Western Metallica Resources Corp. announces that it has amended its previously announced bridge financing for an increased amount of up to CDN$300,000 from Gregory Duras, Chief Executive Officer and Director of the Company . To date, the Company has drawn down CDN$230,000. All other terms of the Amended Bridge Loan are unchanged. The Amended Bridge Loan constitutes a "related party transaction" ?under Multilateral [...]
Western Metallica Resources Corp. is pleased to report results from its inaugural scout drilling program at the Luz Maria copper-molybdenum target, located within the Company's 100%-owned Caña Brava Project, Northern Peru. Full results from the three initial drill holes have been received, confirming homogeneous copper and molybdenum grades throughout. The increase in sulfide content, and the change from disseminated [...]
Western Metallica Resources Corp. announces it has secured bridge financing in the amount of CDN$100,000 from Gregory Duras, Chief Executive Officer and Director of the Company , in order to continue to advance its exploration activities at the Luz Maria copper-molybdenum target, located within the Company's 100%-owned Caña Brava Project, Northern Peru. The Bridge Loan bears interest at 10% per annum. The Bridge Loan [...]
Western Metallica Resources Corp. is pleased to report initial results from its ongoing drill program at the Luz Maria copper-molybdenum target, located within the Company's 100%-owned Caña Brava Project, Northern Peru. The initial two completed drill holes hit at least two diorite intrusions and a polymictic hydrothermal breccia, displaying consistent strong potassic alteration, multiple vein systems and sulfide [...]
Western Metallica Resources Corp. is pleased to announce that drill crews working at the Luz Maria copper-molybdenum drill program have completed the first hole ever drilled at its 100% owned Caña Brava project. Drill hole LM24DD001 was completed by contractor Energold to a depth of 396.1 metres, and drilling of the second hole is currently underway. Logging of drill holes LM24DD001 and LM24DD002 confirms the presence of [...]
Western Metallica Resources Corp. is pleased to announce that drilling has commenced at the Luz Maria copper porphyry prospect having now progressed with 200 metres of the 350 metres planned for the 1st of a total of 6 drill holes outlined for the current program for an anticipated 2,100 metres of drilling. The intention is to test combined high magnetic and chargeability anomalies as well as Cu and Mo geochemical [...]
Western Metallica Resources Corp. is pleased to announce that it has closed its previously announced non-brokered private placement financing of units of the Company , pursuant to which the Company issued 10,833,345 units of the Company at a price of $0.03 per Unit for gross proceeds of $325,000 . Each Unit consists of one common share of the Company and one common share purchase warrant . Each Warrant shall entitle the [...]
Western Metallica Resources Corp. is pleased to announce that it will undertake a non-brokered private placement of 33,333,333 units of the Company at a price of $0.03 per Unit for aggregate gross proceeds of up to C$1 million . The net proceeds of this Offering are intended to support the Company's upcoming drill program at its Luz Maria porphyry prospect and other exploration work at its Caña Brava 1 porphyry prospect [...]
Western Metallica Resources Corp. is pleased to announce that it is finalizing logistics and accesses to support its drill program at its Luz Maria prospect commencing the last week of October 2024, located within its 100%-owned Caña Brava Copper Project in Northern Peru. In parallel, the Company is advancing drill targeting at the Project's other porphyry prospect, Caña Brava 1. Moreover, the Company is pleased to [...]
Western Metallica Resources Corp. is pleased to announce the launch of a first drill program at its Luz Maria copper porphyry prospect, with commencement of operations to occur in October. The Luz Maria prospect is located within its 100%-owned Caña Brava Copper Project in the La Libertad Department of Northern Peru, a well-situated project less than 12 kilometres east from Hudbay's Llaguen Cu-Mo deposit, a large emerging [...]
Western Metallica Resources Corp. is pleased to announce that it has successfully renegotiated the terms of its Option Agreement for the acquisition of a 100% interest in the Caña Brava Copper Project , situated in the La Libertad Department in Northern Peru, in the under-explored territory of a Cu-Mo metallogenic belt that hosts, to the South, world-class deposits such as MMG's Las Bambas Mine, Hudbay Minerals Constancia [...]
Western Metallica Resources Corp. is pleased to provide an update on its current exploration activities aimed at advancing the Luz Maria and Caña Brava 1 drill targets, two key copper-molybdenum porphyry prospects located within its 100% owned Caña Brava Project, situated in the La Libertad Department of Northern Peru. Western Metallica announces that it has received the permit to drill from 19 platforms, along with [...]