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Viva Gold Increases Land Position at its Tonopah Gold Project in Nevada
Thenewswire· 2026-02-11 12:00
Core Viewpoint - Viva Gold Corp has made significant progress in advancing its Tonopah Gold Project by staking additional mineral claims and commencing a field program for further exploration and drilling [1][2][3] Group 1: Project Development - The company has staked 36 unpatented mineral lode claims covering approximately 720 acres (291 hectares) near Tonopah, Nevada, identified as highly prospective for gold exploration [1] - A field program has been initiated to conduct an additional 14,000 meters of CSAMT geophysical survey to map subsurface resistivity related to gold deposition [2] - Approval has been received for 23 new drill sites in and around the PEA design pit area, with drilling expected to commence later this month [2] Group 2: Management and Strategy - President and CEO Jim Hesketh emphasized the acceleration of the Tonopah Gold Project towards permitting and development, highlighting Nevada as a premier mining jurisdiction [3] - The company aims to convert remaining high-grade inferred mineral resources to measured and indicated categories in preparation for feasibility studies [2][3] - Viva Gold is committed to environmentally and socially responsible development, aligning with management's core values [3] Group 3: Company Overview - Viva Gold controls a significant land position on the Walker Lane Trend in Western Nevada and has developed a high confidence level gold mineral resource [3] - The company has approximately 172 million shares outstanding and is supported by several institutional shareholders [5] - The management team, led by CEO James Hesketh, has extensive experience in mining, having developed and constructed multiple mines globally [4]
GFG Expands Aljo Gold System 150 m East with Step-Out Results of 7.23 g/t Au over 2.0 m as Discovery-Driven Exploration Advances Across Goldarm
Globenewswire· 2026-02-10 11:50
Core Insights - GFG Resources Inc. has reported significant results from the final two drill holes of its Phase 2-2025 drill program at the Aljo Gold Project, indicating that gold mineralization extends beyond the known limits of the historic Aljo Gold Mine [1][2][4] Phase 2-2025 Program Overview - The Phase 2-2025 drill program aimed to confirm and expand gold mineralization across the Main, HW, and Footwall Zones, with successful infill and step-out drilling confirming continuity and expanding mineralization at depth [5][12] - New drill results from holes ALJ-25-037 and ALJ-25-038 demonstrate strong grade and structural continuity, expanding the Aljo gold system significantly [12][13] Drill Results - Hole ALJ-25-037 returned 1.23 g/t Au over 16.0 m, including a higher-grade core of 7.23 g/t Au over 2.0 m, marking the first significant high-grade gold mineralization in the HW Zone east of the diabase dyke [8][9] - Hole ALJ-25-038 intersected multiple stacked intervals, including 2.23 g/t Au over 5.3 m, confirming the extension of the Main Zone east of historical mine workings [11][12] System Growth and Future Plans - The results from the recent drilling support further expansion of the Aljo gold system, with plans for an aggressive follow-up drill program of over 6,000 m in 2026 [4][9] - The company is also advancing a district-scale exploration strategy across its Goldarm portfolio, including a 90-hole sonic drilling program and a 2,500 m diamond drilling campaign targeting priority corridors [15][20] Strategic Outlook - GFG's exploration strategy for 2026 reflects a commitment to capital deployment in the ground, leveraging its district-scale land position, and advancing multiple discovery opportunities in the Timmins Gold District [22][32] - The company is well-financed to execute its exploration plans, aiming for both near-term growth at Aljo and new discovery potential across the broader Goldarm and Pen properties [16][22]
Delta Reports New Gold Intercept at Nova Target in Wedge Area, 4 Kilometres West of Eureka; Follow-Up Drill Program Underway
TMX Newsfile· 2026-02-04 12:37
Core Insights - Delta Resources Limited has discovered a potential new gold zone in the Wedge area, approximately 4 kilometers west of the Eureka Gold Deposit in Thunder Bay, Ontario [1] - The company has initiated a follow-up drill program of 1,400 meters at its flagship Delta-1 Property, which is located about 50 kilometers west of Thunder Bay [1] Drill Program Highlights - The recent drill program consisted of 26 holes totaling 5,237 meters [5] - Notable assay results include a new gold intercept in hole D1-25-153 at the Nova target, returning 1.11 g/t Au over 10.3 meters [5] - Confirmation of gold mineralization at the Wedge Zone was achieved in hole D1-25-152, which yielded 0.23 g/t Au over 7 meters [5] Geological Insights - The Wedge area has shown a strong gold anomaly, with mineralization occurring in at least two distinct styles, indicating a complex gold system [8] - The previously identified Wedge Zone has been verified through multiple surface sampling programs, with significant potential for extension along-strike [9] - A new style of mineralization associated with massive pyrite lenses was observed in drill hole D1-25-153, corresponding with a 500-meter long VTEM anomaly [12] Future Exploration Plans - The follow-up drilling will focus on expanding the footprint of the Wedge Zone, testing the extent of gold-bearing massive pyrite lenses, and drill testing the Kaspar Target [14] - The strategic location of the Delta-1 property near Thunder Bay enhances the project's economic viability, supported by positive results from neighboring projects [4] Company Background - Delta Resources is a Canadian mineral exploration and project development company focused on the Delta-1 project, which features a large, near-surface gold deposit extending 2.5 kilometers in strike length [24] - The property covers 297 square kilometers and contains multiple corridors of intense alteration and deformation, many of which remain under-explored [25]
Near Surface Intersection Yields 6.58 g/t gold over 10.35 metres 
Globenewswire· 2026-02-04 12:00
Core Viewpoint - McFarlane Lake Mining Limited announced promising results from its exploration drilling at the Juby Gold Project, indicating high-grade gold mineralization and plans for increased drilling efforts to further explore the area [1][5][21]. Exploration Results - Drill hole JU8-26-142 intersected 6.58 g/t gold over 10.35 metres, within a broader intersection of 3.32 g/t gold over 22.35 metres [5][12]. - The drilling results show a continuation of high-grade gold concentration towards the southwest, with the system remaining open along strike [5][12]. - The company plans to increase drilling in the '826' zone by an additional 400 metres, bringing the total to approximately 1,000 metres of additional drilling [5][12]. Drilling Program - The current drilling program has been expanded to include a total of approximately 1,600 metres in the '826' zone, with additional holes planned to explore further along strike [5][12]. - The '826' zone is located approximately 1,400 to 1,500 metres from the existing Juby deposit, which has seen limited exploration drilling [5][12]. Geological Insights - The mineralization in hole JU8-26-142 is characterized by a brittle-ductile shear zone within Archean conglomerate, with significant alteration and the presence of pyrite [13]. - Gold grades correlate with the intensity of sulphide mineralization and alteration, indicating a complex geological environment conducive to gold deposition [13]. Company Overview - McFarlane Lake Mining Limited is focused on advancing its Juby Gold Project, which has a current NI 43-101 compliant Mineral Resource Estimate of 1.01 million ounces of gold in the Indicated category and 3.17 million ounces in the Inferred category [21][22]. - The company holds a portfolio of 100%-owned gold assets across Ontario, including past-producing mines and other properties [25].
Stellar AfricaGold - District-Scale Soil Sampling Defines First Gold Exploration Target At Zuenoula, Cote D'ivoire
Thenewswire· 2026-02-04 12:00
Core Insights - Stellar AfricaGold Inc. has provided an update on the exploration progress at the Zuénoula Gold Project in Côte d'Ivoire, highlighting the establishment of a significant gold exploration target through district-scale soil sampling [2][3]. Exploration Progress - A 1 km by 1 km soil sampling has defined the first gold exploration target on the Zuénoula project [2]. - Initial sampling has identified a gold anomalous cluster within a NE-trending magnetic feature, indicating potential mineralization [4][5]. - Field sampling commenced on January 10, 2026, with 200 out of the planned 320 soil samples collected and 124 assayed [5][35]. - A second sampling crew is being mobilized to enhance sampling capacity [2][3]. Joint Venture Details - The Zuénoula Gold Project is a joint venture between Stellar's Ivorian subsidiary Aucrest SARL and MetalsGrove Mining Ltd, with MetalsGrove able to earn up to a 50% interest by incurring US$3 million in exploration expenditures and up to 80% by spending US$6 million [3][19]. - The project covers an area of 395.78 square kilometers and is strategically located along the Abujar–Napie gold trend within the Oumé–Fetekro Birimian greenstone belt [30]. Management Commentary - Stellar's President and CEO expressed satisfaction with the rapid commencement of exploration and early indications of gold in soil sampling [3]. - MetalsGrove's CEO highlighted the efficiency of the PortablePPB assay technology, which has expedited the analysis process [3]. Geological Context - The Zuénoula permit is situated in a region with favorable geological characteristics, including mixed volcanic and metasediment lithological sequences, which are strong indicators of gold discovery potential [3][30]. - The area is part of the world's largest Proterozoic gold-producing region, with Côte d'Ivoire containing 35% of the Birimian Group rocks that host multiple multi-million-ounce gold deposits [30].
Alpha Announces Second Batch of 2025 Drill Results, Including 10 Metres Grading 3.12 g/t Gold, from the Aburna Gold Project
TMX Newsfile· 2026-02-04 09:24
Core Insights - Alpha Exploration Ltd. has announced new drilling results from the Aburna Gold Project, indicating significant gold mineralization and potential for further discoveries [1][3][4] Drilling Results - The recent drilling program included 807 metres of Reverse Circulation (RC) and 652.80 metres of diamond core (DC) drilling [5] - Drillhole ABRD189 returned an intercept of 3.12 g/t gold over 10 metres, with notable zones of 4.08 g/t and 4.82 g/t gold [6][9] - Drillhole ABD026 showed multiple significant gold mineralization zones, including 3.60 g/t gold over 5 metres and 16.61 g/t gold over 1 metre [12][20] Exploration Potential - Approximately 80% of the 7 km long Aburna gold trend remains untested, with 90% of the current gold mineralization found at depths of less than 120 metres [4][9] - The company is focusing on increasing geological understanding to identify higher-grade trends and priority targets for further exploration [4][3] Company Overview - Alpha Exploration Ltd. is advancing several gold and base metal discoveries across its 100% owned 514 km² Kerkasha Project in Eritrea [27] - The Aburna Gold Prospect has shown high-grade mineralization with previous drilling results including 18m @ 15.33 g/t Au and 16m @ 14.07 g/t Au [27]
First Lithium Announces New Gold Discovery up to 2.34 g/t and Additional Claims Staking at Lidstone Project
TMX Newsfile· 2026-02-03 11:00
Core Insights - First Lithium Minerals Corp. announced the results of its 2025 field exploration program at the Lidstone project, which is a continuation of the 2024 exploration program that identified a gold anomaly [1][9] Exploration Results - The 2024 exploration revealed potential for gold mineralization with a sample from a quartz vein returning 0.272 g/t Au [2] - In the 2025 program, a total of 229 samples were collected, including 102 quartz veins, 112 metavolcanic-metasedimentary rocks, 7 granitic rocks, and 8 mafic-ultramafic intrusive rocks [3] - Out of 225 samples analyzed, twelve samples returned anomalous gold values between 0.01-0.05 g/t Au, with one sample (F570631) returning a high grade of 2.34 g/t Au [3][4] Geological Context - The high-grade gold discovery sample F570631 was taken from an outcrop with 80% sugary quartz and fine-grained pyrite [4] - The samples with anomalous gold values are located near the interpreted granite-greenstone contact, hosted within metavolcanic and metasedimentary rocks [4] Project Expansion - Following the new gold discovery, the company staked additional mining claims, increasing the total area of the Lidstone project to 16,238 hectares [8] - The Lidstone project is situated in a region with limited historical exploration, making it a promising target for future gold exploration [9][15] Future Plans - The company plans to conduct a higher resolution airborne magnetic survey and additional fieldwork in 2026 to define drill-ready targets by Q4 2026 [9]
Metals Creek Provides Exploration Update for Ogden 2026
TMX Newsfile· 2026-01-27 13:01
Core Viewpoint - Metals Creek Resources Corp. is preparing for a drill program at the Ogden Gold Project in Q1 2026, with full funding secured for the initiative [2][3]. Group 1: Exploration Update - The upcoming drill program will target the Thomas Ogden Zone and Porphyry Hill, with the last drilling conducted in 2022 [2]. - The Ogden Gold Project is a 50/50 Joint Venture with Discovery Silver Corp., with Metals Creek acting as the operator [3]. - Recent drilling highlights from 2022 include significant intercepts such as 1.13 grams per tonne (g/t) gold over 12.14 meters and 12.3 g/t gold over 1.05 meters [3][4]. Group 2: Geological Insights - A structural analysis is nearing completion, focusing on the orientation of gold-bearing quartz veins and the plunge of fold structures that influence gold deposition [5]. - The Ogden Gold Project is situated within the Timmins Gold Camp, featuring over 8 kilometers of strike length along the Porcupine-Destor Break, a key area for gold mineralization [8]. - Six mineralization zones have been identified, with significant past drilling results including 210.19 g/t gold over 12.53 meters and 9.24 g/t gold over 6.61 meters [8]. Group 3: Exploration Potential - The Ogden Property hosts an Exploration Target at Naybob South, estimated at 750,000 to 1,000,000 tonnes with grades between 3.5 to 4.5 g/t gold [9]. - The project was acquired in November 2008 through a Joint Venture Agreement with Goldcorp, now Discovery Silver [8][11].
Cassiar Gold Intersects New Quartz Veining with Visible Gold, Significantly Extends Mineralized Trend at Newcoast Regional Prospect, and Initiates Evaluation of Mill Refurbishment, Tailings Monetization and High-Grade Strategy
TMX Newsfile· 2026-01-23 12:00
Core Insights - Cassiar Gold Corp. has announced the results of its 2025 exploration program at the Cassiar Gold project, highlighting the discovery of a new higher-grade, visible gold-bearing structure and the extension of known mineralization at the Newcoast prospect [1][3][22] Exploration Results - The 2025 drill program consisted of 7,308 meters across 20 drill holes, with the final results from 5,243 meters over eleven holes reported [1][8] - All drill holes at Newcoast encountered broad intercepts of mineralization above 0.4 grams per tonne (g/t) gold, successfully expanding a previously identified mineralized zone [2][8] - Significant intercepts include: - Drill hole 25NC-017: 15.7 meters of 3.80 g/t Au, including 176.50 g/t Au over 0.3 meters [4][10] - Drill hole 25NC-019: 22.5 meters of 3.52 g/t Au, including 42.41 g/t Au over 1.6 meters [18][22] - Drill hole 25NC-010: 89.2 meters of 0.71 g/t Au, including 43.5 meters of 1.12 g/t Au [4][18] Project Potential - The Newcoast prospect is located approximately 2 kilometers southeast of the Taurus deposit and hosts numerous gold-bearing quartz veins over a lateral extent of 4 kilometers [7][31] - The results reinforce the belief that the Cassiar Gold property has considerable untapped regional potential, particularly in light of record gold prices [3][22] - The company plans to broaden its exploration focus in 2026, integrating the outcomes of the 2025 program into future planning [3][22] Corporate Developments - Metallurgical work for the Taurus deposit is currently underway, with results pending [25] - The company is preparing to assess unmined higher-grade mineralization associated with past-producing small-scale vein systems at the Cassiar South project area [25][31] - Historical underground mines in the Cassiar South area have produced approximately 315,000 ounces of gold at average head grades between 10 and 20 g/t [25][32]
Early Drilling Extends Gold Mineralization
Globenewswire· 2026-01-22 12:35
Core Insights - McFarlane Lake Mining Limited has reported early success in its exploration campaign at the Juby Gold Project, indicating promising gold mineralization [1][12] Exploration Results - The "826 Zone" gold mineralization has been extended by 80 meters, with unsampled previously drilled core returning 7.2 g/t gold over 1.2 meters [3][4] - Drill hole JU826-142 logged 20 occurrences of visible gold over an 11-meter interval starting at 33 meters below the surface, with assays pending [4] - Drill hole JU826-141 intersected near-surface gold mineralization, returning 2.09 g/t Au over 4.17 meters within a broader interval of 0.70 g/t Au over 28.17 meters [4][9] Additional Drilling Plans - In response to early drilling results, the company has approved an additional 500 to 600 meters of drilling to further define the 826 Zone [4][12] - The next phase of drilling will focus on the Golden Lake and Juby zones, targeting mineralization expansion at depth [13] Historical Data Utilization - The company is assaying previously unsampled drill core from 2003 to 2011, with key results including 0.65 g/t Au over 4.75 meters and 0.77 g/t Au over 3.69 meters [4][10] Resource Estimates - The Juby Gold Project hosts a current NI 43-101 compliant Mineral Resource Estimate of 1.01 million ounces of gold in the Indicated category at an average grade of 0.98 g/t gold, and an additional 3.17 million ounces in the Inferred category at an average grade of 0.89 g/t gold [19][20] - A sensitivity analysis at a higher gold price of US$3,750 per ounce resulted in an Indicated Mineral Resource of 1.20 million ounces grading 0.94 g/t gold [20]