Brightstar Resources (BTR:AU) has announced RIU Conference Presentation
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White Cliff Minerals Limited (“WCN” or the “Company”) (ASX: WCN; OTCQB: WCMLF) is pleased to announce further assay results from the reverse circulation drilling campaign at the Company’s 100% owned Rae Copper Project in Nunavut, Canada.
- Further assay results confirm and validate the strategy to explore previously untested high-grade zones and vertical depth extension of mineralisation at Danvers
- Highlights from DAN25008:
- 175m @ 2.5% Cu & 8.66g/t silver (Ag) from 7.6m, including 14m @ 7.55% Cu & 25.8g/t Ag from 138m
- the last 60m of the hole averaged 3.9% Cu & 14.96g/t Ag to final depth of 182.88m
- hole ended in mineralisation with the last 1.5m sample recording 4.46% Cu & 11.58g/t Ag, open at depth
- DAN25001 returned 52m @ 1.16% Cu & 3.43g/t Ag from surface, including 7.6m at 3% Cu & 9.5g/t Ag from 18.28m
- Drilling demonstrates potential for significant expansion to historic non-compliant resource. With the initial objectives of Danvers drilling achieved, to begin to understand the significance of this discovery, new drilling data will feed into a maiden JORC compliant mineral resource
- Mineralisation remains open in all directions. Follow up diamond drilling now being planned to drill out the mineralisation boundaries at Danvers and begin testing of the massive sedimentary structure at Hulk
- The next five (5) assays along strike from DAN25008 are due in the coming weeks
“DAN25008 was prioritised for assay due to the abundance of visual sulphides observed during drilling, and these results have underpinned our confidence in those visuals prevalent in the Company’s prior work. We believe this drill hole ranks among the most significant copper intersections globally within the last 50 years and comfortably sits within the top 10 globally reported “grade-metre” copper results.
This discovery and outstanding results from Danvers is a clear testament to our technical team’s expertise and geological understanding, in particular the professionalism and persistence of Olga Solovieva and Sam Vaughan.
Our improved geological understanding of the Danvers area indicates a mineralised system that extends from surface over more than 175m vertically and potentially 7km in strike length – both to the northeast and southwest, providing scope for further high-impact intercepts from upcoming drilling. With our work updating the geological understanding at Danvers, we adapted our drill targets and DAN25008 resulted in mineralisation at least 30 metres below historical limits, with the hole terminating in high-grade copper mineralisation – suggesting considerable additional potential at depth. The increase in grade toward the bottom of the hole is encouraging and is validation of our methodology.
To illustrate the magnitude of this result, the DAN25001 intercept of 52m at 1.2% Cu – a strong result in its own right – now appears modest when viewed alongside the 175m @ 2.5% Cu from DAN25008. In the context of global copper supply constraints, the Company is well positioned to leverage these results with mineralisation from surface, supporting potential open pit mining activities and an open water port less than 80km from the deposit.
Troy Whittaker – Managing Director
FURTHER INFORMATION
Drillhole DAN25008 is an important step in the development of the Danvers copper deposit. An intercept of 175.26m at 2.5% copper is an outstanding result illustrating the continuous mineralisation which commences just below surface at 7.62m downhole. The final 30m of DAN25008 which averages 2.37% Cu and 10.51g/t Ag exists below the trace of historic drilling, effectively extending the known high-grade mineralisation.
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Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY) (‘Riverside’ or the ‘Company’), is pleased to announce that further to its press release dated September 6, 2024, Riverside’s wholly-owned subsidiary, RRM Exploracion, S.A.P.I. DE C.V. (the ‘Vendor’) has entered into a definitive option agreement (the ‘Option Agreement’) with Questcorp Mining Inc. (‘Questcorp’) dated May 5, 2025, for the 2,520.2 hectare La Union carbonate replacement gold- polymetallic project (the ‘Project’ or ‘La Union’) located in Sonora, Mexico (the ‘Transaction’).
‘We are thrilled to finalize this agreement for the La Union Project, which is a strong asset in Riverside’s portfolio. Securing up to C$5,500,000 in exploration funding from Questcorp is an excellent step forward in advancing this larger Carbonate Replacement Deposit (‘CRD‘) project,’ said John-Mark Staude, CEO of Riverside Resources. ‘Riverside is pleased to have the updated NI 43-101 Technical Report completed and we see an active exploration program launching in the coming weeks with Riverside as the Operator of the exploration program. Riverside is expected to become a shareholder of Questcorp with an initial 9.9% equity interest, subject to final approval by the Canadian Securities Exchange or confirmation that such approval is not required. The first-year work program of C$1,000,000 in exploration expenditures will launch the first round of exploration at the project.’
The La Union Project
The Project is summarized on the Riverside website and is a project that Riverside acquired and further consolidated additional inlier mineral claims. The Project initially identified from Riverside’s work in the western Sonora gold belt through work with AngloGold Ashanti Limited, Centerra Gold Inc., and Hochshild Mining Plc, among others as partners and funding relationships for gold exploration. Initial work by members of the Riverside team, drawing on more than two decades of geological compilation and analysis, identified this region as highly prospective. At the Project, historical mining by the Penoles Mining Company focused on chimney and manto replacement bodies within the upper oxide zones. As a result, the underlying sulfide zones present immediate drill targets for further exploration.
Riverside has spent the past five years consolidating this highly prospective land package, which totals over 22 square kilometers. The Project features favorable limestone host rocks, an extensive alteration footprint, and multiple small-scale historical workings, providing more than eight drill-ready target areas. Key immediate targets include the central Union Mine and the nearby Famosa Mine. With drive-up access, private ranch surface rights, and strong geologic similarities to other major CRDs in Arizona and eastern Mexico, La Union is well positioned for near-term exploration success targeting both oxide and deeper sulfide mineralization.
The Option Agreement
In accordance with the terms of the Transaction, Questcorp can acquire a one-hundred percent (100%) interest in the Project in consideration for completion of a series of cash payments totaling $100,000 CAD, making staged issuances of common shares of Questcorp totaling 19.9%, and incurring $5,500,000 CAD of exploration expenditures on the Project as outlined immediately below:
| Deadline | Cash Payment | Share Issuance | Exploration Expenditures |
| Within two (2) business days of the date of the Option Agreement | $25,000 | N/A | N/A |
| On the Effective Date(1) | N/A | 9.9%(2) | N/A |
| On or before the first anniversary of the Effective Date | N/A | 14.9%(2)(3) | $1,000,000 |
| On or before the second anniversary of the Effective Date | $25,000 | 19.9%(2)(3) | $1,250,000 |
| On or before the third anniversary of the Effective Date | $25,000 | 19.9%(2)(3) | $1,500,000 |
| On or before the fourth anniversary of the Effective Date | $25,000 | 19.9%(2)(3) | $1,750,000 |
| Total | $100,000 | 19.9%(2)(3) | $5,500,000 |
Notes:
|
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During the term of the Option Agreement, Riverside, through the Vendor, will remain the program operator for the Project using its local team based in Hermosillo, Sonora. Following exercise of the option under the Option Agreement, Questcorp will grant Riverside a two-and-one half percent (2.5%) net smelter return royalty on commercial production from the Project.
Figure 1. Geologic map with the tenure of the Union internal concession shown in pink. Manto and chimney type CRD targets are shown as red polygons. Riverside now controls all mineral tenures on this map.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6101/250896_df59d6431499eba6_002full.jpg
Figure 2. Cross section looking west with proposed drill sites and drillhole traces. Assays from Riverside’s sampling of rock dump materials from the two mine areas are labeled in black. Red areas are interpreted as manto and chimney target bodies that are now well defined and drill ready. Assays shown on figures 1 and 2 have been previously released and disclosed as summarized below the geochemical QA/QC.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6101/250896_df59d6431499eba6_003full.jpg
Qualified Person & QA/QC:
The scientific and technical data contained in this news release pertaining to the Project was reviewed and approved by Freeman Smith, P.Geo, VP Exploration, a non-independent qualified person to Riverside Resources Inc., who is responsible for ensuring that the information provided in this news release is accurate and who acts as a ‘qualified person’ under National Instrument 43-101 Standards of Disclosure for Mineral Projects.
Rock samples from previous exploration programs discussed above at the Project were taken to the Bureau Veritas Laboratories in Hermosillo, Mexico for fire assaying for gold. The rejects remained with Bureau Veritas in Mexico while the pulps were transported to Bureau Veritas laboratory in Vancouver, BC, Canada for 45 element ICP/ES-MS analysis using 4-acid digestion methods. A QA/QC program was implemented as part of the sampling procedures for the exploration program. Standards were randomly inserted into the sample stream prior to being sent to the laboratory.
About Riverside Resources Inc.:
Riverside is a well-funded exploration company driven by value generation and discovery. The Company has over $4M in cash, no debt and less than 75M shares outstanding with a strong portfolio of gold-silver and copper assets and royalties in North America. Riverside has extensive experience and knowledge operating in Mexico and Canada and leverages its large database to generate a portfolio of prospective mineral properties. Riverside has properties available for option, with information available on the Company’s website at www.rivres.com.
ON BEHALF OF Riverside Resources Inc.
‘John-Mark Staude’
Dr. John-Mark Staude, President & CEO
For additional information contact:
| John-Mark Staude President, CEO Riverside Resources Inc. info@rivres.com Phone: (778) 327-6671 Fax: (778) 327-6675 Web: www.rivres.com |
Eric Negraeff Corporate Communications Riverside Resources Inc. Eric@rivres.com Phone: (778) 327-6671 TF: (877) RIV-RES1 Web: www.rivres.com |
Certain statements in this press release may be considered forward-looking information. These statements can be identified by the use of forward-looking terminology (e.g., ‘expect’,’ estimates’, ‘intends’, ‘anticipates’, ‘believes’, ‘plans’). Such information involves known and unknown risks — including the risk that the Transaction will not be completed as contemplates, or at all, availability of funds, the results of financing and exploration activities, the interpretation of exploration results and other geological data, or unanticipated costs and expenses and other risks identified by Riverside in its public securities filings that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/250896
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Brightstar Resources (BTR:AU) has announced High grade gold results continue from Sandstone Gold Project
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Description
The securities of White Cliff Minerals Limited (‘WCN’) will be placed in trading halt at the request of WCN, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Wednesday, 7 May 2025 or when the announcement is released to the market.
Issued by
ASX Compliance
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C29 Metals (C29:AU) has announced C29 Signs Binding HOA to Drive Growth
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Hazer Group Ltd (‘Hazer’ or ‘the Company’) (ASX: HZR) is pleased to announce it has entered into a binding Alliance Agreement (the “Alliance”) with Kellogg Brown and Root LLC (NYSE: KBR, “KBR”) a global leader in technology and engineering solutions, for the commercial deployment and licensing of Hazer’s proprietary methane pyrolysis technology.
Highlights
- Binding strategic alliance with KBR (NYSE: KBR), a world-leading engineering group and global technology licensor set to supercharge Hazer’s commercialisation strategy
- Hazer is KBR’s exclusive partner for marketing and licensing of methane pyrolysis technology
- Clear revenue visibility targeting multiple license deals within 6 years, materially derisking Hazer’s business plan
- Capital-lite licensing model maintained; KBR A$3million work program contribution preserves Hazer’s robust funding position
- Strengthens Hazer’s market penetration into high-growth market segments of ammonia and methanol, and regions including North America and Middle East
- CEO Glenn Corrie and other members of the management team will be hosting a webinar on Wednesday, 07 May 2025 at 09:00am (AWST) / 11:00am (AEST). Details provided below
KBR – A Global Leader in Technology Licensing
KBR is a world-renowned engineering and technology company delivering engineering and cutting-edge technology licensing solutions to companies and governments across energy, chemicals, infrastructure and defence. KBR has licensed over 260 grassroots ammonia plants since 1943. Over 50% of the world’s ammonia is produced using KBR’s ammonia process.
KBR also brings a strong track record in commercialising breakthrough industrial technologies. Notable partnerships include ExxonMobil for next-generation catalyst development, and Mura Technology (including a US$100 million strategic investment) to scale its proprietary plastic recycling solution world-wide.
Under the Alliance, KBR will be Hazer’s exclusive global partner for the marketing, licensing and deployment of Hazer technology to customers in the ammonia and methanol markets. KBR and Hazer will also work closely to pursue licensing opportunities in decarbonizing hydrogen markets beyond these exclusive markets.
KBR’s President Sustainable Technology Solutions, Jay Ibrahim, said:“KBR’s proven global expertise in deploying sustainable technology solutions complements Hazer’s leading methane pyrolysis technology, making us ideal partners. Our market assessment and due diligence have highlighted Hazer’s potential to decarbonize the global ammonia and methanol sectors. We are excited to partner with Hazer to provide a compelling low- carbon hydrogen production solution to meet growing global demand.’
Hazer’s CEO and Managing Director, Glenn Corrie, said:“We are excited to be joining forces with KBR to commercialise Hazer’s world-leading clean hydrogen technology on the global stage. This is a transformational transaction for Hazer coming at a critical time when the world urgently needs affordable, low-emissions hydrogen to decarbonise legacy hard-to-abate industries. Building on the momentum of our successful Commercial Demonstration Plant and technology test program, which laid the foundations of commercialisation last year, this partnership represents a strong endorsement and the next logical step in delivering on our strategic roadmap and unlocking long-term value for shareholders.
KBR has the scale, capability and reputation to help accelerate the deployment of Hazer’s technology at industrial scale. We see immediate potential in the ammonia and methanol sectors – industries with significant CO2 footprints and strong demand for clean alternatives. KBR’s market leadership, global reach and execution strength make them an ideal partner to bring our vision to life.”
Strategic Alliance to Commercialise Hazer’s Leading Methane Pyrolysis Technology
Under the Alliance, Hazer and KBR will collaborate on the up-scaling, marketing and licensing of the Hazer technology for commercial deployment.
Under the terms of the agreement, KBR will be Hazer’s exclusive licensing partner for the ammonia and methanol markets while working closely in other hydrogen sectors. The initial term of the Alliance is six (6) years with an option to extend subject to the achievement of performance metrics. The parties have agreed to collaborate on the development of a design package for Hazer facilities targeting hydrogen capacities of 50,000+ tonne per annum as well as the global sales, marketing and licensing of Hazer’s technology. Hazer will be KBR’s exclusive methane pyrolysis technology provider.
The total cost of the Alliance work program is anticipated to be in the range A$3.0-5.0 million of which KBR will contribute approximately A$3.0 million over the work program period. The Alliance is underpinned by performance objectives with a target of securing multiple firm licensing opportunities during the initial term.
In respect of royalty and licensing fee sharing, the Company will keep the market informed as license arrangements are signed. Hazer’s pre-existing portfolio and opportunity pipeline is not subject to the terms of the Alliance. An incentive structure applies in the event KBR secures a license for the first commercial unit secured within three years. There is no financial impact at this stage as no client agreements are in place.
In other terms, the agreement can terminate if licensing performance metrics are not met. Hazer retains full ownership of its existing intellectual property. The agreement otherwise contains terms customary for an arrangement of this kind.
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Virtual Investor Conferences, the leading proprietary investor conference series announced the agenda for the Metals & Mining Virtual Investor Conference held May 6-8 th .
Individual investors, institutional investors, advisors, and analysts are invited to attend.
REGISTER HERE
It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. There is no cost to log-in, attend live presentations, or schedule 1×1 meetings with management.
‘We are excited to welcome a full roster of over 20 OTCQX and OTCQB companies to our 3-day Metals and Mining Virtual Investor Conference,’ said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. ‘Our platform is tailored to meet the needs of today’s resource companies as they look to engage a broader investor base.’
May 6th
| Eastern Time (ET) |
Presentation | Ticker(s) |
| 9:30 AM ET | Northern Superior Resources Inc. | (OTCQB: NSUPF | TSXV: SUP) |
| 10:00 AM ET | Luca Mining Corp. | (OTCQX: LUCMF | TSXV: LUCA) |
| 10:30 AM ET | Castile Resources Limited | (OTCQB: CLRSF | ASX: CST) |
| 11:00 AM ET | Sun Summit Minerals Corp. | (OTCQB: SMREF | TSXV: SMN) |
| 11:30 AM ET | Amex Exploration Inc. | (OTCQX: AMXEF | TSXV: AMX) |
| 12:00 PM ET | Ucore Rare Metals, Inc. | (OTCQX: UURAF | TSXV: UCU) |
| 12:30 PM ET | Kootenay Silver Inc. | (OTCQX: KOOYF | TSXV: KTN) |
| 1:00 PM ET | Camino Minerals Corp. | (Pink: CAMZF | TSXV: COR) |
| 2:00 PM ET | Precipitate Gold Corp. | (OTCQB: PREIF | TSXV: PRG) |
| 3:00 PM ET | Callinex Mines Ltd. | (OTXQX: CLLXF | TSXV: CNX) |
May 7th
| Eastern Time (ET) |
Presentation | Ticker(s) |
| 9:30 AM ET | Canada Nickel Company Inc. | (OTCQX: CNIKF| TSXV: CNC) |
| 10:30 AM ET | Anfield Energy Inc. | (OTCQB: ANLDF | TSXV: AEC) |
| 11:00 AM ET | Newcore Gold Ltd. | (OTCQX: NCAUF | TSXV: NCAU) |
| 11:30 AM ET | Empire Metals Ltd. | (OTCQB: EPMLF | AIM: EEE) |
| 12:30 PM ET | Cerrado Gold Inc. | (OTCQX: CRDOF | TSXV: CERT) |
| 1:00 PM ET | Silver Tiger Metals Inc. | (OTCQX: SLVTF | TSXV: SLVR) |
| 1:30 PM ET | Horizon Copper Corp. | (OTCQX: HNCUF | TSXV: HCU) |
| 2:00 PM ET | Kodiak Copper Corp. | (OTCQB: KDKCF | TSXV: KDK ) |
| 2:30 PM ET | Rua Gold Inc. | (OTCQB: NZAUF | TSXV: RUA) |
| 3:00 PM ET | DynaResource, Inc. | (OTCQX: DYNR) |
May 8 th
| Eastern Time (ET) |
Presentation | Ticker(s) |
| 9:30 AM ET | Novo Resources Corp. | (OTCQB: NSRPF | TSX: NVO) |
| 10:00 AM ET | Ecora Resources PLC | (OTCQX: ECRAF | TSX: ECOR) |
| 10:30 AM ET | Power Metallic Mines Inc. | (OTCQB: PNPNF | TSXV: PNPN) |
To facilitate investor relations scheduling and to view a complete calendar of Virtual Investor Conferences, please visit www.virtualinvestorconferences.com .
About Virtual Investor Conferences ®
Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.
Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.
Media Contact:
OTC Markets Group Inc. +1 (212) 896-4428, media@otcmarkets.com
Virtual Investor Conferences Contact:
John M. Viglotti
SVP Corporate Services, Investor Access
OTC Markets Group
(212) 220-2221
johnv@otcmarkets.com
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