Annuncio • Mar 19
Metalero Mining Corp. announced that it has received CAD 0.5 million in funding On March 18, 2026, Metalero Mining Corp. closed the transaction. Company paid a total of CAD 12,000 in cash and issued 79,999 non-transferable finders' warrants to eligible finders for certain of the shares sold. One insider participated in the offering, acquiring a total of 334,000 units. Annuncio • Feb 14
Metalero Mining Corp. Reports Extended Copper and Gold Soil Results At the Cantin Target on the Benson Project, Quesnel Trough, British Columbia Metalero Mining Corp. announced additional results from its recently completed Ionic Leach soil geochemical survey at the Cantin Target, part of the Company's road accessible flagship Benson Project, located in the prolific Quesnel Trough of central British Columbia. Both the copper and gold soil analyses at Cantin show two distinct anomalies overlying the strong magnetic signature from airborne geophysical surveys. The Cantin Northwest anomaly (> 8km2) includes approximately 135 samples which show the anomaly could extend to the northeast, northwest or southwest directions. The Cantin Southeast anomaly (> 15km2) comprises roughly 260 samples and shows the potential to still be open to the south and northeast. The two 2025 Ionic Leach programs, conducted in the spring and fall of 2025, were designed to evaluate and refine copper-gold targets across the underexplored Cantin area, where historical exploration and recent Geoscience BC Artificial-Intelligence (AI) work has indicated strong potential for porphyry-style mineralization known as the QUEST targets. A total of 835 soil samples have been collected at the Cantin, Sundberg, and Chiaz targets with a 100-metre sample spacing and sample lines 500 to 1,500 metres apart. Corporate Undertakings. Metalero announced a non-brokered private placement which will consist of up to 3,000,000 common shares (theShares) at a price of $0.15 per Share for total gross proceeds of $450,000. The Benson Project is strategically located in the Quesnel Trough, one of Canada's most important mineral belts. The Quesnel Trough is a Triassic/Jurassic-age belt of volcanosedimentary and intrusive rocks which hosts >360 alkalic copper-gold porphyry occurrences and deposits. The >1,500 km long Quesnel Trough runs through the middle of BC stretching from the US to the Yukon Territory. It hosts several types of gold deposits and numerous major mines which produce copper and gold as well as variable amounts of silver. High profile and long-lived mines in the Quesnel T roughly include Highland Valley, Mt Milligan, New Afton, and Kemess which are complemented by recent exploration work including Woodjam, MPD, Kwanika, and the extensive staking by Australian mining giant, the Fortescue Group. The Benson Project lies close to infrastructure and is traversed by Highway 26 and a vast network of logging roads allowing for ready access to all parts of the Property and capital-efficient exploration. The large land package covers 5 different target areas illuminated by recent Artificial-Intelligence ("AI") work by Geoscience BC (Mitchinson et al., Geoscience BC Report 2022-07). This AI study incorporated a wide variety of historical datasets including geophysics, geology, sampling information, and drilling data (where present) to identify high potential ("porphyry-like") anomalies with similarities to known porphyry deposits elsewhere in the belt. Even the limited historical exploration at Benson has identified numerous gold and copper surface geochemical anomalies while modest, historical drill programs have intersected skarn and epithermal gold and silver mineralization, which are both intrusive-related styles of mineralization and are commonly associated with porphyry systems. Annuncio • Feb 13
Metalero Mining Corp. announced that it expects to receive CAD 0.45 million in funding Metalero Mining Corp announced a non-brokered private placement to issue 3,000,000 common shares at an issue price of CAD 0.15 for the proceeds of CAD 450,000 on February 12, 2026. The Offering is subject to regulatory approval, including that of the TSX Venture Exchange. All securities issued will be subject to a statutory hold period of four months and one day from the date of issuance. Annuncio • Sep 26
Metalero Mining Corp. announced that it expects to receive CAD 0.3 million in funding Metalero Mining Corp. announced a non-brokered private placement of 1,250,000 flow-through units at a price of CAD 0.24 for gross proceeds of CAD 300,000 on September 25, 2025. Each FT unit will consist of one flow-through common share and one flow-through common share purchase warrant. Each warrant will entitle the holder to purchase one additional FT share at a price of CAD 0.40 for one year from the date of issuance. The offering is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. The securities issued will have a hold period of four months and one day from the closing of the offering. Annuncio • Aug 26
Metalero Mining Corp. announced that it has received CAD 0.919501 million in funding On August 25, 2025, Metalero Mining Corp. closed the transaction. The company announced that it has issued 7,662,509 units at a price of CAD 0.12 per unit for gross proceeds of CAD 919,501.08. Each unit consists of one common share and one share purchase warrant. Each warrant is exercisable for a period of two years from the date of issuance, and entitles the holder to purchase one additional common share at an exercise price of CAD 0.25 per share for the first year and at an exercise of CAD 0.35 per share for the second year. In connection with the sale of the units sold, The company paid a total of CAD 25,862 in cash and issued 215,520 finders' warrants, on the same terms as the warrants, to eligible finders for certain of the units sold. All securities issued pursuant to the offering are subject to a statutory hold period of four months and one day, in accordance with applicable securities laws. Certain insiders participated in the offering, acquiring a total of 2,019,583 units. The transaction is oversubscribed. Annuncio • Jul 20
Metalero Mining Corp. announced that it expects to receive CAD 0.6 million in funding Metalero Mining Corp. announces a non-brokered private placement to issue 5,000,000 units at a price of CAD 0.12 per unit for gross proceeds of CAD 600,000 on July 18, 2025. Each unit comprising one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at a price of CAD 0.25 for the first year from the date of issuance, and CAD 0.35 for the second year. The private placement is subject to regulatory approval, including that of the TSX Venture Exchange. All securities issued will be subject to a statutory hold period of four months and one day from the date of issuance. New Risk • Apr 03
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$197k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$197k free cash flow). Shares are highly illiquid. Negative equity (-CA$441k). Earnings have declined by 13% per year over the past 5 years. Shareholders have been substantially diluted in the past year (115% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.04m market cap, or US$1.45m). Annuncio • Feb 17
Metalero Mining Corp., Annual General Meeting, Apr 22, 2025 Metalero Mining Corp., Annual General Meeting, Apr 22, 2025. Annuncio • Jan 20
Metalero Mining Corp. (TSXV:MLO) signed a letter of intent to acquire 166 km2 Benson Project for CAD 0.40 million. Metalero Mining Corp. (TSXV:MLO) signed a letter of intent to acquire 166 km2 Benson Project for CAD 0.40 million on January 17, 2025. A cash consideration of CAD 0.1 million will be paid by Metalero Mining Corp. Additionally, Metalero Mining will issue 2,000,000 Metalero shares in predetermined installments to the vendor. Completion of the transaction is subject to customary conditions and any other conditions agreed to by the parties in a definitive share purchase agreement including receipt of all necessary approvals and consents on terms satisfactory to the parties, and completion of a due diligence investigation by the Metalero Mining and its representatives. Annuncio • Nov 06
Metalero Mining Corp. announced that it has received CAD 1.1445 million in funding On November 5, 2024, Metalero Mining Corp. closed the transaction. The company announced that it has issued 1,273,331 shares at an issue price of CAD 0.15 per share for the gross proceeds of CAD 190,999.65 in second and final tranche. All shares issued are subject to a hold period until March 5, 2025. No finders' fees were paid in connection with the second closing of the offering. Pursuant to the first and second closings of the offering, a private company controlled by RobertL'Heureux, acquired 485,333 shares in total. New Risk • Sep 27
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 95% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-CA$574k). Earnings have declined by 38% per year over the past 5 years. Shareholders have been substantially diluted in the past year (95% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.67m market cap, or US$1.24m). Board Change • May 07
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Director John Williamson was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 05
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Director John Williamson was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 30
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Director John Williamson was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 22
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Director John Williamson was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 28
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Director John Williamson was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 22
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Director John Williamson was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Aug 08
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Director John Williamson was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Feb 04
Cortus Metals Inc., Annual General Meeting, Apr 04, 2023 Cortus Metals Inc., Annual General Meeting, Apr 04, 2023. Annuncio • Jan 24
Cortus Metals Inc. announced that it expects to receive CAD 2 million in funding Cortus Metals Inc. announced a non-brokered private placement of up to 200,000,000 shares at a price of CAD 0.01 per share to raise gross proceeds of up to CAD 2,000,000 on January 23, 2023. The terms of the transaction are subject to the acceptance of the TSX Venture Exchange. The company may pay finder’s fees in connection with the transaction to qualifying arm’s length finders, in accordance with the policies of the TSX Venture Exchange. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Director John Williamson was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Sep 23
Cortus Metals Inc. announced that it expects to receive CAD 1.902 million in funding Cortus Metals Inc. announced a non-brokered private placement of 63,400,000 units at a price of CAD 0.03 per unit to raise gross proceeds of CAD 1,902,000 on September 21, 2022. Each unit will consist of one common share and one common share purchase warrant. The financing is open to all existing investors. Each whole warrant will entitle the holder to purchase one additional common share of the company at an exercise price of CAD 0.05 per share for a period of five years from the date or dates of closing of the transaction. The securities issued may be subject to a four-month hold period from their closing date. The terms of the transaction are subject to the acceptance of the TSX Venture Exchange. The company may pay finders’ fees of cash, common shares or warrants, or a combination thereof, to eligible finders with respect to any portion of the transaction that is not subscribed for by existing shareholders. Board Change • Sep 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Director John Williamson was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Director John Williamson was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Mar 29
Cortus Metals Inc. Provides Update on Its Project Portfolio Featuring 17 Highly Prospective Cortus Metals Inc. provided an update on its project portfolio featuring 17 highly prospective and road accessible gold exploration targets located in the prolific north-central region of Nevada, USA, a perennially top-ranked mining jurisdiction whose economy and infrastructure are driven by mining. These targets are under shallow alluvial cover where mountain ranges transition to valley floors (the "pediment"). They are available for joint ventures to drill with the goal of making multiple significant new discoveries near existing mines and known deposits, ultimately delivering assets to producers who are expected to be making acquisitions within 2 to 5 years to replace depleted reserves. Nevada has produced more than 200 million ounces of gold over the past 200 years*, almost entirely from the well-exposed and well-explored rocks of mountain ranges. Similar production potential is untapped between the mountain ranges in the virtually unexplored basins of Nevada, where Cortus is focused. Its portfolio of projects ranges from grassroots with a detailed exploration field program plan in place, to drill-ready with permits and bonds in progress. The Company selects projects based on expert analysis and interpretation of tectonic settings, structural controls and hydrothermal activity within the Great Basin. Cortus has diligently evaluated projects, secured mineral tenure, compiled and organized data, and conducted extensive field work programs including (1) extensive soil geochemical surveying using the latest analytical methods designed specifically for detecting anomalies through cover, (2) gravimetric surveys to define structure and estimate depths to bedrock for drill targeting, (3) detailed ground magnetic surveys to evaluate structural and lithological controls on mineralization, and (4) bedrock, structural, and alteration mapping to define epithermal and Carlin-type gold targets. Stage one of exploration involves analyzing the structural setting, regional gravity and magnetic data, and research of all projects and producing mines nearby. Preliminary mapping and applying the proprietary methodology are used to assess the property potential, land packages are then staked, and a detailed exploration plan is developed for each project. Cortus currently holds eight projects at stage one of exploration: Stage two of exploration involves the collection and analysis of rock and soil geochemistry, detailed geological mapping, and geophysics, including detailed ground magnetic surveys and, where necessary, gravity surveys to define drill targets. Cortus currently holds six projects at stage two of exploration. Annuncio • Sep 01
Cortus Metals Inc. Announces Field Work Results Including Soil and Rock-Grab Sampling Programs and Ground Magnetic Survey at the Goldrun Project in Humbolt County, Nevada, USA Cortus Metals Inc. announced field work results including soil and rock-grab sampling programs and a ground magnetic survey at the Goldrun project in Humbolt County, Nevada, USA. Key prospective areas of the project were tested, with 178 soil samples being collected at 60m spacing. Samples were analyzed using the Ionic Leach method, a proven technique for detecting buried precious metal mineralization. Multi-element analysis revealed anomalous zones of gold as well as important pathfinder element anomalies such as arsenic, antimony, mercury and copper. Additionally, 17 rock-grab samples were collected with peak assay values of >4,000 ppb gold and >29,000 ppb silver in sulphide rich-quartz veins. A high-resolution ground magnetic survey totaling 18.5 km2 was also completed, covering the majority of the Goldrun project and indicating a potential NE-trending intrusion that could be spatially related to a gold-copper deposit similar to Nevada Gold Mine's Phoenix deposits. Coincident geochemical and geophysical anomalies indicate several prospective target zones within the Goldrun project. Annuncio • Aug 28
Cortus Metals Inc. announced that it expects to receive CAD 1 million in funding Cortus Metals Inc. announced a private placement of up to 6,666,666 units at a price of CAD 0.15 per unit for aggregate gross proceeds of up to CAD 1,000,000 on August 27, 2021. Each unit will comprise one common share and one half of one share purchase warrant. Each whole warrant will entitle the holder to acquire an additional common share at a price of CAD 0.25 per share for a period of 12 months. The warrants will be subject to an accelerated expiry provision such that if the closing price of the company's common shares is equal to or greater than CAD 0.30 for a period of five consecutive trading days, the company may, by notice to the warrant holder reduce the remaining exercise period applicable to the warrants to not less than 30 days from the date of such notice. The transaction may include participation from directors and officers of the company. Finder's fees may be paid to registered dealers or other qualified parties in connection with the transaction on terms to be determined. The completion of the transaction remains subject to the approval of the TSX Venture Exchange. The company reserves the right to increase the number of units issued pursuant to the transaction to up to 10,000,000 units for up to total gross proceeds of CAD 1,500,000. Annuncio • Aug 25
Cortus Defines High Priority Drill Targets at its Powerline Project Along Strike from the Spring Valley Deposit in Nevada Cortus Metals Inc. to announced the combined results of recently completed, property-wide (>1,800 hectares) geochemical and gravimetric surveys at the Powerline project in Pershing County, Nevada, USA. Soil samples were collected systematically at 120 m spacing with 300 m line spacing over the entirety of the project. Ionic leach processing, a highly effective method for detecting geochemical elements in soils over alluvial cover, was used to analyze 61 elements in 505 soil samples, indicating anomalous gold zones and key gold pathfinder elements, including antimony, arsenic, silver and mercury. Rock chip samples yielded up to 84 ppb gold and 6490 ppb silver. The gravity data indicate shallow alluvial cover over bedrock along the property's western boundary, and identify achievable drill target locations. Annuncio • Aug 18
Cortus Metals Inc. Defines Extensive Zones of Anomalous Gold and Carlin-Type Pathfinder Elements At Roberts Creek, Nevada Cortus Metals Inc. announced the geochemical results of an Ionic Leach soil survey at its 100% owned Roberts Creek project in Eureka County, Nevada, USA. The 23 line-kilometer survey added 201 samples collected at 120 m intervals with 300 m line spacing to extend the existing soil sample grid to a collective total of 558 samples covering the entire property. The combined results have outlined several extensive zones anomalous in gold and Carlin-type pathfinder elements. An anomalous gold zone coincides with projected fault structures, emphasizing the relationship between the Gold Bar deposits and Roberts Creek Project. Sample preparation was completed at the Elko, Nevada at the ALS Global facility then sent for analysis in Vancouver, British Columbia the ALS Global facility. Samples were prepared by disaggregating with a rubber hammer then a non-bias 50g nominal soil sample was collected from entire field sample, no drying or screening used in this process. The Ionic Leach method was used to analyze samples for 61 elements. This procedure is defined by static sodium cyanide leach using ammonium chloride, citric acid and EDTA with the leachant buffered to an alkaline ph of 8.5. Soil samples were taken systematically at 120m sample spacing and 300m line spacing covering the entirety of the project and a secure chain of custody procedure was maintained in storing and transporting samples. Annuncio • Aug 12
Cortus Identifies Gold and Pathfinder Mineralization, Structures and Stratigraphy at its Grayson Property in Nevada That Are Analogous to the Nearby Relief Canyon Mine Cortus Metals Inc. announced fieldwork results on its Grayson Project in Pershing County, Nevada. Geological and structural mapping have identified a zone of extensive veining, silicification, and jasperoid outcrop coincident with newly discovered thrust faulting and a linear array of historical mine workings. This highly prospective new zone is projected to extend beneath shallow alluvial and volcanic cover, indicating significant potential for the discovery of epithermal gold mineralization. Cortus CEO, Sean Mager commented, “Grayson is one of the properties in company portfolio. The emerging scale of this project and its proximity to producing mines and known deposits with analogous structure and mineralization demonstrate the potential for a making significant discovery in the underexplored basins of Nevada. Grayson is a 7,600-hectare claim package of alluvial/volcanic pediment close to numerous past and presently producing mines, including Relief Canyon Mine, Coeur-Rochester Mine and Spring Valley Canyon Mine, Grayson features stratigraphic and structural controls similar to mineralization at the Relief Canyon Mine, which is 26 km northwest and reported a measured-indicated-inferred gold resource of 834,200 ounces in 2018, Grayson is within the Luning-Fencemaker thrust fault system, well-known for strong hydrothermal activity, which was key in forming the Relief Canyon, Goldbanks and other deposits, Mapping of thrust faults at Grayson revealed links with structures hosting known gold occurrences as well as antimony and mercury anomalies, important pathfinder mineralization, Measurements from recent structural mapping indicate the projection of bedrock below shallow cover at Grayson, indicating achievable drill depths to verify mineralization. Annuncio • Jun 25
Cortus Metals Inc. (TSXV:CRTS) completed the acquisition of Intermont Resources LLC. Cortus Metals Inc. (TSXV:CRTS) agreed to acquire Intermont Resources LLC for $0.62 million on May 11, 2021. The consideration includes the issuance of 5 million common shares of Cortus Metals Inc. Under the terms of the Option Agreement, the Cortus Metals will also grant to the members of Intermont a 2% net smelter return royalty on each of the properties owned by Intermont, subject to a buyback right in favor of Cortus Metals whereby Cortus Metals may acquire one half, being 1%, of any Royalty at any time prior day 180 days following the earlier of (i) a production decision on the property being made or (ii) commencement of commercial production for payment of $1.5 million which payment may be made in cash or through the issuance of Cortus Metals common shares at a deemed value equivalent to 20 day VWAP up until 60 days following the buyback deadline. Additionally, Cortus Metals intends to raise aggregate gross proceeds of $0.6 million through the issuance up to 4 million units at a price of $0.15 per Unit. Cortus Metals raised $1.28 million in private placement to fund this transaction. The transaction is subject to the approval of the TSX Venture Exchange.
Cortus Metals Inc. (TSXV:CRTS) completed the acquisition of Intermont Resources LLC on June 24, 2021. Additionally, Cortus Metals granted to the members, a 2% net smelter return royalty on each of the mineral properties of Intermont. Cortus Metals also completed the proposed settlement of an aggregate of $288,700.15 in debt, which included the settlement of $188,700.15 in short-term debts of Intermont, through the issuance of an aggregate of 1,928,668 units at a deemed issue price of $0.15 per unit. The securities issued to the members for the acquisition of Intermont and in relation to the debt settlement bear resale restrictions lapsing on October 23, 2021. Annuncio • Jun 18
Cortus Metals Inc. announced that it has received CAD 1.2751 million in funding On June 17, 2021, Cortus Metals Inc. (TSXV:CRTS) closed the transaction. The company has issued 8,500,666 units for a gross proceeds of CAD 1,275,099.9. The transaction included participation from Chief Executive Officer Sean Mager for 500,000 units for aggregate holdings to 3.05%. The company has paid CAD 49,458.48 in cash and issued 309,723 in finders' warrants in the transaction. All the securities issued in the transaction are subject to a hold period of four-month expiring, October 15, 2021. Annuncio • Mar 04
Cortus Metals Inc. Reports Results of Its 380 Line-Km High-Resolution Ground Magnetics Survey Covering the 2,590-Hectare Red Rock Project Area Cortus Metals Inc. reported the results of its 380 line-km high-resolution ground magnetics survey covering the 2,590-hectare Red Rock project area. The property is located within the prolific Carlin Trend of northeastern Nevada, approximately 15 km southeast along-trend from Gold Standard's Pinion and Dark Star gold deposits, which are part of their Railroad-Pinion Project. A structural corridor trending >10km northwest under shallow alluvial cover was delineated by the ground magnetics survey, which has been interpreted as an along-strike extension of the structural trends hosting the Pinion and Dark Star deposits. A large northwest-trending break in the ground magnetics survey indicates a previously unmapped structural corridor beneath shallow alluvial cover; Situated on-trend with the Dark Star and Pinion deposits, which host reserves of 883,000 oz Au and 364,000 oz Au respectively, and measured and indicated resources of 921,000 oz Au and 544,000 oz Au respectively; Important stratigraphic positions controlling mineralization at the Dark Star and Pinion deposits are considered to be drill-accessible under shallow cover at Red Rock; Igneous rocks of Eocene age identified adjacent to the interpreted structural corridor are known to be important iron sources for the sulfidation reactions necessary to precipitate gold Jasperoid float is present within the project area, an important vector for gold in the region; Carbonate rock units indicated beneath shallow cover are excellent geochemical traps; A gravity geophysical survey and a soil sampling program are planned; Drill targets will be developed from gold-in-soil anomalies; The Red Rock Project is available for acquisition, option or joint venture. Annuncio • Feb 26
Cortus Metals Inc. Generates High Priority Drill Targets at Roberts Creek Along Strike from Mcewan's Gold Bar Mine in Nevada Cortus Metals Inc. announced the results of fieldwork completed over the entirety of its Roberts Creek Project, including high-resolution ground magnetic, gravity, and soil sampling surveys to identify potential Carlin-type alteration and gold mineralization where structural and stratigraphic controls with favorable orientations are projected to extend beneath shallow alluvium. Project Highlights: Roberts Creek Project comprises 1,300 hectares (ha) in the highly prospective Gold Bar district of the Battle Mountain-Eureka Trend in Northeastern Nevada. The Project is along-strike from McEwan's Gold Bar Mine, who's Feasibility Study reported Measured & Indicated Mineral Resources of 493,700 oz Au, Inferred Mineral Resources of 52,100 oz Au, and Proven and Probable Reserves of 304,200 oz Au on February 22, 2021. High-resolution ground magnetic survey indicates that structural and stratigraphic controls on mineralization continue beneath alluvium cover onto the Roberts Creek property. The intersection of inferred structural and stratigraphic boundaries is coincident with a gold-in-soil anomaly measuring 2,000 x 500 metres that remains open to the east and southeast. Gravity survey identified near-surface bedrock beneath alluvium cover, verifying achievable drill depths to test potential structural and stratigraphic controls on mineralization. The Roberts Creek Project is at the drill-ready stage within our targeting matrix and available for acquisition, option or joint venture. Sample preparation and analysis was completed at the Elko, Nevada at the ALS Global facility. Samples were prepared by disaggregating with a rubber hammer then a non-bias 50g nominal soil sample was collected from entire field sample, no drying or screening used in this process. The Ionic Leach method was used to analyze samples for 61 elements. This procedure is defined by static sodium cyanide leach using ammonium chloride, citric acid and EDTA with the leachant buffered to an alkaline ph of 8.5. Soil samples were taken systematically at 120m sample spacing and 300m line spacing coving the entirety of the project and a secure chain of custody procedure was maintained in storing and transporting samples.