Hudbay Minerals to Acquire Mason Resources

VANCOUVER and TORONTO, Oct. 31, 2018 /CNW/ - Mason Resources Corp. (TSX:MNR; OTCQB: MSSNF – "Mason") and Hudbay Minerals Inc. (TSX & NYSE: HBM – "Hudbay") are pleased to announce that they have entered into an arrangement agreement (the "Arrangement Agreement") pursuant to which Hudbay will acquire the remaining 86% of the issued and outstanding common shares of Mason that it does not already own (the "Arrangement"). All currency is stated in Canadian dollars, unless otherwise indicated.
Under the Arrangement, Mason shareholders will receive $0.40 in cash for each Mason common share they own. The Arrangement values Mason at $31 million, representing an attractive premium to recent Mason trading. The enterprise value to Hudbay, net of Mason's cash and Hudbay's current 14% ownership in Mason, is approximately US$15 million.
Read more: Mason Resources Corp ( MNR )

Osisko Metals Intersects Multiple High-Grade Zones From Step-Out Drilling at Key Anacon Main Zone, Bathurst

MONTREAL, Oct. 29, 2018  -- Osisko Metals Incorporated (the “Company” or “Osisko Metals”) (TSX-V: OM; FRANKFURT: OB5) is pleased to announce results from recent step-out drilling consisting of 15 holes at the Main Zone on its wholly owned Key Anacon project located in Bathurst, New Brunswick.
Drill hole KAMZ-18-10, a step-out drill hole 30 metres below the Main Zone deposit, intersected 8.30 metres grading 10.47% Zinc, 3.47% Lead, 0.03% Copper, and 92.0 g/t Silver. This new hole indicates that the high-grade Main Zone continues at depth and remains open (See Tables 1, 2, Main Zone Longitudinal Section and Cross Section and KAMZ-18-10 Reference section).
Read more: Osisko Metals ( OM )

Osisko Metals Intersects 20.48% Zinc+Lead Over 6.23 Metres at Pine Point

MONTREAL, Sept. 17, 2018  -- Osisko Metals Incorporated (the “Company” or “Osisko Metals”) (TSX-V: OM; FRANKFURT: OB51) is pleased to announce assay results from 7 near-surface drill holes completed in the East Mill Zone at the Pine Point Mining Camp (“PPMC”). Drill hole EM-18-PP-132 intersected 3.54% Zinc and 16.95% Lead over 6.23 metres and hole EM-18-PP-134 intersected 4.21% Zinc and 7.31% Lead over 5.62 metres.
Read more: Osisko Metals Incorporated ( OM )

Trilogy Metals announces South32 to fund US$10 Million 2018 Program and Budget for the Bornite Project

VANCOUVER, Dec. 14, 2017 -- Trilogy Metals Inc. (TSX, NYSE-MKT: TMQ) ("Trilogy" or "Trilogy Metals") is pleased to announce that South32Limited (ASX/JSE/LSE: S32) ("South32") has committed to fund the US$10 million 2018 program and budget for the Bornite Project. The funds, which represent the second tranche of US$10 million, maintains the Option Agreement (see below) in good standing, and will be transferred before January 31, 2018. The 2018 program will include in-fill and off-set drilling to better define and expand the high grade copper resources at Bornite. The 2018 Program was recently approved by the joint Trilogy-South32 Technical Committee.
Trilogy Metals recently completed the first US$10 million exploration drill program at Bornite that was funded by South32. The 2017 program had been previously approved by the joint Technical Committee and was focused on drilling the extensions of mineralization last drilled by the Company in 2013. Results of this year's exploration program at the Bornite Project were released by Trilogy Metals on September 18, 2017 (https://Trilogy PR Sep 18 2017) and December 4, 2017 (https://Trilogy PR Dec 4 2017). The 2017 drilling program doubled the size of the known mineralized footprint and continues to demonstrate that the high-grade Bornite copper resource system is open to further expansion.
Read more: Trilogy Metals Inc ( TMQ )

Callinex Intersects 18.7 Meters of 5.8% Zn Eq. at the Nash Creek Zinc Project

Highlights:  Drill hole NC17-245 intersected 18.7m of 5.8% Zn Eq. including a higher grade interval of 5.0m grading 8.9% Zn Eq.; and
NC17-245 was completed to test the theory that historic drilling intersected unreported mineralization due to inadequate sampling based on visual observations.
VANCOUVER, Sept. 12, 2017  - Callinex Mines Inc. (the "Company" or "Callinex") (TSX-V: CNX; OTCQX: CLLXF) is pleased to announce results from four drill holes completed at the Company's 100% owned Nash Creek Project located within the Bathurst Mining District of New Brunswick (See Figures 1 and 2). Hole NC17-245 was drilled approximately 20m from historic drill hole NC79-06 that had only one 1.3m sample taken which assayed 2.2% Zn and 0.4% Pb (See Figure 3). The drill hole was completed to test the theory that historic drilling may have intersected unidentified mineralization due to inadequate sampling based on visual observations (See Figure 4). Drill hole NC17-245 was collared into mineralization and the first 19 samples all intersected above 2.5% zinc equivalent mineralization ("Zn Eq.") resulting in an 18.7m intersection grading 5.8% Zn Eq. (4.6% Zn, 0.7% Pb and 23.1 g/t Ag) beginning at 10m depth including a higher grade interval of 5.0m of 8.9% Zn Eq. (7.2% Zn, 1.2% Pb and 31.4 g/t Ag) (See Table 1).
Read more: Callinex Mines Inc ( CNX )

Videos / Webinars

View all videos