Base Metals

Tinka Resources Limited (" Tinka " or the " Company ") ( TSXV:TK)(BVL:TK )( OTCQB:TKRFF ) is pleased to announce the signing of a definitive agreement ( the "Agreement") with BHP World Exploration Inc. Sucursal del Peru (" BHP ") pursuant to which Tinka, through its wholly-owned subsidiary Darwin Peru S.A.C. (" Darwin "), has acquired a 100% interest in the Silvia copper-gold-zinc exploration project (the " Silvia Project "). The Silvia Project consists of 29,500 hectares of mining concessions believed to be prospective for large copper-gold-zinc skarn and porphyry copper deposits, lying immediately adjacent to the Company's 100%-owned Ayawilca zinc-silver project in central Peru. Tinka now controls over 46,000 hectares of contiguous mining concessions in central Peru, one of the world´s most prolific base metal belts - see Figure 1

The Silvia Project lies ~80 km south and along strike of Antamina, one of the largest copper mines in Peru and the world's biggest skarn deposit (beneficially owned by BHP Group 33.75%, Glencore 33.75%, Teck 22.5% and Mitsubishi 10%). The project also lies immediately to the north of the Raura zinc-silver-lead-copper mine (owned by Minsur).

Greenfield exploration by BHP at the Silvia Project has identified copper-gold-zinc mineralization in outcropping skarns at two broad target areas both associated with coincident geophysical anomalies. Neither of these targets have been drill tested. Limestone belonging to the Jumasha Formation, the main host to the Antamina copper-zinc-silver skarn deposit, is widespread throughout the Silvia Project area - see Figure 2.

Key Highlights of the Silvia Copper-Gold Project

  • Acquisition by Tinka of a 100% ownership of 29,500 hectares of contiguous mining concessions located in the Huanuco Andean region of central Peru immediately adjacent to the Company's Ayawilca project;
  • The Silvia Project hosts two priority copper targets with outcropping skarn and coincident copper and geophysical anomalies at ‘Silvia Northwest' and ‘Silvia South' - see Figure 3;
  • At Silvia Northwest, copper-gold-zinc mineralized skarns outcrop over several hectares within three zones (Area A, Area B, Area C) along a 3 kilometre northeast trend associated with diorite and dacitic porphyry. High grade rock chip samples of skarn at Area A grade up to 1.9% copper, 0.9 g/t gold, and 3.9% zinc - see Figure 4;
  • At Silvia South, copper-gold mineralized skarns outcrop over several hectares associated with monzodiorite porphyry with rock samples grading up to 1.4% copper and 0.3 g/t gold associated with magnetic anomalies;
  • Regional and prospect scale datasets are included with the property acquisition. These datasets include:
    • 320 line kilometres of project-wide airborne magnetics;
    • 15 line kilometres of IP geophysical data;
    • 64 line kilometres of ground magnetics; and
    • 661 surface rock chip geochemical results - copper anomalous areas are highlighted in Figure 3.

Dr. Graham Carman, the CEO of Tinka, said: "The Silvia Project acquisition fits in very well with Tinka's vision of exploring for potential world-class base and precious metal discoveries in Peru. Tinka considers the Silvia Project to be highly prospective for large copper skarn and porphyry deposits, and we are thrilled to have acquired this exciting portfolio from BHP right next door to our flagship Ayawilca project. This acquisition triples the size of Tinka's mining concessions in central Peru, turning the Company into one of the largest landholders in this highly mineralized belt. The target limestone at the Silvia Project is the Jumasha Formation which hosts the giant Antamina skarn deposit, while the Ayawilca deposit is hosted by the Pucara limestone."

"Tinka plans to move forward with the exploration for copper at the Silvia Project while work progresses at the Ayawilca zinc-silver project and specifically the preliminary economic assessment (" PEA "). Given the close proximity to Ayawilca, Tinka's exploration team can access the copper targets at the Silvia Project from our existing camp facilities, simplifying logistics and minimizing exploration costs."

"Tinka remains firmly committed to creating value through mineral exploration in Peru, and we believe that mining will continue to be a mainstay of the country´s economy and development in the future. We also believe that we will continue to advance our exploration projects while working together constructively with our stakeholders. We look forward to commencing our field programs at the Silvia Project as soon as possible."

Terms of the Silvia Project Acquisition

  • 100% of the right and title of 35 granted mining concessions (plus 2 applications) to be transferred to Darwin;
  • Darwin has made a one-time cash payment to BHP. No other milestone payments are required;
  • BHP retains a 1% NSR royalty over the Silvia Project, which may be repurchased by Darwin;
  • Darwin is required to keep all mining concessions in good standing, with BHP retaining the right of first refusal on any mining concession that Darwin wishes to relinquish.

Silvia Project Target Details

Silvia Northwest target

At Silvia Northwest, three areas of outcropping copper mineralization occur along a northeast-southwest trend encompassing a broad area of approximately 3.0 km by 1.0 km, each area referred to as Areas A, B, and C respectively - see Figure 3. Copper mineralization is associated with skarn alteration of Upper Cretaceous Jumasha Formation limestone and various intrusive and sub-volcanic rocks including diorite and dacitic porphyry. Coincident magnetic anomalies are interpreted to reflect the underlying intrusive rocks and, possibly, magnetite or pyrrhotite associated with the mineralization.

At Area A, previous exploration identified copper-bearing skarn mineralization over a surface area of approximately 0.4 km by 0.2 km associated with altered dacitic porphyry. The skarn consists mostly of garnet and pyroxene accompanied by chlorite, biotite, quartz and magnetite. Sulphide minerals include chalcopyrite, pyrite, pyrrhotite, chalcocite and rare bornite. Copper oxide (malachite) is common. Copper values from 13 rock chip samples of skarn and altered porphyry at Area A range from 0.02% to 1.90% Cu; Gold values range from

At Area B, skarn alteration outcrops sporadically over an area of approximately 0.7 km by 0.7 km associated with quartz diorite and porphyritic andesite dikes. Extensive areas of white and grey marble surround the intrusive and skarn rocks. Fine grained hornfels alteration interpreted to be caused by thermal metamorphism is associated with silty limestone of the younger Celendin Formation in the axis of a synclinal fold. Copper values from 28 rock chip samples of skarn at Target B range from 0.02% to 1.09% Cu; Gold values range from

At Area C, copper-bearing skarn occurs in sporadic outcrops over a surface area of approximately 0.5 km by 0.3 km together with outcrops of diorite and dacitic porphyry. Garnet skarn has been mapped around the contact of dacitic porphyry surrounded by a wide area of white and grey marble. Copper values from 13 rock chip samples from outcrop of skarn at Target C range from

Silvia South target

At Silvia South, skarn alteration is exposed in numerous sporadic outcrops along a northeast-southwest trend within an area of approximately 3.7 km x 0.8 km associated with outcropping diorite and monzodiorite porphyry. Garnet and pyroxene skarns are associated with minor sulphides (pyrite, chalcopyrite) and sporadic malachite.

Copper values from 23 samples of outcropping skarn at Silvia South range from

Figure 1. Selected mining concession holdings in central Peru highlighting Tinka's Ayawilca and Silvia Projects

Figure 2. Map of major limestone formations in central Peru highlighting Tinka's Ayawilca and Silvia Projects

Figure 3. Silvia Project rock chip copper geochemistry (on airborne magnetic analytic signal image)

Figure 4. Maps of the Silvia Northwest target area at same scale.

  1. Simplified geological map.
  2. Analytical signal magnetic anomalies (note: hot colours are the modelled locations of the magnetic sources)

On behalf of the Board,

"Graham Carman"
Dr. Graham Carman, President & CEO

Investor Information:
www.tinkaresources.com

Rob Bruggeman 1.416.884.3556
rbruggeman@tinkaresources.com

Company Contact:
Mariana Bermudez 1.604.699.0202
info@tinkaresources.com

About Tinka Resources Limited
Tinka is an exploration and development company with its flagship property being the 100%-owned Ayawilca zinc-silver-tin project in central Peru. The Zinc Zone deposit has an estimated Indicated mineral resource of 11.7 Mt grading 6.9% zinc, 15 g/t silver & 0.2% lead and an Inferred mineral resource of 45.0 Mt grading 5.6% zinc, 17 g/t silver & 0.2% lead (dated November 26, 2018). The Tin Zone has an estimated Inferred mineral resource of 14.5 Mt grading 0.63% tin (dated November 26, 2018). A Preliminary Economic Assessment (PEA) for the Zinc Zone was released on July 2, 2019 ( news release ). The Company has announced its intention to update the resource estimation and PEA by the end of 2021.

Forward Looking Statements: Certain information in this news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws (collectively "forward-looking statements"). All statements, other than statements of historical fact are forward-looking statements. Forward-looking statements are based on the beliefs and expectations of Tinka as well as assumptions made by and information currently available to Tinka's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations: timing of planned work programs and results varying from expectations; delay in obtaining results; changes in equity markets; uncertainties relating to the availability and costs of financing needed in the future; equipment failure, unexpected geological conditions; imprecision in resource estimates or metal recoveries; success of future development initiatives; competition and operating performance; environmental and safety risks; the Company's expectations regarding the Ayawilca Project PEA; the political environment in which the Company operates continuing to support the development and operation of mining projects; risks related to negative publicity with respect to the Company or the mining industry in general; the threat associated with outbreaks of viruses and infectious diseases, including the novel COVID-19 virus; delays in obtaining or failure to obtain necessary permits and approvals from local authorities; community agreements and relations; and, other development and operating risks. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein. Although Tinka believes that assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. Except as may be required by applicable securities laws, Tinka disclaims any intent or obligation to update any forward-looking statement.

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

SOURCE: Tinka Resources Ltd.



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Polymet Mining Corp.

Polymet Mining Corp.

PolyMet Mining Corp is engaged in the exploration and development of natural resource properties. The company's primary mineral property is the NorthMet Project, which is a polymetallic project in northeastern Minnesota, USA. The company ultimately plans to produce metals such as copper, nickel, cobalt, platinum, palladium, and gold.

Trevali Reschedules Second Quarter 2022 Financial Results and Conference Call

Trevali Mining Corporation ("Trevali" or the "Company") (TSX: TV) (BVL: TV) (OTCQX: TREVF) ( Frankfurt : 4TI) today announced that the filing of its second quarter 2022 operating and financial results for the period ended June 30, 2022 and the accompanying conference call and webcast has been rescheduled.

Trevali Mining Corporation Logo (CNW Group/Trevali Mining Corporation)

The operating and financial results for the first quarter are now expected to be released on Monday, August 15, 2022 after the Toronto Stock Exchange market close.

Q2-2022 Financial and Operational Results Conference Call and Webcast

The Company will host a conference call and webcast presentation at 1:00PM Eastern Time ( 10:00AM PT ) on Tuesday, August 16, 2022 to review the operating and financial results. Participants are advised to dial-in five minutes prior to the scheduled start time of the call. A presentation will be made available on the Company's website prior to the conference call.

Conference call dial-in details:

Date: Tuesday, August 16, 2022 at 1:00 PM Eastern Time
Dial-in: Toll-free ( North America ): (+1) 888 886 7786
International: (+1) 416 764 8658
Conference ID 80735055
Webcast: https://www.gowebcasting.com/11979

About Trevali Mining Corporation

Trevali is a global base-metals mining Company headquartered in Vancouver, Canada . The bulk of Trevali's revenue is generated from zinc and lead concentrate production at its three operational assets: the 90%-owned Perkoa Mine in Burkina Faso , the 90%-owned Rosh Pinah Mine in Namibia , and the wholly owned Caribou Mine in northern New Brunswick, Canada . In addition, Trevali owns the Halfmile and Stratmat Properties and the Restigouche Deposit in New Brunswick, Canada . Trevali also owns an effective 44% interest in the Gergarub Project in Namibia . The Company's growth strategy is focused on the exploration, development, operation, and optimization of properties within its portfolio, as well as other mineral assets it may acquire that fit its strategic criteria. Trevali's vision is to be a responsible, top-tier operator of long-life, low-cost mines in stable pro-mining jurisdictions. Trevali is committed to socially responsible mining, working safely, ethically, and with integrity. Integrating responsible practices into its management systems, standards, and decision-making processes is essential to ensuring everyone and every community's long-term sustainability.

The shares of Trevali are listed on the TSX (symbol TV), the OTCQX (symbol TREVF), the Lima Stock Exchange (symbol TV), and the Frankfurt Exchange (symbol 4TI). For further details on Trevali, readers are referred to the Company's website ( www.trevali.com ) and to Canadian regulatory filings on SEDAR at www.sedar.com .

SOURCE Trevali Mining Corporation

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2022/05/c5066.html

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Newmont Corporation

Newmont Corp is primarily a gold producer with operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, and Ghana. It is also engaged in the production of copper, silver, lead and zinc. The company's operations are organized in five geographic regions: North America, South America, Australia, Africa and Nevada.

Trevali Secures Credit Approval for $110 Million Senior Debt Facility for Rosh Pinah Expansion

Trevali Mining Corporation ("Trevali" or the "Company") (TSX: TV) (BVL: TV) (OTCQX: TREVF) ( Frankfurt : 4TI) is pleased to announce that it has received credit approval from Standard Bank of Namibia Limited and The Standard Bank of South Africa Limited (together, "Standard Bank") for a Senior Secured Financing Facility of $110 million to fund the expansion of the Company's Rosh Pinah Mine ("Rosh Pinah" or the "Mine") in Namibia . All amounts in this release are in U.S. dollars unless otherwise indicated.

Trevali Mining Corporation Logo (CNW Group/Trevali Mining Corporation)

"Project financing for the Rosh Pinah expansion (" RP2.0 ") has been steadily progressing for the past several months, and we are pleased to report the confidence in the Rosh Pinah operation and expansion that is reflected by Standard Bank's credit approval and strong endorsement of the RP2.0 project," said Ricus Grimbeek, President and CEO of Trevali.

"The expansion at Rosh Pinah is the primary focus for Trevali in the coming years and we look forward to working with Standard Bank as a supportive lender that has intimate knowledge about the Rosh Pinah Mine, the expansion plan, and long-term operating success that has been achieved since mining began in 1969."

Credit approval follows the execution of a mandate agreement with Standard Bank in March of this year and completion of legal and technical due diligence of the Rosh Pinah Mine and the RP2.0 project, including a site visit to the operation.

Closing of the Senior Secured Financing Facility is subject to a number of conditions, including the negotiation and settlement of definitive loan facility and security documentation, the execution and delivery of definitive documentation in respect of the other elements of the comprehensive financing package, including an intercreditor agreement between Standard Bank and the various subordinated secured lenders, and the consent of and release of existing security by Trevali's existing senior secured lenders. While the Company is progressing these various workstreams, there is no certainty that the conditions set out in the Standard Bank credit approval will be satisfied in a timely manner or at all.

The Company is continuing to pursue the arrangement of an Export Credit Agency ("ECA") backed equipment finance facility, which may increase the amount available under the Senior Secured Financing Facility by up to $20 million .

As previously announced, negotiations for other components of the comprehensive funding package for RP2.0 and the refinancing of both the existing corporate revolving credit facility and Glencore loan facility, which mature in September 2022 , are ongoing, and the Company expects to provide a further update on these initiatives in due course.

The Company is being advised on the debt financing by Endeavour Financial. Blake, Cassels & Graydon LLP is acting as legal counsel to the Company with support from the H.D. Bossau & Co. law firm in Namibia . Notwithstanding the above arrangement with Endeavour Financial and Standard Bank, the Company continues to consider all available financing options.

About Endeavour Financial Limited (Cayman)

Endeavour Financial, with offices in London, UK, George Town, Cayman Islands and Vancouver, British Columbia , is one of the top mining financial advisory firms, with a record of success in the mining industry, specializing in arranging multi-sourced funding solutions for development-stage companies. Founded in 1988, Endeavour Financial has a well-established reputation of achieving success with over US$500 million in royalty and stream finance, US$5.4 billion in debt finance and US$28 billion in mergers and acquisitions. The Endeavour Financial team has diverse experience in both natural resources and finance, including investment bankers, geologists, mining engineers, cash flow modelers and financiers.

About Trevali Mining Corporation
Trevali is a global base-metals mining Company headquartered in Vancouver, Canada . The bulk of Trevali's revenue is generated from zinc and lead concentrate production at its three operational assets: the 90%-owned Perkoa Mine in Burkina Faso , the 90%-owned Rosh Pinah Mine in Namibia , and the wholly owned Caribou Mine in northern New Brunswick, Canada . In addition, Trevali owns the Halfmile and Stratmat Properties and the Restigouche Deposit in New Brunswick, Canada . Trevali also owns an effective 44% interest in the Gergarub Project in Namibia . The Company's growth strategy is focused on the exploration, development, operation, and optimization of properties within its portfolio, as well as other mineral assets it may acquire that fit its strategic criteria. Trevali's vision is to be a responsible, top-tier operator of long-life, low-cost mines in stable pro-mining jurisdictions. Trevali is committed to socially responsible mining, working safely, ethically, and with integrity. Integrating responsible practices into its management systems, standards, and decision-making processes is essential to ensuring everyone and every community's long-term sustainability.

The shares of Trevali are listed on the TSX (symbol TV), the OTCQX (symbol TREVF), the Lima Stock Exchange (symbol TV), and the Frankfurt Exchange (symbol 4TI). For further details on Trevali, readers are referred to the Company's website ( www.trevali.com ) and to Canadian regulatory filings on SEDAR at www.sedar.com .

Cautionary Note Regarding Forward-Looking Information and Statements
This news release contains "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, "forward-looking statements"). Forward-looking statements are based on the beliefs, expectations and opinions of management of the Company as of the date the statement are published, and the Company assumes no obligation to update any forward-looking statement, except as required by law. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects", "outlook", "guidance", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. Forward-looking statements relate to future events or future performance and reflect management's expectations or beliefs regarding future events including, but not limited to, statements with respect to the financing of the RP2.0 project, including with respect to the credit approval obtained by Standard Bank for the Senior Secured Financing Facility and the expected commercial terms of such facility, the terms and conditions of Standard Bank's credit approval, including the negotiation and execution of definitive loan and security documentation, the potential arrangement of an ECA-backed equipment finance facility and the ability of same to increase credit availability under the Senior Secured Financing Facility, the other components of the comprehensive financing package being sought by the Company for RP2.0 and to refinance the Company's existing secured debt facilities, including the status and anticipated timing with respect to such components. By their very nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to the Company's financing efforts, including that the Company may not enter into the Senior Secured Finance Facility on the terms contemplated by the Standard Bank credit approval, or at all; that the ECA-backed equipment finance facility, or other planned components of the comprehensive financing package being sought by the Company, will not be available on terms acceptable to the Company, or at all; that the Company's efforts to finance RP2.0 and refinance the existing secured debt prior to its maturity in September 2022 may ultimately prove unsuccessful; dependence on key personnel; labour pool constraints; labour disputes; increased operating and capital costs; foreign currency exchange rate fluctuations; operating in foreign jurisdictions with risk of changes to governmental regulation; compliance with governmental regulations; compliance with environmental laws and regulations; maintaining ongoing social license to operate; impact of climatic conditions on the Company's mining operations; limitations inherent in our insurance coverage; litigation; and other risks of the mining industry including, without limitation, other risks and uncertainties that are more fully described in the Company's annual information form, interim and annual audited consolidated financial statements and management's discussion and analysis of those statements, all of which are filed and available for review under the Company's profile on SEDAR at www.sedar.com . Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Trevali provides no assurance that forward-looking statements will prove to be accurate, as actual results and future events may differ from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

SOURCE Trevali Mining Corporation

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zinc metal

Zinc Price Update: H1 2022 in Review

Click here to read the previous zinc price update.

Zinc prices rose steadily last year as demand rebounded following the easing of COVID-19 restrictions and supply tightened on the back of the energy crisis.

The base metal performed in an upward trend during the first three months of 2022, hitting its highest point in the second quarter at the US$4,500 per metric ton (MT) mark.

With the first half of the year now over, the Investing News Network (INN) caught up with analysts, economists and experts alike to find out what’s ahead for zinc supply, demand and prices.

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Silvercorp Metals Inc.

Silvercorp Metals Inc is a mineral mining company. It acquires, explores, develops, and mines precious and base metal mineral properties at its producing mines and exploration and development projects in China. The group produces silver, gold, lead, and zinc.

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