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Lexston Mining Corporation Closed the Private Placement
Thenewswire· 2026-01-20 14:00
Core Viewpoint - Lexston Mining Corporation has successfully closed a non-brokered private placement, raising $500,000 through the issuance of 6,250,000 units at a price of $0.08 per unit, with each unit consisting of one common share and one common share purchase warrant [1] Group 1: Financial Details - The private placement raised gross proceeds of $500,000 [1] - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of one common share at a price of $0.10 for five years [1] - The proceeds from the private placement will be used for exploration expenditures and general working capital [2] Group 2: Regulatory and Compliance Information - All securities issued in the private placement are subject to a four-month statutory hold period until May 21, 2026 [3] - No finder's fees were paid in relation to the private placement [2] Group 3: Company Overview - Lexston Mining Corporation is a Canadian mineral exploration company focused on acquiring and developing mineral projects to enhance value for stakeholders [4] - The company has mineral exploration projects located in British Columbia and Nevada [4]
San Lorenzo Gold Announces Final Closing of Private Placement and Amended Advisory Engagement Agreement
Thenewswire· 2026-01-20 14:00
Core Viewpoint - San Lorenzo Gold Corp. has successfully completed the final closing of its private placement, raising a total of approximately $5.99 million for exploration and working capital purposes [1][2]. Group 1: Private Placement Details - The final closing involved the issuance of 5,567,193 units for gross proceeds of $3,451,659.66, bringing the total raised under the offering to $5,999,999.78 [1]. - Each unit consists of one common share and one half of a share purchase warrant, with full warrants allowing the purchase of additional common shares at $0.80 for two years [1]. - Cash commissions of $179,408.90 were paid, and 15,862 broker warrants were issued, each allowing the purchase of a common share at $0.80 for one year [1]. Group 2: Use of Proceeds - The proceeds from the offering will be allocated to exploration efforts on the Salvadora property and for general working capital, including offering expenses [2]. Group 3: Advisory Agreement - San Lorenzo will enter into an amended advisory engagement agreement with Argonaut Corporate Finance Limited, granting 1,000,000 stock options at $0.80 per share for two years [3]. - These options replace previously planned advisory warrants as part of the compensation for Argonaut [3]. Group 4: Company Focus - San Lorenzo is advancing its flagship Salvadora property in Chile's mega-porphyry belt, currently conducting a phase 6 drilling program on two of five identified targets [4]. - Previous drilling phases have indicated the presence of significant gold and copper enriched systems within the Salvadora property [4].
Grafton Resources Announces LOI to Acquire Silver One Project in Chile
Thenewswire· 2026-01-20 14:00
Core Viewpoint - Grafton Resources has entered into a non-binding letter of intent to acquire a 100% interest in the Silver One project in Chile, which is seen as a high-grade silver-copper target with significant development potential [1][2]. Project Overview - The Silver One project is located in the historic Au-Ag-Cu mining Pedernal district of central Chile, accessible via established roads [4]. - The project area hosts nearly 90 ore bodies, primarily polymetallic veins, and is characterized by epithermal low sulfidation vein systems [5]. - Historical mining indicates the presence of silver-copper-bearing sulphide vein systems, with significant grades reported in waste material [6][7]. Geological Interpretation - The project targets mineralized veins hosted within grey volcanic breccias, with a favorable horizon for Ag-Cu sulphide deposition [8]. - Historic waste dump material averages 296 g/t Ag and 2.6% Cu, indicating high potential for valuable mineralization [10]. Acquisition Terms - The proposed acquisition involves a total consideration of C$820,000, including a cash payment of C$100,000 and the issuance of 800,000 common shares valued at C$720,000 [11]. - The shares will be subject to voluntary escrow provisions over 36 months [11]. Next Steps - The company plans to drill the Silver One project in the second half of 2026 and is building a local exploration team [3]. - Future steps include securing access to historic stopes, conducting targeted geophysical surveys, and focused drilling to test mineralization continuity [14]. Company Background - Grafton Resources is a Canadian exploration company focused on mineral asset discovery and development in the Americas, emphasizing responsible exploration and community partnerships [19].
Happy Creek Announces Resignation of Director
Thenewswire· 2026-01-20 14:00
Core Viewpoint - Happy Creek Minerals Ltd. announces the resignation of David Blann from its Board of Directors, effective January 19, 2026, and expresses gratitude for his contributions during his tenure [1] Company Overview - Happy Creek is focused on discovering and building resources near infrastructure within its 100-percent-owned portfolio of diversified metals projects in British Columbia [2] - 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 [2] Recent Developments - On November 7, 2024, Happy Creek completed the sale of the Highland Valley Copper Project to Metal Energy Corp., holding 2,347,220 common shares of Metal Energy post-sale [3] - The company is committed to responsible mineral resource development and prioritizes building mutually beneficial relationships with Indigenous Communities in its exploration territories [3]
Pinnacle Samples up to 17.7 g/t Gold on La Estrella Vein and Extends Strike Length of La Dura Vein, Enlarging the Footprint of the Gold-Silver System at El Potrero
Thenewswire· 2026-01-20 13:30
Core Viewpoint - Pinnacle Silver and Gold Corp. has confirmed strong gold-silver mineralization in the Estrella Vein at the El Potrero project in Mexico, indicating significant potential for further exploration and development [1][3]. Group 1: Estrella Vein Findings - Surface and underground sampling of the Estrella Vein revealed two mineralized zones with grades of 5.49 g/t Au and 48 g/t Ag over 0.72 metres, and 1.87 g/t Au and 51 g/t Ag over 1.1 metres [1]. - Individual samples from the Estrella Vein assayed up to 17.7 g/t Au and 24 g/t Ag over 0.5 metres, and 3.51 g/t Au and 196 g/t Ag over 0.8 metres [1]. - The vein has been traced for nearly 150 metres along strike and is open in both directions, with a maximum width of 6.0 metres at the northern end [1]. Group 2: La Dura 2 Mine Developments - Surface sampling at the La Dura 2 mine has extended the known mineralization to approximately 45 metres, with notable assays including 6.89 g/t Au and 208 g/t Ag over 1.4 metres [2]. - The identification of higher-grade mineralization at La Dura 2 has more than tripled the known strike length of this mineralized zone [4]. Group 3: Geological Context and Exploration Potential - The Estrella vein is located approximately 500 metres southwest of the main Dos de Mayo structure, suggesting significant vertical continuity of the epithermal system [3]. - The geological characteristics of the vein, including brecciated textures and the presence of clay minerals, indicate it is part of a low-sulphidation epithermal system [3]. - The intersection of the Estrella vein with the Dos de Mayo structure could be a significant locus for mineralization, extending the Estrella structure by 600-800 metres [5]. Group 4: Sampling and Quality Assurance - A total of 62 underground channel samples were taken, with 35% of gold assays exceeding 1.0 g/t Au and 27% of silver assays exceeding 31 g/t Ag [6]. - Systematic chip channel sampling was conducted to ensure accurate representation of the mineralized structures [8]. Group 5: Project Overview - The El Potrero project is located in the Sierra Madre Occidental region of Mexico, near several operating mines, indicating a favorable mining environment [13]. - The property has significant exploration potential due to its history of limited systematic exploration [14]. - A previously operational 100 tpd plant can be refurbished for near-term production once permits are secured [15].
Mithril Drills High-Grade Gold-Silver At Target 1 And Further Expands The District Scale, Copalquin, Mexico
Thenewswire· 2026-01-20 12:30
Core Insights - Mithril Silver and Gold Limited has reported significant exploration success at its Copalquin property in Durango State, Mexico, indicating a strong potential for resource expansion and mineralization [1][3]. Exploration Results - Recent drilling at Target 1 has yielded high-grade intercepts, including 1.35 m at 21.9 g/t gold and 357 g/t silver, with notable intervals such as 0.50 m at 57.7 g/t gold and 924 g/t silver [2][13]. - The drilling program has confirmed the vertical continuity of the Refugio 1 structure, with a 300-meter down-dip extension, suggesting further resource expansion potential [5][7]. Geological Insights - The drilling results indicate a broad anomalous silver zone with extensive hydrothermal alteration, which is characteristic of a well-developed hydrothermal system, enhancing the potential for mineralization both along strike and at depth [4][22]. - The presence of a wide alteration halo and significant silver mineralization suggests a robust epithermal system, increasing the likelihood of discovering additional mineralized structures [26][23]. Future Plans - Mithril plans to conduct an aggressive exploration program in 2026, with 25,000 meters of drilling scheduled for the first half of the year, focusing on expanding known mineralized zones and testing new high-priority targets [5][29]. - The company has also added the nearby La Dura property to its portfolio, which will undergo LiDAR and aerial magnetic surveys to further assess its potential [8][29]. Resource Estimation - The maiden mineral resource estimate for Target 1 includes 691,000 tonnes at 5.43 g/t gold and 114.2 g/t silver classified as indicated, and 1,725,000 tonnes at 4.55 g/t gold and 151.7 g/t silver classified as inferred [31][32].
Opawica Explorations Gives Company Update
Thenewswire· 2026-01-20 12:30
Core Viewpoint - Opawica Explorations Inc. is advancing its exploration projects, particularly focusing on the Arrowhead and Bazooka properties, amidst high gold prices and significant interest in its assets [2][3]. Company Updates - The company has completed a drill program and reviewed all data, with plans to drill 10,000 meters on high-priority targets at the Arrowhead property, which is fully permitted and surrounded by Agnico Eagle's La Rhonde Complex [2]. - Opawica is exploring joint venture or sale opportunities for its Bazooka property, indicating a strategic move to maximize asset value [3]. Accomplishments - In 2025, Opawica received drill permits for both the Bazooka and Arrowhead properties and announced over 10,000 meters of high-priority drill targets for both properties [4]. - The company was awarded Gold Explorer of the Year for 2025 by Metals and Mining Magazine, highlighting its achievements in the sector [4]. - A conceptual exploration target for the Bazooka property is estimated at 10-40 million tonnes grading between 0.9 to 1.45 grams per tonne gold, potentially yielding 1.5 to 2 million ounces [4]. Financial Developments - Opawica raised a total of $5.28 million through an oversubscribed private placement and completed an additional $2 million in flow-through shares [4][7]. - The company has invested over $6 million in its assets since 2021, with three drill programs completed, indicating a strong commitment to exploration [8]. Future Plans - The company aims to maximize shareholder value through the continued development of its assets, including allocating additional funds into the Rouyn-Noranda camp [5]. - Immediate focus remains on advancing the Arrowhead and Bazooka properties, with optimism about enhancing value for stakeholders [6]. Technical Developments - Opawica has engaged GoldSpot Discoveries Corp. for AI machine learning services and completed a 384-line-kilometer geophysical survey on the Bazooka asset [7]. - A 2-D deep seismic program was completed on the Arrowhead property, further supporting exploration efforts [7].
Rackla Summarizes 2025 Exploration Results And Plans For 2026
Thenewswire· 2026-01-20 12:00
Core Insights - Rackla Metals Inc. has released its year-end summary of exploration activities on the Grad Property and other regional targets, outlining plans for 2026 after disappointing drilling results in 2025 [1] Exploration Results - The 2025 drilling program consisted of 4500 meters across ten holes, but failed to intersect significant mineralization, with the best result being 2.56 g/t gold over 10.5 meters [4] - The discovery of the BiTe showing in 2024 returned multi-gram gold results, but subsequent drilling did not meet expectations, leading to a review of geochemical data [4][5] - A total of 738 surface rock samples and 3081 drill samples were analyzed, revealing that gold mineralization at BiTe is closely correlated with tellurium, bismuth, and antimony [5][6] Geochemical Analysis - The geochemical conditions at the BiTe showing differ significantly from those observed in drill core samples, suggesting that the drilling did not target the correct intrusive phase or structural environment [7][15] - The study identified other areas within the North Nahanni Pluton that exhibit a similar geochemical signature to BiTe, warranting further mapping and sampling [15] Regional Exploration Targets - Rackla has expanded claims on the Ogre property and staked the Calypso and Lened properties, totaling an additional 26,740 hectares in the region [16] - The Calypso target has shown promising results with talus sampling averaging 0.162 ppm Au over an 800-meter anomaly [19] - The Manta target has also returned high-grade gold-bearing samples, indicating potential for further exploration [20] Historical Context and Future Plans - The Lened Tungsten Deposit has historical significance, with previous exploration revealing a resource of 2.82 million tonnes at a grade of 1.27 WO3, and Rackla plans to evaluate this area for gold potential in 2026 [28][29] - Stream sediment sampling in the South Lened area has returned high values for rare earth elements, indicating potential for economic placer occurrences [30][35]
Vault Enters In To Agreement For Option To Acquire Portfolio Of US Historical Mining Assets And Corresponding Historical Databases
Thenewswire· 2026-01-20 12:00
Core Viewpoint - Vault Strategic Mining Corp. has entered into an Option Agreement to acquire a 100% interest in four mineral exploration projects focused on Silver, Gold, and Tungsten-Beryllium across the Western United States, leveraging extensive historical data for future exploration plans [1][22]. Group 1: Acquisition Details - The Option Agreement includes four historical mining properties: Robinson Dyke, Golden Dome, Mount Wheeler, and Mia, with the potential for future exploration and development [28]. - The acquisition is structured as a non-material transaction, requiring cash payments totaling $15,500 for Robinson Dyke, $55,000 for Golden Dome, $42,000 for Mount Wheeler, and $80,000 for Mia, with associated net smelter return royalties [29][30]. Group 2: Historical Data and Exploration Context - The properties have a documented history of extensive exploration, including sampling, drilling, and feasibility studies, which provide a strong foundation for modern exploration efforts [22][23]. - Historical assays from the Mia Silver Project indicate significant mineralization, with gold assays reaching up to 1.10 ounces/ton and silver assays as high as 178.00 ounces/ton [3][4]. - The Mount Wheeler Historical Tungsten Mine has a history of production, with 1,800 tons of rock averaging 1.3% WO3 extracted between 1952 and 1955 [13][23]. Group 3: Future Exploration Plans - The company plans to conduct a comprehensive exploration program, including geophysics, diamond drilling, and road construction, to further assess the mineral potential of the acquired properties [12][26]. - The historical data will guide the design of modern exploration and evaluation programs, although it does not comply with current NI 43-101 standards [24][25].
Ares Strategic Mining Awarded Multi-Year Pentagon Contract with Estimated Initial Award Value of ~$169M and Potential Task Orders Up to $250M Over Five Years
Thenewswire· 2026-01-20 11:30
 Vancouver, B.C., 20th January 2026 – TheNewswire – In a major development for the U.S. critical minerals industry, Ares Strategic Mining Inc. (CSE: ARS) (OTC: ARSMF) (FRA: N8I1) has been officially awarded a $168,938,267.30 contract by the U.S. Department of Defense (DoD) through the Defense Logistics Agency (DLA) – a significant initiative to help strengthen America’s domestic manufacturing and supply base and support the rebuilding of U.S. strategic mineral stockpiles. Click Image To View Full SizeThe a ...