Emergent Metals Seeks Partner for New York Canyon Property
Vancouver, British Columbia — April 25, 2026 — Leads & Copy — Emergent Metals Corp. is marketing its New York Canyon Property, NV, for sale, option, or joint venture. The property consists of 320 unpatented mineral claims and 21 patented mineral claims, totaling approximately 6,800 acres. It is located in the Santa Fe Mining District, Mineral County, west-central Nevada, about 30 miles east of Hawthorne.
The New York Canyon property is made up of two non-contiguous blocks of claims: the North Block and the South Block. The South Block hosts copper skarn and porphyry mineralization in three main target areas: Longshot Ridge, Copper Queen, and Champion. The North Block hosts copper skarn, porphyry, and gold mineralization and is adjacent to the past-producing Santa Fe Mine, being advanced toward production by Lahontan Gold Corporation.
Target areas on the North Block include Emma (copper) and the Yorkie targets (gold). In October 2025, Emergent sold 27 claims, part of the North Block, to Lahontan for US$60,000 in cash and 2,000,000 shares. The Santa Fe Mine historically produced 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open-pit mines utilizing heap-leach processing.
The Santa Fe Mine has a National Instrument 43-101 Indicated Mineral Resource of 1,539,000 oz Au Eq (48,393,000 tonnes grading 0.92 g/t Au and 7.18 g/t Ag, together grading 0.99 g/t Au Eq) and an Inferred Mineral Resource of 411,000 oz Au Eq (16,760,000 grading 0.74 g/t Au and 3.25 g/t Ag, together grading 0.76 g/t Au Eq), all pit constrained. Au Eq is inclusive of recovery.
Deposits were discovered and mined at New York Canyon as far back as 1875. The property has been explored since the 1960s by Conoco, Kookaburra Resources Ltd., and various joint ventures, including Coca Mines and Phelps Dodge. Aberdene Mines Ltd. (subsequently renamed Canyon Copper Corporation and then Searchlight Resources Inc.) acquired the property around 2004. Total drilling on the Property, before Emergent’s ownership in 2024, was 139,056 ft in 274 holes.
The length from Copper Queen to Longshot Ridge is 6.4 km (4.0 miles). The average width of the known mineralization is 3.2 km (2.0 miles). Copper mineralization is found in all three deposits.
Copper is recognized as a critical mineral for the U.S. economy, national defense, and energy transition. Copper was initially recognized as a critical metal in 2023 by the Department of Energy and was recently added to the 2025 USGS List of Critical Minerals due to high supply chain risks.
Conoco reported a 142 million tons inferred resource grading 0.35% copper, 0.015% molybdenum, 0.1% Zn, 4 ppm silver, and 0.1 ppm gold for the Copper Queen deposit in 1979. In another internal report completed in 1979, Conoco reported “possible reserves from drill-hole data and geologic interpretation on cross sections” of 13.2 million tons grading 0.55% copper for the Longshot Ridge prospect. These are historical reserve and resource estimates prepared before the implementation of NI 43-101.
Work by Searchlight focused on the Longshot Ridge area, where they drilled 27,605 feet in 73 holes. In a 2010 NI 43-101 Technical Report, Searchlight defined a historic indicated resource of 16.3 million tons of 0.43% copper and a historic inferred resource of 2.9 million tons of 0.31% copper in the Longshot Ridge copper oxide skarn area. A cut-off grade of 0.20% copper was used.
Drilling reported in a May 10, 1979, internal report, included a significant interval of chalcopyrite and molybdenite mineralization in drill-hole MN-42, drilled in 1977. MN-42 intersected 1,020 ft (310.9m) of 0.41% Cu, 0.012% Mo, 4.5 ppm Ag, and 0.1 ppm Au from 560 ft (170.7 m) to 1,580 ft (481.6 m) (true width unknown). Kennecott Exploration Company re-assayed MN-42, with re-assay results including 1,310 ft (399.3 m) of 0.341% Cu, 0.012% Mo, 3.3 ppm Ag, and 0.04 g/t Au (0.443 CuEq) from 350.0 ft (106.7 m to 1,660 ft (506.0 m).
In February 2020, Emergent announced it had signed an Earn-in with Option to Joint Venture Agreement with Kennecott, a subsidiary of Rio Tinto plc. Between 2020 and 2023, Kennecott completed approximately US$6.7 million in exploration expenditure, including geologic mapping, re-assaying of selected intervals of 10 historic core holes, surface rock chip sampling, UAV magnetic geophysics and DEM survey, passive seismic survey, carbon-oxygen isotope analysis, and 19,059 ft of diamond core drilling.
In June 2023, Kennecott elected to terminate the Option to Earn-in Agreement, effective June 29, 2023. Kennecott transferred all its exploration data to Emergent, as well as the mineral claims it had staked.
In May 2024, Emergent announced that it had signed an Option Agreement for Purchase and Sale of the New York Canyon Property with Ivanhoe Electric Inc. Ivanhoe conducted exploration on the Property, including mapping, geophysics, and rock chip sampling. In early 2025, Ivanhoe dropped the White Hills Property and subsequently terminated the Option Agreement at New York Canyon, effective July 12, 2025.
In October 2025, Emergent announced it had sold 27 claims, part of the New York Canyon Property, to Lahontan. Terms of the transaction included US$10,000 paid on signing a LOI, a promissory note with a 6-month term for US$50,000, and 2.0 million Lahontan common shares. In addition, Lahontan granted Emergent a 1% net smelter royalty on the 27 claims, hereinafter referred to as the York Property.
David Watkinson, President and CEO of Emergent, stated that both Kennecott’s and Ivanhoe’s work confirmed the potential exists for the discovery of additional skarn and copper porphyry mineralization on the North and South Blocks of the Property, as well as gold mineralization on the North Block. Emergent is currently searching for a partner to acquire to advance NY Canyon.
All scientific and technical information in the release was reviewed and approved by David Watkinson, P.Eng., a non-independent Qualified Person for Emergent under National Instrument 43-101.
Emergent is a gold and base metal exploration company focused on Nevada and Quebec. In Nevada, Emergent’s Golden Arrow Property is an advanced-stage gold and silver property. New York Canyon is an advanced-stage copper skarn and porphyry exploration property. The West Santa Fe Property is a gold, silver, and base metal property, subject to a Lease with an Option to Purchase Agreement with Lahontan Gold Corporation. Buckskin Rawhide East is a gold and silver property leased to Rawhide Mining LLC.
In Quebec, the Casa South Property is a gold exploration property located south of and adjacent to Orezone Gold Corporation’s operating Casa Berardi Mine and north of and adjacent to IAMGOLD Corporation’s Gemini Turgeon Property. The Trecesson Property is a gold exploration property located about 50 km north of the Val d’Or mining camp.
Emergent has a 1% NSR in the Troilus North Property, part of the Troilus Gold Project, being advanced by Troilus Mining Corporation toward production. The Company has a 1% NSR in the EastWest Property, part of Agnico Eagle Mines Limited Canadian Malartic Complex. Emergent also has a 1% NSR on the York Property, part of Lahontan Gold’s Santa Fe Mine in Nevada, being advanced toward production.
Note that the location of Emergent’s properties adjacent to producing or past-producing mines or advanced stage properties does not guarantee exploration success at Emergent’s properties or that mineral resources or reserves will be delineated.
Source: Emergent Metals Corp.
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