Scorpio Gold Commences 50,000 Metre Phase 2 Drilling Program at the Manhattan District, NevadaOctober 22, 2025 6:00 AM EDT | Source: Scorpio Gold CorpVancouver, British Columbia--(Newsfile Corp. - October 22, 2025) - Scorpio Gold Corp. (TSXV: SGN) (OTCQB: SRCRF) (FSE: RY9) ("Scorpio Gold", or the "Company") is pleased to announce the commencement of its Phase 2 Drilling Program at the Manhattan District Project ("Manhattan"), Nevada, USA. The Phase 2 drilling program is planned to achieve a mi ...

Core Viewpoint - Allied Critical Metals Inc. has successfully closed a non-brokered private placement offering, raising gross proceeds of approximately $16.25 million through the issuance of 27,083,266 common shares at a price of $0.60 per share [1][2]. Group 1: Offering Details - The offering resulted in gross proceeds of $16,249,960 from the issuance of 27,083,266 common shares at $0.60 each [1]. - The net proceeds will be allocated for ongoing exploration and development activities on the Borralha Tungsten Project and Vila Verde Tungsten Project, as well as for additional working capital [2]. - The shares issued are exempt from a hold period under Canadian securities laws, allowing for immediate trading [3]. Group 2: Financial Arrangements - The company paid finder's fees totaling $1,042,997 in cash and issued 1,738,328 finders warrants, each exercisable for one additional share at $0.60 for 24 months [4]. - The financing is expected to fully fund the completion of a mineral resource estimate (MRE) and a preliminary economic assessment (PEA) for the Borralha project, as well as technical preparation work for the Vila Verde project [5]. Group 3: Company Overview - Allied Critical Metals Inc. is focused on the expansion and revitalization of its 100% owned Borralha and Vila Verde Tungsten Projects in northern Portugal, with tungsten being designated a critical metal by the U.S. and other western countries [8]. - The global tungsten market is valued at approximately $5 to $6 billion, with significant applications across various industries including defense, automotive, manufacturing, electronics, and energy [9].

Core Viewpoint - Omai Gold Mines Corp. has successfully closed a C$40 million bought deal private placement, issuing 34,783,000 common shares at a price of $1.15 per share, resulting in gross proceeds of C$40,000,540 [1][2]. Group 1: Offering Details - The offering was led by Paradigm Capital Inc. and included several other underwriters, with a total cash commission paid to the underwriters amounting to C$2,194,274.75 [2]. - The net proceeds from the offering will be allocated for exploration, development, and general working capital purposes [4]. - The securities issued are subject to a hold period of four months and one day from the closing date, pending final acceptance by the TSX Venture Exchange [4]. Group 2: Related Party Transactions - An officer of the company purchased 200,000 shares, which is classified as a "related party transaction" under Multilateral Instrument 61-101 [3]. - The company has utilized exemptions from formal valuation and minority shareholder approval requirements, as the value of shares issued to insiders does not exceed 25% of the company's market capitalization [3]. Group 3: Company Overview - Omai Gold Mines Corp. is focused on gold exploration and development, particularly at its 100%-owned Omai Gold Project in Guyana, which is recognized as a rapidly expanding gold camp [6]. - The company reported a 96% increase in the Wenot Gold Deposit's mineral resource estimate, now totaling 970,000 ounces of gold (Indicated) and 3,717,000 ounces (Inferred) [7]. - The overall mineral resource estimate for Omai, including the Wenot and Gilt Creek deposits, stands at 2,121,000 ounces of gold (Indicated) and 4,382,000 ounces (Inferred) [8].

Core Viewpoint - Minnova Corp. is advancing its PL Gold Mine restart plan, focusing on transitioning from open pit to underground mining operations, with a Preliminary Economic Assessment (PEA) expected by Q1 2026 and a full Feasibility Study by Q3 2026 [2][5][13] PL Gold Mine Restart Plan Update - A&B Global Mining has completed a mine development concept study for the PL Gold Mine, aiming for an open pit operation before moving underground [2] - A PEA will be conducted based on an updated Mineral Resource Estimate (MRE), expected to be completed by the end of Q1 2026 [2][4] Mineral Resource Estimate (MRE) - The existing MRE (as of November 1, 2017) estimates 282,500 ounces of gold in 1,481,000 tonnes at a grade of 5.93 g/t and 301,700 ounces in 1,846,000 tonnes at 5.08 g/t, based on a gold price of US$1,250 per ounce [3] - The first MRE update will incorporate historical drilling results and current drill program results up to the end of November 2025, while the second update will include results up to April 2026 [3] Economic Assessment - The PEA will evaluate a restart using open pit mining methods at a throughput rate of 1,000 tonnes per day, with a base case gold price of US$2,500 per ounce [4] Drilling Program Update - A Phase 1 drill program of 1,500 meters has been initiated, followed by an expanded Phase 2 program of 15,000 meters to achieve sub-25 meter spacing on mineralized structures [9] - The drilling aims to provide critical data for updating the MREs and validating mining methods [9] Environmental Compliance - AECOM has been engaged to assist with environmental compliance and permitting for the PL Gold Mine, including amendments to existing permits for the new open pit development plan [6] Option Grant - The board of directors has approved an option grant of 2,500,000 options to purchase common shares at a price of $0.30 per share, with immediate vesting [11]

Core Insights - Apollo Silver Corp. has filed an independent technical report for the updated Mineral Resource Estimate (MRE) for the Calico Silver Project, highlighting significant increases in silver and gold resources [1][2][4] Summary by Sections Technical Report - The report titled "NI 43-101 Technical Report and Mineral Resource Estimate for the Calico Silver Project" is dated October 16, 2025, with an effective date of June 30, 2025 [2] - Prepared by Stantec Consulting Ltd. in accordance with NI 43-101 standards, the report shows no material differences from previous disclosures [3] Mineral Resource Estimate Highlights - The 2025 MRE indicates a combined Measured and Indicated total of 55 million tonnes (Mt) at a grade of 71 grams per tonne (g/t) silver, totaling 125 million ounces (Moz) of silver, representing a 61% increase in tonnage and a 14% increase in silver ounces [6][8] - Inferred resources include 0.6 Mt at a grade of 26 g/t silver for a total of 0.51 Moz [6] - The updated Langtry MRE includes 24 million tonnes at a grade of 73 g/t silver for a total silver content of 57 Moz [6][8] - The report also includes inaugural estimates for barite and zinc resources, with significant quantities reported [6][8] Economic Considerations - The MRE update accounts for changes in commodity prices and mining costs since 2022/2023, enhancing the project's economic viability [5] - Sensitivity analyses indicate the resilience of the silver resource to changes in metal prices, suggesting significant growth opportunities remain [6] Project Overview - The Calico Project is located in San Bernardino County, California, encompassing 8,283 acres and is strategically positioned near infrastructure [9] - The geology of the project features a district-scale mineral system with a mineralized strike length of approximately 6,000 meters [10] Qualified Persons - The technical data has been reviewed and approved by independent Qualified Persons from Stantec, ensuring credibility in the resource estimation process [11][12] Company Background - Apollo Silver is advancing one of the largest undeveloped primary silver projects in the U.S., with significant barite and zinc credits recognized as critical minerals [13]

Core Insights - Inventus Mining Corp. has initiated its Phase 2 drill program at the Pardo Gold Project, aiming to advance towards its first resource estimate and future production permitting [1][4][10] Drilling Program - The Phase 2 program includes 98 shallow drill holes totaling approximately 2,500 meters, targeting the continuity of gold mineralization [3][10] - Previous drilling results indicated significant mineralized zones, with hole PD-25-87 returning 6.47 meters of 2.16 gpt gold, including a high-grade core of 0.85 meters at 9.41 gpt gold [3][4] Objectives and Future Plans - The primary goal of the drilling phase is to expand and confirm the continuity of near-surface gold mineralization, which will support an initial mineral resource estimate (MRE) [4][10] - The MRE will be crucial for obtaining a Mine Production Permit, which the company aims to complete within the next 12 months [4][10] Bulk Sampling Update - The company has received a revised processing date for the 4,816-tonne 007 North bulk sample, now scheduled for November 1, 2025 [6][10] - The bulk sampling program is seen as a key milestone to validate the grade and recoveries of the Pardo gold mineralization, potentially providing cash flow for ongoing exploration [7][10] Economic Potential - The flat-lying, near-surface gold mineralization at Pardo allows for efficient and cost-effective drilling, facilitating rapid expansion of the mineralized footprint [5][10] - The upcoming bulk sample processing is expected to demonstrate the project's strong economics and establish Pardo as a potential near-term surface-mining operation [8][10]

Core Viewpoint - Radisson Mining Resources Inc. is expanding its exploration drill program at the O'Brien Gold Project to 140,000 metres, utilizing up to eight drill rigs, aiming to delineate new high-grade gold mineralization beyond the current Mineral Resource Estimate [1][2][6]. Exploration Program Expansion - The ongoing step-out exploration drill program will increase from an initial 50-60,000 metres to 140,000 metres, marking the largest drill program in the history of the O'Brien Gold Project [1][6]. - The program will continue through 2026 and is expected to generate significant new data and updates to the Project's Mineral Resource Estimate [2][6]. Financial Backing - The expansion follows a successful financing round that raised $25 million, enabling the company to increase the scope and ambition of its exploration efforts [2]. Exploration Targets - The Exploration Target at O'Brien is estimated to be between 3 and 4 million ounces of gold, with a grade range of 4.5 to 8.0 grams per tonne [2]. - Recent drilling has confirmed high-grade mineralization at depths of up to 2 kilometres, with significant intersections reported, including 31.24 g/t Au over 8.0 metres [3][5]. Preliminary Economic Assessment - The recently completed Preliminary Economic Assessment (PEA) indicates a high-value project with reduced capital costs and development risks due to the use of nearby milling facilities [2][14]. - The current Mineral Resource Estimate includes Indicated Mineral Resources of 0.58 million ounces and Inferred Mineral Resources of 0.93 million ounces, based on drilling completed to the end of 2022 [8][14]. Geological Context - Gold mineralization at O'Brien is associated with quartz-sulphide veins within volcanic and sedimentary rock formations, typically occurring in narrow, high-grade shoots [9][10][11]. - The historic O'Brien mine produced over half a million ounces of gold at an average grade exceeding 15 g/t Au, indicating the potential for significant resource growth [11].

Core Insights - The article highlights exceptional drill results from FireFly Metals Ltd's Green Bay Copper-Gold Project, extending known mineralization by over 650 meters beyond the previous Mineral Resource Estimate [4][6][10]. Drilling Results - The furthest drill hole, MUG25-202, intersected 49.0 meters at 6.1% copper equivalent (CuEq), including a significant internal zone of 14.3 meters at 13.7% CuEq [3][5][22]. - Other notable intersections include 7.0 meters at 3.9% CuEq and 14.1 meters at 3.7% CuEq, confirming the presence of high-grade copper and gold mineralization [9][28]. Mineral Resource Estimate - The current Mineral Resource Estimate for Green Bay totals 24.4 million tonnes (Mt) at 1.9% for 460,000 tonnes (Kt) CuEq of Measured & Indicated Resources and 34.5 Mt at 2.0% for 690 Kt CuEq of Inferred Resources [6][61]. - The upcoming update is expected to reflect an increase in the Measured and Indicated category due to successful drilling results [29]. Financial Position - FireFly Metals has a strong balance sheet with approximately A$145 million in cash and liquid investments, following a successful equity raise [15][36]. - These funds will be utilized to accelerate exploration activities and complete feasibility studies for the Green Bay Project [15][36]. Exploration Activities - Eight diamond rigs are currently operational, focusing on upgrading the Mineral Resource and exploring new regional discoveries [3][11]. - Regional exploration is ongoing, with two drill rigs testing high-priority targets across the company's claims [34][35]. Future Plans - The company plans to continue drilling to further extend mineralization and upgrade Inferred Resources to Measured and Indicated categories [27][30]. - Economic evaluations for the rescaled resumption of production at Green Bay are underway, with preliminary studies expected to be completed in Q1 2026 [30][33].

Core Viewpoint - Granada Gold Mine Inc. is reviewing the potential for an open pit resource at the Granada Minesite due to the current increase in gold prices, specifically targeting a grade of 1 gram per tonne [1] Company Overview - Granada Gold Mine Inc. operates the Granada Gold Property near Rouyn-Noranda, Quebec, which spans 14.73 square kilometers and is adjacent to the Cadillac Break [12] - The company is currently conducting a large drill program, having completed 20,000 meters out of a planned 120,000 meters, with drilling paused to evaluate existing data and market conditions [12] Resource Estimates - The fully permitted resource is shovel-ready, with 80% of the 5.5-kilometer mineralized structure open for exploration, indicating potential for significant resource increases [2] - Historical resource estimates from May 2017 indicated a total measured and indicated resource of 21,575,500 tonnes at an average grade of 1.16 grams per tonne, equating to 807,700 ounces of gold [3][4] - An updated resource estimate as of August 2022 reported 543,000 ounces of gold in the Measured and Indicated category and 456,000 ounces in the Inferred category, with average grades of 2.05 grams per tonne and 4.71 grams per tonne respectively [10][11] Historical Context - The Granada Gold Mine operated as an underground mine in the 1930s, producing gold at grades of 9-10 grams per tonne from two shafts [2][13] - Historical production from the mine totaled over 50,000 ounces of gold at an average grade of 10 grams per tonne [14] Development Plans - The current development plan proposes to operate as an open pit followed by a higher-grade underground mine, leveraging the existing mineralized zones [2]

Core Viewpoint - Benton Resources Inc. has entered into a purchase agreement to acquire a 100% interest in Noble Mineral Exploration Inc.'s Island Pond Property, which is strategically located near Benton's South Pond Gold Zone, potentially enhancing its mineralization prospects [1][2][3]. Acquisition Details - The acquisition involves a one-time cash payment of CAD 30,000 and the issuance of 1,000,000 common shares to Noble, pending TSX Venture Exchange approval [1][4]. - The Island Pond Property is expected to extend the current 2.7 km mineralized trend by over 1,000 meters, consolidating control over the northern extension of the South Pond trend [3]. Geological Significance - Geological and geophysical similarities between the Island Pond and South Pond areas suggest a continuation of significant gold-copper mineralization along the same structural trend [2]. - Benton plans immediate prospecting and geophysical evaluations to assess the potential of the newly acquired property [3]. Financial and Operational Aspects - The project is subject to a 2% Net Smelter Royalty (NSR) to an original vendor and a 1% NSR to Noble, with Benton having the right to buy back the original 2% NSR for CAD 1.5 million [4]. - Benton has drilled 23,300 meters at the Great Burnt and South Pond projects since late 2023, with notable gold assay results indicating robust mineralization [7][11]. Company Overview - Benton Resources is a well-financed mineral exploration company listed on the TSX Venture Exchange under the symbol BEX, with a diversified property portfolio and significant equity positions in other mining companies [10]. - The company is focused on advancing its high-grade Copper-Gold Great Burnt Project, which has a Mineral Resource estimate of 667,000 tonnes at 3.21% Cu Indicated and 482,000 tonnes at 2.35% Cu Inferred [11].