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GALIANO GOLD ANNOUNCES POSITIVE INITIAL DEEP DRILLING RESULTS AT ABORE INCLUDING 36m @ 2.5 g/t Au
Prnewswire· 2025-07-14 11:56
Core Insights - The Abore deep drilling program confirmed the continuity of mineralization 200m below the current Mineral Reserve, indicating potential for future resource expansion [1][2] - The program's results suggest that the mineralizing system remains open in all directions and carries sufficient grades and widths to support bulk underground mining development [1][2] Drilling Results - The completed deep drilling program consisted of four holes totaling 1,907m, successfully intersecting mineralized granite in all holes [1][2] - Notable intercepts include: - Hole ABDD25-350: 36.2m @ 2.5 g/t Au, including 22m @ 3.8 g/t Au [6][7] - Hole ABPC25-356: 16.1m @ 3.1 g/t Au [8] - The results build on previous drilling successes and confirm the presence of controlling structures and host lithologies below previously drilled areas [2] Infill Drilling Program - Following positive results from a Phase 1 drilling program, a Phase 2 infill drilling program has commenced to further test mineralization extensions below the boundaries of Abore's Mineral Reserve and Resource [3] Mineral Resource Estimates - Abore has current Measured and Indicated Mineral Resources of 638,000 ounces at 1.24 g/t Au and Inferred Mineral Resources of 78,000 ounces at 1.17 g/t Au, as of December 31, 2024 [4] Geological Context - The Abore deposit is located along the Esaase shear corridor and is characterized by a sedimentary sequence intruded by granite, with mineralization primarily constrained to the granite [5]
马里政府没收巴里克矿业价值1.17亿美元黄金
news flash· 2025-07-10 20:40
Core Viewpoint - The Malian government has seized over $117 million worth of gold from Barrick Gold, escalating ongoing disputes between the government and the company [1] Group 1: Incident Details - Barrick Gold reported that a helicopter from the Malian government unexpectedly landed at its gold mine and confiscated over one ton of gold [1] - The value of the seized gold is approximately $117.2 million, calculated at a gold price of $3,324 per ounce [1] - Earlier in January, the Malian government also confiscated 3 tons of gold from Barrick Gold [1] Group 2: Background Context - The disputes between the Malian government and Barrick Gold began in 2023, when the cash-strapped military government demanded foreign investors to pay alleged back taxes and comply with a new mining law [1] - The new mining law grants the Malian government higher royalties and greater equity stakes in joint ventures [1] - Earlier this year, Barrick Gold had to close its Loulo-Gounkoto large gold mine after the Malian authorities blocked gold bar exports and detained senior employees [1]
X @Bloomberg
Bloomberg· 2025-07-10 20:08
Malian government helicopters landed unexpectedly at Barrick’s gold mine and seized more than a tonne of the precious metal, valued at around $117 million https://t.co/JDQJ01aZh1 ...
Barrick Mining: Still Upside For Gold
Seeking Alpha· 2025-07-09 13:08
Company Overview - Barrick Mining Corporation is a global leader in the exploration, mining, production, and sale of gold and copper, with a diverse portfolio of assets across four continents [1]. Investment Focus - The company emphasizes fundamental analysis and disciplined market research, targeting small-cap companies with strong fundamentals and growth potential, large-cap companies experiencing temporary setbacks, and stable companies with solid dividend yields and growth potential [1].
Sonoro Gold PROVIDES AN UPDATE ON THE ENVIRONMENTAL PERMIT (mia) FOR THE CERRO CALICHE GOLD PROJECT
GlobeNewswire News Room· 2025-07-09 12:00
Core Points - Sonoro Gold Corp. has submitted a revised Environmental Impact Statement (MIA) for its Cerro Caliche gold project in Sonora, Mexico, to optimize the project's footprint and enhance social and environmental stewardship [1][2] - The revised MIA reflects the company's commitment to meet high social and environmental standards while bringing the Cerro Caliche project into production [2][3] - The company holds 100% of the concession rights and surface rights for the Cerro Caliche project, which is essential for mining construction and operational activities in Mexico [4] Project Details - The Cerro Caliche project covers a 1,400-hectare property with a broadly mineralized low-sulphidation epithermal vein structure and over 25 gold mineralized zones identified [5] - An updated Mineral Resource Estimate (MRE) was filed in March 2023 based on 55,360 meters of drilled data, including 498 drill holes and 17 trenches [5] - A new Preliminary Economic Assessment (PEA) filed in October 2023 indicates a potential 9-year open pit, heap leach mining operation with an after-tax net present value (NPV5) of US $47.7 million at a gold price of US $1,800 per ounce, and US $77 million at US $2,000 per ounce, with internal rates of return (IRR) of 45% and 63% respectively [6][7] Management Commentary - Kenneth MacLeod, President and CEO of Sonoro, emphasized the extensive technical and environmental studies involved in the MIA permitting process, highlighting the company's commitment to the local community and compliance with Mexico's environmental requirements [3]
GALIANO GOLD PROVIDES NOTICE OF SECOND QUARTER 2025 RESULTS
Prnewswire· 2025-07-08 12:30
VANCOUVER, BC, July 8, 2025 /PRNewswire/ - Galiano Gold Inc. ("Galiano" or the "Company") (TSX: GAU) (NYSE American: GAU) is pleased to announce it will release its second quarter ("Q2") 2025 financial and operational results after market close on August 13, 2025. The Company will host a conference call and webcast to review and discuss the Q2 results on August 14, 2025, at 7:30am PT. Conference Call Details Replay (available until August 21, 2025) Date: August 14, 2025 Local: 289-819-1450 Time: ...
LUCA DRILLS 15 METRES OF 5.4 g/t GOLD AND 8.4% ZINC AT CAMPO MORADO
Prnewswire· 2025-07-07 12:00
Core Insights - Luca Mining Corp. has announced positive analytical results from its ongoing exploration drill program at the Campo Morado Polymetallic VMS mine in Guerrero State, Mexico, marking the first substantive exploration since 2014 [1][2][14] Exploration Program - The current exploration program includes a total of 5,000 meters of underground drilling and 2,500 meters of surface drilling, aimed at expanding and defining mineral resources at the Reforma and El Rey deposits [1][15] - The surface drillhole CM-RF-25-001 intersected 15.05 meters of 11.9 AuEq, confirming the size and grade of precious and base metals at the Reforma deposit [3][6] - Underground drillholes CMUG-25-014 to CMUG-25-016 have also returned significant mineralized intervals, with CMUG-25-015 showing 10.96 meters grading 7.57 g/t AuEq [4][6] Mineralization and Resource Potential - Campo Morado hosts several polymetallic massive sulphide deposits containing gold, silver, copper, zinc, and lead, within a land package of over 121 square kilometers [2][21] - The exploration efforts are expected to inform an updated mineral resource estimate and potentially add new mineable bodies to the near and medium-term mine plan [6][15] - Historical exploration has identified 38 priority targets, with Reforma and El Rey being of particular interest due to their gold-silver enriched content [12][13] Market Context - The exploration is taking place during a period of record gold prices, providing a favorable environment for targeting gold-rich deposits [5][13] - The company aims to leverage the increased metal prices to enhance the value of its asset base, particularly focusing on the gold-rich deposits that were previously overlooked [5][13] Company Overview - Luca Mining Corp. operates two wholly owned mines in Mexico, producing gold, copper, zinc, silver, and lead, with significant development and resource upside [20][21] - The Campo Morado mine is an underground operation that has considerable exploration potential, while the Tahuehueto mine focuses on epithermal gold and silver vein-style mineralization [20][22]
NEW GOLD PROVIDES NOTICE OF RELEASE OF SECOND QUARTER 2025 RESULTS AND CONFERENCE CALL
Prnewswire· 2025-07-07 10:30
Core Insights - New Gold Inc. will release its second quarter 2025 operational and financial results on July 28, 2025, before market open [1] - The company will host a conference call and webcast on the same day at 8:30 am Eastern Time [1] Company Overview - New Gold is a Canadian-focused intermediate mining company with two core producing assets: the New Afton copper-gold mine and the Rainy River gold mine [3] - The company's vision is to be the most valued intermediate gold and copper producer through profitable and responsible mining for shareholders and stakeholders [3] Conference Call Details - Participants can listen to the webcast by registering on the company's website or via a provided link [4] - The conference call can be accessed by calling a toll-free number in North America or an international number, with a passcode required [4] - A recorded playback of the conference call will be available until August 28, 2025, along with an archived webcast on the company's website [4]
GoldMining Options Up to 80% of the Boa Vista Project to Australian Mines Limited for Total Consideration of Up to $7 million
Prnewswire· 2025-07-02 00:08
Core Viewpoint - GoldMining Inc. has entered into a binding Earn-In Agreement with Australian Mines Limited, allowing AUZ to acquire up to an 80% interest in the Boa Vista Project in Brazil for up to $7 million in cash and equity payments, while GoldMining retains a 20% interest if the option is fully exercised [1][2][5]. Group 1: Earn-In Agreement Details - AUZ can earn a 51% interest in the Boa Vista Project within three years by meeting specific conditions [3]. - A further 19% interest can be earned, bringing AUZ's total to 70%, within three years after completing the first option [3]. - AUZ has an additional option to earn a further 10% interest (totaling 80%) within 90 days after the second option is completed [3][4]. Group 2: Financial Considerations - The initial consideration includes a non-refundable cash payment of $55,000 and the issuance of AUZ Shares valued at AUD$1 million (approximately $884,000) [4]. - AUZ must incur minimum exploration expenditures of AUD$4.5 million (approximately $3,978,000), including completing at least 6,000 meters of diamond core drilling and making three annual cash payments of $250,000 [4]. - A JORC-compliant mineral resource estimate of at least 500,000 gold ounces must be announced, with at least 250,000 ounces in the measured and indicated categories [4]. Group 3: Project Overview - The Boa Vista Project is located in the Tapajós Gold District, covering approximately 9,201 hectares (92 km²) [6]. - GoldMining currently holds an 84.05% interest in the project, with Majestic D&M Holdings, LLC owning the remaining 15.95% [6]. - The project area is characterized by granites, granodiorites, and mafic volcanics, with mineralization considered to be mesothermal in nature [7][8]. Group 4: Company Background - GoldMining Inc. is focused on acquiring and developing gold assets in the Americas, controlling a diversified portfolio of resource-stage gold and gold-copper projects across several countries [10]. - The company also holds shares in Gold Royalty Corp., U.S. GoldMining Inc., and NevGold Corp., enhancing its investment portfolio [10].
RUA GOLD Closes C$13.8 Million Brokered Offering Including the Full Exercise of Over-Allotment Option
Newsfile· 2025-06-26 12:45
Core Viewpoint - Rua Gold Inc. has successfully closed a brokered public offering and private placement, raising C$13.8 million to fund exploration projects in New Zealand and general corporate purposes [2][3][4]. Financing Details - The offering consisted of 19,714,450 common shares priced at C$0.70 each, including the full exercise of the over-allotment option, resulting in aggregate gross proceeds of C$13,800,115 [2][6]. - The company paid approximately C$446,651 in cash fees to agents and issued 638,073 broker warrants, each exercisable at C$0.70 for 24 months [5][6]. Use of Proceeds - Net proceeds from the offering will be allocated to continuing exploration programs on New Zealand properties and for general working capital [3][4]. Strategic Plans - The CEO stated that the company is now fully funded to execute exploration plans over the next 12 to 18 months, focusing on the Reefton and Glamorgan projects [4][6]. - An aggressive drill campaign is planned for the Reefton Project, with drilling at the Glamorgan Project set to commence in Q4 2025 [4][6]. Insider Participation - Insiders subscribed for a total of 1,529,800 common shares, which is considered a related party transaction under applicable regulations [9]. Additional Grants - The company granted 2,250,000 stock options to directors and consultants, with an exercise price of C$0.66 and a three-year vesting period [11]. - An aggregate of 200,000 deferred share units (DSUs) was also granted to certain directors, subject to a similar vesting schedule [12]. Company Overview - Rua Gold is focused on high-grade gold exploration in New Zealand, controlling significant land in the Reefton Gold District and the Glamorgan Project, which is adjacent to a major mining operation [14][15][16].