New Risk • Apr 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 25% per year over the past 5 years. Shareholders have been substantially diluted in the past year (46% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (CA$22.9m market cap, or US$16.7m). Recent Insider Transactions • Mar 01
President & Director recently bought CA$103k worth of stock On the 27th of February, Thomas Schmidt bought around 475k shares on-market at roughly CA$0.22 per share. This transaction amounted to 4.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Thomas has been a buyer over the last 12 months, purchasing a net total of CA$137k worth in shares. Duyuru • Feb 14
Tribeca Resources Corporation Provides Update on Field Activities in Chile Tribeca Resources Corporation reported that fieldwork is progressing at the Jiguata porphyry copper exploration project (the "Jiguata Property"). This is running in parallel with preparations to commence drilling on the Chirsposo Sur target (the "Chirsposo Sur Target") at the La Higuera project (the "La Higuera IOCG Project"). Highlights: Pre-drilling exploration activities are partially completed at the Jiguata Property, with data and results now pending. Preparations are being undertaken for Phase 3 drilling at the cornerstone La Higuera IOCG Project, following the signing of an access agreement over the Chirsposo Sur Target area. Torrey Hills Capital has been engaged to provide market awareness and investor relations services. Stock options granted to Global Ore Discovery Pty Ltd. ("GlobalOre"), which is advising on exploration work at the Jiguata property, or to an entity controlled by the principals of GlobalOre. Information coming in from the geological mapping and preliminary satellite data interpretation confirms the presence of multiple large alteration systems, importantly with a variety of alteration assemblages commonly associated with high sulphidation epithermal environments. Duyuru • Nov 14
Tribeca Resources Corporation, Annual General Meeting, Jan 09, 2026 Tribeca Resources Corporation, Annual General Meeting, Jan 09, 2026. Location: british columbia, vancouver Canada New Risk • Nov 06
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 46% 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 Earnings have declined by 29% per year over the past 5 years. Shareholders have been substantially diluted in the past year (46% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (19% average weekly change). Market cap is less than US$100m (CA$20.0m market cap, or US$14.1m). Duyuru • Oct 24
Tribeca Resources Corporation announced that it has received CAD 6.489668 million in funding On October 23, 2025, Tribeca Resources Corporation closed the transaction. The company issued 30,903,183 Units at a price of CAD 0.21 per Unit for aggregate gross proceeds of CAD 6,489,668.43. Each Unit comprises one common share of the Company and one-half of one common share purchase warrant. Each Warrant is exercisable by the holder thereof to acquire one additional Share (each, a “Warrant Share”, and together with the Units, Shares and Warrants, the “Securities") at an exercise price of CAD 0.30 if exercised within the first 12 months following the Closing Date and CAD 0.40 if exercised within the subsequent 12month period, for a total exercise period of 24 months from the Closing Date; provided that: (i) the Warrants shall not be exercisable within the initial 60-day period following the Closing Date, and (ii) the Company will have the right to accelerate the expiry of the Warrants in the event the Shares trade on the TSX Venture Exchange (the “TSXV”) (or any such other stock exchange in Canada as the Shares may trade at the applicable time) at a volume weighted average trading price ("VWAP") of CAD 0.50 or more per Share for a ten (10) consecutive trading day period. In connection with the Offering, the Company paid an aggregate of approximately CAD 248,694 and issued finder’s warrants to acquire up to an aggregate of 1,184,257 Shares as finder's fees to certain eligible finders in consideration for introducing certain purchasers to the Company. Each Finder’s Warrant entitles the holder to acquire one Share at a price of CAD 0.21 per Share for a period of twenty-four months. The Finder’s Warrants, and Shares issuable upon exercise of the Finder’s Warrants, are subject to a statutory four-month hold period pursuant to applicable Canadian securities laws. The Offering remains subject to the final approval of the TSXV. Duyuru • Oct 08
Tribeca Resources Corporation announced that it expects to receive CAD 5 million in funding Tribeca Resources Corp announced a non-brokered private placement of up to 23,809,523 units of the company at a price of CAD 0.21 per unit for aggregate gross proceeds of up to CAD 4,999,999.83 on October 7, 2025. The offering is subject to a minimum aggregate subscription amount of CAD 2,000,0000. Each unit will comprise one common share and one-half of one common share purchase warrant. Each warrant will be exercisable by the holder thereof to acquire one additional share at an exercise price of CAD 0.30 if exercised within the first 12 months following the closing date and CAD 0.40 if exercised within the subsequent 12-month period, for a total exercise period of 24 months from the closing date, provided that: (i) the warrants shall not be exercisable within the initial 60-day period following the closing date; and (ii) the company will have the right to accelerate the expiry of the warrants in the event the shares trade on the TSX Venture Exchange (or any such other stock exchange in Canada as the shares may trade at the applicable time) at a volume-weighted average trading price (VWAP) of CAD 0.50 or more per share for a 10-consecutive-trading-day period. The securities issued under the offering will not be subject to a hold period in accordance with applicable Canadian securities laws. In connection with the offering, the company may, at its sole discretion, pay finders' fees consisting of: (i) shares or cash in an amount equal to up to 6% of the gross proceeds raised in respect of the offering from subscribers introduced by such finders to the company; and (ii) finder warrants in an amount equal to up to 6% of the number of shares issued pursuant to this offering from subscribers introduced by such finders to the company in accordance with applicable securities laws and the policies of the TSX-V. The closing of the offering is expected to occur on or about October 29, 2025. The closing of the offering is subject to certain closing conditions, including the approval of the TSX-V. New Risk • Sep 26
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.6m (US$9.78m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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$2.3m free cash flow). Earnings have declined by 29% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$13.6m market cap, or US$9.78m). Board Change • Jan 03
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Derrick Weyrauch was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Nov 26
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$3.2m 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$3.2m free cash flow). Earnings have declined by 51% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (6.9% increase in shares outstanding). Market cap is less than US$100m (CA$22.0m market cap, or US$15.6m). Duyuru • Oct 08
Tribeca Resources Corporation, Annual General Meeting, Dec 04, 2024 Tribeca Resources Corporation, Annual General Meeting, Dec 04, 2024. Location: british columbia, vancouver Canada Duyuru • Aug 10
Tribeca Resources Corporation announced that it has received CAD 1.285 million in funding On August 9, 2024, Tribeca Resources Corporation closed the transaction. The company announced that it has issued 732,090 common shares at an issue price of CAD 0.30 per Common Share for the gross proceeds of CAD 219,627 in second and final tranche. No finder’s fees were paid in connection with the Final Tranche of the Private Placement. In connection with closing of the first tranche, the Company paid CAD 7,500 to Tamesis Partners LLP and CAD 7,200 to Leede Jones Gable Inc. in consideration for introducing certain subscribers to the Private Placement. All securities issued pursuant to the Private Placement are subject to a statutory hold period of four months and one day. Closing of the Private Placement is subject to receipt of all necessary regulatory approvals and final acceptance of the TSX Venture Exchange. Duyuru • Jun 15
Tribeca Resources Corporation announced that it expects to receive CAD 2 million in funding Tribeca Resources Corporation announced a non-brokered private placement of up to 6,666,667 common shares at a price of CAD 0.3 per share for the gross proceeds of CAD 2,000,000 on June 13, 2024. In connection with the private placement, the company will pay a finder's fee comprised of 6 per cent in cash or shares to eligible finders in accordance with applicable securities laws and the policies of the TSX Venture Exchange. Closing of the private placement is expected to occur on or about July 3, 2024, and is subject to customary closing conditions, including receipt of all regulatory approvals, including the approval of the TSX-V. All securities issued pursuant to the private placement, including the shares issued in consideration for services rendered in connection with introducing the company to investors, will be subject to a statutory hold period of four months and one day. New Risk • Jan 17
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$12.4m (US$9.20m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (CA$12.4m market cap, or US$9.20m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). Duyuru • Dec 17
Tribeca Resources Corporation Announces Board Changes Tribeca Resources Corporation appointed Derrick Weyrauch as a director of the Company, effective December 12, 2023 Mr. Weyrauch is a CPA CA and an experienced mining executive and corporate director. His experience includes finance, M&A, risk management, corporate restructuring and turnarounds. He currently holds, and has previously held, directorships and executive management roles with a number of public companies spanning exploration, development and operating mining companies. Mr. Weyrauch is currently the CEO & Director of Palladium One Mining Inc. and is a non- executive director of Nortec Minerals Corp. Mr. Weyrauch is a co-founder and former director of Magna Mining Corp. and is a former corporate director of a number of companies including Cabral Gold Inc, Eco Oro Minerals Corp., Jaguar Mining Inc. and Banro Corp. He is also former CFO of Jaguar Mining Inc. and Andina Minerals Inc. Mr. Weyrauch obtained his CPA CA designation with KPMG LLP and is a member of CPA Canada and the Institute of Corporate Directors. He holds an Honours B.A. in Economics from York University. Lisa Riley and Tara Gilfillan did not stand for election. The Company wishes to thank each of them for their contributions as board members. Duyuru • Dec 13
Tribeca Resources Corporation Announces Results from the First Diamond Hole of the Phase 2 Drilling Program At La Higuera Project in the Coastal Iron Oxide Copper- Gold Belt of Northern Chile Tribeca Resources Corporation announced results from the first diamond hole of the Phase 2 drilling program at the company's La Higuera Project ("the Project") in the Coastal Iron Oxide Copper- Gold (IOCG) Belt of northern Chile. Drill hole GBY008 intersected a thick interval of copper-gold mineralization from the base of shallow gravel cover. Drill hole GBY008 was a 50m step-back from the previously reported GBY001 and has confirmed the significant thickness of mineralization and provided important constraints for the geological model. In particular, the hole provided information on the potential geometry and distribution of the magnetite breccias that are the main hosts for the copper-gold mineralization. The assay results from the current and upcoming holes in this 10-hole program of approximately 4,000 metres are planned to be released progressively as they are received, with drilling expected to continue until February 2024. Drill hole GBY008 was designed as a 50m step-back from drill hole GBY001 on Section 4270N with the objective of testing the mineralised system to the east and providing constraints on the geometry of the mineralized breccias. The hole was terminated at 445.5m depth. The drill hole lifted more than expected and at depth is within 13m of GBY001. It intersected the same diorite body near the base of the hole as that seen in GBY001. As previously reported in results from drill hole GBY001, which intersected 268m @ 0.66% Cu and 0.14 g/t Au, the mineralization is dominated by veins and breccias comprising a magnetite-pyrite-chalcopyrite assemblage, commonly associated with combinations of quartz, actinolite, scapolite, albite, and epidote. The mineralized interval, from the base of cover at 50m to 274m downhole depth, appears to be terminated or offset by a fault at 272-274m, which needs further investigation. The orientation of this fault is not currently known, but it may be a steep fault with horizontal displacement. Magnetite breccias are present below this fault but are less well mineralised. Several late dikes (<5m thick) were also intersected, which crosscut the breccia but are weakly mineralized suggesting a late-mineralization timing. This thick mineralised interval intersected by GBY008 provides significant encouragement as drilling continues to expand theknown mineralized zone within this target. New Risk • Nov 07
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.7m (US$10.00m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (CA$13.7m market cap, or US$10.00m). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Duyuru • Oct 11
Tribeca Resources Corporation Recommences Drilling at its La Higuera Copper-Gold Project in Northern Chile Tribeca Resources Corporation announced that drilling has recommenced at the Company's La Higuera Project in the Coastal Iron Oxide Copper-Gold (IOCG) Belt of northern Chile. The goal of the planned Phase 2 4,000m diamond drilling program is to follow-up the positive results at the Gaby IOCG discovery from Tribeca's maiden drill program announced earlier in 2023. The planned 4,000m diamond drilling program, of approximately ten drillholes, will test the open northern extension of the previously intersected mineralization, as well as new IP and gravity geophysical targets on the flanks of the mineralized system defined to date. In addition, several holes will be drilled along-section from selected Phase 1 holes to better understand both the geometry and grade distribution of the mineralized system. The drill program has an expected duration of approximately four months, with results, depending on laboratory timelines, expected to be released progressively as they are received. The drill program comprises approximately 4,000m of drilling in 10 drill holes. The planned average depth of 400m is required in order to penetrate the gravel cover of 0-70m thickness, and drill across what is currently interpreted as a sub-vertical shear/fault-controlled body of approximately 130m width (260m downhole). The planned series of drill holes will: Provide step-outs to the interpreted northern extension of the 1km of known mineralized strike length drilled to date, with Phase 2 drilling extending a further 600m to the north. Test three new geophysical targets defined by IP chargeability, IP low-resistivity, or gravity anomalies, which are all located within 400m of the main Gaby trend. Add additional holes to three drill sections, drilled either up- or down-dip from previous intersections, with the objective of better understanding the geometry of the mineralized system. Drilling is expected to continue over approximately four months, initially using one drill rig, and with a second being mobilised when appropriate. Duyuru • Aug 19
Tribeca Resources Corporation, Annual General Meeting, Oct 18, 2023 Tribeca Resources Corporation, Annual General Meeting, Oct 18, 2023. Duyuru • Aug 15
Tribeca Resources Corporation announced that it has received CAD 3.309862 million in funding On August 14, 2023, Tribeca Resources Corporation, closed the transaction. The company raised CAD 503,488 in its second and final tranche closing. The company raised a total of CAD 3,309,863 in the transaction. Duyuru • Jul 12
Tribeca Resources Corporation announced that it expects to receive CAD 3 million in funding Tribeca Resources Corporation announced a non-brokered private placement to issue 9,090,909 units at a price of CAD 0.33 for the gross proceeds of CAD 2,999,999.97 on July 11, 2023. The transaction will include participation from a group of sophisticated European investors, including one existing shareholder and two new investors, totaling CAD 2,150,000. Each unit will comprise one common share and one-half common share purchase warrant of the company. Each warrant will entitle the holder thereof to purchase one additional common share at an exercise price of CAD 0.55 for a period of 24 months from the date of issuance of the warrant. In connection with the private placement, the company will pay a finder's fee comprising 6% in cash and 6% warrants to eligible finders, in accordance with applicable securities laws and the policies of the TSX Venture Exchange. The closing of the private placement is expected to occur on or about July, 14 2023, and is subject to customary closing conditions, including the receipt of all regulatory approvals, including the approval of the TSX-V. All securities issued pursuant to the private placement, including the common shares issued in consideration for services rendered in connection with introducing the company to investors, are subject to a four-month hold period. Board Change • Jun 14
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. 6 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Duyuru • May 18
Tribeca Resources Corporation Announces Final Drill Results from Its Recently Completed First Phase Exploration Program At the La Higuera Iocg Project in Northern Chile Tribeca Resources Corporation announced final drill results from its recently completed first phase exploration program at the La Higuera IOCG project in northern Chile. These results mark a significant additional milestone in the Company's pursuit of copper-gold systems in this well-endowed and infrastructure-rich district. Highlights: The Phase 1 drilling program concluded with hole CHS002, which intersected a substantial zone of copper mineralization. Over a length of 167 meters, the copper grade averaged 0.21%, including a section of 12 meters at 0.91% copper and 0.24 g/t gold, starting from a depth of 56 meters. A field campaign has been initiated to systematically develop additional drill targets. This campaign involves comprehensive geological mapping and soil sampling activities at the Benja and Don Baucha targets. The results from CHS002, combined with historic exploration data, confirm the presence of three distinct copper-gold mineralized shear zones within a zone measuring 700 meters in length by 400 meters in width at Chirsposo. The characteristics of the mineralization closely represent those from the previously reported Gaby discovery, as highlighted in Tribeca Resources' news releases from January to April 2023. Chirsposo drill results: The combination of historic RC-dominant drilling, trenching, soil sampling, and geophysical ground magnetic data has revealed the presence of a large IOCG alteration system at the Chirsposo project. This system spans approximately 700 meters by 400 meters and contains mineralization within several southeast-dipping shear zones. During the recent drill program, two diamond drill holes with RC pre-collars were completed at the Chirsposo target, totaling 524 meters. These holes were designed to test the interpreted geometry of the controlling shear zones and explore potential down-dip extensions of mineralization encountered in historic holes CAB0006 and CB-01 (which returned notable intervals including 82 meters at 0.35% Cu from 64 meters in CAB0006 and 54 meters at 0.38% Cu, 0.09 g/t Au, including 10 meters at 0.97% Cu, 0.20 g/t Au from 122 meters in CB-01). The first hole, CHS001, encountered 24 meters of gravel cover before intersecting diorite and porphyritic andesite with strong magnetite-scapolite- albite alteration. Pyrite-chalcopyrite mineralization was observed throughout much of the hole, with an average copper grade ranging between 0.1% and 0.2% in four intervals of 4-14 meters downhole thickness. The second hole, CHS002, encountered 4 meters of gravel cover before intersecting porphyritic andesite with strong magnetite-amphibole-scapolite alteration. This section exhibited more intense pyrite-chalcopyrite mineralization, with localized sulphide content reaching 15% in thin intervals. The rock was weathered to a depth of 52 meters. The hole intersected significant thicknesses of 0.2-0.3% Cu and one 12m interval of 0.91% Cu and 0.24 g/t Au. Importantly, this higher-grade interval may correlate with a similar interval of high-grade mineralization in CB-01 130m along strike to the southwest. Board Change • Mar 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. 6 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Duyuru • Jan 31
Tribeca Resources Corporation Reports Assay Results from the First Three Holes of the Drilling Program Under Way At Its La Higuera Iron Oxide Copper-Gold (Iocg) Project Tribeca Resources Corporation report assay results from the first three holes of the drilling program under way at its La Higuera iron oxide copper-gold (IOCG) project, located 40km north of La Serena, in the Coquimbo region of northern Chile. Hole GBY001 intersected 268m at 0.66% copper, 0.14g/t gold, including 90m at 1.02% copper, 0.23 g/t gold, from the base of gravel cover at 52m. Holes GBY002 and GBY003 (Table 1) intersected well-developed sulphide mineralization of a lower grade, albeit peripheral to the main trend. Four holes (GBY004 to GBY007) are being geologically processed and analysed, including two drilled as large step-out holes to the north. Results from these holes, together with two additional holes that remain to be drilled at the Chirsposo target 3km to the south, will be released in due course. All three holes reported here have intersected sulphide mineralization, with GBY001 returning assays that are of significantly higher grade than the best results reported in historic drilling (RCH-LH-07). The Gaby target is a NNW-trending zone, 3km to the northwest of the historic La Higuera mining center. Small copper workings and historic drilling indicates the presence of copper mineralization on small outcropping rises, which is interpreted to continue under thin gravel cover. Historic drilling at the Gaby target in 2005 stopped just north of the limit of the outcrop, where hole LH-RC-07 penetrated 31m vertical thickness of gravel cover before intersecting a thick section of IOCG-style mineralization. The mineralization returned an intersection of 285m @ 0.40% Cu, 0.08 g/t Au, 23.5% Fe and 259ppm Co from 100m. This information is documented in the NI 43-101 Technical Report filed by Tribeca Resources on SEDAR on 24 October 2022. The first hole drilled by Tribeca Resources at Gaby (GBY001), is a 100m step-out to the north of historic drilling (Figure 1) and intersected a thick zone of IOCG-style mineralization with an intersection of 268m @ 0.66% Cu, 0.14 g/t Au, 330ppm Co (0.74% CuEq) from 52m downhole depth, including 90m @ 1.02% Cu, 0.23g/t Au, 681ppm Co (1.20% CuEq) from 230m. The intersection comprised 58m of weathered rocks from 52m to 110m depth and 210m of sulphide mineralization from 110m to 320m. The sulphide mineralization continued beyond 320m to the end of hole at 376.8m, but was dominated by the iron sulphide pyrite, with lesser copper sulphide (chalcopyrite) present. Drill holes GBY002 and GBY003 were drilled peripheral to the main trend to test potential extensions to mineralization intersected in the historic drillhole RCH-LH-06 (36m @ 0.66% Cu, 0.14 g/t Au from 196m and 36m @ 0.46% Cu, 0.11 g/t Au from 264m) in the eastern section of the prospect. The holes intersected extensive sulphide mineralization, albeit containing thinner lower grade copper intersections compared to GBY001. Board Change • Dec 31
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. 6 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Duyuru • Nov 16
Tribeca Resources Corporation Commences Drilling At Its La Higuera Copper-Gold-Cobalt Project in Northern Chile Tribeca Resources Corporation announced that drilling has commenced at the Company's La Higuera Project in the Coastal Iron Oxide Copper-Gold (IOCG) Belt of northern Chile. The goal of the planned 2,800m combined reverse circulation (RC) and diamond drilling program is to test interpreted covered extensions to outcropping copper mineralization and historic drill intersections. The La Higuera IOCG Project comprises 4,047 hectares of granted mining and exploration licences and is located towards the southern end of the Chilean Coastal IOCG Belt in the Coquimbo Region of northern Chile. The project is hosted within Jurassic to Cretaceous age intrusive and volcanic rocks that form part of the Coastal Cordillera. The Project is located within, and adjacent to, the Atacama Fault System, a long-lived system of faults that extends for approximately 1,000 km in northern Chile and is associated with the major copper-gold deposits of the Coastal IOCG Belt. Prominent examples of these deposits include the Candelaria, Mantos Blancos, Dominga and Santo Domingo deposits The La Higuera IOCG Project was the subject of historic geophysical (ground magnetic and Induced Polarization/IP) and drilling work from 2000 to 2013 producing significant drill intersections including: - 285m @ 0.40% Cu, 0.08 g/t Au and 23.5% Fe from 100m (LH-RC-07) at the Gaby target, and - 82m @ 0.35% Cu and 19.2% Fe from 64m (CAB0006) at the Chirsposo target The drilling program will include approximately 2,800m of combined RC and diamond drilling, in an estimated 12 holes at the Gaby and Chirsposo targets. The approximate hole depths are proposed to be between 150m and 300m. The objective of the drilling program is to test for interpreted shallowly covered extensions to the known mineralization at both the Gaby and Chirsposo targets The extensions to mineralization are interpreted on the basis of IP geophysical data and the interpreted strike direction of mineralization based on outcrop mapping and correlations between the historic drillholes. The two targets are 3 km apart. Historic drilling at the Gaby target stopped at the northern limit of the outcrop, where hole LH-RC-07 provided the thickest significant copper intersection. The current drilling program will test up to 350m north and 60m up-dip of the intersection in LH-RC-07. At the Chirsposo target the drilling will test for mineralization around and along strike to the northeast from historic hole CAB0006. In addition to the drilling activities, the Company is currently undertaking a gravity survey program over parts of the La Higuera IOCG Project with the objective of mapping the distribution of the iron oxide alteration (magnetite and hematite) under extensive gravel cover in the district. The gravity data will complement the ground magnetic and induced polarization (IP) data in mapping the distribution of iron oxide alteration that is commonly associated with the IOCG style of copper-gold deposit. The gravity survey is being completed by Geodatos SAIC, a well-known geophysical consulting group in Chile, with stations on a 200m grid with infill down to 100m in selected areas. 