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Emerita Resources Assays 3.8% Copper Over 5.0 Metres At Infanta Deposit

Emerita Resources (TSXV: EMO) this morning released further results from its on going drill program at the firms Infanta deposit,
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This article was originally published by The Deep Dive

Emerita Resources (TSXV: EMO) this morning released further results from its on going drill program at the firms Infanta deposit, part of the Iberia West project located in Huelva Province, Spain. The results from a single drill hole were released this morning.

Results released were for hole IN003, which is effectively a 45 metre step out from the previously reported hole IN004, where the company intersected 7.45 metres of 1.67% copper, 6.01% lead, 11.49% zinc, 90.1 g/t silver and 0.49 g/t gold.

Hole IN003 intersected 16.2 metres of 1.1% copper, 8.9% zinc, 4.6% lead, 106.8 g/t silver and 0.38 g/t gold, including a 5.0 metre intersection of 3.8% copper, 30.5% zinc, 15.6% lead, 372.8 g/t silver, and 1.22 g/t gold. The hole represents the deepest intersection at the deposit to date for the company, with mineralization beginning at a depth of 86.2 metres.

The current program is working to test a 1.2 kilometre strike to depths of 300 metres down dip. Two drill rigs are currently turning as the company works towards collecting data for a mineral resource estimate for the Infanta deposit.

Emerita Resources last traded at $1.89 on the TSX Venture.


FULL DISCLOSURE: Emerita Resources is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Emerita Resources on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

The post Emerita Resources Assays 3.8% Copper Over 5.0 Metres At Infanta Deposit appeared first on the deep dive.

Base Metals

Nevada Copper Starts Trading On Post-Consolidation Basis

Nevada Copper Corp. (TSX: NCU) announced this morning a series of company updates including the recent completion of the previously
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Nevada Copper Corp. (TSX: NCU) announced this morning a series of company updates including the recent completion of the previously announced consolidation of its common shares. The copper producer is expected to begin trading today on a post-consolidation basis.

Through the share consolidation ratio of one post-consolidation share for every 10 pre-consolidation shares, the company’s outstanding common shares are reduced to 185,063,560 from approximately 1,850,635,602 shares. Outstanding share purchase warrants will also be consolidated at the same ratio of 10 warrants for one post-consolidation share.

The copper firm also relayed the updates that it has completed mining from the second stope at its Pumpkin Hollow project and has started blasting of the third stope. Further, ore from stope mining averaging approximately 1.5% copper grade is being delivered to the company’s mill with recoveries as planned.

The Nevada-focused mining company reported its Q2 2021 financials in August 2021, highlighting a quarterly revenue of US$14.1 million.

Nevada Copper last traded at $0.07 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

The post Nevada Copper Starts Trading On Post-Consolidation Basis appeared first on the deep dive.

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Vizsla Copper Closes Spin-Out From Vizsla Silver, Receives Conditional Approval For TSX Venture Listing

Vizsla Copper Corp. is ready to set its own course as it announced Monday night that it has completed the
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Vizsla Copper Corp. is ready to set its own course as it announced Monday night that it has completed the spinout transaction from Vizsla Silver Corp. (TSXV: VZLA). The newly-formed junior mining firm is meant to focus on Vizsla’s British Columbia copper exploration assets.

Following the proposed arrangement, Vizsla Silver shareholders received one-third of a Vizsla Copper share for every Vizsla Silver share held. The copper-focused company was able to issue a total of 49,217,108 common shares.

The company spun out Vizsla Copper to enable the new firm to focus on the wholly-owned Blueberry copper project and the option to acquire a 60% stake in Carruthers Pass copper property, both in British Columbia. Viszla Silver will continue to focus on the Panuco Copala silver-gold project in Mexico.

In connection to the arrangement, Vizsla Copper was also able to complete a non-brokered private placement for gross proceeds of $5.1 million, satisfying one of the conditions for the spinout transaction of completing at least a $3.5 million private placement. The recently closed offering issued 23,816,866 common shares at $0.15 per share and 8,306,331 flow-through common shares at $0.18 per share.

The company also received conditional approval to list its shares on the TSX Venture, also a requirement for the spinout. It is expected that it will soon trade on the exchange under the symbol “VCU”.

The newly spun-out firm will be led by Craig Perry as the executive chairman and Chris Donaldson as CEO. Perry is currently the chairman of the board for Vizsla Resources, Skeena Resources, and Outback Goldfields; Donaldson serves as the CEO of the latter.

After the transaction, Vizsla Copper has approximately $5.7 million in cash. including a cash transfer of approximately $1.1 million from Vizsla Silver, and a total of 81,340,305 outstanding common shares.

Vizsla Silver last traded at $2.48 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

The post Vizsla Copper Closes Spin-Out From Vizsla Silver, Receives Conditional Approval For TSX Venture Listing appeared first on the deep dive.

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Precious Metals

O2Gold Shares Rise 7.14% After Reporting Intersects 20.11 g/t Gold Over 0.7 Metres At Aurora

O2Gold (TSXV: OTGO) last night reported on its first drill results from its Aurora Property in Colombia…

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O2Gold Shares Rise 7.14% After Reporting Intersects 20.11 g/t Gold Over 0.7 Metres At Aurora

O2Gold (TSXV: OTGO) last night reported on its first drill results from its Aurora Property in Colombia. The firm had previously halted trading in its equity due to the assay results received.

The first drill hole reported by the company comes from the Aurora Tunnel within the Main Aurora Vein, where O2Gold encounter 20.11 g/t gold and 3.30 g/t silver over 0.7 metres, within a larger interval of 9.19 g/t gold and 1.89 g/t silver over 1.6 metres. Mineralization was encountered at just 97.4 metres of depth.

The hole, referred to as AUR-21-001, also encountered 12.30 g/t silver over 3 metres, at a depth of just 8.70 metres within fragmented quartz veins. The hole was drilled to a total depth of 220 metres.

The hole marks the first within an ongoing 8,000 metre drill campaign, which currently has two drills turning on the firms property. Four holes have been completed to date, with assays pending on three holes presently.

O2Gold last traded at $0.21 on the TSX Venture.


Information for this briefing was found via Sedar and O2Gold Inc. The author is currently long the equity. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

The post O2Gold Intersects 20.11 g/t Gold Over 0.7 Metres At Aurora appeared first on the deep dive.

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