Workflow
Mineral Exploration
icon
Search documents
Domestic Metals Initiates Geophysical Program at the Smart Creek Project and announces non-brokered Private Placement
Globenewswire· 2026-02-04 12:30
Core Viewpoint - Domestic Metals Corp. is significantly expanding its exploration efforts at the Smart Creek Project in Montana, driven by promising results from previous sampling programs and a new geophysical program aimed at refining drilling targets for upcoming diamond drilling activities scheduled for Q1/Q2 2026 [1][2][4]. Exploration and Geophysics - The company has engaged TMC Geophysics to conduct 27 line-kilometers of electrical geophysics (Induced Polarization) at the Smart Creek Project to enhance historical IP coverage and refine drill target locations [1]. - The 2025 surface sampling program revealed high-grade results, including up to 102 g/t gold, 23% copper, and 3,810 g/t silver, which expanded the mineralized footprint and identified new targets for exploration [2][4][7]. Financing and Private Placement - Domestic Metals announced a non-brokered private placement of up to 12,500,000 units at a price of $0.28 per unit, aiming for gross proceeds of up to $3,500,000 [3]. - Each unit consists of one common share and one common share purchase warrant, with the warrants allowing the purchase of additional shares at $0.40 for two years [3]. - The net proceeds from the offering are intended for exploration at the Smart Creek Project and general working capital [5]. Management and Strategic Goals - The CEO of Domestic Metals highlighted the increased exploration budget to accommodate additional geophysics and up to 9,000 meters of diamond drilling, emphasizing the significant market interest generated by recent high-grade mineralization discoveries [4]. - The Smart Creek Project is strategically located in Montana, featuring widespread copper mineralization and multiple attractive exploration targets [11]. Technical Information - All scientific and technical information has been reviewed by a qualified person, ensuring compliance with National Instrument 43-101 standards [9]. Company Overview - Domestic Metals Corp. focuses on discovering large-scale copper and gold deposits in historically significant mining areas across the Americas, aiming to identify new economic mineral deposits [10].
Sama Resources and Ivanhoe Electric Commence 2026 Regional Exploration Program at the Polymetallic Samapleu-Grata Nickel-Copper Project, Cote d'Ivoire
Thenewswire· 2026-02-04 12:00
Core Insights - Sama Resources Inc. and Ivanhoe Electric Inc. have initiated a regional exploration program for the Samapleu-Grata Nickel-Copper Project in Côte d'Ivoire for 2026, focusing on discovering new high-grade polymetallic mineralization [1][2] Project Overview - The Samapleu-Grata Project consists of the Samapleu and Grata Deposits, which were the focus of the 2024 Preliminary Economic Assessment (PEA) [2] - The project operates as a 60/40 joint venture, with Ivanhoe Electric holding a 60% interest and also owning 22.7% of Sama's common shares [2] Exploration Program Details - The 2026 exploration program aims to identify over 20 high-priority electromagnetic (EM) targets across the 879 km² land package, building on the previous year's limited exploration success [3] - Drilling is set to begin in early February 2026, focusing on high-priority EM targets within the Glanlé and Zoupleu permits, with a ground gravity survey planned to cover all remaining untested EM anomalies [4] Recent Discoveries - The discovery of new polymetallic mineralization at the Mossikro Prospect, located 10 kilometers south-southwest of the 2024 PEA Area, supports the regional exploration model and indicates the district-scale potential of the project [5] Environmental and Social Studies - Alongside exploration, the company is advancing environmental and social baseline studies to support future mining permit applications, including wildlife inventories and groundwater sampling [6][7][8] Technical and Operational Standards - Core logging and sampling are conducted at Sama's facilities, with sample preparations at Bureau Veritas Mineral Laboratory in Côte d'Ivoire, and assays performed for various metals including Ni, Cu, Co, Fe, S, Pt, Pd, and Au [10] Company Background - Sama Resources is a Canadian-based resource company focused on the Samapleu nickel-copper project in Côte d'Ivoire, with a commitment to advancing the project and a strong management team with a track record of discovery [17]
Red Canyon Provides Drilling Update and Expands 2026 Targeting Plans at its 100% owned Kendal Copper Project
Thenewswire· 2026-02-04 11:30
Core Insights - Red Canyon Resources Ltd. has provided an exploration update for its 100% owned Kendal copper-molybdenum-gold-silver project, highlighting the completion of the 2025 targeted drill program and plans for 2026 [1][2][4] Company Highlights - The 2025 drill program at Kendal Ridge successfully intersected copper, molybdenum, gold, and silver mineralized porphyry veins, reinforcing confidence in the Kendal system's strength and scale [2][5] - The drilling results indicate that the company remains close to a higher-grade center of the mineralization system, with significant potential for further exploration [3][5] Drilling and Geological Insights - The Kendal project consists of five 100%-owned mineral claims totaling 2,738 hectares, located near Terrace, British Columbia, with excellent infrastructure [4][5] - The 2025 drill program included five holes totaling 2,548 meters, all of which intersected significant porphyry-style alteration and mineralization [5][6] - Assay results confirmed highly anomalous copper and molybdenum grades, with notable results from drill holes RCKD-25-007 and RCKD-25-010, indicating increasing mineralization with depth [10][25] Geochemical and Geophysical Programs - A large-scale soil geochemistry program was completed in the second half of 2025, identifying several new high-priority targets based on copper, molybdenum, gold, and silver anomalies [29][30] - The distribution of soil anomalies corresponds with significant geophysical features, emphasizing the scale of the potential mineralizing system [29][36] Future Exploration Plans - Plans for 2026 include targeting geochemical and geophysical anomalies identified east of Moly Fork and Kendal Creek, with infill geochemistry, IP geophysics, and diamond drilling anticipated to commence in Q2 2026 [43][44]
First Atlantic Nickel Reports $1,977,600 in Warrant Exercise Proceeds; All $0.20 Warrants Now Expired
TMX Newsfile· 2026-02-04 01:30
Core Viewpoint - First Atlantic Nickel Corp. has successfully raised a total of $1,977,600 through the exercise of warrants and finder's units, significantly reducing the dilutive overhang for shareholders following the expiration of unexercised warrants [1][2]. Group 1: Financial Activities - The company received gross proceeds of $1,886,000 from the exercise of 9,430,000 warrants, with 6,810,000 warrants exercised in January 2026 alone, contributing $1,362,000 [2]. - Additionally, 332,000 finder's units were exercised for gross proceeds of $33,200, leading to the issuance of 332,000 common share purchase warrants [2]. - The total gross proceeds from all warrant, finder's units, and finder's warrants exercises amounted to $1,977,600 [2]. Group 2: Upcoming Offerings - The company has arranged a non-brokered private placement of common shares at a price of $0.18 per share, aiming to raise up to $3,000,000 [3]. - The offering is expected to consist of approximately 16,666,667 shares [3]. - Proceeds from the offering will be used to advance projects, satisfy option payment obligations, manage mineral claims, and cover general administrative expenses [4]. Group 3: Regulatory Compliance - The shares will be offered to purchasers in Canada (excluding Quebec) under the Listed Issuer Financing Exemption, which is expected to exempt the shares from a statutory hold period [5]. - The offering is subject to regulatory approvals, including that of the TSX Venture Exchange, and is expected to close in tranches by February 27, 2026 [7].
Antimony Resources Corp. (ATMY) (ATMYF) (K8J0) Discovers New Massive Stibnite Mineralization at the Marcus (West) Zone and Have Exposed the Mineralization in Bedrock over a Distance of 25 Meters
TMX Newsfile· 2026-02-03 13:00
Core Viewpoint - Antimony Resources Corp. has announced the expansion of stibnite mineralization at the Marcus (West) Zone, indicating a potential new mineralization area separate from the Main Zone, with further exploration planned for 2026 [1]. Group 1: Mineralization Discovery - The Marcus (West) Zone has revealed stibnite mineralization over a distance of 25 meters, believed to be distinct from the Main Zone [1]. - Trenching and sampling are planned for the newly discovered Marcus (West) Zone and the Bald Hill South mineralization in the upcoming exploration season [1]. Group 2: Drilling Program - A 2026 Definition Drilling Program has commenced at the Bald Hill Main Zone, utilizing two drill rigs, with a third rig to be added in early February [5]. - The drilling aims to sample the Bald Hill Main Zone over a distance of 600 meters and to a depth of at least 300 meters, with the goal of calculating a Maiden Resource for the Bald Hill Project [5]. Group 3: Project Potential - The Bald Hill project is recognized as a high-grade antimony deposit, with drilling outlining a deposit over 700 meters long, averaging 3 to 4 meters in width and grades of 3% to 4% antimony [10]. - The estimated potential quantity from the 2025 Technical Report is approximately 2.7 million tonnes with a grade between 3% and 4% antimony [10].
Kobrea Discovers Large Hydrothermal Breccia Body in Cuprum Trend - Western Malargüe Mining District - Mendoza Province, Argentina
TMX Newsfile· 2026-02-03 13:00
Vancouver, British Columbia--(Newsfile Corp. - February 3, 2026) - Kobrea Exploration Corp. (CSE: KBX) (FSE: F3I) (OTCQB: KBXFF) ("Kobrea" or the "Company") is pleased to announce that it has discovered a 1,250 metre by 500 metre hydrothermal breccia body in the Cuprum trend within the Company's Western Malargüe Copper Projects (the "Property"). Kobrea holds the right to earn a 100% interest in 7 projects totaling 733 km2 in southwestern Mendoza Province, Argentina (see the Company's August 19, 2024 news r ...
Peloton Stakes 200 Additional Claims at the North Elko Lithium Project Bringing the Total Ground Position to 53 Square Kilometers or 20 Square Miles
Thenewswire· 2026-02-03 13:00
Core Insights - Peloton Minerals Corporation has staked an additional 200 mineral claims at its North Elko Lithium Project, increasing the total to 642 claims covering 53 square kilometers [1][9] Exploration and Drilling Results - The new claims cover Bell Canyon and Bell Canyon Road, with recent drilling showing increasing lithium values at depth, averaging 618 ppm over the bottom 155 feet, and a peak of 1150 ppm lithium [2][5] - The Bell Canyon drill location was strategically chosen due to its proximity to a lithium zone discovered by Surge Battery Metals Inc. and historical data from a 1965 water well that indicated similar clay layers [3][5] Future Plans - The company plans to conduct a series of studies using various datasets to refine drill targets for a follow-on program scheduled for summer, including metallurgical work to assess the recoverability of cesium and rubidium, which showed consistent assay results across all drill holes [5][6] - A detailed outline of the upcoming work and studies will be issued once finalized [6] Company Overview - Peloton Minerals Corporation is a reporting issuer in British Columbia and Ontario, with common shares listed on the CSE and trading on the OTC QB [8] - The company's exploration portfolio includes the North Elko Lithium Project, as well as gold projects and a non-controlling interest in a copper porphyry project [9]
Onyx Gold Strengthens Leadership Team with Appointment of Vice President, Investor Relations
TMX Newsfile· 2026-02-03 13:00
Core Viewpoint - Onyx Gold Corp. has appointed Vanessa Pickering as Vice President of Investor Relations to enhance communication with the investment community as the company advances its exploration programs in Timmins and Yukon [2][3]. Group 1: Appointment and Role - Vanessa Pickering brings over 20 years of experience in the mineral exploration and mining sector, with expertise in investor relations, corporate communications, and capital markets [3]. - In her new role, Ms. Pickering will lead Onyx's investor relations strategy, engaging with shareholders, institutional investors, analysts, and other stakeholders [2][3]. Group 2: Company Overview - Onyx Gold Corp. is focused on unlocking district-scale gold opportunities in Timmins, Ontario, and Yukon Territory, which are recognized as prolific mining jurisdictions [7]. - The company controls a significant portfolio in the Timmins Gold Camp, including the Munro-Croesus Property, which hosts the historic high-grade Croesus Mine and the recent Argus North discovery [9]. - In Yukon, Onyx holds four properties in the Selwyn Basin, an area gaining attention for new gold discoveries [10]. Group 3: Equity Incentive Grants - The company has issued 1,010,000 restricted share units (RSUs) to directors and officers, including 75,000 RSUs to Ms. Pickering, with a vesting schedule over three years [8]. - Additionally, 1,415,000 incentive stock options have been granted at an exercise price of $1.65 per share, including 100,000 options to Ms. Pickering, with a five-year exercise period [8].
Harfang Outlines Winter Exploration Plans
Globenewswire· 2026-02-03 12:00
MONTREAL, Feb. 03, 2026 (GLOBE NEWSWIRE) -- Harfang Exploration Inc. (TSX-V: HAR) (“Harfang” or the “Company”) announces fully-funded winter exploration plans for its portfolio of wholly-owned projects located in Eeyou Istchee James Bay, Québec, and in Ontario (see Figure 1). HIGHLIGHTS At Serpent, the Company will initiate a maiden diamond drilling program of approximately 10 holes totalling an estimated 1,500 metres focused on Mista, a 650-metre-long Cu-Au-Ag target that has never been drilled. The 3-week ...
Kingman Receives Drill Permit for Phase III at Mohave Project
TMX Newsfile· 2026-02-03 08:01
Core Viewpoint - Kingman Minerals Ltd. has received approval from the U.S. Bureau of Land Management to proceed with exploratory drilling at its Mohave Project in Arizona, which is expected to enhance the understanding of the Southwick vein system and guide future exploration efforts [1][3]. Group 1: Project Details - The approved Phase III drill program consists of seven HQ diamond drill holes totaling approximately 814.7 meters (2,673 feet), with six holes from three pads stepping out to the southeast and one hole directed to the northwest [2]. - The drilling aims to assess the continuity of the Southwick vein system beyond the historic Rosebud mine workings, generating decision-grade information for subsequent exploration [3]. Group 2: Company Background - Kingman Minerals Ltd. is a publicly traded exploration and development company focused on precious metals in North America, with its flagship project being the fully owned historic Rosebud Mine located in Mohave County, Arizona [4]. - The Rosebud Mine has a history of high-grade gold and silver discoveries dating back to the 1880s, with significant mining activity occurring in the late 1920s and 1930s, including a 400-foot main shaft and approximately 2,500 feet of underground development [4].