Latest news with #ThomasChief
Yahoo
29-05-2025
- Business
- Yahoo
Solis Announces: Diamond Drill Rig Arrives at Chancho al Palo, Peru
West Leederville, Western Australia--(Newsfile Corp. - May 29, 2025) - Solis Minerals Limited (ASX: SLM) (TSXV: SLMN) (OTCQB: SLMFF) ("Solis Minerals" or "the Company") is pleased to announce an update pertaining to its 100 per cent owned Chancho al Palo project in Peru. A diamond drill rig has arrived at Chancho al Palo supported by leading local drilling company, AKD International ("AKD"). The Chancho al Palo diamond drill programme comprises approximately 2,500 metres across several priority targets (Figure 2), designed to test multiple anomalies identified during surface mapping, sampling and geophysics1. Figure 1: Arrival of diamond drill rig to Chancho al Palo, Peru To view an enhanced version of this graphic, please visit: Chief Executive Officer, Mitch Thomas, commented: "The Company is pleased to report that the drill rig has safely arrived at Chancho al Palo. This will be the first time the concession has been drilled, and we're targeting a series of compelling porphyry and IOCG anomalies identified through geochemical and geophysical work. Importantly, Chancho al Palo is located 10 kilometres from the coast and 25 kilometres from Southern Copper's smelter and refinery complex. Southern Copper is Peru's largest copper producer and holds tenements adjacent to Chancho al Palo, further validating the geological potential of the area. We expect assay results in July 2025 and look forward to building on this momentum with drilling at Ilo Este, anticipated to commence in June pending final permits. I am travelling to Peru this weekend to oversee commencement of drilling at our Chancho al Palo and Ilo Este projects. It's an exciting period as we systematically test high-priority targets across our Peruvian portfolio." 1 Refer to ASX:SLM announcement 29 April 2024 "Exploration update for Peru, Borborema, Brazil" Figure 2: Chancho al Palo drill targets over magnetic susceptibility plot. Targets include IP (1A and 1B) and magnetometry (M1 - M3) anomalies. Initial drill programme of 2,500 metres reflects a portion of the planned drill holes shown. Sequence and number of actual drill holes to be determined subject to programme results (refer to ASX Announcement 29 April 2024). To view an enhanced version of this graphic, please visit: This announcement is authorised for release by the Board. ContactMitch ThomasChief Executive Officer Solis Minerals Limitedmthomas@ 458 890 355 Media & Broker Enquiries: Fiona Marshall & Jason Mack White Noise Communications fiona@ jason@ 400 643 799 Neither the TSX Venture Exchange ("TSXV") nor its Regulation Service Provider (as the term is defined in the policies of the TSXV) accepts responsibility for the accuracy of this news release. About Solis Minerals Limited Solis Minerals is an emerging exploration company, focused on unlocking the potential of its South American copper portfolio. The Company is building a significant copper portfolio around its core tenements of Ilo Este and Ilo Norte and elsewhere in the Coastal Belt of Peru. Solis holds concessions totalling 69,200 hectares. The Company is led by a highly-credentialled and proven team with excellent experience across the mining lifecycle in South America. Solis is actively considering a range of copper opportunities. South America is a key player in the global export market for copper and Solis, under its leadership team, is strategically positioned to capitalise on growth opportunities within this mineral-rich region. Forward-Looking Statements This news release contains certain forward-looking statements that relate to future events or performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected, including, but not limited to, market conditions, availability of financing, actual results of the Company's exploration and other activities, environmental risks, future metal prices, operating risks, accidents, labour issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR+ at These forward-looking statements are made as of the date hereof, and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law. Qualified Person Statement The technical information in this news release was reviewed by Michael Parker, a Fellow of the Australian institute of Mining and Metallurgy (AusIMM), a qualified person as defined by National Instrument 43-101 (NI 43-101). Michael Parker is Technical Director of the Company. Competent Person Statement The information in this ASX release concerning Geological Information and Exploration Results is based on and fairly represents information compiled by Mr Michael Parker, a Competent Person who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Parker is Technical Director of Solis Minerals Ltd. and has sufficient experience which is relevant to the style of mineralisation and types of deposit under consideration and to the exploration activities undertaken to qualify as a Competent Person as defined in the 2012 Edition of the "Australian Code for Reporting of Mineral Resources and Ore Reserves". Mr Parker consents to the inclusion in this report of the matters based on information in the form and context in which it appears. Mr Parker has provided his prior written consent regarding the form and context in which the Geological Information and Exploration Results and supporting information are presented in this Announcement. To view the source version of this press release, please visit Sign in to access your portfolio
Yahoo
26-05-2025
- Business
- Yahoo
PPX Mining Announces an Extension of the Drill Program for the Callanquitas Gold-Silver Deposit
TORONTO, ON / / May 26, 2025 / PPX Mining Corp. (TSXV:PPX)(BVL:PPX) (the "Company" or "PPX")is pleased to announce a significant expansion of its ongoing diamond drilling campaign. The current program, originally planned for 2,300 meters, has been extended to a total of 4,200 meters. This extension aims to meaningfully increase the Company's mineral resource base at its Callanquitas Mine. Highlights: The decision to extend the drilling program was jointly made by PPX's geological team and their counterparts at Proyectos La Patagonia S.A.C., the Company's mining partner at the Callanquitas Mine. The drilling of the Callanquitas West structure ("CW"), parallel formation to the Eastern structure which has been mined to date, will be extended with the objective of establishing a resource. The CW structure has a surface expression showing high-grades and the southern extension has been mined in the past. The first two holes (see press release dated May 13th, 2025) showed the presence of oxidized breccia with significant gold grades and appears to mirror the Callanquitas East structure. The drilling plan for the area where a tensional fault was identified in 2024 and reported in a press release dated March 7 (hole CA-24-07) has been extended as this zone appears to have potential for high grade sulfide ore, as the drill results gave a 9.2 meters intersection with 10.3 g/t gold and 1670 g/t silver. Drilling will be completed for two more holes targeting CW, the drill will then be moved to drill the area of the tensional fault. All drilling will be carried out from underground, two drill chambers are ready for use, a third will be excavated for drilling the northern end of CW. Using underground drilling reduces the length of the drill holed required and eliminates any delays associated with permitting surface drilling. The cost of the extended program is estimated to be US$1,215,000, including taxes. All scientific and technical information contained in this press release has been reviewed and approved by Eddy Canova, PGeo., External Consulting Geologist of PPX Mining Corp., who is a qualified person within the meaning of National Instrument 43-101. On behalf of the Board MembersJohn ThomasChief Executive Officer82 Richmond Street EastToronto, Ontario M5C 1P1Canada416-361-0737 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. Cautionary Statement: Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain disclosures in this release may constitute "forward-looking statements" within the meaning of the United States Securities Litigation Reform Act of 1995 and the Canadian securities legislation. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that it believes are reasonable. However, forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties are detailed from time to time in the Company's filings with relevant securities commissions, and may include, but are not limited to, market conditions, and delays in obtaining or failing to obtain regulatory approvals or financing. 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. Readers should not place undue reliance on forward-looking statements. The Company has no intention, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. SOURCE: PPX Mining Corp. View the original press release on ACCESS Newswire Sign in to access your portfolio
Yahoo
24-04-2025
- Business
- Yahoo
Solis Announces Succesful Closing of Tranche 2 Placement
West Leederville, Western Australia--(Newsfile Corp. - April 23, 2025) - The Directors of Solis Minerals Ltd. (ASX: SLM) (TSXV: SLMN) (OTCQB: SLMFF) (FSE: 08W) ("Solis Minerals" or "the Company"), are pleased to advise that the Company has closed Tranche 2 of the Placement, issuing a total of 30,979,957 CHESS Depositary Interests (CDIs) over common shares at A$0.085 per New Share along with 26,470,627 unlisted options exercisable at A$0.16 with a two- year term, to raise gross proceeds of A$2,633,296.35. Assisting brokers received, in aggregate, fees of 6% of the funds raised under the Placement, being a total of $145,697.78 in connection with the closing of Tranche 2. The brokers will also receive 12,632,353 unlisted options exercisable at A$0.14875 with a three-year term. Tranche 2 of the Placement was approved by shareholders at a Special Shareholder Meeting of the Company held 16 April 2025. A further 294,118 CDIs at A$0.085 per New Share along with 147,059 unlisted options exercisable at A$0.16 with a two-year term, are being issued on the same terms for aggregate cash proceeds of A$25,000. The Company's total issued equity capital post Tranche 2 allotment is 141,080,178 shares. Additionally, the Company has issued 6,000,000 performance rights to its CEO and 6,800,000 performance rights to its Directors with the terms and conditions disclosed under Schedules 4 and 5, respectively of the Notice of Special Meeting released to the ASX on 19 March 2025. CDIs trading on the ASX issued on account of the shares cannot be converted into common shares of the Company for the purposes of trading such shares in Canada until four months and one day have elapsed from the issuance date. This announcement is authorised for release by the Board. ContactMitch ThomasChief Executive OfficerSolis Minerals Limited+61 458 890 355 Media & Broker Enquiries:Fiona Marshall & Jason MackWhite Noise Communicationsfiona@ 400 512 109 Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release. About Solis Minerals Limited Solis Minerals is an emerging exploration company, focused on unlocking the potential of its South American copper portfolio. The Company is building a significant copper portfolio around its core tenements of Ilo Este and Ilo Norte and elsewhere in the Coastal Belt of Peru. Solis holds 81 concessions totalling 69,200 Ha. 47 concessions are granted (39,000 Ha) and 34 concessions are being processed (30,200 Ha). The Company is led by a highly-credentialled and proven team with excellent experience across the mining lifecycle in South America. Solis is actively considering a range of copper opportunities. South America is a key player in the global export market for copper and Solis, under its leadership team, is strategically positioned to capitalise on growth the opportunities within this mineral-rich region. To view the source version of this press release, please visit Sign in to access your portfolio
Yahoo
25-03-2025
- Business
- Yahoo
Solis Minerals Announces TSXV Approval of Tranche 2 Placement Closing Date
Perth, Western Australia--(Newsfile Corp. - March 25, 2025) - Solis Minerals Limited (ASX: SLM) (TSXV: SLMN) (OTCQB: SLMFF) (FSE: 08W) ("Solis Minerals" or "the Company") provides the following update regarding its Tranche 2 placement. Under TSX Venture Exchange ("TSXV") requirements, placements must close within 45 days of announcement. Solis Minerals announced its Tranche 1 and 2 placements on 26 February 2025. To accommodate the Special Shareholder Meeting scheduled for 16 April 2025, the TSXV has granted a 30-day extension from today for the closing of the Tranche 2 placement. This announcement is authorised for release by the Board. ContactMitch ThomasChief Executive OfficerSolis Minerals Limited+61 458 890 355 Media & Broker Enquiries: Fiona Marshall & Jason MackWhite Noise Communications fiona@ 400 512 109 Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release. About Solis Minerals Limited Solis Minerals is an emerging exploration company, focused on unlocking the potential of its South American copper portfolio. The Company is building a significant copper portfolio around its core tenements of Ilo Este and Ilo Norte and elsewhere in the Coastal Belt of Peru. Solis holds 81 concessions totalling 69,200 Ha. 47 concessions are fully granted (39,000 Ha) and 34 concessions are being processed (30,200 Ha). The Company is led by a highly-credentialled and proven team with excellent experience across the mining lifecycle in South America. Solis is actively considering a range of copper opportunities. South America is a key player in the global export market for copper and Solis, under its leadership team, is strategically positioned to capitalise on growth the opportunities within this mineral-rich region. To view the source version of this press release, please visit
Miami Herald
31-01-2025
- Business
- Miami Herald
Exxel Pharma to Participate in a 'New to Virtual Investor' Segment
Live moderated video webcast on Wednesday, February 5th at 4:00 PM ET AURORA, CO / ACCESS Newswire / January 31, 2025 / Exxel Pharma ("Exxel" or the "Company"), a pharmaceutical company dedicated to developing novel therapeutics for the treatment of neuronal hypersensitivity disorders, today announced that it will participate in a "New to Virtual Investor" segment on Wednesday, February 5, 2025 at 4:00 PM ET. As part of the event, Soren Mogelsvang, PhD, President and Chief Executive Officer of Exxel Pharma, will provide a corporate overview and business outlook. In addition to the moderated discussion, investors and interested parties will have the opportunity to submit questions live during the event. The Company will answer as many questions as possible in the time allowed. A live video webcast will be available on the Investors page of the Company's website ( Viewers can also access the event on the Virtual Investor website at About Exxel Pharma Exxel Pharma is a privately held pharmaceutical company focused on developing innovative therapeutics for neuronal hypersensitivity disorders. The Company's lead program, EX937, is a first-in-class, orally administered, proprietary small molecule designed to specifically and peripherally inhibit the fatty acid amide hydrolase (FAAH) enzyme. Exxel is initiating a first-in-human Phase 1/1b clinical study of EX937 for refractory chronic cough, a significant unmet medical need with no FDA-approved treatments. In preclinical studies, EX937 demonstrated robust efficacy in modulating chronic cough across multiple models. Furthermore, it has shown a favorable safety profile and is designed to avoid central side effects by being entirely excluded from the brain. EX937 also holds promise for a range of high-value indications, including hyperactive bladder, peripheral painful neuropathies, and migraine headaches. In addition to EX937, Exxel Pharma is advancing its ARN compounds, a second lead program targeting social anxiety disorder and autism spectrum disorder. Investor ContactJenene ThomasChief Executive OfficerJTC Team, LLCT: 908.824.0775E: exxel@ SOURCE: Exxel Pharma, Inc.
