WIN Metals’ Post

Puma Congratulates Canadian Copper on Acquiring Murray Brook Deposit 🗞️⛏️ Puma Exploration is pleased to report that Canadian Copper (CSE: CCI) has completed the acquisition of the Murray Brook Deposit and surrounding property as outlined in CCI’s news release dated February 1, 2024. The Murray Brook Deposit is the largest advanced-stage polymetallic asset in New Brunswick. The undeveloped 21 Mt (Measured + Indicated) volcanogenic massive sulphide deposit contains 2.73% Zn, 0.47% Cu, 1.0% Pb, 41 g/t Ag, 0.65 g/t Marcel Robillard, President and CEO of Puma and Director of CCI, stated, “Two years ago when we decided to spin off our base metal properties to continue to advance our Williams Brook Gold Project, we were confident that Canadian Copper with Simon Quick at the helm, would successfully bring value to the assets. With 100% ownership of the Murray Brook deposit, CCI has established itself as the most important base metals explorer with significant mineral resources in the Bathurst Camp. This transaction has secured CCI’s path to substantial growth. Our 11% equity stake in the company ensures that we benefit from its ongoing success. I want to congratulate Simon on this remarkable achievement, and I look forward to what lies ahead as he and his team fast-track the development of the Murray Brook Project.” #Gold #Mining #Exploration #NewBrunswick #Canada #Goldmining #Preciousmetals #BaseMetals #Miningstocks #Goldstocks #Juniorstocks #Stockstowatch #Hotstocks #Smallcapstocks #Stockmarketinvesting #Investments #Investors #Goldinvestment #tsxv #stocks #Resource #Investing #VMS 🔹TSXV: PUMA | OTCQB: PUMXF🔹 See the full news release ➡️https://lnkd.in/g-CmssWX

Silver Mines Limited (ASX:SVL) (ASX:SVL, OTC:SLVMF) has closed its Share Purchase Plan (SPP), having raised $6 million before costs. The SPP attracted significant interest and followed a share placement that raised A$8 million before costs, significantly exceeding its A$2 million target. The demand for both the Placement and the SPP, highlights the strong support and loyalty of Silver Mines' shareholder base.  As a result, Silver Mines will issue 44,444,854 new fully paid ordinary shares, constituting approximately 3.04% of the company’s current issued capital.  The SPP shares are set to be issued at A$0.135 each, matching the placement share price, on March 12, 2024,. The funds raised will go to developing the Bowdens Silver Project. More at #Proactive #ProactiveInvestors #ASX #OTC #SVL #SLVMF #silver #silverexploration #smallcapstocks http://ow.ly/BcbL105l2Cl

🗞️ NEWS -- Carlyle Commodities Corp. (CSE: CCC) | (OTC: CCCFF) announces that the Company has commenced its Phase 2 Drilling program at its 100% owned Newton Gold Project near Williams Lake, British Columbia. The Newton Gold Project is a low sulphide epithermal system. The system remains open in multiple directions, within a highly prospective land package that is workable year-round. ⚒️ 👉 The Company's Phase 2 drill program intends to test high priority targets, with an aim to increase the understanding of the Company's current National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") inferred mineral resource calculation for the Newton Gold Project. ⛏️ 🗣️ Mr. Morgan Good, Carlyle's Chief Executive Officer, commented: "The Company is feeling optimistic with its phase 2 drill strategy considering the various high priority targets we have available to test. A potential new discovery zone northwest of the current inferred NI 43-101 mineral resource calculation boundary is of keen interest, and timing of the current overall macro environment for gold only increases our enthusiasm for this program." 🔗 https://lnkd.in/gc7M8C3p #stocks #trading #invest #gold #silver

ICYMI: In this corporate update, Tim Clark, CEO of Fury Gold Mines, and Bryan Atkinson, Senior Vice President of Exploration, discuss the current state of the gold market and the potential for consolidation in the industry. They highlight the delayed impact of rising gold prices on junior gold stocks and the opportunity for acquisitions as large-cap producers generate more and more free cash flow. They also discuss the strategic position of Fury Gold Mines, with their properties located next to major producers. The conversation also covers the recent mineral resource update for the Eau Claire project, which showed significant growth in measured, indicated, and inferred resources. The undervaluation of Fury Gold Mines and the potential for a takeover are also discussed. / via @swissresourceag #Interview #Exploration #FuryGoldMinesLtd

We initiated coverage of OreCorp Limited (ASX: ORR) during July, with the company since rising from our initiation price around $0.40 to a current price of $0.53. ORR is now subject to a combined scrip/cash takeover off from Canada’s Silvercorp Metals (TSX, NYSE: SVM) that values OreCorp at A$260 million - or $0.543 per share. OreCorp believes that Silvercorp has the balance sheet strength to fund construction and exploration of the Nyanzaga gold project. A definitive feasibility study for the asset, announced in August 2022, estimated that the Tanzanian mine could deliver 242,000 ounces of gold per annum over the first 10 years of operations, peaking at 295,000 ounces per year, at life-of-mine of 10.7 years minimum. Nyanzaga is located approximately 40 km north east of the Bulyanhulu mine, one of Barrick Gold’s two gold mines in the Lake Victoria Goldfields, which together with the North Mara mine produced approximately 547,000 ounces of gold in 2022. OreCorp board directors are unanimously recommending shareholders to vote in favour of the revised scheme. OreCorp’s shareholders are expected to vote on the deal on December 8.

Element79 Gold Discusses Past Production, Costs, and Upcoming Plans at PDAC 2024 Element79 Gold CEO James Tworek discussed the company's progress in Peru with Arne Lutsch during a recent interview at the PDAC 2024 conference. Here are the key takeaways: 👉Positive Government and Community Relations: •   Peru's new administration is open for business and recognizes the importance of the mining industry. •   The local community (Chachas) in Arequipa province actively supports mining, with over 900 residents employed in the mining industry within the community . 👉Historical Production and Future Potential: •   The mine previously operated between 1989 and 2005, producing high-grade gold (40-50,000 ounces per year) at a processing rate of 150 tons per day. •   Element79 aims to re-energize production, targeting 200 tons per day. Production Costs and Offtake Agreement: •   All-in sustaining costs (AISC) are estimated between $700 and $800 per ounce. •   An LOI with a nearby multi-billion dollar NYSE-listed company is underway (potential Definitive Agreement signing around June 2024). •   This regional facility offers full-service processing for both precious and base metals, potentially reducing costs through base metal credits. Production Timeline: •   Formalization of artisanal miners working on the property is expected this month (March-April 2024). •   Production restart with artisanal miners is targeted for ~ end of April 2024, following the rainy season. •   A gradual ramp-up is planned, starting with 25 tons per day and increasing incrementally to 100 tons per day in 2024, on to 200tpd in 2025. •   Drilling to confirm the mine plan will occur alongside production. Overall, Element79 is positioned for exciting times in Peru, with strong government and community support, a historical production record, and a potential offtake agreement. Stay tuned for further updates! Link to the full interview: https://lnkd.in/dKd7JJZi

Hancock Prospecting divests stake in Catalyst Metals selling shares to directors, senior management, and institutional investors. 📉 https://bit.ly/3UuUEPI #HancockProspecting #CatalystMetals #Investing #Divestment #MiningTechnology #miningERP #PulseERP

FireFly Metals is pleased to release its Quarterly Activities Report for the quarter ended 31 March 2024. Our Managing Director Steve Parsons said: “When we acquired Green Bay, we knew we had secured an exceptional opportunity to capitalise on the next copper bull market. “The drilling results we generated in the March quarter clearly support this view, extending the known mineralisation well beyond the existing resource boundaries with high-grade assays and wide intersections. “The results reinforced our confidence in the potential for immense resource growth. They also prompted us to undertake the $52m raising, ensuring we have the funds to rapidly expand the Resource. “We are about to add a third rig with the aim of achieving rapid resource growth by extending the known mineralisation and testing the numerous targets we have already identified. “The outlook for the copper market is unquestionably strong while major investors and commodities traders are scouring the globe for opportunities, particularly in tier-one locations such as Canada. “Green Bay ticks all these boxes and hence we are determined to unlock the full opportunity in a fast and effective manner." Read the full report here: https://loom.ly/jLC10eI

Orogen Royalties Inc. | TSX.V:OGN reported profitable financial results from its operations for the third quarter ended September 30, 2023. Orogen’s profit primarily resulted from record royalty revenue from the Ermitaño gold-silver Mine where increased production rates, strong gold grades and improvement in recoveries were achieved. Prospect generation remains profitable and we continue to obtain payments and transact on projects that organically grow our royalty portfolio. In addition, our positive cashflow from operations continues to strengthen our balance sheet and allows us to take advantage of counter cyclical opportunities in the current market. - Paddy Nicol, President and CEO https://lnkd.in/eHkcjaja #gold #silver #businessdevelopment #stockmarket #miningstocks #investment #investing #earnings #newsrelease #tsxv #stockmarket

TRU Precious Metals Corp. (TSXV: TRU) (TSXV:TRU, OTCQB:TRUIF, FSE:706) (“TRU” or the “Company”) is pleased to announce that, further to its news release dated July 30, 2024, it has obtained both shareholder approval and TSX Venture Exchange approval of the definitive earn-in agreement (the “Option Agreement”) transaction with Eldorado Gold Corporation (TSX:ELD, NYSE:EGO) (“Eldorado”). Pursuant to the Option Agreement, Eldorado has been granted the exclusive option (the “Option”) to earn an 80% ownership interest in TRU’s Golden Rose Project (“Golden Rose”), strategically located along the gold deposit-bearing Cape Ray – Valentine Lake Shear Zone in Central Newfoundland. Closing of the Option Agreement remains subject to TRU’s receipt of a drilling permit for Golden Rose from the Mineral Lands Division of the Newfoundland government (“Mineral Lands”). The permit application is under review by Mineral Lands and is expected to be issued within the month of August. https://lnkd.in/g45ts4Pd #TRUPreciousMetals #MiningDiscovery #MarketGainers #TSXV #Investing #StockMarket #MiningIndustry #PreciousMetals #InvestorAlert #StockSurge #MarketWatch #MiningNews #TSXVGainers #CommodityStocks #MarketUpdate #StockInvesting #MiningExploration #ResourceStocks #Investors #GoldMining