District-Scale Copper Targets, But Can Drilling Confirm a System? | Tribeca Resources CEO Interview

Antonio (0:00)

This video is sponsored by Terrahutton, who makes the invisible, investible. Today in our CEO BBQ, Copper Exploration in Chile, together with Tribeca Resources. But if you're short on time, subscribe to our free newsletter, and once a week, we'll send you a five-minute summary of all interviews we put out, resourcetalks.com for a free weekly newsletter. Now, although this company has paid us for the production of this video, you should still understand that we are not financial advisors, and this is not intended as financial advice. It is a broad, general and in-personal piece of information intended only for those who know and understand the risks of junior mining, of which there are many. Before moving on, read the company's official filings on CedarPlus.ca and do your own due diligence. Pause the screen and read all the disclaimers I've shown you because your capital is at risk. If this isn't clear, go to the last section of this video for a longer explanation of the risks and biases, and do not consume this content if you don't agree with everything said therein. Moving on, this is not Tribeca's first time on the CEO BBQ, so if it's your first time hearing about the company, I'm going to post a link to a playlist where you're going to find two interviews that I've done with Tribeca so far. They contain the smell test, the basic grilling, a bit of an update on what they were doing. Again, we're not going to be repeating all that in here, but those are important things, so go and watch those first if you haven't.

In a nutshell, though, for Tribeca Resources, the flagship is...

I'm actually not even so sure in saying that because there's a few projects, the flagship technically is La Higuera. It's an IOCG project about 40 kilometers north of La Serena in Chile's Coquimbo region within the coastal iron oxide copper gold belt. The main discovery there is called Gaby against an IOCG style copper gold system that's drilled over roughly 1.4 kilometers of strike with the best reported intercepts to date of close to 270 meters at 0.6% copper and 0.14 grams per ton gold, including 90 meters of 1% copper and 0.2 grams per ton of gold. The other project which we will talk a lot about today is Higuata. It's a 10,000 hectare pore-free copper molybdenum and hopefully some gold in there, as well as high-sulfidation epithermal target in Chile's Tarrapacar region, or Tarrapacar region, actually. They also hold the Chiricuto IOCG project in the Monteverde district. That project is currently secondary as far as I could tell still, so I don't think it would be a big part of the conversation today, but if we have the time, we'll touch upon it in the latter part of the conversation. Now, for some of the numbers in the middle of the details here, Tribeca Resources listed as TRBC on the TSX-V in Canada, where the average 3-month daily volume is about 27,000 units. The stock's 52-week high is 35 cents and a 52-week low is 17 cents. With the market cap of a little over $24 million and 97.5 million shares outstanding, today this is a 25-cent stock with a 50 and a 200-day moving average at respectively 24 and 23 cents. Enough of me for now though.

I've done enough so far and in the previous interviews, enough of an introduction at least, and it's time for me to shut up already. Gentlemen, I'll give you the word here. But first of all, thank you for sitting down with me today.

Thomas Schmidt (3:19)

Good to be here.

Paul Gow (3:19)

Thanks for having us.

Antonio (3:21)

It's been a while since we last sat for an update.

I thought we might have more to talk about, but that's also a topic in and of itself, so we will talk about that as well. But let's maybe do a summary here off the bat. What have you done for shareholders since we last spoke in May?

Paul Gow (3:39)

Well, way back in May, I'm trying to think, was that 25 or 26? Yeah, earlier this year.

We've been absolutely flat out. I guess you mentioned our three projects there, so I won't talk much about Chiricuta. You said that's secondary at the moment. That's a bit on the back burner for various reasons.

But we've been pushing ahead with two other projects, La Higuera and Jiguata. We've done one drilling program at La Higuera that we can talk about in due course. Then we've done a lot of fieldwork up at Jiguata, which is turning out to be a massive system. Perhaps a bit underappreciated in terms of its size. But we've collected a lot of ground data and geophysical data. We've put it all together and those targets have just come out in the last month, I guess. We actually put a news release out last week detailing some of those targets. So we came up with actually 23 targets and we've honed it down to the top five that we're now looking at how we might tackle them in a drill stage. So it's been not a lot of news with absolute drill results coming out, but a lot of progress since May, that's for sure.