Mineral Resource Estimate
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Serabi Gold Files NI 43-101 Technical Report for the Palito Complex
Globenewswire· 2025-09-12 09:32
Core Insights - Serabi Gold has filed a detailed Technical Report for its Palito Complex, which includes updated mineral resource and reserve estimates [1][2] - The report is prepared by NCL Ingeniería y Construcción SpA and complies with NI 43-101 standards [2][3] - The Palito Complex is located in Pará State, Brazil, and the company aims to double its production in the coming years [5] Technical Report Details - The Technical Report is titled "Palito Mining Complex, NI 43-101 Technical Report, Pará State, Brazil" and is effective as of March 31, 2025 [1][2] - The report supports the scientific and technical disclosure related to the mineral resource and reserve estimates [1] Company Overview - Serabi Gold plc focuses on gold exploration, development, and production in the Tapajós region of Brazil [5] - The company has consistently produced between 30,000 to 40,000 ounces of gold annually from the Palito Complex [5] - Plans are in place to increase production through the construction of the Coringa Gold project [5] Qualified Persons - The Technical Report has been reviewed and approved by qualified persons under NI 43-101 standards [2][3] - Michael Hodgson, a Director of the Company, has reviewed the scientific and technical information and is recognized as a Qualified Person [10]
G2 Goldfields Announces C$49.5 Million Private Placement
Globenewswire· 2025-09-11 21:40
Core Viewpoint - G2 Goldfields Inc. has announced a non-brokered private placement of up to 15 million common shares at a price of C$3.30 per share, aiming to raise up to C$49.5 million for exploration and development in Guyana [1][2]. Group 1: Offering Details - The Offering is fully subscribed and expected to close in September 2025, pending customary conditions including Toronto Stock Exchange approval [2]. - Insiders are expected to subscribe for 325,000 shares, contributing C$1,072,500 to the gross proceeds [3]. - The Offering qualifies as a "related party transaction" under Multilateral Instrument 61-101, exempting the company from formal valuation and minority shareholder approval due to the participation not exceeding 25% of market capitalization [3]. Group 2: Financial Position and Future Plans - The CEO of G2 Goldfields emphasized that the Offering strengthens the company's financial position ahead of key milestones in Q4 2025, including an updated Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA) [3]. - The company has a legacy of discovering over 10 million ounces of gold in the Guiana Shield and continues to explore the potential of its mineral properties [4]. Group 3: Mineral Resource Estimate Highlights - The updated MRE for the Oko property includes: - 97,200 ounces of gold inferred within 4,976,000 tonnes at 0.61 g/t Au [4]. - 513,500 ounces of gold inferred within 3,473,000 tonnes at 4.60 g/t Au [6]. - 808,000 ounces of gold indicated within 3,147,000 tonnes at 7.98 g/t Au [6]. - 1,024,500 ounces of gold inferred within 12,062,000 tonnes at 2.64 g/t Au [6]. - 663,400 ounces of gold indicated within 10,288,000 tonnes at 2.01 g/t Au [6].
G2 Goldfields Announces C$49.5 Million Private Placement
Globenewswire· 2025-09-11 21:40
Core Viewpoint - G2 Goldfields Inc. has announced a non-brokered private placement of up to 15,000,000 common shares at a price of C$3.30 per share, aiming to raise up to C$49,500,000 for exploration and development in Guyana [1][2]. Group 1: Offering Details - The Offering is fully subscribed and expected to close in September 2025, pending customary conditions including Toronto Stock Exchange approval [2]. - Insiders are expected to subscribe for 325,000 shares, contributing C$1,072,500 to the gross proceeds [3]. - The Offering qualifies as a "related party transaction" under Multilateral Instrument 61-101, exempting the company from formal valuation and minority shareholder approval due to the participation not exceeding 25% of market capitalization [3]. Group 2: Financial Position and Future Plans - The completion of the Offering strengthens the company's financial position ahead of key milestones in Q4 2025, including an updated Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA) [3]. - The confidence of major shareholders highlights the quality of the company's assets and near-term strategy [3]. Group 3: Company Background - G2 Goldfields focuses on finding and developing gold deposits in Guyana, with a history of discovering over 10 million ounces of gold in the Guiana Shield [4]. - The company announced an Updated Mineral Resource Estimate for the Oko property in March 2025, detailing significant inferred and indicated resources [4][6].
Doubleview Gold Corp Announces Important High-Grade Copper and Gold Intercepts at Hat Polymetallic Deposit in Northwestern British Columbia
Newsfile· 2025-09-11 14:08
Core Insights - Doubleview Gold Corp. announced significant assay results from its 2025 drilling program at the Hat Polymetallic Deposit, indicating substantial high-grade copper and gold mineralization [1][5][10] - The recent drilling has expanded the mineralization footprint beyond the area considered in the maiden Mineral Resource Estimate reported on July 25, 2024 [1][5][10] - The drilling program has confirmed the robust mineralization profile of the Hat Deposit, with evidence of both shallow and deep mineralization horizons [2][10] Drilling Results - A total of 12 drill holes have been completed, totaling 8,506 meters (27,906 feet) as of September 11, 2025, with ongoing work [3][5] - Drill hole H090 reported a long interval of 241.8 meters (793.3 feet) with 0.15% CuEq, including 68 meters of 0.30% CuEq [8][9] - Drill hole H091 showed several intervals with elevated levels of CuEq, including 27 meters at 0.58% CuEq and a notable 5.26% CuEq over 1.2 meters [9][10] - Drill hole H092 demonstrated numerous long intervals of high CuEq, extending the zone of higher-grade mineralization to depth [9][10] Mineral Resource Estimate - The results from the recent drill holes will be incorporated into the next Mineral Resource Estimate, which is currently in progress [5][19] - The Hat Deposit is recognized as a significant source of critical minerals, including copper, gold, cobalt, and potential scandium [27][28] Market Context - The company is observing rising prices for key metals such as copper, gold, silver, and scandium, influenced by global market uncertainties and a renewed focus on strategic metals [20] - The mining industry is experiencing active consolidation, as illustrated by the potential merger of Teck Corporation with Anglo-American [20] Company Overview - Doubleview Gold Corp. is focused on identifying, acquiring, and financing precious and base metal exploration projects across North America, with a strong emphasis on British Columbia [25][26] - The company aims to enhance shareholder value through the acquisition and exploration of high-quality projects in critical minerals [25][26]
Nova Pacific Metals Continues to Report Promising Results from Phase 1 Drilling at the Lara VMS Project
Newsfile· 2025-09-11 12:30
Core Insights - Nova Pacific Metals Corp. has reported promising results from its Phase 1 drilling program at the Lara VMS Project, specifically in the Coronation area, with significant assay results indicating potential for mineral resource estimation by Q4 2025 [1][2][4]. Summary of Drill Results - The Phase 1 drilling program consists of 36 holes totaling 8,660 meters, with results from 29 holes (6,342 meters) received so far, while 7 holes (2,228 meters) are still pending [5]. - Notable intersections include: - NP25-039: 5.0 meters grading 0.65 g/t AuEq (1.70% ZnEq) from 183 meters downhole [5]. - NP25-040: 6.0 meters grading 1.42 g/t AuEq (3.56% ZnEq) from 149 meters downhole [5]. - NP25-038, a step-out hole, did not yield significant intervals but showed short intervals enriched in copper, with one interval returning 1.71% Cu over 1 meter from 424.65 meters downhole [8] [5]. Project Development and Future Plans - The company is on track to deliver a mineral resource estimate targeted for Q4 2025, with ongoing compilation and digitization of historical data to evaluate additional mineralized zones across the 17-kilometer land package [4][12]. - The Lara Project encompasses 19 mineral claims covering 47 square kilometers, with a historical dataset of 323 drill holes totaling 58,262 meters of drilling [12][13]. - The exploration strategy includes evaluating other mineralized zones beyond Coronation, utilizing historical data to refine future drilling targets [14][13]. Quality Assurance and Technical Information - All drill core is logged, photographed, and analyzed by ALS Canada Ltd., ensuring adherence to industry-standard practices for quality assurance and quality control [15]. - The scientific and technical information has been reviewed by qualified professionals, ensuring compliance with NI 43-101 standards [16].
Scorpio Gold Reports Maiden Mineral Resource Estimate and Historical Mineral Resource Estimate
Newsfile· 2025-09-11 10:00
Core Insights - Scorpio Gold Corporation announced its Maiden mineral resource estimate (Maiden MRE) for the Manhattan District, which includes 18,343 tonnes grading 1.26 g/t gold, totaling 740,000 ounces of contained gold in the inferred category [2][3][4] - The historical mineral resource estimate (Historical MRE) for certain satellite deposits at Manhattan includes 1,652,325 tonnes grading 5.89 g/t gold, amounting to 303,949 ounces of contained gold [2][3][4] - The Maiden MRE is based on over 92,000 meters of historical drilling and does not yet include any drilling conducted by the company in 2025, indicating significant potential for resource growth [7][9][10] Maiden Mineral Resource Estimate - The Maiden MRE covers the Goldwedge and Manhattan Pit areas and is classified entirely in the inferred category, reflecting only the validation and conversion of legacy data [7][8][9] - The average grade of the Maiden MRE is 1.26 g/t Au at a 0.3 g/t cut-off, which is higher than many other open-pit deposits in Nevada, highlighting Manhattan's potential as a standout project [8][9] - The resource estimate serves as a foundation for ongoing exploration and expansion, with plans for further drilling to delineate and grow the resource base [9][10] Historical Mineral Resource Estimate - The Historical MRE was completed in 1997 and includes estimates from the Black Mammoth, April Fool, Hooligan, Keystone, and Jumbo areas, with a total of 1,652,325 tonnes grading 5.89 g/t gold [2][19][20] - The Historical MRE is not treated as current by the company, as a Qualified Person has not verified the data to classify it as a current resource [19][24][42] - Historical estimates indicate significant past production and resource potential, but further exploration and validation are required to assess economic viability [24][39][42] Exploration and Future Potential - The company aims to build a multi-million-ounce resource at a competitive grade, leveraging the historical data and ongoing drilling efforts [3][4][9] - The Manhattan District has a rich history of gold production, with approximately 700,000 ounces produced historically, and is strategically located near other significant gold mining operations [36][43] - Future exploration will focus on high-grade targets and the potential for larger tonnage envelopes surrounding historical high-grade structures [32][34][35]
Pelangio Exploration Inc. Files NI 43-101 Technical Report for the Mineral Resource Estimate Update on Its Manfo Project and Provides Exploration Update
Newsfile· 2025-09-10 20:30
Core Insights - Pelangio Exploration Inc. has filed an updated independent Mineral Resource Estimate (MRE) for its Manfo Gold Project in Ghana, indicating significant increases in both Indicated and Inferred resources compared to previous estimates [2][5]. Mineral Resource Update - The updated MRE, completed by SEMS Technical Services Ltd., shows a total Indicated resource of 11,787,000 tonnes at an average grade of 1.16 g/t Au, equating to 441,000 ounces of gold, and a total Inferred resource of 16,048,000 tonnes at an average grade of 0.77 g/t Au, equating to 396,000 ounces of gold [4][6]. - The MRE was conducted using a gold price of US$2,600 per ounce, with specific cut-off grades for different mineralization types [4]. Comparison with Previous Estimates - The 2025 MRE represents a 126% increase in total Indicated gold ounces and a 395% increase in total Inferred gold ounces compared to the Maiden pit-constrained MRE, which was based on a gold price of US$1,450 per ounce [5][8]. Exploration Plans - The company plans a staged exploration program with a budget of US$7.6 million, including up to 45,000 meters of drilling, aimed at resource expansion and new discoveries [6][14]. - Exploration programs are currently underway, with high-resolution UAV magnetics and orthophoto surveys nearing completion, and drilling expected to commence in November 2025 [6][14]. Resource Growth Potential - There is significant potential for resource growth, particularly in the Inferred category, with recommendations for further drilling to upgrade resources and explore open-ended mineralization [9][10]. - The addition of the Nkosuo Mining Permit is believed to hold potential for further discoveries, with historical exploration indicating extensions of mineralized structures into the Nkosuo Lease [11].
Canadian Gold Resources Provides Corporate and Project Updates
Newsfile· 2025-09-10 20:05
Core Insights - Canadian Gold Resources Ltd. is advancing its exploration and development activities at the Lac Arsenault Property in Québec, with a focus on validating historical high-grade results and establishing a compliant resource base under NI 43-101 [1][2][3] Exploration and Development Activities - The company has submitted permit applications for its maiden diamond drilling program, which includes 36 drill holes totaling approximately 2,345 meters, aimed at modernizing historical data [2] - Historical work from 1975 to 1996 indicated non-compliant resource estimates ranging from 40,000 tonnes at 15.43 g/t Au and 197 g/t Ag to approximately 200,000 tonnes averaging 9.59 g/t Au, highlighting the project's high-grade potential [3][11] - The upcoming drill program aims to twin and verify historical drill holes, apply modern QA/QC protocols, and generate sufficient new drilling data to support an independent mineral resource estimate [7] Bulk Sampling Program Update - Canadian Gold received permits for a 5,000-tonne bulk sampling program, contingent upon the completion of shallow water monitoring wells [4] - The company is currently pausing the drilling of these wells to seek additional input from another First Nations community, while maintaining engagement with the Gesgapegiag First Nation [5][6] Management Commentary - The President & CEO emphasized the significance of the drill permit applications as a milestone for validating historic results and unlocking value in a proven mining jurisdiction [3] Board Resignation - Ken Booth has resigned from the Board of Directors to focus on other commitments, with the Board expressing gratitude for his contributions [8] Project Overview - The Lac Arsenault Property is located along the Grand Pabos Fault in Québec's Gaspé region, known for its geological characteristics similar to prolific gold-bearing systems [9][10] - The property hosts multiple high-grade vein systems and has a strong foundation for current exploration efforts [10] Company Background - Canadian Gold Resources Ltd. is a junior exploration company with three high-grade gold properties totaling approximately 16,000 hectares in Québec's Gaspé Peninsula, focusing on unlocking the potential of historically explored assets [11]
Sierra Madre Gold and Silver (OTCPK:SMDR.F) 2025 Earnings Call Presentation
2025-09-10 15:00
La Guitarra Mine Operations - Full commercial production commenced on January 1, 2025[13, 26, 64] - Q2 2025 sales reached 173,562 silver equivalent ounces[13, 44] - Q2 2025 revenues totaled $5.4 million[13, 44, 45] - Gross profit of $1.3 million was recorded for Q2 2025[13, 45] - Milled 41,235 tonnes of material in Q2 2025[45] Resource Update & Exploration - La Guitarra's 2023 resource update shows a 373% increase in Measured & Indicated silver-equivalent ounces, totaling 27.2 million ounces[30] - Inferred silver-equivalent ounces increased by 204%, reaching 20.2 million ounces[30] - The company is planning a +20,000m drill program in the Temascaltepec East District[49, 64] - Over 1,400 drill holes totaling 236,000 meters have been completed[48] Financial Position & Share Structure - A C$19.5 million private placement closed in July 2025[13, 40, 64] - Current assets, including cash, amounted to $5.9 million as of June 30, 2025[53, 64] - First Majestic Silver holds 37.7% of the company's shares[26, 54, 64]
Blende Silver Corp Provides Update for the Blende Zinc-Lead-Silver Property
Thenewswire· 2025-09-10 14:45
Core Viewpoint - Blende Silver Corp. is advancing its exploration and development activities at the Blende zinc-lead-silver property in Yukon, with ongoing regulatory processes for mining permits and significant mineral resource estimates indicating potential for substantial mineral extraction [1][2][5]. Group 1: Project Development - The Company submitted a Class 4 Quartz Mining Land Use Approval application in January 2025, which is crucial for exploration and development at the Blende property [2]. - Proposed activities include upgrading existing trails, constructing new infrastructure such as a heli-pad and airstrip, and supporting a 25,000-meter drill program with up to 50 surface diamond drill holes annually [2]. - A smaller Class 1 Exploration Notification is being initiated to support a surface drill program with a temporary camp for less than 250 person-days [3]. Group 2: Mineral Resource Estimates - The Blende property hosts a significant mineral resource, with an Indicated Mineral Resource of 4.6 million tonnes grading 1.82% Zn, 1.63% Pb, and 30.3 g/t Ag, translating to approximately 187 million pounds of zinc, 167 million pounds of lead, and 4.5 million ounces of silver [5][6]. - An Inferred Mineral Resource of 42.2 million tonnes grading 1.83% Zn, 1.62% Pb, and 27.5 g/t Ag is also reported, equating to about 1.7 billion pounds of zinc, 1.5 billion pounds of lead, and 37.3 million ounces of silver [5][6]. - The mineralization is characterized as a Proterozoic-aged carbonate-hosted massive sulphide deposit, forming a mineralized corridor over 6 km [5]. Group 3: Regulatory Engagement - The Yukon Environmental and Socio-economic Assessment Board (YESAB) has extended the public comment period for the project until September 18, 2025, encouraging stakeholder participation [3]. - The Company is actively engaging with regulatory authorities to facilitate the approval process for the Class 4 Quartz Mining Permit [2]. Group 4: Historical Context - The Blende property was reported in 1995 as the largest strata-bound, carbonate-hosted, zinc-lead deposit in Yukon, highlighting its historical significance in the mining sector [4].