MONTRÉAL, May 08, 2018 -- Sphinx Resources Ltd. is pleased to announce the execution of a letter of agreement on May 2, 2018 to form a 50-50% joint venture with Osisko Metals Inc. with the objective to explore for zinc in highly prospective areas of the Grenville geological province in southern Quebec . Under the terms of this joint venture agreement Sphinx and Osisko agree to: each spend a minimum of $ 1,100,000 [...]
Sphinx Resources, Canada Strategic Metals and Matamec Explorations are pleased to announce that Canada Strategic and Matamec have agreed to a business combination by way of court approved plan of arrangement to create a new James Bay-focused gold exploration company to be named Quebec Precious Metals Corporation, herein referred to as “QPM”. In addition to and immediately prior to and conditional on the successful [...]
MONTREAL, March 20, 2018 -- Sphinx Resources Ltd. and its partner SOQUEM are pleased to announce the results from the remaining nine holes from the 11-hole diamond drilling program completed earlier this year on the Calumet-Sud project in Quebec. The results include 13.1% zinc over 1.0 m in hole CS-18-02 within a stratiform and shallow-dipping mineralized horizon that graded 3.8% zinc over a 5.0 m length beginning at a [...]
Sphinx Resources and its partner SOQUEM are pleased to announce that hole CS-18-07 returned 6.6% zinc over 1.4 m within a stratiform and shallow-dipping mineralized horizon that graded 3.0% zinc over a 6.8 m length beginning at a depth of 18 m from their recently completed diamond drilling program on the Calumet-Sud zinc project in Quebec. This hole follows the announcement of the results of hole CS-18-06 that returned [...]
Sphinx Resources and its partner SOQUEM are pleased to announce the initial results of their recently completed diamond drilling program on the Calumet-Sud zinc project in Quebec. Hole CS-18-06 returned 9.0% zinc over 1 m within a stratiform and shallow-dipping mineralized horizon that graded 3.1% zinc over a 6.4 m length beginning at a depth of 15.6 metres. Based on outcrop measurements of mineralization and drill hole [...]
Sphinx Resources Ltd. and its partner SOQUEM are pleased to announce the completion of their second diamond drilling program. Eleven holes have been drilled for a total of 426 m on the Calumet-Sud zinc project . The visual observations show that: On the Sonny Zone, all eight holes intersected a sub-horizontal zinc-bearing horizon that is continuous over 113 m with a width of 60 metres. It starts at surface and continues [...]
Sphinx Resources Ltd. and its partner SOQUEM are pleased to announce the start of a new diamond drilling program comprising of 10 holes totalling approximately 500 m on the Calumet-Sud zinc project . This campaign follows the discovery of new and extensive zinc mineralization on surface as part of a stripping program on the Sonny and Sonny West zones of the Project . The program aims to identify the continuation of the [...]
Sphinx Resources and its partner SOQUEM are pleased to report the discovery of extensive surface zinc mineralization as part of a stripping program on the Calumet-Sud project . Channel sample composite 17-04 assayed 2.37% Zn over 20.3 m, sample composite 17-06 6.0 m at 3.23% Zn, and sample composite 17-05 4 m at 3.34% Zn. The discovery area is located 2 km from the historic New Calumet Mines Limited zinc-lead-silver-gold [...]
Sphinx Resources Ltd. announces that it has closed a non-brokered private placement for aggregate gross proceeds of $247,880. The Private Placement was comprised of: 1,244,000 units of the Corporation at a price of $0.05 per unit. Each unit consists of one common share in the capital of the Corporation and one common share purchase warrant. Each warrant entitles the holder to acquire one common share at a price of $0.08 [...]
Sphinx Resources Ltd. is pleased to announce that strong zinc anomalies, with values up to 5,650 ppm zinc and 271 ppm lead, have been identified following a soil sampling survey carried out earlier this fall on its 100% owned Tessouat project . These results defined anomalous zinc and lead values over an area of about 400 m by 400 m, located in the central portion of the Project. The detailed soil survey was designed to [...]
Sphinx Resources Ltd. and its partner SOQUEM are pleased to report additional positive results for zinc and lead from a soil sampling program on the Calumet-Sud project . The detailed soil survey with a spacing ranging from 25 m to 100 m was carried out to determine the extension of the mineralized trends and to better delineate the strong zinc and lead anomalies identified during the previous surveys. These new results [...]
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