Welcome to our dedicated page for King Copper Discovery news (Ticker: TBXXF), a resource for investors and traders seeking the latest updates and insights on King Copper Discovery stock.
King Copper Discovery Corp. (TBXXF), listed on the TSX Venture Exchange as KCP, regularly issues news releases detailing its progress as a South America–focused mineral exploration company. The company’s updates emphasize its flagship Colquemayo copper-gold-silver project in southern Peru and related technical, corporate and financing developments.
Readers of this news feed can follow announcements on exploration activities at Colquemayo, including re-logging of historic drill core, geological modelling, target generation and the design of new drill programs. The company also reports on permitting and environmental work, such as baseline studies and preparation of the Declaración de Impacto Ambiental (DIA), as well as access and collaboration agreements with local communities like Palcamayo and Amata.
King Copper’s news also covers corporate actions, including its transition from the Turmalina Metals name to King Copper Discovery Corp., symbol changes on the TSXV, and non-brokered private placement financings. These releases outline how proceeds are intended to support exploration at Colquemayo and general working capital, and may describe participation by insiders or strategic investors.
Investors can additionally track management and board changes, such as the appointment of senior technical consultants with extensive Latin American exploration experience and directors with backgrounds in mining finance and governance. For anyone monitoring TBXXF or KCP, this page brings together the company’s official news flow on project milestones, technical team developments and capital markets activity in one place.
Turmalina Metals Corp. (TBX-TSXV, TBXXF-OTCQX, 3RI-FSE) has provided an update on its recently announced option to acquire 100% of the Colquemayo Project in Peru. The project is an epithermal and porphyry copper-silver-gold exploration property in Moquegua Province, Southern Peru, spanning 6,600 hectares. Historic drill results include impressive intersections such as 237.3 m at 2.4% Cu, 0.08 g/t Au & 10 g/t Ag.
The company is undertaking initial permitting steps, community meetings, and data review. Exploration will focus on validating geology, determining breccia body geometry, and interpreting geophysical data. Turmalina aims to explore areas outside the three known hydrothermal alteration centers, which may represent less eroded parts of epithermal systems with potential for new discoveries.
Turmalina Metals Corp. has entered into a Mineral Property Option Agreement with Compania De Minas Buenaventura and Aurora Copper Peru. The agreement grants Turmalina the option to acquire 100% interest in the Colquemayo Project, an epithermal and porphyry copper-gold-silver exploration project in Southern Peru.
Historical drilling results at Colquemayo have shown significant copper, gold, and silver intercepts, including 237.3 meters at 2.4% Cu, 0.08 g/t Au & 10 g/t Ag.
The project covers 6,600 hectares and includes several high-potential targets for further exploration. Turmalina will pay $1.56M in cash and incur $6.2M in exploration expenditures over four years to exercise the option.
The company plans to advance the project through systematic exploration and aims to define resources and evaluate the project's economic potential.
Turmalina Metals Corp. continues expanding mineralization in the epithermal vein camp at the San Francisco project in Argentina. They have mobilized heavy equipment to prepare drilling platforms and access roads to explore new vein systems like Veta Blanca, Veta 21, and Mosquete. The company is advancing seven vein systems within a recognized epithermal gold belt, with high-grade gold discoveries similar to nearby mines like Casposo. The exploration team has been successful in identifying new mineralized targets and extending the known epithermal vein systems, showcasing the project's potential.
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Turmalina Metals Corp. (TBXXF) has announced an aggressive exploration strategy for 2023 at its Chanape and San Francisco projects located in Peru and Argentina, respectively. Results from prior drilling show high-grade mineralization, notably at Chanape with up to 48.05 m of 3.80% CuEq. In San Francisco, the land position expanded to 40,340 ha, with seven new priority targets identified. A drilling program is set to commence in late March at San Francisco, targeting new high-priority areas, while Chanape awaits permit approvals for further drilling. The Company is also granting stock options and has entered marketing agreements to enhance investor exposure.
Turmalina Metals Corp. (TBXXF) announced the final results from its 2022 diamond drilling program at the Chanape project in Peru. The drilling program, totaling 2,257 m, intersected extensive gold-silver-copper mineralization across multiple breccia targets. Highlights include significant intercepts from CHT-DDH-043, with 49.05m @ 1.14 g/t Au and 30.63m @ 0.54 g/t Au from CHT-DDH-044. CEO James Rogers expressed enthusiasm for the high-grade results that will inform further drilling in 2023.
Turmalina Metals Corp. (TBXXF) announced promising drilling results from its Chanape project in Peru, revealing extensive gold-silver-copper mineralization. Notable findings include 48.05m @ 1.67% Cu, 0.9 g/t Au, and 178 g/t Ag from drill hole CHT-DDH-041. The drill program has totaled 2,257.7m, with results pending for the last two holes. The project shows potential for high-grade mineralization with multiple breccia pipes identified. Drilling will resume after the rainy season, which lasts until the end of March.