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Dixie Gold Inc. Expands Presence in the Uchi Subprovince, Highlights Newly Assembled Pickle Crow East Gold Project
TMX Newsfile· 2026-02-12 14:25
Core Viewpoint - Dixie Gold Inc. has successfully secured additional mining claims for the Pickle Crow East Gold Project in Ontario, enhancing its position in a historically significant gold district [1][3][4]. Group 1: Project Acquisition and Funding - Dixie Gold fully funded the acquisition of claims for the Pickle Crow East Gold Project using existing working capital [2]. - The project consists of approximately 256 claims covering around 5,147 hectares, adjacent to the historic Pickle Crow Mine [6][10]. Group 2: Strategic Positioning and Market Context - The acquisition comes at a strategic time, coinciding with increased exploration interest in the area due to adjacent projects by FireFly Metals and Bellavista Resources [3][5]. - The Pickle Crow East Gold Project is positioned within the Uchi Subprovince, where Dixie Gold has prior exploration experience, particularly with the Red Lake Gold Project [4]. Group 3: Geological Insights and Exploration Potential - The project area is underlain by metavolcanic rocks and includes underexplored iron formations, which are favorable for gold mineralization [14][20]. - Historical exploration in the region has overlooked certain geological settings, presenting new opportunities for gold discovery with modern exploration techniques [11][13][25]. Group 4: Historical Context and Resource Potential - The historic Pickle Crow mine produced 1.5 million ounces of gold at an average grade of 16 g/t from 1935 to 1966, with significant inferred resources still present [24]. - The potential for gold endowment in the broader region is highlighted by the evolving understanding of geological settings and the application of new technologies [24][25].
Puma Exploration Intersects 5.11 g/t Au over 6.60 m, Including 66.10 g/t Au over 0.50 m at Lynx Gold Zone
TMX Newsfile· 2026-02-04 15:39
Core Insights - Puma Exploration Inc. has reported successful drilling results from the Lynx Gold Zone, confirming the continuity of mineralization and expanding the zone's footprint [1][2][5] Drilling Results - The 2025 drilling program included 15 holes totaling 3,662 meters, successfully intersecting the favorable rhyolite/sediment contact and confirming mineralization at depth [1][2][5] - Visible gold was observed in 6 of the 15 drill holes, with significant findings including 66.10 g/t Au over 0.50 m in hole WB25-181 and 4.09 g/t Au over 1.0 m in hole WB25-190 [6][8] - The Lynx Gold Zone has been expanded to approximately 800 meters along strike, 50 meters wide, and extends to a vertical depth of ~250 meters, remaining open in all directions [7][8] Financial Commitments - Kinross Gold Corp. has committed at least $3 million to exploration at Williams Brook for Year 2 of the Option Agreement and increased its ownership stake in Puma to 14.8% through a $2 million equity investment [4][19] Exploration Activities - Extensive surface exploration work was completed across the Williams Brook Project, including trenching, mapping, and drone magnetic geophysical surveys [16] - A systematic channel sampling program at the Lynx Gold Zone returned high-grade gold intervals, including 68.90 g/t Au over 0.50 m, aiding in the refinement of the geological model [17] Future Plans - Plans for the 2026 exploration program at Williams Brook are currently underway and will be announced shortly [4]
Vortex Metals Appoints Michael Williams as Interim Chief Executive Officer
TMX Newsfile· 2026-01-15 11:00
Core Viewpoint - Vortex Metals Inc. has appointed Mr. Michael Williams as interim Chief Executive Officer, aiming to ensure continuity and advance its growth strategy during a leadership transition [1][4]. Leadership Transition - Mr. Michael Williams, co-founder and Executive Chairman of Vortex Metals, brings over 30 years of executive leadership experience in the junior mining industry [1][2]. - Mr. Vikas Ranjan will continue as President, focusing on capital markets and corporate development to support the company's growth [1]. Company Background - Vortex Metals is a copper-gold focused exploration and development company with projects in Chile and Mexico [6]. - The company holds an option to acquire up to 80% interest in the Illapel Copper Project in Chile and owns 100% interest in two high-potential VMS properties in Mexico [6]. Project Highlights - Vortex's flagship projects include the Riqueza Marina and Zaachila properties in Oaxaca, Mexico, covering 15,308 hectares with identified high-potential target areas [4]. - The Illapel Copper Project in Chile has confirmed high-grade mineralization, with Phase 1 drilling indicating significant discovery potential [5].
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].
Electrum Discovery Reports Results of its Annual and Special Meetings of Shareholders and Welcomes Michael Williams and John Anderson to the Board of Directors
Thenewswire· 2025-07-28 06:00
Core Viewpoint - Electrum Discovery Corp. successfully held its Annual General and Special Meeting, with shareholders approving all items proposed by the Board of Directors and management [1]. Board of Directors - Michael Williams and John Anderson were elected to the Board, replacing Eric Rasmussen and R. Michael Jones [2]. - Michael Williams brings 29 years of mining industry experience and has held leadership roles in several public companies, including serving as Executive Chairman of Aftermath Silver [3]. - John Anderson has over 20 years of capital markets experience in the resource sector and has been involved in founding multiple start-up companies [4]. Voting Results - The voting results showed overwhelming support for the number of directors, with 99.99% voting in favor [5]. - Specific votes included: - Appointment of Smythe LLP as auditors received 100% approval [5]. - The Stock Option Plan received 92.02% approval, while the Equity Incentive Compensation Plan received 90.32% approval [5]. - The proposal for corporate jurisdiction continuance to the Abu Dhabi Global Market received 99.60% approval [5][6]. Corporate Strategy - The decision to continue the corporate jurisdiction to the Abu Dhabi Global Market was made for strategic reasons, with the timing subject to Board discretion and regulatory approvals [6][7]. - Electrum Discovery Corp. focuses on mineral exploration and development in the Western Tethyan Belt, with significant projects in Serbia [7]. Project Details - The Timok East project covers 123 square kilometers in the Timok copper-gold region, located near the Bor Mining Complex [7]. - The Novo Tlamino project has an inferred mineral resource estimate of 670,000 oz AuEq, with a Preliminary Economic Assessment conducted in January 2021 [8].