Reno, Nevada, Oct. 06, 2025 (GLOBE NEWSWIRE) -- Nevada Canyon Gold Corp. (OTCQX: NGLD) (the “Company” or “Nevada Canyon”) is pleased to announce the release of additional drill results from the 2025 reverse circulation (“RC”) drill program on the Lapon Canyon Gold Project, (the “Project” or “Lapon Canyon”), by Walker River Resources Corp (TSX-V:WRR) (“Walker River Resources”) (see WRR New Release dated October 6, 2025). Lapon Canyon is located within the prolific Walker Lane gold trend in Nevada, 40 miles s ...

Group 1 - Gold Port Corporation has selected Jaisingh's Equipment Rental for the construction of road access to the Groete Gold Copper Project, which involves approximately 13 kilometers of dirt road access along with bridge and drainage construction [1] - The completion of site access will allow the company to deploy its new MP Power track mounted core rig to initiate the drill program [1] - Gold Port Corporation is focused on enhancing the NI 43-101 gold deposit at the Groete Project, aiming for a higher-grade lower tonnage resource [2] Group 2 - The Groete Project was last explored in 2012, resulting in an Inferred Mineral Resource of 1.57 million gold equivalent ounces within 74 million tonnes, at a grade of 0.66 grams per tonne gold equivalent [2] - The calculation of the Inferred Mineral Resource used a cut-off grade of 0.25 gold equivalent grams per tonne, with gold priced at US$1,275 per ounce and copper at US$3.00 per pound [2] - Detailed information regarding the Mineral Resource is available in a National Instrument 43-101 report by P&E Mining Consultants Inc., dated April 16, 2019 [2]

Core Insights - Pacific Ridge Exploration Ltd. has provided a drilling update for its Kliyul and RDP copper-gold projects located in British Columbia's Golden Horseshoe [1] - The drilling program aims to expand resources and confirm mineralization at both projects [1] Drilling Highlights - At Kliyul, two drill holes totaling 1,287 meters were completed, focusing on infill and resource expansion at the Kliyul Main Zone, which has an Inferred Mineral Resource of 334.1 million tonnes grading 0.33% copper equivalent [4][8] - At RDP, five drill holes totaling 2,156 meters were completed, targeting the Day area, which previously returned significant results, including a 107.2-meter interval grading 1.39% CuEq [4][8] Kliyul Project Details - The first drill hole KLI-25-070 tested a 130-meter gap and intersected chalcopyrite and bornite mineralization [9] - The second drill hole KLI-25-071 confirmed extensions of copper-gold mineralization within the resource estimate pit shell [10] RDP Project Details - The 2025 drill program at RDP focused on confirming the geometry of the porphyry Cu-Au-Ag mineralization [17] - Drill hole RDP-25-011 extended mineralization to the north of RDP-22-005 by at least 50 meters, with mineralization still open [19] - RDP-25-012 and RDP-25-013 confirmed the tabular geometry of the mineralization, with copper-sulphide mineralization intersected to a vertical depth of 500 meters [22] Company Overview - Pacific Ridge aims to become a leading copper exploration company in British Columbia, with Kliyul as its flagship project [28] - The company also holds several other copper-gold projects in the region, including RDP, Chuchi, Onjo, and Redton [28]

Core Viewpoint - Canter Resources Corp. has announced a non-brokered private placement to raise up to $1,050,000 through the issuance of units priced at $0.20 each, aimed at advancing its lithium-boron projects in the U.S. [1][3] Group 1: Private Placement Details - The private placement will consist of up to 5,250,000 units, each unit comprising one common share and one-half of a transferable common share purchase warrant [1] - Each whole warrant will be exercisable to purchase one additional share at a price of $0.26 for two years from issuance [1] - The placement is arranged with strategic investors under 12-month lockup agreements [2] Group 2: Use of Proceeds - The net proceeds from the private placement will be utilized to advance the Columbus Lithium-Boron Project and the Railroad Valley Lithium-Boron Project, evaluate additional projects, and for general working capital [3] Group 3: Company Overview - Canter Resources Corp. is focused on lithium-boron exploration in the U.S., specifically advancing its Columbus and Railroad Valley projects in Nevada [4] - The company is employing a phased drilling approach to test brine targets for lithium-boron enrichment [4] - Canter aims to leverage its critical metals targeting database to develop a portfolio of high-quality projects supporting technology and clean energy supply chains in North America [4]

Core Viewpoint - Callinex Mines Inc. has established a wholly-owned subsidiary, Osawi Gold Corp., to focus on advancing its gold projects in Manitoba, specifically the Gossan Hill and Island Lake Gold Projects, while maintaining its core operations in base and precious metals [2][3][17]. Group 1: Company Strategy - The formation of Osawi Gold Corp. aims to maximize the value of Callinex's high-grade gold exploration assets in Manitoba [3][17]. - The company intends to explore strategic initiatives that will enhance shareholder value without dilution [17]. - Osawi Gold Corp. is positioned to capitalize on the current and foreseeable gold market, creating prosperity for stakeholders [3][17]. Group 2: Gossan Hill Gold Project - The Gossan Hill Gold Project spans 2,935 hectares and includes the historic Gurney Gold Mine, which produced 25,164 ounces of gold at an average grade of 8.64 g/t from 1937 to 1939 [4][8]. - The project features a high silver-to-gold ratio of 2.86:1, indicating potential for significant silver production alongside gold [4]. - Historical drilling results show promising gold mineralization, with multiple gold zones identified within quartz veining along a 5km shear zone [6][8]. Group 3: Island Lake Gold Project - The Island Lake Gold Project covers approximately 40,000 hectares and has a significant potential for high-grade gold discovery [11]. - The project includes the historic Ministik deposit, which has a reported historic resource of 166,439 ounces of gold at a grade of 0.39 oz/ton (13.37 g/t) [13]. - There has been no exploration on the main vein of the Ministik deposit since 1987, indicating potential for future resource development [12][18]. Group 4: Community Engagement - Osawi Gold Corp. is committed to building a working relationship with the Garden Hill First Nation, emphasizing respect and alignment with community values [15][16]. - The company prioritizes responsible stewardship and aims to ensure that exploration activities align with the rights and aspirations of the First Nations [16].

Core Viewpoint - Galiano Gold Inc. has reported significant high-grade mineralization results from its ongoing Phase 2 drilling program at the Abore project, indicating potential for resource expansion and exploration success [3][4][10]. Group 1: Drilling Program Overview - The Phase 2 drilling program at Abore is approximately 75% complete, targeting mineralization below the current Mineral Reserve and Resource, with a strike length of about 1,600 meters [4][5]. - The program is expected to achieve around 10,000 meters of drilling across 40 holes, with complete assays received for 31 holes to date [5][16]. - Drilling has progressed under budget and ahead of schedule, demonstrating operational efficiency [5]. Group 2: High-Grade Mineralization Results - Significant intercepts include 23 meters at 6.8 grams per tonne (g/t) gold from hole ABDD25-388 and 44.8 meters at 2.0 g/t from hole ABPC25-368 [8][12][23]. - The high-grade zone at the south end of Abore Main pit has been confirmed to extend over at least 400 meters, with notable intercepts such as 30.6 meters at 2.9 g/t from hole ABPC25-380 [10][11]. - Multiple high-grade ore shoots have been identified, including a new zone discovered approximately 75 meters below the Abore Mineral Resource under Abore North pit [12][18]. Group 3: Future Exploration and Development Plans - The company plans to expand its drilling campaign into 2026 to increase drill density and grow Inferred and Indicated Mineral Resources [17]. - Key areas of interest include the 'saddle' zone connecting Abore South and Main pits, which presents opportunities for mine optimization [18]. - The exploration team is well-equipped to execute the aggressive drilling strategy, supported by sufficient funding and skilled personnel [19]. Group 4: Current Mineral Resources - The Abore project currently has Measured and Indicated Mineral Resources of 638,000 ounces at 1.24 g/t gold and Inferred Mineral Resources of 78,000 ounces at 1.17 g/t gold, as of December 31, 2024 [20]. - The geology of Abore is characterized by a sedimentary sequence intruded by granite, with mineralization primarily hosted in quartz vein areas along the granite/sediment contact [21].

Core Insights - First Majestic Silver Corp. announced positive exploration results from its ongoing drilling program at the San Dimas Silver/Gold Mine in Durango, Mexico, highlighting the potential for new mineral resource discoveries [1][2] - The exploration program aims to discover new veins, expand mineral resources, and upgrade inferred mineral resources to indicated mineral resources [1][2] Drilling Highlights - Significant gold and silver mineralization was intersected in multiple veins, including the Sinaloa-Elia, Roberta, Santa Teresa, and Coronado veins [3][4] - Notable drill hole intersections include: - ELI25X-1: 3.57 m at 15.93 g/t Au and 1,112 g/t Ag - SIN25X-5: 5.17 m at 7.66 g/t Au and 495 g/t Ag - ELI25X-17: 1.06 m at 23.70 g/t Au and 578 g/t Ag - STE25X-20: 2.53 m at 9.65 g/t Au and 121 g/t Ag - ROT25X-10: 1.52 m at 6.40 g/t Au and 472 g/t Ag - COR25X-2: 2.12 m at 2.59 g/t Au and 327 g/t Ag [3][7][11] Resource Conversion and Expansion - Drilling at the Sinaloa-Elia veins confirmed the presence of mineralization below historically mined areas and successfully converted inferred mineral resources to indicated mineral resources [4][5] - The Roberta vein's expansionary drilling explored untested up-dip mineralization continuity outside current inferred mineral resources [5][6] - The Coronado vein represents a significant new target for gold and silver, with early drilling intersecting high-grade mineralization and remaining open for approximately 1 kilometer to the west [9][11] Company Overview - First Majestic operates four producing underground mines in Mexico, including the San Dimas Silver/Gold Mine, and has a portfolio of development and exploration assets [24]

Core Insights - Eloro Resources Ltd. has announced significant assay results from the first five drill holes of its definition drilling program at the Santa Barbara zone of the Iska Iska silver-tin polymetallic project in Bolivia, indicating an expansion of higher-grade tin and silver mineralization [3][4][6]. Drilling Program Details - A total of 2,871.4 meters of diamond drilling has been completed in the first five holes, with assays pending for three additional holes totaling 1,413.90 meters [3]. - The drilling program aims to define the mineral resource in the potential starter pit area, which is open laterally and downdip, suggesting further potential for resource expansion [4][6]. Significant Assay Results - Hole DSB-78 intersected a higher-grade tin zone grading 0.40% Sn over 79.50 meters, including a section of 0.89% Sn over 16.50 meters [5][8]. - Hole DSB-79 revealed higher-grade silver grading 52.73 g/t Ag over 43.50 meters, with notable intersections of tin as well [5][9]. - Hole DSB-83, located 135 meters northeast of DSB-72, intersected multiple significant silver and tin intervals, including 39.43 g/t Ag over 31.50 meters and 0.39% Sn over 49.50 meters [13][16]. Mineralization Characteristics - The mineralization is primarily hosted in intrusion breccia and is characterized by visible coarse and medium-grained cassiterite, which is likely amenable to multi-gravity separation [7][10]. - The current drilling has upgraded and expanded the mineralization, highlighting the potential for additional higher-grade resources in the defined area [6][10]. Project Background - The Iska Iska project is a major silver-tin polymetallic porphyry-epithermal complex located in the Potosi Department of Bolivia, with significant historical mineralization similar to other major deposits in the region [24][25]. - Eloro has an option to earn a 100% interest in the Iska Iska property, which is road-accessible and royalty-free [24][40].

Core Viewpoint - Gold Port Corporation has successfully renewed its claim group for the Groete Gold Copper Project, which is at an advanced exploration stage and includes a NI 43-101 gold copper resource [1][3]. Group 1: Project Details - The Groete Gold Copper Project covers a total area of 1,384 hectares and is located 10 kilometers from the Essequibo River, a significant transportation route in Guyana [1][2]. - The project requires the completion of road access to facilitate future drilling programs, with management currently reviewing proposals for road construction [2]. Group 2: Resource Information - The last exploration of the Groete Project occurred in 2012, resulting in an Inferred Mineral Resource of 1.57 million gold equivalent ounces within 74 million tonnes, at a grade of 0.66 grams per tonne gold equivalent [3]. - The calculation of the Inferred Mineral Resource utilized a cut-off grade of 0.25 gold equivalent grams per tonne, with gold priced at US$1,275 per ounce and copper at US$3.00 per pound [3]. Group 3: Company Overview - Gold Port Corporation is focused on the exploration and development of the Groete Gold Project, aiming to enhance the defined NI 43-101 gold deposit to a higher-grade lower tonnage resource [3].

Core Viewpoint - LaFleur Minerals is progressing towards restarting the Beacon Gold Mill and conducting a Preliminary Economic Assessment (PEA) for the Swanson Gold Project, aiming for production by early 2026 [1][5][7]. Group 1: Beacon Gold Mill Restart - The Beacon Gold Mill, a fully permitted facility with a capacity of 750 tonnes per day, underwent over C$20 million in repairs and refurbishments prior to acquisition in Fall 2024 [5][7]. - A comprehensive mill restart plan includes approximately C$3.8 million for equipment and maintenance improvements, and C$1.8 million for tailings storage facility repairs [5]. - The mill has no outstanding royalties or encumbrances, enhancing its financial viability [5]. Group 2: Swanson Gold Project - The Swanson Gold Project covers 166 km² and contains an Indicated Mineral Resource of 2,113,000 tonnes at an average grade of 1.8 g/t gold, equating to 123,400 ounces of contained gold [3]. - An Inferred Mineral Resource Estimate of 872,000 tonnes at an average grade of 2.3 g/t gold is also present, amounting to 64,500 ounces of contained gold [3]. - The company plans to conduct a minimum 5,000-metre diamond drilling program at Swanson, focusing on four primary target areas [1][10]. Group 3: Market Context and Financial Strategy - Current gold prices are around USD$3,300 per ounce, prompting the company to capitalize on this market rally [5][7]. - The company is in discussions with various groups to finance the restart of the Beacon Gold Mill using mineralized material from the Swanson Gold Deposit [8][10]. - A bulk sample of up to 100,000 tonnes from the Swanson Gold Deposit is being planned for testing at the Beacon Mill [10]. Group 4: Future Plans and Investor Engagement - The company is organizing a site visit for prospective investors and analysts in July 2025 to showcase the Beacon Gold Mill and Swanson Gold Project [8]. - The CEO emphasized the strategic importance of the current year for restarting production and increasing mineral resources at Swanson [7].