Mineral Resource Estimate
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Exploits Completes Sale of Newfoundland Claims to New Found Gold
Newsfile· 2025-12-05 14:21
Core Viewpoint - Exploits Discovery Corp. has completed the sale of its mineral claims in Newfoundland to New Found Gold Corp., allowing the company to focus on its gold projects in Québec and Ontario, which host approximately 680,000 ounces of historical gold resources [1][2]. Transaction Details - The sale involved a 100% interest in substantially all mineral claims in central Newfoundland, with the transaction initially announced on September 8, 2025 [1]. - As part of the consideration, Exploits received 2,821,556 common shares of New Found Gold, valued at approximately $11.8 million based on a closing price of $4.18 per share on December 4, 2025 [6]. - Additionally, contingent consideration includes 725,543 shares of New Found Gold, potentially worth around $3.0 million, subject to a positive court determination regarding certain disputed mineral claims [3]. Strategic Focus - The company is now positioned as a gold growth entity, emphasizing its portfolio in Québec and Ontario, which includes four cornerstone projects: Fenton, Wilson, Benoist, and Hawkins [9][10]. - The historical gold resources in these projects are estimated at approximately 680,000 ounces, with significant potential for expansion and multiple drill-ready targets [9][10]. Financial Position - Following the transaction, Exploits has a treasury of approximately $13 million in cash and New Found Gold shares, enhancing its ability to advance its gold projects [7]. Royalty Agreement - Exploits has been granted a 1.0% net smelter returns royalty on certain mineral claims as part of the Royalty Agreement with New Found Gold [6][4].
Mithril to Acquire the La Dura Gold-Silver Property Adjacent to its Flagship Copalquin Property, Durango State, Mexico
Thenewswire· 2025-12-05 12:30
Core Viewpoint - Mithril Silver and Gold Limited has executed a Purchase Option to acquire the La Dura gold-silver property in Durango State, Mexico, which is strategically located near its flagship Copalquin property, indicating potential for resource expansion and development [1][2]. Company Overview - Mithril has a strong foundation of knowledge at La Dura, having conducted exploration work on the property in 2017-2018, positioning the company well to unlock value [3]. - The La Dura property consists of 5 contiguous mining concessions covering a total area of 2,052 hectares, located less than 5 km from El Durazno and 20 km from the Copalquin District property [3][5]. Property Details - The La Dura property hosts several historic mines, including a notable 4-level gold-silver mine with a processing facility capable of handling 60 tonnes per day [3]. - The property has a significant historic database of mining records and data from various sampling campaigns conducted from the 1990s to 2018, with the mine last operating in 2013 [3]. Transaction Terms - Mithril has an exclusive option to purchase 100% interest in the La Dura concessions over a period of 4 years for a total payment of US$4 million [3][10]. - The initial payment upon execution of the Purchase Option Agreement is US$25,000 and the issuance of 50,000 ordinary shares, with a structured payment schedule for the remaining amounts [8][9][14]. Exploration Plans - The company is committed to completing LiDAR and aerial magnetic surveys over the property within the first year and a minimum exploration expenditure of US$200,000 in the second year [3][11]. - Upcoming surveys are expected to provide an initial assessment of the prospectivity across the 20 km² concession area, leading to detailed mapping, sampling, and future drill testing [2][3]. Mining District Context - The Copalquin mining district, where La Dura is located, covers an area of 70 km² and contains several historic gold and silver mines, indicating a rich mineralization potential [11]. - The district is part of the Sierra Madre Gold Silver Trend, known for its significant gold and silver deposits, enhancing the strategic value of the La Dura acquisition [12].
Aftermath Silver Berenguela Silver-Copper-Manganese Project: Contained Silver in Measured and Indicated Resources Increases by 21% to 122.5 Moz, with 22.0 Moz of Silver in Inferred Resources
Newsfile· 2025-12-04 17:53
Core Insights - Aftermath Silver Ltd. announced a new Mineral Resource Estimate (MRE) for the Berenguela silver-copper-manganese project, showing a 21% increase in contained silver in Measured and Indicated resources to 122.5 million ounces (Moz) [2][7] - The MRE was completed by BBA International and is based on extensive drilling data, enhancing the understanding of the deposit [2][3] Resource Estimates - The combined Measured and Indicated (M&I) resources increased by 11.37 million tonnes or 28.3% to 51.55 million tonnes [4] - The conversion of Inferred resources to M&I resulted in a decrease of 7.96 million tonnes in the Inferred resources inventory [5] - The MRE is based on data from 439 drill holes, including 82 diamond drill holes drilled by Aftermath in 2024/25 [5] Metal Content - The contained metal in M&I resources increased as follows: - Silver: increased by 21.3 Moz (21%) to 122.5 Moz with 22.0 Moz in Inferred resources [7] - Manganese: increased to 2.93 million tonnes (Mt) M&I with 0.47 Mt Inferred resources [7] - Copper: increased to 717.1 million pounds (Mlb) M&I with 118.4 Mlb Inferred resources [7] - Zinc: increased to 372.4 Mlb M&I with 80 Mlb Inferred resources [7] Geological Insights - Mineralization at Berenguela is primarily hosted in mid-Cretaceous age limestones and is interpreted as a carbonate replacement deposit [25] - The mineralization extends approximately 1,500 meters in length and 200 to 400 meters in width, with drilling identifying mineralization up to 80 meters below the surface [26] Future Plans - The company plans to expedite development and engineering work at Berenguela and conduct additional drilling towards the eastern margins of the mineralization [6][8]
Americore Resources Corp. Significantly Expands Land Position at the Trinity Silver Project, Historic Resource Base Tripled to 36 Million oz Silver Equivalent
Newsfile· 2025-12-04 15:45
Americore Resources Corp. Significantly Expands Land Position at the Trinity Silver Project, Historic Resource Base Tripled to 36 Million oz Silver EquivalentDecember 04, 2025 10:45 AM EST | Source: Americore Resources Corp.Vancouver, British Columbia--(Newsfile Corp. - December 4, 2025) - Americore Resources Corp. (TSXV: AMCO) (FSE: 5GP) (OTCQB: AMCOF) ("Americore" or the "Company") announces a strategic expansion of its land position at the Trinity Silver Project in Pershing County, Nevada t ...
DPM Metals (OTCPK:DPML.F) 2025 Earnings Call Presentation
2025-12-04 14:00
Financial Position & Liquidity - DPM Metals ended Q3 2025 with $414 million in cash after spending $399 million for the Adriatic transaction, $136 million to retire Adriatic's debt, and $137 million of capital returned to investors [12] - The company's total liquidity as of September 30, 2025, was $564 million [11] Chelopech Mine Exploration - A new high-grade mineralization zone (Wedge Zone Deep Discovery) was discovered on the north flank of the Chelopech mine concession, with results including 68.3 meters @ 7.42 g/t AuEq and 48.1 meters @ 9.41 g/t AuEq [18] - An ongoing 10,000-meter exploration program aims to infill and delineate the WZD target [20] - Chelopech has a strong Mineral Resource base of 1.1 million ounces of gold, 4.4 million ounces of silver, and 242 million pounds of copper [23] Čoka Rakita Feasibility Study - Mineral Reserves increased to 7.34 million tonnes at 6.44 g/t gold [33, 36] - The Mineral Resource Estimate includes 0.53 million tonnes Indicated at 3.94 g/t gold and 0.09 million tonnes Inferred at 3.60 g/t gold [32] - The project is expected to have a Life of Mine (LOM) average gold grade of 6.44 g/t and a top decile all-in sustaining cost of $644/oz gold sold [47] - The initial capital expenditure is estimated at $448 million [55] - Average annual gold production is projected at 189,000 ounces for the first five years [65] Rakita Camp Potential - An Inferred Mineral Resource Estimate establishes a district-scale platform with 2.6 million ounces of gold and 1.9 billion pounds of copper [86] - Dumitru Potok contains a significant higher-grade core of the mineral resource with 2.4 million ounces of gold and 1.7 billion pounds of copper [86] Vareš Mine Ramp-Up - Vareš is expected to have an average grade processed of 9.2 g/t AuEq and total payable production of 1.8 million ounces AuEq over its 15-year initial operating life [92] - The post-tax NPV5% is estimated at $1,585 million [92]
Doubleview Extends High-Grade Domains at Hat: H099 Returns 438m of 0.40% CuEq Including 52m of 1.02% CuEq, Expanding Mineralization Envelope Around Conceptual Pit Vertically and Laterally
Newsfile· 2025-12-04 13:54
Core Insights - Doubleview Gold Corp. announced significant assay results from drill holes H097, H098, and H099 at the Hat Polymetallic Deposit, indicating an expansion of the mineralized footprint by approximately 100 meters laterally and 200 meters vertically [1][4][15] - Drill hole H099 returned 438 meters of 0.40% CuEq, including 52 meters of 1.02% CuEq, marking one of the strongest continuous mineralized intervals at the Hat deposit to date [4][11][13] - The results support the company's objective to update the Mineral Resource Estimate (MRE-2) and conduct a Preliminary Economic Assessment (PEA), enhancing confidence in the exploration model [4][12][16] Drill Results Summary - H097: 445.3 meters at 0.20% CuEq, with significant intervals including 145.2 meters at 0.25% CuEq [3][5] - H098: 393.0 meters at 0.27% CuEq, with notable sections including 148.0 meters at 0.41% CuEq [5][9] - H099: 643.0 meters at 0.34% CuEq, with key intervals such as 438.0 meters at 0.40% CuEq and 52.0 meters at 1.02% CuEq [4][5][9] Geological Interpretation - The new drill holes were designed to intersect previously undrilled areas, successfully extending the dimensions of the deposit by 200-300 meters at depth and up to 100 meters laterally [10][11][12] - The continuity of copper-gold-cobalt-scandium domains was confirmed across broad intervals, indicating strong mineralization potential [4][12][16] Expansion Potential - The results from H099, along with H097 and H098, suggest major extensions of the conceptual pit by approximately 200 meters vertically and 100 meters laterally [11][12][16] - The high-grade zones identified in the drilling indicate significant depth potential, with H099 highlighting over 50 meters exceeding 1.0% CuEq [13][16] Critical Metals Focus - Scandium grades remain consistent with prior campaigns, framing the Hat Deposit as a significant North American source of critical metals [14][16] - The potential for scandium at the Hat Deposit is estimated to be between 300 to 500 million tonnes at an average grade of 40 ppm (0.004%) Sc2O3 [31]
REPEAT -- QGold Strengthens Board of Directors with Appointment of Jamsheed Mehta, former Vice-Chair at BMO Capital Markets
Globenewswire· 2025-12-04 12:00
Core Viewpoint - Q-Gold Resources Ltd. has appointed Jamsheed Mehta to its Board of Directors, bringing extensive capital markets experience to the company, which is focused on advancing its exploration and development initiatives, particularly the Quartz Mountain Gold Project [1][2][3]. Management Changes - Jamsheed Mehta has over 35 years of capital markets experience, including a 31-year tenure at BMO Capital Markets, where he held senior leadership roles and was Vice-Chair until 2023 [2][4]. - Scott Moore has been appointed as VP Corporate Development, bringing over 25 years of experience in the resource sector, including previous roles as CEO of Euro Sun Mining Inc. and President of Dacha Strategic Metals [5]. Quartz Mountain Gold Project - The Quartz Mountain Gold Project, located in southern Oregon, is QGold's flagship asset and represents a significant gold development opportunity in a historically productive mining district [6][7]. - The project was acquired from Alamos Gold in Q4 2025 and has a mineral resource estimate of approximately 1,543,000 ounces of gold at a grade of 0.96 g/t and 2,049,000 ounces of silver at a grade of 1.27 g/t within 50,002,000 tonnes in the indicated category [7][8]. - An additional 148,000 ounces of gold at a grade of 0.77 g/t and 135,000 ounces of silver at a grade of 0.70 g/t are included in the inferred category [8]. Strategic Initiatives - QGold has engaged Kappes, Cassiday & Associates to initiate a preliminary economic assessment on the Quartz Mountain Gold Project, indicating a proactive approach to project development [7]. - The company aims to progress its portfolio of gold and silver assets toward production, focusing on resource expansion and responsible environmental stewardship [12].
Successful 2025 Nalunaq gold mine drilling programme - 1,840 g/t of gold over 0.5m in Mountain Block derisks near-term production and expansion of the Main Vein at depth
Globenewswire· 2025-12-04 07:00
Core Insights - Amaroq Ltd. has successfully completed its 2025 drilling program at the Nalunaq gold mine, reporting high-grade gold intersections, including 1,840 g/t over 0.5 meters, which derisks near-term production and supports expansion of the Main Vein at depth [2][6][16] - The exploration results confirm the extension of the Main Vein down-dip, indicating significant potential for further resource growth beyond previously identified areas [3][4][16] Exploration Results - A total of 2,127 meters of underground resource conversion drilling was completed, with 62% intersecting the mineralized Main Vein, yielding a weighted average grade of 87.6 g/t Au, which is higher than the resource model predictions [6][10] - Surface drilling has confirmed the Main Vein structure extends approximately 700 meters down-dip from previously mined areas, indicating additional upside potential [6][15][17] Resource Estimates - The current Mineral Resource includes 158 koz (151.5 Kt at 32.4 g/t Au) Indicated and 326 koz (348 Kt at 29.2 g/t Au) Inferred, with an Exploration Target of approximately 600,000 to 2.3 million tonnes at grades between 10–30 g/t Au in underexplored areas [8][41] - An updated geological model will be developed incorporating all 2025 drilling results ahead of the planned Mineral Resource Estimate update (MRE5) in Q1 2026 [13][19] Ongoing Activities - The company is continuing its exploration activities through the winter season, focusing on both resource conversion and further surface testing to expand the known mineralized envelope [19][20] - A westward exploration drive is being advanced to assess the potential to broaden the Mountain Block mineral corridor, integrating in-mine resource definition with systematic exploration [20][21]
Argentina Lithium & Energy Corp. Files Technical Report for the Rincon West Lithium Project
Prnewswire· 2025-12-04 00:00
TSX Venture Exchange (TSX-V): LITFrankfurt Stock Exchange (FSE):**OAY3**OTCQX Venture Market:**LILIF**VANCOUVER, BC,Dec. 3, 2025/PRNewswire/ -**Argentina Lithium & Energy Corp.**(TSXV: LIT) (FSE: OAY3) (OTCQX:[LILIF](#financial-modal))**, ("Argentina Lithium" or the "Company")**is pleased to announce the filing of the NI 43-101 Technical Report (the "**Report**") supporting disclosure of the first mineral resource estimate ("**MRE**") for the Rincon West lithium brine project in Salta Province, Argentina (" ...
Scorpio Gold Announces Receipt of First Deferred Payment from Mineral Ridge Sale
Newsfile· 2025-12-03 11:00
Core Viewpoint - Scorpio Gold Corp. has received the first deferred payment from the sale of its subsidiary, Mineral Ridge Gold, LLC, which strengthens its financial position as it advances its exploration activities in the Manhattan District [1][3][4]. Financial Summary - The total consideration for the sale of Mineral Ridge Gold was US$7,500,000, with US$1,500,000 held in escrow as an indemnification holdback [2]. - The first scheduled release of US$750,000 has been completed, with the remaining US$750,000 expected to be released on the nine-month anniversary of closing [3]. Corporate Developments - Diana Mark has retired as Corporate Secretary, and Stephanie Sharma has been appointed to the position, bringing extensive experience in corporate governance and public company administration [5][6]. Exploration and Resource Potential - The Manhattan District, where Scorpio Gold holds a 100% interest, has significant historical production and resource potential, with a maiden mineral resource estimate indicating 740,000 ounces of contained gold in the inferred category [7][9]. - The district has produced approximately 700,000 ounces of gold historically, and the company aims to advance its exploration program with a 50,000-metre drill initiative [4][14].