7 MAY, 2025 | VANCOUVER, BC
Tribeca Resources Corporation (TSXV: TRBC) (OTCQB: TRRCF) (“Tribeca Resources”, the “Company”) is pleased to report the completion of a maiden drill program at the Company’s previously undrilled Chiricuto Property (“Chiricuto”) in the Atacama region of northern Chile. Since acquiring an option to purchase a 100% interest in the property in March 2024, Tribeca systematically completed geological mapping, IP-MT geophysical surveying and soil sampling ahead of the now completed drill program.
The results from the drilling expand our understanding of the copper mineralization in the area. The intersection of copper-gold porphyry-style mineralization was unexpected and provides a new target style that has not previously been the focus of exploration in the area. Next steps will be determined once all drill results are received and integrated and the data from the property can be reviewed in the context of this new geological model.
Tribeca Resources CEO, Dr. Paul Gow commented:
“Drilling at Chiricuto has intersected a strong sulphide system associated with breccias and porphyry-style veins. Sulphide is present nearly all the way down the 456m of hole CHR001, and pleasingly with locally high gold values. We now await the assays from the final two holes of the program, which tested southern extensions of the IP/MT target into which hole CHR001 was drilled, to further refine our understanding of the property's mineralization potential."
The Chiricuto Property is a 570 hectare property located in the established Mantoverde district of the Chilean Coastal Belt, 15 km and 21 km from Capstone Copper Corporation’s Mantoverde mine and Santo Domingo development project, respectively. These two deposits combined host over 1.5Bt of copper-gold mineral resources (Figure 1). The Mantoverde mine produced 35,000 tonnes of copper cathode per in 2024, with a recently completed expansion to process sulphide ores set to increase total production in 2025 to between 97,000 tonnes and 112,000 tonnes of copper.
Tribeca completed a drilling program at Chiricuto that tested two key geophysical targets for copper-gold mineralization. The program comprised five drill holes for 1,586m, with hole depths ranging from 250m to 456m.
IP/MT Target: The first target is characterized by a significant 1.2km-long gradient array Induced Polarization (IP) chargeability anomaly in the northwest of the property (Figure 2). The northern end of the target has a magneto-telluric (MT) low-resistivity anomaly (<200 ohm-m) present from close-to-surface to +500m depth. This zone is coincident with strong gold anomalism in soil (to 0.127 g/t Au) and mapped chlorite-epidote and chlorite-silica alteration at surface.
The target was tested by three 400m-spaced drillholes (CHR001 – 456m, CHR004 – 323m, CHR005 – 250m). Assay results have been received from CHR001, with the best copper intervals provided in Table 1. CHR001 intersected significant porphyry-style veins and lesser stockwork associated with hydrothermal breccias within an andesite host rock intruded by diorite, monzonite and andesitic dikes (Figure 3a). The vein mineralogy is dominated by quartz or quartz-pyrite, locally with K-feldspar haloes. Actinolite-chlorite-silica alteration is strongly developed, and tourmaline is variably present in the hydrothermal breccias. Chalcopyrite is locally present both disseminated and in veins, commonly with carbonate (Figure 3c). The sulphide system is strong, with sulphide visible throughout much of the 456m in CHR001. Assay results indicate an average sulphide content of approximately 3.8% consistently distributed throughout the entire hole, albeit strongly pyrite-dominated. This strong sulphide system encountered in CHR001 is consistent with the MT low resistivity anomaly present in the 3D inversion in this area. Copper is present in much of the hole at levels of ~600ppm, with three zones of >0.1% Cu (Table 1). Molybdenum and cobalt are variably anomalous and not strongly correlated with copper or gold, but are locally anomalous with maximum individual 2m assay results of 96ppm Mo (from 8m) and 252ppm Co (from 44m), indicating potential for a multi-element mineralization system. Strong iron oxide alteration is not common in CHR001, with only local bands or veins of magnetite or specularite, commonly with pyrite (Figure 3b).
Table 1. Summary of significant copper mineralized intersections in drill hole CHR001
HoleID | From (m) | To (m) | Downhole Interval (m) |
Copper (%) |
Gold (g/t) |
CuEq (%) |
Cobalt (ppm) |
Molybdenum (ppm) |
CHR001 | 76 | 86 | 10 | 0.12 | 0.47 | 0.46 | 55 | 16 |
CHR001 | 244 | 260 | 16 | 0.10 | 0.03 | 0.12 | 19 | 15 |
CHR001 | 434 | 446 | 12 | 0.11 | 0.53 | 0.50 | 30 | <1 |
Note: Intervals compiled at an approximate 0.1% Cu cut-off. Copper equivalent (“CuEq”) values are calculated using metals reported in situ (100% basis) and only including copper and gold values. Assumptions include metals prices of US$4.00/lb for copper and US$2000/oz for gold. No metallurgical data is available so there are no discounts for recovery. The formula used is as follows: CuEq% = Cu% + 0.72 x Au g/t
Magnetic Target: The second target comprises a large (800m by 400m) and intense (3500nT) ground magnetic anomaly interpreted as sourced by a magnetite alteration system (Figure 2). Two holes (CHR002 and CHR003) were drilled to depths of 260m and 296m, respectively, to test this system. Both holes intersected significant magnetite-actinolite-albite alteration. Copper sulphide (chalcopyrite) is present at trace levels in CHR002 and CHR003, most commonly within, and as haloes to, carbonate veins. Specularite is also locally present in these veins. The highest individual copper assay was 0.16% Cu in a 2-metre sample from 272m in CHR003, with the maximum iron assay for an individual 2-metre sample being 38.3% Fe within an interval of 18m @ 26.1% Fe from 102m in CHR003 (Figure 3d), demonstrating notable iron mineralization.
The collar information for all five holes is provided in Table 2.
Tribeca is actively finalizing plans for a Phase 3 drill program at its cornerstone La Higuera IOCG Project, demonstrating its commitment to advancing its key assets. Concurrently, the company is aggressively pursuing business development initiatives, both near its existing two projects and in Chile more broadly. The company is currently evaluating all available data from the Chiricuto program to determine the best path forward for the property, including potential partnerships and alternative exploration strategies. This comprehensive approach is intended to ensure that Tribeca maximizes the value of its assets while maintaining a disciplined and strategic focus.
Table 2. Details of the drill collars from the Chiricuto drill program. Collar coordinates provided using datum/projection WGS84 Zone 19S.
HoleID | Easting | Northing | Elevation | Azimuth (mag) | Dip | Total Depth |
CHR001 | 383950 | 7061600 | 1192 | 90 | -70 | 456.30 |
CHR002 | 383800 | 7060025 | 1245 | 90 | -60 | 260.50 |
CHR003 | 384280 | 7060138 | 1199 | 270 | -65 | 296.50 |
CHR004 | 384105 | 7061194 | 1204 | 270 | -60 | 323.00 |
CHR005 | 384415 | 7060850 | 1189 | 270 | -60 | 250.00 |
Notes on sampling and assaying
Analytical samples were produced using ½ HQ core and sent to the Activation Geological Services (AGS) Lab in La Serena, Chile. Preparation included crushing the core samples to 70% < 2.5mm and pulverizing 500g of crushed material to better than 95% < 105 microns. All samples are assayed using 30g nominal weight fire assay with AAS finish (Au-FA30) and a multi-element four acid digest ICP-OES method (OES-TD36). The QA/QC procedure for this drilling program utilizes field duplicates, standards and blanks that comprise approximately 10% of the total samples submitted.
Qualified Person
All scientific and technical information in this press release has been prepared by, or approved by, Dr. Paul Gow, who is the CEO of Tribeca Resources. He is a Member of the Australian Institute of Geoscientists (MAIG), a Member of the Australasian Institute of Mining and Metallurgy (MAusIMM) and a qualified person for the purposes of NI 43-101. Dr. Gow has not verified any of the information regarding any of the properties or projects referred to herein other than the La Higuera Property and the Chiricuto Property. Mineralization on any other properties referred to herein is not necessarily indicative of mineralization on the La Higuera Project and the Chiricuto Property.
About Tribeca Resources
Tribeca Resources is a copper exploration company focused on discovering and developing assets in the Coastal IOCG Belt of northern Chile. The Company’s management team, whose members are significant shareholders of the Company, has world-leading expertise and a discovery history with iron oxide copper-gold deposits in the world’s great IOCG Belts of the Carajás district in Brazil and the Gawler and Cloncurry provinces of Australia.
Tribeca Resources’ objective is to provide the mineral resources for the next generation of copper mines in Chile. It is focused on building a portfolio of projects, with emphasis on mid to advanced-stage copper exploration and resource development projects. To this end, mineral targets are regularly assessed in pursuit of acquisition, strategic exploration and significant discovery.
Tribeca Resources’ flagship property is the La Higuera Project that comprises 4,147 hectares of granted mining and exploration licences and is located towards the southern end of the Chilean Coastal IOCG Belt in the Coquimbo Region of northern Chile. Further information about the project can be found in the NI 43-101 Technical Report lodged by Tribeca Resources on SEDAR on 24 October 2022.
On behalf of Tribeca Resources Corporation
Paul Gow | Thomas Schmidt | |
CEO and Director | President and Director | |
admin@tribecaresources.com | admin@tribecaresources.com | |
+1 604 685 9316 | +1 604 685 9316 |
Cautionary Note
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.
This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or with any securities regulatory authority of any state or other jurisdiction in the United States, and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons, as such term is defined in Regulation S under the Securities Act (“Regulation S”), except pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act.
Forward Looking Information
This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release include statements regarding the relationship between geophysical and geochemical survey results and potential mineralization, the relationship between a pyrite-dominant mineralized system and potential associated copper-gold mineralization, and the operations of the Company.
Such statements and information reflect the current view of the Company. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the ability of the Company to pay the purchase price as well as any other payments required by the Chiricuto Option Agreement, risks associated with mineral exploration, including the risk that actual results of exploration will be different from those expected by management, and the risk that new laws or regulations could adversely affect the business and results of operations of the Company and anticipated work on the Company’s projects.
There are several important factors that could cause the Company’s actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: reliance on key management; changes in the credit or security markets; results of operation activities; unanticipated costs and expenses; fluctuations in commodity prices; and general market and industry conditions. The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events.
The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. The forward-looking information contained in this press release represents the expectations of the Company as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.
27 FEBRUARY, 2025 | VANCOUVER, BC
Tribeca Resources Corporation (TSXV: TRBC) (OTCQB: TRRCF) (“Tribeca Resources”, the “Company”) is pleased to advise that it will be exhibiting at the annual 2025 Prospectors & Development Association of Canada (PDAC) Convention, the world's premier mineral exploration & mining event.
To learn more about Tribeca Resources’ copper-gold discovery at the La Higuera Project and the strategy behind on-going drilling at the Chiricuto property, we invite you to visit the team at Booth # 3131 in the Investors Exchange, Level 800, at the Metro Toronto Convention Centre, South Building on Sunday March 2nd through Wednesday March 5th.
Further, Tribeca Resources CEO, Paul Gow, will be presenting at the “Chile at PDAC” event, jointly organised by CESCO and Latin Rocks. Details for the event, which will include a presentation from Chile’s Minister of Mining Aurora Williams, are available at https://www.latinrocks.cl/chile-en-pdac-2025. The Tribeca presentation will take place at 10:30am on Monday March 3rd, with no prior registration required.
An updated version of our Corporate Presentation is now available on the Company’s website: http://tribecaresources.com/investors/presentation/
PDAC 2025: The World’s Premier Mineral Exploration & Mining Convention is the leading event for people, companies and organizations connected to mineral exploration. This annual convention in Toronto, Canada is known for attracting up to 30,000 attendees from over 130+ countries for its educational programming, networking events, outstanding business opportunities.
Since it began in 1932, the PDAC Convention has grown in size, stature and influence. Today, it is the event of choice for the world’s mineral industry hosting more than 1,100 exhibitors and 2,500 investors. Visit PDAC’s website for registration and ticketing information
Tribeca Resources is a copper exploration company focused on discovering and developing assets in the Coastal IOCG Belt of northern Chile. The Company’s management team, whose members are significant shareholders of the Company, has world-leading expertise and a discovery history with iron oxide copper-gold deposits in the world’s great IOCG Belts of the Carajás district in Brazil and the Gawler and Cloncurry provinces of Australia.
Tribeca Resources’ objective is to provide the mineral resources for the next generation of copper mines in Chile. It is focused on building a portfolio of projects, with emphasis on mid to advanced-stage copper exploration and resource development projects. To this end, mineral targets are regularly assessed in pursuit of acquisition, strategic exploration and significant discovery.
Tribeca Resources’ flagship property is the La Higuera Project that comprises 4,147 hectares of granted mining and exploration licences and is located towards the southern end of the Chilean Coastal IOCG Belt in the Coquimbo Region of northern Chile. Further information about the project can be found in the NI 43-101 Technical Report lodged by Tribeca Resources on SEDAR on 24 October 2022.
Paul Gow | Thomas Schmidt |
CEO and Director | President and Director |
admin@tribecaresources.com | admin@tribecaresources.com |
+1 604 685 9316 | +1 604 685 9316 |
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.
This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or with any securities regulatory authority of any state or other jurisdiction in the United States, and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons, as such term is defined in Regulation S under the Securities Act (“Regulation S”), except pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act.
Tribeca Resources Corporation (TSXV: TRBC) (OTCQB: TRRCF) (“Tribeca Resources”, the “Company”) is pleased to report that drilling has commenced on the Company’s Chiricuto Property (“Chiricuto”) in the Atacama region of northern Chile. This follows systematic completion of geological mapping, geophysics and soil sampling since Tribeca Resources acquired an option to purchase a 100% interest in the property in March 2024.
Drilling activities at the Chiricuto Property will be undertaken in parallel with preparation for further drilling at the Company’s flagship La Higuera Project.
“Since Tribeca Resources’ acquisition of a 100% purchase option over the Chiricuto Property ten months ago, our team has worked to systematically complete three streams of pre-drilling activities and has successfully advanced the Chiricuto Property towards this significant milestone. We are excited to now test these exciting combined geophysical-geochemical targets in this growing copper district that is dominated by Capstone Copper’s significant copper-gold projects.“
The Chiricuto Property is a 570 hectare property located in the established Mantoverde district of the Chilean Coastal Belt, 15 km and 21 km from Capstone Copper Corporation’s Mantoverde mine and Santo Domingo development project, respectively. These two deposits combined host over 1.5Bt of copper-gold mineral resources (Figure 1). The Mantoverde mine currently produces 35,000 tonnes of copper cathode per annum, with a recently completed expansion to process sulphide ores set to increase total production in 2025 to between 97,000 tonnes and 112,000 tonnes of copper.
Geochemical-geophysical targets, coincident with mapped alteration, at the Chiricuto Property will be tested by an approximate 1,500m diamond drilling program expected to include five drill holes, the first of which has been collared. The objective of this maiden drill programme is to test for significant iron oxide copper-gold (IOCG) mineralization associated with one of the few remaining large iron oxide alteration systems in the district yet to be drill tested.
The two key targets to be tested for copper-gold mineralization comprise i) a large magnetic anomaly in the west of the property, which is expected to be associated with magnetite alteration, and ii) a significant IP chargeability anomaly in the northwest of the property that is generally non-magnetic and is interpreted as potentially associated with hematite alteration.
Pre-drilling activities completed at Chiricuto
The pre-drilling activities undertaken during 2024, to identify these targets at Chiricuto, included:
All scientific and technical information in this press release has been prepared by, or approved by, Dr. Paul Gow, who is the CEO of Tribeca Resources. He is a Member of the Australian Institute of Geoscientists (MAIG), a Member of the Australasian Institute of Mining and Metallurgy (MAusIMM) and a qualified person for the purposes of NI 43-101. Dr. Gow has not verified any of the information regarding any of the properties or projects referred to herein other than the La Higuera Property and the Chiricuto Property. Mineralization on any other properties referred to herein is not necessarily indicative of mineralization on the La Higuera Project and the Chiricuto Property.
Tribeca Resources is a copper exploration company focused on discovering and developing assets in the Coastal IOCG Belt of northern Chile. The Company’s management team, whose members are significant shareholders of the Company, has world-leading expertise and a discovery history with iron oxide copper-gold deposits in the world’s great IOCG Belts of the Carajás district in Brazil and the Gawler and Cloncurry provinces of Australia.
Tribeca Resources’ objective is to provide the mineral resources for the next generation of copper mines in Chile. It is focused on building a portfolio of projects, with emphasis on mid to advanced-stage copper exploration and resource development projects. To this end, mineral targets are regularly assessed in pursuit of acquisition, strategic exploration and significant discovery.
Tribeca Resources’ flagship property is the La Higuera Project that comprises 4,147 hectares of granted mining and exploration licences and is located towards the southern end of the Chilean Coastal IOCG Belt in the Coquimbo Region of northern Chile. Further information about the project can be found in the NI 43-101 Technical Report lodged by Tribeca Resources on SEDAR on 24 October 2022.
Paul Gow | Thomas Schmidt | |
CEO and Director | President and Director | |
admin@tribecaresources.com | admin@tribecaresources.com | |
+1 604 685 9316 | +1 604 685 9316 |
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.
This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or with any securities regulatory authority of any state or other jurisdiction in the United States, and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons, as such term is defined in Regulation S under the Securities Act (“Regulation S”), except pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act.
This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release include statements regarding the relationship between geophysical and geochemical survey results and potential mineralization, the size and timing of the maiden drill program that has commenced, and the operations of the Company.
Such statements and information reflect the current view of the Company. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the ability of the Company to pay the purchase price as well as any other payments required by the Chiricuto Option Agreement, risks associated with mineral exploration, including the risk that actual results of exploration will be different from those expected by management, and the risk that new laws or regulations could adversely affect the business and results of operations of the Company and anticipated work on the Company’s projects.
There are several important factors that could cause the Company’s actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: reliance on key management; changes in the credit or security markets; results of operation activities; unanticipated costs and expenses; fluctuations in commodity prices; and general market and industry conditions. The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events.
The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. The forward-looking information contained in this press release represents the expectations of the Company as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.
15 JANUARY, 2025 | VANCOUVER, BC
Tribeca Resources Corporation (TSXV: TRBC) (OTCQB: TRRCF) (“Tribeca Resources”, the “Company”) is pleased to announce results from a systematic soil geochemical survey over the geophysical targets at the Chiricuto IOCG Property ("Chiricuto Property") in the Atacama region of northern Chile. Strong copper and gold soil anomalism is present and is associated with Induced Polarization (IP) and ground magnetic targets that are proposed for drilling in the coming months.
Drilling activities at the Chiricuto Property will be undertaken in parallel with preparation for further drilling at the Company’s flagship La Higuera Project.
“Integration of the new soil geochemistry data with our recently reported geophysical survey results reinforces our proposed drill targets at Chiricuto. These now represent exciting combined geophysical-geochemical targets in this growing copper district, dominated by Capstone Copper Corp. The very strong gold soil results accompanying the anomalous copper are highly encouraging, and consistent with the metals commonly present in IOCG systems. We look forward to commencing drilling at Chiricuto in the coming month.”
The Chiricuto Property is a 570 hectare property located in the established Mantoverde district of the Chilean Coastal Belt, 15 km and 21 km from Capstone Copper Corporation’s Mantoverde mine and Santo Domingo development project, respectively (Figure 1).
The project is located within the andesite-dominated lower unit of the Middle-Upper Jurassic La Negra Formation, which is the same rock unit that hosts the Mantoverde deposit (approximately 1 Billion tonnes of oxide and sulphide copper resource, Capstone Copper MRE dated 31 December 2022 - Measured and Indicated categories). The rocks are in the hanging-wall to a major east-vergent thrust, parallel to, but located between, the regional Atacama and Chivato Fault Systems.
Much of the Chiricuto Property area is located under interpreted thin alluvial or colluvial gravel cover, however outcrop is locally present and hosts several small copper or iron workings and pits.
A systematic 200m x 200m spaced grid soil sampling program was completed over the previously announced geophysical targets at the Chiricuto Property (see Tribeca’s news release dated 29 October, 2024). The objective of the soil survey was to delineate zones of higher copper-gold within the extensive geophysical target area in order to prioritize and refine drill targets for the upcoming drill program. The survey spanned approximately 2.5km x 200m-1,000m of outcropping to sub-cropping area in the northwest of the property (Figure 2). The sampling comprised collection of a 200 gram sample of material finer than 180 microns (-80#) from 30 cm depth. The samples were analyzed at ALS laboratories for a multi-element package plus super-trace gold (ALS code AuME-ST43).
The maximum gold and copper values returned were 935 ppm Cu and 0.127 g/t Au. The maximum copper value was returned from over the intense >3,000 nT magnetic anomaly in the central-west of the property. The second highest copper anomaly was returned from the northwest of the property coincident with a prominent gradient array chargeability anomaly and magneto-telluric (MT) low-resistivity anomaly (Figure 2). Importantly, this zone of copper anomalism also hosts a 400m x 300m zone of gold in soil of >50 ppb Au (0.05 g/t Au), with two samples above 0.1 g/t Au.
These coincident geochemical-geophysical targets at the Chiricuto Property are planned to be tested by an approximate 1,500m diamond drilling program expected to commence in February. The requisite documentation has been submitted to the appropriate authority (Sernageomin) and the drilling contractor has been appointed.
All scientific and technical information in this press release has been prepared by, or approved by, Dr. Paul Gow, who is the CEO of Tribeca Resources. He is a Member of the Australian Institute of Geoscientists (MAIG), a Member of the Australasian Institute of Mining and Metallurgy (MAusIMM) and a qualified person for the purposes of NI 43-101. Dr. Gow has not verified any of the information regarding any of the properties or projects referred to herein other than the La Higuera Property and the Chiricuto Property. Mineralization on any other properties referred to herein is not necessarily indicative of mineralization on the La Higuera Project and the Chiricuto Property.
Tribeca Resources is a copper exploration company focused on discovering and developing assets in the Coastal IOCG Belt of northern Chile. The Company’s management team, whose members are significant shareholders of the Company, has world-leading expertise and a discovery history with iron oxide copper-gold deposits in the world’s great IOCG Belts of the Carajás district in Brazil and the Gawler and Cloncurry provinces of Australia.
Tribeca Resources’ objective is to provide the mineral resources for the next generation of copper mines in Chile. It is focused on building a portfolio of projects, with emphasis on mid to advanced-stage copper exploration and resource development projects. To this end, mineral targets are regularly assessed in pursuit of acquisition, strategic exploration and significant discovery.
Tribeca Resources’ flagship property is the La Higuera Project that comprises 4,147 hectares of granted mining and exploration licences and is located towards the southern end of the Chilean Coastal IOCG Belt in the Coquimbo Region of northern Chile. Further information about the project can be found in the NI 43-101 Technical Report lodged by Tribeca Resources on SEDAR on 24 October 2022.
Paul Gow | Thomas Schmidt | |
CEO and Director | President and Director | |
admin@tribecaresources.com | admin@tribecaresources.com | |
+1 604 685 9316 | +1 604 685 9316 |
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.
This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or with any securities regulatory authority of any state or other jurisdiction in the United States, and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons, as such term is defined in Regulation S under the Securities Act (“Regulation S”), except pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act.
This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release include statements regarding the relationship between geophysical and geochemical survey results and potential mineralization, the size and timing of the proposed maiden drill program which shall commence in early 2025, and the operations of the Company.
Such statements and information reflect the current view of the Company. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others,: the ability of the Company to obtain TSX Venture Exchange approval of the Agreement, the ability of the Company to pay the purchase price as well as any other payments required by the Agreement, risks associated with mineral exploration, including the risk that actual results of exploration will be different from those expected by management, and the risk that new laws or regulations could adversely affect the business and results of operations of the Company and anticipated work on the Company’s projects.
There are several important factors that could cause the Company’s actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: reliance on key management; changes in the credit or security markets; results of operation activities; unanticipated costs and expenses; fluctuations in commodity prices; and general market and industry conditions. The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events.
The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. The forward-looking information contained in this press release represents the expectations of the Company as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.
DECEMBER 5, 2024 | VANCOUVER, BC
Tribeca Resources Corporation (TSXV: TRBC) (OTCQB: TRRCF) (“Tribeca Resources”, the “Company”), is pleased to announce the voting results from its Annual General Meeting of shareholders (the "Meeting") held on December 4, 2024. Shareholders holding 22,366,250 shares or 33.62% of the outstanding shares of the Company were represented in person or by proxy at the Meeting.
The shareholders re-elected Paul Gow, Thomas Schmidt, Nick DeMare, Luis Tondo and Derrick Weyrauch as directors of the Company.
The shareholders also voted in favour of all matters brought before the Meeting including the re-appointment of D&H Group LLP as auditor of the Company for the ensuing year and the continuation of the Company’s rolling 10% equity incentive plan (the "Incentive Plan"). Pursuant to the Incentive Plan, the Company is entitled to grant stock options, restricted share units, performance share units or deferred share units to eligible persons under the Incentive Plan, with the number of common shares issuable thereunder, together with the number of common shares issuable under any other security-based compensation arrangements of the Company, not to exceed 10% of the total number of common shares outstanding from time to time.
Following the Meeting, the directors appointed Paul Gow as Chief Executive Officer of the Company, Thomas Schmidt as President and Nick DeMare as Chief Financial Officer and Corporate Secretary. The Board also appointed Luis Tondo, Derrick Weyrauch and Thomas Schmidt to the audit committee.
About Tribeca Resources
Tribeca Resources is a copper exploration company focused on discovering and developing assets in the Coastal IOCG Belt of northern Chile. The company’s management team, whose members are significant shareholders of the Company, has world-leading expertise and a discovery history with iron oxide copper-gold deposits in the world’s great IOCG Belts of the Carajás district in Brazil and the Gawler and Cloncurry provinces of Australia.
Tribeca Resources’ objective is to provide the mineral resources for the next generation of copper mines in Chile. It is focused on building a portfolio of projects, with emphasis on mid to advanced-stage copper exploration and resource development projects. To this end, mineral targets are regularly assessed in pursuit of acquisition, strategic exploration and significant discovery.
Tribeca’s flagship property is the La Higuera IOCG project that comprises 4,147 hectares of granted mining and exploration licences and is located towards the southern end of the Chilean Coastal IOCG Belt in the Coquimbo Region of northern Chile. Further information about the La Higuera Project can be found in the NI 43-101 Technical Report lodged by Tribeca on SEDAR on 24 October 2022. Further, Tribeca holds an option to acquire a 100% interest in the Chiricuto Property. Chiricuto hosts a rare undrilled iron oxide alteration system in the Mantoverde – Santo Domingo district, located in the Atacama Region within the Chilean Coastal IOCG Belt.
For more information, please contact:
Paul Gow | Thomas Schmidt | |
CEO and Director | President and Director | |
admin@tribecaresources.com | admin@tribecaresources.com | |
+1 604 685 9316 | +1 604 685 9316 |
Cautionary Note
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.
OCTOBER 29, 2024 | VANCOUVER, BC
Tribeca Resources Corporation (TSXV: TRBC) (OTCQB: TRRCF) (“Tribeca Resources”, the “Company”) is pleased to announce that it has received results from a recently completed geological mapping program and gradient array IP (Induced Polarization) and MT (Magneto-telluric) geophysical survey at the Chiricuto IOCG project in northern Chile.
“These new geological mapping and geophysical datasets provide multiple supporting indicators for a strong drill target in this proven copper district. The observed alteration is typical of IOCG environments, and the size of the geophysical anomaly is substantial. We look forward to refining the drill targets through soil geochemistry and commencing our maiden drill program in early 2025.”
A geological mapping program has been completed at 1:5,000-scale over the project area (Figure 1). The dominant host rocks comprise andesite and porphyritic andesite, interpreted as part of the La Negra Formation. This is the same host unit as the significant Mantoverde deposit approximately 15km to the west. Alteration is present in the northern portion of the area (Figure 2) and comprises:
i) two extensive zones of chlorite-epidote alteration of andesite, locally with associated NNW-trending felsic dikes. These zones span approximately 500m x 400m and 400m x 150m.
ii) a sector with a predominance of calcite veins that have a preferential north-south orientation, within a broader calcite zone elongated in the east-west direction, which is coincident with part of the ground magnetic anomaly.
iii) a hydrothermal alteration zone oriented in a north-south to northeast direction, extending 400m in length and 150m in width, and is characterized by intense silicification, moderate leaching±hematite+limonite, and the scarce presence of disseminated specularite corresponding to a white to reddish fine-grained rock, with sporadic quartz-clay veinlets in fractures (kaolinite) and possible alunite in veinlets.
The objective of the geophysical surveying was to map any anomalous chargeable or low resistivity zones within the project area, either under the gravels or in exposed areas. Several lines of historic IP had indicated significant chargeability anomalism throughout the area, although the north-south orientation of the lines had not allowed for any understanding of the geometry of these zones. The survey utilized a gradient array IP method, with concurrent MT data acquisition. East-west lines were completed with a 400m line spacing. The results indicate a broad area, approximately 1.2km length by 400m width, of north-south-trending chargeability anomalism to the north of the principal magnetic anomaly in the area.
A soil sampling program is underway over outcropping areas within the broad chargeable zone, in order to refine and prioritize drill targets. A drill program of approximately 1,500 meters of diamond drilling is being prepared. The drilling program is fully funded following the Company’s latest financing, completed in July and August of this year.
Tribeca Resources is a copper exploration company focused on discovering and developing assets in the Coastal IOCG Belt of northern Chile. The company’s management team, whose members are significant shareholders of the Company, has world-leading expertise and a discovery history with iron oxide copper-gold deposits in the world’s great IOCG Belts of the Carajás district in Brazil and the Gawler and Cloncurry provinces of Australia.
Tribeca Resources’ objective is to provide the mineral resources for the next generation of copper mines in Chile. It is focused on building a portfolio of projects, with emphasis on mid to advanced-stage copper exploration and resource development projects. To this end, mineral targets are regularly assessed in pursuit of acquisition, strategic exploration and significant discovery.
Tribeca’s flagship property is the La Higuera IOCG project that comprises 4,147 hectares of granted mining and exploration licences and is located towards the southern end of the Chilean Coastal IOCG Belt in the Coquimbo Region of northern Chile. Further information about the La Higuera Project can be found in the NI 43-101 Technical Report lodged by Tribeca on SEDAR on 24 October 2022. Further, Tribeca holds an option to acquire a 100% interest in the Chiricuto Property. Chiricuto hosts a rare undrilled iron oxide alteration system in the Mantoverde – Santo Domingo district, located in the Atacama Region within the Chilean Coastal IOCG Belt.
Paul Gow | Thomas Schmidt | |
CEO and Director | President and Director | |
admin@tribecaresources.com | admin@tribecaresources.com | |
+1 604 685 9316 | +1 604 685 9316 |
The information in this release has been compiled by Dr. Paul Gow, Director and CEO of Tribeca Resources, based on the review of the information from historical work programs. Dr. Gow is a Member of the Australasian Institute of Mining and Metallurgy (AusIMM) and a qualified person for the purposes of NI 43-101. Dr. Gow has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a qualified person for the purposes of NI 43-101.
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.
This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or with any securities regulatory authority of any state or other jurisdiction in the United States, and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons, as such term is defined in Regulation S under the Securities Act (“Regulation S”), except pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act.#
This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release include information relating to the relationship between geophysical survey results and potential mineralization, the size and timing of the proposed maiden drill program which shall commence in early 2025, and the operations of the Company.
Such statements and information reflect the current view of the Company. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others: the ability of the Company to satisfy the closing conditions and obtain regulatory approval for the Private Placement, new laws or regulations could adversely affect the business and results of operations of the Company and anticipated work on the projects.
There are several important factors that could cause the Company’s actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: reliance on key management; changes in the credit or security markets; results of operation activities; unanticipated costs and expenses; fluctuations in commodity prices; and general market and industry conditions. The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events.
The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. The forward-looking information contained in this press release represents the expectations of the Company as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.
AUGUST 9, 2024 | VANCOUVER, BC
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWS WIRES
Tribeca Resources Corporation (TSXV: TRBC) (OTCQB: TRRCF) (“Tribeca Resources”, the “Company”), further to the news release of July 26, 2024, is pleased to announce that it has it has now closed the second and final tranche (the “Final Tranche”) of a non-brokered private placement (the “Private Placement”). Together with the first tranche, Tribeca Resources raised gross proceeds of C$1,285,000.
In connection with the Final Tranche, the Company raised gross proceeds of C$219,627 via the sale of 732,090 common shares of the Company ("Common Shares") at a price of C$0.30 per Common Share.
The proceeds of the Private Placement will predominantly be used to fund:
Tribeca Resources CEO, Dr Paul Gow commented:
“This additional capital will ensure we are well financed to advance and drill test the significant geophysical anomaly at the recently acquired Chiricuto project. The high calibre of investors we have attracted reflects the exciting exploration potential at the Chiricuto project and our team’s proven track-record at the La Higuera copper-gold project.”
No finder’s fees were paid in connection with the Final Tranche of the Private Placement. In connection with closing of the first tranche, the Company paid C$7,500 to Tamesis Partners LLP and C$7,200 to Leede Jones Gable Inc. in consideration for introducing certain subscribers to the Private Placement.
All securities issued pursuant to the Private Placement are subject to a statutory hold period of four months and one day. Closing of the Private Placement is subject to receipt of all necessary regulatory approvals and final acceptance of the TSX Venture Exchange.
Tribeca Resources is a copper exploration company focused on discovering and developing assets in the Coastal IOCG Belt of northern Chile. The company’s management team, whose members are significant shareholders of the Company, has world-leading expertise and a discovery history with iron oxide copper-gold deposits in the world’s great IOCG Belts of the Carajás district in Brazil and the Gawler and Cloncurry provinces of Australia.
Tribeca Resources’ objective is to provide the mineral resources for the next generation of copper mines in Chile. It is focused on building a portfolio of projects, with emphasis on mid to advanced-stage copper exploration and resource development projects. To this end, mineral targets are regularly assessed in pursuit of acquisition, strategic exploration and significant discovery.
Tribeca’s flagship property is the La Higuera IOCG project that comprises 4,147 hectares of granted mining and exploration licences and is located towards the southern end of the Chilean Coastal IOCG Belt in the Coquimbo Region of northern Chile. Further information about the La Higuera Project can be found in the NI 43-101 Technical Report lodged by Tribeca on SEDAR on 24 October 2022. Further, Tribeca holds an option to acquire a 100% interest in the Chiricuto Property. Chiricuto hosts a rare undrilled iron oxide alteration system in the Mantoverde – Santo Domingo district, located in the Atacama Region within the Chilean Coastal IOCG Belt.
Paul Gow | Thomas Schmidt | |
CEO and Director | President and Director | |
admin@tribecaresources.com | admin@tribecaresources.com | |
+1 604 685 9316 | +1 604 685 9316 |
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.
This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or with any securities regulatory authority of any state or other jurisdiction in the United States, and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons, as such term is defined in Regulation S under the Securities Act (“Regulation S”), except pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act.
This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release include information relating to the use of proceeds of the Private Placement, the operations of the Company, the drilling programs, that the Company’s results have or will attract potential investors and approval of the TSXV and any other regulatory bodies.
Such statements and information reflect the current view of the Company. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others: the ability of the Company to satisfy the closing conditions and obtain regulatory approval for the Private Placement, new laws or regulations could adversely affect the business and results of operations of the Company and anticipated work on the projects.
There are several important factors that could cause the Company’s actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: reliance on key management; changes in the credit or security markets; results of operation activities; unanticipated costs and expenses; fluctuations in commodity prices; and general market and industry conditions. The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events.
The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. The forward-looking information contained in this press release represents the expectations of the Company as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWS WIRES
Tribeca Resources Corporation (TSXV: TRBC) (OTCQB: TRRCF) (“Tribeca Resources”, the “Company”), further to the news release of June 13, 2024, is pleased to announce that it has completed closing of an initial tranche (the “Initial Tranche”) of the non-brokered private placement (the "Private Placement") of up to 6,666,667 common shares of the Company ("Common Share") at a price of $0.30 per Common Share (the "Purchase Price") for gross proceeds of up to $2 million.
In connection with the Initial Tranche, the Company has issued an aggregate of 3,551,243 Common Shares for gross proceeds of $1,065,372.90 representing approximately 5.71% of the Common Shares currently issued and outstanding on a non-diluted basis prior to the closing of the Initial Tranche. The Company anticipates issuing an additional 670,000 Common Shares for additional gross proceeds of $201,000 in the next tranche, together with additional subscribers.
In connection with closing of the Initial Tranche, the Company paid $7,500 to Tamesis Partners LLP in consideration for introducing certain subscribers to the Private Placement.
All securities issued pursuant to the Private Placement are subject to a statutory hold period of four months and one day.
The subscription of three insiders of the Company in the Private Placement accounted for $79,500 or approximately 7.46% of the total gross proceeds. Participation by such insiders is exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”) by virtue of the exemptions contained in Section 5.5(b) and 5.7(1)(b) of MI 61-101.
Tribeca Resources is also pleased to announce that it has reached an agreement (the “Extension Agreement”) with the owners (the “Vendors”) of the Gaby-Totito property located in the Coquimbo province of Chile (the “Property”) to extend the purchase option agreement entered into between the Company and the Vendors on March 15, 2019, as amended, restated, supplemented or otherwise modified (the “Purchase Option Agreement”), under which the Company has the option to purchase a 100% interest in the Property (the “Purchase Option”).
Under the new Extension Agreement, the deadline of the final purchase payment due to the Vendors under the Purchase Option Agreement has been extended for a period of 18 month months (the “Extension”) to 15 September 2026 in consideration of the Company paying the Vendors US$130,000, making a US$50,000 advance payment on the final purchase payment upon execution of the Extension Agreement; and agreeing to make a 10% partial payment of the final purchase payment on the previous Purchase Option expiry date, being 15 March 2025.
The revised acquisition timetable significantly reduces the Company’s funding requirements in 2025 and provides Tribeca with additional time to focus on growing the Gaby discovery.
The payment terms in the Purchase Option Agreement have been amended such that the remaining payments due, in order to exercise the Purchase Option, are as follows:
Payment deadline |
New payment schedule |
Prior payment schedule |
On signing of extension (July 2024) | US$130,000 one-payment (paid) US$50,000 prepayment (paid) |
N/A |
Before March 2025 | US$200,000 | US$1,800,000 |
Before September 2026 | US$1,550,000 | N/A |
Further, during the Extension, the frequency of the Exploration Levy Payments will change from annual to semi-annually. Cumulative Exploration Levy Payments will remain capped at US$500,000.
For further details on the Purchase Option Agreement, please refer to the Company’s 24 October 2022 Filing Statement with respect to the reverse takeover between Tribeca Resources Ltd and Hansa Resources Limited, located on SEDAR+.
Tribeca Resources is a copper exploration company focused on discovering and developing assets in the Coastal IOCG Belt of northern Chile. The company’s management team, whose members are significant shareholders of the Company, has world-leading expertise and a discovery history with iron oxide copper-gold deposits in the world’s great IOCG Belts of the Carajás district in Brazil and the Gawler and Cloncurry provinces of Australia.
Tribeca Resources’ objective is to provide the mineral resources for the next generation of copper mines in Chile. It is focused on building a portfolio of projects, with emphasis on mid to advanced-stage copper exploration and resource development projects. To this end, mineral targets are regularly assessed in pursuit of acquisition, strategic exploration and significant discovery.
Tribeca’s flagship property is the La Higuera IOCG project that comprises 4,147 hectares of granted mining and exploration licences and is located towards the southern end of the Chilean Coastal IOCG Belt in the Coquimbo Region of northern Chile. Further information about the La Higuera Project can be found in the NI 43-101 Technical Report lodged by Tribeca on SEDAR on 24 October 2022. Further, Tribeca holds an option to acquire a 100% interest in the Chiricuto Property. Chiricuto hosts a rare undrilled iron oxide alteration system in the Mantoverde – Santo Domingo district, located in the Atacama Region within the Chilean Coastal IOCG Belt.
Paul Gow | Thomas Schmidt | |
CEO and Director | President and Director | |
admin@tribecaresources.com | admin@tribecaresources.com | |
+1 604 685 9316 | +1 604 685 9316 |
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.
This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or with any securities regulatory authority of any state or other jurisdiction in the United States, and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons, as such term is defined in Regulation S under the Securities Act (“Regulation S”), except pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act.
This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release include information relating to the ability of the Company to close the Private Placement on the timing and terms described herein, or at all, the use of proceeds of the Private Placement, the operations of the Company, the drilling programs, payment of the Exploration Levy Payments, that the Company’s results have or will attract potential investors and approval of the TSXV and any other regulatory bodies.
Such statements and information reflect the current view of the Company. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others: the ability of the Company to satisfy the closing conditions and obtain regulatory approval for the Private Placement, the ability of the Company to make the Exploration Levy Payments, new laws or regulations could adversely affect the business and results of operations of the Company and anticipated work on the projects.
There are several important factors that could cause the Company’s actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: reliance on key management; changes in the credit or security markets; results of operation activities; unanticipated costs and expenses; fluctuations in commodity prices; and general market and industry conditions. The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events.
The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. The forward-looking information contained in this press release represents the expectations of the Company as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.
JUNE 13, 2024 | VANCOUVER, BC
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWS WIRES
Tribeca Resources Corporation (TSXV: TRBC) (OTCQB: TRRCF) (“Tribeca Resources”, the “Company”) is pleased to announce its intention to complete a non-brokered private placement pursuant to which it will issue up to 6,666,667 common shares ("Shares") at a price of C$0.30 per Share for aggregate gross proceeds of up to C$2,000,000 (the “Private Placement”).
The proceeds of the Private Placement will predominantly be used to fund:
The Company has received indications of interest from a small group of sophisticated European and North American investors, for a significant proportion of the Shares to be issued.
Tribeca Resources CEO, Dr Paul Gow commented:
“This additional capital, underpinned by indications of interest from three long-term shareholders and one new investor, will ensure we are well financed to advance and drill test the significant geophysical anomaly at the recently acquired Chiricuto project. The high calibre of investors we have attracted reflects the exciting exploration potential at the Chiricuto project and our team’s proven track-record at the La Higuera copper-gold project.”
In connection with the Private Placement, the Company will pay a finder's fee comprised of 6% in cash or Shares to eligible finders in accordance with applicable securities laws and the policies of the TSXV. Closing of the Private Placement is expected to occur on or about July 3, 2024 and is subject to customary closing conditions, including receipt of all regulatory approvals, including the approval of the TSXV.
All securities issued pursuant to the Private Placement, including the Shares issued in consideration for services rendered in connection with introducing the Company to investors, will be subject to a statutory hold period of four months and one day.
Tribeca Resources is a copper exploration company focused on discovering and developing assets in the Coastal IOCG Belt of northern Chile. The company’s management team, whose members are significant shareholders of the Company, has world-leading expertise and a discovery history with iron oxide copper-gold deposits in the world’s great IOCG Belts of the Carajás district in Brazil and the Gawler and Cloncurry provinces of Australia.
Tribeca Resources’ objective is to provide the mineral resources for the next generation of copper mines in Chile. It is focused on building a portfolio of projects, with emphasis on mid to advanced-stage copper exploration and resource development projects. To this end, mineral targets are regularly assessed in pursuit of acquisition, strategic exploration and significant discovery.
Tribeca’s flagship property is the La Higuera IOCG project that comprises 4,147 hectares of granted mining and exploration licences and is located towards the southern end of the Chilean Coastal IOCG Belt in the Coquimbo Region of northern Chile. Further information about the La Higuera Project can be found in the NI 43-101 Technical Report lodged by Tribeca on SEDAR on 24 October 2022. Further, Tribeca holds an option to acquire a 100% interest in the Chiricuto Property. Chiricuto hosts a rare undrilled iron oxide alteration system in the Mantoverde – Santo Domingo district, located in the Atacama Region within the Chilean Coastal IOCG Belt.
Paul Gow | Thomas Schmidt | |
CEO and Director | President and Director | |
admin@tribecaresources.com | admin@tribecaresources.com | |
+1 604 685 9316 | +1 604 685 9316 |
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.
This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or with any securities regulatory authority of any state or other jurisdiction in the United States, and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons, as such term is defined in Regulation S under the Securities Act (“Regulation S”), except pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act.
This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release include information relating to the ability of the Company to close the Private Placement on the timing and terms described herein, or at all, the use of proceeds of the Private Placement, the operations of the Company, the drilling programs, that the Company’s results have or will attract potential investors and approval of the TSXV and any other regulatory bodies.
Such statements and information reflect the current view of the Company. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: new laws or regulations could adversely affect the business and results of operations of the Company and anticipated work on the projects.
There are several important factors that could cause the Company’s actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: reliance on key management; changes in the credit or security markets; results of operation activities; unanticipated costs and expenses; fluctuations in commodity prices; and general market and industry conditions. The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events.
The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. The forward-looking information contained in this press release represents the expectations of the Company as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.
23 MAY, 2024 | VANCOUVER, BC
Tribeca Resources Corporation (TSXV: TRBC) (OTCQB: TRRCF) (“Tribeca Resources”, the “Company”) announces the granting of stock options to directors and officers of the Company for the purchase of up to 3,050,000 common shares of the Company, at a price of $0.37 per share, for a period of 5 years. The options shall vest annually in equal thirds beginning on the first anniversary of the date of grant. In addition, pursuant to the Long-term Incentive Plan adopted by the Company in October 2022, the Company granted 130,000 deferred share units (“DSU”) to its independent directors.
Tribeca Resources is a copper exploration company focused on discovering and developing assets in the Coastal IOCG Belt of northern Chile. The Company’s management team, whose members are significant shareholders of the Company, has world-leading expertise and a discovery history with iron oxide copper-gold deposits in the world’s great IOCG Belts of the Carajás district in Brazil and the Gawler and Cloncurry provinces of Australia.
Tribeca Resources’ objective is to provide the mineral resources for the next generation of copper mines in Chile. It is focused on building a portfolio of projects, with emphasis on mid to advanced-stage copper exploration and resource development projects. To this end, mineral targets are regularly assessed in pursuit of acquisition, strategic exploration and significant discovery.
Tribeca Resources’ flagship property is the La Higuera Project that comprises 4,147 hectares of granted mining and exploration licences and is located towards the southern end of the Chilean Coastal IOCG Belt in the Coquimbo Region of northern Chile. Further information about the project can be found in the NI 43-101 Technical Report lodged by Tribeca Resources on SEDAR on 24 October 2022.
Paul Gow | Thomas Schmidt | |
CEO and Director | President and Director | |
admin@tribecaresources.com | admin@tribecaresources.com | |
+1 604 685 9316 | +1 604 685 9316 |
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This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or with any securities regulatory authority of any state or other jurisdiction in the United States, and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons, as such term is defined in Regulation S under the Securities Act (“Regulation S”), except pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act.
This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release include statements regarding the future plans and objectives of the Company, including exploration projects.
Such statements and information reflect the current view of the Company. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others,: the ability of the Company to obtain TSX Venture Exchange approval of the Agreement, the ability of the Company to pay the purchase price as well as any other payments required by the Agreement, risks associated with mineral exploration, including the risk that actual results of exploration will be different from those expected by management, and the risk that new laws or regulations could adversely affect the business and results of operations of the Company and anticipated work on the Company’s projects.
There are several important factors that could cause the Company’s actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: reliance on key management; changes in the credit or security markets; results of operation activities; unanticipated costs and expenses; fluctuations in commodity prices; and general market and industry conditions. The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events.
The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. The forward-looking information contained in this press release represents the expectations of the Company as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.