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CORRECTION: Formation Metals Intercepts Strong Mineralization Including Visible Gold at the Advanced N2 Gold Project
Accessnewswire· 2025-11-26 14:25
Core Insights - Visible gold has been observed in two of the first thirteen drill holes, including a significant 30.8 metre interval in the "A" and "RJ" zones [1] - The current drilling campaign at N2 is the first since 2008, when Agnico conducted drilling in the "RJ" Zone, which previously identified high-grade intercepts of up to 51 g/t Au over 0.8 metres [1] Company Activities - The company is undertaking its first drill campaign at N2 since 2008, indicating a renewed focus on exploration in this area [1] - Historical drilling by Agnico in the "RJ" Zone has set a precedent for high-grade gold findings, which may influence current exploration strategies [1]
Bullion Gold Acquires the Transterre, Transterre-Ouest, and Candore Gold Projects (Forming the Terragold Project)
Newsfile· 2025-11-26 12:15
Core Viewpoint - Bullion Gold Resources Corp. has signed an acquisition agreement to obtain 100% rights to the Transterre, Transterre-Ouest, and Candore gold properties, now known as the Terragold Project, located in Abitibi, Quebec, which is expected to enhance the company's gold project portfolio in a region known for its gold potential [1][3]. Project Overview - The Terragold Project encompasses 36 mining cells over an area of 2,060 hectares, situated in a volcanic geological environment with significant gold and silver mineralization [2]. - Historical drilling has revealed gold zones over approximately 2,500 meters in length and to a depth exceeding 450 meters, indicating the mineralized zone remains open for potential extension [2]. Historical Context and Economic Potential - Historical exploration occurred when gold prices were around US$35-40 per ounce, limiting economic viability; however, with current gold prices exceeding CA$5,600 per ounce, the project now holds significant economic potential [3][10]. - The project is expected to undergo a complete reassessment due to the modernized economic context and higher gold prices [10]. Geological and Structural Insights - Mineralization is associated with a system of felsic dikes and quartz veins, with significant gold grades found in altered and quartz-veined zones [4]. - The mineralization is linked to the Uniacke Deformation Corridor, which is interpreted as an extension of major gold deposit zones, providing an excellent environment for gold precipitation [5][6]. Work Program and Future Plans - A comprehensive compilation of historical drilling data and 3D geological modeling will guide future exploration campaigns, allowing for precise visualization and analysis of mineralization [9][14]. - An initial drilling program is planned for winter 2026, focusing on reassessing the Terragold Project's potential according to modern exploration standards [9]. Financial Commitments and Agreements - The acquisition agreement includes specific cash payments, share issuances, and work expenditures over a three-year period to acquire full interest in the Transterre property [11]. - A 2% NSR royalty is granted to the prospectors, with a provision for the corporation to repurchase 50% of this royalty for CA$750,000 [11][15]. Additional Projects - The corporation has also obtained permits for drilling and trenching on the Cadillac-Extension project, with plans to establish a drilling program following laboratory results from a recent basal till survey [17]. Company Background - Bullion Gold Resources is a junior exploration company focused on gold and polymetallic projects in Quebec, holding interests in several projects including Bousquet, Cadillac-Extension, Terragold, and Bodo [19].
Drilling Now at Filo Sur Project
Newsfile· 2025-11-26 12:00
Core Insights - Mogotes Metals Inc. has commenced drilling on priority targets at the Filo Sur project, located south of the BHP/Lundin Filo Del Sol Cu-Au-Ag resource [1][10] - The drilling focuses on high-priority targets for Porphyry Copper and High Sulfidation Epithermal gold-silver mineralization, starting with Stockwork Hills and Cruz del Sur in Argentina [1][3] Company Developments - The first diamond drill rig is operational at Stockwork Hills, which is considered an attractive target for higher-grade stockwork Cu-Au-Ag-Mo mineralization [3][5] - Drilling will continue to other priority targets as the season progresses, with access works and platform construction already underway [3][5] Geological Insights - The drill target at Stockwork Hills starts at approximately 350 meters below the surface, with a geophysical footprint of about 600m x 200m [7][8] - The area exhibits a compelling geophysical signature, including high chargeability in IP surveys and magnetic anomalies [7][8] - Trenching results from Stockwork Hills have shown promising Cu-Au mineralization, with assays indicating significant copper and gold concentrations [8][10] Exploration Strategy - The company is advancing access and permitting for priority targets identified in Chile, which were highlighted at the end of the previous exploration season [3][10] - The exploration program aims to assess the potential for resource expansion and to build shareholder value through successful drilling outcomes [10][20]
Aya Gold & Silver Reports Best Ever Mineral Intercept at Boumadine and Identifies New High-Grade Parallel Structure
Globenewswire· 2025-11-26 12:00
Core Insights - Aya Gold & Silver Inc. has reported its strongest mineralized intercept to date from the Boumadine project in Morocco, indicating significant resource growth potential and the emergence of a world-class scale project [1][3][9] Exploration Results - The Boumadine Main Trend extends 5.4 km, with new high-grade parallel structures identified, particularly in hole BOU-DD25-623, which intercepted 540 g/t AgEq over 47.3 m [3][4][19] - The best mineralized intercept recorded was in hole BOU-MP25-087, which returned 2,323 g/t AgEq over 15.0 m, including 3,858 g/t AgEq over 8.7 m [4][9][10] - A total of 133,003 m has been drilled in 2025, with ongoing exploration confirming high-grade continuity along the Main Trend [8][9] Future Plans - The company plans to continue its exploration program with an additional 360,000 m of infill drilling over the next 24 months, focusing on extending known mineralization and testing new geological targets [18][19] - The exploration strategy includes both infill drilling and greenfield exploration to enhance resource estimates and advance the project towards a preliminary economic assessment [19][20] Technical Information - The mineralization at Boumadine is characterized by massive sulphide lenses/veins, primarily composed of pyrite, with variable proportions of sphalerite, galena, and chalcopyrite [11][19] - The company has implemented a quality control program to ensure compliance with best practices in sampling and analysis of drill core and reverse circulation chips [20][21]
TDG Extends Aurora Mineralization 150 metres West of Property Boundary Intersecting 1.26 g/t Au, 0.29% Cu over 82.3 metres
Globenewswire· 2025-11-26 12:00
Core Insights - TDG Gold Corp. has reported additional Phase I drilling results from the Aurora West Zone within its Greater Shasta-Newberry project, indicating ongoing exploration success and mineralization expansion [1][2][4] Drilling Progress - The Phase I drilling program has completed approximately 12,000 meters across 19 drill holes, with plans to reach around 15,000 meters by year-end [1] - Drilling is on schedule with three rigs actively working, although analytical results are delayed due to high sample volume at the laboratory [1] Mineralization Highlights - Drill hole TDG25-009 intersected significant mineralization, expanding the Aurora West Zone with 1.26 g/t Au, 2.6 g/t Ag, and 0.29% Cu over 82.3 meters [2][3] - Drill hole TDG25-010 demonstrated further expansion with 0.94 g/t Au, 1.7 g/t Ag, and 0.24% Cu over 142.2 meters, including a higher-grade interval of 1.54 g/t Au over 56.0 meters [5][8] Exploration Efficiency - The drilling patterns employed by TDG, exceeding 100 meters between holes, have resulted in accelerated returns and capital efficiency, showcasing the scale of the Aurora West Zone [4] - The mineralization area has been delineated to approximately 150 by 600 meters, with potential for further expansion in all directions [4] Quality Assurance - The company follows strict quality assurance and control protocols, including the use of certified reference materials and duplicate samples to ensure data integrity [10][11]
GSP Samples 87 g/t Silver, 3.3% Copper, & 2.3 g/t Gold, Demonstrating Multiple New Base and Precious Metals Targets Across the Combined Alwin Mine and Mer Properties
Thenewswire· 2025-11-26 12:00
Core Insights - GSP Resource Corp. has received final assay results from its Fall 2025 geological reconnaissance program, which targeted the Mer Porphyry and Al conductor targets, as well as the newly discovered high-grade silver-copper Apex target within the Alwin Mine Zone [1] Summary by Sections Assay Results - Initial rush rock grab assay results from the Apex Zone showed high-grade copper-silver and gold, including 348 grams-per-tonne (g/t) silver, 11.9% copper, and 104 g/t silver, 1.2 g/t gold, and 4.2% copper [2] - Of the 60 surface rock grab samples collected, 8 samples returned greater than 1 g/t gold, with a maximum of 2.26 g/t; 11 samples returned greater than 10 g/t silver, with a maximum of 348 g/t; and 38 samples returned greater than 0.1% copper, with a maximum of 11.85% [2] Sample Highlights - Apex Zone sample highlights included four additional samples returning 1.07 to 2.26 g/t gold, 33 to 83 g/t silver, and 0.90 to 3.3% copper [4] - The Mer Showing yielded a broad area of 100 x 50 meters with 12 samples returning between 0.14 to 1.02% copper, averaging 0.4% copper [4] - Historic Mer Eastern Trenches returned a bornite mineralized trench float sample yielding 3.1% copper and 12 g/t silver [4] Exploration Potential - Assays from the Apex Zone indicate it as a high-priority target for follow-up exploration and diamond drilling due to its high-grade base and precious metal signature, similar to the adjacent Alwin Mine [4] - Initial sampling in the Little OK Lake and Area D zones yielded multiple high-grade copper values, highlighting a 1.5 km trend across the southern Alwin Property [4] - The emerging MER Zone represents an attractive early-stage porphyry target that warrants modern diamond drill testing, confirming the presence of moderate copper grades over a broad area [4] Company Overview - GSP Resource Corp. is focused on mineral exploration and development in Southwestern British Columbia, owning 100% interest in the Alwin Mine Copper-Gold-Silver Property and the Mer Property, as well as the Olivine Mountain Property [11]
Excellon Defines Multi-Stage Gold-Silver System Linking Pierina, Shafra and Mallay Deeps at Mallay Mine
Newsfile· 2025-11-26 11:13
Core Insights - Excellon Resources Inc. has defined a multi-stage gold-silver system at the Mallay Silver Mine, integrating the Pierina, Shafra, and Mallay Deeps zones, which enhances the understanding of the mineralizing system and supports future exploration efforts [1][3][30] Geological Findings - The Pierina vein is confirmed to extend below the 4090 level, presenting a prime target for near-term exploration [4] - Surface sampling in the Shafra zone revealed that 96% of samples contained anomalous gold, with values reaching up to 62.38 g/t Au, indicating a significant gold footprint [4][12] - Structural interpretations suggest that the Isguiz Vein and associated mineralization extend below historic drilling limits, indicating continuity at depth [4][8] Exploration Plans - The company plans to conduct underground drilling totaling 3,500 meters from the 4090 level to test the Pierina Vein at depth, alongside downhole geophysics to aid in targeting Shafra and Mallay Deeps [4][13][22] - Follow-up drilling and geophysical surveys are scheduled for Q1 2026 to evaluate depth prospectivity and refine targeting strategies [13][22] Mineralization Characteristics - Detailed studies indicate that gold in the Pierina vein is primarily found as gold telluride and electrum, suggesting a complex mineralization history [9][10] - The geological evidence points towards a multi-phase porphyry feeder zone beneath the Pierina-Shafra target areas, enhancing the potential for significant mineral resources [8][17] Company Overview - Excellon Resources Inc. aims to leverage its experienced management team to advance quality precious and base metal assets, focusing on the potential restart of the Mallay Silver Mine and other exploration-stage projects [30]
West Red Lake Gold Commences 3,000 Metre Drill Program at Fork Deposit
Globenewswire· 2025-11-26 08:30
Core Viewpoint - West Red Lake Gold Mines Ltd. has announced a fully funded infill drilling program at its Fork Deposit, which is positioned as a high-grade near-mine resource expansion target, aiming to integrate it into the production pipeline at the Madsen Mine [1][2]. Summary by Sections Company Overview - West Red Lake Gold Mines Ltd. is focused on advancing its flagship Madsen Gold Mine and holds a highly prospective land package in the Red Lake district of Ontario, which has historically produced over 30 million ounces of gold [23]. Drilling Program - The infill drilling program at the Fork Deposit will consist of approximately 3,000 meters of diamond drilling from the surface, targeting a shallow, high-grade zone of gold mineralization [6]. - The Fork deposit currently contains an Indicated mineral resource of 20,900 ounces grading 5.3 grams per tonne gold, with an additional Inferred resource of 49,500 ounces grading 5.2 grams per tonne [4]. Resource Potential - The Madsen Mine has a significant indicated resource of 1.65 million ounces of gold grading 7.4 grams per tonne, with additional inferred resources [21]. - The Fork Deposit is located approximately 250 meters from the Madsen Mine, providing a strategic opportunity for near-term production integration [2][21]. Historical Drilling Highlights - Historical drilling at Fork has shown significant intercepts, including hole RUM-08-49, which intersected 13.05 meters at 13.97 grams per tonne gold [7]. - The drilling results indicate a high-grade core within the Fork resource, which has been prioritized for immediate advancement [2][4]. Geological Context - The Fork deposit lies within two shear zones, with gold distribution controlled by structural intersections with ultramafic sills and iron formation units [14][15]. - The mineralized zones at Fork have been drill tested over a 600-meter strike length and to a vertical depth of 375 meters, with thicknesses typically ranging from 1 to 5 meters [17].
Taranis Samples up to 6.7 g/t Gold in Gossanous Seeps Underneath Ferguson Rockslide, 2 km Southeast of Southernmost NI 43-101 Mineralization at Thor
Accessnewswire· 2025-11-25 20:45
Core Viewpoint - Taranis Resources Inc. is providing an update on its exploration activities at the Thor project, indicating growth and progress in its operations [1] Group 1 - The company is actively engaged in exploration activities at the Thor site [1] - Taranis Resources Inc. is listed on both TSXV and OTCQB exchanges, highlighting its accessibility to investors [1]
Surface Metals Inc. Confirms Open Mineralization and Expansion Potential at Cimarron Gold Project, Nevada
Newsfile· 2025-11-25 13:30
Surface Metals Inc. Confirms Open Mineralization and Expansion Potential at Cimarron Gold Project, NevadaNovember 25, 2025 8:30 AM EST | Source: Surface Metals Inc.Carson City, Nevada--(Newsfile Corp. - November 25, 2025) - Surface Metals Inc. (CSE: SUR) (OTCQB: SURMF) ("Surface Metals" or the "Company") is pleased to announce the completion of a comprehensive historical drill database compilation and review for its Cimarron Gold Project in Nye County, Nevada. The study confirms substantial ex ...