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Leviathan Gold Announces Letter of Intent to Acquire 100% Interest in Kalahari Copper, and Uranium Exploration Portfolio, Botswana
Globenewswire· 2025-06-19 12:00
Leviathan Gold Partners with 1502656 B.C. LTD. for Strategic Investor Relations Campaign NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES. VANCOUVER, British Columbia, June 19, 2025 (GLOBE NEWSWIRE) -- Leviathan Gold Ltd. (“Leviathan” or the “Company”) (LVX – TSXV, LVXFF – OTC, 0GP – FSE) is pleased to announce that it has entered into a non-binding letter of intent dated June ...
Makenita Resources Engages Drilling Contractor for Maiden Drill Program at Hector Silver Project in Ontario
Newsfile· 2025-06-18 07:01
Core Viewpoint - Makenita Resources Inc. has engaged Vital Drilling Services to initiate its first drilling program at the Hector Silver Project in Ontario, with mobilization already underway and drilling expected to start later this month [1]. Group 1: Project Overview - The Hector Property consists of 126 contiguous unpatented mineral claims covering an area of 2,243 hectares [2]. - The initial drilling phase will target high-priority areas identified through geological interpretation and recent fieldwork, including regions made accessible by wildfire-related clear-cutting [2]. Group 2: Technical Details - The drilling program aims to explore new silver and cobalt targets based on an updated structural model derived from airborne magnetic and VLF-EM surveys conducted from 2017 to 2021, totaling 522.9 line-kilometers [3]. - A significant focus will be on the Block 9 silver anomaly, previously explored by Teck in the early 1970s, which yielded assays of 326 grams per tonne silver (9.5 oz/ton) [4]. - The program will also target the South Keora shaft, a historic high-grade prospect with reported sampling results of 12-15% cobalt and up to 1,000 oz/ton silver from around 1913 [4]. Group 3: Management Insights - Jason Gigliotti, President and CEO of Makenita Resources, emphasized that this drilling marks a significant milestone for the company, aiming to validate historical mineralization and unlock potential value for shareholders [5]. - The Hector Project is positioned as a core strategic asset for Makenita, situated in a historically rich mining district known for silver and cobalt production [5].
TDG Gold Announces Acquisition of Anyox Copper and C$25 Million Bought Deal Private Placement
Globenewswire· 2025-06-17 11:01
Core Viewpoint - TDG Gold Corp has entered into an amalgamation agreement with Anyox Copper Ltd to acquire the Anyox Copper project, enhancing its position in the mining sector of British Columbia [1][4] Transaction Details - The acquisition will be executed through a three-cornered amalgamation under the Business Corporations Act (British Columbia) [1] - The company has secured a bought deal private placement with BMO Capital Markets and Clarus Securities, raising C$25 million in gross proceeds to support the transaction [1][19] Strategic Positioning - The combination of Anyox Copper and TDG's existing projects provides exposure to precious metals and critical minerals in established mining districts [2] - Post-transaction, TDG will have over C$40 million in cash, enabling nearly year-round exploration activities [2] Management Changes - Paul Geddes, currently CEO of Anyox, will join TDG as Vice President of Corporate Development, focusing on operational excellence and growth [3][4] Exploration Plans - TDG's immediate priority is the Greater Shasta-Newberry project, with plans to resume exploration activities supported by the expanded treasury [5] - The Anyox project will allow for exploration at different times of the year, extending the exploration season across two mining districts [5] Board Changes - Michael Kosowan has been appointed as Chair of the Board, succeeding Stephen Quin, who will remain as a director [6] Share Consolidation - The company intends to seek shareholder approval for a five-for-one share consolidation to enhance its appeal to investors [7] Anyox Copper Project Overview - The Anyox project is located in British Columbia's 'Golden Triangle' and includes the historical Hidden Creek copper mine, which produced approximately 750 million pounds of copper from 1914 to 1935 [10][12] Financial Projections - The proceeds from the concurrent financing will be allocated to exploration activities, including C$8 million for the Greater Shasta-Newberry project and C$5 million for the Anyox project [23]
Maxus Mining Investors Exercise $354,300 CDN in Warrants
Globenewswire· 2025-06-16 21:00
Group 1: Company Financials - Maxus Mining Inc. announced that investors exercised 1,771,500 common share purchase warrants, generating gross proceeds of $354,300 from May 16, 2025, to June 13, 2025 [1] - The capital raised will strengthen the Company's balance sheet and will be allocated for future exploration, new projects or acquisitions, corporate development, marketing, and working capital [2] Group 2: Marketing Agreement - The Company entered into a marketing agreement with RMK Marketing Inc. for a term of 6 months starting June 18, 2025 [3] - RMK will provide various marketing services, including coordinating marketing actions, optimizing AdWords campaigns, and managing online marketing projects [4] - The Company will compensate RMK $250,000, with an option to increase the advertising budget up to $350,000 during the term [5] Group 3: Company Overview - Maxus Mining Inc. is focused on mineral exploration, aiming to locate, acquire, and develop economic mineral properties in premier jurisdictions [6] - The Company has a diverse portfolio of exploration properties, including approximately 7,244 hectares across multiple projects, such as four antimony projects and the Penny Copper Project [6] - The Penny Copper Project has a history of exploration activity and recent sampling returned copper values up to 2,388 ppm Cu [7] Group 4: Project Highlights - Historical samples from the Quarry Antimony Project showed significant mineralization, including 0.89% Au and 20% Sb [8] - The Lotto Tungsten Project has reported high tungsten grades, with a selected grab sample assaying 10.97% Wo3 [8] - The Altura and Hurley Antimony projects are strategically located near recent high-grade discoveries, with assays up to 69.98% Sb and 19.2% Sb reported [8]
Group Eleven Announces $2.2 Million in Early Warrant and Option Exercises and Provides Update on Carrickittle West 'Pallas Green Lookalike' Target
Newsfile· 2025-06-16 10:00
Core Viewpoint - Group Eleven Resources Corp. announced early warrant and option exercises totaling $2.2 million, enhancing its financial flexibility for ongoing drilling activities at the Carrickittle West prospect in Ireland, which is considered a promising target for mineralization [2][6]. Drilling and Exploration Update - Drilling at the Ballywire discovery continues with three rigs, having completed nine new holes, with significant results indicating the presence of brecciation, faulting, and hydrothermal fluids [4][5]. - The Carrickittle West prospect, which includes the Stonepark and PG West projects, is located near Glencore's Pallas Green deposit, with the potential to host a similar mineralizing system [4][25]. - Key attributes observed in the drilling include significant pyrite and trace sphalerite, suggesting proximity to high-grade mineralization [4][5]. Financial Position - The company has received proceeds of $2,206,752 from early warrant and option exercises since a C$2.5 million placement closed on February 28, 2025, increasing its cash position to approximately C$4.3 million as of June 13, 2025 [5][6]. - This strengthened financial position allows the company to ramp up drilling activities in 2025 and extend operations into 2026 [6]. Target Areas and Results - The most significant target emerging from recent drilling is the Kilteely Prospect, which features a large breccia body spanning at least 1.5 km [5]. - Additional target areas at Carrickittle West include the Bruff Prospect, which has shown extensive dolomitization and hydrothermal fluid flow, indicating potential for further mineralization [5][6]. - Future drilling plans include targeting the base of the Waulsortian Limestone on the hanging wall of the Kilteely Fault, with follow-up drilling warranted based on current findings [10][11].
Yukon Metals Begins Inaugural Drilling Program at High-Grade Copper Zone of AZ Property
Globenewswire· 2025-06-11 13:00
VANCOUVER, British Columbia, June 11, 2025 (GLOBE NEWSWIRE) -- Yukon Metals Corp. (CSE: YMC, FSE: E770, OTCQB: YMMCF) (“Yukon Metals” or the “Company”) is pleased to announce it has commenced the inaugural drilling program at its 11,755-hectare AZ Project, located 6 kilometers west of the Alaska Highway and 36 kilometres south of Beaver Creek, Yukon. The fully funded exploration program includes 2,000 metres of diamond drilling, along with extensive geological mapping and rock-chip sampling across several h ...
Maxus Mining Announces Acquisition of a Portfolio of High-Grade Antimony & Tungsten Projects
Globenewswire· 2025-06-05 12:00
Core Viewpoint - Maxus Mining Inc. has entered into a Property Option Agreement to acquire a 100% interest in one tungsten and three antimony exploration properties in British Columbia, covering a total of 4,122 hectares, which positions the company to capitalize on essential minerals for emerging technologies and energy [2][3][29] Group 1: Acquisition Details - The Agreement involves acquiring four new projects focused on antimony and tungsten, enhancing the company's mineral portfolio [3][21] - The total area of the properties includes approximately 3,700 hectares for antimony projects and 422 hectares for the Lotto Tungsten Project [2][29] - The acquisition will be financed through cash payments totaling $150,000, common share issuances worth $400,000, and a minimum of $1,000,000 in exploration expenditures [21][24] Group 2: Project Highlights - The Quarry Antimony Project has historical samples showing high grades of antimony, with one sample assaying 20% Sb, 0.89 g/t Au, and 42.5% Pb [4][31] - The Lotto Tungsten Project is located in a mineral-rich area and has historical samples with tungsten mineralization, including a sample that assayed 10.97% WO3 [7][8][31] - The Altura Antimony Project is strategically positioned near a recent high-grade antimony discovery, with assays up to 69.98% Sb [6][19][31] - The Hurley Antimony Project is adjacent to the Reliance Gold Project, which reported significant antimony results, including 19.2% Sb [9][10][32] Group 3: Geological Context - The properties are situated in a leading Canadian jurisdiction with extensive geological potential, underlain by various rock formations that support mineralization [5][14][29] - The Quarry property is characterized by mineralized quartz veins in limestone, while the Lotto Project features scheelite mineralization in quartz veins [4][7] - The geological setting of the Hurley and Altura projects indicates a strong correlation between gold and antimony, enhancing their exploration potential [9][17][32]
Mustang Energy Corp. Enters Option Agreements with Thunderbird Resources Ltd.
Globenewswire· 2025-06-04 23:44
Core Viewpoint - Mustang Energy Corp has entered into two strategic option agreements with Thunderbird Resources Ltd to acquire an undivided 80% interest in mineral tenements in the Athabasca Basin, marking a significant step in expanding its uranium land package [1][4]. Group 1: Agreements Overview - The first agreement, the Cluff Lake Agreement, allows Mustang to acquire an 80% interest in the Cluff Lake Project, which consists of five mineral claims located approximately 12 km northeast of the historical Cluff Lake uranium mine [2][5]. - The second agreement, the Surprise Creek Agreement, enables Mustang to acquire an 80% interest in the Surprise Creek Project, which spans multiple areas including Surprise Creek, Pring Lake, and Ellis Bay/Bob Lake [3][10]. Group 2: Project Details - The Cluff Lake Project is situated in a highly prospective area of the Athabasca Basin, with a MobileMT survey conducted in 2024 identifying several high-priority drill targets in the Moose Lake area [8][9]. - The Surprise Creek Project is located 25 km northwest of the Beaverlodge Uranium District, with historical drilling results showing significant uranium mineralization, including results of up to 2.1m at 4.37% U3O8 and surface sampling returning assays up to 7.98% U3O8 [11][12]. Group 3: Financial Commitments - For the Cluff Lake Project, Mustang will issue shares valued at CAD$200,000, make cash payments totaling CAD$120,000 over four years, and commit CAD$3,000,000 towards exploration [19][23]. - For the Surprise Creek Project, similar financial commitments are required, including share issuance valued at CAD$200,000, cash payments of CAD$120,000, and exploration expenditures of CAD$3,000,000 [22][24]. Group 4: Future Plans - Mustang's technical team is developing plans for field programs at both the Cluff Lake North and Surprise Creek Projects to refine drill targets and evaluate underexplored structural corridors with strong discovery potential [4][29].
Canter Resources Advances Railroad Valley Project with Integration of Historical Data Sets
Newsfile· 2025-06-03 11:00
Canter Resources Advances Railroad Valley Project with Integration of Historical Data Sets Figure 2. Railroad Valley Data Compilation - Oblique view with historical vertical drill holes surrounding the project integrated using legacy drill hole logs. June 03, 2025 7:00 AM EDT | Source: Canter Resources Corp. Vancouver, British Columbia--(Newsfile Corp. - June 3, 2025) - Canter Resources Corp. (CSE: CRC) (OTC Pink: CNRCF) (FSE: 6O1) ("Canter" or the "Company") is pleased to announce the successful integratio ...
Coppernico to Host Virtual Annual General Meeting and Fireside Chat with 3L Capital
Globenewswire· 2025-05-29 11:15
VANCOUVER, British Columbia, May 29, 2025 (GLOBE NEWSWIRE) -- Coppernico Metals Inc. (TSX: COPR, OTCQB: CPPMF) (“Coppernico” or the “Company”), is pleased to announce the details of its upcoming virtual Annual General Meeting of Shareholders (the "Meeting"), to be held on Tuesday, June 24, 2025, at 10:00 a.m. Pacific Time, as well as a leadership fireside chat hosted by 3L Capital (the "Webinar"), scheduled for Wednesday, June 4, 2025, at 8:00 a.m. Pacific Time. Annual General Meeting of Shareholders The Me ...