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OTC Markets Group Welcomes 1911 Gold Corporation to OTCQX
Globenewswire· 2025-12-16 12:00
Core Viewpoint - 1911 Gold Corporation has successfully upgraded to the OTCQX Best Market, enhancing its visibility and credibility among U.S. investors as it progresses towards a mine restart in 2027 [1][4]. Company Overview - 1911 Gold Corporation is an advanced gold explorer and developer focused on its 100%-owned True North Gold Project located in the Archean Rice Lake Greenstone Belt in Manitoba, Canada [5]. - The company controls a substantial land package of approximately 62,000 hectares, which includes several past-producing gold operations within trucking distance of the True North mine and mill complex [5]. - The strategy involves building a district-scale gold mining operation supported by centralized and expandable infrastructure, aiming for a socially and environmentally responsible long-term mining operation with minimal development risk [5]. Market Position - The OTCQX Market is designed for established, investor-focused companies, requiring them to meet high financial standards and adhere to best practice corporate governance [3]. - Graduating to the OTCQX Market from the OTCQB Venture Market is a significant milestone for companies, allowing them to demonstrate qualifications and increase visibility among U.S. investors [3]. Future Outlook - The company aims to restart operations at the True North Gold Project in 2027, presenting a unique near-term production opportunity with significant exploration potential [5]. - The President & CEO of 1911 Gold expressed optimism about the upgrade to OTCQX, highlighting the opportunity for investors to engage in the company's growth story [4]. Community Engagement - 1911 Gold's operations are located within the First Nation communities of the Hollow Water First Nation and the Black River First Nation, and the company is committed to maintaining open and respectful communication with local communities and stakeholders [6].
Astral Resources reports strong Mandilla gold hits - ICYMI
Proactiveinvestors NA· 2025-11-21 08:02
Core Insights - Astral Resources NL has reported high-grade gold results from the Theia deposit at the Mandilla Gold Project in Western Australia, indicating strong potential for the project [1][6][7] - The company is focused on de-risking the stage one open-pit development, with expectations of significant cash flow upon commencement of operations in a favorable gold price environment [2][8] Drilling Results - Recent assays from Theia deposit include notable intercepts: 18.00 metres at 6.70 grams per tonne (g/t), 39.00 metres at 3.00 g/t, and 19.00 metres at 3.80 g/t [1][7] - A new exploration target, Theia West, has shown promising early results with initial drilling returning 1.00 metre at 24.00 g/t and 3.00 metres at 4.00 g/t, including 1.00 metre at 10.00 g/t [3][9] Exploration Potential - The mineralized structure at Theia West may extend over two kilometers, suggesting a significant exploration corridor [4][10] - Parallel drilling activities are ongoing at the Kamperman deposit, targeting high-grade zones, while diamond drilling at Theia has intersected known mineralization [4][12] Future Expectations - Remaining infill results and initial diamond assays are anticipated before the end of the year, with lab turnaround times of two to three weeks [5][13] - The company is optimistic about additional high-grade mineralization being demonstrated in upcoming results [11][12]
Founders Metals Completes 36,000 Hectare Acquisition & Expands Upper Antino Gold Mineralization to 2.5 Kilometres
Newsfile· 2025-11-20 12:38
Core Insights - Founders Metals Inc. has completed the acquisition of a 36,000 hectare exploration concession, expanding its Antino Gold Project area to 56,000 hectares, which allows for further drilling and exploration [1][6][20] - The ongoing drill program of 60,000 meters has extended the Upper Antino gold mineralization to over 2,500 meters, with significant assay results indicating high gold grades [2][5][7] - The company has secured a C$50 million strategic investment from Gold Fields, positioning it for systematic exploration and development in Suriname [3][4] Acquisition Details - The Definitive Agreement for the acquisition includes a total consideration of US$5.0 million, with additional contingent milestone payments based on future resource estimates and production [6][8] - The acquisition is expected to enhance the company's ability to explore and develop multi-million-ounce gold deposits in a highly prospective geological area [4][20] Drilling Program Highlights - Recent drill results include notable intervals such as 17.0 meters of 3.06 g/t Au and 60.0 meters of 0.85 g/t Au, demonstrating both depth and near-surface mineralization potential [2][7] - The drilling program is currently active at multiple sites, including Da Vinci, Lower Antino, Parbo, and Upper Antino, with results from additional targets expected in the coming weeks [4][20] Company Positioning - Founders Metals is well-positioned with a strong cash position and a proven exploration team, aiming to advance one of Suriname's most promising gold exploration opportunities [3][4][20] - The company emphasizes responsible exploration and community engagement, aiming to deliver long-term value to shareholders through strategic growth [20]
Thunder Gold to Host Investor Webinar
Newsfile· 2025-11-17 12:35
Core Viewpoint - Thunder Gold Corp. is set to host an investor update on November 25, 2025, focusing on its Phase 3 drill program and the advancement of the Tower Mountain Gold Project as a significant opportunity in the gold sector heading into 2026 [1][2]. Company Overview - Thunder Gold Corp. is advancing the Tower Mountain Project located in Thunder Bay, Ontario, which is characterized as an emerging gold system with the potential for a long-life, open-pit operation [4]. - The Tower Mountain Gold Property spans 2,500 hectares and is strategically located near the Trans-Canada highway, approximately 40 km from Thunder Bay [3]. Exploration Strategy - The company is implementing a low-cost exploration strategy aimed at defining a large-tonnage, low-grade gold system [2]. - Historical drilling has revealed anomalous gold extending over 500 meters along an 1,800-meter strike length and to depths exceeding 500 meters from the surface, indicating significant exploration potential [3]. Development Goals - Thunder Gold is progressing towards its first NI 43-101 Mineral Resource Estimate, with the goal of establishing a lower-capex, near-surface gold resource that supports a viable development pathway [5]. - The company aims to provide third-party validation of the asset's scale and longevity, enhancing its competitive positioning among peers [5]. Competitive Advantages - The Tower Mountain Project benefits from industry-leading drilling costs, existing infrastructure, and access to a skilled local workforce, making it a unique opportunity for cost-effective growth [6]. - The vision of the company is to unlock a discovery that could transform the Canadian gold project landscape, delivering long-term value for shareholders [6].
2025 Drilling Program Confirms Robust Mineralized Gold System Offering Significant Growth Potential at Martiniere
Globenewswire· 2025-11-17 10:00
Core Insights - Wallbridge Mining Company Limited announced final results from the second phase of its 2025 drilling program at the Martiniere gold project, confirming the expansion potential of the gold system and the continuity of the Dragonfly shear corridor [1][2][3] Drilling Program Overview - The 2025 drilling program at Martiniere consisted of two phases, with Phase 1 from mid-March to mid-May and Phase 2 from mid-July to mid-October, totaling 17,411 meters of drilling across 32 holes and 5 extensions [5][6] - The primary objective was to explore and delineate the gold-mineralized system along the Bug Lake deformation corridor, aiming for a potential resource of over two million ounces of gold [3][4] Significant Results - Notable high-grade gold intercepts included: - MR-25-140: 50.80 g/t Au over 1.7 m, including 115.00 g/t Au over 0.7 m [2][9] - MR-25-135: 7.00 g/t Au over 2.5 m, including 33.40 g/t Au over 0.5 m [2][11] - MR-25-136: 15.56 g/t Au over 1.4 m, including 43.20 g/t Au over 0.5 m [2][11] - The Bug Lake corridor currently hosts an estimated mineral resource of 346,000 ounces of gold in the Indicated category and 387,000 ounces in the Inferred category [4] Future Outlook - The company is well-positioned to build on the momentum from the successful drilling program and continue creating value for shareholders as it advances the Fenelon Gold Project and explores the broader Detour-Fenelon Gold Trend portfolio [1][2][19]
Scorpio Gold Unveils 19 High Potential Gold Exploration Targets at the Manhattan District, Nevada
Newsfile· 2025-11-11 11:00
Core Insights - Scorpio Gold Corporation has identified 19 high-potential exploration targets in the Manhattan District, Nevada, which is fully owned by the company [1][2][25] - The Manhattan District is considered underexplored, with significant resource expansion potential, particularly in historic high-grade resources [2][3] - The company is fully funded for a 50,000-meter Phase 2 drill program, which is expected to enhance the value of the Manhattan asset [2][19] Exploration Targets - The exploration targets are categorized into four stages: Target Definition, Defined Target, Drill-ready Target, and MRE Drilling, indicating a structured approach to advancing exploration [4][12] - The targets exhibit high-grade, structurally controlled low-sulfidation gold mineralization, with favorable geological conditions for gold deposits [11][12] - Historical data compilation includes over 92,635 meters of drilling and various assays, which will aid in the exploration process [3][12] Historical Context and Resource Estimates - The Manhattan District has historically produced approximately 700,000 ounces of gold, with a maiden mineral resource estimate indicating 740,000 ounces of contained gold in the inferred category [22][25] - The historical mineral resource estimate for specific areas within the district shows a total of 303,949 ounces of contained gold at an average grade of 5.89 g/t [22][25] - The district is situated in a geologically favorable area, adjacent to the Tertiary-aged Manhattan caldera, which is known for hosting significant gold deposits [22][25] Drilling and Development Plans - The Phase 1 diamond drilling program has been completed, and the Phase 2 program is currently underway, with a minimum of 50,000 meters planned [19] - The company is mobilizing additional diamond drill rigs to expedite the drilling process and enhance exploration efforts [19] - A comprehensive geometallurgical mapping and metallurgical testing program is being initiated to further de-risk the project [19] Marketing and Investor Engagement - The CEO and VP of Exploration are participating in roadshows and investment conferences to engage with potential investors and provide updates on the drilling program [20][21] - The company aims to enhance its visibility and attract investment through these engagements, highlighting the potential of the Manhattan District [20][21]
Altamira Gold Receives $6.3 Million Through Exercise of Warrants
Newsfile· 2025-11-07 12:30
Core Insights - Altamira Gold Corp. has successfully raised $6,284,820 through the exercise of share purchase warrants since September 1, 2025, indicating strong shareholder support [1][2] - The funds will be utilized to advance drilling activities in the Cajueiro porphyry gold district in Brazil, aiming to increase mineral resources and explore new target areas [2][5] Company Overview - Altamira Gold Corp. is focused on gold exploration and development in western central Brazil, managing five projects over 100,000 hectares within the Juruena Gold Belt, which has historically produced over 6 million ounces of placer gold [4] - The Cajueiro project includes two gold deposits with NI 43-101 resources: 5.66 million tonnes at 1.02 g/t gold (185,000 oz Indicated) and 12.66 million tonnes at 1.26 g/t gold (515,000 oz Inferred) [4] - The Maria Bonita gold deposit has additional open pit resources of 24.19 million tonnes at 0.46 g/t (357,800 oz Indicated) and 25.64 million tonnes at 0.44 g/t (362,400 oz Inferred) [4] Exploration Potential - Ongoing exploration at Cajueiro suggests multiple porphyry gold systems, enhancing its potential for district-scale development [5] - The region's geological setting and historical alluvial gold production underscore its significant gold endowment and scalability [5]
Founders Metals Expands Antino Gold Project with Addition of 36,000 Hectares
Newsfile· 2025-10-31 12:00
Core Viewpoint - Founders Metals Inc. has signed a binding Letter of Intent to acquire a 36,000 hectare exploration concession adjacent to its Antino Gold Project, significantly expanding its land position to approximately 56,000 hectares, which is considered a transformational move for the company in the underexplored Guiana Shield gold belt [1][3][4]. Acquisition Details - The new concession covers an area historically explored by Canarc Resources from 1996 to 2007, and Founders has the exclusive right to conduct legal due diligence over a 90-day period before finalizing the purchase agreement [4]. - The acquisition nearly triples the company's land position, enhancing its exploration potential in a district-scale opportunity [3][7]. Exploration Potential - The acquisition provides immediate opportunities to extend high-grade gold mineralization along a 1,000-meter strike extension, supported by historical auger data [3][7]. - Multiple high-grade shear zones have been identified, with recent grab sample results showing gold grades of 26.01 g/t, 36.84 g/t, 11.44 g/t, and 70.93 g/t [7]. - A substantial historical exploration database includes 1,860 line-km of aeromagnetic and radiometric survey data, 1,877 historical auger samples, and a robust 5 km x 2.5 km historical gold anomaly that has never been drill tested [7]. Company Overview - Founders Metals is focused on advancing the Antino Gold Project in Suriname, which has produced over 500,000 ounces of gold from historical mining [8]. - The company is committed to responsible exploration and aims to deliver long-term value to shareholders through technical excellence and strategic growth in the Guiana Shield [8].
Lake Victoria Gold Accelerates Drilling at Imwelo Area C with Second Rig Mobilization
Newsfile· 2025-10-31 07:01
Core Insights - Lake Victoria Gold Ltd. (LVG) is mobilizing a second multipurpose drill rig to expedite drilling at the Imwelo Gold Project in Tanzania, which is fully permitted [1][2] - The current drilling program consists of twenty-four holes totaling 4,000 meters, with the first three holes already completed and assays pending for the first two [2][3] - The company aims to complete the drilling program by the second week of December 2025, enhancing the momentum towards production readiness [2][3] Company Overview - Lake Victoria Gold is a growing gold exploration and development company listed on the TSX Venture Exchange, focusing on the Lake Victoria Goldfield in Tanzania [5] - The company holds a 100% interest in the Imwelo Project, which is fully permitted for mine construction and production, positioning it as a near-term development opportunity [6] - LVG has a highly experienced team with over 60% of shares owned by management, directors, and partners, indicating strong insider confidence [7] Drilling Program Objectives - The drilling program at Area C aims to refine the final pit design, improve resource confidence, and test down-dip extensions to enhance resource growth [8] - The program includes collecting core samples for metallurgical testing to validate recoveries and inform early mine sequencing [8] - Early visual observations from the first three holes have shown multiple zones of quartz veining and alteration, aligning with the company's expectations [3]
North Peak Commences Drilling at Prospect Mountain Gold Property
Newsfile· 2025-10-15 11:01
Core Viewpoint - North Peak Resources Ltd. has initiated its Autumn drilling campaign at the Prospect Mountain Mine complex, located in the Eureka, Nevada mining camp, which has historically produced over 3.1 million ounces of gold [1][4]. Company Developments - The year 2025 has been characterized by consolidation efforts, focusing on achieving 100% ownership of the Property, enhancing geological understanding prior to drilling, and starting metallurgical test work on historical dumps [2]. - The initial drilling phase aims to explore new areas that have not been drilled before, providing critical information for a larger campaign planned for the following year [2]. Drilling Campaign Details - The drilling campaign will utilize a combination of RC (Reverse Circulation) and diamond drilling techniques across four main target areas: Williams/Wabash, Industry Tunnel, Dean Cave complex, and Lower PME [3]. Target Areas 1. **Williams/Wabash**: This area will test the extension of disseminated mineralization identified in previous drilling, with notable intersections such as 126.49 meters at 1.06 g/t Au and 12.3 g/t Ag [5]. 2. **Industry Tunnel Area**: Focused on the intersection of Silver Connor and Industry faults, this area has historical mining activity with grab samples assaying up to 20.5 g/t Au [5]. 3. **Dean Cave Area**: Underground sampling has revealed high-grade gold samples, with unmined stope samples grading up to 180 g/t Au and 998 g/t Ag [6]. 4. **Lower PME Zone**: This area targets downdip extents of the Hamburg Dolomite and Dunderberg Shale contact, with historical drilling intersecting 4.05 g/t Au and 16.34 g/t Ag over 10.6 meters [6][7]. Geological Context - The Prospect Mountain Mine complex is situated in the Southern Eureka Gold Belt, where three styles of mineralization have been identified: Carlin-style gold, Carbonate Replacement gold, and carbonate-hosted Porphyry Related Skarn mineralization [16]. - The CRD mineralization is heavily oxidized to depths of at least 610 meters below the ridge line [16]. Operational Framework - A Plan of Operations is in place, allowing for surface exploration and underground mining of up to 365,000 tons per annum [17]. - The company employs modern exploration techniques and has a strong track record in acquiring mining assets [15].