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Sasquatch Resources Corp. Acquires Mineral Claims South of Chilliwack near the USA Border
Newsfile· 2025-11-27 12:30
Core Viewpoint - Sasquatch Resources Corp. is acquiring 14 mineral claims known as the Slesse Gold Claims, covering approximately 1,989 hectares near Chilliwack, British Columbia, close to the USA border [1][2]. Acquisition Details - The acquisition includes 11 claims covering about 1,567 hectares through an asset purchase agreement with Justin Deveault, a director of the company [1][11]. - An application has been made for 3 additional claims covering approximately 422 hectares, with an expected registration confirmation timeframe of 60 to 120 days [1][2]. Historical Context - The additional claims applied for encompass the former Mountain Goat Mines, which were active in the early 1900s and contain several historic mining waste piles [2]. - Historical exploration in the Mountain Goat Mines area suggests the presence of gold-bearing quartz veins of considerable grade [6]. Exploration Activities - Sasquatch's CEO reported extensive mineralization in the Slesse Gold Claims area, including large float boulders, outcrops, and quartz veins [6]. - The company has taken several samples from the area and anticipates reporting results once received [6]. Related Party Transaction - The agreement with the vendor includes a covenant for Sasquatch to utilize the vendor for exploration activities, provided compliance with applicable laws and market rates [11][12]. - The vendor will receive a 2% net smelter returns royalty on the claims, with an option for Sasquatch to buy back half of the NSR for $1,000,000 [11]. Company Overview - Sasquatch Resources Corp. focuses on mineral exploration, with interests in various properties including the Mount Sicker Property, Blue Grouse Property, Santana Property, and the newly acquired Slesse Gold Claims [13].
Argyle Resources Corp. Receives Permits and Begins Drilling Program at Lac Comporté Silica Project, Quebec
Newsfile· 2025-11-27 11:00
Core Insights - Argyle Resources Corp. has received all necessary permits and has commenced its drilling program at the Lac Comporté Silica Project in Quebec, Canada [1][3] - The drilling campaign will involve up to 3,000 meters of NQ-sized core, focusing on areas with promising results from the summer field program, which identified a significant quartzite horizon [2][3] Drilling Program Details - The planned drilling will target a kilometric horizon of quartzite, with four samples returning assays of up to 98% SiO2, including a high-grade result of 98.52% SiO2 [2][6] - The drilling program includes multiple drill collars with varying depths, totaling approximately 2,900 meters [5] Sample Analysis - The best silica results from the prospecting program include samples with SiO2 content of 98.52%, 98.42%, 98.19%, and 98.18%, all sourced from quartzite [8][6] - Analytical protocols for the samples were conducted by ALS Canada Ltd., utilizing XRF finish for lithogeochemistry [10] Company Background - Argyle Resources Corp. is a junior mineral exploration company focused on acquiring and evaluating natural resource properties in North America, including silica projects in Quebec [11] - The company is engaged in a research partnership with the National Institute of Scientific Research (INRS) to conduct exploration programs on its silica projects [11]
Rockland Resources Announces Gold Sampling Results up to 145 g/t Gold at Cole Gold Mine Property, Red Lake Mining District
Thenewswire· 2025-11-26 13:00
Core Insights - Rockland Resources Ltd. announced initial gold assay results of up to 145 g/t from its Cole Gold Mine Property, located in the Red Lake Gold Mining District, Ontario [1][2] - The company appointed Danae Voormeij as Chief Geologist, who brings over 20 years of experience in gold and copper exploration [5][6] Gold Assay Results - The Fall 2025 prospecting program yielded gold assays of up to 111 g/t and 145 g/t from grab sampling of veins [2][7] - A total of 37 rock and vein samples were collected, with 22 results returned from the lab, while 15 samples are pending [2][11] - Notable samples include: - Sample ID 489969: 145.0 g/t Au from a quartz vein with visible gold [4] - Sample ID 489968: 111.0 g/t Au from a quartz vein with visible gold [4] Appointment of Chief Geologist - Danae Voormeij, PGeo, has been appointed as Chief Geologist, recognized for her expertise in orogenic gold systems and geological modeling [5][6] - Voormeij previously led the discovery of a multi-million gold deposit in Liberia and serves on the boards of Miata Metals and Sky Gold Corp [5] Future Plans - The company plans to conduct drilling and trenching programs in 2026 to further explore the identified gold-bearing veins [7][11] - Upcoming activities include drilling to a vertical depth of 400m to verify the 3D-modelled gold-vein system at the Cole Gold Mine [11] Property Insights - Fieldwork in 2025 identified multiple visible-gold-bearing vein targets on the Cole Gold Property, in addition to the existing vein system [6][10] - The location of the 2025 sampling indicates significant geological structures that control gold mineralization [8][10]
Q-Gold initiates Second Drill Campaign of 2025 at its Mine Centre Gold Project
Globenewswire· 2025-11-25 22:00
Currently targeting strike extension of the gold-bearing veinsTORONTO, Nov. 25, 2025 (GLOBE NEWSWIRE) -- Q-Gold Resources Ltd. (TSXV: QGR; OTCQB: QGLDF) ("QGold" or the "Company") is pleased to announce commencement of its second diamond drilling campaign of 2025 at the Mine Centre Gold Project in northwestern Ontario. Rodren Drilling of Winnipeg, Manitoba has again been engaged as the drilling contractor. Critical Discoveries, a prominent geological consulting firm, also based in Winnipeg, Manitoba has bee ...
Paradigm Gold Receives 5 Year Drill Permit for Swift Katie Gold-Copper Property, BC
Newsfile· 2025-11-25 14:00
Core Viewpoint - Paradigm Gold Corporation has received a 5-year drilling permit for the Swift Katie Gold-Copper Property in British Columbia, allowing for exploration until December 31, 2030 [1]. Drilling Plans - Preparation for drilling is set to begin in early 2026, focusing on expanding gold mineralization identified in a 2017 drill program at the Swift Target, with an initial plan of 2,000 meters of drilling [2]. - The drilling will target areas around the TR19 zone and SK17-019, which previously assayed 8.6 meters of 3.1 grams per tonne (g/t) Au [2]. Mineralization Insights - The Katie Copper-Gold Porphyry target has also been permitted for drilling, with semi-continuous, strongly anomalous Cu-Au mineralization outlined over a cumulative strike length of 1.8 kilometers [3]. - Highlights from previous drilling at the Katie Target include 101.5 meters of 0.19% Cu and 0.12 g/t Au, including 12.8 meters of 0.43% Cu and 0.15 g/t Au from hole VKT08-069 [3]. Property Overview - The Swift Katie Project consists of 19 contiguous MTO mineral claims covering 83 square kilometers in a geologically favorable area of British Columbia, historically known for significant mining camps [4]. - Drilling to date has identified three accumulations of semi-continuous Cu-Au mineralization over a cumulative strike length of 1,800 meters, with plans for eight infill holes totaling 2,600 meters to enhance mineralization size and continuity [5]. Exploration Potential - The Au-Ag zones at the Swift target show promise for further exploration based on encouraging results from drilling in 2016 and 2017, with mineralization hosted in altered volcaniclastic rocks of the Elise Formation [6]. - The geological environment may indicate a transition from a porphyry to an epithermal system, similar to mineralization styles found in the historic Rossland Mining Camp, located 25 kilometers west of the property [6]. Company Background - Paradigm Gold has an experienced management and exploration team with a successful track record in North America, focusing on quality projects to enhance shareholder value [7]. - The company's flagship property is the 100% owned Swift-Katie Cu/Au project, which benefits from year-round access and excellent infrastructure [7].
Spartan Metals Doubles Tungstonia Exploration and Mining Claims
Thenewswire· 2025-11-25 13:00
Core Insights - Spartan Metals Corp. has expanded its land position at the Eagle Tungsten-Silver-Rubidium Project by staking an additional 201 claims, increasing the total claims to 353, covering 7,131 acres [1][2][7] - The new claims are adjacent to existing Tungstonia claims and are expected to enhance the exploration potential for high-grade critical metals [4][7] - The company has commenced trading on the Frankfurt Stock Exchange under the symbol "J03," which is seen as a milestone for expanding its shareholder base [5][6][7] Company Developments - The newly staked claims cover 4,054 acres, more than doubling the previous acreage at the Tungstonia claim block [2][7] - The exploration team identified these areas as having high potential for mineralization similar to existing findings at Tungstonia, which previously produced tungsten and silver [4][7] - The ongoing field exploration program will include soil and rock sampling, mapping, and geophysics, covering the newly staked claims [7] Project Overview - The Eagle Project is positioned as one of the largest and highest-grade tungsten and rubidium districts in the United States, with historical production from the Tungstonia and Rees/Antelope mines [8][9][14] - The project spans approximately 36.5 km² and includes significant mineralization types such as Porphyry, Skarn, and Carbonate Replacement deposits [10][14] - Historical tungsten production from the Tungstonia and Rees/Antelope mines totaled 8,379 units at grades between 0.6%-0.9% WO3 [8][9]
Pinnacle Flies LiDAR Survey at El Potrero
Thenewswire· 2025-11-24 13:30
Core Insights - Pinnacle Silver and Gold Corp. has conducted an airborne LiDAR survey over the El Potrero gold-silver project in Durango, Mexico, covering an area of 11 km², with results expected by mid-December [1][2] Company Overview - Pinnacle Silver and Gold Corp. focuses on developing precious metals projects in the Americas, particularly the El Potrero project, which is characterized by an underexplored low-sulphidation epithermal vein system [9] - The company also owns the Argosy Gold Mine and the North Birch Project in Ontario, indicating a diversified portfolio in high-grade mining assets [9] Project Details - The El Potrero project is located in the Sierra Madre Occidental region, near four operating mines, including the 4,000 tpd Ciénega Mine [5] - The project features high-grade gold-silver mineralization within a low sulphidation epithermal breccia vein system, with significant exploration potential due to a lack of modern systematic exploration over the past 40 years [6] - A previously operational 100 tpd plant on-site can be refurbished for near-term production, with road access and power supply within three kilometers [7] Survey Significance - The LiDAR survey aims to enhance geological understanding by mapping features related to mineralization that may not be visible at the surface, thus aiding in the planning of future drilling programs [2][3] - The technology is expected to help identify old mine workings and other features that could indicate previously unknown mineralization [3] Ownership and Financial Strategy - Pinnacle will earn an initial 50% interest in the project upon commencing production, with plans to increase ownership to 100% through generated cash flow, which is seen as a less dilutive approach for shareholders compared to equity financing [8]
Cruz Battery Metals Announces Closing of Private Placement to Fund Work Programs on its Nevada & Ontario Projects
Newsfile· 2025-11-21 08:01
Core Viewpoint - Cruz Battery Metals Corp. has successfully completed a private placement financing, raising a total of $488,438 to fund work programs on its lithium and gold/copper projects in Nevada and Ontario [1][3]. Financing Details - The company issued 14,982,750 units at a price of $0.0326 per unit, with each unit consisting of one common share and one share purchase warrant [1]. - The financing included cash finder's fees of $26,210 and the issuance of 744,000 non-transferrable share purchase warrants [2]. Use of Proceeds - Net proceeds from the financing will be allocated to work programs on the Solar Lithium Project in Nevada and the Sterling South Gold/Copper Project in Ontario [3]. - The company has discovered lithium in all 14 drill holes during the first four phases of drilling on the Solar Lithium Project [3]. Market Context - Lithium prices are currently at year highs, and there has been renewed interest in domestic lithium projects following recent developments in the sector [4]. - The company aims to produce a Maiden Resource Estimate for the Solar Lithium Project in the first half of 2026 [4]. Project Overview - Cruz Battery Metals has several projects focused on battery metals, including the Solar Lithium Project, Clayton Valley Lithium Brine Project, and the Sterling South Gold/Copper Project [9]. - The Solar Lithium Project spans 4,938 acres, while the Sterling South Gold/Copper Project consists of approximately 2,500 acres [9].
Gold confirmed in 8 of 9 holes at Mt Turner - ICYMI
Proactiveinvestors NA· 2025-11-21 06:20
Core Viewpoint - Lightning Minerals Ltd has confirmed significant gold mineralisation at its Mt Turner project, marking a successful phase one drilling campaign and indicating a target-rich environment for future exploration [1][5][6]. Drilling Results - Gold mineralisation was confirmed in eight out of nine drill holes along the Drummer Fault, with notable intersections of high-grade gold and base metals like zinc [1][6]. - The known mineralised strike has been extended to 12.00 kilometres, with high-grade samples including one result of 22 grams per tonne gold recorded approximately 2.50 kilometres west of Pit 6 [2][6]. Project Potential - The Mt Turner project hosts multiple mineral systems, including copper porphyry, base metals, and gold, indicating a diverse exploration opportunity [2][6]. - Historical mining activities from the 1980s and 1990s have already suggested the region's potential, with six pits now included in the exploration focus [3][8]. Future Plans - A phase two drilling campaign is planned, prioritising targets based on recent soil and rock chip data, with Pit 3 and Pit SA likely to be the starting points [4][9]. - Approximately 20% of phase two drilling will be dedicated to Wildcat targets, focusing on areas with strong structural indicators and positive geochemical results [4][10]. Company Focus - Mt Turner has quickly become the core focus for Lightning Minerals, providing a strong platform for further exploration into 2026 [5][10]. - The company aims to build a resource based on the promising results from the initial drilling and ongoing exploration efforts [3][6].
First Drill Hole Commenced and Second Drill Rig has Arrived at Choquelimpie Project
Thenewswire· 2025-11-20 14:00
Core Viewpoint - Norsemont Mining Inc. has commenced its Phase 3 exploration drill program at the Choquelimpie project in northern Chile, targeting higher-grade gold mineralization in the Vizcacha hydrothermal breccia [1][3]. Phase 3 Drill Program - The Phase 3 program will involve up to 5,000 meters of diamond drilling using two drill rigs, with drilling expected to continue through late December [1]. - The program aims to evaluate down-dip extensions of high-grade gold mineralization, consisting of up to 20 holes averaging 250 meters in length [4]. - The first hole, MV25-DD01, has been collared at an elevation of 4,694 meters, oriented at an azimuth of 275 degrees, inclined at 70 degrees, with a target depth of 225 meters [6][8]. Management Insights - CEO Marc Levy expressed excitement about the potential for higher-grade gold zones at depth beneath the current resource, emphasizing the significance of the first hole in testing previously indicated higher-grade mineralization [3]. - The company is nearing completion of an engineering report for a 3,000 TPD plant and plans to update its near-term production strategy this quarter [3]. Technical Oversight - The Phase 3 exploration program is supervised by Roman Flores, a qualified person with the Commission Minera Chile [7]. - Drill core samples will be assayed at Activation Geological Services SpA, an ISO 17025 certified laboratory in Coquimbo, Chile [5]. Company Background - Norsemont Mining owns a 100% interest in the Choquelimpie gold-silver-copper project, which has over 143,000 meters drilled across 1,710 drill holes and significant existing infrastructure [13]. - The company is focused on responsible and sustainable resource development, leveraging modern exploration techniques to enhance shareholder value [13].