Latest news with #CopperProject
Yahoo
21-05-2025
- Business
- Yahoo
Oroco Resource Corp. Announces Live Shareholder Townhall
Featuring Executive Chairman, Craig Dalziel and President, Ian Graham VANCOUVER, Canada, May 21, 2025 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO; OTC: ORRCF) ('Oroco' or 'the Company') is pleased to invite shareholders, investors, and members of the public to a live virtual Townhall hosted by the Company's Executive Chairman, Craig Dalziel, and President, Ian Graham. The event will provide a timely update on the Company's latest developments and strategic vision for the Santo Tomás Copper Project, including permitting progress, community engagement, and the next steps in project advancement. Townhall Details: Date: Wednesday, May 28, 2025Time: 8:00 AM – 10:00 AM Pacific Daylight TimeRegistration: During the Townhall, participants will have the opportunity to: - Receive a direct update from Oroco's senior leadership - Ask questions and engage in real-time dialogue - Gain insight into the Company's current initiatives and long-term value strategy This interactive opportunity to engage with management also reflects Oroco's commitment to transparency, stakeholder engagement, and a more detailed understanding of the Company's pathway to value creation. ABOUT OROCO The Company holds a net 85.5% interest in those central concessions that comprise 1,173 hectares 'the Core Concessions' of The Santo Tomas Project, located in northwestern Mexico. The Company also holds an 80% interest in an additional 7,861 hectares of mineral concessions surrounding and adjacent to the Core Concessions (for a total Project area of 9,034 hectares, or 22,324 acres). The Project is situated within the Santo Tomas District, which extends up to the Jinchuan Group's Bahuerachi Project, approximately 14 km to the northeast. The Project hosts significant copper porphyry mineralization initially defined by prior exploration spanning the period from 1968 to 1994. During that time, the Project area was tested by over 100 diamond and reverse circulation drill holes, totaling approximately 30,000 meters. Commencing in 2021, Oroco conducted a drill program (Phase 1) at Santo Tomas, with a resulting total of 48,481 meters drilled in 76 diamond drill holes. The drilling and subsequent resource estimates and engineering studies led to a revised MRE and an updated PEA being published and filed in August of 2024, which studies are available at the Company's website and by reviewing the Company profile on SEDAR+ at The Santo Tomás Project is located within 170 km of the Pacific deep-water port at Topolobampo and is serviced via highway and proximal rail (and parallel corridors of trunk grid power lines and natural gas) through the city of Los Mochis to the northern city of Choix. The property is reached, in part, by a 32 km access road originally built to service Goldcorp's El Sauzal Mine in Chihuahua State. Additional information about Oroco can be found on its website and by reviewing its profile on SEDAR+ at For more information, please contact: Craig Dalziel, ChairmanOroco Resource Corp. Tel: 604-688-6200 Email: info@ Neither TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking Information This news release includes certain 'forward-looking information' and 'forward-looking statements' (collectively 'forward-looking statements') within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact included herein, including, without limitation, statements relating to future events or achievements of the Company, and the use of funds from the Offering, are forward-looking statements. There is no assurance that the proceeds of the Offering will be expended as contemplated. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these matters. Oroco does not assume any obligation to update the forward-looking statements should they change, except as required by law. CONTACT: Christy Fabros Oroco Resource Corp. (604) 688-6200 info@
Cision Canada
24-04-2025
- Business
- Cision Canada
CANTEX PLANS DRILLING FOR GOLD AND SILVER-COPPER IN ADDITION TO COPPER AND MASSIVE SULPHIDE SILVER-LEAD-ZINC-GERMANIUM PROJECTS AT NORTH RACKLA, YUKON, CANADA
KELOWNA, BC, April 24, 2025 /CNW/ - Cantex Mine Development Corp. (TSXV: CD) (OTCQB: CTXDF) (the "Company") is pleased to provide the exploration plans for 2025 on its 100-percent-owned 14,077 hectare North Rackla claim block in the Yukon. Dr. reports Massive Sulphide Silver-Lead-Zinc-Germanium Project Cantex's directors continue to be impressed with the scale and grade of the mineralization at the Massive Sulphide project. Drilling in 2024 brought the drill confirmed strike length to 2.65 kilometres and continued to intersect high grade mineralization such as hole YKDD24-315 which intersected 15 metres of 62 g/t silver, 3.49% lead, 19.38% zinc and 117 g/t germanium (see news release of February 12, 2025). The mineralization is open both along strike and to depth, with the deepest intercept occurring at 700 metres depth where hole YKDD20-163 contained a 23.67 metre true width of 24 g/t silver, 2.31% lead and 5.84% zinc (see news release of December 17, 2020). Drilling this season will focus on further expanding the mineralization. Cantex is also initiating metallurgical test work on the Massive Sulphide mineralization. The coarse grained, high grade nature of the mineralization suggests that concentration on site may not require flotation. This would eliminate hazardous tailings and minimize the environmental impact of mining at North Rackla. Copper Project The Copper Project was discovered by prospecting a soil-talus anomaly on the western side of the North Rackla property. Initial drilling intersected 2.5 metres of 3.93% copper including 1 metre of 7.32% copper (see news release of April 13, 2023). This was followed up with drilling early in the 2024 field season where results included 2.9 metres of 4.54% copper in hole YKDD24-287 (see news release of August 19, 2024). Late in the 2024 season a ground geophysical induced polarization/conductivity survey was completed over the area. This survey detected several strong conductors which we think represent copper mineralization. Drill testing of these anomalies is planned for this summer. Regional Focus Anomalies in North Rackla Cantex's exploration of the North Rackla claim block has identified several other prospective targets worthy of drilling. Structural geologist Chris Buchanan will be on site this summer and will be selecting sites for drilling at the North Gold and G67 gold anomalies and the G14 silver-copper anomaly. Details of these areas are presented below. Northern Gold Area The Northern Gold Area consists of a 120m by 150m area where mineralization occurs within a stromatolitic dolomitic unit that is exposed beneath a sandy bedded dolomitic unit. The Company's previous drilling will aid in defining the structural controls of the mineralization to best test the mineralization. Selected rock samples collected from this area are contained in the following table. G67 Gold Area Anomaly G67 consists of a gold-arsenic soil-talus anomaly approximately 950 metres long and of irregular width of between 40 and 550m (averaging about 200m) underlain by Proterozoic dolostones. Rock samples from this anomaly have contained up to 39.60 g/t gold. Selected samples are presented in the table below (see release dated June 24, 2021). G14 Silver-Copper Anomaly Anomaly G14 is an irregular (990 x 75m) anomaly which contains consistently high silver and copper values. Results (see release of June 24, 2021) from selected rock samples from this anomaly are presented in the table below. Summary Cantex looks forward to a productive drill season on its North Rackla project. Work will be undertaken not only on the advanced Massive Sulphide Project but also selected targets within the broader claim block. These include the Copper Project, the G14 silver-copper anomaly, the G66 gold anomaly and the Northern Gold Area. Sample Preparation The drill holes reported in this press release were drilled using HQ (63.5mm) diamond drill bits. The core was logged, marked up for sampling and then divided into equal halves using a diamond saw on site. One half of the core was left in the original core box. The other half was sampled and placed into sealed bags which were in turn placed into larger bags closed with security seals. Prospecting rock samples were also placed into security sealed bags prior to being transported to the ISO 9001:2015 accredited CF Mineral Research Ltd. laboratory in Kelowna, BC. At CF Minerals the drill core or rock samples were dried prior to crushing to -10 mesh. The samples, which averaged over 3kg, were then mixed prior to splitting off 800g. The 800g splits were pulverized to -200 mesh. A 250g portion of this pulverized material was submitted for multi-element analysis at ALS Chemex in North Vancouver. Quality control procedures included running a barren sand sample through both the crusher and pulveriser between each sample to ensure no inter-sample contamination occurred. Silica blanks were inserted along with certified reference samples. These quality control samples were each inserted approximately every 20 samples. ALS Chemex in North Vancouver assayed the samples using a four-acid digestion with an ICP-MS finish. The 48 element ME-MS61 technique was used to provide a geochemical signature of the mineralization. Where lead or zinc values exceeded one percent the Pb-OG62 or Zn-OG62 techniques were used. These have upper limits of 20% lead and 30% zinc respectively. Samples with lead and zinc values over these limits were then analyzed by titration methods Pb-VOL70 and Zn-VOL50. Where silver samples exceeded 100 g/t the Ag-OG62 technique was used which has an upper limit of 1,500 g/t. For the germanium results completed on bulk core, a portion of the remaining pulverized material from the base metal analysis was analyzed by ALS Chemex in North Vancouver, Canada. The pulverized samples were analyzed using a sodium peroxide fusion followed by an ICP Mass Spectrometer finish on a 0.2g pulverised sample. The technical information and results reported here have been reviewed by Mr. Chad Ulansky a Qualified Person under National Instrument 43-101, who is responsible for the technical content of this release. Signed, Charles Fipke Dr. Charles Fipke, CM Chairman 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. Information set forth in this news release includes forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks identified in the management discussion and analysis section of the Company's interim and most recent annual financial statements or other reports and filings with Canadian securities regulators. Forward looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the respective companies undertake no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.
Globe and Mail
15-04-2025
- Business
- Globe and Mail
Ivanhoe Electric Receives Indication for up to $825 Million in Financing from Export-Import Bank of the United States for Santa Cruz Copper Project
United States Government Support Reinforces Strategic Importance of Santa Cruz Copper Project in Enhancing Domestic Copper Supply Santa Cruz Copper Project Preliminary Feasibility Study on Track for June Completion Project Permitting, Financing, and Detailed Engineering Rapidly Advancing Towards Construction Phoenix, Arizona--(Newsfile Corp. - April 15, 2025) - Ivanhoe Electric Inc. (NYSE American: IE) (TSX: IE) ("Ivanhoe Electric") Executive Chairman Robert Friedland and President and Chief Executive Officer Taylor Melvin are pleased to announce the receipt of a Letter of Interest from the Export-Import Bank of the United States ("EXIM Bank") outlining the potential to provide up to $825 million in debt financing with a 15 year repayment tenor for the development of Ivanhoe Electric's Santa Cruz Copper Project in Arizona through EXIM Bank's Make More in America initiative. EXIM Bank is the official export credit agency of the United States. It is a government agency that offers financial support to companies through means such as direct loans and loan guarantees, working capital guarantees, and export credit insurance. EXIM Bank's Make More in America initiative and its China and Transformational Exports Program are designed to boost United States' competitiveness, strengthen supply chains, and reduce strategic vulnerabilities. The Santa Cruz Copper Project aligns with the EXIM Bank's Make More in America initiative, which is intended to increase the United States' supply of critical minerals to foster economic growth and strengthen national security through domestic resource production. Mr. Friedland commented: "Receipt of the Export-Import Bank of the United States' Letter of Interest underscores the importance of our Santa Cruz Copper Project to grow domestic copper production. The United States urgently needs more domestically produced copper to support the rapid expansion and rebuilding of its electric transmission and transportation infrastructure, national defense capabilities, and technologies of the future. Santa Cruz is positioned perfectly to be a source of pure copper cathode to help the United States achieve its strategic mission of greater self-reliance on domestic production of critical metals." Mr. Melvin commented: "We are grateful for this strong show of support by the Export-Import Bank of the United States for the development of our Santa Cruz Copper Project. The people of the EXIM Bank have devoted significant time to learning about our project and are committed to supporting the growth of US critical metals production. We look forward to working together with the EXIM Bank to advance this significant financing opportunity as we rapidly progress our final engineering and permitting efforts at Santa Cruz towards initial construction in 2026. As an advanced-stage copper project on private land in the United States, 100%-owned by a United States company and with the ability to produce pure copper cathode on-site, our Santa Cruz Copper Project is uniquely positioned to meet rising US demand for domestically sourced copper." Ivanhoe Electric continues to pursue additional government support programs, including the EXIM Bank's Supply Chain Resilience Initiative and the Section 45X advanced manufacturing production tax credit. The Supply Chain Resilience Initiative provides financing tools to strengthen and diversify U.S. access to critical mineral supply chains, while Section 45X offers direct tax incentives for the domestic production and processing of those minerals. Ivanhoe Electric is assessing EXIM Bank's interest together with other financing alternatives available to it for the development of the Santa Cruz Copper Project. In the event Ivanhoe Electric proceeds with a formal application, EXIM Bank will need to conduct all requisite due diligence necessary to determine if a final lending commitment would be made. Any final lending commitment will be dependent on meeting EXIM Bank's underwriting criteria, authorization process, and finalization and satisfaction of terms and conditions. All final lending commitments must be in compliance with EXIM Bank policies as well as program, legal and eligibility requirements. Santa Cruz Copper Project Advancing Rapidly Toward Construction, Poised to Strengthen U.S. Copper Supply Chain Independence The team at Santa Cruz, which includes Fluor Inc. as project lead, remains on schedule to deliver the Santa Cruz Copper Project Preliminary Feasibility Study in June 2025. The Preliminary Feasibility Study will support project financing activities. Permitting and detailed engineering work are being aggressively advanced throughout 2025. Ivanhoe Electric anticipates that permits will be received and initial construction activities will begin in the first half of 2026. About Ivanhoe Electric We are a U.S. company that combines advanced mineral exploration technologies with electric metals exploration projects predominantly located in the United States. We use our accurate and powerful Typhoon™ geophysical surveying system, together with advanced data analytics provided by our subsidiary, Computational Geosciences Inc., to accelerate and de-risk the mineral exploration process as we seek to discover new deposits of critical metals that may otherwise be undetectable by traditional exploration technologies. We believe the United States is significantly underexplored and has the potential to yield major new discoveries of critical metals. Our mineral exploration efforts focus on copper as well as other metals including nickel, vanadium, cobalt, platinum group elements, gold and silver. Through the advancement of our portfolio of electric metals exploration projects, headlined by the Santa Cruz Copper Project in Arizona and the Tintic Copper-Gold Project in Utah, as well as other exploration projects in the United States, we intend to support United States supply chain independence by finding and delivering the critical metals necessary for the electrification of the economy. We also operate a 50/50 joint venture with Saudi Arabian Mining Company Ma'aden to explore for minerals on ~48,500 km 2 of underexplored Arabian Shield in the Kingdom of Saudi Arabia. In 2024, we also launched an Exploration Alliance with BHP, the world's largest mining company, to explore for new critical metal deposits across six target areas in the Southwest United States. Website: Follow us on Twitter Ivanhoe Electric's Executive Chairman Robert Friedland: @robert_ivanhoe Ivanhoe Electric: @ivanhoeelectric Ivanhoe Electric's investor relations website located at should be considered Ivanhoe Electric's recognized distribution channel for purposes of the Securities and Exchange Commission's Regulation FD. Forward-Looking Statements Certain statements in this news release constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable U.S. and Canadian securities laws. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Ivanhoe Electric, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as "may", "would", "could", "will", "intend", "expect", "believe", "plan", "anticipate", "estimate", "scheduled", "forecast", "predict" and other similar terminology, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. These statements reflect Ivanhoe Electric's current expectations regarding future events, performance and results and speak only as of the date of this news release. Such statements in this news release include, without limitation statements regarding the Letter of Interest from the Export-Import Bank of the United States ("EXIM Bank") and the potential for EXIM Bank to provide up to $825 million in financing for the development of Ivanhoe Electric's Santa Cruz Copper Project; the advancement of Project financing discussions with EXIM Bank; the submission of an application by Ivanhoe Electric to EXIM Bank for the final financing commitment and the satisfaction of EXIM's underwriting criteria, authorization process, and any terms and conditions; the potential for financing through other programs, including Supply Chain Resilience Initiative and Section 45X; the completion of the Preliminary Feasibility Study for the Santa Cruz Project in June 2025; the progress of engineering and permitting for the Santa Cruz Project and the commencement of construction activities at the Santa Cruz Project in the first half of 2026; the development of the Santa Cruz Project into a mine and its ability to produce pure copper cathode; the projections, assumptions and estimates contained in the Initial Assessment related to the Santa Cruz Project, including, without limitation, those relating to production; and planned or potential developments in the businesses of Ivanhoe Electric. Forward-Looking statements are based on management's beliefs and assumptions and on information currently available to management. Such statements are subject to significant risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors, including the refusal or inability of EXIM Bank to ultimately provide financing; the inability to negotiate and sign definitive agreements for financing by EXIM Bank or the inability for us to satisfy conditions to financing;; changes in the prices of copper or other metals Ivanhoe Electric is exploring for; the results of exploration and drilling activities and/or the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations; the final assessment of exploration results and information that is preliminary; the significant risk and hazards associated with any future mining operations, extensive regulation by the U.S. government as well as local governments; changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with Ivanhoe Electric to perform as agreed; and the impact of political, economic and other uncertainties associated with operating in foreign countries, and the impact of the COVID-19 pandemic and the global economy. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements and risk factors described in Ivanhoe Electric's Annual Report on Form 10-K and other filings with the U.S. Securities and Exchange Commission at No assurance can be given that such future results will be achieved. Forward-Looking statements speak only as of the date of this news release. Ivanhoe Electric cautions you not to place undue reliance on these forward-looking statements. Subject to applicable securities laws, Ivanhoe Electric does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release, and Ivanhoe Electric expressly disclaims any requirement to do so.
