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Ground Magnetic Survey Commences at Electrum's Timok East Copper-Gold Project in Eastern Serbia
Thenewswire· 2025-04-29 06:00
Vancouver, Canada, April 29, 2025 – TheNewswire - Electrum Discovery Corp. ("Electrum" and/or the "Company") (TSX-V:ELY | FRA:R8N | OTC:ELDCF) is pleased to announce that a planned ground magnetic survey has commenced at the Timok East Copper-Gold Project ("Timok East" and/or the "Project"), located in eastern Serbia. The Project consist of 3 mineral permits: Bukova Glava, Luka and Makovište covering 123 square kilometres. “The results of this ground magnetic survey will better define our understanding of ...
Q2 Metals Extends Mineralized Zone Strike Length to 1.5 Kilometres and Concludes the 2025 Winter Program at the Cisco Lithium Project in Quebec, Canada
Globenewswire· 2025-04-28 07:05
Core Viewpoint - Q2 Metals Corp. has successfully completed its 2025 Winter expansion drill program at the Cisco Lithium Project, with promising results indicating the potential for significant lithium mineralization [2][4][5]. Summary by Relevant Sections Drilling Program Results - The 2025 Winter Program involved 14 drill holes totaling 6,997 meters, with 10 holes intercepting spodumene-bearing pegmatite [3][5]. - The main mineralized zone's strike length has increased from 850 meters to 1,500 meters, indicating a substantial expansion of the mineralized area [4][5]. - Notable drill hole results include CS25-028, which encountered 50.9 meters of continuous spodumene pegmatite, and CS25-036, which had a wide interval of 64.3 meters before being halted due to seasonal constraints [5][10]. Geological and Strategic Position - The Cisco Project is strategically located 150 kilometers from rail access, enhancing its development potential [4]. - The project covers 39,389 hectares and is situated within the Frotet Evans Greenstone Belt, which is known for hosting significant lithium deposits [34]. Upcoming Activities - The company plans to resume drilling in June 2025, focusing on systematically defining the known mineralized zone and conducting additional mapping and sampling [4][10]. - Q2 Metals will participate in several upcoming mining investment conferences, including the 121 Mining Investment Conference and the Canaccord Genuity Global Metals & Mining Conference [29][30]. Metallurgical Testing - Preliminary metallurgical testing aims to produce a spodumene concentrate with over 6% Li2O and low iron content, utilizing traditional lithium pegmatite processing methods [18][20]. Quality Assurance and Analytical Methods - The company employs rigorous QA/QC protocols, including the insertion of quartz blanks and certified reference materials in sample batches to ensure analytical precision [27][26]. Future Exploration Plans - The exploration strategy includes further testing of the southern extension of the main mineralized zone and additional drilling to explore less than 10% of the total land package [10][4].
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 ...
American Eagle Commences Exploration Season at NAK
Newsfile· 2025-04-23 10:00
Core Insights - American Eagle Gold Corp. has initiated its 2025 exploration campaign with a helicopter-borne magnetic survey over its 100%-owned NAK copper-gold porphyry project in British Columbia [1][4] Exploration Campaign Details - The magnetic survey will cover 480 line-kilometres with 50-metre spacing, utilizing four sensors for improved resolution compared to the previous single sensor method [2] - The survey aims to enhance the understanding of the geological features and subsurface structures at NAK, helping to identify optimal drill targets [2][4] Drilling Plans - A fully funded 30,000-metre drilling campaign at NAK is set to begin in May 2025, which will exceed the total metres drilled by the company over the past three years combined [3] - This drilling campaign is expected to be one of the most extensive single-season efforts in British Columbia's Babine region, reflecting the project's growing scale and momentum [3] Project Background - The NAK Project is located in the Babine copper-gold porphyry district and has a significant near-surface copper-gold system measuring over 1.5 km x 1.5 km [5] - Historical drilling has revealed high-grade copper-gold mineralization, indicating the presence of both near-surface and deeper mineralization zones [5] Financial Position - The company is backed by over $37 million in cash, supported by strategic investments from Teck Resources and South32, ensuring it remains fully funded for at least another two years [6][4]
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 ...
South Pacific Metals Successfully Completes Warden's Hearing on Renewal of Exploration Licence for Kili Teke Copper-Gold Project
Newsfile· 2025-03-31 11:30
March 31, 2025 7:30 AM EDT | Source: South Pacific Metals Corp. Vancouver, British Columbia--(Newsfile Corp. - March 31, 2025) - South Pacific Metals Corp. (TSXV: SPMC) (OTCQB: SPMEF) (FSE: 6J00) ("SPMC" or the "Company") is pleased to report the successful completion of the Warden's Hearing for the renewal of Exploration License EL 2310, covering the 253 km2 concession comprising the Kili Teke Copper-Gold Project (the "Project"), located in Papua New Guinea. The Project currently hosts an Inferred Mineral ...