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Prismo Metals Closes Strategic Transaction with Blade Resources
Thenewswire· 2026-03-05 23:40
Core Viewpoint - Prismo Metals Inc. has successfully completed a transaction with Blade Resources Inc., transferring its rights in the Hot Breccia copper project to Blade, while retaining a significant stake in Blade [1][10][12]. Transaction Details - Prismo received 6,755,000 common shares of Blade and a cash payment of $185,000, making it the largest single shareholder with approximately 24% ownership [10][12]. - The transaction is expected to enhance Prismo's access to capital for the Hot Breccia drill program without diluting its shareholders [12][17]. Drilling Update at Silver King - The first drill hole at the Silver King project reached a depth of 477 feet (145 meters) and successfully intersected mineralized zones, confirming the presence of silver minerals [3][5]. - The current drilling program is fully funded and aims to test the upper portion of the mineralized body, with an initial estimate of 1,000 meters of diamond drilling planned [3][5]. - The second drill hole is currently at a depth of 155 feet, with further drilling anticipated to explore deeper levels and adjacent areas [3][5]. Geological Context - The Silver King and Magma Mines share a similar geological framework, with Silver King featuring silver-dominant veins and potential for deeper copper mineralization [6][5]. - The mineralization at Silver King is characterized by epithermal-mesothermal silver veins, contrasting with Magma's copper-focused deposits, indicating potential for polymetallic extensions [6][5]. Strategic Focus - The company will concentrate on advancing its remaining projects in Arizona, specifically Silver King and Ripsey Gold, while Blade focuses on the Hot Breccia project [17]. - Prismo has the right to nominate a representative to Blade's board and has participation rights in future equity offerings to maintain its ownership percentage [17][12].
Bold Ventures secures new claims near Joutel Property in Canada
Yahoo Finance· 2026-03-02 12:01
Core Viewpoint - Bold Ventures has agreed to acquire six mining claims adjacent to its Joutel Property in Quebec, Canada, enhancing its exploration potential for various minerals [1][2]. Group 1: Acquisition Details - The acquisition involves the issuance of 750,000 common shares of Bold to 2099840 Ontario, operating as Emerald Geological Services (EGS) [1]. - The transaction is classified as a related party transaction but is exempt from certain valuation and approval requirements due to its market value being below 25% of Bold's market capitalization [4]. Group 2: Exploration Potential - The newly acquired claims are significant due to the presence of versatile time-domain electromagnetic (VTEM) anomalies identified in a 2012 survey, which are believed to be prospective for nickel, copper, zinc, gold, and silver [2]. - Historical diamond drill results in anomalous area 3B show promising mineral intercepts, including 0.83% nickel over 3.7 meters and 0.51 grams per tonne gold over 3.05 meters [3]. Group 3: Project Development - The acquisition consolidates Bold's Joutel project into a land package of 58 claims covering 3,217 hectares, associated with numerous geophysical anomalies linked to known mineralization [5]. - A ground geophysical survey is anticipated this winter to better define these anomalies ahead of drilling [5].
Bold Ventures Signs Agreement to Acquire 6 Key Claims Contiguous to its Joutel Property, Quebec
TMX Newsfile· 2026-03-01 13:00
Core Viewpoint - Bold Ventures Inc. has signed a Vending Agreement to acquire 6 additional mining claims adjacent to its Joutel Property, enhancing its exploration potential for various metals including Nickel, Copper, Zinc, Gold, and Silver [1][2] Company Overview - Bold Ventures Inc. focuses on exploring Precious, Battery, and Critical Metals in Canada, particularly in active gold and battery metals regions [11] - The company is involved in properties located in the Thunder Bay and Wawa regions of Ontario, as well as the emerging multi-metals district known as the Ring of Fire in Northern Ontario [11] Transaction Details - The acquisition involves the issuance of 750,000 common shares to 2099840 Ontario Inc. (EGS), a related party controlled by insiders of Bold [1][2] - The transaction is subject to approval from the TSX Venture Exchange and is exempt from certain valuation and minority shareholder approval requirements due to its fair market value being below 25% of Bold's market capitalization [2] Exploration Potential - The additional claims cover geophysical anomalies identified in a 2012 VTEM survey, which indicated significant historical drill results, including 0.83% Nickel over 3.7 meters and 0.51 g/t Gold over 3.05 meters [1][6] - The consolidated land package will consist of 58 claims covering 3,217 hectares, with plans for a ground geophysical survey to better define the anomalies before drilling [2][6] Historical Context - The Joutel Property has a history of exploration, with previous work conducted by Bold in 2012, which identified several anomalies associated with known mineralization [6][7] - The area has known deposits within 11 kilometers, including the past-producing Joutel gold mine and other base metal deposits [7]
Endeavour Silver(EXK) - 2025 Q4 - Earnings Call Presentation
2026-02-27 18:00
Growth on the Horizon CORPORATE PRESENTATION FEBRUARY 2026 TSX: EDR | NYSE: EXK TSX: EDR | NYSE: EXK 2 edrsilver.com Cautionary Note Non-IFRS Financial Measures The Company has included certain performance measures that are not defined under International Financial Reporting Standards (IFRS). The Company believes that these measures, in addition to conventional measures prepared in accordance with IFRS, provide investors an improved ability to evaluate the underlying performance of Kolpa. The non-IFRS measu ...
Norsemont Drills 94 meters at 1.26 g/t Au and 109 meters at 1.09 g/t Au Both Holes Starting at Surface
Accessnewswire· 2026-02-24 14:00
Norsemont Drills 94 meters at 1.26 g/t Au and 109 meters at 1.09 g/t Au Both Holes Starting at Surface ELEMENT--[Back to the Newsroom]# Norsemont Drills 94 meters at 1.26 g/t Au and 109 meters at 1.09 g/t Au Both Holes Starting at SurfaceVANCOUVER, BC / [ACCESS Newswire]/ February 24, 2026 / Norsemont Mining Inc. (CSE:NOM)(OTCID:NRRSF)(FWB:LXZ1) ("Norsemont" or the "Company") is pleased to announce precious-metal assay results for three (3) of the Phase 3 drill holes at it's the 100%-owned Choquelimpie high ...
McFarlane secures exploration permit for Juby gold project in Canada
Yahoo Finance· 2025-12-16 09:23
Core Insights - McFarlane Lake Mining has obtained an exploration permit for its Juby gold project in Ontario, Canada, allowing for diamond drilling and related activities, which is a significant step in advancing operations in the Abitibi Greenstone Belt [1][4] - The company plans to implement an expanded drilling program targeting priority areas identified through updated geological modeling and resource assessment, with contracts awarded to two drilling operators [2][4] - Partnerships with local First Nation communities are established to enhance local participation and operational capacity, aiming to strengthen relationships through ongoing project activities [3][4] Company Developments - The exploration permit is considered a key milestone for McFarlane as it prepares for the largest drilling campaign on the property [4] - The total consideration for the acquisition of the Juby gold project from Aris Mining was $22 million (C$30.29 million) [4]
Colibri Resource Commences Drilling at EP Gold Project, Sonora, Mexico
Newsfile· 2025-12-08 14:19
Core Insights - Colibri Resource Corporation has commenced drilling at its EP Gold Project, a 4,766-hectare land package located in the Caborca Gold Belt, Sonora, Mexico, marking a new phase of exploration for the company [1][6] Company Overview - Colibri Resource Corporation is a Canadian junior mining company focused on the acquisition, exploration, and development of precious metal properties in Sonora, Mexico, holding a 100% interest in the EP Gold Project and a 49% joint venture interest in the Pilar Gold & Silver Project [7][8] Strategic Positioning - The EP Gold Project is strategically located within and adjacent to the extensive concession holdings of Fresnillo plc, the world's largest primary silver producer and Mexico's leading gold producer, highlighting the geological significance of the region [2][5] Regional Mining Environment - The Caborca Gold Belt is recognized for its robust mineral endowment and has a long history of gold and silver production, supported by well-developed infrastructure and active exploration projects from major companies like Fresnillo plc, Southern Copper Corporation, and Alamos Gold Inc. [4][5] Management Commentary - The commencement of drilling is viewed as a significant catalyst for the company, with management expressing confidence in advancing the EP Gold Project and appreciating the support from shareholders and community partners [6]
LUCA MINING CORP. REPORTS THIRD QUARTER 2025 RESULTS
Prnewswire· 2025-11-18 12:00
Core Insights - Luca Mining Corp reported significant year-over-year growth in production and revenue for Q3 2025, with a positive net free cash flow of $5.3 million for the first nine months of the year, despite heavy investments in development and exploration [1][2][4] Financial Performance - Revenue for Q3 2025 reached $35.0 million, reflecting a 94% increase compared to the prior year, driven by higher sales volumes and increased precious metal prices (gold +28%, silver +18%) [3][4] - Adjusted EBITDA for the quarter was $4.3 million, with year-to-date adjusted net earnings of $12.8 million, indicating improved operational performance [3][4] Production Highlights - Consolidated tonnes milled increased to 250,807, a 66% rise from the previous year, with notable production increases in gold (51%), silver (97%), zinc (78%), lead (81%), and copper (43%) [3][4] - Campo Morado produced approximately 30.2 million zinc-equivalent pounds, a 75% year-over-year increase, with cash costs decreasing to $1.09 per payable ZnEq pound, a 14% reduction [6][7] - Tahuehueto achieved a record of 969 tonnes milled per day, with total gold-equivalent production up 74% year-over-year [10][12] Development and Exploration - The company invested $8.7 million in sustaining capital during the quarter, totaling $19.0 million year-to-date, to enhance underground development and exploration drilling [3][4] - A major three-year exploration program worth $25 million has been committed, aimed at unlocking new gold resources at both Campo Morado and Tahuehueto [4][18] Future Outlook - The company anticipates entering higher-grade areas in both mines, which is expected to drive increased production, improved recoveries, and lower unit costs through year-end [16][18] - Full-year net free cash flow is now expected to be between $5 million and $10 million, revised down from initial estimates due to additional capital investments and lower-than-expected output [18]
Grid Battery Announces the Completion of the First Phase of its 2025 Fall Exploration Program for its British Columbia Gold-Copper Property
Thenewswire· 2025-09-17 11:30
Core Viewpoint - Grid Battery Metals Inc. has completed the first phase of its fall exploration program in British Columbia, focusing on gold and copper exploration in a region known for its mining potential [1][5][7]. Company Overview - Grid Battery Metals Inc. is a Canadian exploration company listed on the TSX Venture Exchange, primarily focused on high-value battery metals for the electric vehicle market [15]. - The company has acquired a 100% interest in 17 mineral claims covering approximately 27,525 hectares (about 275 km²) in North Central British Columbia [9]. Exploration Program - The initial exploration program was conducted on two of the five claim blocks, specifically the Jupiter and Starlight blocks, involving assaying, trenching, sampling, and geophysics [7]. - The exploration program aims to follow up on previous work and includes geochemistry across untested magnetic features, with detailed soil sampling and mapping planned for eight targeted areas [7]. Regional Context - The exploration area is strategically located near several promising projects, including NorthWest Copper Corp.'s Kwanika project, which intercepted 400 meters of 1.01% copper equivalent [5]. - The Mount Milligan mine, operated by Centerra Gold, has produced over 1.8 million ounces of gold and 742 million pounds of copper, highlighting the area's mining potential [10]. Historical Exploration Insights - Historical data indicates that the area has been minimally explored, with some recorded results showing anomalous gold levels in stream sediment sampling [11]. - The region is characterized by geological features conducive to porphyry copper-gold deposits, with significant occurrences along the Pinchi Fault [11][12]. Recent Developments - The company has dropped the Volt Canyon Lithium property from its exploration portfolio due to access difficulties and average initial sampling results [13]. - The Texas Springs Property, another asset, has shown promising lithium grades, with a Phase 1 exploration program yielding average lithium grades of 2010 ppm [16].
LUCA ACQUIRES KEY MINING CONCESSION ADJACENT TO TAHUEHUETO MINE
Prnewswire· 2025-08-28 13:00
Core Viewpoint - Luca Mining Corp. has successfully acquired a 100% interest in the Humaya 3 mining concession, which is adjacent to its Tahuehueto Mine in Durango, Mexico, for a cash price of US$400,000, thereby expanding its land position by over 25% to approximately 10,000 hectares [1][2][3]. Company Overview - Luca Mining Corp. is a Canadian mining company operating two wholly owned mines in the Sierra Madre mineralized belt in Mexico, producing gold, copper, zinc, silver, and lead, with strong cash flow and significant development potential [5]. - The Campo Morado Mine features VMS-style polymetallic mineralization and covers 121 square kilometers, producing various metals including zinc and copper [6]. - The Tahuehueto Mine spans 100 square kilometers and is focused on epithermal gold and silver vein-style mineralization, currently in commercial production after successful mill commissioning [7]. Acquisition Details - The Humaya 3 mining concession covers 2,507 hectares and is free from any underlying NSR royalties, enhancing the exploration potential of the Tahuehueto Mine [2][3]. - The acquisition aligns with the company's growth strategy, aiming to increase shareholder value through exploration and discovery programs [3]. Exploration Potential - The newly acquired concession is geologically interpreted to extend known mineral veins, particularly the Santiago vein, which is a high-priority drill target for ongoing exploration efforts [3].