Category

Investing

Category

Within 24.51m of 486.30 g/t AgEq

Silver47 Exploration Corp. (TSXV: AGA) (‘Silver47’ or the ‘Company), is pleased to announce the first results from the 2024 drill program at the Company’s wholly-owned flagship Red Mountain Project in Alaska, USA. The results for the first of 6 holes drilled on the property in 2024 indicate strong potential for increased high-grade infill drilling within the Dry Creek resource area. A total of 1,039 metres of drilling was completed in 6 holes at the Dry Creek, West Tundra Flats, and Kiwi prospects combined.

Highlights from hole DC24-106:

  • Drilling cut several massive sulphide horizons within a 24.5m semi-massive mineralized section at the Dry Creek Zone with the highest gold grade interval intercepted to date on the project and remains open
  • From a depth of 128.29m, hole 106 cut 2.48 m of 61.44% ZnEq or 2,938.5 g/t AgEq
    (14.95 g/t gold 249.50 g/t silver, 21.97% zinc, 7.03% lead, 0.42% copper)
  • From a depth of 133.87m, hole 106 cut 0.91 m of 46.74% ZnEq or 2,235 g/t AgEq
    (8.08 g/t gold, 225.00 g/t silver, 21.20% zinc, 6.68% lead, 0.42% copper)
  • From 126.40 m-150.91m a 24.51 m interval graded 10.17% ZnEq or 486.3 g/t AgEq
    (1.99 g/t gold, 55.50 g/t silver, 4.08% zinc 1.32% lead, 0.10% copper)

Mr. Alex Walls, P.Geo., Vice President of Exploration, stated: ‘We are extremely excited to report these kinds of high-grade polymetallic intercepts in our first drill program on the Project. This drill intercept supports our thesis that Red Mountain Project hosts significant precious metal enrichment in addition to the base metal endowment.’

Dry Creek Target Area

The Dry Creek mineralization consists of multiple horizons of semi-massive to massive sulfides within the metavolcanics and metasediments of the Totatlanika Schist which can be traced for 4,500m and dips steeply to the north. The Fosters and Discovery lenses of VMS mineralization make up the central 1,400m of the Dry Creek North Horizon occurring as massive to semi-massive silver-zinc-lead-gold-copper sulfides. The lenses pinch and swell along strike and down-dip, as is typical of VMS deposits. True width intersections are up to 40 m at Fosters where there is evidence of growth faults, showing potential proximity to a VMS feeder zone.

Cannot view this image? Visit: https://insiderlegacysecret.com/wp-content/uploads/2024/11/230387_a4dd4a86f4a1fbb3_002.jpg

Figure 1. Plan map of drill holes at Dry Creek and West Tundra Flats resource areas.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10967/230387_a4dd4a86f4a1fbb3_002full.jpg

Table 1. Significant intervals for hole DC24-106, Dry Creek Zone, Red Mountain Project.

Hole
From
To
Interval
ZnEq
AgEq
Au
Ag
Zn
Cu
Pb
ID (m) (m) (m) (%) (ppm) (ppm) (ppm) % %  %
DC24-106 126.40 150.91 24.51 10.17 486.3 1.99 55.5 4.08 0.10 1.32
incl. 128.29 130.77 2.48 61.44 2938.5 14.95 249.5 21.97 0.42 7.03
and 133.87 134.78 0.91 46.74 2235.0 8.08 225.0 21.20 0.42 6.68
and 145.94 150.91 4.97 4.33 207.4 0.26 68.7 1.84 0.04 0.73

 

Assay intervals are weighted average and are drilled lengths, true widths cannot be determined at this time.

Notes:

  • g/t=grams per tonne; AgEq=silver equivalent; ZnEq=zinc equivalent; m=metres; Ag=silver; ‎Au=gold; Cu=copper; Zn=zinc; Pb=lead; 1ppm=1 g/t
  • Equivalencies are calculated using ratios with metal prices of US$2,750/tonne Zn, US$2,100/tonne Pb, US$8,880/tonne Cu, US$1,850/oz Au, and US$23/oz Ag and
  • Metal recoveries are based on metallurgical work returned of 90% Zn, 75% Pb, 70% Cu, 70% Ag, and 80% Au.
  • Zinc Equivalent (ZnEq %) = [Zn (%) x 1] + [Pb (%) x 0.6364] + [Cu (%) x 2.4889] + [Ag (ppm) x 0.0209] + [Au (ppm) x 1.923]
  • Silver Equivalent (AgEq g/t) = [Zn (%) x 47.81] + [Pb (%) x 30.43] + [Cu (%) x 119] + [Ag (g/t) x 1] + [Au (g/t) x 91.93]

Cannot view this image? Visit: https://insiderlegacysecret.com/wp-content/uploads/2024/11/230387_a4dd4a86f4a1fbb3_003.jpg

Figure 2. Drill Hole DC24-106 Cross Section.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10967/230387_a4dd4a86f4a1fbb3_003full.jpg

Technical Discussion on Hole DC24-106

Hole DC24-106 was planned to step 60m down-dip from near-surface mineralized intercepts in DC97-03, DC97-04, DC97-07, and DC97-08. Additionally, the hole was intended to test continuity of high-grade mineralization between the 1997 holes and the deep, down-dip intercept in DC18-79. DC24-106 passes through regionally metamorphosed metasediments and metavolcanics of the Totatlanika Schist. The 24.51m mineralized intercept is hosted in a metarhyolite unit, with increasing intervals of semi-massive sulfides from 126.40m, massive sulfides from 128.3m, and finishing with semi-massive sulfides from 143.45 to 150.91m. The sulfides are comprised of aphanitic to coarse pyrite, sphalerite, galena, and chalcopyrite. The mineralized widths are consistent with the historical results, and the 2.48m of 14.95 g/t gold is the highest-grade gold interval drilled to date on the Red Mountain Project.

Cannot view this image? Visit: https://insiderlegacysecret.com/wp-content/uploads/2024/11/230387_silver47fig3_550.jpg

Figure 3. Drill Core DC24-106 Photograph at 126.81m – 130.63m Depth.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10967/230387_silver47fig3.jpg

Cannot view this image? Visit: https://insiderlegacysecret.com/wp-content/uploads/2024/11/230387_a4dd4a86f4a1fbb3_006.jpg

Figure 4. Drill core DC24-106 photograph of pyrite-sphalerite-chalcopyrite 129.4m-129.5m.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10967/230387_a4dd4a86f4a1fbb3_006full.jpg

Cannot view this image? Visit: https://insiderlegacysecret.com/wp-content/uploads/2024/11/230387_a4dd4a86f4a1fbb3_007.jpg

Figure 5. Drill core DC24-106 of pyrite-sphalerite with minor chalcopyrite 134.2m-134.94m

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10967/230387_a4dd4a86f4a1fbb3_007full.jpg

This successful infill hole in the centre of the Dry Creek resource indicates a strong potential for rapid resource upgrade and growth extending down-dip. The wide spacing of the historical drilling provides ample opportunity to increase the resource, which remains open at depth and along strike.

Table 2. 2024 Drill Collar Information, Red Mountain Project.

Red Mountain 2024 Diamond Drill Hole Collars
Hole ID Easting Northing Elevation (m) Azimuth Dip Depth (m) Zone Status
DC24-106 481059 7088384 1233 170 -72 192 Dry Creek Reported Here
DC24-104 480364 7088200 1218 180 -45 112 Dry Creek Results Pending
DC24-105 480364 7088200 1218 180 -75 120 Dry Creek Results Pending
WT24-33 483950 7090863 982 0 -90 185 West Tundra Flats Results Pending
WT24-34 484196 7090851 968 38 -78 146 West Tundra Flats Results Pending
KW24-03 470228 7085491 1561 180 -50 283 Kiwi Results Pending

 

Easting and northing in metres, NAD27 zone 6

About the Red Mountain VMS-SEDEX Project – Alaska, USA

Silver47’s flagship Red Mountain property covers 633 square kilometres of Alaska State-managed land 100km south of Fairbanks, Alaska. The project is well situated for infrastructure, 30km east of the community of Healy which has power, rail and state highway access to Alaska Route 3, providing a valuable connection to Anchorage and tide water. The Company has an approved permit to conduct advanced exploration, including drilling, across the property.

Red Mountain hosts a NI 43-101 inferred mineral resource estimate of 15.6Mt at 7% ZnEq for 1Mt of ZnEq or 335.7 g/t AgEq for 168.6 Moz AgEq at the Dry Creek (DC) and West Tundra Flats (WTF) resource areas as combined open pit and underground. DC and WTF are the two most advanced mineralized zones at Red Mountain, with at least 20 additional mineralized prospects discovered on the property to date over the 60 kilometres of highly prospective geology.

For more information, see the Red Mountain NI 43-101 technical report titled ‘Technical Report on the Red Mountain VMS Property, Bonnifield Mining District, Alaska, USA’ dated January 12, 2024, prepared by Apex Geoscience Ltd., can be found on the Company’s website https://silver47.ca/ and SEDAR+.

Quality Assurance and Quality Control

Quality assurance and quality control (QAQC) protocols for drill core sampling at Red Mountain project followed industry standard practices. Core samples were typically taken at 1.0m intervals in mineralized zones, and 3.0m intervals outside of mineralized zones. Sample lengths were adjusted as necessary so as not to cross lithologic and mineralogic boundaries. QAQC check samples were inserted into the sample stream with one blank, one duplicate (coarse), and one certified reference material (CRM) occurring within every 20 samples. Drill core was cut in half, bagged, sealed and delivered directly to ALS Minerals Fairbanks, Alaska for transport to the ALS Minerals Laboratories labs in North Vancouver, British Columbia. ALS Minerals Laboratories are registered to ISO 9001:2008 and ISO 17025 accreditations for laboratory procedures. Core samples were analyzed at ALS Laboratory facilities in North Vancouver using four-acid digestion with an ICP-MS finish. Gold analysis was by fire assay with atomic absorption finish, or gravimetric finish for over-limit samples. Over-limits for silver, zinc, copper, and lead were analyzed using Ore Grade four-acid digestion. The standards, certified reference materials, were acquired from CDN Resource Laboratories Ltd. of Langley, British Columbia and selected to represent expected mineralization.

Qualified Person

Mr. Alex S. Wallis, P.Geo., is Vice President of Exploration for the Company who is a ‘qualified person’ as defined by National Instrument 43-101. Mr. Wallis has verified the data disclosed in this press release, including the sampling, analytical and test data underlying the technical information and has approved the technical information in this press release.

About Silver47 Exploration Corp.

Silver47 wholly-owns three silver and critical metals (polymetallic) exploration projects in Canada ‎and the US: the Flagship Red Mountain silver-gold-zinc-copper-lead VMS-SEDEX project in ‎southcentral Alaska; the Adams Plateau silver-zinc-copper-gold-lead SEDEX-VMS project in ‎southern British Columbia, and the Michelle silver-lead-zinc-gallium-antimony MVT-SEDEX ‎Project in Yukon Territory.‎ Silver47 Exploration Corporation shares trade on the TSX-V under the ticker symbol AGA. For ‎more information about Silver47, please visit our website at www.silver47.ca.‎

On Behalf of the Board of Directors
Mr. Gary R. Thompson, Director and CEO
info@silver47.ca
403-870-1166

No securities regulatory authority has either approved or disapproved of the contents of this release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

FORWARD-LOOKING STATEMENTS

Information set forth in this news release may involve forward-looking statements under applicable ‎‎securities laws. Forward-Looking statements are statements that relate to future, not past, events. In this ‎‎context, forward-looking statements often address expected future business and financial performance, ‎and ‎often contain words such as ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘expect’, and ‘intend’, ‎statements that ‎an action or event ‘may’, ‘might’, ‘could’, ‘should’, or ‘will’ be taken or occur, including ‎statements relating ‎to the trading of the Company’s common shares on the TSXV, the prospective ‎geology and composition of its properties, anticipated results of further exploration on its properties, ‎statements relating to the YESAB litigation, or other similar expressions and all statements, other than ‎statements of historical fact included ‎herein. By their nature, forward-‎looking statements involve known ‎and unknown risks, uncertainties and other factors which may cause our ‎actual results, performance or ‎achievements, or other future events, to be materially different from any ‎future results, performance or ‎achievements expressed or implied by such forward-looking statements. ‎Such factors include, among ‎others, the following risks: the need for additional financing; the satisfaction of ‎the conditions imposed ‎by the TSXV on the Listing; operational risks associated with mineral exploration; ‎regulatory risks; ‎fluctuations in commodity prices; title matters; litigation risks; and the additional risks identified in the ‎‎Company’s long form prospectus dated October 25, 2024 filed under its issuer profile on SEDAR+ and ‎other reports and filings with the TSXV and ‎applicable Canadian securities regulators. Forward-Looking ‎statements are made based on management’s ‎beliefs, estimates and opinions on the date that ‎statements are made and the Company undertakes no ‎obligation to update forward-looking statements if ‎these beliefs, estimates and opinions or other ‎circumstances should change, except as required by ‎applicable securities laws. Investors are cautioned ‎against attributing undue certainty to forward-looking ‎statements.‎

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/230387

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

/NOT FOR DISTRIBUTION TO UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES/

TSX Venture Exchange (TSX-V): LIT
Frankfurt Stock Exchange (FSE): OAY3
OTCQX Venture Market: LILIF

Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTCQX: LILIF) (‘Argentina Lithium’ or the ‘Company’) announces that further to the Company’s news release dated October 29, 2024 and amended on November 8, 2024 and despite significant interest from investors including existing shareholders, it will not be proceeding with the non-brokered private placement offering using the Listed Issuer Financing Exemption for the sale of: (i) a minimum of 8,000,000 units of the Company (each, a ‘ Unit ‘) at a price of $0.15 per Unit (the ‘ Offering Price ‘) for aggregate gross proceeds of $1,200,000 ; and (ii) a maximum of 23,333,334 Units at the Offering Price for aggregate gross proceeds of $3,500,000.10 (the ‘ Offering ‘).

Argentina Lithium & Energy Logo (CNW Group/Argentina Lithium & Energy Corp.)

The Company is considering alternate sources in funding that do not result in the issuance of shares nor any dilution to our current shareholders.

About Argentina Lithium

Argentina Lithium & Energy Corp is focused on acquiring high quality lithium projects in Argentina and advancing them towards production in order to meet the growing global demand from the battery sector. The Company’s 2023 strategic investment by Peugeot Citroen Argentina S.A., a subsidiary of Stellantis N.V., one of the world’s leading automakers, places Argentina Lithium in a unique position to explore, develop and advance its four key projects covering over 70,000 hectares in the Lithium Triangle of Argentina . Management has a long history of success in the resource sector of Argentina and has assembled some of the most prospective lithium properties in the world renowned ‘Lithium Triangle’. The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

ON BEHALF OF THE BOARD

‘Nikolaos Cacos’

_________________________________
Nikolaos Cacos , President, CEO and Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Argentina Lithium & Energy Corp.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2024/18/c3680.html

News Provided by Canada Newswire via QuoteMedia

This post appeared first on investingnews.com

HIGHLIGHTS

  • 27m @ 2.7 grams per tonne (‘g/t’) gold equivalent (AuEq.), including 12m @ 3.9 g/t AuEq. from 435m downhole in OEDD-98.

  • 10m @ 2.8 g/t AuEq. within 22m @ 2 g/t AuEq. from 454m downhole in OEDD-97.

  • Deeper drilling shows the BBM system remains open at depth and down plunge, with mineralization defined from surface to over 330 metres vertical depth.

  • Awalé has recently commenced a 4000m diamond drill program, fully funded by Newmont as part of a broader campaign that will continue throughout 2024 and into 2025.

Vancouver, British Columbia–(Newsfile Corp. – November 18, 2024) – Awalé Resources Limited (TSXV: ARIC) (‘Awalé‘ or the ‘Company‘) is pleased to announce results from the final two 525-metre (‘m’) deep holes of a 6,808-metres in 28 holes follow-up drilling program at the BBM Zone within the Odienné Joint Venture (‘OJV‘) in Côte d’Ivoire. These holes have intercepted mineralization at a planned depth exceeding 330m below surface (see Figure 1 – Drill Plan View, Figure 2 – Cross Section, and Figure 3 – Cross Section).

‘The BBM drill program has exceeded our expectations as we report the final two holes, which test the down-plunge continuity of this discovery. The highlighted intercept of 27 metres at 2.7 g/t AuEq. including 12m at 3.9 g/t AuEq. in hole OOEDD-98 is significant, and confirms the system is open at depth with the higher-grade core of BBM growing to 600 metres and remaining open.

A new interpretation of the drill data has introduced a fold model within the BBM mineralized shear, this can have a meaningful impact on grade and volume within the core zone of this discovery. We are still learning about BBM as drilling has been broadly spaced with only 6,808m drilled in 28 holes. We are excited to see drilling resume as we continue to explore the potential scale and significance of the BBM target.’ commented Andrew Chubb, CEO of Awalé Resources.

LINK TO BBM’s OEDD-98 Drill Core Photos

LINK TO ALL HI-RES FIGURES

Link to BBM Webinar

About the BBM Zone

BBM is an Awalé grassroots discovery (see January 11, 2024 news release). Gold and copper mineralization and alteration in the BBM system are controlled by a northwest striking shear zone that follows an intrusive/sedimentary contact. This shear zone lies parallel to an interpreted major crustal boundary and forms an 8-kilometre-long geochemical gold trend in termitaria and soil. The 6,808 metres of drilling in 28 holes completed to date have intercepted the target shear zone and covers only 2 kilometres of an 8-kilometre trend (see Figure 5). Awalé has continued to expand the potential of the BBM discovery with further intersections along strike from the initial discovery holes. The included interval of 12m at 3.9 g/t AuEq. (see Core Photos) continues to show there is increasing grade with depth. The Company has now completed 3 phases of drilling and has just commenced the fourth this drill season (see March 18, 2024 news release and September 9, 2024 news release).

Mineralization at BBM is steeply dipping (70 to 80 degrees) with a gentle plunge (45 to 55 degrees) toward the northwest. Recent interpretation suggests this plunge is controlled by isoclinal folding withing the BBM shear (see Cross Sections in Figure 2 and Figure 3 and Long Section in Figure 4). This fold geometry, along with the frequency of the folds, can have a significant impact on the grade and volume of mineralization.

The final two holes reported in this release were part of a program which consisted of 3,627 metres drilled across 10 diamond holes and 2 diamond tails (hole extensions from previous drilling, targeting footwall mineralization).

Alteration at BBM is dominated by silica and biotite with pyrite, chalcopyrite, and molybdenite as the main sulphide species. Recently, a fold model for control on the plunging mineralization has taken precedence over the footwall splay model previously discussed. What were previously considered as mineralized fingers of granodiorite are now interpreted to be fold hinges or ‘knuckles’. Current drilling will test this hypothesis and understanding the fold geometry and the controls on higher grade gold can have a positive effect on both the grade and volume of mineralization at BBM.

Drilling completed to date has consistently confirmed strong grade continuity within the distinct silica-biotite alteration system. The fold model suggests the potential for parallel higher-grade shoots within a core zone of robust mineralization that now exceeds 600m in length with an open vertical depth of 330m, true widths of the mineralized envelope are up to 50m. Mineralization also remains open outside the BBM discovery zone, with potential for other plunging shoots within the initial 2 km discovery as well as satellite discoveries along strike. The Company will continue with further step-out and infill drilling throughout the 2024-2025 field season. Prior to drilling the extension targets, an Induced Polarization (‘IP’) program is planned to aid in drill targeting in the satellite areas northwest of the BBM zone. This IP survey on the Joint Venture permits will complement and be completed alongside the IP planned over the 100%-owned Awalé ‘Sienso’ permit which abuts the BBM discovery zone (see October 22, 2024 news release).

Drill collar locations and full table of significant intercepts for the program are provided in Table 1 and Table 2 below.

Table 1: BBM Drilling Collar Cable – (from this program)

HOLEID EASTING NORTHING RL_M AZIM_TRUE DIP EOH_M Comments
OEDD0065 655949.04 1048015.91 450.19 35.00 -55.00 209.51 DD Tail from 66m (NSV)
OEDD0073 655796.27 1048113.92 448.95 35.00 -55.00 107.30 DD Tail from 209m
OEDD0089 655813.07 1047963.67 445.71 31.20 -57.47 410.00
OEDD0090 655993.81 1047946.69 450.68 35.00 -55.00 317.27
OEDD0091 656138.39 1047853.14 455.30 35.00 -55.00 194.20
OEDD0092 655702.70 1048073.71 451.07 35.00 -55.00 335.30
OEDD0093 655379.89 1048249.71 458.08 35.00 -55.00 278.27
OEDD0094 655518.24 1048148.92 457.56 35.00 -55.00 398.30
OEDD0095 655305.16 1048288.12 458.20 35.00 -55.00 284.15
OEDD0096 656212.45 1047770.64 460.13 35.00 -55.00 191.18
OEDD0097 655771.52 1047907.10 448.81 35.00 -55.00 524.00
OEDD0098 655709.29 1047942.84 451.40 35.00 -55.00 525.92

 

Table 2: Significant Intercepts – (from this program)

Hole From
(m)
To
(m)
Width
(m)
Au
(g/t)
Cu
(%)
Ag
(g/t)
Mo
(ppm)
AuEq.
(g/t)
Au
gm
AuEq.
gm
Comp
Trigger
(g/t)
OEDD0073 147.00 173.00 26 0.6 0.16 0.5 131 0.9 15 23 0.2
including 150.00 152.00 2 0.9 0.14 0.6 14 1.1 2 2 0.5
including 160.00 173.00 13 0.8 0.24 0.8 230 1.3 11 17 0.5
OEDD0089 318.00 353.00 35 2.2 0.48 1.9 567 3.3 77 114 0.5
Including 319.00 325.00 6 2.3 0.27 1.0 1071 3.5 14 21 2
Including 330.00 353.00 23 2.5 0.60 2.3 365 3.6 59 83 1
and 377.00 394.00 17 1.8 0.30 0.9 195 2.4 31 41 0.5
Including 384.00 390.00 6 3.1 0.55 1.6 353 4.1 19 25 2
OEDD0090 181.00 233.00 52 1.5 0.21 0.9 234 2.0 80 104 0.2
Including 212.00 231.00 19 2.6 0.31 1.1 246 3.2 50 62 2
OEDD0091 120.00 173.00 53 0.6 0.13 0.6 130 0.9 34 48 0.2
and 134.00 169.00 35 0.8 0.14 0.6 158 1.1 28 39 0.5
OEDD0092 84.00 89.00 5 0.7 0.46 1.5 18 1.3 4 7 0.5
Including 84.00 85.00 1 2.7 1.82 6.1 38 5.2 3 7 1
and 278.00 310.00 32 1.5 0.36 1.3 138 2.1 48 67 0.50
Including 287.00 302.00 15 2.4 0.38 1.3 181 3.0 35 45 1.00
OEDD0093 199.00 233.00 34 0.6 0.59 3.0 40 1.5 22 51 0.20
Including 180.00 182.00 2 2.5 1.16 4.8 36 4.1 5 8 1.00
and 211.00 232.00 21 0.8 0.74 3.9 40 1.9 17 40 0.50
Including 215.00 216.00 1 1.4 0.94 3.8 27 2.8 1 3 1.00
Including 220.00 221.00 1 3.8 1.02 6.4 132 5.3 4 5 1.00
Including 228.00 229.00 1 1.5 0.33 2.6 18 2.0 2 2 1.00
OEDD0094 241.00 257.00 16 0.7 0.37 0.9 146 1.3 12 21 0.50
Including 245.00 246.00 1 1.9 0.21 0.6 93 2.3 2 2 1.00
Including 252.00 253.00 1 1.1 0.54 1.0 99 1.9 1 2 1.00
Including 256.00 257.00 1 1.2 1.03 3.3 85 2.7 1 3 1.00
and 298.00 317.00 19 0.8 0.14 0.5 69 1.0 15 19 0.50
Including 298.00 303.00 5 1.1 0.20 0.6 146 1.5 6 8 1.00
Including 307.00 311.00 4 1.1 0.20 0.5 30 1.4 4 6 1.00
and 333.00 354.00 21 0.9 0.28 0.9 196 1.4 18 29 0.50
Including 337.00 349.00 12 1.1 0.32 1.0 231 1.7 13 21 1.00
and 353.00 354.00 1 1.8 0.35 1.3 43 2.3 2 2 1.00
OEDD0095 185.00 204.00 19 0.3 0.36 1.4 24 15.5 6 16 0.20
Including 192.00 193.00 1 0.6 0.81 3.5 63 1.7 1 2 0.50
Including 203.00 204.00 1 1.2 0.36 1.5 7 1.7 1 2 0.50
and 212.00 213.00 1 0.6 1.11 3.8 35 2.2 1 2 0.50
Hole From
(m)
To
(m)
Width
(m)
Au
(g/t)
Cu
(%)
Ag
g/t)
Mo
(ppm)
AuEq.
(g/t)
Au
gm
AuEq.
gm
Comp
Trigger
(g/t)
and 217.00 218.00 1 0.6 0.72 2.9 46 1.6 1 2 0.50
and 238.00 239.00 1 0.6 0.22 2.4 5 1.0 1 1 0.50
OEDD0096 126.00 137.00 11 0.3 0.15 0.4 178 7.0 3 7 0.20
Including 132.00 133.00 1 0.5 0.25 0.7 68 0.9 1 1 0.50
and 141.00 162.00 21 0.9 0.17 0.8 114 26.2 20 26 0.20
Including 144.00 146.00 2 2.2 0.38 1.5 227 5.8 4 6 1.00
Including 152.00 161.00 9 1.4 0.17 0.9 95 15.2 12 15 0.50
Including 156.00 159.00 3 2.9 0.32 1.6 112 10.4 9 10 2.00
OEDD0097 446.00 476.00 30 1.1 0.28 0.7 83 1.5 33 46 0.2
including 454.00 476.00 22 1.4 0.35 0.9 107 2.0 31 44 0.5
including 461.00 471.00 10 2.1 0.46 1.2 137 2.8 21 28 2
and 519.00 524.00 5 1.3 0.00 0.2 6 1.4 7 7 0.5
OEDD0098 435.00 462.00 27 1.9 0.40 1.4 279 2.7 52 72 0.5
including 435.00 445.00 10 1.34 0.25 0.92 241 1.9 13 19 1
including 449.00 461.00 12 2.86 0.59 1.95 338 3.9 34 47 1
and 482.00 498.00 16 1.0 0.23 0.8 129 1.4 16 23 0.5

 

About Awalé Resources

Awalé is a diligent and systematic mineral exploration company focused on discovering large high-grade gold and copper-gold deposits. Exploration activities are currently underway in the underexplored regions of Côte d’Ivoire, where the Company is focused on the Odienné Copper-Gold Project (‘Odienné‘ or the ‘Project‘), covering 2,489 km2 across seven permits. This includes 796 km2 in two permits held under the Awalé-Newmont Joint Venture (‘OJV’). Awalé manages all exploration activities over the OJV, with funding provided by Newmont Joint Ventures Limited (‘Newmont‘) (see May 31, 2022 news release).

Awalé has discovered four gold, gold-copper, and gold-copper-silver-molybdenum discoveries within the OJV and has recently commenced exploration on its 100%-owned properties following an $11.5 million capital raise in April 2024.

The Odienné Project is underexplored and has multiple pipeline prospects with similar geochemical signatures to Iron Oxide Copper Gold (IOCG) and intrusive-related mineral systems with substantial upside potential. The Company benefits from a skilled and well seasoned technical team that allows it to continue exploring in a pro-mining jurisdiction that offers significant potential for district-scale discoveries.

Quality Control and Assurance

Analytical work for drill samples is being carried out at the independent Intertek Laboratories in Ghana and Australia, an ISO 17025 (2017) Certified Laboratory. Samples are stored at the Company’s field camps and put into sealed bags until collected by Intertek from the Company’s secure Odienné office and transported by Intertek to their preparation laboratory in Yamoussoukro, Côte d’Ivoire, for preparation. Samples are logged in the tracking system, weighed, dried, and pulverized to greater than 85%, passing a 75-micron screen. Two pulps are prepared from each sample with one stream to Intertek Ghana for fire assay and a second to Australia where the sample is analyzed by 52 element ICP/MS with an Aqua Regia digest. Blanks, duplicates, and certified reference material (standards) are being used to monitor laboratory performance during the analysis. All fire assay samples returning greater than 5 g/t gold are routinely Screen Fire Assayed, in this special case lower than 5g samples up and down hole from the high-grade interval in OEDD-88 were also subject to Screen Fire Assays. As a further QC precaution due to visible gold presence, Intertek was requested to insert a quartz wash between each sample in the mineralized interval, ensuring no sample contamination in the preparation process.

Mineralized Interval Calculations

Significant intervals reported in this news release are calculated downhole length weighted intercepts. For the BBM target initial mineralized are calculated at a 0.2 g/t trigger and include up to 5 metres internal waste for of delineation mineralized zones. Included intervals are at 0.5 g/t, 1 g/t, and 2 g/t trigger values with 3m of internal waste only. Table 1 Contains a list of all BBM holes drilled this program – including extensions to OEDD-65 and OEDD-73 which contain mineralized intervals at less than the 0.2 g/t Au trigger value. True Widths are estimated to be 70% of the downhole widths.

Au Equivalent Calculations

Au Equivalent is calculated using the following parameters in USD: Au – 1910/Oz (Troy), Cu 3.80/lb, Mo 40,000/Tonne, and Ag 23.40/Oz (Troy). Prices are 12 month average for 2023 closing price, and the Formula AuEq = Au (g/t) + ((Cu (ppm) * 0.00014) + (Mo (ppm) * 0.00065) + (Ag (g/t)*0.01225)) assuming 100% recovery rates.

Abbreviations Used in this Release

Ag Silver  
Au Gold  
AuEq. Gold Equivalent  
Cu Copper  
Cu Eq. Copper Equivalent  
g/t Grams per tonne  
km Kilometres  
m Metres  

 

Qualified Person

The technical and scientific information contained in this news release has been reviewed and approved for release by Andrew Chubb, the Company’s Qualified Person as defined by National Instrument 43-101. Mr. Chubb is the Company’s Chief Executive Officer and holds an Economic Geology degree, is a Member of the Australian Institute of Geoscientists (AIG), and is a Member of the Society of Economic Geologists (SEG). Mr. Chubb has over 20 years of experience in international mineral exploration and mining project evaluation.

AWALÉ Resources Limited
On behalf of the Board of Directors

‘Andrew Chubb’

Chief Executive Officer
FOR FURTHER INFORMATION, PLEASE CONTACT:

Andrew Chubb, CEO
(+356) 99139117
a.chubb@awaleresources.com

Ardem Keshishian, VP Corporate Development & Investor Relations
+1 (416) 471-5463
a.keshishian@awaleresources.com

The Company’s public documents may be accessed at www.sedarplus.com. For further information on the Company, please visit our website at www.awaleresources.com.

Forward-Looking Information

This press release contains forward-looking information within the meaning of Canadian securities laws (collectively ‘forward-looking statements’). Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, plans, postulate and similar expressions, or are those, which, by their nature, refer to future events. All statements that are not statements of historical fact are forward-looking statements. Forward-looking statements in this press release include but are not limited to statements regarding, the Company’s presence in Côte d’Ivoire and ability to achieve results, creation of value for Company shareholders, achievements under the Newmont JV, works on other properties, planned drilling, commencement of operations. Although the Company believes any forward-looking statements in this press release are reasonable, it can give no assurance that the expectations and assumptions in such statements will prove to be correct. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and other risks involved in the mineral exploration and development industry, including those risks set out in the Company’s management’s discussion and analysis as filed under the Company’s profile at www.sedarplus.ca. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary governmental and regulatory approvals will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.

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.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/230353

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF) is pleased to announce its participation at the upcoming New Orleans Investment Conference on Saturday, November 23rd at the Hilton New Orleans Riverside. Bart Jaworski, CEO of Group Eleven Resources Corp. will be doing an investor presentation and participating in 1-on-1 meetings with investors at the conference.

The New Orleans Investment Conference gathers some of the world’s brightest and most successful analysts and investors. This year’s event will highlight all major asset classes, including the zinc market.

About Group Eleven Resources Corp.

Group Eleven has made a significant zinc-lead-silver discovery in Ireland, approximately 12 miles away from Glencore’s large and undeveloped Pallas Green zinc deposit. Group Eleven’s largest shareholders are Glencore and Michael Gentile.

About The New Orleans Investment Conference

The New Orleans Investment Conference is the one place where the world’s most sophisticated investors gather every year to discover new opportunities and strategies, exchange ideas, plan for the coming year and enjoy the camaraderie of like-minded individuals in America’s most fascinating and entertaining city.

Headliners at the New Orleans Conference over the last 50 years have included Lady Margaret Thatcher, former President Gerald Ford, novelist Ayn Rand, General H. Norman Schwarzkopf, Nobel Prize-winning economists Milton Friedman and F.A. Hayek, Dr. Henry Kissinger, Senator Barry Goldwater, Admiral Hyman Rickover, Louis Rukeyser, Sir John Templeton, Lord William Rees-Mogg, Charlton Heston, Jeane Kirkpatrick, Robert Bleiberg, Jack Kemp, William F. Buckley, General Colin Powell, Ron Paul and J. Peter Grace, among hundreds of other notables.

This year’s speakers line-up includes the likes of James Grant…George Gammon…Rick Rule…Danielle DiMartino Booth…Brent Johnson…Charles C.W. Cooke…Mary Katharine Ham…Jim Iuorio…Peter Boockvar…Jim Bianco…James Lavish…Adrian Day…Dave Collum…Alex Green…Bob Prechter…Tracy Shuchart…Avi Gilburt…Adam Taggart…Lawrence Lepard…Mark Skousen…Doug Casey…Tavi Costa…Peter Schiff…Lyn Alden…

…Chris Powell…Russ Gray…Robert Helms…Nick Hodge…Sean Brodrick…Lobo Tiggre…Scott McKay…Jennifer Shaigec…Mary Anne & Pam Aden…Dana Samuelson…Bill Murphy…David Morgan…Gary Alexander…Jeff Deist…Byron King…Albert Lu…Omar Ayales…Gerardo Del Real…Rich Checkan…Thom Calandra…and more, including Brien Lundin, host of this illustrious event.

Don’t miss out. Register for the 50th Annual New Orleans Investment Conference by clicking here.

For additional information, please contact:

Group Eleven Resources Corp.
Bart Jaworski
0858332463
b.jaworski@groupelevenresources.com
www.groupelevenresources.com

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

Gunnison Copper (TSX:GCU,OTCQB:EXMGF) is shifting its development strategy for the Gunnison copper project in Arizona, US, laying out plans for a conventional open-pit and heap-leach operation.

In a preliminary economic assessment (PEA), released on Thursday (November 14), the company explains that it is targeting the production of finished copper cathode for domestic consumption.

The PEA outlines an after-tax net present value of US$1.3 billion at an 8 percent discount, and an internal rate of return of 20.9 percent based on a long-term copper price of US$4.10 per pound.

Over its entire planned 18 year mine life, Gunnison is expected to produce 2,712 million pounds of copper cathode at an average cash cost of US$1.42 per pound and a sustaining cash cost of US$1.94 per pound. The estimated initial capital cost for the operation is US$1.3 billion, with an after-tax payback period of 4.1 years.

The company plans to develop the site as a vertically integrated operation, focusing on cost efficiency and environmental management. The PEA further states that the open-pit design will eliminate the need for tailings storage and will use less water per pound of copper compared to traditional concentrate production methods.

Gunnison will integrate an on-site sulfuric acid plant, generating 27 megawatts of clean energy.

Originally designed as an in-situ recovery (ISR) project, the decision to shift stems from advancements in sulfide leaching technologies and the potential for higher copper extraction rates through heap leaching.

The company retains the option to revert to an ISR operation if future circumstances warrant.

The Gunnison project is projected to contribute significantly to the local economy, with over US$840 million in taxes paid to federal, state and local governments, in addition to the creation of more than 650 local jobs.

Partnerships with community institutions are planned to provide training and support to local residents.

Based on the PEA results, Gunnison has been recommended to complete a prefeasibility study (PFS) for the open-pit project. This process is expected to take 18 months. Further drilling for mine planning purposes is also recommended, as are updates to the design of the acid plant. The company has also been advised to plan for infrastructure developments, including the addition of a rail spur to the Union Pacific Railroad and the relocation of Interstate 10.

The company has allocated a budget for these activities as part of its roadmap forward.

Gunnison, which recently changed its name from Excelsior Mining, emphasized the project’s role in supporting the US copper supply chain and highlighted its economic and operational feasibility.

In addition to the Gunnison project, the company also holds the past-producing Johnson Camp mine and additional exploration sites in Cochise County, Arizona. The Johnson Camp mine, in partnership with Nuton, a venture from major miner Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO), is expected to resume production in 2025.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Lightning Minerals (L1M or the Company) is delighted to announce the discovery of spodumene within a lithium bearing pegmatite at the Company’s recently acquired Esperança project. The discovery supports the Company’s approach to exploration in the district and its positive assessment of the prospectivity within the Lithium Valley region Minas Gerais, Brazil.

The discovery has been made during early-stage exploration programs which include project scale geological mapping, ground reconnaissance, and soil sampling. These early-stage programs remain ongoing with further results to come over the coming weeks. The discovery supports the Company’s exploration thesis and uplifts the remaining prospectivity across all three project areas: Canabrava, Caraíbas and Esperança projects.

HIGHLIGHTS

  • Artisanal excavations reveal a lithium bearing pegmatite with elongate crystalline spodumene crystals up to 50cm in length
  • LIBS (Laser Induced Breakdown Spectroscopy) results of spodumene crystals return up to 18,800 ppm Lithium, or 4.04% Li2O
  • Discovery provides walk up drill target for fully funded drilling campaign to begin Q1 2025
  • Soil sampling and geological mapping continues across the Esperança, Canabrava and Caraíbas projects with further results due over the coming weeks

Lightning Minerals Managing Director Alex Biggs said, “I am highly encouraged by these results from Brazil. As I have spoken about, as a team we are committed to discovery and completing our works in a diligent and structured manner, the proof of which is in these results. The Company is progressing its projects in Brazil quickly and cost effectively and generating significant results for the business which we feel will be transformational. I am proud of and congratulate our geology teams both in Australia and Brazil who have conducted themselves in a professional and astute manner which has been crucial in making a discovery such as this. This is a great first step for us in Brazil and is testament to the prospectivity of the region as I have discussed previously. We look forward to drilling in Q1 2025 and further results to come imminently from all three project areas in Brazil. I would also like to thank our shareholders who have supported our vision and exploration strategy. As a Company we are firmly committed to the lithium thematic and firmly committed to Brazil where we see significant potential moving forwards”.

Lithium Discovery at Esperança Project

During geological mapping fieldwork conducted in mid-November 2024 field geologists encountered a previously unknown historical artisanal mine within the Esperança project area. The site presented with a small access which opened into a set of sub vertical shafts sunk several meters into schists of the Salinas formation. Upon investigation the geology team has discovered pegmatitic lithologies in the walls of the excavations, of which the suite of minerals indicates inclusion of macro crystalline (up to 50cm) elongate crystals of spodumene as shown in Figure 1(a) and Figure 1(b).

The Company’s geologists have collected selective mineral specimen grab samples in sample VLM207 (Figure 2). Six separate minerals have been analysed via a SciAps Z-903 hand-held LIBS (Laser-Induced Breakdown Spectroscopy) device which has returned lithium endowment of up to 18,800 ppm lithium, which equates to a lithium oxide percentage of 4.04% Li2O.

The SciAps Z-903 handheld LIBS device is considered a qualitative analysis technique only and is used as an in-field preliminary check to establish if a mineral is lithium-bearing. Certified laboratory assays are required to provide accurate, quantitative analysis. A table of the six SciAps Z-903 handheld LIBS results testing the spodumene crystals is shown in Table 1. A full table of results are presented in Appendix 2, Table 2.

While the current field observations indicate that the mineral identified is a lithium-bearing mineral, the percentage of lithium produced from the LIBS analyser does not correlate to an accurate quantitative measurement of the lithium concentration of the mineral itself, or to the overall grade of the pegmatite.

Click here for the full ASX Release

This post appeared first on investingnews.com

Australian antiviral drug development company, Island Pharmaceuticals Ltd (ASX: ILA; Island or the Company) is pleased to announce progress on its ISLA-101 Phase 2a/b clinical trial in dengue fever.

  • All key data samples have been collected following dosing of all subjects in the Phase 2a (prophylactic) trial as part of Island’s ISLA-101 Phase 2a/b PROTECT clinical trial in dengue fever
  • Data currently being consolidated for review by the Safety Review Committee (SRC) in the coming weeks
  • On track to release SRC recommendation on advancing the trial to Phase 2b by end of this calendar year
In Island’s Phase 2a trial, subjects receive ISLA-101 before being infected with a weakened dengue virus developed by the US Army. The trial aims to assess whether ISLA-101 can prevent or reduce viremia and symptoms compared to a placebo, based on previous control data showing elevated viremia and symptoms in untreated subjects.

Following the announcement (ASX: 3 October 2024) that all subjects in the Phase 2a cohort of the trial had been dosed, Island confirms it has now collected the required samples to analyse how the viremia (viral load) levels in the blood of trial subjects have changed through the study. Other samples are being analysed for pharmacokinetic data as well as other blood analyses.

This data is currently being consolidated for review by the Safety Review Committee (SRC), who will meet in the coming weeks. The SRC will evaluate the safety of ISLA-101 in dengue infected individuals and consider if there is evidence of anti-dengue activity. They will then make a recommendation regarding advancing the trial to the Phase 2b cohort before the end of the calendar year.

Island’s CEO and Managing Director, Dr David Foster commented, “We are very pleased to be able to report that 46 days into the trial, we’ve collected the key data required for evaluation by the Safety Review Committee. From here, while we will continue to check in with patients up to 90 days post dosing, we look forward to providing all the data to the SRC for evaluation in the coming weeks. Importantly, this means we remain on track to report data before the end of the year from our Phase 2a component, and next steps for the Phase 2b cohort before the end of the year.”

Phase 2b will include 10 subjects randomised 8:2 (active: placebo) and will examine if ISLA-101 has activity as a treatment against dengue infection. This is the first time a potential countermeasure to combat the dengue virus, which afflicts more than 400 million individuals a year and for which there is no therapeutic option, is being investigated as both a preventative and therapeutic measure.

To subscribe to Island’s monthly newsletter, IslandWatch, and other forms of email communications, please visit this page of our website.

Click here for the full ASX Release

This post appeared first on investingnews.com

Description

During a fireside chat with analysts from Brookline Capital Markets, Radiopharm Theranostics’ (ASX:RAD) CEO Riccardo Canevari provided clinical and corporate updates highlighting the company’s achievements while waiting for the completion of its listing on the NASDAQ expected at the end of 2024.

Canevari provided some updates about the joint venture with MD Anderson Cancer Center and the progress with the B7-H3 targeting radio-antibody (BetaBart). BetaBart is the first targeted radiopharmaceutical against the 4Ig subtype of B7-H3, the most common subtype expressed in human tumors.

“Management is initially targeting small cell lung cancer but sees additional opportunities in colon, renal, lung, cervical, prostate and glioma cancers,” Canevari said. The joint venture is expecting to undertake its first-in-human Phase 1/2 therapeutic trial by mid-2025.

Canevari also outlined the progress of RAD’s focus programs including RAD101 for imaging brain metastases; RAD204 in NSCLC; RAD301 imaging in pancreatic cancer; and RAD202 in breast/gastric:

  • RAD 101, an F18 radiolabeled Pivalate for brain metastases, received FDA IND approval for a Phase 2b trial aiming to enroll 30 patients, with the first dose expected in Q4 2024 and results anticipated mid-2025.
  • RAD 204, a Lu-177-labeled nanobody targeting PD-L1 in NSCLC, recently dosed its first patient in a Phase 1 dose-escalating trial in Australia.
  • RAD 301, a 68Ga-labeled αvβ6-integrin for imaging Pancreatic Ductal Adenocarcinoma, also recently dosed its first patient in a Phase 1 trial at Montefiore Medical Center, building on positive compassionate use data from 99 patients.
  • RAD 402, targeting advanced prostate cancer with Tb-161, which has shown higher tumor uptake compared to Lu-177.

RAD initiated the process to obtain asecondary listing on the Nasdaq Capital Market in 2023, which the company expects to be completed by the end of 2024.

Highlights of the report

  • Clinical Updates — RAD has advanced several clinical programs which include RAD 101 with the first dose expected in Q4 2024.
  • Collaborations with Leading Industry Players — RAD has increased its ownership in Radiopharm Ventures to 75 percent from 51 percent.
  • NASDAQ Listing Expected YE 2024 — RAD is progressing toward a secondary listing on the NASDAQ Capital Market by the end of 2024.
  • Cash Runway Into June 2026 — In June 2024, RAD announced a capital raise of AU$70 million (USD $47million)

For the full analyst report, click here.

This content is intended only for persons who reside or access the website in jurisdictions with securities and other applicable laws which permit the distribution and consumption of this content and whose local law recognizes the scope and effect of this Disclaimer, its limitation of liability, and the legal effect of its exclusive jurisdiction and governing law provisions [link to Governing Law section of the Disclaimer page].

Any investment information contained on this website, including third party research reports, are provided strictly for informational purposes, are general in nature and not tailored for the specific needs of any person, and are not a solicitation or recommendation to purchase or sell a security or intended to provide investment advice. Readers are cautioned to seek the advice of a registered investment advisor regarding the appropriateness of investing in any securities or investment strategies mentioned on this website.


This post appeared first on investingnews.com

Radiopharm Theranostics (ASX:RAD, “Radiopharm” or the “Company”), a clinical-stage biopharmaceutical company focused on developing innovative oncology radiopharmaceuticals for areas of high unmet medical need, is pleased to announce that a clinical study featuring 68Ga-Trivehexin (68Ga-RAD 301), conducted by Dr. Rehm and colleagues from the Technische Universität Dresden, has now been published in Frontiers in Nuclear Medicine.

  • Clinical study of 44 patients published in ‘Frontiers in Nuclear Medicine’ by Dr Jana Rehm and colleagues demonstrated that Ga68-labelled RAD 301 is a safe and suitable agent for imaging in pancreatic cancer.
  • Results indicate that the primary tumor and metastases were well-visualized with a high tumor-to-background ratio.
  • A Phase I imaging trial (NCT05799274) with 68Ga-RAD 301 in pancreatic cancer patients to assess the safety and imaging characteristics of RAD 301 is currently ongoing.

The paper, entitled “αvβ6-integrin targeted PET/CT imaging in pancreatic cancer patients using 68Ga-Trivehexin”1, describes the clinical results of a retrospective study of the biokinetics of 68Ga- RAD 301 in pancreatic cancer patients. This 44-patient study is reported as the largest cohort of individuals imaged with RAD 301 with any tracer.

The primary tumor, as well as metastases in the liver, lymph nodes, peritoneum, lung, bone, spleen, pleural cavity, and soft tissues, were visualized with a high tumor-to-background ratio. With no adverse events recorded, the findings indicate that RAD 301 is a suitable and safe diagnostic agent for imaging αvβ6-integrin expression in pancreatic cancer.

RAD 301 is a peptide that targets αvβ6-integrin, a cellular marker for tumor invasion and metastatic growth, the expression of which correlates with decreased survival in several carcinomas, particularly pancreatic. The αvβ6-integrin receptor is found in high density on most pancreatic carcinoma and head and neck squamous carcinoma cells, making it an attractive potential diagnostic and therapeutic target in Pancreatic Ductal Adenocarcinoma (PDAC) and Head-and-Neck Squamous Cell Carcinoma2.

A Phase I imaging trial (NCT05799274) with 68Ga-RAD 301 in PDAC patients is currently being conducted at the Montefiore Medical Center, Albert Eistein College of Medicine, NY, USA. The study will assess the safety, radiation dosimetry and imaging characteristics of RAD 301 in patients with advanced PDAC3. In May 2023, the FDA granted Radiopharm with an Orphan Drug Designation (ODD) for RAD 301 in pancreatic cancer.

“Current imaging standards of care for the detection of PDAC have significant limitations, making this one of the highest areas of unmet medical need and posing a major challenge for healthcare providers in imaging PDAC patients,” said Riccardo Canevari, CEO and Managing Director of Radiopharm Theranostics. “These findings reinforce the clinical potential of RAD 301 as an imaging agent for the more sensitive and selective detection of pancreatic cancer and its metastases, ultimately advancing PDAC patient management.”

Click here for the full ASX Release

This post appeared first on investingnews.com