Mineral Resource Estimate
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Kootenay Reports Results from Nine Holes in Ongoing Columba Drill Program
Prnewswire· 2026-01-08 12:00
Core Insights - Kootenay Silver Inc. has announced additional assay results from its ongoing 50,000-meter drill program at the Columba High Grade Silver Project in Chihuahua, Mexico, focusing on expanding known resource bodies [1][11] Drilling and Resource Expansion - The drilling program is aimed at expanding the inferred Mineral Resource Estimate (MRE) of 54.1 million ounces (Moz) of silver, based on 5.92 million tonnes (Mt) at a grade of 284 grams per tonne (gpt) [2][3] - The current drilling includes nine holes, with four targeting the D Vein and five targeting the B2/Lupe Vein System, testing extensions of known mineralized structures at approximately 100-meter spacing [3][5] D Vein Highlights - The D Vein Trend shows aggressive extension drilling, with all holes targeting intercepts around 100 meters beneath existing known mineralization, indicating the vein remains open at depth and along strike [3][11] - Significant results include a 12.9-meter interval averaging 87 gpt Ag, with deeper holes indicating a pattern of mineralization that is expected to repeat in the down dip direction [7][11] Lupe-B2 Vein System - The Lupe-B2 Trend shows strong potential for wide and high-grade mineralization, remaining open along strike and to depth [5][11] - Notable intercepts include 7.6 meters averaging 299 gpt Ag from the Lupe Vein and 4.53 meters averaging 390 gpt Ag from the B2 Vein, both within broader low-grade envelopes [13][15] Ongoing Drilling and Future Plans - The company is currently 13,000 meters into the 50,000-meter drilling program, with additional holes awaiting assay results and plans to increase the number of drill rigs at the project [11][12] - The exploration team emphasizes the potential for further expansion of high-grade resources, particularly in the B2/Lupe corridor [12][11] Corporate Developments - Kootenay Silver has extended its marketing services agreement with Sideways Frequency LLC for an additional three-month term at a cost of $250,000 [18] - The company has also raised funds through an "at-the-market" equity distribution program, generating net proceeds of $256,721 during the fiscal quarter ended December 31, 2025 [19]
Fury Reviews 2025 Achievements and Outlines 2026 Exploration Priorities
Globenewswire· 2026-01-08 11:59
Core Viewpoint - Fury Gold Mines Limited has made significant progress in 2025, including exploration drilling across multiple gold properties, portfolio expansion through the acquisition of Quebec Precious Metals, and advancements in the Eau Claire gold project with a preliminary economic assessment [1][3][5]. Group 1: 2025 Achievements - The company drilled over 18,000 meters across its portfolio in 2025, with approximately 15,200 meters completed in Quebec [3]. - The Eau Claire gold deposit demonstrated a base-case after-tax NPV5% of C$554 million and an after-tax IRR of 41% at a gold price of $2,400 per ounce, with a total gold recovery of 834,000 ounces over an 11-year mine life [7]. - An initial mineral resource estimate for the Sakami gold project was published, reporting 23.9 million tonnes grading 1.07 grams per tonne gold for 825,000 ounces [7]. Group 2: Funding and Capital Markets - The company closed a C$18 million brokered flow-through financing to support exploration and development at Committee Bay and Eau Claire [8]. - An additional equity investment of C$4.3 million was secured from Agnico Eagle Mines Limited [8]. Group 3: 2026 Outlook - Fury commenced a winter drilling program at Eau Claire, announcing a 10,000-meter program aimed at expanding mineral resources and connecting current resources to future development scenarios [6][9]. - Approximately 6,600 meters have been drilled to date, with plans to complete between 12,000 and 13,000 meters by the end of February [9]. - Exploration planning for the Committee Bay gold project includes a potential 5,000-meter drill program to test high-grade mineralization [10].
Talisker Engages SGS Canada Inc. for a Preliminary Economic Assessment and Mineral Resource Update on the Bralorne Gold Project
Globenewswire· 2026-01-07 13:00
Core Viewpoint - Talisker Resources Ltd. has engaged SGS Canada Inc. to conduct a National Instrument 43-101 compliant Technical Report, which will include a Mineral Resource Estimate and Preliminary Economic Assessment for the Bralorne Gold Project, with completion expected in Q2 2026 [1][2] Group 1: Project Details - The Mineral Resource Estimate will update the previous estimate from 2023 and will include data from an additional 138 drill holes, totaling 31,093 meters of drill core, while accounting for depletion from areas mined in 2025 [1] - The Bralorne Gold Project is currently in the commissioning and ramp-up phase [1] - Third-party consultants have been engaged to study various aspects including mining, infrastructure, process, capital and operation costs, and economic studies, which will be incorporated into the Preliminary Economic Assessment [1] Group 2: Management Commentary - The President and CEO of Talisker expressed satisfaction in engaging SGS for the update, emphasizing the importance of the PEA in supporting current operations and future growth plans [2] - The PEA will include design and infrastructure criteria for the expansion of the Mustang Mine and the new Olympus Mine, providing an independent framework for the company's operations [2] Group 3: Compliance and Standards - The Mineral Resource Estimate will adhere to the Canadian Institute of Mining (CIM) Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines (2019) [2] - The Technical Report will comply with all disclosure requirements set out for NI 43-101, and the classification of the updated mineral resource will align with CIM Definition Standards for Mineral Resources and Mineral Reserves (2014) [2]
Galantas Gold Completes Acquisition of RDL Mining Corp. and Financings for Aggregate Gross Proceeds of $15.525 Million, and Announces Updated NI 43-101 Mineral Resource Estimate
Globenewswire· 2025-12-31 15:11
Core Viewpoint - Galantas Gold Corporation has successfully completed the acquisition of RDL Mining Corp and closed a significant private placement, positioning itself for further development of the Indiana gold/copper project in Chile [1][2][4]. Group 1: Acquisition and Transaction Details - The acquisition of RDL Mining Corp allows Galantas to potentially acquire a 100% interest in the Indiana Project, contingent upon meeting certain conditions [6]. - Each RDL Shareholder received approximately 44 million Galantas Shares, totaling around 132 million shares, representing about 10% of the issued shares post-transaction [7]. - The acquisition includes inferred mineral resources of 355,516 ounces of gold and 64,690 tonnes of copper [7]. Group 2: Financing and Offerings - Galantas completed a Brokered Offering of 186,250,000 units at $0.08 per unit, raising gross proceeds of $14.9 million [2][10]. - A Non-Brokered Offering was also completed, involving 7,812,500 Galantas Shares to settle a debt of $625,000 to Ocean Partners [2]. - The net proceeds from the Offerings will be allocated to exploration work on the Indiana Project and general corporate purposes [12]. Group 3: Mineral Resource Estimate - An updated independent mineral resource estimate for the Indiana Project was completed, reporting 4,932,000 tonnes with a grade of 2.24 g/t gold and 1.31% copper [19]. - The resource estimate is based on in-vein mineralization and does not include mineralized halos, which are planned for future updates [21][23]. - The Technical Report is prepared in accordance with NI 43-101 standards and will be filed on SEDAR+ [18][23]. Group 4: Project Advancement - Galantas plans to initiate mine design activities and prepare a Preliminary Economic Assessment (PEA) for the Indiana Project [24]. - Planned work includes resource definition drilling and geotechnical drilling to support underground mine design and optimization [25]. - A commercial off-take agreement has been executed with Ocean Partners for copper-gold concentrate, supporting future project development [27].
PAN GLOBAL ANNOUNCES MAIDEN MINERAL RESOURCE ESTIMATES FOR THE ESCACENA PROJECT IN THE IBERIAN PYRITE BELT, SPAIN
Prnewswire· 2025-12-31 12:00
Core Viewpoint - Pan Global Resources Inc. has announced its maiden Mineral Resource Estimates for the La Romana and Cañada Honda deposits at the Escacena Project in southern Spain, marking a significant milestone for the company and laying the groundwork for future studies [1][4]. Group 1: Mineral Resource Estimates - La Romana Mineral Resource Estimate includes: - Measured: 26.1 million tonnes (Mt) at 0.37% Cu, 300 ppm Sn, 1.78 g/t Ag, totaling 96.0 kt Cu, 7.8 kt Sn, and 1.49 million ounces (Moz) Ag [6][8]. - Indicated: 6.3 Mt at 0.37% Cu, 148 ppm Sn, 1.25 g/t Ag, totaling 23.6 kt Cu, 0.9 kt Sn, and 0.25 Moz Ag [6][8]. - Inferred: 4.0 Mt at 0.40% Cu, 71 ppm Sn, 1.37 g/t Ag, totaling 15.8 kt Cu, 0.3 kt Sn, and 0.18 Moz Ag [6][8]. - Cañada Honda Mineral Resource Estimate includes: - Inferred: 5.0 Mt at 0.65 g/t Au, 1.17 g/t Ag, 0.14% Cu, totaling 104 koz Au, 0.2 Moz Ag, and 6.8 kt Cu [10][11]. Group 2: Technical Insights - The high proportion of Measured Resource at La Romana indicates strong continuity of the mineral system, with advanced metallurgical tests suggesting potential for producing higher-grade copper concentrates with low penalty elements [4][5]. - Both La Romana and Cañada Honda deposits are open for expansion, with ongoing exploration aimed at increasing the resource base and supporting future technical evaluations [8][9]. Group 3: Project Overview - The Escacena Project encompasses over 13,900 hectares in the Iberian Pyrite Belt, near existing mining operations, providing a favorable environment for mining activities [24][26]. - The project is strategically positioned in a region with a history of mineral production and strong infrastructure, enhancing its potential for successful development [26].
Magna Mining Files Technical Report for the Mineral Resource Estimate on the Levack Mine Property in Sudbury
Globenewswire· 2025-12-31 11:45
Core Viewpoint - Magna Mining Inc. has filed an independent technical report regarding the mineral resource estimate for the Levack Mine, enhancing transparency and compliance with industry standards [1][2]. Group 1: Technical Report Details - The technical report is prepared in accordance with National Instrument 43-101, ensuring adherence to standards for mineral project disclosures [2]. - The report is dated December 31, 2025, with an effective date of August 31, 2025, and was prepared by Orix Geoscience Inc. [2]. Group 2: Company Overview - Magna Mining Inc. operates in the Sudbury mining district of Ontario, Canada, focusing on copper, nickel, and platinum group metals (PGM) [4]. - The primary asset of the company is the McCreedy West Mine, which is currently in production, alongside a portfolio of other prospective properties including Levack, Crean Hill, Podolsky, and Shakespeare [4]. - The company aims to unlock long-term shareholder value through ongoing production, exploration potential, and near-term development opportunities [5].
Scorpio Gold Announces Further Drill Results from Manhattan District, Nevada
TMX Newsfile· 2025-12-30 11:00
Core Insights - Scorpio Gold Corp. has announced results from seven drill holes in its 2025 drilling program at the Manhattan District Project in Nevada, indicating positive expansion of the resource envelope and potential for increased mineralized tonnage [1][2]. Group 1: Drilling Program Overview - The company has completed 35 diamond drill holes in 2025, totaling 10,880 meters, with assays reported for 23 holes covering 7,711 meters, while assays for 12 holes are pending [1][2]. - The drilling aims to expand the existing resource model laterally and at depth, with results showing multiple intercepts extending mineralization beyond the current inferred resource footprint [2][3]. Group 2: Drill Hole Results - Significant results include: - Hole 25MN-030 returned 2.21 g/t gold over 7.38 meters [7]. - Hole 25MN-031 returned 0.54 g/t gold over 20.54 meters, including 1.34 g/t gold over 8.95 meters [14]. - Hole 25MN-027 contained three intervals with grades of 0.38 g/t, 0.25 g/t, and 0.52 g/t gold [9]. - Hole 25MN-028 had four intervals, with the highest grade being 2.71 g/t gold over 2.53 meters [10]. Group 3: Geological Insights - The drilling has identified both previously mapped and newly recognized mineralized structures, enhancing the understanding of the deposit's structural framework [2][4]. - Intervals with weighted average grades over 1 g/t gold are hosted in structural feeder zones, consistent with the company's geological model [4][10]. Group 4: Future Expectations - The company anticipates a consistent flow of results from ongoing drilling, with three drills currently in the field [2]. - Results from the 12 pending holes are expected to be released in the New Year, contributing to the overall understanding of the mineralization potential [2][7]. Group 5: Project Background - The Manhattan District has historically produced approximately 700,000 ounces of gold and is situated near the Round Mountain Gold Mine, which has produced over 15 million ounces [25]. - The maiden mineral resource estimate for the project indicates 18,343,000 tonnes grading 1.26 g/t gold, totaling 740,000 ounces of contained gold in the inferred category [25].
Millennial Potash Files Updated Mineral Resource Estimate Report for Its Banio Potash Project
TMX Newsfile· 2025-12-29 21:45
Core Viewpoint - Millennial Potash Corp. has filed an updated technical report for the Banio Potash Project, indicating significant mineral resources in Gabon as of November 11, 2025 [1]. Group 1: Technical Report Details - The technical report titled "Updated Mineral Resource Estimate for the North Target of the Banio Potash Project" was completed by ERCOSPLAN Ingenieurgesellschaft Geotechnik und Bergbau mbH and authored by Dr. Sebastiaan van der Klauw [1]. - The updated mineral resource estimate includes a total measured and indicated resource of 2,452.73 million tonnes (MT) with a potassium chloride (KCl) grade of 15.61% [2]. Group 2: Resource Classification - The resource classification details are as follows: - Measured: 648.19 MT at 15.72% KCl - Indicated: 1,804.54 MT at 15.57% KCl - Inferred: 3,559.49 MT at 15.61% KCl [2]. Group 3: Qualified Persons - The information in the news release has been reviewed and approved by qualified persons, Dr. Sebastiaan van der Klauw and Peter J. MacLean, ensuring compliance with National Instrument 43-101 [3].
Update on Construction of Calcatreu Project
Globenewswire· 2025-12-29 09:41
Core Viewpoint - Patagonia Gold Corp. is advancing the construction of its flagship Calcatreu project in Rio Negro, Argentina, with expectations to commence leaching in Q1 2026 [1][3]. Project Overview - The Calcatreu project is located 85 km south of Ingeniero Jacobacci and features a low sulfidation, epithermal gold and silver system with surface mineralization [2]. - The total measured and indicated mineral resources are estimated at 9.84 million tonnes with an average grade of 2.11 g/t Au and 19.8 g/t Ag, yielding approximately 669 thousand ounces of gold and 6.3 million ounces of silver [3]. Construction Progress - Construction began in Q1 2025 after receiving all necessary permits in Q4 2024, with mining activities starting in August 2025 [3]. - The explosives storage magazine was completed in August 2025, capable of storing 75 tonnes of explosives, and blasting services have been outsourced to Enaex [4]. - The first section of the leach pad has been completed, with electric leak location tests scheduled for January 2026 [4]. Chemical and Infrastructure Developments - A chemical storage facility with a capacity of 120 tonnes was completed in December 2025, with 80 tonnes of product already on site [5]. - The carbon in column section of the plant is nearing completion, expected to finish in January 2026, with plans to transport loaded carbon to Santa Cruz temporarily [6]. - Infrastructure includes a camp for 192 people, with half of the facilities commissioned and power sourced from three 1MW diesel generators [7]. Workforce and Community Engagement - The project currently employs 135 individuals, primarily recruited from Ingeniero Jacobacci and the surrounding region [8]. - The company maintains communication with local communities and authorities, who are satisfied with the project's progress [9]. Future Plans - The company has engaged NCL Ingeniera y Construccion to update the mineral resource and reserve estimates, with a new technical report expected in Q2 2026 [10].
Xali Gold Closes Acquisition of Pico Machay Gold Project
Globenewswire· 2025-12-24 21:20
Core Viewpoint - Xali Gold Corp. has successfully closed the acquisition of the Pico Machay Gold Project in Peru, which is at an advanced exploration stage and aims for near-term production [1][2]. Acquisition Details - The acquisition involved purchasing Minera Calipuy S.A.C., the owner of Pico Machay, from Pan American Silver Corp. and Aquiline Resources Inc. [1] - An initial cash payment of US$500,000 was made to finalize the acquisition, with total cash payments amounting to US$17 million over the next five years [2][4]. - The payment schedule includes deferred payments of US$1.5 million in the first and second years, US$4 million in the third year, US$3 million in the fourth year, and US$4.5 million upon the commencement of commercial production [2][4]. Financial Arrangements - Payments are secured by Promissory Notes and a first-priority Share Pledge Agreement over Calipuy's shares, along with a Mortgage Agreement over both Pico Machay and the Las Brujas II property [3]. - The Promissory Notes do not bear interest before maturity and are guaranteed by Calipuy and Candente Gold Peru S.A.C. [3]. Project Potential - The historical resource estimate for Pico Machay was based on a long-term gold price of US$700 per ounce, indicating significant upside potential in the current gold price environment [2]. - The company plans to update the historical resource estimate and optimize previous engineering studies to advance the project towards production [2]. Mining Rights and Regulations - Calipuy holds 100% interest in 17 mining rights associated with the Pico Machay Project, which are in good standing and valid until 2039 if production has not commenced by then [5]. - There is a 1% Net Smelter Return royalty on the El Alcatraz 4 concession, which is perpetual and covers all metals [6]. Community Engagement - Xali Gold aims to engage with the local Santa Ana community to advance the Pico Machay Project under a mutually beneficial framework [10].