Welcome to our dedicated page for Arcwest Expl news (Ticker: SJRNF), a resource for investors and traders seeking the latest updates and insights on Arcwest Expl stock.
Arcwest Expl (SJRNF) specializes in porphyry copper-gold exploration through its innovative project generator model. This news hub provides investors with comprehensive updates on partner-funded drilling programs, strategic joint ventures, and technical developments across British Columbia's mining districts.
Access verified information about SJRNF's exploration activities, including geophysical survey results, earn-in agreements, and resource evaluation progress. Our curated news collection covers essential updates on 100% owned projects, partnership milestones, and geological discoveries while maintaining strict compliance with financial disclosure standards.
Key focus areas include copper-molybdenum target development, low-dilution financing strategies, and systematic exploration methodologies. Bookmark this page for real-time updates on SJRNF's progress in identifying economically viable mineral deposits through advanced exploration techniques and industry collaborations.
ArcWest Exploration (TSXV: AWX) has reported results from its first phase drill program at the Rip copper-molybdenum project in central British Columbia. The program, funded by Copper Quest Exploration, confirmed a Cu-Mo mineralized porphyry system at the North target.
Key findings include drill hole RP24-001 intersecting 24.6m of 0.13% Cu and 109ppm Mo. The drilling program consisted of two holes totaling 1,033 metres, revealing multiple phases of porphyritic intrusions with potassic to phyllic alteration and multistage veining.
The North target has been partially defined as a 600m wide subvertical cylindrical mineralized zone. While most assays showed only anomalous Cu-Mo levels, the presence of intense quartz-sericite-pyrite alteration and strongly developed vein sets indicates a significant porphyry system. The majority of geophysical targets, including the entire South target, remain untested.
As of March 13, 2025, ArcWest maintains a strong financial position with $2.73 million in treasury and approximately $185,000 in marketable securities.
ArcWest Exploration has signed an option agreement to acquire 100% interest in the Lemare Copper-Gold Project, a 3,274-hectare property in northern Vancouver Island, British Columbia. The project is located within the Jurassic Bonanza Group volcanic arc, approximately 30 km south of BHP's past-producing Island Copper mine.
The property features multiple copper-gold-molybdenum occurrences across a 5x3 km area, with historical sampling revealing high-grade copper mineralization up to 5.96% Cu. The project includes nine MINFILE occurrences and extensive hydrothermal alteration zones. ArcWest can earn full ownership through staged payments totaling $195,000 over five years, with a minimum expenditure requirement of $100,000 in the first year.
The company currently has $2.53 million in treasury and expects additional option payments totaling $325,000.
ArcWest Exploration (TSXV: AWX) has completed its 2024 porphyry copper exploration programs across multiple projects. Partner-funded drilling was completed at the Rip porphyry Cu-Mo project and Oweegee Dome porphyry Cu-Au-Mo project. At Todd Creek, funded by Freeport-McMoRan, mapping/sampling revealed new copper showings and expanded the hydrothermal-magmatic system footprint. The company maintains a strong financial position with $2.5 million in treasury and anticipates additional option payments totaling $325,000. Notable discoveries include high-grade Cu-Au occurrences at Todd Creek, with samples returning up to 262 g/t Au and 2.46% Cu.
ArcWest Exploration Inc. (TSXV: AWX) has announced partner-funded drilling programs for two of its porphyry copper-gold-molybdenum projects in 2024. Drilling has begun at the Oweegee Dome project, funded by Sanatana Resources, located near Newmont's Brucejack gold mine. The Rip project is scheduled for drilling in late summer/fall, funded by Interra Copper. Additionally, mapping and sampling will continue at the Todd Creek project, funded by Freeport-McMoRan, to prepare for a significant drill program in 2025.
ArcWest reports a strong financial position with $2.55 million in cash, zero warrants, and low burn rate. The company anticipates $325,000 in option payments and $120,000 in operatorship fees. With a current market cap of $9 million, ArcWest presents multiple opportunities for copper-gold discoveries in 2024.
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