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LaFleur Minerals Advancing Restart of Beacon Gold Mill and Bulk Sample for Swanson Gold Project
Newsfile· 2025-06-23 12:30
Core Viewpoint - LaFleur Minerals is progressing towards restarting the Beacon Gold Mill and conducting a Preliminary Economic Assessment (PEA) for the Swanson Gold Project, aiming for production by early 2026 [1][5][7]. Group 1: Beacon Gold Mill Restart - The Beacon Gold Mill, a fully permitted facility with a capacity of 750 tonnes per day, underwent over C$20 million in repairs and refurbishments prior to acquisition in Fall 2024 [5][7]. - A comprehensive mill restart plan includes approximately C$3.8 million for equipment and maintenance improvements, and C$1.8 million for tailings storage facility repairs [5]. - The mill has no outstanding royalties or encumbrances, enhancing its financial viability [5]. Group 2: Swanson Gold Project - The Swanson Gold Project covers 166 km² and contains an Indicated Mineral Resource of 2,113,000 tonnes at an average grade of 1.8 g/t gold, equating to 123,400 ounces of contained gold [3]. - An Inferred Mineral Resource Estimate of 872,000 tonnes at an average grade of 2.3 g/t gold is also present, amounting to 64,500 ounces of contained gold [3]. - The company plans to conduct a minimum 5,000-metre diamond drilling program at Swanson, focusing on four primary target areas [1][10]. Group 3: Market Context and Financial Strategy - Current gold prices are around USD$3,300 per ounce, prompting the company to capitalize on this market rally [5][7]. - The company is in discussions with various groups to finance the restart of the Beacon Gold Mill using mineralized material from the Swanson Gold Deposit [8][10]. - A bulk sample of up to 100,000 tonnes from the Swanson Gold Deposit is being planned for testing at the Beacon Mill [10]. Group 4: Future Plans and Investor Engagement - The company is organizing a site visit for prospective investors and analysts in July 2025 to showcase the Beacon Gold Mill and Swanson Gold Project [8]. - The CEO emphasized the strategic importance of the current year for restarting production and increasing mineral resources at Swanson [7].
Ridgeline Minerals Commences Drill Program at the Selena CRD Project, Nevada
Newsfile· 2025-06-23 12:00
Core Insights - Ridgeline Minerals Corp. has initiated its 2025 drill program at the Selena Carbonate Replacement project in Nevada, under a Phase 1 earn-in agreement with South32 Limited [1][11] - South32 has allocated a Year-2 exploration budget of $3,450,000 for drilling three deep core holes, totaling 4,500 meters, to target a significant Magnetotellurics anomaly at the Chinchilla Sulfide CRD target [2] Company Overview - Ridgeline Minerals is focused on precious and base metal exploration, with a portfolio of seven projects covering 200 square kilometers in Nevada [12] - The Selena project spans 39 square kilometers and is strategically located near the Butte Valley project, which has a $33 million earn-in agreement with Freeport-McMoRan [11] Project Details - The Selena project includes both shallow-oxide and deeper sulfide discoveries, indicating potential for high-grade CRD type mineralization [11] - The planned drilling will specifically target stratigraphic and structural horizons associated with the MT anomaly, which is interpreted as a key fluid conduit for the CRD system [2][6]
Canterra Minerals Intersects 60.7 Metres of 0.85% Copper Equivalent at the Buchans Project, Newfoundland
Newsfile· 2025-06-23 11:00
Core Insights - Canterra Minerals Corporation has reported promising drill results from its Buchans Project, indicating significant copper-rich mineralization outside the existing resource area, which is expected to enhance the Lundberg deposit [3][6][7] - The ongoing drill program consists of 10,000 metres, with 8,000 metres remaining for the summer and fall, suggesting potential for further discoveries [3][6] - The recent results reflect a strong copper market, with the existing resource based on a conservative copper price of US$3.00/lb, significantly lower than current market prices [3][15] Drill Results - Drillhole H-25-3538 intersected 60.7 metres grading 0.85% copper equivalent, starting from just 15.3 metres below the surface, marking one of the longest continuous mineralized intervals drilled to date [6][7] - The mineralization includes a notable 4.7 metres of 2.29% copper equivalent, indicating robust near-surface potential for open-pit development [6][7] - The results from drillhole H-25-3537 previously reported a 68-metre interval of 1.0% copper equivalent from surface, reinforcing the consistent pattern of high-grade mineralization near the surface [7] Project Overview - The Buchans Project spans 95 km² and is located in a historically significant mining district, near the past-producing Buchans Mine and the undeveloped Lundberg deposit [11][20] - The Lundberg deposit is characterized by near-surface stockwork sulphide mineralization, making it well-suited for open-pit development [11][20] - The project is positioned in a proven mining district, just 50 km north of Equinox Gold's Valentine Gold Mine and 34 km northwest of Teck's Duck Pond Mine [1][11]
Magna Mining Announces Funding Award from the Critical Minerals Innovation Fund (CMIF)
Newsfile· 2025-06-23 11:00
Core Viewpoint - Magna Mining Inc. has received a funding award of up to C$500,000 from the Ontario government to support metallurgical work aimed at enhancing precious metal recoveries at the Crean Hill project [1][2]. Group 1: Funding and Project Details - The funding will be utilized for metallurgical work related to improving precious metal recoveries from contact and footwall mineralization at the Crean Hill project, which is part of a surface bulk sample program conducted in 2024 [1]. - The Ontario government is actively supporting the development of critical mineral production in Sudbury, with this funding being part of a broader strategy to enhance mineral recoveries and create jobs [2]. Group 2: Company and Industry Context - Magna Mining is a producing mining company with a focus on copper, nickel, and PGM projects in the Sudbury Region of Ontario, Canada, including the McCreedy West copper mine and several past-producing mines [6]. - The company aims to restart multiple mining operations and increase copper and nickel production in Sudbury over the next 3 to 4 years, supported by initiatives like the Critical Minerals Innovation Fund and the new C$500 million Critical Minerals Processing Fund [2].
Antipa Minerals set to unlock gold-copper potential in WA's booming Paterson Province
Proactiveinvestors NA· 2025-06-19 07:01
Core Insights - The Paterson Province in Western Australia is emerging as a global exploration hotspot, attracting major players like Greatland Gold and Rio Tinto, with Antipa Minerals Ltd strategically positioned to capitalize on this trend [1][8]. Company Overview - Antipa Minerals holds over 4,100 square kilometers of exploration tenements and is advancing its flagship Minyari Dome Gold-Copper Development Project, located near significant deposits like Greatland's Telfer mine and Rio Tinto's Winu project [2][9]. - The Minyari Dome project hosts a resource of 2.9 million ounces of gold equivalent, including 2.4 million ounces of gold and 69,000 tonnes of copper, making it a cornerstone of Antipa's growth strategy [9][11]. Exploration and Development - Antipa is expanding its exploration beyond Minyari Dome, focusing on targets like Parklands and Jezabeel, which show large surface gold anomalies [4][20]. - The company is conducting a robust exploration program, including a Phase 1 drilling program with 57 reverse circulation holes and four diamond core holes, aimed at extending known mineralization [15][19]. Financial Position - Antipa has a strong financial position with a cash balance of $40 million and zero debt, allowing for accelerated exploration and development without external funding [23][26]. - The company's market capitalization stands at $437 million, supported by institutional backing from companies like Greatland Gold and IGO [26]. Leadership and Strategy - Antipa is led by an experienced team, including CEO Roger Mason, who has 37 years of experience in exploration and mining operations, providing the company with the necessary expertise to advance its projects [27][32]. - The company is committed to responsible and sustainable development, focusing on building relationships with local communities and stakeholders [31][32]. Future Outlook - Antipa's ongoing drilling campaigns and exploration programs are expected to generate significant news flow throughout 2025, with the potential for new gold and copper discoveries [33].
Green Battery Minerals Inc. Announces Change Of Name
Thenewswire· 2025-06-18 16:00
Company Name Change - The company has received TSX approval to change its name from "Green Battery Minerals Inc." to "First Canadian Graphite Inc." [1] - The common shares will commence trading under the new name and symbol FCI on June 20, 2025 [2]. Share Structure - There is no consolidation of the company's share capital associated with the name change, meaning shareholders do not need to exchange existing share certificates [3]. - The name change does not affect the company's share structure or the rights of shareholders, and no further action is required by existing shareholders [3].
Canadian Critical Minerals Announces Resignation of Director
Newsfile· 2025-06-17 23:31
Company Overview - Canadian Critical Minerals Inc. (CCMI) is a mining company focused on copper production assets in Canada [2] - The main asset of CCMI is the Bull River Mine project, which contains 150 million lbs of copper, located near Cranbrook, British Columbia [2] - CCMI also holds a 10% interest in XXIX Metal Corp., which owns the Thierry copper project in Ontario and the Opemiska copper project in Quebec [2] Recent Developments - Chris Stewart has resigned as a director of CCMI for personal reasons, effective June 16, 2025 [1] - Ian Berzins, President and CEO of CCMI, expressed gratitude for Mr. Stewart's service and contributions to the company [1]
Hudbay Minerals Restarts Snow Lake Operations Post Wildfire Disruption
ZACKS· 2025-06-17 17:00
Core Insights - Hudbay Minerals Inc. has resumed operations at the Snow Lake mine in Manitoba after evacuation orders were lifted due to a wildfire crisis [2][7] - The company is prioritizing gold zones at the Lalor mine and expects the New Britannia gold mill to reach full production this week [3][7] - Hudbay Minerals has pledged over $2 million in support for wildfire relief, including $1.6 million for evacuated employees and $500,000 to the Canadian Red Cross [4][7] Company Operations - Operations at the Snow Lake mine were temporarily suspended on June 4, 2025, due to advancing wildfires [2] - The company is on track to meet its 2025 annual guidance for Manitoba, driven by strong performance in the Snow Lake mine [3] Community Support Initiatives - Hudbay Minerals is working with local communities to assist employees and neighbors in returning to the region [4] - The company has secured accommodations for evacuated employees and their families and has deployed external firefighters [5] - A community Relief Donations Fund has been established, with the company contributing $2 for every $1 donated by employees [5] Stock Performance - Hudbay Minerals' shares have increased by 11.6% over the past year, outperforming the industry growth of 1% [6]
Canterra Minerals Identifies New District-Scale Gold Targets Along Valentine Lake Shear Zone Immediately Adjacent to Equinox Gold's Valentine Mine in Central Newfoundland
Newsfile· 2025-06-16 11:00
Five multi-kilometre-scale gold targets defined through newly compiled and reprocessed geophysical datasets spanning the gold belt from Equinox's Valentine mine through Canterra's Wilding Gold Project. Each target demonstrates key geological characteristics analogous to those at the Valentine Mine, a 4.0 Moz Au M&I and 1.1 Moz Au Inferred resource (2024)1. The newly interpreted data supports a targeted and systematic basal till sampling program to accelerate drill targeting across multiple gold-bearing stru ...
Fidelity Minerals Announces Proposed Share Consolidation
Thenewswire· 2025-06-13 23:00
Core Viewpoint - Fidelity Minerals Corp. intends to consolidate its common shares on a basis of five pre-consolidation shares for one post-consolidation share, aiming to enhance marketability and facilitate future financing [1][2]. Share Consolidation Details - The consolidation will reduce the number of outstanding shares from 108,652,859 to approximately 21,730,571 post-consolidation [1]. - The consolidation is expected to take effect around June 30, 2025, pending necessary approvals [1]. Shareholder Information - Uncertificated shareholders will have their accounts electronically adjusted without needing additional actions [3]. - Registered shareholders with physical certificates will receive a letter of transmittal to exchange their pre-consolidation shares for post-consolidation shares [4]. Company Overview - Fidelity Minerals is focused on developing high-quality mining assets in Peru and Canada, with projects like the Sunsets Project in British Columbia and the Las Huaquillas project in Northern Peru [6]. - The company also holds a 25% interest in the Florina Greensands project, which targets the potassium fertilizer market [6]. - The management team is experienced and aims to expand the project portfolio through strategic acquisitions [6].