MNRL Signs Letter of Intent to Acquire More than Half of Salar De Turi Project
Monumental Minerals Corp. (TSX.V: MNRL) has announced its intention to acquire 50.01% of the Salar de Turi Project from Lithium Chile, Inc. Located in the prolific Lithium Triangle – which spans Chile, Argentina, and Bolivia – the project is made up of 31 exploration concessions totalling 8.5K hectares.
MNRL and Lithium Chile are developing a strong relationship that, according to MNRL CEO Jamil Sader, is growing into a “joint effort to advance high-value salars towards lithium brine resources. The Salar de Turi Project represents a great opportunity, with highly compelling geophysics and geochemistry, excellent infrastructure, and year-round access.”
Survey Defines Potential Buried Copper Porphyry at AGL’s Cora Copper Project
The completion of a high-res magnetic and radiometric survey at Aguila Copper’s 100%-owned Cora Copper Project brings encouraging news. The survey results have defined a discrete magnetic low target with copper porphyry potential.
Mark Saxon, President & CEO of Aguila commented, “The airborne geophysical survey has proven to be very successful in mapping the geology under shallow cover at Cora. […] We are looking forward to testing this zone further by drilling during the upcoming field season.”
FLYN Signs Letter of Agreement to Acquire Nevada Vanadium Mining Corp.
Exciting news from Flying Nickel Mining Corp.: The company has proposed – via a non-binding letter of intent – its intention to acquire 100% of Nevada Vanadium’s issued and outstanding common shares.
Flying Nickel CEO John Lee commented on the prospective detail, saying, “The Gibellini Vanadium project is an ideal complement to Flying Nickel’s Minago Nickel project. […] We believe the combined company will have a one-of-a-kind mineral resource base and a dominant presence in the battery metals mining space.”
NSC Announces First Results from Drilling at Belmont Project
The first drill core assays are in from Nevada Silver Corp.’s recent drill testing of six priority targets at its 100%-owned Belmont Silver Project in Nevada, USA. The results included an intersection of 440 g/t silver and 0.99% lead and high-grade silver in a wide interval from 26.76-30.82 meters.
NSC CEO Gary Lewis commented, “This is a very encouraging result -– the top few samples of the very first drill core to test the Belmont Silver Mining Camp for more than 100 years has intersected a near-surface zone of high-grade silver.”
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