Latest news with #ZTEM
Yahoo
03-06-2025
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Midland Begins Major Airborne Electromagnetic Survey in Nunavik, Quebec, for Copper-Nickel as Part of its Strategic Alliance with BHP
Figure 1 MONTREAL, June 03, 2025 (GLOBE NEWSWIRE) -- Midland Exploration Inc. ('Midland') (TSX-V: MD) is pleased to announce the start of an important copper-nickel exploration program in Nunavik, following exploration work from 2020 to 2024, during which new Cu-Ni-Co mineralized showings were discovered. This new program will be carried out within the framework of the strategic alliance (the 'Alliance'), signed in August 2020 between Midland's wholly owned subsidiary, Midland Base Metals Inc., and Rio Algom Limited, a wholly owned subsidiary of BHP Group Limited ('BHP'). The 2025 exploration program will focus on a new major crustal-scale structure and its subsidiary faults, which were identified during the regional magnetotelluric ("MT") survey and the Z-Tipper axis airborne electromagnetic ("ZTEM") survey, conducted in 2022-2023. These structures, previously poorly recognized, are considered favorable for copper-nickel mineralization. The 2025 program will consist of an airborne HeliTEM® time-domain electromagnetic ("TDEM") survey. Highlights:New Cu-Ni-Co showings and occurrences identified from 2022 to 2024 The Copper-Nickel Exploration Alliance with BHP is primarily targeting mafic troctolite/olivine gabbro intrusive rocks similar to those at Voisey's Bay and the Nain, but which have been the subject of much less historical exploration in Quebec. Nevertheless, several Cu-Ni-Co prospects and showings have been recently discovered there. The 2024 exploration program focused on a major crustal-scale structure and its subsidiaries, which were identified during a regional MT survey in 2022 and refined during the regional Z-Tipper axis airborne electromagnetic ('ZTEM') survey conducted in 2023. These previously poorly recognized structures would be potentially favorable for copper-nickel mineralization and were therefore followed up with a lake-bottom sediment survey totaling 1,383 samples in 2023. Prospecting programs in 2022-2023 targeting these structures led to the identification of the Target 22 showing, where selected grab samples returned grades of 0.81% Ni, 0.22% Cu and 0.19% Co. The Soisson Intrusive Suite was also recognized over a distance of 15 kilometers long with some local mineralized outcrops (see Midland press release dated July 3, 2024). The 2024 prospecting campaign identified four (4) unmapped Soisson intrusions as well as mineralization in one of them. Selected grab samples returned grades of 0.3% Cu and 0.4% Ni, suggesting Ni/Cu ratios of approximately 1.5, similar to and/or higher than the ratio obtained in other Soisson intrusions in the area. Regional MT Surveys Completed in 2022 Regional MT surveys consisting of approximately 230 stations in three blocks were completed in 2022 in the Alliance prospect area. Using a mineralizing systems approach, the objective of the surveys was to identify structures that may have channeled copper-nickel-bearing mafic magmas from the mantle to the upper crust. A major crustal-scale structure (the Abloviak Shear Zone) is evident at the Voisey's Bay Cu-Ni-Co Mine in Labrador and is interpreted to have been critical to the genesis of the deposit. The 2022 MT surveys identified a new major crustal-scale structure, which is interpreted to cross the entire prospect area. This structure is a high-priority target for copper-nickel exploration. Lake sediment survey in July 2023 A high-density lake sediment survey comprising approximately 1,383 samples was conducted in July 2023 to cover the crustal-scale structure identified during the 2022 MT survey. Several copper-nickel anomalies were detected. One of these led to the discovery of a new copper-nickel mineralized intrusion during the 2024 prospecting campaign. ZTEM electromagnetic survey in July 2023 and TDEM survey in June 2025 A Z-Tipper axis electromagnetic (ZTEM) survey was also conducted on the crustal-scale structure. The survey clarified the location and orientation of the structure near the surface and potentially identified conductive anomalies caused by copper-nickel mineralization. Due to adverse weather conditions, the regional helicopter-borne time-domain electromagnetic (HeliTEM®) survey planned for 2024 has been postponed to 2025. A budget has been approved to conduct this approximately 6,600 line-kilometer HeliTEM® airborne survey, which will begin in June 2025. Cautionary Statements: Note that grades obtained in grab samples may not be representative of mineralized zones. The true widths of the reported channel intervals are not known at this time with the available information. The mineralization encountered in the Voisey's Bay area of Labrador is not necessarily indicative of the mineralization that could be found in the Company's project discussed in this press release. Quality control During the last prospecting program, assay samples (grab) were taken and sent to a certified commercial laboratory (Actlab). A strict QA/QC program was applied to all samples which includes insertion of mineralized standards and blank samples for each batch of 20 samples. The gold analyses were completed by fire-assayed with an atomic absorption finish on 50 grams of materials. The samples were also analyzed using a geochemical group of 60 multi-elements by 4-acid digestion followed by ICP-OES (Inductively Coupled Plasma Optical Emission spectroscopy) finishing. About Midland Midland targets the excellent mineral potential of Quebec to make the discovery of new world-class deposits of gold and critical metals. Midland is proud to count on reputable partners such as BHP , Rio Tinto Exploration Canada Inc., Agnico Eagle Mines Limited, Wallbridge Mining Company Ltd, Probe Gold Inc., Electric Elements Mining Corp., SOQUEM Inc., Nunavik Mineral Exploration Fund, and Abcourt Mines Inc. Midland prefers to work in partnership and intends to quickly conclude additional agreements in regard to newly acquired properties. Management is currently reviewing other opportunities and projects to build up the Corporation portfolio and generate shareholder value. Qualified Person and Exploration Director Richard D St-Cyr prepared this press release and verified the scientific and technical information disclosed herein the Alliance Ni project data as Midland's qualified person (QP) within the meaning of National Instrument 43-101. For further information, please consult Midland's website or contact: Gino Roger, President and Chief Executive OfficerTel.: 450 420-5977Fax: 450 420-5978Email: 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 Information This news release contains forward-looking statements and forward-looking information (together, 'forward-looking statements') within the meaning of applicable securities laws. Forward-looking statements include the funding under the Generative Phase, the advancement of a project to the Testing Phase, the expenditure amount under the Testing Phase, the payment of success fees to Midland, the advancement of a project to the Joint Venture Phase and other estimates and statements that describe Midland's future plans, objectives or goals, including words to the effect that Midland or management expects a stated condition or result to occur. All statements, other than statements of historical facts, are forward-looking statements. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include, without limitation, certain rights of BHP to cease funding under the Alliance, the results of exploration in the AOI, the ability of Midland to contribute funding to maintain its interests in Designated Projects, the ability of Midland to fund its contributions under a joint venture, if formed, or have any participating interest diluted, changes in general economic conditions and conditions in the financial markets, changes in demand and prices for minerals, failure to obtain the requisite permits and approvals from government bodies and third parties, regulatory and governmental policy changes (laws and policies) and those risks set out in Midland's public documents, including in each management discussion and analysis, filed on SEDAR at Although Midland believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, Midland disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. A photo accompanying this announcement is 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
Yahoo
28-05-2025
- Business
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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
Yahoo
23-04-2025
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Silver One Provides Corporate Update on Its Nevada and Arizona Projects, Southwest USA
Vancouver, British Columbia--(Newsfile Corp. - April 23, 2025) - Silver One Resources Inc. (TSXV: SVE) (OTCQX: SLVRF) (FSE: BRK1) ("Silver One" or the "Company") is pleased to provide an update to our shareholders, outlining exploration and development progress made in 2024 as well as to provide an outlook for 2025. Silver One owns three highly prospective projects in two of the most favorable mining jurisdictions in the world, Nevada and Arizona. Its flagship project, the past producing Candelaria silver mine in Nevada, hosts a current silver resource plus a historic silver resource that is presently being updated, and is advancing towards potential development. Phoenix Silver in Arizona is a high-grade silver prospect with multiple silver exploration targets. It also has excellent potential for the discovery of porphyry-style copper-silver mineralization as it lies in the prolific Miami-Inspiration copper district. The prospect is 5 km northeast of Freeport McMoRan's mining complex and BHP's porphyry exploration projects, all developed along a 50+ km long belt hosting multiple mines and exploration projects. Cherokee, in eastern Nevada, is a highly prospective silver-copper-gold exploration property that also has porphyry copper potential. Gregory Crowe, President and CEO commented: "Few companies can boast the number and quality of Silver One's assets. Our projects span the range from early exploration to pre-development. Silver One is moving forward on all its properties including completing an in-ground resource and an economic study (Preliminary Economic Assessment "PEA") for its Candelaria project. The Phoenix Silver project continues to impress with the number of new targets generated from the Company's work in 2024 and with the exploration success of BHP in its Ocelot project, adjacent on the south of Silver One's property, as well as with its proximity to numerous Major and Junior company mines and prospects. Cherokee is an early stage, highly prospective exploration target. The Company has aggressive programs scheduled for 2025 and has an optimistic outlook on the future exploration of all its properties." Next Steps Candelaria Update historical resource to current resource Economic Study (PEA) Drilling to expand the mineralization of the historical resource as well as drilling for additional metallurgical testing Phoenix Silver Sampling and mapping of silver nugget train north of 417 area Assessment of other silver targets Induced Polarization (IP) to test ZTEM porphyry copper-silver targets Gravity survey to assist in the definition of silver targets for future drilling. Cherokee Continue mapping and sampling IP in southern part of the property to assess porphyry potential Details on the projects are below. For more detail visit Candelaria, Nevada Candelaria is a past producing silver mine in western Nevada (Figure 1). It was last operated by Kinross Gold Corp., who closed the mine in 1997 when silver prices plummeted to under US$5 per ounce. Silver Standard acquired the property in the early 2000's and completed an in-ground resource, now historic. Silver prices remained historically low in 2002 when Silver Standard began focusing on other projects. Silver One acquired the project from Silver Standard (now SSR Mining), gaining a 100% interest in 2023. Since discovery in 1864, Candelaria has produced an estimated 68 million ounces of silver. The project hosts two large, silver bearing historic heap leach pads and two historic open pits developed along a strong easterly trending regional mineralized structure. Silver One has drilled the two heap leach pads as well as conducted three drilling campaigns of the in-ground mineralization around the open pits, and metallurgical testing on both leach-pad and in-ground mineralization. The heaps contain a current resource containing 30.017 million ounces of silver (Indicated) plus 15.397 million ounces of silver (Inferred). The historical resource on the in-ground mineralization, marginal to the open pits, consists of 44.06 million ounces of silver Measured and Indicated, plus 34.676 million ounces of silver Inferred. Details of the resources can be seen by visiting Silver One has completed enough in-ground drilling to upgrade the historic mineral resource to a current mineral resource in 2025. Extensive metallurgical testing conducted by the company has yielded excellent results, showing significant increase in silver recoveries that exceed historic silver recoveries. The most recent metallurgical testing was conducted by Extrakt Processing Solutions ("EPS" or "Extrakt"), who has a strategic global alliance with Bechtel Energy Technologies & Solutions, Inc. ("Bechtel") to commercialize Extrakt's TNSTM technology. Extrakt has developed proprietary, non-toxic, cyanide-free leaching solutions that have yielded excellent results on Candelaria samples. Results to date indicate that these solutions significantly increase silver recoveries, potentially doubling the recoveries achieved with traditional cyanide leaching on heap leach pad material and increasing them on the fresh material (see news release Feb 26, 2025). In 2025, Silver One is nearing completion of a current mineral resource on the in-ground, near surface mineralization. The Company is also working on a preliminary economic study (PEA), which will encompass the current heap leach pad resource and the upcoming in-ground resource, comparing a cyanide leaching scenario to one using Extrakt's proprietary solutions. The Company will also contemplate additional drilling to look at extending mineralization beyond the area of the updated resource. These are important steps as the Company moves the project closer to the development stage. Figure 1. Candelaria site map. To view an enhanced version of this graphic, please visit: Phoenix Silver, Arizona Phoenix Silver is a unique property (See Figures 2 and 3). It lies at the northeastern end of a 50+ km long mineralized belt that is host to multiple porphyry copper and silver mines and deposits. Silver One completed the acquisition of a 100% interest in the project in 2024, initially acquired due to the discovery of very high-grade silver vein fragments. One of the fragments weighed 417 pounds (189 kg) and was estimated to contain over 70% silver. Over 200 silver fragments have been discovered on small (just over 1%) portions of the 15,000 acres property. An airborne ZTEM (electromagnetic) survey conducted across the entire property in October 2024 identified several new silver targets (see news release of Feb 20, 2025). In addition, Company geologists identified another target consisting of a train of 40+ silver nuggets to the north of the 417 vein system. This area has not been explored in detail (Nuggets North target). The ZTEM survey also outlined two priority porphyry targets that warrant follow up exploration. These occur at a lower elevation in the southern part of the property, where multiple select rock samples returned strongly elevated copper and silver values (see news release of Feb 20, 2025). This area is along strike and 5 km from Freeport McMoRan's Miami-Inspiration copper mining complex and BHP's new Ocelot copper porphyry prospect. All occur within a 50+ long mineralized belt hosting multiple copper and silver properties including BHP-Rio Tinto's Resolution project, Capstone's Pinto Valley Mine and KGHM's Carlota project, among others. An east-west structure thought to be the host of these larger silver vein fragments was drilled in late 2024 (see news release Feb 24, 2025). Anomalous silver with copper, lead and zinc values were encountered in many of the holes drilled. Extremely high-grade massive silver was not intercepted, which suggests that the targeted massive silver may occur in discontinuous ore shoots in-between drill intercepts, and/or at deeper depths. Silver One is proposing to complete a gravity survey in the 417 area to potentially better define silver targets, and additionally complete detailed mapping and sampling in the area of the train of silver nuggets north of the 417 area (Nuggets North). The Company also intends to complete an IP survey in the southern part of the property to confirm the ZTEM porphyry copper-silver targets for potential future drill testing. Figure 2: Phoenix Silver location map showing copper belts of the Miami-Globe porphyry copper district. Major mines and deposits include the Miami-Inspiration mining complex, BHP's Ocelot discovery area and Rio Tinto/BHP's Resolution copper deposit. Blue contours are regional magnetic (MVI - contour interval 0.0002 SI) anomalies which are spatially coincident with the mineral belts of the Miami-Globe copper district. To view an enhanced version of this graphic, please visit: Figure 3: Priority targets on ZTEM resistivity -300 depth map. Silver targets labeled PS1 to PS5 shown with black continuous line, are represented by the Predictive Targeting Probabilities color bar in the legend. The Nuggets North target, outside the areas of ZTEM anomalies is particularly important owing to the abundance of silver nuggets in the area. The copper values shown are from select rock samples. Porphyry targets Defiance and Quartz Ridge "QR" are shown for reference (see details in Company's news release of February 20, 2025). To view an enhanced version of this graphic, please visit: Cherokee, Nevada At Cherokee (Figure 4), the company has conducted several campaigns of mapping and sampling as well as geophysics and limited shallow drilling on patented claims owned by the company. Targets include 1) An epithermal veins system with over 12 km of combined strike length and multiple high-grade silver, gold and copper values from selected rock chip samples on surface (see news release of September 3, 2019), and 2) a porphyry copper-molybdenum system with associated satellite skarn and limestone replacement mineralization. The epithermal veins were partially drilled in the Cherokee mine area with nine shallow diamond drill holes. Four of the nine drill holes intersected silver values between 80 g/t and 455 g/t over 5.45 m and 1.55 m respectively, within a wide quartz structure that averages 12 meters. Copper in these intercepts were 0.4% and 1.84%, respectively (see news release of November 16, 2021). Several other epithermal targets on the property outside the patented claims remain untested and permitting of some of these areas is planned for future drilling. The southeast area of the property is highly prospective for potential porphyry-style copper and or molybdenum mineralization, with targets identified by geophysics and surface geochemistry. Of particular importance is a circular magnetic feature in the southeastern part of the property. Here, Paleozoic limestones host multiple northwest trending structures and alteration zones peripheral to the magnetic anomaly, including extensive areas of limestone replacement with elevated silver and base metals (copper-lead-zinc), and jasperoids (often associated with precious metal deposits in Nevada and elsewhere). Silver One is also planning an IP survey in the southern portion of the property to help determine porphyry potential. Figure 2. Total magnetic intensity map of the Cherokee project showing main target areas. To view an enhanced version of this graphic, please visit: Lodestar Debt Settlement Silver One's Mexican assets were sold to Lodestar Metals Corp., (formerly Silverton Metals Corp.) in 2020. The settlement was to include a C$ 1.25 million cash payment upon signing (paid), the issuance to 4.375 million shares of Lodestar (settled), plus an additional C$ 1.25 million. Silver One has settled the issue of the final payment for consideration of C$ 50,000 plus the issuance of an additional 3.0 million shares of Lodestar. This will allow both companies to move forward, a significant factor in Silver One's position as a major shareholder of Lodestar. Qualified Person The technical content of this news release has been reviewed and approved by Robert M. Cann, P. Geo, a Qualified Person as defined by National Instrument 43-101 and an independent consultant to the Company. About Silver One Silver One is focused on the exploration and development of quality silver projects. The Company owns a 100%-interest in its flagship project, the past-producing Candelaria Mine located in Nevada. Potential reprocessing of silver from the historic leach pads at Candelaria provides an opportunity for possible near-term production. Additional opportunities lie in unmined historic resources as well as in previously identified high-grade silver intercepts down-dip, which can potentially increase the substantive silver mineralization along-strike from the two past-producing open pits. The Company owns 636 lode claims and five patented claims on its Cherokee project located in Lincoln County, Nevada, host to multiple silver-copper-gold vein systems, traced to date for over 11 km along-strike. Silver One also has 100% interest in the Silver Phoenix Project. The Silver Phoenix Project is a very high-grade native silver prospect, recently permitted for drilling, which lies within the "Arizona Silver Belt," immediately adjacent to the prolific copper producing area of Globe, Arizona. For more information, please contact: Silver One Resources Lindsey - VP, Investor RelationsPhone: 604-974‐5274Mobile : (720) 273-6224Email : gary@ Forward-Looking Statements Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions, and expectations. They are not guarantees of future performance. Silver One cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond Silver One's control. Such factors include, among other things: risks and uncertainties relating to Silver One's limited operating history, ability to obtain sufficient financing to carry out its exploration and development objectives on the Candelaria Project, obtaining the necessary permits to carry out its activities and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Silver One undertakes no obligation to publicly update or revise forward-looking information. NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. 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Associated Press
12-03-2025
- Business
- Associated Press
Liberty Star Expands Leadership and Strengthens Exploration Team to Advance Red Rock Canyon and the Hay Mountain Projects
TUCSON, AZ, March 12, 2025 (GLOBE NEWSWIRE) -- Liberty Star Minerals ( 'Liberty Star' or the 'Company') ( OTCQB: LBSR) strengthened its leadership and technical team to accelerate the advancement of its flagship gold and copper exploration projects. The Company is pleased to announce the engagement of Mr. Steve Rivera, an experienced consulting geologist and Qualified Person under USSEC S-K 1300, to provide senior geological management duties for the Red Rock Canyon (RRC) and Hay Mountain Projects. These projects are situated in a highly prospective mineral belt known for significant porphyry copper-gold-molybdenum deposits extending from central Arizona into northern Mexico. Mr. Rivera is a broadly experienced Professional Geologist and Qualified Person (R4037616, SME) with recent experience working on exploration-stage gold properties in southeastern Arizona. He has experience with industry majors Freeport McMoran, BHP Billiton, and Anglo-American Exploration (USA) Inc. Rivera, has recent experience in managing geological data collection similar to that at RRC and Hay Mountain, managing deep drilling projects (>5,000ft), and exploration/development of ore deposits for Bankable Feasibility Studies. He also has experience developing exploration activities including airborne geophysical surveys (ZTEM), seismic reflection surveys, mapping, and geochemical sampling. Liberty Star is also pleased to announce the promotion of Jay Crawford to Vice President of Field Operations. A key figure in the Company since 2006, Mr. Crawford has been instrumental in driving Liberty Star's exploration success. As Field Manager, a position he has held since 2011, Mr. Crawford oversaw the acquisition and maintenance of State and Federal claims and permits, ensuring operational compliance. In his new role, Mr. Crawford will continue to contribute his expertise to the Red Rock Canyon Gold Project where his sampling efforts confirmed high-value gold mineralization. As Liberty Star continues to advance its high-potential exploration portfolio, the Company extends its gratitude to departing Chief Geologist Jim Bryce for his contributions, including overseeing first-time diamond core drilling at Hay Mountain and contributing to the discovery of bonanza-grade gold at RRC. With an enhanced technical team and strong leadership, Liberty Star is well-positioned to accelerate exploration and unlock significant value for shareholders. ON BEHALF OF THE BOARD OF DIRECTORS Liberty Star Minerals Visit for more about Liberty Star Minerals, the Red Rock Canyon Gold Project & the Hay Mountain Project, including images, maps, and technical reports About Liberty Star: Liberty Star Uranium & Metals Corp. (LBSR: OTCQB), doing business as Liberty Star Minerals, is a mineral exploration company based in Arizona. The company focuses on acquiring, exploring, and developing valuable mineral properties in Arizona, USA. Currently, Liberty Star controls two wholly owned properties situated in one of North America's most mineral-rich regions, specifically in the historic Tombstone mining district. These properties are strategically located in areas known for copper, gold, silver, molybdenum, and other associated metals. The company's flagship project is the exploration-stage Hay Mountain Project. This project focuses on discovering porphyry copper, gold, molybdenum, and other commercially important minerals. Surface studies, along with the company's 2024 diamond core drilling program, support the presence of a deep-seated copper porphyry system, with several analogs nearby that suggest high potential. In addition, the Hay Mountain property hosts the Red Rock Canyon Gold Property, an increasingly promising site for near-surface gold mineralization. Ongoing geologic sampling has yielded high-grade gold samples, with some reaching as high as 107.5 grams per ton (g/t), highlighting the area's exceptional potential. Liberty Star Uranium & Metals Corp. Contact: Liberty Star Minerals
Yahoo
24-02-2025
- Business
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SILVER ONE RECEIVES FINAL DRILL RESULTS FROM ITS PHOENIX SILVER PROJECT, ARIZONA TRACES SILVER-COPPER BEARING STRUCTURE ALONG STRIKE
VANCOUVER, BC, Feb. 24, 2025 /PRNewswire/ -- Silver One Resources Inc. (TSXV: SVE) (OTCQX: SLVRF) (FSE: BRK1) ("Silver One" or the "Company") announces the analytical results for samples collected in the 2024 diamond drill program completed in the 417 area ("417") on its Phoenix Silver Property (Figure 1). The close spaced drill program (average 23 m between vein intercepts) targeted an east-west trending, steeply dipping structure, just upslope from the large (up to 417 pounds) angular vein fragments thought to be derived from these structures (see Figure 2 and news releases of May 15, 2024, and February 5, 2020). With exception of hole 1 that did not intersect the vein, hole 10 (barren) and hole 22 that did not recover core in the vein zone, elevated silver and or base metals (Zn, Pb, Cu), values were encountered in all other holes along the 250 meters of the east-west vein-structure (see Table 1). The program consisted of 30 core holes from 6 drill pads, totalling 1,955 meters which traced the vein- structures for over 250 m east-west. The drill holes were drilled in HQ size core (63.5mm diameter) with an average depth of 64 m. The best intercept returned 3,800 g/t silver with 0.97% copper over 0.35 m within a quartz breccia (See selected assays in Table 1). This intersection is near the 417 vein fragment area. The presence of silver and base metals along the length of the structure tested suggests this fracture system may still host higher-grade material between or downdip from the drill hole intercepts, as well as elsewhere along the western and eastern extensions of the host structure. Several other silver and copper exploration targets have been outlined through geological mapping, sampling and the recent ZTEM airborne electromagnetic survey completed by the Company in late 2024 (see Company news release of February 20, 2025). Five silver targets outside the 417 area were identified and two porphyry copper-silver targets were prioritized for additional exploration. The silver target at higher elevations to the north of 417 is of particular importance, as it is characterized by a 1.5 km train comprised of 40 silver fragments weighing up to 9 kg (20 lb) (Nuggets-North Target - Figure 3). Further work on this silver anomaly is highly warranted. Silver One will look at conducting a close spaced gravity survey over the 417 area to help define the locations of potential concentrations of silver. The gravity survey will examine strong density differences between the host rock (average density of 2.65 - 2.90 gm/cubic centimeter) and concentrations of silver (100% silver has a density of 10.5 gm/cubic cm). This will help in deciding targeting locations of future drill holes. Planned work also includes, mapping and sampling at the Nuggets-North area, as well as induced polarization over the porphyry targets on the southern part of the property, all in preparation for selecting future drill targets. Greg Crowe, Silver One's President, CEO and Director, commented, "The results of the 2024 drill program illustrate the continuity of the silver and base metal bearing structures along the 250+ meters of strike tested. The 2024 drill program did not encounter very high-grade intercepts similar to the large angular vein fragments in the 417 area, as these lens-like concentrations of high-grade material may be present between drill intercepts or down-dip of the area tested. These structures appear to continue westwards towards the Mexican Mine (see Figure 1), where high-grade silver has been historically documented (Arizona Republic, 23 April 1903 originally published in the Globe Times). Several other silver targets were identified though geological sampling and geophysics and need to be further evaluated. Also, the recently completed airborne ZTEM survey, along with select surface copper and silver rock samples, have identified two high priority copper-silver targets in the southern part of the property (see news release of February 20, 2025, and Figure 3). Phoenix Silver is within a prolific 50+ km long porphyry copper and silver producing belt. Freeport McMoRan's Miami-Inspiration mining complex and BHP's new Ocelot porphyry discovery are along strike and lie within 5 km of Phoenix Silver. The Phoenix Silver property remains highly prospective for both silver vein and porphyry style mineralization. More detailed geophysical and mapping/sampling programs are being considered in preparation for future drilling." Table 1. Selected anomalous assays from Phoenix Silver core drilling samples. Intervals reported are near true widths, except for holes 3, 5, 7, 24 (70% to 76% of the intercept), and holes 21 and 23 (25% of the intercept). Anomalous samples over 10 g/t silver are included in table below. Holes not listed contain at least a sample, between 0.15 m and 0.35 m with elevated (over 500 ppm) copper, lead or zinc. HOLE ID Sample Number From (m) To (m) Interval (m) Ag g/t Cu ppm Pb ppm Zn ppm PS-24-02 200921 15.24 17.68 12 55 55 128 587 PS-24-02 200922 17.68 19.81 33 33 34 143 603 PS-24-03 200923 13.26 15.24 52 52 114 103 906 PS-24-03 200924 15.24 17.83 30 30 376 159 567 PS-24-03 200925 17.83 19.81 1.98 13 136 42 705 PS-24-03 200926 19.81 21.79 1.98 15 165 69 695 PS-24-03 200927 21.79 23.32 1.52 20 67 54 626 PS-24-03 200928 23.32 24.84 1.52 10 42 36 835 PS-24-03 200929 24.84 26.37 1.52 12 70 74 568 PS-24-04 200910 18.67 19.08 0.41 68 725 374 892 PS-24-04 200911 19.08 19.43 0.35 3,816 9,725 3,628 922 PS-24-04 200912 19.43 21.11 1.68 79 567 213 1,086 PS-24-04 200913 21.11 23.13 2.03 90 221 41 1,209 PS-24-04 200914 23.13 25.09 1.95 85 113 26 812 PS-24-04 200915 25.09 27.89 2.80 63 34 28 737 PS-24-04 200916 27.89 29.57 1.68 34 5 26 821 PS-24-05 200931 23.47 25.60 2.13 11 24 74 652 PS-24-05 200932 25.60 27.74 2.13 35 258 86 1,003 PS-24-05 200933 43.89 46.33 2.44 24 406 52 784 PS-24-05 200934 46.33 48.54 2.21 28 328 61 972 PS-24-07 200936 12.80 15.24 2.44 12 45 61 578 PS-24-07 200937 15.24 17.37 2.13 21 146 65 626 PS-24-14 200947 45.42 47.55 2.13 33 346 62 791 PS-24-14 200948 54.25 56.39 2.13 15 160 27 497 PS-24-16 303 23.47 24.68 1.21 49 1,316 349 1,282 PS-24-20 335 35.36 39.93 4.57 16 47 61 502 PS-24-21 306 85.34 87.17 1.83 26 83 330 601 PS-24-21 307 87.17 89.00 1.83 30 100 232 721 PS-24-21 308 89.00 90.53 1.52 20 68 252 1,387 PS-24-21 309 90.53 93.04 2.51 10 40 231 1,151 PS-24-23 318 114.00 115.82 1.83 54 1,169 136 1,100 PS-24-24 319 41.15 43.89 2.74 31 120 139 722 PS-24-28 324 53.95 56.54 2.59 11 96 66 1,385 PS-24-28 326 81.99 83.82 1.83 14 15 241 828 PS-24-28 327 95.94 97.11 1.17 19 17 259 784 PS-24-30 331 36.26 37.62 1.36 3 30 2,747 468 Sampling, Analytical and QA/QC Seventy-six rock samples from core drilling were collected by Company geologists. All core was drilled in HQ diameter and samples were saw-cut on site after being washed, logged, photographed and analyzed with a portable X-ray pXRF Delta Professional analyzer. One-half was used for wet-chemical analysis and the other half returned to its box for storage at a company facility in Globe, Arizona. Samples varying in size from approximately 1 kg to 11 kg were dropped off by Company personnel at SGS Laboratories ("SGS") sample preparation facility in Tempe, AZ, thence shipped by SGS personnel to SGS laboratory in Burnaby, BC., Canada (ISO accredited Laboratory, ISO/IEC17025:2017, SCC file # 15919) for analysis. Samples were analyzed by ICP/MS for thirty-four elements with four-acid digestion (SGS code Over limit copper, lead and zinc were analyzed by ore-grade four acid digestion ICP (0.5 g sample) code Overlimit silver was analyzed by 30 g FA/Gravimetric assay (code Silver One inserted three standards (sourced from OREAS® Certified Reference Material), three blanks and one duplicate in the sample stream. No analytical issues were observed. SGS also inserts blanks, standards and includes duplicate analyses to ensure proper sample preparation and equipment calibration. Table 2. Drill hole coordinates (UTM NAD83-12S) and other ID data. Phoenix Silver Core-Drilling. Hole Easting UTM NAD83 Northing UTM NAD83 Elevation meters Azimuth Incl Depth meters PS24-01 519179 3705806 1191 0.0 -90.0 51.8 PS24-02 519181 3705801 1191 173.0 -50.0 29.9 PS24-03 519181 3705801 1191 173.0 -75.0 32.0 PS24-04 519181 3705806 1191 235.0 -45.0 39.0 PS24-05 519181 3705805 1191 235.0 -72.0 53.0 PS24-06 519182 3705797 1191 140.0 -45.0 32.3 PS24-07 519182 3705797 1191 140.0 -75.0 55.2 PS24-08 519233 3705827 1201 180.0 -45.0 58.2 PS24-09 519233 3705827 1201 180.0 -60.0 61.0 PS24-10 519233 3705832 1201 0.0 -90.0 119.9 PS24-11 519233 3705836 1201 205.0 -45.0 55.2 PS24-12 519233 3705836 1201 205.0 -75.0 77.1 PS24-13 519233 3705831 1201 160.0 -45.0 28.1 PS24-13A 519233 3705831 1201 160.0 -45.0 70.4 PS24-14 519233 3705832 1201 160.0 -75.0 67.4 PS24-15 519233 3705832 1201 160.0 -60.0 69.2 PS24-16 519273 3705822 1209 180.0 -45.0 48.8 PS24-17 519273 3705822 1209 180.0 -75.0 71.0 PS24-18 519274 3705822 1209 0.0 -90.0 75.6 PS24-19 519273 3705823 1209 150.0 -50.0 60.0 PS24-20 519130 3705770 1190 0.0 -50.0 51.2 PS24-21 519130 3705767 1190 0.0 -70.0 103.0 PS24-22 519130 3705767 1190 30.0 -50.0 53.3 PS24-23 519130 3705767 1190 30.0 -70.0 124.4 PS24-24 519130 3705767 1190 332.0 -50.0 62.5 PS24-25 519059 3705776 1179 355.0 -50.0 46.3 PS24-26 519059 3705776 1179 355.0 -75.0 73.1 PS24-27 519059 3705776 1179 25.0 -45.0 53.6 PS24-28 519274 3705823 1209 120.0 -45.0 100.0 PS24-29 519274 3705823 1209 205.0 -50.0 86.3 PS24-30 519113 3705733 1186 140.0 -75.0 46.4 Qualified Person The technical content of this news release has been reviewed and approved by Robert M. Cann, P. Geo, a Qualified Person as defined by National Instrument 43-101 and an independent consultant to the Company. About Silver One Silver One is focused on the exploration and development of quality silver projects. The Company holds 100% interest in its flagship project, the past-producing Candelaria Mine located in Nevada. Potential reprocessing of silver from the historic leach pads at Candelaria provides an opportunity for possible near-term production. Additional opportunities lie in previously identified high-grade silver intercepts down-dip and potentially increasing the substantive silver mineralization along-strike from the two past-producing open pits. The Company owns 636 lode claims and five patented claims on its Cherokee project located in Lincoln County, Nevada, host to multiple silver-copper-gold vein systems, traced to date for over 11 km along-strike. Silver One also owns a 100% interest in the Silver Phoenix Project. The Silver Phoenix Project is a very high-grade native silver prospect that lies within the "Arizona Silver Belt," immediately adjacent to the prolific copper producing area of Globe, Arizona. For more information, please contact: Silver One Resources Lindsey - VP, Investor RelationsPhone: 604-974‐5274Mobile : (720) 273-6224Email : gary@ Forward-Looking Statements Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Silver One cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond Silver One's control. Such factors include, among other things: risks and uncertainties relating to Silver One's limited operating history, ability to obtain sufficient financing to carry out its exploration and development objectives on the Candelaria Project, obtaining the necessary permits to carry out its activities and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Silver One undertakes no obligation to publicly update or revise forward-looking information. NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. 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