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Angkor Resources' Subsidiary Deploys Seismic Analytical Team On Onshore Block VIII, Cambodia
Thenewswire· 2025-05-28 12:30
Core Viewpoint - Angkor Resources Corp. announces the deployment of geoscientists and seismic contractors for a 350-kilometer seismic program on Block VIII in Cambodia, aiming to evaluate hydrocarbon potential and identify drill targets for oil and gas exploration [1][2][3]. Group 1: Project Details - EnerCam Resources, a subsidiary of Angkor, has completed a five-day scoping program to assess planned seismic lines, identifying access routes and potential challenges [2]. - The project involves a 2-D seismic survey along the west side of Block VIII, with the goal of interpreting seismic data to establish drill targets [2]. - The team has traveled over 1,340 kilometers during the scouting program, and plans to deploy 30-40 personnel for the seismic execution upon receiving environmental approval [5]. Group 2: Community Engagement - The company has engaged with local communities, receiving positive feedback regarding oil and gas development, which is seen as an opportunity for employment and economic growth [6]. - In response to community requests, the company has initiated clean water and sanitation projects for vulnerable families, demonstrating its commitment to social responsibility [7]. Group 3: Company Background - Angkor Resources Corp. is publicly listed on the TSX-Venture Exchange and focuses on resource optimization in Cambodia, with interests in mineral and energy solutions [9]. - The company’s energy subsidiary, EnerCam, holds an onshore oil and gas license covering 3,729 square kilometers in Block VIII, indicating significant exploration potential [9].
Headwater Gold Identifies Outcropping High-Grade Veins at its New Doug Target on the Spring Peak Property, Nevada
Thenewswire· 2025-05-28 10:30
Core Viewpoint - Headwater Gold Inc. has identified high-grade epithermal veins at the newly discovered Doug target within its Spring Peak project in Nevada, indicating significant mineral potential in the area [1][4]. Exploration and Discovery - The Doug target is located approximately 9 km north of the Disco Zone and is along the Bear Fault, which is a significant geological structure associated with mineralization [2][11]. - Recent surface exploration has confirmed the presence of outcropping epithermal quartz veins, with notable gold grades of 21.8 g/t, 9.52 g/t, and 7.82 g/t [5][10]. - The Bear Fault corridor is interpreted as a district-scale structure that may host multiple significant mineralized zones, with Headwater controlling over 12 km of strike extent in this area [4][12]. Geological Insights - The vein textures and geochemistry at the Doug target suggest a high-level position within an epithermal system, indicating the potential for preserved high-grade vein targets at depth [5][7]. - Geological mapping is ongoing to understand the relationship between the stockwork zone and major mineralized structures, including the Bear Fault and Aurora Mine vein corridor [11]. Project Expansion - Headwater has expanded its land position by staking 509 new mining claims, bringing the total to over 15 km of continuous strike length along the Bodie–Aurora–Borealis trend, which has historically produced over 4 million ounces of gold [12][13]. - The Spring Peak project is strategically located near existing infrastructure, including a mill and production water wells, enhancing its exploration potential [13]. Future Plans - A systematic program of geological mapping and geochemical sampling is underway, alongside the interpretation of recent geophysical survey results to guide further exploration [13][14].
Westward Gold Breaks Ground at Campfire Target & Details Additional Exploration Activities at Toiyabe Hills
Thenewswire· 2025-05-27 13:00
Core Viewpoint - Westward Gold Inc. is set to commence a 5,000-metre drilling campaign at the Campfire Target Complex in mid-June 2025, following the approval of its Notice of Intent by the U.S. Bureau of Land Management, which allows for up to 5 acres of disturbance [1][2][3]. Drilling Campaign Details - Pre-drilling earthwork activities, including road and drill-pad construction, began on May 12, 2025, at the Toiyabe Hills Property in Nevada [1]. - The drilling contractor, National EWP, Inc., will mobilize an RC rig on June 16, 2025, with drilling expected to start shortly thereafter [2]. - The selected Schramm T-685 rig has a maximum depth capacity of 3,000 ft (~915 metres), allowing for flexibility in drilling depths [2][3]. Exploration Strategy - The Phase I program at Campfire is designed for adaptability, with up to 12 drill sites planned and approximately 500-metre collar spacings to cover the target's alteration footprint [3]. - Additional exploration activities across the greater Toiyabe Hills footprint (~60 square kilometres) are ongoing, focusing on advancing other potential target areas, particularly the Hilltop Corridor [5][9]. Geochemical Insights - The company is utilizing arsenic as a key geochemical vector in the search for Carlin-type gold deposits, with significant arsenic anomalies observed in the area [6][9]. - The geochemical anomaly footprint is comparable in size to those of major gold deposits, such as the original Cortez Mine [6]. Recent Land Expansion and Surveys - Westward Gold has expanded its land holdings by adding 72 claims in the southwest and completed a gravity survey over the new ground, which ties into previous surveys [12][15]. - The gravity survey covered 148 unique stations on a 200 x 200-metre grid, providing valuable data for future exploration [12][15]. Upcoming Activities - The company plans to continue geological mapping and surface sampling throughout the 2025 field season, focusing on previously unmapped areas of the Hilltop Corridor footwall [17]. - A thorough rock-chip channel sampling program will be conducted, leveraging exposures created by road construction [17].
Troubadour Resources Secures Government Approval with ATI Permit for Senneville Copper-Gold Project in Val-d'Or
Thenewswire· 2025-05-27 12:30
Core Viewpoint - Troubadour Resources Inc. has secured ATI drilling permits for its Senneville Copper-Gold Project in Val-d'Or, Quebec, enabling systematic exploration and targeted drilling programs in 2025-2026 [1][6]. Group 1: Permit Acquisition and Regulatory Compliance - The ATI (Amendment to the Technical Information) permits were granted by Ressources Naturelles et Forêts Quebec, allowing the company to conduct exploration work while addressing local and Indigenous community concerns [1][2]. - The ATI permits are valid for two years and can be renewed, providing flexibility for upcoming drill programs and follow-up exploration [3][6]. - The ATI authorization has been mandatory since May 6, 2024, ensuring transparency and community consultation for drilling activities [2][6]. Group 2: Exploration Plans and Historical Data - Troubadour plans to delineate high-priority drill targets at the Gustave Cere showing within the Senneville South Claim group, with historical assay results indicating significant gold presence [4][5]. - Historical grab samples from the area have yielded up to 49.5 grams/tonne (g/t) gold, with channel samples returning up to 6.5 g/t Au over 1.8 meters, and drill intercepts reporting up to 18.15 g/t Au over approximately 0.9 meters [4][5]. Group 3: Company Overview - Troubadour Resources Inc. is focused on the development of critical mineral and precious metal properties, with its flagship project being the Senneville Gold-Copper Project, which consists of 230 mineral claims totaling over 130 km² [7][8]. - The Senneville Project is strategically located within the Val d'Or Mining Camp, near significant deposits, enhancing its exploration potential [8].
Windfall Geotek Announces Appointment of Mark Goodman to Advisory Committee
Thenewswire· 2025-05-27 12:30
Core Insights - Windfall Geotek has appointed Mark Goodman to its Advisory Committee, bringing extensive experience in mining and resource investment [1][2] - The company has been utilizing Artificial Intelligence (AI) in mining exploration since 2005, developing proprietary systems for data analysis and target identification [1][3] - Windfall Geotek aims to validate AI-generated targets to enhance shareholder value and expand its applications in various fields, including landmine detection [3] Company Overview - Windfall Geotek is a leader in AI-driven mineral exploration, integrating advanced data analysis techniques to identify high-potential mineral targets [3] - The company employs a multidisciplinary team with expertise in geophysics, geology, AI, and mathematics [3] - Windfall Geotek has a history of over 20 years in developing its AI systems, which analyze both public and private datasets [1] Leadership Background - Mark Goodman previously served as President of Dundee Corporation from 2017 to 2019, a company focused on natural resources [1] - He has a strong familiarity with Windfall Geotek's AI System, having collaborated with the company for six years in a private venture [2] - Currently, Goodman also leads Copper Road Resources Inc. and serves as Executive Chairman of Sterling Metals Corp. [4]
Beauce Gold Fields to Extend Term of Share Purchase Warrants
Thenewswire· 2025-05-26 19:10
Core Points - Beauce Gold Fields has received Board approval to extend the exercise date of 6,000,000 outstanding common share purchase warrants until June 14, 2027 [1][2] - The warrants, originally set to expire on June 15, 2025, have an exercise price of $0.10, and none have been exercised to date [2] Company Overview - Beauce Gold Fields is focused on exploring and developing the largest placer gold district in eastern North America, with the goal of tracing old placer gold workings back to a bedrock source to uncover economic lode gold deposits [3] - The flagship property is the St-Simon-les-Mines Gold project, which is historically significant as the site of Canada's first gold rush, predating the Yukon Klondike [3] - The Beauce region has a rich history of placer gold mining, with operations from the 1860s to the 1960s, producing some of the largest gold nuggets in Canadian mining history, ranging from 50 ounces to 71 ounces [3] - The company is currently exploring recently discovered antiform systems that may have contributed to extensive auriferous placer deposits in Beauce [3] - The geological model suggests that placer gold formed in stressed quartz pockets within layered domed Axis of Antiforms, similar to notable global Saddle Reef formations [3]
Silver North Reviews Tim Drill Program Results & 2025 Plans
Thenewswire· 2025-05-26 12:00
Core Insights - Silver North Resources Ltd. has reported successful results from the 2024 drilling campaign at the Tim Project, confirming the presence of a Carbonate Replacement Deposit (CRD) style system [2][6] - Coeur Silvertip Holdings, Ltd. is executing and funding the exploration under an option agreement, which allows Coeur to earn an initial 51% interest in the Tim Project, potentially increasing to 80% [1][8] - The best drill intercept from the 2024 program returned 3.39 meters of 52.8 g/t silver, 0.28 g/t gold, 0.11% lead, and 0.27% zinc [2][5] Exploration Details - The 2024 drilling program involved 2,250 meters of drilling across six holes, primarily targeting the Wolf Fault [3][6] - The program confirmed the presence of permissive host rocks, including the Rosella Formation Limestones, which are conducive to deposit formation [2][6] - Coeur plans to conduct follow-up drilling based on the 2024 drilling and geophysical data to identify potentially productive areas within the Tim CRD system [3][8] Financial and Operational Terms - Coeur is required to complete a minimum of $3.55 million in exploration expenditures and make cash payments totaling $275,000 to Silver North by December 31, 2026, to earn the initial 51% interest [8] - Coeur can increase its interest to 80% by making additional cash payments of $100,000 per year in 2027 and 2028, completing a positive feasibility study, and notifying Silver North of its intention to develop a mine by December 16, 2028 [8] Notable Drill Results - Five out of six holes successfully tested the Wolf Fault or its splays, with intersections ranging from approximately 0.5 to over 6.0 meters, showing anomalous silver, lead, zinc, and pathfinder elements [5][6] - TIM24-Pad01-001 intersected a massive pyrrhotite interval with blebs of scheelite and anomalous results for silver, gold, lead, zinc, bismuth, tellurium, and tungsten [5][6] Company Overview - Silver North's primary assets include the 100% owned Haldane Silver Project and the Tim Project, which is under option to Coeur Mining, Inc. [10] - The company is listed on the TSX Venture Exchange under the symbol "SNAG" and trades on the OTCQB market in the United States under the symbol "TARSF" [11]
Early Warning Notice Regarding Dixie Gold Inc.
Thenewswire· 2025-05-23 22:30
Summary of Key Points Core Viewpoint - Ryan Kalt has increased his stake in Dixie Gold Inc. by acquiring an additional 806,000 common shares, representing 2.54% of the company's total shares, through open market transactions [2][3]. Company Ownership - Following the recent acquisition, Ryan Kalt now owns a total of 12,489,875 common shares of Dixie Gold, which constitutes approximately 39.35% of the company's currently issued and outstanding common shares [3]. Future Intentions - Mr. Kalt and/or his corporate entities may consider acquiring more securities of Dixie Gold or selling existing securities based on market conditions and other relevant factors, although no specific plans have been disclosed [5].
SPARC AI Shortlisted for Prestigious Innovation Award
Thenewswire· 2025-05-22 13:00
Core Insights - SPARC AI INC. has been shortlisted for the 2025 Australian Association for Uncrewed Systems (AAUS) Innovation Award, recognizing its contributions to uncrewed systems and advanced air mobility (AAM) sectors in Australia [1][2] - The AAUS Innovation Award honors organizations that exhibit creativity and technical excellence in uncrewed systems across various domains [2] - SPARC AI is preparing for an investor roadshow in Canada in June 2025, including a presentation at the Investor Clubhouse event in Toronto, aimed at showcasing its AI solutions to 80 VIP investors [3] Company Overview - SPARC AI has developed a Target Acquisition System that determines geolocation coordinates of distant objects without relying on traditional technologies such as radar, lidar, GPS, sensors, satellites, or image recognition software [5]
Allied Critical Metals Announces Corporate Update
Thenewswire· 2025-05-16 21:00
Core Viewpoint - Allied Critical Metals Inc. has provided an update on its use of funds following a concurrent financing of approximately $4.6 million, emphasizing the prioritization of exploration at the Borralha Tungsten Project to achieve a preliminary economic assessment by summer 2025 [1][3][4]. Summary by Relevant Sections Use of Funds - The company plans to allocate the funds from the concurrent financing as follows: - Borralha Phase 1: $492,600 - Borralha Phase 2: $1,503,200 - Vila Verde Phase 1: $0 (not funded) - Vila Verde Phase 2: $0 (not funded) - Prepayment on 2027 Note: $100,000 - General and administrative costs: $180,000 - Investor relations services: $885,500 - Additional working capital: $231,866 - Total estimated use of funds is $3,574,811, which is $245,824 less than the maximum projected amount of $3,820,635 [2][5]. Exploration Focus - The company is prioritizing the Borralha project for exploration, which is expected to enable the completion of a preliminary economic assessment (PEA) or prefeasibility study (PFS) by the end of summer 2025. Drilling at Borralha is anticipated to commence on May 22, 2025 [3][4]. Investor Relations Strategy - A total of $885,500 has been allocated for investor relations services to enhance the company's profile and facilitate future capital raising efforts following the completion of the PEA/PFS [4][5]. Market Context - The tungsten market is currently valued at approximately $5 to $6 billion USD, with prices having risen by 25% from $320/MTU to $400/MTU over the past five months. This increase is attributed to a favorable macroeconomic environment for tungsten, which is considered a critical metal [4][12]. Management Changes - Sean Choi has been appointed as the new Chief Financial Officer, replacing Keith Margetson, who will continue as a consultant [8][9]. Stock Options and RSUs - The company has granted 3,500,000 stock options at an exercise price of $0.22 per share and 4,097,760 restricted share units (RSUs) to its directors, officers, employees, and consultants [10][11].