- Virtual Investor Conferences, the leading proprietary investor conference series, today announced the agenda for the upcoming Critical and Precious Metals Investor Conference on November 10 th & 11 th .
This two-day investor focused Webinar will feature presentations and speakers discussing worldwide investment opportunities in Critical Metals, including Copper, Base, Lithium, and Battery, and Precious Metals. Day one will showcase executives from exploration, development and production companies that are focused on key elements for global sustainable economic growth. Day two will focus on gold, silver and other precious metals.
Individual investors, institutional investors, advisors, and analysts are invited to listen to the executive management of metals and mining companies discuss their property positions, development schedules, market opportunity, and investment highlights.
It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. There is no cost to log-in, attend live presentations or ask questions.
"OTC Markets is delighted to host the Critical and Precious Metals virtual investor conference co-sponsored by Murdock Capital and TAA Advisory LLC," said Jason Paltrowitz , Executive Vice President of Corporate Services at OTC Markets Group. "We are pleased to provide a platform for issuers that allows them to engage a broader investor base. We welcome the participation of our keynote speakers, Byron King , Chris Berry , Jack Lifton , Rob Keintz and Jeffrey M. Christian , at this signature event."
November 10 th Agenda:
Eastern ET NYC
Full Company Legal Name - Presentation Name
Ticker(s)
9:30 AM
Keynote Presentation: Byron King, Energy and Metals Writer with Agora Financial and Investor Intel
To facilitate investor relations scheduling and to view a complete calendar of Virtual Investor Conferences, please visit www.virtualinvestorconferences.com .
About Virtual Investor Conferences ® Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly-traded companies to meet and present directly with investors.
A real-time solution for investor engagement, Virtual Investor Conferences is part of OTC Market Group's suite of investor relations services specifically designed for more efficient Investor Access. Replicating the look and feel of on-site investor conferences, Virtual Investor Conferences combine leading-edge conferencing and investor communications capabilities with a comprehensive global investor audience network.
As the world continues its transition away from many carbon-based forms of energy, so too does the urgency arise for sustainable sources for the critical components of green technology – primarily copper and nickel. The global energy transition is a massive, coordinated effort that has grown significantly over the last several years. Mandates from governments, corporations, financial institutions and portfolio companies worldwide have not been shy to demonstrate their desire to invest in a greener world.
However, with increased demand for both metals, the world faces significant supply deficits — making major copper and nickel projects among the world’s most strategic mineral deposits.
Nova Royalty (TSXV:NOVR, OTCQB:NOVRF) is the only royalty company focused solely on copper and nickel. Through its royalty model, Nova offers investors direct exposure to not only copper and nickel, but is also an essential investment in the future of greener energy.
Nova has a portfolio of tier one, long-lived royalties on the next generation of the world’s tier one copper projects, with select exposure to strategic nickel deposits. Nova’s royalty portfolio is built on highly-strategic deposits in prolific jurisdictions, owned by some of the world’s leading mining companies who have established track records of success in building and operating mines.
Nova currently has 21 royalties: one producing royalty, seven development-stage royalties and 13 exploration-stage royalties.
As a royalty company, Nova has substantially reduced overall risk with a global portfolio of high-quality assets. Additionally, the royalty model offers direct exposure and optionality to commodity price appreciation and production increases, while protecting investors from direct operating and exploration costs typically associated with a traditional mining business.
Nova Royalty has acquired royalties on proven projects that have major mining companies leading development and exploration. These operators, and their accompanying assets, include First Quantum (TSX:FM) Taca Taca, Teck Resources’ (TSX:TECK.A,NYSE:TECK) and Hudbay’s (TSX:HBY,NYSE:HBM) Copper World and Rosemont, Newmont's (TSX:NGT) NuevaUnion, Aura Minerals’ (TSX:ORA) Aranzazu, Antofagasta's (LSE:ANTO) Twin Metals, Waterton Global's Dumont and Rio Tinto's (ASX:RIO) Janice Lake. With several other exploration assets, Nova Royalty is well-prepared for adding new, near-term cash flow generating royalties to its roster.
Company Highlights
Nova Royalty is a royalty company focused on leveraging the transition to green energy with a direct investment in valuable copper and nickel assets, the building blocks for the energy transition.
The company has an international portfolio of production, development and exploration projects spanning strategic jurisdictions in Chile, Argentina, Mexico, Canada and the US. The region that hosts the Dumont mining project in Quebec has the world's largest emerging reserves of nickel.
As a royalty company, Nova is exposed purely to revenues and is protected from any direct operating, carrying, exploration or development costs. It offers optionality on copper/nickel price appreciation, production expansion and reserve increases without any additional capital or operating costs.
Strategic operators in Nova's portfolio include First Quantum, Teck, Hudbay, Newmont, Antofagasta and Rio Tinto. The company also has several other exploration royalties.
Key Projects
Taca Taca Copper-Gold-Molybdenum Project
This key development project is owned by First Quantum Minerals, one of the world's leading copper producers. This major copper company has helped energize its Taca Taca mining property in Salta province, Argentina and recently said that it is First Quantum's next development priority. The proven and probable reserves currently measure 1.758 billion tonnes at 0.44 percent copper, 0.012 percent molybdenum and 0.09 g/t gold. As exploration continues, there is significant promise for the property for discovering more high-grade base metals.
In November 2020, First Quantum reported a maiden reserve for the property of 7.7 million tonnes of copper. The update guided to a production decision between 2023 and 2024 and an initial expected mine life of 32 years with maximum annual production of 275,000 tonnes of copper.
Nova currently holds 0.24 percent net smelter return (NSR) on Taca Taca over the entire mining plan of the property and recently announced an acquisition of an additional 0.18 percent NSR.
NuevaUnion Copper-Gold Project
The NuevaUnion copper-gold development project in Chile focuses on the highly prospective copper and gold La Fortuna deposit. In a 50/50 joint venture between operators Teck Resources and Newmont, exploration and development are currently underway of proven and probable reserves. These reserves are calculated at approximately 682 million tonnes at 0.51 percent copper and 0.47g/t gold.
In February 2020, Teck and Newmont announced a US$152 million planned drilling program that would focus on deep extensions of the deposit. The Teck Annual Information Form revealed reserve increases from 557 million tonnes at 0.53 percent copper and 0.48 g/t gold, to 682 million tonnes at 0.51 percent copper and 0.47 g/t gold in the same month. This extension is an exciting step for the company and showcases the rapid growth in potential discoveries and yield.
Nova has a 2.0 percent NSR covering all copper royalty revenue from the project's Cantarito block, which comprises approximately 20 percent of the La Fortuna project. Given the deposit's current size and aggressive growth, it is a natural property to bring into production during the upcoming copper cycle. Both Teck and Newmont have the project highly ranked in their development pipelines.
Aranzazu Copper-Gold-Silver Project
The Aranzazu project is an operating mine located in Zacatecas, Mexico. It is owned and operated by Aura Minerals. Aranzazu provides cash flow and upside potential in a top mining jurisdiction.
According to public filings, proven and probable mineral reserves are 6,274 kilotonnes at 1.36 percent copper, 1.02 g/t gold and 18.41 g/t silver, while measured and indicated mineral resources are 12,027 kilotonnes at 1.4 percent copper, 1.12 g/t gold and 20.31 g/t silver.
In Q3 2021 and Q4 2021, Aranzazu delivered record production in each successive quarter of 11.4 Mlbs of copper equivalent and 13.3 Mlbs copper equivalent, respectively.
Nova has a 1.0 percent NSR covering approximately 1,440 hectares, which includes the location of the existing underground mine and the entire mineral resource and reserve estimates.
Copper World and Rosemont Projects
Nova acquired a royalty on Hudbay Minerals’ Copper World and Rosemont development projects in early 2022. These projects are located in Arizona in one of the largest, most strategic copper districts in the US.
According to public filings from Hudbay, Rosemont has proven and probable mineral reserves of 537.1 megatonnes at 0.45 percent copper, 120 g/t molybdenum and 4.48 g/t gold. The initial mineral resource for Copper World is 272 megatonnes at 0.36 percent copper indicated and 142 megatonnes at 0.36 percent copper inferred. In 2021, Hudbay increased the Copper World drill program from 70,000 to 200,000 ft. A preliminary economic assessment (PEA) is expected for Copper World in the first half of 2022 and a preliminary feasibility study (PFS) is expected in the second half of 2022.
Nova has a 0.135 percent net smelter royalty (NSR) on both projects, with a right of first refusal (ROFR) for an additional 0.540 percent NSR.
Dumont Nickel-Cobalt Project
Operating out of the Abitibi mining camp in Quebec, Canada, this is a fully permitted, construction-ready project, which hosts the world's second largest nickel reserve at 2.8 million tonnes. In a feasibility study released during 2019, findings highlighted the project's large scale, low cost and potentially long life. Nickel production in concentrate rose from 33,000 per annum in Phase One, the first five years, to 50,000 tonnes per annum in Phase Two, a period of 25 years.
Nova currently holds a 2.0 percent NSR on approximately 21 percent of the deposit.
Twin Metals Copper-Nickel-Platinum Group Metals Project
The Twin Metals nickel and copper project is currently developing base metal and platinum deposits on a highly prospective property located in Minnesota, US. This historically mined jurisdiction's iron ore and taconite mining have been vital to the US economy since the 1800s. The Duluth Complex, where Twin Metals is located, hosts 95 percent of all US nickel reserves and 34 percent of all copper reserves. In collaboration with operator Antofagasta, the project is currently developing property resources measuring at 1.293 billion tonnes at 0.57 percent copper and 0.18 percent nickel.
Nova currently holds a 2.4 percent NSR on contained copper and nickel metal on a portion of the project that comprises approximately 18 percent of the highly prospective resource. This royalty is payable at one third of the gross value of copper and nickel.
Janice Lake Copper-Silver Project
The Janice Lake property is 55 kilometers southeast of Key Lake, Saskatchewan, and encompasses a 52-kilometer-long district of the Wollaston Copperbelt. With over 20 known occurrences of copper on the property, and a safe jurisdiction, the Janice Lake project is strategically positioned for systematic exploration and a potentially significant yield.
Nova owns a 1.0 percent NSR on the Rio Tinto (ASX:RIO) owned property with buyback currently set at 0.375 percent for C$750,000. In September 2020, Rio Tinto announced the completion of its summer programming, which included drilling, substantial mapping and the construction of an 80-person camp.
Other Exploration Royalties
Nub East (British Columbia): 1.00 percent NSR
Copper King (British Columbia): 1.00 percent NSR
Pinnacle (British Columbia): 1.00 percent NSR
Homathko (British Columbia): 1.00 percent NSR
Dundonald (Ontario): 1.25 percent NSR
Saturday Night (Ontario): 1.00 percent NSR
West Matachewan (Ontario): 1.00 percent NSR
Maude Lake (Ontario): 1.00 percent NSR
Elephant Head (Ontario): 1.00 percent NSR
Bancroft (Ontario): 1.00 percent NSR
Management Team
Alex Tsukernik - President & CEO, Director
Alex Tsukernik co-founded Nova Royalty in 2018. He has over 15 years of experience in metals and mining finance as an executive, investor and corporate adviser. Before Nova Royalty, he spent more than seven years as an independent principal of his own merchant banking and advisory firm, Syntella Partners. In this capacity, he focused on creating value-added investment opportunities in the mining space. Before becoming an independent principal, Tsukernik co-founded the Metals and Mining investment banking group at Rodman & Renshaw. He was director and head of metals and mining and involved with over US$2 billion of completed mergers, acquisitions and capital raising transactions. Tsukernik holds a bachelor’s of arts in math and economics from Cornell University and an MBA from Columbia Business School. Tsukernik is also a CFA Charterholder.
Brett Heath - Non-Executive Chairman
Brett Heath has a comprehensive career in the structured finance, corporate finance and investment management industry. He is the founder, president and CEO of Metalla Royalty & Streaming (NYSE: MTA). He was previously the chairman and CEO of High Stream before Metalla acquired it in August 2016. High Stream was a specialty streaming and royalty consulting company where Heath worked with First Mining Finance, and several other private equity funds, advising and brokering metal streaming transactions. Before that, he was the president of a private streaming company at which he deployed C$11 million in four producing streaming transactions across three separate jurisdictions. He has held a position as the founding principal of KSIR Capital Management, a hedge fund focused on small and micro-cap mining companies. Heath also advised several mining companies in his working capacity with the corporate finance division of KSIR Capital.
Parviz Farsangi - Chief Technical Advisor
Parviz Farsangi has over 30 years of mining industry experience. He was formerly executive vice president and chief operating officer of Vale from 2007 to 2009 and was with Falconbridge from 1987 to 2007 in roles that included general manager of Sudbury Mines. More recently, he held the positions of president, CEO and director of Scorpio Mining.
Farsangi holds a bachelor’s of engineering in mining from Laurentian University, a master’s in engineering in rock mechanics and a doctorate in mining engineering from McGill University and an executive master’s of business administration from Queen's University. He has served on several mining association boards and is a director of several TSX-listed companies.
Bill Tsang - Chief Financial Officer
Bill Tsang is a chartered professional accountant with a bachelor’s of commerce from the University of British Columbia. Tsang has over 10 years of financial accounting and auditing experience in the mineral exploration and mining industry. He has worked in public practice, providing professional services and advice to publicly traded companies on the NYSE, TSXV and OTC markets, on various public reporting services. He also served as the chief financial officer of several companies listed on the TSXV and OTC markets.
Brian Ferrey - Vice President of Corporate Development & Strategy
Brian Ferrey has been involved with the company in an advisory capacity since 2018. He brings a broad network and significant experience across capital markets and mining finance. Ferrey has been involved with over C$2 billion in mining royalty and streaming transactions.
Prior to joining Nova, Ferrey was a director in CIBC Capital Markets Investment Banking in Vancouver, where he specialized in the metals and mining sector. Prior to this, he held positions at Denham Capital Management, focusing on mining investments in North and South America. Ferry previously worked at UBS Securities Canada, where he worked concurrently with Equity Capital Markets and Global Mining Investment Banking. Ferrey holds an honours business administration degree from the Ivey Business School at Western University, where he graduated an Ivey Scholar.
Greg DiTomaso has over 14 years of investor relations and strategic communications experience, predominantly in the mining and energy sectors. Over the course of his career, DiTomaso has advised and supported the senior management teams of over 30 publicly-traded companies regarding investor relations, transaction communications and strategic communications efforts. Prior to joining Nova Royalty, he was senior director of capital markets at NATIONAL Public Relations, and served as director, investor relations for TSX-listed precious metals producer Mandalay Resources. DiTomaso holds honours bachelor’s of administration and master’s of administration degrees from the University of Toronto, and a master's of business administration from the University of Toronto's Rotman School of Management.
Denis Silva - Non-Executive Director
Denis Silva is a corporate and securities partner at law firm Gowling WLG in Vancouver. He has 11 years of experience in corporate, securities, mining and regulatory legal experience. He has acted for various companies listed on Canadian and US exchanges, focusing on mining. Silva holds a bachelor’s of administration from the University of British Columbia, a master’s of public administration from Queen's University and a bachelor’s of law from the University of Windsor.
Andrew Greville - Non-Executive Director
Since 2014, Andrew Greville has been the principal of his own consulting firm, West End Mining & Consulting. From 2005 to 2013, Greville held multiple roles at Xstrata Copper, including executive general manager and business development and strategy. In this capacity he was responsible for all merger and acquisition activity and coordination of strategic planning. From 2000 to 2005, Greville was vice president of Ores & Concentrates for Pechiney World Trade, now Rio Tinto. From 1996 to 1999, he was vice president, commercial for BHP Copper North America with commercial responsibility for BHP's North American operations.
E.B. Tucker - Non-Executive Director
E.B Tucker is director of Midas Capital Partners, a capital markets consultancy firm. He previously held positions including senior analyst and editor of several widely followed financial newsletters, before creating his own. Tucker wrote The Casey Report on behalf of Doug Casey, The Bill Bonner Letter and Stansberry's Investment Advisory. He is the author of “Why Gold? Why Now?”, which details the wealth-creating power of mineral royalties. Tucker was a founding partner of KSIR Capital Management, an asset management firm focused on precious metal equities, and KSIR Capital, a corporate finance advisory firm focused on the precious metal industry. Tucker holds a bachelor’s of science in business administration, with an area of study in finance, from the College of Charleston in South Carolina.
Johanna Fipke - Independent Director
Johanna Fipke is currently a partner at Fasken Martineau DuMoulin, one of Canada's leading law firms, and is a core member of their well-established mining group. Fipke has been recognized for her mining expertise by Lexpert, Who's Who Legal, the Best Lawyers in Canada and the Legal 500. Fipke is a founding and current director of Women in Mining BC. She holds bachelor’s of law, bachelor’s of commerce, and bachelor’s of arts degrees, each with distinction, from the University of Alberta. Fipke was chosen as one of the top 100 Global Inspirational Women in Mining.
Strategic shareholders
Adrian Day - Asset Management
After graduating with honours from the London School of Economics, Adrian Day, native to London, spent many years as a financial investment writer. He gained a large following for his expertise in searching out unusual investment opportunities around the world. Day authored two books on the subject of global investing: “International Investment Opportunities: How and Where to Invest Overseas Successfully” and “Investing Without Borders”.
Day’s latest book, widely praised by readers, is “Investing in Resources: How to Profit from the Outsized Potential and Avoid the Risks”. He is a recognized authority in both global and resource investing. Day is frequently interviewed by the press, both domestically and abroad.
Beedie Capital
Beedie Capital is the family office investment arm of Beedie, a prominent private industrial owner, developer, and property manager in Western Canada.
Stephens Investment Management
Stephens Investment Management is a boutique investment firm that manages a family of financial products. The core of their strategy is based on conducting fundamental research on growing companies and sectors. They are long-term investors, with a focus on value-priced growth companies.
Doug Casey
Doug Casey is a well-known author who graduated from Georgetown University before beginning a career as an author. His title credits include “Strategic Investing”, “Crisis Investing: Opportunities and Profits in the Coming Great Depression” and “Right on the Money”.
Peter Schiff
Peter Schiff is a prolific stockbroker based in Connecticut. He is CEO of Euro Pacific capital and a skilled broker-dealer who possesses extensive experience working with precious metal dealers.
Management, directors and advisors of Nova Royalty own approximately 20 percent of the company.
Trilogy Metals Inc. (TSX: TMQ) (NYSE American: TMQ) ("Trilogy Metals" or the "Company") is pleased to announce the detailed voting results on the items of business considered at its Annual Meeting of the Shareholders ("Meeting") held in Vancouver on Friday, May 13, 2022 . All proposals were approved and the nominees listed in the management proxy circular for the meeting were all elected as directors. A total of 118,263,353 or 81.30% of the Company's issued and outstanding shares were represented at the Meeting.
Shareholder Voting Results
The Shareholders voted on the following matters at this year's Meeting. Other than Proposals 1, 3, 4, 5 and 6, which represents votes by ballot, the results presented below represent votes accordingly to proxies received.
Proposal 1: Election of Directors
Nominee
Votes For
% For
Votes Withheld
% Withheld
Tony Giardini
101,505,574
99.76
239,157
0.24
James Gowans
87,137,657
85.64
14,604,074
14.36
William Hayden
101,527,372
99.79
217,359
0.21
William Hensley
101,512,528
99.77
232,203
0.23
Gregory Lang
97,853,372
96.18
3,891,359
3.82
Kalidas Madhavpeddi
98,448,800
96.76
3,295,931
3.24
Janice Stairs
97,892,140
96.21
3,852,590
3.79
Diana Walters
98,474,256
96.79
3,270,475
3.21
Proposal 2: Appointment of the Auditor
Votes For
% Votes For
Votes Withheld
% Votes Withheld
117,890,256
99.75
297,296
0.25
Proposal 3: Approval of amendments to and unallocated entitlements under the Restricted Share Unit Plan
Votes For
% Votes For
Votes Against
% Votes Against
Votes Abstaining
% Votes Abstaining
92,690,774
91.10
8,859,700
8.71
194,256
0.19
Proposal 4: Approval of amendments to and unallocated entitlements under the Deferred Share Unit Plan
Votes For
% Votes For
Votes Against
% Votes Against
Votes Abstaining
% Votes Abstaining
90,077,518
88.53
11,440,948
11.24
226,264
0.23
Proposal 5: Approval of a non-binding resolution approving the compensation of the Company's Named Executive Officers
Votes For
% Votes For
Votes Against
% Votes Against
Votes Abstaining
% Votes Abstaining
89,034,428
87.51
12,354,613
12.14
355,689
0.35
Proposal 6: Approval of non-binding vote on the frequency of a non-binding vote on the compensation of the Company's Named Executive Officers
Votes for One Year
% Votes For One Year
Votes for Two Years
% Votes for Two Years
Votes for Three Years
% Votes for Three Years
82,494,024
81.25
146,989
0.14
18,895,660
18.61
Detailed results of all items of business are also available in the Report of Voting Results filed under the Company's SEDAR profile at www.sedar.com ("SEDAR") and on the Form 8-K filed under the Company's EDGAR profile at www.sec.org ("EDGAR").
About Trilogy Metals
Trilogy Metals Inc. is a metal exploration and development company which holds a 50 percent interest in Ambler Metals LLC which has a 100 percent interest in the Upper Kobuk Mineral Projects ("UKMP") in Northwestern Alaska . On December 19, 2019 , South32, a globally diversified mining and metals company, exercised its option to form a 50/50 joint venture with Trilogy. The UKMP is located within the Ambler Mining District which is one of the richest and most-prospective known copper-dominant districts in the world. It hosts world-class polymetallic volcanogenic massive sulphide ("VMS") deposits that contain copper, zinc, lead, gold and silver, and carbonate replacement deposits which have been found to host high-grade copper and cobalt mineralization. Exploration efforts have been focused on two deposits in the Ambler Mining District – the Arctic VMS deposit and the Bornite carbonate replacement deposit. Both deposits are located within a land package that spans approximately 181,387 hectares. Ambler Metals has an agreement with NANA Regional Corporation, Inc., an Alaska Native Corporation that provides a framework for the exploration and potential development of the Ambler Mining District in cooperation with local communities. Trilogy's vision is to develop the Ambler Mining District into a premier North American copper producer.
Included in 387 m at 0.56% Copper Equivalent Additionally, 377 m at 0.31% Copper Equivalent
Los Andes Copper Ltd. (TSXV: LA) (OTCQX: LSANF) ("Los Andes", "LA" or the "Company") reports further excellent results from drilling completed at the Vizcachitas Copper Project in Chile.
Hole CMV-009 located near the southern edge of the current resources has returned results from 93.2 meters to 480.35 meters with a copper equivalent grade of 0.56 %, including 0.53 % copper, 62 parts per million ("ppm") molybdenum and 1.5 grammes per tonne ("g/t") silver. Included in this intercept is an interval from 108 meters to 260 meters, of 152 meters grading 1.00% copper equivalent. Further drilling is planned to outline this area in detail.
Hole CMV-010 located near the western edge of the previous resource model returned assay results from 430.0 meters to 807.3 meters, with 377.3 meters of 0.31 % copper equivalent. This result will be incorporated into the new resource assessment for the Pre-Feasibility Study ("PFS") targeted for the fourth quarter 2022.
R. Michael Jones, CEO of Los Andes, comments that "The shallow mineralization in Hole CMV-009 is impressive. The higher-grade areas of the deposit will be targeted for early mining where accessible in the developing PFS mine plan. Hole CMV-010 illustrates that the deposit is still open to the northwest and assays are pending for Hole CMV-011 that is further west. Hole CMV-010 and CMV-011 will allow the western area to be reconsidered in the resource model. The opportunity to convert tonnes assumed to be waste in the Preliminary Economic Assessment (the "PEA") to resources in the mine plan for the PFS, and to target high grade areas are good opportunities to optimize the project."
The drilling results indicate that the limits and the center of the Vizcachitas Porphyry Copper deposit are not yet known. A further 3,300 meters of sampled core are awaiting assay results at this time.
Milestones for the Company include further drilling assay results in the weeks ahead and completion of the PFS in the fourth quarter of 2022. Vizcachitas represents one of the truly Tier One Copper Assets with no major company holdings or offtake agreements.
Drilling Results Details
The details of Holes CMV-002, CMV-003, CMV-005, CMV-009 and CMV-010 are shown in the table below.
Drill Hole
Interval (m)
Meters
Cu %
Mo ppm
Ag g/t
CuEq %*
CMV-002
42.3 - 664.85
622.55
0.07
27
0.2
0.08
CMV-003
42.3 - 698.0
655.70
0.09
11
N/A**
0.09
CMV-005
13.1 - 996.0
982.90
0.07
26
N/A**
0.08
CMV-009
93.2 - 480.35
387.15
0.53
62
1.5
0.56
Including
108 - 260
152.00
0.94
122
2.6
1.00
CMV-010
82 - 807.3
725.30
0.20
28
0.7
0.21
Including
430 - 807.3
377.30
0.28
36
1.0
0.31
* 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% Cu, 6% Mo and 1% silver.
** Assay results pending for 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-002 was drilled in an open shallow exploration area north of the current resource model. The deep part of the deposit in the north remains open. Holes CMV-003 and CMV-005 indicate that the shallow part of the system does not extend northward from the current resource model. However deeper drilling in this area has good mineralization and the depth potential to the north is still untested.
The Company is preparing to file detailed reports with the environmental court on the issues raised in the recent court injunction to suspend drilling. The Company is confident that the drilling project can continue, in accordance with its permits, with no significant effects to the environment and the Company welcomes continued dialogue with all stakeholders in a climate of mutual respect.
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 $1.8 billion and an IRR of 20.77%, based on a $3 per pound copper price. It also has a Measured Resources of 254.4 million tonnes having a grade of 0.439% copper and Indicated Resource of approximately 1.03 billion tonnes having a grade of 0.385% copper. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Please refer to the technical report 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 Minerals in Lima, Peru. All samples were assayed using the method ME-MS61, a four-acid digestion with an ICP-MS finish. Copper samples with grades above 0.7 % Cu were reanalysed using ALS method Cu-OG62, a four-acid digestion with an AAS finish. The Company uses a program of detailed QA QC and monitors the performance of the laboratory.
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.
Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) ("Altiplano" or the "Company") is pleased to provide an update on decline progress and ongoing exploration activities at the Maria Luisa Project (the "Project"), located 100 km north of La Serena within the Atacama region in Incahuasi, Chile.
Program Highlights
The Company has completed 245 metres of the NW-SE trending Maria Luisa decline and is now approximately 90 metres from the projected target depth. Cross cuts to the SW will soon begin to intersect the vein sets to support the mining plan.
Approximately 780 metres of planned underground and surface drilling has been completed across 10 drill holes.
The drill program is designed to confirm the presence of gold-copper vein material to guide development, and to test for additional veins at depth where they have been observed or inferred from surface mapping.
Extensive surface bedrock and underground mapping is ongoing. Additional vein systems and previously unknown vein orientations have been delineated.
Mapping observations regarding vein orientations and the distribution and intensity of alteration associated with mineralization are used to inform and guide exploration drill targeting and future decline advancements.
The Company has delineated previously unrecognized N-S trending gold-copper vein sets via surface and underground mapping and in initial drill logging observations that may prove important in future production scenarios.
A total of 210 tonnes of bulk sample copper oxide material was mined and shipped for sale from a secondary vein system first exposed in the early stages of the decline development (See news release dated February 14, 2022). Processing of the material returned an average grade of 1.41% copper. Sales of this material generated approximately US$13,000.
Alastair McIntyre, President and CEO comments "We are pleased with the progress and the advance of the Maria Luisa decline, and are on track to reach the targeted vein system within the next few months. The completion of the decline and subsequent crosscuts to access gold-copper vein material will provide the opportunity to generate additional sales revenue moving forward."
Figure 1: Maria Luisa decline progress, drill collars, and mapped gold-copper veins.
* The decision to commence underground exploration and development at the Maria Luisa site is not based on a feasibility study of mineral reserves demonstrating economic and technical viability and there is increased uncertainty and economic and technical risks of failure associated with this decision.
About Altiplano Altiplano Metals is a growing gold, silver, and copper company focused on the Americas. The Company has a diversified portfolio of assets that include an operating copper/gold/iron mine, development near term producing gold/copper projects, and exploration land packages with district-scale potential. Altiplano is focused on creating long-term stakeholder value through developing safe and sustainable production, reinvesting into exploration, and pursuing acquisition opportunities to complement its existing portfolio. Management has a substantial record of success in capitalizing on opportunity, overcoming challenges and building shareholder value. Altiplano trades on the Toronto Venture Exchange trading under the symbol APN and the Frankfurt Exchange under the symbol A2JNFG.
Altiplano has generated over US$8.83 million from the recovery and sale of 4.15 million pounds of copper with an average grade of 1.76% Cu (2018 Q1-2022 Q1). Cash flow has been re-invested into equipment, underground drilling, expanding underground development at Farellon, enhancing ventilation to increase productivity and capacity, new underground development and exploration at Maria Luisa, and the near completion construction of the El Peñón fit-for-purpose mill and flotation plant located 15 km from the Farellon site.
John Williamson, B.Sc., P.Geol., a Qualified Person as defined by NI 43-101, has reviewed, and approved the technical contents of this document.
Altiplano is part of the Metals Group of companies. Metals Group is an award-winning team of professionals who stand for technical excellence, painstaking project selection and uncompromising corporate governance, with a proven ability to capitalize on investment opportunities and deliver shareholder returns.
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 release.
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. A qualified person has not done sufficient work to classify any historical estimates as current mineral resources or mineral reserves and the issuer is not treating the historical estimates as current mineral resources or mineral reserves. The is no current mineral resource at Maria Luisa and further exploration may or may not define a resource estimate (M. Dufresne, NI 43-101 Technical Report, February 10, 2017). In addition, a decision to commence underground exploration and development at the Maria Luisa site is not based on a feasibility study of mineral reserves demonstrating economic and technical viability and there is increased uncertainty and economic and technical risks of failure associated with this decision. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com.
NOT FOR DISTRIBUTION OR DISSEMINATION TO THE UNITED STATES
Increase and Extension Granted for Non-Brokered Private Placement
Usha Resources Ltd. ("USHA" or the "Company") (TSXV:USHA) (OTCQB:USHAF) (FSE:JO0) is pleased to report that, further to the previously announced non-brokered private placement (see news release dated April 4, 2022) and subject to the approval of the TSX Venture Exchange (the "Exchange"), it has closed the second tranche of a now oversubscribed non-brokered private placement (the "Private Placement") issuing an aggregate of 2,934,998 units (each a "Unit") at a price of $0.30 per Unit for total gross proceeds of $880,499. In total, USHA has raised gross proceeds of $1,111,499.40 in both tranches
"We are very pleased to be able to raise capital at a premium to our share price and we are very grateful for the support from our new and existing shareholders," stated Deepak Varshney, P.Geo., CEO of the Company.
Each Unit consists of one common share (each a "Share") of the Company and one transferable common share purchase warrant (each a "Warrant") with each Warrant exercisable to purchase one Share of the Company at a price of $0.45 per Share for a period of 2 years from the date of closing (the "Expiry Date").
The Company paid finders' fees totaling $22,740 cash and 75,800 non-transferable finder warrants (the "Finder Warrants") to Research Capital Corporation and Richardson Wealth Limited in accordance with applicable securities laws. The Finder's Warrants are exercisable on the same terms as the Warrants issued in the Private Placement.
All securities issued in the first tranche of the Private Placement are subject to the Exchange hold period, plus a hold period of four months and one day following the closing dates of the Private Placement expiring on September 14, 2022.
The Company also announces that the Exchange has granted the Company an extension to June 13, 2022 to close the final tranche of the Private Placement.
Usha Resources Ltd. is a North American mineral acquisition and exploration company focused on the development of quality battery and precious metal properties that are drill-ready with high-upside and expansion potential. Based in Vancouver, BC, Usha's portfolio of strategic properties provides target-rich diversification and consist of Jackpot Lake, a lithium project in Nevada; Nicobat, a nickel‑copper‑cobalt project in Ontario; and Lost Basin, a gold-copper project in Arizona. Usha trades on the TSX Venture Exchange under the symbol USHA, the OTCQB Exchange under the symbol USHAF and the Frankfurt Stock Exchange under the symbol JO0.
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.
The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements.
This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.
After declining almost 4 percent from the start of the week to Thursday (May 12), the index rebounded on Friday, although it was still on track for a weekly loss. It closed the five day period at 20,099.81.
The US dollar was on the rise last week, pushing gold toward a fourth consecutive weekly decline. Silver and palladium gained on Friday, while platinum fell on the last day of trading.
"Gold is being weighed down as the Fed has been committed to raise interest rates at a fast pace and in addition, the dollar has been extremely strong," David Meger, director of metals trading at High Ridge Futures, told Reuters. "Going forward, the inflation numbers are what the market will closely watch."
Against that backdrop, a number of TSX-listed companies saw share price increases. The five TSX-listed mining and energy stocks that saw the biggest gains are as follows:
Here’s a look at those companies and the factors that moved their share prices last week.
1. Perpetual Energy
Calgary-based Perpetual Energy is focused on oil and gas production and exploration. The company’s assets include liquids-rich conventional natural gas, heavy crude oil and shallow and undeveloped bitumen leases.
Despite not releasing news last week, Perpetual saw its share price increase 23.08 percent to C$1.28.
2. Filo Mining
A member of the Lundin Group, Filo Mining is advancing its 100 percent owned Filo del Sol copper-gold-silver deposit located in Chile's Region III and Argentina's adjacent San Juan province.
Last week, the company rose 20.02 percent to C$22.42 after publishing positive assay results on Thursday.
"A remarkable result; hole 57 extends the bonanza-grade Breccia 41 mineralization another 175m to the north, building on the potential volume of this extremely high-grade rock,” Jamie Beck, president and CEO, said. “Prior to reaching target depth, the hole ended in the highest-grade copper we've ever reported at Filo del Sol."
3. Condor Gold
With a focus on Nicaragua, Condor Gold has a number of projects in Central America. Its flagship is La India.
Last Friday, the company published its Q1 results. The company said it continues to move ahead with a feasibility study for an open pit at La India and associated mine site infrastructure. Last week, shares of Condor Gold increased 7.84 percent to trade at C$0.55 by the end of the week.
4. Gatos Silver
Gatos Silver is a silver-dominant exploration, development and production company that has discovered a new silver- and zinc-rich mineral district in the south of Mexico's Chihuahua state. The company’s flagship asset is the Los Gatos district, which includes the Cerro Los Gatos mine.
Gatos produced a record 2.4 million ounces of silver contained in concentrate in the first quarter of 2022, according to its results published last Monday (May 9). During the five day period, the company’s share price jumped 7.81 percent to end the week at C$4.14.
5. Forza Petroleum
Forza Petroleum is an international oil exploration, development and production company. It has a 65 percent participating interest in and operates the Hawler license area in the Kurdistan region of Iraq.
Last week, shares of Forza Petroleum increased 4.88 percent to trade at C$0.21.
Data for 5 Top Weekly TSX Performers articles is retrieved each Friday at 10:30 a.m. EST using TradingView's stock screener. Only companies with market capitalizations greater than C$50 million prior to the week's gains are included. Companies within the non-energy minerals and energy minerals are considered.
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Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.
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