COPPERSTONE RESOURCES AB: INTERIM TECHNICAL REPORT
Copperstone Resources AB ("Copperstone" or "the Company") is pleased to present an update on the drilling programme at Granliden Hill and to provide information on the current geological interpretation relative to geophysics. Note that assay results from the fourth hole are still pending. (See attached interim technical report).
- Mineralisation consisting of interspersed chalcopyrite veins has been intercepted in drillhole COS18359 over 81m from 745m to 826m. This mineralisation is associated with a vertical resistive Natural Source Audio-frequency magnetotelluric (NSAMT) feature which has considerable strike and depth extent and is being drill- tested for the first time.
- Potassic alteration is a characteristic style of alteration in porphyry style deposits and was intercepted over several hundred metres (from 110.7m to 361.4m) in drillhole COS18356 and from 155.8 to 618.9m in drillhole COS18357 as previously announced. This helps substantiate the porphyry style of mineralisation proposed for the genesis of the Cu sulphides historically drill tested on the project.
- Geochemistry commensurate with Adakite in drillhole COS18358 provides further validation for porphyry style mineralisation.
"Our drilling work at Granliden Hill is confirming our geological interpretation of the geophysical targets and is beginning to show that copper mineralisation is linked to large scale intrusive features. We are excited to have drilled extensive mineralisation deep under Granliden Hill and we are now awaiting the assay results for this intercept. Our porphyry-style model appears to hold credibility, and we are continuing to build the first deep east-west geological sections across the target area.
The application of deep drill holes well below the shallow historical datasets is proving to be a key to unlocking the scale of the intrusive complex and its related mineralisation." comments Chris McKnight CEO of Copperstone.
Published 17 May 2018
For further information, please contact Chris McKnight (CEO) at +46(0)580-88890, or firstname.lastname@example.org or refer to Copperstone webpage: www.copperstone.se.
This press release contains insider information which Copperstone Resources AB (publ) is obliged to publish according to the EU market abuse regulation (MAR). The information was delivered by the above mentioned contact for publishing 17th May 2018 at 1030 CET.
Copperstone Resources AB is a public company trading as COPP B on NASDAQ First North (Stockholm). The Certified Adviser is Augment Partners AB. The Company is focused on base and precious metal exploration in the vicinity of the internationally-recognized mining region of the Skellefte-field in northern Sweden. The Copperstone project is situated on four contiguous exploration permits in Norrbotten County (Sandberget 100 (8074ha), Sandberget 200 (19ha), Sandberget 300 (19ha) and Svartliden 1001 (444ha). In addition the Company owns one exploitation concession within the same area, namely Svartliden K no. 1 (36ha) and an approved application for Eva k no. 1 (34ha) subject to an objection. The Company also owns the Tvistbogruvan K no. 1 (11ha) exploitation concession and the Såggården No.1 (199ha) exploration permit in the Bergslagen mining region of central Sweden. Quoted surface areas are approximate to the nearest hectare. All exploration permits and exploitation concessions are 100% owned, either directly or through a subsidiary.
All information in this press release has been reviewed and approved for publication by the appointed independent Qualified Person Mr Thomas Lindholm (M.Sc. Mining Engineering) of Geovista AB. Mr Lindholm is a registered Member of the Fennoscandian Review Board and has in excess of 35 years' experience in mineral exploration in Sweden and abroad and is a Qualified Person under the Nasdaq First North Stockholm rules. Mr Lindholm consents to the inclusion of the information in the form and context in which it appears.
News releases, presentations and public commentary made by the Company, and its Officers, may contain certain statements and expressions of belief, expectation or opinion which are forward-looking statements, and which relate, inter alia, to interpretations of exploration results to date and the Company's proposed strategy, plans and objectives or to the expectations or intentions of the Company's Directors. Such forward-looking and interpretative statements involve known and unknown risks, uncertainties and other important factors beyond the control of the Company that could cause the actual performance or achievements of the Company to be materially different from such interpretations and forward-looking statements. Accordingly, the reader should not rely on any interpretations or forward-looking statements; and save as required by the exchange rules of NASDAQ First North (Stockholm) for listed companies or by applicable laws, the Company does not accept any obligation to disseminate any updates or revisions to such interpretations or forward-looking statements. The Company may re-interpret results to date as the status of its assets and projects changes with time expenditure, metals prices and other affecting circumstances.
Copperstone today was awarded additional exploration permits from the Mining Inspector, regarding more than 8,000 ha in Arvidsjaur municipality.
Copperstone Resources AB ("Copperstone" or "the Company") is pleased to announce that the Company has signed a 5-year 25 MSEK credit facility. In addition a non-binding term sheet regarding a convertible debt facility of 100 MSEK has been signed with a US-based fund. Upon the convertible debt facility becoming binding and the first tranche of 22.5 MSEK has been paid out, closing of the Viscaria acquisition is anticipated to occur shortly thereafter. In total, up to 125 MSEK will thereby be secured to finance the further development of New Copperstone including Viscaria.
The Board of Copperstone ("Copperstone" or "the Company") announces that Michael Mattsson takes over as CEO of Copperstone, as Chris McKnight steps down. As the company is growing, Copperstone will separate the roles of CEO and Exploration Manager. Ann Zetterberg Littorin will take over as Chairman of the Board, effective immediately.
COPPERSTONE CONFIRMS LARGE SCALE EXPLORATION TARGET POTENTIAL OF 150-210 MILLION TONNES AT 0.25-0.45% COPPER AT GRANLIDEN AND PROVIDES AN UPDATED MINERAL RESOURCE INVENTORY FOR THE PROPERTY
Copperstone Resources AB ("Copperstone" or "the Company") is pleased to announce that an Exploration Target potential of 150-210 million tonnes at a grade of 0.25-0.45% copper has been estimated by Micon International Co LTD (UK) ("Micon") for the Granliden area of the project. This potential is in line with recent guidance and is based on an independent analysis of exploration drilling results predominantly from the drill campaign carried out by the Company in 2018.
Idag den 27 november 2018 hölls extra bolagsstämma i Copperstone Resources AB (publ) ("Bolaget") i Hamilton Advokatbyrås lokaler på Hamngatan 27 i Stockholm. Nedan följer en sammanfattning av de beslut som fattades.
Copperstone Resources AB ("Copperstone") is pleased to announce that 99,95% of the shareholder votes represented at the Sunstone Metals Ltd ("Sunstone") Extra General Meeting today were in favour of the Viscaria transaction with Copperstone.
Copperstone Resources AB ("Copperstone" or "the Company") is pleased to announce the Interim Quarterly Report (Q318) for the Company. A brief summary of the report follows:
Financial results for the Group for July 1st to September 30th 2018:
- Result before taxes amounted to -955 (-962) KSEK.
- Earnings after tax per share were 0.0 (-0.0) SEK.
- The cash flow during the period was -5,428 (351) KSEK.
Financial results for the Group for Year to date as of September 30th 2018:
- Result before taxes amounted to 4,589 (-6,026) KSEK.
- Earnings after tax per share were 0.02 (-0.03) SEK.
- The profit for 2018 is due to the netting of receivable in NIO for shares and a convertible. The receivable was acquired by Copperstone at a discount to nominal value in 2016, generating a profit of 8.2 MSEK at its finalization before the listing of NIO at Nasdaq First North.
- The closing balance of cumulative capitalized expenditure for exploration amounted to 56,483 (35,694) KSEK.
- Total assets at the end of the period was 77,387 (50,760) KSEK.
- The cash flow during the period was -25,949 (1,606) KSEK.
- The liquidity at the end of the period was 2,337 (4,335) KSEK.
KALLELSE TILL EXTRA BOLAGSSTÄMMA I COPPERSTONE RESOURCES AB (PUBL)
Copperstone Resources AB ("Copperstone" or "the Company") announces that Stiftelsen Norrlandsfonden ("Norrlandsfonden") will convert 1.5 MSEK of the September 2015 tranche, into 6,250,000 B-shares in Copperstone at a conversion price of 0.24 SEK. The transaction will result in a strengthening of the financial net and balance sheet of Copperstone. The share capital of Copperstone will increase by 625,000 SEK to 24,860,376.10 SEK. The number of outstanding shares will increase to 248,603,761, corresponding to a dilution of 2.51% (of the total 5.92% indirect ownership in Copperstone that Norrlandsfonden currently holds).
The Board of Copperstone Resources AB ("Copperstone" or "the Company") is pleased to announce that it has entered into a Share Sale and Purchase Agreement ("SPA") with Sunstone Metals Ltd Australia ("Sunstone") regarding the acquisition of 100% of Avalon Minerals Viscaria AB ("Viscaria"), substantially in accordance with the Letter Of Intent signed and announced between the parties 8th August 2018.
Copperstone Resources AB
Marknadsplats: First North
Interim Report Q3 2018
2019-02-21 Bokslutskommuniké 2018