Eos The Landslide Blog is written by Dave Petley who is widely recognized as a world leader in the study and management of landslides On 7 December 2024 a major landslide occurred in a mine waste pile at the Turmalina Mine in Brazil. The operator, Jaguar Mining, has put out a press release that provides a brief commentary:- “On the morning of Saturday December 7 a visual inspection identified areas of concern at the Satinoco tailings pile The mine’s personnel and nearby community members were evacuated before the slump occurred and no injuries were reported…Material from the slump impacted some of the infrastructure at the mine including outdoor storage areas and an emergency escape exit from the mine was covered Approximately 134 residents have been evacuated to local hotels and the Company has crisis management and support personnel on the ground engaging with the displaced families.” Walinton Sousa has a post on LinkedIn that shows this remarkable landslide:- And there is some footage of the landslide in action on Youtube:- And even more dramatically:- And there is some good drone footage of the aftermath:- The location of the Turmalina landslide is [-19.74311 The tailings stack is visible in Google Earth and an image from October 2022 shows that the tailings stack was being used at that time So what are we to make of this most intriguing landslide There are a few things that are interesting with the very steep rear scarp and the much lower angle sliding surface:- the sliding surface is very planar (bar the debris on the lower portion) so I wonder if this was a pre-existing plane of weakness but the velocity was fortunately not high – look how comparatively intact the top surface of the debris is I think there may be two phases of failure – it appears to me that there may be two deposits this might be supported by the videos of the failure above Perhaps the vegetated lower slope / buttress failed first (to create the lower deposit) followed by a second failure in the now unbuttressed tailings stack but ultimately this is a failure in some way to design engineer and/or manage the tailings stack adequately it highlights the unacceptable rate of failure of tailings sites (TBXXF) announces a corporate name change to King Copper Discovery Corp. The change reflects the company's focus on the Colquemayo copper-gold-silver project in Southern Peru features significant mineralization with historic drill results including:237.3m @ 2.4% Cu The company has initiated baseline fieldwork and engaged INSIDEO for environmental impact assessment studies The project shows potential for both high-grade epithermal mineralization and an underlying copper porphyry system (TBXXF) annuncia un cambio di nome aziendale in King Copper Discovery Corp. con un nuovo simbolo di trading KCP su TSXV Il cambiamento riflette il focus dell'azienda sul progetto di rame-oro-argento Colquemayo nel sud del Perù presenta una significativa mineralizzazione con risultati storici di perforazione che includono:237,3m @ 2,4% Cu L'azienda ha avviato lavori di campo di base e ha coinvolto INSIDEO per studi di valutazione dell'impatto ambientale importanti per le domande di permesso di perforazione Il progetto mostra potenziale sia per mineralizzazione epithermale ad alta legge che per un sistema di porfido di rame sottostante (TBXXF) anuncia un cambio de nombre corporativo a King Copper Discovery Corp. con un nuevo símbolo de negociación KCP en TSXV El cambio refleja el enfoque de la empresa en el proyecto de cobre-oro-plata Colquemayo en el sur de Perú presenta una mineralización significativa con resultados históricos de perforación que incluyen:237.3m @ 2.4% Cu La empresa ha iniciado trabajos de campo básicos y ha contratado a INSIDEO para estudios de evaluación de impacto ambiental importantes para las solicitudes de permisos de perforación El proyecto muestra potencial tanto para mineralización epithermal de alta ley como para un sistema de pórfido de cobre subyacente (TBXXF)는 2025년 3월 11일부터 King Copper Discovery Corp.로 회사 이름을 변경한다고 발표했습니다 이 변경은 회사의 페루 남부 콜크마요 구리-금-은 프로젝트에 대한 집중을 반영합니다 역사적인 시추 결과를 포함한 중요한 광물화가 특징입니다:237.3m @ 2.4% Cu 시추 허가 신청에 중요한 환경 영향 평가 연구를 위해 INSIDEO를 참여시켰습니다 이 프로젝트는 고급 에피서멀 광물화와 기저에 있는 구리 포르피리 시스템 모두에 대한 잠재력을 보여줍니다 (TBXXF) annonce un changement de nom d'entreprise en King Copper Discovery Corp. avec un nouveau symbole de négociation KCP sur TSXV Ce changement reflète l'orientation de l'entreprise vers le projet de cuivre-or-argent Colquemayo dans le sud du Pérou présente une minéralisation significative avec des résultats historiques de forage comprenant :237,3m @ 2,4% Cu L'entreprise a lancé des travaux de terrain de base et a engagé INSIDEO pour des études d'évaluation de l'impact environnemental importantes pour les demandes de permis de forage Le projet montre un potentiel tant pour une minéralisation épithermale de haute qualité que pour un système de porphyre de cuivre sous-jacent mit einem neuen Handelssymbol KCP an der TSXV Die Änderung spiegelt den Fokus des Unternehmens auf das Colquemayo Kupfer-Gold-Silber-Projekt im Süden Perus wider Das Projekt erstreckt sich über 6.600 Hektar und weist eine signifikante Mineralisierung mit historischen Bohrergebnissen auf Das Unternehmen hat grundlegende Feldarbeiten initiiert und INSIDEO für Umweltverträglichkeitsprüfungen engagiert die für die Anträge auf Bohrgenehmigungen wichtig sind Das Projekt zeigt Potenzial sowohl für hochgradige epithermale Mineralisierung als auch für ein darunter liegendes Kupferporphyrsystem 2025 (GLOBE NEWSWIRE) -- Turmalina Metals Corp 3RI-FSE) is pleased to provide an update on the recently announced corporate name change from “Turmalina Metals Corp.” to “King Copper Discovery Corp.” and a symbol change on the TSXV from TBX to KCP The new CUSIP number for the Company’s common shares will be 494726102 and the new ISIN number will be CA4947261026 The share capital of the Company will remain unchanged The updating of various presentation materials will reflect the Company’s focus on the Colquemayo copper-gold-silver project which is located in the Moquegua department near the border with the Arequipa department in Southern Peru of which the Company has an option to earn a 100% interest covers 6,600 hectares with copper-gold-silver mineralization in high-sulphidation epithermal systems hosted by phreatomagmatic and hydrothermal breccias that have been emplaced into Miocene to Pliocene andesitic volcanic rocks Intense hydrothermal alteration has been mapped over an area of 10 km by 3 km Historic drill results from Colquemayo (see Turmalina News Release dated July 3 2024 for details) include an intersection that returned: states “The high-grade potential of the Colquemayo mineralized system is illustrated by prior drilling that returned up to 15.15 metres of 27% copper within a broader 237.3 metre intercept of 2.4% copper starting at a down-holed depth of 306.25m In addition to targeting extensions to this high-grade epithermal mineralization our exploration will follow up indications of an underlying copper porphyry system identified in prior drilling Our exploration model at Colquemayo draws on its similarities to linked epithermal and porphyry systems in the Andes A drill program is being designed on the basis of an exploration model developed from the re-logging of approximately 20,000 metres of historic drill core mapped geology and mineral alteration zoning The Company has established access to the Project for initial baseline fieldwork and has maintained close contact with the communities of Palcamayo and Amata which own most of the surface rights in the Project area The Company has also initiated contacts with neighbouring communities and local authorities to inform them about the nature and status of the Project an environmental consulting company based in Lima to complete baseline studies and prepare and environmental impact assessment (the Declaracion de Impacto Ambiental - the ‘DIA’) which is a key requirement for the drill permit application INSIDEO has completed all related fieldwork originally planned and all studies related to the biological baseline For Investor Relations enquiries, please contact +1 833 923 3334 (toll free) or via info@turmalinametals.com and Our Projects: Turmalina is a TSXV-listed exploration company focused on the Colquemayo gold-copper project in South America Turmalina is led by a team responsible for multiple gold-copper-silver discoveries Forward Looking Statement: This news release includes certain statements that may be deemed “forward-looking statements” that address events or developments that the Company expects to occur Forward-looking statements are statements that are not historical facts and are generally Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements Forward looking statements in this news release include the closing of the Name Change Factors that could cause the actual results to differ materially from those in forward-looking statements include the receipt of regulatory approvals continued availability of capital and financing and economic conditions in Argentina and Peru where the Company’s mineral exploration properties are located Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements Forward-looking statements are based on the beliefs estimates and opinions of the Company’s management on the date the statements are made Except as required by applicable securities laws the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs Qualified Person: All scientific and technical information in this news release has been approved by Dr who serves as the Qualified Person (QP) under the definition of National Instrument 43-101 Dr Wolfe has conducted a review of historic data at the project reviewed the Company’s due diligence study of the Project and has conducted an independent QA/QC review of historic drilling assays and consents to the inclusion of this information in the form and context in which it appears Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release or has in any way approved or disapproved of the contents of this press release Already have an account? Login Jaguar Mining ( (TSE:JAG) ) has shared an update reported a decrease in gold production for the first quarter of 2025 producing 9,923 ounces solely from the Pilar mine down from 16,177 ounces in the same period last year due to the suspension of operations at the Turmalina mine the Pilar mine showed improved performance with a 6% increase in production and a 15% improvement in head grade The company is actively working on development and drilling at the Pilar mine to increase production and offset the loss from Turmalina The incident at Turmalina highlighted the safety and environmental benefits of dry-stack tailings disposal with no injuries or significant environmental impacts reported Jaguar is also advancing rehabilitation work at the Santa Isabel mine to initiate a test mining program aiming to deliver Paciência tonnes to the Caeté plant by the third quarter of 2025 According to Spark, TipRanks’ AI Analyst Jaguar Mining’s strong balance sheet and improved cash flow are significant strengths though profitability challenges weigh on the overall score Corporate events such as increased mineral reserves offer positive long-term growth prospects the bearish technical indicators and poor valuation metrics reflect current market skepticism To see Spark’s full report on TSE:JAG stock, click here Its operations are centered around the Pilar and Turmalina mines with a market focus on gold extraction and production See more insights into JAG stock on TipRanks’ Stock Analysis page Disclaimer & DisclosureReport an Issue Jaguar Mining ( (TSE:JAG) ) has shared an update According to Spark, TipRanks’ AI Analyst Disclaimer & DisclosureReport an Issue 2024 (GLOBE NEWSWIRE) -- Turmalina Metals Corp 3RI-FSE) is pleased to provide an update on the Company’s projects and operations including the Colquemayo Project in Peru where access agreements with the local communities have recently been finalized allowing the commencement of initial fieldwork for environmental and social baseline studies The Company is focussing its efforts to advance the recently acquired Colquemayo project (see press releases of July 3rd and September 3rd where initial environmental studies are now underway and the drill permit process is progressing The Company has established and maintained contact with the communities of Palcamayo and Amata whom own most of the surface rights in the project and these communities have now granted access for initial fieldwork to establish an environmental baseline to advance the environmental studies and the application for the Declaración de Impacto Ambiental (the “DIA”) which is required to permit drilling at the property INSIDEO started field work on December 3rd collecting soil and water samples and conducting air quality and noise control measurements to build the baseline the exploration team has received 15,000 m of drill core from drill holes completed by Compania De Minas Buenaventura SAA (the optionor) at Colquemayo and is currently relogging the core to create a geological model that will serve as the base for the planning of the next drilling phase Turmalina is currently considering several alternatives to monetize or advance the San Francisco project in San Juan province The project has several drill pads ready to continue drill testing the epithermal veins which have returned gold mineralization across 11.3 km of prospective vein strike Website: turmalinametals.comAddress: #1507 - 1030 West Georgia St About Turmalina Metals and our projects: Turmalina Metals is a TSXV-listed exploration company focused on developing our portfolio of high-grade gold-copper-silver projects in South America Turmalina Metals is led by a team responsible for multiple gold-copper-silver discoveries Our projects are characterised by open high-grade mineralization on established mining licenses that present compelling drill targets The principal project held by Turmalina is the San Francisco project in San Juan For further information on the San Francisco Project refer to the technical report entitled “NI43-101 Technical Report San Francisco Copper Gold Project 2019 under the Corporation’s profile at www.sedarplus.ca Forward looking statements in this news release include statements related to TSXV approval of the Company’s acquisition of the Option and the Option Agreement Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices Dr Wolfe has conducted a review of historic data at the project Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release or has in any way approved or disapproved of the contents of this news release New Age Metals is a green metals, mineral exploration company focused on the exploration and development of platinum group metals and lithium. The Company is completing a Pre-Feasibility Study on its flagship River Valley PGM Project, one of the largest... LEARN MORE It looks like nothing was found at this location Jaguar Mining (TSX:JAG) has suspended operations at its Turmalina mine in Minas Gerais because of a slump in the north wall of its nearby Satinoco tailings pile An inspection on December 7, 2024, revealed “areas of concern” at Satinoco, according to Monday’s news release prompting the evacuation of Jaguar personnel and the relocation of 134 nearby community members to local hotels before the slump occurred outdoor storage areas and an emergency escape exit Jaguar management didn’t provide a timeframe for returning to production but estimates that necessary repairs will extend into at least January 2025 Jaguar Mining is a gold mining development and exploration company operating in Brazil The company holds a portfolio of three gold mining complexes and a large land package with significant exploration upside Jaguar’s flagship operating assets – the MTL mining complex (Turmalina mine and plant) and the Caeté mining complex (Pilar and Roça Grande mines and Caeté plant) – reside in The Iron Quadrangle which contains world-class multi-million-ounce gold deposits The company holds the second-largest gold land position in the Iron Quadrangle with over 41,000 hectares Jaguar Mining stock (TSX:JAG) is down by 22.19 per cent on the news trading at C$2.84 per share as of 11:02 am ET The stock has added 43.43 per cent year-over-year and 118.46 per cent since 2019 Join the discussion: Find out what everybody’s saying about this gold stock on the Jaguar Mining Inc. Bullboard and check out the rest of Stockhouse’s stock forums and message boards The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here (Top photo of Jaguar Mining’s Turmalina mine in Brazil: Jaguar Mining) Get the latest news and updates from Stockhouse on social media 2024 (GLOBE NEWSWIRE) -- Turmalina Metals Corp 3RI-FSE) is pleased to provide an update on ongoing surface work at the Company’s 403 km2 San Francisco project located in the prolific mining province of San Juan Argentina (the “Project” or “San Francisco”) Following the discovery of the high-grade epithermal gold vein system at Veta Rica (see announcement dated October 10th 2023; Figure 1) our exploration team has identified numerous new mineralized targets in the vicinity of Veta Rica and as far as 12 km north - highlighting the extent and scale of mineralization at this exciting new epithermal camp Heavy equipment has now been mobilized to prepare drilling platforms access roads and transect target mineralized structures Our teams have identified three new vein systems in the vicinity of Veta Rica namely: Veta Blanca These are new areas in addition to the Destino and Machete veins and the Tiki-Tiki Breccia that were discovered after drilling at the Veta Rica discovery and were described in the news release of 15 November 2023 (Figure 2) The historic Tocota vein area has also been mapped and sampled with encouraging results: Tocota is located 12 km to the north of Veta Rica and represents a northern extension of mineralized veins and structures in this mineralized belt We are currently advancing seven vein systems within a recognized epithermal gold belt The Project area is situated 70 road kilometers north of Austral Gold's Casposo mine the closest similar epithermal gold system to our Veta Rica discovery Casposo produced 283,000 oz of gold and 9.6 M oz of silver with average grades of 4.8 g/t Au and 183 g/t Ag between 2011 and 2015 and another 32,000 oz of gold and 3 M oz of silver between 2017 and 2019 before the mill was placed back into care and maintenance (2017-2019 Austral Gold Annual Reports) The historic epithermal district of Castaño Viejo is also located 20 km to the south of Veta Rica: Castaño Viejo was operated by the National Lead Company S.A between 1956 and 1964 with an estimated reserve of 614,000 t @7.4% Pb 0.15% Cu and 72 g/t Ag (Angeleli 1984; Figure 1) The seven vein systems that we are currently exploring are: “The continued success of our exploration team in expanding the mineralized footprint of this newly discovered epithermal vein camp in San Juan Argentina is a testament to the potential of our project It is in a very accessible area of a prolifically-mineralized and pro-mining Province of Argentina.” Figure 1: Regional view to the east showing the block of properties controlled by Turmalina Metals with the main targets already drilled and drill targets for next campaign (red stars) Surface works are ongoing with the recent arrival of a bulldozer to the site to prepare drill pads access roads and support exploration with trench works The Company announces it has granted 150,000 restricted stock units (“RSUs”) to officers and consultants of the Company under the terms of the Company’s restricted share unit plan (the “RSU Plan”) and which have a two-year vesting period The 40,340 ha San Francisco project is located in the pro-mining province of San Juan a country where there are currently 12 operating mines 5 in construction and 20 in pre-feasibility/feasibility stage The project benefits from well-developed infrastructure and is 130 km northeast of the regional capital San Juan The San Francisco Project was assembled around one of the highest-grade tourmaline breccias of the same name The land position at San Francisco was expanded in 2022 and now includes multiple mineralized targets including more than 60 breccias intrusion-related gold and epithermal vein-type targets Initial exploration efforts at San Francisco were focussed on breccia mineralization Through the Company’s extensive exploration work the project has greatly expanded into highly prospective areas containing a number of veins While the San Francisco breccia pipe remains one of the highest-grade tourmaline Cu-Au breccia pipes ever discovered (see select results in Table 1) the Company is most excited about the exploration potential for high-grade gold-silver and polymetallic vein types and other mineralization styles The Veta Rica discovery exemplifies the style of epithermal mineralization commonly found in the district Turmalina has developed an operational centre in the village of Villa Nueva where the local community welcomes new exploration efforts in the region Turmalina has several option agreements to acquire 100% of certain titles of the SFDLA project and a right to explore and exploit other titles from the government of San Juan Table 1: Selected highlight of previous Company drilling at the San Francisco Breccia Pipe *Intersections are not true widths and additional drilling and geological modelling of the mineralized zones in the breccia pipes is required to determine the true widths of the drill hole intersections Intersections are selected based on a 0.5 g/t Au or 0.3% Cu cut-off grade a minimum downhole length of 2m and a maximum waste inclusion of 2 consecutive meters Equivalent gold (AuEq) and equivalent copper (CuEq) values are calculated assuming 100% recovery using USD$ 1770 oz Au Results from the drilling on this project can be found in Company News releases with the following dates: March 23 Website: turmalinametals.com Address: #1507 - 1030 West Georgia St For Investor Relations enquiries, please contact Highland Contact at +1 833 923 3334 (toll free) or via info@turmalinametals.com Sampling and Analytic procedure: Turmalina Metals follows systematic sampling and analytical protocols which exceed industry standards and are summarized below geologists choose the best place to collect a sample based on local geology samples are broken from the outcrop and cleaned of vegetation and/or organic material Sample descriptions are recorded and the UTM coordinate taken with a hand-held GPS Samples are placed in a thick plastic bag and a pre-numbered sample tag placed in the bag Sample mass is typically in the range of 3 to 5 kilograms The outside of the bag is marked with permanent marker for easy reference An aluminium tag with the sample number is placed at the location from where the sample was collected Turmalina Metals independently inserts certified control standards coarse field blanks and duplicates into the sample stream to monitor data quality (‘QA/QC’ samples) These QA/QC samples are inserted “blindly” to the laboratory in the sample sequence prior to departure from the Turmalina Metals core storage facilities For rock chip samples 4 QA/QC samples are inserted into each 80-sample dispatch: 1 blank sample The assay results for the QA/QC samples are checked and verified by the project geologist and the Qualified Person All such QA/QC assay results from sample dispatches reported in this news release have been found to be within acceptable industry limits and the Qualified Person is not aware of any sampling recovery or any other factors that could materially affect the accuracy or reliability of the data technical and analytical data contained in this news release pertaining to the San Francisco project has been reviewed and approved by Dr Forward Looking Statement: This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law Forward-looking statements are frequently characterized by words such as "anticipates" or statements that certain events or conditions "may" or "will" occur Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks (including those risk factors identified in the Corporation’s prospectus dated November 21 2019) and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements and expressly disclaims any intention or obligation to update or revise any forward-looking statements except as expressly required by applicable law Figure 2: San Francisco project mining rights and the main prospects Red stars show the targets to be drilled in the next campaign Figure 3: Location of Veta Rica and other targets discussed in this press release: exploration over the past 12 months has discovered a large number of epithermal veins around the initial Veta Rica discovery Figure 4: Veta Rica with location of discovery holes SFDH-078 and 079 and planned follow up drill holes Figure 5: Veta Blanca intermediate sulphidation epithermal vein Figure 6: Veta Blanca: a) Three meter wide quartz-rich vein outcrop which returned a rock chip assay of 1.48 g/t Au b) c) and d) Examples of colloform and crustiform banding between dark grey silica and quartz with bladed/lattice textures that are indicative of boiling in near-surface epithermal systems along with brecciation indicating multiples pulses of injection with roads and recently prepared drill pads Figure 8: The Veta 21 quartz-tourmaline vein system has been traced over a 1.2 Km strike length with rock chip gold assays of up to 44.2 g/t Au with sub-outcrop of quartz-tourmaline vein Gold mineralization is focused within iron oxides along the brecciated margins of the vein b) Rock chip sample of quartz-iron oxide breccia from vein margin that returned 5.2 g/t c) Rock chip sample of brecciated quartz vein with a jarosite-rich matrix that that returned 21.1 g/t Au with rock chip gold assays of up to 6.2 g/t Au The Canadian gold producer says it has constructed a containment dike to collect contaminated rainwater Authorities in Brazil have forced the Canadian precious metals company Jaguar Mining Inc (TSE: JAG) (OTCMKTS: JAGGF) to halt operations at its Turmalina mine The decision followed a major tailings pile landslide catastrophe that prompted hundreds of residents to evacuate the area 7 when a “slump in the north wall” containing the mine waste gave out and damaged essential infrastructure at the site The hazardous material was dispersed throughout a distance of approximately 250 metres from where the slide originated but Brazil’s Ministry of Labor is concerned that additional collapses in the tailings structure may be impending As mine tailings can contain harmful substances like lead the environmental implications are quite concerning Jaguar issued a statement on social media explaining that it had “completed the emergency works related to the landslide of the tailings/waste pile” and built a containment dike to trap contaminated rainwater sediments the company said that a total of 255 people from 97 families had to be relocated after the incident and that there are 162 vacant buildings in the neighbouring community The damage associated with the failure also prompted the Public Prosecutors Office of Minas Gerais to file a lawsuit against the company for the damage and the perceived negligence causing it It wants to freeze approximately US$47.25 million in Jaguar’s bank account for the environmental harm and work that will be involved with fixing the issue Photo credit: Public Prosecutors Office of Minas Gerais Jaguar shares dropped by over 29 per cent when news of the “Santinoco” tailings pile incident first broke The Turmalina operation was an essential section of the company’s broader MTL Complex but that is no longer the case for the time being The underground mine churned out over 33,000 ounces last year accounting for approximately 50 per cent of Jaguar’s annual yield The MTL Complex Turmalina is situated in contains the Faina Read more: Golden conservation: Calibre environment leaders rendezvous to discuss achievements and goals Read more: Calibre Mining finds high grade gold mineralization outside of its Valentine Mine resource The costs associated with this are currently uncertain but it is safe to say that the damage will be quite damaging to the company’s balance sheet The gold miner will be expected to carefully remove several tons of tailings and waste rock from the adjacent town and surrounding area of Turmalina Jaguar is required to pay for accommodation expenses associated with the temporarily displaced townsfolk the sum sought by the Public Prosecutors Office should its lawsuit be successful in upcoming legal proceedings It is uncertain when Turmalina will be operational again Follow Mugglehead on X Like Mugglehead on Facebook Follow Rowan Dunne on X Δdocument.getElementById( "ak_js_1" ).setAttribute( "value" The once-in-a-lifetime find is estimated to be worth up to C$470K They will have a 39% stake once Equinox completes the takeover Investors sunk an additional US$21 billion into gold ETFs during the quarter The company's current refining capacity in Montana isn't adequate to meet demand Solstad Offshore has won multiple offshore vessel contracts from unnamed clients in Brazil with a combined value approaching $53 million The Normand Topazio anchor-handling tug supply (AHTS) vessel has a one-year contract that was due to start this month in direct continuation of the vessel’s current contract has a similar arrangement that is due to take effect in November The Normand Cutter construction support vessel owned by Solstad Maritime (Solstad Offshore 27%) has a nine-month contract for subsea construction work that was due to start this month ("Jaguar" or the "Company") (TSX:JAG) provides an update on its remediation efforts and progress made since a slump occurred in the north wall of the Satinoco dry-stack (waste rock and tailings) pile at its Turmalina mine as initially announced by the Company on December 9 Operations at the Turmalina mine remain temporarily suspended while the Company works constructively with the Brazilian National Mining Agency and other authorities The Turmalina mine is part of the Company's MTL mining complex located in the state of Minas Gerais approximately 130 kilometers northwest of the city of Belo Horizonte The Company's Pilar mine in Brazil remains operational the Company installed geological radars to monitor the Satinoco pile additional radars were installed to track any movement of the full pile Four sumps were also constructed to manage water runoff around the slumped material which is important given the start of the rainy season in the region no significant movement has been detected in the pile The lateral extension of the slumped material damaged seven houses in the adjacent Casquilho community which was evacuated ahead of the slide occurring approximately 85 families have been relocated to temporary accommodations The Company will continue to support these families until they can return to their homes or other permanent arrangements have been made To ensure the adjacent community is protected from potential further movement of the slumped material the Company has constructed a 400-metre-long containment barrier This barrier was constructed within seven days of the slide using waste rock that was stockpiled nearby The return of residents to their homes will be dependent on assuring the future safety of the area FIGURE 1 - The 400-metre-long containment barrier built around the slumped material to prevent any further movement and protect the adjacent community The Company also reports that waterways in the area have not been impacted The Company continues to work diligently to minimize the impact to the environment and to ensure the safety of all personnel working to stabilize the pile Planning efforts are focused on ensuring long-term stability of the pile All actions and future plans are being coordinated between Jaguar personnel and third-party specialists hired by the Company The Company is still evaluating the timing and cost to resume operations Next steps will include removing the material that slumped off the pile as well as beginning the process of removing material from the remaining pile to ensure its long-term stability The Turmalina mines infrastructure is reparable and resumption of operations will be based on ensuring future stability and safety of the area as well as the repair to affected infrastructure The Company has reduced expenses at the MTL complex which are trending toward care-and-maintenance levels The Company is also developing plans to relocate some personnel and equipment from the Turmalina mine to its other two nearby mines the operating Pilar mine and the Santa Isabel mine where a test mining project is planned The Jaguar team remaining at the MTL complex will continue to focus on managing community relations It is possible that both civil and criminal lawsuits could arise from this incident and historic precedents indicate that fines are likely to be imposed The Company does not know what the scale of these fines could be but believes that its rehabilitation efforts in the area to-date responsible work with local communities and agencies may potentially impact the level of any future fines Based on prior incidents involving other companies in Brazil the Company anticipates that any fines imposed on it would likely be paid in instalments over an extended timeframe CEO of Jaguar Mining stated: "Our team is working diligently to ensure the safety and comfort of all community members affected by this incident We are thankful for the help and support of our local and federal agencies and will continue to work in partnership with all authorities to resume operations at the mine as soon as it is safe to do so While we recognize the social impacts of this incident on our neighbors and community we are extremely grateful that there were no injuries and that there have been no significant impacts to the environment We also thank the affected community members for working in collaboration with our team We were entering 2025 with plans for significant growth While these growth plans will now be delayed we expect to fully recover and be back on track for significant growth looking ahead to the next five years we are confident we can expand additional development and diamond drilling capacity as we reallocate resources and equipment from the Turmalina mine Pilar is a lower-cost operation and therefore we aim to produce more profitable ounces to offset overall lower production levels in 2025 We are starting the new year in a solid position with a strong inventory of resources and reserves which is partially developed and ready to come online as well as the recently acquired Onças de Pitangui project where we continue with permitting and development which is being opened up and will contribute higher-grade ounces to our production We continue to benefit from strong gold prices and a beneficial exchange rate and have a cash position that has grown since the end of the third quarter where our balance was approximately US$42.0 million We expect that all of these factors will help us recover and build a stronger company going forward." The Iron Quadrangle has been an area of mineral exploration dating back to the 16th century The discovery in 1699-1701 of gold contaminated with iron and platinum-group metals in the southeastern corner of the Iron Quadrangle gave rise to the name of the town Ouro Preto (Black Gold) The Iron Quadrangle contains world-class multi-million-ounce gold deposits such as Morro Velho Jaguar holds the second largest gold land position in the Iron Quadrangle with over 41,000 hectares Forward-looking information involves a number of known and unknown risks and uncertainties including among others: the risk of Jaguar not meeting the forecast plans regarding its operations and financial performance; uncertainties with respect to the price of gold environmental compliance and change in environmental legislation and regulation weather delays and increased costs or production delays due to natural disasters procurement and delivery of parts and supplies to the operations; uncertainties inherent to capital markets in general (including the sometimes volatile valuation of securities and an uncertain ability to raise new capital) and other risks inherent to the gold exploration may cause actual results to differ materially from those anticipated by the Company and described herein there are risks and hazards associated with the business of gold exploration industrial accidents and workplace safety problems unusual or unexpected geological formations procurement fraud and gold bullion thefts and losses (and the risk of inadequate insurance readers should not place undue reliance on forward-looking information Already have an account? Sign in here Mining Magazine provides comprehensive technical insight into mining operations It aims to inform and support mine management in decision-making regarding mining techniques each focused on a key discussion point for the mining sector brought to you by the Mining Magazine Intelligence team MMI Future Fleets Report 2025 looks at how companies are using alternative energy sources to cut greenhouse gas emmissions Exclusive research for Mining Magazine Intelligence Automation and Digitalisation Report 2024 shows mining companies are embracing cutting-edge tech The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies it assesses each company across 9 meticulously weighted indicators within 6 essential pillars A comprehensive review of exploration trends and technologies highlighting the best intercepts and discoveries and the latest initial resource estimates Aspermont Media is a company registered in England and Wales 3RI-FSE) is pleased to provide an update on the Company’s recently announced (press release of July 3 2024) Option to acquire 100% of the Colquemayo Project in Peru (the “Option”) “The combination of advanced alteration and significant mineralization on surface and in previous drilling at the Colquemayo project represents an excellent opportunity for Turmalina to create shareholder value by advancing the exploration of this exciting new asset.” Turmalina Director and previous Minister of Energy and Mines “Continuing with our policy of proactive relations with authorities and community leaders we have held informative meetings with said stakeholders to inform them we wish to maintain a positive relationship with them to build trust and permanent communication as we advance the project.” meetings with the local communities and local authorities as well as the commencement of a data and core review During this period a detailed core review will be undertaken to build geological models for the breccia bodies with significant historic drill intercepts “The Company’s exploration team has previous experience in successfully exploring for similar deposits In the last few weeks significant advances have been completed in the validation and assessment of the available data base Next month we will start the systematic core review and field work to validate drill targets to be tested.” Exploration will also focus on areas in the property outside the three centres of hydrothermal alteration identified and drill tested to date In some of these areas argillic and advanced argillic alteration have been recognized locally with limited exposure because of overlying lower temperature alteration assemblage (chlorite These areas may represent less eroded parts of epithermal systems with potential for definition of new hydrothermal centres for initial drilling Additional geophysics to cover the remaining part of the property will also be considered The road accessible Colquemayo Cu-Ag-(Au) Project lies between 4,300 and 4,800 masl and is located in General Sanchez Cerro province in Moquegua department near the border with the Arequipa department The project is situated in the late Miocene to Pliocene epithermal belt to the east of the productive Cu-Mo Paleocene to Eocene porphyry belt hosting the copper mines of Cerro Verde and to the west of the Au-Ag Late Miocene to Pliocene epithermal belt with important projects and mines such as San Gabriel and the Aruntani mining district (>2 Moz Au produced) Previous work by Rio Tinto and Buenaventura between 2003 and 2014 includes ~27,000 m of diamond drilling across 80 holes detailed geological mapping and intensive surface geochemistry with ~9,800 rock chip and ~1,500 channel samples Detailed topography (1 m resolution) and geophysical surveys (magnetometry chargeability and resistivity) have been completed at two of the hydrothermal centres identified to date Alteration mapping shows the zonation typical of a high-sulphidation epithermal system including argillic alteration with kaolinite and dickite advanced argillic alteration with quartz and alunite along with zones of massive and vuggy silica Several phreato-magmatic and hydrothermal breccias with significant gold values have been identified Several kilometer scale hydrothermal targets have been identified to date namely the Amata and Yanarico which represent exceptional exploration targets for Turmalina   Dr Wolfe has conducted a review of historic data at the project CopperEx Resources is a copper and gold exploration company focused on porphyry Cu-Au exposure in Chile and Peru on world class mineral belts between producing mines with two highly prospective properties. The company's flagship... LEARN MORE 2022 (GLOBE NEWSWIRE) -- Turmalina Metals Corp 3RI:FSE) is pleased to provide an update of results from ongoing exploration at the San Francisco de Los Andes Project (“San Francisco” or the “Project”) Exploration efforts since April 2022 have been focused on defining and progressing additional targets outside of the well-mineralized San Francisco breccia and the breccia targets tested in the Company’s 2021 drill program Mining rights consolidation also continued during this time and the Company has expanded its land holdings by 5,840 ha (17%) to a total area of 40,340 ha (Figure 1) The work from the technical team has identified seven priority targets for follow up A summary of the exploration efforts are detailed in Table 1 and Figures 2 and 3 which illustrate the distribution of veins and breccias in the northern portion of the project and arsenic results in soil geochemistry “The exploration team in Argentina has been diligently advancing the San Francisco project under the leadership of Chico Azevedo.” stated CEO James Rogers “We have amassed a dominate and highly prospective land position in one of the most active mining jurisdictions in Argentina and are advancing multiple diverse targets towards being drill ready in 2023.” The Company has begun planning a drill program to test the priority targets Table 1: Current exploration targets at the San Francisco project Intrusion-related gold and silver mineralisation at Tres Magos is hosted in areas of intense quartz stockwork hosted in strongly sericite-altered granodiorite (Figure 4) Areas with continuous gold and silver grades (i.e 12m @ 7.1 g/t Au & 115/t Ag) can reach up to 15 metres and are limited by the current level of exposure (Figure 5) Multigram gold and silver values are common in channel samples with up to 22 g/t Au and 699 g/t Ag over 1 metre samples (Figures 6 and 7) Work planned includes opening road access and generating more exposures for continuous channel sampling to better map mineralised areas for drill planning composed of saccharoidal quartz and secondary lead carbonates Strong silver values are normally associated with high-grade lead mineralization with rock chip results of up to 3.5 g/t Au Veta Amarilla has characteristics similar to the old Castano Viejo district where intermediate sulphidation epithermal veins were mined in the past Figures 8 and 9 show the geological map of Veta Amarilla with the main gold and silver results An 80 m wide tourmaline breccia pipe with widespread copper oxides located at the contact between sediments of the Agua Negra Formation and the Tocota Granodiorite Rockchip sampling of the breccia has returned encouraging results of up to 3.3 g/t Au and 5.3% Cu (Figures 10 and 11) A 300m long quartz vein that is up to 8m thick The vein is comprised of saccharoidal quartz with hematite and boxwork after sulphides Brecciated (including microbreccias) zones occur along the contact with the granodiorite and the Northern and Southern veins that are approximately 700 to 800 m long: totalling over 3 km of veins Initial sampling along this extensive system has returned up to 2 g/t Au 411 g/t Ag and 5% Cu (Figures 13 & 14) The Don David project (Figure 15) hosts the Alumbrera carbonate-silica vein which has 1.8 km of strike length and is up to 20 m thick Abundant bladed calcite within the vein indicates a low sulphidation epithermal origin with extensive boiling These shallow boiling zones can form pockets of bonanza gold grades in colloform and crustiform quartz immediately beneath the bladed calcite zones Initial rock chip sampling has returned up to 0.47 g/t Au in colloform silica banding The Alumbrera vein is close to the Dios Protege and San Agustin vein systems: two formally mined vein systems that are located outside the licence Dios Protege and San Agustin are characterised by a deeper gold-bearing colloform and crustiform silica assemblage indicating that similar gold mineralisation may occur under the bladed calcite at Alumbrera Our drill program at Alumbrera will focus on the testing the vein at depth (Figure 16) Figures 17 and 18 show textures of the Don Guillermo and Alumbrera veins entered into an option agreement dated August 11 pursuant to which Aurora may acquire 100% of the Retamal and Don David tenements (totalling 1,195 ha) from arms-length vendors Don David is neighbour to the historic Castano Nuevo gold and silver mine which in the 1950’s processed low sulfidation epithermal mineralization Some of the mined veins continue onto the Don David mining rights The Company has agreed to pay US$1,565,000 incur US$750,000 of exploration expenditures and incur a minimum of 2,000 meters of drilling over a four-year period as described below: of which the Company has the right to purchase 1% (50%) for US$1,000,000 Amendment of El Tapau and Cerro Negro Agreements The Company has re-negotiated and amended the El Tapau and Cerro Negro option agreements which represent 3,404 ha of the Property The Company paid US$100,000 to the optionors of the El Tapau project and paid US$200,000 to the options of the Cerro Negro project (US$300,000 total) to extend the final payments (US$1,000,000 on each property) by one year to November 24 All other terms of the original option agreements remain the same The San Francisco de Los Andes (SFDLA) project is located in the pro-mining province of San Juan The SFDLA Project was assembled around one of the highest-grade tourmaline breccias ever discovered Limited shallow drilling and channel sampling at the SFDLA Breccia returned spectacular grades of 2-12 g/t gold and 0.3 to 3% copper over 20-40 m intervals The mineralogy and geological setting indicates that only the top of the breccia pipe has been exposed San Francisco de Los Andes is only one of over 60 breccia bodies mapped to date on the property Turmalina has developed an operational centre in the town of Villa Nueva Turmalina has several option agreements to acquire 100% of the SFDLA project The 677 ha Chanape copper-gold project is located approximately 87 km east of Lima and is accessed via 24 km of unpaved road from Turmalina’s operational centre in the town of San Damian The Project contains several strongly Cu-Au-Ag mineralised tourmaline breccia pipes that are clustered around a large Historical drill holes have confirmed mineralisation in breccia pipes and recent surface geological mapping have added new mineralised bodies for follow-up Turmalina’s work to date has been focused on interpreting historic work while mapping and sampling over 50 documented tourmaline breccias and epithermal veins at the project and drill-testing the best targets measuring 700 m by 200 m has also been identified as a potential target for bulk tonnage mineralisation hosting a gold anomaly that is coincident with a chargeability high (IP)" Turmalina has an option to acquire 100% of the Chanape Project Mr James Rogers Chief Executive Officer and Director Website: turmalinametals.comAddress: #488 - 1090 West Georgia St For Investor Relations enquiries, please contact Bryan Slusarchuk at +1 833 923 3334 (toll free) or via info@turmalinametals.com Sampling and Analytical procedure: Turmalina Metals follows systematic sampling and analytical protocols which exceed industry standards and are summarized below Drill core is collected at the drill site and transported by vehicle to the Turmalina core logging facility where recovery measurements are taken before the core is photographed and geologically logged The core is then cut in half with a diamond saw blade with half the sample retained in the core box for future reference and the other half placed into a pre-labelled plastic bag and identified with a unique sample number The core is typically sampled over a 0.5 to 1.5 metre sample interval unless the geologist determines the presence of an important geological contact the samples can have a minimum of 20 centimetres length For rockchip samples multiple rock fragments are broken off an outcrop using a geology hammer and combined to make a ~3kg sample Channel samples are collected as small contiguous rock chip samples over a 1m interval (in mineralised zones) or 2m interval (for areas adjacent to mineralisation) The channel samples for the interval are combined into one ~3kg sample All bagged samples are stored in a secure area pending shipment to the ALS laboratory in Lima where they are dried Following sample preparation the prepared pulps are then analysed using a 50g digested sample with fire assay-AA finish analysis for gold and four acid digestion with ICP-MS analysis for 53 other elements Samples with results that exceed maximum detection values for gold are re-analysed by fire assay with a gravimetric finish and other elements of interest are re-analysed using precise ore-grade ICP analytical techniques coarse field blanks and duplicates into the sample stream to monitor data quality These standards are inserted “blindly” to the laboratory in the sample sequence prior to departure from the Turmalina Metals core storage facilities   For both rockchip and channel samples 4 QA/QC samples are added per 80 sample dispatch to the assay laboratory: 1 blank sample 2 commercially-prepared standard samples of known composition and 1 control sample from the SF mine For drill core samples 8 QA/QC samples are inserted into each 70-sample dispatch: 1 blank sample 1 core duplicate sample and 1 control sample from the SF mine duplicate and control samples are verified and checked by the project geologist and the Qualified Person All such QA/QC assay results from sample dispatches reported in this news release have be found to be within acceptable industry limits analytical and technical data contained in this news release pertaining to the San Francisco and Turmalina projects has been reviewed There is no assurance when the government-imposed measures related to COVID-19 in Argentina and Peru will be lifted There is uncertainty over the form and duration of government measures and multiple policy changes may occur with regards to these measures over time The Company may not provide updates on various government measures and changes to these measures as they occur and the effects of the pandemic on service providers located throughout South America may lead to delays in the future reporting of results 2023 (GLOBE NEWSWIRE) -- Turmalina Metals Corp 3RI-FSE) is pleased to announce results from continued surface work at the Company’s 403 km2 San Francisco project located in the prolific mining province of San Juan Following the recent discovery of the high-grade epithermal gold vein system at Veta Rica (see announcement dated October 10th 2023) field work has focused on mapping and sampling the surrounding area This surface work has discovered multiple mineralized veins in the immediate vicinity of Veta Rica and has also discovered two new zones of similar epithermal mineralization located approximately two and four kilometres northwest of Veta Rica: the Machete and Destino systems respectively the exploration team quickly went to work and we have now greatly expanded the area of known mineralization at Veta Rica with the vein traced for over 700 m strike length and several parallel veins identified the team has already identified two new epithermal gold vein and breccia systems at Destino and Machete with high-grade gold rock chip samples at surface Turmalina is excited at the opportunity these nearby vein systems represent for our team to add value to our well positioned land package With these recent discoveries it is becoming clear we have discovered a new epithermal district in this established gold belt and we look forward to keeping the market informed of our exploration progress over the coming months in what is a very exciting time for the Company Figure 1: Regional view northwest showing the block of properties controlled by Turmalina Metals with the drill target locations drilled in this campaign and the previously drilled San Francisco Breccia The Project area is located within a known epithermal gold belt The nearest such epithermal gold system is located at Austral Gold’s Casposo mine 70 road kilometres south of the Veta Rica discovery The historic epithermal district of Castano Viejo is located 20 km to the south of Veta Rica (Figure 1) Castaño Viejo was operated by the National Lead Company S.A between 1956 and 1964 with an estimated reserve of 614,000t @7.4% Pb Drill planning and budgeting are underway for a 4,000 m diamond drilling program focussed on testing and expanding targets within the Destino and Veta Rica target areas Surface works are continuing with crews focussed on additional surface sampling and mapping   After receiving results of the current sampling program areas will be ranked and selected for trenching and construction of access roads prior to drilling breccias and gold in rock chip samples across the Veta Rica     Mapping and sampling have identified multiple mineralised veins at Veta Rica and mapping is currently underway to define a potential new target in the top right of the map (21 g/t Au) Figure 3: Veta Rica Surface map and sections showing drill holes and distribution of rock chip sampling of the Veta Rica vein Sampling 300 m west of the drill pads has returned grades of up to 27 g/t Au while samples 700 m west of the drilling has returned grades of up to 2.7 g/t Au Figure 4: Drone photo looking northwest showing 700 m strike length of Veta Rica select surface rock chip samples and established drill pads The Veta Rica vein remains open to both the west and to the east where it passes under shallow cover Figure 5: Photo of core in hole SFDH-078 and hand sample from outcrop at the extension along strike of Veta Rica: Brecciated crystalline quartz surrounded by intense sericite alteration with iron oxide and jarosite Figure 6: Examples of high-grade gold mineralisation in core samples and from an outcrop along strike from drilling at Veta Rica Mineralisation is hosted in crystalline quartz (commonly brecciated) with intense sericite alteration and hematite-goethite-jarosite Figure 7: Plan map of the newly discovered Destino vein and breccia system showing distribution of gold grades in rock chip samples that returned up to 22.2 g/t Au Gold mineralisation is hosted within both epithermal quartz veins and adjacent quartz-tourmaline breccias Figure 8: Photos of an epithermal vein at Destino Mineralization is hosted in epithermal quart veins (locally banded) and within intensely brecciated and sericite-altered granodiorite and diorite that hosted abundant hematite-goethite-jarosite veinlets The veins and gold mineralization are hosted in strongly sericite-altered granodiorite (a) with quartz veinlets (b) and portions brecciated with green/grey silica and iron oxides and jarosite Float in the area includes samples of finely banded silica and iron oxide (d) and breccia with matrix of crystalline quartz (comb texture) with fragments of finally banded silica and iron oxides after sulphides (e) For Investor Relations enquiries, please contact Highland Contact at +1 833 923 3334 (toll free) or via info@turmalinametals.com technical and analytical data contained in this news release pertaining to the San Francisco and Chanape projects has been reviewed and approved by Dr Figures accompanying this announcement are available at:  https://www.globenewswire.com/NewsRoom/AttachmentNg/af7df1f7-4e2c-4d1d-8ecc-9115807f9341 https://www.globenewswire.com/NewsRoom/AttachmentNg/d93214b3-ff8f-4c09-99f9-87976645831d https://www.globenewswire.com/NewsRoom/AttachmentNg/931719cc-a3ed-41b1-bdf0-c19768bc4117 https://www.globenewswire.com/NewsRoom/AttachmentNg/425e1ca0-6a47-4ea9-b2ac-98840e7036c4 https://www.globenewswire.com/NewsRoom/AttachmentNg/941bc07b-1de5-4bab-92fa-d2c7ce8249c0 https://www.globenewswire.com/NewsRoom/AttachmentNg/37579f0f-527f-4059-b86c-0164a6f9234d https://www.globenewswire.com/NewsRoom/AttachmentNg/4b8651d6-c6b6-4fcd-891f-f7ad8c908c0d https://www.globenewswire.com/NewsRoom/AttachmentNg/46ab988c-16cd-4a65-8f10-262f14d5f2c9 https://www.globenewswire.com/NewsRoom/AttachmentNg/22463aa7-caa3-4d53-b3f7-db20bdec530e 3RI-FSE) is pleased to announce the discovery of a high-grade gold vein system and a new copper-gold mineralized breccia pipe following the successful completion of 2,984 m of diamond drilling at the Company’s 403 km2 San Francisco project located in the prolific mining province of San Juan The recently completed 22-hole program included maiden drilling at 5 targets over the extensive project area (Figure 3) Initial mapping and sampling at Veta Rica defined a low-sulfidation epithermal quartz vein outcropping over 300 meters of strike length that returned rock chip assays of up to 56 g/t Au (Figures 1 & 5) Two holes were drilled from the same drill pad with both intersecting high-grade gold at depth (see core photos in Figure 4) including: Follow up mapping has defined a series of epithermal veins extending for up to 1.5 km Mapping is ongoing and the system remains open along strike and at depth The Project area is located within a known epithermal gold belt: The nearest such epithermal system is located at Austral Gold’s Casposo mine 283,000 oz of gold and 9.6M oz of silver with average grades of 4.8 g/t Au and 183 g/t Ag Between 2017 and 2019 another 32,000 oz of gold and 3 M oz of silver were produced before the mill was placed back into care and maintenance Figure 1: Veta Rica Surface map and sections showing drill holes Rock chip sampling of the Veta Rica vein 300m west of the drill target returned grades of up to 27 g/t Au The drilling program also tested the Ethan breccia pipe a large (~ 200 m long by 100 m wide; Figure 7) tourmaline breccia pipe that returned strong surface trench assays (i.e Two reverse circulation (RC) and three diamond holes were drilled at the Ethan Breccia These scout holes intercepted the strongest tourmaline breccia mineralization discovered to date at the Project outside of the high-grade San Francisco breccia “We are very pleased to announce that the San Francisco project has delivered Turmalina an exciting development with the discovery of high-grade gold in the extensive Veta Rica epithermal vein system This mineralization is similar to that of several epithermal mines located along-strike of our project   Ony two holes have been drilled into this new discovery and both holes have returned grades of over 17 g/t Au Ongoing surface work has already extended the strike length of the vein system from 300 m to over 1.5 km To have intercepted high-grade gold veins in such a prolific epithermal gold district continues to demonstrate the value of our large land package in San Juan: the largest gold producer and most mining-friendly state in Argentina “While the San Francisco breccia pipe is an outstanding high-grade asset we are pleased to add the Ethan Breccia to our portfolio of mineralized breccias It’s encouraging to see the strong copper mineralization in shallow drilling at Ethan a breccia pipe that is nearly four times the width of the San Francisco pipe and our team is currently reviewing and modelling the results.” Figure 2: Veta Rica discovery hole drill core being examined by CEO James Rogers Three other prospects were tested during the program Eight holes were drilled to test intrusion-hosted stockwork veining at Tres Magos returning multiple short intervals of Ag-Pb-Zn±Cu-Au mineralization (i.e Three holes were drilled to test intermediate sulfidation epithermal veins at Veta Amarilla which returned short intervals of Ag-Au-Pb-Zn mineralization (i.e Three holes testing low sulfidation epithermal quartz veins at Veta Alumbrera did not return any significant results Intersections for all prospects are listed in Table 2 Figure 3: Map showing the block of properties controlled by Turmalina Metals with the drill targets locations drilled in this campaign and the San Francisco Breccia the project has greatly expanded into highly prospective areas containing a number of vein The Turmalina technical team is currently in the field continuing surface work on the new Veta Rica discovery along with other nearby targets A follow up diamond drilling program is currently being planned to further test the Veta Rica target along strike and at depth Our team is also currently modelling the Ethan Breccia discovery with an aim of designing follow-up drill holes in this large breccia system The Company announces that it has granted options to acquire a total of 1,225,000 common shares of the Company to officers pursuant to the Company's Stock Option Plan at the exercise price of $0.35 per share for a period of five years the Company has granted 5,400,000 restricted stock units (“RSUs”) to officers For Investor Relations enquiries, please contact Highland Contact at +1 833 923 3334 (toll free) or via info@turmalinametals.com drill core is collected at the drill site and transported by vehicle to the Turmalina core logging facility in Villa Nueva where recovery measurements are taken before the core is photographed and geologically logged The core is typically sampled over a 0.5 to 1.5 meter sample interval unless the geologist determines the presence of an important geological contact The bagged samples are then stored in a secure area pending shipment to the ALS laboratory in Lima where they are dried Following sample preparation the prepared pulps are then analysed using a 50g digested sample and fire assay-AA finish analysis for gold and four acid digestion with ICP-MS analysis for 53 other elements Figure 4: Veta Rica drill core from drill hole SFDH-079 with gold grades (g/t) Figure 5: Follow up mapping and sampling at Veta Rica area has already defined a series of quartz veins along-strike and in parallel to the drilled outcrop This low sulfidation epithermal system has been mapped up to 1.5km from the drill site and remains open along-strike and at depth Detailed sampling of all veins is underway Figure 6: Photographs from the current Veta Rica sampling program (locations in Figure 4): (1) low sulphidation epithermal quartz vein hosted in strongly sericite-altered granodiorite (2) ) Quartz vein displaying strong boxwork texture (hematite and jarosite) after weathered sulphides Figure 7: Geological map of the Ethan breccia with samples and drill hole locations Drilling has shown that the two lobes mapped at surface represent one breccia body measuring 200m by 100 m at the surface Figure 8: Cross section at the Ethan Breccia Hole SFDH-63 was drilled parallel to hole SFRC-061 which was lost at 69m and had intersected 31m @ 0.66% of CuEq The Company is currently modelling the distribution of grade in this large breccia body Figure 9: Cu-Au breccia mineralization at Breccia Ethan (A) Typical quartz-tourmaline-pyrite-chalcopyrite-chalcocite breccia (SFDH-063 (B) Strong malachite staining of a quartz-tourmaline breccia From a 0.9m long sample that returned 0.79 g/t Au Photographs are of a selected interval and is not necessarily representative of mineralisation hosted throughout the property Table 2:   Significant drillhole intersections from 2023 drilling at the San Francisco Project Equivalent gold (AuEq) and equivalent copper (CuEq) values are calculated assuming 100% recovery using USD$ 1860 oz Au Table 3: San Francisco RC and diamond drill hole locations and targets included in this release Holes listed but not reported in Table 2 returned no significant results Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d5a5cbfc-4276-44db-a26e-6adeb8b3e707 https://www.globenewswire.com/NewsRoom/AttachmentNg/b395b642-f77e-41ce-9356-e67f510087bc https://www.globenewswire.com/NewsRoom/AttachmentNg/4ab4266d-512d-4596-b4ec-12b8c2b7f27c https://www.globenewswire.com/NewsRoom/AttachmentNg/5d03bd30-9138-42f8-90db-ff7d489b9f98 https://www.globenewswire.com/NewsRoom/AttachmentNg/a1ca2960-23c1-4d44-ba7a-27f01440864a https://www.globenewswire.com/NewsRoom/AttachmentNg/53748dbc-288a-4109-9c6e-8d688f45d93f https://www.globenewswire.com/NewsRoom/AttachmentNg/a696be12-be2e-484a-9d4a-33fa3fa3c91c https://www.globenewswire.com/NewsRoom/AttachmentNg/001c83a4-efb7-4f6e-bd2f-c28202742391 https://www.globenewswire.com/NewsRoom/AttachmentNg/4ee8cad2-4065-4733-b3e8-2dea36362895 Turmalina is an underground gold mine in Minas Gerais in the southeastern part of Brazil The gold mine complex comprises the Turmalina underground mine and Turmalina mill The mine is owned and operated by Jaguar Mining which acquired the mine from AngloGold Ashanti in September 2004. The feasibility study for the project was completed in August 2005 and the first gold pour was achieved in January 2007 Jaguar Mining is implementing a turnaround plan at the mine to increase gold production from the project to 15,000oz a quarter by the end of 2020 The mine is currently producing from Orebody A and Orebody C An infill drilling programme was completed in 2019 confirming expected modelled grade and thickness of the two orebodies The Turmalina mining site is situated approximately 130km north-west of Belo Horizonte The mine is accessible from Belo Horizonte via the BR-262 and MG-423 highways connecting the town of Pitangui The Turmalina deposits are situated in the Iron Quadrangle which was the prime region for hard rock gold mining in Brazil until 1983 The historical production from the region was around 40% of the total gold produced in the country is underlain by the rocks of Proterozoic and Archaean age The deposit is composed of biotite and chlorite-amphibole schist units The deposits are considered to be mesothermal epigenetic deposits surrounded by host rocks that have undergone amphibolite-grade metamorphism Mineralisation of gold is epigenetic and exists in the form of fine grains associated with sulphides in sheared schists and sequences of banded iron formations The location features several tabular bodies that are grouped together into Orebodies A The gold particles from the deposits are associated with quartz Jaguar Mining intercepted gold mineralisation at Orebody C through growth exploration drilling the Turmalina gold mine was estimated to contain 1.4 million tonnes (Mt) of proven and probable reserves graded at 5.05g/t of gold The contained metal is estimated to be 228,000oz of gold The reserves estimate represents a mine life of more than four years based on a production rate of 50,000oz a year The Turmaline gold mine employs sub-level stoping mining method with rockfill and paste fill The company earlier used the mechanised cut and fill method in some areas of the mine The operator is targeting a production increase through three new production mining panels. The project will incorporate design and systematic sequencing for the new mining panels It aims to address the issue of ore loss by carrying out improvements in drill-and-blast quality control and employing cemented paste fill in wide zones of the orebody The produced ore from the mine is processed at the nearby carbon-in-leach (CIL) processing plant that has a nominal capacity of 2,000 tonnes per day (tpd) The processing method includes two-stage crushing and screening The tailings are transported to a detoxification unit where they undergo arsenic removal and cyanide destruction The tailings will then reach the paste fill plant where they are utilised for mine backfill materials or sent to a designated area for storage in dry stacks The existing infrastructure at the site includes a processing plant and an area for the disposal of tailings The electricity required to support mine operations is sourced from the national grid Jaguar Mining carried out infrastructure improvements including the upgrade of a ventilation system to the ramp bottom and a ventilation raise The operator installed underground pumping stations and an electrical substation in the deepest zone and extended paste fill distribution system to Orebody A level 12 Turmalina site was developed into a zero-discharge facility by optimising tailings supernatant and improving evaporation and water treatment methods The company bought new equipment to support the plan to boost production at the mine in 2019 Roscoe Postle Associates performed an independent review of the feasibility study for the project The company also prepared the technical report for the mine Tierra Group developed the water management plan while Major Drilling was contracted for drilling operations at the mine Give your business an edge with our leading industry insights View all newsletters from across the GlobalData Media network Switchboard +47 52 85 65 00 Solstad Offshore ASA (Solstad) is pleased to announce multiple contract awards with Clients in Brazil The combined gross contract value is approximately USD 53 million “Normand Topazio” and “Normand Turmalina” are owned by Solstad Offshore ASA  “Normand Cutter” is owned by Solstad Maritime AS Subscribe to our newsletter and get the latest stories from Solstad Your newsletter is now among the things we ship By signing up to our newsletter you accept our privacy practices You can unsubscribe at any time by clicking the link in the footer of our emails +47 52 85 65 00 contact@solstad.com Copyright 2025 Solstad All rights reserved 2024 Read Time 5 MinutesNative seedlings at Mombak’s Turmalina Farm in northern Brazil Monica Silva is known as the mother of the seedlings to catch the bus to Turmalina Farm to care for what she calls “the children.” It’s my job to help prepare them to be planted,” she said Monica Silva waters seedlings at Turmalina Farm Ms. Silva works at Turmalina’s nursery in Mãe do Rio, Para in Brazil, watering and tending to plants for Mombak a Brazilian startup supported by The Rockefeller Foundation and focused on generating high-quality carbon credits through reforestation of the Amazon Peter Fernendez and Gabriel Silva co-founded Mombak with the vision of creating the world’s largest high-quality carbon removal platform by purchasing or partnering with landowners to transition land use from cattle pasture to native reforestation “It is an honor to be a part of something that is not just business,” said Ms “It’s a part of the future of our children and our grandchildren.” Watch this video to see how Mombak restores the Amazon by generating carbon credits that support global climate efforts Learn how their work not only improves biodiversity but also creates sustainable economic opportunities for local communities in Brazil Brazil is home to 60 percent of the Amazon Basin which produces 20 percent of the world’s oxygen and 16 percent of its freshwater Brazil’s Amazon has lost about a fifth of its forest cover to deforestation Global deforestation emits 8.8 billion tons of carbon annually on average damaging not only ecosystems but the global economy which relies on goods and services generated by nature such as food the global economy could suffer $2.7 trillion in losses due to the collapse of certain nature-based services Reforestation is one of the world’s largest-scale opportunities to remove carbon from the atmosphere and rehabilitate ecosystems where cattle ranching is the main revenue stream for farmers Mombak has created a model that makes reforestation profitable The company partners with farmers willing to sell or lease a portion of their land and land managers necessary for reforestation Mombak calculates the carbon removal potential of each project and sells high-quality carbon reforestation credits to companies that want to offset their emissions Farmers receive a percentage of the revenue from those sales This creates a new and passive revenue stream for farmers that can be three to five times more profitable than cattle ranching “We are taking land that would have been cattle pasture forever land that would not have been turned into forest simply because there’s no economic benefit We’re turning it into native forest for the purposes of carbon capture and funding it solely through the sale of high-quality carbon removal credits,” said Mr Large-scale deforestation of the Brazilian Amazon began in the 1960s when citizens were incentivized to use Amazonian land for profit About 70 percent of that deforested land became cattle pasture to support Brazil’s beef industry Brazil is one of the world’s largest beef exporter “The mindset back then was to create economic value by removing the forest and doing something with the land,” Mr “Today we are left with mostly degraded pasture with only a few cattle on it.” the Brazilian government enacted a forest code requiring Amazon landowners to preserve at least 50 percent of their land as protected rainforest or allocated for reforestation compliance was weak due to a lack of economic benefits for reforestation Mombak creates a path for farmers to achieve environmental compliance while building revenue from a new market diversifying their income beyond cattle ranching Karine Schmid and her father Sadir discuss the impact of partnering with Mombak on their revenue stream “We are facing a big problem with cattle pricing,” said Sadir Schmid a farmer who partnered with Mombak to lease half of his land for reforestation we’re working just to maintain our herd because cattle prices have dropped significantly Schmid owns a 600-hectare (1,485-acre) cattle ranch Mombak is planting 400,000 trees on the land it is leasing Schmid was considering retiring before he met with Mombak’s representatives “I was really tired from maintaining the pastures,” he said and I didn’t have the resources to sustain it I was a bit skeptical but after doing some research and talking with Mombak’s team Schmid still maintains his cattle ranch on half the land while also receiving a passive income from the now-reforested land managed by Mombak providing generational wealth creation and keeping him in compliance with environmental regulations “We can already see the progress,” said his daughter Karine “The trees are growing and wildlife is returning It feels like we are creating something meaningful for the future.” For carbon credits to become a viable asset class, they need transparency and standardization in oversight. Mombak is building credibility in the industry by demonstrating high-quality carbon credits have multiple co-benefits, can command the highest prices and meet verified carbon standards set by Verra a nonprofit that administers the world’s most widely used greenhouse gas crediting program These practices have helped build Mombak’s reputation in the community and the broader market “The opportunity that Peter and I saw with carbon markets is actually taking shape Companies around the world are willing to purchase these carbon removal credits to offset their emissions,” Mr Among these companies are Microsoft and Google Microsoft has agreed to purchase up to 1.5 million tons of carbon while Google agreed to offtake an additional 50,000 metric tons by 2030 These agreements have been supported by fresh financing from groups like the World Bank which recently issued an Amazon Reforestation-Linked Bond mobilizing $36 million to support Mombak’s effort Mombak has successfully planted over 3 million trees of 100 different species including endangered or vulnerable species such as Cedro Rosa “Mombak’s market traction among major corporate buyers and development institutions is a testament to the team’s high-quality product and ability to deliver carbon removal at scale,” said Thomas Belazis “We are excited to play a role in supporting Mombak’s trajectory as we continue building the market of next-gen climate solutions.” Integrating with the community is key to Mombak’s success they hosted a town hall for various stakeholders and local community members to introduce themselves and answer questions about their project Mombak’s reforestation efforts have created up to as many as seven times more jobs than existing cattle ranching operations providing above-average wages and benefits like healthcare and vacation She first moved to Mãe do Rio three years ago with her then-husband she was left to support herself and her two sons through one-off cleaning jobs with low pay and little consistency her work with Mombak is providing job security This job has allowed me to achieve many things,” she said An innovative financing tool is being used to try to retire a coal plant in the Philippines a decade earlier than currently scheduled A look at what it means to add nature to a corporate ledger and how The Rockefeller Foundation fellows are helping create this systems change The Rockefeller Foundation's mission is to promote the well-being of humanity and make opportunity universal and sustainable Sign up for our newsletter to stay updated on all the latest news and events SKUDENESHAVN, Norway – Solstad Offshore will supply the anchor handler tug supply vessel Normand Turmalina to support Enauta Energia’s Atlanta field operations in the Santos basin offshore Brazil Solstad subsidiary Farstad Supply has sold the platform supply vessel Far Splendour to an undisclosed buyer 3RI-FSE) has officially changed its name from Turmalina Metals Corp. The company's focus is on the Colquemayo copper-gold-silver project in Southern Peru covering 6,600 hectares of road-accessible terrain The project shows significant potential with historical drilling results including:237.3m @ 2.4% Cu 0.08 g/t Au & 10 g/t AgIncluding 15.15m of 27% copper The company is currently designing a drill program based on the re-logging of 20,000 metres of historic drill core Environmental baseline studies have been completed by INSIDEO for permit applications the company has granted 6.8 million stock options to officers and consultants at $0.15 per share with a five-year term 3RI-FSE) ha ufficialmente cambiato il suo nome da Turmalina Metals Corp. L'azienda si concentra sul progetto rame-oro-argento di Colquemayo nel sud del Perù che copre 6.600 ettari di terreno accessibile da strada Il progetto mostra un potenziale significativo con risultati storici di perforazione che includono:237,3 m @ 2,4% Cu 0,08 g/t Au e 10 g/t AgIncluso 15,15 m di 27% di rame L'azienda sta attualmente progettando un programma di perforazione basato sulla rivalutazione di 20.000 metri di campioni di perforazione storici Gli studi di base ambientale sono stati completati da INSIDEO per le domande di permesso l'azienda ha concesso 6,8 milioni di opzioni su azioni a dirigenti dipendenti e consulenti a $0,15 per azione con un termine di cinque anni 3RI-FSE) ha cambiado oficialmente su nombre de Turmalina Metals Corp. La empresa se centra en el proyecto de cobre-oro-plata de Colquemayo en el sur de Perú que abarca 6,600 hectáreas de terreno accesible por carretera El proyecto muestra un potencial significativo con resultados históricos de perforación que incluyen:237.3 m @ 2.4% Cu 0.08 g/t Au y 10 g/t AgIncluyendo 15.15 m de 27% de cobre La empresa está diseñando actualmente un programa de perforación basado en la re-evaluación de 20,000 metros de núcleos de perforación históricos Los estudios de línea base ambiental han sido completados por INSIDEO para las solicitudes de permisos la empresa ha otorgado 6.8 millones de opciones sobre acciones a funcionarios empleados y consultores a $0.15 por acción con un plazo de cinco años 3RI-FSE)는 2025년 3월 11일부터 터말리나 메탈스 주식회사에서 공식적으로 이름을 변경했습니다 이 회사는 남부 페루에 위치한 콜케마요 구리-금-은 프로젝트에 주력하고 있으며 이 프로젝트는 다음과 같은 역사적인 시추 결과를 포함하여 상당한 잠재력을 보여줍니다:237.3m @ 2.4% Cu 회사는 현재 20,000미터의 역사적 시추 코어를 재분석하여 시추 프로그램을 설계하고 있습니다 3RI-FSE) a officiellement changé son nom de Turmalina Metals Corp. L'entreprise se concentre sur le projet cuivre-or-argent de Colquemayo dans le sud du Pérou couvrant 6 600 hectares de terrain accessible par route Le projet présente un potentiel significatif avec des résultats historiques de forage comprenant:237,3 m @ 2,4% Cu 0,08 g/t Au et 10 g/t AgIncluant 15,15 m de 27% de cuivre L'entreprise conçoit actuellement un programme de forage basé sur la réévaluation de 20 000 mètres de carottes de forage historiques Des études de base environnementales ont été réalisées par INSIDEO pour les demandes de permis l'entreprise a accordé 6,8 millions d'options d'achat d'actions à des dirigeants des employés et des consultants à 0,15 $ par action pour une durée de cinq ans 3RI-FSE) hat offiziell seinen Namen von Turmalina Metals Corp Das Unternehmen konzentriert sich auf das Colquemayo Kupfer-Gold-Silber-Projekt im Süden Perus das 6.600 Hektar straßenzugängliches Gelände umfasst Das Projekt zeigt ein erhebliches Potenzial mit historischen Bohrergebnissen 0,08 g/t Au und 10 g/t AgDarunter 15,15 m mit 27% Kupfer Das Unternehmen entwirft derzeit ein Bohrprogramm das auf der Neubewertung von 20.000 Metern historischen Bohrkerns basiert Umweltgrundlagenstudien wurden von INSIDEO für Genehmigungsanträge abgeschlossen Darüber hinaus hat das Unternehmen 6,8 Millionen Aktienoptionen an Führungskräfte Mitarbeiter und Berater zu einem Preis von 0,15 $ pro Aktie mit einer Laufzeit von fünf Jahren vergeben 2025 (GLOBE NEWSWIRE) -- King Copper Discovery Corp 3RI-FSE) name change and symbol change to KCP-TSXV is effective as of the market open today previously announced this corporate name change to “King Copper Discovery Corp.” The new CUSIP number for the Company’s common shares will be 494726102 The share capital of the Company is unchanged The high-grade potential of the Colquemayo mineralized system is illustrated by prior drilling that returned up to 15.15 metres of 27% copper King Copper Discovery Corp.’s exploration will follow up indications of an underlying copper porphyry system identified in prior drilling The Company’s exploration model at Colquemayo draws on its similarities to linked epithermal and porphyry systems in the Andes Historic drill results from Colquemayo (see King Copper News Release dated July 3 A drill program is being designed on the basis of an exploration model developed from the re-logging of approximately 20,000 metres of historic drill core has established access to the Project for initial baseline fieldwork and has maintained close contact with the communities of Palcamayo and Amata The board of directors of the Company has also approved the grant of 6.8 million stock options to certain officers employees and consultants of the Company under the Company's stock option plan The options have an exercise price of 15 cents and a term of five years The Company has also entered into a 6-month investors relations agreement with Conrad Orzel of Vancouver British Columbia for a fee of CAD $3000 per month and 100,000 stock options (included within the above mentioned grant total) with a term of five years Website: kingcopperdiscovery.com Address: #1507 - 1030 West Georgia St For Investor Relations enquiries, please contact +1 604 229 5208 or via info@kingcopperdiscovery.com About King Copper Discovery Corp and Our Projects:  King Copper is a TSXV-listed exploration company focused on the Colquemayo gold-copper project in South America The Company is led by a team responsible for multiple gold-copper-silver discoveries Forward Looking Statement:  This news release includes certain statements that may be deemed “forward-looking statements” Factors that could cause the actual results to differ materially from those in forward-looking statements include the receipt of regulatory approvals 2021 (GLOBE NEWSWIRE) -- Turmalina Metals Corp TBXXF-OTCQX) is pleased to announce that several agreements have been finalised to consolidate regional acquisitions adjacent to the San Francisco project (“San Francisco” or the “Project”) These acquisitions increase the Company’s holdings along the mineral belt from 3404 ha to 34,651 ha mineralised breccia clusters and former small-scale mines An agreement with government organisation Instituto Provincial de Exploraciones y Explotaciones Mineras de la Provincia de San Juan through its operating company in Argentina with exploration rights to an 11,038 ha area immediately to the north of the existing Project area (Figure 1) This area (the ‘IPEEM JV’) includes several undrilled clusters of tourmaline breccia pipes and epithermal vein systems that have supported previous small scale mining Sampling by Turmalina has returned grades of up to 5.2 g/t Au and 158 g/t Ag from oxidised material at tourmaline breccia workings within the IPEEM JV (Figures 2 and 3) Turmalina also has an option to purchase agreement for two tenements totalling 15,576 ha from a private company These tenements (the ‘Miranda Tenements’) are located to the east and northeast of the existing project area (Figure 1) and include several breccia intrusion-hosted and quartz tourmaline vein occurrences Preliminary sampling has returned values up to 2.0 g/t Au 411 g/t Ag and 5% Cu from quartz-tourmaline veins Turmalina has also acquired several areas totalling 4628 ha in the belt through a staking process (the ‘AMSA tenements’) This new ground contains several tourmaline breccia and vein occurrences that supported small scale mining work previously Preliminary sampling has returned values up to 9.2 g/t Au and 1.6 % Cu from veins within altered sediments and granodiorite The Company plans to commence field work within these new acquisitions in the coming months soil sampling and rock chip sampling to determine high priority targets for detailed review and drilling testing “These acquisitions consolidate our holdings in this impressive mineral belt and are an integral part of our strategy of growth through the discovery and development of multiple mineralised breccias pipes We started the process of acquiring further ground prior to our listing in late 2019 and we are thrilled to recently sign the final agreement that amalgamates our holdings in this highly prospective and underexplored belt While this extensive regional consolidation process underway we were not in a position to communicate about the various targets but with this now complete we look forward to executing and keeping investors up to date as we advance these newly acquired areas.” Aurora Mining has signed a two-stage agreement with IPEEM The first (‘Exploration’) stage lasts for five years with payments of USD $20,000 on signing monthly payment of $0.50 per hectare and the loan to IPEEM of a 4-wheel drive vehicle with a minimum exploration commitment by AMSA of US$5,100,000 staged over 5 years:   The second (‘Exploitation’) stage requires a monthly payment of $1.50 per hectare until production starts with a value to be set at the time the exploitation stage commences To purchase the Miranda Tenements AMSA paid USD$5,000 on signing and will pay USD $220,000 over 5 years: which can be purchased by AMSA for US$300,000 One drill rig is currently drilling at the Project testing new breccia pipes identified by a project-wide mapping campaign Samples from recent drilling at the San Francisco de Los Andes (SFdLA) breccia pipe have been dispatched for assay Field work continues at the company’s Chanape copper-gold project located in the Lima District in Peru Initial work is focused on improving access to the project area in order to sample the large number (>50) of outcropping tourmaline breccias at the project The Company announces the resignation of Mark Eaton as a director of Turmalina and thanks him for his service and contributions to the company Latika Prasad to stand for election as a director in the Company’s upcoming Annual General Meeting to be held on July 28 Latika is one of the founders of Turmalina and was a director and officer of the company from March 2017 to July 2019 and continues to work with the Company The Company has granted 900,000 incentive share purchase options to technical staff exercisable for 5 years at an exercise price of CAD$0.91 per share The 34,651 ha San Francisco project is located in San Juan The original 3404 ha of the project area contains over 60 tourmaline breccia occurrences several of which have supported small-scale mining The Company is focused on mapping and sampling the breccias in the project area and drill testing the highest priority targets About Turmalina Metals and the San Francisco Project Turmalina Metals follows systematic sampling and analytical protocols which exceed industry standards and are summarized below Drill core is collected at the drill site and transported by vehicle to the Turmalina core logging facility in Villa Nueva where recovery and RQD (Rock Quality Designation) measurements are taken before the core is photographed and geologically logged The core is typically sampled over a 1 to 2 meter sample interval unless the geologist determines the presence of an important geological contact The bagged samples are then stored in a secure area pending shipment to the ALS sample preparation facility in Mendoza where they are dried Following sample preparation the prepared pulps are then sent to the ALS laboratory in Lima for assay The samples are then analyzed using a 50g aqua regia digest and fire assay-AA finish analysis for gold and four acid digestion with ICP-MS analysis for 53 other elements Samples with results that exceed maximum detection values for gold are re-analyzed by fire assay with a gravimetric finish and other elements of interest are re-analyzed using precise ore-grade ICP analytical techniques and duplicates into the sample stream to monitor data quality The scientific and technical data contained in this news release pertaining to the San Francisco and Turmalina projects has been reviewed and approved by Dr This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law There is no assurance when the government-imposed measures related to COVID-19 in Argentina will be lifted Revival Gold is is one of the largest, pure gold, mine developers in the United States. The Company is advancing engineering and economic studies on the Mercur Gold Project in Utah and mine permitting preparations and ongoing... LEARN MORE Norwegian shipping company Solstad Offshore has secured several new contracts and contract extensions for its platform supply vessels (PSVs) and anchor handling tug supply (AHTS) vessels Solstad disclosed that the contracts have a combined firm duration of approximately ten vessel years and will support various clients in the global markets with a total value of around NOK 830 million ($81.8 million) are planned to be executed by 14 of the company’s PSVs and AHTS vessels “These new contracts reflect a continued strong market for offshore support vessels we see that commercial rates continue to improve and clients are prepared to commit to longer contracts than what we have experienced in recent years,” said Kenneth Lande Executive Vice President and Head of Global AHTS and PSV segment at Solstad Offshore The Norwegian company also recently sold one of its PSVs to an undisclosed buyer Back in December 2022, Solstad Offshore won five-year contracts with Equinor UK for two of its platform supply vessels (PSVs) with one vessel set to be upgraded with a battery-hybrid system and shore power Daily news and in-depth stories in your inbox The Pioneers of Offshore Engineering GustoMSC part of NOV’s Marine and Construction business is recognized for providing advanced design & engineering consultancy for mobile offshore units and reliable equipment and technical knowledge into realistic & innovative ideas The performance of new and existing jack-ups Norwegian shipping company Solstad Offshore has secured multiple contracts together worth around $53 million for three of its vessels to perform work in Brazil The 2005-built anchor handling tug supply (AHTS) vessel Normand Topazio has been awarded a one-year contract with commencement this month while the 2006-built AHTS Normand Turmalina will also begin a one-year contract in November both set to be carried out in direct continuation of their current contracts the construction support vessel (CSV) Normand Cutter has been awarded a 9-month contract for subsea construction activities in direct continuation of the current contract The move came months after the Norwegian firm pooled resources with Cat Power Solutions and Caterpillar Marine to step up fuel efficiency across its offshore support vessels (OSVs) and cut its GHG emissions while exploring the deployment of methanol-powered solutions for its ships Solstad Offshore ASA has entered into a new contract for AHTS BOS Turmalina (2006 165t BP) with Enauta Energia S.A in Brazil The new charter is 1,5 years firm with up to 2 years options thereafter Commencement of the contract is in Q4-2019 in direct continuation with current charter AHTS BOS Turmalina shall keep supporting production activities at the “Atlanta Field” in Santos Basin This website is using a security service to protect itself from online attacks The action you just performed triggered the security solution There are several actions that could trigger this block including submitting a certain word or phrase You can email the site owner to let them know you were blocked Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page TSX: JAG TORONTO, Feb. 27, 2019 /CNW/ - Jaguar Mining Inc. ("Jaguar" or the "Company") (TSX: JAG) today announced drilling results from 19 holes over 4,523m as part of its growth exploration drill program on Orebody C and 46 holes over 4,708m from infill drilling (39 holes at C-SE and 7 holes at C-Central) completed since June 2018 (Refer News Release February 26 and June 18 2018) at Turmalina Gold Mine ("Turmalina") The growth drilling focused on targeting Orebody C extensions down plunge and laterally along strike and to upgrade mineral resources to mineral reserves Grade (g/t Au) x Thickness (m) = GM (gram – meters) Jaguar Mining commented: "We continue to improve our geological understanding of Orebody C through structural mapping targeted growth drilling and prioritized infill drilling This strategic approach enables us to plan and develop shallow mineralization that will provide Turmalina with additional ore faces and operational flexibility Development of C Central will also provide exploration platforms for C NW and extend the orebody laterally to increase longer term production capability  We look forward to reporting our update Mineral Resources and Mineral Reserves during March 2019." Jaguar Mining Management Committee commented: "During 2018 exploration programs focused on upgrading mineral resources to mineral reserves on both principle orebodies at Turmalina the Company has significantly advanced the understanding of the structural and related geological controls on Orebody C mineralization through detailed geological mapping of current and ongoing underground development The recognition of a new plunge control to the distribution of the higher grade and wider mineralized zones clearly broadens the potential to find additional higher-grade mineralized "pay shoots" at shallower depths along the strike of the host structure and down plunge from the C-Central and C-NW historically mined open pits." "The recent high-grade intercept on orebody C-Central with a grade x thickness value > 150 GM is encouraging as we begin to evaluate previously under-tested areas assuming the newly identified plunge control This work is being prioritized as any increase in grade tonnes and ounces per vertical meter added in shallow areas of the mine may leverage access from existing infrastructure and provide more flexibility in the mine plan and ultimately potential for higher production".   Turmalina Orebody C Growth Exploration and Infill Drilling Results targeting down dip extensions from level 4 continues to confirm the structure hosting Orebody C extends to depth beyond mine level 8 approximately 500m down plunge and 400m vertically from current operations this drilling successfully tested and confirmed the changes in the plunge direction of the higher-grade ore shoot highlighted by earlier drilling and subsequently geologically – structurally mapped in the mine development on levels 3 and 4 in Q3-2018 (Refer June 18 The new plunge direction assumed is N75/48 (azimuth / dip) (previous N45/55) This high-grade plunge direction approximates the observed Orebody A high-grade zone plunge of N65/48 Further drilling is planned for Q2 and Q3 2019 to fully test this ore-shoot between level 4 and level 8 once a new drilling platform has been prepared for this purpose from the C-ramp on level 5 Infill drilling on Orebody C focusing on upgrading mineral resources to mineral reserves between levels 3 and 5 was prioritized in Q3 and Q4 to inform the Mineral Resources and Mineral Reserves update during March 2019 This infill drilling continued to define wide; high-grade intercepts consistent with those previously reported (Refer news releases dated June18 In the results released today 19 intersections with a grade x thickness of > 10 GM including 15 intersections with grade x thickness > 25 GM 5 intersections with grade x thickness > 50 GM and 3 intersections with grade x thickness > 100 GM The observed change in the plunge control of the higher grade and wider parts of the Orebody Host Structure has positive implications for interpreting and targeting additional shallow mineralization further along the strike of the Orebody C structure where clear potential exists for the identification and delineation of additional high grade shoots below the C-Central and C-NW open pits Results are reported from 8 infill holes targeting Orebody C-Central along strike from Orebody C-SE (using the mine drill rig) drilled as part of an ongoing drilling programme testing the potential for additional shallow structurally controlled "payshoots" associated with the new plunge interpretation Two higher grade intersections are reported from this drilling completed to date; 18.35 g/t Au over 8.76m (ETW 8.23m) and 9.95g/t Au over 2.29m (ETW 2.0m) These two holes define a high-grade plunging mineralized shoot which extends over a strike length currently estimated to be of the order of 50m in this area Further drilling and evaluation work targeting Orebodies C - Central and C-NW is in progress with the aim of identifying and delineating mineable material close to existing development that is currently within 150m on Orebody C-SE level 4.  (Refer figure 4 and table 2) results and data from 18 infill drill holes out of the 46 infill drill hole results included in this report were drilled after the database closed for the estimation at the end of 2018 Mineral Resources and Mineral Reserves The hole numbers and coordinate data for these 18 holes are included in Appendix 2 Turmalina Gold Mine Drill Results and Intercepts Growth Exploration Drilling Results Orebody C Turmalina Gold Mine Growth Exploration Drill Results Ore Body C Infill Drilling Results Orebody C – Turmalina Please note assay results reported in the tabulation below were analyzed at Jaguar's Caeté Laboratory Turmalina Gold Mine Infill Drill Results Ore Body C * Infill Drilling Results Orebody C - CENTRAL Scientific and technical information contained in this press release has been reviewed and approved by Jonathan Victor Hill Senior Expert Advisor Geology and Exploration to the Jaguar Mining Management Committee who is also an employee of Jaguar Mining Inc. and is a "qualified person" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") Jaguar continues to use a quality-control program that includes insertion of blanks and commercial standards in order to ensure best practice in sampling and analysis and BQ size drill core is sawn in half with a diamond saw Samples are selected for analysis in standard intervals according to geological characteristics such as lithology and hydrothermal alteration All diamond drill hole collars are accurately surveyed using a Total Station instrument and down-hole deviations are surveyed using non-magnetic equipment (SPT Stockholm Precision Tools with GyroMaster™ Solid State North Seeker) and a Reflex Gyrosmart 642 Mean grades are calculated using a variable lower grade cut-off (generally 0.5g/t Au) No upper gold grade cut has been applied to the data the requirement for assay top cutting will be assessed during future resource work Half of the sawed sample is forwarded to the analytical laboratory for analysis while the remaining half of the core is stored in a secure location The drill core samples from growth exploration drillholes are transported in securely sealed bags and sent for physical preparation to the independent ALS Brazil (subsidiary of ALS Global) laboratory located in Vespasiano The analysis is conducted at ALS Global's respective facilities (fire assay are conducted by ALS Global in Lima and multi-elementary analysis are conducted by ALS Global in Vancouver ALS has accreditation in a global management system that meets all requirements of international standards ISO/IEC 17025:2005 and ISO 9001:2015 All major ALS geochemistry analytical laboratories are accredited to ISO/IEC 17025:2005 for specific analytical procedures The infill drilling results presented on this news release are from drill holes completed by both Major Drilling on contract and Jaguar Mining Inc´s own drilling machines The infill samples are transported for physical preparation and analysis in securely sealed bags to the Jaguar in-house laboratory located at the Roça Grande Mine For a complete description of Jaguar's sample preparation, analytical methods and QA/QC procedures, please refer to the "Technical Report on the Roça Grande and Pilar Operations, Minas Gerais State, Brazil", a copy of which is available on the Company's SEDAR profile at www.sedar.com The discovery in 1699–1701 of gold contaminated with iron and platinum-group metals in the southeastern corner of the Iron Quadrangle gave rise to the name of the town Ouro Preto (Black Gold) Jaguar holds the second largest gold land position of a gold producer in the Iron Quadrangle with just over 25,000 hectares Certain statements in this news release constitute "forward-looking information" within the meaning of applicable Canadian securities legislation Forward-looking statements and information are provided for the purpose of providing information about management's expectations and plans relating to the future All of the forward-looking information set forth in this news release is qualified by the cautionary statements below and those made in our other filings with the securities regulators in Canada Forward-looking information contained in forward-looking statements can be identified by the use of words such as "are expected" "is targeted," "approximately," "plans," "anticipates," "projects," "continue," "estimate," "believe," or variations of such words and phrases or statements that certain actions events or results "may," "could," "would," "might," or "will" be taken may be considered to be or include forward-looking information These forward-looking statements are made as of the date of this news release and the dates of technical reports This news release contains forward-looking information regarding potential and potential mineral production opportunities geological and mineral exploration statistics and definition/delineation/exploration drilling at the Pilar Gold Mine and the Turmalina Gold Mine in Brazil as well as forward-looking information regarding costs of production costs and timing of the development of projects and new deposits The Company has made numerous assumptions with respect to forward-looking information contained herein assumptions about the estimated timeline and for the development of the drill program at the Pilar Gold Mine (and its expanded exploration footprint) and the Turmalina Gold Mine; its mineral properties; the supply and demand for and the level and volatility of the price of gold; the accuracy of reserve and resource estimates and the assumptions on which the reserve and resource estimates are based; the receipt of necessary permits; market competition; ongoing relations with employees and impacted communities; and political and legal developments in any jurisdiction in which the Company operates being consistent with its current expectations including the impact of any potential power rationing exploration and mine operating licenses and permits being obtained and renewed and/or there being adverse amendments to mining or other laws in Brazil and any changes to general business and economic conditions including among others: the risk of Jaguar not meeting its plans regarding its operations and financial performance; uncertainties with respect to the price of gold including without limitation environmental hazards and gold bullion thefts and losses (and the risk of inadequate insurance Although we have attempted to identify important factors that could cause actual actions events or results to differ materially from those described in forward-looking statements there may be other factors that cause actions events or results not to be as anticipated There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements Drill Hole location data for holes reported in this Press-Release - Orebody C Growth Exploration Drilling Drill Hole location data for holes reported in this Press-Release Infill Drilling Orebody C (C-SE and C-CENTRAL) Ben Guenther, Interim Chief Executive Officer, Jaguar Mining Inc., [email protected], 416-847-1854; Hashim Ahmed, Chief Financial Officer, Jaguar Mining Inc., [email protected] http://www.jaguarmining.com Do not sell or share my personal information: Solstad Offshore and Rimorchiatori Riuniti group have secured long-term contracts for offshore support vessels in Brazil Norway-headquartered Solstad gained a contract for its anchor handling tug supply vessel Normand Turmalina for work in Brazil UT 722L-design vessel (listed as BOS Turmalina on Solstad’s website) will support drilling on the Atlanta oilfield in the Santos Basin offshore southeast Brazil from May 2021 Enauta Energia chartered the 80.4-m anchor handler for a fixed period of 18 months and has options to extend this for a further two years The Atlanta field is in Block BS-4 of the Santos Basin It is being developed by Enauta with a network of subsea wells scheduled to be tied back to an existing floating production storage and offloading vessel in 2022 Solstad has also sold a platform supply vessel this week It sold Farstad Supply’s Far Splendour to an unnamed company on 10 May saying the “sale of the vessel will result in an immaterial accounting effect for Q2 2021.” Rimorchiatori Riuniti group’s Finarge has secured employment for its anchor handler AH Liguria with Brazilian state energy group Petrobras for two years This vessel will continue to operate offshore Italy during May before being mobilised to Brazil for an upgrade and to change to the Brazilian flag Finarge also has a long-term contract with Petrobras for another of its anchor handlers AH Giorgio P has been fixed by the energy group for another four years This is an extension to its existing contract as AH Giorgio P has been working in Brazil since it was delivered in 2006 Havila Shipping gained a contract extension for two of its PSVs in Denmark Total DK has declared options for three months for vessels Havila Herøy and Havila Fanø Total DK has further four-month extensions for each vessel Riviera Maritime Media’s Offshore Energy Webinar Week is being held 14 June 2021 – use this link for more details and to register The story of the record-breaking Paraiba tourmaline set into a one-of-a-kind necklace by Canadian jeweller Kaufmann de Suisse was one of the most read articles of 2013 this luminescent stone has become one of the most sought-after gems in the world The 191.87ct 'Ethereal Carolina Divine Paraiba' was first unveiled in 2009, more than tripling the previous world record for a cut Paraiba tourmaline. Re-emerging this year in the 'Paraiba Star of the Ocean' necklace,  designed by Moneca Kaufmann, president of Kaufmann de Suisse it will be sold off in 2014 in what is set to be one of this year's big auctions-to-watch The first Paraiba tourmalines were uncovered in the 1980s by Heitor Dimas Barbosa who spent years digging in the hills of the Brazilian state of Paraiba on little more than a hunch that he was going to find something special Almost every shade of tourmaline can be found in Brazil but none has the vivid glow that distinguishes the Paraiba tourmaline colours range from startling turquoise to majestic blue-green but it is the neon glow that appears to light up the stone from within that makes the Paraiba tourmaline so unique there is only one Paraiba tourmaline mined for every 10,000 diamonds and a good quality Paraiba from Brazil weighing over three carats is virtually unheard of So rare are authentic Brazilian Paraiba tourmalines that it is not unusual for them to achieve five figures per carat a new wave of luminous green-blue tourmalines entered the market mined by hand in the copper-rich mountains of Mozambique and Nigeria with only minute chemical differences to those unearthed in Brazil they are often found weighing five carats or more and have caused an ongoing debate as to what can and can't by definition be called a "Paraiba" tourmaline Some insist that only tourmalines from the Brazilian state of Paraiba are Read about the arrival of Paraiba-like tourmalines from Africa here if you consider why this unique gemstone has turned up in two very different parts of the world Look at the outline of the continent of South America and compare it to the coast of Africa and the shape of each indicates that the copper-rich mountains of Brazil were probably a whole lot closer - and quite possibly right next door - to the copper-rich mountains of Mozambique and Nigeria than they are today which simply adds to the allure of this incredible We need your help to keep The Jewellery Editor’s independence so that we can continue to offer quality writing that’s open to everyone around the world It means we can give a full and varied picture of the big wide world of jewellery and watches whether it is on our website or social media channels Every contribution is hugely appreciated and key to ensuring our future