VANCOUVER, British Columbia, Nov. 04, 2025 (GLOBE NEWSWIRE) -- Newcore Gold Ltd. ("Newcore" or the "Company") (TSX-V: NCAU, OTCQX: NCAUF) is pleased to announce additional drill results from the 45,000-metre drill program underway at the Company’s 100% owned Enchi Gold Project ("Enchi" or the "Project") in Ghana. Shallow Reverse Circulation ("RC") drilling at the Kwakyekrom Gold Deposit ("Kwakyekrom") intersected multiple zones of near-surface gold mineralization, including hole KKRC099 which intersected 1. ...

Core Insights - Fortuna Mining Corp. has reported successful exploration drilling results at the Sunbird Deposit, located at the Séguéla Mine in Côte d'Ivoire, indicating potential for resource growth and mine life extension [1][2]. Drilling Results - Recent drilling has extended high-grade mineralization at depth, confirming the development of a second underground shoot [1][2]. - Significant intersections include: - 5.2 g/t Au over an estimated true width of 6.3 meters from 787 meters in drill hole SGRD2460 [2]. - 6.0 g/t Au over an estimated true width of 11.9 meters from 669 meters in drill hole SGRD2461 [2][5]. - 7.3 g/t Au over an estimated true width of 16.1 meters from 688 meters in drill hole SGRD2434 [3]. - 19.2 g/t Au over an estimated true width of 1.4 meters from 688 meters in drill hole SGRD2434 [3]. - 57.9 g/t Au over an estimated true width of 0.7 meters from 702 meters in drill hole SGRD2434 [3]. - A total of 40 drill holes, totaling 15,088 meters, have been completed as part of the underground resource confidence infill and extension program [3][4]. Mineralization Potential - The mineralization remains open at depth and along strike, with ongoing drilling expected to continue through the end of 2025 [6]. - The main shoot's mineralization now extends more than 1.3 kilometers down plunge, approximately 700 meters below the surface [4]. - The second high-grade shoot has been identified extending at least 900 meters down plunge from the pit base [5]. Future Plans - An underground study has been initiated to further assess the high-grade strike defined below Sunbird, with five drill rigs continuing to advance drilling efforts [2][4].

Core Viewpoint - Fortuna Mining Corp. has reported successful exploration drilling results at the Sunbird Deposit in Côte d'Ivoire, indicating potential for resource growth and mine life extension through the discovery of high-grade mineralization at depth and the development of a second underground shoot [1][2]. Exploration Results - Recent drilling has extended the central mineralized zone by 150 meters down plunge, with significant intersections including 5.2 g/t Au over 6.3 meters from 787 meters in drill hole SGRD2460 [2][4]. - The lower shoot has been extended by 200 meters down plunge, with highlights including 6.0 g/t Au over 11.9 meters from 669 meters in drill hole SGRD2461 [2][5]. - A total of 40 drill holes, amounting to 15,088 meters, have been completed as part of the underground resource confidence infill and extension program [3]. High-Grade Intersections - Notable drill results include: - SGRD2434: 7.3 g/t Au over 16.1 meters from 688 meters, including 19.2 g/t Au over 1.4 meters [3]. - SGRD2444: 8.3 g/t Au over 11.9 meters from 448 meters [3]. - SGRD2452: 9.0 g/t Au over 5.6 meters from 658 meters, including 25.0 g/t Au over 1.4 meters [3]. - SGRD2460: 5.2 g/t Au over 6.3 meters from 787 meters [4]. - SGRD2461: 6.0 g/t Au over 11.9 meters from 669 meters [5]. - SGRD2470: 15.6 g/t Au over 5.6 meters from 483 meters [3]. Future Plans - The company has initiated an underground study to further assess the high-grade mineralization, with five drill rigs continuing to advance drilling aimed at expanding the mineralized envelope [2][5].

Core Viewpoint - Cygnus Metals Limited has reported significant exploration results from its Chibougamau Copper-Gold Project, indicating a strong potential for resource growth and development, particularly at the Cedar Bay and Corner Bay deposits [3][5][10]. Group 1: Exploration Results - The first drill hole at Cedar Bay returned a wide interval of 10.6m at 4.1g/t AuEq, including high-grade gold up to 29.1g/t AuEq [1][7]. - The Cedar Bay mine, historically a high-grade gold-rich site, remains open for further exploration, with current drilling targeting down plunge continuity [4][6]. - Additional results from Corner Bay include 3.1m at 4.9% CuEq, highlighting the potential for resource expansion in this flagship deposit [9]. Group 2: Resource Growth - Cygnus has increased its global resource by 29%, with the current Mineral Resource Estimate totaling 6.4Mt at 3.0% CuEq for 193kt CuEq (Measured & Indicated) and 8.5Mt at 3.5% CuEq for 295kt CuEq (Inferred) [3][6][30]. - The Cedar Bay resource contains 67koz at 8.1g/t AuEq (Indicated) and 205koz at 7.8g/t AuEq (Inferred), indicating significant growth potential [8][30]. Group 3: Infrastructure and Development - The Chibougamau area has established infrastructure, including a 900 ktpa processing facility, sealed highway, airport, and regional rail, providing a significant advantage for development [11]. - The processing facility is the only base metal processing site within a 250km radius, enhancing its strategic importance for future operations [11]. Group 4: Future Plans - The company is focused on continuing its exploration strategy to drive resource growth and conversion, aiming to advance the project towards development [10][15]. - Cygnus is utilizing innovative AI solutions to identify additional drill targets based on historical data, which is expected to unlock further potential in the region [6][10].

Summary of Cerrado Gold Conference Call Company Overview - **Company Name**: Cerrado Gold - **Stock Symbols**: CRDOF (OTCQX), CERT (TSXV) - **Main Operations**: Minera Don Nicolás in Santa Cruz, Argentina Key Points and Arguments Financial Performance - Investment of approximately **$40 million** in assets and a **$40 million** reduction in debt during the year [2][8] - Current cash balance of **$15 million**, expected to increase to between **$20 million and $25 million** by year-end [8] - Projected free cash flow of about **$50 million** at current prices [9][31] Production and Operations - **Minera Don Nicolás** produces an average of **55,000 ounces** of gold per year at an All-In Sustaining Cost (AISC) of about **$1,700** [2][4] - Ongoing surface exploration program of **20,000 meters** for the current year, with plans to increase to **50,000 meters** next year [4][5] - Underground development initiated to access higher-grade material, with expectations of profitable ounces starting in **November-December** [5][6] Project Development - **Lagoa Salgada** project in Portugal transitioning to a focus on precious metals, with expectations of **40%** precious metals based on feasibility pricing [6][23] - Anticipated completion of feasibility study for Lagoa Salgada by the end of the year, with construction expected to begin in the **third quarter of 2026** [24][38] - **Mont Sorcier** project in Quebec, a high-purity iron ore project, with feasibility expected by **2Q2026** [3][8] Market Position and Growth Potential - The company aims to maintain a **five-year production profile** at Minera Don Nicolás, with ongoing initiatives to demonstrate this by year-end [4][13] - Potential to grow production significantly, with a focus on underground resources that could enhance cash flow [17][18] - The market for high-purity iron ore is growing at **9-10%** annually, with a premium of about **$35** over conventional iron ore [7][8] Strategic Outlook - The company is positioned to drive cash flow and net asset value (NAV) without diluting shareholders [9][11] - Expected NAV growth from **$111 million** to **$258 million** with the construction of Lagoa Salgada, and up to **$2 billion** with Mont Sorcier [11][12] - Anticipated cash flows of **$75 million** from Lagoa Salgada by late **2027**, and up to **$500 million** by **2030** with Mont Sorcier [11][12] Risks and Considerations - Political risk in Argentina acknowledged, but the company has managed to operate effectively despite challenges [38][39] - The company is well-funded for project development, with minimal expected dilution for shareholders [36][37] Community and Environmental Considerations - Commitment to responsible tailings management and water use, with adherence to global standards [33] Additional Insights - The company has a significant land position of about **330,000 hectares** in Argentina, with much of it still unexplored [15][19] - The potential for substantial resource growth exists, particularly in areas adjacent to successful mining operations [20][21] This summary encapsulates the key points discussed during the conference call, highlighting Cerrado Gold's operational performance, strategic initiatives, and market outlook.

Core Insights - Asante Gold Corporation is focused on extending the mine life at its existing operations, particularly at the Bibiani and Chirano Gold Mines, through near-mine exploration initiatives in 2025 [1][2][3] Chirano Exploration - The company has allocated over $9 million from its $500 million financing initiative to accelerate near-mine exploration at Chirano and Bibiani [2] - Significant drilling results at Obra Underground confirmed the extension of a high-grade mineralized shoot, with the deepest hole returning an intercept of 27.71 meters grading 5.23 g/t Au [4][9] - Drilling at Suraw returned 18.26 meters at 3.60 g/t Au, indicating the area's underexplored potential [4] - The Magnetic Hinge deposit has advanced to the pre-feasibility study stage due to positive drilling results, suggesting a new source of shallow, easily mineable oxide material [5] - A total of 126 holes for 13,561 meters of drilling have been completed year-to-date 2025, representing 43% of the planned drilling for the year [9] Bibiani Exploration - Initial drill testing at the Little Mug and Pamunu prospects confirmed the presence of mineralized shear zones associated with sediments and intrusive host rocks [15][17] - Detailed geological mapping and rock chip sampling have led to the identification of several targets in the Yaro-Bredi Domain and the Asempaneye–Fawoman-SWT domain [16] - A total of 126 holes for 19,271 meters of drilling have been completed year-to-date 2025, with an additional 25,000 meters of RC projected for the first half of 2026 [19] Future Plans - Exploration efforts will continue to focus on upgrading resources, extending mineralized shoots, and identifying new targets at Chirano and Bibiani [7] - Approximately 15,000 meters of drilling is planned for the remainder of 2025 [7]

Core Viewpoint - Asante Gold Corporation is focused on extending the mine life at its existing operations, particularly at the Bibiani and Chirano Gold Mines, through significant exploration efforts and financing initiatives [1][2][3] Chirano Exploration - The company has allocated over $9 million from its $500 million financing initiative to accelerate near-mine exploration at Chirano [2] - Drilling at Obra has confirmed the extension of a high-grade mineralized shoot, with notable intercepts including 27.71 meters grading 5.23 g/t Au [4][9] - The first drill hole at Suraw returned 18.26 meters at 3.60 g/t Au, indicating the area's underexplored potential [4] - A total of 126 holes for 13,561 meters of drilling have been completed year-to-date 2025, representing 43% of the planned drilling for the year [9] Bibiani Exploration - Initial drill testing at the Little Mug and Pamunu prospects has confirmed the presence of mineralized shear zones, indicating successful early-stage discoveries [14][16] - Detailed geological mapping and rock chip sampling have led to the identification of several targets in the Yaro-Bredi Domain and the Asempaneye–Fawoman-SWT domain [15] - A total of 126 holes for 19,271 meters of drilling have been completed year-to-date 2025, with an additional 25,000 meters of RC projected for the first half of 2026 [18] Future Plans - Exploration efforts will continue to focus on upgrading resources, extending mineralized shoots, and identifying new targets at Chirano and Bibiani [7][18] - Approximately 15,000 meters of drilling is planned for the remainder of 2025 [7] - The company is excited about the potential impact of its exploration initiatives on the upcoming NI 43-101 Technical Reports, scheduled for release in April 2026 [4]

Core Insights - Newcore Gold Ltd. has reported significant drill results from its ongoing 35,000-metre drill program at the Enchi Gold Project in Ghana, particularly at the Kojina Hill Gold Target, which has intersected high-grade gold mineralization [1][3][4] - The drilling at Kojina Hill continues to demonstrate the potential for resource growth, with multiple high-grade intervals identified, including 184 grams per tonne gold over 1.0 metre in hole KJRC033 and 3.06 g/t Au over 13.0 metres in hole KJRC034 [1][7][12] - The current drill program aims to convert Inferred Resources to Indicated and to explore deeper mineralization potential, with the first phase focused on resource conversion ahead of a Pre-Feasibility Study [3][15] Drilling Results - The recent drilling results include 7 Reverse Circulation holes totaling 970 metres, with all holes intersecting gold mineralization [1][10] - Notable assay results include: - KJRC033: 184 g/t Au over 1.0 m from 126 m, within a 24-metre contiguous zone of gold mineralization [7][11] - KJRC034: 3.06 g/t Au over 13.0 m from surface, including higher-grade intervals of 8.09 g/t Au over 3.0 m from 2 m [12][13] - The overall drill program has reported that 98.5% of the 207 holes drilled have intersected gold mineralization [1][3] Project Development - The Enchi Gold Project has an Indicated Mineral Resource of 41.7 million tonnes grading 0.55 g/t Au and an Inferred Mineral Resource of 46.6 million tonnes grading 0.65 g/t Au, totaling approximately 1.7 million ounces of gold [19] - The ongoing exploration and development work includes metallurgical testwork, trenching, and environmental studies, aimed at improving the confidence level of the Mineral Resource Estimate [16][24] - The Kojina Hill Gold Target is located within a larger district-scale property that remains open for future resource growth along strike and at depth [17][15]

Core Insights - McEwen Inc. reports continued positive drilling results at the Grey Fox Project, indicating strong gold grades and widths, which support resource growth ahead of an updated estimate expected in October 2025 [1][4][8] Strategic Highlights - The drilling results from the Gibson Expansion Zone and Grey Fox South (GFS) show high-grade veins and broad mineralized zones, with notable grades such as 10.1 g/t over 5.8 m and 4.8 g/t over 14.9 m [3][8] - The updated 3D mineralization model for Grey Fox is anticipated to enhance the resource estimate, with mineralization remaining open and demonstrating strong continuity [4][8] Project Update - The current Grey Fox resource consists of 1,538,000 gold ounces at 3.64 g/t Au Indicated and 458,000 gold ounces at 3.30 g/t Au Inferred, with significant contributions from the Gibson and GFS zones [8][25][23] - Geological similarities with major regional deposits, such as Canadian Malartic, reinforce the growth potential of Grey Fox [4][46] Exploration Outlook - The company aims to increase annual gold output beyond 200,000 ounces and reduce production costs, positioning itself favorably to capitalize on high gold prices [6][8] - The exploration drilling campaigns for 2024 and 2025 are focused on expanding the resource base and upgrading the confidence of the gold resource from Inferred to Indicated [26][27] Upcoming Milestones - An updated resource estimate for Grey Fox is scheduled for release in October 2025, with a Pre-feasibility Study (PFS) anticipated in Q1 2026 [8][28]

Company Overview - Unico Silver (ASX:USL) aims to become a globally significant silver development company with over 300 million ounces of silver equivalent resources[14] - The company completed a $25 million placement to accelerate the development of its silver projects in Argentina[1, 12] - As of June 30, 2025, the company had $12.5 million in cash, excluding the proceeds from the $25 million placement[12] - The pro-forma market capitalization of the company is $177 million (AUD)[12] Resource Base and Exploration - The company has a large resource base of 160 million ounces of silver equivalent (AgEq) Indicated and Inferred resources, including 105 million ounces of silver and 407,000 ounces of gold[21, 22] - The company plans an aggressive drill program of 30,000 meters[21] - The company is targeting an exploration roadmap to over 150 million ounces of pit-constrained free-milling oxide silver mineralization[37] - The PLUS 150 Exploration Target estimates approximately 315 million tonnes grading ~150 g/t AgEq, for a contained silver equivalent range of approximately 123 to 176 million ounces[102] Project Development and Strategy - The company has completed five acquisitions in two years, consolidating a large silver district at a cost of 10c/AgEq oz[21, 22] - The company's immediate plan is to transition from explorer to developer, focusing on "high-value" free-milling silver ounces[29] - A medium-term strategy is in place to unlock value through growth in sulphide resources, enhancing project scale and longevity[29] Market and Location - The company's projects are located in Santa Cruz, Argentina, a pro-mining province with a clear permitting framework[21, 66] - Coeur Mining acquired 49% of Joaquin for USD $60 million in 2012, implying a valuation of $27/AgEqoz[23]