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Q-Gold Resources completes Phase III diamond drilling at the historic Foley Shaft area and intersects visible gold
Globenewswire· 2025-07-14 11:30
Highlights: Six diamond drillholes have been completed targeting the auriferous veins historically mined from the Foley Mine shaft.Drilling commenced on Wednesday, June 18, 2025, and was concluded on July 3, 2025.Hole Q25-24 intersected 3 specs of visible gold in a 2.4m wide zone of intense quartz veining; assays are pending.Hole Q25-23 intersected a 1.5m polymetallic quartz vein with pyrite, chalcopyrite, sphalerite and galena. TORONTO, July 14, 2025 (GLOBE NEWSWIRE) -- Q-Gold Resources Ltd. (TSXV: QGR) (“ ...
Fury Commences 2025 Drill Program at Committee Bay
Globenewswire· 2025-07-14 11:00
Core Viewpoint - Fury Gold Mines Limited has commenced its 2025 exploration drilling program at the Committee Bay project in Nunavut, Canada, focusing on expanding known gold resources and testing new targets [1][2]. Group 1: Exploration Program Details - The 2025 drilling program will consist of 7 to 10 diamond drill holes totaling approximately 5,000 meters, targeting the Three Bluffs Shear Zone, regional shear zones along the Raven shear zone, and Burro West [1]. - Initial results from the drilling program are anticipated in September 2025 [2]. Group 2: Three Bluffs Shear Zone - The Three Bluffs Gold deposit contains an estimated 524,000 ounces of gold in 2.1 million tonnes at a grade of 7.85 g/t in the indicated resource category and 720,000 ounces in 2.9 million tonnes at 7.64 g/t in the inferred resource category [2]. - Previous drilling in 2021 at Three Bluffs intercepted high-grade mineralization, including 13.93 g/t gold over 10 meters, 18.67 g/t gold over 3 meters, and 23.2 g/t gold over 1 meter [2]. Group 3: Raven Prospect - The Raven prospect, located approximately 50 km west of the Three Bluffs deposit, will be targeted with 2 to 3 drill holes for about 1,000 meters, focusing on a previously undrilled gold-bearing outcrop with an average grade of 16.12 g/t gold from seven samples [4]. Group 4: Burro West - The Burro West target has identified a significant gold in till anomaly of approximately 300 x 300 meters, associated with a sheared contact between mafic volcanics and ultramafic lithologies [7]. - The 2025 drilling at Burro West will consist of 1 to 2 drill holes totaling approximately 500 meters [7]. Group 5: Company Overview - Fury Gold Mines Limited is a Canadian-focused exploration company with a well-financed position and a management team experienced in advancing exploration assets [11]. - The company holds an 11.8 million common share position in Dolly Varden Silver Corp, representing approximately 13.5% of issued shares [11].
Inspiration Announces Promising Results from AMRT Remote Sensing Survey at Rottenstone North Gold / Copper Project in Saskatchewan
Newsfile· 2025-07-11 07:01
Core Insights - Inspiration Energy Corp. has reported promising results from its Atomic Mineral Resonance Tomography (AMRT) remote sensing survey at the Rottenstone North Gold Project, revealing multiple high-priority drill targets [1][2][4] - The identified targets are located near the boundary of the property held by Ramp Metals Inc., which is adjacent to Ramp's 'Rush' copper/gold sulphide discovery, indicating strong potential for further exploration [1][4] - The company is planning an upcoming drilling program to test these high-priority targets, leveraging the current favorable market conditions with junior markets and copper prices at all-time highs [4] Company Overview - Inspiration Energy Corp. is a Canadian mineral exploration company focused on acquiring, developing, and exploring high-potential resource assets, with its flagship asset being the Rottenstone North Gold Project [7] - The Rottenstone North Gold Project is located approximately 115 kilometers north of La Ronge, Saskatchewan, covering an area of 4,512 hectares and situated in a geologically active region [7] - The company employs a combination of conventional and proprietary technologies, including the AMRT system, to efficiently define drill targets and drive future discoveries [7]
Valkea Resources Plans Aggressive Exploration Programs Across Its Northern Finland Project Portfolio
Newsfile· 2025-07-10 12:00
Core Viewpoint - Valkea Resources Corp. is set to launch an aggressive exploration program in 2025, focusing on gold mineralization in its Lapland project portfolio, particularly the Aarnivalkea West target at the Paana Project [1][3][4]. Exploration Program - The 2025 exploration program is fully funded and aims to systematically evaluate the Aarnivalkea West target while developing new high-priority target areas across multiple projects [4][7]. - Drilling will initially target disseminated gold mineralization at the Koivu Zone, with plans to investigate a 500-meter gap between the Koivu and Honka zones [5][7]. Target Details - The Aarnivalkea West target is located approximately 24 km northwest of Agnico Eagle's Kittilä mine and 65 km northwest of Rupert Resource's Ikkari deposit, underlain by highly prospective rocks of the Central Lapland Greenstone belt [5][9]. - Previous exploration results include significant intercepts such as 55.48 meters of 1.63 g/t gold and 36.45 meters of 1.50 g/t gold, indicating high prospectivity for both Kittila-style and Ikkari-style mineralization [7][9]. Operational Support - GeoPool Oy has been re-engaged to manage and provide operational support for the exploration programs, leveraging their extensive experience in the Central Lapland district [12]. Company Overview - Valkea Resources is focused on gold exploration in Finland's Central Lapland Greenstone Belt, with a commitment to discovering and advancing significant gold deposits [13].
Prospector Signs Letter of Intent with BeMetals for Option on Savant Gold Project, NW Ontario
Newsfile· 2025-07-10 11:00
Core Points - Prospector Metals Corp. has signed a non-binding Letter of Intent with BeMetals to option up to a 100% interest in the Savant Gold Exploration Project located in northwestern Ontario, Canada [1][4] - The Savant Project covers approximately 232 km² in a prolific gold-producing region, near notable mines such as Red Lake and Musselwhite, and hosts high-grade gold occurrences [2][4] Company Overview - Prospector Metals Corp. focuses on early-stage exploration of gold and base metal prospects, aiming to create shareholder value through new discoveries in underexplored regions, primarily in Yukon and Ontario [12] - The company emphasizes building relationships with local and Indigenous rightsholders to ensure mutually beneficial partnerships [12] Project Details - The Savant Project is characterized by iron formation-style deposits, with historical high-grade gold samples reported, including 138.87 g/t Au from the Horseshoe showing [5][7] - The project has not undergone comprehensive district-scale exploration, indicating potential for significant discoveries [4] Agreement Highlights - Under the LOI, BeMetals must commit at least C$500,000 in exploration expenditures within the first year and maintain a minimum of C$500,000 annually for five years [8] - A National Instrument 43-101 compliant Technical Report must be delivered within five years, outlining mineral resources, with ownership terms varying based on the resource size [9] - If BeMetals acquires 100% interest, a 0.5% Net Smelter Returns Royalty will be granted to Prospector [11]
Midland Begins Exploration Work on the Willbob-Kan Gold Project in the Labrador Trough
Globenewswire· 2025-07-03 11:30
Core Viewpoint - Midland Exploration Inc. has initiated a prospecting campaign in the Didgeridoo area of its wholly owned Willbob-Kan gold project, which is considered highly favorable for gold exploration [3][4]. Group 1: Prospecting Campaign - The prospecting campaign will take place in July 2025 in the Didgeridoo claim bloc, which has not been worked since follow-up activities on discoveries made in July 2019 [4]. - The Didgeridoo Zone is located approximately 15 km southeast of the main gold showings in the Kan area, which is fully owned by Midland [6]. Group 2: Historical Results - Channel sampling in the Didgeridoo Zone in 2019 yielded significant gold results, including an interval grading 2.30 g/t Au over 8.95 meters, with a higher grade of 3.56 g/t Au over 3.15 meters [5][7]. - Other notable results from the Didgeridoo Zone include channel samples grading up to 9.8 g/t Au over 13.2 meters and 8.71 g/t Au over 7.0 meters from different showings [8]. Group 3: Geological Features - The Didgeridoo Zone features a 5 to 10-meter-wide shear zone with abundant fault-filling quartz-calcite veins, observed in gabbros and quartz diorites [6]. - Visible gold occurrences have been noted within the zone, which has been stripped over approximately 100 meters in length and remains open at both ends [6]. Group 4: Quality Control Measures - A strict quality assurance and quality control (QA/QC) program was implemented during the last prospecting program, including the insertion of mineralized standards and blank samples for every batch of 20 samples [10].
Lodestar Metals to Resume Trading on TSXV on Friday, June 27, 2025
Newsfile· 2025-06-26 13:00
Group 1 - Lodestar Metals Corp. will resume trading on the TSX Venture Exchange on June 27, 2025, following the completion of its acquisition of the Gold Run Property [1][2] - The Gold Run Property is located in Humboldt County, Nevada, and is considered a highly prospective gold project [2][4] - The company has strengthened its leadership team with the appointment of David Christie as a director and Don McDowell as a Strategic Advisor [2][3] Group 2 - The President and CEO of Lodestar, Lowell Kamin, expressed optimism about the company's growth and commitment to long-term shareholder value through disciplined exploration and strategic execution [3] - Lodestar's flagship assets include the Gold Run Property and the Peny Property in the Snow Lake District of Manitoba, focusing on high-impact exploration and strategic acquisitions [4]
Aya Gold & Silver Launches Drill Exploration Program at Zgounder Far East and Adds 6 New Regional Permits
Globenewswire· 2025-06-26 11:00
MONTREAL, June 26, 2025 (GLOBE NEWSWIRE) -- Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF) (“Aya” or the “Corporation”) is pleased to announce high-grade silver results from its ongoing drill exploration program at the Zgounder Silver Mine and the start of its drill exploration program in the Far East permits in the Kingdom of Morocco. The Corporation has also acquired six (6) new permits to the north, expanding the Zgounder exploration footprint by 11.9% to over 452.7 square kilometers (“km2”). Highlights ...
Lodestar Metals Closes Option Agreement to Acquire Gold Run Property and Strengthens Leadership Team
Newsfile· 2025-06-25 12:00
Core Insights - Lodestar Metals Corp has successfully closed the acquisition of the Gold Run Property, a significant gold project in Humboldt County, Nevada, following an option agreement executed on May 6, 2025 [1][3] - The acquisition is part of the company's strategy to build a portfolio of high-impact gold assets in Tier-1 jurisdictions, enhancing its market visibility and growth potential [3][17] Acquisition Details - The Gold Run Property consists of 75 unpatented mining claims covering approximately 516 hectares and is located within the prolific Getchell and Battle Mountain-Eureka gold trends [8][9] - The acquisition involves cash payments totaling US $450,000 over six years, along with milestone payments of US $500,000 and US $1,000,000 tied to the completion of economic assessments and feasibility studies [12][13] Leadership Strengthening - David Christie has been appointed as a director, bringing nearly four decades of experience in exploration, M&A, and capital markets, previously associated with Osisko Mining [2][4] - Don McDowell joins as a Strategic Advisor, with over 30 years of experience in mineral exploration and project development across the Americas [6][4] Exploration Potential - The Gold Run Property has a history of exploration with 131 drill holes completed, indicating a robust mineralized system with multiple deposit styles [9][11] - The property is strategically located at the intersection of two major gold corridors, enhancing its exploration potential for high-grade gold mineralization [3][9]
Prospector Begins Maiden Drill Program on ML Project, Yukon
Newsfile· 2025-06-23 11:30
Core Viewpoint - Prospector Metals Corp. has initiated a fully funded drilling program at its ML Project in the Yukon, aiming to explore high-priority target areas identified in previous exploration efforts [1][2]. 2025 Drill Program - The 2025 ML Drill Program will involve up to 5,000 meters of diamond drilling across 15 to 20 holes targeting six areas: Bueno, Skarn Ridge, Rubble, Fishbowl, Java, and North Vein [2][3]. - The drilling is focused on high-grade, structurally controlled gold mineralization, with initial drilling starting at the Bueno target, where rock samples have shown values up to 156 g/t Au [2][3]. Target Areas - The six target areas for the drilling program include: - Bueno - Skarn Ridge - Rubble Cirque - North Vein - Java - Fishbowl [2][3]. Geological Insights - The drilling targets are based on a reinterpretation of geological data from the 2024 exploration program and historical data, focusing on intrusive units and adjacent altered meta-sediments [2]. - The Bueno target specifically is characterized by NE steeply dipping structures associated with strong fracturing, quartz veining, and mineralization including arsenopyrite and chalcopyrite [2]. Company Overview - Prospector Metals Corp. is part of the Discovery Group and focuses on early-stage exploration of gold and base metal prospects, primarily in Yukon and Ontario, Canada [6]. - The company aims to create shareholder value through new discoveries in underexplored mineral districts [6]. Qualified Person - The technical content of the press release has been reviewed and approved by Jodie Gibson, P.Geo., Vice President Exploration of Prospector, ensuring compliance with National Instrument 43-101 [5].