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Omai Gold Drills 3.08 g/t Au over 25.8m, 6.84 g/t Au over 9.5m, and 1.52 g/t Au over 37.5m at Wenot Deposit; Provides Update on Deep Hole Beneath Wenot Deposit
Newsfile· 2025-09-24 11:47
Omai Gold Drills 3.08 g/t Au over 25.8m, 6.84 g/t Au over 9.5m, and 1.52 g/t Au over 37.5m at Wenot Deposit; Provides Update on Deep Hole Beneath Wenot DepositSeptember 24, 2025 7:47 AM EDT | Source: Omai Gold Mines Corp.Toronto, Ontario--(Newsfile Corp. - September 24, 2025) - Omai Gold Mines Corp. (TSXV: OMG) (OTCQB: OMGGF) ("Omai Gold" or the "Company") is pleased to announce additional assay results from the ongoing 2025 drill program on its 100% owned Omai Gold Project in Guyana, South Am ...
Zacatecas Silver Closes First Tranche of Private Placement
Globenewswire· 2025-09-24 02:18
Core Points - Zacatecas Silver Corp. has closed the first tranche of its private placement financing, issuing 38,449,335 units at $0.06 per unit, resulting in gross proceeds of $2,306,960 [1] - The company plans to complete the final tranche by September 29, 2025 [1] Financing Details - Each unit consists of one common share and one common share purchase warrant, with warrants exercisable at $0.10 per share for two years [2] - The company can accelerate the expiry date of the warrants if the share price exceeds $0.20 for 20 consecutive trading days [2] - Finders fees of $113,297.19 were paid, and 1,888,286 non-transferable finders share purchase warrants were issued [3] Use of Proceeds - Proceeds from the offering will fund a drilling campaign on the Zacatecas Silver Project, strategic initiatives, and working capital [4] Related Party Transaction - A holding corporation of the CEO subscribed for 500,000 units for $30,000, which is considered a related party transaction [5] Company Overview - Zacatecas Silver Corp. has two key projects: the Esperanza Gold Project and the Zacatecas Silver Project, both located in Mexico [6] - The Esperanza project has a measured and indicated mineral resource estimate of 30.5 million tonnes at 0.97 g/t AuEq, totaling 956 thousand ounces AuEq [7] - The Zacatecas Silver Project is located in the Fresnillo silver belt, with a mineral resource estimate of 2.7 million tonnes at 187 g/t AgEq, totaling 16.4 million ounces AgEq [8]
Equity Metals Reports Shallow Extensions of the No. 3 Vein to the Northwest of Historic Workings, Silver Queen Property, BC
Newsfile· 2025-09-23 13:30
Equity Metals Reports Shallow Extensions of the No. 3 Vein to the Northwest of Historic Workings, Silver Queen Property, BCSeptember 23, 2025 9:30 AM EDT | Source: Equity Metals CorporationVancouver, British Columbia--(Newsfile Corp. - September 23, 2025) - Equity Metals Corporation (TSXV: EQTY) ("Equity") reports new precious and base metal assays from the Summer '25 drill program on its 100% owned Silver Queen Au-Ag project, British Columbia, which continue to extend the lateral projection o ...
Thunder Gold Announces Fully Funded Phase Three Drill Program at Tower Mountain
Newsfile· 2025-09-23 11:30
Core Viewpoint - Thunder Gold Corp. has announced a fully funded Phase Three drill program at its Tower Mountain Gold Property, which is expected to enhance resource definition and exploration potential in a favorable market environment for gold [1][6][9]. Group 1: Drill Program Details - The Phase Three drill program is set to begin on October 1, 2025, with a total of 2,000 meters planned, focusing approximately 70% on infill drilling along the 1,800-meter western contact of the Tower Mountain Intrusive Complex (TMIC) [9]. - The program aims to close gaps in drill coverage, strengthen geological confidence, and move towards an initial Mineral Resource Estimate (MRE) for the western contact of the TMIC [5][9]. - Significant results from the Phase Two drilling have validated the continuity of mineralization and demonstrated strong potential for expanding the mineralization footprint [9][10]. Group 2: Geological Insights - The 3738-Target area has been tested with seven holes, indicating a weight-averaged grade of 0.93 g/t Au over an average downhole interval of 77.0 meters [7]. - The A-Target has shown a weight-averaged grade of 1.29 g/t Au over an average interval length of 22.7 meters, with significant results indicating sub-vertical continuity of mineralization [12]. - The Phase Three program will include additional holes to further explore the down dip continuation of the A-Target and the 3738-Target [13][14]. Group 3: Market Context and Strategic Positioning - With gold prices at multi-year highs, the company is well-positioned to accelerate resource definition while exploring the broader TMIC perimeter [6][9]. - The strategy focuses on establishing a robust, near-surface, open-pittable resource that could serve as a foundation for future mining operations, while also preserving the potential for systematic discovery across the 2,500-hectare property [6][9]. - The Tower Mountain Gold Property is strategically located near existing infrastructure, enhancing its attractiveness for future development [20][21].
Renforth Attending Munich Mining Conference, Company Update
Thenewswire· 2025-09-22 12:00
Core Points - Renforth Resources Inc. will participate in the Munich Mining Conference on October 3rd and 4th, presenting on October 4th at 10 am local time, with 109 companies and over 1,000 investors expected to attend [1] - The company is advancing its maiden Mineral Resource Estimate (MRE) for the Victoria mineralized system, aiming to declare a nickel polymetallic resource over approximately 2.5 km of the drilled strike within a 20 km long structure, with the estimate release anticipated in the fall [2] - New detailed geophysical data has been obtained covering areas near the Beaupré discovery and a portion of the Parbec gold deposit, which includes nearly half of the Cadillac Break and Pontiac sediments, and this data is being integrated into project evaluations [3]
Kodiak Completes Shallow Infill Drilling at West and South Zones, Initial Resource Estimate Underway
Newsfile· 2025-09-22 10:00
Core Viewpoint - Kodiak Copper Corp. has reported positive results from its summer 2025 drilling program at the MPD copper-gold porphyry project, indicating strong mineralization at the West and South Zones, which is expected to contribute to an initial resource estimate by Q4 2025 [1][3][4]. Group 1: Drilling Results - The summer 2025 drill program included 10 diamond drill holes totaling 1,173 meters at the West Zone and three holes totaling 232 meters at the South Zone [1][4]. - Significant intersections at the West Zone include AXE-25-009, which showed 2.11 g/t Au, 0.21% Cu, and 1.20 g/t Ag over 7 meters, and AXE-25-006, which reported 0.41% Cu, 0.15 g/t Au, and 0.90 g/t Ag over 21 meters [4][12]. - The South Zone drilling confirmed near-surface mineralization over approximately 350 meters, suggesting potential for further expansion [4][11]. Group 2: Future Prospects - The results from the 2025 drilling will be utilized to develop a Resource Estimate for the West, South, and Adit Zones, with the initial Mineral Resource Estimate planned for Q4 2025 [4][17]. - The West Zone remains open in several directions, indicating further exploration potential [4][9]. - The company anticipates that the positive drill results will enhance the economic viability of the MPD project [3][4]. Group 3: Company Overview - Kodiak Copper is focused on its 100% owned copper porphyry projects in Canada and the USA, with the MPD project being its most advanced asset located in a historically productive mining district [17]. - The company has outlined seven substantial mineralized zones across the MPD property, with ongoing exploration aimed at expanding known zones and identifying new targets [17][18].
Pacific Ridge Announces Filing of NI 43-101 Technical Report for Kliyul Copper-Gold Project
Newsfile· 2025-09-18 20:31
Core Viewpoint - Pacific Ridge Exploration Ltd. has filed an independent technical report for the Kliyul copper-gold project, supporting the initial mineral resource estimate for the Kliyul Main Zone, which is part of a larger porphyry copper-gold trend in British Columbia [1][2]. Summary by Sections Mineral Resource Estimate - The Kliyul Main Zone (KMZ) hosts 334.1 million tonnes grading 0.33% copper equivalent (CuEq), 0.15% copper, 0.26 g/t gold, and 0.95 g/t silver in the Inferred Mineral Resource category [2][3]. - KMZ contains 2.42 billion pounds of CuEq, which includes 1.11 billion pounds of copper, 2.74 million ounces of gold, and 10.22 million ounces of silver in the Inferred Mineral Resource category [2]. Geological Context - KMZ is one of several target areas within a six-kilometre long porphyry copper-gold trend characterized by favorable geology, geochemistry, alteration, and geophysics [3]. - Mineralization at KMZ remains open for expansion both within and beyond the resource reporting shell used to restrict the resource model [3]. Drilling Activities - The company completed two drill holes totaling 1,287 metres at KMZ in 2025, focusing on infill and resource expansion, with assays pending [4][21]. - Since 2020, the company has invested over $15 million and drilled more than 20,000 metres at Kliyul [13]. Historical Drilling Results - The best drilling result in 2021 was 316.7 metres of 0.79% CuEq within 566.7 metres of 0.51% CuEq [13]. - The best drilling result in 2022 was 328.0 metres of 0.64% CuEq within 526 metres of 0.49% CuEq [21]. - The best drilling result in 2023 was 305.5 metres of 0.59% CuEq within 540.3 metres of 0.44% CuEq [21]. Project Infrastructure - Kliyul is over 90 km² in size and is located in the prolific Quesnel terrane, close to existing infrastructure, approximately 8 km from the Omineca Resource Road and a 230 kV high-voltage power line [13]. Company Overview - Pacific Ridge aims to become British Columbia's leading copper exploration company, with Kliyul as its flagship project, alongside other projects including RDP, Chuchi, Onjo, and Redton [24].
NevGold Announces Updated Open-Pit, Heap-Leach Gold Mineral Resource Including 1,186,000 ozs Indicated and 548,000 ozs Inferred At Nutmeg Mountain in Idaho
Globenewswire· 2025-09-18 12:00
Core Viewpoint - NevGold Corp. announced an updated Mineral Resource Estimate (MRE) for the Nutmeg Mountain gold project in Idaho, highlighting the project's quality and growth potential in a favorable mining jurisdiction [1][3]. Summary by Relevant Sections Mineral Resource Estimate - The updated MRE indicates a total of 1.19 million ounces of Indicated Resources at a grade of 0.50 g/t Au and 548,000 ounces of Inferred Resources at a grade of 0.34 g/t Au [5]. - Compared to the 2023 MRE, the indicated tonnage increased by over 18% and inferred tonnage increased by over 100% [5]. - The mineralization starts at surface with a low strip ratio expected to be less than 1:1, which is advantageous for an open-pit, oxide, heap-leach gold project [5]. Project Details - Nutmeg Mountain is located in southwest Idaho, covering approximately 1,724 hectares, and consists of 210 federal unpatented claims, 12 patented claims, and 2 private leases [12]. - The project has a total of 940 drill holes, amounting to over 71,625 meters of drilling [12]. Future Plans - The company plans to conduct further metallurgical testwork and advance to a Preliminary Economic Assessment (PEA) to progress the project [5][14]. - High-priority drill targets have been identified for future exploration, focusing on both surface and deeper mineralization [14]. Geology and Mineralization - The Nutmeg Mountain deposit is characterized as a low-sulphidation epithermal gold deposit, with significant mineralization associated with hydrothermal brecciation and veining [15][16]. - The Main Zone contains the majority of the gold resources, with potential for vertical expansion through deeper drilling [17]. Environmental and Governance Initiatives - The company is exploring alternative energy sources such as geothermal, solar, and wind power to reduce the carbon footprint of the project [23]. Technical Reporting - A technical report on the updated MRE will be prepared in accordance with NI 43-101 standards and will be available on the company's website and SEDAR+ within 45 days of the announcement [26].
Ero Copper Intercepts 115 Meters at 0.98% CuEq¹ in Deepest Hole Drilled to Date at Furnas Copper-Gold Project – Phase 2 Drill Program to be Completed in Early Q4 2025
Globenewswire· 2025-09-18 11:00
Core Insights - Ero Copper Corp. has announced the completion of its 28,000-meter Phase 1 drill program at the Furnas Copper-Gold Project, revealing high-grade continuity and significant extensions of mineralization to a depth of approximately 950 meters [1][2][4] - The results from the Phase 1 program are expected to serve as a foundation for an updated NI 43-101 compliant mineral resource estimate and a preliminary economic assessment (PEA) scheduled for completion in the first half of 2026 [4][30] Drill Program Highlights - The Phase 1 drill program has confirmed high-grade mineralization continuity and extended known limits of mineralization well beyond previous estimates, with a maximum localized down-dip depth of 580 meters [2][4] - Eight drill rigs are currently operational on-site, with the Phase 2 drill program expected to complete 17,000 meters ahead of schedule in early Q4 2025 [3][4] Mineral Resource Estimates - The initial NI 43-101 compliant mineral resource estimate, effective June 30, 2024, includes: - Indicated Mineral Resource: 35.2 million tonnes grading 1.04% copper and 0.69 grams per tonne gold (1.36% CuEq) [10] - Inferred Mineral Resource: 61.3 million tonnes grading 1.06% copper and 0.63 grams per tonne gold (1.36% CuEq) [10] - The mineral resource estimate is based on approximately 90,000 meters of historical drilling and highlights the project's significant potential [8][10] Project Location and Infrastructure - The Furnas Copper-Gold Project is located in the Carajás Mineral Province in Pará State, Brazil, approximately 50 kilometers southeast of Vale Base Metals' Salobo operations [6][31] - The project covers an area of approximately 2,400 hectares and is situated near extensive regional infrastructure, including paved roads and a power substation [6] Strategic Partnerships - In July 2024, Ero Copper signed an earn-in agreement with Salobo Metais S.A., a subsidiary of Vale Base Metals, to acquire a 60% interest in the project upon meeting specific exploration and development milestones [7][31]
Cygnus reports a 78% increase in M&I resource at its Chibougamau Copper-Gold Project
Globenewswire· 2025-09-17 00:42
Core Viewpoint - Cygnus Metals Limited has announced a significant increase in the Mineral Resource Estimate (MRE) for the Chibougamau Copper-Gold Project, highlighting substantial growth potential and a favorable market environment for copper projects [2][4][10]. Group 1: Resource Growth - The global Measured & Indicated Mineral Resource (M&I) is now estimated at 6.4 million tonnes (Mt) at 3.0% Copper Equivalent (CuEq), containing 193,000 tonnes (kt) CuEq, and an Inferred Mineral Resource of 8.5 Mt at 3.5% CuEq, containing 295 kt CuEq [4][14]. - The M&I resources have increased by 78% since the last estimate, providing a strong foundation for updated economic studies [4][22]. - The initial high-grade resource at the new Golden Eye deposit includes 91,000 ounces (koz) at 5.6 grams per tonne (g/t) AuEq in the Indicated category and 182 koz at 4.6 g/t AuEq in the Inferred category [4][7]. Group 2: Economic Potential - The updated MRE will support an updated Scoping Study/Preliminary Economic Assessment (PEA), which is expected to enhance the project's economics by incorporating current commodity prices and costs [10][22]. - The Chibougamau Project benefits from established infrastructure, including a 900,000 tonnes per annum (ktpa) processing facility, which is the only base metal processing facility within a 250 km radius [10][21]. - The project has demonstrated excellent metallurgy with recoveries of up to 98.2%, producing high-quality copper concentrate [4][10]. Group 3: Exploration and Development Strategy - Cygnus has completed 17,183 meters of drilling since acquiring the Chibougamau Project, with ongoing drilling expected to further increase the resource base [6][26]. - The company is utilizing an AI-driven solution for compiling historic drill logs and maps, which has proven effective in identifying new drill targets [8][21]. - Future drilling will focus on known deposits and extensions to known mineralization, aiming to unlock the potential of this historic district through low-risk exploration [21][22].