Core Insights - Scorpio Gold Corporation announced its Maiden mineral resource estimate (Maiden MRE) for the Manhattan District, which includes 18,343 tonnes grading 1.26 g/t gold, totaling 740,000 ounces of contained gold in the inferred category [2][3][4] - The historical mineral resource estimate (Historical MRE) for certain satellite deposits at Manhattan includes 1,652,325 tonnes grading 5.89 g/t gold, amounting to 303,949 ounces of contained gold [2][3][4] - The Maiden MRE is based on over 92,000 meters of historical drilling and does not yet include any drilling conducted by the company in 2025, indicating significant potential for resource growth [7][9][10] Maiden Mineral Resource Estimate - The Maiden MRE covers the Goldwedge and Manhattan Pit areas and is classified entirely in the inferred category, reflecting only the validation and conversion of legacy data [7][8][9] - The average grade of the Maiden MRE is 1.26 g/t Au at a 0.3 g/t cut-off, which is higher than many other open-pit deposits in Nevada, highlighting Manhattan's potential as a standout project [8][9] - The resource estimate serves as a foundation for ongoing exploration and expansion, with plans for further drilling to delineate and grow the resource base [9][10] Historical Mineral Resource Estimate - The Historical MRE was completed in 1997 and includes estimates from the Black Mammoth, April Fool, Hooligan, Keystone, and Jumbo areas, with a total of 1,652,325 tonnes grading 5.89 g/t gold [2][19][20] - The Historical MRE is not treated as current by the company, as a Qualified Person has not verified the data to classify it as a current resource [19][24][42] - Historical estimates indicate significant past production and resource potential, but further exploration and validation are required to assess economic viability [24][39][42] Exploration and Future Potential - The company aims to build a multi-million-ounce resource at a competitive grade, leveraging the historical data and ongoing drilling efforts [3][4][9] - The Manhattan District has a rich history of gold production, with approximately 700,000 ounces produced historically, and is strategically located near other significant gold mining operations [36][43] - Future exploration will focus on high-grade targets and the potential for larger tonnage envelopes surrounding historical high-grade structures [32][34][35]

Core Insights - Pelangio Exploration Inc. has filed an updated independent Mineral Resource Estimate (MRE) for its Manfo Gold Project in Ghana, indicating significant increases in both Indicated and Inferred resources compared to previous estimates [2][5]. Mineral Resource Update - The updated MRE, completed by SEMS Technical Services Ltd., shows a total Indicated resource of 11,787,000 tonnes at an average grade of 1.16 g/t Au, equating to 441,000 ounces of gold, and a total Inferred resource of 16,048,000 tonnes at an average grade of 0.77 g/t Au, equating to 396,000 ounces of gold [4][6]. - The MRE was conducted using a gold price of US$2,600 per ounce, with specific cut-off grades for different mineralization types [4]. Comparison with Previous Estimates - The 2025 MRE represents a 126% increase in total Indicated gold ounces and a 395% increase in total Inferred gold ounces compared to the Maiden pit-constrained MRE, which was based on a gold price of US$1,450 per ounce [5][8]. Exploration Plans - The company plans a staged exploration program with a budget of US$7.6 million, including up to 45,000 meters of drilling, aimed at resource expansion and new discoveries [6][14]. - Exploration programs are currently underway, with high-resolution UAV magnetics and orthophoto surveys nearing completion, and drilling expected to commence in November 2025 [6][14]. Resource Growth Potential - There is significant potential for resource growth, particularly in the Inferred category, with recommendations for further drilling to upgrade resources and explore open-ended mineralization [9][10]. - The addition of the Nkosuo Mining Permit is believed to hold potential for further discoveries, with historical exploration indicating extensions of mineralized structures into the Nkosuo Lease [11].

Core Insights - Canadian Gold Resources Ltd. is advancing its exploration and development activities at the Lac Arsenault Property in Québec, with a focus on validating historical high-grade results and establishing a compliant resource base under NI 43-101 [1][2][3] Exploration and Development Activities - The company has submitted permit applications for its maiden diamond drilling program, which includes 36 drill holes totaling approximately 2,345 meters, aimed at modernizing historical data [2] - Historical work from 1975 to 1996 indicated non-compliant resource estimates ranging from 40,000 tonnes at 15.43 g/t Au and 197 g/t Ag to approximately 200,000 tonnes averaging 9.59 g/t Au, highlighting the project's high-grade potential [3][11] - The upcoming drill program aims to twin and verify historical drill holes, apply modern QA/QC protocols, and generate sufficient new drilling data to support an independent mineral resource estimate [7] Bulk Sampling Program Update - Canadian Gold received permits for a 5,000-tonne bulk sampling program, contingent upon the completion of shallow water monitoring wells [4] - The company is currently pausing the drilling of these wells to seek additional input from another First Nations community, while maintaining engagement with the Gesgapegiag First Nation [5][6] Management Commentary - The President & CEO emphasized the significance of the drill permit applications as a milestone for validating historic results and unlocking value in a proven mining jurisdiction [3] Board Resignation - Ken Booth has resigned from the Board of Directors to focus on other commitments, with the Board expressing gratitude for his contributions [8] Project Overview - The Lac Arsenault Property is located along the Grand Pabos Fault in Québec's Gaspé region, known for its geological characteristics similar to prolific gold-bearing systems [9][10] - The property hosts multiple high-grade vein systems and has a strong foundation for current exploration efforts [10] Company Background - Canadian Gold Resources Ltd. is a junior exploration company with three high-grade gold properties totaling approximately 16,000 hectares in Québec's Gaspé Peninsula, focusing on unlocking the potential of historically explored assets [11]

La Guitarra Mine Operations - Full commercial production commenced on January 1, 2025[13, 26, 64] - Q2 2025 sales reached 173,562 silver equivalent ounces[13, 44] - Q2 2025 revenues totaled $5.4 million[13, 44, 45] - Gross profit of $1.3 million was recorded for Q2 2025[13, 45] - Milled 41,235 tonnes of material in Q2 2025[45] Resource Update & Exploration - La Guitarra's 2023 resource update shows a 373% increase in Measured & Indicated silver-equivalent ounces, totaling 27.2 million ounces[30] - Inferred silver-equivalent ounces increased by 204%, reaching 20.2 million ounces[30] - The company is planning a +20,000m drill program in the Temascaltepec East District[49, 64] - Over 1,400 drill holes totaling 236,000 meters have been completed[48] Financial Position & Share Structure - A C$19.5 million private placement closed in July 2025[13, 40, 64] - Current assets, including cash, amounted to $5.9 million as of June 30, 2025[53, 64] - First Majestic Silver holds 37.7% of the company's shares[26, 54, 64]

Core Viewpoint - Blende Silver Corp. is advancing its exploration and development activities at the Blende zinc-lead-silver property in Yukon, with ongoing regulatory processes for mining permits and significant mineral resource estimates indicating potential for substantial mineral extraction [1][2][5]. Group 1: Project Development - The Company submitted a Class 4 Quartz Mining Land Use Approval application in January 2025, which is crucial for exploration and development at the Blende property [2]. - Proposed activities include upgrading existing trails, constructing new infrastructure such as a heli-pad and airstrip, and supporting a 25,000-meter drill program with up to 50 surface diamond drill holes annually [2]. - A smaller Class 1 Exploration Notification is being initiated to support a surface drill program with a temporary camp for less than 250 person-days [3]. Group 2: Mineral Resource Estimates - The Blende property hosts a significant mineral resource, with an Indicated Mineral Resource of 4.6 million tonnes grading 1.82% Zn, 1.63% Pb, and 30.3 g/t Ag, translating to approximately 187 million pounds of zinc, 167 million pounds of lead, and 4.5 million ounces of silver [5][6]. - An Inferred Mineral Resource of 42.2 million tonnes grading 1.83% Zn, 1.62% Pb, and 27.5 g/t Ag is also reported, equating to about 1.7 billion pounds of zinc, 1.5 billion pounds of lead, and 37.3 million ounces of silver [5][6]. - The mineralization is characterized as a Proterozoic-aged carbonate-hosted massive sulphide deposit, forming a mineralized corridor over 6 km [5]. Group 3: Regulatory Engagement - The Yukon Environmental and Socio-economic Assessment Board (YESAB) has extended the public comment period for the project until September 18, 2025, encouraging stakeholder participation [3]. - The Company is actively engaging with regulatory authorities to facilitate the approval process for the Class 4 Quartz Mining Permit [2]. Group 4: Historical Context - The Blende property was reported in 1995 as the largest strata-bound, carbonate-hosted, zinc-lead deposit in Yukon, highlighting its historical significance in the mining sector [4].

TORONTO, Sept. 10, 2025 (GLOBE NEWSWIRE) -- Dundee Precious Metals Inc. (TSX:DPM) (“DPM”) today reported high-grade copper-gold-silver intercepts from its ongoing Serbian exploration program, including the Dumitru Potok prospect. Results included an intercept of 131.6 metres grading 3.93% CuEq, comprised of 1.53% Cu, 2.41 g/t Au and 12 g/t Ag from 1,126 metres and 76 metres at 2.47% CuEq, comprised of 1.01% Cu, 1.43 g/t Au and 10.37 g/t Ag from 1,277 metres downhole at hole DPDD032. This represents one of t ...

Core Viewpoint - Q2 Metals Corp. has reported significant progress in its summer 2025 infill drilling campaign at the Cisco Lithium Project, highlighting multiple wide intercepts of spodumene pegmatite, which indicates strong potential for lithium mineralization [2][3][5]. Drilling Results - The Summer Drill Program involved eight holes drilled over a total of 4,603 meters, all of which intercepted pegmatite with visual indications of spodumene mineralization [3][4]. - Notable drill hole results include: - Hole CS25-044 with a continuous intercept of 457.4 meters [4][5]. - Hole CS25-038 encountered 22 spodumene pegmatite intervals, including a 58.9-meter wide interval [5]. - Hole CS25-039 had 13 intervals, with the widest being 108.5 meters [5]. - A total of 46 holes have been drilled to date, amounting to 20,138 meters, with assays pending for the summer campaign [5]. Mineral Resource Potential - The Cisco Project has an Exploration Target estimating potential mineralization of 215 to 329 million tonnes at a grade ranging from 1.0% to 1.38% Li2O, based on the first 40 holes drilled [11][29]. - The mineralized zone spans approximately 1.5 kilometers in northeast-southwest direction, with ongoing drilling aimed at refining the model and defining an initial inferred Mineral Resource estimate [10][20]. Future Plans - The company plans to continue its drilling campaign into the fall and winter, focusing on infill drilling within the main mineralized zone and testing additional outcrop zones [20][30]. - Three drill rigs are currently operational, emphasizing the commitment to advancing the exploration and resource estimation process [5][20]. Company Overview - Q2 Metals Corp. is a Canadian mineral exploration company focused on the Cisco Lithium Project, which consists of 801 claims covering 41,253 hectares in Quebec, Canada [28][29]. - The project is strategically located 6.5 km from the Billy Diamond Highway, facilitating access to infrastructure [28].

Project Overview - The Bendigo-Ophir Gold Project (BOGP) is located in the Central Otago Goldfields of New Zealand [16] - The Rise & Shine (RAS) deposit is a significant gold discovery in New Zealand in 40 years, containing 2.08Moz @ 2.4 g/t Au [23, 25] - The project benefits from existing infrastructure, including easy access, fresh water, low-cost green energy, and a skilled workforce [19, 20] Resource and Reserve Estimates - The combined total resource estimate for the Rise and Shine (RAS) deposit is 2.34Moz @ 2.1 g/t Au [23] - The project has a Probable Ore Reserve of 1.21Moz [23] - The Prefeasibility Study (PFS) plans to extract mineral resources, with approximately 93% within the Indicated Resources category and 7% classified within the Inferred Resources category [8] Financial Outcomes - The project is expected to generate US$4.3 billion in revenue [41, 48] - The project is expected to generate US$2.9 billion in EBITDA [41, 48] - The project is expected to generate US$1.9 billion in free cash after tax [41, 48] - The After-tax NPV is estimated at US$1.1 billion, with an IRR of 72% and a payback period of less than 1.6 years [41, 48] Mining and Processing - The project involves open pit mining for 13+ years, followed by underground mining for an initial 7 years [34, 37] - The open pit mining is expected to extract 11Mt @ 2.75g/t from RAS and 1.4Mt @ 0.68g/t from SRX [34] - The underground mining at RAS is expected to extract 3.7Mt at 2.7g/t [37] - The processing plant has a capacity of 1.2Mtpa, with the option to upgrade to 1.8Mtpa [43, 52] - The metallurgical testing indicates very high gold recoveries at RAS of 93% using conventional CIL processing [55, 56]

Core Viewpoint - Apollo Silver Corp. has announced an updated independent Mineral Resource estimate for its Calico Silver Project, showing significant increases in silver, barite, and zinc resources, enhancing the project's overall value and potential for development [1][4][37]. Mineral Resource Estimate - The 2025 Mineral Resource estimate (MRE) for the Waterloo property indicates a total of 55 million tonnes (Mt) at a grade of 71 grams per tonne (g/t) silver, equating to 125 million troy ounces (Moz) of silver, representing a 61% increase in tonnage and a 14% increase in silver ounces compared to the previous estimate [1][5][6]. - The Inferred category now includes 0.51 Moz of silver in 0.6 Mt at an average grade of 26 g/t [5][37]. - The Langtry property has an Inferred resource of 57 Moz of silver in 24 Mt at an average grade of 73 g/t [5][37]. Additional Resources - The updated resource includes inaugural estimates for barite (2.7 Mt at 7.4% BaSO4) and zinc (354 million pounds at 0.45% Zn) in the Indicated category, with additional Inferred resources of 0.65 Mt BaSO4 and 258 million pounds Zn [6][37]. - Gold resources have increased by 86% in the Inferred category, totaling 0.13 Moz in 17 Mt at a grade of 0.25 g/t [6][37]. Project Development Potential - The Calico Project is noted for its low economic strip ratio of 0.8:1, indicating favorable conditions for extraction [6][8]. - The presence of additional critical minerals such as barite and zinc aligns with U.S. critical mineral lists, enhancing the project's strategic importance [4][6]. - Future exploration is expected to target further mineralization along strike and at depth, particularly for gold and silver [6][8]. Geological Context - The Calico Project is located in San Bernardino County, California, and features a mineralized strike length of approximately 6,000 meters, primarily composed of silver-dominant epithermal vein-type and stockwork-type mineralization [35][36]. - The mineralization at both the Waterloo and Langtry properties is characterized by shallow depths, which supports the potential for economic extraction [8][36]. Management Commentary - The President and CEO of Apollo Silver Corp. emphasized the increasing value, scale, and optionality of the Calico Project, highlighting the potential for further discoveries and the upcoming Preliminary Economic Assessment (PEA) [4].

Core Insights - Apollo Silver Corp. announced an updated independent Mineral Resource estimate for its Calico Silver Project, revealing a 61% increase in Measured & Indicated silver tonnes to 55 million tonnes at a grade of 71 g/t, totaling 125 million troy ounces of silver, which is a 14% increase in silver ounces compared to the previous estimate [1][5][37] - The updated resource includes inaugural estimates for barite and zinc, which are now categorized as critical minerals in the US, enhancing the project's overall value and development potential [4][5][37] Mineral Resource Estimate - The 2025 Mineral Resource Estimate (MRE) for the Waterloo property includes 125 million ounces of silver in 55 million tonnes at an average grade of 71 g/t in the Measured & Indicated categories, and 0.51 million ounces of silver in 0.6 million tonnes at an average grade of 26 g/t in the Inferred category [5][37] - The Langtry property now contains 57 million ounces of silver in 24 million tonnes at an average grade of 73 g/t in the Inferred category [5][37] Additional Mineral Resources - The inaugural estimates for barite and zinc are as follows: - Indicated: 36 million tonnes at 7.4% BaSO4 and 0.45% Zn, totaling 2.7 million tonnes of BaSO4 and 354 million pounds of Zn - Inferred: 17 million tonnes at 3.9% BaSO4 and 0.71% Zn, totaling 0.65 million tonnes of BaSO4 and 258 million pounds of Zn [6][7][37] - Gold resources have increased by 86% in the Inferred category, totaling 0.13 million ounces in 17 million tonnes at a grade of 0.25 g/t [6][7] Economic Viability - The project features a low strip ratio of 0.8:1 for the Waterloo deposit, indicating favorable conditions for economic extraction [6][8] - Sensitivity analyses demonstrate the resilience of the silver resource to changes in metal prices, suggesting a robust economic outlook for the project [6][8] Future Development Plans - The company plans to conduct a Preliminary Economic Assessment (PEA) to further evaluate the project's potential, with a focus on the newly identified critical minerals [4][5] - There is strong potential for further discoveries at Calico, particularly in areas that remain untested under Quaternary cover and along strike [6][8]