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Blue Lagoon Resources Officially Opens Dome Mountain Gold Mine in British Columbia
Thenewswire· 2025-07-11 12:05
Core Points - Blue Lagoon Resources Inc. has officially opened its Dome Mountain Gold Mine Project, which recently received its mining permit, making it one of only nine mining permits granted in British Columbia in the past decade [1][11] - The project is notable for being a high-grade, road-accessible gold project that has reached production-ready status in recent years [1] - The opening ceremony was attended by over 100 guests, including dignitaries and representatives from various governmental agencies, highlighting the project's significance for the region [2][3] Company Overview - Blue Lagoon Resources is a Canadian publicly listed mining company focused on developing its 100% owned Dome Mountain Gold project, with a goal of becoming a cash-flowing mining company [11] - The company achieved a key milestone by obtaining a full mining permit in February 2025, which is one of only nine such permits issued in British Columbia since 2015 [11] - The company is now preparing for the start of gold production, targeting Q3 2025 [11] Project Details - The Dome Mountain Gold Mine Project features a state-of-the-art water treatment plant capable of treating over six times the current needs at the site, ensuring long-term environmental resilience [5] - Pre-production work is set to begin next week, with mining expected to commence immediately after the completion of the biological ramp-up phase of the Moving Bed Biofilm Reactor (MBBR) system, which is anticipated to take about four weeks [6][10] - The project has a strong technical team and strategic partnerships, including a long-term toll milling agreement with Nicola Mining [7][8] Community and Cultural Engagement - The opening ceremony included participation from the Lake Babine Nation, showcasing a commitment to cultural heritage and collaboration with local communities [4][5] - The presence of Hereditary Chiefs and Guardians from the Lake Babine Nation during the ceremony emphasized the importance of respectful collaboration in the mining process [4][5]
Generation Uranium Announces Private Placement and New CFO
Thenewswire· 2025-07-11 12:00
Core Points - Generation Uranium Inc. is conducting a non-brokered private placement to raise up to CAD$550,000 by issuing up to 11,000,000 shares at a price of $0.05 per unit, each unit consisting of one common share and one warrant priced at $0.10 [1][2] - The net proceeds from the offering will be utilized to define new drill targets on the Yath Project, enhance market awareness, and for general working capital [2] - The offering is subject to approval from the TSX Venture Exchange (TSXV) and insider participation will be considered a related-party transaction under Multilateral Instrument 61-101 [3][4] Management Changes - Mr. Sonu Unnoonni has been appointed as the new CFO, bringing over 20 years of experience in finance across various sectors, with a focus on financial strategy and operational efficiency [6] - Marcy Kleisman will step down as CFO to pursue other business opportunities, with the company wishing her success in her future endeavors [7] Company Overview - Generation Uranium is a natural resource company focused on the exploration and development of mineral properties, holding a 100% interest in the Yath Uranium Project located in Nunavut, Canada [8]
Gamma Resources Appoints Chad McMillan Strategic Advisor
Thenewswire· 2025-07-11 12:00
Vancouver, BC, July 11, 2025 – TheNewswire - GAMMA RESOURCES LTD. (TSX.V:GAMA, FSE:6GC, OTC:MLLOF) (“Gamma” or the “Company”) is pleased to announce that it has appointed Mr. Chad McMillan to serve as a Strategic Advisor to the Company.Mr. McMillan is a dynamic senior executive with over twenty years of experience in and around the capital markets building, running, and helping finance public companies.  He is well versed in executive management, corporate finance, mergers and acquisitions, corporate commun ...
ABOUND Energy Engages Coenda Investments to Drive Advancement of Long-Duration Energy Storage Platform
Thenewswire· 2025-07-10 18:55
Core Insights - ABOUND Energy, Inc. has entered into a success-based representation agreement with Coenda Investments Holdings Corp. to enhance shareholder value and accelerate the development of its Zaeras™ flow battery platform in Europe and North America [1][2] - The partnership aims to leverage Coenda's expertise in capital formation and strategic investments to identify and engage potential investors and partners [2][3] - The Zaeras™ technology is positioned to play a critical role in the integration of renewable energy, addressing the growing demand for long-duration energy storage solutions [4][10] Company Overview - ABOUND specializes in long-duration energy storage technology, particularly its patented Zaeras™ system, which utilizes zinc-air chemistry for efficient energy storage and delivery [9][10] - The Zaeras™ technology is designed to facilitate the integration of green energy into the grid, minimizing curtailment and enhancing energy resiliency [10][11] - The technology is characterized by its safety, scalability, and cost-effectiveness, providing a viable alternative to traditional energy storage systems [11] Partnership Details - Coenda Investments will focus on strategic equity investments, joint development agreements, and government funding alignment to support ABOUND's growth [6][7] - The collaboration marks ABOUND's first formal step towards a global energy strategy, particularly targeting the European market [2][3] - Coenda has already identified several potential strategic partners, indicating a strong start to the engagement [2][3] Market Context - The global energy landscape is rapidly evolving, with long-duration storage technologies like Zaeras™ becoming essential for reliable integration of renewable power [4] - There is a clear market opportunity for scalable long-duration energy storage solutions, which ABOUND aims to capitalize on through its innovative technology [3][4]
Windfall Geotek Appoints Major-General Pierre Daigle to Advisory Committee for the Landmines Detection
Thenewswire· 2025-07-10 14:20
Core Insights - Windfall Geotek has appointed Pierre Daigle to its Advisory Committee, enhancing its leadership in AI-driven mining exploration [1][4] - Daigle brings extensive experience from the Canadian Forces and is recognized for his strategic thinking and problem-solving skills [2][3] - The company is focused on leveraging its AI system for various applications, including landmine detection, and has been developing its proprietary AI analysis and data mining techniques for over 20 years [4][5][6] Company Overview - Windfall Geotek has been utilizing Artificial Intelligence in the mining sector since 2005, positioning itself as a pioneer in AI-driven exploration [5][6] - The company employs a multidisciplinary team of professionals in geophysics, geology, AI, and mathematics to enhance mineral exploration [5] - Windfall's AI algorithms are designed to identify high-potential mineral targets by analyzing public and private datasets [4][6] Strategic Initiatives - The company plans to test its AI system for landmine detection in the coming months, indicating a diversification of its applications beyond mineral exploration [4][6] - CEO Michel Fontaine highlighted Daigle's potential contributions in leveraging his contacts within the Canadian Armed Forces to optimize collaboration on landmine detection projects [3][4]
Hi-View Resources Announces Flow Through Financing to Explore Toodoggone
Thenewswire· 2025-07-10 12:30
Core Viewpoint - Hi-View Resources Inc. is conducting a non-brokered private placement offering of 4,000,000 flow-through units at a price of C$0.105 per unit, aiming for gross proceeds of up to C$420,000 to fund exploration activities in Canada [1][3]. Group 1: Offering Details - Each flow-through unit consists of one flow-through share and one half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at C$0.30 for 36 months [2]. - The gross proceeds will be allocated to eligible Canadian exploration expenses, specifically for the Toodoggone Projects in British Columbia [3][4]. - A finder's fee of up to 10% may apply, and all securities issued will be subject to a hold period of four months and one day [4]. Group 2: Company Overview - Hi-View Resources Inc. is focused on mineral exploration for gold, silver, and copper in the Toodoggone region, with properties covering 9,749 hectares [8]. - The Golden Stranger project is fully permitted with 45 drill-ready sites, and historical drilling has shown significant gold grades, indicating strong exploration potential [8].
Credissential Announces Strategic Platform Licensing Agreement For Antenna Platform
Thenewswire· 2025-07-10 12:30
Core Insights - Credissential Inc. has entered into a binding exclusive license and platform agreement with Effective Acceleration Ventures Limited for the deployment and use of the Antenna Platform in the defense sector [1][3] - The Antenna Platform is a proprietary quantum-secured platform designed for secure payments, file transfers, and encrypted communications, utilizing advanced post-quantum cryptographic techniques and AI-driven security protocols [2] - EAV has been granted exclusive rights to use and market the Antenna Platform within defense-sector procurement, personnel sourcing, and payment processing, with a minimum spend commitment of CAD $1,000,000 during the initial 12-month term [3][4] Company Overview - Credissential is an AI-powered financial services software developer focused on the commercialization of products like Credissential Dealerflow, Antenna, and CoinCMPLY, aimed at addressing friction points in financial transactions [5] - The partnership with EAV is seen as a validation of the commercial viability of the Antenna platform and opens a significant new market vertical for the company [4] Effective Acceleration Ventures Limited - EAV specializes in defense-focused solutions, including procurement, logistics, and talent acquisition for government and allied agencies, supporting clients like the Government of Canada and NATO [8]
Stellar AfricaGold Confirms Summer Drill Program at Promising High-Grade Gold Target at Structure B Tichka Est, Morocco
Thenewswire· 2025-07-10 12:05
Core Viewpoint - Stellar Africagold Inc. has made significant progress at its Tichka Est Gold Project in Morocco, with recent field activities confirming priority drill targets and a summer drilling campaign set to commence [1][4]. Group 1: Drill Program Details - The company is initiating a 10-hole, 1,500-metre diamond drill program at Structure B, targeting four primary areas [2]. - Structure B is characterized by three mineralized horizons and at least two shear zones, with high-grade gold intersected in dioritic sills and intrusive dykes [2][6]. - The drilling program is expected to focus on NE-trending brittle structures and gently NE-dipping shear corridors, with the first drill campaign scheduled for July 2025 [6][8]. Group 2: Structural Interpretation - A detailed structural interpretation at Structure B has clarified the controls of gold mineralization, indicating that steeply W-dipping fractures and NE shears are significant [3]. - The analysis suggests that carbonate-sill contacts and dykes may host additional gold mineralization along the hinge of the anticline [3]. Group 3: Recent Sampling Results - Recent chip sampling yielded significant gold grades, including a notable 102 g/t Au from the Diorite Sill and other high-grade samples from Structures A and B [14]. - The ongoing mapping and sampling campaign has revealed new high-grade vein systems, reinforcing the exploration potential of the Tichka Est property [13][14]. Group 4: Infrastructure Development - Construction of new access roads and drill platforms is ongoing, with several platforms now complete despite challenging conditions [7]. - The company has selected a drilling contractor and signed a definitive drilling contract, with mobilization activities currently in process [8].
West Red Lake Gold's Rowan PEA Projects Average Annual Production of 35,000 ounces at 8 grams per tonne, AISC of US$1,408
Thenewswire· 2025-07-10 11:30
Core Insights - West Red Lake Gold Mines has released a Preliminary Economic Assessment (PEA) for its Rowan project, indicating strong economic potential due to its high-grade, nearly vertical deposit characteristics [1][2][4]. Project Overview - The Rowan project is located 80 kilometers from the Madsen Mine and mill, with plans to utilize toll milling at existing mills in the Red Lake area to process its mineralization [1][2]. - The PEA highlights an average diluted head grade of 8.0 grams per tonne and an average annual gold production of 35,230 ounces over a 5-year mine life [4][5]. Economic Metrics - The post-tax Net Present Value (NPV) of the project is estimated at $239 million at a gold price of US$3,250 per ounce, with an Internal Rate of Return (IRR) of 81.7% [4][11]. - The all-in sustaining cost (AISC) is projected at US$1,408 per ounce, with a life of mine cash cost of US$963 per ounce [5][4]. Development Plans - The company plans to complete a Pre-Feasibility Study (PFS) by Q3 2026, with new legislation in Ontario aimed at expediting the mine approval process [6]. - There are significant opportunities for resource expansion at Rowan, with ongoing drilling campaigns targeting both depth and strike extensions of the mineralization [6][9]. Exploration Potential - Recent drilling has indicated high-grade gold mineralization, with notable intercepts such as 70.8 g/t gold over 8.3 meters, suggesting potential for further resource definition [9][8]. - The company aims to upgrade approximately 37% of the mine plan tonnes currently classified as inferred resources [11]. Operational Context - The Madsen Mill, with a nameplate capacity of 1,089 tonnes per day, is a potential processing site for Rowan's mineralization, which aligns with the company's toll milling strategy [3][2]. - The ramp-up operations at the Madsen Mine have begun, with consistent mining and milling rates reported [21].
Opawica Drills 6.12 G/T AU, 3.65 G/T AU, AND 2.15 G/T AU, AND 67.9 m of 0.84 G/T Au At Bazooka Property (TSXV: OPW) (FSE: A2PEAD) (OTCQB: OPWEF)
Thenewswire· 2025-07-10 11:25
Core Insights - Opawica Explorations Inc. announced positive drill results from its Bazooka Property, indicating gold mineralization in every hole drilled, showcasing strong continuity of mineralization [2][4][18] - The company completed 3,359 meters of drilling across 14 holes, with 978 samples submitted for analysis, highlighting the extensive exploration potential with approximately 80% of the property remaining undrilled [1][2][15] Drill Program Highlights - The initial Phase 2 drill program at the Bazooka project revealed 19 gold mineralized zones, with 15 zones carrying grades above 0.55 g/t up to 6.12 g/t Au [4][12] - Significant intercepts include 67.9 meters at 0.84 g/t Au, with a notable inclusion of 7.5 meters at 3.65 g/t Au [5][12] - The geological team observed consistent mineralization continuity across the project, with 7,000 meters of high-priority targets still to be explored [2][4] Geological and Technical Insights - The drill targets were developed from detailed structural interpretations and 3D modeling, contributing to an updated geological model that incorporates various geological features [1][2] - Many intercepts are hosted in sericitized greywacke with arsenopyrite, typical of gold-bearing zones in the Abitibi Greenstone Belt, indicating a structurally controlled mineralized system [6][12] Future Plans and Strategic Initiatives - The company plans to continue drilling the remaining high-priority targets on the Bazooka Property to expand and better define the identified mineralized zones [15][23] - Opawica has identified 59 high-priority drill targets across the Bazooka and Arrowhead properties, supported by advanced geological modeling and AI-driven analysis [16] - The company has secured drilling contractors and established drill targets totaling over 20,000 meters planned across Bazooka and Arrowhead for the 2025 program [16][18] Recent Accomplishments - Opawica has made significant strides in exploration and corporate development, enhancing its position for continued growth and value creation [14][18] - The company successfully completed a cross-border listing on the OTCQB, improving liquidity and access to North American capital markets [16][18]