Mineral Resource Estimate

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Kootenay Silver Set to Commence Stage One of the Next 50,000 Meters of Drilling at Columba High-Grade Silver Project, Mexico
Prnewswire· 2025-07-21 19:57
Core Viewpoint - Kootenay Silver Inc. is set to commence a staged drilling program aimed at expanding its silver resource at the Columba project, following a successful maiden resource announcement of 54 million ounces of silver at a grade of 284 gpt [1][3]. Group 1: Drilling Program - Drill crews are scheduled to arrive by the end of July 2025, with the first drill starting in early August and a second drill following ten days later [1]. - The initial phase of the drilling program will involve 25,000 to 30,000 meters focused on expanding existing resource bodies in the D, F, and B/Lupe veins, which remain open for further exploration [2]. Group 2: Resource Estimates - The maiden resource estimate for the Columba project includes 5.92 million tonnes grading 284 gpt silver, 0.19% lead, and 0.50% zinc, translating to 54.1 million ounces of silver, 25.2 thousand tonnes of lead, and 65.6 thousand tonnes of zinc [4][6]. - The resource estimate is based on 17 epithermal veins and is exclusive of mined-out material [6][11]. Group 3: Financial Position - The company is fully funded for the drilling program, having recently closed a $20 million bought deal financing [2]. Group 4: Future Objectives - The company aims to increase its silver resource to over 100 million ounces, leveraging the open-ended nature of the vein zones for further exploration [3].
Fancamp Regains Control of One of the World’s Largest Iron Titanium Historic Deposits: Announces Results of Magpie Mines AGM
Globenewswire· 2025-07-21 12:30
Company Overview - Fancamp Exploration Ltd. has regained control of Magpie Mines, which holds the Magpie deposit, one of the world's largest undeveloped hard rock iron-titanium deposits located in Havre St-Pierre, Québec [3][4] - The company holds approximately 96% of the issued and outstanding shares of Magpie Mines and a 2% net smelter return royalty on the Magpie Titanium property [4] Management Changes - At the Annual General Meeting of Magpie Mines, shareholders voted to elect three directors: Rajesh Sharma, Mark Billings, and Charles Tarnocai [1] - Mark Billings has been appointed as Chairman, Rajesh Sharma as President and CEO, Arnab Kumar De as CFO, and Debra Chapman as Corporate Secretary [2] Resource Potential - The Magpie Fe-Ti-V deposit is recognized as one of the largest undeveloped titanium resources globally, with significant vanadium deposits [5] - The Magpie 2 deposit has an Historical Mineral Resource Estimate of 635.2 million tonnes grading 42.49% Fe, 11.20% TiO₂, and 0.3% V₂O₅ in the indicated category, with an additional inferred resource of 239.2 million tonnes [6] - The project shows significant expansion potential in four previously undrilled areas with geological characteristics similar to the main deposit [7] Strategic Importance - Titanium and vanadium are critical minerals with applications in aerospace, medical technology, specialty steel, and batteries, facing global supply chain challenges [7] - The Magpie deposit is a principal source for vanadium extraction, which is essential for various industries [7] Future Plans - The company will determine the next steps to advance the Magpie asset, considering the strategic importance of titanium in light of global supply chain challenges [3]
NEVADA KING FILES TECHNICAL REPORT FOR THE MINERAL RESOURCE ESTIMATE AT ATLANTA INCLUDING OVER 1MOZ OF M&I
Prnewswire· 2025-07-21 10:30
Core Viewpoint - Nevada King Gold Corp. has filed a National Instrument 43-101 technical report detailing the gold and silver mineral resources for the Atlanta Project in Lincoln County, Nevada, which is now available on SEDAR+ and the company's website [1][3]. Group 1: Technical Report Details - The technical report titled "Technical Report and Estimate of Gold and Silver Mineral Resources for the Atlanta Project, Lincoln County, Nevada, USA" was prepared by RESPEC and has an effective date of September 6, 2024, with a report date of July 18, 2025 [1][3]. - The Atlanta Gold Mine project hosts an NI 43-101 compliant pit-constrained oxide resource of 1,020,000 ounces of gold in the measured and indicated category, comprising 27.7 million tonnes at a grade of 1.14 g/t [3][4]. - An inferred resource of 98,500 ounces of gold is also reported, consisting of 3.6 million tonnes at a grade of 0.84 g/t [3][4]. Group 2: Mineral Resource Estimates - The measured resources at the Atlanta Mine total 3,430,100 tonnes with an average grade of 1.55 g/t, equating to 170,800 ounces of gold and 1,870,200 ounces of silver [4]. - The indicated resources amount to 24,280,200 tonnes at an average grade of 1.09 g/t, totaling 848,800 ounces of gold and 6,817,200 ounces of silver [4]. - The combined measured and indicated resources (M&I) are 27,710,300 tonnes at an average grade of 1.14 g/t, resulting in 1,019,600 ounces of gold and 8,687,400 ounces of silver [4]. - The inferred resources consist of 3,638,400 tonnes at an average grade of 0.84 g/t, yielding 98,500 ounces of gold and 299,500 ounces of silver [4].
Blackrock Silver Commences Eastern Expansion Drill Program Targeting 1.2km Trend at Tonopah West
Newsfile· 2025-07-21 09:00
Core Viewpoint - Blackrock Silver Corp. has initiated a fully-funded expansion drill program at its Tonopah West project, targeting a 1.2 km eastern extension of the high-grade Merten vein, which presents an opportunity to significantly increase the mineral resource inventory [2][4][5]. Group 1: Expansion Program Details - The expansion drill program will consist of 15 drill holes, utilizing one Reverse Circulation (RC) drill and two core drill rigs, totaling 5,000 meters of drilling [3][5]. - Drilling is expected to be completed by October 2025, with assay results anticipated by the end of the year [3][4]. - The program aims to explore the eastern extension zone between the DPB resource area and the eastern boundary of the project [3][5]. Group 2: Assay Results and Mineralization - Scout drilling has confirmed the eastern extension of the Merten vein, yielding high assay grades, including 2,063 grams per tonne (g/t) silver equivalent (AgEq) and 952 g/t AgEq over significant intervals [4][6][7]. - The newly defined mineralized zone is not included in the 2024 resource estimate and could substantially impact future resource estimates [8][5]. - The Merten vein's geometry suggests it may be an extension of the historic Ohio vein, which was previously mined [6][7]. Group 3: Future Resource Updates - Results from the current drilling program are expected to support a resource update in Q1 2026, while a separate resource update incorporating recent results is scheduled for Q3 2025 [4][5]. - The company is focused on enhancing shareholder value through the development of its mineral resources in Nevada [16].
Investor Webinar - Caesium MRE
Prnewswire· 2025-07-21 02:48
Core Viewpoint - Patriot Battery Metals Inc. announced a maiden Mineral Resource Estimate for caesium at the Rigel and Vega zones of its Shaakichiuwaanaan Property, highlighting the significance of this discovery and its implications for the company's future projects [1]. Group 1 - The live investor webinar will be hosted by Ken Brinsden, the Company's President, CEO, and Managing Director, to discuss the caesium discovery and provide updates on the lithium-only Definitive Feasibility Study for CV5 Shaakichiuwaanaan [1]. - Investors and shareholders can submit questions during the webinar or in advance via email to the Investor Relations Manager [2]. - The webinar is scheduled for July 22, 2025, at 8:00 AM Australian Western Standard Time, lasting approximately 45 minutes, with registration available online [3].
World's Largest Pollucite-Hosted Caesium Pegmatite Mineral Resource Defined at Shaakichiuwaanaan
Prnewswire· 2025-07-20 21:00
Core Insights - The company has confirmed the world's largest pollucite-hosted caesium pegmatite deposit at the Shaakichiuwaanaan Project, with a maiden Mineral Resource Estimate (MRE) for the Rigel and Vega zones [4][8][11] - The total contained caesium content is 30.5 kt Cs2O Indicated and 40.8 kt Cs2O Inferred, highlighting the scale and global significance of the discovery [4][8][11] - The caesium resources are included within the CV13 Pegmatite open-pit resource, which forms part of the company's consolidated MRE for the project [4][8][11] Mineral Resource Estimate - Rigel Caesium Zone: Indicated 163,000 t at 10.25% Cs2O, 1.78% Li2O, and 646 ppm Ta2O5 [11] - Vega Caesium Zone: Indicated 530,000 t at 2.61% Cs2O, 2.23% Li2O, and 172 ppm Ta2O5; Inferred 1,698,000 t at 2.40% Cs2O, 1.81% Li2O, and 245 ppm Ta2O5 [11] - The consolidated MRE includes Indicated 108.0 Mt at 1.40% Li2O, 0.11% Cs2O, and Inferred 33.4 Mt at 1.33% Li2O, 0.21% Cs2O [20] Market Potential - Caesium is a high-value, rare, and critical mineral currently supply constrained, with limited sources supplying the global market [4][17] - The discovery has the potential to be a primary source of supply for global markets, including applications in next-generation terrestrial solar panel technologies [4][17] - The market for caesium compounds is largely opaque, trading through bi-lateral contracts, with caesium carbonate currently trading at approximately US$120/kg and refined caesium metal around US$2,540/oz [16][17] Next Steps - The company is evaluating options to advance and incorporate the caesium opportunity at CV13 as a potential additional saleable product following the completion of the lithium-only Feasibility Study on the CV5 Pegmatite [19][21] - A scoping metallurgical program has commenced to test pollucite recovery using conventional X-ray ore sorting methods [21] - The company remains on track to deliver a maiden Ore Reserve and Feasibility Study for lithium at the CV5 Spodumene Pegmatite in CYQ3-2025 [4][22]
Sandfire Resources America Inc. Announces Drilling Results, Project Advancements at Black Butte, Board Changes and Loan Variation Renewal
Globenewswire· 2025-07-17 21:00
Core Insights - Sandfire Resources America Inc. has completed its 2024-2025 drilling program, focusing on the Johnny Lee Lower Copper Zone, which has shown promising results in resource definition and mineralization extension [1][2]. Drilling Program Results - The Johnny Lee Lower Copper Zone currently has a measured and indicated resource of 1.2 million tonnes grading 6.8% Cu and an inferred resource of 0.5 million tonnes grading 5.9% Cu [1]. - Approximately 28,000 meters have been drilled since December 2023, with results expected to contribute to an updated mineral resource estimate by late 2025 [1][2]. - Significant drill results include: - 8.11 meters of 4.66% Cu in hole SC24-311 - 14.99 meters of 7.99% Cu in hole SC24-312 - 10.58 meters of 4.69% Cu in hole SC25-316 - 11.73 meters of 8.80% Cu in hole SC25-325 - 4.91 meters of 9.74% Cu in hole SC25-328 [5]. Project Advancements - A technical report update for the Johnny Lee deposit is underway at the Pre-Feasibility Study level, with several key factors needing re-evaluation since the last report in October 2020 [2][6]. - The global transition to clean energy and increasing demand for copper are highlighted as significant market drivers, alongside challenges such as declining reserve grades and geopolitical risks [2]. Board Changes - Mr. Stef Weber has been appointed to the Board of Directors, bringing over 25 years of experience in the mining industry, particularly in finance and project development [3][4]. - The company expressed gratitude to Ms. Gemma Tually for her contributions to the Board [3]. Financial Updates - The company has entered into a fifth variation agreement to its bridge loan, increasing the borrowing capacity from up to US$50 million to US$59.5 million, with an extended maturity date to June 30, 2026 [7][8].
Graphano Energy Ltd. Announces Initial Mineral Resource Estimate for Its Lac Saguay Graphite Project - LAB and Standard Properties
Newsfile· 2025-07-17 07:01
Core Insights - Graphano Energy Ltd. has announced an initial Mineral Resource estimate for its Lac Saguay Graphite Project, indicating significant potential for high-grade graphite in North America [1][2] Mineral Resource Estimate - The Mineral Resource estimate includes 1,640,000 tonnes of indicated resources at a grade of 7.00% graphitic carbon (Cg), containing 115,000 tonnes of Cg, and 1,580,000 tonnes of inferred resources at the same grade, containing 111,000 tonnes of Cg [3][5] - The LAB property features a high-grade pit zone with an indicated resource of 250,000 tonnes at 8.96% Cg [3][5] - The project is strategically located near major transportation routes and adjacent to the Lac-des-Iles processing facility, enhancing its logistical advantages [3][4] Development Plans - The company plans to execute a comprehensive development program that includes infill drilling to upgrade inferred resources, a bulk sampling program for metallurgical testing, and environmental baseline studies to support permitting [4][3] - There is significant infill potential and expansion opportunities identified within the existing mineralization zones, with six additional zones noted for future exploration [3][4] Market Context - The demand for graphite is increasing, particularly for applications in lithium batteries and energy storage technologies, positioning the Lac Saguay project to meet future market needs [18]
Newcore Gold Drilling Intersects 0.89 g/t Gold over 33.0 Metres and 3.98 g/t Gold over 6.0 Metres, at the Enchi Gold Project, Ghana
Globenewswire· 2025-07-16 10:28
Core Viewpoint - Newcore Gold Ltd. has reported significant drill results from its ongoing 35,000-metre drill program at the Enchi Gold Project in Ghana, confirming the continuity of gold mineralization at the Sewum Gold Deposit and indicating potential for resource growth [1][4][14]. Drilling Results - The drilling program has successfully intersected multiple zones of near-surface gold mineralization, with notable results including hole SWRC258 intersecting 0.89 grams per tonne gold over 33.0 metres and hole SWRC269 intersecting 3.98 grams per tonne gold over 6.0 metres, including a higher-grade interval of 22.62 grams per tonne gold over 1.0 metre [1][6][11]. - A total of 47 reverse circulation holes were drilled, totaling 4,493 metres, with 46 holes intersecting gold mineralization [4][9]. Resource Growth Strategy - The primary focus of the drill program is on resource growth and infill drilling aimed at converting Inferred Resources to Indicated Resources, with the first phase targeting completion of drilling for resource conversion ahead of a Pre-Feasibility Study [3][15]. - The Sewum Gold Deposit has an Indicated Mineral Resource of 20.9 million tonnes grading 0.48 grams per tonne gold, containing 323,300 ounces, and an Inferred Mineral Resource of 21.8 million tonnes grading 0.53 grams per tonne gold, containing 373,100 ounces [5][17]. Geological Insights - The Ridge Zone at Sewum is characterized by a series of stacked sub-parallel gold mineralized structures, with consistent gold mineralization defined over a length of 800 metres within the oxide and transition horizons [5][10]. - Approximately 45% of the gold-in-soil anomaly at Sewum remains untested by drilling, indicating further exploration potential [18]. Future Development Plans - Newcore Gold is advancing development work required for the Pre-Feasibility Study, including diamond drilling for metallurgical, geotechnical, and hydrogeological testwork [4][16]. - Additional exploration activities include metallurgical testwork, trenching, hydrogeological testing, and environmental assessments to enhance the confidence level of the Mineral Resource Estimate [16][25].
F3 - Hits 13.7% U3O8 Over 2.5m Within 5.5% Over 7.5m at JR
Newsfile· 2025-07-16 09:00
July 16, 2025 5:00 AM EDT | Source: F3 Uranium Corp. Kelowna, British Columbia--(Newsfile Corp. - July 16, 2025) - F3 Uranium Corp (TSXV: FUU) (OTCQB: FUUFF) ("F3" or "the Company") is pleased to announce the final assay results of 2024 JR Zone drilling including drillhole PLN24-184 (See NR October 29, 2024) which returned 13.0m of 3.2% U3O8, including a high grade core with 2.5m of 13.7% U3O8. Exploration geochemical results are highlighted by PLN24-187 which targeted and intersected the A1 Extension 3.2km ...