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Scottie Reports Broad and High-Grade Gold at the Blueberry Contact Zone 14.4 g/t Gold over 40.75 Metres and 42.5 g/t Gold over 4.40 Metres
TMX Newsfile· 2026-02-25 12:30
Vancouver, British Columbia--(Newsfile Corp. - February 25, 2026) - Scottie Resources Corp. (TSXV: SCOT) (OTCQB: SCTSF) (FSE: SR80) ("Scottie" or the "Company") is pleased to report final assays from its 2025 drilling of various zones within the Blueberry Contact Zone, at the Scottie Gold Mine Project ("Scottie Gold Mine" or the "Project"). The road-accessible Project is located 35 kilometres north of Stewart, BC, and is the subject of a newly released Preliminary Economic Assessment ("PEA") entitled Scott ...
Xali Gold Positions Pico Machay Gold Project to Reactivate Development Plans Amid Strong Gold Market
Globenewswire· 2026-02-12 12:00
Core Viewpoint - Xali Gold Corp. is advancing the Pico Machay Gold Project in Peru, which presents both immediate value and long-term potential due to its historical resource estimates and favorable mining conditions [2][5]. Company Activities - The company aims to develop Pico Machay as soon as possible, focusing on updating the historical resource estimate and optimizing previous engineering studies, particularly the low-cost open-pit heap-leach concept [3][6]. - Community engagement has begun, with constructive meetings held in the Community of Santa Ana, reflecting a commitment to transparency and sustainable development [3][4]. Project Details - Pico Machay is located in a historically productive mining district and benefits from existing infrastructure and community support [4]. - The project has a Historical Measured and Indicated Resource of 264,600 ounces of gold and an additional Historical Inferred Resource of 446,000 ounces of gold, based on drilling data from 2009 [5][6]. Ongoing and Planned Activities - Current activities include relogging 20,000 meters of historical drilling, reconstructing the geological model, and preparing for detailed geological mapping and sampling [7]. - Planned activities for 2026 involve acquiring necessary permits, advancing a Preliminary Economic Assessment, and ongoing discussions for a long-term Land Access Agreement with the local community [7]. Technical Information - Historical resource estimates are based on prior data and reports, and further work is required to classify these estimates as current resources [9][8].
G2 Announces New Gold Discoveries Outside Existing Mineral Resources and Provides Corporate Update
Globenewswire· 2026-02-11 11:00
Core Insights - G2 Goldfields Inc. is advancing its high-grade OKO Gold Project in Guyana, with a 100,000-meter drilling campaign and new gold discoveries outside existing mineral resources [1][2][11] Project Overview - A Preliminary Economic Assessment (PEA) indicates the potential for a 10,000 tonne-per-day gold mining operation, projecting total production of 3.2 million ounces of gold at all-in sustaining costs of US$1,232 per ounce over a 14-year mine life [2][30] - The project is actively expanding through drilling extensions along the +15km OKO trend and new greenfields discoveries along the 20km Aremu gold trend [3][11] Exploration and Drilling Activities - The company has two drilling contractors on site with six operational drill rigs, with plans to add two more to expedite the drilling programs [5] - The current drilling program includes resource expansion and upgrading Inferred mineral resources to Indicated resources for the upcoming Feasibility Study [5][32] - Significant drill intercepts have been reported, including 66m at 0.9 g/t Au and 6m at 4.1 g/t Au from the OMZ resource area, and new discoveries at the "Sands" target area with intercepts of 24m at 2.5 g/t Au and 5m at 4.8 g/t Au [8][11][17] Future Plans - Exploration campaigns will run alongside early works programs and environmental studies, aiming for a Feasibility Study and construction decision by mid-2027 [4][32] - The company is focusing on the Oko NW area, which has shown significant potential based on previous drilling results [26]
G2 Announces New Gold Discoveries Outside Existing Mineral Resources and Provides Corporate Update
Globenewswire· 2026-02-11 11:00
Core Insights - G2 Goldfields Inc. is advancing its high-grade OKO Gold Project in Guyana, with a 100,000-meter drilling campaign and new gold discoveries outside existing mineral resources [1][2][11] Project Overview - A Preliminary Economic Assessment (PEA) indicates the potential for a 10,000 tonne-per-day gold mining operation, projecting total production of 3.2 million ounces of gold at all-in sustaining costs of US$1,232 per ounce over a 14-year mine life [2][30] - The project is actively expanding through drilling extensions along the +15km OKO trend and new greenfields discoveries along the 20km Aremu gold trend [3][11] Exploration and Drilling Activities - The company has two drilling contractors on site with six operational drill rigs, with plans to add two more to expedite the drilling programs [5] - The current drilling program includes resource expansion and upgrading Inferred mineral resources to Indicated resources for the upcoming Feasibility Study [5][11] - Significant drill intercepts have been reported, including 66m at 0.9 g/t Au and 6m at 4.1 g/t Au from the OMZ resource area, and new discoveries at the "Sands" target area with intercepts of 24m at 2.5 g/t Au and 5m at 4.8 g/t Au [8][11][18] Future Plans - Exploration campaigns will run alongside early works programs and environmental studies, aiming for a Feasibility Study and construction decision by mid-2027 [4][32] - The company is focusing on the Oko NW area, which has shown significant potential based on previous drilling results [26]
Cabral Gold Inc. to Present at the Precious Metals & Critical Minerals Virtual Investor Conference February 10, 2026
Globenewswire· 2026-02-03 13:35
Company Overview - Cabral Gold is a junior gold exploration and development company with a market cap of C$200 million, focused on the Cuiu Cuiu gold project in Brazil [3] - The Cuiu Cuiu district is located adjacent to GMining's Tocantinzinho gold mine, which is the third largest gold mine in Brazil, valued at $500 million [3] Project Development - Cabral plans to develop the Cuiu Cuiu district in two stages, with Stage 1 currently under construction and fully funded, expected to produce 25,000 ounces per year at an all-in cash cost of US$1,210 per ounce starting in Q4 2026 [3] - The Pre-Feasibility Study released in July 2025 indicated an after-tax Internal Rate of Return (IRR) of 78% and a Net Present Value (NPV5) of $74 million at a base case gold price of $2,500 per ounce [3] Resource Estimates - As of September 2022, the Cuiu Cuiu project has indicated resources of 12.29 million tonnes at 1.14 g/t gold (450,200 ounces) in primary material and 13.56 million tonnes at 0.50 g/t gold (216,182 ounces) in oxide material [4] - Inferred resources total 13.63 million tonnes at 1.04 g/t gold (455,100 ounces) in primary material and 6.40 million tonnes at 0.34 g/t gold (70,569 ounces) in oxide material [4] - The company has made significant discoveries since 2022 and plans to update resource estimates in 2026 [4] Exploration Activities - Cabral currently operates three exploration drill rigs and aims to generate significant news flow over the next 12 months by targeting over 50 exploration targets identified outside of the current resource base [5] - The management team has a successful track record, having been responsible for five grassroots gold discoveries in Brazil, three of which are now operational mines [5] - The CEO has personally invested $2 million in the company to date, indicating strong confidence in the project [5] Upcoming Events - Dr. Alan Carter, Founder, President & CEO of Cabral Gold, will present at the Precious Metals & Critical Minerals Virtual Investor Conference on February 10, 2026, at 10:30 AM ET [1] - The event will allow real-time interaction with investors, and an archived webcast will be available for those unable to attend live [2]
West Point Gold Provides Summary of Transformative 2025 and 2026 Outlook
TMX Newsfile· 2026-01-05 12:00
Core Viewpoint - 2025 was a transformative year for West Point Gold, marked by significant exploration results and strategic acquisitions, positioning the company for a promising 2026 with a focus on aggressive exploration and resource definition [2][3]. 2025 Highlights - The company completed 9,131 meters of drilling at the Gold Chain project, leading to an updated exploration target at the Tyro Main Zone of 19.5 to 31.2 million tonnes grading 2.0 to 3.0 g/t gold [3][4]. - Key drill results included high-grade intercepts, such as 36.6 meters of 7.35 g/t gold and 24.4 meters of 5.92 g/t gold, demonstrating continuity and grade improvement at depth [11][5]. - The acquisition of the Baxter Spring Project in Nevada added a significant asset to the company's portfolio, comprising 137 unpatented federal lode claims over 2,829 acres [7][8]. - The company strengthened its balance sheet with gross proceeds of C$13 million from financings, warrant, and option exercises in 2025 [10]. 2026 Plans and Catalysts - In 2026, the company plans to continue aggressive exploration at the Gold Chain project, adding a second drill rig to accelerate data collection and resource delineation [13]. - A 5,000-meter drill program is planned for the Baxter Spring project to validate and expand known high-grade zones [14]. - Efforts to permit a maiden drill program at the Jefferson Canyon project are underway, with potential drilling in 2026 [15]. Corporate Developments - Management changes included the appointment of Derek Macpherson as President and CEO and the addition of experienced directors and advisors to strengthen the team [10]. - The company aims to deliver a maiden resource estimate for the Tyro Main Zone and continue additional metallurgical testing in 2026 [20].
Terra Rossa Gold Ltd. Announces Launch of Company Website
Globenewswire· 2025-12-15 21:30
Core Viewpoint - Terra Rossa Gold Ltd. is advancing its Veta Gold Project in Colombia and has launched a redesigned website to serve as a hub for updates on project milestones and corporate developments [1][2]. Company Overview - Terra Rossa Gold is a well-financed gold exploration and development corporation with an experienced team focused on building shareholder value through the advanced exploration and development of the Vetas project [14]. Project Details - The Veta Gold Project is located in Santander, Colombia, approximately 70 kilometers northeast of Bucaramanga, and covers an area of about 313.9 hectares [11]. - The project is situated in the Vetas-California mining district, known for its epithermal gold-silver occurrences, and is adjacent to the multimillion-ounce Soto Norte gold project [2][4]. Historical Exploration - Previous drilling by CB Gold from 2010 to 2013 included 162 diamond drill holes totaling 71,035 meters, revealing several gold-bearing veins with high-grade mineralization potential [3][4]. - Notable assay results include: - 19.83 grams per tonne Au and 10.6 g/t Ag over 3.3 meters from drill hole ED-DDH12-106A [3] - 506.69 g/t Au and 89.7 g/t Ag over 0.74 meters from drill hole AR-DDH11-06 [3] - 78.14 g/t Au and 12.66 g/t Ag over 3.31 meters from drill hole RM-DDH12-11 [3]. Future Plans - The company plans to conduct an extensive underground sampling and drilling program to better understand and expand the delineation of high-grade vein resources [5]. - Initial work will involve compiling existing data, detailed underground mapping, and prioritizing targets for further exploration [5]. Geological Setting - The Vetas project is located within a favorable geological setting, characterized by a mix of Proterozoic gneiss, Triassic-Jurassic granitoids, and Cretaceous sedimentary rocks [12]. - The area has a long history of gold mining, with modern exploration initiated in 2009 [4][12]. Quality Control - Previous operators implemented industry-standard quality control procedures during drilling, including the use of certified control samples and duplicates to ensure analytical accuracy [6][10].
Legendary Investor Muddy Waters Is Making a Rare Bullish Bet on This Gold Stock. Should You Buy It Too?
Yahoo Finance· 2025-12-05 20:28
Core Viewpoint - Activist short-seller Carson Block has taken a bullish position on Snowline Gold, believing it has made a significant discovery in the Yukon territory of Canada [1] Company Overview - Snowline Gold is a Vancouver-based gold exploration and development company focused on district-scale gold systems in the Selwyn Basin of Yukon Territory, Canada [3] - The company's flagship asset is the Rogue Project's Valley deposit, which has an estimated 8 million ounces of gold [2][3] Market Position and Performance - Snowline Gold has a market capitalization of $1.63 billion [4] - The stock has experienced significant growth, gaining 217% over the past 52 weeks and 82.2% over the past six months, with a recent 52-week high of $12.36 [5] - However, the stock is trading at a high valuation, with a price-to-book ratio of 17.37 compared to the industry average of 2.07 [6] Financial Activities - In August, Snowline announced a "bought deal" agreement to offer 8,888,900 common shares through Canaccord Genuity Corp. and BMO Capital Markets [7]
Allied Gold Reports Significant Exploration Advancements at Kurmuk
Globenewswire· 2025-11-27 12:30
Core Viewpoint - Allied Gold Corporation is advancing its exploration and development activities at the Kurmuk mine in western Ethiopia, emphasizing the potential for significant mineral resource growth and production capacity expansion [1][2]. Exploration Program and Highlights - The Kurmuk mine is located within the Arabian-Nubian Shield, approximately 500 kilometers from Addis Ababa, and is expected to start operations in mid-2026, targeting an average production of approximately 290,000 gold ounces per annum over the first four years at All-In Sustaining Costs (AISC) below $950 per ounce [2][3]. - Initial Proven and Probable Mineral Reserves are estimated at 2.7 million ounces, with Measured and Indicated Mineral Resources at 3.1 million ounces [3][19]. - The five-year exploration goal aims to increase Mineral Resources to 5 million ounces, with a target of adding over 1.5 million ounces in addition to the current inventory [3][18]. Drilling and Resource Expansion - Recent drilling activities have focused on infill drilling at Dish Mountain and exploration of Northern Prospects, with significant intersections of gold mineralization reported [5][24]. - The exploration plan includes expanding existing Mineral Resources near Ashashire and Dish Mountain, with a focus on higher-grade zones [4][8]. - The company aims to extend the mine life to a minimum of 15 years and sustain higher production levels beyond the initial four years [8][19]. Target Areas and Future Plans - Key target areas include Ashashire, Tsenge, Dul Mountain, and Urchin, with specific three- to five-year targets set for each area [9][66]. - The exploration program has identified over five additional target areas with known gold mineralization, which could contribute to future Mineral Resources and Reserves [20][71]. - A drone magnetic survey and deep-penetrating IP surveys are planned to further define the extents of the mineralized systems [27][20]. Technical Discussion - The current Mineral Reserves at Ashashire and Dish Mountain total 2.74 million ounces at a grade of 1.41 g/t Au, while Measured and Indicated Mineral Resources total 3.12 million ounces at 1.68 g/t Au [19][22]. - Gold mineralization is primarily hosted in quartz-carbonate-pyrite veins associated with sheared lithological contacts, with visible gold occurrences noted at several deposits [22][33]. Summary of Recent Drilling Results - Significant drill results include multiple intersections at Dish Mountain and Tsenge, with grades exceeding reserve grades in some areas [10][12][14]. - The exploration results indicate a high prospectivity for the land package, with ongoing work expected to enhance the mineral inventory [18][21].
Lake Victoria Gold Announces Q3-2025 Exploration Update from Barrick on Tembo Area Licenses
Newsfile· 2025-11-24 08:01
Core Insights - Lake Victoria Gold Ltd. (LVG) provided an update on Q3 2025 exploration activities conducted on licenses sold to Bulyanhulu Gold Mine Limited, a joint venture between Barrick Mining Corporation and the Government of Tanzania [1][2] Exploration Activities - Bulyanhulu advanced its exploration program to refine geological models and evaluate the potential for discovering new mineralized systems within the Tembo Inlier portfolio [2] - Key activities included the completion of a GAIP geophysical survey and the initiation of aircore drilling [3] Financial Overview - As of September 30, 2025, cumulative project expenditures reached US$6,659,397 out of a proposed US$9,000,000 under the Asset Purchase Agreement (APA) [4] Drilling Progress - Bulyanhulu completed 94 line-km of GAIP surveying, with results being integrated into updated structural interpretations [5] - A geochemical aircore drilling program commenced at the Enze target, with 19 holes totaling 419m completed out of a planned 945-hole, 30,750m program [5] - Planning for diamond and RC drilling along the Itetemia trend is underway, focusing on identifying potential repetitions of the Reef 1 and Reef 2 horizons [5] Strategic Context - Under the APA, LVG may receive up to US$45 million in contingent payments from Barrick, contingent on future discoveries or resource thresholds on the licenses [6] Management Insights - Management expressed confidence in the systematic approach taken by Barrick to unlock the Tembo geology, highlighting the potential for significant discoveries [7] - The ongoing progress at Tembo is seen as reinforcing the long-term potential of this strategic asset [7] Future Plans - Bulyanhulu plans to continue aircore drilling through Q4 2025, with diamond and RC drilling programs expected to be completed in the same quarter [10]