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Deep Semi Massive Sulphide Zinc, Silver and Gold Intersection at Berrigan Property
Globenewswire· 2026-01-29 20:31
Core Viewpoint - Chibougamau Independent Mines Inc. is updating shareholders on the recent drilling results from TomaGold Corporation on the Berrigan property, indicating significant mineralization and the discovery of a new semi-massive sulfide zone [1][3]. Summary by Sections Company Update - Chibougamau Independent Mines Inc. is pleased to inform shareholders about the drilling results reported by TomaGold Corporation on the Berrigan property, which is under option from Chibougamau [1]. Drilling Results - TomaGold has published assay results for drill holes TOM-25-015 and TOM-25-014, with TOM-25-015 showing a grade of 5.75% ZnEq (1.34 g/t AuEq) over 98.5 meters, indicating a new semi-massive sulfide zone that extends at depth [2][3][5]. - Drill hole TOM-25-014 reported a grade of 28.69% ZnEq (6.73 g/t AuEq) over 2.10 meters, highlighting significant mineralization [6]. Detailed Assay Breakdown - The assay results for TOM-25-014 include multiple intervals with high ZnEq and AuEq values, such as: - 28.69% ZnEq over 2.10 m - 41.79% ZnEq over 1.40 m - 23.29% ZnEq over 1.15 m - For TOM-25-015, significant intervals include: - 5.75% ZnEq over 98.5 m, with notable inclusions of 26.67% ZnEq over 4.90 m and 7.26% ZnEq over 49.35 m [4][6]. Geological Significance - The results from drill hole TOM-25-015 confirm the discovery of a new major semi-massive sulfide zone, named Berrigan Deep, which remains open at depth, suggesting the potential for a large mineralized system [6][10]. Exploration Phase - The company is currently in the initial exploration phase and does not have metallurgical data or comparative studies due to the geological complexity of the ultramafic host rock [8].
Greenridge Provides Update on 2025 Athabasca Basin Region Exploration Activities
Globenewswire· 2026-01-29 13:00
Core Insights - Greenridge Exploration Inc. has provided an update on its uranium and critical metals exploration activities in the Athabasca Basin region of Saskatchewan, Canada, for the year 2025 [1][2]. Exploration Activities - In 2025, the company conducted an extensive exploration program across six projects in northern Saskatchewan, utilizing advanced technologies to create a robust geological dataset for future drilling initiatives [2]. - The exploration team, contractors, and partners were commended for their dedication and expertise, with plans to advance results into the 2026 field season [2]. Project Summaries Hook-Carter Uranium Project - The Hook-Carter project consists of 11 claims covering 25,115 hectares and is located approximately 147 kilometers northeast of La Loche, SK [5]. - It is interpreted to host the northeastern strike extension of the Patterson Lake Corridor, which includes significant uranium deposits [5]. - Greenridge holds a 20% interest in Hook-Carter, with an option to increase to 25% by spending $3 million on exploration by November 2026 [6]. - A moving loop time-domain electromagnetic survey was completed in fall 2025, enhancing target resolution and validating previous interpretations [6][7]. Carpenter Lake Uranium Project - Carpenter Lake consists of 12 mineral claims covering approximately 18,680 hectares, with Greenridge owning 60% and acting as the operator [8]. - The project lies along the Cable Bay Shear Zone, a major geological structure that remains underexplored [9]. - In September 2025, eight diamond drill holes were completed, totaling 1,368 meters, intersecting prospective lithologies for uranium mineralization [10]. - Anomalous radioactivity was detected in three of the eight drill holes, indicating potential uranium-bearing fluids mobilized along the CBSZ [11]. Sabre Uranium Project - The Sabre project comprises 39 claims totaling 23,178 hectares, located approximately 30 kilometers west of Stony Rapids, SK [12]. - A deep-penetrating MobileMT airborne electromagnetic survey was conducted in spring 2025, covering 1,536 line kilometers [13]. - The results are being integrated into a 3-D model to assist in identifying new target zones [13][14]. McKenzie Lake Uranium Project - McKenzie Lake consists of three mineral claims covering approximately 5,766 hectares, 100% owned by Greenridge [15]. - An airborne electromagnetic survey was conducted in 2025, mapping a major fault zone and discrete conductive zones [17]. - The project has an active exploration permit valid until March 31, 2027 [19]. Bradley Lake Uranium Project - Bradley Lake consists of a single mineral claim of 1,147 hectares, 100% owned by Greenridge [20]. - Historical uranium showings have been documented, with grades in outcrop samples reaching up to 3.53% U3O8 [20]. - An airborne survey in 2025 provided high-resolution EM data, detecting a conductive zone associated with known uranium-bearing zones [21][22]. Flying Vee Nickel Project - The Flying Vee project consists of five mineral claims totaling 9,036 hectares, located approximately 25 kilometers north of Stony Rapids, SK [23]. - An airborne survey in 2025 detected conductive zones coincident with mineral showings, and radiometric data was collected to map the potential extent of the Day Lake gold showing [24][25]. - The project has an active exploration permit valid until March 31, 2028 [25]. Company Overview - Greenridge Exploration Inc. is a mineral exploration company focused on creating shareholder value through the acquisition, exploration, and development of critical mineral projects in Canada [29]. - The company owns or has interests in 23 projects covering approximately 269,246 hectares, with significant exposure to potential uranium, nickel, copper, and gold discoveries [29][30].
Magna Terra Expands Land Position in Northern New Brunswick; Acquires the Oxford Project
TMX Newsfile· 2026-01-29 13:00
Core Viewpoint - Magna Terra Minerals Inc. has acquired the Oxford Project in northern New Brunswick, which consists of 5 mineral claims totaling 3,400 hectares, enhancing its presence in an emerging gold district [1][3]. Acquisition Details - The acquisition was made through an option agreement, allowing the company to earn a 100% interest by making payments totaling $100,000 over four years, starting with an initial payment of $5,000 [12]. - The Optionor retains a 1.5% net smelter royalty on the sales of metals and minerals mined from the property, with the company having the option to purchase 0.5% of the NSR for $500,000 [12][13]. Project Highlights - The Oxford Project is located 7 kilometers from the Puma Exploration - Kinross Williams Brook gold project and is situated along a 14-kilometer section of the Rocky Brook-Millstream Fault [2][9]. - Previous exploration has revealed high-grade polymetallic mineralization, with grab samples showing up to 59.1 g/t Ag, 8.9% Zn, 5.16% Pb, and 2.71 g/t Au [2][9]. Geological Context - The project is centered on mid-Ordovician felsic volcanic rocks, known to host orogenic gold mineralization, and has seen exploration efforts since 2013 [6][11]. - Historical exploration has identified multiple targets, with significant mineralization discovered through trenching and sampling [7][8]. Future Plans - The technical team will compile historic data and plan a field program for spring/summer 2026 to further explore the project [4]. - The company aims to enhance shareholder value by acquiring early-stage precious and critical metal projects in under-explored regions [3]. Company Overview - Magna Terra Minerals Inc. focuses on precious and critical metals exploration, with projects in Atlantic Canada and Argentina, and aims to minimize shareholder dilution through strategic partnerships [18].
Hi-View Hires Corporate Development Lead to Support First Nations Consultation in the Toodoggone
Thenewswire· 2026-01-29 13:00
Company Overview - Hi-View Resources Inc. is a publicly listed mineral exploration company on the Canadian Securities Exchange, focusing on gold, silver, and copper assets in the Toodoggone region of northern British Columbia [3] - The company holds over 27,791 hectares of land, including high-priority projects such as the Golden Stranger Project, Lawyers claims, and Borealis Project, with additional properties under option and 1,300 hectares under mineral claim application [3] Key Appointment - Perry Cook has been appointed to the role of Corporate Development, bringing over 30 years of experience in the natural resources sector, particularly in mining and collaboration with First Nations communities [1][2] - His background includes media and marketing, and he has previously worked with the Tsay Keh Dene First Nation in the Toodoggone region, which will enhance Hi-View's community engagement efforts [1][2] Strategic Focus - The company aims to build strong relationships with local First Nations, including Kwadacha, Takla, and Tsay Keh Dene Nations, to ensure responsible exploration and transparent communication [2] - Hi-View holds one of the largest land packages in the Toodoggone district, with a market cap and share count among the lowest in its peer group, positioning it for significant exploration opportunities [2]
TomaGold Discovers Major New Deep Semi-Massive Sulfide Zone, Intersecting 5.75% ZnEq (1.34 g/t AuEq) over 98.5 m at Berrigan Mine
Businesswire· 2026-01-29 11:00
David Grondin, CEO of TomaGold, commented: "Drill hole TOM-25-015, grading 5.75% ZnEq (1.34 g/t AuEq) over 98.5 m, is truly transforming the Berrigan Mine project and highlights a new semi-massive sulfide zone that extends at depth beneath the known zones. This very encouraging result suggests the presence of a large mineralized system that remains open at depth.†Jean Lafleur, P.Geo., VP Exploration at TomaGold, added: "The concept of a new deep mineralized zone is not new in Abitibi, where mineralization ...
AXO Copper Corp. Announces Upsize of Previously Announced Bought Deal to $35 million
Globenewswire· 2026-01-29 02:13
Core Viewpoint - AXO Copper Corp. has announced a bought deal offering of 50,000,000 units at a price of $0.70 per unit, aiming to raise gross proceeds of $35,000,000 due to strong investor demand [2]. Group 1: Offering Details - Each unit consists of one common share and one-half of a warrant, with each whole warrant exercisable into one common share at a price of $1.00 for 18 months [3]. - The company has granted underwriters an option to purchase up to an additional 15% of the offering, potentially raising total gross proceeds to $40,250,000 if fully exercised [4]. - The offering is scheduled to close on or about February 19, 2026, subject to necessary approvals [6]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for exploration and advancement of the La Huerta Project and San Antonio Gold Project, as well as for general working capital purposes [5]. Group 3: Company Overview - AXO Copper Corp. is engaged in the exploration and development of the La Huerta property, a new copper discovery in Jalisco, Mexico, and the San Antonio gold property, a past-producing oxide copper mine located in Sonora, Mexico [9].
Regency Silver Drills a Second Hole into Broad Zones of Sulphide-Specularite Bearing Breccia - Drilling Ongoing
TMX Newsfile· 2026-01-28 13:30
Vancouver, British Columbia--(Newsfile Corp. - January 28, 2026) - Regency Silver Corp. (TSXV: RSMX) (OTCQB: RSMXF) ("Regency Silver" or the "Company") is pleased to announce that the first hole of its ongoing 2026 drill program at its Dios Padre project in Sonora, Mexico has intersected sulphide-specularite supported breccia in multiple zones across a broad, non-continuous ~250m interval (Figure 1). Hole REG 26-27 was drilled 50m above hole REG-25-26 and intersected mineralization ~100m down-dip below the ...
Goliath Resources Selected for PDAC 2026 Core Shack, Session B
Globenewswire· 2026-01-28 13:28
Core Insights - Goliath Resources Limited has been selected to showcase its core at the PDAC 2026 convention, highlighting its new high-grade gold discovery, Surebet [1][3] - The Surebet discovery has shown a 100% hit rate in intersecting mineralization across all drilled holes, with significant gold recoveries of 92.2% [4][7] Company Overview - Goliath Resources is focused on the Golddigger Property in British Columbia's Golden Triangle, covering 91,518 hectares and located near significant gold mines [6][14] - The company has drilled over 150,000 meters since 2021, with a total of 110 holes awaiting assay results from its 2025 drill program [4][14] Infrastructure and Location - The Golddigger Property is strategically located near communities with existing infrastructure, including a permitted mill site and direct barge access to Prince Rupert [8][9] - Additional infrastructure includes proximity to the Dolly Varden Silver Mine Road and access to major transportation routes [9][10] Technical and Geological Aspects - The Surebet discovery features a structurally controlled mineralized system over a 1.8 km area, with desirable metallurgy showing no deleterious elements [4][7] - The property is situated within a highly prospective geological setting, close to the Red Line, which is a key marker for gold-copper-silver mineralization [6][14] Industry Context - PDAC 2026 is recognized as the world's premier mineral exploration and mining convention, attracting up to 30,000 attendees and featuring over 1,100 exhibitors [5] - Goliath Resources is an active supporter of CASERM, a research center aimed at advancing mining science and technology [11][14]
Peloton Announces Successful Maiden Drilling Results at the North Elko Lithium Project, Nevada
Thenewswire· 2026-01-28 13:10
Core Viewpoint - Peloton Minerals Corporation has successfully completed its maiden drilling program at the North Elko Lithium Project, confirming the presence of significant lithium and critical minerals in the basin, which warrants further exploration [1][5]. Drilling Program Overview - The drilling program consisted of four vertical exploration holes, reaching a maximum depth of 500 feet (152 meters), marking the first lithium-focused drilling on the NELP property [2]. - The holes were strategically positioned across a 37 square kilometer claim block to assess basin geometry, stratigraphy, and the extent of lithium and clay-bearing sediments [4]. Drilling Highlights - Lithium mineralization was found in all four holes, with 89% of the 352 five-foot samples showing anomalous to strongly anomalous lithium levels [7]. - The best interval recorded was 155 feet averaging 618 ppm lithium, with peaks reaching up to 1,155 ppm [7]. - The presence of cesium and rubidium was noted in all holes, indicating a chemically evolved, alkali-rich volcanic system [7]. Geological Insights - The drilling confirmed lithium-bearing claystones to depths of at least 500 feet over a 7 kilometer by 3.5-kilometer area [8]. - The NELP basin is deemed fertile for lithium and critical metals, including cesium and rubidium, which are also found in other advanced Nevada lithium claystone deposits [8]. Relationship with Adjacent Resources - NELP is located adjacent to Surge Battery Metals' Nevada North lithium project, which has a defined lithium resource with high average grades [6]. - The initial results from NELP, while not yet comparable in grade, are considered a positive outcome for early-stage exploration [9]. Future Exploration Plans - The company plans to conduct further drilling focused on step-outs and tighter spacing in the most promising lithium and critical mineral zones identified [13]. - Additional work will include detailed stratigraphic interpretation, expanded mineralogical and metallurgical testing, and integration of various geological data sets to refine future drill targeting [13].
ORVANA REPORTS GEOPHYSICAL SURVEY RESULTS AND COMMENCES INITIAL DEEP DRILLING PROGRAM AT TAGUAS, ARGENTINA
Prnewswire· 2026-01-28 10:30
Core Insights - Orvana Minerals Corp. has initiated a deep drilling program at its Taguas project in Argentina following a successful geophysical survey that identified a north-south corridor with elevated chargeability and low resistivity, potentially indicating sulfide-bearing systems [1][5][10] Geophysical Survey Results - The geophysical survey utilized Induced Polarization (IP) and Magnetotelluric (MT) methods, covering a 4 km² area and reaching depths of approximately 1,500 meters for MT and 800 to 1,000 meters for IP [10] - The survey results revealed a significant anomaly that is interpreted as consistent with the presence of sulfide mineralization at depth, although further drilling is required to confirm this [10][6] Drilling Program - The initial deep drilling program commenced in January 2026, targeting a planned depth of 1,500 meters, with an estimated total of 4,500 meters to be drilled by April 2026 [10][8] - The first drill hole aims to explore the core of the identified low resistivity anomaly between Cerro Taguas Norte and Cerro Campamento [10][8] Geological Modeling and Exploration Framework - An updated geological model for the Taguas project has been developed, focusing on deeper sulfide mineralization and potential porphyry copper-gold systems, extending beyond the previously identified near-surface resources [5][10] - The integration of alteration vectoring, veining styles, and multielement geochemistry has established a coherent exploration framework across the project area [10][6] Strategic Context - The repositioning of the Taguas project aims to evaluate its broader potential, including the underlying sulfide mineralization and the potential for a deep porphyry copper-gold system [5][10] - The combination of geophysical data and historical exploration data has prioritized key targets for the ongoing drilling campaign [5][10]