Copper

Kenorland Minerals Completes First Drill Program At Regnault, Exploration At Tanacross, Chebistuan And Healy Underway, Sells Fox Property

Drilling at Regnault target, Frotet project, Quebec

After the nice batch of results released at the end of May, beautifully complementing the first sets of strong intercepts, Kenorland Minerals (KLD.V)(3WQO.FSE) was hoping to find more of the same when targeting the more southern parts of the discovered Regnault structure, potentially growing this into a district scale discovery. The final drill results from the 8,591m diamond drill program, being the remaining 15 holes (5,104m) were not of this high standard unfortunately, but for a greenfield exploration venture this project has already been a resounding success, with most holes hitting mineralization. The share price reacted substantially to the May results, which included the impressive 5.72m @ 90.56 g/t Au (incl. 3.89m at 132.57 g/t Au) intercept, as can be seen here:

Meridian Mining Continues To Deliver At Cabaçal With More Strong Results; Ongoing Warrant Exercising Generates C$2.73M

Although metal prices and especially the gold price took a breather, Meridian Mining (TSXV: MNO) remains unfazed, and keeps providing investors with solid drill results from their Cabaçal VMS Copper-Gold Project in Brazil , at or even above expectations of management. Their ongoing 10,000m field program of diamond drilling returned assays from hole CD-010 to CD-019 in the last few weeks, and as we are almost already getting used to it, almost all holes contained economic mineralization. Highlights were CD-013 (116.5m @ 0.7% CuEq), CD-017 (46m @ 1.0% CuEq), and CD-019 (110.7m @ 0.6% CuEq), representing the thickest intervals to date, and all starting close to surface which means a low overall strip ratio for future open pit potential becomes more and more likely, something pleasing management for sure.

All pictures are company material, unless stated otherwise.

All currencies are in US Dollars, unless stated otherwise.

Avrupa Minerals Closing In On Potential Economic Mineralization At Sesmarias

  Avrupa Minerals Closing In On Potential Economic Mineralization At Sesmarias

It has been a long wait before Avrupa Minerals (TSXV: AVU) was able to report new drill results at its Sesmarias 8 Lens target at the flagship copper-zinc Alvalade project in Portugal, operated by Avrupa and MATSA in a JV, but it finally did so at June 9, 2021. As the geology of the 8 Lens is complex, management is drilling several fences (rows of drill holes across perceived mineralized zones) in order to map geologic structures, before stepping out much further. The latest intercepts were decent although not very economic, with, for example, hole SES21-033 with 22.25m @ 0.42% copper from 363m, and SES21-036 with 17m @0.39% copper from 406m, both with significant zinc and lead credits. As the aim of management (and MATSA) is at least 1% copper, the search goes on, and in this update I discuss the latest drill results and other things with President and CEO Paul Kuhn.

Drilling By Meridian Mining At Cabaçal Returns 66.1m @ 1.1% CuEq In Extensions To Underground Workings

With copper beating all time highs recently, and gold briefly touching US$1900/oz, Meridian Mining (TSXV: MNO) seems to be in a good place, delivering their second set of assays from their Cabaçal VMS Copper-Gold Project in Brazil. Their ongoing 10,000m field program of diamond drilling recently returned assays from hole CD-005 to CD-009, and all holes contained economic mineralization. This will probably not come as a surprise for the verification holes of historic drill results, but the good news is the stepout holes into the lesser drilled areas outside the limits of mine development sometimes returned even better results. The standout hole in this case is of course CD-009, producing no less than 66.1m @ 1.1% CuEq from 86.9m depth.

All pictures are company material, unless stated otherwise.

All currencies are in US Dollars, unless stated otherwise.

Golden Arrow Resources Reports 5m @ 2.98g/t Au And 1m @ 5.52g/t Au From Trenching At Flecha De Oro Project In Argentina

After almost two months of exploration at the Esperanza property at the Flecha de Oro project in Argentina, results are starting to come in for Golden Arrow Resources (GRG.V, GARWF.US, G6A.FSE). The ongoing trenching program is currently in Phase I, and focused on a nine square kilometre area where numerous gold-bearing quartz veins have been identified at surface. There were several interesting and economic intercepts reported, which incentivizes management to continue searching for the heart of the mineralized system. 

All pictures are company material, unless stated otherwise.

All currencies are in US Dollars, unless stated otherwise. 

First Assay Results On Cabaçal VMS Copper-Gold Project Return 15.9m @ 4.0% CuEq And 48.6m @ 1.4% CuEq For Meridian Mining

As copper is closing on to all-time highs, trading at US$4.42/lb Cu at the time of writing (peaking in 2011 at US$4.6285/lb Cu), Meridian Mining (TSXV: MNO) came out with their first set of assays from their 100% optioned Cabaçal VMS Copper-Gold Project in Brazil, from their ongoing field program, encompassing 10,000m of diamond drilling. The mix of verification and infill holes, aimed at targets in the Southern- and Eastern Copper Zone (SCZ/ECZ), returned good results, with highlights of 15.9m @ 4.0% CuEq and 48.6m @ 1.4% CuEq for CD-004 and CD-003 respectively. This is the first stage of confirmation of the historical BP Minerals / Rio Tinto drill results.

All pictures are company material, unless stated otherwise.

All currencies are in US Dollars, unless stated otherwise.

Meridian Mining Drills Strong Sulphide Mineralization At Its Cabaçal VMS Copper-Gold Project

The latest Meridian news release shows an impressive hint of the mineralized potential of the Cabaçal VMS Copper-Gold Project in Brazil, at which Meridian Mining (TSXV: MNO) last year signed an option agreement for a 100% ownership.

Meridian announced the roll-out of its field program following the granting of a environmental permit for drilling in March, and mobilized two drill rigs and a geophysical team to commence a 10,000m diamond drilling program. One of the initial focus areas was in the southern sector of the deposit defined as the Southern Copper Zone (SCZ), where historical drilling suggests the presence of high grade NW-SE trending alteration pipe hosting copper-gold-silver mineralization.

Meridian Mining Has Completed Corporate Turnaround, Received Key Permit And Started Drilling At Cabaçal VMS Copper-Gold Project

1. Introduction

It is not often that you see a Partner of a multi-billion-dollar resource fund part ways with his former colleagues and accept the challenge of turning around a headache dossier of that fund by himself. This is exactly what happened to Meridian Mining (TSXV: MNO) where then-Partner Gilbert Clark of Sentient Equity Partners came to the rescue. The result is effectively a brand-new company without debt, cashed up with a roster of new investors, and a “company maker” new asset: the Cabaçal copper-gold project in Brazil, which is an exciting copper-gold VMS belt scale project with huge potential.

Golden Arrow Resources Options Out Caballos Copper-Gold Project, Focuses More On Rosales Copper Project In Chile

As copper is riding at 9 year highs lately, Golden Arrow Resources (GRG.V, GARWF.US, G6A.FSE) acknowledged this fact and recently made an adjustment to their exploration strategy, which previously focused predominantly on their gold projects Tierra Dorada in Paraguay and Flecha de Oro in Argentina, and to a lesser extent on their Rosales Copper project in Chile. This switch makes sense, as copper is even closing in on all-time highs now (US$4.63/lb Cu), as can be seen on this chart by Macrotrends:

Avrupa Minerals Reports First Drilling Results At Sesmarias

  

After Avrupa Minerals (TSXV: AVU) commenced drilling last December at its Sesmarias target at the flagship copper-zinc Alvalade project in Portugal, which is operated together with JV partner MATSA (joined company of Trafigura and Mubadala, two commodity giants), the company completed two drill holes so far for 874m of drilling, part of the 7-8,000m program. Hole SES20-031 and Hole SES20-032 were designed to test the area between the massive sulfide intercepted in hole SES008 and the stockwork zone intercepted in hole SES028, also at depth:

Plan view map Sesmarias, gravity geophysical data

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