South Pacific Metals Announces Commencement of 2025 Gold-Copper Exploration Programs Following Successful Financing
South Pacific Metals Corp. (SPMEF) has announced the commencement of its 2025 exploration programs following a successful C$6.3 million financing. The company will conduct extensive exploration across its 3,100 square kilometre portfolio of four gold-copper projects in Papua New Guinea: May River, Osena, Anga, and Kili Teke.
The exploration activities will include systematic sampling, trenching, and drilling to expand the mineral potential of each property. The programs aim to build on existing geological data, confirm high-priority targets, and advance projects toward resource delineation.
Additionally, the company has engaged Danayi Capital Corp. to provide investor relations and digital marketing services for a fee of US$50,000 for one trial month, with an option to extend.
South Pacific Metals Corp. (SPMEF) ha annunciato l'inizio dei suoi programmi di esplorazione per il 2025 a seguito di un finanziamento di successo di C$6,3 milioni. L'azienda condurrà un'ampia esplorazione su un portafoglio di 3.100 chilometri quadrati di quattro progetti di oro-rame in Papua Nuova Guinea: May River, Osena, Anga e Kili Teke.
Le attività di esplorazione includeranno campionamenti sistematici, scavi e perforazioni per espandere il potenziale minerario di ciascuna proprietà. I programmi mirano a costruire su dati geologici esistenti, confermare obiettivi ad alta priorità e avanzare i progetti verso la delimitazione delle risorse.
Inoltre, l'azienda ha incaricato Danayi Capital Corp. di fornire servizi di relazioni con gli investitori e marketing digitale per una commissione di US$50.000 per un mese di prova, con opzione di estensione.
South Pacific Metals Corp. (SPMEF) ha anunciado el inicio de sus programas de exploración para 2025 tras un exitoso financiamiento de C$6,3 millones. La compañía llevará a cabo una extensa exploración en su cartera de 3.100 kilómetros cuadrados de cuatro proyectos de oro-cobre en Papúa Nueva Guinea: May River, Osena, Anga y Kili Teke.
Las actividades de exploración incluirán muestreo sistemático, trincheras y perforaciones para expandir el potencial mineral de cada propiedad. Los programas tienen como objetivo construir sobre los datos geológicos existentes, confirmar objetivos de alta prioridad y avanzar en los proyectos hacia la delimitación de recursos.
Además, la compañía ha contratado a Danayi Capital Corp. para proporcionar servicios de relaciones con inversionistas y marketing digital por una tarifa de US$50.000 por un mes de prueba, con opción de extensión.
South Pacific Metals Corp. (SPMEF)는 성공적인 C$6.3 백만 자금 조달에 따라 2025년 탐사 프로그램을 시작한다고 발표했습니다. 이 회사는 파푸아뉴기니의 네 개의 금-구리 프로젝트인 May River, Osena, Anga, Kili Teke에 걸쳐 3,100 평방 킬로미터의 포트폴리오에 대한 광범위한 탐사를 수행할 것입니다.
탐사 활동에는 각 자산의 광물 잠재력을 확장하기 위한 체계적인 샘플링, 도랑 파기 및 드릴링이 포함됩니다. 이 프로그램은 기존의 지질 데이터를 바탕으로 고우선 목표를 확인하고 자원 구분을 향해 프로젝트를 발전시키는 것을 목표로 합니다.
또한, 회사는 Danayi Capital Corp.를 고용하여 US$50,000의 비용으로 한 달간 투자자 관계 및 디지털 마케팅 서비스를 제공하도록 했으며, 연장 옵션이 있습니다.
South Pacific Metals Corp. (SPMEF) a annoncé le lancement de ses programmes d'exploration pour 2025 suite à un financement réussi de C$6,3 millions. L'entreprise réalisera une vaste exploration sur son portefeuille de 3.100 kilomètres carrés de quatre projets d'or-cuivre en Papouasie-Nouvelle-Guinée : May River, Osena, Anga et Kili Teke.
Les activités d'exploration comprendront des échantillonnages systématiques, des tranchées et des forages pour étendre le potentiel minéral de chaque propriété. Les programmes visent à s'appuyer sur les données géologiques existantes, à confirmer des cibles de haute priorité et à faire avancer les projets vers la délimitation des ressources.
De plus, l'entreprise a engagé Danayi Capital Corp. pour fournir des services de relations avec les investisseurs et de marketing numérique pour un montant de US$50.000 pour un mois d'essai, avec possibilité de prolongation.
South Pacific Metals Corp. (SPMEF) hat den Beginn ihrer Erkundungsprogramme für 2025 angekündigt, nachdem eine erfolgreiche C$6,3 Millionen Finanzierung abgeschlossen wurde. Das Unternehmen wird umfassende Erkundungen in seinem 3.100 Quadratkilometer großen Portfolio von vier Gold-Kupfer-Projekten in Papua-Neuguinea durchführen: May River, Osena, Anga und Kili Teke.
Die Erkundungsaktivitäten umfassen systematische Probenahme, Grabenarbeiten und Bohrungen, um das mineralische Potenzial jedes Grundstücks zu erweitern. Die Programme zielen darauf ab, auf bestehenden geologischen Daten aufzubauen, hochpriorisierte Ziele zu bestätigen und die Projekte in Richtung Ressourcendefinition voranzutreiben.
Zusätzlich hat das Unternehmen Danayi Capital Corp. beauftragt, für eine Gebühr von US$50.000 für einen Testmonat Investor Relations und digitale Marketingdienste bereitzustellen, mit der Option auf Verlängerung.
- Secured C$6.3 million in financing
- Controls large 3,100 km² portfolio of gold-copper projects
- Ready to commence extensive exploration programs across four properties
- Significant marketing expenses with US$50,000 monthly fee for IR services
Vancouver, British Columbia--(Newsfile Corp. - February 18, 2025) - South Pacific Metals Corp. (TSXV: SPMC) (OTCQB: SPMEF) (FSE: 6J00) ("SPMC" or the "Company") is pleased to announce that that following the successful closing of its recent C
Upcoming exploration activities at May River, Osena, Anga and Kili Teke Projects will include systematic sampling, trenching, and drilling to further define and expand the mineral potential of each property. These programs are designed to build on existing geological data, confirm high-priority targets, and plans to drill multiple targets and advance the projects toward potential resource delineation.
"We are excited and ready to move on the next phase of our exploration strategy with full financial backing," said Michael Murphy, Executive Chair of SPMC. "With this funding secured, we can now aggressively advance our projects. While we are continuing with surface exploration programs to identify additional targets, next steps will involve drilling select targets and focusing on high-potential areas confirmed last year. Drill programs have been designed to capitalize on known project mineralization and to test new high-priority zones."
Investor Relations
The Company also announces that, subject to the acceptance of the TSX Venture Exchange (the "TSX-V"), it has engaged Danayi Capital Corp. ("Danayi"), an arm's-length service provider, to provide certain investor relations and digital marketing services (the "Services") to the Company. Danayi is a marketing, advertising and public awareness firm based out of Vancouver, British Columbia, specializing in the mining and metals sector.
The Services are to be provided pursuant to a digital marketing agreement dated February 18, 2025 (the "Agreement") and will include digital media, marketing strategies, and advertising for a fee of US
Danayi has no current interest, directly or indirectly, in the Company nor its securities, and has no right or intent to acquire such an interest while the Services are being performed.
About South Pacific Metals Corp.
South Pacific Metals Corp is an emerging gold-copper exploration company operating in the heart of Papua New Guinea's proven gold and copper production corridors. With an expansive 3,100 km² land package and four transformative gold-copper projects contiguous with major producers K92 Mining, PanAust and neighbouring Barrick/Zijin, new leadership and experienced in-country teams are prioritizing thoughtful and rigorous technical programs focused on boots-on-the-ground exploration to prioritize discovery across its portfolio projects: Anga, Osena, Kili Teke and May River.
Immediately flanking K92's active drilling and gold producing operations to the northeast and southwest, SPMC's Anga and Osena Projects are located within the high-grade Kainantu Gold District – each having the potential to host similar-style lode-gold and porphyry copper-gold mineralization as that present within K92's tenements. Kili Teke is an advanced exploration project situated only 40 km from the world-class Porgera Gold Mine and hosts an existing Inferred Mineral Resource with multiple opportunities for expansion and further discovery. The May River Project is located adjacent to the world-renowned Frieda River copper-gold project, with historical drilling indicating potential for a significant, untapped-gold mineralized system. SPMC common shares are listed on the TSX Venture Exchange (TSXV: SPMC), the OTCQB Marketplace, and Frankfurt Stock Exchange (FSE: 6J00).
For further information please contact:
Michael Murphy, Executive Chair
South Pacific Metals Corp.
Tel: +1 604-428-6128
Email: info@southpacificmetals.ca
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Disclaimer and Forward-Looking Information
This news release contains certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact included herein, including without limitation, statements relating the future operations and activities of SPMC, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements in this news release relate to, among other things, statements in respect of the Company's upcoming exploration programs and purposes thereof, including the potential of defining and expanding mineral potential, and the receipt of regulatory approval of the Agreement with Danayi for the provision of the Services. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by SPMC, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, the ability to complete proposed exploration work, the results of exploration, continued availability of capital, changes in general economic, market and business conditions, and the ability of the Company to obtain regulatory approval of the Agreement with Danayi. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. SPMC does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/241400
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