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American Pacific Announces New Geological Discoveries and Target Vectoring in Preparation for Drill Program at Madison Copper-Gold Project in Montana
TMX Newsfile· 2026-02-06 12:00
Core Insights - American Pacific Mining Corp. has announced significant geological observations from its Madison Copper-Gold Project in Montana, enhancing the understanding of the mineralizing system and potential vectors for porphyry and carbonate replacement deposits [1][2]. Geological Observations - Recent fieldwork has focused on maximizing value from short windows of underground access, revealing approximately 150 feet of newly exposed ramp due to lower water levels, which is considered a high-priority target for geological and geochemical work [2]. - The discovery of a well-developed phreatic breccia approximately 700 feet from the portal, containing chalcocite veins and native copper, aligns with the Victoria Pit at surface, indicating a complex hydrothermal system [3]. - The newly mapped breccia geometry strengthens the geological framework that supports the exploration model, providing critical data for refining drill targeting [3][4]. Company Strategy and Future Plans - The CEO of American Pacific Mining emphasized that these discoveries enhance the exploration model ahead of the planned drill program, differentiating the company's technical approach from previous operators [4]. - The company plans to provide further updates as additional geological data are collected and integrated into the broader exploration model for Madison [6]. Company Background - American Pacific Mining Corp. is focused on precious and base metals exploration in the Western United States, with its flagship asset being the 100%-owned Madison Copper-Gold Project [7]. - The company has established a significant equity position in the Palmer Copper-Zinc VMS Project in Alaska and holds several high-grade precious metals projects in Nevada [7].
Hayasa Metals Urasar 2026 Drilling Plan
TMX Newsfile· 2026-02-05 13:30
Core Viewpoint - Hayasa Metals Inc. is advancing its exploration efforts in Armenia, with new mineralized areas identified, ongoing drilling campaigns, and a focus on corporate governance and management changes [1][16]. Prospect Pipeline - The company has identified three new mineralized areas for potential acquisition, with two areas showing anomalous gold-copper and gold-silver mineralization at the surface [2]. - The third area is an extension of an existing exploration permit, which contains historic drilling and surface workings, indicating significant potential for economic mineralization [2]. 2026 Drilling Plan at Urasar - A 500-meter diamond drill hole (UDD-021) was initiated in November 2025 but was abandoned at 235 meters due to challenging ground conditions and impending winter snowfall [3]. - Results from this partially completed hole are expected to be released soon, and new drill targets have been identified for future drilling [4][5]. QA/QC Laboratory Results - Geochemical results from SGS Laboratory for 38 samples from selected mineralized intervals have been received, confirming consistency with initial data from ALS Romania [9]. - This validation enhances confidence in the geochemical data produced by ALS Laboratory, following rigorous QA/QC procedures [9]. Management Comments - The President of Hayasa emphasizes the importance of ongoing office-based activities, including expanding the company's portfolio and engaging with local communities, despite the slow news flow during the exploration season [10]. - The CEO highlights the systematic geophysical and geochemical work completed at Urasar, which supports targeted drilling plans for 2026 [11]. Corporate Governance - Kristina Mishina has been appointed as the new Chief Financial Officer, succeeding Paul Hansed, who retired at the end of 2025 [12][14]. - Mishina brings over a decade of experience in accounting and audit, enhancing the company's financial leadership [13]. Stock Options Grant - The Board of Directors has approved the granting of stock options for 1,150,000 common shares at a price of $0.07 per share, with a vesting schedule outlined [15].
Maxus Mining Unlocks Value at Silver-Rich Quarry Project with Completion of Historical Drillhole Compilation & Analysis of Historical Estimate
Globenewswire· 2026-02-05 13:00
Core Insights - Maxus Mining Inc. has completed a comprehensive compilation of historical drillhole data for its Quarry project in British Columbia, which will aid in upgrading the historic Bullseye Zone estimate to NI 43-101-compliant mineral estimates [1][3] Quarry Project Highlights - The Quarry project demonstrates significant silver, lead, and zinc mineralization based on historical drilling results [3] - The project is strategically located 28 km northwest of Germansen Landing, British Columbia, within favorable carbonate and dolomite breccia host rocks [6] Historical Estimates and Reliability - The historical estimate for the Quarry project is derived from a 1978 report and does not conform to current CIM Definition Standards, meaning it cannot be classified as current mineral resources or reserves [4][14] - Historical drilling results include averages such as 23.6 m of 1.83% Pb, 2.82% Zn, and 56.2 g/t Ag in hole 77-11, and a total of 99,781 tonnes grading 1.42% Pb, 2.24% Zn, and 36.3 g/t Ag [6][10] Work Required for Upgrade - To upgrade and verify the historical estimate, the company will conduct a desktop compilation of historical drill data, confirmatory drilling, specific-gravity testing, and develop a 3D geological model [5] Company Overview - Maxus Mining Inc. is focused on mineral exploration in premier jurisdictions, with a portfolio of approximately 15,098 hectares across British Columbia [15] - The company is advancing multiple projects, including the Flagship Alturas Antimony Project, which has reported high-grade antimony [16]
Ridgeline Minerals Announces Drill Results and Provides Permitting Updates at the Swift Project, Nevada
TMX Newsfile· 2026-02-05 13:00
Core Insights - Ridgeline Minerals Corp. announced final assay results for core hole SW25-008 at the Swift gold project, indicating significant gold mineralization [1][2] - The exploration drill permit for the Swift Plan of Operations has been approved, allowing for advanced exploration activities [2][6] Exploration Results - Drillhole SW25-008 reached a total depth of 1,249.7 meters and intersected 115 meters of gold mineralization ranging from 0.2 to 1.5 grams per tonne (g/t), with a highlight intercept of 5.8 meters grading 1.5 g/t Au within a broader 33.7 meters grading 0.5 g/t Au [2][3] - The results expand the gold footprint at Swift and demonstrate the scale of the target, which is located in a region with multiple existing mines [2][6] Project Development - The approval of the Swift Plan of Operations permit is a significant milestone, allowing for up to 200 acres of exploration disturbance and optimized drill hole locations [2][6] - Nevada Gold Mines (NGM) has committed to a total of US $20 million in qualifying work expenditures for the project, with US $14.48 million already incurred through December 31, 2025, and an additional US $5.52 million planned through December 31, 2026 [2][9] Future Plans - Drilling is expected to begin in late Q1 2026, focusing on testing down-dip and along strike of the known mineralized corridor to target a higher-grade gold zone [6][8] - The 2025 exploration budget has been set at US $5.52 million to satisfy Phase 1 earn-in requirements and drill up to five deep core holes at Swift [6][8]
Viridian Continues to Define Large-Scale, Near-Surface Mineralization at Kraken
Globenewswire· 2026-02-05 12:30
Core Insights - Viridian Metals Inc. has reported final assay results from 17 drill holes completed during its 2025 drilling program at the Kraken Main Zone, confirming significant near-surface sulphide mineralization [1][6][10] Drilling Results - The final assays indicate consistent near-surface sulphide mineralization, extending confirmed mineralization north by 360 meters, with tens of meters of mineralization intersected above the primary target horizon [4][6] - Near-continuous sulphide mineralization has been defined over an area of approximately 600 meters by 200 meters, representing less than 10% of the interpreted 5 km Main Zone [6][11] - Drilling has consistently intersected sulphide mineralization within the lower Michikamau Intrusion and along its basal contact, suggesting a vertically extensive mineralized system [9][10] Future Plans - Planning for an expanded 2026 drilling program is underway, which will include step-outs along the 5-kilometer Main Zone Conductor and deeper holes beneath the strongest conductivity responses [12] Company Overview - Viridian Metals is focused on generative metal exploration with an emphasis on environmental responsibility and ethical practices, primarily targeting copper, nickel, and cobalt [25]
Gold X2 Discovers Two Mineralized Shears on the Deaty Trend Including 17.0m @ 1.23 g/t Au
TMX Newsfile· 2026-02-05 12:00
Core Viewpoint - Gold X2 Mining Inc. has announced positive assay results from its initial drilling program at the Bunker target within the Moss Gold Project, indicating the presence of two mineralized shear zones and the effectiveness of its exploration techniques [1][2][3]. Exploration Results - The Bunker target is located approximately 2 kilometers south of the Moss Gold Deposit, with four scout holes drilled to test one of five prospective targets along the Deaty Trend [3][4]. - The drilling identified two new parallel mineralized structures: the Sand Shear and the Wedge Shear, approximately 250 meters apart [3][10]. - Significant drill intercepts include: - DBD-25-001: 5.6 meters of 2.24 g/t Au from 163.4 meters, including 3.7 meters of 3.28 g/t Au [8][17]. - DBD-25-003: 17.0 meters of 1.23 g/t Au from 21.0 meters, including 8.0 meters of 2.50 g/t Au and 1.45 meters of 12.0 g/t Au [13][17]. Future Plans - The company plans to continue an aggressive exploration program along the Deaty Trend, with additional scout drilling scheduled to begin in Q1 2026 and follow-up drilling at the Bunker target expected in late Q2 2026 [2][16]. Company Overview - Gold X2 Mining is focused on acquiring and advancing primary gold assets in tier-one jurisdictions, with the Moss Gold Project being its primary focus [25]. - The company has invested over $100 million and completed approximately 100,000 meters of drilling at the Moss Gold Project, which has a mineral resource estimate of 2.458 million ounces of Indicated gold resources at 1.04 g/t Au [25].
New Earth Resources Announces Plans for Airborne Geophysics Surveys on its Red Wine Rare Earth Elements Project
Globenewswire· 2026-02-05 08:05
Core Viewpoint - New Earth Resources Corp. has initiated planning for airborne geophysics surveys as part of the preliminary exploration program at its Red Wine Rare Earth Elements project in Newfoundland and Labrador [1]. Group 1: Project Overview - The Red Wine Project spans approximately 1,575 hectares and is located in the Central Mineral Belt of Labrador, primarily underlain by the Red Wine Complex lithologies, which are believed to have high potential for hosting rare earth element (REE) mineralization [4][10]. - The project area has a documented history of REE-bearing minerals and has been the target of exploration programs since the 1970s, revealing multiple discoveries of REE and associated commodities [5][10]. Group 2: Survey Details - The planned airborne geophysics surveys will utilize efficient 50-meter flight lines to gather data on geological characteristics and radioactive element anomalies, specifically uranium (U) and thorium (Th) [2][3]. - The company will conduct a magnetic survey to collect information on geological features and a radiometric survey to explore correlations between radioactive elements and REE target mineralization [3]. Group 3: Company Commitment - The exploration program reflects the company's commitment to advancing the Red Wine Project through systematic, data-driven approaches, aiming to leverage historical data and modern techniques to maximize the project's REE potential [4].
Grizzly Mobilizes IP Crew to the Sappho Critical Minerals Target Greenwood, British Columbia Precious and Battery Metals Project
TMX Newsfile· 2026-02-04 14:00
Core Viewpoint - Grizzly Discoveries Inc. is initiating an Induced Polarization (IP) program at the Sappho Critical Minerals Target in early 2026, following promising results from previous surface sampling and historical drilling, amid rising metal prices for critical minerals [1][3]. Group 1: Exploration and Results - The Sappho area is being targeted for copper-gold skarn and porphyry type deposits, associated with a Jurassic alkalic intrusive complex and younger diorite intrusions [3]. - Five new showings of copper oxide mineralization were discovered during the 2022 program, with significant anomalous results for copper, gold, silver, platinum, and palladium from previous sampling and drilling [3][4]. - Historical drilling in 2010 yielded up to 0.31% Cu, 0.75 g/t Au, 0.34 g/t Pt, 0.39 g/t Pd, and 6.57 g/t Ag over a 6.5 m core length, with higher-grade zones associated with >1% Cu [4]. Group 2: Geological Setting and New Discoveries - The geological setting includes the East Fault Contact of the Toroda Graben, with various intrusions into intermediate-mafic volcanics, influencing mineralization in the area [5]. - Five new sulphide showings were identified in 2022, with four yielding rock grab samples containing >1% Cu, with the highest sample reaching 7.25% Cu [5]. - A total of 17 rock grab samples returned values >1% Cu, with some samples also showing anomalous levels of Au, Ag, Pt, and Pd [5]. Group 3: Future Plans and Ongoing Work - The company plans to conduct three lines of IP before commencing drilling, which is expected to start around mid-February 2026 [1]. - Surface exploration continues in the Greenwood area, with ongoing work including soil and rock sampling across multiple target areas [6]. - Additional groundwork, including geophysical surveys, is planned for the Sappho, Midway, and Motherlode areas [6].
Core Silver Significantly Expands Copper-Molybdenum Footprint at Laverdiere Through Soil Sampling
Accessnewswire· 2026-02-04 13:30
differ materially from those in such forward-looking statements. Risks and uncertainties include that the Company may not, due to environmental, technological and other factors, be successful in expanding the mineralization footprint of the Projects as planned; that the Company may be unable to implement its plans to further explore at the Silver Lime Project and the Laverdiere Project, as applicable; that certain exploration methods, including the Company's proposed exploration model for the Blue Property, ...
Daura Gold Announces Additional High-Grade Surface Sampling Results from Antonella Main Zone & Antonella North: 22.84 g/t Au & 102 g/t Ag (Main Zone) & 7.98 g/t Au & 189 g/t Ag (North)
TMX Newsfile· 2026-02-04 13:30
Core Insights - Daura Gold Corp. announced high-grade surface sampling results from its Antonella Project and the newly discovered Antonella North vein in Ancash, Peru [1][2] Group 1: Project Overview - The Antonella Project is located near Highlander Silver Corp's Bonita Project, within a metallogenic belt known for significant deposits like Antamina and Barrick's Pierina gold mine [2] - The vein system at Antonella is hosted in Tertiary volcanic rocks and is controlled by NW-SE trending faults, with alteration halos up to 40 meters wide [2] Group 2: Sampling Results - High-grade assays were reported from both Antonella main zone and Antonella North, with standout samples including: - Antonella main zone: 22.84 g/t Au & 102 g/t Ag, 7.83 g/t Au & 57.1 g/t Ag, and 1.26 g/t Au & 24.8 g/t Ag [5] - Antonella North: 7.98 g/t Au & 189 g/t Ag, and 3.95 g/t Au & 110 g/t Ag [5] Group 3: Geological Features - The mineralization at both zones is associated with vein-type structures ranging from 0.3 to 1.0 meters in width, with specific trends noted at various sectors [6][9] - Structural interpretation from satellite imagery has identified two distinct corridors, Antonella and Antonella North, each over 5 km long, indicating potential for bonanza-grade precious metal mineralization [10] Group 4: Future Plans - The company plans to continue geological mapping and sampling across the Antonella concessions, pending community permission [12] - Geophysical surveys using magnetometry are planned to further define mineralization structures, alongside ongoing structural targeting and satellite alteration mapping [12]