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Mayfair Gold Files Technical Report for Fenn-Gib Gold Project
Prnewswire· 2025-10-14 11:00
Core Viewpoint - Mayfair Gold Corp. has filed an updated technical report for the Fenn-Gib Gold Project, reflecting a significant increase in the gold price assumption and a corresponding adjustment in the mineral resource estimate [1][2]. Group 1: Technical Report Details - The updated technical report is titled "National Instrument 43-101 Technical Report – Mineral Resource Estimate Update Fenn-Gib Project, Ontario, Canada" and is available on SEDAR+ [1]. - The effective date of the updated mineral resource estimate is September 3, 2024, with the assay cut-off date for drill holes being April 30, 2024 [2]. - The gold price used in the updated report increased from US$ 1,765/oz to US$ 2,000/oz, leading to a reduction in the cut-off grade from 0.4 g/t Au to 0.3 g/t Au [2]. Group 2: Mineral Resource Estimates - The updated NI 43-101 open pit constrained mineral resource estimate includes a total Indicated Resource of 181.3 million tonnes containing 4.3 million ounces at a grade of 0.74 g/t Au, and an Inferred Resource of 8.92 million tonnes containing 0.14 million ounces at a grade of 0.49 g/t Au, based on a 0.30 g/t Au cut-off grade [4]. Group 3: Future Plans - The new technical report provides additional details on mineral processing and metallurgical testing, which will support the pre-Feasibility Study currently underway, expected to be released later in 2025 [2].
Scorpio Gold Announces Additional Drilling Results at the Manhattan District, Nevada
Newsfile· 2025-10-14 10:00
Core Viewpoint - Scorpio Gold Corp. has announced additional drilling results from its 2025 Phase 1 drilling program at the Manhattan District Project in Nevada, indicating significant gold mineralization and supporting the company's goal of expanding its maiden resource estimate to two million ounces of high-grade gold [1][4]. Summary by Sections Drilling Results - Phase 1 drilling included 12 diamond drill holes totaling 4,216 meters, with additional assay results pending for four remaining holes totaling 1,465 meters [2]. - Notable drill results include: - Hole 25MN-016: 0.91 g/t Au over 36.39 m, including 2.97 g/t Au over 3.41 m and 3.33 g/t Au over 4.08 m [7]. - Hole 25MN-017: 0.80 g/t Au over 33.13 m, including 10.07 g/t Au over 5.94 m [7]. - Hole 25MN-015: 5.49 g/t Au over 7.32 m [7]. Target Zones Overview - The 2025 Phase 1 drill program targeted four primary mineralized zones: the Gap Zone, Reliance Trend, Mustang Hill, and West Pit Extension, confirming continuity of mineralization and potential for resource expansion [5]. - The Gap Zone, located between historic mines, showed mineralization extending across a previously undrilled corridor of approximately 200 meters [5]. - Mustang Hill returned multiple high-grade intercepts near surface, reinforcing its significance as a growth target [5]. Transition to Phase 2 - With Phase 1 completed, the company is planning Phase 2, which will focus on systematically drilling the core of the Mineral Resource Estimate to the northwest of the West Pit [6]. - Phase 2 aims to complete 50,000 meters of drilling by the end of next August, supporting the goal of defining a two-million-ounce gold resource [8]. Marketing and Investor Engagement - Management will participate in The Hidden Gems Conference in New York City on October 20-21, 2025, to engage with potential investors and provide updates on the drilling program and resource estimates [24]. About the Manhattan District - The Manhattan District is located in the Walker Lane Trend of Nevada and has historically produced approximately 700,000 ounces of gold [26]. - The maiden Mineral Resource Estimate from June 2025 indicated 18,343,000 tonnes grading 1.26 g/t gold for a total of 740,000 ounces contained in the inferred category [26].
Omai Gold Files NI 43-101 Technical Report Supporting an Updated Mineral Resource Estimate on Its Omai Gold Property in Guyana
Newsfile· 2025-10-09 20:00
Core Viewpoint - Omai Gold Mines Corp. has filed a National Instrument 43-101 Technical Report supporting an updated Mineral Resource Estimate for its Omai Gold Property in Guyana, highlighting significant increases in both Inferred and Indicated resources [1][2]. Group 1: Mineral Resource Estimate Highlights - The Inferred Mineral Resource Estimate for the Wenot Deposit increased by 130% to 3,717,000 ounces at a grade of 1.82 g/t Au, contained in 63.4 million tonnes [1][5]. - The Indicated Mineral Resource Estimate for the Wenot Deposit increased by 16% to 970,000 ounces at a grade of 1.46 g/t Au, contained in 20.7 million tonnes [1][5]. - The overall updated Mineral Resource Estimate includes a total of 2,121,000 ounces of gold (Indicated) and 4,382,000 ounces of gold (Inferred), reflecting increases of 7% and 92% respectively compared to the previous estimate [5]. Group 2: Technical Report and Methodology - The Technical Report was prepared under the supervision of Eugene Puritch, a Qualified Person, ensuring compliance with NI 43-101 standards [1][6]. - The report indicates that approximately 60% of the resources are located below 350 meters depth from the surface, with significant expansion potential along a minimum 2.5 km length of the Wenot shear corridor [5][7]. Group 3: Company Overview and Future Plans - Omai Gold Mines Corp. is focused on expanding its two orogenic gold deposits at the Omai Gold Project, which is recognized as one of the fastest-growing gold camps in the Guiana Shield [7]. - The company is preparing an updated Preliminary Economic Assessment (PEA) expected in early 2026, following the significant increase in the Mineral Resource Estimate [7].
Eloro Resources Ltd. Intersects the Longest Zinc Interval to Date at its Iska Iska Project, Potosí Department, Bolivia with 456 Metres Grading 1.72% Zn including 190.5m grading 2.35% Zn in Hole DSB-88
Globenewswire· 2025-10-09 11:00
Core Viewpoint - Eloro Resources Ltd. has announced promising assay results from two step-out drill holes in the Santa Barbara zone, indicating the potential for resource expansion and upgrading ahead of a Preliminary Economic Assessment (PEA) [2][4]. Summary by Relevant Sections Drill Results - The company has completed a total of 6,756 meters of diamond drilling in fourteen holes, with 3,371 meters reported from seven holes, and assay results pending for one remaining hole [2]. - Significant intersections include: - Hole DSB-88: 1.72% Zn over 456 meters, including 2.35% Zn over 190.5 meters [8]. - Hole DSB-89: 24.51 g/t Ag and 1.27% Zn over 154.5 meters, with notable intervals of 74.64 g/t Ag over 13.5 meters [8][9]. Mineral Resource Expansion - The recent drill results are expected to infill areas previously classified as waste in the Mineral Resource Estimate (MRE), contributing to both resource expansion and upgrading [4]. - The definition drill program has successfully extended the footprint of higher-grade domains, indicating the presence of two significant near-surface mineral deposits that could be mined from a single starter pit [4][32]. Technical Insights - The drill holes DSB-88 and DSB-89 were strategically placed to explore the southeastern margin of the potential starter pit area, with DSB-88 being a step-out hole located 310 meters northeast of DSB-87 [5][6]. - The results from DSB-88 and DSB-89 are among the most robust mineralized intersections recorded in the definition drill program, reinforcing the exploration strategy of the technical team [4][6]. Project Background - The Iska Iska project is a significant silver-tin polymetallic complex located in southern Bolivia, with Eloro holding an option to earn a 100% interest [18][19]. - The project is characterized by a major silver-tin polymetallic porphyry-epithermal complex, with mineralization similar to other significant deposits in the region [19][33].
Green Bay Copper-Gold Project, Canada: Exceptional high-grade copper and gold results pave the way for a significant Mineral Resource Estimate update this quarter
Globenewswire· 2025-10-08 22:00
Core Insights - FireFly Metals Ltd is advancing an aggressive drilling strategy at the Green Bay Copper-Gold Project, utilizing eight diamond rigs to enhance resource growth and upgrade Inferred Resources to Measured and Indicated categories [2][3][4] - Recent infill drilling results have shown high-grade mineralization, with grades reaching nearly 20% CuEq, indicating strong continuity and potential for significant resource upgrades in the upcoming Mineral Resource Estimate [5][7][12] Drilling Campaign - A six-rig underground drill campaign is focused on both resource growth and upgrading Inferred Resources to more valuable Measured and Indicated categories [4][18] - The current Mineral Resource Estimate for Green Bay stands at 24.4 million tonnes at 1.9% for 460,000 tonnes CuEq in Measured and Indicated Resources, and 34.5 million tonnes at 2.0% for 690,000 tonnes CuEq in Inferred Resources [7][12] High-Grade Results - Recent infill drilling has returned exceptional results, including: - 4.4m at 19.5% CuEq (3.1% Cu & 19.2g/t Au) in hole MUG25-113 - 10.1m at 10.1% CuEq (6.6% Cu & 4.1g/t Au) in hole MUG25-110 - 8.0m at 8.6% CuEq (3.2% Cu & 5.8g/t Au) in hole MUG25-068 [5][6][39] Financial Position - FireFly has a strong balance sheet with approximately A$145 million in cash and liquid investments, following a successful equity raise, which will support ongoing exploration and feasibility studies [14][9] Regional Exploration - Regional exploration programs are actively underway, with drill rigs testing geophysical anomalies in the central Green Bay leases and a VTEM survey being conducted over the adjacent Tilt Cove Project [13][14]
Koryx Files Updated PEA for the Haib Copper Project, Southern Namibia
Globenewswire· 2025-10-08 16:45
Core Insights - Koryx Copper Inc. has filed the Preliminary Economic Assessment (PEA) for its Haib Copper Project in Namibia, which is a significant step in advancing the project [1][7] - The PEA results were previously announced on September 4, 2025, and the technical report is publicly accessible on SEDAR+ [1][7] Company Overview - Koryx Copper Inc. is a Canadian copper development company focused on the Haib Copper Project, which is 100% owned by the company, and is also building a portfolio of copper exploration licenses in Zambia [4] - The Haib Copper Project is characterized as a large, advanced copper/molybdenum porphyry deposit with a long history of exploration and development by various operators [4] Mineral Resource Details - The current mineral resource at the Haib Copper Project includes 511 million tonnes (Mt) at 0.33% copper (Cu) and 51 parts per million (ppm) molybdenum (Mo), equating to 1,668 thousand tonnes (kt) of contained copper and 25.9 kt of contained molybdenum in the Indicated category [5] - Additionally, there are 308.9 Mt at 0.31% Cu and 40 ppm Mo, representing 949 kt of contained copper and 12.4 kt of contained molybdenum in the Inferred category [5] Geological Characteristics - The mineralization at Haib is typical of a porphyry copper deposit and is one of the few Paleoproterozoic porphyry copper deposits globally, as well as one of only two in southern Africa [6] - The deposit has undergone multiple metamorphic and deformation events but retains classic mineralization features, primarily consisting of chalcopyrite with minor bornite and chalcocite [6]
Nova Pacific Reports Final Assay Results from Phase 1 Drilling at the Lara VMS Project
Newsfile· 2025-10-08 12:30
Core Insights - Nova Pacific Metals Corp. has reported final assay results from its Phase 1 drilling program at the Lara VMS Project, confirming the exploration model and supporting a Mineral Resource Estimate expected in Q4 2025 [1][2]. Drilling Results - The Phase 1 drill program consisted of seven drillholes totaling 2,228 meters, part of a larger 8,660-meter program [1]. - Significant intersections include: - Hole NP25-0011: 17.64 m grading 1.9 g/t AuEq or 4.3% ZnEq [6] - Hole NP25-0021: 9.0 m grading 2.1 g/t AuEq or 5.3% ZnEq [6] - Hole NP25-0041: 16.2 m grading 3.3 g/t AuEq or 8.6% ZnEq, including a high-grade interval of 11.1 g/t AuEq or 26.37% ZnEq [6] - Hole NP25-0143: 11 m grading 5.1 g/t AuEq or 13% ZnEq, with a peak of 20.5 g/t AuEq or 50.2% ZnEq [6] - Other drillholes reported no significant intersections, indicating gaps in the mineralization model [8]. Exploration Strategy - The company is compiling and digitizing historical data to evaluate mineralized zones beyond the Coronation area, which is a high-priority target within the 17-kilometer VMS belt [9][10]. - Nova Pacific aims to explore additional zones, including Lady A and Lady C, to potentially expand the resource base [7][11]. Quality Assurance - All drill core is logged, photographed, and analyzed by ALS Canada Ltd., ensuring high standards of quality control and accuracy in assay results [12]. Company Overview - Nova Pacific Metals Corp. is focused on advancing the Lara VMS Project, which is strategically located near key infrastructure and enriched with critical and precious metals [17].
Newcore Gold Increases Drill Program to 45,000 Metres at the Enchi Gold Project, Ghana
Globenewswire· 2025-10-08 10:20
Core Insights - Newcore Gold Ltd. has announced an increase in its 2024-2025 drill program to 45,000 metres at the Enchi Gold Project in Ghana, supported by a strong cash position of approximately $10 million after warrant exercises [1][4] Drill Program Overview - The first phase of the drill program focused on resource growth and infill drilling to convert Inferred Resources to Indicated, targeting near-surface oxide and shallow fresh mineralization [2][16] - The second phase will emphasize discovery and resource growth, including drilling at earlier-stage exploration targets and defining higher-grade structures at depth [2][16] Drilling Results - A total of 25,097 metres in 207 Reverse Circulation holes have been reported, with 98.5% of holes intersecting gold mineralization [6] - Significant drill results include: - KBRC352: 2.25 g/t Au over 56.0 m, including 3.83 g/t Au over 15.0 m [5][7] - SWRC194: 1.85 g/t Au over 62.0 m, with a higher-grade interval of 8.36 g/t Au over 10.0 m [5][7] - KBRC301: 204.27 g/t Au over 1.0 m [5][7] Resource Potential - The drilling has encountered wide zones of gold mineralization, indicating strong continuity and potential for resource growth, particularly outside the current limits of the Mineral Resource Estimate [5][6] - The Enchi Gold Project hosts an Indicated Mineral Resource of 41.7 million tonnes grading 0.55 g/t Au and an Inferred Mineral Resource of 46.6 million tonnes grading 0.65 g/t Au [22] Future Plans - The company is working towards completing the technical work necessary for a Pre-Feasibility Study in 2026, alongside ongoing drilling activities [4][17] - Development work in support of the Pre-Feasibility Study includes metallurgical testwork, hydrogeological testing, and environmental assessments [17]
McFarlane Issues NI 43-101 Mineral Resource Estimate on Its Juby Gold Project
Accessnewswire· 2025-10-07 11:15
Core Insights - McFarlane Lake Mining Limited has announced a Mineral Resource Estimate (MRE) for its Juby Gold project, indicating significant gold resources [1] Resource Estimate - The MRE includes 3.17 million inferred ounces of gold at a grade of 0.89 grams per tonne (gpt) [1] - Additionally, it reports 1.01 million indicated ounces of gold at a grade of 0.98 gpt, based on a long-term gold price of US$2500 per ounce [1] - Under a higher gold price scenario of US$3750 per ounce, the resource could yield 5.42 million ounces at a grade of 0.87 gpt, contained in 194 million tonnes [1] Project Location and Classification - The Juby Gold project is located approximately 15 kilometers west of Gowganda, Ontario, and about 90 kilometers west of Temiskaming Shores, Ontario [1] - The MRE has been classified according to CIM Definition Standards on Mineral Resources and Mineral Reserves, adhering to best practice guidelines [1]
Amargosa Bauxite-Gallium Project Mineral Resource Estimate
Globenewswire· 2025-10-03 12:30
Core Viewpoint - Brazilian Rare Earths Limited (BRE) has announced a Maiden Mineral Resource Estimate at the Amargosa Bauxite-Gallium Project, highlighting a significant bauxite resource with premium alumina grades and substantial contained gallium [1][6]. Bauxite Mineral Resource Estimate - The total mineral resource is estimated at 568 million tonnes (Mt) with a Total Available Alumina (TAA) of 29.8% [2]. - The resource includes 98 Mt of Direct-Ship Bauxite with a TAA of 41.9% and 470 Mt of Beneficiable Bauxite with a TAA of 27.3% [4]. Gallium Mineral Resource Estimate - The project contains 27,098,000 kg of gallium, with an average concentration of 47.7 parts per million (ppm) [2][3]. - Direct-Ship Bauxite has a gallium concentration of 51.6 ppm, while Beneficiable Bauxite has 46.9 ppm [3]. Strategic Importance - The contained gallium positions Amargosa as a key player in emerging supply chains for semiconductors, high-performance permanent magnets, and defense applications [3]. - The low reactive silica index (RSI) of the bauxite enhances alumina recovery and aligns with tightening refinery feed specifications [4]. Logistics and Infrastructure - The project benefits from direct highway access to bulk-export logistics in a Tier-1 jurisdiction, facilitating a capital-efficient direct-ship bauxite operation [7][8]. - A Memorandum of Understanding (MoU) has been signed with the Port of Enseada for mine-to-port export logistics [8]. Growth and Development Pathways - A near-term Scoping Study is planned to explore development pathways and long-term value creation options for Amargosa [7]. - The project has significant exploration upside, supported by historical drilling data, providing potential for further resource expansion [8]. Next Steps - Upcoming initiatives include a Scoping Study by the end of 2025, bauxite upgrade test-work, and resource drilling to assess growth and optimization [8].