Core Viewpoint - Kenorland Minerals Ltd. has announced a maiden Inferred Mineral Resource of 14.5 million tonnes (Mt) at an average grade of 5.47 grams per tonne (g/t), equating to 2.55 million ounces (Moz) of gold for the Regnault gold deposit at the Frotet Project in northern Quebec, highlighting the project's significant potential and the value of Kenorland's 4% NSR royalty [1][2][17]. Summary by Sections Mineral Resource Estimate - The maiden Mineral Resource Estimate (MRE) includes data from 289 diamond drill holes totaling 127,217 meters, with 92 high-grade veins defined at a 2.50 g/t Au cut-off and a broader low-grade envelope encompassing 91 veins at a 0.30 g/t Au cut-off [3][4]. - Inferred Mineral Resources are classified based on a minimum of three drill holes with a nominal spacing of up to approximately 80 meters, with certain areas excluded due to not meeting the spacing criteria [4][10]. Exploration and Growth Potential - The resource remains open in multiple directions, indicating substantial upside potential for further resource expansion, with high-grade mineralization extending beyond the current Inferred Mineral Resource Estimate [9][11]. - Notable high-grade mineralization examples include intersections such as 3.00 meters at 10.09 g/t Au and 6.70 meters at 30.41 g/t Au, which are outside the current resource footprint [22]. Project Overview - The Frotet Project covers 38,930 hectares within the Frotet-Evans greenstone belt and is adjacent to the past-producing Troilus Gold Corporation's mine, which had an indicated mineral resource of 9.32 Moz Au [16][19]. - Kenorland initially staked the project in 2017 and entered into a joint venture with Sumitomo in 2018, leading to the discovery of the Regnault gold deposit in 2020 [17][26]. Royalty Structure - Kenorland holds a 4% NSR royalty on the Frotet Project, which is now backed by a formal high-grade multi-million ounce gold resource, enhancing its value in the junior sector [2][18].

Core Insights - TDG Gold Corp. has achieved significant operational, financial, and exploration milestones in 2025, setting a strong foundation for growth in 2026 [1][2][18] Group 1: Operational and Financial Achievements - The company experienced over 600% year-over-year appreciation in share price, reflecting increased investor recognition of its exploration success and asset expansion [3] - Key achievements included the discovery at Aurora West and the strategic acquisition of the Anyox Copper Project, which enhanced the company's asset quality and market profile [2][6] - TDG executed an aggressive exploration campaign with up to five drill rigs operating concurrently, and expects to enter 2026 with a treasury exceeding C$20 million [7][18] Group 2: Aurora West Discovery - The Aurora West discovery involved the identification of gold-silver-copper mineralization, with over 600 meters of continuous high-tenor mineralization outlined [4][5] - The Phase I drill program confirmed a meaningful extension of the mineralized system onto TDG's ground, with 22 drill holes totaling approximately 14,400 meters completed [8] - Significant drill results included an intercept of 1.38 grams per tonne Au, 0.27% Cu, and 1.6 g/t Ag over 201.0 meters, located just 200 meters south of the company's tenure [9] Group 3: Anyox Project Development - The Anyox Copper Project acquisition provides exposure to a historically high-grade copper district with limited modern exploration since 1936 [6][14] - In 2025, TDG conducted a deep-penetrating surface geophysical survey at the Hidden Creek Mine, identifying new anomalies at depth [15] - Drilling of high-priority targets at Anyox is scheduled to commence in January 2026, with an initial program of approximately 3,000 meters planned [17] Group 4: Strategic Growth Plans for 2026 - The company plans to accelerate growth at the Shasta Deposit, which currently hosts indicated resources of 515.8 thousand ounces of gold equivalent at an average grade of 1.35 g/t AuEq [12][13] - The Shasta project is part of a broader strategy to expand resources within the Greater Shasta-Newberry Project, which has numerous untested near-surface targets [12][18] - TDG's strategy remains focused on disciplined capital deployment and systematic exploration to unlock the full potential of its gold and copper portfolio [18]

Core Viewpoint - Aya Gold & Silver Inc. has filed an updated NI 43-101 Technical Report for the Zgounder Deposit, which includes revised Proven & Probable Mineral Reserves and Mineral Resource Estimates, along with an updated Life of Mine plan extending to 2036 [1][2]. Updated Life of Mine Plan - The updated mine plan supports annual silver production of approximately 6 million ounces over the next 11 years, totaling around 66 million ounces over the Life of Mine [4][6]. - Average operating costs are projected at a cash cost of $16.26 per ounce and $69.47 per tonne of ore processed [6][27]. - Sustaining capital expenditures are estimated at $71 million over the Life of Mine [6][27]. - The mine life has been extended to 2036 based on a capital-efficient open-pit strategy [6][27]. Net Reserve and Resource Growth - Proven & Probable Reserves are now estimated at 73 million ounces of silver at a grade of 145 g/t, reflecting a 4% increase from the previous estimate [6][19]. - The reserve replacement ratio stands at 120%, with additions of 13 million ounces exceeding the 11 million ounces mined since the last estimate [6][19]. - Measured & Indicated Resources total 100 million ounces of silver at 165 g/t, marking a 5% increase from the prior estimate [6][19]. Geological Model and Drilling - The updated geological model incorporates approximately 275,000 meters of drilling since 2021, enhancing confidence in the resource model and mine plan [5][20]. - The extensive drilling and improved geological understanding have led to a more reliable resource model [5][20]. Production and Cost Summary - The Life of Mine plan includes a mix of open-pit and underground mining, with average production projected at approximately 6.2 million ounces from 2026 through 2036 [23][24]. - Total operating costs over the Life of Mine are estimated at $1,067.5 million, with cash costs decreasing over time [24][27]. Mining Methods and Development - A combination of cut-and-fill and longhole stope mining methods will be employed, with a gradual shift towards longhole mining [27]. - Open-pit mining is expected to continue until 2036, with mining rates averaging 45,000 tonnes per day until 2030 [27].

Core Viewpoint - Magna Mining Inc. has engaged Technica Mining Inc. to conduct a pre-feasibility study on its 100% owned Crean Hill Project, which is expected to enhance the project's economic assessment and support the company's vision of becoming a multi-mine producer in the Sudbury Basin [1][2]. Project Overview - The Crean Hill Project is located in Sudbury, Ontario, Canada, and has shown a promising combination of base and precious metals [1][2]. - The pre-feasibility study (PFS) will build on the Preliminary Economic Assessment (PEA) completed in 2024, which indicated a potential mine life of 13 years and modest pre-production capital costs [2][6]. Financial Highlights - The 2024 PEA highlighted a low pre-production capital cost of CAD 27.7 million, with projected Advanced Exploration (AdEx) capital costs of CAD 48.5 million and revenues of CAD 16.4 million [6]. - The after-tax Net Present Value (NPV) at an 8% discount rate is CAD 194.1 million, with an Internal Rate of Return (IRR) of 129% based on conservative metal prices [6]. Mining Operations - The PEA envisions an underground mining operation with an average production rate of 2,200 tonnes per day and an average Life of Mine (LOM) operating cost of CAD 158 per tonne [6]. - The project is expected to yield 195.5 million pounds of nickel, 169.5 million pounds of copper, 313,000 ounces of platinum, 359,000 ounces of palladium, and 117,000 ounces of gold over its lifespan [6]. Resource Estimates - The Crean Hill Mineral Resource Inventory, effective April 15, 2024, includes significant contact nickel-copper zones and lesser amounts of footwall copper-nickel-precious metals [5][8]. - The indicated resource is 18,444,000 tonnes with grades of 0.87% Cu and 1.01% Ni, while the inferred resource is 989,000 tonnes with grades of 0.53% Cu and 0.70% Ni [8]. Future Plans - The PFS is set to commence in January 2026 and is expected to be completed by Q3 2026, incorporating results from a 20,000 tonne bulk sample program conducted in late 2024 [2][6]. - Engineering advancements for a connection to grid power and a permanent dewatering system are ongoing, which will benefit the project's economic evaluation [2].

Core Insights - McFarlane Lake Mining Limited has received an Exploration Permit for the Juby Gold Project, marking a significant milestone for the company as it prepares for a major drilling campaign [1][2][3] Exploration Permit and Drilling Plans - The Exploration Permit allows for various activities including diamond drilling, line cutting, and geophysical surveys, enabling the company to execute an expanded drilling program targeting priority areas identified through geological modeling [3][5] - The company has established partnerships with two drilling contractors, including Bagone'an and Wiijiiwaagan Drilling Limited Partnership, which involve local First Nations, enhancing operational depth and community participation [4][5] 2026 Drill Program Objectives - The upcoming 2026 drill program is anticipated to be one of the most significant in the project's history, aiming to expand known mineralized zones, evaluate new targets, and strengthen relationships with local and Indigenous communities [6][7] Mineral Resource Estimates - The current Mineral Resource Estimate (as of September 29, 2025) indicates 1.01 million ounces of gold in the Indicated category at an average grade of 0.98 g/t gold, and an additional 3.17 million ounces in the Inferred category at an average grade of 0.89 g/t gold [8][9] - A sensitivity analysis at a higher gold price of US$3,750 per ounce suggests an increase in the Indicated Mineral Resource to 1.20 million ounces and Inferred Mineral Resource to 4.23 million ounces [9] Company Overview - McFarlane Lake Mining Limited is focused on advancing its flagship Juby Gold Project located in the Abitibi Greenstone Belt, with a portfolio of 100%-owned gold assets across Ontario [12]

Core Viewpoint - Total Metals Corp. has filed a technical report for the High Lake – West Hawk Lake Project, confirming the mineral resource estimate for the Purdex Zone, which is essential for compliance with TSX Venture Exchange requirements [1][2]. Group 1: Technical Report Details - The technical report, titled "Technical Report and Mineral Resource Estimate of the High Lake - West Hawk Lake Gold Project," has an effective date of November 30, 2025, and confirms the current mineral resource estimate for the Purdex Zone [2]. - The mineral resource estimate (MRE) for the Purdex Zone is classified according to CIM Definition Standards, with an indicated resource of 152,000 tonnes at an average grade of 9.38 g/t Au, totaling 45.8 k oz Au, and an inferred resource of 287,000 tonnes at 10.43 g/t Au, totaling 96.2 k oz Au [3][4]. Group 2: Mining Potential - The mineralized zone at the Purdex Zone extends to the surface, indicating potential for early mining through open-pit methods. Two feasible pit options have been reviewed, with subsets of mineral resources outlined for potential exploitation [5][6]. - The first pit option has an indicated resource of 22,000 tonnes at 6.36 g/t Au (4.5 k oz Au) and an inferred resource of 3,000 tonnes at 5.25 g/t Au (0.5 k oz Au). The second pit option has an indicated resource of 45,000 tonnes at 4.47 g/t Au (6.5 k oz Au) and an inferred resource of 7,000 tonnes at 3.65 g/t Au (0.8 k oz Au) [7]. Group 3: Company Overview - Total Metals Corp. is focused on its 100% owned Electrolode Project, covering over 3,300 hectares in northwestern Ontario, targeting critical minerals and gold resources. The project is strategically located near major mines and is fully permitted for exploration drilling [10]. - The company also owns the High Lake and West Hawk Lake Project, covering 958 hectares along the Manitoba/Ontario border, with significant exploration potential in the Purex Zone [10].

Core Insights - PMET Resources Inc. announced significant lithium and caesium discoveries from its 2025 drilling campaign at the Shaakichiuwaanaan Property, indicating the potential for expanded mineral resources and reserves [2][4][5] Drilling Campaign Overview - A total of 57,024 meters of diamond drilling was completed in 2025, with results reported for 41,943 meters across 173 holes, while assays for 15,081 meters remain pending [3][5][30] - The drilling campaign included testing multiple lithium-caesium-tantalum (Li-Cs-Ta) pegmatite prospects, infill drilling, and condemnation drilling to support development [5][21] Lithium Discoveries - New lithium zones were discovered at the CV4 and CV12 pegmatites, with notable intercepts including 27.0 meters at 1.14% Li2O and 229.0 meters at 1.31% Li2O, respectively [2][17] - The CV5 Pegmatite's strike length has been extended to approximately 5.0 kilometers, with significant results such as 224.9 meters at 1.34% Li2O [24] Caesium Discoveries - A new caesium zone was identified at the CV12 Pegmatite, with intercepts including 23.0 meters at 5.82% Cs2O within a broader anomalous zone of 223.0 meters at 0.98% Cs2O [14][17] - High-grade caesium was also intersected at the CV5 Pegmatite, with results including 0.5 meters at 17.9% Cs2O [24] Mineral Resource Estimates - The Consolidated Mineral Resource Estimate for the CV5 and CV13 pegmatites totals 108.0 million tonnes at 1.40% Li2O and 0.11% Cs2O, with a Probable Mineral Reserve of 84.3 million tonnes at 1.26% Li2O [6][7] Future Plans - The geology team is working on updating geological models based on new drill data, with plans for a revised economic study scheduled for the second half of 2026 [29] - Additional drilling is planned to further delineate the caesium zones and assess the potential for underground resources [14][20]

Final Short Form Prospectus Accessible on SEDAR+Not for distribution to U.S. news wire services or dissemination in the United States. TORONTO, Dec. 12, 2025 (GLOBE NEWSWIRE) -- FireFly Metals Ltd (ASX: FFM, TSX: FFM) (FireFly or Company) is pleased to announce that, in connection with its previously announced bought deal offering, it has filed a final short form prospectus dated 12 December 2025 (Final Prospectus) to qualify the distribution of 19,230,770 ordinary shares of the Company (Offered Shares) at ...

Core Viewpoint - DLP Resources Inc. has announced significant drill results from the Aurora Project, indicating successful mineralization of copper, molybdenum, and silver, with plans to update the Mineral Resource estimate and complete a Preliminary Economic Assessment (PEA) by Q1 2026 [1][3]. Summary of Drill Results - Drillhole A25-026 intersected 1.02% CuEq over 260.50m within a total interval of 866.95m averaging 0.55% CuEq [5][8]. - Drillhole A25-027 showed 0.42% CuEq over 679.20m, with notable intervals of 0.36% CuEq over 370.00m and 0.48% CuEq over 547.20m [5][8]. Geological Context - The Aurora Project is characterized by mineralized hornfels and porphyry, with significant intervals of copper and molybdenum mineralization identified in both drillholes [6][10]. - Historical drilling data indicates that previous drilling efforts primarily tested leached zones, with only a few holes reaching the primary copper and molybdenum zones [17][19]. Future Plans - The company is on track to update the initial Mineral Resource Estimate and complete the PEA by Q1 2026, with ongoing geological model reviews and infrastructure assessments [3][15][16]. Quality Control Measures - DLP Resources has implemented rigorous quality control and assurance protocols, including the use of certified reference materials and independent laboratory analysis to ensure data reliability [13][14]. Company Overview - DLP Resources Inc. is focused on mineral exploration in Southeastern British Columbia and Peru, targeting base metals and cobalt, and is publicly traded on TSX-V, OTCQB, and FSE [30].

Core Viewpoint - Aftermath Silver Ltd. is advancing its drilling programs at the Berenguela silver-copper-manganese project in Peru and the Challacollo silver-gold project in Chile, aiming to enhance resource estimates and capitalize on rising silver and copper prices [3][4][19]. Berenguela Project - A targeted follow-up drill campaign of 4,000 meters of diamond core drilling and 2,000 meters of RC drilling has commenced at the Berenguela project [1][4]. - The current drill program has three main objectives: exploring untested areas with high copper grades, upgrading indicated resources to measured resources, and defining mineralization between central and northern areas [6][4]. - A new mineral resource estimate published on December 4, 2025, indicates a 21% increase in contained silver in measured and indicated resources to 122.5 million ounces [9][19]. Challacollo Project - Drilling has begun at the Challacollo project, with plans for approximately 1,000 to 2,000 meters of core drilling [2][10]. - The main objectives for the drilling program include investigating the potential to expand existing resources, testing previously known but untested veins, and confirming previous RC hole results [11][13]. - The mineral resource estimate for Challacollo includes a total of 6,640 Kt with an average silver grade of 165 g/t, equating to 35,150 Koz of silver [12]. Company Overview - Aftermath Silver Ltd. is a Canadian junior exploration company focused on silver and critical metals, aiming to deliver shareholder value through the discovery and development of quality projects [15]. - The company has acquired 100% interests in both the Berenguela and Challacollo projects, enhancing its portfolio in stable jurisdictions [19].