copper

Posts, updates and videos about copper – updated automatically.

Aben Intersects Additional, Shallow High-Grade Gold Mineralization at the North Boundary Zone of the Forrest Kerr Project in BC’s Golden Triangle

Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) (the “Company”) announces that additional analytical results have been received from the early-stage drilling at the 23,000 hectare Forrest Kerr Property (the “Property”) located in the Golden Triangle region of British Columbia. The eight drill holes reported here consist of step-out drilling at the North Boundary Zone and most of the holes intersected shallow, high-grade gold mineralization. Highlights include: 5.08 g/t Au over 12.0m in hole FK18-12; 23.3 g/t Au over 2.0m in hole FK18-13; and 10.62 g/t Au over 3.0m in hole FK18-17. To date, final analytical results have been received for 3,000m of a total projected 10,000m (table of values and hole descriptions near end of release).

Golden Triangle, B.C., claims map:
https://www.abenresources.com/site/assets/files/4287/fk-003.jpg

This step-out drilling has successfully expanded the North Boundary Zone along an interpreted NE-SW trend from the high-grade gold mineralization reported last year in holes FK17-04, 05, and 06 as well as in previously reported FK18-10 which intersected 38.7 g/t Au over 10.0m from 114.0m – 124.0m depth including 62.4 g/t Au over 6.0m (see news release dated August 9, 2018). Several discrete zones of Au-Ag-Cu-Zn mineralization were encountered in all eight drill holes reported here and the multiple mineralized horizons illustrate the strong potential for further discovery of precious metal bearing structures on the Property.

Highlights:

  • Hole FK18-12 returned 5.08 g/t Au over 12.0m (40.0m – 52.0m depth), including 24.25 g/t Au over 2.0m (42.0m – 44.0m depth)
  • Hole FK18-13 returned 23.3 g/t Au over 2.0m (106.0m – 108.0m depth)
  • Hole FK18-17 returned 3.18 g/t Au over 15.0m (232.0m – 247.0m depth) including 11.02 g/t Au over 2.0m (239.0m – 241.0m depth), as well as 31.40 g/t Au over 1.0m (261.0m – 262.0m depth)
  • North Boundary Zone remains open in all directions
  • 36 drill holes completed to date with assays pending for 27 of these holes which were drilled using Oriented Core Drilling techniques
  • Drilling continues as part of an expanded program
  • Broad soil geochemical anomaly over 4 km in length and continues to yield new discoveries (i.e.: recently-announced South Boundary Zone where final assays are still pending)
  • New airborne geophysical survey reveals numerous untested target areas

Jim Pettit, President and CEO of Aben Resources stated, “These high-grade step-out holes at North Boundary have expanded the zone which is open in all directions and confirm the presence of a robust mineralizing system in the area. Based on the geochemical and new geophysical data available to us we can clearly see the potential of the area that now includes the North Boundary Zone, the historic Noranda hole 230 meters to the south and the South Boundary Zone another 1.5 kilometers further south. Given the complex geology, we started using Oriented Drill Core techniques after these eight holes reported here which will help in identification of orientation and structure as well as to delineate additional high-grade mineralization. The target areas in and around the Boundary Zones are relatively shallow and continue to provide strong discovery potential as we have only systemically tested a very small area at shallow depths. The Company is awaiting additional assay results from 27 holes, three of which are from South Boundary and the rest from the North Boundary Zone. This new high-grade discovery is still in its early days and with this increased drill program there will be news for some time to come.  I would also like to welcome Eric Sprott as a new major shareholder and thank him for his support.  The Company now has just over $7 million in the treasury from financings and the exercise of warrants. “

Complete assays for the three holes collared 1.5 km south at the South Boundary Zone are still pending. The South Boundary Zone had never been drill-tested and the newly discovered mineralization is encouraging considering the distance between the collar locations in the North and South Boundary Zone. The ground between and beyond the two zones is highly prospective for further discovery of gold and copper-bearing horizons given that they are located within a large gold-in-soil and rock anomaly in similar lithologies. The ubiquitous nature of the veining and widespread alteration regimes indicates that a strong and extensive hydrothermal system operated throughout time across the Boundary Zone. The broader soil geochemical anomaly that covers both the North and South Boundary Zones extends for over 4 km north to south and 1.5 km east to west.

Boundary Area Soil Geochemical map:
https://abenresources.com/site/assets/files/4855/abn_new_boundary_map.jpg

Aben has also just completed a 355 line-kilometer airborne Magnetic survey over the entire Boundary Zone with results expected by the end of September. The interpreted results of the survey are expected to greatly assist in identifying fault structures that have good potential to host high-grade precious metal mineralization in the Boundary valley. Mineralization at Boundary is structurally controlled and hosted in a package of volcanic and volcaniclastic rocks from the Jurassic Hazelton Group. Several generations of quartz and quartz-carbonate veining are important hosts to mineralization, as are subordinate breccia zones with strong chlorite, hematite and carbonate alteration. The Boundary Zones lie between the Forrest Kerr Fault to the west, a major deep-seated crustal feature, and the unconformable contact between the Jurassic Hazelton Group and the Triassic Stuhini Group to the East. The rock reflects a prolonged history of strong hydrothermal activity combined with brittle deformation. The Boundary host package Hazelton rocks are also known to be a prolific host to several deposits throughout the region. The North Boundary area shows very little outcrop exposure and contains complex geology which is disrupted by a series of faults of unknown orientation. All additional drilling is implementing Oriented Core Drilling techniques which will aid in determining true thicknesses and establishing structural and lithologic controls to mineralization.

Table of Assay Results:

Hole IDFrom (m)To (m)Interval (m)Au (g/t)Cu (ppm)
FK18-11334.0337.03.02.09923
incl336.0337.01.04.5517
  
FK18-1240.052.012.05.081993
incl40.046.06.08.783965
incl41.045.04.013.035907
incl42.044.02.024.2511575
FK18-13106.0108.02.023.30350
FK18-14no significant results
FK18-15hole lost at 61.5m
FK18-16303.0307.04.03.132219
incl303.0304.01.06.95
FK18-17232.0247.015.03.18598
incl238.0243.05.05.60570
incl239.0241.02.011.02169
260.0263.03.010.627562
incl261.0262.01.031.4019750
283.0284.01.08.229110
FK18-18233.0237.04.04.022317
incl234.0236.02.06.993985
*all assay values are uncut and intervals reflect drilled intercepts true thicknesses and orientations of the various zones is currently not known

North Boundary Plan View Drill map:
https://www.abenresources.com/site/assets/files/4299/abn_north_boundary_plan_2_map_sept__2018.jpg

Summary of Drilling:

FK18-11: same pad as FK18-10 at a steeper angle
Several intercepts > 1.0 g/t Au were encountered (high 4.55 g/t) throughout its 402m length

FK18-12: collar location 40 meters NE of FK18-10 & 11
Collared in mineralization at 12.0m (3.5 g/t Au) with a shallow zone between 40-52m that returned 5.1 g/t Au over 1.0m including 34.3 g/t Au over 1.0m

FK18-13: collar location same as above
Mineralization at or near top returned between 1-3 g/t Au with a high of 23.3 g/t Au over 1.0m at 106m depth

FK18-14 & 15: collar location 50m SW of FK18-10 & 11
Both holes encountered broken and faulted ground conditions that were poorly mineralized and in the case of FK18-15 lost at 61m

FK18-16: collar location as above at steeper dip (-65)
Narrow zones of low grade (<1 g/t) gold mineralization near top with a strong sulfide horizon at 300m that returned 1.7 g/t Au over 8.0m

FK18-17 & 18: collar location 185m SW of FK18-10 and drilled opposite direction (northward)
FK18-17 (-45) pierced a 15.0m zone that tested 3.2 g/t Au with an intercept of 31.4 g/t Au 20m below this zone (240m depth)
FK18-18 (-50) hit the same zone of above with 4.0 g/t Au over 4m.

Link to additional Cross Section and Plan View maps:
https://www.abenresources.com/projects/photo-gallery/

Analytical and QA/QC Description:

All 1- or 2-meter drill core samples were delivered to ALS Global prep facility in Terrace, British Columbia where they were crushed until 70% passed a 2mm sieve, then a 250g split was pulverized until better than 85% passed a 75-micron screen. Gold was tested via fire assay method Au-ICP21 with all ore-grade samples (>10 g/t) undergoing fire assay with gravimetric finish. ALS performed multi-element ICP-AES package ME-ICP41 in their Vancouver facility to test for 35 other elements. In addition to the quality assurance and quality control program performed by ALS, Aben personnel insert lab certified standards, field blanks and duplicates into the sample stream at the rate of one QA/QC sample in every 10 samples.

Cornell McDowell, P.Geo., V.P. of Exploration of Aben Resources, has reviewed and approved the technical aspects of this news release and is the Qualified Person as defined by National Instrument 43-101.

About Aben Resources:

Aben Resources is a Canadian gold exploration company developing projects in British Columbia’s Golden Triangle, the Yukon, and Saskatchewan. The Company is actively exploring its flagship and high-grade Forrest Kerr Project located in the Golden Triangle region where recent drilling has discovered strong precious and base metal mineralization at the North Boundary Zone.

For further information on Aben Resources Ltd. (TSX-V: ABN), visit our Company’s web site at www.abenresources.com.

ABEN RESOURCES LTD.

“Jim Pettit”
____________________________
JAMES G. PETTIT
President & CEO

For further information contact myself or:
Don Myers
Aben Resources Ltd.
Director, Corporate Communications
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@abenresources.com

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.

This release includes certain statements that may be deemed to be “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management 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. The Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.

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Enforcer Gold accelerates earn-in at Roger gold-copper project

Enforcer Gold Corp (“Enforcer” or the “Company”) (TSX-V: VEIN) (FSE: N071) is pleased to inform its shareholders that the Board of Directors has agreed to accelerate its earn-in schedule on the Roger gold-copper project, for which it recently announced an updated mineral resource estimate. The project is advantageously located 5 km north of the historic mining center Chibougamau, Quebec, has all-season road access and is crossed by a power line that serviced the past-producing Troilus Mine. Enforcer is earning a 50% interest in the project from project operator, SOQUEM.

President and CEO Steve Roebuck, comments:

“Based on the favourable results of the updated resource estimate, Enforcer has decided to accelerate the earn-in phase of its option agreement by financing a Phase 2 diamond drilling program set to commence in September 2018. Planning is in progress and details of the upcoming program will be announced shortly.

The new resource estimate is a significant milestone for the Company and comes after investing in a 3,068 m drill program. We are very pleased of how far the project has advanced in the 8-month period since entering the option agreement. The Company is fully funded to cover the Phase 2 program which in turn will meet its year 2 spending obligation of $750,000.

I’d like to add that our working relationship with SOQUEM has been excellent; they bring a wealth of knowledge and experience to the table and are a very efficient operators. We look forward to the next steps in Roger’s development.”

Pit-Constrained Mineral Resource Estimate on the Mop-II Gold-Copper Deposit – July 4, 2018

Category

AuEq

Cut-off (g/t)

Tonnes

AuEq

(g/t)

Contained AuEq

(oz)

Au

(g/t)

Contained Au

(oz)

Indicated

0.45

11,143,000

1.05

377,000

0.92

331,000

Inferred

0.45

8,676,000

1.31

365,000

1.07

298,000

Note: Details of the 2018 mineral resource estimate are provided in the Company’s press release dated August 28, 2018. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

On January 11, 2018, Enforcer announced that it had signed an agreement with SOQUEM to acquire a 50% interest in the Roger project by spending $2 million on work programs and issuing 1 million shares over a three-year period. Enforcer completed its first year $500,000 financial commitment by financing the Phase 1, 3,068 m diamond drilling program, which was designed to validate certain historic drilling and determine if mineralization continued at depth. Results of the program exceeded expectations, intersecting very consistent mineralization throughout each hole and in most cases with grades and widths exceeding the historical results (June 20, 2018 press release).

Following recent discussions with project operator SOQUEM, it was decided to accelerate the commencement of the Phase 2 exploration program starting in September 2018. The Company is fully funded to meet its Year 2 obligations of $750,000.

About SOQUEM

SOQUEM Inc., a subsidiary of Ressources Québec, is a leading player in mineral exploration with its mission to explore, discover and develop mining properties in Quebec. SOQUEM has participated in more than 350 exploration projects and contributed to major discoveries of gold, diamonds, lithium and other mineral commodities in Quebec.

About Enforcer Gold Corp

Enforcer Gold Corp is a Canadian-based mineral exploration company and is earning a 50% interest in the royalty-free Roger project from SOQUEM. Roger hosts the Mop-II gold-copper deposit located 5 km from the historic mining center of Chibougamau, Quebec. To date, 58,000 m of diamond drilling have been completed at Roger property and underground exploration undertaken in 1988 included 1,177 m of development and over 1,000 m of chip sampling. Enforcer also holds a 100% interest in the Waswanipi gold project located 125 km west of Chibougamau. Both projects are situated within the prolific Abitibi greenstone belt, which has produced over 180 M oz. of gold and over 450 M tonnes of copper-zinc ore since the early 1900s.

Enforcer’s VP Exploration, Antoine Fournier, PGeo, is a Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the content of this news release.

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.

This news release contains “forward-looking statements” that are based on expectations, estimates, projections and interpretations as at the date of this news release. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “suggest”, “indicate” and other similar words or statements that certain events or conditions “may” or “will” occur, and include, without limitation, statements regarding the Company’s plans with respect to the exploration of its Roger project, the exploration potential and analogous deposit potential of the Roger project and the timing of the Company’s exploration programs. Such 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 such forward-looking statements. Such risks and other factors may include, but are not limited to, the results of exploration activities; the ability of the Company to complete further exploration activities; the ability of the Company to complete transactions on terms announced; timing and availability of external financing on acceptable terms and those risk factors outlined in the Company’s Management Discussion and Analysis as filed on SEDAR. Enforcer Gold does not undertake to update any forward-looking information except in accordance with applicable securities laws.

SOURCE Enforcer Gold

For further information: please visit www.enforcergold.com or contact: Steve Roebuck, President & CEO T: (647) 496-7984, C: (905) 741-5458, E: contact@enforcergold.com

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Aben Resources, Ltd. President and CEO, Jim Pettit, Joins Everett Jolly on Uptick Newswire’s “Stock Day” Podcast

Uptick Newswire today announced Aben Resources, Ltd. CEO, Jim Pettit’s interview on Uptick Newswire’s Stock Day podcast.

“Since your last visit to our show the Company was trading around $0.09, it is now trading between $0.18 and $0.19 and trading good volume.  Can you tell me about the results of drilling last year?” asked Jolly.

“We drilled about 2,500 meters last year,” said Pettit.  “It turned out to be nine holes.  We hit a pretty significant structure, 21 gram gold, 28 gram silver and 3% copper.  The whole mineralized zone is well over 300 meters, so it is a very broad-based zone that has very high grade cores.”

“The Company’s most recent project is the Forrest Kerr Project in a region in British Columbia called the Golden Triangle,” said Jolly.  “Where they began an 18-hole project.”

To listen to the full interview please click here to the following link: https://upticknewswire.com/featured-interview-ceo-jim-pettit-of-aben-resources-ltd-otcqb-abnaf-2/

About Aben Resources:
Aben Resources is a Canadian gold exploration company developing projects in British  Columbia’s Golden Triangle, the Yukon and Saskatchewan.
Aben Resources has approx. 81.1 million shares issued and outstanding with approx. $3.1 million in its treasury.

For further information on Aben Resources Ltd. (TSX-V:ABN), visit our Company’s web site at www.abenresources.com.
ABEN RESOURCES LTD.
“Jim Pettit”

JAMES G. PETTIT
President & CEO
For further information contact myself or:
Don Myers
Aben Resources Ltd.
Director, Corporate Communications
Telephone: 604-639-3851
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@abenresources.com

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.

This release includes certain statements that may be deemed to be “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management 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. The Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.

About Uptick Newswire and the “Stock Day Podcast”
Uptick Newswire is a private company reaching out to the masses keeping investors and shareholders up to date on company news and bringing transparency to the undervalued, undersold, micro-cap stocks of the market and is the sole producer of the Uptick Network “Stock Day” Podcast. The Uptick Network “Stock Day” Podcast is an extension of Uptick Newswire and has recently launched the Video Interview Studio located in Phoenix, Arizona.

Investors Hangout is a proud sponsor of Stock Day and Uptick Newswire encourages listeners to visit Aben Resources, Ltd. message board on: https://investorshangout.com/

Source: Uptick Newswire

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Great Infographic on Copper

Over at the Visual Capitalist, Jeff Desjardins has a fact filled infographic up on copper. More specifically, the fact that copper demand is going to soar in the face of the need to build grid capacity, power electric cars and generally move towards an all electric future.

Worth the time to take a look

Copper: Driving the Green Energy Revolution

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Copper Crunch?

Over at mining.com there is an intriguing story about a looming copper supply deficit:

“The situation looks even worse when considering that over 200 copper mines currently in operations will reach the end of their productive life before 2035, Sampson said on Monday.

Only if every single copper project currently in development or being studied for feasibility is brought online before then, including most discoveries that have not yet reached the evaluation stage, the market could meet projected demand, the consultant said.”

Read the whole thing

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Grizzly Discoveries Enters LOI to Purchase Cobalt-Copper-Silver Claims in Southeastern British Columbia

Edmonton, Alberta–(Newsfile Corp. – March 27, 2018) – Grizzly Discoveries Inc. (TSXV: GZD) (OTC Pink: GZDIF) (FSE: G6H) (“Grizzly” or the “Company”) is pleased to announce that it has entered into a Letter of Intent (“LOI”) with a private group (the “Vendors”) to purchase the Cobalt-Copper-Silver “Robocop Property”, located within the Fort Steele Mining District in southeastern British Columbia.

The Robocop Property (the “Property”) is located in southeastern British Columbia, approximately 45 kilometres (km) south of Fernie and 70 km southeast of Cranbrook, and is immediately north of the Canada-USA border. The Property is comprised of 5 mineral claims totalling 9,891 acres. The property is located east of Grizzly’s Greenwood Property in southeastern British Columbia.

Areas with significant historic cobalt-copper-silver (Co-Cu-Ag) in soil anomalies have been identified on the Robocop Property. Additionally, historic drilling during the 1990’s (Teck Explorations Ltd.) and early 2000’s (Ruby Red Resources) has yielded grades of up to 0.18% Co, 0.28% Cu, 4.1 parts per million (ppm) Ag over 1 m core length (Pighin, 2009) and 0.134% Co, 1.19% Cu and 33.8 ppm Ag over 1.23 m core length (Thomson, 1990) for individual core samples. The Co-Cu-Ag mineralization is hosted in Sheppard Formation and is classified as Proterozoic sediment hosted mineralization. Grizzly believes that significant potential exists to expand the known extent of the known Co-Cu-Ag mineralization on the Property and further exploration is warranted.

Under the terms of the LOI, Grizzly would acquire a 100% interest in the Robocop Property subject to a 3% net smelter royalty (“NSR”) by issuing to the Vendors 2,000,000 units, with each Unit consisting of one common share of Grizzly and one transferrable share purchase warrant. Each warrant will entitle the holder to acquire one further share of GZD at an exercise price of $0.14 for a period of 3 years from the date of issuance.

The Property carries a 3% NSR and, under the terms of the LOI, Grizzly has the right to purchase up to 2% of the NSR (down to 1% NSR) within two years after the delivery of a positive Feasibility Study for the Property, for the amount of $1,500,000.

Pursuant to signing the LOI, the Company will conduct due diligence and work to enter into a definitive agreement to complete the transaction. The definitive agreement is subject to approvals by the Board of Directors and acceptance by the TSX Venture Exchange.

Brian Testo, CEO of Grizzly, commented, “We have been able to negotiate a favourable purchase of 100% interest in the Robocop Property, which we believe will provide an excellent cobalt exploration opportunity for Grizzly. It is in the same region of BC as our Greenwood Property, where we have excellent relationships with the First Nations, and years of operating experience. We feel that the historic sampling and drill results are very significant, and that this Property has excellent potential for the discovery of a Co-Cu-Ag deposit. Our first step will be to undertake exploration including an airborne survey and drilling leading to an initial resource estimate.”

Click this link for: Signature Video with Grizzly CEO Brian Griz Testo

ABOUT GRIZZLY DISCOVERIES INC.

Grizzly is a diversified Canadian mineral exploration company with its primary listing on the TSX Venture Exchange with 58.7 million shares issued, focused on developing its precious metals properties in southeastern British Columbia, and significant Potash and Diamond assets in Alberta. The Company holds, or has an interest in: over 180,000 acres of precious-base metal and cobalt properties in British Columbia; metallic and industrial mineral permits for potash totalling more than 60,000 acres along the Alberta-Saskatchewan border, and more than 161,000 acres of properties which host diamondiferous kimberlites in the Buffalo Head Hills region of Alberta.

The technical content of this news release and the Company’s technical disclosure has been reviewed and approved by Michael B. Dufresne, M. Sc., P. Geol., P.Geo., who is the Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.

On behalf of the Board,

Grizzly Discoveries Inc.
Brian Testo
President
(780) 693-2242

For further information, please visit our website at www.grizzlydiscoveries.com or contact Investor Relations:

Nancy Massicotte
IR PRO COMMUNICATIONS
 INC.
Tel: 604-507-3377
Toll Free: 1-866-503-3377
Email: ir@grizzlydiscoveries.com
www.irprocommunications.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.

Caution concerning forward-looking information

This press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as “may,” “will,” “should,” “anticipate,” “plan,” “expect,” “believe,” “estimate,” “intend” and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Grizzly in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Grizzly’s actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon.

Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management’s Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. Grizzly disclaims any obligation to update or revise any forward-looking information or statements except as may be required by law.

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AbraPlata Announces Issuance of Stock Options

AbraPlata Resource Corp. (“AbraPlata” or the “Company”) (TSX-V:ABRA) (OTCPK:ABBRF) (Frankfurt:1AH) announces that a total of 1,125,000 incentive stock options have been granted to directors, officers, employees and consultants of the Company. The stock options have an exercise price of CAD$0.20 per share and are exercisable for a period of five years from the date of grant. The stock options vest 25% immediately, 25% after six months, 25% after twelve months and 25% after eighteen months.

About AbraPlata

AbraPlata is a junior mining exploration company focused on delivering shareholder returns by unlocking mineral value in Argentina.  The Company’s experienced management team has assembled an outstanding portfolio of gold, silver and copper exploration assets, and is focused on advancing its flagship Diablillos silver-gold property, with an indicated resource of 80.9M oz Ag and 732k oz Au, through the various stages of feasibility.  In addition, AbraPlata owns the highly prospective Cerro Amarillo property with its cluster of five mineralized Cu-(Mo-Au) porphyry intrusions located in a mining camp hosting the behemoth El Teniente, Los Bronces, and Los Pelambres porphyry Cu-Mo deposits. Further exploration work is also planned for the Company’s Samenta porphyry Cu-Mo property, located south of First Quantum’s TacaTaca project, as well as its Aguas Perdidas Au-Ag epithermal property.

ON BEHALF OF THE BOARD
ABRAPLATA RESOURCE CORP.

Willem Fuchter”

Willem Fuchter
President and Chief Executive Officer

For further information concerning this news release, please contact:

Willem Fuchter
President & Chief Executive Officer
AbraPlata Resource Corp.
Tel: +54.11.5258.0920
E-mail: willem@abraplata.com
Rob Bruggeman
Investor Relations
AbraPlata Resource Corp
Tel: +1.416.884.3556
Email: rob@abraplata.com

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. All statements that address future plans, activities, events or developments that the Company believes, expects or anticipates will or may occur are forward-looking information. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

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.

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Infographic: The coming copper shortage

Our friends at Western Copper and Gold have a mountain top of copper and gold in the Yukon. Billions of pounds of copper, millions of ounces of gold. It is a 2 billion CAPEX project which makes sense when copper is selling above $3.50.

They have commissioned Visual Capitalist to make an infographic about the looming copper shortage – and price rise by implication.

Take a minute to look at the infographic.

The only thing that’s missing in this infographic is the projected demand from India and from rapidly industrializing countries like Malaysia, Indonesia and Thailand. Where ever electricity is being brought to industry and the masses there will be a huge demand for copper. For the last two decades, China has dominated demand. That will change as emerging economies electrify.

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Crown Mining Corp. Completes Purchase of Moonlight Property

Crown Mining Corp. (TSXV: CWM) (“Crown” or “the Company”) is pleased to announce that it has exercised its option to acquire and completed the purchase of a 100% undivided right, title and interest in its Moonlight property (the “Property”) located in Plumas County in northeast California, USA.

The option agreement was entered into with Canyon Copper Corp in February 2016 (see press release dated February 29, 2016) providing the Company with the option to acquire the Property at any time on or before the 36-month anniversary of the agreement.  Pursuant to the terms of the agreement, from the date of the agreement until the closing of the acquisition, total cash consideration of $375,000 was paid by the Company to the vendors along with 2,750,000 shares of Crown issued to the vendors. The final payment of $350,000, which is included in the total cash consideration of $375,000, was paid by Crown into escrow on February 26, 2018 pending completion of the recording of the transfer documentation.

The Moonlight property consists of 208 unpatented mining claims covering approximately 4000 acres subject to an underlying 2.5% net smelter returns royalty. All claims have been transferred to Crown and recorded in Crown’s name at the Bureau of Land Management and in the Plumas County records office.

Other Recent News about Crown

Crown just recently released the results of a Preliminary Economic Assessment (“PEA”) prepared by Tetra Tech Inc on March 2, 2018 regarding the Company’s Moonlight Copper Project.

The PEA was prepared pursuant to National Instrument 43-101 standards by independent consultant, Tetra Tech Inc., and the full technical report will be filed on SEDAR within 45 days of this news release.

The full news release can be found on both the company’s website at www.crownminingcorp.com or on www.sedar.com under the Crown Mining Corp. profile.

About Crown Mining Corp.

Crown controls approximately 15 square miles of patented and unpatented federal mining claims in the Light’s Creek Copper District in Plumas County, NE California; essentially, the entire District. The District contains substantial copper (silver) sulfide and copper oxide resources in three deposits — Moonlight, Superior and Engels, as well as several partially tested and untested exploration targets.

The Superior and Engels Mines operated from about 1915-1930 producing over 161 million pounds of copper from over 4 million tons of rock containing 2.2% copper with silver and gold credits. The Moonlight Deposit was discovered and drilled by Placer Amex during the 1960’s.

Further details of the resources on Crown’s property and the parameters used to calculate them can be found in the Technical Report on the Superior Project dated November 7, 2014 filed on Sedar.com. Additional historical resource estimates are also disclosed in these reports.

Mr. George Cole is the Qualified Person pursuant to NI 43-101 responsible for the technical information contained in this news release, and he has reviewed and approved this news release.

For more information please see the Crown website at www.crownminingcorp.com.

For Further Information Contact:

Mr. Stephen Dunn, President, CEO and Director, Crown Mining Corp. (416) 361-2827 or email info@crownminingcorp.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 press release.

This press release contains forward-looking statements within the meaning of applicable Canadian and U.S. securities laws and regulations, including statements regarding the future activities of the Company. Forward-looking statements reflect the current beliefs and expectations of management and are identified by the use of words including “will”, “anticipates”, “expected to”, “plans”, “planned” and other similar words. Actual results may differ significantly. The achievement of the results expressed in forward-looking statements is subject to a number of risks, including those described in the Company’s management discussion and analysis as filed with the Canadian securities regulatory authorities which are available at www.sedar.com. Investors are cautioned not to place undue reliance upon forward-looking statements.

This news release shall not constitute an offer to sell or solicitation of an offer to buy the securities in any jurisdiction. The common shares will not be and have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements.

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Copper with a Low CAPEX: Crown Mining

Whenever a company comes out with a PEA I always look at the CAPEX first. The fact is that, regardless of the size of the resource, the estimated mine life or the internal rate of return, the CAPEX number gives a good first approximation of whether a project is actually feasible.

513 Million dollars is the CAPEX of Crown Mining’s (V.CWM) Moonlight Copper Project located in Plumas County, California. A big number but relatively minimal in the context of copper mine CAPEXs which often run over 1.5 billion and up.

In the release, Crown’s President & CEO, Stephen Dunn stated, “The Company is very encouraged with the results of the PEA as they support the concept that the Moonlight Project can be developed as a profitable mining operation at current copper prices. The current study only focuses on the Moonlight deposit and does not factor in the other two deposits or the several untested exploration targets on our property. Additional exploration success at Moonlight and the inclusion of these other deposits could have a significant influence on the size, value and timing of the overall development plan as we move forward.”

Speaking with Dunn, a bit of the background of the surprisingly low CAPEX emerged. “A lot of the infrastructure is already available at the property,” said Dunn. “Roads, power, water are all in place and those are expensive if you have to build them. The terrain itself is also very favourable and the deposit is right at surface which means that the strip ratio is quite low. That, plus the positive metallurgy that we reported in January, makes for a very economic operation at today’s copper prices. But, from the investor perspective, the word “California” with all of its regulatory and environmental implications is sometimes mentioned as  bit of a drawback. Dunn thinks it shouldn’t be.

“This is a very mining friendly part of the state, said Dunn. “And in California, the county is the lead agency in the permitting process. The election of Trump has also helped on both the regulatory and on the tax front.”

Dunn is not shy about the plan for the property. “This is an option on copper. It makes economic sense at the present price of copper. By doing the PEA we’ve shown that the project makes economic sense and should be looked at.”

“When we have tried to talk to the majors in thepast theyy all wanted better data. With this PEA and new and updated block models and metallurgy, we should be able to attract their attention now.

With a 513 million dollar CAPEX even a smaller producer could take on the Crown Mining Midnight Copper Project. At $3.50 copper it would be attractive economically, but if, as many think it will, copper heads up towards $4.00 the project and the company will look like a screaming deal.

Investors look at the market cap rather than the projected CAPEX and here Dunn has done a very good job avoiding dilution of the Crown Mining shares. Even after the company’s last raise it only has 39 million shares outstanding. Those are trading at $0.25 so the market cap remains under 10 million dollars. The shares are fairly closely held and even a glimmer of interest from an acquiring company could send the shares higher. Much higher.

So could a rise in the price of copper.

But while Crown waits for an offer or a price rise, or both, Dunn is not standing still. “This initial PEA is very conservative. It has a 71 million dollar contingency built into the CAPEX. It does not include gold credits and it treats the oxide as waste. With a small drill program we should be able to substantially improve on the economics of our PEA, so We’ll probably do a revision in a year.”

Simply having the PEA on one of the multiple deposits on the Crown Mining land is an important first step. It underscores where work is needed and where savings can be found. It derisks the project overall. Most importantly, it gives Crown Mining the hard data any acquiring company needs to be able to see.
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James West at the Midas Letter made a great video about Crown Mining and copper:

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