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Lancaster Strengthens Gold Portfolio with Completion of Lake Cargelligo Acquisition
Globenewswire· 2025-07-07 11:00
VANCOUVER, British Columbia, July 07, 2025 (GLOBE NEWSWIRE) -- Lancaster Resources Inc. (CSE:LCR) (OTC Pink:LANRF) (FRA:6UF0) ("Lancaster", the "Company") is pleased to announce the completion of its acquisition of 100% of the Lake Cargelligo Gold Project, a district-scale exploration property in the famed Cobar mining district of New South Wales, Australia. Effective June 30, 2025, the acquisition was completed by Lancaster Gold Australia Pty Ltd., a wholly owned subsidiary established to lead exploration ...
Intrepid Metals Secures Additional Mineral Rights Adjacent to Rio Tinto at Corral Copper
Newsfile· 2025-07-02 11:00
Core Insights - Intrepid Metals Corp. has expanded its Corral Copper Property by acquiring additional mineral rights, enhancing its regional footprint in Cochise County, Arizona [1][2] - The new claims add approximately 2,195 acres (888 hectares) to the Corral land package, bringing total holdings to 11,715 acres (4,741 hectares) [2] - The acquisition strategically positions Intrepid alongside major industry player Rio Tinto, following Rio Tinto's recent claims acquisition in the area [1][3] Company Developments - The CEO of Intrepid Metals expressed confidence in the district's potential and commitment to developing a significant copper asset in a tier-one jurisdiction [3] - The Corral Copper Property is located near historical mining areas, with a rich mining history dating back to the late 1800s [4][10] - Intrepid has access to a historical digital drill hole archive database, which aids in exploration targeting and planning [4] Exploration Potential - The district has over 50,000 meters of historical drilling data, primarily focused on the Ringo, Earp, and Holliday Zones, which Intrepid is leveraging for ongoing exploration [4][7] - The company aims to combine modern exploration techniques with historical data to advance the Corral Copper Property towards development studies [7]
ValOre Reports Results from Successful 87 Hole Trado® Auger Drilling Campaign at Pedra Branca, Including 10.0 m at 12.95 g/t 2PGE+Au from Surface
Globenewswire· 2025-07-02 11:00
Core Viewpoint - ValOre Metals Corp. is advancing its Pedra Branca Platinum Group Elements (PGE) Project in Brazil, focusing on high-quality gold exploration and development opportunities while achieving significant exploration results from recent drilling activities [1][2][4]. Exploration Highlights - The recent Trado auger drilling program at the Esbarro deposit involved 87 holes, with over 560 meters of PGE-bearing rock intercepted, confirming high-grade mineralization [5][6]. - Notable assay results include a standout from hole AD25ES99, which reported 10.0 meters grading 12.95 g/t 2PGE+Au, including 4.0 meters at 29.57 g/t 2PGE+Au [2][11]. - A total of 74 out of 87 holes returned PGE mineralization, with 28 holes exceeding 10 gram-metres in grade-thickness values [5][6]. Regulatory Advancements - Brazil's National Mining Agency (ANM) has approved the Final Exploration Reports for key mineral claims within the Pedra Branca Project, allowing the claims to enter the Mining Concession application phase [12][13]. - This regulatory milestone enhances the project's development readiness and enables intensified technical de-risking and project development work [13]. Metallurgical and Engineering Developments - Ongoing metallurgical testwork is being conducted in collaboration with the University of Cape Town, focusing on optimizing PGE recoveries from various rock domains, with preliminary results expected by the end of July [6][12]. - Preliminary water supply studies are set to begin in the second half of 2025 as part of preparations for a future Preliminary Economic Assessment (PEA) [6]. Resource Potential - The Pedra Branca project hosts a total inferred resource of approximately 2.2 million ounces (Moz) of 2PGE+Au, with significant exploration and resource expansion potential identified [21][12].
Inventus Signs Milling Agreement With McEwen Mining
Globenewswire· 2025-07-02 11:00
Core Viewpoint - Inventus Mining Corp. has signed a milling agreement with McEwen Mining for processing bulk sample material from its Pardo Gold Project, marking a significant milestone for the company [1][5]. Milling Agreement - The milling agreement allows Inventus to process up to 5,000 tonnes per month, totaling up to 45,000 tonnes at McEwen's Stock Mill [2]. - A previous bulk sample of 1,000 tonnes processed in 2017 yielded an average grade of 4.2 grams per tonne (gpt) gold with an 89% recovery rate, with potential recoveries up to 95% under optimized conditions [2]. Bulk Sample Update - Extraction of a 5,000-tonne bulk sample from the 007 North site is progressing well, with waste removal completed and gold mineralization being prepared for crushing and trucking to the Stock Mill [3]. - Processing of the 007 North material is expected to begin in late July, with ongoing bulk samples planned into the first half of 2026 [3]. Drilling Update - Grade-control drilling resumed on June 25 to define the remaining 30,000 tonnes of the planned 45,000-tonne bulk sample program, following the successful initial phase that defined the first 15,000 tonnes [4]. - The drilling will also support Phase 2 resource drilling to identify additional gold mineralization in preparation for a maiden resource estimate [4]. Company Overview - Inventus Mining Corp. is focused on mineral exploration and development in the Sudbury mining district, with a 100% interest in the Pardo Paleoplacer Gold Project and the Sudbury 2.0 Critical Mineral Project [8]. - The Pardo project is noted as the first significant paleoplacer gold discovery in North America [8].
Commencement of Trading on OTCQX in the U.S.
Globenewswire· 2025-07-01 06:00
Core Viewpoint - Amaroq Minerals Ltd. has been approved to trade on the OTCQX Best Market in the U.S., enhancing its visibility and trading opportunities for U.S. investors [3][4]. Company Overview - Amaroq Minerals is an independent mine development corporation focused on unlocking Greenland's mineral potential, with its shares continuing to trade on multiple exchanges including AIM, TSX-V, and NASDAQ Iceland [3][5]. - The company's principal asset is a 100% interest in the Nalunaq Gold mine, along with a portfolio of gold and strategic metal assets in Southern Greenland [8]. Trading Details - Trading on the OTCQX will commence under the ticker symbol "AMRQF" [3]. - The admission to OTCQX ensures that U.S. investors have access to the same level of information and disclosure as those in the UK, Canada, and Iceland [4]. Strategic Goals - The CEO of Amaroq expressed optimism that increased visibility on the OTCQX will expand the company's global reach and support from U.S. investors [6].
VIZSLA SILVER CLOSES US$100M BOUGHT DEAL OFFERING
Prnewswire· 2025-06-26 15:29
Core Viewpoint - Vizsla Silver Corp. has successfully completed a bought deal public offering of 33,334,000 common shares at a price of US$3.00 per share, raising gross proceeds of US$100,002,000 to fund various projects and corporate purposes [1][3]. Group 1: Offering Details - The offering was led by Canaccord Genuity and included a syndicate of underwriters such as CIBC Capital Markets and BMO Capital Markets [1]. - An over-allotment option has been granted to the underwriters to purchase up to an additional 5,000,100 common shares at the offering price within 30 days of the closing date [1]. - The offering was conducted under a final prospectus supplement dated June 23, 2025, and is subject to final approval from the Toronto Stock Exchange [2]. Group 2: Use of Proceeds - The net proceeds from the offering are intended to advance the exploration and development of the Panuco Project, explore the Santa Fe Project, pursue potential future acquisitions, and cover working capital and general corporate purposes [3]. Group 3: Company Overview - Vizsla Silver is a Canadian mineral exploration and development company focused on the Panuco silver-gold project in Sinaloa, Mexico, which is 100% owned by the company [6]. - A Preliminary Economic Study for the Panuco project indicates an annual production of 15.2 million ounces of silver equivalent over a mine life of 10.6 years, with an after-tax NPV of US$1.1 billion and an IRR of 86% [6].
Nova Pacific Metals Appoints Dario Garousian to Advisory Board
Newsfile· 2025-06-12 12:30
Core Viewpoint - Nova Pacific Metals Corp. has appointed Dario Franco Garousian to its strategic advisory board, enhancing its government relations and public affairs capabilities as it advances exploration at the Lara Project [1][3][9]. Company Overview - Nova Pacific is a Canadian exploration and development company focused on the Lara Volcanogenic Massive Sulfide (VMS) Project located on Vancouver Island, British Columbia. The company holds an option to acquire a 100% interest in the Lara Project, which has a significant historical resource rich in critical and precious metals [11]. Appointment of Dario Garousian - Dario Garousian brings over 11 years of experience in government affairs and public outreach, having worked as a political strategist and policy advisor to BC Premiers and provincial cabinet ministers. His expertise will assist the company in building partnerships and navigating regulatory dynamics [3][4][5]. - Garousian's background includes extensive engagement with First Nations communities, which is crucial for Nova Pacific as it prioritizes early and meaningful partnerships with Indigenous groups [4][8]. Commitment to Indigenous Engagement - Nova Pacific recognizes the rights of Indigenous Peoples in Canada and is committed to respectful engagement with First Nations communities, particularly regarding its Lara Project, which is located on the Traditional, Ancestral, and Unceded Territories of the Hul'qumi'num Treaty Group [7][8]. - The company aims to align its mineral exploration and development activities with local priorities and cultural protocols, fostering mutually beneficial partnerships with Indigenous groups [8][10].
Global Uranium Corp. Announces LIFE Offering for up to C$1,500,000
Globenewswire· 2025-06-11 00:43
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, June 10, 2025 (GLOBE NEWSWIRE) -- Global Uranium Corp. (CSE: GURN | FRA: Q3J) (the “Company”) is pleased to announce that it intends to complete a non-brokered private placement financing (the “Offering”) of a minimum of 1,666,666 units of the Company (each, a “Unit”) and a maximum of 10,000,000 Units, at a price of C$0.15 per Unit, for gross minimum proceeds of C$250,000 and gross ...
Blue Star Acquires Another High-Potential Gold Target Area: Avalliq Property with Abundant High-Grade Gold Prospects
Newsfile· 2025-06-10 12:00
Vancouver, British Columbia--(Newsfile Corp. - June 10, 2025) - Blue Star Gold Corp. (TSXV: BAU) (OTCQB: BAUFF) (FSE: 5WP0) ("Blue Star" or the "Company"), a leading explorer in Canada's North, is excited to announce the expansion of the Roma Project through the staking of a significant new property, the Avalliq property, located in the West Kitikmeot Region of Nunavut. This property is particularly compelling due to its quality gold prospects and strategic location, being less than two kilometres east of t ...
Canadian Gold Corp. Provides an Update on the Forest Fire Situation Near the Tartan Mine
Newsfile· 2025-05-28 20:47
Canadian Gold Corp. Provides an Update on the Forest Fire Situation Near the Tartan MineMay 28, 2025 4:47 PM EDT | Source: Canadian Gold Corp.Flin Flon, Manitoba--(Newsfile Corp. - May 28, 2025) - Canadian Gold Corp. (TSXV: CGC) ("Canadian Gold" or the "Company") has temporarily suspended drilling operations at its Tartan Mine property near Flin Flon, Manitoba, due to a forest fire in the nearby vicinity."We have withdrawn our staff and continue to monitor our facilities remotely in accordance ...