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Stellar AfricaGold Signs Earn-In and Joint Venture Agreement to Advance Zuenoula Gold Project Cote D'ivoire
Thenewswire· 2025-12-09 13:25
Core Viewpoint - Stellar AfricaGold Inc. has entered into an Earn-in and Joint Venture Agreement with MetalsGrove Mining Ltd to advance the Zuénoula Gold Project in Côte d'Ivoire, which covers an area of 395.78 square kilometers [1]. Cash Payments - MetalsGrove will pay Stellar's subsidiary Aucrest US$50,000 upon execution of the agreement to secure exclusivity and initiate the joint arrangement [2]. - An additional payment of US$1,000,000 will be made once the Zuénoula Gold Project achieves a JORC compliant gold resource of 1,000,000 ounces, with at least 500,000 ounces in the Indicated category [2]. Management & Governance - A joint Management Committee will oversee the exploration, consisting of two representatives from each company [3]. - MetalsGrove will nominate the Chairman while it is sole funding exploration activities or holds a greater than 50% interest, with the Chairmanship rotating annually when both parties hold a 50% interest [3]. Operator and Exploration Expenditures - MetalsGrove will act as the Operator of the Zuénoula Gold Project while it is sole-funding exploration, receiving a fee of 5% of agreed Exploration Expenditures [4]. - MetalsGrove must incur a minimum of US$150,000 in Exploration Expenditures by April 16, 2026, and may incur an additional US$1,000,000 by July 16, 2027, to maintain its interest [4]. Earn-in Structure - To acquire a 50% vested interest in the JV, MetalsGrove must incur an additional US$2,000,000 in Exploration Expenditures by April 16, 2029 [5]. - If MetalsGrove withdraws before earning a 50% interest, it will retain no interest in the JV or the project [5]. Joint Venture Interests - Upon achieving a 50% vested interest, Aucrest can either co-fund exploration expenditures or allow MetalsGrove to increase its ownership to 80% by funding an additional US$3,000,000 [6]. - If either party ceases contributing to Exploration Expenditures, its interest will be diluted according to industry standards [7]. Pre-existing Arrangements - The Zuénoula Gold Project is subject to a pre-existing 1% Net Smelter Royalty in favor of Elemental Altus, which will remain a JV obligation [7]. CEO Commentary - The CEO expressed satisfaction with the partnership, highlighting that the agreement and the US$3 million in partner-funded exploration expenditures will de-risk the project while allowing Stellar to maintain exposure to potential upside in Côte d'Ivoire [9].
IDEX Completes Maiden Drill Program at the Freeze Property, Idaho & Provides Program Update and Technical Discussion
Thenewswire· 2025-12-09 13:00
Core Insights - IDEX Metals Corp. has successfully completed its first drill campaign at the Freeze Property in Idaho, confirming the presence of a significant copper-bearing magmatic-hydrothermal system at the Kismet Breccia Target [1][3][5] Summary by Sections Drill Campaign Results - A total of 2,282 meters of drilling was conducted across 6 drillholes at the Kismet Breccia Target, with copper mineralization encountered in all holes [1][4] - The Kismet Breccia Complex has a lateral extent of 765 meters North-South and 135 meters East-West, with vertical continuity exceeding 500 meters, remaining open in all directions [4][6] Significant Discoveries - The final drillhole, KSMT25006, intersected the first intrusive-hosted mineralization on the Property, indicating a deeper magmatic-hydrothermal system [4][7] - Historical mineralization levels have been exceeded, with IDEX drilling returning 101 meters of 1.02% Cu from surface, compared to historical results of 40 meters at 0.83% Cu [6][20] Future Exploration Plans - The company plans to continue exploration at the Freeze Property, with a focus on understanding the connection between the Kismet Breccia and the North Breccia [5][20] - Additional drilling is anticipated in 2026, targeting high-priority areas based on the new project model developed from the recent drilling data [26][20] Technical Objectives - The primary goals of the drilling program were to confirm and expand the historical mineralization footprint and to explore for deeper porphyry-style copper deposits [5][6] - The results have established a cohesive picture of scale and continuity, reinforcing the potential for a major copper discovery at the Freeze Property [3][20]
Spartan Metals Identifies Two New Tungsten-Silver-Rubidium Targets at its Eagle Project, Nevada
Thenewswire· 2025-12-09 13:00
Core Insights - Spartan Metals Corp. has discovered two new tungsten-silver-rubidium exploration targets at the Tungstonia deposit, part of its 100% owned Eagle Project in eastern Nevada [1][2][3] Exploration Results - Soil sample results from a 2025 surface geology program have outlined a 2.0 km x 1.7 km surface anomaly and a 0.75 km x 2.1 km surface anomaly, confirming mapped veins and structures [2][4] - The soil sampling covered approximately 20 square kilometers with 2,100 samples taken on a 100m x 100m grid [4] - Notable grades in soil samples include tungsten up to 272 parts per million (ppm), silver up to 5.9 grams per tonne (g/t), and rubidium up to 537 ppm [4] Anomalies and Mineralization Potential - The Western Tungsten Anomaly aligns with the structural trend of the legacy Tungstonia mine, while the Southeastern Tungsten Anomaly coincides with intrusive contacts with carbonaceous sediments [3][4] - The strength of the anomalies suggests significant new exploration potential, potentially indicating a larger mineral system than previously recognized [3][8] Project Overview - The Eagle Project is located approximately 120 kilometers northeast of Ely, Nevada, covering 36.5 km² and consisting of 445 Bureau of Land Management (BLM) unpatented lode mining claims [17][21] - The project includes past-producing high-grade tungsten and rubidium mines, with historical tungsten production totaling 8,379 units at grades between 0.6%-0.9% WO3 [16][21] Future Plans - The results from the soil sampling will aid in generating drill targets for a planned spring 2026 drill program [2][3] - Additional soil sampling is planned to extend to the boundary of the newly staked Tungstonia claims [4]
Renforth Issues Gold & PGE Exploration Update in Quebec & Financing Announcement
Thenewswire· 2025-12-09 13:00
Core Insights - Renforth Resources Inc. is advancing exploration activities on its Parbec Gold deposit and Victoria Nickel Sulphide Polymetallic deposit, both located near Malartic, Quebec [1][12] Exploration Activities - The company is working on an underground bulk-sample program at the Parbec Gold deposit, which includes rehabilitating an existing decline to access mineralization [2] - Initial permitting submissions for the bulk-sample program are expected to be approved by late Q1 2026, allowing the company to apply for a temporary mining lease [3] - Surface stripping at Parbec has revealed a hinge-fold zone that will be further explored once weather conditions permit [4] Victoria Nickel Sulphide Polymetallic Deposit - Renforth's geological team is reviewing core samples from approximately 10,300 meters of drilling at the Victoria deposit, with plans to submit select core for platinum group element (PGE) assaying [5][6] - The company anticipates that platinum and palladium will be included in the next technical report following proper assaying of existing holes [6] Financing - Renforth plans to raise up to C$500,000 through a non-brokered private placement, with flow-through shares and hard dollar units priced at C$0.02 each [7] - Proceeds from the financing will be allocated to drilling at the Parbec gold deposit and the Victoria polymetallic system, as well as ongoing permitting and surface work [8] 2026 Technical Plans - In 2026, Renforth plans to drill approximately 7,500 meters at the Parbec Gold deposit and 10,000 meters at the Victoria Polymetallic deposit, with updates to resource estimates and technical reports [9][10] Company Overview - Renforth Resources is focused on advancing gold and polymetallic projects in Quebec's Abitibi mining district, with the Parbec Gold Deposit hosting 265,800 ounces of gold in the Measured and Indicated categories [12] - The Victoria Polymetallic Deposit has an initial NI 43-101-compliant inferred resource of 125 million tonnes grading 0.15% NiEq, indicating significant potential for various metals [13] - The company benefits from road access, hydro-electric power, and proximity to established mining infrastructure, positioning it to create shareholder value [14]
Diamond Drill Program Has Commenced in the Timmins Area
Thenewswire· 2025-12-09 12:30
Core Insights - Noble Mineral Exploration Inc. has commenced drilling on a 500-meter hole in Carnegie Township, Ontario, as part of a partnership with 11530313 Canada Inc. This program aims to follow up on previous drilling conducted in 2019, which indicated potential missed conductors [1][3] - An additional 1000 meters of drilling (two holes) is scheduled for early 2026 in Southwest Carnegie Township, contingent on weather conditions [2] - The company retains a 5-year Exploration Right for volcanogenic massive sulphide mineralization and precious metals on lands recently transferred to Canada Nickel [2] Company Overview - Noble Mineral Exploration Inc. is a junior exploration company based in Canada, holding securities in several companies and mineral/exploration rights across approximately 70,000 hectares in Northern Ontario and 24,567 hectares in Quebec and Labrador [4] - The company has significant holdings in the Timmins-Cochrane areas, including Project 81, which features diverse drill-ready targets for gold, nickel-cobalt, and base metals [5] - Noble also holds various properties in Quebec and Labrador, including those focused on rare earth elements and uranium [5]
CHARBONE Taps Air Liquide Veteran Ahead of First Revenue from Flagship Project
Thenewswire· 2025-12-09 12:25
Core Insights - CHARBONE CORPORATION is enhancing its clean Ultra High Purity hydrogen production capabilities with the addition of Jean Watelle, a seasoned engineer with over 25 years of experience in technical and manufacturing management [1][2][3] - The company is preparing for its first revenue generation from its flagship project in Sorel-Tracy, Quebec, focusing on efficient operations and strategic growth to increase shareholder value [3] Company Overview - CHARBONE is a North American producer and distributor specializing in clean Ultra High Purity hydrogen and strategic industrial gases, with a modular approach to developing a network of clean hydrogen production facilities [1][3] - The company aims to support the global transition to a lower-carbon economy by providing accessible, decentralized clean hydrogen and specialty gas solutions, while also addressing the needs of underserved industrial gas customers [3]
Viva Gold CEO to Present at John Tumazos Very Independent Research, LLC
Thenewswire· 2025-12-09 12:00
Core Viewpoint - Viva Gold Corp is advancing its Tonopah Gold Project in Nevada and will present its strategy during a virtual conference on December 10, 2025 [1][2]. Company Overview - Viva Gold Corp owns the Tonopah gold project located in a prominent gold mining area in Nevada, near the Round Mountain mine owned by Kinross Gold [3]. - The company has developed a high-confidence gold Mineral Resource and is working towards demonstrating the economic viability of an open pit, heap leach/mill gold project through a rigorous Preliminary Economic Assessment (PEA) [3]. - The management team, led by CEO James Hesketh, has extensive experience in the mining industry, having developed and constructed eight other mines globally [4]. Financial Information - Viva Gold trades on multiple exchanges: TSX Venture (VAU), OTCQB (VAUCF), and Frankfurt (7PB) [5]. - The company has approximately 145.3 million shares outstanding and is supported by several institutional shareholders [5].
Golden Cariboo Closes Private Placement
Thenewswire· 2025-12-09 08:05
Core Viewpoint - Golden Cariboo Resources Ltd. has successfully closed the third and final tranche of a private placement, raising a total of $1,651,000 through the issuance of 33,020,000 shares, aimed at funding property exploration and general working capital [1][2]. Group 1: Private Placement Details - The third tranche raised $702,500 from the issuance of 14,050,000 units at a price of $0.05 per unit, with each unit consisting of one common share and one share purchase warrant [1]. - The total gross proceeds from all three tranches amount to $1,651,000, with a total of 33,020,000 shares issued [1]. - Finder's fees for the private placement totaled $81,200 and included 1,624,000 finder warrants across all tranches [2]. Group 2: Use of Proceeds - Proceeds from the offering will be allocated for property exploration and general working capital [2]. Group 3: Company Overview - Golden Cariboo Resources Ltd. is focused on the Quesnelle Gold Quartz Mine property, which is part of the historical Cariboo Gold Rush area, covering approximately 94,899 hectares (234,501 acres) [5]. - The Quesnelle Gold Quartz Mine property is located 4 kilometers (2.5 miles) northeast of Hixon, British Columbia, and features the Quesnelle Quartz gold-silver deposit, discovered in 1865 [6]. - The geological characteristics of the Quesnelle Gold Quartz Mine property show strong similarities to the Spanish Mountain gold deposit, which is recognized as a significant gold deposit type [6].
Prismo Metals Announces Continuance into British Columbia
Thenewswire· 2025-12-09 05:00
Core Points - Prismo Metals Inc. has successfully continued its jurisdiction from Canada to British Columbia under the Business Corporations Act [1] - Shareholders approved this continuance during the annual general and special meeting held on October 2, 2025 [1] - The company has updated its articles and bylaws in accordance with the BCBCA, while the CUSIP/ISIN numbers and stock symbol remain unchanged [2] Company Overview - Prismo Metals Inc. is a mining exploration company focused on advancing its Silver King, Ripsey, and Hot Breccia projects in Arizona, as well as the Palos Verdes silver project in Mexico [2]
Cascade Copper Announces Amendment To Private Placement Pricing
Thenewswire· 2025-12-09 01:00
Group 1 - Cascade Copper Corp. has amended the pricing of its non-brokered private placement, adjusting the issue price to $0.036 per unit from the previously announced $0.035, based on the CSE-calculated 20-day volume-weighted average price (VWAP) [2] - The offering remains subject to necessary regulatory approvals, including acceptance from the Canadian Securities Exchange, and all securities issued will be subject to a four-month hold period under applicable Canadian securities laws [3] Group 2 - Cascade Copper is focused on the evaluation, acquisition, and exploration of copper-based mineral resource properties, with a particular emphasis on copper and gold deposits in British Columbia and Ontario [4] - The company plans to conduct drilling on several of its copper projects this year, which include five projects: Copper Plateau Copper-Moly Project, Centrefire Copper Project, Rogers Creek Copper-Gold Project, Fire Mountain Copper-Gold Project, and Bendor Gold Project [4]