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Renforth Issues Gold & PGE Exploration Update in Quebec & Financing Announcement
Thenewswire· 2025-12-09 13:00
Core Insights - Renforth Resources Inc. is advancing exploration activities on its Parbec Gold deposit and Victoria Nickel Sulphide Polymetallic deposit, both located near Malartic, Quebec [1][12] Exploration Activities - The company is working on an underground bulk-sample program at the Parbec Gold deposit, which includes rehabilitating an existing decline to access mineralization [2] - Initial permitting submissions for the bulk-sample program are expected to be approved by late Q1 2026, allowing the company to apply for a temporary mining lease [3] - Surface stripping at Parbec has revealed a hinge-fold zone that will be further explored once weather conditions permit [4] Victoria Nickel Sulphide Polymetallic Deposit - Renforth's geological team is reviewing core samples from approximately 10,300 meters of drilling at the Victoria deposit, with plans to submit select core for platinum group element (PGE) assaying [5][6] - The company anticipates that platinum and palladium will be included in the next technical report following proper assaying of existing holes [6] Financing - Renforth plans to raise up to C$500,000 through a non-brokered private placement, with flow-through shares and hard dollar units priced at C$0.02 each [7] - Proceeds from the financing will be allocated to drilling at the Parbec gold deposit and the Victoria polymetallic system, as well as ongoing permitting and surface work [8] 2026 Technical Plans - In 2026, Renforth plans to drill approximately 7,500 meters at the Parbec Gold deposit and 10,000 meters at the Victoria Polymetallic deposit, with updates to resource estimates and technical reports [9][10] Company Overview - Renforth Resources is focused on advancing gold and polymetallic projects in Quebec's Abitibi mining district, with the Parbec Gold Deposit hosting 265,800 ounces of gold in the Measured and Indicated categories [12] - The Victoria Polymetallic Deposit has an initial NI 43-101-compliant inferred resource of 125 million tonnes grading 0.15% NiEq, indicating significant potential for various metals [13] - The company benefits from road access, hydro-electric power, and proximity to established mining infrastructure, positioning it to create shareholder value [14]
ICG Silver & Gold Announces Execution of Arrangement Agreement to Purchase the Tuscarora District from American Pacific Mining
Newsfile· 2025-12-08 12:00
Core Viewpoint - ICG Silver & Gold Ltd. has entered into an arrangement agreement to acquire 100% of the Tuscarora and Danny Boy projects from American Pacific Mining Corp, aiming to unlock the potential of the Tuscarora District in Nevada, a region known for its high-grade silver and gold mineralization [1][2][5] Transaction Summary - ICG will acquire Clearview Gold Inc. and American Pacific Mining Corp's subsidiaries in exchange for 11,500,000 common shares and contingent payments, including US$5,000,000 upon commercial production [3][4] - APM will distribute 7,500,000 of the Consideration Shares to its shareholders, resulting in them holding approximately 19% of the issued ICG Shares post-transaction [4][7] Project Details - The Tuscarora District is an epithermal system located on the Carlin Trend, covering approximately 8,000 acres, with extensive geological work already completed [5][18] - ICG aims to advance the district through systematic exploration and technical studies, focusing on resource definition and future development [20] Management and Expertise - ICG is led by a team with extensive experience in exploration, permitting, and capital markets, particularly in the Western United States [19][20] - The company is in the process of completing a capital raise and plans to go public on the Canadian Securities Exchange in Q1 2026 [18][12] Approval and Conditions - The transaction requires court approval and the support of at least two-thirds of APM shareholders, along with other customary regulatory approvals [10][12] - Directors and officers of APM holding approximately 1.2% of the shares have agreed to vote in favor of the transaction [13]
LAURION Reports Multiple High-Grade Intercepts, Including 15.35 g/t Au over 0.50 m (450.9-451.4 m), 7.30 g/t Au over 0.50 m (738.6-739.1 m), and a Broad 3.0 m Interval of 1.09 g/t Au (134.0-137.0 m)
Thenewswire· 2025-12-03 15:55
Core Insights - LAURION Mineral Exploration Inc. has announced positive assay results from its 2025 exploration drilling program at the Ishkōday Project, confirming the presence of high-grade orogenic gold veins in the Marge–Allard multi-vein corridor [1][3][4] Exploration Program Overview - The 2025 drill program included 15 drill holes totaling 7,586 meters, bringing cumulative drilling at Ishkōday to 99,834 meters across 470 drill holes [2] - The final 1,716 meters of drilling results from holes LME25-067 to LME25-070 have been reported, completing the disclosures for the year's program [2] Assay Results Highlights - The four drill holes reported the highest grade intercepts of the season, demonstrating strong continuity of near-surface veins and consistent high-grade mineralization across multiple stacked gold-bearing structures [3][4] - Specific assay results include: - LME25-069: 0.5 m @ 15.35 g/t Au, 3.0 m @ 1.09 g/t Au, and 1.1 m @ 4.14 g/t Au [5] - LME25-067: 0.7 m @ 11.40 g/t Au, within 1.3 m @ 5.64 g/t Au [5] - LME25-068: 0.5 m @ 1.04 g/t Au [5] Geological Context - The drill holes targeted the eastern extension of the Marge–Allard vein system, located approximately 700 meters north of the historic Sturgeon River Mine, which hosts a network of gold-bearing quartz veins [4][6] - Historical work has shown significant gold presence in the area, with previous sampling yielding high-grade assays [4][6] Future Plans - LAURION plans to integrate the new data into its 3D geological and structural model for Ishkōday, focusing on the Sturgeon River–Brenbar Corridor and the A-Zone-CRK corridor as part of its 2026–2027 Strategic Operating Plan [7] - The upcoming work will include structural consolidation and plunge-oriented drilling to evaluate the continuity of high-grade shoots identified in previous drill programs [7]
Inventus Recovers 427 Ounces of Gold and Demonstrates Positive Economics From 007 North Bulk Sample at Pardo
Globenewswire· 2025-12-01 12:00
Core Insights - The bulk sampling at the Pardo Gold Project has demonstrated the economic potential of near-surface gold mineralization, indicating that mineralization can be extracted and processed to generate cash flow [3][4] - The results from the 007 North bulk sample support the company's vision of achieving a near-term production profile that minimizes shareholder dilution while advancing the project [3] Bulk Sample Details - The 007 North bulk sample was extracted from a flat-lying mineralized conglomerate at a depth of approximately 3 meters, with an average thickness of 1.82 meters [4] - Prior to extraction, 33 large diameter drill holes were completed, yielding a weighted average grade of 3.84 grams per tonne (gpt) gold over 1.82 meters [5] - The predicted block model illustrated 5,216 tonnes grading 3.95 gpt gold, while the actual extraction resulted in a grade of 3.14 gpt gold [5][6] Extraction and Processing - A total of 4,816 tonnes was processed, resulting in the recovery of 427 ounces of gold from 4,674 dry tonnes, with a reconciled head grade of 3.04 gpt gold and a metallurgical recovery of 94% [8][10] - The cost of the bulk sample was approximately CAD$1,200,000, leading to a sale of recoverable ounces valued at CAD$2,350,000, representing a 96% return over cost [8][11] Future Plans - The company is currently conducting a Phase 2 drill program with results pending from 62 completed drill holes [9] - An additional 10,000-tonne bulk sample is scheduled for processing at the end of January 2026 [8][9]
Rio Silver Provides Corporate Update as the Company Advances Toward High-Grade Silver Development in Peru
Globenewswire· 2025-11-25 14:20
Core Viewpoint - Rio Silver Inc. is positioning itself to become a high-grade silver producer in Peru, leveraging its strategic initiatives and operational preparations at the Maria Norte project, which is located in one of the world's most prolific mineral belts [1][4]. Operational Highlights - A detailed site visit to the Maria Norte project confirmed the scope, sequencing, and logistical requirements for fast-tracking development work upon regulatory approval [2]. - The company is advancing preparations for high-altitude camp construction, portal-access upgrades, and tunnel advancements along known mineralized structures [7]. - Progress is being made on permitting and community agreements, with positive advancements in explosives permitting and stakeholder access agreements [7]. - The company is adopting Peru's exploration/exploitation framework to enable mineral generation while establishing underground drill platforms for resource definition [7]. - Rio Silver is well-funded by a diversified investor base, with Maria Norte strategically located near other mine developments supported by a positive Preliminary Economic Assessment (PEA) [7]. Financial Position - The company currently receives approximately US$150,000 annually in advanced royalty payments, providing a stable revenue baseline [6]. - The sale of the Niñobamba project to Magma Silver Corp. will yield milestone payments exceeding US$2 million and 5 million common shares of Magma Silver, enhancing Rio Silver's financial position [6]. - Rio Silver retains a 2% Net Smelter Return (NSR) royalty on Niñobamba, in addition to a 3% capped NSR royalty from its former Palta Dorada interests [6]. Strategic Interests - Beyond its Peruvian assets, Rio Silver owns a critical-metals project in Ontario's Ring of Fire, identified as having significant subsurface potential based on historical drilling and airborne surveys [7][8]. - The company is evaluating additional silver-dominant targets within trucking distance that may offer district-scale growth potential [7]. Market Positioning - As global silver demand accelerates due to industrial electrification, renewable energy, and precious-metal investment, Rio Silver is positioning itself as a pure-play developer with significant leverage to rising silver markets [9]. - The company is committed to disciplined growth and clear market communication through its partnership with Caram Media, enhancing its alignment with shareholders [10][11].
Searchlight Resources Commissions NI43-101 Technical Reports on Bootleg Lake and Robinson Creek Gold Properties
Newsfile· 2025-11-25 12:30
Core Insights - Searchlight Resources Inc. has contracted Axiom Exploration Group to prepare NI43-101 technical reports for its Bootleg Lake and Robinson Creek Gold properties, which are located near Creighton, Saskatchewan and Flin Flon, Manitoba [1][2][3] Summary by Sections Technical Reports - Axiom Exploration Group has completed site visits for both projects, with final reports expected in early 2026 [2] - This will be the first technical report for the Robinson Creek project and an update on the 2013 report for Bootleg Lake [2] Exploration Targets - The Robinson Creek project has an Initial Exploration Target estimated between 77,000 and 154,000 ounces of gold, with no prior report available [3] - Bootleg Lake has an estimated ore of 2 to 3 million tonnes, with gold grades ranging from 1.20 g/t to 1.60 g/t [7] Historical Data and Mineralization - Over 70 historical drill holes from the 1940s and 1980s have been compiled, outlining a mineralization zone extending at least 1,000 meters along the Mosher Lake Shear Zone [7] - Significant historical drill results include multiple intersections greater than 1.0 g/t gold, with some exceeding 2.0 g/t over at least one meter [7] Project Location and Infrastructure - The properties are located 15 kilometers from each other, allowing for potential shared processing facilities [7] - The Bootleg Lake site is a brownfields project with three past-producing high-grade gold mines, including the Rio Mine, which has 1,500 meters of underground workings [7] Future Plans - The technical reports will assist the company in future exploration and development plans, including the potential combination of Robinson Creek and Bootleg Lake [3]
CopperCorp Mobilizes Second Drill Rig to Jukes Prospect
Newsfile· 2025-11-11 12:00
Core Insights - CopperCorp Resources Inc. is advancing its drilling efforts at the Jukes Cu-Au prospect in Tasmania by mobilizing a second diamond drill rig to expedite the ongoing Phase 2 drilling program [1][6][9] Drilling Program Details - The Phase 2 diamond drilling program at Jukes consists of five planned holes totaling approximately 2,000 metres, aimed at expanding the known mineralization footprint and testing high-priority targets [2][3] - The first drill hole, JDD003, has been completed to a depth of 254.9 metres, with samples sent for assay and results expected in 3-4 weeks [4][5] - A second hole, JDD004, is currently being drilled to a planned depth of 350 metres, targeting the eastern IP chargeability corridor, marking the first drill test of this zone [5][6] Geophysical and Geological Context - The Jukes prospect is characterized by strong induced polarization (IP) chargeability, magnetic, and geochemical anomalies, forming a prospective footprint at least 700 metres long and 400 metres wide, with confirmed Cu-Au mineralization from surface to depths exceeding 500 metres [10] - Historical drilling results from the 2024 Phase 1 campaign indicated strong Cu-Au intercepts, suggesting significant mineral potential [11][12] Future Plans and Strategic Focus - The company plans to return to drilling at the Hydes prospect later in the season when conditions improve and is also considering drilling at the Linda prospect in 2026 [9] - The focus on Jukes is driven by geological similarities to the Mt Lyell mine, which has a history of significant copper and gold production [9][10]
Kobrea Commences Construction of Drill Access Road at El Perdido, Western Malargüe Mining District - Mendoza Province, Argentina
Newsfile· 2025-11-04 13:00
Core Insights - Kobrea Exploration Corp. has commenced construction of a drill access road at the El Perdido Project, marking a significant milestone for the company [2][3] - The El Perdido Project covers 6,878 hectares and hosts a porphyry copper-gold-molybdenum system that has not been drilled previously [3][10] - An investor relations agreement has been established with Capital Analytica for a term of six months, with a total compensation of $150,000 for services [7][8] Project Development - The construction of the drill access road is part of Phase 1 exploration, which will be followed by the installation of an exploration camp and diamond drilling activities [1][2] - The maiden diamond drilling program will target the center of the El Perdido system, where the highest density of quartz stockwork veining is located [3][10] - Field crews will also begin target development activities at other porphyry prospects across the property concurrently with road construction [2] Company Overview - Kobrea Exploration Corp. focuses on the acquisition and exploration of base metal projects, holding rights to seven projects totaling over 733 km² in southwestern Mendoza Province, Argentina [10] - The properties are considered highly prospective for porphyry copper and copper-gold deposits, with multiple targets exhibiting significant hydrothermal alteration [10] - The company also holds a 100% interest in the Upland Copper Project located in British Columbia, Canada [10]
Nexus Uranium Closes Fully Subscribed Private Placement of Units
Newsfile· 2025-10-31 23:05
Core Points - Nexus Uranium Corp. has successfully closed a non-brokered private placement offering, issuing 3,640,000 units at a price of $0.25 per unit, resulting in total gross proceeds of $910,000 [1][2] Group 1: Offering Details - Each unit consists of one common share and one transferable common share purchase warrant, allowing the holder to acquire an additional common share at $0.55 until October 31, 2027 [2] - The warrants will not be exercisable until December 31, 2025, which is 61 days after the offering's closing [2] - The company issued 212,800 finder's warrants, which are also exercisable into common shares at $0.55 per share until October 31, 2027 [3] Group 2: Use of Proceeds - Proceeds from the offering will be allocated for permitting, South Dakota relations, drilling bonds, marketing and investor relations, working capital, and general corporate purposes [3] Group 3: Regulatory Compliance - The units were issued under the listed issuer financing exemption, and securities issued to Canadian residents are not subject to resale restrictions [4] Group 4: Company Overview - Nexus Uranium is a Canadian uranium exploration company focused on mineral exploration and development in the green energy sector, holding five uranium projects in the United States and one in Canada [6]
Forte Minerals Attends the New Orleans Investment Conference
Newsfile· 2025-10-30 13:30
Core Insights - Forte Minerals Corp. is participating in the 51st Annual New Orleans Investment Conference from November 2-5, 2025, where the President & CEO, Patrick Elliott, will present on the company's exploration projects and growth strategy [1][2][3] Group 1: Company Overview - Forte Minerals Corp. is an exploration company focused on high-quality copper and gold assets in Peru, leveraging a strategic partnership with GlobeTrotters Resources Perú S.A.C. to access high-impact targets in premier Andean mineral belts [5] Group 2: Financial Updates - The company received a C$5.7 million strategic investment from a key investor in July and announced a second C$5.7 million investment from another strategic partner this week, indicating strong financial backing for its growth initiatives [2] Group 3: Conference Participation - The New Orleans Investment Conference aims to connect analysts, investors, and companies to explore emerging opportunities across various asset classes, and Forte's participation is part of its strategy to strengthen investor relationships and showcase its growth plans [3]