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EMX Royalty Corp reported developments from a mineral royalty business built around acquiring royalties, generating mineral projects, optioning projects to exploration and mining partners, and retaining NSR interests. News included royalty acquisitions, development-stage copper exposure in Chile, option-payment and royalty retention events tied to Superior West in Arizona, and technical disclosure for mineral projects.
Corporate updates also covered operating and financial results, capital-structure disclosures, shareholder voting and governance matters. Following the completed court-approved arrangement in which Elemental Royalty Corporation acquired all issued and outstanding EMX common shares, coverage includes notices tied to changes in corporate structure and security status.
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Arizona Sonoran Copper Company has announced a maiden Inferred Mineral Resource Estimate for the Parks/Salyer porphyry copper deposit, revealing 143.6 million tons at 1.015% Cu, corresponding to 1.46 million tons of contained copper. The leachable resources amount to 2.46 billion pounds of 1.066% total soluble copper, while primary sulphide resources comprise 0.45 billion pounds at 0.804% total copper. Future studies are planned to integrate Cactus and Parks/Salyer, enhancing future resource assessments.
Arizona Sonoran Copper Company (ASCUF) reports new drilling results from its Parks/Salyer (P/S) exploration project, revealing extended mineralization by 1,000 ft onto the Bronco Creek land. The 14-hole program found significant grades, including ECP-084 with 531.4 ft at 1.10% total copper (TCu). A maiden inferred resource estimate is expected in Q4 2022. Assays for four holes are pending. This drilling activity is part of a broader strategy to enhance the multi-billion-pound Cactus copper project.
Arizona Sonoran Copper Company (ASCU) reported promising assay results from two drill holes at its Parks/Salyer Project (P/S Project). Drill hole ECP-045 revealed 595 ft of 1.29% copper total (CuT) and ECP-042 showed 86 ft of 2.26% CuT, indicating significant mineralization. The P/S Project's exploration target suggests potential for 1.0-2.35 billion lbs of contained copper. ASCU also leased additional land to expand its mineral resource scope. The company aims to declare maiden mineral resources later this year, enhancing the scalability of its operations.
Capella Minerals has staked an additional 96 km2 of exploration concessions near its Kjøli claim block, identifying 11 new high-grade copper-zinc targets through CARDS AI analysis. This brings the total to 24 high-grade targets, with several extending over 2 km. Historical copper grades from the Kjøli mine were reported at 2.9% Cu. The Kjøli project lies in a historically rich mining district in Norway, and Capella aims to advance these targets towards drilling.