Bocana Resources Corp. Reports on the Recent Site Visit to the Arizona Mining Claims
CALGARY, Alberta, Sept. 04, 2025 (GLOBE NEWSWIRE) -- Bocana Resources Corp. (TSXV: BOCA) (Frankfurt: VC1) ( "Bocana " or the "Company "), further to the press release dated August 11, 2025 and August 18, 2025, in connection with the due diligence efforts of the Company, a recent week long site visit was conducted during the week of August 24th to the U.S. Bureau of Land Management ( "BLM ") placer mining claims (the "Claims ") owned by LP Associates, LLC. in Tucson, Arizona.
The Company and project investors met with local geologists, mining consultants, BLM officials, lawyers that specialize in similar mining projects, and took an extensive tour of the multiple Claims associated with this project.
As part of this effort, there were 5 core samples taken immediately adjacent to previously drilled and sampled cores, exactly 10 feet deep, with the intent of verifying the results from the previously cored samples. Each sample was collected, identified, and prepared for shipment to certified labs for analysis. The assay results are expected to be received in approximately 3 to 4 weeks.
Together with our consulting geologists, a meeting was held at the BLM’s Tucson Field Office to discuss the permitting process as it exists today and what a streamlined permitting process may look like in light of recent events. In a historic act, the U.S. Department of the Interior (“DOI”) has recently proposed adding silver and platinum to its Critical Minerals List in the draft version for 2025. As the DOI press release stated, “The draft list will guide federal strategy, investment, and permitting decisions designed to secure the minerals needed to drive the U.S. economy and protect national security. The List of Critical Minerals informs direct investments in mining and resource recovery from mine waste, stockpiles, tax incentives for U.S. mineral processing, and streamlined mining permitting.” The List of Critical Minerals will undergo a 30-day public comment period before becoming official, at which time the expedited permitting procedures will be introduced and are expected to significantly benefit the Company’s submitted development plans for this area.
“The recent site visits certainly exceeded my expectations,” said Tim Turner, Bocana’s Chief Executive Officer. “Almost every hour of the six-day visit was busy with on-site geological sampling, permitting plans, meetings with key mining consultants and lawyers, and officials at the local BLM Regional Office. Excellent core samples were acquired, packaged, and shipped to the labs for assay analysis. We look forward to receiving the detailed assay results, subject to the lab 's current workflow, and immediately begin moving this project forward.”
The TSX Venture Exchange has in no way passed upon the merits of the transaction and has neither approved nor disapproved the contents of this press release.
About Bocana Resources Corp.
Bocana is a mineral exploration company focused on the acquisition, exploration, and development of mineral properties in North and South America. Bocana, through its wholly owned subsidiary, Huiracocha International Service SRL, holds a 100% working interest in the mineral properties known as the Escala area concessions located in the Department of Potosi, Sud Lipez Province, Bolivia, as awarded by Comibol.
Contact Information
For more information on Bocana, visit: https://bocanaresources.com.
For more information or interview requests, please contact:
Timothy J. Turner – Chief Executive Officer
info@bocanaresources.com
(713) 858-3329
Forward-Looking Information
This news release contains "forward-looking information " within the meaning of applicable securities laws. Forward-looking information can be identified by words such as: "intend ", "believe ", "estimate ", "expect ", "may ", "will ", "approximately ", "planning ", "projected ", "anticipate ", and similar references to future periods. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Bocana, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but without limitation, statements pertaining to the completion of the acquisition including Bocana 's ability to obtain financing and the necessary approvals, including regulatory approvals for the acquisition, the negotiation and execution of a definitive agreement, the estimates of potential quantity, grade, and metal and mineral content at the Claims, Bocana 's assessment of the reliability and relevance of the historical drill results, the results of the due diligence investigations, and the ability of Bocana to operate the exploration and development programs for the Claims. All statements included herein involve various risks and uncertainties because they relate to future events and circumstances beyond Bocana 's control.
Forward-looking statements are inherently uncertain, and the actual performance may be affected by several material factors, assumptions and expectations, many of which are beyond the control of the parties, including expectations and assumptions concerning (i) the seller; (ii) the transaction; (ii) the ability of the Parties to negotiate and enter into the definitive agreement on satisfactory terms as proposed, (iii) the timely receipt of all required regulatory approvals (as applicable), including the approval of the TSXV, (iv) if the definitive agreement is entered into, the satisfaction of other closing conditions in accordance with the terms of the definitive agreement, (v) the ability of the Parties (as applicable) to complete the required financing and/or the transaction on the terms previously outlined (or at all) and (vi) the completion of satisfactory due diligence of the Claims. Although Bocana has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. Readers are cautioned not to place undue reliance on forward-looking information. The forward-looking statements contained in this news release are made as of the date hereof, and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law. This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.
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 news release.
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