Golden Arrow Options Third Project in Argentina
Golden Arrow President & CEO Nikolaos Cacos commented, " This agreement marks the third strategic option agreement we have signed in recent years as part of our efforts to advance our non-core assets. Success on any of these projects is good for Golden Arrow and our shareholders. Huachi now joins our Mogote Copper-Gold project that is under option to Mogotes Metals as part of their Filo Sur project, and our Caballos Copper-Gold project that is under option to Hanaq Argentina S.A."
Definitive Option Terms
Latin Metals has the right to acquire an initial 75% interest in Huachi by completing US$1,000,000 in exploration expenditures and US$1,000,000 in cash payments to Golden Arrow over a four-year period. Upon earning the 75% interest, Latin Metals has a Top-Up Right to acquire the remaining 25% interest (for an aggregate 100% ownership) by paying US$2,000,000 in cash to Golden Arrow within 90 days (Table 1).
Should Latin Metals choose not to exercise the Top-Up Right, the parties will form a joint venture (" JV") with Latin Metals holding 75% and Golden Arrow 25%. Each party will fund its pro-rata share of future expenditures. A party diluting below 15% will have its interest converted to a 1% net smelter return (" NSR") royalty.
Work commitments and cash payments commence on the first anniversary of approval of the environmental permit (Declaración de Impacto Ambiental or " DIA"), approving the start of exploration activities including drilling (the " Commencement Date").
Table 1. Commercial Terms for the Huachi Property, San Juan Province
About Golden Arrow:
Golden Arrow Resources Corporation is a mining exploration company with a successful track record of creating value by making precious and base metal discoveries and advancing them into exceptional deposits.
Golden Arrow is actively exploring its flagship property, the advanced San Pietro iron oxide-copper-gold-cobalt project in Chile, and a portfolio that includes nearly 125,000 hectares of prospective properties in Argentina.
The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.
For additional details please see the Company's website www.goldenarrowresources.com and its filings on www.sedarplus.ca.
ON BEHALF OF THE BOARD
Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. All statements, other than statements of historical fact, that address activities, events or developments the Company believes, expects or anticipates will or may occur in the future, including, without limitation, statements about the terms of the Definitive Agreement, the exercise of the Option and the timing thereof; the Company's business strategy, plans and outlooks; the future financial or operating performance of the Company are forward-looking statements.
Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: risks and uncertainties related to the ability to obtain, amend, or maintain licenses, permits, or surface rights; risks associated with obtaining necessary regulatory approvals; risks associated with technical difficulties in connection with exploration and mining activities; and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company's public disclosure documents for a more detailed discussion of factors that may impact expected future results. The Company undertakes no obligation to publicly update or revise any forward-looking statements, unless required pursuant to applicable laws.
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Toronto Star
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- Toronto Star
Bocana Resources Corp. Signs Letter of Intent to Acquire Mining Claims in Arizona
CALGARY, Alberta, Aug. 05, 2025 (GLOBE NEWSWIRE) — Bocana Resources Corp. (TSXV: BOCA) (Frankfurt: VC1) ('Bocana' or the 'Company') is pleased to announce that it has entered into a binding letter of intent (the 'LOI') dated July 24, 2025 for the proposed acquisition (the 'Transaction') of 100% of the rights, title and interests in the U.S. Bureau of Land Management ('BLM') placer mining claims (the 'Claims') owned by LP Associates, LLC of Buffalo MN. ('LPA, LLC' or the 'Seller'), an arm's length limited liability company formed under the laws of the State of Minnesota. The Transaction The Claims, which are comprised of seventy-two (72) 20-acre claims, total approximately 1,440 acres in size. The Claims are located in Pinal County, Arizona, approximately 85 miles southeast of Phoenix (Figure #1) and are in two contiguous areas, one containing 1,240 acres and the other block containing 160 acres. Figure # 2 also provides a more detailed location of the placer claims. Pursuant to the LOI, Bocana will acquire a 100% ownership interest in the Claims through a newly formed subsidiary, Arizore LLC, a limited liability company registered in the state of Nevada. Bocana will acquire the Claims for a total purchase price of US$27,500,000 (the 'Purchase Price'). An initial $200,000 deposit has been made to the Seller, which shall be applied as a credit toward the Purchase Price at closing. ARTICLE CONTINUES BELOW ' Bocana is very pleased with the proposed acquisition of the LPA, LLC's Claims. This acquisition is significantly better than several of the other opportunities that the Company has reviewed, and we look forward to developing this asset as quickly as possible for the benefit of our shareholders,' said Tim Turner, Bocana's Chief Executive Officer. The transactions contemplated by the LOI are subject to the following conditions: a) The entering into of a definitive agreement in respect of the Transaction (the 'Definitive Agreement') between LPA, LLC and Bocana. The Definitive Agreement will describe the terms and conditions upon which the Transaction will be completed; b) the completion of all financing by Bocana to satisfy the Purchase Price; c) the completion of satisfactory due diligence by Bocana; and d) regulatory approvals, including but not limited to the TSX Venture Exchange. The Transaction will be treated as a 'Fundamental Acquisition' pursuant to TSX Venture Exchange Policy 5.3. No finder's fees are to be paid in connection with the Transaction. Figure # 1- Location Map of Placer Claims Historical Technical Reports Technical reports have been prepared for four (4) of the Claims in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ('NI 43-101'). The results of these technical reports are briefly summarized below. ARTICLE CONTINUES BELOW ARTICLE CONTINUES BELOW 1. Placer Mining Claim LPA4-04- 20 Acres The first technical report, entitled Technical Report for the LPA4-04 Placer Gold Claim in the Florence Basin, Pinal County, Arizona, USA, was prepared by A. Roach, Ph.D., R.G., with an effective date of January 25, 2021. Data disclosed in this news release on the LPA4-04 claim was provided from this report. Figure # 3 provides the location of the auger drill holes completed on the LPA4-04 placer claim. Table #1 provides the assay results from the auger drill holes. Key Findings: Average grade estimations of 4.6 oz/ton of gold and 1.9 oz/ton of silver (Table # 1) from 6 drill holes. Multi-element assay results. Assay results were from auger drilling to 10-foot depths. Consistency of high-grade gold assay results in all holes (Table # 1). Figure # 2 – Location Map of Placer Claims Figure # 3 – Drill Hole Location Map Table # 1 – Holes DP01-06 Located on LPA4-04 Placer Claim 2. Placer Mining Claim LPA4-08- 20 Acres The second 20-acre technical report, entitled Technical Report for the LPA4-08 Placer Gold Claim in the Florence Basin, Pinal County, Arizona, USA, was prepared by A. Roach, Ph.D., R.G., with an Effective date of January 25, 2021. Drill hole locations posted on Figure #3, DP-07-10, Table # 1 provides the multi-element assay results. Key Findings: Average grade estimates of 1.4 oz/ton (48 g/t) of gold and 0.4 oz/ton (13.7 g/t) of silver were determined from 4 holes. Similar consistency in higher grade gold concentrations as in LPA4-04 results. Multi-element concentrations lower than adjoining claim LPA4-04 to the east. 3. Placer Mining Claim Dirt-01 – 20 Acres The third technical report, also on a 20-acre claim, entitled Technical Report for the Dirt-01 Placer Gold Claim in the Florence Basin, Pinal County, Arizona, USA, was prepared by Ronnie G Parker, CPG-#06163, with an Effective date of February 1, 2022. The Dirt-01 Placer Gold Claim is located approximately 1-1/2 miles (0.9 kilometer) west of Highway 79. Highway 79 may be accessed by Highway 77 and Interstate 10, which is located 27 miles (43.2 kilometers) to the south and west of the claim, as shown on Figure #4 below. Figure # 5 provides the drill collar locations on the claim. Table # 2 posts the assay results from the drilling program. Key Findings: Average estimated grades of 0.589 oz/ton (16.7 g/t) of gold and .475 oz/ton (13.5 g/t) of silver from 9 drill holes. Demonstrating consistency in higher-grade mineralization. Figure #4 Dirt-01 Location Map Figure #5 – Drill Collar Location Map – Dirt-01 Placer Claim Table 2. - Assay data from the DIRT-01 Placer Gold Claim for the 2020 drill holes. 4. Placer Mining Claim Dirt-02 – 20 Acres The fourth 20-acre technical report, entitled NI-43-101 Technical Report for the Dirt-02 Placer Gold Claim in the Florence Basin, Pinal County, Arizona, USA, was prepared by Ronnie G Parker, CPG-#06163, with an Effective date of February 1, 2022 and a Technical Update as of August 8, 2022. The Dirt-02 Placer Gold Claim is located approximately 2-1/2 miles (0.9 kilometer) west of Highway 79. Highway 79 may be accessed by Highway 77 and Interstate 10, which is located 27 miles (43.2 kilometers) to the south and west of the claim. Access to the claim is via a small dirt road off Highway 79 at mile marker 10. See Figure #6. Figure #7 provides the Dirt-02 drill collar locations. ARTICLE CONTINUES BELOW ARTICLE CONTINUES BELOW Figure #6 – Dirt-02 Location and Access. Figure #7 Drill Collar Locations Table #3 Assay information for the 2020 drill holes from the DIRT-02 Placer Gold Claim. All data listed below is shown in ounces per ton. Key Findings: Average grades from 10 drill holes - 0.452 oz/ton (12.81 g/t) of gold and 0.546 oz/ton (15.48 g/t) of silver. All drill holes assayed high gold concentrations. Continuation of multi-element mineralization. Comments on Sampling Drilling was conducted using a two-man auger. Sufficient auger flights were required to reach depths up to 11 feet (3.05 meters). Sample material was collected in a specially designed metal container that surrounded the auger. Samples were transferred to a clean plastic bucket for transport to the splitting location. Sample splitting was conducted onsite with a small riffle splitter. The site geologist performed the sample splitting. One split of material was packaged in a plastic bag for sample analysis. The remaining portion of the split was returned to the plastic bucket for storage at a secure locality off-site. The splitter was cleaned between samples. All historical assay results are documented in the four NI-43-101 reports provided to the Company; however, assay certificates indicating the methods used, weight of samples, details on the assay procedures were not in the reports and have not been provided to the Company. Conclusions/Recommendations Historical assay results indicate potentially economic concentrations of gold with associated silver, platinum, palladium, and rhodium on all four claims mentioned. Bocana will require due diligence studies, including additional drilling, sample assays, and metallurgical studies to confirm the results from each of these four reports. It is recommended that, in future drilling programs on all of the claims that notes on detailed logging of the sample material be undertaken, in particular the presence/ absence of apparent gravel layers during the drilling, along with approximate depth. The removal of gravel from samples, either because it is not carried by the auger or is at the splitting stage, has the potential to lead to higher or lower assay values. Therefore, one or more bulk samples should be taken in order to assess whether grades are significantly different than those obtained by drilling. Qualified Person Mr. Lorne Warner, the Company's consulting geologist, is an independent, 'Qualified Person' as defined by NI 43-101. Mr. Warner has approved the scientific and technical information included in this news release for dissemination. ARTICLE CONTINUES BELOW ARTICLE CONTINUES BELOW The LOI was negotiated at arm's length. The Transaction does not represent a change of business. There will be no change of directors or officers of the Company required by the Transaction. The TSX Venture Exchange has in no way passed upon the merits of the Transaction and has neither approved nor disapproved the contents of this press release. About Bocana Resources Corp. Bocana is a mineral exploration company focused on the acquisition, exploration, and development of mineral properties in North and South America. Bocana, through its wholly owned subsidiary, Huiracocha International Service SRL, holds a 100% working interest in the mineral properties known as the Escala area concessions located in the Department of Potosi, Sud Lipez Province, Bolivia, as awarded by Comibol. Contact Information For more information on Bocana, visit: For more information or interview requests, please contact: Timothy J. Turner – Chief Executive Officer info@ (713) 858-3329 Forward-Looking Information This news release contains 'forward-looking information' within the meaning of applicable securities laws. Forward-looking information can be identified by words such as: 'intend', 'believe', 'estimate', 'expect', 'may', 'will', 'approximately', 'planning', 'projected', 'anticipate', and similar references to future periods. 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Forward-looking statements are inherently uncertain, and the actual performance may be affected by several material factors, assumptions and expectations, many of which are beyond the control of the parties, including expectations and assumptions concerning (i) the Seller; (ii) the Transaction; (ii) the ability of the Parties to negotiate and enter into the Definitive Agreement on satisfactory terms as proposed, (iii) the timely receipt of all required regulatory approvals (as applicable), including the approval of the TSXV, (iv) if the Definitive Agreement is entered into, the satisfaction of other closing conditions in accordance with the terms of the Definitive Agreement, and (v) the ability of the Parties (as applicable) to complete the Financing and/or the Transaction on the terms outlined in this news release (or at all). Although Bocana has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. Readers are cautioned not to place undue reliance on forward-looking information. The forward-looking statements contained in this news release are made as of the date hereof, and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law. This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction. 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 news release. ARTICLE CONTINUES BELOW ARTICLE CONTINUES BELOW Images accompanying this announcement are available at ARTICLE CONTINUES BELOW ARTICLE CONTINUES BELOW
Globe and Mail
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(TSXV: RUA) (OTCQB: NZAUF), Dundee Precious Metals (TSX: DPM) (OTCPK: DPMLF), Gold Resource Corporation (NYSE-American: GORO), Nova Minerals Limited (NASDAQ: NVA), and Cerrado Gold Inc. (TSXV: CERT) (OTCQX: CRDOF). According to a recent report from Reuters, the TSX is currently approaching its own recent record high, as gold mining shares continue to climb. As gold flirts with all-time highs and silver rips through multi-year resistance, investors are beginning to rotate into junior miners as the next logical phase of the precious metals bull run. RUA GOLD Inc. (TSXV: RUA) (OTCQB: NZAUF) just announced a major expansion to its Reefton drill campaign, mobilizing a third rig and targeting over 4,000 metres of new drilling at Auld Creek to grow the gold-antimony resource above 300,000 ounces by year-end. 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Nova Minerals Limited (NASDAQ: NVA) has released new metallurgical test results from its RPM deposit at the Estelle Gold Project, showing strong recoveries using a combined flowsheet approach. Ore sorting achieved a 4.33x grade increase—from 1.32 g/t to 5.72 g/t—in a single pass, while heap leach tests on lower-grade material delivered gold recoveries up to 68.7%. "We are extremely pleased with the results emerging from our ongoing metallurgical test work program at the RPM Deposit, which we believe continues to demonstrate the exceptional quality and scalability of the Estelle Project," said Christopher Gerteisen, CEO of Nova Minerals. "The ability to extract up to 68.7% gold recovery from lower-grade material through heap leaching, combined with a 4.33 times upgrade using ore sorting technology, is a significant technical breakthrough, in our opinion. These results underscore the economic potential through innovative processing methods as we continue to refine our development pathway." The company says these results support its strategy of combining CIP/CIL processing with ore sorting and heap leaching to maximize project economics ahead of its upcoming prefeasibility study. Cerrado Gold Inc. (TSXV: CERT) (OTCQX: CRDOF) recently announced it had produced 11,437 gold equivalent ounces at its Minera Don Nicolás Mine in Q2 2025, with underground development at the Paloma pit now underway and expected to ramp up in H2. "As the heap leach continues to ramp up to its fully expanded capacity, we continue to be confident in our full year expectations as the underground operations ramp-up in H2/25," said Mark Brennan, CEO and Chairman of Cerrado. " Cerrado also continued to progress both the Lagoa Salgada project and the Mont Sorcier projects towards completion of feasibility studies by Q3/2025 and Q1/2026 respectively, which we believe should demonstrate substantial value being unlocked by Cerrado's development projects." Heap leach upgrades and a 20,000m drill program are in progress to boost recovery and expand resources, while exploration drilling has already intercepted new vein structures. The company is also advancing feasibility work at its Lagoa Salgada and Mont Sorcier projects, with updates expected later this year. CONTACT: Equity Insider [email protected] (604) 999-4849 DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Equity Insider is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). This article is being distributed for Media Corp. ("BAY"), who has been paid a fee by a third-party, Sidis Holdings Limited ("Sidis") for an advertising contract between Sidis and RUA Gold Inc.. MIQ has not been paid a fee for RUA Gold Inc. advertising or digital media, but the owner/operators of MIQ also co-owns Media Corp. ("BAY") There may also be 3rd parties who may have shares of RUA Gold Inc. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ does not own any shares of RUA Gold Inc. but reserve the right to buy and sell, and will buy and sell shares of RUA Gold Inc. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ on behalf of Sidis has been approved by RUA Gold Inc. Technical information relating to RUA GOLD Inc. has been reviewed and approved by Simon Henderson, CP, AUSIMM, a Qualified Person as defined by National Instrument 43-101. Mr. Henderson is Chief Operational Officer of RUA GOLD Inc., and therefore is not independent of the Company; this is a paid advertisement, we currently do not own any shares of RUA Gold Inc. but will likely buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
