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Questcorp Mining Completes 25 Percent of Maiden Drilling Program at the La Union Gold & Silver Project in Mexico
Newsfile· 2025-08-19 07:15
Core Viewpoint - Questcorp Mining Inc. has completed 25% of its maiden drilling program at the La Union Gold & Silver Project in Mexico, indicating progress in exploration efforts aimed at identifying significant gold deposits [1][3]. Exploration Progress - The company is leveraging recent exploration work by Riverside Resources Inc. to enhance understanding of the geological structure and stratigraphy at La Union, focusing on a large potential gold discovery [3][4]. - The initial drilling program consists of 1,200 to 1,500 meters, with 300 meters already completed, targeting carbonate-hosted replacement deposits (CRD) [8][12]. Financial Commitment - Questcorp has committed an initial C$1,000,000 for the exploration program, part of a larger C$5,500,000 work commitment contingent on exploration results [5][16]. Drilling Targets - The drill program targets four main areas: Union Main Mine Area, North Union Mine Area, Cobre Mine Area, and Central Union Area, focusing on structural interpretations and mineralization potential [6][15]. - The program aims to evaluate the scale of alteration and indications of a mineralized system, with follow-up drilling planned based on initial results [6][11]. Geological Context - The La Union Project is characterized as a carbonate replacement deposit hosted by Neoproterozoic sedimentary rocks, with significant historical mining activity indicating potential for large-scale discoveries [12][10]. - Historical mining targeted upper oxide zones, suggesting that underlying sulfide zones are compelling drill targets for further exploration [11][12].
C3 Metals Obtains All Regulatory Approvals Required for Maiden Drill Program at Khaleesi Copper-Gold Project, Peru
Newsfile· 2025-08-18 11:00
Core Insights - C3 Metals Inc. has obtained all necessary regulatory approvals to commence its maiden exploration drilling at the Khaleesi copper-gold project in Peru, with an initial 6,000-meter diamond drill program expected to start in September 2025 [1][14]. Regulatory Approvals - The company has secured multiple regulatory approvals, including surface access and drilling agreements with the Cancahuani community, an environmental permit (Declaración de Impacto Ambiental), authorization to start exploration activities, and authorization for water use [2]. Project Overview - The Khaleesi project is located in the Andahuaylas-Yauri Porphyry-Skarn belt, a well-known copper-producing district, and encompasses over 31,000 hectares [1][15]. - The project is strategically positioned 8 km west of the Jasperoide Project, which has confirmed 13 skarn prospects along a 28 km iron-skarn belt [4]. Exploration Data - Recent geophysical surveys have identified significant magnetic, induced polarization, and magnetotelluric anomalies at Khaleesi, coinciding with high-grade copper-molybdenum and copper-zinc soil anomalies [5][10]. - Soil sampling has defined a 1,900 m by up to 650 m copper-molybdenum anomaly, with priority zones averaging 950 ppm and 650 ppm copper [11]. Next Steps - The company plans to conduct an initial 14-hole, 6,000-meter diamond drill program, which is ranked as the highest priority for drill testing based on the data collected to date [13][14].
Carolina Rush Announces Refiling of Maiden Mineral Resource Technical Report for Brewer Gold-Copper Project
Newsfile· 2025-08-09 00:00
Core Viewpoint - Carolina Rush Corporation has amended and refiled its Technical Report for the Brewer Gold-Copper Project following a review by the Ontario Securities Commission, addressing compliance with NI 43-101 standards [1][2]. Summary by Relevant Sections Technical Report Amendments - The amended Technical Report includes an updated in situ mineral resource statement with the following details: - Indicated resources: 6,167 thousand tonnes at an average grade of 0.97 g/t Au and 1,266 ppm Cu, totaling 192 thousand ounces of Au and 16,671 thousand pounds of Cu - Inferred resources: 8,828 thousand tonnes at an average grade of 0.74 g/t Au and 425 ppm Cu, totaling 210 thousand ounces of Au and 8,279 thousand pounds of Cu [2][5]. Compliance and Author Changes - The report now complies with the current CIM Estimation of Mineral Resource and Mineral Reserves Best Practice Guidelines (2019) and has removed Patrick Quigley as a co-author to ensure independence, with Patrick Hollenbeck assuming sole authorship [5][6]. Metallurgical and Resource Constraints - A responsible metallurgical recovery assumption based on historical test work was applied, and the mineral resource was constrained within a conceptual open-pit shell to demonstrate reasonable prospects for eventual economic extraction [5][6]. Backfill Mineral Resource Statement - The backfill mineral resource statement remains unchanged, with a total of 11,900 thousand tonnes at an average grade of 0.36 g/t Au and 345 ppm Cu, totaling 139 thousand ounces of Au and 9,050 thousand pounds of Cu [8][11]. Company Overview - Carolina Rush Corporation is focused on advancing the Brewer Gold-Copper Project in South Carolina, which is located near OceanaGold's Haile Gold Mine and has potential for both near-surface and deep mineralization [14].
Snow Lake Comments on Maiden High Grade Mineral Resource Estimate for the Maybell Uranium Project in Colorado
Newsfile· 2025-08-06 11:30
Core Viewpoint - Snow Lake Resources Ltd. has expressed satisfaction with the maiden high-grade mineral resource estimate announced by Global Uranium and Enrichment Limited for the Maybell uranium project in Colorado, where Snow Lake holds a 19.9% interest [1][3]. Company Highlights - The Maybell uranium project has a historical production of 5.3 million pounds of U3O8 over two mining periods, and the recent resource estimate follows a successful 31-hole drill program conducted in 2024 [7]. - Snow Lake is a cornerstone investor in GUE and is optimistic about the potential of assembling a significant portfolio of domestic American uranium resources, which may benefit from favorable policies on uranium production [4][5]. - The company is also involved in a 50/50 joint venture with GUE on the Pine Ridge Uranium Project in Wyoming, which is currently undergoing an aggressive drilling program of 125,000 feet [4]. Industry Context - The demand for domestic American uranium projects is expected to rise due to increasing electricity needs driven by the expansion of data centers and AI initiatives from major technology companies, alongside supportive policies from the government [7].
Questcorp Mining and Riverside Resources Announce Commencement of Maiden Drilling Program at the La Union Gold & Silver Project in Mexico
Newsfile· 2025-08-06 07:15
Core Viewpoint - Questcorp Mining Inc. has commenced its maiden drilling program at the La Union Gold & Silver Project in Mexico, marking a significant milestone in the project's development [2][5]. Exploration and Drilling Program - The drilling program aims to evaluate the scale of alteration and indications of a mineralized system across more than four different areas, with initial drilling focusing on stratigraphic and orientation purposes [6][7]. - The initial phase of the drill program will consist of one to three holes per area, totaling over 1,500 meters of diamond core drilling across six holes, each averaging 250 meters in depth [7][12]. - The program targets carbonate-hosted replacement deposit (CRD) styles of mineralization, with a focus on structural features that may have served as mineralizing conduits [7][12]. Historical Context and Project Background - The La Union Project has a history of exploration and production, having previously yielded 50,000 ounces of gold, but has never been drilled until now [5][10]. - The project is located in the western Sonora Gold Belt and has been advanced through surface access agreements and drill permitting, making it a turn-key exploration opportunity for Questcorp [8][9]. - Historical mining targeted upper oxide zones, while the underlying sulfide zones represent immediate drill targets for further exploration [10][12]. Financial Commitment and Strategic Partnerships - Questcorp has entered into a definitive option agreement with Riverside Resources, acquiring a 100% interest in the La Union Project, and has committed an initial C$1,000,000 for exploration, part of a larger C$5,500,000 work commitment [5][6]. - Riverside Resources has played a crucial role in advancing the project, consolidating mineral claims and conducting exploration work that has improved the understanding of the area's geology [4][9]. Geological Features and Mineralization Potential - The La Union Project features favorable limestone host rocks and extensive alteration footprints, with mineralization styles similar to those at the Hermosa Project in Arizona [11][12]. - The project is characterized by high-grade metal content, with highlight grades of 59.4 grams per metric tonne (g/t) gold and 833 g/t silver, indicating significant potential for large-scale discoveries [18].
Thor Explorations Announces Maiden Drill Results at the Guitry Project in Côte d'Ivoire
Newsfile· 2025-07-22 06:00
Core Viewpoint - Thor Explorations Ltd has announced initial drilling results from its Guitry Gold Project in Côte d'Ivoire, indicating promising gold mineralization and the potential for further resource development [1][4][5]. Drilling Program Overview - The company completed a 3,000 metre reverse circulation drilling program during May and June 2025, aimed at understanding the geometry and geological controls on gold mineralization [2][14]. - Initial assay results have been received, confirming the new interpretation of mineralized lodes and intersecting previously untested deeper bedrock mineralization [5][19]. Significant Assay Results - Notable drill results include: - Drillhole GURC25-208: 14m at 2.59 g/t Au from surface - Drillhole GURC25-214: 10m at 10.36 g/t Au from 57m - Drillhole GURC25-219: 3m at 14.50 g/t Au from 82m - Drillhole GURC25-228: 5m at 12.65 g/t Au from 69m [8][19][29]. Project Background - The Guitry Project was acquired from Endeavour Mining for US$100,000 and a 2% Net Smelter Royalty, covering 295 square kilometres in a region known for significant gold deposits [9][28]. - The project is located within the Tehini Greenstone Belt, which hosts large gold deposits in Burkina Faso [9]. Future Exploration Plans - Further exploration at the Krakouadiokro Prospect will include infill and step-out drilling, as well as drilling on numerous geochemical anomalies at both the Krakouadiokro and Gbaloukro Prospects [3][26]. - The company plans to continue drilling after the rainy season and initiate a maiden drilling program on the Marahui Project [6][26].
Bayridge Resources Announces Commencement of Its Maiden Drill Program at the Constellation Project
Newsfile· 2025-07-21 10:00
Core Viewpoint - Bayridge Resources Corp. has announced the commencement of its maiden drill program at the Constellation uranium project, which is fully funded from the existing treasury, indicating a strong commitment to advancing exploration efforts [2][4]. Group 1: Drill Program Details - The drill program will focus on two conductor targets identified from the 2024 VTEM survey: the 5 km Brule Lake conductor (Area B) and the 2.5 km North conductor (Area A) [6]. - The program is budgeted for a minimum of 1,000 meters, with drill holes ranging from 300 to 350 meters in length [6]. Group 2: Prospecting and Mapping Results - In Area A (North Corridor), multiple samples showed elevated uranium concentrations, with a maximum value of 52.5 ppm, correlating with mapped structural trends [7]. - Area B (Brule Lake Conductor) reported the highest uranium concentration from the prospecting program at 488 ppm, with host rocks primarily consisting of psammitic to pelitic gneisses [8]. Group 3: Geological Context - The Constellation property has favorable geology for basement-hosted unconformity-style uranium deposits, with structural lineaments trending NNW and ESE that may act as pathways for hydrothermal activity [13]. - Historical NE-trending conductors on the property remain under-explored and un-drilled, presenting potential targets for future exploration [13]. Group 4: Company Background - Bayridge Resources Corp. is focused on advancing its portfolio of Canadian uranium and lithium projects, including the 1,337 ha Waterbury East project and the 11,142 ha Constellation project [17][18].
Emperor Metals Announces Maiden Mineral Resource Estimate for the Duquesne West Project, Quebec
Newsfile· 2025-07-09 09:30
Core Viewpoint - Emperor Metals Inc. has announced its initial Mineral Resource Estimate for the Duquesne West Gold Project, indicating a significant increase in gold resources compared to historical estimates [1][3]. Group 1: Mineral Resource Estimate Highlights - The 2025 Duquesne West MRE includes an Inferred Mineral Resource of 26.9 million tonnes (Mt), containing 1.460 million ounces (Moz) of gold at an average grade of 1.69 grams per metric ton (g/t) [2][4]. - The current estimate represents an increase of over 104% from the historical resource, which was 727,000 ounces at a grade of 5.42 g/t [3][4]. - Approximately 44% of the total inferred gold resource is amenable to open-pit extraction, while 56% is potentially mineable via underground methods [6]. Group 2: Exploration and Future Plans - The company plans to conduct a summer drill program of approximately 8,000 to 10,000 meters starting in August to further expand the resource [6]. - The focus for 2025 is to surpass the inferred two-million-ounce mark through systematic exploration [4]. Group 3: Technical Details - The effective date of the 2025 Duquesne West MRE is July 2, 2024, and it was prepared by APEX Geoscience Ltd. [7]. - The MRE includes 292 drillholes with a total of 8,229.31 meters of drilling within the estimation domains [16]. - Gold grades were estimated using Ordinary Kriging with locally varying anisotropy to ensure grade continuity [18]. Group 4: Economic Assumptions - Economic assumptions for the MRE include a gold price of USD $2,300 per ounce, a processing cost of CA$12.5 per tonne, and a general and administrative cost of CA$3.0 per tonne [10].
Rocket Lab Stock Soars Higher as Neutron's Maiden Flight Nears
ZACKS· 2025-07-04 16:20
Core Insights - Rocket Lab Corp. (RKLB) is nearing a significant milestone with its Neutron rocket set for its first flight in the second half of 2025, aiming to enter the medium-lift payload market and compete with heavy-lift providers like SpaceX [1][11] Company Developments - The Neutron rocket is a medium-class, reusable vehicle with a payload capacity of approximately 15,000 kg, designed to provide flexible and cost-effective access to space for various customers, including satellite constellations and government missions [2] - In May 2025, Rocket Lab announced a launch for the U.S. Air Force Research Laboratory, marking a new era in commercial launch capabilities for defense logistics [3] - The company is modifying an ocean landing platform for Neutron missions, which includes autonomous ground support equipment and blast shielding for safe landings [4] Market Performance - Recent announcements regarding the Neutron program have increased investor confidence, reflected in Rocket Lab's share price, which has increased by 40% year-to-date and 103.6% over the past three months [5][11] - The space launch services market is experiencing growth due to rising demand for satellite constellations and government investments, making it a favorable environment for Rocket Lab and other industry players [6] Competitive Landscape - Other notable companies in the space launch market include Boeing and Lockheed Martin, both of which have established positions and significant contributions to space missions [7][8][9] Financial Metrics - Rocket Lab's shares have outperformed the industry, gaining 630.8% over the past year compared to the industry's 50.9% growth [10] - The company currently trades at a forward Price/Sales ratio of 22.49X, significantly higher than the industry's average of 10.06X [12] Earnings Estimates - The Zacks Consensus Estimates for Rocket Lab's losses in 2025 and 2026 have improved over the past 60 days, indicating a positive trend in earnings expectations [13][14]
Prospector Begins Maiden Drill Program on ML Project, Yukon
Newsfile· 2025-06-23 11:30
Core Viewpoint - Prospector Metals Corp. has initiated a fully funded drilling program at its ML Project in the Yukon, aiming to explore high-priority target areas identified in previous exploration efforts [1][2]. 2025 Drill Program - The 2025 ML Drill Program will involve up to 5,000 meters of diamond drilling across 15 to 20 holes targeting six areas: Bueno, Skarn Ridge, Rubble, Fishbowl, Java, and North Vein [2][3]. - The drilling is focused on high-grade, structurally controlled gold mineralization, with initial drilling starting at the Bueno target, where rock samples have shown values up to 156 g/t Au [2][3]. Target Areas - The six target areas for the drilling program include: - Bueno - Skarn Ridge - Rubble Cirque - North Vein - Java - Fishbowl [2][3]. Geological Insights - The drilling targets are based on a reinterpretation of geological data from the 2024 exploration program and historical data, focusing on intrusive units and adjacent altered meta-sediments [2]. - The Bueno target specifically is characterized by NE steeply dipping structures associated with strong fracturing, quartz veining, and mineralization including arsenopyrite and chalcopyrite [2]. Company Overview - Prospector Metals Corp. is part of the Discovery Group and focuses on early-stage exploration of gold and base metal prospects, primarily in Yukon and Ontario, Canada [6]. - The company aims to create shareholder value through new discoveries in underexplored mineral districts [6]. Qualified Person - The technical content of the press release has been reviewed and approved by Jodie Gibson, P.Geo., Vice President Exploration of Prospector, ensuring compliance with National Instrument 43-101 [5].