Latest news with #mineralresource
National Post
22-07-2025
- Business
- National Post
E3 Lithium Announces Filing of NI 43-101 Technical Report for Updated Resource Estimate in the Garrington District
Article content CALGARY, Alberta — E3 LITHIUM LTD. (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF), 'E3 Lithium' or the 'Company,' a leader in Canadian lithium, is pleased to announce that it has filed a National Instrument 43-101 – Standards of Disclosure for Mineral Projects independent technical report for its Garrington District project in central Alberta. Article content The Garrington Report titled 'NI 43-101 Technical Report for the Garrington District Lithium Resource Estimate' (the 'Garrington Report') is dated July 18, 2025, has an effective date of June 25, 2025, and the mineral resource estimate was previously disclosed by E3 Lithium in its June 25, 2025, press release titled ' E3 Lithium Outlines an Inaugural Measured and Indicated Mineral Resource Estimate of 5.0 Mt LCE for the Garrington District '. Article content Article content There are no material changes in the Garrington Report from the results disclosed in the Company's June 25, 2025, press release. The Garrington Report is available on the Company's website ( and SEDAR+ ( Article content Qualified Persons Article content The disclosure in this news release of scientific and technical information pertaining to the Garrington Report has been reviewed and approved by Meghan Klein, Head of Reservoir Engineering, Americas of Sproule ERCE, and Alexey Romanov, PhD., Principal Geoscientist of Sproule ERCE. Both Ms. Klein, and Mr. Romanov are 'Qualified Person's' as defined under NI 43-101– Standards of Disclosure for Mineral Projects. Article content Equity Awards Grant Article content As part of the Company's 2025 compensation plan outlined March 7, 2025, the Board of Directors of the Company approved, effective June 27, 2025, the grant to Rob Knowles, VP Investor Relations, of 40,000 incentive stock options (the 'Options') exercisable to acquire up to 40,000 common shares of the Company. The options are exercisable at price of $0.81 per share for a period of three years from the date of grant under its omnibus equity incentive plan, with one half of the Options vesting on each of the first and second anniversaries of the date of grant. Article content ON BEHALF OF THE BOARD OF DIRECTORS Article content Chris Doornbos, President & CEO Article content E3 Lithium Ltd. Article content About E3 Lithium Article content E3 Lithium is a development company with a total of 21.2 million tonnes of lithium carbonate equivalent (LCE) Measured and Indicated 1 as well as 0.3 Mt LCE Inferred mineral resources 2 in Alberta and 2.5 Mt LCE Inferred mineral resources 3 in Saskatchewan. The Clearwater Pre-Feasibility Study outlined a 1.13 Mt LCE proven and probable mineral reserve with a pre-tax NPV8% of USD 5.2 Billion with a 29.2% IRR and an after-tax NPV8% of USD 3.7 Billion with a 24.6% IRR 1. Article content 1: The Clearwater Project NI 43-101 Pre-Feasibility Study, effective June 20, 2024, is available on the E3 Lithium website ( Article content Article content ) and SEDAR+ ( Article content Article content ). Article content 2: The mineral resource NI 43-101 Technical Report for the Garrington District Lithium Resource Estimate, effective June 25, 2025, identified 5.0 Mt LCE (measured and indicated) and 0.3 Mt LCE (inferred) and is available on the E3 Lithium website ( Article content ) and SEDAR+ ( Article content Article content ). Article content 3: The mineral resource NI 43-101 Technical Report for the Estevan Lithium District, effective May 23, 2024, identified 2.5 Mt LCE (inferred) and is available on the E3 Lithium website ( Article content ) and SEDAR+ ( Article content Article content ). Article content Kevin Carroll, P. Eng., Chief Development Officer of E3 Lithium and a Qualified Person under National Instrument 43-101, has reviewed and approved the technical information contained on this news release. Forward-Looking and Cautionary Statements This news release includes certain forward-looking statements as well as management's objectives, strategies, beliefs and intentions or forward-looking information within the meaning of applicable securities laws. Forward-looking statements are frequently identified by such words as 'believe', 'may', 'will', 'plan', 'expect', 'anticipate', 'estimate', 'intend', 'project', 'potential', 'possible', 'could' and similar words referring to future events and results. Forward-looking statements are based on the current opinions, expectations, estimates and assumptions of management in light of its experience, perception of historical trends, and results of the Garrington Report, but such statements are not guarantees of future performance. In particular, this news release contains forward-looking information relating to: the mineral resource estimate at the Garrington District; the potential for future development and inventory expansion of the Clearwater Project and value creation; and the anticipated benefits of the foregoing. In preparing the forward-looking information in this news release, the Company has applied several material assumptions, including, but not limited to, that activities relating to the Garrington District and the Company's other projects will not be adversely disrupted or impeded by regulatory, political, community, economic, environmental and/or healthy and safety risks; that the current price and demand for lithium will be sustained or will improve; that general business and economic conditions will not change in a materially adverse manner and that all necessary governmental approvals for the planned activities on the Garrington District will be obtained in a timely manner and on acceptable terms; the continuity of the price of lithium; that the results of the mineral resource estimate will be delivered in a timely manner consistent with the Company's projected timelines; and that the results will be in line with management's expectations. Article content All forward-looking information (including future-orientated financial information) is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the effectiveness and feasibility of emerging lithium extraction technologies which have not yet been tested or proven on a commercial scale or on the Company's brine, risks related to the availability of financing on commercially reasonable terms and the expected use of proceeds; operations and contractual obligations; changes in estimated mineral reserves or mineral resources; future prices of lithium and other metals; availability of third party contractors; availability of equipment; failure of equipment to operate as anticipated; accidents, effects of weather and other natural phenomena and other risks associated with the mineral exploration industry; the Company's lack of operating revenues; currency fluctuations; risks related to dependence on key personnel; estimates used in financial statements proving to be incorrect; risks related to the results of the testing program not being in delivered in a timely manner and/or not being in line with management's expectations; competitive risks and the availability of financing, as described in more detail in our recent securities filings available under the Company's profile on SEDAR+ ( Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law. Article content Article content Article content Article content Article content Rob Knowles Article content Article content Investor Relations Article content Article content investor@ Article content Article content 587-324-2775 Article content Article content Article content Kati Dolyniuk Article content Article content Article content Article content
Globe and Mail
22-07-2025
- Business
- Globe and Mail
E3 Lithium Announces Filing of NI 43-101 Technical Report for Updated Resource Estimate in the Garrington District
E3 LITHIUM LTD. (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF), 'E3 Lithium' or the 'Company,' a leader in Canadian lithium, is pleased to announce that it has filed a National Instrument 43-101 – Standards of Disclosure for Mineral Projects independent technical report for its Garrington District project in central Alberta. The Garrington Report titled "NI 43-101 Technical Report for the Garrington District Lithium Resource Estimate" (the 'Garrington Report') is dated July 18, 2025, has an effective date of June 25, 2025, and the mineral resource estimate was previously disclosed by E3 Lithium in its June 25, 2025, press release titled " E3 Lithium Outlines an Inaugural Measured and Indicated Mineral Resource Estimate of 5.0 Mt LCE for the Garrington District '. There are no material changes in the Garrington Report from the results disclosed in the Company's June 25, 2025, press release. The Garrington Report is available on the Company's website ( and SEDAR+ ( Qualified Persons The disclosure in this news release of scientific and technical information pertaining to the Garrington Report has been reviewed and approved by Meghan Klein, Head of Reservoir Engineering, Americas of Sproule ERCE, and Alexey Romanov, PhD., Principal Geoscientist of Sproule ERCE. Both Ms. Klein, and Mr. Romanov are 'Qualified Person's' as defined under NI 43-101– Standards of Disclosure for Mineral Projects. Equity Awards Grant As part of the Company's 2025 compensation plan outlined March 7, 2025, the Board of Directors of the Company approved, effective June 27, 2025, the grant to Rob Knowles, VP Investor Relations, of 40,000 incentive stock options (the 'Options') exercisable to acquire up to 40,000 common shares of the Company. The options are exercisable at price of $0.81 per share for a period of three years from the date of grant under its omnibus equity incentive plan, with one half of the Options vesting on each of the first and second anniversaries of the date of grant. ON BEHALF OF THE BOARD OF DIRECTORS Chris Doornbos, President & CEO E3 Lithium Ltd. About E3 Lithium E3 Lithium is a development company with a total of 21.2 million tonnes of lithium carbonate equivalent (LCE) Measured and Indicated 1 as well as 0.3 Mt LCE Inferred mineral resources 2 in Alberta and 2.5 Mt LCE Inferred mineral resources 3 in Saskatchewan. The Clearwater Pre-Feasibility Study outlined a 1.13 Mt LCE proven and probable mineral reserve with a pre-tax NPV8% of USD 5.2 Billion with a 29.2% IRR and an after-tax NPV8% of USD 3.7 Billion with a 24.6% IRR 1. 1: The Clearwater Project NI 43-101 Pre-Feasibility Study, effective June 20, 2024, is available on the E3 Lithium website ( and SEDAR+ ( 2: The mineral resource NI 43-101 Technical Report for the Garrington District Lithium Resource Estimate, effective June 25, 2025, identified 5.0 Mt LCE (measured and indicated) and 0.3 Mt LCE (inferred) and is available on the E3 Lithium website ( and SEDAR+ ( 3: The mineral resource NI 43-101 Technical Report for the Estevan Lithium District, effective May 23, 2024, identified 2.5 Mt LCE (inferred) and is available on the E3 Lithium website ( and SEDAR+ ( Kevin Carroll, P. Eng., Chief Development Officer of E3 Lithium and a Qualified Person under National Instrument 43-101, has reviewed and approved the technical information contained on this news release . Forward-Looking and Cautionary Statements This news release includes certain forward-looking statements as well as management's objectives, strategies, beliefs and intentions or forward-looking information within the meaning of applicable securities laws. Forward-looking statements are frequently identified by such words as 'believe', 'may', 'will', 'plan', 'expect', 'anticipate', 'estimate', 'intend', 'project', 'potential', 'possible', 'could' and similar words referring to future events and results. Forward-looking statements are based on the current opinions, expectations, estimates and assumptions of management in light of its experience, perception of historical trends, and results of the Garrington Report, but such statements are not guarantees of future performance. In particular, this news release contains forward-looking information relating to: the mineral resource estimate at the Garrington District; the potential for future development and inventory expansion of the Clearwater Project and value creation; and the anticipated benefits of the foregoing. In preparing the forward-looking information in this news release, the Company has applied several material assumptions, including, but not limited to, that activities relating to the Garrington District and the Company's other projects will not be adversely disrupted or impeded by regulatory, political, community, economic, environmental and/or healthy and safety risks; that the current price and demand for lithium will be sustained or will improve; that general business and economic conditions will not change in a materially adverse manner and that all necessary governmental approvals for the planned activities on the Garrington District will be obtained in a timely manner and on acceptable terms; the continuity of the price of lithium; that the results of the mineral resource estimate will be delivered in a timely manner consistent with the Company's projected timelines; and that the results will be in line with management's expectations. All forward-looking information (including future-orientated financial information) is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the effectiveness and feasibility of emerging lithium extraction technologies which have not yet been tested or proven on a commercial scale or on the Company's brine, risks related to the availability of financing on commercially reasonable terms and the expected use of proceeds; operations and contractual obligations; changes in estimated mineral reserves or mineral resources; future prices of lithium and other metals; availability of third party contractors; availability of equipment; failure of equipment to operate as anticipated; accidents, effects of weather and other natural phenomena and other risks associated with the mineral exploration industry; the Company's lack of operating revenues; currency fluctuations; risks related to dependence on key personnel; estimates used in financial statements proving to be incorrect; risks related to the results of the testing program not being in delivered in a timely manner and/or not being in line with management's expectations; competitive risks and the availability of financing, as described in more detail in our recent securities filings available under the Company's profile on SEDAR+ ( Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
The Australian
14-07-2025
- Business
- The Australian
NNL fields 264,000oz Hirsikangas resource
Maiden Hirsikangas mineral resource estimate of 264,000 ounces Third Finnish project resource adds 34% to total ounces, now 1.23Moz All three projects underexplored with straightforward access to processing plants Special Report: Nordic Resources has fielded a mineral resource for all three of its Finnish projects, bringing the total combined gold resource to 1.23 million ounces. Similar to the Kopsa and Kiimala Finnish projects, NNL's exploration at Hirsikangas has revealed it to be a near-surface orogenic gold deposit with plenty of exploration upside. The new mineral resource, pegged at 264,000 ounces of gold, was generated from only 2.5km of a potential 10-kilometre-long strike, offering parallel underexplored geological structures which may also host gold. Nordic Resources (ASX:NNL) executive director Robert Wrixon said that while Hirsikangas had been somewhat of an unknown compared to the company's focus on the Kopsa project, it had proven highly prospective. 'Just like Kopsa and Angesneva, the gold resource at Hirsikangas essentially starts from surface and is far more substantial than previously understood by NNL, with obvious exploration upside,' Wrixon said. 'The addition of Hirsikangas brings the total gold equivalent resource inventory to 1.23Moz gold equivalent, with 66% in the measured and indicated categories. 'The company's 'gold only' resources have also increased to over 1Moz. Hirsikangas and Angesneva, with their proximity to Kopsa, add significant value to the regional development options currently under consideration.' Watch: How Nordic picked up the golden projects Middle Ostrobothnia Gold Belt projects Nordic Resources' three Finnish gold projects all sit within the Middle Ostrobothnia Gold Belt within the Raahe-Ladoga Trend. The area is associated with a geological extension to a known gold volcanogenic massive sulphide trend in Sweden that hosts more than 10 deposits. There are two processing plants in the region – the 1.4Mtpa Pyhasalmi copper-zinc-pyrite processing plant 40km to the east of Kopsa, and the formerly operating gold mine and plant at Laiva, 120km to the northwest. The Hirsikangas project is home to a 10km portion of the Himanka Volcanic Belt, host to the project's maiden mineral resource. Location of NNL's recently acquired gold projects shown over a map of Central Ostrobothnia. Pic: NNL Next exploration steps NNL has yet to drill test some 7.5km of the Himanka Belt at Hirsikangas, but has already identified two additional gold prospects at Hanni and Hanni SE. Tenement map for the Hirsikangas gold project, showing the locations of the main Hirsikangas deposit and the Hanni and Hanni SE gold occurrences. Pic: NNL The mineralisation at Hirsikangas has been consistently broad, grading up to 71.3m at 1.12 g/t gold from just 7.3m of depth but also demonstrating strong continuity at depth, with drill hits up to 80.2m at 1.71 g/t gold from 110.6m. Nordic Resources is particularly interested in a parallel structure 200m to the northeast of the main Hirsikangas deposit, which generated drill hits of up to 23.1m at 1.67 g/t gold from 35.9m. There's also some potential in a magnetic trend to the southeast at Hanni, where historical drilling by previous explorers hit intersections of 2.5m at 4.84g/t gold from 35.4m and 5.1m at 3.19 g/t gold from 90.3m. Further exploration at Hirsikangas will have to wait for now – Nordic will mobilise the drill rig to the Kopsa gold-copper project in two weeks. This article was developed in collaboration with Nordic Resources, a Stockhead advertiser at the time of publishing. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
Yahoo
09-07-2025
- Business
- Yahoo
Emperor Metals Announces Maiden Mineral Resource Estimate for the Duquesne West Project, Quebec
Edmonton, Alberta--(Newsfile Corp. - July 9, 2025) - Emperor Metals Inc. (CSE: AUOZ) (OTCQB: EMAUF) (FSE: 9NH) ("Emperor Metals") is pleased to release its initial Mineral Resource Estimate ("2025 Duquesne West MRE" or "MRE") for its Duquesne West Gold Project in the Province of Quebec, Canada. Highlights of the Initial Open Pit & Underground Mineral Resource Estimate: An Inferred Mineral Resource of 26.9 million tonnes (Mt), containing 1.460 million ounces (Moz) of gold (Au) at an average grade of 1.69 grams per metric ton (g/t) Au. The deposit features multiple high-grade zones within a broader lower-grade, bulk-tonnage gold envelope, with approximately 44% of the 1.460 Moz amenable to conceptual open-pit extraction and 56% potentially mineable via conceptual underground methods. Strong potential exists for resource expansion beyond the 1.460 Moz in both open-pit and underground environments, with several underexplored zones identified within the current pit limits, along strike, and at depth beneath the pit. Strong potential to enhance conceptual open-pit grade through additional discoveries of high-grade gold zones containing visible gold in previously underexplored areas deemed low-grade; as demonstrated in 2024 drilling by intercepting 22.7 metres (m) at 35.2 g/t Au within the conceptual open pit environment (Emperor Metals press release, February 25, 2025). Infill drilling results suggest meaningful grade improvement, supported by free gold and low sulfide content. A Summer drill program of approximately 8,000 to 10,000 metres is set to begin in August, aimed at further expanding and advancing the deposit. CEO John Florek commented: "We are very pleased to announce an Initial Mineral Resource Estimate for Emperor Metals. Through strategic exploration and focused execution, we have more than doubled the historical resource, increasing it by over 104%.1,2. The Property hosts a historical inferred mineral resource estimate of 727,000 ounces of gold at a grade of 5.42 g/t Au.1,2. This represents an addition of 733,000 ounces, bringing the total inferred gold resource to 1.460 million ounces. "Our discovery cost of approximately USD $7 per ounce (USD $5 million / 733,000 oz) underscores our efficient use of capital to generate shareholder value, especially compelling as gold prices reach record highs. "In 2025, the focus is on surpassing the inferred two-million-ounce mark and driving continued resource growth through systematic exploration from 1,000 feet depth to surface." 2025 Mineral Resource Estimate The 2025 Duquesne West MRE comprises an Inferred Mineral Resource of 26.9 Mt, containing 1.460 Moz of Au at an average grade of 1.69 g/t Au. Table 1 presents the 2025 Duquesne West MRE statement. Tables 2 and 3 show the cutoff grade sensitivities for the open-pit and out-of-pit resources, respectively. The effective date of the 2025 Duquesne West MRE is July 2, 2024. The 2024 Duquesne West MRE was prepared by APEX Geoscience Ltd. Figure 1: Oblique View of the 2025 Duquesne West MRE Conceptual Pit Shell (beige) and Gold Block Model (gradational colour bar), and drillholes (black traces). To view an enhanced version of this graphic, please visit: Note: Block model shown using maximum intensity projection to visualize the estimated grades. Table 1 Summary of the Inferred Mineral Resources on the Duquesne West Project. Au Cutoff(g/t) Tonnes(Mt) Au(Moz) Au(g/t) Pit-Constrained Mineral Resource Estimate 0.25 18.2 0.646 1.11 Out-of-Pit Mineral Resource Estimate 1.15 8.7 0.815 2.92 Total Mineral Resource Estimate 0.25/1.15 26.9 1.460 1.69 Notes: Warren Black, Senior Consultant, Mineral Resources of APEX Geoscience Ltd., who is deemed a qualified person as defined by NI 43-101 is responsible for the completion of the mineral resource estimation, with an effective date of July 2, 2025. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues. The Inferred Mineral Resource in this estimate has a lower level of confidence than that applied to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of the Inferred Mineral Resource could potentially be upgraded to an Indicated Mineral Resource with continued exploration. The Mineral Resources were estimated in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions (2014) and Best Practices Guidelines (2019) prepared by the CIM Standing Committee on Reserve Definitions and adopted by the CIM Council. Economic assumptions used include US$2,300/oz Au, 0.75 US$:CA$ FX, process recoveries of 90% for Au, a CA$12.5/t processing cost, and a G&A cost of CA$3.0/t. The constraining pit optimization parameters were CA$3.5/t mineralized and CA$3.0/t waste material mining cost and 50° pit slopes. Pit-constrained Mineral Resources are reported at a cutoff of 0.25 g/t Au. The Underground Mineral Resources include blocks below the constraining pit shell that form continuous and potentially minable shapes. A mining cost of CA$80/t and the economic assumptions above result in the out-of-pit cutoff of 1.15 g/t Au. Mining shapes encapsulate material within domains with a minimum horizontal width of 1.5 m, perpendicular to strike, and target vertical and horizontal dimensions of approximately 10 m (H) by 20 m (L). Table 2 Sensitivities of the Inferred Pit-Constrained 2025 Duquesne West MRE. Au Cutoff(g/t) Tonnes(Mt) Au(Moz) Au(g/t) 0.2 20.19 0.661 1.02 0.25 18.17 0.646 1.11 0.3 16.24 0.629 1.21 0.4 13.01 0.593 1.42 0.5 10.62 0.559 1.64 1 5.01 0.432 2.68 1.5 2.75 0.345 3.90 2 1.89 0.297 4.90 2.5 1.49 0.268 5.62 3 1.11 0.235 6.60 3.5 0.93 0.217 7.24 4 0.78 0.199 7.90 Notes: All tonnage, grade, and contained metal values in this table are reported within the optimized pit shell used to constrain the stated mineral resource estimate. The cutoff grade used to report the stated pit-constrained mineral resource estimate is shown in bold. Table 3 Sensitivities of the Inferred Out-of-Pit 2025 Duquesne West MRE. Au Cutoff(g/t) Tonnes(Mt) Au(Moz) Au(g/t) 1 8.72 0.816 2.91 1.15 8.69 0.815 2.92 1.3 7.59 0.771 3.16 1.5 6.46 0.721 3.47 2 4.53 0.614 4.21 2.5 3.43 0.535 4.85 3.5 2.44 0.447 5.70 4 1.91 0.391 6.39 Notes: All tonnage, grade, and contained metal values in this table are reported within the underground mining shapes used to constrain the out-of-pit portion of the stated mineral resource estimate. The cutoff grade used to report the stated out-of-pit mineral resource estimate is shown in bold. 2024 Mineral Resource Estimation Methodology Modelling was conducted in the NAD83 / UTM Zone 17N coordinate system (EPSG:26917). The MRE block model used a cell size of 5 m (X) by 2.5 m (Y) by 5 m (Z) to honor the mineralization wireframes during estimation. The 2025 Duquesne West MRE drillhole database includes 292 drillholes that intersect the mineralization domains, comprising 8,229.31 m of drilling within the estimation domains. Sample intervals explicitly documented as having insufficient material for analysis are classified as insufficient recovery (IR) and left blank. Portions of drillholes that were not sampled or recorded as zero in the database are assumed to be unmineralized. These intervals are assigned a nominal waste value, set at half the detection limit of modern assay methods. The Duquesne West Project is characterized by steeply dipping zones of sheared volcanic rocks and intrusive bodies. Gold mineralization is primarily hosted in low-sulphide replacement-style zones within ankerite, sericite, and quartz-altered rocks, as well as in areas dominated by quartz veining. The 2025 Duquesne West MRE comprises 47 estimation domains, averaging 5.95 m in thickness, with some up to 49.0 m thick. The domains dip roughly 75 to 80 degrees with a dip direction of 178 degrees. All mineralization wireframes are clipped to below the overburden surface. Gold grades were estimated for each block using Ordinary Kriging with locally varying anisotropy (LVA) to ensure grade continuity in various directions is reproduced in the block model. The search ellipsoid size used to estimate the Au grades was defined by the modelled variograms. Blocks are classified as inferred if they are estimated by at least one drillhole within a search ellipsoid with ranges of 70 m by 50 m by 20 m, oriented according to the LVA. An overburden surface was modeled using information from Duquesne West drillhole geologic logs. A density of 1.8 g/cm³ was assigned to all blocks above this surface in the 2025 Duquesne West MRE block model. A single bulk density value of 2.73 g/cm³ was applied to all remaining blocks not classified as overburden. For the purposes of pit shell optimization only, blocks along the boundaries of the estimation domains that partially contain waste were diluted by estimating a waste grade using composites located along and outside the outer boundary of the domains. The final diluted gold grade assigned to each partially diluted block is a volume-weighted average of the estimated mineralized and waste gold grades. The MRE is reported within the optimized pit and out-of-pit mining shapes using undiluted gold grades. The reported open-pit resources are constrained within a pit shell generated using Deswik's Pseudoflow pit optimization and apply a cutoff grade of 0.25 g/t Au. The reported Out-of-Pit MRE is constrained within manually constructed mining shapes, based on a long-hole open stope mining method and a cutoff grade of 1.15 g/t Au. These shapes enclose contiguous material above the cutoff that meets minimum thickness and volume requirements. There are no other known factors or issues known by the Qualified Person that materially affect the MRE other than normal risks faced by mining projects. The Duquesne West Project is subject to the same types of risks that large base metal projects experience at an early stage of development in Canada. The nature of the risks relating to the Project will change as the Project evolves and more information becomes available. Emperor Metals has engaged experienced management and specialized consultants to identify, manage and mitigate those risks. 1 Watts, Griffis, and McOuat Consulting Geologists and Engineers, Oct. 20, 2011, Technical Report and Mineral Resource Estimate Update for the Duquesne-Ottoman Property, Quebec, Canada, for XMet Inc. 2 Power-Fardy and Breede, 2011. The Mineral Resource Estimate (MRE) constructed in 2011 is considered historical in nature as it was constructed prior to the most recent CIM standards (2014) and guidelines (2019) for mineral resources. In addition, the economic factors used to demonstrate reasonable prospects of eventual economic extraction for the MRE have changed since 2011. A qualified person has not done sufficient work to consider the MRE as a current MRE. Emperor Metals is not treating the historical MRE as a current mineral resource. The reader is cautioned not to treat it, or any part of it, as a current mineral resource. Technical Report Details of the 2025 Duquesne West MRE will be provided in a technical report with an effective date of July 2, 2025, prepared in accordance with NI 43-101 disclosure standards, which will be filed under Emperor Metals' SEDAR+ profile within 45 days of this news release. The 2025 Duquesne West MRE was prepared by independent mining consulting firm APEX Geoscience Ltd. following the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") "Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines" dated November 29, 2019, and the CIM "Definition Standards for Mineral Resources and Mineral Reserves" dated May 10, 2014. QP Disclosure The technical content for the Duquesne West Project in this news release has been reviewed and approved by John Florek, a Qualified Person pursuant to CIM guidelines. Mr. John Florek is in good standing with the Professional Geoscientists of Ontario (Member ID:1228) and an employee and officer of Emperor Metals. About Emperor Metals Inc. Emperor Metals Inc. is a high-grade gold exploration and development company focused on Quebec's Southern Abitibi Greenstone Belt, leveraging AI-driven exploration techniques. Emperor Metals is dedicated to unlocking the substantial resource potential of the Duquesne West Gold Project and the Lac Pelletier Project, both situated in this prolific mining district. Emperor Metals is led by a dynamic group of resource sector professionals who have a strong record of success in evaluating and advancing mining projects from exploration through to production, attracting capital and overcoming adversity to deliver exceptional shareholder value. For more information, please refer to SEDAR+ ( under Emperor Metals' profile. Under an Option Agreement, Emperor Metals agreed to acquire a 100% interest in a mineral claim package comprising 38 claims covering approximately 1,389 ha, located in the Duparquet Township of Quebec (the "Duquesne West Property") from Duparquet Assets Ltd., a 50% owned subsidiary of Globex Mining Enterprises Inc. (TSX: GMX). ON BEHALF OF THE BOARD OF DIRECTORS s/ "John Florek" John Florek, CEO and DirectorEmperor Metals Inc. Contact John FlorekPresident/CEO T: (807) 228-3531E: johnf@ Alex HorsleyDirectorT: (778) 323-3058E: alexh@ The Canadian Securities Exchange has not approved nor disapproved the content of this press release. Cautionary Note Regarding Forward-Looking Statements Certain statements made and information contained herein may constitute "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and United States securities legislation. These statements and information are based on facts currently available to Emperor Metals and there is no assurance that the actual results will meet management's expectations. Forward-looking statements and information may be identified by such terms as "anticipates," "believes," "targets," "estimates," "plans," "expects," "may," "will," "could" or "would." Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the estimation of mineral resources and reserves, the realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes and other matters. While Emperor Metals considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guarantees of future performance and readers should not place undue importance on such statements as actual events and results may differ materially from those described herein. Emperor Metals does not undertake to update any forward-looking statements or information except as may be required by applicable securities laws. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-06-2025
- Business
- Yahoo
Kodiak Reports Initial Mineral Resource Estimate on Four of Seven Mineralized Zones at the MPD Copper-Gold Project
Vancouver, British Columbia--(Newsfile Corp. - June 25, 2025) - Kodiak Copper Corp. (TSXV: KDK) (OTCQB: KDKCF) (FSE: 5DD1) (the "Company" or "Kodiak") today reports the first part of its initial Mineral Resource estimate at the Company's 100%-owned MPD copper-gold project in southern British Columbia, which comprises four of seven mineralized zones. Highlights Sizable copper- gold initial Mineral Resource estimate ("MRE") delineated for four of seven mineralized zones outlined to date at MPD: Gate, Ketchan, Man and Dillard. Figure 1 Indicated Mineral Resource: 56.4 million tonnes (Mt) grading 0.42% copper equivalent (CuEq) for 385 million pounds (Mlb) of copper (Cu) and 0.25 million ounces (Moz) of gold (Au). Table 1 Inferred Mineral Resource: 240.7 million tonnes (Mt) grading 0.33% copper equivalent (CuEq) for 1,291 million pounds (Mlb) of copper (Cu) and 0.96 million ounces (Moz) of gold (Au). Table 1 The MRE is defined using open pit design shells to constrain the Resource models and a cut-off grade of 0.2% CuEq. Sensitivity cases using lower cut-of grades have significantly higher tonnages and metal contents. Table 2 Mineralization remains open for expansion within and beyond the MRE pit shells, in multiple directions and at depth. The full MRE for MPD is planned for completion in Q4 with the addition of three further mineralized zones (West, Adit and South), where confirmation and infill drilling is currently under way as part of the Company's 2025 exploration program (see news release June 18, 2025). The higher-grade, near surface mineralization identified at the West, Adit and South zones has the potential to make an important contribution to the full MRE. Figure 1 Webinar: Thursday, June 26th @ 9:00am PT (register here)Join President & CEO Claudia Tornquist and Chairman Chris Taylor as they discuss the Initial Mineral Resource Estimate for Kodiak Copper's MPD Project Claudia Tornquist, President and CEO of Kodiak, said, "The initial Resource estimate for MPD is an important strategic milestone for Kodiak and marks the culmination of six years of systematic exploration and district consolidation. The estimate released today is for only four of the seven mineralized zones that will form the full Mineral Resource estimate for MPD but it already shows the considerable scale and potential of the project. We are currently drilling the remaining three mineralized zones and plan to incorporate the results into the full Mineral Resource estimate for MPD by the end of this year. I am looking forward to the next stage in MPD's development as we progress towards economic evaluation." Chris Taylor, Chairman of Kodiak, said, "I've had the vision right from the start that MPD's rich mineral endowment holds the potential for a major mine in British Columbia and our initial Resource estimate clearly demonstrates this. We expect to grow this Resource estimate substantially with the inclusion of the remaining zones later this year. It is also worth noting that our sensitivity analysis shows a significant increase in tonnage and metal content when using a lower cut-off grade of 0.12% copper equivalent, which is comparable to mines in the area. I consider this initial Resource estimate a starting point for future growth, as most of our zones remain open to extension, and our work to date has identified more than 20 additional copper and gold occurrences and targets." Figure 1: MPD Project - location map and Mineral Resources/mineralized zones To view an enhanced version of this graphic, please visit: Initial Mineral Resource Estimate The drill hole density in the central part of the Gate Zone was sufficient to develop a 56.4 Mt Indicated Resource grading 0.42% CuEq. Inferred Resources at the Man, Dillard, Ketchan and Gate zones total 240.7 Mt with an average grade of 0.33% CuEq (see Table 1). The Inferred Resource at Gate is peripheral to the Indicated Resource. The effective date for the MRE reported herein is June 25, 2025. Figure 2 shows the MRE pit shells that support the Reasonable Prospects of Eventual Economic Extraction (RPEEE). Table 1: MPD Initial Mineral Resource EstimateTo view an enhanced version of this graphic, please visit: Notes: 1. The Mineral Resources were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum(CIM), Definition Standards for Mineral Resources and Reserves, as prepared by the CIM Standing Committee and adopted by CIM Council. 2. A cut-off grade of 0.2% CuEq was applied to the MRE models within the pit shells. 3. Pit shell optimization used average recoveries derived from metallurgical test work of Cu 82%, Au 60% and Ag 54%, exchange rate of 1.35 CAD:USD, mining cost of C$2.3/t, process cost of C$8.5/t, and pit slope of 45 degrees. 4. Copper equivalence (CuEq) and constraining pit shells assume metal prices (US$) of: $4.2/lb copper, $2,600/oz gold, $30/oz silver. 5. The copper equivalency equation used is: CuEq(%) = Cu(%) + Au(g/t) x 0.6606 + Ag(g/t) x 0.0069 6. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. There is no certainty that all or any part of the mineral resources will be converted into mineral reserves in the future. The MRE may be materially affected by considerations including, but not limited to, permitting, legal, sociopolitical, environmental issues, market conditions or other factors. 7. All figures are rounded to reflect the relative accuracy of the estimate. Totals may not sum due to rounding as required by reporting guidelines. Figure 2: MPD Project – RPEEE shells used to constrain the Initial Mineral Resource Estimate To view an enhanced version of this graphic, please visit: Sensitivity Cut-off Grades In addition to the base case cut-off grade ("COG") of 0.2% CuEq a range of cut-off grades from 0.12% to 0.22% CuEq were applied to the Resource models to evaluate the potential effect on tonnage, grade and metal content (Table 2). Lower cut-off grade sensitivity cases demonstrate a notable increase in tonnage and in-situ metal, with a decrease in average grades. The values in the COG sensitivity cases are for comparison purposes only and should not be considered Mineral Resources. Table 2: Cut-Off Grade Sensitivity SummaryTo view an enhanced version of this graphic, please visit: Notes: 1. Copper equivalence (CuEq) assumes metal prices (US$) of: $4.2/lb copper, $2,600/oz gold, $30/oz silver. 2. CuEq is based on average recoveries derived from metallurgical test work as applied in the pit optimization process. Average recoveries are: Cu 82%, Au 60% and Ag 54%. 3. The copper equivalency equation used is: CuEq(%) = Cu(%) + Au(g/t) x 0.6606 + Ag(g/t) x 0.0069 Next Steps Kodiak is actively advancing the MPD Project through the following key work streams and upcoming catalysts in 2025: File a NI 43-101 Technical Report in support of this MRE on SEDAR+ within 45 days of this press release Receive results from infill and confirmation drilling at West, Adit and South Zones - Q3/4 2025 Report a Resource Estimate for West, Adit and South Zones to complete initial MRE for MPD project -Q4 2025 Follow-up metallurgical testing Plan further step-out, infill and exploration drilling Continue environmental baseline studies and engagement with indigenous rightsholders and local stakeholders Estimation Methods The Resource estimate was completed by James N. Gray, of Advantage Geoservices Ltd., an Independent Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101) in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Standards on Mineral Resources and Mineral Reserves, adopted by CIM Council, as amended. Estimation methods are summarized below. The Gate and Man Resource estimates are controlled by an alteration model based on three-dimensional interpretation of drill results. Estimation control at Dillard and Ketchan is based on models of lithology. A total of 216 core drill holes, completed by Kodiak and previous operators through 2024, have been used for grade estimation at MPD-N; 70 holes at Gate, 47 at Man, 35 at Dillard and 64 at Ketchan. Of the 216 core holes drilled, 89 were completed under the supervision of Kodiak. Minor high-grade capping was applied to assay values to appropriately control the impact of outliers to copper, gold, and silver distributions, prior to compositing to a length of three metres. Grades at Gate were estimated by ordinary kriging; Man, Dillard and Ketchan grades were estimated by inverse distance weighting. Block size was 10 x 10 x 10 m for all Mineral Resources. Average rock densities were applied based on models of lithology. A total of 13,419 density measurements have been made on core samples in MPD-N. Bulk density averages 2.65 tonnes/m3 at Gate, 2.51 tonnes/m3 at Man, 2.57 tonnes/m3 at Dillard and 2.64 tonnes/m3 at Ketchan. Block models were classified based on a calculated drill spacing. Blocks were assigned as an Inferred Mineral Resource where drilled at up to a 150 metre spacing. At Gate, where more drill information has allowed a higher degree of confidence in the geologic model, blocks at a drill spacing of up to 70 m have been classified as an Indicated Mineral Resource. Reasonable prospects of eventual economic extraction (RPEEE) were established by JDS Energy & Mining Inc ("JDS") to constrain the MRE. To consider the RPEEE, JDS produced Lerchs-Grossmann optimized pit shells at each project area using the following parameters: Cu US$4.2/lb, Au US$2,600/oz, Ag US$30/oz, an exchange rate of 1.35 CAD:USD, average recoveries of: 82% Cu, 60% Au and 54% Ag, slope of 45°, mining cost of C$2.30/t and an average process cost of C$8.50/t (including G&A). Recovery assumptions were determined by JDS from the initial metallurgical testwork conducted earlier this year. All material included in the MRE is contained within the optimized pit shells. Quality Assurance and Quality Control procedures employed by Kodiak for the laboratory analysis of drill core included the inclusion of certified standards, blanks and duplicates. All Kodiak samples were sent to ALS Canada Ltd for analysis where the analytical procedures meet the requirements of International Standards ISO/IEC 17025:2005 and ISO 9001:2015. The historic results included in the Mineral Resources were reviewed and are believed to be from reliable sources using industry standards at the time, however the company has not independently verified, or cannot guarantee, the accuracy of historical information. The historical results will be summarized in the accompanying NI 43-101 technical report. Qualified Person The MRE was prepared by James Gray, of Advantage Geoservices Ltd., with contributions from Tysen Hantelmann, of JDS Energy & Mining Inc. for cut-off grade and Pit Shell optimization and Shane Tad Crowie, of JDS Energy & Mining Inc., for metallurgical parameters, in accordance with the 2014 Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards and Canadian National Instrument 43-101 ("NI 43-101"). James Gray, Tysen Hantelmann and Shane Tad Crowie, are independent Qualified Persons as defined by NI 43-101 and have reviewed and approved the contents of this news release. Dave Skelton, (AB), Vice President Exploration and a Qualified Person as defined by National Instrument 43-101, has approved and verified the technical information used in this news release. The historic work referenced herein is believed to be from reliable sources using industry standards at the time, based on Kodiak's review of available documentation. However, the Company has not independently validated all historic work, and the reader is cautioned about its accuracy. On behalf of the Board of Directors Kodiak Copper Corp. Claudia TornquistPresident & CEO For further information contact:Nancy Curry, VP Corporate Developmentncurry@ (604) 646-8362 About Kodiak Copper Corp. Kodiak is focused on its 100% owned copper porphyry projects in Canada and the USA that have been historically drilled and present known mineral discoveries with the potential to hold large-scale deposits. Kodiak Copper's most advanced asset is the 100% owned MPD copper-gold porphyry project in the prolific Quesnel Terrane in south-central British Columbia, Canada, a mining district with producing mines and excellent infrastructure. MPD exhibits all the hallmarks of a major, multi-centered porphyry district with the potential to become a top-tier mine. To date, drilling has outlined seven substantial mineralized zones across the property, and Kodiak is delivering an Initial Resource estimate for MPD in 2025. The estimate for the first four mineralized zones has already highlighted the project's scale and potential. Drilling is underway on the remaining three zones and results will be incorporated into the full Resource estimate, expected by year end. With known mineralized zones open to expansion and multiple untested targets, Kodiak continues to systematically explore the district-scale potential of MPD to build critical mass and make the next discovery. Kodiak's founder and Chairman is Chris Taylor who is well-known for his gold discovery success with Great Bear Resources. Kodiak is also part of Discovery Group led by John Robins, one of the most successful mining entrepreneurs in Canada. Neither 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 release. Forward-Looking Statement (Safe Harbor Statement): This press release contains forward looking statements within the meaning of applicable securities laws. The use of any of the words "anticipate", "plan", "continue", "expect", "estimate", "objective", "may", "will", "project", "should", "predict", "potential" and similar expressions are intended to identify forward looking statements. In particular, this press release contains forward looking statements concerning the Company's exploration plans. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with conditions in the equity financing markets, and assumptions and risks regarding receipt of regulatory and shareholder approvals. Management has provided the above summary of risks and assumptions related to forward looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company's future operations. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward-looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise. To view the source version of this press release, please visit
