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Silver Bullet Mines Returns 23.6 oz/ton Gold From Concentrate at KT Mine in Arizona
Newsfile· 2025-09-18 19:07
Core Viewpoint - Silver Bullet Mines Corp. (SBMI) has reported highly successful results from a bulk sample taken from the KT Mine in Arizona, indicating significant gold and silver values that align with historical data from the previous owner [1][4]. Group 1: Acquisition and Sampling - SBMI acquired the KT Mine on July 23, 2025, and processed approximately 50 tons from a 400-ton waste material sample, yielding an average of 0.3 oz/ton gold, with peaks of 1.8 oz/ton [2]. - Additional random samples from the concentrate were sent to Activation Laboratories Ltd. for analysis, revealing gold values as high as 23.6 oz/ton and silver values reaching 28 oz/ton [3]. Group 2: Processing and Operations - The company is currently shipping more material from the KT Mine to the mill for processing to produce a concentrate for sale [4]. - SBMI has improved site access and secured the area, with ongoing efforts to define the vein structure, which has been traced for over 1000 feet [5][6]. Group 3: Future Prospects - The KT property and the Super Champ Mine are believed to have significant potential for high-grade gold and silver production, prompting SBMI to work on increasing mill capacity and adding circuits for mineral recovery [9]. - The company is awaiting results from a third-party multi-element analysis on concentrate from the Super Champ Mine to advance the sales process [10].
Decade Resources Reports Expanded Exploration at the North Mitchell Property, Golden Triangle, BC
Newsfile· 2025-09-18 12:00
Core Viewpoint - Decade Resources Ltd. is expanding its exploration efforts at the North Mitchell Property in British Columbia due to positive results from a recent reconnaissance program, indicating potential for significant mineralization in the area [1][10]. Exploration Details - The 2025 field program will include detailed sampling of gossanous base metal-bearing outcrops to determine the width, strike length, and gold-silver tenor of the mineralization [7]. - The North Mitchell Property is located near several significant deposits, including KSM's Iron Cap and Snowfield deposits, which have combined resources of 36.1 million ounces and 34.9 million ounces of gold, respectively [5]. Geological Context - The property is underlain by Hazelton Group volcanic and intrusive rocks, with structures interpreted as splays of the Brucejack Fault, suggesting the potential for an epithermal Au-Ag system with a porphyry source [9]. Resource Estimates - The combined number of reported gold ounces within eight deposits around the North Mitchell Property is estimated at 201.67 million ounces, excluding significant amounts of silver and copper [2].
NorthWest Maintains Option on a Portion of the Arjay Project
Globenewswire· 2025-09-18 11:00
Core Viewpoint - NorthWest Copper is committed to advancing its Arjay project, which is part of its broader strategy to enhance shareholder value through mineral exploration and potential partnerships [1][2][3] Company Overview - NorthWest Copper is a copper-gold exploration and development company with a portfolio of advanced and early-stage projects in British Columbia, including Kwanika-Stardust, Lorraine-Top Cat, and East Niv [13] - The company is focused on responsible mineral exploration and collaborates with First Nations to ensure sustainable development practices [13] Arjay Project Details - The Arjay project spans approximately 4,800 hectares and is located about 50 kilometers south of Centerra Gold Inc.'s Kemess project [1] - The project is seen as having high potential for new porphyry copper and gold deposits, with a focus on enhancing exploration through potential agreements and transactions [2][3] Exploration Targets - The Arjay project includes three main high-potential targets: North Ridge, Asitka Lake Area, and Arjay target [4] - North Ridge target has shown promising results with a rock sample returning 3.9% Cu, 156.8 ppm Ag, and 12.9 ppm Mo [4] - Asitka Lake Area target has a historic silt sample of 244 ppm Cu, indicating further exploration is warranted [5] - The Arjay target features a quartz shear zone with samples producing 13.3% and 57.3% Cu, suggesting significant mineralization potential [6] Option Agreement and Financials - Under the Option Agreement, the company is required to make increasing cash and share payments, with the next payment due by September 30, 2025, amended to $37,500 in cash and $87,500 in Common Shares [7][8] - The company has also entered into debt settlement agreements totaling $54,660, to be settled by issuing 188,483 Common Shares at a deemed price of $0.29 per share [9][10] Management and Governance - The company has granted 150,000 stock options to its CFO, Mr. Sapan Bedi, with an exercise price of $0.29, vesting over three years [11]
Orestone Expands Francisca Gold - Silver Project to Nine Square Kilometres in Salta Argentina
Newsfile· 2025-09-17 11:56
Core Viewpoint - Orestone Mining Corp. has expanded its Francisca Gold-Silver Project in Salta, Argentina, by adding approximately two square kilometers of land, enhancing its exploration potential for gold deposits [1][2]. Company Developments - The company can acquire up to an 85% interest in the Francisca property through cash payments and exploration expenditures totaling US$4,200,000 over seven years [1]. - An amending agreement has been made with Argentinian vendors to include the additional land in the Option Agreement for a payment of US$10,300 [1]. Exploration Plans - Orestone plans to conduct detailed mapping and trench re-sampling followed by drilling to test the gold system, aiming to define an oxide gold deposit suitable for open-pit mining [2]. - A two-phase exploration program is designed, with Phase 1 involving detailed mapping and sampling of approximately 580 rock chip samples, and Phase 2 consisting of a 1200-meter reverse circulation drill program with 8 drill holes [10]. Geological Insights - Geologic mapping has identified an oxide gold stock-work mineralized trend with a northwest strike length of 1100 meters, indicating potential for a larger intrusive body at depth [3]. - The newly acquired lands cover the potential extension of the mineralizing system, with historic shallow mine workings indicating mineralization measuring approximately 400 meters by 200 meters [6]. Previous Sampling Results - The South Zone, the most prominent target, has shown high-grade gold values ranging from 0.03 to 33 g/t, with an average of 5.78 g/t gold and 29.2 g/t silver [7][8]. - Sampling was conducted under strict quality control measures, with samples analyzed for gold and multi-element analysis [9].
Allegiant Begins Extensive Core Drilling Program to Test High Grade Gold Discovery at Eastside Project's McIntosh Zone
Thenewswire· 2025-09-10 14:20
Core Insights - Allegiant Gold Ltd. has initiated a fully-funded 2,000 metre diamond core drill program at the McIntosh zone of the Eastside Gold-Silver Project to explore vertical extensions of high-grade gold discoveries [1][4] - The Eastside Project currently has an inferred resource of approximately 1.4 million ounces of gold and 8.8 million ounces of silver, with only a small portion of the area explored [1][8] - The 2025 drilling program aims to build on the success of the 2021 campaign, which reported the highest-grade intercepts at Eastside [4] Program Details - The current drill program will consist of three holes (ES-331, ES-337, ES-338) totaling around 2,000 metres, as part of a larger 20,000 metre drilling initiative [6] - Holes ES-331 and ES-338 will test vertical extensions of previously drilled holes down to 600 metres, while hole ES-337 is designed to intersect various structures in the high-grade zone [6] - Results from the drilling are expected in October and November 2025 [6] Historical Context - The 2021 drilling campaign returned significant results, including hole ES-243 which reported 148 metres of 2.6 g/t Au, and hole ES-239 which reported 3.1 metres of 39.0 g/t Au [6] - The exploration model for the Eastside Project is based on over 60,000 metres of drilling and various geological data, indicating a strong correlation between mineral grade and known structures [4] Company Overview - Allegiant Gold Ltd. owns three gold projects in the mining-friendly jurisdiction of Nevada, with the Eastside project being the flagship [9] - Less than 20% of the Eastside property has been explored, indicating significant potential for resource expansion [9] - Preliminary metallurgical testing suggests that both oxide and sulphide gold mineralization at Eastside can be processed through heap leaching [9]
Trident Resources Announces Option Agreement to Acquire Up to 100% Interest in Reindeer Project, Saskatchewan
Globenewswire· 2025-09-09 12:30
Core Viewpoint - Trident Resources Corp. has entered into a property option agreement to acquire up to a 100% interest in the Reindeer Project, located in Saskatchewan, which is expected to enhance its exploration portfolio in a region known for gold and base metals deposits [1][7]. Acquisition Highlights - The Reindeer Project consists of 10 contiguous mineral claims covering 26,910 hectares in northern Saskatchewan, situated along a major geological fault system known for hosting significant gold deposits [3][8]. - The property is strategically located near key uranium operations and is not subject to any royalties, with claims in good standing until at least October 2027 [4][8]. - Historical work on the property has identified multiple mineral showings, including gold, copper, zinc, and silver, with notable grades such as 0.16–0.60 oz/t Au and up to 0.77% Cu [8]. Strategic Importance - The acquisition connects Trident's Knife Lake and Greywacke projects, facilitating a consolidated exploration corridor that allows for more efficient and cost-effective exploration [7][8]. - The Reindeer Project is viewed as the largest land acquisition to date for Trident, providing significant opportunities for new discoveries in a highly prospective area [7][8]. Agreement Terms - The agreement allows Trident to acquire the property through staged payments and share issuances, with specific terms for earning interests at 50%, 75%, and 100% [8][14]. - If Trident does not acquire the full 100%, a joint venture will be formed to advance the property further [9].
First Majestic Reports Positive Exploration Results at Los Gatos
Newsfile· 2025-09-03 20:34
Core Viewpoint - First Majestic Silver Corp. announced positive exploration results from its drilling programs at the Los Gatos Silver Mine, indicating significant mineralization of silver and base metals, which supports expectations for meaningful growth in Mineral Resources [1][2][3] Exploration Results - The exploration drilling targeted the South-East Deeps, Central Deeps, and North-West Deeps zones, with significant mineralization intersected across all three areas [3][7][11] - Notable drill hole intercepts include: - South-East Deeps: GA-SE-611 reported 9.0 meters at 366 g/t AgEq, including intervals with grades up to 742 g/t AgEq [3][4][16] - Central Deeps: GA-CZ-617 reported 3.7 meters at 534 g/t AgEq, with significant zinc and lead grades [5][16] Company Strategy - The acquisition of Gatos Silver was driven by the exploration potential of the Los Gatos district, and the latest drilling results reinforce this strategic decision [2] - Ongoing drilling aims to expand mineralization and confirm the continuity of the orebody, with future drilling planned to target down-plunge potential [8][11] Technical Details - The drilling programs follow established Quality Assurance/Quality Control protocols, ensuring the reliability of the assay results [20][21] - Significant intervals are calculated using length-weighted averages of uncapped sample assays, with a minimum AgEq grade of 140 g/t [19] Future Outlook - The company plans to continue its exploration efforts throughout 2025, with a focus on refining areas of interest and confirming mineralization controls in the Central and North-West Deeps zones [11][12]
Drilling Commences at Sherlock Crossing Gold-Antimony Prospect
Globenewswire· 2025-09-03 20:15
Core Viewpoint - The company is excited to initiate reverse circulation (RC) drilling at the Sherlock Crossing Project in West Pilbara, targeting high-grade gold-antimony mineralization, marking a significant milestone in its exploration strategy [2][4][6]. Exploration Activities - The maiden RC drilling program at Sherlock Crossing consists of 8 holes over approximately 1,000 meters, focusing on high-grade Au-Sb mineralization at the historic Clarke Mine [6][7]. - The company is also advancing geological understanding at the Southeast Wyloo prospect through reconnaissance field mapping and sampling, preparing it for drilling [4][10]. - In New South Wales, the company is actively exploring its gold assets, including ongoing fieldwork at Tibooburra and progressing regulatory approvals for the John Bull Gold Project, with drilling expected to commence in Q4 2025 [5][24][27]. Results and Findings - Previous rock chip sampling at Sherlock Crossing yielded grades of up to 4.7% Sb and 146.7 g/t Au, indicating strong potential for mineralization [7][8]. - Peak results from the Wyloo project include 482 g/t Ag, 1.29% Sb, and 0.93 g/t Au, confirming coherent Sb-Ag-Au anomalies in the area [6][11]. - The company anticipates completing the RC drilling at Sherlock Crossing by September 2025, with results expected in mid-October [21]. Future Plans - The company plans to conduct follow-up drilling at the Wyloo project in Q4 2025, pending necessary approvals [23]. - At the Balla Balla gold project, follow-up work is planned to assess polymetallic anomalies identified in the Q2 2025 drilling program [18][20]. - The company is also preparing for a maiden RC drilling program at the John Bull Gold Project, targeting four key areas [27].
Canterra Minerals Defines Multiple Large-Scale Drill Targets from Property-Wide 3D IP Survey at the Buchans Project and Begins Discovery-focused Phase 3 Drilling
Globenewswire· 2025-09-03 11:01
Core Insights - Canterra Minerals Corporation has identified multiple large-scale, high-priority anomalies at its Buchans Project in Central Newfoundland through a deep-penetrating 3D Induced Polarization survey, indicating potential for significant mineral discoveries [1][4][5] Survey Results - The 3D IP survey defined five primary large-scale anomalies with geophysical signatures comparable to known mineralized zones, suggesting the presence of significant sulphide accumulations [5] - The survey successfully imaged the subsurface to depths of up to 800 meters, surpassing the limits of most historical exploration efforts [5] Drilling Program - Canterra has initiated Phase 3 of its fully funded 10,000-meter drill program, with 6,000 meters currently underway targeting the highest-priority IP anomalies [2][9] - New drill targets include Sandfill Deep, Clementine South, West Clementine, and Nu Area, each characterized by significant geophysical anomalies [10] Historical Context - The historic Buchans Mine was one of the world's highest-grade VMS deposits, producing 16.2 million tonnes at an average grade of 14.5% Zn, 7.6% Pb, 1.3% Cu, 1.37 g/t Au, and 126 g/t Ag [5] Project Overview - The Buchans Project spans 95 km² and includes both the past-producing Buchans Mine and the undeveloped Lundberg deposit, which is characterized by near-surface stockwork sulphide mineralization suitable for open-pit development [12]
Harvest Gold Announces Mosseau Drill Program Update; Urban Barry Regional Till Program Completed
Thenewswire· 2025-08-28 17:10
Core Insights - Harvest Gold Corporation has commenced its diamond drill program at the Mosseau Gold Project, successfully completing the first five drill holes [1] - The drilling is focused on the northern part of the Mosseau property, which is characterized by historical gold showings and geological features that indicate strong potential for new discoveries [2] - The drill program is progressing on time and within budget, with effective collaboration from contractors ensuring efficient operations [3] Drilling Program Details - The northern mineralized corridor of the Mosseau property is a key focus area for the current drilling program, aimed at expanding known zones of mineralization [2] - Harvest Gold has completed its regional till sampling program ahead of schedule and under budget at the Urban-Barry property, which is intended to identify new geochemical vectors for potential gold mineralization [4] - A total of 137 till samples were collected from the planned 145, with most samples taken from depths of at least one meter to reach lodgment till, which is crucial for identifying gold mineralization [6][7] Company Overview - Harvest Gold Corporation is focused on exploring near-surface gold deposits and copper-gold porphyry deposits in stable mining jurisdictions, with a management team that has over 400 years of collective geological and financing experience [8] - The company has three active gold projects in the Urban-Barry area, covering a total of 20,016.87 hectares across 377 claims [9] - The Mosseau Gold Project is located in a region that straddles the Eeyou Istchee-James Bay and Abitibi territories, with a commitment to building positive relationships with local Indigenous communities [9][10]