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Kenorland identifies gold-in-till anomalies at two Ontario projects
Yahoo Finance· 2025-12-02 14:59
Core Insights - Kenorland Minerals has identified significant gold-in-till geochemical anomalies at the Western Wabigoon and Flora projects in north-western Ontario, Canada [1] - The company is currently under an option agreement with Centerra Gold, which allows Centerra to earn up to a 70% interest in each project through staged exploration [7] Western Wabigoon Project - A gold-in-till trend extending approximately 19km has been defined by systematic geochemical surveys [1] - Infill sampling in 2025 refined several high-tenor gold-in-till anomalies across the W1, W2, and W3 target areas, with the W2 target producing a strong anomaly of up to 251 grains per sample along a 4km trend [2] - The W2 target area includes multi-gram per tonne gold showings, with rock samples returning up to 7.75 grams per tonne gold, expanding the historical footprint into the current W2 target [3] - Planning for the 2026 field campaign includes up to 5,000m of diamond drilling at Western Wabigoon, focusing on the priority W2 target [6] Flora Project - Geochemical surveys in 2024 and 2025 outlined the F1 target as a large-scale, high-tenor gold-in-till anomaly extending more than 7km [4] - High-grade gold mineralisation was identified, with rock samples returning up to 31.70g/t gold in the central area and up to 17.40g/t gold approximately 3km to the north-east [5] - Work in 2026 will focus on further surface exploration, including mapping and prospecting to refine targets for a future drill programme [6]
Kenorland Identifies Significant Gold-In-Till Geochemical Anomalies at the Western Wabigoon and Flora Projects in Northwestern Ontario
Newsfile· 2025-12-02 12:30
Kenorland Identifies Significant Gold-In-Till Geochemical Anomalies at the Western Wabigoon and Flora Projects in Northwestern OntarioDecember 02, 2025 7:30 AM EST | Source: Kenorland Minerals Ltd.Vancouver, British Columbia--(Newsfile Corp. - December 2, 2025) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("Kenorland" or the "Company") is pleased to announce results from its 2025 geochemical and prospecting surveys targeting gold systems at the Western Wabigoon and Flora pr ...
Best Income Stocks to Buy for Dec. 2
ZACKS· 2025-12-02 10:01
Core Viewpoint - Three stocks with a buy rank and strong income characteristics are highlighted for investors to consider on December 2, including Compania de Minas Buenaventura S.A.A., Centerra Gold Inc., and John B. Sanfilippo & Son, Inc. [1][2] Group 1: Compania de Minas Buenaventura S.A.A. (BVN) - This polymetallic mining company has seen a 7.8% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - The company has a dividend yield of 1.7%, significantly higher than the industry average of 0.2% [1] Group 2: Centerra Gold Inc. (CGAU) - This gold and copper mining company has experienced a 29.3% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - The company offers a dividend yield of 1.5%, compared to the industry average of 0.0% [2] Group 3: John B. Sanfilippo & Son, Inc. (JBSS) - This tree-nut and peanut processing company has also seen a 7.8% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - The company has a dividend yield of 1.2%, which is higher than the industry average of 0.0% [3]
Metal Energy Announces $9.3 Million Financing; Centerra Gold to Become a Strategic Shareholder
Newsfile· 2025-11-27 11:00
Core Viewpoint - Metal Energy Corp. is set to raise up to C$9.3 million through a financing offering, with Centerra Gold expected to become a strategic shareholder owning approximately 9.9% of the company post-offering [1][5]. Financing Details - The financing will consist of approximately 8,880,000 common shares issued on a premium flow-through basis at C$0.73 per share and 6,200,000 common shares at C$0.45 per share [1]. - Proceeds from the offering will fund Metal Energy's 2026 maiden drill program at the NIV copper-gold-molybdenum project in British Columbia, which is fully permitted with drill-ready targets [2]. Tax and Regulatory Aspects - The flow-through shares will qualify under the Income Tax Act (Canada) for eligible resource exploration expenses, with the company committing to incur qualifying expenditures by December 31, 2026 [3]. - The closing of the offering is expected around December 16, 2025, pending regulatory approvals and customary closing conditions [4]. Strategic Investment - Centerra Gold's investment is seen as a significant endorsement of Metal Energy's NIV project, enhancing the company's technical capabilities and operational experience [6]. - This strategic partnership is viewed as a milestone for Metal Energy, allowing the company to focus on advancing drilling and pursuing discoveries [6]. Company Background - Metal Energy Corp. is focused on critical metals exploration, particularly copper and gold assets in Canada, with the NIV project being a key asset in its portfolio [10].
Moon River Moly Ltd. Announces Preliminary Economic Assessment of Potential Restart of 25% Owned Endako Molybdenum Mine
Newsfile· 2025-11-21 12:00
Core Viewpoint - Moon River Moly Ltd. has announced a positive Preliminary Economic Assessment (PEA) for the Endako Molybdenum Mine, indicating strong potential for the restart of operations, which could position it as Canada's largest molybdenum producer again [4][5]. Project Overview - The Endako Mine is currently on care and maintenance and is located in British Columbia, approximately 190 kilometers west of Prince George [4][10]. - The PEA suggests a 10-year mine life with a throughput of 75,000 tonnes per day, producing an average of 9.3 million kg (20.5 million pounds) of molybdenum annually [6][39]. Financial Metrics - The pre-tax net present value (NPV) is estimated at CAD 1.1 billion, with an internal rate of return (IRR) of 46% [6]. - After-tax NPV is CAD 790 million, with an IRR of 40% at an 8% discount rate, assuming a long-term molybdenum price of USD 49.73 per kg (USD 22.50 per pound) [6][40]. - The estimated total average operating cost is approximately CAD 11.84 per tonne of potentially mineable resources [36]. Capital Expenditures - Pre-production capital expenditures are estimated at CAD 493.7 million, including contingencies of CAD 83.7 million [32][34]. - The breakdown includes costs for processing plants, tailings management facilities, and water management [33]. Mining and Processing Plan - The mining plan involves open-pit techniques, with a focus on higher-grade material for the first 10 years [14][15]. - The processing plant will have a capacity of 75,000 tonnes per day, utilizing existing facilities with refurbishments and new equipment for concentrate leaching and drying [16][19]. Mineral Resources - The measured and indicated mineral resource is 335.7 million tonnes grading 0.072% MoS2 (0.043% Mo) [6][29]. - The resource estimate excludes inferred resources and is based on a cutoff grade of 0.040% MoS2, which reflects the long-term potentially economic mineralization [28][30]. Project Schedule - The restart of mining operations is projected to take approximately 1.5 to 2 years from the approval of the restart plan to the start of production [25]. Environmental and Permitting - The Endako Mine is currently compliant with all necessary permits for its care and maintenance status, but a restart will require reactivation of water and operating permits [24].
Azimut Identifies Visible Gold in 11 Drill Holes on the Rosa Zone, Wabamisk Project, James Bay, Québec
Globenewswire· 2025-11-18 11:30
Core Insights - Azimut Exploration Inc. has completed its maiden diamond drilling program at the Rosa Zone on the Wabamisk Property, drilling a total of 3,633 metres across 26 holes, significantly exceeding the initial plan of 1,500 metres due to encouraging visual observations of gold [1][2]. Drilling Program Details - The drilling program was expanded based on positive visual observations, with assay results pending. The company plans to aggressively expand its drilling program early next year, with two drill rigs and a fully operational exploration camp already on-site [2]. - Visible gold was found in over 40% of the drilled holes, correlating with a 700-metre east-west trend of gold-bearing outcrops and multiple induced polarization anomalies identified over a minimum strike of 1.4 kilometres [3]. Mineralization Observations - Eleven of the 26 holes displayed visible gold, associated with quartz veins and metasedimentary host rocks. Specific observations include visible gold at various depths in multiple holes, indicating a preliminary east-west-striking envelope measuring 200 metres long by 100 metres wide [5]. - Preliminary results from surface channel sampling have shown high-grade gold results, including 23.0 g/t Au over 3.0 metres and 30.17 g/t Au over 4.0 metres [5]. Property Overview - The Wabamisk Property consists of 673 claims covering 356 square kilometres, strategically located in a prospective belt in the James Bay region. The adjacent Wabamisk East Property has been optioned to Rio Tinto for lithium exploration [7][8]. - The property is situated near significant mining operations and infrastructure, enhancing its accessibility and potential for development [8]. Project Management and Analysis - The drilling program is managed by Nouchimi-RJLL Drilling Inc., with samples sent to ALS Laboratories for analysis. The company employs industry-standard QA/QC procedures to ensure the reliability of results [9]. - Azimut utilizes a proprietary big data analytics system, AZtechMine™, to enhance its exploration efforts, maintaining a strong financial position and rigorous financial discipline [14]. Company Background - Azimut is recognized for its extensive mineral exploration portfolio in Quebec, focusing on gold, copper, nickel, and lithium projects. The company is advancing several high-potential projects, including the Galinée lithium discovery [13]. - Strategic investors include Agnico Eagle Mines Limited and Centerra Gold Inc., holding approximately 11% and 9.9% of the company's shares, respectively [15].
Azimut and SOQUEM sell their Pikwa Property to PMET Resources, James Bay Region, Quebec
Globenewswire· 2025-11-12 11:30
Core Viewpoint - Azimut Exploration Inc. has signed a Sale and Purchase Agreement with PMET Resources Inc. for the Pikwa Property, enhancing its focus on flagship assets while maintaining exposure to the lithium sector through equity ownership and retained royalties [1][2]. Transaction Details - PMET will acquire a 100% interest in the Pikwa Property by issuing 420,958 shares each to Azimut and SOQUEM, totaling a consideration of $3.1 million based on the 20-day volume weighted average price of PMET's shares [3]. - Azimut and SOQUEM will retain a 1.0% NSR royalty on the Property, with resale restrictions on the shares for 24 months, allowing 65% of the shares to be sold only if the 20-day VWAP exceeds specified price milestones [3]. Property Overview - The Pikwa Property consists of 509 claims covering 261 km and is located in the same greenstone belt as PMET's Shaakichiuwaanaan lithium project, indicating potential for lithium pegmatite trends to extend onto Pikwa [4]. - Exploration work has confirmed the presence of spodumene in pegmatite outcrops and till samples, supporting the potential of the lithium trend [4]. Company Background - Azimut is a leading mineral exploration company with a strong reputation for target generation and partnership development, holding the largest mineral exploration portfolio in Quebec [8]. - The company is advancing several high-potential projects, including the Patwon gold deposit and lithium projects, while maintaining a strong balance sheet and financial discipline [9]. Stock Option Plan Amendments - The Board of Directors has approved amendments to the stock option plan, increasing the number of common shares reserved for future issuance by 1,862,000, totaling 10,052,000 shares, which represents approximately 9.99% of the issued and outstanding shares [6].
Liberty Gold Reports Q3 2025 Financial and Operating Results
Globenewswire· 2025-11-10 22:30
VANCOUVER, British Columbia, Nov. 10, 2025 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) ("Liberty Gold" or the “Company”), is pleased to announce its financial and operating results for the three and nine months ended September 30, 2025. All amounts are presented in United States dollars unless otherwise stated. THIRD QUARTER OF 2025 AND RECENT HIGHLIGHTS On September 30, 20251, we announced the closure of a subscription agreement with Centerra Gold Inc. (“Centerra”), whereby Centerra acq ...
Happy Creek Announces CEO Transition
Thenewswire· 2025-11-06 17:35
Core Viewpoint - Happy Creek Minerals Ltd. announces the resignation of CEO Jason Bahnsen and the appointment of Stephen Gray as the new CEO and Director, indicating a leadership transition at a crucial time for the company [1][3]. Company Leadership - Mr. Stephen Gray has extensive experience in the mining industry, having held positions at Rio Tinto Plc, Kinross Gold Corp., and Centerra Gold Inc. He holds a Bachelor of Science in Mining Engineering and an MBA [2]. - Mr. Gray expressed enthusiasm about joining Happy Creek and aims to build on the work done by his predecessor, highlighting the company's strong fundamentals in the tungsten market and its high-quality project portfolio [3]. Company Projects - Happy Creek is focused on resource development in British Columbia, with key projects including the high-grade Fox Tungsten deposit and the Silverboss molybdenum-copper-gold-silver project [4][5]. - The company recently completed the sale of the Highland Valley Copper Project to Metal Energy Corp., retaining a 9.9% stake in Metal Energy and a potential 2.5% Net Smelter Return royalty on the mineral claims [6]. Commitment to Community - Happy Creek is dedicated to responsible mineral resource development and aims to build mutually beneficial relationships with Indigenous Communities in its exploration territories [7].
Centerra Gold Inc. 2025 Q3 - Results - Earnings Call Presentation (TSX:CG:CA) 2025-11-05
Seeking Alpha· 2025-11-05 23:03
Group 1 - The article does not provide any specific content related to a company or industry [1]