BISHOP, Calif., May 13, 2025 (GLOBE NEWSWIRE) -- North Bay Resources, Inc. (the “Company” or “North Bay”) (OTC: NBRI) is pleased to announce a resource estimate (non-NI 43-101) for the Bullion Alley Zone at the Company’s Fran Gold Project. The preliminary resource estimate was completed by the Company using Leapfrog Geo + Edge 3D modelling software and diamond drilling data from 2001, 2005, 2006, 2012, and 2018 totaling 18,000 meters (55,000 feet) in 104 holes utilizing block model, with no cut-off: Diagra ...

Core Viewpoint - Silvercorp Metals Inc. has announced an updated independent mineral resource estimate for its Condor gold project in Ecuador, focusing on higher-grade materials accessible through underground mining [1][3]. Group 1: Mineral Resource Estimate (MRE) Details - The MRE update was conducted by SRK Consulting with an effective date of February 28, 2025, emphasizing underground resources at Camp and Los Cuyes deposits based on various cutoff grades [3][4]. - Total indicated underground mineral resources are 3.17 million tonnes at Camp and Los Cuyes, containing 0.34 million ounces of gold, 2.0 million ounces of silver, and 49.4 million pounds of zinc at a cutoff grade of 2.2 g/t AuEq [7]. - Total inferred underground mineral resources amount to 12.1 million tonnes, containing 1.38 million ounces of gold, 8.56 million ounces of silver, and 204.2 million pounds of zinc at the same cutoff grade [7]. Group 2: Preliminary Economic Assessment (PEA) Plans - Following the MRE update, the company plans to publish an updated Preliminary Economic Assessment study for the Condor project by the end of 2025 [2][16]. - The company will also undertake a 3,500-meter surface drilling program to explore areas with potential for higher-grade zones [16]. Group 3: Conceptual Open Pit Resources - Conceptual open pit constrained mineral resources for Soledad and Enma deposits are reported, with total indicated resources of 4.06 million tonnes containing 0.14 million ounces of gold and 9.27 million ounces of silver [13]. - Total inferred open pit mineral resources are 14.17 million tonnes, containing 0.35 million ounces of gold and 2,676 thousand ounces of silver [13]. Group 4: Future Steps and Strategy - The company is advancing necessary permits and community agreements to develop exploration tunnels into higher-grade zones, which will inform a possible feasibility study following the PEA [16]. - Silvercorp aims to create shareholder value through generating free cash flow, organic growth via extensive drilling, and ongoing merger and acquisition efforts [18].

Core Viewpoint - Red Pine Exploration Inc. is evaluating the potential for developing an early-stage open pit operation at its Wawa Gold Project in Ontario, driven by the current high gold price environment [1][2][4]. Group 1: Project Development - Management has initiated a review to assess the viability of near-term open pit production while continuing exploration of the Jubilee Shear at depth beyond the 2024 Mineral Resource Estimate (MRE) [2][4]. - The Wawa Gold Project is positioned to capitalize on gold mineralization that extends to the surface, leveraging existing infrastructure and excess mill capacity in the region [2][6]. - The company is considering contract open pit mining with an off-site toll milling arrangement, which could provide early-stage cash flow to support the development of a larger operation [2][4]. Group 2: Drilling and Exploration - Red Pine is currently drilling with two rigs and has completed approximately 65% of a fully funded 25,000-meter exploration program, with 8,000 to 9,000 meters allocated for evaluating near-term open-pit potential [6][8]. - The near-surface drilling program aims to increase confidence in the 2024 MRE and extend gold mineralization within the crown pillars of former mines [6][8]. - The company plans to update the 2024 MRE following the completion of the 8,500-meter surface drilling program and is working towards a preliminary economic assessment (PEA) anticipated for completion in the first half of 2026 [8]. Group 3: Strategic Approach - The company is integrating additional shallow drilling to outline a path to potential near-term production while progressing through the provincial permitting process and engaging with Indigenous communities [5][8]. - Internal assessments guiding the strategy were based on a gold price of US$2,200 per ounce, supporting the feasibility of an open-pit operation with minimal initial capital requirements [8]. - The phased approach aims to unlock significant value for shareholders while reinforcing the company's commitment to responsible and sustainable resource development [5][6].

Core Viewpoint - Newcore Gold Ltd. has reported significant drill results from its ongoing 35,000-metre drill program at the Enchi Gold Project in Ghana, particularly at the Boin Gold Deposit, indicating multiple wide zones of gold mineralization and higher-grade intervals, which suggest strong potential for resource growth [1][4][12]. Drilling Program Overview - The drill program aims to enhance resource growth and convert Inferred Resources to Indicated, with the first phase focused on resource conversion ahead of a Pre-Feasibility Study [2][13]. - A total of 14 Reverse Circulation (RC) holes totaling 2,055 metres have been reported, with all holes intersecting gold mineralization [4][9]. Significant Drill Results - Notable intersections include: - Hole KBRC352: 2.25 g/t Au over 56.0 m from 96 m, with a higher-grade interval of 3.83 g/t Au over 15.0 m from 122 m [5][6]. - Hole KBRC344: 1.16 g/t Au over 72.0 m from 104 m, including 3.06 g/t Au over 10.0 m from 114 m [5][11]. - Additional results from other holes include KBRC355 with 2.13 g/t Au over 29.0 m and KBRC353 with 2.15 g/t Au over 24.0 m [6][10]. Resource Estimate and Potential - The Boin Gold Deposit has an Indicated Mineral Resource of 13.0 million tonnes grading 0.62 g/t Au and an Inferred Mineral Resource of 15.9 million tonnes grading 0.68 g/t Au [15]. - Approximately 40% of the gold-in-soil anomaly at Boin remains untested, indicating further exploration potential [15]. Future Exploration and Development - The ongoing work program includes metallurgical testwork, trenching, hydrogeological testing, and soil sampling to define early-stage targets for future drilling [14][19]. - The drill program is a critical step in advancing the Enchi Gold Project, with the potential for significant resource growth across the district-scale property [13][22].

____________________________ Pre-Tax net present value discounted at 5% ("NPV5") of USD $359.0 million Pre-Tax Internal Rate of Return ("IRR") of 37.4% FAIRBANKS, AK, May 6, 2025 /PRNewswire/ - Contango ORE, Inc. ("Contango" or the "Company") (NYSE American: CTGO) is pleased to announce that it has completed the Technical Report Summary ("TRS") on the Johnson Tract Project (the "Project" or "Johnson Tract"), located in Alaska, U.S.A. The TRS summarizes the results of an Initial Assessment ("IA") of the pote ...

Core Viewpoint - Millennial Potash Corp. has successfully extended drillhole BA-001-EXT at its Banio Potash Project in Gabon, intersecting significant potash resources, which may enhance the project's overall mineral resource estimate and feasibility study [1][2]. Group 1: Drillhole Results - Drillhole BA-001-EXT was extended to approximately 678m, intersecting numerous carnallitite seams within about 290m of interbedded carnallitite and halite from 364m to 657m [1][2]. - The extension of BA-001-EXT exceeded expectations with over 250m of interbedded carnallitite and halite identified [2]. Group 2: Future Plans - Following the completion of BA-001-EXT, the drill rig will move 3.7km east to drillhole BA-004, aimed at evaluating the lateral extent of potash horizons in an untested area [6]. - The Phase 2 drill program is expected to be completed in Q2 2025, followed by a revised Mineral Resource Estimate [8]. Group 3: Resource Estimates - The current Indicated Mineral Resource Estimate (MRE) stands at 657 million tonnes grading 15.9% KCl, while the Inferred MRE is at 1.159 billion tonnes grading 16% KCl [7]. - The identification of additional potash horizons may extend the known mineralization strike length to 8,000m and significantly increase project resources [7].

TORONTO, May 06, 2025 (GLOBE NEWSWIRE) -- Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) (“Lithium Ionic” or the “Company”) is pleased to announce an updated mineral resource estimate (“MRE”) for its 100%-owned Bandeira Lithium Project (“Bandeira” or the “Project”) located in Minas Gerais, Brazil. Bandeira is the Company’s flagship property, located in Brazil’s “Lithium Valley”, a rapidly emerging hard rock lithium district renowned for its significant concentration of lithium-bearing pegmatites. P ...

Core Insights - Osisko Metals has announced new drilling results from the Gaspé Copper Project, confirming the potential for resource expansion both at depth and to the south of the current deposit [1][4][10] Drilling Results - Drill hole 30-1065 intersected 323.0 metres averaging 0.43% Cu and 3.18 g/t Ag, with a higher-grade section of 13.3 metres averaging 2.50% Cu and 17.8 g/t Ag [5] - Drill hole 30-1061 extended mineralization to a vertical depth of 712 metres, with significant intersections of 172.5 metres averaging 0.18% Cu and 1.52 g/t Ag, and 215.5 metres averaging 0.31% Cu and 2.67 g/t Ag [5] - Drill hole 30-1064 extended mineralization to a vertical depth of 618 metres, with intersections of 164.7 metres averaging 0.26% Cu and 1.94 g/t Ag [5] - Drill hole 30-1067, located 215 metres south of the 2024 MRE model, intersected 136.8 metres averaging 0.32% Cu and 3.18 g/t Ag, indicating that mineralization remains open to the south [5][6] Geological Insights - The new drilling results support a revised geological model, with mineralization occurring as disseminations and veinlets of chalcopyrite, primarily controlled stratigraphically [7][9] - The current drilling program aims to convert the November 2024 Mineral Resource Estimate (MRE) to Measured and Indicated categories and to explore deeper stratigraphy [11][10] Resource Estimates - The Gaspé Copper Project currently has Indicated Mineral Resources of 824 million tonnes averaging 0.34% CuEq and Inferred Mineral Resources of 670 million tonnes averaging 0.38% CuEq [16] - The project hosts the largest undeveloped copper resource in eastern North America, strategically located near existing infrastructure [16]

Core Viewpoint - Altamira Gold Corp. has announced a maiden mineral resource estimate for the Maria Bonita porphyry gold deposit, which significantly enhances the company's resource base and presents opportunities for further exploration and resource expansion [1][2]. Group 1: Resource Estimate Details - The maiden open-pit resource includes total Indicated Resources of 24.19 million tonnes (Mt) at 0.46 grams per tonne (g/t) gold, equating to 357,800 ounces (oz), and Total Inferred Resources of 25.64 Mt at 0.44 g/t gold, totaling 362,400 oz [5][13]. - Near-surface saprolite Indicated Resources are 2.02 Mt at 0.59 g/t gold (38,000 oz), while Inferred Resources are 0.68 Mt at 0.40 g/t gold (8,700 oz) [5][14]. - A higher grade near-surface resource at a 0.5 g/t gold cut-off comprises Indicated Resources of 7.56 Mt at 0.72 g/t gold (176,250 oz) and Inferred Resources of 5.18 Mt at 0.92 g/t gold (152,940 oz) [5][14]. Group 2: Project Location and Accessibility - The Cajueiro project is located approximately 75 km northwest of Alta Floresta in the state of Mato Grosso, Brazil, and is easily accessible by road, situated on open farmland with grid power and a local water supply [3]. Group 3: Future Exploration Plans - The company plans to mobilize a drill rig shortly to continue testing the extensions of the Maria Bonita mineralization and explore the other eight identified porphyry-related targets within the Cajueiro district [2][17]. - The Cajueiro project currently has a total of nine porphyry gold targets identified, indicating significant potential for further discoveries and resource expansion [5][17]. Group 4: Technical and Estimation Methodology - The maiden mineral resource estimate was completed by VMG Consultoria e Soluções Ltda, based on drilling conducted by Altamira between August 2022 and April 2024, involving 31 diamond drill holes totaling 4,710 meters [8][21]. - The resource estimations utilized a gold price of US$2,780 per ounce and were calculated using a block model interpolated by the Ordinary Kriging method [9][15].

TORONTO, April 30, 2025 (GLOBE NEWSWIRE) -- Emerita Resources Corp. (TSX – V: EMO; OTCQB: EMOTF; FSE: LLJA) (the “Company” or “Emerita”) reports that it has filed the independent NI 43-101 compliant technical report for its Iberian Belt West Project (“IBW” or the “Project”) in Andalusia, Spain, supporting the updated Mineral Resource Estimate (“MRE”) for the Project announced on March 17, 2025. The technical report, titled “NI 43-101 Technical Report on the Iberian Belt West Project, Spain” was prepared by ...