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Peloton Commences the Maiden Drilling Program at the North Elko Lithium Project, Nevada
Thenewswire· 2025-11-18 13:30
Core Viewpoint - Peloton Minerals Corporation has initiated its maiden drilling program at the North Elko Lithium Project in northeastern Nevada, targeting lithium-bearing claystone layers and other critical minerals [1][2]. Group 1: Drilling Program Details - The drilling program will consist of four widely spaced holes, each reaching a depth of approximately 500 feet, to assess the orientation, stratigraphy, and potential mineralization within the clay layers [3]. - The drill holes will be spaced about 7 kilometers (4.3 miles) apart on the NE-SW axis and about 3.5 kilometers (2 miles) apart on the NW-SE axis, with drilling expected to take around three weeks and assays to follow in about six weeks [3]. Group 2: Project Background and Exploration Work - The North Elko Lithium Project spans approximately 37 square kilometers (14.25 square miles) and is fully owned by the company, with no outstanding royalties [5]. - Prior exploration activities included an airborne hyperspectral survey, airborne magnetics, radiometric and VLF-EM surveys, geological mapping, soil geochemistry over a 32 square kilometer grid, prospecting, and XRD analysis on over 1,000 surface samples [5]. Group 3: Regulatory and Operational Aspects - The company holds two drilling permits for the property and has 24 drill pad locations permitted for future programs, all strategically located beside existing roads to minimize environmental impact [4]. - The project is located adjacent to a high-grade lithium deposit discovered in 2023 by Surge Battery Metals, indicating potential for significant mineral resources in the area [5].
Neotech Metals Corp. Confirms Multiple Mineralized Intervals During Maiden Drilling Program at TREO Project in BC and Announces New Board Members from the AGM
Newsfile· 2025-11-18 09:00
Core Insights - Neotech Metals Corp. has confirmed multiple mineralized intervals during its maiden drilling program at the TREO Project in British Columbia, with preliminary geochemical assay results indicating visible rare earth mineralization [1][5][6] - The company has appointed two new board members, Mr. Justin Daley and Mr. Cameron McDonald, to enhance its leadership team [1][2][3] Drilling Program Details - The 2025 drilling program included four drill holes totaling 991 meters, designed to test for Total Rare Earth Oxide (TREO) intervals within the carbonatite complex at Wicheeda Lake [5][6][7] - All four drill holes intersected mixed carbonatites and dolomites, with visible rare earth mineralization observed [6][7] - Specific intervals of interest from the drilling program include various thicknesses and TREO percentages across different holes, with notable results such as 3.39% TREO over 2 meters in hole TR25-003 [7] New Board Members - Mr. Justin Daley, a professional geologist with over 15 years of experience, has been appointed to the board, bringing expertise in capital deployment and discovery-driven value creation [2] - Mr. Cameron McDonald, with over 20 years of capital market experience, has also joined the board, contributing his background in M&A and financing management [3] Stock Options - The company will grant stock options to the new directors, with each receiving 250,000 options priced at $0.35 for a three-year term with immediate vesting [4] Ongoing Exploration Efforts - Neotech Metals is actively drilling at its Hecla-Kilmer project, with over 6,000 meters completed in 2025, focusing on defining mineralized zones for a maiden resource estimate [14]
Galiano Gold Advances Towards a Maiden Underground Resource at Abore with Additional High-Grade Results Encountered Including 4.7 g/t Au over 28m and 3.5 g/t Au over 17m
Newsfile· 2025-11-17 12:30
Core Viewpoint - Galiano Gold Inc. is advancing towards establishing a maiden underground mineral resource at the Abore deposit, with recent drilling results indicating significant high-grade intercepts, including 4.7 g/t Au over 28m and 3.5 g/t Au over 17m, which will be included in the upcoming resource estimate expected in February 2026 [1][6]. Drilling Program Update - The ongoing drilling program at Abore, part of the Asanko Gold Mine in Ghana, has confirmed multiple high-grade intercepts, leading to an expansion of the drilling program by an additional 11,000 meters [1][14]. - The current drilling campaign began in Q2 2025 and is set to continue through the end of Q4 2025 and into 2026 [7]. High-Grade Intercepts - Significant drill results include: - 4.7 g/t Au over 28m from 339m depth (Hole ABDD25-414) - 3.5 g/t Au over 17m from 364m depth (Hole ABPC25-406) - 3.6 g/t Au over 20m from 178m depth (Hole ABDD25-425) [5][9]. - The drilling has confirmed excellent continuity of high-grade mineralization within the north plunging ore shoots below both the South and Main pits, spanning approximately 800m in strike length [9][12]. Resource Expansion Strategy - The company aims to increase the density of drilling to convert inferred resources to indicated resources and to test for further extensions of mineralization along strike and plunge below the existing mineral resource [15]. - A budget of $3.1 million has been approved for the additional drilling, with a focus on defining a maiden underground mineral resource [14][15]. 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 [16][15]. - The geology supports the potential for underground mining, with high-grade mineralization associated with quartz vein areas along the granite/sediment contact [16]. Future Outlook - The company plans to deliver an updated mineral resource and mineral reserve statement by February 2026, incorporating new exploration data collected before the cut-off date of January 5, 2026 [15][14]. - The results from the current drilling program are expected to redefine the long-term future of the Asanko Gold Mine [6].
Tocvan Announces Maiden Drill Program Underway at North Block Gran Pilar Gold-Silver Project
Accessnewswire· 2025-11-11 07:05
Group 1 - The company has initiated its maiden drill program targeting a 3.2 km by 1.5 km zone with strong mineralization indicators [1] - Site preparations are complete, including road access and drill pads, with an initial 2,000 meters of drilling currently in progress and an additional 3,000 meters proposed [1] - Promising surface results have been reported, including high-grade samples from the North Alteration Zone, such as 5.6 g/t Au and 106 g/t Ag over 2 meters, along with historic workings yielding 3.2 g/t Au and 1,225 g/t Ag [1]
Lancaster Resources Completes Maiden NI 43-101 Technical Report at Lake Cargelligo Gold Project, Australia - Milestone Achieved As Gold Hits $4,300 per ounce
Globenewswire· 2025-10-17 12:00
Core Insights - Lancaster Resources Inc. has completed and filed its maiden National Instrument 43-101 Technical Report for the Lake Cargelligo Gold Project in New South Wales, Australia, coinciding with a surge in gold prices to an all-time high of US$4,300 per ounce, indicating strong global demand for exploration assets in stable jurisdictions [1][2][3]. Company Overview - Lancaster Resources Inc. is a Canadian exploration company focused on advancing a portfolio of critical mineral and gold projects in established mining jurisdictions, holding a 100% interest in the Lake Cargelligo Gold Project, which spans over 62,300 hectares [8][10]. Technical Report Highlights - The independent NI 43-101 Technical Report, prepared by Geos Mining, emphasizes the strong geological potential of the Lake Cargelligo Gold Project and outlines a clear roadmap for future exploration [5][6]. - Historical drilling results indicate significant exploration potential, with channel intercepts reported up to 16 meters at 5.83 grams per tonne (g/t) gold and 7.20 g/t silver, and rock sampling showing up to 204 g/t gold and 273 g/t silver [9]. - The report identifies multiple mineralization opportunities, including large-scale shear-hosted gold mineralization and orogenic-style gold hosted by quartz veins [9]. Exploration Strategy - The company plans to advance its exploration program, which includes recommendations for a Phase I exploration program involving geophysics, geochemistry, and initial drilling [9].
CEO.CA's Inside the Boardroom: Mustang Energy Launches Maiden Drill Program at Surprise Creek in Athabasca Basin
Newsfile· 2025-10-09 12:30
Core Insights - Mustang Energy Corp. has launched its maiden drill program at Surprise Creek in the Athabasca Basin, a significant step in its exploration efforts [1][3]. Company Overview - Mustang Energy Corp. is listed on multiple exchanges including CSE, OTCQB, and FSE, indicating its presence in various markets [4]. - The company is focused on uranium exploration, which is gaining attention due to the increasing demand for nuclear energy [3]. Industry Context - The Athabasca Basin is known for its rich uranium deposits, making it a strategic location for mining companies [1][3]. - The mining landscape is evolving, with companies like Mustang Energy aiming to capitalize on the growing interest in uranium stocks and nuclear energy [3].
G50 Reports High-Grade Intercepts of 3.5% (35,000 ppm) Antimony from its Maiden Drilling Program at White Caps in Nevada
Prnewswire· 2025-09-24 12:16
Core Insights - G50 Corp. Limited has reported promising results from its maiden RC drilling program at the White Caps project in Nevada, confirming gold continuity and high-grade antimony values [1][2][3] Drilling Program Details - The drilling program consisted of 12 RC holes totaling 1,385 meters, with one hole (WCRC25-007) returning a peak antimony value of 3.5% (35,000 ppm) at a depth of 77.7-79.2 meters [2] - Significant shallow gold mineralization was found in three of the four areas drilled, with high-grade gold intercepts ranging from 1-12 g/t Au and broader low-grade zones of 0.1-0.3 g/t Au [4] Geological Model Validation - The initial drilling results validate the geological model for White Caps, which was developed using historical data from Freeport and modern exploration techniques [3][5] - The project area covers approximately 2,501 acres, including 28 patented and 74 unpatented claims, and is located near Kinross Gold's Round Mountain Mine, indicating strong geological potential [5] Historical Context - The White Caps Mine historically produced over 125,000 ounces of gold at an average grade of approximately 30 g/t Au from 1905 to 1964, with renewed exploration activity in the 1980s [6] - The proximity to Scorpio Gold Corp's Manhattan Mine suggests potential shared mineralization systems, enhancing the prospectivity of the White Caps project [6] Company Overview - G50 Corp is focused on exploration in the southwestern U.S., with its flagship Golconda Project in Arizona, which includes gold, silver, zinc, and gallium [7]
Questcorp Mining Provides Update on Its Maiden Drill Program at La Union
Newsfile· 2025-09-10 07:15
Core Insights - Questcorp Mining Inc. has provided an update on its Phase I drilling program at the La Union Gold and Silver project in northwest Sonora, Mexico, indicating positive exploration results so far [1][2] Group 1: Drilling Program Update - The drilling program has completed holes in two of the four target areas, with the initial hole intersecting favorable formations beneath the historic Union Mine [1][7] - Drilling has shifted focus to the Famosa Target, with the Mexico Mining Ministry approving several permits to support environmentally and socially conscious mineral exploration practices [2][7] Group 2: Geological Findings - The drilling has revealed more quartzite than expected, which is favorable for fracture-controlled mineralization, and the presence of hematitic oxides may indicate potential oxide gold mineralization [2][7] - The initial hole intersected the carbonaceous Clemente and Caborca formations, which previously hosted mineralization at the Union Mine [7] Group 3: Company Overview - Questcorp Mining is focused on acquiring and exploring mineral properties in North America, with interests in the North Island copper property and the La Union project, totaling 1,168.09 hectares and 2,520.2 hectares respectively [4]
GoldHaven Announces Maiden Diamond Drill Program Over High-Priority Gold Targets at Copeçal Project in Brazil
Globenewswire· 2025-09-09 13:00
Core Viewpoint - GoldHaven Resources Corp. is set to initiate a maiden 1,200 m diamond drilling program at its Copeçal Gold Project in Mato Grosso, Brazil, targeting two high-priority gold targets identified through recent exploration activities [1][21]. Group 1: Copeçal Gold Project Overview - The Copeçal Gold Project is located within the Alta Floresta Gold Province, a historically productive area known for significant gold discoveries since the late 1970s [24]. - GoldHaven's tenements cover a total of 3,681 hectares in a geologically favorable setting within the Juruena Gold Province of Brazil [24]. - The Juruena Gold Province is recognized for its potential for mesothermal shear-related and intrusion-related gold deposits, as well as porphyry-style and epithermal-style deposits [25]. Group 2: Drilling Program Details - The diamond drilling program will consist of 8-10 angled holes with a maximum depth of 150 m, targeting unweathered bedrock at depths of 80-120 m [7][12]. - Drilling is scheduled to commence on or before October 1, 2025, and is expected to be completed by the end of November 2025 [20]. Group 3: Target Identification - Two high-priority drill targets, East and West, have been identified based on strong gold anomalies from recent auger sampling and geophysical surveys [3][21]. - The East Target features a high resistivity anomaly (> 1800 ohm*m) coinciding with significant gold geochemical anomalies (> 100 ppb Au) [6][14]. - The West Target is characterized by highly conductive VLF-EM responses (< 500 ohm*m) and coincident gold anomalies (> 50 ppb Au) [9][18]. Group 4: Historical Exploration and Data - Previous exploration by AngloGold Ashanti from 2010 to 2016 included systematic auger and air-core drilling, geophysical surveys, and rock geochemistry, identifying multiple zones of anomalous gold mineralization [26][27]. - Historical data and recent auger drilling have shown consistent gold values over wide zones, indicating the potential for substantial mineralization [27].
Emperor Metals Announces Filing of Technical Report in Support of Maiden Mineral Resource Estimate for the Duquesne West Gold Project, Quebec
Newsfile· 2025-08-27 09:30
Core Viewpoint - Emperor Metals Inc. has filed a technical report supporting its initial Mineral Resource Estimate for the Duquesne West Gold Project, highlighting significant growth potential and robust resource values [2][4]. Company Overview - Emperor Metals Inc. is focused on high-grade gold exploration and development in Quebec's Southern Abitibi Greenstone Belt, utilizing AI-driven exploration techniques [12]. - The company aims to unlock substantial resource potential at the Duquesne West Gold Project and the Lac Pelletier Project [12]. Mineral Resource Estimate - The 2025 Duquesne West Mineral Resource Estimate comprises an Inferred Mineral Resource of 26.9 million tonnes (Mt), containing 1.460 million ounces (Moz) of gold (Au) at an average grade of 1.69 grams per tonne (g/t) [3][8]. - The report includes a sensitivity analysis showing robust values in both grade and size at various cutoff grades, indicating strong potential for resource expansion [4][9]. Technical Report Details - The technical report, titled "NI 43-101 Technical Report and Maiden Mineral Resource Estimate, Duquesne West Property, Quebec, Canada," was prepared by qualified professionals from APEX Geoscience and is dated August 21, 2025, with an effective date of July 2, 2025 [2][9]. - The report is available for public access under the company's profile on SEDAR+ [2]. Economic Assumptions - Economic assumptions for the resource estimate include a gold price of US$2,300 per ounce, a foreign exchange rate of 0.75 US$:CA$, and processing costs of CA$12.5 per tonne [9].