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Lexston Mining Corporation Closed the Private Placement
Thenewswire· 2026-01-20 14:00
Core Viewpoint - Lexston Mining Corporation has successfully closed a non-brokered private placement, raising $500,000 through the issuance of 6,250,000 units at a price of $0.08 per unit, with each unit consisting of one common share and one common share purchase warrant [1] Group 1: Financial Details - The private placement raised gross proceeds of $500,000 [1] - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of one common share at a price of $0.10 for five years [1] - The proceeds from the private placement will be used for exploration expenditures and general working capital [2] Group 2: Regulatory and Compliance Information - All securities issued in the private placement are subject to a four-month statutory hold period until May 21, 2026 [3] - No finder's fees were paid in relation to the private placement [2] Group 3: Company Overview - Lexston Mining Corporation is a Canadian mineral exploration company focused on acquiring and developing mineral projects to enhance value for stakeholders [4] - The company has mineral exploration projects located in British Columbia and Nevada [4]
San Lorenzo Gold Announces Final Closing of Private Placement and Amended Advisory Engagement Agreement
Thenewswire· 2026-01-20 14:00
CALGARY – TheNewswire - January 20, 2026 - San Lorenzo Gold Corp. ("San Lorenzo" or the "Corporation") (TSXV: SLG) is pleased to advise, further to its news releases dated December 11, 15, 19 and 29, 2025, that it has completed the second and final closing (“Final Closing”) of its previously announced private placement of units (“Units”) and issued 5,567,193 Units for gross proceeds of $3,451,659.66, bringing the total raised under the upsized private placement to $5,999,999.78 (the “Offering”). Each Unit ...
Grafton Resources Announces LOI to Acquire Silver One Project in Chile
Thenewswire· 2026-01-20 14:00
Core Viewpoint - Grafton Resources has entered into a non-binding letter of intent to acquire a 100% interest in the Silver One project in Chile, which is seen as a high-grade silver-copper target with significant development potential [1][2]. Project Overview - The Silver One project is located in the historic Au-Ag-Cu mining Pedernal district of central Chile, accessible via established roads [4]. - The project area hosts nearly 90 ore bodies, primarily polymetallic veins, and is characterized by epithermal low sulfidation vein systems [5]. - Historical mining indicates the presence of silver-copper-bearing sulphide vein systems, with significant grades reported in waste material [6][7]. Geological Interpretation - The project targets mineralized veins hosted within grey volcanic breccias, with a favorable horizon for Ag-Cu sulphide deposition [8]. - Historic waste dump material averages 296 g/t Ag and 2.6% Cu, indicating high potential for valuable mineralization [10]. Acquisition Terms - The proposed acquisition involves a total consideration of C$820,000, including a cash payment of C$100,000 and the issuance of 800,000 common shares valued at C$720,000 [11]. - The shares will be subject to voluntary escrow provisions over 36 months [11]. Next Steps - The company plans to drill the Silver One project in the second half of 2026 and is building a local exploration team [3]. - Future steps include securing access to historic stopes, conducting targeted geophysical surveys, and focused drilling to test mineralization continuity [14]. Company Background - Grafton Resources is a Canadian exploration company focused on mineral asset discovery and development in the Americas, emphasizing responsible exploration and community partnerships [19].
Happy Creek Announces Resignation of Director
Thenewswire· 2026-01-20 14:00
January 20, 2026 – TheNewswire - Vancouver, British Columbia – Happy Creek Minerals Ltd. (TSX-V: HPY) (“Happy Creek” or the “Company”) announces that David Blann has resigned from the Company’s Board of Directors, effective January 19, 2026.The Board and management thank Mr. Blann for his contributions during his tenure and wish him the best in his future endeavors.On behalf of the Board of Directors, “Stephen Gray” President and Chief Executive Officer FOR FURTHER INFORMATION, PLEASE CONTACT:Stephen Gray ...
Pinnacle Samples up to 17.7 g/t Gold on La Estrella Vein and Extends Strike Length of La Dura Vein, Enlarging the Footprint of the Gold-Silver System at El Potrero
Thenewswire· 2026-01-20 13:30
VANCOUVER, BRITISH COLUMBIA, January 20, 2026 – TheNewswire - (TSXV: PINN, OTC: PSGCF, Frankfurt: P9J) – Pinnacle Silver and Gold Corp. ("Pinnacle" or the “Company") is pleased to announce that surface and underground sampling of the Estrella Vein at the high-grade El Potrero gold-silver project in Durango, Mexico has confirmed the presence of strong gold-silver mineralization in that vein. The limited mine workings are 42.5 metres long and channel sampling identified two mineralized zones yielding 5.49 g ...
Mithril Drills High-Grade Gold-Silver At Target 1 And Further Expands The District Scale, Copalquin, Mexico
Thenewswire· 2026-01-20 12:30
Melbourne, Australia and Vancouver, Canada – January 20, 2026 – TheNewswire - Mithril Silver and Gold Limited ("Mithril” or the "Company") (TSXV: MSG) (ASX: MTH) (OTCQB: MTIRF) is pleased to provide exploration success at Mithril’s district scale Copalquin property, Durango State, Mexico. High-grade in shallow intercepts returned from expansive resource drilling at Target 1 ahead of the Target 1 mineral resource estimation (MRE) update Target 1 drilling highlights include 1.55 m @ 2.11 g/t gold, 5.5 g/t ...
Opawica Explorations Gives Company Update
Thenewswire· 2026-01-20 12:30
Core Viewpoint - Opawica Explorations Inc. is advancing its exploration projects, particularly focusing on the Arrowhead and Bazooka properties, amidst high gold prices and significant interest in its assets [2][3]. Company Updates - The company has completed a drill program and reviewed all data, with plans to drill 10,000 meters on high-priority targets at the Arrowhead property, which is fully permitted and surrounded by Agnico Eagle's La Rhonde Complex [2]. - Opawica is exploring joint venture or sale opportunities for its Bazooka property, indicating a strategic move to maximize asset value [3]. Accomplishments - In 2025, Opawica received drill permits for both the Bazooka and Arrowhead properties and announced over 10,000 meters of high-priority drill targets for both properties [4]. - The company was awarded Gold Explorer of the Year for 2025 by Metals and Mining Magazine, highlighting its achievements in the sector [4]. - A conceptual exploration target for the Bazooka property is estimated at 10-40 million tonnes grading between 0.9 to 1.45 grams per tonne gold, potentially yielding 1.5 to 2 million ounces [4]. Financial Developments - Opawica raised a total of $5.28 million through an oversubscribed private placement and completed an additional $2 million in flow-through shares [4][7]. - The company has invested over $6 million in its assets since 2021, with three drill programs completed, indicating a strong commitment to exploration [8]. Future Plans - The company aims to maximize shareholder value through the continued development of its assets, including allocating additional funds into the Rouyn-Noranda camp [5]. - Immediate focus remains on advancing the Arrowhead and Bazooka properties, with optimism about enhancing value for stakeholders [6]. Technical Developments - Opawica has engaged GoldSpot Discoveries Corp. for AI machine learning services and completed a 384-line-kilometer geophysical survey on the Bazooka asset [7]. - A 2-D deep seismic program was completed on the Arrowhead property, further supporting exploration efforts [7].
Rackla Summarizes 2025 Exploration Results And Plans For 2026
Thenewswire· 2026-01-20 12:00
Core Insights - Rackla Metals Inc. has released its year-end summary of exploration activities on the Grad Property and other regional targets, outlining plans for 2026 after disappointing drilling results in 2025 [1] Exploration Results - The 2025 drilling program consisted of 4500 meters across ten holes, but failed to intersect significant mineralization, with the best result being 2.56 g/t gold over 10.5 meters [4] - The discovery of the BiTe showing in 2024 returned multi-gram gold results, but subsequent drilling did not meet expectations, leading to a review of geochemical data [4][5] - A total of 738 surface rock samples and 3081 drill samples were analyzed, revealing that gold mineralization at BiTe is closely correlated with tellurium, bismuth, and antimony [5][6] Geochemical Analysis - The geochemical conditions at the BiTe showing differ significantly from those observed in drill core samples, suggesting that the drilling did not target the correct intrusive phase or structural environment [7][15] - The study identified other areas within the North Nahanni Pluton that exhibit a similar geochemical signature to BiTe, warranting further mapping and sampling [15] Regional Exploration Targets - Rackla has expanded claims on the Ogre property and staked the Calypso and Lened properties, totaling an additional 26,740 hectares in the region [16] - The Calypso target has shown promising results with talus sampling averaging 0.162 ppm Au over an 800-meter anomaly [19] - The Manta target has also returned high-grade gold-bearing samples, indicating potential for further exploration [20] Historical Context and Future Plans - The Lened Tungsten Deposit has historical significance, with previous exploration revealing a resource of 2.82 million tonnes at a grade of 1.27 WO3, and Rackla plans to evaluate this area for gold potential in 2026 [28][29] - Stream sediment sampling in the South Lened area has returned high values for rare earth elements, indicating potential for economic placer occurrences [30][35]
Vault Enters In To Agreement For Option To Acquire Portfolio Of US Historical Mining Assets And Corresponding Historical Databases
Thenewswire· 2026-01-20 12:00
Vancouver, British Columbia - January 20, 2026 – TheNewswire – Vault Strategic Mining Corp. (TSXV:KNOX) (OTC:KNXFF) (FSE:M85) ("VAULT" or the "Company") announces it has entered into an Option Agreement with two arms length vendors who granted the Company an exclusive option (the “Option”) to acquire an undivided 100% interest in a portfolio of four (4) mineral exploration projects consisting of Historical Mines across the Western United States with a strategic focus on Silver, Gold and Tungsten-Berylliu ...
Ares Strategic Mining Awarded Multi-Year Pentagon Contract with Estimated Initial Award Value of ~$169M and Potential Task Orders Up to $250M Over Five Years
Thenewswire· 2026-01-20 11:30
Vancouver, B.C., 20th January 2026 – TheNewswire – In a major development for the U.S. critical minerals industry, Ares Strategic Mining Inc. (CSE: ARS) (OTC: ARSMF) (FRA: N8I1) has been officially awarded a $168,938,267.30 contract by the U.S. Department of Defense (DoD) through the Defense Logistics Agency (DLA) – a significant initiative to help strengthen America’s domestic manufacturing and supply base and support the rebuilding of U.S. strategic mineral stockpiles. Click Image To View Full SizeThe a ...