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Gelum Plans Acquisition of Las Tinajas Gold Project, Northern Maricunga Belt, Chile
TMX Newsfile· 2026-02-27 22:40
Core Viewpoint - Gelum Resources Ltd. has entered into a letter of intent to acquire a 100% interest in the Las Tinajas Gold Project, which spans 2,600 hectares in the Maricunga Gold Belt, Chile, marking a significant step in the company's corporate development and positioning it as a premier gold exploration company focused on South America [1][2]. Acquisition Details - The Las Tinajas Gold Project is located 120 km northeast of Copiapó, Chile, within the Maricunga Gold Belt, which contains a total of 103 million ounces of gold [1][2]. - The acquisition will involve a total consideration of USD 9 million, with a structured payment plan over four years, including a minimum work commitment of 4,000 meters of drilling [12][13]. Geological and Exploration Highlights - The Las Tinajas project features gold mineralization associated with silicified porphyry intrusions and diatreme breccias, with significant historical drilling results indicating intervals of over 1 g/t gold [2][4]. - Historical drilling campaigns have revealed multiple significant gold intervals, including 43 meters of 1.18 g/t Au and 26 meters of 2.09 g/t Au [9]. - The project area has not been fully explored, with potential for expanding known mineralized centers and testing favorable geological contacts [2][4]. Upcoming Work Program - Gelum plans a two-phase work program to validate historical data and expand surface exploration, followed by drilling to define mineralization and complete a maiden NI 43-101 mineral resource estimate [7]. - Preliminary metallurgical work will also be initiated on representative mineralized samples to establish recovery parameters [7]. Management and Corporate Strategy - Gelum's CEO, Henk Van Alphen, emphasized that the acquisition of Las Tinajas will significantly enhance shareholder value and transform the company into a leading gold exploration entity [2]. - The company is led by experienced management and advisors in the mining and financial sectors, indicating a strong foundation for future growth [16].
Pirate Gold Announces Initial High-Grade Results and Discovery of New Zone at Treasure Island
TMX Newsfile· 2026-02-27 13:00
Initial six drill holes along the Moosehead Eastern and Western trends confirm the high-grade nature of the vein structures, with five of six holes intersecting 5.6 - 51.2 g/t AuRegional Geophysical Target yields significant new zone with intervals of gold mineralization along a 77 meter down hole lengthEpisode 6 of Pirate Gold Treasure Hunters now airing: https://youtu.be/PB5bb8rB72sSt. John's, Newfoundland and Labrador--(Newsfile Corp. - February 27, 2026) - Pirate Gold Corp. (TSXV: YARR) (OTCQB: SICNF) ...
Ongwe expands Namibia’s Omatjete gold project area by 42%
Yahoo Finance· 2026-02-25 10:05
Core Insights - Ongwe Minerals has expanded its Omatjete project area in Namibia by 42% through the acquisition of additional licences, securing a 90% stake in the EPL7400 licence and applying for the EPL11268 licence [1][2] Group 1: Project Expansion - The acquisition includes a 90% equity interest in Fallout Investments, which holds full ownership of the EPL7400 licence covering 36,600 hectares [1] - The EPL11268 licence application spans 8,200 hectares and is pending approval from Namibia's Ministry of Industries Mines and Energy [2] - The additional licences enable Ongwe Minerals to control 50km of strike along the Okondeka Fault Zone, which includes the Kokoseb deposit and the newly identified Manga Gold Prospect [2] Group 2: Geological Insights - Recent structural analysis has revealed new geological features, including the Okakongo Fault System, which may serve as conduits for hydrothermal gold-bearing fluids [3] - The Okakongo Fault System is located within the Swakop Sedimentary Group, known for hosting Namibian gold deposits [3] - Multiple granitic intrusions within the fault system enhance its structural complexity and prospectivity, drawing parallels with significant local gold discoveries [4] Group 3: Exploration and Development - Initial surface exploration has identified the Manga Gold Prospect, characterized by a footprint of 4.5km × 1km with gold presence in soil samples [5] - Preliminary drilling has indicated the existence of gold within the bedrock, with ongoing efforts to delineate the extent of Manga's strike along the Okondeka Fault Zone [6] - In addition to Omatjete, Ongwe Minerals is developing two other main projects in Namibia, including the Khorixas Project, which encompasses 154,000 hectares and features the Belmont Prospect [6][7]
Onyx Gold Named to the 2026 TSX Venture 50 Following Transformational Year of Discovery and Growth
TMX Newsfile· 2026-02-19 14:00
Core Insights - Onyx Gold Corp. has been recognized in the 2026 TSX Venture 50, highlighting its strong performance over the past year [1][2]. Performance Metrics - The TSX Venture 50 ranks companies based on one-year share price appreciation, market capitalization growth, and Canadian consolidated trading value [2]. - In 2025, Onyx achieved a 641% increase in share price and a 1,202% growth in market capitalization, alongside a significant increase in trading liquidity [11]. Company Highlights - The recognition follows a transformative year for Onyx, driven by the high-grade Argus North discovery at the Munro-Croesus Project and continued drilling success [2][3]. - The company is focused on advancing its high-grade gold projects in Timmins, Ontario, and Yukon Territory, with a strong balance sheet and expanding drill programs [3][4]. Project Overview - Onyx Gold controls the Munro-Croesus Property, which includes the historic high-grade Croesus Mine and the recent Argus North discovery [6]. - The company also holds two large early-stage projects: Golden Mile and Timmins South, which are strategically positioned for exploration [6]. - In Yukon, Onyx has a commanding land position across four properties in the Selwyn Basin, an area gaining recognition for new gold discoveries [7]. Leadership and Strategy - Onyx is led by an experienced team committed to delivering shareholder value through disciplined exploration and strategic growth [8].
Lighthouse Gold to Commence Phase One Exploration Program at Aurora NW Project, Guyana
Thenewswire· 2026-02-18 13:30
Core Viewpoint - Lighthouse Gold Inc. is advancing its maiden exploration program at the Aurora NW Project in Guyana, focusing on evaluating the gold potential of the property [1][5]. Project Overview - The Company has entered into a definitive option agreement to acquire a 100% interest in the Aurora NW Project, which consists of four Prospecting Permits Medium Scale totaling approximately 4,799 acres (1,942 hectares) [2]. - The property is located within the Cuyuni greenstone belt, a geologically prospective area known for gold mineralization [3]. Location and Proximity - The Aurora NW Project is situated approximately three kilometers from the Aurora Gold Mine concessions and seven kilometers from the Aurora Gold Mine, the largest active gold mine in Guyana, operated by Zijin Mining Group Corporation [4]. Exploration Program Details - The Phase I exploration program aims to identify and prioritize mineralized corridors and generate drill-ready targets, with plans for trenching, geophysical surveys, and drilling later in the exploration season [5]. - The program includes the compilation and reinterpretation of historical data, geological mapping, geochemistry surveys, and soil sampling of identified priority targets [7]. Management Approach - The Company is taking a disciplined and technically driven approach to the exploration, with a focus on defining the structural framework extending into its property and outlining geochemical and geological targets [6]. - Lighthouse Gold is also considering additional acquisitions in the surrounding area to consolidate its position within the fertile Guyanese greenstone belt [6].
Avanti Gold Announces Mobilisation of Drill Rigs to the Misisi Project in the DRC
TMX Newsfile· 2026-02-17 11:00
Core Viewpoint - Avanti Gold Corp. is mobilizing four drill rigs to the Misisi Project site in the Democratic Republic of Congo (DRC) following a contract with Simba DRC Mining Services, aiming to enhance exploration efforts in 2026 [2][3]. Drilling Operations - Four drill rigs, including three diamond drill rigs and one multi-purpose rig, are being transported from Mwanza, Tanzania, and are expected to arrive at the Misisi Project site by the end of February 2026 [2][9]. - The 2026 exploration program will consist of approximately 42,000 meters of drilling, divided into two phases: Phase 1 will cover 15,000 meters and Phase 2 will cover 27,000 meters [5][9]. Phase 1 Exploration Program - The Phase 1 program, set to commence in March 2026, will focus on resource extensions at the Akyanga deposit and resource delineation at the Akyanga East deposit [9][11]. - The drilling targets for Phase 1 include 12,500 meters at Akyanga (83% of the total) and 2,500 meters at Akyanga East (17% of the total) [6]. Phase 2 Exploration Program - The Phase 2 program, expected to start in August 2026, will target approximately 27,000 meters of drilling across Akyanga and other high-priority targets such as Ngalula, Lubitchako, Tulonge, and Kilombwe [7][9]. - Drilling at Akyanga in Phase 2 will focus on in-fill drilling to convert Inferred resources to Indicated status [9]. Management Appointments - Avanti has appointed three key management personnel to support its exploration program: Avos Bashizi as Exploration Manager, Saleh Lwinda as Security & HSE Manager, and Ntamba Aly Papou as Logistics and Administration Manager, all bringing significant experience in the DRC [4][10]. Assay Results - Assay results from 2,100 meters of historic diamond core drilling at the Akyanga deposit are currently being processed and are expected to be published in the coming weeks [8][9]. Company Overview - Avanti Gold Corp. focuses on gold exploration, with its flagship asset being the Misisi Project, which includes the Akyanga gold deposit with an Inferred Mineral Resource of 44.3 million tonnes at an average grade of 2.37 grams per tonne, totaling 3.1 million ounces of gold [14].
Pirate Gold Initiates Project Scale Geophysical Surveys and Provides Project Updates
TMX Newsfile· 2026-02-13 14:33
Core Insights - Pirate Gold Corp. has initiated two project-scale airborne geophysical surveys at its Treasure Island Project, which spans over 90 km along the Valentine Lake Fault Zone in Newfoundland, Canada's newest gold district [1][2]. Exploration and Drilling Updates - The exploration at the Treasure Island Project is progressing rapidly, with ongoing drilling at Moosehead revealing visible gold and new discoveries [2]. - The company has received drill permits for the Crippleback Lake and Stony Lake areas, allowing for exploration beyond the Moosehead footprint and targeting high-priority regional sites [2][18]. - A comprehensive understanding of the district-scale potential at Treasure Island is being developed, marking 2026 as a significant year for the company [2]. Geophysical Programs - High-resolution airborne magnetic surveys are being conducted at Treasure Island North and electromagnetic/magnetic surveys at Treasure Island South, covering approximately 69,500 hectares and 54,500 hectares respectively [6][7]. - The surveys aim to enhance structural interpretation beneath glacial till and generate new drill targets across the property [2][7]. Drilling Program Details - Two diamond drills are currently active at the Treasure Island Project, with a third expected to mobilize soon, focusing on expanding known mineralized zones and testing regional targets [8]. - Initial visual observations from drill holes indicate significant mineralization, including quartz veins and various sulfide minerals [10][9]. Mineral Claims and Agreements - The company has expanded its mineral licenses by acquiring six additional claims covering 150 hectares [17]. - An agreement has been made with Newfoundland Gold Retriever Corp. for a 100% interest in a mineral license, involving a cash payment and share issuance [17]. Media and Public Engagement - Episode 5 of "Pirate Gold Treasure Hunters" is currently airing, highlighting the ongoing drilling campaign and the discoveries made at the Moosehead site [14][15].
Ongwe Minerals Announces Listing and Commencement of Trading on the TSX Venture Exchange Under "OGW"
Globenewswire· 2026-02-12 17:11
Core Viewpoint - Ongwe Minerals Inc. has commenced trading on the TSX Venture Exchange under the symbol "OGW" following a successful reverse takeover transaction with Lotus Gold Corporation and a concurrent financing of $4.85 million, marking a significant milestone for the company [1][2]. Group 1: Company Developments - The trading commencement represents the culmination of Ongwe's transformational reverse takeover (RTO), name change, and share consolidation, positioning the company with a strong balance sheet [2][3]. - Ongwe's flagship assets include the Khorixas Gold Project and the Eastern Desert Gold Project, both located in a highly prospective gold belt in Namibia, with two significant discoveries already delineated [3][4]. - The company is entering an active exploration phase with drill rigs mobilized in Namibia, aiming to create meaningful value for shareholders [3][4]. Group 2: Leadership and Strategy - CEO Dave Underwood emphasized that the listing on the TSX Venture Exchange is a defining moment for Ongwe, reflecting years of dedication and investor confidence in the company's vision [4]. - The company is focused on executing its strategy to deliver the next major discovery, backed by a strong management team and capital markets support [4][5]. - Ongwe is committed to disciplined exploration, responsible development, and transparent engagement with shareholders as it advances its growth strategy in Namibia [5].
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].
Golden Cariboo Resources Ltd. Launches New Corporate Website to Highlight Cariboo Gold District Exploration; Engages Interactive Offers to Expand Digital Marketing Reach
Thenewswire· 2026-02-11 18:25
Core Viewpoint - Golden Cariboo Resources Ltd. has launched a redesigned corporate website to enhance access to project information and updates related to its Quesnelle Gold Quartz Mine property in British Columbia's Cariboo Gold District [1] Group 1: Website Launch - The new website features improved navigation, updated technical content, and expanded investor resources, reflecting the company's ongoing drilling and trenching programs across its 94,899-hectare land package [1] - The platform aims to better communicate Golden Cariboo's geological thesis, exploration results, and strategic position within a historic gold-producing region [1] Group 2: Marketing Initiatives - In conjunction with the website launch, the company has engaged Interactive Offers, a digital marketing platform, to support online awareness initiatives and broaden distribution of corporate updates [2] - Interactive Offers will implement targeted digital campaigns to increase visibility among retail and institutional investors [2][3] Group 3: Company Overview - Golden Cariboo Resources Ltd. is focused on rediscovering the Cariboo Gold Rush through targeted drilling and trenching programs on its Quesnelle Gold Quartz Mine property, which is adjacent to Osisko Development [5] - The property is located along a favorable corridor adjacent to the Spanish and Eureka thrust faults, covering an area of 94,899 hectares (234,501 acres) [5] - Historically, over 101 placer gold creeks along a 90-kilometer (56-mile) trend have recorded production, with successful placer mining continuing to this day [5] Group 4: Geological Context - The Quesnelle Gold Quartz Mine property is 4 kilometers (2.5 miles) northeast of Hixon, British Columbia, and includes the Quesnelle Quartz gold-silver deposit discovered in 1865 [6] - The geological setting of the gold mineralization at the property shows strong similarities with the Spanish Mountain gold deposit, which is considered part of the epizonal orogenic subclass of gold deposits [6]