Category: Natural Resources

Release – Sierra Metals to Release Q3-2021 Consolidated Financial Results on Monday, November 8th, 2021

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Sierra Metals to Release Q3-2021 Consolidated Financial Results on Monday, November 8th, 2021

 

Shareholder Conference Call and Webcast will also be held on Tuesday, November 9th, 2021


TORONTO–(BUSINESS WIRE)–Sierra Metals Inc. (TSX: SMT) (NYSE American: SMTS) (BVL: SMT) (“Sierra Metals” or the “Company”) will release Q3-2021 financial results on Monday, November 8th, 2021, after Market Close. Senior Management will also host a webcast and conference call on Tuesday, November 9th, 2021, at 10:30am EST. Details of the Conference Call and Webcast are as follows:

Via Webcast:

A live audio webcast of the meeting will be available on the Company’s website:

https://event.on24.com/wcc/r/3408832/5D1D447434FB0425E6DE1CDA1E5662AF

The webcast along with presentation slides will be archived for 180 days on www.sierrametals.com.

Via phone:

For those who prefer to listen by phone, dial-in instructions are below. To ensure your participation, please call approximately five minutes prior to the scheduled start time of the call.

Canada dial-in number (Toll Free): 1 833 950 0062
Canada dial-in number (Local): 1 226 828 7575
United States: 1 844 200 6205
United States (Local): 1 646 904 5544
All other locations: +1 929 526 1599

Access code: 049437

Press *1 to ask a question, *2 to withdraw your question, or *0 for operator assistance.

About Sierra Metals

Sierra Metals Inc. is a diversified Canadian mining company focused on the production and development of precious and base metals from its polymetallic Yauricocha Mine in Peru, and Bolivar and Cusi Mines in Mexico. The Company is focused on increasing production volume and growing mineral resources. Sierra Metals has recently had several new key discoveries and still has many more exciting brownfield exploration opportunities at all three Mines in Peru and Mexico that are within close proximity to the existing mines. Additionally, the Company also has large land packages at all three mines with several prospective regional targets providing longer-term exploration upside and mineral resource growth potential.

The Company’s Common Shares trade on the Bolsa de Valores de Lima and on the Toronto Stock Exchange under the symbol “SMT” and on the NYSE American Exchange under the symbol “SMTS”.

For further information regarding Sierra Metals, please visit www.sierrametals.com.

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Forward-Looking
Statements

This press release contains “forward-looking information” and “forward-looking statements” within the meaning of Canadian and U.S. securities laws (collectively, “forward-looking information“). Forward-looking information includes, but is not limited to, statements with respect to the date of the 2020 Shareholders’ Meeting and the anticipated filing of the Compensation Disclosure. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategy”, “goals”, “objectives”, “potential” or variations thereof, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking information.

Forward-looking information is subject to a variety of risks and uncertainties, which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the risks described under the heading “Risk Factors” in the Company’s annual information form dated March 18, 2021 for its fiscal year ended December 31, 2020 and other risks identified in the Company’s filings with Canadian securities regulators and the United States Securities and Exchange Commission, which filings are available at www.sedar.com and www.sec.gov, respectively.

The risk factors referred to above are not an exhaustive list of the factors that may affect any of the Company’s forward-looking information. Forward-looking information includes statements about the future and is inherently uncertain, and the Company’s actual achievements or other future events or conditions may differ materially from those reflected in the forward-looking information due to a variety of risks, uncertainties and other factors. The Company’s statements containing forward-looking information are based on the beliefs, expectations and opinions of management on the date the statements are made, and the Company does not assume any obligation to update such forward-looking information if circumstances or management’s beliefs, expectations or opinions should change, other than as required by applicable law. For the reasons set forth above, one should not place undue reliance on forward-looking information.

Contacts

Mike McAllister
Vice President, Investor Relations
Sierra Metals Inc.
Tel: +1 (416) 366-7777
Email: 
info@sierrametals.com

Luis Marchese
CEO

Sierra Metals Inc.
Tel: +1 (416) 366-7777

Chakana Copper Corp (CHKKF)(PERU:CA) – Favorable Drill Results Keep Coming

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Friday, October 15, 2021

Chakana Copper Corp (CHKKF)(PERU:CA)
Favorable Drill Results Keep Coming

Noble Capital Markets research on Chakana Copper Corp is published under ticker symbols CHKKF and PERU:CA. The price target is in USD and based on ticker symbol CHKKF. Chakana Copper Corp is a Canadian-based minerals exploration company that is currently advancing the high-grade gold-copper-silver Soledad Project located in the Ancash region of Peru, a highly favorable mining jurisdiction with supportive communities. The Soledad Project consists of high-grade gold-copper-silver mineralization hosted in tourmaline breccia pipes. A total of 33,353 metres of drilling has been completed to-date, testing nine (9) of twenty-three (23) confirmed breccia pipes with more than 92 total targets. Chakana’s investors are uniquely positioned as the Soledad Project provides exposure to several metals including copper, gold, and silver.

Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Meaningful Bx 5 drill results. Chakana Copper released results for fourteen resource definition holes drilled in Breccia Bx 5. Recall Bx 5 is one of six breccia pipes that will support Chakana’s initial resource estimate. All holes intersected mineralization and the results confirmed shallow mineralization in the upper western half of the breccia pipe and deeper extents of mineralization. For example, Hole SDG21-226 returned 1.44 grams of gold per tonne, 13.2 grams of silver per tonne, and 0.66% copper over 157 meters, while Hole SDH21-229 returned 1.17 grams of gold per tonne, 0.55% copper, and 19.2 grams of silver per tonne over 268 meters.

    Geophysical surveys will inform exploration drilling.  Gradient-array induced-polarization (IP) surveys have been done over 90% of the 12-square kilometer Soledad mineral system. Off-set IP surveying will follow to identify new targets and prioritize existing targets. We expect exploration drilling will resume at…



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Coeur Mining (CDE) – Trimming 2021 Estimates; Still A Few Pieces to Fall Into Place

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Thursday, October 14, 2021

Coeur Mining (CDE)
Trimming 2021 Estimates; Still A Few Pieces to Fall Into Place

Coeur Mining Inc is a metals producer focused on mining precious minerals in the Americas. It is involved in the discovery and mining of gold and silver and generates the vast majority of revenue from the sale of these precious metals. The operating mines of the company are palmarejo, rochester, wharf, and kensington. Its projects are located in the United States, Canada and Mexico, and North America.

Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Updating estimates. We have lowered our 2021 EPS and EBITDA estimates to $0.18 and $237.1 million from $0.21 and $249.0 million, respectively, due to lower commodity price assumptions. Our 2021 revenue estimate is $845.6 million versus our prior estimate of $875.3 million. We forecast 2022 revenue, EBITDA, and EPS of $931.6 million, $279.2 million, and $0.35, respectively.

    Third quarter earnings release.  Coeur will report third quarter operational and financial results after the market close on October 27 and will host a conference call for investors on October 28 at 11:00 am ET. We think Coeur could announce some new management appointments and will provide updates on the Rochester expansion and Silvertip …



This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Garibaldi Resources (GGIFF)(GGI:CA) – Drilling Moves On to Casper Awaiting Full Geophysical Survey Results

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Thursday, October 14, 2021

Garibaldi Resources (GGIFF)(GGI:CA)
Drilling Moves On to Casper; Awaiting Full Geophysical Survey Results

Garibaldi Resources Corp is a Canadian-based junior exploration company. It is engaged in the acquisition, exploration, and evaluation of mineral properties located in Canada and Mexico. The company’s projects in Mexico include the La Patilla, the Rodadero, the Tonichi and the Iris project. Its projects in Canada include the PSP and King projects, The Cariboo Copper and Gold project, the Red Lion project, the Grizzly project, the Tora Tora project and the Black Gold project.

Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Drilling shifts to Casper. Due to the early onset of winter on the precipices of Nickel Mountain, management has shifted drilling to the lower elevation Casper quartz gold vein target north of Nickel Mountain. Recall that four shallow diamond drill holes tested the Casper quartz vein discovery in December 2020 with each hole intercepting mineralization. We expect the company to drill 4 to 6 holes at the Casper target. Select rock samples have been found to exceed 1.0 gram per tonne extending along trend for 330 meters within a 500-meter-wide gold-in-soil anomaly.

    Geophysical survey results expected soon.  Garibaldi is expecting full results from the recently completed Z-Axis Tipper electromagnetic (ZTEM) survey that was completed over the entire Eskay Claim Group. Preliminary data identified several targets across the E&L and Palm Springs property that are near drill ready targets. The ZTEM survey data will help to define, rank, and prioritize deeper …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Release – Chakana Reports 268M of 1.17 gt Gold 0.55 Copper and 19.2 gt Silver (1.48 Cu-EQ) in Breccia Pipe 5 from Surface at Soledad Peru

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Chakana Reports 268M of 1.17 g/t Gold, 0.55% Copper and 19.2 g/t Silver (1.48% Cu-EQ) in Breccia Pipe 5 from Surface at Soledad, Peru

 

Soledad Project Highlights Include:

  • 14 resource definition holes at Breccia Pipe 5 (Bx 5) reported totalling 2,052.75m
  • Additional resource definition drill results pending for Bx 5 and Huancarama
  • Site visit with Qualified Person for 43-101 resource estimate completed
  • Gradient-array induced-polarization (IP) geophysical surveys continue

Vancouver, B.C., September 14, 2021 – Chakana Copper Corp. (TSX-V: PERU; OTCQB: CHKKF; FRA: 1ZX) (the “Company” or “Chakana”), is pleased to provide results from fourteen resource definition holes drilled in Bx 5 totaling 2,052.75m at the Soledad project, Ancash, Peru (see table below). The resource drilling is part of a fully funded 26,000m exploration and resource drilling program planned for 2021 (Fig. 1). These results will increase confidence in the initial resource estimate, anticipated to be completed by the end of 2021.

“The additional drill results for Bx 5 are outstanding and improve our understanding of the mineralization hosted in this breccia pipe. Grades are stronger at depth as seen in the deeper holes in this release, and mineralization remains open. This is one of six breccia pipes that will be included in the initial resource estimate. The Soledad project is exceptional in having multiple mineralized breccia pipes in close proximity to each other. We are also very excited about the new geophysical data that is being acquired across the entire extent of the 12km2 mineral system and expect that this will contribute to the ongoing exploration success on the property,” stated President and CEO David Kelley.

Drill Results

Bx 5 (Resource Definition)

DDH # From  –  To
(m)		 Core Length
(m)		 Au
g/t		 Ag
g/t		 Cu
%		 Cu-eq
%*		 Au-eq
g/t*
SDH21-224 174.00 182.00 8.00 2.38 3.2     2.42
and 190.00 204.60 14.60 0.49 63.7 2.08 2.94 4.50
SDG21-226 154.00 311.00 157.00 1.44 13.2 0.66 1.71 2.62
including 194.00 247.00 53.00 1.27 18.7 1.21 2.20 3.37
including 263.00 311.00 48.00 2.81 16.1 0.76 2.73 4.18
SDH21-227 157.85 176.00 18.15 1.19 18.1 0.44 1.37 2.10
and 183.00 288.00 105.00 1.24 23.0 1.09 2.10 3.21
including 184.00 230.00 46.00 1.50 40.5 1.74 3.07 4.69
SDH21-229 0.00 268.00 268.00 1.17 19.2 0.55 1.48 2.26
including 234.00 264.00 30.00 1.94 23.3 1.70 3.17 4.85
SDH21-231 0.00 139.00 139.00 1.21 30.7 0.28 1.33 2.04
SDH21-233 0.00 16.00 16.00 0.86 40.6 0.31 1.22 1.87
SDH21-234 0 26.30 26.30 1.55 39.8 0.30 1.65 2.53
SDH21-235 0.00 55.00 55.00 1.21 45.9 0.32 1.50 2.30
SDH21-236 0.00 73.45 73.45 0.98 37.7 0.23  1.19 1.82
SDH21-238 0.00 27.00 27.00 1.69 54.1     2.40
SDH21-239 0.00 16.45 16.45 3.16 79.0     4.19
SDH21-240 0.00 67.40 67.40 1.43 53.7 0.42 1.81 2.77
SDH21-241 0.00 92.00 92.00 0.92 35.0 0.34 1.24 1.90
including 1.00 15.00 14.00 2.49 62.4     3.31
SDH21-243 0.00 93.00 93.00 1.33 50.9 0.39 1.69 2.59
including 11.00 37.00 26.00 2.25 116.7 0.55 3.02 4.62

* Cu_eq and Au_eq values were calculated using copper, gold, and silver. Metal prices utilized for the calculations are Cu – US$2.90/lb, Au – US$1,300/oz, and Ag – US$17/oz. No adjustments were made for recovery as the project is an early-stage exploration project and metallurgical data to allow for estimation of recoveries are not yet available. The formulas utilized to calculate equivalent values are Cu-eq (%) = Cu% + (Au g/t * 0.6556) + (Ag g/t * 0.00857) and Au-eq (g/t) = Au g/t + (Cu% * 1.5296) + (Ag g/t * 0.01307).

Bx 5
The Bx 5 breccia pipe is in the north-central part of the project and is one of six breccia pipes that will be included in Chakana’s initial resource estimate (Fig. 1). The breccia pipe forms a prominent monument outcrop and extends to depths greater than 482m where mineralization remains open. Drill holes described in this release were designed to confirm shallow mineralization in the top western half of the breccia pipe, as well as deeper extents of mineralization probed by three holes drilled to the north from a platform located 100m south of the breccia pipe (Figs. 2 and 3). All holes intersected significant mineralization (see Figure 4 for select core photos of the mineralization). Twelve additional holes have been drilled as part of the resource definition program; results for these holes are pending.

Resource Estimate Site Visit
A site visit to the Soledad project was completed by a Qualified Person as defined by NI 43-101 for the purpose of the resource estimation. The visit included a geological overview, visits to several exposed breccia pipes, core inspection, sampling protocols, surface sampling, and a visit to the ALS laboratory in Callao, Lima, Peru.

2021 Resource and Exploration Drill Program
A total of 26,850m of drilling has been completed in 2021. The objectives of this drill program are to complete resource definition drilling on six initial breccia pipes to an approximate depth of 300m and test several new exploration targets. Breccia pipes that will be included in the initial resource estimate are: Bx1, Bx 5, Bx6, Paloma East, Paloma West, and Huancarama (Fig. 1). Additional resource definition drill results for Bx 5 and Huancarama are pending. During 2021 our drilling was focused on the north half of the project where drill permits are in place. Permitting for the south half of the project is well advanced. The southern half of the property hosts several outcropping mineralized tourmaline breccia pipes and has been recently covered by the Company’s ongoing geophysical program. Numerous targets exist, none of which have been drilled previously.

Geophysical Surveys
Gradient-array induced-polarization (IP) surveys are approximately 90% complete over the entire 12km2 footprint of the Soledad mineral system. Once completed, off-set IP surveying will be conducted over high-priority target areas to supplement the extensive exploration datasets used to identify the current inventory of 110 exploration targets on the property. This new information will be used to identify both new targets and prioritize existing targets in preparation for drilling when the exploration drilling program resumes.

About Chakana Copper
Chakana Copper Corp is a Canadian-based minerals exploration company that is currently advancing the Soledad Project located in the Ancash region of Peru, a highly favorable mining jurisdiction with supportive communities. The Soledad Project is notable for the high-grade copper-gold-silver mineralization that is hosted in tourmaline breccia pipes. A total of 60,854 metres in 261 diamond core holes for exploration and resource definition drilling have been completed since 2017, testing 16 of 110 total exploration targets, confirming that Soledad is a large, well-endowed mineral system with strong exploration upside. Chakana’s investors are uniquely positioned as the Soledad Project provides exposure to base and precious metals. For more information on the Soledad project, please visit the website at www.chakanacopper.com.

Sampling and Analytical Procedures
Chakana follows rigorous sampling and analytical protocols that meet or exceed industry standards. Core samples are stored in a secured area until transport in batches to the ALS facility in Callao, Lima, Peru. Sample batches include certified reference materials, blank, and duplicate samples that are then processed under the control of ALS. All samples are analyzed using the ME-MS41 (ICP technique that provides a comprehensive multi-element overview of the rock geochemistry), while gold is analyzed by AA24 and GRA22 when values exceed 10 g/t by AA24. Over limit silver, copper, lead and zinc are analyzed using the OG-46 procedure. Soil samples are analyzed by 4-acid (ME-MS61) and for gold by Fire Assay on a 30g sample (Au-ICP21).

Results of previous drilling and additional information concerning the Project, including a technical report prepared in accordance with National Instrument 43-101, are made available on Chakana’s SEDAR profile at www.sedar.com.

Qualified Person
David Kelley, an officer and a director of Chakana, and a Qualified Person as defined by NI 43-101, reviewed and approved the technical information in this news release.

ON BEHALF OF THE BOARD

(signed) “David Kelley”
David Kelley
President and CEO

For further information contact:

Joanne Jobin, Investor Relations Officer
Phone: 647 964 0292
Email: jjobin@chakanacopper.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking Statement Advisory: This release may contain forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Chakana to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Forward looking statements or information relates to, among other things, the interpretation of the nature of the mineralization at the Soledad copper-gold-silver project (the “Project”), the potential to expand the mineralization, and to develop and grow a resource within the Project, the planning for further exploration work, the ability to de-risk the potential exploration targets, and our belief in the potential for mineralization within unexplored parts of the Project. These forward-looking statements are based on management’s current expectations and beliefs but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward- looking statements or information. The Company disclaims any obligation to update, or to publicly announce, any such statements, events or developments except as required by law.

Figure 1 – View looking north showing outcropping breccia pipes and occurrences within the northern Soledad cluster. Pipes that will be included in the initial resource are shown in green (Bx 1, Bx 5, Bx 6, Paloma East, Paloma West, and Huancarama). Breccia pipes shown in yellow have had exploration drilling completed. Other pipes/occurrences and targets defined by other exploration data remain to be tested by drilling. Additional breccia pipes occur on the south half of the property and are not shown here.

Figure 2 – Map showing drill holes reported in this release and modeled breccia pipe (light red shape) based on all drill holes. Light gray contours are at 20m intervals. Blue rectangle in the inset map shows the area of Figure 2 within the overall Chakana property.

Figure 3 – 3D sectional view of Bx 5 looking east. Light red 3D shape shows breccia pipe geometry based on all drill holes. Previous holes drilled shown in grey.

Figure 4 – Select core photos from Bx 5 reported in this release: SDH21-226 (310.55m) chalcopyrite-pyrite-siderite-quartz filling breccia matrix; SDH21-226 (310.95m) chalcopyrite filling matrix in mosaic breccia; SDH21-229 (32.00m) chalcopyrite-pyrite-cemented chaotic shingle breccia; SDH21-229 (104.50m) chalcopyrite-pyrite-sphalerite-siderite filling breccia matrix; SDH21-231 (57.9m) selective clast replacement by chalcopyrite with black tourmaline matrix; SDH21-231 (113.55m) chalcopyrite-cosalite-galena-siderite filling breccia matrix; SDH21-234 (18.00m) chalcopyrite-tourmaline-cemented shingle breccia; SDH21-235 (42.20m) chalcopyrite-tourmaline-cemented shingle breccia; SDH21-236 (73.2m) selective clast replacement by chalcopyrite-pyrite; SDH21-240 (46.2m) chalcopyrite-pyrite-cemented mosaic breccia; SDH21-243 (35.10m) chalcopyrite-pyrite-cemented chaotic shingle breccia; SDH21-243 (55.40m) chalcopyrite-pyrite-cemented chaotic shingle breccia. Core diameter is 6.35cm (HQ) in all instances.

Chakana Reports 268M of 1.17 g/t Gold, 0.55% Copper and 19.2 g/t Silver (1.48% Cu-EQ) in Breccia Pipe 5 from Surface at Soledad, Peru

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Chakana Reports 268M of 1.17 g/t Gold, 0.55% Copper and 19.2 g/t Silver (1.48% Cu-EQ) in Breccia Pipe 5 from Surface at Soledad, Peru

 

Soledad Project Highlights Include:

  • 14 resource definition holes at Breccia Pipe 5 (Bx 5) reported totalling 2,052.75m
  • Additional resource definition drill results pending for Bx 5 and Huancarama
  • Site visit with Qualified Person for 43-101 resource estimate completed
  • Gradient-array induced-polarization (IP) geophysical surveys continue

Vancouver, B.C., September 14, 2021 – Chakana Copper Corp. (TSX-V: PERU; OTCQB: CHKKF; FRA: 1ZX) (the “Company” or “Chakana”), is pleased to provide results from fourteen resource definition holes drilled in Bx 5 totaling 2,052.75m at the Soledad project, Ancash, Peru (see table below). The resource drilling is part of a fully funded 26,000m exploration and resource drilling program planned for 2021 (Fig. 1). These results will increase confidence in the initial resource estimate, anticipated to be completed by the end of 2021.

“The additional drill results for Bx 5 are outstanding and improve our understanding of the mineralization hosted in this breccia pipe. Grades are stronger at depth as seen in the deeper holes in this release, and mineralization remains open. This is one of six breccia pipes that will be included in the initial resource estimate. The Soledad project is exceptional in having multiple mineralized breccia pipes in close proximity to each other. We are also very excited about the new geophysical data that is being acquired across the entire extent of the 12km2 mineral system and expect that this will contribute to the ongoing exploration success on the property,” stated President and CEO David Kelley.

Drill Results

Bx 5 (Resource Definition)

DDH # From  –  To
(m)		 Core Length
(m)		 Au
g/t		 Ag
g/t		 Cu
%		 Cu-eq
%*		 Au-eq
g/t*
SDH21-224 174.00 182.00 8.00 2.38 3.2     2.42
and 190.00 204.60 14.60 0.49 63.7 2.08 2.94 4.50
SDG21-226 154.00 311.00 157.00 1.44 13.2 0.66 1.71 2.62
including 194.00 247.00 53.00 1.27 18.7 1.21 2.20 3.37
including 263.00 311.00 48.00 2.81 16.1 0.76 2.73 4.18
SDH21-227 157.85 176.00 18.15 1.19 18.1 0.44 1.37 2.10
and 183.00 288.00 105.00 1.24 23.0 1.09 2.10 3.21
including 184.00 230.00 46.00 1.50 40.5 1.74 3.07 4.69
SDH21-229 0.00 268.00 268.00 1.17 19.2 0.55 1.48 2.26
including 234.00 264.00 30.00 1.94 23.3 1.70 3.17 4.85
SDH21-231 0.00 139.00 139.00 1.21 30.7 0.28 1.33 2.04
SDH21-233 0.00 16.00 16.00 0.86 40.6 0.31 1.22 1.87
SDH21-234 0 26.30 26.30 1.55 39.8 0.30 1.65 2.53
SDH21-235 0.00 55.00 55.00 1.21 45.9 0.32 1.50 2.30
SDH21-236 0.00 73.45 73.45 0.98 37.7 0.23  1.19 1.82
SDH21-238 0.00 27.00 27.00 1.69 54.1     2.40
SDH21-239 0.00 16.45 16.45 3.16 79.0     4.19
SDH21-240 0.00 67.40 67.40 1.43 53.7 0.42 1.81 2.77
SDH21-241 0.00 92.00 92.00 0.92 35.0 0.34 1.24 1.90
including 1.00 15.00 14.00 2.49 62.4     3.31
SDH21-243 0.00 93.00 93.00 1.33 50.9 0.39 1.69 2.59
including 11.00 37.00 26.00 2.25 116.7 0.55 3.02 4.62

* Cu_eq and Au_eq values were calculated using copper, gold, and silver. Metal prices utilized for the calculations are Cu – US$2.90/lb, Au – US$1,300/oz, and Ag – US$17/oz. No adjustments were made for recovery as the project is an early-stage exploration project and metallurgical data to allow for estimation of recoveries are not yet available. The formulas utilized to calculate equivalent values are Cu-eq (%) = Cu% + (Au g/t * 0.6556) + (Ag g/t * 0.00857) and Au-eq (g/t) = Au g/t + (Cu% * 1.5296) + (Ag g/t * 0.01307).

Bx 5
The Bx 5 breccia pipe is in the north-central part of the project and is one of six breccia pipes that will be included in Chakana’s initial resource estimate (Fig. 1). The breccia pipe forms a prominent monument outcrop and extends to depths greater than 482m where mineralization remains open. Drill holes described in this release were designed to confirm shallow mineralization in the top western half of the breccia pipe, as well as deeper extents of mineralization probed by three holes drilled to the north from a platform located 100m south of the breccia pipe (Figs. 2 and 3). All holes intersected significant mineralization (see Figure 4 for select core photos of the mineralization). Twelve additional holes have been drilled as part of the resource definition program; results for these holes are pending.

Resource Estimate Site Visit
A site visit to the Soledad project was completed by a Qualified Person as defined by NI 43-101 for the purpose of the resource estimation. The visit included a geological overview, visits to several exposed breccia pipes, core inspection, sampling protocols, surface sampling, and a visit to the ALS laboratory in Callao, Lima, Peru.

2021 Resource and Exploration Drill Program
A total of 26,850m of drilling has been completed in 2021. The objectives of this drill program are to complete resource definition drilling on six initial breccia pipes to an approximate depth of 300m and test several new exploration targets. Breccia pipes that will be included in the initial resource estimate are: Bx1, Bx 5, Bx6, Paloma East, Paloma West, and Huancarama (Fig. 1). Additional resource definition drill results for Bx 5 and Huancarama are pending. During 2021 our drilling was focused on the north half of the project where drill permits are in place. Permitting for the south half of the project is well advanced. The southern half of the property hosts several outcropping mineralized tourmaline breccia pipes and has been recently covered by the Company’s ongoing geophysical program. Numerous targets exist, none of which have been drilled previously.

Geophysical Surveys
Gradient-array induced-polarization (IP) surveys are approximately 90% complete over the entire 12km2 footprint of the Soledad mineral system. Once completed, off-set IP surveying will be conducted over high-priority target areas to supplement the extensive exploration datasets used to identify the current inventory of 110 exploration targets on the property. This new information will be used to identify both new targets and prioritize existing targets in preparation for drilling when the exploration drilling program resumes.

About Chakana Copper
Chakana Copper Corp is a Canadian-based minerals exploration company that is currently advancing the Soledad Project located in the Ancash region of Peru, a highly favorable mining jurisdiction with supportive communities. The Soledad Project is notable for the high-grade copper-gold-silver mineralization that is hosted in tourmaline breccia pipes. A total of 60,854 metres in 261 diamond core holes for exploration and resource definition drilling have been completed since 2017, testing 16 of 110 total exploration targets, confirming that Soledad is a large, well-endowed mineral system with strong exploration upside. Chakana’s investors are uniquely positioned as the Soledad Project provides exposure to base and precious metals. For more information on the Soledad project, please visit the website at www.chakanacopper.com.

Sampling and Analytical Procedures
Chakana follows rigorous sampling and analytical protocols that meet or exceed industry standards. Core samples are stored in a secured area until transport in batches to the ALS facility in Callao, Lima, Peru. Sample batches include certified reference materials, blank, and duplicate samples that are then processed under the control of ALS. All samples are analyzed using the ME-MS41 (ICP technique that provides a comprehensive multi-element overview of the rock geochemistry), while gold is analyzed by AA24 and GRA22 when values exceed 10 g/t by AA24. Over limit silver, copper, lead and zinc are analyzed using the OG-46 procedure. Soil samples are analyzed by 4-acid (ME-MS61) and for gold by Fire Assay on a 30g sample (Au-ICP21).

Results of previous drilling and additional information concerning the Project, including a technical report prepared in accordance with National Instrument 43-101, are made available on Chakana’s SEDAR profile at www.sedar.com.

Qualified Person
David Kelley, an officer and a director of Chakana, and a Qualified Person as defined by NI 43-101, reviewed and approved the technical information in this news release.

ON BEHALF OF THE BOARD

(signed) “David Kelley”
David Kelley
President and CEO

For further information contact:

Joanne Jobin, Investor Relations Officer
Phone: 647 964 0292
Email: jjobin@chakanacopper.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking Statement Advisory: This release may contain forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Chakana to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Forward looking statements or information relates to, among other things, the interpretation of the nature of the mineralization at the Soledad copper-gold-silver project (the “Project”), the potential to expand the mineralization, and to develop and grow a resource within the Project, the planning for further exploration work, the ability to de-risk the potential exploration targets, and our belief in the potential for mineralization within unexplored parts of the Project. These forward-looking statements are based on management’s current expectations and beliefs but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward- looking statements or information. The Company disclaims any obligation to update, or to publicly announce, any such statements, events or developments except as required by law.

Figure 1 – View looking north showing outcropping breccia pipes and occurrences within the northern Soledad cluster. Pipes that will be included in the initial resource are shown in green (Bx 1, Bx 5, Bx 6, Paloma East, Paloma West, and Huancarama). Breccia pipes shown in yellow have had exploration drilling completed. Other pipes/occurrences and targets defined by other exploration data remain to be tested by drilling. Additional breccia pipes occur on the south half of the property and are not shown here.

Figure 2 – Map showing drill holes reported in this release and modeled breccia pipe (light red shape) based on all drill holes. Light gray contours are at 20m intervals. Blue rectangle in the inset map shows the area of Figure 2 within the overall Chakana property.

Figure 3 – 3D sectional view of Bx 5 looking east. Light red 3D shape shows breccia pipe geometry based on all drill holes. Previous holes drilled shown in grey.

Figure 4 – Select core photos from Bx 5 reported in this release: SDH21-226 (310.55m) chalcopyrite-pyrite-siderite-quartz filling breccia matrix; SDH21-226 (310.95m) chalcopyrite filling matrix in mosaic breccia; SDH21-229 (32.00m) chalcopyrite-pyrite-cemented chaotic shingle breccia; SDH21-229 (104.50m) chalcopyrite-pyrite-sphalerite-siderite filling breccia matrix; SDH21-231 (57.9m) selective clast replacement by chalcopyrite with black tourmaline matrix; SDH21-231 (113.55m) chalcopyrite-cosalite-galena-siderite filling breccia matrix; SDH21-234 (18.00m) chalcopyrite-tourmaline-cemented shingle breccia; SDH21-235 (42.20m) chalcopyrite-tourmaline-cemented shingle breccia; SDH21-236 (73.2m) selective clast replacement by chalcopyrite-pyrite; SDH21-240 (46.2m) chalcopyrite-pyrite-cemented mosaic breccia; SDH21-243 (35.10m) chalcopyrite-pyrite-cemented chaotic shingle breccia; SDH21-243 (55.40m) chalcopyrite-pyrite-cemented chaotic shingle breccia. Core diameter is 6.35cm (HQ) in all instances.

Garibaldi Resources (GGIFF)(GGI:CA) – Drilling Moves On to Casper; Awaiting Full Geophysical Survey Results

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Thursday, October 14, 2021

Garibaldi Resources (GGIFF)(GGI:CA)
Drilling Moves On to Casper; Awaiting Full Geophysical Survey Results

Garibaldi Resources Corp is a Canadian-based junior exploration company. It is engaged in the acquisition, exploration, and evaluation of mineral properties located in Canada and Mexico. The company’s projects in Mexico include the La Patilla, the Rodadero, the Tonichi and the Iris project. Its projects in Canada include the PSP and King projects, The Cariboo Copper and Gold project, the Red Lion project, the Grizzly project, the Tora Tora project and the Black Gold project.

Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Drilling shifts to Casper. Due to the early onset of winter on the precipices of Nickel Mountain, management has shifted drilling to the lower elevation Casper quartz gold vein target north of Nickel Mountain. Recall that four shallow diamond drill holes tested the Casper quartz vein discovery in December 2020 with each hole intercepting mineralization. We expect the company to drill 4 to 6 holes at the Casper target. Select rock samples have been found to exceed 1.0 gram per tonne extending along trend for 330 meters within a 500-meter-wide gold-in-soil anomaly.

    Geophysical survey results expected soon.  Garibaldi is expecting full results from the recently completed Z-Axis Tipper electromagnetic (ZTEM) survey that was completed over the entire Eskay Claim Group. Preliminary data identified several targets across the E&L and Palm Springs property that are near drill ready targets. The ZTEM survey data will help to define, rank, and prioritize deeper …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Chakana Copper Corp (CHKKF)(PERU:CA) – Scratching the Surface of Soledad’s Resource Potential

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Wednesday, October 13, 2021

Chakana Copper Corp (CHKKF)(PERU:CA)
Scratching the Surface of Soledad’s Resource Potential

Noble Capital Markets research on Chakana Copper Corp is published under ticker symbols CHKKF and PERU:CA. The price target is in USD and based on ticker symbol CHKKF. Chakana Copper Corp is a Canadian-based minerals exploration company that is currently advancing the high-grade gold-copper-silver Soledad Project located in the Ancash region of Peru, a highly favorable mining jurisdiction with supportive communities. The Soledad Project consists of high-grade gold-copper-silver mineralization hosted in tourmaline breccia pipes. A total of 33,353 metres of drilling has been completed to-date, testing nine (9) of twenty-three (23) confirmed breccia pipes with more than 92 total targets. Chakana’s investors are uniquely positioned as the Soledad Project provides exposure to several metals including copper, gold, and silver.

Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Exploration drill results. Chakana released results from five exploration holes that tested two targets, including Bx 7 and the Marker breccia. Hole SDH21-212 at Breccia Bx 7 returned 0.62 grams of gold per tonne, 79 grams of silver per tonne, and 0.20% copper from surface to a depth of 220 meters. Three higher grade intervals were revealed at depth with increasing gold grades, high silver grades, and moderate copper grades. Additional drilling is needed to define its shape and depth before initiating resource definition drilling. At Marker, three shallow drill holes intersected tourmaline breccia but returned no significant grades.

    Initial resource estimate expected by year-end.  The company expects to release an initial resource estimate in December which will include Bx 1, Bx 5, Bx 6, Paloma East, Paloma West, and Huancarama down to a depth of 300 meters. Resource definition drilling has been completed and the company has paused its exploration drilling program to complete geophysical surveys. Results for 51 resource …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Release – Garibaldi Drilling Shifts To Casper

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Garibaldi Drilling Shifts To Casper

 

Vancouver, British Columbia, October13, 2021 – Garibaldi Resources (TSXV: GGI) (the “Company” or “Garibaldi”) wishes to notify shareholders that due to hazardous conditions from the early onset of winter on the slopes of Nickel Mountain, the 2021 exploration program will shift drilling for safety reason to the lower elevation Casper quartz gold vein target north of Nickel Mountain within the Company’s 180 sq.km Eskay Claim Group in Northwest British Columbia.

The Geotech ZTEM survey recently completed over the entire Eskay Claim Group, is a key tool able to identify deeper conductors, as indicated by preliminary EM responses. The preliminary data has identified several anomalous areas that the geologic team is eager to evaluate, in particular specific targets across the E&L and Palm Springs property associated with previous geophysical and geochemical anomalies that are near drill ready targets.

Garibaldi is expecting full survey results imminently. Once detailed analysis and interpretation of the final data is completed, the Company will focus plans on the next stage of exploration including geological and geochemical surveys and drill testing on the highest priority geophysical anomalies and high potential areas.

Casper Targets:

Garibaldi drilled four shallow diamond drill holes last December to test three separate quartz veins, two of which contain visible gold and a mineralized silicified volcanic unit that also contained visible gold. All four holes intercepted gold mineralization. See February 12, 2021 news release for details. 

  • The 2021 drill program will test along trend of the known mineralized vein system to both the northwest and southeast, as well as down dip while simultaneously targeting silicified volcanic units which have hosted gold mineralization in both outcrop and core.
  • The mapping of four separate rock units containing gold at Casper, has elevated expectations with regards to the potential for the system to represent a bulk mineralized zone, with over 120 meters of systematic  trenching of high grade gold in quartz veins that may be the surface expression of targets at greater depth.
  • Newly acquired SkyTEM data has identified steeply dipping high resistivity breaks within stronger conductive zones coincident with the known Casper system, which is composed of quartz veins and silicified volcanics. Only one hole to date has exceeded 150 meters in depth.
  • Two additional high resistivity breaks were identified north of the known mineralized system, as well as significant high resistivity areas trending continuously to the northwest from the known system. These peripheral targets may also be tested in this drilling campaign.

The Casper high-grade quartz gold vein system remains open with select rock samples exceeding 1.0g/t gold extending along trend for 330 meters within a 500-meter-wide gold-in-soil anomaly. Multiple selected grab samples with visible gold taken from a trench on the east side of the main Casper vein returned exceptional gold grades, see news dated Sept.22, 2020. Casper provides another remarkable drill target that continues to expand.

Steve Regoci, Garibaldi’s CEO, stated: “The challenge for our geological team is the significant number of base and precious metal showings sampled along these deep-seated structural trends. The ZTEM survey data will help to define, rank and prioritize deeper conductive anomalies. Even as drilling at the E&L and Casper discoveries expands the mineralized potential within the Eskay Claim Group, new targets at Palm Springs, triple faults and Mount Shirley continue to emerge for follow up.”

VP of Exploration Jeremy Hanson stated “Our highest priority at Casper is vectoring towards the source of the high-grade gold veins and gold bearing silicified volcanics. The hydrothermal system where these fluids originated from has the potential to be another significant discovery in the Golden Triangle. While we are currently focused on actively exploring Casper, we are eagerly awaiting full final data and 3D inversion for the property wide ZTEM survey”

Qualified Person

James Hutter, P.Geo., qualified person as defined by NI- 43-101, has supervised the preparation of and reviewed and approved of the disclosure of information in this news release.

About Garibaldi

Garibaldi Resources Corp. is an active Canadian-based junior exploration company focused on creating shareholder value through discoveries and strategic development of its assets in some of the most prolific mining regions in British Columbia and Mexico.

We seek safe harbor.

GARIBALDI RESOURCES CORP.

Per: “Steve Regoci”
Steve Regoci, President

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or the accuracy of this release     

Garibaldi Drilling Shifts To Casper

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Garibaldi Drilling Shifts To Casper

 

Vancouver, British Columbia, October13, 2021 – Garibaldi Resources (TSXV: GGI) (the “Company” or “Garibaldi”) wishes to notify shareholders that due to hazardous conditions from the early onset of winter on the slopes of Nickel Mountain, the 2021 exploration program will shift drilling for safety reason to the lower elevation Casper quartz gold vein target north of Nickel Mountain within the Company’s 180 sq.km Eskay Claim Group in Northwest British Columbia.

The Geotech ZTEM survey recently completed over the entire Eskay Claim Group, is a key tool able to identify deeper conductors, as indicated by preliminary EM responses. The preliminary data has identified several anomalous areas that the geologic team is eager to evaluate, in particular specific targets across the E&L and Palm Springs property associated with previous geophysical and geochemical anomalies that are near drill ready targets.

Garibaldi is expecting full survey results imminently. Once detailed analysis and interpretation of the final data is completed, the Company will focus plans on the next stage of exploration including geological and geochemical surveys and drill testing on the highest priority geophysical anomalies and high potential areas.

Casper Targets:

Garibaldi drilled four shallow diamond drill holes last December to test three separate quartz veins, two of which contain visible gold and a mineralized silicified volcanic unit that also contained visible gold. All four holes intercepted gold mineralization. See February 12, 2021 news release for details. 

  • The 2021 drill program will test along trend of the known mineralized vein system to both the northwest and southeast, as well as down dip while simultaneously targeting silicified volcanic units which have hosted gold mineralization in both outcrop and core.
  • The mapping of four separate rock units containing gold at Casper, has elevated expectations with regards to the potential for the system to represent a bulk mineralized zone, with over 120 meters of systematic  trenching of high grade gold in quartz veins that may be the surface expression of targets at greater depth.
  • Newly acquired SkyTEM data has identified steeply dipping high resistivity breaks within stronger conductive zones coincident with the known Casper system, which is composed of quartz veins and silicified volcanics. Only one hole to date has exceeded 150 meters in depth.
  • Two additional high resistivity breaks were identified north of the known mineralized system, as well as significant high resistivity areas trending continuously to the northwest from the known system. These peripheral targets may also be tested in this drilling campaign.

The Casper high-grade quartz gold vein system remains open with select rock samples exceeding 1.0g/t gold extending along trend for 330 meters within a 500-meter-wide gold-in-soil anomaly. Multiple selected grab samples with visible gold taken from a trench on the east side of the main Casper vein returned exceptional gold grades, see news dated Sept.22, 2020. Casper provides another remarkable drill target that continues to expand.

Steve Regoci, Garibaldi’s CEO, stated: “The challenge for our geological team is the significant number of base and precious metal showings sampled along these deep-seated structural trends. The ZTEM survey data will help to define, rank and prioritize deeper conductive anomalies. Even as drilling at the E&L and Casper discoveries expands the mineralized potential within the Eskay Claim Group, new targets at Palm Springs, triple faults and Mount Shirley continue to emerge for follow up.”

VP of Exploration Jeremy Hanson stated “Our highest priority at Casper is vectoring towards the source of the high-grade gold veins and gold bearing silicified volcanics. The hydrothermal system where these fluids originated from has the potential to be another significant discovery in the Golden Triangle. While we are currently focused on actively exploring Casper, we are eagerly awaiting full final data and 3D inversion for the property wide ZTEM survey”

Qualified Person

James Hutter, P.Geo., qualified person as defined by NI- 43-101, has supervised the preparation of and reviewed and approved of the disclosure of information in this news release.

About Garibaldi

Garibaldi Resources Corp. is an active Canadian-based junior exploration company focused on creating shareholder value through discoveries and strategic development of its assets in some of the most prolific mining regions in British Columbia and Mexico.

We seek safe harbor.

GARIBALDI RESOURCES CORP.

Per: “Steve Regoci”
Steve Regoci, President

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or the accuracy of this release     

Metals and Mining Review and Outlook – Noble Capital Markets Natural Resources Sector Review – Q3 2021

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Metals & Mining Third Quarter 2021 Review and Outlook

Noble Capital Markets Natural Resources Sector Review – October 2021

Source: Capital IQ as of 09/30/2021

Source: Capital IQ as of 09/30/2021; Company Filings

METALS AND MINING INDUSTRY OUTLOOK

Metals & Mining Third Quarter 2021 Review and Outlook

Precious metals miners had a rough quarter.

During the third quarter, mining companies (as measured by the XME) declined 3.1% compared to a gain of 0.2% for the S&P 500 index. The VanEck Vectors Gold Miners (GDX) and Junior Gold Miners (GDXJ) ETFs were down 13.3% and 18.1%, respectively. Gold, silver, and copper futures prices were down 0.8%, 15.3%, and 4.3%, respectively, while lead and zinc were up 3.6% and 4.8%. Year-to-date through September 30, gold and silver prices declined 7.8% and 16.6%, respectively, while copper, lead, and zinc prices were up 16.4%, 17.8%, and 17.3%. While our last quarterly update predicted range-bound gold and silver prices, we are growing more bullish going into 2022. Moreover, our outlook remains upbeat for industrial metals.

Growing conviction on precious metals.

During the third quarter, the U.S. Dollar Index rose 1.9% and is up 4.8% year-to-date through September 30. The yield on the 10-year rose modestly during the quarter and was up 61 basis points compared to year-end 2020. While a rise in the U.S. dollar and treasury yields are headwinds for gold, it is likely that inflation will remain elevated through 2022, real interest rates will remain low, and investors may begin to focus on rising federal deficit spending and debt levels. Less favorable year-over-year GDP growth comparisons could take momentum out of growth stocks and investors may tilt to value and defensive sectors. We think gold may be viewed more favorably as a store of value and silver could benefit from renewed interest in gold. While we value cryptocurrencies’ utility as a medium of exchange, they have become more of a speculative vehicle whose market values are untethered to intrinsic value.

Still bullish on base metals.

With respect to industrial metals, we remain bullish due to favorable supply and demand fundamentals supported by global economic growth, infrastructure spending, and trends toward electrification, decarbonization, and renewable power technologies.

Exposure to mining stocks

Investors should remain exposed to precious and base metals through mining stocks. Valuations, particularly among junior companies, remain attractive. Because large, high-quality deposits are becoming increasingly scarce, geopolitical considerations more complex, and lead times for bringing a mine into production longer, M&A activity could accelerate as large mining companies seek to bolster reserves and resources.

Source: Capital IQ as of 09/30/2021

Gold Mining – Comparable Tables 

Source: Capital IQ as of 09/30/2021

Gold Mining – LTM Equity Performance 

Source: Capital IQ as of 09/30/2021

Silver Mining – Comparable Tables 

Source: Capital IQ as of 09/30/2021

Silver Mining – LTM Equity Performance 

Source: Capital IQ as of 09/30/2021

Gold & Silver – LTM Global M&A Activity 

Source: Capital IQ as of 09/30/2021

Diversified Mining – Comparable Tables 

Source: Capital IQ as of 09/30/2021

Diversified Mining – LTM Equity Performance 

Source: Capital IQ as of 09/30/2021

Diversified Mining – LTM Global M&A Activity 

Source: Capital IQ as of 09/30/2021

LTM Mining Industry M&A Summary 

Source: Capital IQ as of 06/30/2021

NOBLE QUARTERLY HIGHLIGHTS

Jaxon Mining Inc. (TSXV:JAX)

Industry: Metals and Mining – Precious metals; Gold & Silver

Jaxon Mining is a Canadian-based exploration and development company pursuing the discoveries of commercial scale and grade Cu, Au, Ag, polymetallic projects. Jaxon focuses on overlooked and underexplored targets with deeper intervals that have not been identified or adequately explored; in areas that often have not been systematically mapped, modeled or drilled. Jaxon is currently focused on the Skeena Arch, an exceptionally orogenic and metallogenic area, in one of the most richly endowed terrains in British Columbia.

3rd Quarter News Highlights:

September 20, 2021: Jaxon announced an update on the Netalzul Mt project at British Columbia. The company completed a DC resistivity/induced polarization (IP) survey and a short interval magnetotelluric (MT) survey utilizing the Volterra Acquisition System, conducted by SJ Geophysics Ltd; and a LiDAR data acquisition conducted by Eagle Mapping Ltd. In addition, as of September 16, eight diamond drilling holes have been completed for a total of 2,258 metres at the Netalzul Mt project.

Bunker Hill Mining Corp. (OTCQB:BHLL)

Industry: Metals and Mining – Precious metals; Silver

Bunker Hill Mining Corp, intends to sustainably restart and develop the Bunker Hill Mine as the first step in consolidating a portfolio of North American precious-metal assets with a focus on silver. The company is dedicated to restart the historical mine as a modern, zero-emission, zero-footprint, long-life, underground operation that provides long-lasting benefits for all stakeholders.

3rd Quarter News Highlights:

September 23, 2021: The company announced the completion of a geophysics survey and entered a $2,500,000 bridge loan financing to support near-term working capital needs. Sam Ash, CEO of Bunker Hill Mining, stated: “Our exploration team was tasked to identify new mineralization near to both the surface and existing infrastructure. The completion of this geophysics survey is an important step in their on-going campaign, and we look forward to reporting its findings and next steps. We are also pleased to have secured bridge financing to support our working capital requirements as we complete our project finance process.”

World Copper Ltd. (OTCQB:WCUFF)

Industry: Metals and Mining – Diversified metals and mining

World Copper Ltd., headquartered in Vancouver, BC, is a Canadian resource company focused on the exploration and development of its two primary copper porphyry projects, Escalones and Cristal, both located in Chile.

3rd Quarter News Highlights:

September 20, 2021: The company signed a definitive agreement for the acquisition of Cardero Resource Corp. The deal is part of a plan to enhance World Copper’s portfolio of mineral projects as it would tap into Cardero’s Zonia copper oxide project in central Arizona. Nolan Peterson, World Copper’s CEO stated, “The signing of the definitive agreement with Cardero is another milestone for World Copper and one that will bring significant value to our shareholders. Our team sees upside potential at Zonia that has, to this point been unrealized, including a low-cost development and permitting path. We will apply the same knowledge and expertise to Zonia, as we have to our Escalones property, and work to advance and de-risk the project going forward.”

Source: Company Press Releases

DOWNLOAD THE FULL REPORT (PDF)

Noble Capital Markets Metals & Mining Newsletter Q3 2021

This newsletter was prepared and provided by Noble Capital Markets, Inc. For any questions and/or requests regarding this newsletter, please contact >Francisco Penafiel

DISCLAIMER

All statements or opinions contained herein that include the words “ we”,“ or “ are solely the responsibility of NOBLE Capital Markets, Inc and do not necessarily reflect statements or opinions expressed by any person or party affiliated with companies mentioned in this report Any opinions expressed herein are subject to change without notice All information provided herein is based on public and non public information believed to be accurate and reliable, but is not necessarily complete and cannot be guaranteed No judgment is hereby expressed or should be implied as to the suitability of any security described herein for any specific investor or any specific investment portfolio The decision to undertake any investment regarding the security mentioned herein should be made by each reader of this publication based on their own appraisal of the implications and risks of such decision This publication is intended for information purposes only and shall not constitute an offer to buy/ sell or the solicitation of an offer to buy/sell any security mentioned in this report, nor shall there be any sale of the security herein in any state or domicile in which said offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or domicile This publication and all information, comments, statements or opinions contained or expressed herein are applicable only as of the date of this publication and subject to change without prior notice Past performance is not indicative of future results.

Please refer to the above PDF for a complete list of disclaimers pertaining to this newsletter

Sierra Metals (SMTS)(SMT:CA) – BOD Concludes Review of Strategic Alternatives Authorizes Annual Dividend of $0.03 Per Share

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Friday, October 08, 2021

Sierra Metals (SMTS)(SMT:CA)
BOD Concludes Review of Strategic Alternatives; Authorizes Annual Dividend of $0.03 Per Share

As of April 24, 2020, Noble Capital Markets research on Sierra Metals is published under ticker symbols (SMTS and SMT:CA). The price target is in USD and based on ticker symbol SMTS. Research reports dated prior to April 24, 2020 may not follow these guidelines and could account for a variance in the price target.

Sierra Metals Inc is a precious and base metals producer in Latin America. The company acquires, explores, extracts, and produces mineral concentrates consisting of silver, copper, lead, zinc and gold in Mexico and Peru. Its activity includes the operation of the Yauricocha Mine in Peru, and the Bolivar and Cusi mines in Mexico. Yauricocha is an underground polymetallic mine using the sublevel block caving and cut-and-fill mining methods. Bolivar is a copper-silver-zinc-gold underground mine using room-and-pillar mining method. The majority of the revenue is earned by selling of the mineral concentrates to its customers in Peru.

Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Strategic review completed. The Board of Directors concluded its review of strategic alternatives. The company will continue to seek production growth through expansions with a focus on base metals such as copper, zinc, and iron ore and may consider joint venture, partnerships and/or divestment of certain assets, including the Cusi silver mine and/or exploration properties outside Sierra’s current operating area.

    Dividend announced.  The Board has authorized the payment of an annual dividend comprised of a base dividend of $0.03 per share and an additional amount based on available cash flows. The initial dividend is expected to be declared in November 2021 and paid in December 2021. The dividend reflects a favorable cash flow growth outlook and the board’s desire to return capital to shareholders. Based on …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Sierra Metals (SMTS)(SMT:CA) – BOD Concludes Review of Strategic Alternatives; Authorizes Annual Dividend of $0.03 Per Share

Posted on by Admin

Friday, October 08, 2021

Sierra Metals (SMTS)(SMT:CA)
BOD Concludes Review of Strategic Alternatives; Authorizes Annual Dividend of $0.03 Per Share

As of April 24, 2020, Noble Capital Markets research on Sierra Metals is published under ticker symbols (SMTS and SMT:CA). The price target is in USD and based on ticker symbol SMTS. Research reports dated prior to April 24, 2020 may not follow these guidelines and could account for a variance in the price target.

Sierra Metals Inc is a precious and base metals producer in Latin America. The company acquires, explores, extracts, and produces mineral concentrates consisting of silver, copper, lead, zinc and gold in Mexico and Peru. Its activity includes the operation of the Yauricocha Mine in Peru, and the Bolivar and Cusi mines in Mexico. Yauricocha is an underground polymetallic mine using the sublevel block caving and cut-and-fill mining methods. Bolivar is a copper-silver-zinc-gold underground mine using room-and-pillar mining method. The majority of the revenue is earned by selling of the mineral concentrates to its customers in Peru.

Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Strategic review completed. The Board of Directors concluded its review of strategic alternatives. The company will continue to seek production growth through expansions with a focus on base metals such as copper, zinc, and iron ore and may consider joint venture, partnerships and/or divestment of certain assets, including the Cusi silver mine and/or exploration properties outside Sierra’s current operating area.

    Dividend announced.  The Board has authorized the payment of an annual dividend comprised of a base dividend of $0.03 per share and an additional amount based on available cash flows. The initial dividend is expected to be declared in November 2021 and paid in December 2021. The dividend reflects a favorable cash flow growth outlook and the board’s desire to return capital to shareholders. Based on …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision.