Oroco Resource Corp. is pleased to announce the closing of a non-brokered private placement raising gross proceeds of $1,454,302.80 through the sale of 3,635,757 units at a price of $0.40 per unit. Each unit consists of one share and one share purchase warrant. Each share purchase warrant entitles the holder to purchase one share at the price of $0.65 per share for a period of 18 months from closing. ATM Mining Corp., a company controlled by Craig Dalziel, Executive Chairman of the Company, has purchased a total of 150,000 units for proceeds of $60,000. The participation of ATM Mining Corp. in the Private Placement is exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 as the fair market value of its participation is less...

SRQ Resources is pleased to announce assay results from the October 2023 drill program at the newly discovered ultramafic magmatic intrusive complex hosting base metal mineralisation at its Lac Brulé project. From the Phase II five-hole drill program for 1,246 m on the Gossan Zone: Hole LB-23-15 intersected 160m of UM intrusions with 34.35m of combined mineralisation grading 1.16% Copper Equivalent including 17.85m at 0.49% nickel and 0.36% copper. All holes returned UM intrusive sequences with intercalated sulfid

VANCOUVER, BC and SYDNEY, Australia, Jan. 16, 2024 /CNW/ - Highlights The 2024 drill campaign at the Corvette Property has commenced, targeting a minimum of 45,000 m over the January to April period . At least ten drill rigs are planned to be utilized to complete the winter program - making it among the largest lithium drill programs currently in Quebec. The winter access road is complete and in operation to reduce the dependency on helicopters for the drilling campaign, which is expected to reduce per metre cost significantly. Core assay results remain to be reported for more than 125 drill holes, including ~1.5 km of prospective pegmatite trend across the CV5 and CV13 pegmatites. The Company intends to provide an updated mineral resource estimate to the market in the third quarter of 202...

Targa Exploration announced additional analysis and interpretation of the results of its extensive till sampling program on the Company's Opinaca project in Quebec. Highlights Two gold-arsenic-tungsten anomalies identified from till sampling Central gold anomaly is 5km x 4km and open-ended in the up-ice direction Staked an additional 41,672ha to cover potential up-ice source "Finding such a large gold anomaly at the Opinaca Project is a fantastic exploration opportunity for Targa," commented Cameron Tymstra, CEO of Targa. "We now have both lithium and gold targets on this project which speaks to the prospectivity for multiple deposit types in these underexplored regions. As a first mover in this area, we were able to nearly doub...

Vizsla Copper Corp. is pleased to announce it has acquired, or has agreed to acquire, an additional 16,008 hectares of prospective exploration ground contiguous with the Company's Woodjam Copper-Gold Project . A majority of the additional claims were acquired via low-cost staking, while a small portion are to be purchased from an arm's length vendor. HIGHLIGHTS Expansion of Flagship Woodjam Project: With the addition of these claims, the Woodjam Project will cover 90,163 hectares of prospective southern Quesnel Terrane. Prospective Geology: The newly staked claims are largely underlain by intrusive rocks of the Takomkane batholith, which hosts porphyry-related copper-gold mineralization at the nearby Southeast deposit. The purchased claims are largely underlain by Nicola Gp. ...

Fathom Nickel Inc. is pleased to announce that the winter exploration program at the Company's 100% owned Albert Lake Project will commence during the last week of January. The geophysics team and drill contractor are expected to arrive at the Albert Lake property on or about January 29th. Drilling is expected to commence during the first week of February. Drilling will focus on the Tremblay-Olson Claims area, approximately two km southwest of the historic Rottenstone Mine, where the Company has identified a very robust time domain electromagnetic conductor occurring on the eastern flank of a very robust multi-element-in-soil anomaly . The 4-week drill program is anticipated to include between five and seven drillholes for a total of 2,000-2,500 meters. Tremblay Olson Claims ...

Highlights Drilling intercepts encountered high grade spodumene-bearing pegmatites in wider pegmatites zone: 2.30% Li2O and 178ppm Cs over 3.84m in wider pegmatites zone of 0.46% Li2O and 250ppm Cs over 36.25m . 0.58% Li2O and 387ppm Cs over 3.2m and 0.51% Li2O and 960ppm Cs over 2.63m in wider pegmatites zone of 0.30% Li2O and 348ppm Cs over 24.9m . 0.97% Li2O and 236ppm Cs over 1.58m in wider pegmatites zone of 0.29% Li2O over 15.36m . Holes #1-4 are mineralized with lithium from top to bottom . Six out of the seven holes ended in mineralization signifying the system remains open at depth and along strike of the 13km long exploration corridor. Six out of the seven holes have pervasive and strong lithium and cesium mineralization in the alteration halo around the pegmatites indicating the...

Taseko Mines Ltd. is pleased to provide an update on financing and construction progress at its Florence Copper project. On January 15, 2024, the Company signed a definitive agreement with Taurus Mining Royalty Fund L.P. for the previously announced sale of a US$50 million royalty. The royalty will be for 1.95% of the gross revenue from the sale of all copper from Florence Copper. Funding of the US$50 million is subject to customary closing conditions, and proceeds are expected to be received in early February. The Company also expects to drawdown the first US$10 million of the US$50 million Mitsui financing later this month. With these financings in hand, construction activities at Florence will be accelerating. To date, site activities have focussed on site preparations, ear...

Angold Resources Ltd. is pleased to announce its shares resumed trading at the opening of the market on January 15, 2024. This follows the Company's recently announced definitive agreement to acquire 1443904 B.C. Ltd. Upon closing of the Transaction, the Company will secure options on three highly prospective, permitted, drill-ready projects in Saskatchewan's Uranium City area from Fortune Bay Corp and Standard Uranium Ltd. . Additionally, the company is awaiting approval to change its name to Aero Energy Limited . Overview District-Scale Opportunity: Following the Transaction and name change, Aero Energy will outright own or have options on 250,000 acres of consolidated mineral rights along the frontier northwestern edge of the Athabasca Basin . Shortcut To Sha...

2023 copper production of 57.6 M pounds 2023 cash cost1 $2.17 /lb 2024 increased copper production guidance of 62.4 M pounds 2024 cash cost1 guidance of $2.08 /lb VANCOUVER, British Columbia, Jan. 16, 2024 -- Amerigo Resources Ltd. announced today 2023 production results from Minera Valle Central , the Company's 100% owned operation located near Rancagua, Chile. Dollar amounts in this news release are in U.S. dollars unless indicated otherwise. "MVC's copper production in Q4-2023 was 16.4 million pounds, returning to normal levels following last year's severe weather events at MVC," said Aurora Davidson, Amerigo's President and CEO. "We closed the year with a strong quarter, which resulted in annual copper production of 57.6 million pounds. In 2024, we expect to produce 62.4 m...

Midland Exploration Inc. is pleased to provide new assay results and upcoming work following the identification of a series of spodumene-bearing pegmatite dykes on the Galinée project, approximately 8 kilometres east of the Adina lithium deposit held by Winsome Resources . The Galinée project is currently wholly owned by Midland and is subject to an option agreement signed with Rio Tinto Exploration Canada Inc. in June 2023 . Highlights: Spodumene-bearing pegmatite outcrops found 900 and 500 metres southwest and south of the Iceberg Showing with grab samples grading up to 3.6% Li2O; Iceberg Showing consists in spodumene-bearing pegmatite dykes identified over at least 600 metres strike length with high-grade grab samples grading up to 7.2 % Li2O; LiDAR survey data received; D...

Altamira Gold Corp. , is pleased to provide an update on its ongoing second stage diamond drilling programme at the Maria Bonita gold discovery at its Cajueiro project located in the states of Mato Grosso and Para, Brazil. Highlights: Drilling has re-started at the Maria Bonita project following the year-end break. Drill hole MBA0010 is currently at a depth of 228 metres. A second diamond drill rig has been contracted and is currently mobilising to the project site. The initial drill programme will consist of approximately 5000 metres in 27 drill holes and is designed to test the lateral and vertical extensions of the intrusive-hosted disseminated gold mineralization intersected in the seven initial reconnaissance holes drilled during 2023. CEO Mike Bennett commented; "This is...

Construction of new concentrator and underground development well ahead of schedule for first production in Q2 2024 Kipushi expected to produce more than 250,000 tonnes of zinc annually over first five years New Kipushi commercial border crossing and bypass road to unlock value for Kipushi and Kamoa-Kakula Ivanhoe Mines Executive Co-Chair Robert Friedland and President Marna Cloete, together with Chairman Guy-Robert Lukama Nkunzi and General Manager Placide Nkala Basadilua of Gécamines, the Democratic Republic of Congo's state-owned mining company, are pleased to announce today the signing of the new joint venture agreement to restart the ultra-high-grade Kipushi zinc-copper-germanium-silver mine. In addition, Ivanhoe is pleased to provide an update on the restart of Kipushi, with both sur...