Copper

Copper Mineralization Confirmed at Cresta Verde

C3 Metals Inc. (TSXV: CCCM) (OTCQB: CUAUF) ("C3 Metals" or the "Company") is pleased to provide an update on its drilling programs at the Montaña de Cobre zone and the Cresta Verde zone located at the Jasperoide skarn porphyry project in southern Peru. Assays are reported for a further seven holes drilled on section lines JAS2800 (3 holes), JAS2900 (one hole) and JAS2600 (three holes).

Drilling Highlights:

  • Significant copper-gold mineralization intersected on all three lines at the Montaña de Cobre zone

JAS2800-01

    • 48.2m @ 1.24% Cu and 0.43 g/t Au from 83.0m
      including 14.13m @ 2.98% Cu and 1.08 g/t Au from 107.1m
    • An epithermal style feeder structure assayed 1.73m @ 13.95 g/t Au from 25.9m

JAS2600-03

    • 98.68m @ 0.38% Cu and 0.21 g/t Au from 52.67m

JAS2900-01

    • 73.0m @ 0.41% Cu and 0.17 g/t Au from 152.8

The Company is also pleased to report highly encouraging assays from inital scout drilling of a large-scale coincident magnetic and induced polarization (IP) chargeability anomaly at Cresta Verde zone. Broad intervals of sulphide copper mineralization is hosted within a large body of massive sulphide.

JAS4350-02

    • 43.5m @ 0.32% Cu from 260.0m, including 24.85m @ 0.45% Cu from 266.55m

JAS4350-03

    • 66.3m @ 0.21% Cu from 261.7m, including 13.80m @ 0.31% Cu from 262.9m and 22.2m @ 0.30% Cu from 302.6m

Kevin Tomlinson, President & CEO of C3 Metals commented,

"As we continue to delineate the high-grade copper-gold oxide skarn deposit at the Montaña de Cobre Zone, the Company is also pleased to report highly encouraging initial sulphide drilling results from the Cresta Verde Zone.  Our drilling continues to identify vectors that support our interpretation that a porphyry is the driving force for the extensive hydrothermal Cu-Au system at Jasperoide, which include mineralized fragments of the suspected causative intrusion, coarse molybdenite in massive and semi-massive sulphides and high-sulfidation feeder structures.

We have confirmed that Jasperoide is a multi-kilometre scale mineralized system with at least two prospective skarn horizons.  The extensive copper mineralization at Jasperoide is developed immediately adjacent to the intersection of two major regional faults that are interpreted to transect Hudbay's Constancia mine, 35km to the southeast and the Las Bambas Mine 40km to the west.

The delineation of primary sulphide mineralization at the Cresta Verde zone associated with important regional controls to two large copper deposits in the district bodes well for the ongoing program we have underway at Jasperoide."

A total of 38 drill holes have been completed to date for 10,393m with drilling now progressing on line JAS2500 at the Montaña de Cobre zone (Figure 1).



Figure 1: Map Showing Drill Collar Locations and Copper in Soil Geochemistry

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/2661/107458_7dfc5dc0e4f7c836_001full.jpg

Drilling continues to expand high-grade copper-gold oxide mineralization that is hosted in a shallow dipping skarn body at the Montaña de Cobre zone. Drilling on lines JAS2800 and JAS2900 confirms that oxide copper-gold mineralization extends a further 150m northwest of line JAS2750, where the Company reported 229.45m @ 0.99% Cu and 0.43 g/t Au from surface in hole JAS2750-05 (Press release dated September 30, 2021). Likewise, drilling on line JAS2600 confirms that mineralization extends a further 50m southeast of line JAS2650, where the Company reported 53.24m @ 3.11% Cu and 0.46 g/t Au from 92.6m in JAS2650-05 (Press release dated May 25, 2021, Table 1). The Montaña de Cobre zoneskarn system remains open in all directions.

Five holes completed on lines JAS4350 and JAS4050 as part of the maiden scout drilling at the Cresta Verde zone intersected broad zones (+200m) of intensely skarn altered carbonate rocks of the Ferrobamba Formation, a hydrothermal breccia with 50-90% sulphides and an altered intrusive complex. Pervasively skarn altered rocks contain 5-30% sulphides comprising pyrrhotite > pyrite ± chalcopyrite and the intrusive complex is locally strongly endoskarn altered. As previously reported, (Press release dated September 30, 2021) JAS4350-02 intersected a hydrothermal breccia containing massive sulphides (50-90%) with visible chalcopyrite mineralization. Assays confirm low to moderate grade copper sulphide mineralization in four of the five holes drilled, which tested the upper area of a large-scale coincident magnetic and IP chargeability anomaly (Table 2).

Montaña de Cobre Zone Drilling

Drilling on lines JAS2800 and JAS2900 demonstrates that high-grade copper-gold mineralization intersected on line JAS2750 continues to the northwest. Drill holes JAS2800-01, 02 and 03 and JAS2900-01 all intersected broad zones of strongly oxidized garnet diopside and magnetite skarns. Secondary copper species dominate the mineralization style and comprise malachite, chrysocolla and azurite (Figure 2). Historical drill hole H-02 is located a further 110m northwest of JAS2900-01 and is collared near to section line JAS3050. H-02 intersected 60.93m @ 0.68% Cu1 from 16m depth, confirming that high-grade oxide copper-gold mineralization continues northwest, proximal to the important structural intersection zone of the Benoni and Constancia Faults (Figure 1).



Figure 2: (Left) JAS2800-01 (118.3m). Sample interval 117.9 - 119.1 (1.2m) assayed 6.59% Cu and 1.88g/t Au showing chrysocolla and interstitial malachite in oxidized skarn. (Right) JAS900-01 (83.18m). Sample interval 82.75 - 83.85 (1.1m) assayed 0.34% Cu and 0.27g/t Au in oxidized magnetite skarn.

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/2661/107458_c3figure2.jpg

The Company drilled three holes from line JAS2600, which is located 50m southeast of line JAS2650. JAS2600-01, 02 and 03 intersected broad widths of strongly oxidized garnet-diopside and magnetite skarn alteration that contains malachite, chrysocolla and azurite. Historical drill hole HU-12 is collared 50m southeast of line JAS2600 and intersected 54.0m @ 0.20% Cu1 from 60m depth. Current and historical drill data therefore confirms that copper oxide mineralization continues further southeast.

Significant assays from the Montaña de Cobre zoneholes are included in the table below.

Table 1. Significant drilled intercepts at the Montaña de Cobre Zone

HoleFromToLengthCu
(%)
Au
(g/t)
Ag
(g/t)
Mineralization
Style
JAS2600-0125.5079.1253.620.280.121.41Skarn

88.7898.069.280.180.060.69Skarn

124.85142.7017.850.460.232.39Skarn
JAS2600-0223.2052.7129.510.300.151.03Skarn

60.1073.2013.100.390.221.37Skarn

78.70106.5027.800.200.070.60Skarn
JAS2600-0332.9046.9514.050.280.192.78Skarn

52.67151.3598.680.380.212.29Skarn

156.85162.805.950.180.530.60Skarn

191.40193.131.730.1413.954.58Epithermal

194.70206.1711.470.240.090.60Skarn

230.75265.3734.620.210.090.54Skarn

268.30287.8019.500.390.100.69Skarn - Sulphide

308.62313.004.380.690.200.70Skarn - Sulphide
JAS2800-0116.3026.139.830.290.462.43Skarn
Including25.9026.130.230.2713.652.47Epithermal

57.8564.406.550.340.033.18Skarn

69.2074.104.900.280.141.34Skarn

83.00131.2048.201.240.431.82Skarn
Including107.07121.2014.132.981.083.65Skarn
JAS2800-023.0010.257.250.330.103.41Skarn

19.2050.9031.700.390.092.06Skarn

56.4063.006.600.33NSA1.62Skarn
JAS2800-0336.0058.0022.000.350.210.94Skarn

58.0078.6020.600.210.535.20Epithermal
JAS2900-010.0012.8512.850.210.160.89Skarn

41.2062.5521.350.230.060.86Skarn

75.75101.4025.650.250.080.83Skarn

152.80225.8073.000.410.171.69Skarn

 

Notes:

  1. Significant intercepts reported as length-weighted averages exceeding 0.15% Cu and 0.10g/t Au, with
  2. Copper is uncut.
  3. True width of downhole intersections reported are estimated to be approximately 60-90% of the downhole lengths.

Cresta Verde Zone Drilling

The 2021 airborne magnetic and ground IP surveys completed over the Jasperoide area defined a large-scale coincident magnetic and IP chargeability anomaly at the Cresta Verde zone. Modelling and inversion of the geophysics data indicates the magnetic and IP chargeability anomalies strengthen with depth and this area was therefore tested by five drill holes (JAS4350-01, 02 and 03 and JAS4050-01 and 02) for a total of 2,742.3 metres.

The first hole, JAS4350-01, drilled northeast (065° azimuth) and intersected a multiphase intrusive complex that is considered geologically significant with respect to the hydrothermal plumbing system at the Cresta Verde zone. No significant copper assays were reported from this hole.

JAS4350-02 drilled southwest (245° azimuth) and bisected the coincident magnetic and IP chargeability anomaly, which measures 1,200m by 600m. Moderate to strong skarn alteration with 5-30% sulphides (pyrite and pyrrhotite dominant) was intersected from 125 to 260m depth, followed downhole by a hydrothermal breccia to 310m depth. The breccia zone contains 40 - 90% sulphides that are dominated by pyrrhotite and pyrite, which is overprinted by late-stage chalcopyrite and molybdenite mineralization. Downhole from the breccia is equigranular diorite cut by millimetre to metre-scale pyrrhotite veins with chalcopyrite along vein selvages. The best assays include 43.5m @ 0.32% copper (from 260.0m) and 51.65m @ 0.12% Cu (from 313.8m). Figure 3 shows the interpreted cross section through JAS4350-01 and 02.

JAS4350-02 tested the upper area of a coincident anomaly and intersected significant intervals of pervasive garnet-diopside-magnetite skarn alteration with up to 90% pyrrhotite and pyrite and with visible chalcopyrite mineralization. The JAS4350-02 drill collar is approximately 700 metres northwest of historical drill hole JADD11-20 which tested the southern extent of the anomaly and intersected 23.5m of 1.86% Cu1 from 19m downhole.



Figure 3: Cross section showing interpreted geology for JAS4350-01 and 02.

To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/2661/107458_c3figure3.jpg

Significant assays from the Cresta Verde zone holes are included in Table 2.

Table 2. Significant drilled intercepts at the Cresta Verde Zone

HoleFromToLengthCu
(%)
Mineralization Style
JAS4050-01185.80240.3554.550.13Skarn - Sulphide
JAS4050-02230.00241.3011.300.10Skarn - Sulphide

269.80276.006.200.28Skarn - Sulphide

292.70339.0046.300.15Skarn - Sulphide

354.30363.909.600.10Skarn - Sulphide

382.90387.404.500.13Skarn - Sulphide

393.20400.407.200.17Skarn - Sulphide

461.90466.955.050.22Skarn - Sulphide
JAS4350-01No Significant AssaysIntrusive Complex
JAS4350-02157.90169.7011.800.17Skarn - Sulphide

178.15196.2518.100.20Skarn - Sulphide

260.00303.5043.500.32Sulphide Breccia Zone
Including266.55291.4024.850.45Sulphide Breccia Zone

313.80365.4551.650.12Sulphide Breccia Zone

397.90414.5016.600.17Diorite - Sulphide

641.70651.509.800.15Diorite - Sulphide
JAS4350-0384.5092.808.300.65Skarn - Sulphide

121.00126.505.500.11Skarn - Sulphide

135.05141.206.150.30Skarn - Sulphide

147.30154.557.250.22Skarn - Sulphide

213.55232.7019.150.25Sulphide Breccia Zone

261.70328.0066.300.21Sulphide Breccia Zone
Including262.90276.7013.800.31Sulphide Breccia Zone
Including302.60324.8022.200.30Sulphide Breccia Zone

334.70352.5017.800.13Sulphide Breccia Zone

 

Notes:

  1. Significant intercepts reported as length-weighted averages exceeding 0.10% Cu, with
  2. Copper is uncut.
  3. True width of downhole intersections reported are estimated to be approximately 60-90% of the downhole lengths.

Drilling is progressing at Montaña de Cobre Zone on line JAS2500, testing the southern extension of the oxide copper gold mineralization. Further drilling is planned to the northwest of line JAS2900 and along the eastern margins of the Montaña de Cobre zone. A larger rig is required to test the deeper levels of the Jasperoide skarn/porphyry system, which is expected to commence in Q1 2022.

Summary

The 2021 drilling campaign has confirmed that the mineralized skarn footprint at the Montaña de Cobre zone is over 350m in strike-length, is laterally extensive for up to 500 metres and remains open in all directions. Historical drill data suggests further potential to expand the mineralized footprint to the northwest and southeast, which is the current focus of the drilling program. Ongoing drill hole JAS2500-01 is testing the southeast extension potential of skarn mineralization intersected in JAS2600-03 (98.68m @ 0.38% Cu and 0.21g/t Au from 52.67m). Additional drilling is planned on line JAS2900 and along strike to the northwest, towards the Benoni Fault.

The maiden drill program at Cresta Verde is considered a strong success, with elevated to strongly anomalous copper mineralization intersected in 4 of 5 completed holes. The higher ratios of pyrite and pyrrhotite to chalcopyrite indicate an environment with low- to medium-temperatures, and hence the Company is planning to test below this pyritic zone, to target the central plumbing system of the interpreted copper-gold skarn/porphyry system.

References for Historical Data

1Data retrieved from Hochschild Mining's database and internal reports. Hochschild was operator of the Jasperoide Project from 2011 to 2012 and completed two drill programs. C3 Metals has access to the entire drill database and believes that reporting of the information was to industry standard practice.

For additional information, contact:

Kevin Tomlinson
President & CEO
ktomlinson@c3metals.com

Alec Rowlands
Vice President, Investor Relations
+1 416 572 2512
arowlands@c3metals.com

ABOUT C3 Metals Inc.

C3 Metals Inc. is a junior minerals exploration company focused on creating substantive value for its shareholders through the discovery and development of large copper and gold deposits. The Company's flagship project is the 57km2 Jasperoide high-grade copper-gold skarn and porphyry system located in the prolific Andahuaylas-Yauri Porphyry-Skarn belt of Southern Peru. Mineralization at Jasperoide is hosted in a similar geological setting to the nearby major mining operations at Las Bambas (MMG), Constancia (Hudbay) and Antapaccay (Glencore). C3 Metals also holds a 100% interest in five licenses covering 207 km2 of highly prospective copper-gold terrain in Jamaica and an interest in two porphyry copper-gold properties within the Cascade Magmatic Arc in southwestern British Columbia: a 100% ownership in the Mackenzie project covering 125 km2 and a 2% royalty in Tocvan's Rogers Creek project.

Related Link: www.c3metals.com

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.

QP Statement

Stephen Hughes, P.Geo. is Vice President Exploration and a Director for C3 Metals and is a Qualified Person as defined by National Instrument 43-101. Mr. Hughes has reviewed the technical information in this news release and approves the written disclosure contained herein.

Technical Program

C3 Metals adheres to a strict QA/QC protocol for core handling, sampling, sample transportation and analyses. Chain-of-custody protocols are designed to ensure security of samples until their delivery at the laboratory.

Half core samples are analysed by 4-Acid digest ICP-MS finish for 60 elements, including pathfinder REE elements with pulps from samples reporting greater than 1.0% copper being re-assayed by the ore grade method. Gold is analysed by 30g Fire Assay AAS finish, with pulps from samples reporting greater than 5ppm re-assayed by 1kg Screen Fire Assay. The Company inserts blanks and certified reference standards in the sample sequence for quality control.

COVID-19 Protocols

The Company continues to implement its COVID-19 safety protocols at site to ensure the safety of employees and the communities surrounding the Jasperoide project area.

Caution Regarding Forward Looking Statements

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to, among other things, the exploration operations of the Company and the timing which could be affected by the current global COVID-19 pandemic. Those assumptions and factors are based on information currently available to the Company. Although such statements are based on reasonable assumptions of the Company's management, there can be no assurance that any conclusions or forecasts will prove to be accurate.

While the Company considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect. Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined, risks relating to variations in grade or recovery rates, risks relating to changes in mineral prices and the worldwide demand for and supply of minerals, risks related to increased competition and current global financial conditions and the COVID-19 pandemic, access and supply risks, reliance on key personnel, operational risks, and regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks.

The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/107458

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C3 Metals

C3 Metals

Overview

Copper is now referred to as “the new oil” and the “metal of the future” because its durability, recyclability and superior conductivity make it a valuable resource as the world transitions towards sustainability. Electric vehicles (EVs) contribute to a more sustainable future and copper is a major component in the production and use of green mobility. In the US alone, 7 million EVs will be required by 2025. As the world travels the road to sustainable energy, the demand for copper increases.

Copper prices surged in late 2020, which reached US$6,800 per MT, the best rate since June 2018. The trend has continued into 2021, with prices rising 11 percent in Q1, in line with commodities surging across the board.

C3 Metals Inc. (TSXV:CCCM,OTCQB: CUAUF) is an ambitious exploration company focused on creating shareholder wealth through the identification, acquisition, and exploration of large-scale copper-gold exploration opportunities in mining-friendly jurisdictions like Peru, which is recognized as the second-largest copper exporter in the world.

C3’s most exciting venture is their acquisition of the Jasperoide project, covering 57 square meters in the heart of ‘elephant country’ in Southern Peru. This project is located just 50km from notable copper-gold deposits like Las Bambas (1.2 BT at 0.61 percent Cu), Constancia (534 MT at 0.31 percent Cu) and Haquira (569 MT at 0.56 Cu). Additionally, past exploration results have revealed that high-grade mineralization exists at the surface, containing 14g/t gold and 18.5 percent copper in rock chips.

Preliminary drilling on the Jasperoide project has already provided good news for the company. According to a May 2021 press release, “Results from seven holes on the first drill section intersected broad zones of high-grade copper-gold mineralization within a larger low-moderate grade envelope. The drill program will now proceed to its planned 10,000m looking to expand the near-surface copper-gold footprint.”

Another advantage of the Jasperoide project is the fact that the initial infrastructure is already in place. This should simplify the logistical processes required to ramp up future production. In addition to Jasperoide, the company has 100 percent control over five mineral exploration licenses covering 207 square kilometers of highly prospective copper-gold terrain in Jamaica.

C3 Metals also operates in Jamaica, a country that is recognized as a diverse mining region that boasts unique mineralogy. Historically, Jamaica was best known as a producer of bauxite, but more recently, has seen the discovery of gold and copper porphyry occurrences. C3 Metals’ early entry into Jamaica means it should benefit from first-mover advantage and be best positioned to capitalize on these opportunities.

One of the company’s two BC copper – gold projects is under JV to Tocvan Ventures (TOC:CSE) who has the ability to earn 80% by spending on exploration and issuing shares. The other project in BC – Mackenzie – is currently available for option or sale.

C3 Metals’ management team has a proven track record of returning value to shareholders. Management brings decades of experience in mineral exploration, resource development and project management, providing the needed industry expertise to oversee complex mining projects.

Company Highlights

  • C3 Metals is an ambitious exploration company focused on creating shareholder wealth through the identification, acquisition, and exploration of large-scale copper-gold exploration opportunities in mining-friendly jurisdictions.
  • The company’s flagship project is the acquisition of the Jasperoide project, covering 57 square meters in the heart of ‘elephant country’ in Southern Peru.
  • Preliminary drilling on the Jasperoide project has shown high-grade gold-copper deposits, and the company will move forward with drilling to 10,000 m.
  • The company also has 100 percent control over five mineral exploration licenses covering 207 square kilometers of highly prospective copper-gold terrain in Jamaica.
  • CCCM’s 52-week performance is +230 percent, and the recent confirmation of high-grade mineral deposits in their flagship project means that the strong performance can be expected to continue into the future.
  • C3’s management team has decades of experience in mineral exploration, resource development, and project management. This lends C3 expertise and understanding of the industry which they have leveraged for strategic positioning in Peru and Jamaica.
  • C3 acquired 100 percent of Hochschild Mining PLC’s interest in the Company’s flagship Jasperoide Copper-Gold Project1, Peru held by Compañia Minera Ares S.A.C., a wholly owned subsidiary of Hochschild (the “Acquisition”).

Key Projects

Jasperoide Project

C3’s flagship project is the 57 square kilometer Jasperoide project located in Southern Peru.

Considerable upside potential at Jasperoide lies in the interpreted “STACKED” skarn system with well-developed mineralogic zonation which shows garnet, diopside skarn and magnetite skarn. There is a drill-defined near-surface oxide copper zone, deeper porphyry-style mineralization and intermediate sulphidation vein overprinting. Given the large volume of skarn mineralization seen at Jasperoide, the potential for a very large copper-gold deposit similar in scale to neighboring mines is very high.

Access is by primary and secondary roads from the regional capital of Cusco. The average elevation at the Jasperoide site is 4,300m, located on a gently rolling plateau. Previous exploration has identified copper and gold mineralization in a magnetite skarn with a classic hydrothermal alteration signature of an underlying copper porphyry system.

Mineral Exploration Licenses in Jamaica

C3 Metals Inc. controls 100 percent of five mineral exploration licenses covering 207 square kilometers of highly prospective copper-gold terrain in Jamaica.

Excellent potential at BGP (Bella’s Gate Project) exists for economically viable copper-gold deposits, with porphyry, epithermal, skarn, oxide and copper gold (IOCG) type targets.

The company has identified seven porphyry systems at the Bellas Gate Project where recent drilling has discovered a new zone with the initial drill hole intersecting 339m of 0.34 percent CuEq, including 10m of 1.79 percent CuEq.

New mineral exploration and development is welcome and encouraged by the Jamaican Government. The country has a long history of mining, beginning with the Spanish in the 16th Century, continuing with the British in the 19th Century, and today the modern bauxite industry is still thriving.

Mineral extraction in Jamaica is a very large contributor to the country’s GDP. British-based law, Canadian banking institutions, good infrastructure, and ready access to deep water shipping ports all contribute to a beneficial mining environment.

Management Team

Kevin Tomlinson – President & CEO

Kevin Tomlinson is a Canadian/Australian Structural Geologist and Investment Banker with over 35 years of experience in the exploration, development and financing of mining projects globally, and particularly in the North American, Australasian and European capital markets. Kevin’s diverse career commenced with 15 years in technical and senior exploration management roles predominantly at Plutonic Resources followed by several years as the Managing Director and CEO of ASX listed junior Austminex, and as Head of Research for Hartleys stockbroking in Australia.

For the past 20 years, Mr. Tomlinson has been an effective Resources Investment Banker, M&A advisor and Company Director for some of the most successful junior exploration and development companies globally including Centamin Plc, Orbis Gold, Medusa Mining, Cardinal Resources and Bellevue Gold.

John McNeice, CA, CPA – Chief Financial Officer

John McNeice is a Chartered Professional Accountant registered in Ontario, Canada. Mr. McNeice provides financial consulting and chief financial officer services to emerging private and junior public companies. Presently Mr. McNeice is also CFO of Gold79 Mines Ltd. (TSX-V: AUU) and Northern Graphite Corp. (TSX-V: NGC) where he is responsible for financial and regulatory reporting as well as day-to-day financial management.

From September 2005 to May 2007, Mr. McNeice was Chief Financial Officer of Ur-Energy Inc. (TSX: URE), a uranium exploration and development company. He was a key member of the management team completing the initial public offering on the Toronto Stock Exchange. During Mr. McNeice’s tenure, Ur-Energy raised an aggregate of $150 million in a series of private placements, the IPO and several secondary financings which funded the development and eventual production of uranium at the Lost Creek Project in Wyoming, USA.

Stephen Hughes – VP Exploration

Mr. Hughes is an economic geologist with over 20 years of technical and management experience covering exploration, development and mine geology. Specializing in porphyry copper-gold, skarn and epithermal systems has led to the discovery-delineation and development of more than 2 billion tonnes of copper-gold resources in the Asia-Pacific region since 1999. Steve’s experience includes 12 years with PT Freeport Indonesia at the giant Grasberg mine, both in the open pit and as manager of the underground mine geology and exploration groups and 14 years as Exploration Manager – Indonesia for Oxiana Limited and VP – Exploration for Tigers Realm/Asiamet Resources where his roles have focused on managing the acquisition, exploration and development of Company making Cu-Au opportunities.

Recent successes include the acquisition and development of the Beutong porphyry Cu-Au deposit, as well as the discovery and development of the BKM copper and BKZ polymetallic deposits in Indonesia, all of which are currently being advanced through resource delineation and/or feasibility studies.

Alec Rowlands – VP Investor Relations

Mr. Rowlands has over 25 years of experience in mining finance. He is the former managing director of First Marathon Securities (London) and former Head of Sales for Gordon Capital (NYC). Since 1999, Mr. Rowlands has held several senior finance positions, including with Yorkton Securities, Westwind Partners, Jennings Capital and PowerOne Capital Markets Ltd.

Mr. Rowlands has been an active investor and founding shareholder in several mining ventures, notably Auryx Gold, which was acquired by B2Gold for its Otjikoto project in Namibia in 2011. He is currently Vice-President, Investor Relations and Corporate Development for Cardinal Resources Inc. (TSX: CDV).

Jeffrey Ackert, BSc. – VP Business Development

Mr. Ackert began his career as a regional geologist with St. Joe Minerals, Bond Gold Canada and LAC Minerals in the 1980s. In 1990 he became a mine geologist at LAC Minerals’ Golden Patricia Mine (Barrick Gold Corp after 1994) where he specialized in production and exploration. In 1996 he was appointed VP Exploration for Orezone Resources Inc. focusing on West Africa and was subsequently named VP Technical Services in 2005.

During his time at Orezone, its market cap increased from $2M to over $300M due to resource development of various projects in West Africa including Essakane, Sega and Bondigui in Burkina Faso. Since 2007, Mr. Ackert has been the sole principal of JSA International Geoconsulting and since early 2008 a Director of Advance Gold Corp.

Chris Irwin, B.A., LL.B – Corporate Secretary

Mr. Irwin is a principal of Irwin Lowy LLP, a Toronto-based law firm specializing in Corporate and Securities Law. Between 2004 and 2006, he was associated with Wildeboer Dellelce LLP. From 1998 to 2004, he was associated initially with Boyle & Company and subsequently with Power Budd LLP. Presently Mr. Irwin is a director and/or officer of several public companies. Mr. Irwin was Corporate Secretary for Kinbauri Gold Corp. from 2004-2009.

Mr. Irwin received his Bachelor of Arts from Bishop’s University in Lennoxville, Quebec in 1990 and his Bachelor of Laws from the University of New Brunswick in Fredericton, New Brunswick in 1994. He has been a member of the Law Society of Upper Canada since 1996.

Atico Reports Consolidated Financial Results for First Quarter of 2022

(All amounts expressed in US dollars, unless otherwise stated)

Atico Mining Corporation (the "Company" or "Atico") (TSX.V: ATY | OTC: ATCMF) today announced its financial results for the three months ended March 31, 2022, posting income from mining operations of $9.1 million and a net income of $3.9 million. Production for the period at Atico's El Roble mine totaled 4.7 million pounds ("lbs") of copper and 2,636 ounces ("oz") of gold in concentrate at a cash cost (1) of $1.29 per payable pound of copper (2) .

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Merida Minerals Inc

Merida Minerals Holdings Inc. Announces Re-Assay Results from Its Puebla de la Reina Property in Spain

Merida Minerals Holdings Inc. (TSXV: ESPN) ("Merida" or "the Company") is pleased to announce the results of initial core samples that have been re assayed from its Las Herrerais property, located near the village of Puebla de la Reina in Extremadura, Spain. The samples were procured from the secured facility that is controlled by the Geological and Mining Institute of Spain (Instituto Geologico y Minero de Espana or "IGME") located in Pennaroya, Extremadura. The core represents drilling carried out by IGME and Outukumpu on the Las Herreiras property previously.

The historical drilling was first carried out by IGME, which drilled 1,732.90 metres between 1984 and 1987.
IGME calculated a resource of 300,000 tonnes with grades of 1.6% Cu., 11% Zn., 1.2% Pb and 32 g/t Agi.

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Trilogy Metals Announces Election of Directors and Voting Results from the 2022 Annual Meeting of Shareholders

TSX / NYSE American
Symbol: TMQ

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.

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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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Altiplano Provides Update on Ongoing Decline Advancement and Drilling at Maria Luisa

Altiplano Provides Update on Ongoing Decline Advancement and Drilling at Maria Luisa

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.

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