Core Viewpoint - Glenstar Minerals Inc. has engaged Alloy Drilling to conduct a Phase 2 drill program at the Green Monster Project following the approval of a permit by the Bureau of Land Management [1][2]. Drilling Program Details - Alloy Drilling will use a track-mounted reverse circulation drill to execute a plan that includes drilling nine holes across four locations, covering approximately 300 meters of strike length exploration [2]. - The drilling will focus on two holes in the area of primary drilling from Phase 1, three holes in the "discovery" zone 150 meters west of the Phase 1 site, and two holes each at two additional sites further west along a mineralized belt [2]. Survey and Planning - The final determination of drill hole locations will be made in consultation with Hasbrouck Geophysics, Inc., based on a report from a Hybrid-Source Audio-Magnetotellurics Survey conducted in mid-November [3]. - The HSAMT survey data was collected at 50-meter intervals along 13 lines over the target zone, which will aid in optimizing drill hole locations, angles, and depths for potential high-grade mineralization [3]. Company Statements and Engagements - Glenstar's CEO, Dave Ryan, expressed anticipation for the HSAMT survey results, which will inform the final drill location plan, with drilling expected to commence in mid-December and conclude before the Christmas holiday [4]. - The company has extended its engagement with Altura Media Co Inc. for an additional CDN$250,000 to provide marketing and investor awareness services, focusing on enhancing Glenstar's visibility in both domestic and foreign markets [4]. Project Background - The Green Monster Property consists of 35 federal lode claims covering approximately 700 acres in Clark County, Nevada, located about 40 miles southwest of Las Vegas [7]. - Prior to the recent drill program in May 2025, no drilling had been conducted on the property, but previous sampling in 2022 indicated robust nickel-copper with anomalous cobalt, suggesting several targets suitable for shallow drilling [7][8]. Mineralization Findings - Initial groundwork in 2022 included geological mapping and sampling, revealing significant mineralization with channel samples returning 1.18 meters of 3.77% copper, 3.06% nickel, 0.21% cobalt, and 6.83% zinc [8]. - Additional sampling confirmed the presence of high levels of zinc (>10%) and silver (>200 ppm), along with copper, uranium, and lead [8]. Company Overview - Glenstar Minerals Inc. focuses on exploring and developing critical mineral and energy metal properties essential for advanced electronics and energy technologies [9]. - The company's shares are traded on multiple exchanges, including the Canadian Securities Exchange under the symbol "GSTR" [10].

Core Insights - Belmont Resources Inc. has received a multi-year drill permit for its Crackingstone Uranium–REE Project, allowing for extensive exploration activities [1][3][11] - The project is located near Saskatchewan's uranium-rich Athabasca Basin, benefiting from excellent infrastructure and proximity to Uranium City [7][12] - Historical drilling results from 2008 confirmed uranium mineralization across all 20 holes, indicating significant potential for renewed exploration [4][5] Permit Details - The drill permit, known as Crown Land Work Authorization (CLWA), is valid until November 30, 2028, and covers the Crackingstone Project area [2] - The authorization allows Belmont to conduct various exploration activities, including drilling and geophysical surveys [1][2][8] Historical Context - The 2008 drilling program was successful, with all holes intersecting uranium mineralization, but exploration was halted due to the 2008 financial crisis [4][5] - Modern geophysical data supports the potential for significant mineralized corridors, warranting renewed drilling efforts [5][6] Project Preparation - Belmont is finalizing drill locations and preparing for the 2026 drilling program, including contractor selection and access route optimization [6][15] - Preparatory work involves integrating geological and geophysical data into the final drill layout [6] Mineralization Potential - The Crackingstone property has shown historic grab sample grades of up to 15.6% U₃O₈, with previous mining yielding 11 tons at an average grade of 2.3% U₃O₈ [10] - Three major mineralized corridors have been identified, totaling 10 kilometers in length, associated with high-grade uranium occurrences [10]

Core Insights - South Atlantic Gold Inc. has filed two new mineral exploration tenement applications in Ceará State, Brazil, expanding its Pedra Branca land package to over 52,000 hectares [1][2] - The new applications cover approximately 3,970 hectares and are strategically located along priority magnetic and structural features [1][2] - The company is advancing its technical analysis, including magnetic inversion and structural interpretation, to identify priority drill targets [2][5] Technical Progress - 3D susceptibility models from UAV magnetic surveys have been completed, revealing NE-trending structures consistent with shear-related mineralization models [5] - Reduction-to-pole (RTP) processing has improved source localization, highlighting anomalies in underexplored northern blocks [5] - Initial inversion of government TMI/RTP data has been completed, with higher-resolution inversion pending [5] Regional Context - The new tenements include 1,978 hectares across Pedra Branca, Independência, and Boa Viagem municipalities, and 1,992 hectares in Pedra Branca municipality [5] - Regional structures appear to align with project-scale anomalies, reinforcing the broader exploration potential [5]

Core Insights - Lion Rock Resources Inc. is advancing its inaugural drill program at the Volney Project in South Dakota, which has historically produced high-grade gold, lithium, and tin [1][10]. Financial Position - The company completed a financing round of $5.3 million in Q3 2025, providing sufficient funds to support its multi-phase exploration and drilling program at the Volney Project [2]. Drilling Progress - The drill program is progressing well, with multiple holes intersecting sulphide mineralization and strong alteration consistent with high-grade gold mineralization observed at the surface [4]. - All six drill holes targeting pegmatites have encountered spodumene-bearing zones, indicating potential for high-grade lithium [5]. - A total of ten drill holes have been completed, totaling approximately 2,400 meters, targeting both gold-bearing horizons and lithium-bearing pegmatites [5]. Geological Findings - Drill core samples have shown characteristics similar to surface mapping, with grab samples returning up to 14.0 g/t Au [5]. - Spodumene has been identified in multiple pegmatite intercepts, with drillhole VOL25-009 intersecting two spodumene-bearing zones [5]. Project Overview - The Volney Project is strategically located in the Black Hills, a historically significant mining region, and is home to the Giant Volney pegmatite, which remains untested at depth [10]. - The project is accessible year-round and consists of private claims with surface and mineral rights, facilitating rapid permitting and advancement [10].

Core Insights - Critical One Energy Inc. has identified significant potential expansions to mineralization at its Howells Lake Antimony-Gold Project through advanced geophysical and geological modeling of a recent VTEM airborne survey [1][2] - The new interpretive results confirm the potential for discovering additional areas of mineralization containing both antimony and gold, extending laterally for at least 2 kilometers [1][3] - The Howells Lake Project is positioned as a cornerstone asset with exceptional exploration and development potential for antimony and gold [2] Geophysical Survey Findings - The recent VTEM geophysical survey and geological modeling revealed characteristics of antimony-gold mineralization extending west, northeast, and at depth from previously discovered areas [2] - Modelled EM conductors indicate a steeply dipping stratigraphy extending to depths greater than 300 meters [1][3] - Historical drilling at Howells Lake West Zone intersected up to 4.7% antimony and 25.5 g/t gold over 1.43 meters, while the East Zone showed up to 75% antimony over 8.35 meters [3] Resource and Exploration Potential - The Howells Lake Project hosts a historical resource of 1.7 million tons at a grade of 1.4% antimony with associated gold mineralization, although this resource is not NI 43-101 compliant [4] - Geological mapping and significant drilling will be required to establish a compliant resource estimate [4] - The project is the only significant new antimony-gold project in Ontario, with North American production currently limited to a few sources [3][4] Strategic Positioning - Critical One Energy Inc. is strategically positioned to meet the rising global demand for critical minerals, focusing on antimony and gold exploration in Canada [10] - The company aims to leverage its technical, managerial, and financial expertise to drive growth and deliver value to shareholders [10]

Core Insights - TRX Gold Corporation reported record production and financial results for Q4 2025, achieving 6,404 ounces of gold poured and 6,977 ounces sold at an average realized price of $3,363 per ounce, leading to revenue of $23.5 million and gross profit of $12.6 million [2][3] Financial Performance - In Q4 2025, the company recognized revenue of $23.5 million, gross profit of $12.6 million (54% margin), and Adjusted EBITDA of $12.7 million (54% margin), all reflecting significant increases compared to Q4 2024 [2][3] - For the fiscal year ended August 31, 2025, TRX Gold poured 18,935 ounces of gold and sold 19,213 ounces at an average realized price of $3,033 per ounce, resulting in record revenue of $57.6 million and net income of $6.6 million [3][21] Working Capital and Financial Health - The company's working capital position improved significantly, with the current ratio rising to approximately 1.3 at August 31, 2025, from 0.8 at May 31, 2025 [3] - TRX Gold fully repaid its short-term borrowings of approximately $3.0 million in Q4 2025 and has full access to its liquidity lines [3] Growth Potential and Expansion Plans - The Preliminary Economic Assessment (PEA) for the Buckreef Gold expansion outlined a long-life, scalable asset with a pre-tax NPV5% of $1.9 billion at a gold price of $4,000 per ounce [2][3] - The company is executing plans for a larger processing facility than initially contemplated in the PEA, which is expected to produce average annual gold production exceeding 62,000 ounces [4][6] Exploration and New Discoveries - TRX Gold announced the discovery of a new high-grade zone, the Stamford Bridge Zone, with significant drill results, including 37 meters at 6.86 g/t Au [7] - The company plans to substantially increase exploration drilling in fiscal 2026, focusing on high-priority gold zones [7][10] Capital Expenditures and Future Outlook - Total capital expenditures for fiscal 2026 are expected to be in the range of $15 - $20 million, focusing on plant upgrades and expansion [10] - Exploration expenditures are projected to be between $3 - $5 million, including a geophysics survey and drilling on various zones [10]

The company forecasts an exploration expenditure of around $540 million and expects less than $40 per ounce discovery costs. ...

Core Insights - District Metals Corp. has reported positive results from the airborne Mobile Magnetotelluric (MobileMT) survey at its Malgomaj mineral licenses in Sweden, indicating significant geophysical anomalies that may represent mineralized Alum Shales [1][5][11] Summary by Sections Survey Results - The MobileMT survey covered approximately 37,132 hectares and identified six low resistivity (highly conductive) anomalies, which are consistent with the signature observed at the Viken Deposit [5][11] - Target A measures 20.4 km long by up to 5.4 km wide, while Target B is 17.7 km long by up to 4.1 km wide, both interpreted to be Alum Shale [9] Strategic Developments - Based on the survey results, the company has applied for a new mineral license adjacent to the existing Malgomaj mineral license to cover potential extensions of the MobileMT anomaly [2] - The Malgomaj property, along with the Österkälen and Tåsjö licenses, forms part of the company's Alum Shale Properties, covering approximately 79,250 hectares [3] Technical Confidence - The clarity of the newly defined MobileMT conductive anomalies, combined with their favorable structural context, provides a high level of technical confidence for the presence of thick, mineralized Alum Shales [11] - The results represent a significant advancement in the company's strategy to delineate drill-ready targets in an underexplored region rich in various critical raw materials [5][11] Regulatory Context - The Swedish Government has approved the proposal to lift the ban on uranium exploration and mining, with legislation expected to be revised on January 1, 2026, which may enhance the exploration potential for the company [12]

Core Insights - Southern Silver Exploration Corp. has reported significant initial drilling results from the newly acquired Puro Corazon claim, indicating high-grade silver mineralization [1][5][6] Drilling Results - The initial assays from drill hole 25CLM-203 revealed bonanza-grade silver mineralization, with highlights including a 10.5 metre interval averaging 560g/t Ag and a 3.4 metre interval averaging 1,067g/t Ag [6][7] - Additional mineralized zones were identified deeper in the same drill hole, with assays pending for these intervals [3][4] - The company has completed approximately 40% of its planned drilling program, with a total of 4,000 metres drilled out of a proposed 12,000 metres [6][9] Future Plans - The company plans to incorporate the results from the Puro Corazon drilling program into the larger Cerro Las Minitas project to enhance project economics [9][10] - An underground sampling program has been initiated in the historic Puro Corazon workings, with plans for up to 2,000 individual channel samples [8] - Final assays from the current drilling program are expected by the end of Q1 2026, with significant news flow anticipated [6][9] Economic Context - The Cerro Las Minitas project is positioned as a large-scale underground mining operation with robust project economics in a mining-friendly jurisdiction in southeast Durango, Mexico [10][16]

K2 Gold Reaches Critical Federal Permitting Benchmark with Release of Final EISDecember 01, 2025 9:29 AM EST | Source: K2 Gold CorporationVancouver, British Columbia--(Newsfile Corp. - December 1, 2025) - K2 Gold Corporation (TSXV: KTO) (OTCQB: KTGDF) ("K2 Gold" or the "Company") today announced that the United States Bureau of Land Management (BLM) issued a Final Environmental Impact Statement (FEIS) for K2's Mojave Exploration Drilling Project in Inyo County, CA. This milestone follows rigor ...