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Happy Creek Announces Intended Name Change to Fox Tungsten Ltd.
Thenewswire· 2026-02-03 22:05
Company Overview - Happy Creek Minerals Ltd. intends to change its name to Fox Tungsten Ltd., pending approval from the TSX Venture Exchange [1] - The company focuses on discovering and building resources near infrastructure within its 100-percent-owned portfolio of diversified metals projects in British Columbia [2] Project Highlights - Key projects include the high-grade Fox Tungsten deposit, the Silverboss molybdenum-copper-gold-silver project adjacent to Glencore's closed Boss Mountain molybdenum mine, and the Hen-Art-DL gold and silver project [3] - On November 7, 2024, the company completed the sale of the Highland Valley Copper Project to Metal Energy Corp., retaining 2,347,220 common shares of Metal Energy [3] Corporate Responsibility - The company is committed to responsible mineral resource development and prioritizes building mutually beneficial relationships with Indigenous Communities in the areas where it operates [4]
Lighthouse Gold to Acquire 100% interest in Aurora NW Project, Guyana
Thenewswire· 2026-02-03 21:30
Core Viewpoint - Lighthouse Gold Inc. has entered into a definitive option agreement to acquire a 100% interest in the Aurora NW Project located in Guyana, which includes associated mineral rights, permits, and claims [1][2]. Financial Terms - The option to acquire the property is available over a three-year period, with a total cash consideration of $50,000 USD, of which $10,000 USD was paid upon signing the letter of intent, and the remaining balance is due upon signing the definitive agreement [2]. - Additionally, 2,000,000 common shares will be issued on the effective date of the agreement [3]. - A Net Smelter Royalty (NSR) will be granted to the vendor based on annual production levels, with the option for the company to repurchase the NSR for $500,000 USD [3]. Transaction Conditions - The agreement is subject to customary terms and conditions, including the receipt of necessary corporate and regulatory approvals, and is classified as an arm's length transaction [4]. - There will be no changes to the company's board or management in connection with the transaction, and no finder's fees will be paid [4]. Securities Information - All securities issued under this transaction will be subject to a hold period expiring four months from the date of issuance or ten days following the filing of the company's Q2 financial statements reflecting the acquisition [5]. Company Overview - Lighthouse Gold Inc. is focused on mineral exploration and development, particularly in acquiring and exploring gold properties in Guyana, South America [6].
Stellar AfricaGold Intersects Multiple Gold-Bearing Zones and Confirms Structural Controls at Tichka Est, Morocco - Drilling Resumed on January 30, 2026
Thenewswire· 2026-02-03 14:50
Core Insights - Stellar AfricaGold Inc. has reported additional assay results and an updated geological interpretation from its diamond drilling program at the Tichka Est Gold Project in Morocco, confirming the presence of a structurally controlled orogenic gold system [1][2] Drilling Results - The ongoing drilling program has confirmed multiple gold-bearing zones, with significant intercepts including TCK_006 reporting 6.0m at 3.81g/t Au, indicating higher-grade mineralization within stacked horizons [7] - The company has recalculated composite gold intersections using a 0.20g/t Au cut-off, which reflects the continuity of mineralization observed [4][9] - Assay results for two completed drill holes are still pending, and drilling resumed on January 30, 2026, after a temporary interruption due to severe winter weather [3][6] Geological Interpretation - Gold mineralization is preferentially localized within fractured diorite sills and adjacent carbonate units affected by secondary shear structures, refining the exploration model [11][15] - The drilling results support a refined structural model, indicating that gold is concentrated in competent host rocks rather than within the main fault zones [17] Next Steps - The company plans to continue drilling to target extensions of known mineralization and additional near-surface targets identified through mapping and trenching [23] - Future drilling will evaluate structural repetitions and stacked mineralized horizons, as well as further explore metal anomalous zones identified in the surrounding area [24] Project Overview - The Tichka Est Gold Project covers an area of 82km² in the High Atlas region of Morocco, with the company able to earn an 85% interest after incurring exploration expenditures totaling US$2.39 million over three years [22] - Early-stage exploration has identified three gold-bearing zones, with significant potential for further discoveries [23]
The New Money Launches Drone Stocks Trend
Thenewswire· 2026-02-03 14:00
Core Insights - The New Money has launched the Drone Stocks Trend, a platform aimed at simplifying public markets by focusing on drone-related companies and investment opportunities [1][2] Industry Overview - The Drone Stocks Trend is part of a broader trend of increasing global investment in unmanned and autonomous systems, with governments and enterprises boosting spending on drones for various applications including defense, border security, and logistics [3] Performance Metrics - The Drone Stocks Trend has seen a cumulative increase of 162.4% over the past 12 months, indicating strong market interest and performance in this sector [4] Company Highlights - Ondas Holdings (NASDAQ:ONDS) specializes in mission-critical wireless technology and autonomous drone systems, providing AI-powered drones for various sectors [4] - Red Cat Holdings focuses on tactical and FPV systems for defense, designing military-grade drones for surveillance and inspection [5] - Safe Pro Group utilizes AI-driven aerial services for threat detection and infrastructure inspection [7] - EHang Holdings develops autonomous aerial vehicles for urban air mobility and emergency response [7] - ZenaTech offers advanced UAVs and drone-as-a-service solutions for multiple industries [8] - Volatus Aerospace provides comprehensive UAV services across commercial and defense sectors [8] - DroneShield specializes in counter-UAS technology for military and critical infrastructure protection [9] - AeroVironment is a leader in defense technology, producing military drones and autonomous systems [9]
Ocumetics Reports Positive Three Month First-in-Human Results, Significantly De-Risking Its Accommodating Intraocular Lens Technology
Thenewswire· 2026-02-03 13:50
Core Insights - Ocumetics Technology Corp. announced positive three-month postoperative results from Group 1 patients in its first-in-human clinical study of the Ocumetics Accommodating Intraocular Lens, validating the company's core technology and marking a significant clinical de-risking milestone as it progresses to subsequent study phases [2][6]. Clinical Results - Group 1 data met or exceeded all predefined internal benchmarks for safety, lens delivery, and foundational distance visual performance, successfully achieving the primary objectives required to advance the clinical program [3][6]. - Patients in Group 1 entered the study with severe visual impairment, with some presenting uncorrected preoperative acuities as poor as 20/250, and post-implantation outcomes demonstrated significant improvements in everyday vision [4][5]. Management Statements - The President and CEO of Ocumetics expressed confidence in the accommodating intraocular lens technology following the successful results, indicating that planning for Group 2 surgeries has already begun [4][10]. - The principal investigator of the trial highlighted that all patient outcomes met safety expectations and emphasized the life-changing impact of the implantations on patients previously classified as legally blind [5][7]. Future Developments - Ocumetics is applying a rapid "win-learn" R&D approach, incorporating real-time surgeon feedback to optimize performance, with refinements to the lens delivery mechanism already implemented based on insights from Group 1 [8]. - Manufacturing and testing of optimized lens designs are currently underway, with Group 2 surgeries expected to be scheduled following the completion of final lens testing and validation [9].
KING GLOBAL Mobilizes for Phase 2 Drill Program on Silver Cord Property
Thenewswire· 2026-02-03 13:05
Core Viewpoint - King Global Ventures Inc. has initiated a Phase 2 diamond drilling program at its Silver Cord Project, aiming to expand on the successful Phase 1 program that confirmed the presence of a polymetallic vein system [1][2]. Group 1: Drilling Program Details - The Phase 2 program will consist of 6 holes from 2 drill pads, totaling up to 6,000 feet of diamond drilling [1]. - The Phase 1 program successfully intersected multiple polymetallic intervals, confirming a polyphase Ag-Pb-Zn-Sb vein system [2]. - A highlight from Phase 1 included an intercept of 9 feet (2.7 meters) at 21.8 ounces (619 grams) per tonne Silver, along with 1.0 g/t Gold, 0.6% Lead, 1.05% Zinc, and 375 g/t Antimony [3]. Group 2: Management Insights - The CEO of King Global Ventures expressed excitement about the Phase 2 drill program and the initial drilling success, indicating the presence of two different polymetallic intervals that require further exploration [4]. Group 3: Qualified Person Review - The scientific and technical information has been reviewed by a Qualified Person, who conducted a comprehensive review of analytical data, geological logs, and drill core photographs from the 2025 Silver Cord drill program [5]. - The Qualified Person confirmed that no material QA/QC issues were identified that would affect the reliability of the assay results [6]. - Geological interpretations presented are consistent with observed drill core and surface mapping, supported by available data at this stage of exploration [7]. Group 4: Other Properties - King Global Ventures is also focused on the Black Canyon Project in Arizona, which covers 4,000 acres and includes 15 former operating mines, targeting copper-gold-silver-zinc mineralization [8]. - The Howard Copper Mine Property, part of the Black Canyon Project, has historical production focused on high-grade copper, with the main shaft sunk to the 900-foot level [9]. - The Mikwam Gold Property in Ontario contains disseminated and vein-hosted gold mineralization associated with quartz-carbonate veins [10].
Belmont Resources Confirms Uranium and Rare Earth Element Potential at the Crackingstone Project Through Modern Re-Assaying
Thenewswire· 2026-02-03 13:00
Core Insights - The re-assaying of historic drill core at the Crackingstone Project has validated bedrock-hosted uranium mineralization and revealed a coherent rare earth element (REE) system, indicating potential for integrated uranium-REE exploration [2][11]. Exploration and Technical Highlights - The re-assaying program focused on intervals from 2008, confirming elevated uranium and REE concentrations, including zones with coincident enrichment [3][7]. - The project is strategically located in the Beaverlodge–Uranium City district, known for past uranium production, and benefits from existing infrastructure and favorable geology [4]. - Key technical highlights from the re-assaying program include multiple intervals with significant uranium and REE values, with specific samples showing high concentrations of both elements [5][6]. Analytical Methodology - Samples were analyzed using inductively coupled plasma–mass spectrometry (ICP-MS) for uranium and REEs, with results reported in parts per million (ppm) [6]. - The total rare earth elements (ΣREE) were measured from lanthanum to lutetium, including yttrium, and the light-to-heavy rare earth element ratio (LREE/HREE) was calculated for geochemical characterization [6]. Strategic Importance - The results support a broader exploration model that aligns with the growing global demand for nuclear fuel and critical minerals, highlighting the evolving landscape since the original drilling [8]. - The findings provide a strong technical foundation for refining exploration targeting and integrating uranium and REE vectors into future geological interpretations [9][11].
Peloton Stakes 200 Additional Claims at the North Elko Lithium Project Bringing the Total Ground Position to 53 Square Kilometers or 20 Square Miles
Thenewswire· 2026-02-03 13:00
Core Insights - Peloton Minerals Corporation has staked an additional 200 mineral claims at its North Elko Lithium Project, increasing the total to 642 claims covering 53 square kilometers [1][9] Exploration and Drilling Results - The new claims cover Bell Canyon and Bell Canyon Road, with recent drilling showing increasing lithium values at depth, averaging 618 ppm over the bottom 155 feet, and a peak of 1150 ppm lithium [2][5] - The Bell Canyon drill location was strategically chosen due to its proximity to a lithium zone discovered by Surge Battery Metals Inc. and historical data from a 1965 water well that indicated similar clay layers [3][5] Future Plans - The company plans to conduct a series of studies using various datasets to refine drill targets for a follow-on program scheduled for summer, including metallurgical work to assess the recoverability of cesium and rubidium, which showed consistent assay results across all drill holes [5][6] - A detailed outline of the upcoming work and studies will be issued once finalized [6] Company Overview - Peloton Minerals Corporation is a reporting issuer in British Columbia and Ontario, with common shares listed on the CSE and trading on the OTC QB [8] - The company's exploration portfolio includes the North Elko Lithium Project, as well as gold projects and a non-controlling interest in a copper porphyry project [9]
MetalQuest Enters Due-Diligence Period on the West Cameron Gold Project, 60 km South of Kenora, in the Kenora Mining District, Northwestern Ontario
Thenewswire· 2026-02-03 12:15
Core Viewpoint - MetalQuest Mining Inc. has entered into an option agreement to potentially acquire a 100% interest in the West Cameron Gold Project, marking its entry into gold exploration and diversifying its portfolio [1][3][4]. Agreement Details - The agreement provides a 40-day due diligence period, followed by an additional five business days for the company to issue a notice to proceed [2]. - If the company proceeds, it will pay a total of CAD $75,000 in cash and shares over three years, subject to a 2% Net Smelter Royalty [20]. Project Overview - The West Cameron Gold Project spans approximately 1,700 hectares and is located in the Kenora Mining District, Ontario, benefiting from established infrastructure and year-round access [7][9]. - The project is adjacent to First Mining Gold Corp.'s Cameron Gold Project, which has significant mineral resources [10]. Exploration Potential - Historical surface sampling has returned gold values up to 9.18 g/t Au, indicating promising mineralization [11]. - The project features gold mineralization associated with shear zones and an interpreted regional fault trend, which is considered favorable for exploration [14][15]. Strategic Importance - The Kenora Mining District is emerging as an active exploration region, supported by improved commodity prices and renewed interest from the industry [6]. - The acquisition aligns with the company's strategy to build a portfolio of strong exploration assets in premier mining jurisdictions [4]. Community Engagement - The company plans to engage with local First Nation communities to pursue collaborative partnerships, emphasizing its commitment to responsible exploration [7]. Industry Context - Recent acquisitions in the region, including significant transactions by Coeur Mining and First Mining Gold Corp., highlight growing interest and activity in the Kenora Mining District [12].
Harvest Gold Meets 2025 Mosseau Exploration Expenditure Obligation Pursuant To Its Mosseau Mineral Agreement With Vior Gold Corporation Inc.
Thenewswire· 2026-02-03 11:30
Vancouver, British Columbia - February 3, 2026 ‑ TheNewswire – Harvest Gold Corporation (TSXV: HVG) (“Harvest Gold” or the “Company”) announces that it has met the required exploration expenditure obligation of $1,250,000 through its 2025 exploration program in the Northern and Central portion of the Mosseau property, its flagship property in the Urban Barry Belt in Quebec’s Abitibi region.Harvest Gold President and CEO, Rick Mark, states: “We have come a long way in the last 18 months and are now in an exc ...