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Adamera Identifies New Gold Prospect on the South Hedley Property in British Columbia
Thenewswire· 2025-08-07 12:05
Vancouver, British Columbia – TheNewswire - August 7, 2025 – Adamera Minerals Corp. (TSX-V: ADZ; OTC: DDNFF) ("Adamera" or the "Company") announces it is delineating areas on the 18,714-hectare South Hedley Property in B.C. that warrant detailed exploration. Work on one area, the Max Prospect, currently commands the highest priority. The Max Prospect is located in the northwest portion of the 100% owned property, between Whistle and Smith Creeks. The site is unexplored, having been identified from reconnais ...
Rackla Metals Provides Update on Continuing Drilling at Grad Property, NWT
Thenewswire· 2025-08-07 11:00
Core Insights - Rackla Metals Inc. is making significant progress on its 2025 exploration program in western Northwest Territories, with a planned 4,000-meter drill program on the Grad property [1] - As of August 5, 2025, 2,058 meters have been drilled, with five holes completed and one hole (G25-006) currently in progress [1][5] - The company has observed a consistent set of sheeted quartz/sulphide+tourmaline veins across all drilled holes, with vein density averaging between 5 to 10 per meter [3] Exploration Progress - The drilling operation is averaging approximately 50 meters per shift, translating to about 100 meters per day, with a single drill rig operating continuously [1] - Completed holes G25-004 and G25-005 have been logged and are expected to have samples shipped to the lab by the end of the week [4] - The first three holes (G25-001, G25-002, and G25-003) are currently in the lab, with analytical results anticipated in the coming weeks [4] Drill Hole Details - The drill holes have been strategically placed, with G25-004 and G25-005 drilled from the same pad, targeting areas with strong quartz and quartz-tourmaline veining [3] - Hole G25-006 is a 135-meter step-out to the west of holes G25-004 and G25-005, aiming to test the extension of the vein system [3] - The planned depth for hole G25-006 is 500 meters [5] Mineralization Observations - Visual observations from the core samples indicate strong alteration and the presence of bismuthinite and/or bismuth-gold alloy in the veins [9][10] - The company is encouraged by the density of sheeted veining and the abundance of key sulphide minerals like bismuthinite [14][16] - Additional drill pad (Pad G) has been added to test the extension of the zone southeastward, furthering exploration efforts [14] Community Engagement - Rackla is committed to maintaining respectful relationships with the Sahtu Dene First Nation and local stakeholders as exploration activities progress [19]
Element79 Gold Engages Rangefront Mining Services to Prepare NI 43-101 Technical Report on Gold Mountain Project; Site Visit Completed
Thenewswire· 2025-08-06 13:00
Core Insights - Element79 Gold Corp has engaged Rangefront Mining Services to prepare a National Instrument 43-101 Technical Report for its Gold Mountain Project in Nevada [1][10] - The site visit conducted by Rangefront's Principal Geologist, Mr. Steven L. McMillin, included inspections of historic adits, surface sampling zones, and geological structures [2] - The Gold Mountain Project consists of 34 unpatented lode claims covering approximately 702 acres, located 13 kilometers southwest of Battle Mountain, Nevada [9][13] Engagement and Site Visit - Rangefront Mining Services will validate data integrity and support the development of the NI 43-101 Property of Merit report [2] - The site visit included comprehensive fieldwork to assess the geological potential of the Gold Mountain property [2][3] - Photos from the site visit highlight key geological features that demonstrate the property's potential [3] Project Details - The Gold Mountain Project was acquired by Element79 Gold Corp on August 1, 2025, and is situated in an area known for high-grade gold-silver mineralization [9][13] - The company aims to compile and digitize historical exploration data alongside 2023 surface sampling results as part of ongoing technical work [9] - The completed NI 43-101 Technical Report is expected to be filed during Q3 2025 [10] Company Overview - Element79 Gold Corp focuses on gold and silver exploration, with assets in Nevada and Peru [13] - The company is advancing its Elephant project in the Battle Mountain trend and has acquired the drill-ready Gold Mountain project [13] - Element79 Gold is listed on the Canadian Securities Exchange, Frankfurt Stock Exchange, and OTC QB market [13]
WesCan Energy Announces Loan Transaction
Thenewswire· 2025-08-06 12:50
Core Viewpoint - WesCan Energy Corp. has secured a loan of $2,000,000 from a related party to fund drilling activities in Alberta, with a focus on oil development in the Mannville Group [1][2]. Group 1: Loan Details - The loan has a three-year term with an annual interest rate of 12%, and interest payments will be made monthly [1]. - The loan proceeds will be allocated for drilling, completion, and associated capital expenditures related to a multilateral horizontal oil well in the Provost area of Alberta [1]. - The loan is secured by a general security agreement covering all personal property of the Company [1]. Group 2: Related Party Transaction - The loan is classified as a "related party transaction" since the Lender's sole director and controlling shareholder is also a director and control person of the Company [2]. - The Company is utilizing exemptions from obtaining a formal valuation and "majority of the minority" approval as per specific sections of Multilateral Instrument 61-101 [2]. Group 3: Future Communications - Updates and press releases regarding the Company will be available on its official website [3]. - Further information about the Company's future plans will be disseminated in upcoming press releases [3].
New Age Metals Increases its Ownership in MetalQuest Mining
Thenewswire· 2025-08-06 12:10
Core Viewpoint - New Age Metals Inc. (NAM) is increasing its stake in MetalQuest Mining Inc. (MQM) to enhance its strategic investment in critical metals, particularly high-purity iron ore, which is deemed essential for future steel production [1][2][3] Group 1: Investment Details - NAM's ownership in MQM has risen from 6.44% to 19.05% on a post-conversion beneficial ownership basis, and undiluted ownership increased from 6.44% to 12.79% [2] - The investment will support MQM's Go-Forward Plan, with AtkinsRéalis contracted to conduct a gap analysis for the Lac Otelnuk Iron Ore Project [3][8] - The funds for this investment were sourced from NAM's stock account, ensuring that the capital for core exploration and development programs remains intact [4] Group 2: Project Overview - The Lac Otelnuk Iron Ore Project is one of North America's largest undeveloped iron ore deposits, with an estimated 20 billion tonnes of iron ore in the measured and indicated category and approximately 6 billion tonnes in the inferred category [5] - Over $120 million has been invested in the project, which includes extensive drilling and a complete historic Feasibility Study conducted in 2015 [5] - The project is strategically positioned to supply Direct Reduction (DR)-grade iron ore, aligning with the rising global demand for cleaner steel inputs [7] Group 3: Market Context - The iron ore industry has faced challenges, but significant investments have been made in the Labrador Trough region in 2025, with Vale and Nippon Steel committing substantial funds to iron ore projects [3] - The investment in MQM allows NAM to further diversify its portfolio in critical metals, which now includes high-purity iron ore as its fourth critical metal [10]
Leocor Mining Drills 28.5 g/t Au over 0.4m at Dorset Gold Project, Baie Verte, Newfoundland
Thenewswire· 2025-08-06 12:00
Figure 1. Samples 229763 and 229764 in hole 25-DR-005 which ran 0.12 g/t Au and 1.13 g/t Au respectively for a length weighted composite of 0.67g/t over 1.1m from 42.5m downhole Figure 2. Sample 229771 in hole 25-DR-005 which ran 28.5g/t Au over 0.4m drilled length. Vancouver, British Columbia – TheNewswire - August 6, 2025 - Leocor Mining Inc. (the "Company" or "Leocor") (CSE: LECR, OTCQB: LECRF; Frankfurt: LGO0) (formerly Leocor Gold Inc.), a junior resource company focussed on the exploration and develop ...
Aztec Samples up to 15.6 gpt Gold & 177.3 gpt Silver at the Cervantes Project, Sonora, Mexico; Surface Exploration Program Outlines Multiple Strong Precious Metals Targets
Thenewswire· 2025-08-06 11:00
News Release - Vancouver, Canada – TheNewswire - August 6, 2025 - Aztec Minerals Corp. (AZT: TSX-V, OTCQB: AZZTF) ("Aztec" or the "Company") announces results from the initial phase of its 2025 exploration program at the Cervantes porphyry gold-copper project in Sonora, Mexico. Click Image To View Full Size Aztec has now completed an initial phase of its 2025 surface exploration program comprised of reconnaissance outcrop sampling and geological mapping of several targets at the 3,649 hectare, 100%-owned pr ...
Arizona Gold & Silver Intersects 14.5 Grams Per Tonne Gold Within 22.26 Metres (73 Feet) of 4.24 GPT Gold At Philadelphia Project, Arizona
Thenewswire· 2025-08-06 11:00
Core Findings - Arizona Gold & Silver Inc. has reported positive results from the ongoing core drilling program at the Philadelphia Project, highlighting an intercept of 14.5 g/t gold over 1.52 meters within a broader interval of 4.24 g/t over 22.26 meters, indicating continuity of vein thickness and an increase in grade as drilling progresses [1][3] Drilling Results - Core hole PC25-155 shows significant results, with a 40% increase in gold grade compared to previous hole PC25-154, which is located approximately 60 meters up dip [2] - The true thickness of the intercepts in PC25-155 is approximately 57% of the drill thickness, with notable gold and silver grades reported [2] Geological Insights - The geological characteristics observed, such as the replacement of bladed calcite by yellow quartz, suggest the presence of a high-grade epithermal system, indicating proximity to the boiling zone where gold grades typically increase [3] - The vein system at the Philadelphia Project is compared to the historic Oatman Gold Mining District, which produced over 2 million ounces of gold from similar high-grade veins, suggesting potential for high-grade zones [3] Future Drilling Plans - Core hole PC25-156 is currently in progress and is expected to test the targeted vein below hole 155, with the potential to unlock a major high-grade gold discovery [5][6] - The results from hole 156 will guide the next phase of drilling, focusing on expanding the mineralized footprint along the strike [6] Company Overview - Arizona Gold & Silver Inc. is focused on uncovering precious metal resources in Arizona and Nevada, with a commitment to sustainable practices and innovative exploration techniques [10]
Giant Mining Expands AI-Driven U.S. Copper Exploration at Majuba Hill with ExploreTech Phase 2 Drill Program
Thenewswire· 2025-08-06 07:05
Core Insights - Giant Mining Corp. has successfully completed a site visit with Exploration Technologies Inc. to advance domestic copper production in line with the America First industrial strategy [1][2] - The Phase 2 exploration program aims to define and delineate a mineralized system to develop a NI 43-101 compliant Mineral Resource Estimate [3][4] - The company is leveraging AI-assisted geophysical modeling to optimize exploration efforts and reduce risks associated with drilling [2][5] Company Developments - The Phase 1 drill program confirmed hypogene copper mineralization and strong breccia controls, correlating with previously identified high-grade copper intercepts [6][7] - ExploreTech has been reaffirmed as the technical partner for the 2025 Phase 2 exploration, reinforcing Giant Mining's commitment to American copper independence [7] - The company has secured funding for the next phase of drilling at the Majuba Hill project, which is located in a top-ranked mining jurisdiction in Nevada [12][13] Market Context - Copper prices have surged over 40% year-to-date, reaching a peak of US $5.72 per pound, driven by strong demand and tightening global supply [4][5] - The initiative aligns with bipartisan support for revitalizing domestic supply chains in critical metals, emphasizing the importance of reshoring copper production for national security and energy transition [5][16] Project Characteristics - The Majuba Hill project spans 9,684 acres and is well-positioned with solid infrastructure, including access to roads, power, and water [12][13] - Historical production and extensive drilling indicate a potentially large mineralized body with significant expansion potential [13][17] - The company employs a robust QA/QC program to ensure the integrity of its exploration and drilling processes [14]
Bolt Metals Completes Debt Settlement
Thenewswire· 2025-08-06 01:00
Core Points - Bolt Metals Corp. has completed debt settlement agreements totaling CAD $117,535 with certain creditors, issuing 11,753,500 common shares at a deemed price of CAD $0.01 per share [1][2] - The board of directors determined that completing the debt settlements was in the best interest of the company to preserve cash for working capital [2] - Bolt Metals Corp. focuses on the acquisition and exploration of precious and base metal properties, with projects including Soap Gulch in Montana and Switchback in British Columbia [3]