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Ero Copper Intercepts 105 Meters at 1.54% CuEq¹ at Furnas Copper-Gold Project – Successfully Completes Phase 1 Drill Program
Globenewswire· 2025-07-10 11:00
Core Viewpoint - Ero Copper Corp. has successfully completed its Phase 1 drill program at the Furnas Copper-Gold Project, revealing significant down-dip mineralization and extending known limits, which positions the project as a potential large-scale, high-grade underground mining operation [1][4][6]. Group 1: Drill Program Details - The Phase 1 drill program consisted of 28,000 meters, with results received for approximately 10,000 meters, demonstrating continuity and extending mineralization to a maximum depth of 730 meters [1][2]. - Only one of the 66 holes drilled did not intercept mineralization, indicating a high success rate in the drilling campaign [2]. - The program included infill drilling to confirm high-grade mineralization continuity and step-out drilling to extend known mineralization limits [2][4]. Group 2: Mineral Resource Estimates - The current NI 43-101 mineral resource estimate is based on historical drilling averaging 300 meters in depth, with a maximum localized depth of 580 meters [1][6]. - The indicated mineral resource is estimated at 35.2 million tonnes grading 1.04% copper and 0.69 grams per tonne gold (1.36% CuEq), while inferred resources total 61.3 million tonnes grading 1.06% copper and 0.63 grams per tonne gold (1.36% CuEq) [14]. Group 3: Future Plans - The company is advancing to a Phase 2 drill campaign, expected to comprise a minimum of 17,000 meters, with a greater focus on step-out drilling [5][6]. - The complete results from the Phase 1 program will inform an updated NI 43-101 mineral resource estimate and a preliminary economic assessment (PEA) scheduled for completion in the first half of 2026 [6][9]. Group 4: Project Location and Infrastructure - The Furnas Project is located in the Carajás Mineral Province in Pará State, Brazil, approximately 50 kilometers from Vale Base Metals' Salobo operations and 190 kilometers from Ero's Tucumã Operations [7][8]. - The project area covers approximately 2,400 hectares and is near extensive regional infrastructure, including paved roads and a power substation [8]. Group 5: Partnership and Agreements - In July 2024, Ero Copper signed an earn-in agreement with Salobo Metais S.A., a subsidiary of Vale Base Metals, to earn a 60% interest in the project by completing exploration and development milestones over five years [9][35].
New Found Gold Expands and Confirms Continuity of High-Grade Gold Mineralization at the Keats West Zone
Prnewswire· 2025-07-09 21:30
Core Insights - New Found Gold Corp. announced the first drill results from its 2025 Work Program at the Queensway Gold Project, confirming high-grade gold mineralization at the Keats West zone and indicating potential for in-pit and near-pit expansion [2][3][12] Drilling Results - The drilling program included 2,691 meters across 22 diamond drill holes, focusing on infill drilling at Keats West to enhance resource classification and confidence in high-grade domains [3][5] - Significant intercepts included 55.0 g/t Au over 35.05 m, 20.7 g/t Au over 18.05 m, and 15.4 g/t Au over 16.70 m, confirming continuity of high-grade gold mineralization [5][6][14] - The mineralization at Keats West starts at surface and extends to a vertical depth of 150 meters, indicating a shallowly positioned gold system [14] Future Plans - The company plans to continue infill drilling in H2/25, targeting lower-grade material and expanding drilling in new mineralization areas within the open pit [9][11] - Excavation of the Lotto Zone is underway to enhance geological model certainty and assess grade continuity, followed by detailed mapping and additional drilling [11][12] Project Development - An initial Mineral Resource Estimate (MRE) was released in March 2025, with a preliminary economic assessment (PEA) ongoing, expected to be completed by early Q3/25 [12][33] - The Queensway project covers a 175,450-hectare area with significant potential for new discoveries along known gold zones [34]
1.46 Million Ounces of Gold Outlined on Globex’s Duquesne West Property by Emperor Metals
Globenewswire· 2025-07-09 15:05
Core Viewpoint - Globex Mining Enterprises Inc. announces a new Mineral Resource Estimate from Emperor Metals Inc. for the Duquesne West Property, indicating significant resource growth and potential for further exploration [1][3]. Summary by Relevant Sections Mineral Resource Estimate - The new Inferred Mineral Resource is reported at 26.9 million tonnes containing 1.46 million ounces of gold, with an average grade of 1.69 grams per metric tonne Au [2]. - Approximately 44% of the total gold resource is suitable for open-pit extraction, while 56% may be mined through underground methods [3]. Historical Context and Future Plans - Emperor Metals has more than doubled the historical resource estimate, with a goal to exceed the two-million-ounce mark in 2025 through systematic exploration [3]. - The focus for 2025 includes exploration from 1000 feet depth to surface, aiming for continued resource growth [3]. Resource Breakdown - The resource estimate includes a breakdown of pit-constrained and out-of-pit mineral resources, with specific tonnage and gold content at various cutoff grades [5][10]. - For example, at a 0.25 g/t cutoff, the pit-constrained resource is 18.2 million tonnes containing 0.646 million ounces of gold at a grade of 1.11 g/t [5]. Qualified Person and Reporting - The Mineral Resource was prepared by APEX Geoscience Ltd. under the supervision of Warren Black, M.Sc., P.Geo., and will be filed under Emperor's SEDAR+ profile within 45 days [9].
Sonoro Gold PROVIDES AN UPDATE ON THE ENVIRONMENTAL PERMIT (mia) FOR THE CERRO CALICHE GOLD PROJECT
GlobeNewswire News Room· 2025-07-09 12:00
Core Points - Sonoro Gold Corp. has submitted a revised Environmental Impact Statement (MIA) for its Cerro Caliche gold project in Sonora, Mexico, to optimize the project's footprint and enhance social and environmental stewardship [1][2] - The revised MIA reflects the company's commitment to meet high social and environmental standards while bringing the Cerro Caliche project into production [2][3] - The company holds 100% of the concession rights and surface rights for the Cerro Caliche project, which is essential for mining construction and operational activities in Mexico [4] Project Details - The Cerro Caliche project covers a 1,400-hectare property with a broadly mineralized low-sulphidation epithermal vein structure and over 25 gold mineralized zones identified [5] - An updated Mineral Resource Estimate (MRE) was filed in March 2023 based on 55,360 meters of drilled data, including 498 drill holes and 17 trenches [5] - A new Preliminary Economic Assessment (PEA) filed in October 2023 indicates a potential 9-year open pit, heap leach mining operation with an after-tax net present value (NPV5) of US $47.7 million at a gold price of US $1,800 per ounce, and US $77 million at US $2,000 per ounce, with internal rates of return (IRR) of 45% and 63% respectively [6][7] Management Commentary - Kenneth MacLeod, President and CEO of Sonoro, emphasized the extensive technical and environmental studies involved in the MIA permitting process, highlighting the company's commitment to the local community and compliance with Mexico's environmental requirements [3]
Sonoro Gold PROVIDES AN UPDATE ON THE ENVIRONMENTAL PERMIT (mia) FOR THE CERRO CALICHE GOLD PROJECT
Globenewswire· 2025-07-09 12:00
Core Viewpoint - Sonoro Gold Corp. is advancing its Cerro Caliche gold project in Sonora, Mexico, by submitting a revised Environmental Impact Statement (MIA) to enhance the project's footprint and ensure compliance with social and environmental standards [1][2][3]. Group 1: Environmental Impact Statement (MIA) - The revised MIA was submitted to SEMARNAT to optimize the project and reflects the company's commitment to high social and environmental standards [1][2]. - The MIA details an open-pit, heap leach mining operation, including various facilities and infrastructure as proposed in the Preliminary Economic Assessment [3]. Group 2: Project Development and Rights - The company holds 100% of the concession rights and surface rights for the Cerro Caliche project, securing these rights as of July 4, 2025 [4]. - Exploration at the 1,400-hectare property has confirmed a broadly mineralized low-sulphidation epithermal vein structure, with only 30% of the identified mineralized zones drilled and assayed [5]. Group 3: Economic Assessment - A new Preliminary Economic Assessment filed in October 2023 indicates a potential 9-year open pit, heap leach mining operation, with an after-tax NPV5 of US $47.7 million at a gold price of US $1,800 per ounce and US $77 million at US $2,000 per ounce [6][7]. - The project has an Internal Rate of Return (IRR) of 45% at US $1,800 per ounce and 63% at US $2,000 per ounce [6]. Group 4: Company Overview - Sonoro Gold Corp. is a publicly listed exploration and development company focused on the Cerro Caliche project and the San Marcial project in Sonora State, Mexico [9]. - The company has a highly experienced operational and management team with a proven track record in discovering and developing natural resource deposits [9].
Emperor Metals Announces Maiden Mineral Resource Estimate for the Duquesne West Project, Quebec
Newsfile· 2025-07-09 09:30
Core Viewpoint - Emperor Metals Inc. has announced its initial Mineral Resource Estimate for the Duquesne West Gold Project, indicating a significant increase in gold resources compared to historical estimates [1][3]. Group 1: Mineral Resource Estimate Highlights - The 2025 Duquesne West MRE includes an Inferred Mineral Resource of 26.9 million tonnes (Mt), containing 1.460 million ounces (Moz) of gold at an average grade of 1.69 grams per metric ton (g/t) [2][4]. - The current estimate represents an increase of over 104% from the historical resource, which was 727,000 ounces at a grade of 5.42 g/t [3][4]. - Approximately 44% of the total inferred gold resource is amenable to open-pit extraction, while 56% is potentially mineable via underground methods [6]. Group 2: Exploration and Future Plans - The company plans to conduct a summer drill program of approximately 8,000 to 10,000 meters starting in August to further expand the resource [6]. - The focus for 2025 is to surpass the inferred two-million-ounce mark through systematic exploration [4]. Group 3: Technical Details - The effective date of the 2025 Duquesne West MRE is July 2, 2024, and it was prepared by APEX Geoscience Ltd. [7]. - The MRE includes 292 drillholes with a total of 8,229.31 meters of drilling within the estimation domains [16]. - Gold grades were estimated using Ordinary Kriging with locally varying anisotropy to ensure grade continuity [18]. Group 4: Economic Assumptions - Economic assumptions for the MRE include a gold price of USD $2,300 per ounce, a processing cost of CA$12.5 per tonne, and a general and administrative cost of CA$3.0 per tonne [10].
Nevada Lithium Announces Proposed Warrant Extension
Globenewswire· 2025-06-27 11:00
Core Points - Nevada Lithium Resources Inc. has announced the extension of the expiry date for 19,488,992 outstanding common share purchase warrants to July 7, 2027, from the previous expiry date of July 7, 2025, pending approval from the TSX Venture Exchange [1][2] - The warrants were issued in connection with a private placement completed on February 24, 2023, which raised gross proceeds of $4,585,000, and also through the conversion of $535,998 in promissory notes [1][2] - A total of 995,000 warrants have been exercised to date, with the remaining warrants allowing holders to acquire additional common shares at an exercise price of $0.20 until the new expiry date [2] Company Overview - Nevada Lithium Resources Inc. is focused on mineral exploration and development, primarily through its core asset, the Bonnie Claire Project, located in Nye County, Nevada, where it holds a 100% interest [3] - The Bonnie Claire deposit is divided into two zones: the Lower Zone and the Upper Zone, with significant lithium and boron mineralization identified [4][5] - The Lower Zone has an indicated resource of 275.85 million tonnes at 3,519 ppm lithium and 8,404 ppm boron, while the Upper Zone has an indicated resource of 188.08 million tonnes at 1,074 ppm lithium and 1,519 ppm boron [5]
Millennial Potash Intersects Additional Robust Potash Mineralization in BA-004 at Its Banio Potash Project in Gabon
Newsfile· 2025-06-26 12:00
Core Insights - Millennial Potash Corp. has successfully completed drillhole BA-004 at the Banio Potash Project in Gabon, intersecting over 100m of potash mineralization within the Salt Sequence [1][2] - The drilling results from BA-004 and BA-001-EXT have exceeded expectations, indicating significant potential for increasing the project's potash resources [2] - An updated Mineral Resource Estimate is anticipated following the interpretation of drillhole results, which will support a forthcoming Feasibility Study [2] Drilling Program Details - Drillhole BA-004 reached a depth of 667m and intersected the evaporite-bearing Salt Sequence from approximately 260m to the bottom [1] - The drillhole is located about 3.7km east of BA-001-EXT and was designed to explore the eastward extension of previously identified potash mineralization [2] - Preliminary logging indicates similarities with other drillholes, revealing approximately 7 evaporite cycles with potash mineralization present in each cycle [2] Resource Potential - The combined strike length of known potash mineralization has been extended to approximately 8,000m, potentially adding significant tonnage to the current resources [5] - Current Indicated Mineral Resource Estimate (MRE) stands at 657 million tonnes grading 15.9% KCl, while Inferred MRE is 1.159 billion tonnes grading 16% KCl [5] - The Phase 2 drilling data may facilitate upgrading some resources from Indicated to Measured status and shifting Inferred tonnage to Indicated status [5] Future Plans - Core preparation and sampling will be conducted over the next few weeks, with samples sent to the Saskatchewan Research Council for analysis [2] - The company plans to utilize the data from the Phase 2 drill program for dissolution and geotechnical test-work, which will inform the upcoming Feasibility Study [5]
Osisko Development (ODV) Earnings Call Presentation
2025-06-26 11:45
Cariboo Gold Project Highlights - Cariboo Gold Project has probable reserves of 2071 koz Au (17815 kt grading 362 g/t Au)[25, 44] - Cariboo Gold Project has measured resources of 8 koz Au (47 kt grading 506 g/t Au), indicated resources of 1604 koz Au (17332 kt grading 288 g/t Au), and inferred resources of 1864 koz Au (18774 kt grading 309 g/t Au)[25, 44] - The optimized feasibility study envisions a 10-year mine life with a base case after-tax NPV5% of $943 million and IRR of 221%[45] - The Cariboo Gold Project is expected to produce an average of 190 koz of gold per year over the life of mine, with 202 koz per year in the first 5 years[47] - The all-in sustaining cost (AISC) for the Cariboo Gold Project is estimated at US$1157/oz, and total cash cost is US$947/oz[47] - The initial capital expenditure for the Cariboo Gold Project is estimated at $881 million[47] Tintic Project Highlights - Tintic Project's Trixie deposit has measured resources of 105 koz Au (120 kt grading 2736 g/t Au) and 238 koz Ag (120 kt grading 6173 g/t Ag)[24, 139] - Tintic Project's Trixie deposit has indicated resources of 45 koz Au (125 kt grading 1117 g/t Au) and 240 koz Ag (125 kt grading 5989 g/t Ag)[24, 139] - Tintic Project's Trixie deposit has inferred resources of 51 koz Au (202 kt grading 780 g/t Au) and 315 koz Ag (202 kt grading 4855 g/t Ag)[24, 139] Capital Structure - Osisko Development Corp has a basic market capitalization of C$4178 million, with C$776 million in cash and cash equivalents[30]
Nova Pacific Drills 16.2m @ 3.2 g/t AuEq and 17.64m @ 1.92 g/t AuEq from First Assay Results at Lara VMS Project on Vancouver Island, B.C.
Newsfile· 2025-06-24 12:30
Core Viewpoint - Nova Pacific Metals Corp. has reported promising initial assay results from its ongoing exploration drilling campaign at the Lara VMS Project on Vancouver Island, indicating the presence of mineralization and supporting the company's exploration model [1][3][9]. Exploration Results - The first four drill holes, totaling 582 meters, intersected mineralization, with notable intervals enriched with precious metals [1][3]. - Hole NP25-004 intersected 16.2 meters grading 3.3 g/t AuEq, while Hole NP25-001 intersected 17.64 meters grading 1.92 g/t AuEq [6][25]. - Assays are pending from an additional seven holes totaling 1,250 meters [4][7]. Project Overview - The Lara Project spans a 17-kilometer belt within the McLaughlin Ridge Formation, which is known for hosting the past-producing Myra Falls VMS Mine [1][13]. - The ongoing Phase 1 exploration program aims to verify historical drilling data to support a current mineral resource estimate targeted for Q4 2025 [12][20]. Future Plans - The company plans to conduct verification drilling and step-out drilling to test down-plunge extensions of previously intersected mineralization [11][12]. - Nova Pacific is also evaluating additional mineralized zones across the property to define resources beyond the Coronation area [14][20]. Technical and Quality Assurance - All drill core is logged, photographed, and analyzed under strict quality assurance and quality control protocols [16]. - The company has engaged Mineit Consulting Inc. to prepare an updated technical report for the Lara Project [12][20].