Aranjin Resources Announces Promising Drilling Results at the Sharga Copper Project

Aranjin Resources Ltd. (TSXV: ARJN) (the "Company" or "Aranjin Resources") is very pleased to announce results from the recent drilling at the Sharga Copper Project ("Sharga" or "Project").

Highlights:

First drilling program completed with results now received for all drill holes and Phase 2 follow up drilling planned.
Highly encouraging early results from six initial drill holes with a best result of 15.4 meters at 1.33% Copper and 0.94g.t Gold.
Wide zones of VMS style (massive to semi massive sulphides) mineralization up to 100 meters in width, indicating a substantial mineralized system has been discovered at Sharga.
Mineralised zones intersected in drilling are open along strike and at depth and this is further confirmed by preliminary dipole-dipole IP geophysics that tested and confirmed that the mineralisation intersected in drilling is open and remains untested by drilling.

The Company has successfully drilled six diamond core drill holes for a total of 2,211 meters at the East Prospect with a best result of 15.4 meters at 1.33% Copper and 0.94g.t Gold. These early results successfully demonstrate the discovery of a substantial VMS style base metal system with high grade copper and gold at Sharga. This is very early and only a tiny fraction of the targets on the project have been drill tested. While this drill campaign was short it supports the Company's initial view that the Sharga Copper Project has strong potential for the discovery of high-grade copper gold deposits. The Phase 2 drilling program will cover a wider area and will include further drilling at the East Prospect and an additional five target areas that the company has been working on. This program is expected to commence early in 2022.

Better Drilling results included:

SH-2:

54.1 meters at 0.27% Copper and 0.35g/t Gold, including 7.7 meters at 1.04g/t Gold and 2.9% Zinc

SH-3:

9 meters at 0.64% Copper and 0.31g/t Gold including 1.9 meters at 2.25% Copper
5.15 meters at 1.73% Copper and 0.98g/t Gold including 1 meters at 4.51% Copper and 2.33g/t Gold and 100 g/t Silver

SH-5:

37.9 meters at 0.27% Copper and 0.50 g/t Gold

SH-6:

15.3 meters at 0.13% Copper and 1.05g/t Gold
15.4 meters at 1.33% Copper and 0.94g.t Gold, including 9 meters of 2.11% Copper and 1.02g/t Gold
16 meters at 0.52% Copper and 0.86 g/t Gold

Figure 1

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4933/107512_cda5f663b407e9ba_001full.jpg

Figure 2

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/4933/107512_cda5f663b407e9ba_002full.jpg

Summary of the Drill Results:

A total of five prospects were identified as a consequence of the ASTER satellite image processing and geological mapping, in the license named North, Aguit, Khar Zurai, West, and East. Strongly silicified, reddish-brown limonite-hematite rich alteration zones "gossans" were mapped at all the prospects in variable sizes and are associated with schistose textured acidic volcanic rocks as well as elevated base metals and gold.

Figure 3

To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/4933/107512_cda5f663b407e9ba_003full.jpg

A total of six diamond drillholes with a total of 2,211 meters were completed at the East prospect. Over 100 meter thick, pyrite dominated, massive sulfide layers were intersected in the holes demonstrating a substantial mineralized VMS system. The best intercept was achieved in the last hole drilled and included 15.4m at 1.33% Copper and 0.94g/t Gold from 315.6m in drillhole SH-6 and included 9m at 2.11% Copper and 1.02g/t Gold from 322m.

The company has completed preliminary dipole-dipole IP test survey across the East and North Prospects and confirmed that the mineralization intersected in drilling is open along the strike and at depth. Additional IP and ground magnetic geophysics and soil and rock chip geochemistry will be undertaken in the coming months.

Figure 4

To view an enhanced version of Figure 4, please visit:
https://orders.newsfilecorp.com/files/4933/107512_cda5f663b407e9ba_004full.jpg

Significant intercepts were shown in below table.

ID	Drill Hole	Depth, m		From (m)	To (m)	Core Length (m)	Cu (%)	Au (g/t)	Ag (g/t)	Pb (%)	Zn (%)
1	SH-1	200		169	170	1	0.01	0.56	0.84	0.009	0.05
2	SH-2	383.00		151	152	1.00	0.75	0.07	2.49	0.002	0.012
				152	153	1.00	0.016	0.41	2.49	0.007	0.005
				153	155.8	2.80	0.28	0.13	1.27	0.003	0.026
				211.55	213	1.45	0.11	0.11	0.80	0.001	0.043
				248.45	250.2	1.75	0.32	0.21	1.27	0.017	0.049
				251	252	1.00	0.17	0.03	1.11	0.003	0.028
				273	327.15	54.15	0.27	0.35	4.00	0.010	0.500
			Including	282	289.7	7.70	0.19	1.04	13.66	0.054	2.90
			Including	307	309	2.00	0.91	0.67	2.53	0.007	0.047
				351.7	357.3	5.60	0.37	0.45	9.10	0.066	0.360
3	SH-3	338.00		152	161	9.00	0.64	0.31	8.00	0.010	0.10
			Including	152.9	154.8	1.90	2.25	0.56	19.50	0.030	0.078
				162	163	1.00	0.17	0.23	4.59	0.008	0.12
				164	165	1.00	0.36	0.03	12.20	0.005	0.085
				212.85	218	5.15	1.73	0.98	30.80	0.104	1.73
			Including	212.85	213.85	1.00	4.51	2.33	>100	0.34	0.73
				266.95	270.9	3.95	0.36	0.12	0.98	0.002	0.31
4	SH-4	434.00		238	240	2.00	0.01	0.77	0.41	0.003	0.01
				266	269	3.00	0.70	0.29	1.43	0.007	0.02
				271.6	272.8	1.20	0.04	0.31	1.56	0.01	0.03
				286	287	1.00	0.024	0.32	3.27	0.004	0.04
				288	289	1.00	0.033	0.3	1.97	0.009	0.04
				289	290	1.00	0.200	0.26	1.65	0.01	0.05
				296.5	297.5	1.00	0.38	0.03	0.67	0.001	0.03
				300.95	301.9	0.95	0.48	0.14	2.15	0.01	0.10
				314.7	315.7	1.00	0.14	0.09	5.19	0.06	0.90
				330.3	331.3	1.00	0.02	0.38	3.42	0.05	0.20
				366	367	1.00	0.15	0.02	0.36	0.001	0.009
				368	371	3.00	0.60	0.02	1.46	0.000	0.02
			Including	369	370	1.00	1.44	0.05	3.10	0.001	0.03
				375	376	1.00	0.23		0.84	0.001	0.04
				379	380	1.00	0.19		0.76	0.001	0.02
				391	392	1.00	0.21	0.03	1.14	0.001	0.05
				407.7	409	1.30	0.15	0.39	15	0.06	0.71
5	SH-5	383.00		233	235	2.00	0.29	0.18	1.45	0.01	0.22
				245.45	283.35	37.90	0.26	0.50	7.96	0.02	1.40
			Including	245.45	246.5	1.05	1.05	0.2	5.07	0.01	0.21
			Including	257.5	258.5	1.00	0.20	2.91	2.35	0.002	6.12
			Including	267	268	1.00	0.30	1.02	22.3	0.005	0.16
				286.75	288	1.25	0.21	0.55	6.73	0.01	3.36
				291	292	1.00	0.03	1.29	2.68	0.01	0.46
				315.6	317	1.40	0.15	0.3	2.84	0.02	0.24
				330.2	331.3	1.10	0.20	0.24	3.82	0.008	0.11
				354.4	356.85	2.45	0.20	0.6	3.52	0.01	0.10
				357.95	359	1.05	0.11	0.09	1.48	0.006	0.09
				367.8	369	1.20	0.11	0.12	1.88	0.006	0.12
6	SH-6	473.00		223	224	1.00	0.12	0.08	1.89	0.002	0.042
				227.2	228	0.80	0.17	0.14	0.8	0.005	0.014
				232	235	3.00	0.45	0.16	0.74	0.001	0.01
				240	241	1.00	1.41	0.3	1.25	0.001	0.012
				283.6	284.6	1.00	0.40	0.06	0.87	0.001	0.006
				289.6	294.5	4.90	0.24	0.09	0.75	0.002	0.013
				294.5	309.83	15.33	0.13	1.05	4.88	0.02	0.16
			Including	294.5	295.2	0.70	1.34	0.93	4.11	0.008	0.027
				311.7	313.4	1.70	0.10	0.96	4.06	0.034	0.28
				315.6	331	15.40	1.33	0.94	4.96	0.02	0.23
			Including	322	331	9.00	2.11	1.02	4.81	0.02	0.30
				332	333	1.00	0.19	0.05	0.56	0.001	0.02
				338	339	1.00	0.09	0.39	0.74	0.006	0.10
				345	346	1.00	0.18	0.02	1.17	0.001	0.11
				350	352	2.00	0.31	0.03	1.3	0.005	0.02
				355	358	3.00	0.13	0.01	0.6	0	0.02
				360	361	1.00	0.23	0.02	0.71	0	0.02
				363	370.5	7.50	0.48	0.04	0.21	0	0.03
			Including	368.5	369.5	1.00	1.42	0.07	1.07	0	0.11
				372.8	374	1.20	0.21	0.02	0.53	0.001	0.01
				377	383	6.00	0.55	0.13	0.86	0.000	0.01
				385	401	16.00	0.52	0.86	5.59	0.008	0.91
			Including	388	388.75	0.75	1.85	2.36	6.7	0.002	2.48
			Including	398	399	1.00	1.15	0.52	4.69	0.007	0.03
				419	423	4.00	0.18	0.07	0.67	0.001	0.01
				424	425	1.00	0.12	0.04	0.38	0.001	0.008

Mineralized intervals are greater than 0.10 % Cu.
Higher grade sub-intervals are greater than 1.0 % Cu.
Mineralized intervals are greater than 0.30 g/t Au.

Mr. Wood, Executive Chairman of Aranjin Resources stated, "We are extremely pleased to announce the maiden drill results at the Sharga Copper Project. This drilling program and the recently completed geophysics, successfully demonstrates that the Company has discovered a substantial VMS mineralised system. We look forward to aggressively expanding our exploration efforts across our five target areas on Sharga in early 2022."

On behalf of the Board
Matthew Wood
Executive Chairman
Aranjin Resources Ltd.
+976 7732 1914

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/107512

News Provided by Newsfile via QuoteMedia

copper investing tsxv:arjn Copper Investing

ARJN:CA

Steppe Gold Announces Filing of Early Warning Report

Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) ("Steppe") announces that on September 27, 2023, Aranjin Resources Ltd. ("Aranjin"), with a head office address of Suite 202, 2438 Marine Drive, West Vancouver, British Columbia, V7V 1L1,converted the $1,814,400 principal amount of the outstanding convertible debenture held by Steppe to common shares of Aranjin ("Common Shares") at a price of $0.055 per Common Share, resulting in the issuance of 32,989,090 Common Shares to Steppe (the "Debenture Conversion"). Further, Steppe announces that it has entered into an agreement with Aranjin whereby Aranjin converted accrued interest of $543,574 on the outstanding debentures at a price of $0.055 per Common Share, resulting in the issuance of an additional 9,883,163 Common Shares to Steppe (the "Interest Conversion" and, together with the Debenture Conversion, the "Conversions").

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Aranjin Announces Completion of Debt Settlement and Conversion of Debenture Interest

Aranjin Resources Ltd. (TSXV: ARJN) (the "Company" or "Aranjin") is pleased to announce that further to its press release dated August 16, 2023, it has completed the previously announced debt settlement and conversion of accrued interest on convertible debentures ("Debentures") held by Steppe Gold Ltd. ("Steppe") into common shares ("Shares") of the Company.

The Company has issued 9,883,163 Shares at a deemed price of $0.055 per Share to Steppe, representing accrued interest of $543,574 on the Debentures issued to Steppe on August 10, 2021. After conversion of the principal amount of the Debentures and issuance of Shares representing accrued interest, Steppe now holds 42,872,254 Shares of the Company, representing approximately 11.06% of the Company's issued and outstanding Shares.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Aranjin Resources Announces Corporate Update: Exploration Update, Debenture Conversions, Debt Settlement and Board Changes

Aranjin Resources Ltd. (TSXV: ARJN) (the "Company" or "Aranjin") is pleased to provide an update on recent and upcoming developments at the Company.

With the successful completion of the upsized recent private placement, the Company is pleased to announce the conversion of outstanding debentures and settlement of outstanding debt to simplify the balance sheet. This will reduce the debt burden and allow investment capital to be directed to our exciting exploration projects.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Aranjin Resources Completes Private Placement

Aranjin Resources Ltd. (TSXV: ARJN) (the "Company" or "Aranjin") announces that it has completed its previously announced non-brokered private placement of 53,782,668 units of the Company ("Units") at a price of $0.02 per Unit, for aggregate gross proceeds of approximately $1,075,653 (the "Offering"). Each Unit consists of one common share of the Company (a "Share") and one common share purchase warrant (a "Warrant").

Each Warrant will be exercisable for one Share at a price of $0.05 per Share for a period of 24 months from the closing of the Offering, provided that in the event that the daily volume weighted average closing price of the Shares on the TSX Venture Exchange (the "TSXV") or a recognized Canadian stock exchange equals or exceeds $0.10 for a period of 20 consecutive trading days, the Company may accelerate the expiry date of the Warrants by issuing a press release announcing the reduced Warrant term and in such case, the Warrants will expire on the 30th calendar day after the date such press release is issued.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Finlay Minerals stakes the JJB Property - within the Bear Lake Corridor of British Columbia

finlay minerals ltd. (TSXV: FYL) (OTCQB: FYMNF) ("Finlay" or the "Company") is pleased to announce the staking of 9 mineral claims covering 15,453 hectares (approximately 154 km²) in the northern Bear Lake Corridor of British Columbia . The JJB Property is named in honour of Finlay's Founder, John J. Barakso who was an early advocate for the potential of the Bear Creek Corridor.

JJB PROPERTY:

The JJB Property is located within a highly prospective 135-kilometer-long belt in the Stikine Terrane, which hosts several significant copper (Cu) and silver (Ag) showings and prospects. Noteworthy nearby projects include Zimtu Capital Corp.'s Copperline Project and Doubleview Gold Corp.'s Red Spring Project. Additionally, porphyry projects along the Bear Lake trend include Imperial Metals' Cu-Mo Porphyry Bear Lake Project, American Eagle Gold's Cu-Au-Mo ± Ag NAK Project, Amarc Resources Ltd.'s DUKE Project, and HDI Quartz Mountain's Cu Porphyry Jake Project.

The JJB area has geology similar to that of the deposits found in the Bear Lake Corridor. Three main copper showings have been identified on the property: Squingula, Quin, and Pat. The Squingula and Quin showings are located near an Eocene intrusion on the west side, characterized by a coincident magnetic high. This magnetic high is surrounded by a low that corresponds with an iron oxide anomaly, potentially indicative of a porphyry target. Both the intrusion and the magnetic and iron oxide signatures are associated with a multi-element geochemical anomaly identified through limited sampling. Mineralization appears to be influenced by major northwest-trending structures and east-west cross structures, with known mineralization occurring at the intersections of these structures.

In 2025, exploration work at the JJB will focus on expanding the geochemical anomalies within the gossanous magnetic low surrounding the magnetic high. Priority will be given to an airborne magnetic survey, along with prospecting and soil sampling.

Details on the JJB Property can be found in the JJB Property Technical Presentation and in the Properties section of the Company website at www.finlayminerals.com .

SAY PROPERTY:

Lying 4 km south of Finlay's new JJB Property, work continues on the SAY Property, which has recently been expanded with additional staking to the north and south. The SAY Property now totals 26,202 hectares. The SAY Property was acquired in 2024, and an inaugural field program focused on chip sampling and mapping along the 4.3-kilometer-long SPUR Trend. This led to the discovery of the AG Zone and confirmed the continuity of high-grade Cu-Ag mineralization in the East Breccia Zone.

The SPUR is a high-grade Cu-Ag structural vein and breccia target that extends for 4.3 km along the north-northwest Tsaytut Spur ridge * .

The SHEL target area is a Cu-Mo porphyry identified through historic mapping and drilling. SHEL mineralization is reported to be associated with veining and breccias within quartz-feldspar porphyry dikes and lies on the western margin of an unexplored 3 km x 2 km magnetic high * . Historical assays and airborne magnetic data indicate the potential for the expansion of known mineralization in these two target areas.

In 2025, exploration work at the SAY will aim to expand the mineralized footprint of the SPUR and SHEL targets through geological mapping, soil sampling, and an airborne magnetic survey.

Details on the SAY Property, can be found in the SAY Property Technical Presentation and in the Properties section of the Company website at www.finlayminerals.com .

References:

*	Refer to finlay minerals ltd. News Release # 11-24 dated October 3, 2024 entitled: " Finlay Minerals has completed its Inaugural Field Program at the High-Grade Copper-Silver SAY Property " available on SEDAR at www.sedarplus.ca.

Qualified Person:

Wade Barnes , P. Geo. and Vice President, Exploration for Finlay Minerals and a qualified person as defined by National Instrument 43-101, has approved the technical content of this news release.

About finlay minerals ltd.

Finlay is a TSXV company focused on exploration for base and precious metal deposits with five 100%-owned and operated properties in northern British Columbia . In addition to the JJB & SAY Properties, the Company holds the:

PIL Property , which covers 13,374 ha in the heart of the Toodoggone region, has numerous porphyry Cu-Au ± Ag targets and associated epithermal Au-Ag mineralization. Exploration on the PIL Property is fully funded for 2025 with the signing of an Earn-In-Agreement with Freeport-McMoRan (Refer to news release FYL NR03-25 entitled: "Finlay Minerals Enters into Earn-In Agreements with Freeport for its PIL & ATTY Properties ". ) The PIL is neighboured by Amarc Resources and Freeport-McMoRan's joint venture JOY Project and TDG Gold Corporation's Shasta/Baker and Sofia Properties. The PIL Property is also 25 km northwest of Centerra Gold's past-producing Kemess South Mine and 15 km east of Thesis Gold's Lawyers Project.
ATTY Property covers 3,875 ha of sub-alpine terrain in the southern Toodoggone region. Exploration on the ATTY Property is also full-funded for 2025 with the signing of an Earn-In-Agreement with Freeport-McMoRan in April 2025.The Toodoggone is a northwest-trending belt of Triassic to Jurassic arc terranes that hosts numerous significant porphyry Cu-Au ± Ag and associated epithermal Au-Ag deposits. The ATTY Property is in between and contiguous to Centerra Gold's Kemess Project and the joint-venture JOY Project held by Amarc Resources and Freeport-McMoRan. The ATTY Property KEM target has similarities to the Kemess North Trend, which hosts the Kemess Underground and Kemess East deposits.
Silver Hope Property covers 21,322 ha and surrounds the past-producing Equity Silver Mine in the prospective Skeena Arch region of central B.C. The Silver Hope contains the Main Trend which is a >2 km Cu-Ag-Au mineralized trend with mineralization starting at surface. West of the Main Trend is the West Cu-Mo Porphyry which is also mineralized starting from surface. The Property hosts a network of forestry roads and trails and has all-year access from Houston, BC .

Finlay trades under the symbol "FYL" on the TSXV and under the symbol "FYMNF" on the OTCQB. For further information and details, please visit the Company's website at www.finlayminerals.com

On behalf of the Board of Directors,

Robert F. Brown
President, CEO & Director

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

Forward-Looking Information: This news release includes certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements in this news release include statements regarding, among others, the exploration plans for the JJB and SAY Properties. Although Finlay 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 forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay's proposed transactions and programs on reasonable terms, and the ability of third-party service providers to deliver services in a timely manner. 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. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.

SOURCE finlay minerals ltd.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2025/23/c5360.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Copper pipes laid on top of each other in bundles.

5 Best-performing Copper Stocks on the TSX in 2025

Over the past year, copper prices have reached record highs on two occasions, with the most recent instance being on March 26, when the metal soared to US$5.26 per pound.

These high prices stem from an increasingly tight copper market, driven by rising demand from population growth and migration in the global south, as well as growing pressures from the energy transition.

This situation is compounded by a limited number of greenfield projects that would introduce new deposits, as opposed to brownfield projects that merely extend the life of existing mines.

The first quarter of the year also witnessed some panic buying, as traders moved inventories into the US in anticipation of tariff-related price increases. Interest in companies developing US copper mines has increased as well as new US President Donald Trump looks to expedite critical metals projects.

Against that backdrop, how have TSX-listed copper companies performed? Learn about the top five best-performing copper stocks in 2025 by year-to-date gains below. Data for this article was retrieved on April 7, 2025, using TradingView's stock screener, and only companies with market capitalizations greater than C$50 million are included.

Keep reading...Show less

Finlay Minerals Enters into Earn-In Agreements with Freeport for its PIL & ATTY Properties

Finlay Minerals Ltd.( TSXV: FYL) (OTCQB: FYMNF) ("Finlay" or the "Company") announces that the Company has entered into two definitive earn-in agreements (the "Earn-In Agreements") with Freeport-McMoRan Mineral Properties Canada Inc. ("Freeport"), a wholly owned subsidiary of Freeport-McMoRan Inc. (NYSE: FCX), pursuant to which it has granted Freeport separate options to earn an 80% interest in its PIL and ATTY Properties (the "Properties") in the Toodoggone District of northern British Columbia.

Highlights

Keep reading...Show less

Aranjin Resources Announces Promising Drilling Results at the Sharga Copper Project

Overview

Company Highlights

In this article

Next US copper mine: Copper mines under construction

Next US copper mine: Mines being restarted

Next US copper mine: Copper mines in the permitting stage

1. Northern Dynasty Minerals (TSX:NDM)

2. Arizona Sonoran Copper Company (TSX:ASCU)

3. Imperial Metals (TSX:III)

4. Gunnison Copper (TSX:GCU)

5. St. Augustine Gold and Copper (TSX:SAU)

FAQs for investing in copper

Is copper a good investment in 2024?

What is copper used for?

How to invest in copper?

How to invest in a copper ETF?

How is copper priced?

How is copper processed?

Where is copper mined?

Latest News

Latest Press Releases

Related News

TOP STOCKS