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Masivo Announces Drill Program at Cerro Colorado
Newsfile· 2025-04-24 13:30
Vancouver, British Columbia--(Newsfile Corp. - April 24, 2025) - Masivo Silver Corp. (TSXV: MASS) (OTC Pink: GNYPF) ("Masivo" or the "Company") is pleased to announce the completion of its strategic drill target program design at the Cerro Colorado property, located in Sonora, Mexico. An eight-hole, 1,300-meter drill program was designed by Senior Mexican Geologist Jorge Rafael Gallardo, with guidance from P.Geo Brian Brewer and P.Geo Mark Bailey. CEO David Coburn commented: "We're thrilled to launch our hi ...
CRI Enters Into Binding LOI to Acquire Black Raven Past-Producer Antimony-Gold Property, NL
Globenewswire· 2025-04-15 11:00
Company Overview - Churchill Resources Inc. has entered into a binding letter of intent to acquire a 100% interest in the Black Raven Antimony Property located in Newfoundland and Labrador [1] - The property includes two past-producing mines that operated from 1890 to 1918, targeting stibnite, gold, and arsenopyrite [1] - Churchill is focused on strategic, critical minerals in Canada, particularly at its Taylor Brook, Florence Lake, and Black Raven properties [16] Industry Context - Antimony is a critical element for various industries, with over 90% of global production coming from China, Russia, Tajikistan, and Burma [2] - Following China's export ban in September 2024, the price of antimony has surged to over $50,000 per tonne, approximately three times the current price of nickel [2] - The Beaver Brook Antimony Mine, located near Black Raven, is currently on care and maintenance due to declining resources, indicating a potential opportunity for Churchill to fill the supply gap [3] Property Details - The Black Raven Property consists of nine map-staked licenses covering a total area of 3,125 hectares [10] - Historical production data indicates significant mineralization, with channel samples reporting up to 2.85% antimony and 28.27 g/t gold [6][11] - Churchill plans to conduct a re-sampling program and modern geophysical surveys to outline targets for further exploration [7] Transaction Terms - Under the terms of the letter of intent, Churchill has a 24-month exclusive option to acquire the property, which includes a 2.0% net smelter royalty for the Quinlans on any minerals produced [12] - The company is required to issue a total of 2,000,000 common shares and make cash payments totaling $100,000 over the option period [17] - The transaction is subject to necessary approvals from the TSX Venture Exchange [13]
Argo Acquires Gold and Silver Mineral Claims in Saskatchewan
Newsfile· 2025-04-11 13:10
Toronto, Ontario--(Newsfile Corp. - April 11, 2025) - Argo Gold Inc. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") is entering into a mineral claim option agreement (the "Option") to acquire a 100% interest in the 1155-hectare Dreaver Lake property (the "Claim") located in the Rottenstone Belt in Saskatchewan. To exercise the Option and acquire the Claim, Argo must: (i) make a cash payment of C$1,000 (which has been made), (ii) incur or expend at least ...
Canadian Gold Resources Identifies Major Structural Targets from Magnetic Survey at VG Boulder Property, Quebec
Globenewswire· 2025-04-03 13:00
Core Insights - Canadian Gold Resources Ltd. has announced the preliminary interpretation of data from an airborne magnetic survey at the VG Boulder Property, indicating significant exploration potential in Quebec's Gaspé Gold Belt [1][4]. Survey Highlights - The survey revealed structural intersections that are prime exploration targets, suggesting geological conditions favorable for gold and silver deposits [4]. - The identification of parallel structures to the Grand Pabos Fault indicates high potential zones for mineralization that require further exploration [4]. Structural Findings - Major fault structures were identified, including the Grand Pabos Fault and the Rivière Garin Fault, with significant intersections that could host concentrated mineralization [6]. - Historical high-grade mineral showings correlate with the newly interpreted structures, enhancing the understanding of mineralization continuity across the company's land holdings [6][7]. Future Exploration Plans - The company plans to integrate geophysical findings with ongoing field mapping, targeted sampling, and a review of historical exploration data to define high-potential drill targets at VG Boulder and adjacent properties [8]. Company Overview - Canadian Gold Resources Ltd. focuses on developing high-grade gold projects in the Gaspé Gold Belt, targeting under-explored properties with significant growth potential [10].
Great Pacific Gold Provides Kesar Project Update
Newsfile· 2025-04-01 20:30
Core Viewpoint - Great Pacific Gold Corp. is advancing its exploration activities at the Kesar Project in Papua New Guinea, with promising results from recent drilling and geophysical surveys indicating potential for high-grade mineralization [4][5][29]. Exploration Activities - The company has completed a drill program at the Anteruno target, totaling 2,112 meters across five holes, and has initiated a Mobile Magnetotelluric (MobileMT) geophysical survey across the project area [2][4]. - Initial drilling at Anteruno has confirmed gold-bearing intervals in every hole, with notable intercepts including 3.13 meters at 3.67 g/t gold and 0.23 meters at 6.61 g/t gold [5][20]. Geophysical Survey Insights - The MobileMT survey has outlined a well-defined network of deep-seated structures connected to known mineralization, particularly at Hampore and Fufunambi, suggesting a large-scale mineralized system [5][8]. - The survey results indicate significant magnetic and conductive anomalies, with the Hampore area showing strong connectivity to mineralization trends similar to those at K92 Mining [7][9]. Future Drilling Plans - The company plans to continue drilling at Kesar through April to expand on initial results, with a focus on high-priority targets at Hampore and Fufunambi [4][5]. - A 1,200-meter drill program is being designed for Fufunambi based on recent MobileMT data and geological mapping [5][22]. Geological Observations - The Anteruno area exhibits polymetallic gold mineralization associated with quartz-carbonate veins and base metals, indicating a complex geological framework [18][22]. - The Hampore Prospect has shown strong structural control with mineralization hosted within fault zones, and alteration patterns suggest a correlation with higher-grade mineralization [25][23]. Company Overview - Great Pacific Gold holds a portfolio of exploration projects in Papua New Guinea and Australia, focusing on developing gold-copper resources from its land packages [26].
Bayhorse Silver Receives Final Bayhorse Silver Mine IP Survey Results, Extends Bayhorse Potential Mineralized Zone To Over 600 M, Identifies First IP Drill Target
Newsfile· 2025-03-31 13:29
Bayhorse Silver Receives Final Bayhorse Silver Mine IP Survey Results, Extends Bayhorse Potential Mineralized Zone To Over 600 M, Identifies First IP Drill Target March 31, 2025 9:29 AM EDT | Source: Bayhorse Silver Inc. To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/5015/246716_3e460840e42b6900_001full.jpg Bayhorse CEO Graeme O'Neill comments that, "the close proximity of the three new IP targets on strike east of the historic Sunshine, Junction and Big Dog ...
GoldMining Inc. Launches 2025 Exploration Program, São Jorge Project, Brazil
Prnewswire· 2025-03-18 10:00
Core Viewpoint - GoldMining Inc. is initiating a significant exploration program at its 100% owned São Jorge Project in Brazil, marking the largest exploration effort in the company's 14-year history, driven by the belief in the project's untapped potential [1][3]. Exploration Program Details - The exploration program includes field activities such as soil sampling, mapping, and prospecting, with plans for a diamond core drilling program in the 2025 field season [2][4]. - The São Jorge mineral system is characterized by a 12 km x 7 km footprint of elevated surface geochemical anomalies, indicating substantial exploration potential [2][4]. Drilling Campaign - The planned drilling campaign will encompass up to 5,000 meters, targeting the expansion of the São Jorge deposit along strike and testing new zones of potential mineralization [6]. - High-grade auger drill intercepts from 2024 included results such as 1 meter at 17.14 g/t Au and 5 meters at 2.78 g/t Au, all from shallow depths [6][13]. Recent Discoveries - Recent soil sampling in 2025 revealed the highest gold-in-soil anomaly on the property at 5.96 g/t Au at the William North prospect area [6][7]. - The auger drilling at William South has returned numerous high-grade intercepts, indicating the potential for new gold mineralized zones [7]. Team and Infrastructure - The exploration team is led by experienced professionals, including President Paulo Pereira and VP Exploration Tim Smith, enhancing the project's credibility and potential for success [3]. - The project's location benefits from proximity to existing highway and power infrastructure, further supporting its growth opportunity [3].
Collective Mining Drills its Best Hole to Date at the Recently Discovered Ramp Zone by Intersecting 75.80 Metres at 8.01 g/t Gold Equivalent
Prnewswire· 2025-03-12 20:01
Core Insights - The company has made a significant discovery in the Ramp Zone, with an internal 3D model developed to explain its formation, suggesting potential for extensive mineralization beyond the current breccia body at Apollo [1][3] - A fully funded 60,000-metre drill program for 2025 is underway, with six drill rigs currently operational, targeting multiple projects including Apollo, Tower, and San Antonio [1][4] - The Ramp Zone has been expanded to dimensions of at least 75 metres of strike, 480 metres in width, and 150 metres vertically, remaining open in all directions [3] Drilling Program Objectives - The 2025 drilling objectives include improving the grade profile of the Apollo system, expanding the dimensions of the Ramp Zone, and testing the northern extension potential at shallower elevations [2][4] - The company aims to systematically drill test newly modeled high-grade sub-zones within the top 1,000 vertical metres to enhance the overall grade of the Apollo system [4][8] Assay Results - Drill hole APC105-D1 reported the best results to date in the Ramp Zone, with 75.80 metres at 8.01 g/t gold equivalent, including 21.00 metres at 24.16 g/t gold equivalent [4][5] - Drill hole APC103-D3 showed significant mineralization with 20.30 metres at 6.68 g/t gold equivalent from the Ramp Zone [4][5] Company Overview - Collective Mining Ltd. is focused on gold, silver, copper, and tungsten exploration in Caldas, Colombia, with options to acquire 100% interests in two projects within an established mining camp [7][8] - The flagship project, Guayabales, is anchored by the Apollo system, which is characterized by large-scale, bulk-tonnage, and high-grade mineralization [8][9] Shareholder Alignment - Management, insiders, and a strategic investor collectively own approximately 44.5% of the company's outstanding shares, indicating strong alignment with shareholder interests [9]