Mineral Resource Estimate
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Military Metals Announces the Commencement of Resource Confirmation Drilling at the Flagship Trojarova Antimony Gold Project, European Union
Newsfile· 2025-11-04 12:30
Core Insights - Military Metals Corp. has initiated a 10-hole, 2500-meter drilling campaign at the Trojarová Antimony Gold Project in Slovakia, aiming to confirm historical resource estimates and advance the project [1][2][6] Drilling Campaign Details - The drilling campaign consists of 10 diamond drillholes, with 7 holes designed to confirm historical drilling results and update the ongoing mineral resource estimate by SLR Consulting [5][6] - Three holes are intended to test the deposit for northwest strike continuity, potentially expanding the known deposit [5][7] Historical Context and Resource Estimates - The Trojarová Project has a historical resource estimate from 1992, indicating 2.46 million tonnes at an average grade of 2.47% antimony and 0.635 grams per tonne gold, with approximately 60,000 tonnes of antimony in situ [3][18] - The historical resource was classified as "P1" in the Slovak version of the Russian classification system, comparable to "Inferred Mineral Resources" in modern standards [3][18] Management Changes - David Murray has been appointed as Vice President of Exploration, bringing 15 years of international mineral industry experience [2][8] - His primary focus will be on defining and growing mineral resources at Trojarová and other critical metals projects [9] Future Plans and Objectives - The current drilling program supports the completion of a modern mineral resource estimate for the Trojarová Project, expected to be finalized early in 2026 [2][6] - The company aims to unlock the geological potential of its antimony portfolio and assess additional opportunities [9]
White Gold Corp. Increases High-grade Gold Mineralization at Golden Saddle Intersecting 6.9 g/t Gold over 50.2 Metres in the Main Zone and Expands the High-Grade Footwall Breccia and Hanging Wall Mineralization
Globenewswire· 2025-11-04 12:00
Core Insights - White Gold Corp. reported significant assay results from its 2025 diamond drilling program at the Golden Saddle deposit, highlighting high-grade mineralization with 6.89 g/t Au over 50.2 meters in the Main Zone and 6.89 g/t Au over 2.8 meters in the footwall breccia target, marking one of the best intervals ever drilled on the property [2][21][24] Summary by Sections Drilling Results - The first drill hole, WHTGS25D0218A, confirmed continuity of high-grade mineralization in the footwall and main zones, filling a 150-meter gap and expanding the known mineralization [2][21] - The hole also intersected mineralization in the hanging wall, returning 0.75 g/t Au over 3.00 meters, supporting recent 3D modeling refinements [2][21] Resource Estimates - The White Gold project hosts an estimated 1,732,300 ounces of gold in indicated resources and 1,265,900 ounces in inferred resources, with significant potential for expansion [4][32] - The 2025 exploration program aims to enhance resource growth opportunities within and adjacent to existing deposits [21][22] Strategic Focus - The company has shifted its strategy to focus on flagship deposits, identifying opportunities for resource growth by testing the extent and continuity of mineralization in parallel zones [5][21] - The ongoing drilling program is fully funded and supported by strategic partners, including Agnico Eagle Mines Limited [2][21] Future Exploration Plans - Additional assays from two more holes at the Golden Saddle and two at the Arc deposit are pending, expected to refine the geological model and contribute to resource growth [22][24] - The company is preparing for a future preliminary economic assessment (PEA) while continuing district-wide data compilation and target generation [23][24]
ATEX Announces Filing of Technical Report for Valeriano Project on Updated Mineral Resource Estimate
Newsfile· 2025-11-03 23:12
Core Viewpoint - ATEX Resources Inc. has filed an independent technical report detailing an updated mineral resource estimate for its Valeriano copper-gold project in Chile, highlighting significant resources and ongoing exploration potential [1][19]. Summary by Sections Technical Report and Resource Estimate - The Technical Report, effective November 3, 2025, complies with National Instrument 43-101 standards [1]. - The updated mineral resource estimate includes an Indicated Resource of 475 million tonnes at 0.88% copper equivalent and an Inferred Resource of 1,511 million tonnes at 0.75% copper equivalent, both at a cut-off grade of 0.35% Cu [5][19]. High-Grade Resource and Drilling Results - The B2B Zone has an Indicated Resource of 28.4 million tonnes at 1.36% CuEq and an Inferred Resource of 2.6 million tonnes at 1.05% CuEq, indicating high-grade components are open for expansion [5]. - Recent drilling results from the Phase VI program reported record grades, with one hole intersecting 164 meters of 2.72% CuEq, including sections of 86 meters at 3.77% CuEq and 40 meters at 4.73% CuEq [5][6]. Exploration Potential - The ongoing Phase VI drilling program, with six diamond drill rigs active, aims to further define the high-grade B2B Zone, which has the potential to significantly expand the volume of high-grade mineralization at Valeriano [6][19]. - The project has over 500,000 ounces of Inferred gold oxide material at surface, presenting future exploration and upside potential [5]. Cost Efficiency - The project boasts low discovery costs of $0.0049 per pound of copper, indicating a cost-effective exploration environment [5].
QGold Commences Trading on OTCQB® under QGLDF on the Venture Market
Globenewswire· 2025-11-03 12:30
Core Points - Q-Gold Resources Ltd. has commenced trading on the OTCQB Venture Market under the symbol "QGLDF," enhancing access for U.S. shareholders [1][2][3] - The company plans to broaden its investor base and advance exploration and engineering programs following an updated mineral resource estimate for the Quartz Mountain Gold Project [3][10] - Q-Gold intends to initiate the federal and state permitting process for the Quartz Mountain Gold Project, including applications under the FAST-41 program [4] Company Information - Q-Gold Resources Ltd. is focused on advancing gold and silver projects in mining-friendly jurisdictions across North America, with shares listed on multiple exchanges [8][9] - The company has granted 10,450,000 stock options to directors, officers, and consultants, with an exercise price of $0.20 per option for five years [5] - The updated Mineral Resource Estimate includes an indicated resource of 1.543 million ounces of gold at a grade of 0.96 g/t and an inferred resource of 0.148 million ounces at a grade of 0.77 g/t [10]
Denarius Metals Announces Updated Mineral Resource Estimate for Its Zancudo Project in Colombia, Upgrading 23% to Indicated Resources; Preparing to Commence Next 15,000 Meters of Drilling at Zancudo
Newsfile· 2025-11-03 12:00
Core Viewpoint - Denarius Metals Corp. has announced an updated Mineral Resource Estimate (MRE) for its Zancudo Project in Colombia, showing a 23% upgrade to indicated resources and plans to commence a new drilling campaign of 15,000 meters [1][3][17]. Summary by Sections Updated Mineral Resource Estimate - The updated MRE indicates 979,000 tonnes of indicated resources grading 6.9 g/t gold and 84 g/t silver, totaling 217,000 ounces of gold and 2.7 million ounces of silver [5][7]. - Inferred resources increased by 13% to 4.6 million tonnes grading 5.6 g/t gold and 84 g/t silver, totaling 832,000 ounces of gold and 12.5 million ounces of silver [5][7]. Drilling Campaign and Future Plans - The company is preparing for a new drilling campaign of 15,000 meters, targeting high-grade structures and aiming to convert inferred resources to indicated resources [4][6][17]. - The drilling will focus on four primary objectives, including surface in-fill drilling at the Brisas target and the El Castaño target, as well as underground drilling at the Independencia Mine [18]. Project Development and Economic Assessment - The Zancudo Project is fully permitted for production, with a new 1,000 tonnes per day flotation processing plant under construction [4][18]. - An updated preliminary economic assessment (PEA) is being prepared, reflecting the positive impact of the 2024 in-fill drilling campaign and current metal prices [3][4]. Geological and Technical Details - The mineralization at the Zancudo Project occurs in stacked mantos and steeply dipping veins, with a known vertical extent of 400 meters [5][7]. - The updated MRE is based on 47,329 meters of diamond drilling across 194 holes, including 7,225 meters from the 2024 drilling campaign [5][7].
Firefly Metals hits high-grade copper zone at Green Bay - ICYMI
Proactiveinvestors NA· 2025-10-31 03:27
Core Insights - FireFly Metals Ltd has announced further high-grade copper-gold intercepts from its Green Bay project in Canada, confirming a continuous high-grade core zone extending for 800.00 metres in strike length, remaining open at depth and along trend [1][8]. Drilling Results - The high-grade zone measures between 30.00 and 50.00 metres wide, with a key intercept returning 43.00 metres at 7.60% copper, including an internal interval of 15.00 metres at 16.00% copper equivalent, highlighting the presence of gold credits [2][9]. Project Development - Following a summer break, drilling and assay work has resumed rapidly, with the company focusing on upgrading its existing indicated resource from 24.00 million tonnes to between 30.00 and 50.00 million tonnes, supporting a scoping study scheduled for release at the end of Q1 2026 [3][11][12]. Drilling Operations - Eight drill rigs are currently operating at Green Bay, with six positioned underground for infill drilling and two conducting surface exploration, targeting areas that have never been tested [4][14]. Future Expectations - An updated mineral resource estimate is expected by the end of the current quarter, with a second resource update planned for early 2026 ahead of the scoping study [5][10]. The company anticipates steady news flow as drilling and exploration continue across the project [5][14].
Orosur Mining expands exploration footprint at Anzá and El Pantano projects
Yahoo Finance· 2025-10-30 14:45
Core Insights - Orosur Mining has reported significant gold grades from new assays at the Pepas prospect within the Anzá gold project in Colombia, with PEP066 showing 112m at 5.25 grams per tonne of gold from the surface [1] - The company holds full ownership of the exploration titles at the Anzá project, which covers approximately 330km² and includes multiple prospects [2] Exploration and Development - The focus is on expanding exploration at the Pepas prospect, with plans to develop an initial mineral resource estimate (MRE) [3] - Soil geochemistry at El Cedro has indicated high-grade potential, and a second porphyry has been identified for future exploration, with drilling expected to start in early 2026 [3] - APTA has undergone 38,000m of drilling, but further drilling is needed to achieve an MRE, with plans to expedite this process in late 2025 [4] New Projects - A drill rig has arrived at the El Pantano project in Argentina to commence initial drilling, which spans around 550km² in the resource-rich Deseado Massif [5] - Orosur Mining owns a 51% stake in the El Pantano project and has committed to invest $1 million in exploration by February 2025 [6] Strategic Positioning - The CEO of Orosur Mining stated that following a recent capital raising, the company is positioned well to explore and capitalize on the buoyant gold market through a strategy of geological selection and 100% ownership [7]
Canuc Begins Drilling at East Sudbury Project (ESP)
Newsfile· 2025-10-30 13:00
Core Insights - Canuc Resources Corporation has initiated a diamond core drilling program at its East Sudbury Project (ESP) to explore gold mineralization [1][6] - The company acquired 100% ownership of the ESP on May 8, 2025, and has since verified historical gold assay data, identifying multiple gold prospects [2][9] - The drilling program aims to provide infill data for previously identified gold zones, with the goal of calculating a maiden Mineral Resource Estimate for Gold Lens 1 [6][7] Company Overview - Canuc Resources Corporation is a junior resource company with a 100% interest in the East Sudbury Project, which spans 19,710 hectares and is located near the Sudbury Mining Camp [9] - The ESP includes the historical Scadding Gold Mine and is associated with critical and precious metal mineralization [9] - The company also holds a 100% interest in the San Javier Silver-Gold Project in Mexico and generates cash flow from natural gas production at its MidTex Energy Project in Texas [10][12] Drilling Program Details - The drilling program will focus on a well-defined zone of gold mineralization adjacent to the historical North Pit gold mine, with a mineralized zone measuring 80 m x 3 m x 100 m [3][4] - Historical assay results from the mineralized zone show a range from less than 1 g/t to highs of 735.51 g/t, with the best intersection reported at 36.27 g/t Au over 12.27 m [4][5] - A minimum of 15 drill holes are planned for this phase to gather fill-in information for areas not previously tested [4][6]
Pasofino Gold Announces Annual Meeting Results Shareholders Approve All Matters
Newsfile· 2025-10-29 14:44
Core Viewpoint - Pasofino Gold Limited announced that all proposals submitted to shareholders at its annual general and special meeting were approved, reflecting strong shareholder support with over 75% approval for each matter voted on [1][2]. Group 1: Meeting Results - Four matters were voted on and received greater than 75% approval, with approximately 83 million shares voted at the meeting [2]. - The company expressed gratitude to its shareholders for their continued support [2]. Group 2: Company Overview - Pasofino Gold Limited is a Canadian-based mineral exploration company listed on the TSX Venture Exchange, owning 100% of the Dugbe Gold Project prior to the Government of Liberia's 10% carried interest [11]. - The Dugbe Gold Project spans 1,410 km² in southern Liberia and is located within the Birimian Supergroup, known for hosting significant West African gold deposits [4]. Group 3: Project Details - The Dugbe Gold Project has two identified deposits, Dugbe F and Tuzon, with a combined Mineral Resource Estimate of 3.3 million ounces (Moz) at an average grade of 1.37 g/t Au, and an additional 0.6 Moz in Inferred resources [5]. - A Definitive Feasibility Study completed in June 2022 led to a Mineral Reserve Estimate based on open-pit mining over a 14-year Life of Mine [6]. Group 4: Future Plans - The company is focusing on updating the feasibility study for the Dugbe Gold Project to support project financing efforts aimed at commencing construction in 2026 [10].
Gold Terra Announces Drill Targets Near Surface Along the Campbell Shear South of the Con Mine, Yellowknife, NWT
Accessnewswire· 2025-10-27 11:00
Core Viewpoint - Gold Terra Resource Corp is advancing its drilling program along the Campbell Shear in the Yellorex Trend, with the potential to increase its mineral resource estimate (MRE) due to favorable gold prices exceeding US $4000 per ounce [1][3]. Company Update - The 2025-2026 drill program targets are located along the Campbell Shear south of the historic Con Mine, where a Mineral Resource Estimate (MRE) was outlined in 2022 [1]. - The company has the right to acquire 100% of the Con Mine Option (CMO) property from Newmont Corporation until November 21, 2027 [2]. - The near-surface drilling targets have been finalized, focusing on areas with a potential average grade of 6 g/t using a lower cut-off grade [3]. - Gold Terra's land tenure covers over 70 kilometers of strike length in a historically high-grade gold belt in Canada [3]. Drilling Targets - The Yellorex Trend drilling targets include: - Yellorex Main Zone (YRX), which accounts for over 65% of the 2022 MRE [5]. - Yellorex North (YRX-N), drilled in 2023, not included in the 2022 MRE [5]. - C17 area, which requires drilling on a 50-meter spacing between surface and 600 meters vertical [5]. - Historical drill intersections from the C17 area include: - CON-C1707: 4.79 g/t Au over 8.08m - CON-C1708: 3.20 g/t Au over 7.62m [5]. Mineral Resource Estimate - The October 2022 MRE was based on a 3.50 g/t cut-off, with potential for lower cut-off grades to be tested in upcoming drilling [6]. - The CMO Deposit MRE has been estimated at various cut-off grades, demonstrating sensitivity to gold prices [6]. - The company aims to raise the confidence level of future resource estimates through planned exploration drilling [6]. Project Overview - The Yellowknife Project encompasses 918 sq. km of land near Yellowknife, controlling one of Canada's major high-grade gold camps [8]. - The project is strategically located within 10 kilometers of vital infrastructure, enhancing operational efficiency [8]. - The CMO property claims are immediately south of the past-producing Con Mine, which produced 6.1 million ounces of gold from 1938 to 2003 [8][9].