Gold exploration
Search documents
Miata Metals Expands Near-Surface Gold System at Jons Trend with 27 m of 1.45 g/t gold and 16.5 m of 1.72 g/t Gold and Defines Three Mineralized Zones
Globenewswire· 2025-10-15 12:00
Core Insights - Miata Metals Corp. has reported strong drill results from the Jons Trend Zone at its Sela Creek Gold Project in Suriname, indicating a large, continuous, and shallow dipping mineralized system [1][2][4] Drilling Results - Drilling results from holes 25DDH-SEL-034 to 36 confirm multiple stacked zones of gold mineralization, reinforcing the potential for an open pit target [2][4] - Hole 25DDH-SEL-036 yielded 27.0 m at 1.45 g/t gold, including 12.0 m at 2.05 g/t gold, demonstrating strong continuity and thickness of mineralization [7][13] - Hole 25DDH-SEL-034 cut a shallow mineralized vein zone grading 16.5 m at 1.72 g/t gold, including a high-grade core of 6.0 m at 2.99 g/t gold [12][13] Future Plans - The company plans to conduct an additional 3,000 m of drilling at Jons Trend before the end of 2025 to further define the size, scale, and geometry of the expanding gold system [6][8] - The drilling will focus on both the down-plunge projection and the full strike length of Jons Trend, with assays pending from seven additional holes [6][8] Technical Insights - The main lode at Jons Trend is a 25-35 m thick zone of continuous mineralization, with indications of additional parallel and stacked zones [5] - The geological data from the drilling results is expected to improve targeting at adjacent prospective targets [8] Company Overview - Miata Metals Corp. is a Canadian mineral exploration company focused on the acquisition, exploration, and development of mineral properties, holding a 70% interest in the Sela Creek Gold Project [23]
Exploits Launches High-Resolution Detailed Geophysics at Québec Gold Projects
Newsfile· 2025-10-08 10:00
Core Insights - Exploits Discovery Corp. has initiated high-resolution drone magnetic and VLF-EM surveys at its Fenton and Wilson gold projects in Québec to identify new areas of interest and enhance understanding of existing high-grade gold zones [1][2] - The results from these surveys will inform the design of a winter drill program aimed at expanding known resources and exploring new gold mineralization zones [1][2] Survey Details - The magnetic survey will cover 270 line kilometers at Fenton and 700 line kilometers at Wilson, while the VLF-EM survey will cover 135 line kilometers at Fenton and 350 line kilometers at Wilson [2] - The surveys will utilize 50-meter line spacing at an altitude of 35 to 40 meters above the surface for high-resolution data collection [5] Financial Position - Following the sale of its Newfoundland properties to New Found Gold Corp. for up to 3,547,100 shares at a price of $2.48 per share (approximately $8.8 million), the company will have over $10 million in cash and cash equivalents with no debt [2][16] - The company plans to use its financial resources to advance its projects in Québec and Ontario and pursue additional opportunities in mining-friendly jurisdictions [16] Project Overview - The Fenton project consists of 18 contiguous claims covering approximately 760.7 hectares, with a historical mineral resource estimate of 426,173 tonnes grading 4.66 g/t gold, totaling 63,885 ounces of gold [3][4] - The Wilson project comprises 42 contiguous claims covering 1,660 hectares, hosting multiple gold-bearing zones, including the high-grade Toussaint showing with a historical estimate of 187,706 tonnes at 7.1 g/t gold, totaling approximately 42,850 ounces of gold [8][9] Exploration Strategy - The company aims to map structural controls on gold mineralization and identify high-priority drill targets across both properties, which will significantly benefit the upcoming winter drilling programs [2][16] - The exploration strategy focuses on systematic exploration and partnerships to create shareholder value through discovery and resource growth [18]
Rocky Shore Gold Closes Final Tranche of Oversubscribed Non-Brokered Private Placement
Globenewswire· 2025-10-07 21:36
Core Points - Rocky Shore Gold Ltd. has successfully closed the third and final tranche of its non-brokered private placement, raising gross proceeds of $503,500 [1] - The total proceeds from the full offering amount to $2.5 million, with 31,530,000 units and 18,470,000 flow-through shares issued [1][3] - The funds will be utilized for ongoing exploration at the Gold Anchor Project, specifically for an inaugural drill program at the Lane Pond Gold Target [2][3] Financial Details - The final tranche involved the issuance of 6,750,000 units at C$0.05 per unit, each consisting of one common share and one-half of a common share purchase warrant [1] - Additionally, 3,320,000 flow-through shares were issued at the same price of C$0.05 [1] - The total number of units and flow-through shares sold in the full offering reflects significant investor interest and support [1][2] Project Focus - The Lane Pond Gold Target is located within the Appleton Fault Corridor, an area known for hosting gold resources and high-grade discoveries [2] - The Gold Anchor Project is strategically positioned in central Newfoundland, which is recognized as one of Canada's most promising gold exploration regions [6] - The project encompasses over 1,200 square kilometers and includes numerous gold-bearing faults, enhancing its exploration potential [6] Additional Information - The company has issued 289,200 finder's warrants to eligible finders, which are exercisable at $0.05 until April 7, 2027 [4] - All securities issued are subject to a statutory hold period expiring on February 8, 2026 [5] - The company acknowledges financial support from the 2025 Junior Exploration Assistance Program by the Government of Newfoundland and Labrador [7]
Auranova Resources and Kenorland Minerals Commence 2025 Fall Drill Program at the South Uchi Project, Ontario
Newsfile· 2025-10-07 12:30
Core Insights - Auranova Resources has commenced the Phase 2 diamond drill program at the South Uchi Project in Ontario, in collaboration with Kenorland Minerals [1][2] - The Fall 2025 exploration program includes up to 6,000 meters of drilling across 13 drill holes at the Papaonga target area, aiming to expand on previously discovered gold-bearing structures [2][6] - The current drill program focuses on defining the geometry and continuity of mineralization within a structural corridor, with follow-up holes surrounding a previously successful drill hole [3][6] Company Overview - Auranova Resources is focused on discovering new gold systems in the Birch Uchi Belt and expanding its presence in Ontario's greenstone belts, in partnership with Kenorland Minerals [16] - The South Uchi Project was identified for its potential to host significant gold mineralized systems, covering a region with favorable geological conditions for orogenic gold mineralization [9][12] - Auranova has earned a 51% interest in the South Uchi Project through cash payments and drilling commitments, with the potential to increase its stake to 70% [10][13] Exploration Details - The Phase 2 drill program is a follow-up to a successful maiden drill program completed earlier in 2025, which identified a strongly mineralized shear zone [2][7] - The drilling strategy includes tighter step-outs around previously successful drill holes and broader spaced step-outs to test for lateral extensions of gold-bearing structures [3][6] - The exploration team is preparing to drill other significant targets identified in the maiden drill program during the winter after freeze-up [7]
Galway Metals Intersects Thickest Gold Interval at Clarence Stream to Date: 1.1 g/t Gold over 88.0 Meters
Accessnewswire· 2025-10-06 21:00
TORONTO, ON / ACCESS Newswire / October 6, 2025 / Galway Metals Inc. (TSX-V:GWM)(OTCQB:GAYMF) (the "Company" or "Galway") is pleased to report drill results for two diamond drill holes at the Southwest Deposit within its 100%-owned flagship Clarence Stream gold project in New Brunswick, Canada. Clarence Stream host district-scale potential along a 65-kilometre strike length of highly prospective gold showings and anomalies; and a 2022 MRE of 12.4 Mt @ 2.3 g/t Au Indicated for 922,000 oz. ...
Aquitaine Metals Drills Broad High-Grade Gold Mineralization: 16.45 g/t gold over 20.00 metres at Limousin Project
Newsfile· 2025-10-06 13:00
Core Insights - Aquitaine Metals Corp. has announced promising initial drill results from its 2025 Phase 1 drill program at the Limousin gold and critical metal project in France, highlighting high-grade gold mineralization [1][6][30] Results and Program Progress - The drilling program is focused on multiple targets along the Laurieras fault structure, with drilling having commenced in February 2025 and expected to continue into autumn [4][6] - The first seven drill holes confirmed high-grade gold mineralization within a broad hydrothermal envelope, with the best result being 16.45 g/t gold over 20.00 metres [6][10] - Significant intercepts include 10.25 g/t gold over 5.50 metres and deeper drilling has confirmed potential for significant gold mineralization beyond historical mining depths [6][10] - The drill program consists of 44 planned holes totaling 8,800 metres, with 22 holes completed so far [6][8] Historical Context - The Limousin project area has a rich mining history, with COGEMA having produced approximately 1 million ounces of gold from 1988 to 2002, with average underground production grades of 12 to 15 g/t gold [30][41] - The project encompasses 330 square kilometres of exploration licenses, including 23 past-producing gold mines and over 900 ancient high-grade gold mining sites [30][41] Company Vision and Commitment - Aquitaine Metals Corp. aims to revive potentially world-class mining projects with economic and strategic importance to France, emphasizing sustainable exploration and good stewardship of land [30][31]
Melkior Announces Follow-Up Drilling on the Bonanza Gold Intersection at 1010 Zone with 77.40 g/t gold over 6.90 meters at the Carscallen Gold Property
Thenewswire· 2025-10-06 11:00
Core Viewpoint - Melkior Resources Inc. is set to initiate a follow-up exploration drill program at the Carscallen Gold Property, focusing on expanding gold mineralization in the 1010 Zone and exploring new opportunities at the Northwest Prospect, located approximately 25 kilometers west of Timmins [1][2]. Exploration Program Highlights - The upcoming drill program will consist of 6 holes totaling approximately 1,725 meters, targeting the NNW-SSE trend and the 1010 Zone structural corridor [1]. - The 1010 structural-mineralized corridor has the potential to extend over 1,500 meters in length, similar to the Zamzam-Jowsey-Shenkman Zone, and aims to test high-grade ore shoots at depth [2]. The 1010 Gold Zone - The 1010 gold zone features multiple shear-hosted quartz-sulphide veins, with significant gold mineralization often steeply dipping and reaching over 500 meters in length [3]. - Recent surface exploration is focused on expanding gold-bearing mineralization outside the main zones, with additional high-grade ore shoots identified [4]. Northwest Zone - The Northwest Zone, located about 500 meters north of the 1010 gold showings, is characterized by gold-in-soil anomalies and geophysical signatures similar to known mineralized zones [5]. - Two shallow drill holes are planned to assess the gold mineralization potential in this unexplored area [5]. Significant Historical Intercepts - Notable historical intercepts from the Zamzam and Shenkman Zones include: - CAR-19-03A: 23.5 g/t Au over 8 meters - CAR-20-05: 25.7 g/t Au over 6 meters - CAR-71-2011: 5.1 g/t Au over 13.25 meters [6]. Drill Permit Status - The drill permit application for the proposed drilling has been submitted to the Ontario Government and is currently awaiting approval [6].
Austin Gold Advances U.S. Exploration with New Geophysics and Drilling Plans
Newsfile· 2025-10-01 12:00
Core Viewpoint - Austin Gold Corp. is advancing its exploration activities at the Stockade Mountain Project in Oregon and the Lone Mountain Project in Nevada, with new geophysical and drilling plans aimed at enhancing gold discovery potential [2][3]. Project Update - At the Stockade Mountain Project, a review of a historical gradient-array IP-resistivity survey indicated it was inadequate for imaging vein-hosting structures at target depths of 200-300 meters. A Controlled Source Audio-frequency Magnetotellurics (CSAMT) survey has been designed to improve imaging of these structures, expected to be completed in 2025, subject to conditions [3][8]. - The reverse circulation drilling program planned for 2025 has been deferred to 2026 to incorporate CSAMT results into drill targeting [3]. - The Company has received permission to drill a water well for exploration drilling, with plans to commence in Q4 2025 [4]. - At the Lone Mountain Project, exploration continues with geological mapping, geochemical sampling, and gravity geophysics [4][8]. Soil and Sampling Results - A soil and stream sediment sampling program was completed, consisting of 2,027 soil and 122 stream sediment samples. Analysis revealed unusual patterns in elements not typically associated with Carlin-type gold deposits [5][6]. - Re-assay results showed minimal overall change in elements useful for targeting Carlin-type gold deposits, but significant enrichments of arsenic, antimony, and thallium were found, associated with gold anomalies in soils up to 0.128 g/t [6][8]. - Despite significant historical exploration at Lone Mountain, large areas remain untested or minimally tested by drilling [7]. Corporate Update - On September 26, 2025, the Company entered a marketing agreement with i2i Marketing Group, LLC, for marketing services aimed at increasing investor awareness. The agreement has an initial term of two months at a cost of $250,000, with no securities issued as compensation [9].
Trident Resources Initiates Exploration Program at Greywacke and Hailstone Properties in Saskatchewan
Globenewswire· 2025-10-01 07:05
Core Insights - Trident Resources Corp. is launching a geological mapping and geochemical sampling program at its Greywacke and Hailstone properties in Saskatchewan to identify and expand known gold showings for future drill targeting [1][2] - The La Ronge Gold Belt is highlighted as an underexplored area with significant potential for multi-million-ounce gold deposits, particularly at the Greywacke property [3][10] Exploration Program - The upcoming field program will primarily focus on the Greywacke Property, which contains a historical mineral resource estimate from 2021 [2] - The Greywacke Gold Deposit extends several kilometers and includes known showings such as Lyons Zone, Hoover Lake, Wasp Lake, and Closure Lake [2][4] - Initial work will also commence at the Hailstone Property, for which the company has signed an option agreement to acquire a 100% interest [2] Geological Details - The Greywacke Lake Gold Project is located approximately 88 km northeast of La Ronge and covers 16,078 hectares [4] - The project area consists of three sub-parallel zones along a 7 km mineralization trend, with the Greywacke North Gold Deposit located in the North Zone [4] - Significant mineralized targets along the Wacke trend include Closure Lake and Lyons Zone Showings, which are hosted by the same geological unit as the Greywacke North Deposit [4][5] Resource Estimates - The Greywacke North Deposit has a historical mineral resource estimate of 101,000 ounces of gold at 4.90 g/t (Indicated) and 54,000 ounces at 4.24 g/t (Inferred) [7][8] - Other showings such as the Hoover Gold Showing and Wasp Lake Showing also contain visible gold and are geologically similar to the Greywacke North Deposit [5][6] Company Position - The company has expanded its initial drill program at the Contact Lake Gold Project from 5,000 meters to over 6,500 meters due to promising early visuals of mineralization [3] - Trident Resources is fully funded with over C$12.5 million in its treasury, indicating strong financial backing for its exploration activities [3]
AngloGold Ashanti to commence drilling at Organullo Gold Project
Yahoo Finance· 2025-09-30 12:45
Core Insights - AngloGold Argentina Exploraciones plans to initiate drilling at the Organullo Gold Project in Salta Province, Argentina, with an option for AngloGold Ashanti to earn up to an 80% interest in the project [1] - The Phase I drilling program will consist of 10 drill holes and approximately 6,000 meters, with first results expected in Q1 2026 [1] - The project is considered a high-priority exploration target for AngloGold Ashanti, aiming for a multi-million-ounce, Tier 1 discovery [1] Company Developments - Keith Henderson, President & CEO of Latin Metals, highlighted the significance of the Organullo project as a compelling untested gold exploration target in South America [1] - The drilling phase represents a significant milestone for both the project and Latin Metals shareholders [1] - The initial testing will focus on three previously unexplored advanced argillic alteration zones along a 6 km-long strike length [1] Technical Insights - The project is supported by district-scale geophysical anomalies, structural interpretation, surface geochemical data, and hyperspectral data, indicating potential for gold mineralization discovery [1] - AngloGold Ashanti is using Salares Norte as a technical analogy for targeting the discovery [1]