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Q2 Metals Announces Final Assays from Winter Drill Program and Initiates on Exploration Target at Cisco Lithium Project
Globenewswire· 2025-06-10 11:05
Core Insights - Q2 Metals Corp. has reported strong assay results from the remaining 10 drill holes of the 2025 Winter Program at the Cisco Lithium Project, indicating significant mineralization potential [3][4][6] Summary by Sections Assay Results - A total of 6,980 meters were drilled over 14 holes during the 2025 Winter Program, with 4,409 meters of results reported from the last 10 holes [4] - Notable intervals include: - CS25-029: 26.5 meters at 1.25% Li2O - CS25-031: 33.9 meters at 1.19% Li2O - CS25-033: 27.3 meters at 1.39% Li2O - CS25-028: 49.4 meters at 1.33% Li2O - CS25-030: 52.7 meters at 0.83% Li2O - CS25-036: 64.3 meters at 1.34% Li2O [5][6] Exploration Target - BBA Engineering Ltd. has been engaged to create an Exploration Target for the Cisco Project, which will provide early guidance on the potential scale and grade of the mineralized zone [6][19] - The Exploration Target aims to conceptualize the potential quantity and grade of the mineral deposit based on geological evidence [19] Ongoing Exploration - A detailed mapping and sampling campaign covering 41,253 hectares of the Cisco Project began in May 2025, with 348 rock samples collected so far [20] - The exploration program will continue through the summer, focusing on areas with anomalous trace-element geochemistry [20] Upcoming Events - Q2 Metals will attend the Fastmarkets 17 Lithium Supply and Battery Raw Materials Conference in Las Vegas from June 23-26, 2025 [22] Company Overview - Q2 Metals is a Canadian mineral exploration company focused on the Cisco Lithium Project, which consists of 801 claims totaling 41,253 hectares [27] - The project is strategically located near key infrastructure, including the Billy Diamond Highway and the Town of Matagami [27]
Critical Metals Corp Releases Additional High-Grade REE Results From Diamond Drilling at Tanbreez in Greenland
GlobeNewswire News Room· 2025-06-09 18:09
Core Viewpoint - Critical Metals Corp has announced exceptional assay results from the Tanbreez Project in Greenland, indicating a significant opportunity to increase the current Maiden Resource Estimate (MRE) of rare earth materials from 225 million tonnes (MT) to an exploration target of 500MT [1][19][30]. Group 1: Assay Results and Resource Estimates - The weighted average grade from the newly released diamond drill hole results is 0.43% Total Rare Earth Oxides (TREO) with 28% Heavy Rare Earth Oxides (HREO) and 1.44% Zirconium Oxide (ZrO2) [9][13]. - The MRE for the Tanbreez Project is approximately 45MT of eudialyte containing 0.38% TREO, including 27% HREO, along with 180MT of industrial mineral by-products [1][30]. - The deep diamond drill holes have confirmed mineralization grades ranging from 0.33% to 0.51% TREO, with the potential for further resource upgrades [13][19][23]. Group 2: Drilling Plans and Operations - The company has applied for a Program of Works for the 2025 resource drilling program to upgrade the Inferred Resource to Indicated Resource category and extend the size of the Tanbreez Fjord and Hill Zone Deposits [2]. - The first stage of the drilling program will target the Fjord Deposit, while the second stage will focus on the Hill Zone Deposit, with planned depths of 60m to 150m [4][6][5]. - The company is currently re-assaying historical samples to confirm and reconcile assay results, with updates expected soon [3][7]. Group 3: Strategic Positioning and Future Outlook - The Tanbreez Project is strategically positioned to advance development plans, with ongoing exploration and fieldwork to deepen understanding of the asset's potential [1][19]. - The company holds a 42% interest in the Tanbreez Project, with the right to increase this to 92.5%, indicating strong control over the resource [1]. - The project is expected to play a crucial role in supplying critical minerals essential for electrification and next-generation technologies in Europe and its partners [38][39].
Change In Australian Shareholder Registry Services
Globenewswire· 2025-03-28 13:11
Company Overview - Novo Resources Corp. is an Australian-based gold explorer listed on the ASX and TSX, focused on discovering standalone gold projects with over 1 million ounces (Moz) development potential [4] - The company has a significant land package covering approximately 5,500 square kilometers in the Pilbara region of Western Australia, along with the 22 square kilometer Belltopper project in Victoria, Australia [4] Recent Developments - As of March 31, 2025, Novo has changed its shareholder registry services provider from MUFG Pension & Market Services to Automic Pty Ltd, enhancing shareholder management through Automic's secure online investor portal [1][2] - Novo has formed a lithium joint venture with SQM in the Pilbara, providing shareholders exposure to battery metals [6] Key Projects - The Egina Gold Camp is a key project area where De Grey Mining is farming-in to form a joint venture at the Becher Project, with an exploration expenditure of A$25 million over four years for a 50% interest [5] - Novo is advancing gold exploration south of Becher in the Egina Gold Camp, part of the Croydon joint venture (Novo 70%: Creasy Group 30%) [5] - Recently, Novo has added the TechGen John Bull Gold Project and the Manhattan Tibooburra Gold Project to its portfolio, both demonstrating significant discovery potential and aligning with the company's strategy [7] Exploration Targets - Novo has defined an exploration target with a tonnage range of 1.5 million tonnes (Mt) to 2.1 Mt, a grade range of 6.6 grams per tonne (g/t) to 8.4 g/t gold, and an ounces range from 320,000 ounces (koz) to 570 koz [9]