Core Viewpoint - West Red Lake Gold Mines Ltd. has approved the immediate restart of the Madsen Mine, marking a significant milestone in the company's operational strategy [1][3]. Company Overview - West Red Lake Gold Mines Ltd. is focused on advancing its flagship Madsen Gold Mine and holds a highly prospective land package of 47 km in the Red Lake district of Ontario, which has historically produced over 30 million ounces of gold [4]. Restart Decision - The decision to restart the Madsen Mine was made after two years of efforts to unlock its potential, with major infrastructure projects completed and bulk sample results meeting expectations [2][3]. - The company plans to mine and process an average of 500 tonnes per day for the first two months, with a ramp-up in operations expected in the latter half of the year [3]. Strategic Importance - The restart is seen as a validation of the company's systematic approach to derisking the technical, operational, and funding aspects of a sustainable high-grade gold operation [3].

Core Viewpoint - Hi-View Resources Inc. has acquired a 100% interest in 613.24 hectares of contiguous claims near significant drilling discoveries by Amarc Resources and Freeport-McMoRan in the Toodoggone region of British Columbia, indicating potential for high-grade mineralization [1][2]. Company Developments - The acquisition was made through the issuance of 600,000 common shares and a cash payment of $1,073.16 to three arm's length vendors [5]. - Hi-View's management emphasizes the untapped potential of its land package, which includes historic drilling sites and underexplored areas, setting the stage for upcoming exploration activities [2][6]. Industry Context - The Toodoggone Region is recognized as one of Canada's premier mining districts, with recent discoveries enhancing its reputation [2]. - Amarc Resources' AuRORA discovery is highlighted as potentially the highest-grade porphyry find in British Columbia to date, attracting significant investments and interest in the area [2]. - Other companies, such as Thesis Gold and Skeena Resources, are also making strategic moves in the region, indicating a competitive and active mining environment [2].

Core Viewpoint - Angus Gold Inc. has successfully canceled a 2% Net Smelter Royalty (NSR) through a buyback from IAMGOLD Corporation, which is expected to enhance the company's financial flexibility and project development potential [1][2]. Group 1: NSR Cancellation - The NSR was associated with the Mishi Property in Wawa, Ontario, which is fully owned by Angus Gold and covers about one-third of the Golden Sky Project land package [2]. - The buyback of the NSR was completed for a cash payment of US$750,000 [2]. Group 2: Company Overview - Angus Gold Inc. is a Canadian mineral exploration company focused on acquiring, exploring, and developing gold properties, with its flagship project being the Golden Sky Project located in Wawa, Ontario [3]. - The Golden Sky Project is situated adjacent to the Eagle River Mine operated by Wesdome Gold Mines Ltd. [3]. Group 3: Acquisition Agreement - Wesdome Gold Mines Ltd. has entered into a definitive arrangement agreement to acquire all issued and outstanding common shares of Angus Gold as part of a plan of arrangement [4].

Core Viewpoint - Azucar Minerals Ltd. has entered into an Option-Joint venture exploration agreement with Almadex Minerals Ltd. to acquire a 60% interest in three mineral projects in Nevada, namely Pilot, Confusion Hills, and Red Ring [1][9]. Cash Payments - Azucar is required to make cash payments totaling $100,000 USD upon acceptance by the TSX Venture Exchange and minority shareholder approval, followed by $300,000 USD for each project upon completion of exploration requirements [2]. Work Commitments - The company must complete at least 2,000 meters of drilling across the projects within 18 months and at least 3,000 meters on the specific project chosen for the option within five years [3]. Additional Payments - Upon completion of at least 15,000 meters of drilling on a specific project, Azucar will make an additional cash payment of $750,000 USD to Almadex [4]. Pilot Mountain Project - The Pilot project features hydrothermal alteration in sedimentary rocks and has shown promising geological mapping and soil sampling results indicating potential porphyry mineralization [5]. A drill permit has been approved, and Azucar plans to develop drilling plans for 2025 [5]. Confusion Hills Project - The Confusion Hills project has shown encouraging preliminary results from grab rock samples, with some samples returning gold grades up to 7.1 g/t [6]. The project area has been mapped to define a high sulphidation/porphyry lithocap, and a drill permit has also been approved [6][7]. Red Ring Project - The Red Ring prospect has identified a significant alteration zone interpreted as a porphyry lithocap, with preliminary rock sampling indicating high values of pathfinder trace elements [8]. Azucar plans further sampling and geophysical studies in 2025 [8]. Management and Board Approval - The management and Board members of both Azucar and Almadex have unanimously approved the option agreement, with independent directors abstaining due to their interests [9][10]. Related Party Transaction - Almadex holds a 19% interest in Azucar, making the option agreement a related party transaction, which requires disinterested shareholder approval [10]. The company plans to seek this approval at its upcoming Annual General and Special meeting on June 26, 2025 [10]. Regulatory Compliance - The option agreement is subject to acceptance by the TSX Venture Exchange, and a material change report will be filed within 10 days of the announcement [11][12].

VANCOUVER, British Columbia, May 01, 2025 (GLOBE NEWSWIRE) -- Almadex Minerals Ltd. ("Almadex" or the "Company") (TSX-V: “DEX”) is pleased to announce that it has signed an Option-Joint venture exploration agreement (the “Option”) with Azucar Minerals Ltd. (“Azucar”) whereby Azucar has the option to acquire a 60% interest in three of Almadex’s wholly owned blocks of claims in Nevada, the Pilot, Confusion Hills and Red Ring prospects more fully described below (the “Projects”). The Pilot project also include ...

TORONTO, May 01, 2025 (GLOBE NEWSWIRE) -- Inventus Mining Corp. (TSXV: IVS) (“Inventus” or the “Company”) is pleased to announce that it has signed a Memorandum of Understanding (“MOU”) with McEwen Mining (“MUX”) to evaluate its Stock Mill for processing of material extracted from Inventus’ 100%-owned Pardo Gold Project located 65 km east of Sudbury, Ontario. Highlights The MOU describes the mutual intent of Inventus and MUX to evaluate if processing of bulk sample material can occur at the Stock Mill from ...

Intrepid Metals Receives Drill Permits and Resumes Exploration Activities at Corral Copper April 22, 2025 7:00 AM EDT | Source: Intrepid Metals Corp. Vancouver, British Columbia--(Newsfile Corp. - April 22, 2025) - Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) ("Intrepid" or the "Company") is pleased to announce that drill permits for an approximately 5,000 meter ("m") Phase 2 drill program (the "Phase 2 Drill Program") have been received for the Corral Copper Project ("Corral" or the "Property"), locat ...

Core Viewpoint - Fitzroy Minerals Inc. has successfully completed the acquisition of Ptolemy Mining Limited, positioning the company to target commercially viable copper resources in Chile and fully fund an 8,000-meter drill program at the Buen Retiro Copper Project in 2025 [1][2]. Acquisition Details - The acquisition involved the issuance of 88,000,000 common shares at a deemed price of $0.20 per share, with a hold period expiring on August 1, 2025 [4]. - Ptolemy is a UK-registered private company that holds options to acquire the Manto Negro, Buen Retiro, and Sierra Fritis properties in Chile [2]. Financing and Shareholder Approval - The company completed a private placement of 20,000,000 units at $0.15 per unit, raising $3,000,000 to fund the acquisition and exploration activities [10][13]. - The acquisition was subject to shareholder approval, which was obtained through written consent from holders of more than 50% of the outstanding shares, excluding shares held by the vendors [6]. Project Commitments - The Buen Retiro Option requires a $7,000,000 work program over four years, with specific annual expenditure requirements [7]. - The Sierra Fritis Option requires a $2,600,000 work program over four years, with a $50,000 payment due on specific anniversaries [9]. Management Changes - Gilberto Schubert has been appointed as the new Chief Operating Officer, bringing over 30 years of experience in resource development and operational leadership [2][14]. Related Party Transactions - The acquisition involved related party transactions, with Mr. Marr-Johnson and Mr. Schubert being vendors, and the company is exempt from formal valuation requirements under certain conditions [15]. Ownership Changes - Following the acquisition, Ptolemy Capital holds 31.31% of the issued and outstanding common shares of the company, representing a significant ownership stake [18].