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Golden Cross Resources Secures Application over Strategic Strike Expansion at Welcome & Ti Tree Gold Projects, Victoria
Newsfile· 2025-09-04 11:00
Core Viewpoint - Golden Cross Resources has secured an application for Exploration Licence EL008779, expanding its land holdings by 305 km² in Victoria's Lachlan Fold Belt, enhancing its strategic position in gold exploration [2][3][5]. Group 1: Expansion of Land Holdings - The new licence covers approximately 46 km of strike across several key anticlines known for gold mineralization, increasing the company's total land position to over 750 km² in the region [3][5]. - The application consolidates potential strike extensions ahead of initial drill testing of regional targets, particularly in the Reedy Creek Gold Project [3][5]. Group 2: Key Prospective Trends - The application includes several significant trends: Providence Trend (8 km strike), Homewood Trend (9 km strike), Ti Tree Trend (11 km strike), and Welcome Trend (18 km strike) [6][10]. - Historical data indicates that the Providence area yielded over 930 kg (30,000 oz) of gold from 1859 to 1888, while the Welcome Reef produced 1,200 oz of gold averaging 45 g/t [7][9]. Group 3: Strategic Importance - The new application is a crucial step in Golden Cross's strategy to build a pipeline of high-quality exploration targets, particularly adjacent to Southern Cross Gold's Sunday Creek discovery [10][11]. - Management emphasizes the link between gold mineralization and the region's major anticlinal fold trends, indicating a growth phase with ongoing mapping and initial drill testing [11]. Group 4: Marketing Services Agreement - The company has entered into a marketing services agreement with the Oregon Group for a term of 12 months, with a budget starting at US$15,000 and an option to increase to US$45,000 [14][15]. - Oregon specializes in market research and enhancing client visibility, focusing on critical minerals and energy intelligence [17]. Group 5: Company Overview - Golden Cross Resources is a Canadian mineral exploration company focused on advancing its high-grade Reedy Creek gold project in Victoria, Australia, located near Southern Cross Gold's Sunday Creek discovery [18].
Exploits Discovery eyes resource expansion with high-grade gold projects in Eastern Canada
Proactiveinvestors NA· 2025-08-29 18:22
Core Viewpoint - The gold exploration sector is currently favorable, especially for projects in safe jurisdictions, despite inherent challenges in exploration [1] Company Overview - Exploits Discovery Corp is positioned for success with a focus on well-known mining districts in Eastern Canada and has established a historical resource base of nearly 700,000 ounces in under two months [2][4] - The company aims to build itself into a premier gold exploration entity, emphasizing sustained growth and long-term shareholder value [5] Project Highlights - The Hawkins Gold Project in Ontario has a historic inferred resource of approximately 328,000 ounces at 1.65 grams per tonne gold, with mineralization open along strike and at depth [6] - In Québec, the Benoist project has indicated resources of around 134,400 ounces at 2.87 grams per tonne gold and inferred resources of 107,000 ounces at 2.3 grams per tonne [8] - The Fenton project features a non-compliant historical estimate of 426,173 tonnes grading 4.66 grams per tonne gold, with standout results showing 356 grams per tonne gold [10] - In Newfoundland, the company has secured claims along the Appleton Fault Zone and Dog Bay Line, with high-grade assays identified, including 38.2 grams per tonne gold and 67.55 grams per tonne gold [11][12] Future Plans - The company is advancing permitting, prospecting, and geophysical surveys across its properties, with plans to deliver drilling results later in the summer or early autumn [13] - There is an evaluation of joint ventures for non-core assets to focus on high-grade opportunities [14] Competitive Advantages - Exploits Discovery differentiates itself through scale, location, financial flexibility, and upside potential, with a combined historical resource base of approximately 680,000 ounces across four projects [15] - The company is trading at around $6 per ounce of gold in the ground, significantly lower than peers trading between $40 and $50 per ounce, indicating potential for re-rating catalysts [16] Leadership and Backing - The company has a notable backer in Eric Sprott, who owns 14% of shares, signaling confidence in the team and strategy [18] - The leadership team has extensive experience in the mining sector, with backgrounds in major companies and diverse geographical project experience [19][20] Long-term Outlook - The long-term focus is on growing ounces, improving grades, and pursuing new acquisitions and discoveries [21][22]
Gold Hunter Resources ready for next exploration stage in Newfoundland's gold frontier
Proactiveinvestors NA· 2025-08-29 18:18
Core Insights - Gold Hunter Resources Inc is positioned as a significant player in the Newfoundland gold exploration sector, with a focus on delivering shareholder value and leveraging a consolidated land package [1][3][14] Company Overview - The company is centered around the Great Northern Project, which encompasses a 26,000-hectare land package along the Doucers Valley Fault, featuring nearly 500 historical drill holes but with 18 gold-bearing trends remaining largely untested [2][5] - In 2023, Gold Hunter sold its initial asset in Newfoundland for over $30 million, providing immediate value to shareholders through the issuance of FireFly shares [3] Strategic Developments - Gold Hunter has consolidated a 50-kilometre trend along the Doucers Valley Fault through over 10 transactions, marking the first time this corridor has been controlled by a single entity [4][11] - The company has adopted a systematic approach to exploration, drawing on a wealth of historical data and geological expertise to identify high-priority trends [6][8] Technical and Operational Strengths - The company has compiled a comprehensive dataset, including over 36,000 soil samples and 66,000 metres of historical drilling, to inform its exploration strategy [7][8] - Gold Hunter's project benefits from existing infrastructure, including hydroelectric power, highway access, and proximity to a deep-sea port, which enhances operational efficiency [9][10] Team Expertise - The technical team includes experienced geologists with a strong track record in the region, contributing to the company's confidence in unlocking the potential of the Great Northern Project [11][12][13] - The CEO emphasizes the importance of combining national-level discovery experience with local geological knowledge to mitigate exploration risks [13] Future Plans - Gold Hunter is currently conducting a VTEM survey to further refine its exploration targets, with plans to begin drilling in 2025 based on a data-driven approach [14][15]
Eminent Completes Final Celts Payment - Strengthens Strategic Position in Nevada
Prnewswire· 2025-08-25 11:35
Core Insights - Barrick Gold has staked land adjacent to the Celts Project, emphasizing the strategic importance of the area [1] - Eminent Gold is focused on advancing the Celts Project, which is now recognized as a high-potential asset within its Nevada portfolio [2] - The company holds three 100%-owned, drill-ready projects in Nevada, with Celts being a priority target due to its geological similarities to other successful gold systems [2][3] Company Strategy - Eminent Gold aims to maintain majority ownership across its portfolio, positioning itself in a region with world-class gold systems [1] - The company is preparing to resume drilling at its flagship project, Hot Springs Range, and plans to explore multiple discovery-driven projects in Nevada [4] Project Highlights - Celts Project is characterized by geological features indicative of high-sulfidation epithermal systems, with surface samples showing up to 33 grams per tonne (g/t) gold [7] - Recent Induced Polarization surveys have identified a northeast-trending structure beneath the steam cap, suggesting potential for mineralization [7] - The company has completed a final payment under a Purchase Agreement with Orogen Royalties Inc. and Altius Resources Inc., issuing shares valued at US$325,000 [7]
Nordique Resources Commences Base-of-Till Drill Program at the Isoneva Gold Project, Finland
Thenewswire· 2025-08-21 12:00
Core Viewpoint - Nordique Resources Inc. has initiated its 2025 Base-of-Till (BOT) drill program at the Isoneva Gold Project in Finland, marking a significant milestone for the company as it aims to explore a promising and underexplored region for gold discovery [1][2]. Drill Program Overview - The Isoneva Gold Project spans 1,150 hectares (11.5 km²) within the Western Finland Gold Belt, featuring excellent infrastructure and multiple high-grade gold-bearing boulder trains, with over 200 samples averaging approximately 14 g/t Au and individual assays reaching up to 462 g/t Au [2][4]. - The BOT drilling method involves shallow vertical holes through glacial overburden to collect samples, which has proven effective in the region for identifying concealed targets [3]. Drilling Details - Approximately 500 BOT holes are planned, spaced 200 to 400 meters apart, with holes every 20 to 40 meters, allowing for efficient geochemical sampling across the property [4][5]. - The drilling is being conducted by Moreenityö Mäcklin using a Rotary Air Blast (RAB) rig, expected to take 2 to 3 months to complete [4][5]. Target Areas - Initial drilling will focus on three high-priority areas: Korpisalo, Ahveroinen, and Tiaskuru, characterized by strong gold-in-till anomalies and high-grade boulders [5][8]. - Korpisalo features a strong gold-in-till anomaly with a sulphidic signature, while Tiaskuru has high-grade quartz-carbonate veins with notable historic drill results [8][10]. - Ahveroinen is noted for one of the densest concentrations of gold-bearing boulders on the property, with values up to 380 g/t Au [8]. Future Plans - A follow-up winter program is scheduled for Q1 2026, which will include diamond drilling at priority areas identified through the BOT campaign and additional BOT drilling in zones accessible only during frozen ground conditions [10].
K2 Gold Announces Exercise of 9.3 Million Warrants to Advance the Mojave Project
Newsfile· 2025-08-21 10:00
Core Viewpoint - K2 Gold Corporation has exercised 9.3 million share purchase warrants, raising CAD$2,789,700 to fund the upcoming drill program at the Mojave Project, indicating strong insider confidence in the project's potential [1][2][3]. Financial Summary - The exercise of 9.299 million warrants at an exercise price of CAD$0.30 has provided a cash infusion of CAD$2,789,700 [1]. - The financing positions K2 Gold well for its drilling activities at the Mojave Project, which is fully owned by the company [1]. Project Overview - The Mojave Project is a 5,830-hectare oxide gold project located in Inyo County, California, with a history of successful drilling by major companies like Newmont and BHP [7]. - Previous drilling results include significant intersections such as 86.9m of 4.0 g/t Au, with a notable 45.7m of 6.7 g/t Au from surface to 45.72m in hole DF20-0021 [3][4]. - The project has identified multiple undrilled targets and widespread gold mineralization over a structural corridor exceeding 5 km [4]. Insider Commitment - A significant portion of the warrants was exercised by company insiders, reflecting their confidence in the Mojave Project's upside potential [2]. Future Plans - K2 Gold is prepared to commence drilling upon receiving the necessary permits, aiming to unlock the value of the Mojave Project [3].
Signature Resources Announces Findings from Spring Field Program
Newsfile· 2025-08-19 14:50
Core Insights - Signature Resources Ltd. announced the successful results of its spring field program conducted in May 2025 at the Lingman Lake Gold Mine, focusing on five sampling areas to delineate mineralization [1][9] - A total of 111 samples were collected, with nearly 25% returning assay values of 0.10 grams per tonne of gold or greater, indicating promising mineralization [1][9] Group 1: Sampling Areas - **Area 1**: Focused on the North Gold Zone, with notable samples returning values of 0.14 g/t Au and 0.21 g/t Au, and a grab sample yielding 8.26 g/t Au, suggesting a mineralized envelope [2][9] - **Area 2**: Investigated the section between the South Zone and 11650 Zone, with channel samples yielding values of 0.24 g/t Au and 0.54 g/t Au, while grab samples returned higher values of 0.67 g/t Au, 4.31 g/t Au, and 9.91 g/t Au [3][9] - **Area 3**: Explored the South Zone's strike projection, with previous drill results indicating gold mineralization of 1.81 g/t Au over 51 m and 1.80 g/t Au over 34 m, although surface samples returned lower values [5][9] - **Area 4**: Followed up on a previous sample yielding 5.45 g/t Au, with new channel samples returning values from 0.11 to 1.63 g/t Au, indicating a new target area [6][9] - **Area 5**: Focused on the interzonal corridor between Central Zone 'A' and 'B', with eight samples returning gold grades ranging from 0.13 to 1.27 g/t Au, warranting further detailed mapping [7][9] Group 2: Financial and Corporate Updates - The company amended a related party loan agreement, increasing the loan amount to $350,000 and extending the maturity date to September 30, 2025, to support ongoing operations [10] - The loan is provided on a non-cost basis, with no interest or fees, and the company plans to repay it through future equity financings [10] Group 3: Project Overview - The Lingman Lake gold property encompasses approximately 24,821 hectares, including historical mining infrastructure and extensive drilling, with an average of 19 grams per tonne of gold from bulk samples [15]
Orezone Intercepts Further High-Grade Mineralization Below Life of Mine Pits Including 1.59 g/t Gold Over 48.00m and 1.09 g/t Gold Over 45.00m
Globenewswire· 2025-08-19 11:30
Core Insights - Orezone Gold Corporation has reported additional drill results from its Bomboré Gold Mine, confirming the continuity of higher-grade mineralization beneath current resource pits, indicating significant exploration potential [1][3][5]. Exploration Results - Approximately 30,000 meters of exploration drilling was completed in H1-2025, with notable results including: - Extension of North Zone footwall mineralization up to 200 meters below current reserve pits, with grades of 2.55 g/t Au over 23.00 meters and 1.14 g/t Au over 29.50 meters [5]. - Extension of the P17S high-grade sub-zone by 300 meters down plunge, with a grade of 7.40 g/t Au over 6.70 meters [5]. - Identification of multiple broad near-surface strike extensions, including 2.22 g/t Au over 14.00 meters and 1.12 g/t Au over 10.00 meters [5]. Future Plans - Drilling will continue in H2-2025, aiming to increase Bomboré's global resource from 5 million ounces to a target of 7 to 10 million ounces, with an overall production increase to 220,000-250,000 ounces per annum [6]. North and P8P9 Zones - The North Zone continues to define and expand mineralized trends along a 3 km strike length, with mineralization associated with specific geological features [6][7]. - The P8P9 Zone has shown potential for wide zones of mineralization, with significant intercepts including 1.09 g/t Au over 45.00 meters within a broader intercept of 0.64 g/t Au over 157.00 meters [11][10]. Selected Drill Highlights - Recent drilling confirmed the down plunge continuity of higher-grade mineralization in the North Hill sub-zone, with intercepts of 1.59 g/t Au over 48.00 meters and 1.97 g/t Au over 16.10 meters [9]. - The P8P9 Zone has been defined over a 1.6 km strike length, with discrete higher-grade lenses within broader low-grade zones [10].
Tomingley Exploration Intersects Significant Gold at El Paso
GlobeNewswire News Room· 2025-08-18 10:21
Core Insights - Alkane Resources Limited has reported significant exploration results from its Tomingley Gold Operations in Central New South Wales, highlighting the potential for increased gold resources and mine life [1][4][8]. Exploration Results - EPD016 reported 8.2 metres grading 3.74 g/t Au from 224.8 metres, including 1 metre grading 25.0 g/t Au from 225.6 metres [1][14]. - EPD017 showed 32.1 metres grading 1.65 g/t Au from 66.9 metres, with notable inclusions of 4 metres grading 3.21 g/t Au from 83 metres and 14 metres grading 1.71 g/t Au from 119 metres [1][17]. - Additional results from the Tomingley Structure included TORC007 with 14 metres grading 0.58 g/t Au from 213 metres and TORC011 with 6 metres grading 0.78 g/t Au from 149 metres [2][21]. Project Overview - The Tomingley Gold Project (TGP) spans approximately 440 km² and includes both open pit and underground operations with a processing capacity of 1 million tonnes per annum [8][49]. - The project has seen extensive regional exploration, leading to the definition of mineral resources at the Roswell and San Antonio deposits, which are now part of the TGO [9][40]. Future Plans - The company plans to conduct 2,000 metres of diamond core drilling to further define exploration targets at the El Paso prospect [5][15]. - A comprehensive exploration program for the next 12 months includes high-resolution drone magnetic surveys and 6,000 metres of deeper drilling across various prospects [11][31]. Geological Insights - The exploration has focused on a dacite volcanic host unit at the El Paso prospect, which has shown promising mineralization [12][14]. - The Tomingley Structure, extending 5 km north from historic workings, has been identified as a significant mineralized structure with potential for further discoveries [20][21].
Harvest Gold Kicks Off Drilling at Mosseau, Launches Urban-Barry Till Program, and Completes Labelle Mag Survey
Thenewswire· 2025-08-14 19:10
Core Viewpoint - Harvest Gold Corporation is advancing exploration activities across its Quebec properties, focusing on the Mosseau, Urban-Barry, and LaBelle projects, with significant drilling and sampling programs underway [1][2][3]. Group 1: Exploration Activities - The company has mobilized a diamond drill to begin a 5,000-meter drilling program at the Mosseau property, targeting high-priority areas with historical gold showings [3]. - A till sampling program has been initiated at the Urban-Barry property, which spans 19 km in length and averages 4 km in width, to evaluate its gold potential [4]. - A high-resolution airborne magnetic survey covering 1,368 line-kilometers has been completed over the LaBelle property, interpreted to extend the mineralized corridor from Mosseau [5]. Group 2: Project Details - The Mosseau property is the focus of the diamond drilling program, which follows extensive regional data compilation and previous encouraging results from soil sampling [3]. - The Urban-Barry property will undergo a till sampling survey conducted by IOS Services Géoscientifiques, with a total of 145 samples planned [4]. - The LaBelle property has seen minimal historical exploration, and the recent magnetic survey aims to identify potential mineralization [5]. Group 3: Company Overview - Harvest Gold Corporation is focused on exploring near-surface gold deposits and copper-gold porphyry deposits in stable mining jurisdictions, with a management team possessing over 400 years of collective geological and financing experience [7]. - The company holds three active gold projects in the Urban-Barry area, covering a total of 20,016.87 hectares across 377 claims [8]. - The properties collectively cover over 50 km of favorable strike along mineralized shear zones, indicating significant exploration potential [9].