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Eminent Completes Final Celts Payment - Strengthens Strategic Position in Nevada
Prnewswire· 2025-08-25 11:35
Notably, Barrick Gold has recently staked ground adjacent to Celts (see Figure 4), further highlighting the strategic significance of the area. Finalizing ownership of the Celts Project aligns with Eminent's strategy to maintain majority ownership across its portfolio and positions the Company in a highly prospective region with analogues to world-class gold systems. This milestone follows Eminent's previously announced news releases dated December 12, 2024, and February 12, 2025, and underscores the Compan ...
Signature Resources Announces Findings from Spring Field Program
Newsfile· 2025-08-19 14:50
Core Insights - Signature Resources Ltd. announced the successful results of its spring field program conducted in May 2025 at the Lingman Lake Gold Mine, focusing on five sampling areas to delineate mineralization [1][9] - A total of 111 samples were collected, with nearly 25% returning assay values of 0.10 grams per tonne of gold or greater, indicating promising mineralization [1][9] Group 1: Sampling Areas - **Area 1**: Focused on the North Gold Zone, with notable samples returning values of 0.14 g/t Au and 0.21 g/t Au, and a grab sample yielding 8.26 g/t Au, suggesting a mineralized envelope [2][9] - **Area 2**: Investigated the section between the South Zone and 11650 Zone, with channel samples yielding values of 0.24 g/t Au and 0.54 g/t Au, while grab samples returned higher values of 0.67 g/t Au, 4.31 g/t Au, and 9.91 g/t Au [3][9] - **Area 3**: Explored the South Zone's strike projection, with previous drill results indicating gold mineralization of 1.81 g/t Au over 51 m and 1.80 g/t Au over 34 m, although surface samples returned lower values [5][9] - **Area 4**: Followed up on a previous sample yielding 5.45 g/t Au, with new channel samples returning values from 0.11 to 1.63 g/t Au, indicating a new target area [6][9] - **Area 5**: Focused on the interzonal corridor between Central Zone 'A' and 'B', with eight samples returning gold grades ranging from 0.13 to 1.27 g/t Au, warranting further detailed mapping [7][9] Group 2: Financial and Corporate Updates - The company amended a related party loan agreement, increasing the loan amount to $350,000 and extending the maturity date to September 30, 2025, to support ongoing operations [10] - The loan is provided on a non-cost basis, with no interest or fees, and the company plans to repay it through future equity financings [10] Group 3: Project Overview - The Lingman Lake gold property encompasses approximately 24,821 hectares, including historical mining infrastructure and extensive drilling, with an average of 19 grams per tonne of gold from bulk samples [15]
Orezone Intercepts Further High-Grade Mineralization Below Life of Mine Pits Including 1.59 g/t Gold Over 48.00m and 1.09 g/t Gold Over 45.00m
Globenewswire· 2025-08-19 11:30
Core Insights - Orezone Gold Corporation has reported additional drill results from its Bomboré Gold Mine, confirming the continuity of higher-grade mineralization beneath current resource pits, indicating significant exploration potential [1][3][5]. Exploration Results - Approximately 30,000 meters of exploration drilling was completed in H1-2025, with notable results including: - Extension of North Zone footwall mineralization up to 200 meters below current reserve pits, with grades of 2.55 g/t Au over 23.00 meters and 1.14 g/t Au over 29.50 meters [5]. - Extension of the P17S high-grade sub-zone by 300 meters down plunge, with a grade of 7.40 g/t Au over 6.70 meters [5]. - Identification of multiple broad near-surface strike extensions, including 2.22 g/t Au over 14.00 meters and 1.12 g/t Au over 10.00 meters [5]. Future Plans - Drilling will continue in H2-2025, aiming to increase Bomboré's global resource from 5 million ounces to a target of 7 to 10 million ounces, with an overall production increase to 220,000-250,000 ounces per annum [6]. North and P8P9 Zones - The North Zone continues to define and expand mineralized trends along a 3 km strike length, with mineralization associated with specific geological features [6][7]. - The P8P9 Zone has shown potential for wide zones of mineralization, with significant intercepts including 1.09 g/t Au over 45.00 meters within a broader intercept of 0.64 g/t Au over 157.00 meters [11][10]. Selected Drill Highlights - Recent drilling confirmed the down plunge continuity of higher-grade mineralization in the North Hill sub-zone, with intercepts of 1.59 g/t Au over 48.00 meters and 1.97 g/t Au over 16.10 meters [9]. - The P8P9 Zone has been defined over a 1.6 km strike length, with discrete higher-grade lenses within broader low-grade zones [10].
Tomingley Exploration Intersects Significant Gold at El Paso
GlobeNewswire News Room· 2025-08-18 10:21
Core Insights - Alkane Resources Limited has reported significant exploration results from its Tomingley Gold Operations in Central New South Wales, highlighting the potential for increased gold resources and mine life [1][4][8]. Exploration Results - EPD016 reported 8.2 metres grading 3.74 g/t Au from 224.8 metres, including 1 metre grading 25.0 g/t Au from 225.6 metres [1][14]. - EPD017 showed 32.1 metres grading 1.65 g/t Au from 66.9 metres, with notable inclusions of 4 metres grading 3.21 g/t Au from 83 metres and 14 metres grading 1.71 g/t Au from 119 metres [1][17]. - Additional results from the Tomingley Structure included TORC007 with 14 metres grading 0.58 g/t Au from 213 metres and TORC011 with 6 metres grading 0.78 g/t Au from 149 metres [2][21]. Project Overview - The Tomingley Gold Project (TGP) spans approximately 440 km² and includes both open pit and underground operations with a processing capacity of 1 million tonnes per annum [8][49]. - The project has seen extensive regional exploration, leading to the definition of mineral resources at the Roswell and San Antonio deposits, which are now part of the TGO [9][40]. Future Plans - The company plans to conduct 2,000 metres of diamond core drilling to further define exploration targets at the El Paso prospect [5][15]. - A comprehensive exploration program for the next 12 months includes high-resolution drone magnetic surveys and 6,000 metres of deeper drilling across various prospects [11][31]. Geological Insights - The exploration has focused on a dacite volcanic host unit at the El Paso prospect, which has shown promising mineralization [12][14]. - The Tomingley Structure, extending 5 km north from historic workings, has been identified as a significant mineralized structure with potential for further discoveries [20][21].
Harvest Gold Kicks Off Drilling at Mosseau, Launches Urban-Barry Till Program, and Completes Labelle Mag Survey
Thenewswire· 2025-08-14 19:10
Core Viewpoint - Harvest Gold Corporation is advancing exploration activities across its Quebec properties, focusing on the Mosseau, Urban-Barry, and LaBelle projects, with significant drilling and sampling programs underway [1][2][3]. Group 1: Exploration Activities - The company has mobilized a diamond drill to begin a 5,000-meter drilling program at the Mosseau property, targeting high-priority areas with historical gold showings [3]. - A till sampling program has been initiated at the Urban-Barry property, which spans 19 km in length and averages 4 km in width, to evaluate its gold potential [4]. - A high-resolution airborne magnetic survey covering 1,368 line-kilometers has been completed over the LaBelle property, interpreted to extend the mineralized corridor from Mosseau [5]. Group 2: Project Details - The Mosseau property is the focus of the diamond drilling program, which follows extensive regional data compilation and previous encouraging results from soil sampling [3]. - The Urban-Barry property will undergo a till sampling survey conducted by IOS Services Géoscientifiques, with a total of 145 samples planned [4]. - The LaBelle property has seen minimal historical exploration, and the recent magnetic survey aims to identify potential mineralization [5]. Group 3: Company Overview - Harvest Gold Corporation is focused on exploring near-surface gold deposits and copper-gold porphyry deposits in stable mining jurisdictions, with a management team possessing over 400 years of collective geological and financing experience [7]. - The company holds three active gold projects in the Urban-Barry area, covering a total of 20,016.87 hectares across 377 claims [8]. - The properties collectively cover over 50 km of favorable strike along mineralized shear zones, indicating significant exploration potential [9].
Founders Metals Expands High-Grade Gold Zone at Upper Antino with 46.0 m of 3.59 g/t Au & Deep Drilling Extends Mineralization to 500 m Vertical Depth
Newsfile· 2025-08-11 11:30
Core Insights - Founders Metals Inc. has reported significant drilling results from its Antino Gold Project in Suriname, highlighting the expansion of high-grade gold zones and the extension of mineralization to a vertical depth of approximately 500 meters [1][2]. Drilling Results - The standout drill hole FR120 intercepted 46.0 meters of 3.59 grams per tonne (g/t) gold, confirming the continuity of high-grade domains within the Froyo zone [4][8]. - Additional results include: - 8.0 meters of 2.25 g/t Au from 597.0 meters (FR115) - 13.0 meters of 2.10 g/t Au from 468.0 meters (FR123) - 21.0 meters of 0.73 g/t Au from 458.0 meters (FR118) [5][8]. Exploration and Future Plans - The company is advancing its exploration efforts with a planned 2,000 meters of drilling at the Maria Geralda target, following up on previous results of 22.5 meters at 11.88 g/t Au from hole MG003 [9]. - Exploration activities are also ongoing at other targets including Van Gogh, Da Vinci, Lawa, and Parbo, with comprehensive surface exploration programs in place [10].
Ramelius Resources Limited (RMS) 2025 Conference Transcript
2025-08-04 04:05
Summary of Ramelius Resources Limited (RMS) 2025 Conference Call Company Overview - **Company**: Ramelius Resources Limited (RMS) - **Recent Merger**: Merger with Spartan Resources valued at $2.4 billion, enhancing exploration capabilities and cash flow generation [2][34] Key Points and Arguments Operational Highlights - **Production Achievement**: FY 2025 production reached a record of 301,000 ounces, exceeding the 300,000-ounce mark for the first time [10] - **Mount Magnet Operation**: The flagship operation has produced over 2 million ounces since 2014, with a projected mine life of at least 17 years [4] - **Dalgaranga Asset**: Expected to push production to over 350,000 ounces, with a focus on integrating this asset into the Mount Magnet hub [5][6] Financial Performance - **Market Capitalization**: Currently at $4.8 billion, positioning Ramelius on the cusp of the ASX 100 [7] - **Net Cash Position**: $784 million, significantly higher than the expected $500 million at the time of the merger announcement [7] - **Cash Flow Generation**: Generated nearly $700 million in free cash flow for FY 2025, leading the sector on a per-ounce basis [15] Future Growth Strategy - **Production Target**: Aiming for a sustainable production level of 500,000 ounces by the end of the decade, with all-in sustaining costs projected to be below $2,000 per ounce [8][35] - **Exploration Focus**: Renewed exploration efforts across the portfolio, particularly in the Rebecca Row area, with a definitive feasibility study (DFS) underway [5][11] Exploration and Resource Development - **High-Grade Discoveries**: Significant high-grade discoveries at the Kew project, with nearly 100,000 ounces mined at 10 grams per tonne and an all-in sustaining cost below $800 per ounce [13] - **Resource Growth**: Increased resource from 100,000 ounces to nearly 2.9 million ounces in a two-and-a-half-year period [19] - **Drilling Programs**: Extensive drilling programs planned to explore beneath existing pits, targeting high-grade shoots and expanding resource potential [22][32] Integration and Operational Synergies - **Integration Work**: Ongoing integration studies from the merger with Spartan, focusing on optimizing processing options and mine design [9][10] - **Operational Excellence**: Combining operational expertise from both companies to enhance production efficiency and exploration success [18][34] Additional Important Insights - **Cash Flow Utilization**: The company plans to reinvest cash flows into exploration and development, leveraging geological potential without the need to fight for capital [35] - **Sector Positioning**: Ramelius is positioned as a leading gold producer in the ASX, with a strong focus on sustainable growth and shareholder returns [36] This summary encapsulates the key points discussed during the Ramelius Resources Limited conference call, highlighting the company's operational achievements, financial performance, future growth strategies, and exploration initiatives.
NetworkNewsAudio Announces Audio Press Release (APR) on Mining Junior Becoming New Quebec Gold Producer
Globenewswire· 2025-07-25 12:30
Company Overview - LaFleur Minerals Inc. is positioned to become one of Quebec's newest gold producers, with a permitted mill and an advanced-stage exploration project [1] - The company focuses on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d'Or, Québec, particularly the Swanson Gold Project and the Beacon Gold Mill [4] Project Details - The Swanson Gold Project spans approximately 15,290 hectares, benefiting from over $5 million invested in exploration by the previous owner, Monarch Mining [2] - Historical drilling includes more than 950 drill holes, revealing broad zones of gold mineralization with widths reaching up to 40 meters [3] - The project area has previous underground development, including a ramp to a vertical depth of 80 meters for bulk sampling, indicating significant potential for further discoveries [3] Infrastructure and Accessibility - The Swanson Gold Project is easily accessible by road, with a rail line running through the property, allowing direct access to several nearby gold mills [4] - The Beacon Gold Mill is fully refurbished and permitted, capable of processing more than 750 tonnes per day, and is being considered for processing mineralized material at Swanson and for custom milling operations for other nearby gold projects [4]
K2 Gold Advances Toward Final EIS and Continues to Uncover High-Grade Gold at Mojave Project
Newsfile· 2025-07-22 10:00
Core Insights - K2 Gold Corporation is making significant progress in exploration and permitting at its Mojave Project, which is a promising oxide gold project in California [2][4] - The company is nearing the completion of the Final Environmental Impact Statement (EIS), which is crucial for advancing its Phase II drill program [5][10] - Recent rock sampling has confirmed high-grade gold mineralization in new zones, enhancing the project's potential [5][6] Exploration Progress - A total of 74 rock samples were collected from the Eastern Target Area, aimed at identifying high-potential drill targets for future exploration [4] - High-grade gold values were reported, including 27.6 g/t Au and 21.5 g/t Au from the Gold Valley area, and 3.07 g/t Au and 4.02 g/t Au from the Flores Area [5][6] - The East Zone has shown significant mineralization over extensive areas, with confirmed gold values extending 280m and 750m from previous discovery samples [8] Permitting Milestones - The Bureau of Land Management (BLM) is preparing the Final EIS, which will incorporate public feedback from a 45-day comment period [5][10] - The completion of the Final EIS is a critical milestone for K2 Gold, ensuring compliance with regulatory requirements and facilitating further exploration activities [10] Company Overview - K2 Gold Corporation is focused on advancing gold exploration projects in mining-friendly jurisdictions across the Western U.S. and Canada [15] - The Mojave Project spans 5,830 hectares and includes multiple previously drilled oxide gold targets, with ongoing exploration efforts utilizing various geological survey methods [15]
West Point Gold Drills 59.44m of 1.25 g/t Au and 68.5m of 0.90 g/t Au, Beneath the Tyro Pit, Expanding the Tyro Main Zone to Depth
Newsfile· 2025-07-17 11:00
Core Insights - West Point Gold Corp. has announced significant drill results from its Gold Chain Project in Arizona, indicating promising gold mineralization at depth beneath the Tyro Main Zone [1][3][10] Drilling Results - The recent drilling program covered approximately 500 meters of strike along the Central and Southern parts of the Tyro Main Zone, with a total of 957.2 meters drilled [1][10] - Drill hole GC25-61 returned 59.44 meters of 1.25 g/t Au, including 33.53 meters of 1.63 g/t Au, expanding the mineralized zone to depth [5][10] - Drill hole GC25-62 returned 68.58 meters of 0.90 g/t Au, including 15.24 meters of 2.89 g/t Au, indicating improving grades at depth [5][10] - Drill hole GC25-64 returned 36.58 meters of 0.91 g/t Au, also showing mineralization at depth [5][10] Geological Insights - The drilling has identified a broad zone of quartz-calcite-adularia veins and breccia that is consistently mineralized from surface exposures down to nearly 200 meters [5][10] - The mineralized zone remains open at depth and appears to extend northward toward the Frisco Graben, indicating potential for further exploration [5][10] Future Plans - The company is planning a follow-up drill campaign of 10,000 meters to further test the Tyro Main Zone at depth and along strike, as mineralization remains open [3][10] - Additional drilling is scheduled for Fall 2025 to continue following the mineralization to depth, with expectations of encountering higher-grade veins related to deeper boiling events [10]