Latest news with #Polarization
Miami Herald
16-07-2025
- Business
- Miami Herald
TDG Gold Extends IP Anomaly Across Boundary from Aurora(1) Discovery and Identifies a Nearby New Geophysical Anomaly, Drilling About to Commence
WHITE ROCK, BC / ACCESS Newswire / July 16, 2025 / TDG Gold Corp. (TSXV:TDG)(OTCQX:TDGGF) (the "Company" or "TDG") is pleased to provide an update on the recently initiated reconnaissance and characterization Induced Polarization ("IP") geophysical survey to the west of Freeport McMoran-Amarc Resources' ("Freeport-Amarc") AuRORA1 gold-rich copper porphyry discovery. AuRORA1 lies immediately adjacent to the Company's 100% owned Greater Shasta-Newberry ("GSN") project in the evolving Toodoggone District of northern British Columbia. HIGHLIGHTS: IP anomaly ("AuWEST") identified that is contiguous to and may be indicative of an extension of Freeport-Amarc's AuRORA1 mineralization;Phase I drilling program anticipated to begin July 17, 2025, at TDG's AuWEST;Mapping, soil sampling, and other geological studies are underway with the objective of identifying new targets or to better define existing ones;TDG is fully funded to conduct an extensive exploration program in 2025. Figure 1. Plan Map of IP Anomalies at GSN relative to TDG's model for the AuRORA1 mineralization. 2025 Induced Polarization Reconnaissance and Characterization Survey IP geophysical surveys are known to be an effective technique in identifying disseminated- and stockwork-style sulphides that are often associated with porphyry copper-gold-silver ("Cu-Au-Ag") mineralization, manifesting as a chargeability anomaly. The GSN project has never been surveyed with IP methods and, to date, the data from three wide-spaced lines completed adjacent to, and to the west of, AuRORA1 have been deemed fit for purpose and utilized for targeting at AuWEST, a potential extension to the AuRORA1 mineralization. The first line is located ~75 metres ("m") from the Freeport-Amarc boundary with 250 m spacing between the remaining lines (Figure 1). The purpose of this work was to better understand the geophysical signature of the AuRORA1 Cu-Au-Ag mineralization, to test for possible extensions of AuRORA1 onto TDG's mineral tenure, and provide a model for drill targeting potential AuRORA1 analogues along the 12 kilometre ("km") structural corridor identified on TDG's mineral claims (news release Mar 03, 2025). A chargeability anomaly in excess of ~23 millivolts per volt ("mV/V") on strike and apparently contiguous with the AuRORA1 mineralization has been identified near surface, and extending to a vertical depth of ~350 m. At surface along the property boundary, the anomaly has a north-south extent of ~320 m and has an apparent plunge to the west. Additional lines are necessary to determine true strike length of the anomaly. This anomaly may represent a potential extension to the AuRORA1-style mineralization at TDG's AuWEST target (news release May 07, 2025) and southwest within GSN (Figure 2). Given the nearby AuRORA1 mineralization, this anomaly clearly merits drill testing. Further, a second chargeability anomaly has been identified with a similar signature, exceeding 23 mV/V, underlying the IP anomaly associated with AuWEST (Figure 2). Data from additional infill and reconnaissance IP lines are currently being processed and interpreted. Surveyed areas that generate similar anomalous geophysical responses to that associated with AuRORA1 will be followed up with infill surveys to provide enhanced detail prior to drilling. Figure 2. Cross Section A-A' (From Figure 1) illustrating > 23 mV/V IP anomalies adjacent to TDG's model for the AuRORA1 mineralization. Drill Mobilized to Project Site Drill crews and equipment for a helicopter-supported drill program have begun mobilizing to the project site. Initial drill holes will test for potential mineralized western extensions of the AuRORA1 mineralization, on to TDG's mineral claims, guided by the new geophysical data set. Drilling is expected to begin shortly after July 17, 2025. Qualified Person The technical content of this news release has been reviewed and approved by Steven Kramar, MSc., Vice President, Exploration for TDG, a qualified person as defined by National Instrument 43-101 Notes 1Adjacent Properties: The Company has no interest in, or rights to, any of the adjacent properties mentioned, and exploration results on adjacent properties are not necessarily indicative of mineralization on the Company's properties. Any references to exploration results on adjacent properties are provided for information only and do not imply any certainty of achieving similar results on the Company's properties. aAmarc Resources LTD, Amarc Announces Additional Drill Results from the AuRORA Copper-Gold-Silver Deposit Discovery in Collaboration with Freeport at the Joy District, British Columbia, Jan 20, 2025, Amarc Website (here). About TDG Gold Corp. TDG is a major mineral tenure holder in the Toodoggone District of north-central British Columbia, Canada, with 100% ownership of ~50,000 hectares of brownfield and greenfield exploration ground. In 2023, TDG defined the 5.5 Greater Shasta-Newberry exploration target area (news release Jan 25, 2023) which is located directly adjacent to the gold-rich copper porphyry AuRORA1 discovery announced by Freeport McMoran Inc. and Amarc Resources Ltd. (news release Jan 17, 2025). In 2024, TDG identified new copper-gold target areas over an expanded footprint covering ~53 known as the 'Baker Complex' (news release Feb 28, 2024), including the North Quartz (news release Apr 02, 2024) and Trident (news release Mar 07, 2024) targets. TDG's other Toodoggone projects within the property package include the former producing, gold-silver Shasta and gold-silver-copper Baker mines, which produced intermittently between 1981-2012, and the historical high-grade gold Mets developed prospect, all of which are road accessible, and combined have over 65,000 m of historical drilling. These projects have been advanced through compilation of historical data, new geological mapping, geochemical and geophysical surveys and, at Shasta, 13,250 m of modern HQ drill testing of the known mineralization occurrences and their potential extensions. In 2025, TDG published an updated Mineral Resource Estimate for Shasta (news release Jan 08, 2025), which remains open at depth and along strike. In July 2025, TDG closed the acquisition of Anyox Copper Ltd. ("Anyox", news release July 14, 2025) which holds a combination of crown grants (100% owned and optioned) and mineral claims totaling over 10,000 hectares including the former producing Hidden Creek copper-gold mine - all located within the Anyox peninsula at the southern tip of BC's Golden Triangle. Exploration at Anyox will commence in late 2025 and gives TDG a first mover advantage to a VMS horizon within a significant past-producing district with copper-gold-lead-zinc-silver potential. ON BEHALF OF THE BOARD Fletcher MorganChief Executive Officer For further information contact:TDG Gold +1.604.536.2711Email: info@ 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. Forward Looking Statements This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterized by words such as "represent", "expect", "anticipate", "evolve" "identify", "anomaly", "effective", "potential", "constitute", "extend", "extension", "merit", "manifest", "possible" "associate", "objective", "indicative" and variations of these words as well as other similar words or statements that certain events or conditions "could", "may", "would" or "will" occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such factors include, among others: the uncertainty that any mineralization encountered on adjacent properties continues on to TDG tenure; whether or not the drill and/or support crews will mobilize and be ready to drill by July 17, 2025; the uncertainty that geological and/or geophysical and/or geochemical anomalies and/or any trends, interpretations, or conclusions based on adjacent properties have relevance to TDG's tenure; whether geophysical anomalies (including chargeability anomalies) and/or any trends, interpretations, or conclusions located on TDG's properties represent epithermal and/or porphyry-style mineralization and, if so, whether such mineralization has economic potential; whether the results of such surveys will provide a better understanding of the geology and any mineralization; whether or not the results of such surveys will lead to drill target generation; whether disseminated sulphides are associated with potentially economic mineralization, including epithermal or porphyry copper deposits; the actual results of current and planned exploration activities; the actual timing of current and planned exploration activities; the interpretation that the Greater Shasta-Newberry Target Area represents a larger mineralized system encompassing several target zones and the potential that such zones may represent additional mineralized target zones; the interpretation that the 12 km structural corridor represents a larger mineralized system encompassing several target zones and the potential that such zones may represent additional mineralized target zones; whether or not TDG's exploration is fully funded; changes in project parameters as plans to continue to be refined; accidents, labour disputes and other risks of the mining industry; the availability of sufficient funding on terms acceptable to the company to complete the planned work programs; delays in obtaining governmental approvals or financing; and fluctuations in metal prices. There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. SOURCE: TDG Gold Corp.
Yahoo
28-05-2025
- Business
- Yahoo
Prosper Mobilizes Crews for Additional Drilling at Cyprus
VANCOUVER, British Columbia, May 28, 2025 (GLOBE NEWSWIRE) -- Prosper Gold Corp. ("Prosper Gold" or the "Company") (TSXV:PGX) announces that field crews have been mobilized and preparations are being made to facilitate upcoming diamond drilling activities at the Cyprus Project. Drilling will follow up on results of the ground-based Induced Polarization ('IP') survey completed at Target A in March, 2025. 'Our first three holes drilled at this newly identified target confirmed the presence of porphyritic intrusions and quartz-sericite-pyrite alteration,' commented Peter Bernier, CEO. 'Results from the March 2025 ground IP survey have revealed a 2,600 by 800 metre area of higher chargeability roughly 1 kilometre to the southwest. We will be testing this highly chargeable portion of the system in this next round of drilling.' Initial drilling tested a 2 x 3 kilometre coincident magnetic low / conductivity high anomaly outlined in the Company's summer 2024 ZTEM (z-axis tipper electromagnetic) airborne survey (Figure 1). Three drill holes totaling 1,602 metres intersected variable amounts of quartz-sericite-pyrite (phyllic) alteration (Figure 3) spatially associated with porphyritic intrusions (Figure 4). The presence of hydrothermal breccias, fracture-fill and disseminated pyrite mineralization and sericitic alteration suggest the drill holes intersected the periphery of a hydrothermal magmatic system that has the potential to host a porphyry copper deposit. Following the maiden drill program, a deep-penetrating IP survey was designed to outline the distribution of disseminated sulphides within the hydrothermal system. IP results, along with alteration, lithology and pyrite mineralization observed in drill core, suggest the northeastern margin of the system was drilled. The survey results suggest the majority of disseminated sulphides occur 1.2 kilometres to the southwest of the nearest drill hole (DD25CYP002, Figure 2). The upcoming diamond drilling program, scheduled to commence in early June, will test a pronounced IP chargeability high that coincides with a resistivity high in the immediate hanging wall of a regional northwest trending fault. The geophysical interpretation of the IP results suggests the potential for a body of sulphides associated with intrusive rock and/or potassic alteration potentially associated with the high temperature portion of a porphyry 1 – Porphyry copper ± gold targets outlined by the summer 2024 ZTEM survey. Total Magnetic Intensity (top) and 30Hz in-phase Total Phase Rotated (bottom) showing relative conductivity at 2 – Maps showing three drill holes completed in February/March of 2025 and two proposed holes targeting chargeability highs outlined in an IP survey completed subsequent to initial drilling. IP depth slices at -300 3 - Examples of quartz-sericite-pyrite alteration and mineralization encountered in February/March 2025 drilling.. A) Quartz-sericite-pyrite altered andesitic volcanics. Pyrite as disseminations and blebs (DD25CYP001 – 213.3 m). B) Abundant fine disseminated pyrite within strongly quartz-sericite altered andesites (DD25CYP001 – 229.9 m). C) Abundant disseminated to semi-massive pyrite within strongly quartz-sericite altered andesites (DD25CYP001 – 373.3 m). D) Abundant fine disseminated pyrite replacing groundmass and at silica replacement sites (DD25CYP001 – 229.5 m). E) Blebby pyrite within silica-sericite altered andesite (DD25CYP003 - 243.2 m). F) Pyrite stringers in silica-sericite altered feldspar porphyry andesite (DD25CYP002 – 362 m). Figure 4 - Examples of intrusions from February/March 2025 drilling. A) Intrusive breccia with strongly silica-sericite-pyrite altered clasts intruded by biotite-feldspar porphyry (DD25CYP003 – 453.3 m). B) Monzonitic intrusive rocks with sooty pyrite veining (DD25CYP002 – 281 to 292 m). C) Biotite-felspar porphyry dikelet with strongly silica-sericite-pyrite altered wallrock (DD25CYP003 – 453.5 m). Table 1 - Drill hole information from February/March 2025 maiden drilling program (coordinates provided in UTM NAD 83, zone 9). DD25CYP001 664,461 6,197,242 215 -60 500 DD25CYP002 664,061 6,197,533 215 -60 500 DD25CYP003 664,607 6,197,438 215 -70 602 About the Cyprus Project The road-accessible Cyprus Project is situated in north-central British Columbia, Canada. The 623 square kilometre Project includes the historical Kaza and Northstar copper prospects (see the Company's February 20th, 2024 and February 26th, 2024 news releases for details) and represents a district-scale copper-gold porphyry exploration Project. At the historical Kaza copper-gold prospect, soil samples up to 5.09 gpt gold and 10,000 ppm copper and surface rock chip samples from 1973 including 0.88% copper, 15.4 gpt gold and 120 gpt silver over 4.0 metres coincide with a 2,000 by 600 metre area of high IP chargeability and low magnetic response. The presence of sparse feldspar porphyry dikes and the sulphide assemblages present at surface suggest copper-gold porphyry mineralization may improve at depth. Copper mineralization at the Northstar prospect consists of vein-hosted and disseminated chalcocite and bornite within faulted and fractured andesite. Surface trench sampling results includes 23.0 metres grading 2.1% copper and historical drilling intercepts include 0.55% copper over 138.2 metres. Zones of copper mineralization outlined by previous operators at the Northstar prospect are likely driven by a magmatic-hydrothermal system in the immediate vicinity. The Big-Time prospect has not seen historical drilling despite the presence of a pronounced copper-bearing area of phyllic alteration that coincides with strong copper-molybdenum geochemistry, high IP chargeability and northeast trending feldspar porphyry dikes. A heli-borne ZTEM (z-axis tipper electromagnetic) geophysical survey comprising 3,760 line-kilometres was completed over the entirety of the Cyprus Project in the summer of 2024. Numerous porphyry copper ± gold exploration targets were outlined, including Target A, which is characterized as a 2 x 4 kilometre conductivity high anomaly coincident with a 2 x 3 kilometre magnetic low anomaly proximal to a regionally mapped NW-trending fault. Initial drilling at Target A indicates the presence of a magmatic-hydrothermal system related to porphyritic intrusions. Qualified Person The scientific and technical information in this news release has been reviewed by Rory Ritchie, Vice-President of Exploration for Prosper Gold and a Qualified Person under National Instrument 43-101. For an overview of Prosper Gold please visit ON BEHALF OF THE BOARD OF DIRECTORS Per: 'Peter Bernier'Peter BernierPresident & CEO For further information, please contact: Peter BernierPresident & CEOProsper Gold (250) 316-6644Email: Pete@ Information set forth in this news release may involve 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 including, without limitation, statements about the planned exploration of the Cyprus Project, are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our 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, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes 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. 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. Photos accompanying this announcement are available at: in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
02-03-2025
- Business
- Globe and Mail
Latin Metals Identifies Geophysical Anomalies at Cerro Bayo, Santa Cruz, Argentina
VANCOUVER, British Columbia, March 02, 2025 (GLOBE NEWSWIRE) -- Latin Metals Inc. ('Latin Metals' or the 'Company') - (TSXV: LMS) (OTCQB: LMSQF) is pleased to announce the identification of significant geophysical anomalies at its Cerro Bayo project (' Cerro Bayo ' or the ' Project '), located in the Deseado Massif, Santa Cruz Province, Argentina. The Company has completed purchase of historical exploration data collected by a previous operator at the project, including a 130-line-km gradient array Induced Polarization (' IP ') geophysical survey. The survey highlights pronounced chargeability and resistivity anomalies, spatially associated with historical drill targets identified by Barrick, and there is a strong correlation of chargeability anomalies with previously mapped mineralized structures. Importantly the anomalous geophysical trends are open to the northwest (Figure 1). Figure 1: Interpretation of gradient array IP data at Cerro Bayo showing chargeability (left) and resistivity (right) anomalies coincident with mapped mineralized veins and open to the northwest. Geophysical survey interpretation Gradient array IP is a well-established geophysical technique widely used in the exploration of low-sulfidation epithermal vein deposits, such as those found in the Deseado Massif. In these environments, chargeability anomalies typically indicate the presence of sulfide mineralization, while high resistivity values are often associated with quartz-rich and chalcedonic vein systems. Coincident high chargeability and high resistivity is the classic geophysical signature that geophysicists want to see in the Deseado Massif. We see this geophysical signature at Cerro Bayo (Figure 1) where outcropping structures and veins correlate well with high chargeability and high resistivity zones. The trend seen in the outcrops and the geophysical data is N30W, which is not only observed at Cerro Bayo, but also at other exploration projects and producing mines in the Deseado massif. Notably, the Eugenia and Gabriela target areas—historically outlined by Barrick—align with the highest-intensity geophysical anomalies. Additionally, while the historical survey covers only a portion of the Cerro Bayo property, all major anomalies remain open to the northwest, suggesting further potential. New exploration targets, including the Julia/Elena and Lara zones, have also emerged, revealing unrecognized strike extensions that warrant additional follow-up. Cerro Bayo and Regional Significance Cerro Bayo is situated within the highly prospective Deseado Massif, a prolific mining region known for its world-class gold and silver deposits. The area has a strong history of mining activity and hosts several producing and past-producing mines, underscoring its significant exploration potential. The mineralization at Cerro Bayo is consistent with epithermal gold-silver systems, which have yielded high-grade deposits across the region. Latin Metals' exploration efforts at the project benefit from an extensive historical dataset compiled by previous operators, including Barrick Gold, providing a strong foundation for ongoing and future work. Argentina's mining sector continues to attract growing foreign investment, driven by its rich mineral endowment and an evolving regulatory framework. The Santa Cruz province, in particular, plays a key role in the country's gold and silver production. Latin Metals' Cerro Bayo and La Flora projects align with this broader industry trend, reflecting the Company's commitment to systematic exploration and value generation through strategic partnerships. Latin Metals' recent exploration work at Cerro Bayo builds on Barrick's historical data. In late 2024, the Company expanded mapping efforts at Cerro Bayo and initiated exploration at La Flora for the first time. This work has standardized lithological interpretations across both areas, reinforcing the potential for further discoveries. Latin Metals Attends PDAC 2025 – Booth #2329 Latin Metals is currently attending PDAC 2025 in Toronto from March 2-5, 2025, engaging with investors and industry leaders to discuss its prospect generator model and exploration projects in Argentina & Peru. Visit us at Booth #2329 or schedule a meeting at info@ About Latin Metals Latin Metals is a mineral exploration company acquiring a diversified portfolio of assets in South America. The Company operates with a Prospect Generator model focusing on the acquisition of prospective exploration properties at minimum cost, completing initial evaluation through cost-effective exploration to establish drill targets, and ultimately securing joint venture partners to fund drilling and advanced exploration. Shareholders gain exposure to the upside of a significant discovery without the dilution associated with funding the highest-risk drill-based exploration. Stay up-to-date on Latin Metals developments by joining our online communities on X, Facebook, LinkedIn and Instagram. QA/QC The geophysical survey conducted over a total of 133 linear kilometers following a southwest to northeast orientation (N50E). Within the Project, the surveyed lines range in length from 380 meters to 7.9 kilometers, with a separation of 250 meters between each line. The geophysical survey was executed utilizing an IP transmitter IRI VIP 3000 (3.0 kW), with electrodes deployed in direct contact with the ground via stainless steel rods. The survey employed a Gradient Array configuration, featuring a 25-meter spaced Dipole, with Bipole lengths set at 2,000 and 3,000 meters per designated zone. Qualified Person Keith J. Henderson, is the Company's qualified person as defined by NI 43-101 and has reviewed the scientific and technical information that forms the basis for portions of this news release. He has approved the disclosure herein. Mr. Henderson is not independent of the Company, as he is an employee of the Company and holds securities of the Company. On Behalf of the Board of Directors of LATIN METALS INC. ' Keith Henderson ' President & CEO For further details on the Company readers are referred to the Company's web site ( and its Canadian regulatory filings on SEDAR+ at For further information, please contact: Keith Henderson Suite 890 - 999 West Hastings Street, Vancouver, BC, V6C 2W2 Phone: 604-638-3456 E-mail: info@ 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 news release. Cautionary Note Regarding Forward-Looking Statements This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation, the anticipated content, commencement, timing and cost of exploration programs in respect of the Property and otherwise, anticipated exploration program results from exploration activities, and the Company's expectation that it will be able to enter into agreements to acquire interests in additional mineral properties, the discovery and delineation of mineral deposits/resources/reserves on the Properties, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as "pro forma", "plans", "expects", "may", "should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, market fundamentals will result in sustained precious and base metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future development of the Company's Argentine projects in a timely manner, the availability of financing on suitable terms for the development, construction and continued operation of the Company projects, and the Company's ability to comply with environmental, health and safety laws. 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 differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks and other factors include, among others, operating and technical difficulties in connection with mineral exploration and development and mine development activities at the Properties, including the geological mapping, prospecting and sampling programs being proposed for the Properties (the "Programs"), actual results of exploration activities, including the Programs, estimation or realization of mineral reserves and mineral resources, the timing and amount of estimated future production, costs of production, capital expenditures, the costs and timing of the development of new deposits, the availability of a sufficient supply of water and other materials, requirements for additional capital, future prices of precious metals and copper, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, possible variations in ore grade or recovery rates, possible failures of plants, equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, delays or the inability of the Company to obtain any necessary permits, consents or authorizations required, any current or future property acquisitions, financing or other planned activities, changes in laws, regulations and policies affecting mining operations, hedging practices, currency fluctuations, title disputes or claims limitations on insurance coverage and the timing and possible outcome of pending litigation, environmental issues and liabilities, risks related to joint venture operations, and risks related to the integration of acquisitions, as well as those factors discussed under the heading as well as those factors discussed under the heading 'Risk Factors' in the Company's annual management's discussion and analysis and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company's profile on the SEDAR+ website at
Associated Press
02-03-2025
- Business
- Associated Press
Latin Metals Identifies Geophysical Anomalies at Cerro Bayo, Santa Cruz, Argentina
VANCOUVER, British Columbia, March 02, 2025 (GLOBE NEWSWIRE) -- Latin Metals Inc. ('Latin Metals' or the 'Company') - (TSXV: LMS) (OTCQB: LMSQF) is pleased to announce the identification of significant geophysical anomalies at its Cerro Bayo project ('Cerro Bayo' or the 'Project'), located in the Deseado Massif, Santa Cruz Province, Argentina. The Company has completed purchase of historical exploration data collected by a previous operator at the project, including a 130-line-km gradient array Induced Polarization ('IP') geophysical survey. The survey highlights pronounced chargeability and resistivity anomalies, spatially associated with historical drill targets identified by Barrick, and there is a strong correlation of chargeability anomalies with previously mapped mineralized structures. Importantly the anomalous geophysical trends are open to the northwest (Figure 1). Figure 1: Interpretation of gradient array IP data at Cerro Bayo showing chargeability (left) and resistivity (right) anomalies coincident with mapped mineralized veins and open to the northwest. Geophysical survey interpretation Gradient array IP is a well-established geophysical technique widely used in the exploration of low-sulfidation epithermal vein deposits, such as those found in the Deseado Massif. In these environments, chargeability anomalies typically indicate the presence of sulfide mineralization, while high resistivity values are often associated with quartz-rich and chalcedonic vein systems. Coincident high chargeability and high resistivity is the classic geophysical signature that geophysicists want to see in the Deseado Massif. We see this geophysical signature at Cerro Bayo (Figure 1) where outcropping structures and veins correlate well with high chargeability and high resistivity zones. The trend seen in the outcrops and the geophysical data is N30W, which is not only observed at Cerro Bayo, but also at other exploration projects and producing mines in the Deseado massif. Notably, the Eugenia and Gabriela target areas—historically outlined by Barrick—align with the highest-intensity geophysical anomalies. Additionally, while the historical survey covers only a portion of the Cerro Bayo property, all major anomalies remain open to the northwest, suggesting further potential. New exploration targets, including the Julia/Elena and Lara zones, have also emerged, revealing unrecognized strike extensions that warrant additional follow-up. Cerro Bayo and Regional Significance Cerro Bayo is situated within the highly prospective Deseado Massif, a prolific mining region known for its world-class gold and silver deposits. The area has a strong history of mining activity and hosts several producing and past-producing mines, underscoring its significant exploration potential. The mineralization at Cerro Bayo is consistent with epithermal gold-silver systems, which have yielded high-grade deposits across the region. Latin Metals' exploration efforts at the project benefit from an extensive historical dataset compiled by previous operators, including Barrick Gold, providing a strong foundation for ongoing and future work. Argentina's mining sector continues to attract growing foreign investment, driven by its rich mineral endowment and an evolving regulatory framework. The Santa Cruz province, in particular, plays a key role in the country's gold and silver production. Latin Metals' Cerro Bayo and La Flora projects align with this broader industry trend, reflecting the Company's commitment to systematic exploration and value generation through strategic partnerships. Latin Metals' recent exploration work at Cerro Bayo builds on Barrick's historical data. In late 2024, the Company expanded mapping efforts at Cerro Bayo and initiated exploration at La Flora for the first time. This work has standardized lithological interpretations across both areas, reinforcing the potential for further discoveries. Latin Metals Attends PDAC 2025 – Booth #2329 Latin Metals is currently attending PDAC 2025 in Toronto from March 2-5, 2025, engaging with investors and industry leaders to discuss its prospect generator model and exploration projects in Argentina & Peru. Visit us at Booth #2329 or schedule a meeting at [email protected] About Latin Metals Latin Metals is a mineral exploration company acquiring a diversified portfolio of assets in South America. The Company operates with a Prospect Generator model focusing on the acquisition of prospective exploration properties at minimum cost, completing initial evaluation through cost-effective exploration to establish drill targets, and ultimately securing joint venture partners to fund drilling and advanced exploration. Shareholders gain exposure to the upside of a significant discovery without the dilution associated with funding the highest-risk drill-based exploration. Stay up-to-date on Latin Metals developments by joining our online communities on X, Facebook, LinkedIn and Instagram. QA/QC The geophysical survey conducted over a total of 133 linear kilometers following a southwest to northeast orientation (N50E). Within the Project, the surveyed lines range in length from 380 meters to 7.9 kilometers, with a separation of 250 meters between each line. The geophysical survey was executed utilizing an IP transmitter IRI VIP 3000 (3.0 kW), with electrodes deployed in direct contact with the ground via stainless steel rods. The survey employed a Gradient Array configuration, featuring a 25-meter spaced Dipole, with Bipole lengths set at 2,000 and 3,000 meters per designated zone. Qualified Person Keith J. Henderson, is the Company's qualified person as defined by NI 43-101 and has reviewed the scientific and technical information that forms the basis for portions of this news release. He has approved the disclosure herein. Mr. Henderson is not independent of the Company, as he is an employee of the Company and holds securities of the Company. On Behalf of the Board of Directors of LATIN METALS INC. ' Keith Henderson ' President & CEO For further details on the Company readers are referred to the Company's web site ( and its Canadian regulatory filings on SEDAR+ at For further information, please contact: Keith Henderson Suite 890 - 999 West Hastings Street, Vancouver, BC, V6C 2W2 Phone: 604-638-3456 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 news release. Cautionary Note Regarding Forward-Looking Statements This news release contains forward-looking statements and forward-looking information (collectively, 'forward-looking statements') within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation, the anticipated content, commencement, timing and cost of exploration programs in respect of the Property and otherwise, anticipated exploration program results from exploration activities, and the Company's expectation that it will be able to enter into agreements to acquire interests in additional mineral properties, the discovery and delineation of mineral deposits/resources/reserves on the Properties, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as 'pro forma', 'plans', 'expects', 'may', 'should', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates', 'believes', 'potential' or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, market fundamentals will result in sustained precious and base metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future development of the Company's Argentine projects in a timely manner, the availability of financing on suitable terms for the development, construction and continued operation of the Company projects, and the Company's ability to comply with environmental, health and safety laws. 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 differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks and other factors include, among others, operating and technical difficulties in connection with mineral exploration and development and mine development activities at the Properties, including the geological mapping, prospecting and sampling programs being proposed for the Properties (the 'Programs'), actual results of exploration activities, including the Programs, estimation or realization of mineral reserves and mineral resources, the timing and amount of estimated future production, costs of production, capital expenditures, the costs and timing of the development of new deposits, the availability of a sufficient supply of water and other materials, requirements for additional capital, future prices of precious metals and copper, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, possible variations in ore grade or recovery rates, possible failures of plants, equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, delays or the inability of the Company to obtain any necessary permits, consents or authorizations required, any current or future property acquisitions, financing or other planned activities, changes in laws, regulations and policies affecting mining operations, hedging practices, currency fluctuations, title disputes or claims limitations on insurance coverage and the timing and possible outcome of pending litigation, environmental issues and liabilities, risks related to joint venture operations, and risks related to the integration of acquisitions, as well as those factors discussed under the heading as well as those factors discussed under the heading 'Risk Factors' in the Company's annual management's discussion and analysis and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company's profile on the SEDAR+ website at
Yahoo
06-02-2025
- Business
- Yahoo
Provenance Gold Engages Drilling Contractor for March Drill Mobilization and Commences Drone-Based Airborne Magnetic Survey at its Eldorado Property
Vancouver, British Columbia--(Newsfile Corp. - February 6, 2025) - Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) (the "Company" or "Provenance") is pleased to announce that it has engaged Boart Longyear ("Longyear"), a highly experienced drilling company operating in the western US since 1890, as its new drilling contractor for the Eldorado project. The Company will work closely with Longyear via their key operator to ensure the drill program is efficient, effective and on budget. Reverse circulation (RC) drilling is expected to commence in early March, weather permitting. Provenance also announces that a drone-based airborne magnetic survey will commence in February at its Eldorado property in eastern Oregon. The survey will be conducted by Zonge International Inc. and is designed to further refine the understanding of mineralized structures at Eldorado and to uncover additional property-wide exploration targets using the resultant 3D voxel model to be generated from this data. The strong correlation between highly mineralized drill holes, magnetic and IP data suggests that a high resolution 3-D magnetic survey will be a very valuable tool to assist in accurately defining drill targets (see Figures 1 & 2). "We are excited to expand our exploration efforts with the upcoming airborne magnetic survey," said Rauno Perttu, CEO of Provenance. "The historic magnetic data already shows a significant correlation with areas of strong mineralization and specific magnetic characteristics. Large untested regions display these magnetic characteristics. This survey will cover the entire property, helping to pinpoint additional targets and improving the precision of our drilling program." Provenance looks forward to exploring and growing the gold system at Eldorado and to a successful year of exploration ahead. Details of the upcoming drill program will be announced when finalized. Eldorado Highlights The Eldorado project hosts a large structurally controlled gold system, currently defined by 241 historic drill holes and 14 drill holes by Provenance. The gold system remains open in all directions. Gold mineralization at Eldorado is primarily associated with an altered diorite intrusive, with historic regional magnetic surveys demonstrating a strong correlation between mineralization and magnetic destruction caused by mineralizing fluid flow. Provenance's recent Induced Polarization (IP) survey, along with historical regional magnetics, has highlighted structural pathways for the mineralizing fluids. This year's staged 10,000+ meter RC and core drilling program will focus on expanding and infilling known mineralized areas while also conducting a major step-out program to explore new areas beyond previous drilling identified through geological mapping, prospecting, and geophysical and LiDar surveys. Figure 1: The northern part of the property shows strongly colored and altered rock from an adjacent prospect pit that was exposed by last year's range fire. These unexplored areas will all be covered by the drone survey. To view an enhanced version of this graphic, please visit: Figure 2: The foreground shows new exposures of mineralized bedrock that will be included in the magnetic survey. The drill rig in the far-left distance to the north is in the middle of Provenance's drilling area of the past two years. To view an enhanced version of this graphic, please visit: EC-02 and EC-03 Assay Update The Company is expecting the results from these two holes imminently and results will be announced once analyzed and reviewed. Although drilling at EC-02 and EC-03 encountered significant operational challenges as well as drilling ground condition difficulties within fault structures, the Company believes the information gained will create a clearer picture of the mineralization in the area between the first zone and the boulder zone which will help guide exploration in that part of the property. Additionally, the Company is working diligently to facilitate a more timely turnaround of results. Qualified Person The technical content disclosed in this press release was reviewed and approved by Jo Price, a Qualified Person as defined under National Instrument 43-101. About Provenance Gold Corp. Provenance Gold Corp. is a precious metals exploration company with a focus on gold and silver mineralization within North America. The Company currently holds interests in Nevada, and eastern Oregon, USA Provenance is also active on social media and invites investors to follow us on X to stay up to date with our latest news and developments: For further information please visit the Company's website at or contact: Rauno Perttu, CEOrkperttu@ On behalf of the Board,Provenance Gold Perttu, Chief Executive Officer Safe Harbor Statement: Neither the Canadian Securities Exchange, nor its regulation services provider, accepts responsibility for the adequacy or accuracy of this press release. This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking statements or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause 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. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations. To view the source version of this press release, please visit
