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SAGA Metals Completes Phase 2 of Major Drill Program at the Radar Project in Labrador—Confirms Extensive Oxide Mineralization in All Drill Locations at Trapper North and South Zones & Provides Corporate Update
Globenewswire· 2025-12-10 13:00
Core Insights - SAGA Metals Corp. has successfully completed diamond drilling in the Trapper South zone, totaling 977 meters across four drill holes, confirming extensive oxide mineralization [1][5][25] - The completion of Phases 1 and 2 of the mineral resource estimate drill program has validated a 3+ km magnetic anomaly within the Trapper zone, with significant findings in both the North and South targets [3][5][25] - The company has raised $6 million through an oversubscribed brokered LIFE Offering, positioning it to advance its critical drill program [3][5] Trapper South Zone Summary - All four drill holes in the Trapper South zone have intercepted rhythmic oxide layering, with significant cumulative thicknesses reported [6][7] - Drill hole R-0012 encountered 59.88 meters of rhythmic oxide layering, while R-0013 reported 174.87 meters of oxide, confirming the strong magnetic response [7][8] - Logging of drill holes R-0014 and R-0015 is ongoing, with expectations to report on lithological observations soon [6] Trapper North Zone Summary - Drilling in the Trapper North zone has completed 1,073 meters across four diamond drill holes, targeting a strong magnetic anomaly [11][12] - The drilling has revealed variations in structural attitudes, mapping an open anticline with significant thicknesses of oxide units [12] - Initial samples from drill holes R-0008 and R-0009 have been sent for assay, with results expected in the coming weeks [13] Drill Program Objectives - The objectives of Phases 1 and 2 include gathering structural, geometrical, and mineralogical information to set the stage for a robust 2026 maiden resource estimate [16][18] - The planned 15,000 meters of drilling aims to establish grade continuity across a 3 km strike length and integrate structural insights into future drilling designs [18][21] Company Overview - SAGA Metals Corp. is focused on the exploration of critical minerals, with the Radar Titanium Project covering 24,175 hectares and hosting a large mineralized layered mafic intrusion [28][31] - The company also holds the Double Mer Uranium Project and the Legacy Lithium Property, positioning it strategically in the critical minerals sector [29][30]
Seabridge Gold Continues to Expand Snip North Deposit
Newsfile· 2025-12-10 12:30
Core Insights - Seabridge Gold has reported significant drilling results from the Snip North Deposit at the Iskut project, indicating a large and robust Porphyry Cu-Au system with mineralization defined over a strike length of 2,100 meters, a dip projection of 600 meters, and a width of up to 700 meters [1][2] Drilling Results - The recent drilling has intersected wide intervals of consistent gold and copper grades, with notable holes such as SN-25-31 to SN-25-42 designed to infill and characterize potassic alteration and replacement mineralization [4][5] - Drill hole SN-25-31 reported an interval of 293.0 meters with an average gold grade of 0.46 gpt and copper grade of 0.10% [6] - Other significant results include SN-25-34 with 538.9 meters at 0.52 gpt gold and 0.13% copper, and SN-25-38 with 392.5 meters at 0.57 gpt gold [6][7] Geological Characteristics - The mineralization is primarily confined to a broad zone of potassic alteration within Triassic Stuhini sedimentary and volcanic rocks, characterized by hydrothermal biotite and magnetite [3] - The system exhibits intense quartz-sericite-pyrite alteration, indicating high-temperature and high magmatic fluid flux, with significant molybdenum grades observed [4] Future Outlook - The company is confident in achieving a significant maiden resource estimate for Snip North in early 2026, with ongoing assays and modeling to further define the limits of mineralization [2][11] - There is potential for discovering a higher-grade intrusive source, as indicated by promising results from specific drill holes [2][11]
Kenorland Minerals Provides an Exploration Update
Newsfile· 2025-12-09 12:30
Vancouver, British Columbia--(Newsfile Corp. - December 9, 2025) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("Kenorland" or the "Company") is pleased to provide an update on its exploration activities across its portfolio of projects in Quebec, Ontario, Manitoba, Saskatchewan, New Brunswick, and Alaska, including partnerships with Sumitomo Metal Mining Canada Ltd. ("Sumitomo") and Centerra Gold Inc. ("Centerra").As of October 31, 2025, the Company's working capital position was approx ...
Kodiak Reaches Key Milestone with Initial Mineral Resource Estimate at the MPD Copper-Gold Project
Newsfile· 2025-12-09 11:00
Core Insights - Kodiak Copper Corp. has announced the initial Mineral Resource estimate for its 100%-owned MPD copper-gold project, which includes seven deposits, marking a significant milestone in the project's development [1][5][25] Resource Estimate Summary - The total Indicated Mineral Resource is 82.9 million tonnes (Mt) with a grade of 0.39% copper equivalent (CuEq), equating to 519 million pounds (Mlb) of copper and 0.39 million ounces (Moz) of gold [5][10] - The total Inferred Mineral Resource is 356.3 million tonnes (Mt) with a grade of 0.32% CuEq, amounting to 1,889 million pounds (Mlb) of copper and 1.28 million ounces (Moz) of gold [5][10] - The resource estimates for the West, Adit, and South deposits were reported recently, complementing earlier estimates for the Gate, Ketchan, Man, and Dillard deposits [5][10] Project Characteristics - The West and Adit deposits feature high-grade mineralization from surface, while the South deposit is a large bulk tonnage deposit over 1 km in length that remains underexplored [5][6] - All deposits are characterized by shallow mineralization and favorable geometry, which are expected to support low strip ratios in future economic evaluations [5][6] Future Plans - Kodiak plans to focus on resource growth in 2026, including testing numerous underexplored targets on the MPD property, which presents opportunities for discovering new mineralized zones [5][6][18] - The exploration program will prioritize resource expansion and test multiple target areas, with approximately 20 targets currently identified on the property [6][18] Economic Potential - The MPD project is located in a well-established, low-cost mining district in southern British Columbia, enhancing its economic potential [6][25] - The initial Mineral Resource estimate indicates considerable scale and strong growth potential, consistent with leading copper porphyry projects in North America [6][25]
Fury Gold Mines reports initial inferred MRE for Sakami gold project
Yahoo Finance· 2025-12-09 09:59
Core Insights - Fury Gold Mines has reported an initial inferred mineral resource estimate (MRE) for the La Pointe Extension target at the Sakami gold project, totaling 23.9 million tonnes grading 1.07 grams per tonne of gold, equating to 825,000 ounces [1][2] Group 1: Mineral Resource Estimate - The Sakami gold project MRE outlines 23.9 million tonnes grading 1.07 grams per tonne of gold, for a total of 825,000 ounces [1] - The MRE remains open in all directions, indicating potential for near-term growth to the northeast and southwest, as well as below the current open-pit limits [2] - The initial mineral exploration target at La Pointe is estimated to range between 8.1 million tonnes and 14.7 million tonnes, with grades between 1.57 grams per tonne and 1.11 grams per tonne of gold [2] Group 2: Discovery Cost and Acquisition - The discovery cost of the La Pointe Extension is estimated at less than C$9 per ounce (approximately $6.49 per ounce), which includes acquisition costs and drilling expenses [3] - Fury Gold Mines completed the acquisition of all issued and outstanding common shares of Québec Precious Metals in April this year [6] Group 3: Project Development and Future Potential - The CEO of Fury Gold Mines described the Sakami mineral resource estimate as an exciting milestone and a starting point for the project, emphasizing the potential for growth [4] - The Sakami project covers approximately 14,250 hectares and is located 30 kilometers east of the paved Billy Diamond Highway [5] - During the 2025 drilling campaign, the company completed seven diamond drill-holes totaling approximately 3,685 meters [5]
AJN Resources Inc. Signs Non-Binding Term Sheet to Acquire 55% Indirect Interest in Giro Gold Project
Newsfile· 2025-12-09 02:59
Core Viewpoint - AJN Resources Inc. has signed a non-binding term sheet to acquire a 55% indirect interest in the Giro Gold Project, aiming to become a significant player in the Democratic Republic of the Congo's gold sector [1][3]. Group 1: Acquisition Details - The non-binding term sheet allows AJN to purchase a 55% registered and beneficial interest in Giro Goldfields through the issuance of 250 million common shares [15]. - The acquisition is subject to conditions including satisfactory due diligence and necessary approvals [15]. - Upon closing, AJN will have the option to acquire an additional 10% interest for either $30 million within 12 months or $50 million within 24 months [15]. Group 2: Project Overview - The Giro Gold Project consists of two exploitation permits covering approximately 497 km² in the Kilo Moto Greenstone Belt, located about 35 km west of the Kibali Mine [2]. - The project includes two main deposits: Kebigada and Douze Match, both of which exhibit similar mineralization styles to the Kibali Deposit [5][12]. Group 3: Mineral Resource Estimates - The Kebigada deposit has a historic JORC 2012 mineral resource estimate of 141.1 million tonnes at 0.97 g/t Au, containing approximately 4.4 million ounces of gold [10]. - The Douze Match deposit has a historic estimate of 84,879 ounces at 1.2 g/t Au [12]. - Previous drilling at Kebigada confirmed mineralization over 1.3 to 1.5 km with widths of up to 350-400 m and depths exceeding 300 m [9]. Group 4: Financial Activities - AJN has announced a non-brokered private placement offering of up to 3 million units at a price of 16.5 cents per unit, aiming for gross proceeds of up to $495,000 [18]. - The proceeds will be allocated for due diligence on Giro Goldfields and the Giro Gold Project, as well as for exploration activities [18]. - The company has also issued 666,666 common shares to each of three finders as part of finder's fee agreements [17].
Thunder Gold Phase Three Drill Results Demonstrate Broad, Consistent Mineralization at Tower Mountain
Newsfile· 2025-12-08 12:30
Core Insights - Thunder Gold Corp. announced complete results from the Phase Three drill program at the Tower Mountain Gold Property, indicating significant mineralization potential west of the Tower Mountain Intrusive Complex (TMIC) [1][3][23] - The drilling results confirm the scalability and continuity of mineralization, with all seven holes at the 3738 Target intersecting mineralization as predicted [3][11][23] Summary by Sections Drill Program Results - The Phase Three drilling program consisted of twelve holes totaling 2,164 meters, with an estimated cost of less than C$300 per meter [10][23] - At the 3738 Target, seven holes (1,633 meters) were completed, all intersecting mineralization at expected grades [3][11] - Significant intercepts included 1.83 g/t Au over 18.0 meters and 0.53 g/t Au over 181.5 meters among others [8][23] Mineralization Potential - The 3738 Target breccia channel measures 150 to 200 meters in true width and shows consistent gold grades, remaining open along strike and down dip [6][23] - The Bench-3738-Ellen trend covers an area of 800 meters x 200 meters x 300 meters, with only 30% drill-tested, indicating substantial resource expansion opportunities [6][23] Infrastructure and Cost Efficiency - The proximity to Thunder Bay and existing infrastructure allows for one of the lowest discovery costs in Canada, enhancing the project's economic viability [4][23] - Internal modeling suggests that the current mineralization can be extracted without impacting existing infrastructure routes [4][23] Future Exploration and Resource Estimates - All necessary exploration permits are valid through 2028, allowing for continued exploration and resource definition [6][23] - The results from Phase Three will be incorporated into a Mineral Resource Estimate being prepared by Micon International Ltd. [3][11] Company Overview - Thunder Gold Corp. is focused on advancing the Tower Mountain Project, which is characterized by its scale, consistency, and potential for a long-life, open-pit operation [41] - The company aims to unlock a discovery that could transform the gold project landscape in Canada, delivering long-term value for shareholders [42]
Fury Announces Initial Mineral Resource Estimate for the Sakami Gold Project in Quebec
Globenewswire· 2025-12-08 11:59
Core Viewpoint - Fury Gold Mines Limited has announced an initial inferred mineral resource estimate for the La Pointe Extension target at its Sakami gold project, indicating significant potential for resource expansion and low discovery costs [1][3][4]. Summary by Sections Initial Mineral Resource Estimate - The initial mineral resource estimate (MRE) for the La Pointe Extension is 23.9 million tonnes grading 1.07 grams per tonne (g/t) gold, containing 825,000 ounces of gold [6][7]. - The resource is located near the surface, with all ounces projected to be within 400 meters of the surface [6]. Exploration Potential - There is considerable upside to expand beyond the existing in-pit resources, with an initial mineral exploration target ranging from 8.1 million tonnes to 14.7 million tonnes, grading between 1.57 g/t and 1.11 g/t gold [3][13]. - The current resource remains open in all directions, with immediate opportunities to expand to the northeast and southwest, as well as below the current open pit [11][19]. Discovery Cost and Project Development - The discovery cost for the La Pointe Extension is reported to be less than C$9 per ounce, which includes acquisition costs and drilling expenses [3]. - The summer 2025 drilling program confirmed the continuity and grades of historical drilling, leading to the release of the initial resource estimate [3][19]. Technical Details - The MRE was prepared by an independent geologist in accordance with Canadian standards, ensuring the credibility of the estimates [4][22]. - The estimates are based on a validated database that includes data from 54 surface diamond drill holes totaling 18,233.72 meters [7][21]. Project Overview - The Sakami project covers approximately 14,250 hectares and is strategically located in a region with established gold mineralization [18]. - The project is positioned along a structural corridor where gold mineralization has been identified over a distance of more than 23 kilometers [18].
Omai Gold Drills High-Grade Zone at East Wenot, Intersecting 11.07 g/t Au over 14.7m, Including 34.31 g/t Au over 4.3m
Newsfile· 2025-12-08 11:35
Core Insights - Omai Gold Mines Corp. has reported significant assay results from its drilling program at the Omai Gold Project in Guyana, highlighting new high-grade gold zones at East Wenot and Central Wenot [1][4][5] Drilling Program Overview - A total of 79 drill holes (35,300 meters) have been completed in 2025, with 30 holes (13,250 meters) on the Wenot deposit not included in the August 2025 Mineral Resource Estimate (MRE) [2][29] - The company aims to update the MRE in early 2026, ahead of a Preliminary Economic Assessment (PEA) expected in H1 2026 [2][4] Significant Drill Results - Notable intersections include: - Hole 25ODD-142 at East Wenot: 11.07 g/t Au over 14.7 meters, including 34.31 g/t Au over 4.3 meters - Hole 25ODD-145W at Central Wenot: 13.54 g/t Au over 13.3 meters, including 27.82 g/t Au over 6.2 meters and 63.17 g/t Au over 2.2 meters [7][8][30] Exploration Focus - The drilling program is focused on expanding the resource at Wenot and optimizing the upcoming PEA by exploring less drilled areas within the southern sedimentary sequence and the Dike Corridor [5][16] - The company has exceeded its goal of completing an additional 10,000 meters of drilling by year-end [4][5] Camp Zone and BBH Target Updates - At the Camp Zone, seven diamond drill holes (2,931 meters) have been completed, with significant results including 2.72 g/t Au over 16.3 meters in hole 25ODD-135 [25][26] - The BBH target has also seen recent drilling, with results indicating widespread near-surface gold mineralization, although some holes returned lower grade results [20][21][22] Corporate Developments - Omai Gold has entered into an investor relations agreement with TB Investor Relations to enhance its communication strategy, effective December 1, 2025 [33]
Doubleview Gold Corp. Announces Successful Completion of 2025 Drilling Season at the Hat Project, the Largest Drill Season yet with 13,290m Diamond Drill Core
Newsfile· 2025-12-08 11:04
Core Insights - Doubleview Gold Corp. has successfully completed its largest drilling season at the Hat Polymetallic Project, with a total of 13,290 meters drilled across 19 holes, achieving a 100% success rate in mineralization intersection [1][6][8] Drilling Season Highlights - The 2025 drilling campaign is noted for its efficiency and technical productivity, averaging 699.5 meters per hole [6] - A newly discovered deep mineralized horizon has been identified beneath the 2024 conceptual pit outline, indicating significant down-dip continuity and expansion potential [6][7] - All drill holes intercepted mineralization, confirming the strength and continuity of the porphyry system [6][8] - Previously disclosed holes H097, H098, and H099 extended mineralization by 200-300 meters down-dip and up to 100 meters laterally, enhancing the block model and geological interpretation [6][8] - Hole H099 reported 438 meters of 0.40% CuEq, including 52 meters of 1.02% CuEq, marking one of the strongest continuous intervals drilled at the Hat to date [6][8] Geological Understanding and Resource Models - The 2025 work has advanced the understanding of copper-gold-cobalt-scandium mineral domains, with significant achievements in scandium recovery [7][8] - The company is focused on completing the assay review for holes H100 through H108, which will inform updates to the Mineral Resource Estimate (MRE-2) and the ongoing Preliminary Economic Assessment (PEA) [6][10] Future Developments - The integration of the full 2025 drill dataset, including pending assays, is expected to enhance the confidence and robustness of the forthcoming PEA, supporting a comprehensive evaluation of the Hat Project's economic potential [10]