stone. JOHN’S, Newfoundland and Labrador – (BUSINESS WIRE) – Altius Minerals Corporation (ALS: TSX) (ATUSF: OTCQX) (“Altius”, the “Company” or the “Company”) is pleased to provide an update on its Generation Project (“PG “) and its public portfolio of junior stocks. The market capitalization of shares in the portfolio was $43.5 million as of September 30, 2022, compared to $47.4 million as of June 30, 2022.
Orogen Royalties Inc. (OGN: TSX-V) reported its second quarter 2022 financial results highlighting that it underperformed 2% of net royalties paid to Ermitaño Mine Smelter (“NSR”) on a quarterly basis. quarter. Altius and Orogen also announced an exploration alliance focused on developing gold projects similar to the Silicon Gold project in the Walker Lane area of ​​Nevada.
AbraSilver Resource Corp. (ABRA: TSX-V) continues to report positive drilling results and progress on its flagship Diablillos gold-silver project in Argentina, including 127 meters (“m”) of 506 g/t silver and 1.99 g/t gold. , Represents the thickness of the highest silver content at the intersection with the deposit.
Callinex Mines Inc. (CNX: TSX-V) (Callinex) recently reported infill drilling with 4.29% Cu, 0.22 g/t Au, 4.63 g/t Ag and 0.31% Zn at depths up to 33.67 m as part of the Manitoba Pine Bay project. near Flin Flon, province, to encourage exit from the cave. Callinex continues to work on the report on the first assessment of the resources of the Rainbow field. In addition to its stake in Callinex, Altius retains a royalty buyback option to purchase 0.5% NSR of the Pine Bay project for $500,000.
Gungnir Resources Inc. (GUG: TSX-V) reported current drilling progress at its Lappvattnet nickel sulfide project in Sweden, including intercepting 2.14% nickel at a depth of 3.3 m.
High Tide Resources Corporation (HTRC:CSE) has announced encouraging results from several wells from its ongoing drilling program on the Labrador West Rail project, including 205.16m at 32.06% iron, as it works to calculate your first resource estimates later this year.
Lara Exploration Ltd. (LRA: TSX-V) recently published the results of seven additional wells in the Cupuseiro field under the Planalto project in Brazil, highlighting an intersection of 380.79 m with a 0.53% copper grade, including two zones with a higher copper grade: 78.81 m , 1.08% Cu from 17.8 m, 40.4 m in the well, 1.31% Cu from 121.68 m.
Lawrence Winter, Ph.D., Professor of Geological Exploration, Vice President, Exploration, Altius, National Instruments 43-101 – A qualified individual, as defined in the Mining Project Disclosure Standard, responsible for the scientific and technical data presented in this document, and analyzed, prepared and approved this version.
Altius’ strategy is to generate growth per share through a diversified portfolio of franchised assets associated with long-lived and high-margin businesses. The strategy also provides shareholders with information in line with global sustainability-related growth trends, including the transition from fossil fuels to renewable energy sources in electricity production, the electrification of transport, the reduction of emissions from steel production and the increase in requirements for agricultural production. These macroeconomic trends are likely to increase demand for many Altius products, including copper, renewable electricity, several battery base metals (lithium, nickel and cobalt), pure iron ore and potash. In addition, Altius operates a successful project development business that initiates mining projects to sell to developers in exchange for shares and royalties. Altius has 47,616,297 issued and outstanding shares of common stock listed on the Toronto Stock Exchange in Canada.