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Vanguard Mining Launches 2025 Redonda Follow-Up Drill Program After 174.1 m at 0.34% CuEq From Surface
Thenewswire· 2025-09-17 07:05
Core Viewpoint - Vanguard Mining Corp. has initiated its 2025 Diamond Drill Program at the Redonda Copper-Molybdenum Project, which is fully permitted and funded, aiming to expand on previous discoveries and define the system's true size [1][2][3]. Company Overview - Vanguard Mining Corp. is focused on mineral exploration and development, aiming to create long-term value through responsible acquisition and development of strategic mineral assets in stable jurisdictions [12]. Project Details - The Redonda Project spans 2,746.46 hectares and is located approximately 40 km northeast of Campbell River, British Columbia, with year-round accessibility [7]. - The project is supported by a recent airborne geophysical survey that identified strong correlations with geological domains, enhancing the understanding of the mineralization potential [6]. Drill Program Insights - The 2025 Drill Program is designed to follow up on a near-surface copper/molybdenum discovery from 2023 and 2024, with significant past results including a 174-meter zone starting at surface and surface samples around 0.5% copper-equivalent [2][3]. - The program will include detailed geological mapping and deeper drilling below 500 meters, with mineralized zones remaining open to the north and south [3]. Historical Data and Results - Historical drilling data from 1979 and recent exploration results indicate promising mineralization, with notable intercepts such as 0.452% Cu over 15.2 meters and 0.279% Cu over 142.6 meters [2][3]. - The project has been permitted for up to 10 drill sites, indicating a robust exploration strategy moving forward [3]. Geological Context - The geological setting of the Redonda Project shares characteristics with nearby porphyry systems, suggesting significant mineralization potential [8]. - The area is influenced by early Cretaceous dioritic intrusions and features multiple intrusive phases, with copper-molybdenum mineralization concentrated along specific geological structures [8].
Carolina Rush Partners with OceanaGold on the Brewer Gold-Copper Project
Newsfile· 2025-09-16 13:00
Core Viewpoint - Carolina Rush Corporation has entered into an Earn-In Option Agreement with OceanaGold Corporation for the Brewer Gold-Copper Project, allowing OceanaGold to earn an 80% interest through staged investments totaling US$20 million for exploration and property purchase [1][4]. Agreement Structure - The agreement allows OceanaGold to earn a 50% interest by funding US$8 million by December 31, 2027, and an additional 30% interest by funding another US$12 million by December 31, 2030, for a total of 80% interest [3][4]. - The agreement includes a provision for OceanaGold to exercise Carolina Rush's underlying Brewer Option at any time before it expires on December 31, 2030, which includes assuming historical environmental liabilities [4]. Joint Venture and Operations - Upon earning a 50% interest, a 50:50 joint venture will be formed, with Carolina Rush as the initial operator and a 10% unallocated cost allowance [4][5]. - If OceanaGold exercises the Brewer Option before spending the total US$20 million, Carolina Rush will be carried until that amount is spent [4]. Shareholder Approval - The agreement is contingent upon Carolina Rush shareholder approval, which will be sought at a Special Shareholder Meeting on October 21, 2025 [4][5]. - If approved, OceanaGold will advance US$150,000 for pre-drilling expenses and commit to a minimum of US$1.5 million within 12 months [4]. Company Background - Carolina Rush Corporation is focused on the Brewer Gold-Copper Project in South Carolina, which is underexplored and has potential for both near-surface and deeper mineralization [6]. - The Brewer Project is located 13 km from OceanaGold's Haile Gold Mine, which has a production guidance of 170,000-200,000 ounces of gold for 2025 [6].
Marimaca Copper – Update to A$80,000,000 Placement
GlobeNewswire News Room· 2025-09-05 00:00
Core Viewpoint - Marimaca Copper Corp. is conducting a brokered placement to raise approximately A$80 million (C$72.08 million) through the issuance of 8,247,423 Chess Depositary Interests (CDIs) at A$9.70 per CDI [1][2] Group 1: Placement Details - The net proceeds from the placement will be allocated to detailed design and engineering work at the Marimaca Oxide Deposit (MOD), exploration at the Pampa Medina Project, and general corporate purposes [2] - The placement is subject to ASX Listing Rule 7.1 waiver and is scheduled to occur with specific indicative dates for trading halt, settlement, and allotment [2][4] - Joint lead managers for the placement include Macquarie Capital (Australia) Limited, Euroz Hartleys Limited, and Beacon Securities Limited [5] Group 2: Company Insights - Marimaca Copper Corp. focuses on copper exploration and development, particularly its flagship Marimaca Copper Project in the Antofagasta Region, Chile [8] - The Marimaca Copper Project includes the Marimaca Oxide Deposit (MOD), which is currently undergoing a Definitive Feasibility Study led by Ausenco Chile Ltda [9] - The company aims to enhance its exploration program at both the Pampa Medina and Marimaca sulphide targets, supported by a recent robust Definitive Feasibility Study [7]
InZinc Reports Additional Results from Drilling Further Expanding Sedex Mineralization at Indy Project, Central BC
Newsfile· 2025-09-04 11:00
Core Insights - InZinc Mining Ltd. has reported successful results from additional drilling at its Indy Sedex project, extending the mineralization depth of the B-9 Zone to 120 meters below the surface [1][8] - The 2025 drilling campaign has increased the B-9 mineralized trend by over 40% to a total length of 700 meters, indicating significant potential for further exploration [1][7] Exploration Results - The principal mineralized horizon was intersected at 3.3% Zn, 0.3% Pb, and 2.6 g/t Ag over 4.2 meters from 121.4 meters downhole, demonstrating continuity of mineralization [8][14] - A second, shallower mineralized horizon was also identified, with results of 3.2% Zn, 0.4% Pb, and 2.6 g/t Ag over 3.2 meters from 86.6 meters downhole [8][14] - All 2025 drill holes across the 700-meter long B-9 trend reported mineralization above the cut-off grade [8][14] Project Overview - The Indy project covers an extensive area of 200 square kilometers and includes a 30-kilometer length of under-explored strata in central British Columbia [11] - The near-surface mineralization discovered at Indy is typical of worldwide Sedex deposits, which often include significant silver and critical minerals as by-products [11][20] - Drilling to date has tested only 10% of the prospective 7.5-kilometer Main Trend, indicating substantial room for further exploration [14] Additional Findings - High-grade massive sulphides were discovered in the northern area, with one hole returning 11.0% Zn, 2.3% Pb, and 27.1 g/t Ag over 3.0 meters [14] - The widest intersection to date averaged 3.3% Zn, 0.7% Pb, and 7.4 g/t Ag over 19.1 meters, including semi-massive sulphides [14]
Neotech Metals Commences Drilling at Hecla-Kilmer, Appoints Jared Galenzoski as Director
Newsfile· 2025-09-03 08:00
Core Viewpoint - Neotech Metals Corp. has commenced drilling at its Hecla-Kilmer rare earth project in Ontario, Canada, and appointed Jared Galenzoski as a new director, focusing on advancing the project towards a maiden resource estimate in 2026 [1][2][3]. Drilling and Project Development - The drilling program at Hecla-Kilmer is designed for up to 10,000 meters, targeting infill definition and proximal extensional targets within the Pike Zone [3]. - The objective is to advance towards a maiden resource estimate expected in 2026, alongside re-logging historic drill core and selective assaying of previously unsampled intervals [3]. Environmental and Community Engagement - Environmental baseline studies, including water sampling, will be conducted as part of the project’s responsible advancement and de-risking efforts [4]. - The company is committed to proactive community and Indigenous engagement to strengthen relationships with stakeholders in the region [4]. Project Updates - Samples from the recently completed drill program at the TREO Project in British Columbia are currently at the laboratory, with assay results pending [5]. Company Overview - Neotech Metals is a mineral exploration company focused on discovering and developing mineral resources in promising jurisdictions, emphasizing environmental stewardship and sustainable practices [6]. - The company has a diversified portfolio of rare earth element and rare metals projects, including the Hecla-Kilmer project, located 20 kilometers from the Otter Rapids hydroelectric power generation station [7][8].
Sixty North Gold Announces Mine Development Update
Newsfile· 2025-08-25 14:08
Core Viewpoint - Sixty North Gold Mining Ltd. is progressing towards operational readiness at the Mon Gold Mine, focusing on financing, development, and production plans while managing costs and operational strategies [1][10]. Expenditures - The company has invested a total of $6.2 million in the development of the Mon Gold Mine since 2017 [1]. - Direct operating costs during 2024 mining operations were $10,000 per day, equating to $143 per tonne of rock extracted [3]. Development - A total of 226 meters of development has been completed, accessing the A-Zone quartz veins, which historically yielded 15,000 tonnes of ore at a grade of 30 grams per tonne [2]. - The company plans to recover approximately 20,000 tonnes of the A-Zone vein using a mechanized rescue method to maximize extraction [5]. Plans - In 2026, the company plans to subdrift on both limbs of the A-Zone for a total of 137 meters, with extraction planned in four stopes [4]. - A 100 tonnes per day mill has been sourced for installation in spring 2026, with capital costs estimated at $1 million [6]. Labor and Operational Costs - Full production will require an increase in labor costs by 50% to around $15,000 per day, with consumables costs rising to nearly $5,000 per day [7]. Historical Context - The Mon Gold Mine previously extracted 15,000 ounces of gold from 15,000 tonnes of ore in the 1990s without a feasibility study [10].
District Receives Notice of Boliden's Termination of the Option Agreement on the Tomtebo and Stollberg Base Metal Properties
Newsfile· 2025-08-25 06:00
Core Viewpoint - District Metals Corp. has received notice from Boliden Mineral AB regarding the termination of the Option Agreement for the Tomtebo and Stollberg base metal properties, resulting in District retaining full ownership of the Tomtebo Property while Boliden retains the Stollberg Property [1][2]. Group 1: Option Agreement Details - The Option Agreement, signed in October 2023, allowed Boliden to earn up to an 85% interest in the Tomtebo Property by spending up to CAD$10 million over four years [2]. - Following Boliden's withdrawal, District will maintain a 100% interest in the Tomtebo Property, while Boliden will keep a 100% interest in the Stollberg Property [2]. Group 2: Company Statements - The CEO of District expressed disappointment over Boliden's decision but acknowledged the positive partnership and technical progress made during the collaboration [4]. - District remains optimistic about the exploration results at the now fully owned Tomtebo Property, highlighting advancements in understanding the mineralized systems and potential for discovering new high-grade mineralization [5]. Group 3: Technical Information - All scientific and technical information in the release has been prepared or approved by the President and CEO of District, who is a qualified person under National Instrument 43-101 [6]. - The Tomtebo Property is located in the Bergslagen Mining District, situated between the historical Falun Mine and Boliden's Garpenberg Mine, with a geological trend that shows similarities to other significant mines in the area [11].
Tower Resources Appoints André Gaumond as a Technical Advisor
Newsfile· 2025-08-18 11:30
Core Insights - Tower Resources Ltd. has appointed Mr. André Gaumond as a technical advisor, which is seen as a strategic move as the company transitions from exploration drilling to resource definition and M&A activities [1][3] - Mr. Gaumond brings extensive experience in the mining sector, having previously founded Virginia Gold Mines Inc. and held senior roles in various mining companies [2][3] - The company aims to optimize shareholder value through disciplined exploration and development at its Rabbit North project, leveraging Mr. Gaumond's expertise in geological data interpretation [3] Company Overview - Tower Resources is a Canadian mineral exploration company focused on discovering and advancing economic mineral projects in the Americas [4] - Key exploration assets include the Rabbit North gold and copper-gold project, which has already identified significant gold zones along a 1.2 km structural trend [4] - Other projects include the Nechako gold-silver project and the More Creek epithermal gold project, both located in British Columbia [4]
Tinka Receives Authorization to Commence a Drill Program at Silvia Gold-Copper Project
Newsfile· 2025-08-18 10:30
Core Viewpoint - Tinka Resources Limited has received authorization from the Peruvian Ministry of Energy and Mines to commence a drill program at its 100%-owned Silvia gold-copper property, marking a significant milestone for the company in its exploration efforts [1][2]. Group 1: Project Details - The Silvia property is located 100 km south of the Antamina copper mine and is considered a highly prospective target in a premier copper mining region [1]. - The property encompasses 10,906 hectares and includes three areas of mineralization (Areas A, B, and C) along a 4 km strike length [5]. - Initial trench sampling at Area A has shown promising results, with grades of up to 22 g/t Au and 12% Cu, and trench results indicating 46 meters at 1.9 g/t Au and 0.8% Cu [1][5]. Group 2: Exploration Plans - A diamond drill program of approximately 1,500 meters is planned for Q4 2025, contingent on securing adequate funding [2]. - The drill permit allows for up to 40 drill platforms covering approximately 4 km², approved by the General Directorate of Mining in August 2023 [8]. - An access agreement with the local community was signed and notarized in November 2024, facilitating the exploration process [8]. Group 3: Company Strategy - The authorization to drill at Silvia allows Tinka to diversify its exploration portfolio while continuing its strategic review of the Ayawilca zinc-tin project [2]. - The company has significantly upgraded the Silvia NW target since acquiring the property from BHP in 2021, which had not been drill tested prior to this [2].
Newly Discovered Polymetallic Zone at Green Monster Project Shifts Focus of Drilling and Exploration Plan
Newsfile· 2025-08-13 12:08
Core Viewpoint - Glenstar Minerals Inc. has discovered a new polymetallic zone at the Green Monster Project, prompting a shift in drilling and exploration plans following positive results from the recent drill program [1][3][6]. Exploration and Drilling Updates - The recent drill program in May 2025 revealed a robust polymetallic mineralization zone located 150 meters from the main target area, leading to a change in exploration focus [3][4]. - Hole GMST-4, initially intended to test a magnetic high, intersected a new zone approximately 10 meters wide with high-grade zinc (>30%) and significant assay results including 177 ppm silver (161.5 g/t), 523 ppm nickel, 91.9 ppm cobalt, and copper >0.36% [3][4][6]. - The mineralization was found at depths of approximately 131 to 142 meters within a complex rock unit disrupted by thrust faults, similar to the Eureka District in central Nevada [5][6]. Future Plans - Glenstar plans to expand the new hanging wall zone and test its continuation along strike and at depth in the upcoming Phase 2 exploration [6]. - The newly discovered zone significantly increases the target size of the project, indicating potential for further mineralization [6]. Project Background - The Green Monster Property consists of 35 federal lode claims covering around 700 acres in Clark County, Nevada, and has not seen drilling until the recent program [9][10]. - Initial groundwork in 2022 identified robust nickel-copper with highly anomalous cobalt, indicating several targets suitable for shallow drilling [9][10]. Marketing and Investor Relations - Glenstar has extended its marketing and investor awareness agreement with Altura Media Co. Inc. for CDN$150,000, aimed at enhancing visibility and engagement in domestic and foreign markets [11].