- Carlyle Commodities (CSE:CCC) recently acquired Miramis Mining Corp., who focuses on the exploration and development of mineral property interests
- Miramis holds an option to acquire a 100 per cent interest in the Nicola East property , known for its high geological potential, it hosts numerous copper and gold occurrences associated with porphyry-type deposits
- Carlyle also completed its field program at the Quesnel gold project, which included a biogeochemical survey designed to test for potential extensions of the historic G-South mineralization
- Carlyle Commodities stock (CSE:CCC) last traded at $0.020
Carlyle Commodities (CSE:CCC) recently made significant strides in its growth and exploration efforts. The company has acquired Miramis Mining Corp., secured an option on the Nicola East property, completed its field program at the Quesnel gold project, and provided an update on its business for shareholders.
Miramis Mining acquisition
In a media release, the Carlyle team discussed the completed acquisition of Miramis Mining Corp., an unlisted reporting issuer in British Columbia and Alberta. Miramis, incorporated in October 2012, focuses on the exploration and development of mineral property interests. The acquisition was executed through a “three-cornered” amalgamation, resulting in Miramis becoming a wholly-owned subsidiary of Carlyle.
As part of the transaction, Carlyle issued 23,843,411 common shares to Miramis shareholders, valued at approximately $715,302.33. Additionally, Miramis warrant holders can now exercise their warrants to receive Carlyle shares.
Nicola East property option
Miramis holds an option to acquire a 100 per cent interest in the Nicola East property, located 24 kilometers northeast of Merritt, British Columbia. This area, known for its high geological potential, hosts numerous copper and gold occurrences associated with porphyry-type deposits.
Quesnel gold project field program completion
Carlyle has also completed its field program at the Quesnel gold project, located in the Cariboo Mining Division, 30 kilometers northeast of Quesnel, B.C.. The program included a biogeochemical survey designed to test for potential extensions of the historic G-South mineralization. The survey collected 53 biogeochemical tree bark samples.
Historic exploration has identified gold and copper mineralization on the property, hosted in veins, shears, and stockworks within andesitic rocks near intrusive contacts. The Quesnel gold project benefits from year-round access due to its proximity to main highways and power lines.
Corporate update
Since September, Carlyle has been active in expanding its asset portfolio and shareholder base. The amalgamation with Miramis has brought over 100 new shareholders and additional cash from the Miramis treasury. This strategic move is expected to lower operating costs and increase shareholder liquidity and market exposure.
Carlyle is particularly pleased with its 100 per cent interest in the Quesnel gold project and the positive results from its first field exploration program. The company is also eager to dive deeper into the ramifications around the option to acquire a 100 per cent interest in the Nicola East Mining project, where recent fieldwork has shown promising results.
Nicola East mining project exploration
Field crews from Hardline Exploration Corp. recently completed a multi-day prospecting program at the Nicola East mining project. The program aimed to follow up on 2023 results, which included a grab sample returning 3.04 g/t Au. The recent exploration collected 35 samples, highlighting visible copper mineralization and promising geological features.
Carlyle Commodities stock (CSE:CCC) last traded at $0.020 and though it has lost 83.33 per cent since the beginning of the year, it is up 33.33 per cent since last month.
Carlyle Commodities Corp. is a mineral exploration company focused on the exploration and development of mineral resource properties. Carlyle owns 100 per cent of the Newton project in B.C.
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(Top image: Nicola East rock samples map via Carlyle Commodities Corp.)