Mineral Exploration

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Almadex Provides Review of Spences Bridge Gold Belt Projects in Southern British Columbia
Globenewswire· 2025-08-20 19:31
Core Insights - Almadex Minerals Ltd. is focusing on its wholly owned Nicoamen and Merit Projects located in the Spences Bridge Gold Belt, which is gaining attention due to recent high-grade gold discoveries [1][2] Industry Overview - The Spences Bridge Gold Belt is a 110 km northwest-trending area in southern British Columbia, known for its potential for low-sulphidation epithermal gold-silver mineralization [2] - Approximately CA$55 million has been invested in exploration at the Shovelnose Property, which has led to a robust Preliminary Economic Assessment (PEA) for a low-cost, high-margin underground gold mining operation with an estimated mine life of 11.1 years [2] Nicoamen Project Highlights - The Nicoamen Project consists of 9 claims totaling 3,332 hectares, located near Lytton, British Columbia [3] - Previous exploration included stream sediment, rock, and soil sampling, trenching, and geophysical surveys, with the most recent work conducted by Independence Gold Corp. [4][6] - A magnetic survey identified a "magnetic low" structural corridor associated with mineralized chalcedonic quartz veins, yielding gold values up to 4.46 g/t [4][6] Merit Project Highlights - The Merit Project comprises four mineral claims covering approximately 1,900 hectares, located near Merritt, British Columbia [7] - Previous exploration has revealed multiple zones of alteration and mineralization, particularly at Sullivan Ridge, where trenching returned gold values of 7.24 g/t over 1.8 meters [7] - Independence Gold Corp. also conducted work on the Merit Property, with sampling returning assays of up to 9.5 g/t gold and 341 g/t silver [8] Future Plans - The company intends to seek a qualified partner to further develop the Nicoamen and Merit projects while currently focusing on advancing its U.S.-based exploration projects [9]
Silver Dollar Exercises Option on Government Gulch Portion of Ranger-Page Project
Newsfile· 2025-08-20 12:00
Core Viewpoint - Silver Dollar Resources Inc. has successfully exercised its option to acquire a 75% interest in the Government Gulch portion of the Ranger-Page Project, a significant mining area in the Coeur d'Alene Mining District, known for its high production of silver, lead, and zinc [2][4]. Company Summary - Silver Dollar Resources Inc. is focused on mineral exploration in North America's prominent mining regions, particularly Idaho's Silver Valley and the Durango-Zacatecas silver-gold belt [8]. - The company has a portfolio that includes advanced-stage projects like Ranger-Page and La Joya, as well as the early-stage Nora project [8]. - Silver Dollar's largest shareholder is renowned mining investor Eric Sprott, indicating strong financial backing [8]. Project Details - The Ranger-Page Project encompasses six historic mines and is strategically located near Interstate 90, providing year-round access to essential resources and infrastructure [7]. - The company has incurred over US$1,210,000 in exploration expenditures on the Government Gulch property, in addition to a payment of US$250,000 to the optionor [2][3]. - Silver Dollar has the option to acquire the remaining 25% interest in the Government Gulch property through negotiations or predetermined payment options [3]. Future Plans - If the company does not exercise the Second Option by December 31, 2025, a joint venture will be formed, with Silver Dollar acting as the operator [4]. - The Government Gulch Agreement includes provisions for dilution of interests if a joint venture participant does not contribute its proportionate share of expenses [4][6].
Searchlight Resources Completes Acquisition of 100% Interest in the Robinson Creek Gold Property
Newsfile· 2025-08-20 11:00
Searchlight Resources Completes Acquisition of 100% Interest in the Robinson Creek Gold Property August 20, 2025 7:00 AM EDT | Source: Searchlight Resources Inc. Vancouver, British Columbia--(Newsfile Corp. - August 20, 2025) - Searchlight Resources Inc. (TSXV: SCLT) (OTC Pink: SCLTF) ("Searchlight" or the "Company") is pleased to announce that it has completed the required payments and shares issuance to earn a 100% interest in the Robinson Creek Gold project, located approximately 16 km west of Creighton, ...
Sun Summit Provides Exploration Update from the JD Project in BC's Toodoggone District; Over 3,100 Meters of Drilling Completed at the Creek Zone
Newsfile· 2025-08-20 11:00
Sun Summit Provides Exploration Update from the JD Project in BC's Toodoggone District; Over 3,100 Meters of Drilling Completed at the Creek Zone August 20, 2025 7:00 AM EDT | Source: Sun Summit Minerals Corp. Vancouver, British Columbia--(Newsfile Corp. - August 20, 2025) - Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) ("Sun Summit" or the "Company") is pleased to provide an update from its ongoing project-wide 2025 exploration program at the JD Project, Toodoggone Mining District, north-central Bri ...
Midnight Sun Puts Second Drill To Work at Dumbwa
Newsfile· 2025-08-20 10:30
Core Insights - Midnight Sun Mining Corp. has initiated the use of a second diamond drill at the Dumbwa Target within the Solwezi Project in Zambia to accelerate exploration efforts [1][2] - The exploration program aims to correlate previous drilling data with new induced polarization (IP) data and a significant 20-kilometre soil anomaly indicative of copper mineralization [2] Company Overview - Midnight Sun is focused on the Solwezi Project, located in the Zambia-Congo Copperbelt, which is the second largest copper-producing region globally [6] - The project is adjacent to major copper mines, including First Quantum's Kansanshi Mine, enhancing its potential for discovery [6] Exploration Details - The Dumbwa Target is characterized as a near-surface, low-strip, bulk-tonnage exploration site, with geological features similar to Barrick's Lumwana Mine, located approximately 60 kilometres to the west [3] - A high-grade copper-in-soil anomaly extends about 20 kilometres along strike and over 1 kilometre wide, with peak copper values reaching 0.73% [3] - Recent IP surveys have revealed the structural framework of the Dumbwa target, indicating a correlation between mineralized intervals from previous drilling and the interpreted target horizon [4]
Collective Mining Drills 183.70 Metres at 3.01 g/t Gold Equivalent Commencing from 37.30 Metres Downhole at the Apollo System
Prnewswire· 2025-08-20 10:30
Core Viewpoint - Collective Mining Ltd. has announced positive assay results from its ongoing drilling program at the Apollo system, indicating significant gold-silver-copper-tungsten mineralization and the potential for further expansion of the resource [1][6][12]. Drilling Program and Results - The company is conducting a fully funded 70,000 metre drill program for 2025, with 11 drill rigs currently operational, focusing on the Guayabales Project and the San Antonio Project [2][3]. - Approximately 133,000 metres of diamond drilling have been completed at the Guayabales Project, with 93,000 metres specifically at Apollo [3]. - Recent assay results from four drill holes at Apollo revealed high-grade mineralization, including 183.70 metres at 3.01 g/t gold equivalent from 37.30 metres downhole (APC-134) and 37.15 metres at 7.05 g/t gold equivalent from 118.10 metres downhole (APC-136) [6][8][14]. Future Plans and Expectations - The company plans to expand the high-grade Ramp Zone at Apollo, with a second large capacity drill rig now on site and expected to begin operations shortly [4][6]. - The shallow drilling program at Apollo is nearing completion, with approximately six drill holes remaining, and is expected to enhance the internal block model by filling gaps and expanding the mineralized area by about five percent [14]. Project Overview - The Guayabales Project is the flagship project of Collective Mining, anchored by the Apollo system, which hosts large-scale, high-grade mineralization [12][11]. - The company aims to systematically drill test newly modeled high-grade sub-zones and explore greenfield targets within the project area [12].
LAURION Intersects 9.16 g/t Gold over 0.80 Metres and Releases Results for the First Three Drill Holes at Sturgeon River Mine Area
Thenewswire· 2025-08-19 13:25
TORONTO, Ontario – TheNewswire - August 19, 2025 – LAURION Mineral Exploration Inc. (TSXV: LME | OTCPINK: LMEFF) ("LAURION" or the "Corporation") reports encouraging initial results from the first three diamond drill holes of its previously announced 2025 drill program at the Ishkõday Project, located 220 km northeast of Thunder Bay, Ontario. Further to the Corporation's press releases dated May 8, 2025 and May 27, 2025, drilling began in mid-May and is part of a 7,000-metre campaign targeting the high-grad ...
Fitzroy Minerals Reports Multiple Step-Out Copper Intercepts at Buen Retiro, Chile
Thenewswire· 2025-08-19 13:15
Core Insights - Fitzroy Minerals Inc. is advancing its exploration efforts at the Buen Retiro Copper Project in Copiapó, Chile, with ongoing Phase 2 drilling totaling 8,000 meters [1][4]. Exploration Update - Recent assay results from diamond drill holes 23 to 27 indicate copper mineralization in all holes, expanding the known mineralization strike length to 985 meters [2][10]. - The average distance between drill holes along the strike has been reduced to approximately 100 meters, improving the continuity of mineralization [2]. - Significant shallow mineralization zones have been identified, particularly between holes 21 and 24, covering a lateral extent of 360 meters [2][8]. Drilling Details - Drill hole 27 intersected multiple mineralized zones, including 119 meters at 0.53% Cu from a depth of 49 meters, confirming the presence of oxide and transition copper minerals down to about 150 meters [10][17]. - Hole 25 returned 32 meters at 0.90% Cu, including 11 meters at 2.28% Cu, indicating strong mineralization at the northwestern edge of the Southwest Area [10][18]. - The ongoing diamond drilling aims to further test the extensions and limits of known mineralization in the Southwest Area, with assays for holes 28 to 33 pending [25][26]. Future Plans - The company plans to initiate Reverse Circulation (RC) drilling in the North Area, targeting shallow hanging-wall copper mineralization related to a multi-kilometer geophysical anomaly [3][26]. - Fitzroy aims to accelerate resource delineation and technical de-risking work to advance towards production at Buen Retiro [6][25]. Infrastructure and Economic Considerations - The Buen Retiro site benefits from excellent infrastructure, being close to the Pan-American highway and existing mining facilities, which may enhance capital efficiencies for future development [6].
Brixton Metals Drills 28.35m of 1.63 g/t of Gold, 76.79 g/t Silver, 0.61% Copper and 1002 g/t Antimony at the Northside Vein, Camp Creek Area
GlobeNewswire News Room· 2025-08-19 11:30
Core Viewpoint - Brixton Metals Corporation has announced promising drill results from its near-surface program at the Camp Creek area, indicating strong mineralization and the potential for further resource estimation [1][3]. Summary by Sections Drill Results - The recent drilling program at Camp Creek involved a total of 2,165 meters over 12 holes, with ongoing drilling at the Trapper Gold Target (3,408 meters over 15 holes) and the Catalyst Copper-Gold Porphyry Target (1,025 meters over 2 holes) [1]. - Hole THN25-325 reported significant assay results, including 1.40 meters of 7.11 g/t gold, 262 g/t silver, 0.76% copper, and 1,840 g/t antimony from a depth of 114.10 meters, and 28.35 meters of 1.63 g/t gold, 76.79 g/t silver, 0.61% copper, and 1,002.41 g/t antimony from 158.65 meters [6][10]. Mineralization Insights - The Northside Vein mineralization has been extended to an estimated total strike length of 800 meters, remaining open along strike and at depth, with estimated widths up to 20 meters [10]. - The mineralization consists of semi-massive quartz-pyrite-sulphosalt breccia hosted within the PZ diorite porphyry unit [10]. Future Plans - The company aims to conduct further shallow drilling in the Camp Creek area to establish a resource estimate based on the new high-grade results [3].
Midland Commences an Exploration Program for Copper-Gold-Molybdenum-Silver Occurrences on the Saruman Project
Globenewswire· 2025-08-19 11:30
Core Insights - Midland Exploration Inc. has initiated an exploration program to investigate copper-gold-molybdenum-silver occurrences at its Saruman project, located in the Eeyou Istchee James Bay region of Quebec [4][6] - The Saruman project consists of 121 claims covering an area of 64 square kilometers and was acquired in November 2023 [4][8] - Strong copper anomalies were identified in a high-density lake sediment geochemistry survey, with significant concentrations found in a 5 by 3-kilometer area [6][10] Exploration Details - Reconnaissance work in summer 2024 revealed anomalous values of 0.32% Cu, 0.35 g/t Au, 0.39% Mo, and 13.8 g/t Ag in grab sample L880271 [6][10] - The mineralization observed includes disseminated, veinlet, and fracture-filling chalcopyrite, pyrite, and molybdenite in tonalites [6][10] - The current mineralization does not fully explain the extent of the lake sediment copper anomalies, suggesting a potentially larger Cu-Au-Mo-Ag system may be present [7][10] Geological Context - The Saruman project is situated in the Opatica geological Subprovince, specifically within the Theodat Complex, which remains poorly understood [8] - No previous exploration has been reported in the project area, indicating a relatively unexplored region with significant potential [8][10] Quality Control and Methodology - Exploration programs are designed and interpreted by Qualified Persons following industry best practices, including quality assurance and control measures [10][11] - Statistical processing of lake sediment data was conducted by the Ministère des Ressources Naturelles et des Forêts du Québec (MRNF), identifying multiple copper anomalies above the 97th and 99.5th percentiles [9][10]