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Europacific Metals Inc (TSXV:EUP) announced the filing of a Technical Report for the Barrancos Project in Portugal, assessing mineralization and geological history. Conducted by a qualified geological consulting group, the report highlights drilling results from the Aparis copper mine and Lírio prospect from 2021 to 2022. Significant findings include a drillhole yielding 12.2m at 1.18% Cu and multiple gold intersections at Lírio, with grades reaching 6.27 g/t Au. The company aims to explore these areas further in 2023. The report is accessible on SEDAR and the company's website.
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Goldplay Mining has exercised its put option to sell its 3.75% interest in the Golden Triangle properties back to Scottie Resources Corp for $900,000. This decision follows Goldplay's strategy to concentrate on its properties in Portugal, perceived to have higher exploration potential. Initially, Goldplay incurred $1,580,000 in flow-through exploration expenses to acquire this interest. The sale aims to free up cash for ongoing exploration and administrative expenses.
Goldplay Mining Inc. (TSXV:AUC, US/OTCQB:AUCCF) has signed an Option Agreement with Scottie Resources Corp. to acquire up to 3.75% interest in Scottie’s exploration properties in British Columbia's Golden Triangle. Goldplay is required to incur up to $1,500,000 in exploration expenses until December 31, 2022. The agreement includes provisions for a Put Right and Call Right for repurchasing interests. Goldplay holds significant gold and copper-gold projects in Canada and Portugal, providing potential for substantial mineral discoveries.
Goldplay Mining has announced a significant leadership change, splitting the roles of President and CEO to strengthen its management team. Effective July 1, 2022, Christopher Osterman was appointed as President, and Jose Mario Branco as Vice President of Exploration, both reporting to Catalin Kilofliski, the CEO. Osterman brings over 40 years of experience in mining, while Branco has 38 years in exploration. The company aims to leverage its European connections to advance resource projects in Portugal, maximizing opportunities in the evolving mining landscape.
Goldplay Mining has signed a Letter of Agreement with Cullinan Metals Corp regarding the Borba 2 projects in Portugal. Cullinan aims to acquire a 100% interest in the properties by making cash payments totaling $750,000 and issuing shares worth $3 million, along with incurring $1.5 million in exploration expenditures over four years. Goldplay retains a 1% net smelter royalty from any production. This deal signals Goldplay's strategy to focus on key assets while advancing other projects with external partnerships.
Goldplay Mining will exhibit at the 2022 Prospectors & Development Association of Canada Convention (PDAC) from June 13-15 at the Metro Toronto Convention Centre. The company invites shareholders and attendees to visit booth #3352 to discuss plans for 2022 and beyond with its senior team members from Portugal and BC. Goldplay Mining, listed on TSXV and OTCQB, holds large-scale gold and copper-gold projects in BC's Golden Triangle and southwestern BC, along with several brownfield projects in Portugal with near-term mining potential.
Goldplay Mining has signed a Letter of Agreement with Empresa de Desenvolvimento Mineiro SA for an exploration concession covering 137 square kilometers in the Iberian Pyrite Belt. The application was submitted on May 6, 2022, following the signing on April 7, 2022. In the proposed consortium, Goldplay will hold an 85% stake while EDM maintains a 15% interest with a free carried interest until Goldplay incurs €650,000 in exploration costs. The Property is believed to have significant potential for base and precious metals.