Latest news with #NI43-101
Cision Canada
14 hours ago
- Business
- Cision Canada
Kootenay Silver Set to Commence Stage One of the Next 50,000 Meters of Drilling at Columba High-Grade Silver Project, Mexico
VANCOUVER, BC, July 21, 2025 /CNW/ - Kootenay Silver Inc. (" Kootenay" or the " Company") (TSXV: KTN) (OTCQX: KOOYF) is pleased to announce drill crews have been scheduled to arrive by month end to begin the staged 2025 drill program. One drill is expected to start during the first week of August with a second to follow about ten days later. The first 25,000 to 30,000 meters will focus on expanding the size of existing resource bodies in the D, F, and B/Lupe Veins. The mineralized zones in all veins remain open either down dip, along strike or both directions. The company is fully funded for this program, having recently closed a $20,000,000 bought deal financing. James McDonald President and CEO states, "Having just put out our maiden resource of 54 million ounces of silver at Columba at a very good grade of 284 gpt silver, we are now looking forward to this next round of drilling which is focused on increasing the size of the resource. All vein zones remain open to expansion, so we have a lot of low hanging fruit to go after as we advance to our objective of finding 100 million plus ounces of silver." For reference, the Columba Maiden Resource was announced on June 17 th, 2025, the details of which are stated below. The underground MRE includes, at a base-case cut-off grade of 150 gpt Ag, Inferred Mineral Resources estimated at 5.92 Mt grading 284 gpt silver, 0.19% lead, and 0.50% zinc. The Mineral Resource Estimate includes Inferred mineral resources of 54.1 Moz of silver, 25.2 kt of lead, and 65.6 kt of zinc. The MRE is exclusive of mined out material (F Vein). A total of 17 epithermal veins that comprise the Columba vein system were included in the Mineral Resource Estimate. The underground base case cut-off grade of 150 gpt Ag considers metal price of US$26.00/oz Ag, metal recovery of 90% for Ag, a mining cost of US$60.00/t rock and a processing, treatment and refining, transportation and G&A cost of US$45.00/t mineralized material. Columba Property Mineral Resource Estimate Notes: (1) The mineral resource was estimated by Ben Eggers, MAIG, of SGS Geological Services, an independent Qualified Person as defined by NI 43-101. Eggers conducted a site visit to the Columba Property on May 28, 2025. The mineral resource was peer reviewed by Allan Armitage, Ph.D., of SGS Geological Services, an independent Qualified Person as defined by NI 43-101. Armitage conducted a site visit to the Columba Property on May 24-25, 2024. (2) The classification of the Mineral Resource Estimate into Inferred mineral resources is consistent with current 2014 CIM Definition Standards for Mineral Resources and Mineral Reserves. The effective date of the Columba Property Mineral Resource Estimate (MRE) is May 29, 2025. This is the close out date for the final mineral resource drilling database. (3) All figures are rounded to reflect the relative accuracy of the estimate and numbers may not add due to rounding. (4) All mineral resources are presented undiluted and in situ, constrained by continuous 3D wireframe models (considered mineable shapes), and are considered to have reasonable prospects for eventual economic extraction. The mineral resource is exclusive of mined out material. (5) Mineral resources are not mineral reserves. Mineral resources which are not mineral reserves, do not have demonstrated economic viability. An Inferred Mineral Resource has a lower level of confidence than that applying to an Indicated or Measured Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated or Measured Mineral Resources with continued exploration. (6) The Columba mineral resource estimate is based on a validated drillhole database which includes data from 217 surface diamond drill holes completed between 2019 and March 2025. The drilling totals 53,476 m. The resource database totals 28,448 assay intervals representing 45,805 m of data. (7) The mineral resource estimate is based on 17 three-dimensional ("3D") resource models representing epithermal veins which comprise the Columba vein system. 3D models of mined out areas were used to exclude mined out material from the current MRE. (8) Grades for Ag, Pb, and Zn are estimated for each mineralization domain using 1.5 m capped composites assigned to that domain. To generate grade within the blocks, the inverse distance squared (ID 2) interpolation method was used for all domains. (9) Average density values were assigned to each domain based on a database of 4,049 samples. (10) It is envisioned that the Columba Project deposits may be mined using underground mining methods. Mineral resources are reported at a base case cut-off grade of 150 gpt AgEq. The mineral resource grade blocks were quantified above the base case cut-off grade, below surface and within the constraining mineralized wireframes. (11) The underground base case cut-off grade of 150 gpt Ag considers a metal price of US$26.00/oz Ag and metal recovery of 90% for Ag. (12) The underground base case cut-off grade of 150 gpt Ag considers a mining cost of US$60.00/t rock and a processing, treatment and refining, transportation and G&A cost of US$45.00/t mineralized material. (13) The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues. (1) Underground mineral resources are reported at a base case cut-off grade of 150 gpt Ag. Values in this table reported above and below the base case cut-off grades should not be misconstrued with a Mineral Resource Statement. The values are only presented to show the sensitivity of the block model estimate to the base case cut-off grade. (2) All values are rounded to reflect the relative accuracy of the estimate and numbers may not add due to rounding. A comprehensive list of drill results completed on the Columba Property since 2019 may be viewed here: Columba Drill Results. Additionally, the Company announces stock options have been granted to officers, directors, employees, and consultants to purchase up to an aggregate of 2,500,000 million shares and issued restricted share and deferred units totalling 1,500,000 common shares. The stock options have been granted at a price of $1.10 per common share for a period of five years. Sampling and QA/QC at Columba All technical information for the Columba exploration program is obtained and reported under a formal quality assurance and quality control ("QA/QC") program. Samples are taken from core cut in half with a diamond saw under the direction of qualified geologists and engineers. Samples are then labeled, placed in plastic bags, sealed and with interval and sample numbers recorded. Samples are delivered by the Company to ALS Minerals ("ALS") in Chihuahua. The Company inserts blanks, standards and duplicates at regular intervals as follows. On average a blank is inserted every 100 samples beginning at the start of sampling and again when leaving the mineral zone. Standards are inserted when entering the potential mineralized zone and in the middle of them, on average one in every 25 samples is a standard. Duplicates are taken in the mineralized intervals at an average 2 duplicates for each hole. The samples are dried, crushed and pulverized with the pulps being sent airfreight for analysis by ALS in Vancouver, B.C. Systematic assaying of standards, blanks and duplicates is performed for precision and accuracy. Analysis for silver, zinc, lead and copper and related trace elements was done by ICP four acid digestion, with gold analysis by 30-gram fire assay with an AA finish. All drilling reported is HQ core and was completed by Globextools, S.A. de C.V. of Hermosillo, Sonora, Mexico. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Qualified Persons The mineral resource was estimated by Ben Eggers, MAIG, of SGS Geological Services, an independent Qualified Person as defined by NI 43-101. Eggers conducted a site visit to the Columba Property on May 28, 2025. The mineral resource was peer reviewed by Allan Armitage, Ph.D., of SGS Geological Services, an independent Qualified Person as defined by NI 43-101. Armitage conducted a site visit to the Columba Property on May 24-25, 2024 The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed and approved on behalf of Kootenay by Mr. Dale Brittliffe, BSc. P. Geol., Vice President, Exploration of Kootenay Silver, is the Company's nominated Qualified Person pursuant to National Instrument 43-101, Standards for Disclosure for Mineral Projects, has reviewed the scientific and technical information disclosed in this news release. Mr. Brittliffe is not independent of Kootenay Silver. About Kootenay Silver Inc. Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico. Supported by one of the largest junior portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively. The information in this news release has been prepared as at July 20, 2025. Certain statements in this news release, referred to herein as "forward-looking statements", constitute "forward-looking statements" under the provisions of Canadian provincial securities laws. These statements can be identified by the use of words such as "expected", "may", "will" or similar terms. Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Kootenay as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as otherwise required by law, Kootenay expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in Kootenay's expectations or any change in events, conditions or circumstances on which any such statement is based. Cautionary Note to US Investors: This news release includes Mineral Reserves and Mineral Resources classification terms that comply with reporting standards in Canada and the Mineral Reserves and the Mineral Resources estimates are made in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (" NI 43-101"). NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. These standards differ significantly from the requirements adopted by the U.S. Securities and Exchange Commission (the " SEC"). The SEC sets rules that are applicable to domestic United States reporting companies. Consequently, Mineral Reserves and Mineral Resources information included in this news release is not comparable to similar information that would generally be disclosed by domestic U.S. reporting companies subject to the reporting and disclosure requirements of the SEC. Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with U.S. standards. SOURCE Kootenay Silver Inc.
Business Upturn
a day ago
- Business
- Business Upturn
Q-Gold Resources engages FHB Consulting Services LLC to update the Resource Estimate for Quartz Mountain
By GlobeNewswire Published on July 21, 2025, 16:30 IST TORONTO, July 21, 2025 (GLOBE NEWSWIRE) — Q-Gold Resources Ltd. (TSXV: QGR) ('Q-Gold' or the 'Company') is pleased to announce that it has retained FHB Consulting Services LLC ('FSB Consulting'), a Washington-based geological consulting firm that is independent from the Company, to conduct an updated review and revision of the historical estimate that has not been confirmed by Q-Gold at the later stage mineral exploration project located in south-central Oregon (the 'Quartz Mountain Project') that the Company intends to acquire pursuant to a share exchange agreement dated March 31, 2025 (the 'Acquisition'). For more information about the Acquisition, please see the Company's press release dated April 3, 2025, a copy of which is available under the Company's SEDAR+ profile at This initiative is expected to entail a comprehensive revision of the previous mineral resource estimates, originally completed by M. Lechner in 2012 and later updated in-house by the vendor of the Quartz Mountain Project, Alamos Gold Inc. ('Alamos'), in 2016, prepared by Marc Jutras, Ginto Consulting Inc. As part of the review process, the Company anticipates that FHB Consulting will conduct a field visit to the project site in Oregon. The Company expects that the updated resource estimate will incorporate data from boreholes drilled at Crone Hill and Quartz Butte by Alamos in 2015, as well as historical drilling data from earlier exploration campaigns. The current resource estimate for the Quartz Mountain Project is presented in Table 1. Table 1: Mineral Resources at Quartz Mountain as reported in Alamos' Mineral Reserves and Mineral Resources as at December 31, 2024. Gold Mineral Resources Tonnes (000) Grade (g/t Au) oz Au (000) Measured and Indicated Mineral Resources 12,156 0.87 339 Inferred Resources 39,205 0.91 1.147 Notes to Mineral Reserve and Resource Tables: Alamos' Mineral Reserves and Mineral Resources as at December 31, 2024 are classified in accordance with the Canadian Institute of Mining Metallurgy and Petroleum's 'CIM Standards on Mineral Resources and Reserves, Definition and Guidelines' as per Canadian Securities Administrator's NI 43-101 requirements. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. Mineral Resources are exclusive of Mineral Reserves. All Measured, Indicated and Inferred open pit Mineral Resources are pit constrained. The resource is based on a gold price of $1400/oz, with cut-off grades of 0.21 g/t Oxide and 0.6 g/t Sulphide and 65-80% metallurgical recovery. Mineral resources for the Quartz Mountain Project are available on the Alamos' website: Alamos Gold – Quartz Mountain Project United States ( Q-Gold anticipates that this updated assessment will provide a more accurate and current understanding of the mineral resource potential across what the Company believes to be the key target at the Quartz Mountain Project. Q-Gold remains committed to closing the Acquisition and unlocking the potential of what the Company believes to be a sizeable deposit, leveraging modern exploration techniques to build shareholder value. Dr. Andreas Rompel, VP Exploration and Chief Operating Officer of Q-Gold, stated: 'We are very pleased to have engaged such a renowned company to review and update the resource for this gold deposit, which we believe holds significant upside potential within Quartz Mountain and the neighbouring Angle's Camp — areas we intend to explore further in the near future.' About the Existing Quartz Mountain Property The Quartz Mountain Project is an advanced-stage exploration project located in south-central Oregon. Over the years, approximately 100,000 metres of drilling has been conducted, with the majority of work focused on the Crone Hill and Quartz Butte deposits, which host a measured, indicated and inferred mineral resource. Combined with the Angel's Camp property (which, for certainty, comprises a portion of the Quartz Mountain Project), the project covers a large land package which the Company believes offers significant exploration potential (for more information about the Quartz Mountain Project, please see the Company's press release dated April 3, 2025). Qualified Persons The scientific and technical information contained in this press release has been reviewed and approved by Jason Arnold, an independent consultant who is a 'Qualified Person' as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects ('NI-43-101') . About Q-Gold Resources Ltd. Q-Gold Resources (TSXV: QGR, OTC: QGLDF) is a publicly traded Canadian-based mineral exploration company targeting high-grade gold and silver discoveries in multiple jurisdictions. Q-Gold is currently exploring for gold at the past-producing Foley Gold Mine in Mine Centre, Ontario. For further information, contact:Dr. Andreas RompelChief Operating Officer and VP Exploration [email protected] Cell: +1 778 987 9114 Cautionary Notes The content and grades of any mineral deposits at the Company's properties are conceptual in nature. There has been insufficient exploration to define a mineral resource on its properties and it is uncertain if further exploration will result in any target being delineated as a mineral resource. This press release contains 'forward-looking information' within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the Company's ability to complete the Acquisition (including the requisite concurrent financing) and to explore and develop the Quartz Mountain Project, the Company's expectations of FSB Consulting for its review and update of the current mineral resource at the Quartz Mountain Project, and the Company's beliefs, plans, expectations or intentions for the Quartz Mountain Project, and other matters related thereto. Generally, forward-looking information can be identified by the use of forward-looking terminology such as 'plans', 'expects' or 'does not expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates' or 'does not anticipate', or 'believes', or variations of such words and phrases or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur' or 'be achieved'. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: receipt of necessary approvals; successful completion of a financing and the satisfaction of the other closing conditions necessary to complete the Acquisition; general business, economic, competitive, political and social uncertainties; future mineral prices and market demand; accidents, labour disputes and shortages and other risks of the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information 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 information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws. 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. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Cision Canada
a day ago
- Business
- Cision Canada
NEVADA KING FILES TECHNICAL REPORT FOR THE MINERAL RESOURCE ESTIMATE AT ATLANTA INCLUDING OVER 1MOZ OF M&I
VANCOUVER, BC, July 21, 2025 /CNW/ - Nevada King Gold Corp. (TSXV: NKG) (OTCQB: NKGFF) (" Nevada King" or the " Company") is pleased to announce that further to its news release dated June 4, 2025, the Company has filed a National Instrument 43-101 – Standards of Disclosure for Mineral Projects (" NI 43-101") technical report titled "Technical Report and Estimate of Gold and Silver Mineral Resources for the Atlanta Project, Lincoln County, Nevada, USA" (the " Technical Report"), under the Company's profile on SEDAR+ at The Technical Report was prepared by RESPEC (formerly Mine Development Associates) and is also available on the Company's website at Qualified Person The scientific and technical information in this news release has been reviewed and approved by Calvin R. Herron, who is a Qualified Person as defined in NI 43-101. About Nevada King Gold Corp. Nevada King is focused on advancing and growing its 100% owned, past producing, 120km 2 Atlanta Gold Mine project located along the Battle Mountain trend in southeast Nevada. The project hosts an NI 43-101 compliant pit-constrained oxide resource of 1,020koz Au in the measured and indicated category (27.7M tonnes at 1.14 g/t) plus an inferred resource of 98.5koz Au (3.6M tonnes at 0.84 g/t). See the NI 43-101 Technical Report on titled "Technical Report and Estimate of Gold and Silver Mineral Resources for the Atlanta Project, Lincoln County, Nevada, USA" with an effective date of September 6, 2024, and a report date of July 18, 2025, as prepared by RESPEC (formerly Mine Development Associates) and filed under the Company's profile on SEDAR+ NI 43-101 Mineral Resources at the Atlanta Mine by RESPEC 2025 Please see the Company's website at 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. Cautionary Statements Regarding Forward Looking Information This news release contains certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities legislation. All statements in this release, other than statements of historical fact, included herein, without limitation, statements relating to the future operations and activities of Nevada King, plans, intentions, beliefs, and expectations are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by Nevada King, are inherently subject to significant business, economic, technical, geologic, environmental, regulatory, competitive, political and social uncertainties and contingencies. 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 and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, the ability to complete proposed exploration work, the results of exploration, continued availability of capital, and changes in general economic, market and business conditions. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. Nevada King does not assume any obligation to update forward-looking statements should beliefs, opinions, projections, or other factors, change, except as required by applicable securities laws. SOURCE Nevada King Gold Corp.
Malaysian Reserve
4 days ago
- Business
- Malaysian Reserve
Capella Provides Update on Agreement with Tümad Madencilik
VANCOUVER, BC, July 18, 2025 /CNW/ – Capella Minerals Ltd (TSXV: CMIL) (OTC Pink: CMILF) (FRA: N7D2) ('Capella' or the 'Company') is pleased to provide the following update on the Letter of Intent ('LOI') signed by Turkish mining company, Tümad Madencilik Sanayi Ve Ticaret A.S. ('Tümad'), with respect to the staged earn-in proposal for the Company's portfolio of precious and base metal projects in Scandinavia (see Company News Release dated June 2, 2025). Tümad today advised the Company that no material issues have been identified to date and that the Due Diligence process is in its final stages. Both parties are actively working together to move towards closing through the signing of a Definitive Agreement. Tümad currently produces approximately 200,000 ounces of gold per annum from two mining operations located in western Türkiye. This strategic partnership with Capella is expected to provide Tümad with an excellent opportunity to expand its international footprint both within the highly-prospective Scandinavian region and elsewhere. Eric Roth, Capella's President and CEO, commented today: 'I am sincerely looking forward to working together with the Tümad team, whose highly respected expertise as mine builders and operators will complement our successful track record in global exploration and discovery. I look forward to ensuring a successful venture going forward for both parties'. Private Placement Update The Company wishes to advise that its previously announced private placement of 15,000,000 Units at $0.05 per Unit has been amended to adjust the exercise price of the warrant from $0.10 for two years to and exercise price of $0.075 for a period of two years. The Company feels that this adjustment, while relatively small, will further incentivize and attract investors. All other terms remain the same. Qualified Person and Disclosure Statement The technical information presented in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 ('NI 43-101') and approved by Eric Roth, the Company's President & CEO, a Director, and a Qualified Person under NI 43-101. Mr. Roth holds a Ph.D. in Economic Geology from the University of Western Australia, is a Fellow of the Australian Institute of Mining and Metallurgy (AusIMM) and is a Fellow of the Society of Economic Geologists (SEG). Mr. Roth has over 35 years of experience in international minerals exploration and mining project evaluation. On Behalf of the Board of Capella Minerals Ltd. 'Eric Roth' Eric Roth, Ph.D., FAusIMMPresident & CEO About Capella Minerals Ltd Capella is a Canadian exploration and development company with a focus on global gold-copper projects and is currently exploring in the well-endowed Central Lapland Greenstone Belt of northern Finland & in the former copper-cobalt-zinc mining districts of central Norway. In northern Finland, the Company's portfolio consists of 5 copper-gold projects including the priority Killerö E target (a former Anglo American copper-gold project that was never drill tested) and the Saattopora W target (the western extension to Outokumpu Oy's Saattopora former copper-gold mine2) – all of which are located about 40km SW of Agnico Eagle's Kittilä Gold Mine, currently the largest gold producer in Europe. In the Trøndelag Province of central Norway, the Company's focus is on the discovery of high-grade copper-cobalt massive sulfide (VMS) deposits in the former mining districts of Løkken and Røros. The Company's portfolio includes: i) a 100% interest in the advanced exploration-stage Hessjøgruva copper-cobalt project and adjacent Kongensgruve project in the northern Røros mining district, and ii) exposure to the discovery of new satellite copper-cobalt-zinc VMS targets around the past-producing Løkken copper mine through a partnership with Teako Minerals Corp. Capella also holds equity positions in Teako Minerals Corp. and Grit Metals Corp. (formerly European Energy Metals Corp) as a result of the recent divestiture of non-core assets. For additional information you are cordially invited to visit the Capella Minerals Ltd website at or contact Karen Davies, VP Shareholder Relations and Corporate Development, at Tel: +1.604.314.2662 Cautionary Notes and Forward-looking Statements This news release contains forward-looking information within the meaning of applicable securities legislation. Forward-looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of Capella, including the timing, completion of and results from the exploration and drill programs described in this release. Although the Company believes that such statements are reasonable, it can give no assurances that such expectations will prove to be correct. All such forward-looking information is based on certain assumptions and analyses made by Capella in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. This information, however, is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Important factors that could cause actual results to differ from this forward-looking information include those described under the heading 'Risks and Uncertainties' in Capella's most recently filed MD&A. Capella does not intend, and expressly disclaims any obligation to, update or revise the forward-looking information contained in this news release, except as required by law. Readers are cautioned not to place undue reliance on forward-looking information. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Cision Canada
4 days ago
- Business
- Cision Canada
Capella Provides Update on Agreement with Tümad Madencilik
VANCOUVER, BC, July 18, 2025 /CNW/ - Capella Minerals Ltd (TSXV: CMIL) (OTC Pink: CMILF) (FRA: N7D2) ("Capella" or the "Company") is pleased to provide the following update on the Letter of Intent ("LOI") signed by Turkish mining company, Tümad Madencilik Sanayi Ve Ticaret A.S. ("Tümad"), with respect to the staged earn-in proposal for the Company's portfolio of precious and base metal projects in Scandinavia (see Company News Release dated June 2, 2025). Tümad today advised the Company that no material issues have been identified to date and that the Due Diligence process is in its final stages. Both parties are actively working together to move towards closing through the signing of a Definitive Agreement. Tümad currently produces approximately 200,000 ounces of gold per annum from two mining operations located in western Türkiye. This strategic partnership with Capella is expected to provide Tümad with an excellent opportunity to expand its international footprint both within the highly-prospective Scandinavian region and elsewhere. Eric Roth, Capella's President and CEO, commented today: "I am sincerely looking forward to working together with the Tümad team, whose highly respected expertise as mine builders and operators will complement our successful track record in global exploration and discovery. I look forward to ensuring a successful venture going forward for both parties". Private Placement Update The Company wishes to advise that its previously announced private placement of 15,000,000 Units at $0.05 per Unit has been amended to adjust the exercise price of the warrant from $0.10 for two years to and exercise price of $0.075 for a period of two years. The Company feels that this adjustment, while relatively small, will further incentivize and attract investors. All other terms remain the same. Qualified Person and Disclosure Statement The technical information presented in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 ("NI 43-101") and approved by Eric Roth, the Company's President & CEO, a Director, and a Qualified Person under NI 43-101. Mr. Roth holds a Ph.D. in Economic Geology from the University of Western Australia, is a Fellow of the Australian Institute of Mining and Metallurgy (AusIMM) and is a Fellow of the Society of Economic Geologists (SEG). Mr. Roth has over 35 years of experience in international minerals exploration and mining project evaluation. On Behalf of the Board of Capella Minerals Ltd. "Eric Roth" Eric Roth, Ph.D., FAusIMM President & CEO About Capella Minerals Ltd Capella is a Canadian exploration and development company with a focus on global gold-copper projects and is currently exploring in the well-endowed Central Lapland Greenstone Belt of northern Finland & in the former copper-cobalt-zinc mining districts of central Norway. In northern Finland, the Company's portfolio consists of 5 copper-gold projects including the priority Killerö E target (a former Anglo American copper-gold project that was never drill tested) and the Saattopora W target (the western extension to Outokumpu Oy's Saattopora former copper-gold mine 2) - all of which are located about 40km SW of Agnico Eagle's Kittilä Gold Mine, currently the largest gold producer in Europe. In the Trøndelag Province of central Norway, the Company's focus is on the discovery of high-grade copper-cobalt massive sulfide (VMS) deposits in the former mining districts of Løkken and Røros. The Company's portfolio includes: i) a 100% interest in the advanced exploration-stage Hessjøgruva copper-cobalt project and adjacent Kongensgruve project in the northern Røros mining district, and ii) exposure to the discovery of new satellite copper-cobalt-zinc VMS targets around the past-producing Løkken copper mine through a partnership with Teako Minerals Corp. Capella also holds equity positions in Teako Minerals Corp. and Grit Metals Corp. (formerly European Energy Metals Corp) as a result of the recent divestiture of non-core assets. For additional information you are cordially invited to visit the Capella Minerals Ltd website at or contact Karen Davies, VP Shareholder Relations and Corporate Development, at Tel: +1.604.314.2662 Cautionary Notes and Forward-looking Statements This news release contains forward-looking information within the meaning of applicable securities legislation. Forward-looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of Capella, including the timing, completion of and results from the exploration and drill programs described in this release. Although the Company believes that such statements are reasonable, it can give no assurances that such expectations will prove to be correct. All such forward-looking information is based on certain assumptions and analyses made by Capella in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. This information, however, is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Important factors that could cause actual results to differ from this forward-looking information include those described under the heading "Risks and Uncertainties" in Capella's most recently filed MD&A. Capella does not intend, and expressly disclaims any obligation to, update or revise the forward-looking information contained in this news release, except as required by law. Readers are cautioned not to place undue reliance on forward-looking information. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
