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Prismo Metals Announces Assay & IP Results at Silver King
Thenewswire· 2025-12-03 08:30
Core Insights - Prismo Metals Inc. has announced assay results from the Silver King Project, highlighting high-grade copper mineralization at the Black Diamond target and significant gold values at the Crown porphyry intrusion target [1][3][4] Exploration Results - The Black Diamond replacement target showed several rock chip samples with copper assays exceeding 1% Cu, with two samples over 5% Cu [3] - The Crown porphyry intrusion exhibited lead and zinc values, with two vein samples yielding high gold values of 4 and 5 g/t [4] IP Survey Findings - The initial phase of the IP survey revealed low resistivity anomalies associated with the Black Diamond body and potential structures similar to the Magma mine [11][12] - Chargeability anomalies were identified, indicating the presence of disseminated sulfides, with one anomaly linked to the stockwork intrusion [13] Drilling Plans - The company plans to conduct a fully funded drill program focusing on the historic Silver King mine site, targeting a minimum of 1,000 meters to explore the mineralized body and adjacent areas [19] - The Forest Service has approved the company's drill plan, confirming it meets regulatory requirements [20] Financing Update - Prismo has completed a second closing of a non-brokered private placement, raising gross proceeds of $1,910,000, which will primarily fund drilling at the Silver King project [21][23] - The second tranche was increased from 1,250,000 Units to 1,650,000 Units due to strong investor demand [21] Quality Assurance - Samples were analyzed by SGS, with controls in place to ensure the accuracy of the results [27]
TSX-V: TT Announces Closing of Tranche 1 of Financing for $2.71MM
Thenewswire· 2025-12-02 22:45
Core Viewpoint - Total Metals Corp. has successfully closed the first tranche of its non-brokered private placement financing, raising gross proceeds of C$2,713,500 [1]. Financing Details - Under Tranche 1, the Company issued 3,015,000 units at a price of C$0.90 per unit, with each unit consisting of one common share and one warrant [2]. - Each warrant allows the holder to acquire an additional common share at an exercise price of C$1.15 for a period of 36 months [2]. - The Company paid cash finder's fees totaling C$62,064 and issued 68,960 finder warrants to eligible finders [4]. Use of Proceeds - The net proceeds from the offering are intended for advancing the Electrolode Project, High Lake and West Hawk Lake Projects, as well as for working capital and general corporate purposes [3]. Project Overview - Total Metals Corp. focuses on its 100% owned Electrolode project, which covers 3,000 contiguous hectares and targets high-potential mineral resources in favorable geologic trends [5]. - The Electrolode project is strategically located near major mines and is fully permitted for exploration drilling, hosting 10 historic mineralized zones with significant expansion potential [5]. - The High Lake project has significant exploration potential, particularly in the Purex Zone, while the West Hawk Lake project consists of 23 mining claims totaling 336 hectares [5].
Wallbridge Mining Company Limited (WM:CA) Presents at Metals & Mining Virtual Investor Conference 2025 Transcript
Seeking Alpha· 2025-12-02 22:43
Core Insights - Wallbridge Mining Company is focused on exploring the Northern Abitibi region, with significant discoveries at the Fenelon Gold project and Martiniere [4] Group 1: Company Overview - Wallbridge Mining Company trades on the OTCQB Venture Market under the symbol WLBMF and on the TSX under the symbol WM [1][2] - The company has approximately 3.5 million ounces of total resources at the Fenelon Gold project, with half indicated and half inferred [4] - At the Martiniere project, Wallbridge has about 0.75 million ounces, again with half indicated and half inferred [4] Group 2: Recent Developments - A Preliminary Economic Assessment (PEA) has recently been completed for the Fenelon Gold project [4] - The mineralization at Fenelon is on trend with the Detour Lake mine, indicating potential for further exploration and development [4]
PAAS Reports Strong 2025 Exploration Results Across Operating Mines
ZACKS· 2025-12-02 17:55
Core Insights - Pan American Silver Corp. (PAAS) reported strong drilling results for its operating mines, advancing its long-term exploration strategy to replace and grow mineral resources [1] Exploration Results - At the Jacobina mine in Brazil, PAAS drilled 56,074 meters from November 2024 to October 2025, focusing on infill drilling and extending mineral resources across seven known deposits, confirming potential for further resource expansion [2] - At the El Peñon mine in Chile, PAAS drilled 94,825 meters, including 60,600 meters of infill drilling, and completed an additional 34,225 meters of exploration drilling to delineate new inferred mineral resources [3][4] - The Huaron mine saw 35,844 meters drilled, focusing on delineating new inferred mineral resources and 8,780 meters of infill drilling [5] - At Minera Florida in Chile, PAAS completed 69,838 meters of infill and exploration drilling across several core mine structures, while Cerro Moro in Argentina had 34,764 meters of exploration drilling [5] - The La Colorada mine in Mexico had 22,996 meters drilled from July 2025 to October 2025, targeting a highly prospective replacement-style target [6] - Overall, PAAS drilled a total of 540,000 meters in 2025 across multiple regions and core mine structures [8] Stock Performance - In the past year, PAAS shares increased by 119.3%, compared to the industry's 138.9% rise [7]
Norsemont Drilling Program Update at Choquelimpie
Thenewswire· 2025-12-02 14:00
Core Viewpoint - Norsemont Mining Inc. has completed the initial diamond drill hole and commenced two additional drill holes as part of its Phase 3 exploration program at the Choquelimpie project in northern Chile, indicating a strong focus on high-grade gold mineralization [1][3]. Group 1: Phase 3 Drill Program - The Phase 3 drill program aims to evaluate down-dip extensions of higher-grade gold mineralization (>1 gram/tonne Au) within hydrothermal breccia zones, consisting of up to 20 holes averaging 250 meters in length [4]. - The program is being conducted using two diamond drill rigs, with a total of up to 5,000 meters of diamond drilling planned, scheduled to continue through late December [1][4]. Group 2: Management Insights - CEO Marc Levy expressed confidence in the potential for substantial high-grade gold zones at depth and along strike below the existing open-pit resource, highlighting the transformative nature of the Phase 3 drill program [3]. - The company anticipates providing further updates to shareholders as drilling progresses and results become available [3]. Group 3: Technical Details - The first drill hole, MV25-DD01, has been completed to a depth of 300 meters, intersecting the Vizcacha hydrothermal breccia with moderate to strong pyrite mineralization [7][11]. - The second hole, MV25-DD02, is also targeting the Vizcacha Hydrothermal Breccia, while the third hole, MV25-DD03, is designed to explore the Choque Zone at depth, below previously calculated higher gold grades [8][11]. Group 4: Operational Aspects - Norsemont has engaged DV Drilling Ltd. to conduct the Phase 3 exploration program, utilizing truck-mounted diamond drills operating on a 24-hour schedule [5]. - Drill core samples will be prepared and analyzed at certified facilities in Chile, ensuring quality control in the exploration process [6].
Sitka Drills 121.0 Metres of 0.75 g/t Gold and 26.0 Metres of 1.28 g/t Gold Within 249.9 Metres of 0.58 g/t Gold, Significantly Expanding Mineralization Beyond the Current Resource Boundary at Its Eiger Deposit, RC Gold Project, Yukon
Newsfile· 2025-12-02 13:42
Sitka Drills 121.0 Metres of 0.75 g/t Gold and 26.0 Metres of 1.28 g/t Gold Within 249.9 Metres of 0.58 g/t Gold, Significantly Expanding Mineralization Beyond the Current Resource Boundary at Its Eiger Deposit, RC Gold Project, YukonDecember 02, 2025 8:42 AM EST | Source: Sitka Gold Corp.Step out drilling at Eiger continues to return broad intervals of significant gold mineralization beyond the current Mineral Resource Estimate ("MRE") boundary at the Eiger deposit, which remains open in all ...
Glenstar Hires Alloy Drilling for Phase 2 Drill Program at Green Monster Project
Newsfile· 2025-12-02 13:29
Core Viewpoint - Glenstar Minerals Inc. has engaged Alloy Drilling to conduct a Phase 2 drill program at the Green Monster Project following the approval of a permit by the Bureau of Land Management [1][2]. Drilling Program Details - Alloy Drilling will use a track-mounted reverse circulation drill to execute a plan that includes drilling nine holes across four locations, covering approximately 300 meters of strike length exploration [2]. - The drilling will focus on two holes in the area of primary drilling from Phase 1, three holes in the "discovery" zone 150 meters west of the Phase 1 site, and two holes each at two additional sites further west along a mineralized belt [2]. Survey and Planning - The final determination of drill hole locations will be made in consultation with Hasbrouck Geophysics, Inc., based on a report from a Hybrid-Source Audio-Magnetotellurics Survey conducted in mid-November [3]. - The HSAMT survey data was collected at 50-meter intervals along 13 lines over the target zone, which will aid in optimizing drill hole locations, angles, and depths for potential high-grade mineralization [3]. Company Statements and Engagements - Glenstar's CEO, Dave Ryan, expressed anticipation for the HSAMT survey results, which will inform the final drill location plan, with drilling expected to commence in mid-December and conclude before the Christmas holiday [4]. - The company has extended its engagement with Altura Media Co Inc. for an additional CDN$250,000 to provide marketing and investor awareness services, focusing on enhancing Glenstar's visibility in both domestic and foreign markets [4]. Project Background - The Green Monster Property consists of 35 federal lode claims covering approximately 700 acres in Clark County, Nevada, located about 40 miles southwest of Las Vegas [7]. - Prior to the recent drill program in May 2025, no drilling had been conducted on the property, but previous sampling in 2022 indicated robust nickel-copper with anomalous cobalt, suggesting several targets suitable for shallow drilling [7][8]. Mineralization Findings - Initial groundwork in 2022 included geological mapping and sampling, revealing significant mineralization with channel samples returning 1.18 meters of 3.77% copper, 3.06% nickel, 0.21% cobalt, and 6.83% zinc [8]. - Additional sampling confirmed the presence of high levels of zinc (>10%) and silver (>200 ppm), along with copper, uranium, and lead [8]. Company Overview - Glenstar Minerals Inc. focuses on exploring and developing critical mineral and energy metal properties essential for advanced electronics and energy technologies [9]. - The company's shares are traded on multiple exchanges, including the Canadian Securities Exchange under the symbol "GSTR" [10].
Belmont Resources Receives Drill Permit For Crackingstone Uranium-Ree Project, Saskatchewan
Thenewswire· 2025-12-02 13:00
Core Insights - Belmont Resources Inc. has received a multi-year drill permit for its Crackingstone Uranium–REE Project, allowing for extensive exploration activities [1][3][11] - The project is located near Saskatchewan's uranium-rich Athabasca Basin, benefiting from excellent infrastructure and proximity to Uranium City [7][12] - Historical drilling results from 2008 confirmed uranium mineralization across all 20 holes, indicating significant potential for renewed exploration [4][5] Permit Details - The drill permit, known as Crown Land Work Authorization (CLWA), is valid until November 30, 2028, and covers the Crackingstone Project area [2] - The authorization allows Belmont to conduct various exploration activities, including drilling and geophysical surveys [1][2][8] Historical Context - The 2008 drilling program was successful, with all holes intersecting uranium mineralization, but exploration was halted due to the 2008 financial crisis [4][5] - Modern geophysical data supports the potential for significant mineralized corridors, warranting renewed drilling efforts [5][6] Project Preparation - Belmont is finalizing drill locations and preparing for the 2026 drilling program, including contractor selection and access route optimization [6][15] - Preparatory work involves integrating geological and geophysical data into the final drill layout [6] Mineralization Potential - The Crackingstone property has shown historic grab sample grades of up to 15.6% U₃O₈, with previous mining yielding 11 tons at an average grade of 2.3% U₃O₈ [10] - Three major mineralized corridors have been identified, totaling 10 kilometers in length, associated with high-grade uranium occurrences [10]
South Atlantic Gold Expands Pedra Branca Land Package with Two New Tenement Filings and Advances Magnetic Inversion & Structural Targeting
Thenewswire· 2025-12-02 13:00
Core Insights - South Atlantic Gold Inc. has filed two new mineral exploration tenement applications in Ceará State, Brazil, expanding its Pedra Branca land package to over 52,000 hectares [1][2] - The new applications cover approximately 3,970 hectares and are strategically located along priority magnetic and structural features [1][2] - The company is advancing its technical analysis, including magnetic inversion and structural interpretation, to identify priority drill targets [2][5] Technical Progress - 3D susceptibility models from UAV magnetic surveys have been completed, revealing NE-trending structures consistent with shear-related mineralization models [5] - Reduction-to-pole (RTP) processing has improved source localization, highlighting anomalies in underexplored northern blocks [5] - Initial inversion of government TMI/RTP data has been completed, with higher-resolution inversion pending [5] Regional Context - The new tenements include 1,978 hectares across Pedra Branca, Independência, and Boa Viagem municipalities, and 1,992 hectares in Pedra Branca municipality [5] - Regional structures appear to align with project-scale anomalies, reinforcing the broader exploration potential [5]
Lion Rock Drilling Update for High-Grade Gold-Lithium Project at Volney, South Dakota
Newsfile· 2025-12-02 12:20
Core Insights - Lion Rock Resources Inc. is advancing its inaugural drill program at the Volney Project in South Dakota, which has historically produced high-grade gold, lithium, and tin [1][10]. Financial Position - The company completed a financing round of $5.3 million in Q3 2025, providing sufficient funds to support its multi-phase exploration and drilling program at the Volney Project [2]. Drilling Progress - The drill program is progressing well, with multiple holes intersecting sulphide mineralization and strong alteration consistent with high-grade gold mineralization observed at the surface [4]. - All six drill holes targeting pegmatites have encountered spodumene-bearing zones, indicating potential for high-grade lithium [5]. - A total of ten drill holes have been completed, totaling approximately 2,400 meters, targeting both gold-bearing horizons and lithium-bearing pegmatites [5]. Geological Findings - Drill core samples have shown characteristics similar to surface mapping, with grab samples returning up to 14.0 g/t Au [5]. - Spodumene has been identified in multiple pegmatite intercepts, with drillhole VOL25-009 intersecting two spodumene-bearing zones [5]. Project Overview - The Volney Project is strategically located in the Black Hills, a historically significant mining region, and is home to the Giant Volney pegmatite, which remains untested at depth [10]. - The project is accessible year-round and consists of private claims with surface and mineral rights, facilitating rapid permitting and advancement [10].