Mineral Exploration

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Magma Silver Commences Q3 Work Program and Announces Near-Term Catalysts
Newsfile· 2025-08-25 11:30
Core Viewpoint - Magma Silver Corp. has initiated a work program to evaluate and define targets for a planned drilling program at the Niñobamba silver-gold project in Peru, with drilling expected to commence in Q4 2025 [1][6][7]. Group 1: Work Program Details - The exploration team is currently on-site at the Niñobamba project, focusing on the Jorimina and Randypata areas to refine drill targets and enhance technical knowledge of mineralized zones [2][6]. - The pre-drilling work program is set to be completed by the end of Q3 2025, with rock sample results anticipated in the same timeframe [7]. - Drilling at the Jorimina zone is expected to start in Q4 2025, with results projected before the end of the year [7]. Group 2: Company Overview - Magma Silver Corp. is focused on acquiring, exploring, developing, and operating precious metal mining projects, particularly the Niñobamba silver-gold project, which spans an 8 km mineralized corridor in a high-sulphidation epithermal system [10]. - The company has invested over C$14.5 million to date in the Niñobamba project, which has shown significant resource potential through extensive exploration by major mining companies [10]. - Magma Silver is also reviewing potential acquisitions to broaden its portfolio of silver and gold assets [6][7].
XXIX Announces Fully Funded Drilling and Development Plans for Opemiska and Thierry
Newsfile· 2025-08-25 11:19
Core Viewpoint - XXIX Metal Corp. announces fully funded exploration programs for its Opemiska and Thierry Copper Projects, highlighting significant drilling plans and upcoming economic assessments [1][9]. Drilling Programs - A drill program of up to 15,000 metres is planned at the K1 deposit of the Thierry Copper Project, aimed at expanding the current resource based on a newly developed geological model [2][4]. - The K1 deposit currently has an inferred resource of 53.6 million tonnes with grades of 0.38% copper, 0.10% nickel, and other metals [2][3]. - A 5,000-metre drill program is set for the Cooke Gold Zone at the Opemiska Project, which has not been adequately tested since the mine's closure, with historical production of 1.97 million tonnes at 5.04 g/t gold and 0.66% copper [5][9]. Economic Assessment - A Preliminary Economic Assessment (PEA) for the Opemiska Project is anticipated to be completed in October 2025, marking the first economic evaluation since 1991 [6][8]. - The PEA will focus on maximizing project value by prioritizing high-grade tonnes early in the proposed mine plan [6]. Project Overview - The Opemiska Project spans 21,333 hectares and is noted as one of Canada's highest-grade open-pitable copper deposits, with a reported resource of 62.7 million tonnes at 1.04% CuEq (Indicated) and 78.4 million tonnes at 0.41% CuEq (Inferred) as of June 2025 [9]. - The Thierry Project features significant infrastructure and is accessible via an all-season road, with past production from two open pits [9].
Yukon Metals Commences Inaugural Drill Program at Its Star River Project
Globenewswire· 2025-08-25 11:00
Core Insights - Yukon Metals Corp. has initiated its inaugural drill program at the 100%-owned Star River Project, which spans 720 hectares and is road-accessible near Ross River, Yukon [1][3] - The initial drill holes have successfully intersected zones of structurally controlled veining in quartzite and dolostone, particularly near the F2 showing area, indicating a promising geological model [3][4] Exploration Activities - The drilling program is focused on a high-priority target in the southern portion of the property, where a significant gravity anomaly extends approximately 800 meters north-south, coinciding with a Time-Domain Electromagnetic (TDEM) high [3][6] - A high-resolution UAV drone magnetic survey will complement the drilling, alongside geological mapping and rock geochemical sampling to refine structural interpretations [5][6] - Previous rock-chip sampling returned multiple samples over 1,000 g/t silver and gold up to 101 g/t, supporting the geological model [3][5] Mineralization and Geological Features - Initial drill holes have intersected vein swarms containing minerals such as pyrite, arsenopyrite, galena, quartz, and ankerite, consistent with a structurally focused mineralizing system [4][7] - Core photos from the drilling highlight several mineralized intervals, reinforcing the geological model and the targeting approach [3][4] Project Background - The Star River Project is accessible via an all-season road and is known for polymetallic carbonate replacement mineralization and quartz-sulphide veins discovered since the 1950s [13] - Yukon Metals has an exploration agreement with the Ross River Dene Council for the Star River Project, emphasizing community engagement [13][20] Company Overview - Yukon Metals Corp. is a well-financed exploration company with a portfolio built on over 30 years of prospecting, focusing on copper-gold and silver-lead-zinc assets [19] - The company is committed to sustainable growth and enhancing shareholder value while fostering prosperity within local communities [20]
Apollo Expands Project Team; Receives Drill Permit for Calico Silver Project
Globenewswire· 2025-08-25 11:00
Core Viewpoint - Apollo Silver Corp. is advancing its Calico Silver Project with key appointments and amendments to agreements, enhancing its exploration and resource development efforts. Group 1: Management and Team Enhancements - Appointment of Tony Gonzales as Senior Project Manager, bringing over 35 years of mineral exploration experience, including significant roles at BHP and Fission Uranium [2][3][4] - The addition of George Kenline as an independent technical advisor, who has extensive experience in environmental review processes and permitting in San Bernardino County [8][9] Group 2: Project Developments - The Langtry Option has been amended to extend the option period from December 24, 2025, to December 24, 2034, and increases the purchase price to the greater of US$7.0 million or the spot price of 250,000 troy ounces of silver [5][6][7] - The Langtry deposit has a 2022 inferred Mineral Resource Estimate of 19.3 million tonnes at a grade of 81 g/t Ag, totaling 50 million ounces of silver [5] - Approval received for a third extension of the Temporary Use Permit for the Waterloo Property, allowing exploration drilling for the next twelve months [8] Group 3: Strategic Focus - The Calico Project is highlighted as one of the largest undeveloped primary silver projects in the US, with significant barite credits essential for the energy and medical sectors [11] - The company is well-positioned to advance its assets and deliver value through exploration and development, supported by an experienced management team [11]
Neotech Metals Successfully Completes Inaugural Drill Program at its TREO Project, Increases Marketing Efforts and Extends Warrants
Newsfile· 2025-08-25 08:00
Core Insights - Neotech Metals Corp. has successfully completed its inaugural drill program at the TREO project, located in central British Columbia [1] - The drill program covered a total of 991 meters across four holes, with targets defined by geological discoveries and data compilation [2] - All drill holes intersected rare earth mineralization within mixed carbonatites and dolomites, with ongoing core logging and sampling [3] - The company has increased its investor relations budget for European marketing initiatives from $28,000 to $38,500 per month [3] - An extension has been approved for the expiry date of 6,510,263 warrants, now set to expire on October 6, 2026, at an exercise price of $0.60 per share [4] Company Overview - Neotech Metals is focused on discovering and developing mineral resources in promising jurisdictions, emphasizing environmental stewardship and sustainable practices [5] - The company holds a diversified portfolio of rare earth element and rare metals projects, including the Hecla-Kilmer project and the TREO and Foothills projects, all 100% owned [6]
Mustang Energy Corp. Completes Sampling Program at Surprise Creek Project, Saskatchewan and Provides Update on the Acquisition of the Ford Lake Project
Globenewswire· 2025-08-22 22:57
Core Insights - Mustang Energy Corp. has completed the first phase of field exploration activities on the Surprise Creek Uranium-Copper Project, acquiring an 80% interest through an option agreement with Thunderbird Resources Ltd. [1][2] Exploration Activities - The field program included surface prospecting and detailed rock sampling to refine target areas and outline mineralization [2] - Surface samples were collected from nine locations where previous uranium and copper mineralization was observed, with structural data collected from the Surprise Creek Fault area [2] Project Location and Historical Context - The Surprise Creek Project is located 25 km northwest of the Beaverlodge Uranium District, known for historical uranium mines [3] - A high-resolution airborne survey completed in September 2024 identified multiple new uranium targets in the area [4] Mineralization Findings - A strong uranium radiometric anomaly was identified at the Surprise Creek Fault drill target, with historical drilling returning results of up to 2.1m of 4.37% U3O8 from 57m [5] - Surface sampling returned assays up to 7.98% U3O8, with mineralization extending over a strike length of up to 500 m [5] Copper Prospects - The Project also contains historical copper prospects, with drilling results including 9.1m at 2.07% Cu and 27.3g/t Ag from surface at Bob Lake [7] - Rock chip sampling returned assays of up to 61.7% Cu, 27.6% Cu, and 9% Cu from historical copper occurrences [7] Regulatory Approvals - A work permit application for exploration, including drilling at the Surprise Creek Fault prospect, has been approved by the Saskatchewan Government [8] Company Overview - Mustang Energy is focused on discovering and developing high-potential uranium and critical mineral assets, holding a portfolio of 147,153 hectares in Saskatchewan's Athabasca Basin [17]
InZinc Intersects 19.1 m grading 3.3% Zn, 0.7% Pb and 7.4 g/t Ag from 30 m downhole, including 8.5% Zn, 2.1% Pb and 21.3 g/t Ag over 2.0 m - Further Expanding Shallow Mineralization at Indy Sedex Project, Central BC
Newsfile· 2025-08-21 12:50
Core Insights - InZinc Mining Ltd. has reported significant drill results from its Indy Sedex project, indicating further expansion of shallow mineralization in the B-9 Zone, with the widest intersection to date averaging 3.3% Zn, 0.7% Pb, and 7.4 g/t Ag over 19.1 m [1][4][9] Group 1: Exploration Results - The recent drilling included four new holes, bringing the total to 11 drilled, with results from three additional holes pending [1] - Drill hole IB25-032 reported a high-grade interval averaging 8.5% Zn, 2.1% Pb, and 21.3 g/t Ag over 2.0 m, located 30 m up-dip from a previous discovery [4][9] - The B-9 mineralized trend has been extended to over 700 m in length and remains open for further exploration at depth and along trend [4][13] Group 2: Geological Context - The Indy project covers 200 square km and includes a 30 km length of under-explored strata in central British Columbia, with mineralization typical of worldwide Sedex deposits [14] - The project is strategically located with access to essential infrastructure such as roads, rail, power, and smelters [14] Group 3: Historical Comparisons - The current results are compared to the 2018 discovery hole (IB18-009), which averaged 8.0% Zn, 2.0% Pb, and 16.2 g/t Ag over 9.9 m, indicating a consistent presence of high-grade mineralization in the area [4][9] - Previous drill results from 2022 and 2018 show a history of significant mineralization, reinforcing the potential of the B-9 Zone [18]
Silver Bullet Mines Updates on Washington Mine in Idaho and Updates Financing
Newsfile· 2025-08-21 12:05
Core Viewpoint - Silver Bullet Mines Corp. (SBMI) is optimistic about the potential of the Washington Mine in Idaho, believing it could become a significant mining operation again based on recent exploration results and historical data [1]. Group 1: Exploration and Findings - The geological team has identified historical workings at the Washington Mine, particularly the original high-grade gold discovery area, with samples showing a red hue associated with gold [2]. - Down dip portions of the gold shoot are documented and may serve as high-priority drill targets to outline the extension of the original high-grade gold discovery from the early 1890s, which was purported to be 1 oz/ton [3]. - Historical reports indicate that the Subrosa Adit at the Washington Mine had silver grades of 32 oz/ton and gold grades of 0.13 oz/ton over 65 feet, with current efforts focused on safely opening this adit for sampling [4]. Group 2: Current Operations and Future Plans - The company has engaged a contract miner to expose the Berger Vein at surface, with ongoing detailed mapping and soil sampling indicating the presence of fine gold [5]. - A plan for underground mining is being developed, targeting a significant bulk sample for processing in the coming weeks, which may lead to a resource report compliant with NI 43-101 standards [6]. Group 3: Financing and Use of Proceeds - SBMI has closed a strategic financing round, issuing 6,782,143 units at $0.21 per unit, raising gross proceeds of $1,424,250, with cash commissions of $43,379 and additional finders warrants [7]. - Proceeds from the financing will be allocated to further site work at the Super Champ, expand the King Tut Gold Mine footprint, advance the Washington Mine, and for general working capital [8].
Morocco Strategic Minerals Reports Initial Sampling Results from the Tifernine Property
Globenewswire· 2025-08-21 11:50
Core Viewpoint - Morocco Strategic Minerals Corporation announced positive results from its July 2025 sampling program on the Tifernine Property, indicating high-grade copper mineralization and significant potential for gold and zinc [1][11]. Sampling Program Overview - The Tifernine property spans approximately 16 km² and features several significant sub-vertical mineralized structures [2]. - A total of 14 channel samples (76 individual samples) were collected along the mineralized structure ST1, with additional grab samples from ST2 and ST3 [3][6]. Sampling Results - The sampling program highlighted the presence of high-grade copper mineralization, with 5 channel samples grading above 1.00% Cu and a peak value of 2.30% Cu [12]. - Notable results include: - Sample Tif-01: 0.025 g/t Au, 2.81 ppm Ag, 446 ppm Cu, 306 ppm CuOX, 314 ppm Pb, 683 ppm Zn over 2 meters [9]. - Sample Tif-11: 0.121 g/t Au, 6.42 ppm Ag, 2753 ppm Cu, 1543 ppm CuOX, 2511 ppm Pb, 3450 ppm Zn over 2 meters [9]. - Maximum zinc value of 17.75% Zn from sample Tif-07 [12]. Geological Context - The Tifernine property is characterized by Ediacaran rhyolitic and andesitic complexes intersected by ENE-WSW-oriented faults, hosting several sub-vertical structures [15][16]. - Structure ST1 is the most extensive, exposed over 600 meters of strike and reaching widths of up to 11 meters [7]. Future Plans - The company is designing a follow-up exploration program that will include detailed geological mapping and trenching to evaluate the continuity of mineralization and generate additional targets across the Tifernine property [11].
Trident Resources Commences 5,000 Metre Inaugural Drilling Program at Contact Lake Gold Project, La Ronge Gold Belt, Saskatchewan
Globenewswire· 2025-08-21 07:05
Core Viewpoint - Trident Resources Corp. has initiated its first diamond drilling program at the Contact Lake Gold Project, marking a significant milestone in exploring the potential of this underexplored gold project in the La Ronge Gold Belt of Saskatchewan [1][3][7]. Drilling Program Overview - The inaugural drill program will consist of 5,000 metres, focusing on high-priority zones and confirming historical mineralization data [4][8]. - This is the first drilling campaign at Contact Lake in nearly 30 years, aimed at validating historical results and expanding known gold zones [3][7]. Expansion Potential - The Contact Lake Gold Project has a history of gold exploration but remains largely underexplored using modern methods. The La Ronge Gold Belt is known for several past-producing mines, indicating strong potential for Contact Lake to evolve into a significant asset with district-scale growth opportunities [6][10]. Historical Drill Intercepts - Historical high-grade intercepts from the Contact Lake Mine include: - Hole TU89-125: 20.5m at 12.81 g/t Au - Hole TU89-127: 18.3m at 10.41 g/t Au - Hole TU90-146: 0.6m at 2,616.00 g/t Au - Hole TU92-316: 0.5m at 94.06 g/t Au - These results highlight the potential for significant gold mineralization at the site [8]. Next Steps - Drilling is expected to continue through fall 2025, with the first assay results anticipated later this year. The company will provide updates as results become available [8].