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Granada Gold Mine Reviews the Potential of 1 Gram per Tonne Gold in an Open Pit Resource at Minesite
Thenewswire· 2025-10-15 14:50
Core Viewpoint - Granada Gold Mine Inc. is reviewing the potential for an open pit resource at the Granada Minesite due to the current increase in gold prices, specifically targeting a grade of 1 gram per tonne [1] Company Overview - Granada Gold Mine Inc. operates the Granada Gold Property near Rouyn-Noranda, Quebec, which spans 14.73 square kilometers and is adjacent to the Cadillac Break [12] - The company is currently conducting a large drill program, having completed 20,000 meters out of a planned 120,000 meters, with drilling paused to evaluate existing data and market conditions [12] Resource Estimates - The fully permitted resource is shovel-ready, with 80% of the 5.5-kilometer mineralized structure open for exploration, indicating potential for significant resource increases [2] - Historical resource estimates from May 2017 indicated a total measured and indicated resource of 21,575,500 tonnes at an average grade of 1.16 grams per tonne, equating to 807,700 ounces of gold [3][4] - An updated resource estimate as of August 2022 reported 543,000 ounces of gold in the Measured and Indicated category and 456,000 ounces in the Inferred category, with average grades of 2.05 grams per tonne and 4.71 grams per tonne respectively [10][11] Historical Context - The Granada Gold Mine operated as an underground mine in the 1930s, producing gold at grades of 9-10 grams per tonne from two shafts [2][13] - Historical production from the mine totaled over 50,000 ounces of gold at an average grade of 10 grams per tonne [14] Development Plans - The current development plan proposes to operate as an open pit followed by a higher-grade underground mine, leveraging the existing mineralized zones [2]
Arizona Gold & Silver Reports On Continuing Philadelphia Project, Arizona Metallurgical Program - Core Drilling Program Resumes
Thenewswire· 2025-10-15 14:45
Core Insights - Arizona Gold & Silver Inc. announced positive results from column leach tests at the Philadelphia Project, indicating the effectiveness of HPGR crushing for gold and silver extraction [1][2] - The company is resuming core drilling to further explore the high-grade intercepts previously identified [1][8] Metallurgical Work Highlights - After 119 days of leaching, the bulk sample crushed by HPGR to -6.3mm achieved a 76% recovery rate for gold and 40% for silver, which is 16% higher for gold and 12% higher for silver compared to conventional crushing methods [2] - Initial recoveries were 51% for gold and 26% for silver after 4 days, and 60% for gold and 32% for silver after 20 days [2] - The goal is to achieve an 80% recovery of total contained gold within 150 days at the -6.3mm crush size [2] Exploration Update - The core drill is set to target the Perry Vein, aiming to drill 60 meters north of a previously reported high-grade intercept of 20.43 meters grading 9.04 gpt Au and 34 gpt Ag [1][8] - The exploration drilling has established substantial volumes of stockwork material above the high-grade zone, which carries gold grades of 0.4-1.5 gpt [4] Processing and Economic Viability - The metallurgical program aims to demonstrate the potential viability of heap leach operations alongside underground development of high-grade material [4][5] - The company is evaluating the material from mining, processing, and economic perspectives, with comparisons to other open-pit heap leach operations in the area [5] Quality Assurance and Testing - The bulk sample was collected and tested by Kappes, Cassiday & Associates, a respected service company in the mining industry [6] - All data gathering and analyses are performed by KCA, with weekly reporting and review by company personnel [6]
Belmont Resources Launches Core Relogging Program at Crackingstone Uranium Project
Thenewswire· 2025-10-15 14:25
Core Insights - Belmont Resources Inc. has initiated a comprehensive core relogging and resampling program at its Crackingstone Uranium Project in Saskatchewan, marking a significant advancement in its exploration efforts within the uranium and rare-earth-rich Beaverlodge Domain [1][2] Exploration Program - The relogging and analytical work is being conducted by Axiom Exploration Group Ltd., focusing on the historic 2008 drill campaign which included 20 holes totaling 3,029.4 meters, with 44% of the core recovered for analysis [3][4] - The program aims to obtain detailed geochemical information, refine lithological classification, and evaluate the potential for rare earth element (REE) mineralization, thereby introducing dual-commodity exposure [5][6] Strategic Partnerships - Recent site visits by Belmont management and HMS Bergbau AG representatives, including Consulting Geologist Dr. Thomas Unterweissacher, highlight the strategic input from HMS, a major shareholder, emphasizing European interest in uranium and critical minerals in stable jurisdictions like Canada [7] Project Potential - The Crackingstone property is strategically located near Saskatchewan's uranium-rich Athabasca Basin, benefiting from excellent infrastructure and the potential for significant uranium resources, with historic grab sample grades of up to 15.6% U₃O₈ [9][12] - Belmont has submitted a permit application for a comprehensive drilling program consisting of 40 drill holes totaling 10,000 meters, reflecting confidence in the property's potential [12] Other Projects - Belmont is also exploring the Come By Chance property in British Columbia, which is characterized as a compelling porphyry-CRD system under active exploration [10]
Mydecine Innovations Group Closes Debt Settlements
Thenewswire· 2025-10-14 22:00
Core Points - Mydecine Innovations Group Inc. has successfully closed debt settlement agreements totaling USD $1,386,391 and CAD $9,432,107 to settle outstanding debts with various creditors [1][2] - The company issued five convertible debentures to creditors as part of the debt settlements to preserve cash for working capital and improve its financial situation [2] Debt Settlement Agreements - The company entered into debt forgiveness agreements to settle USD $1,386,391 owed to two former insiders, issuing convertible debentures with an aggregate principal amount of USD $100,000 [4] - A debt settlement agreement with CEO Josh Bartch was made to settle CAD $1,309,836 of unpaid management fees, with a convertible debenture issued for the same amount [5] - A settlement with Pioneer Garage Limited was made for CAD $7,878,792, with a convertible debenture issued under similar terms as the Bartch agreement [6] - An additional settlement with an arm's length creditor for CAD $243,479 was fully settled through a secured convertible debenture of USD $100,000, which bears interest at 1% per month [9] Share Consolidation - The company announced a share consolidation effective October 21, 2025, converting every fifty old common shares into one new common share, reducing the outstanding shares from 61,755,385 to approximately 1,235,107 [12][13] - The share consolidation aims to enhance the company's attractiveness for financing opportunities and facilitate the restructuring of existing liabilities [15]
Carrier Connect Data Solutions Inc. Announces Private Placement
Thenewswire· 2025-10-14 21:15
Core Viewpoint - Carrier Connect Data Solutions Inc. is initiating a non-brokered private placement to raise up to $3,000,000 through the sale of units priced at $0.70 each, aimed at funding M&A, working capital, and general corporate purposes [1][2]. Group 1: Offering Details - The Offering consists of up to 4,285,714 units, each unit comprising one common share and one-half of a share purchase warrant, with full warrants allowing the purchase of additional shares at $1.00 each for two years [1]. - The Offering is expected to close in November 2025, subject to customary conditions including TSX Venture Exchange approval [2]. Group 2: Company Overview - Carrier Connect Data Solutions focuses on rolling up Tier II/III data centers internationally, providing co-location and data center solutions primarily to AI companies, service providers, enterprises, and small businesses [4]. - The company operates as a carrier-neutral organization, with its principal markets located in Vancouver, Canada, and Perth, Australia, serving clients who utilize its facilities as primary or ancillary data centers [4].
Ventripoint Announces Closing of Second and Final Tranche of Non-Brokered Convertible Debenture Units Private Placement
Thenewswire· 2025-10-14 20:30
Core Points - Ventripoint Diagnostics Ltd. announced the issuance of an additional $297,000 of unsecured convertible debenture units, bringing the total to $567,000 for the Offering [1][2] - Each unit consists of a $1,000 unsecured convertible debenture and 9,000 common share purchase warrants [1] - The conversion price for the debentures is set at $0.11 per common share, with warrants exercisable at $0.14 until December 31, 2027 [2] Financial Details - The debentures mature on December 31, 2027, and carry a 10% interest rate, payable semi-annually [3] - The Corporation paid a total of $320 in cash finder's fees and issued 2,286 finder's warrants, which can be exercised at $0.11 per share for 18 months [4] - Proceeds from the Offering will be used for operational costs, sales and marketing, and general working capital [5] Regulatory and Market Information - All securities issued are subject to a four-month hold period and require approval from the TSXV [6] - The securities will not be registered under the U.S. Securities Act of 1933 and cannot be sold in the U.S. without proper registration or exemption [7] Company Overview - Ventripoint is a leader in applying AI to echocardiography, with its VMS+ products providing accurate cardiac measurements comparable to MRI [8] - The technology is versatile and compatible with all ultrasound systems, supported by regulatory approvals in the U.S., Europe, and Canada [9]
JZR Gold Announces First Concentrate From Vila Nova Gold Project
Thenewswire· 2025-10-14 20:30
Core Insights - JZR Gold Inc. has announced the production of its first gold concentrate from the Vila Nova Gold Project in Brazil, operated by ECO Mining Oil & Gaz Drilling and Exploration [1] - The project is currently undergoing further testing and optimization of its 800 tonne-per-day bulk sampling gravimetric mill to enhance efficiency and increase processing volume [1] - JZR holds a 50% net profit interest in the Vila Nova Project, acquired through a Joint Venture Royalty Agreement with ECO [2] Company Developments - The CEO of JZR expressed excitement regarding the progress at the Vila Nova Gold Project and noted that ECO has begun stock-piling material at the mill in anticipation of increased throughput [3]
[Video Enhanced] West Red Lake Gold Hits New High-Grade Lens in Lower Austin
Thenewswire· 2025-10-14 17:00
Core Viewpoint - West Red Lake Gold Mines has reported high-grade drill results from the Lower Austin Zone, indicating significant potential for gold mineralization and resource expansion in the Madsen Mine [1][2][8]. Company Objectives - The company is focusing on three main objectives: achieving targeted ramp-up gold ounce production, instituting new operational efficiencies, and adding high-confidence gold ounces to its metal inventory [3]. Drill Results and Mineralization - The recent drilling at the Madsen Mine, specifically from the 12 Level at approximately 600 meters depth, has yielded high-grade results, including an intersection of 7.75 meters at 139.45 grams per tonne gold [2][8]. - The Lower Austin Zone currently has an indicated mineral resource of 914,200 ounces at a grade of 6.9 grams per tonne gold, with an inferred resource of 104,900 ounces at 6.5 grams per tonne gold [1][8]. Historical Context and Potential - The Madsen Mine has resources defined down to depths of over one kilometer, with the Red Lake District known for deep deposits that typically increase in thickness at lower depths [7]. - Historical data indicates that significant high-grade zones can radically change a company's production profile, as seen in past operations in the Red Lake area [7]. Mining Strategy and Economic Viability - The company employs a drilling strategy with seven-meter spacing to accurately model the deposit, which is crucial for managing the discontinuity of mineralization [10]. - A higher gold price allows for a more inclusive resource estimation, reducing the cutoff grade for resource inclusion and potentially increasing overall ounces and tonnage [20]. Future Exploration and Development - The company anticipates continued success in discovering and defining more lenses of high-grade mineralization as drilling progresses in the Lower Austin Zone [21]. - The recent findings are seen as validation for the company's decision to resume production at the Madsen Mine, with expectations of further discoveries [13].
Ocumetics Webinar - Discussion of One-Month Postoperative Patient Results
Thenewswire· 2025-10-14 14:05
Core Insights - Ocumetics Technology Corp. is hosting a webinar to discuss one-month patient results from its initial Group 1 patients who received the Ocumetics Accommodating Intraocular Lens [1][2] - The webinar will cover updates on the first-in-human study and future steps in the development process [2][3] Company Overview - Ocumetics Technology Corp. is a Canadian research and product development company focused on advanced vision correction solutions aimed at enhancing patient quality of life [4] - The company is developing innovative intraocular lenses designed to fit within the natural lens compartment of the eye, potentially eliminating the need for corrective lenses [5] Webinar Details - The webinar is scheduled for October 15, 2025, at 6:00 PM ET, featuring CEO Dean Burns [2] - Key topics will include one-month postoperative patient results, next steps for the Ocumetics study, and a live Q&A session [6]
SPARC AI Appoints Strategic Defense Advisor to Boost Business Development and to Support U.S. and Canadian Defense Engagements
Thenewswire· 2025-10-14 13:30
Core Insights - SPARC AI Inc. has appointed a leading North American defense and government advisory firm to enhance its expansion into the U.S. and Canadian defense markets, marking a significant milestone in its growth strategy [1][2] - The advisory firm will assist in business development, government defense relations, and strategic introductions, ensuring compliance with the Lobbying Act of Canada [2] - SPARC AI's CEO stated that the company has reached a level of technological maturity suitable for deployment, with systems tested in demanding conditions [3] Company Developments - The newly appointed advisory firm will guide SPARC AI in strengthening partnerships within North America's defense ecosystem [2] - SPARC AI has expanded its drone demonstration fleet, acquiring custom-built drones to showcase its advanced technologies, including the Target Acquisition System and Autonomous Flight Engine [3] - The company's technology enables drones to operate without GPS, radar, laser, or lidar, which is crucial for operations in contested environments [3] Technology Overview - SPARC AI develops next-generation, GPS-free target acquisition and intelligence software for drones and edge devices, focusing on real-time detection and tracking without heavy sensors [4] - The flagship platform aims to provide unmatched situational awareness for defense, rescue, and commercial operators [4] - The company is committed to building a scalable software platform that will define the future of drone intelligence globally [4]