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Scorpio Gold Announces Further Drill Results from Manhattan District, Nevada
TMX Newsfile· 2025-12-30 11:00
HighlightsHole 25MN-030 returned 2.21 g/t gold over 7.38 metres.Hole 25MN-031 returned 0.54 g/t gold over 20.54 metres, including 1.34 g/t gold over 8.85 metres.Numerous intervals located outside of the existing Inferred Mineral Resource constraining pit, calculated at US$2,500.12 unreported holes, totalling 3,169 m, have been completed and are pending assays (25MN-034 through 25MN-045).Vancouver, British Columbia--(Newsfile Corp. - December 30, 2025) - Scorpio Gold Corp. (TSXV: SGN) (OTCQB: SRCRF) (FSE: R ...
Millennial Potash Files Updated Mineral Resource Estimate Report for Its Banio Potash Project
TMX Newsfile· 2025-12-29 21:45
Core Viewpoint - Millennial Potash Corp. has filed an updated technical report for the Banio Potash Project, indicating significant mineral resources in Gabon as of November 11, 2025 [1]. Group 1: Technical Report Details - The technical report titled "Updated Mineral Resource Estimate for the North Target of the Banio Potash Project" was completed by ERCOSPLAN Ingenieurgesellschaft Geotechnik und Bergbau mbH and authored by Dr. Sebastiaan van der Klauw [1]. - The updated mineral resource estimate includes a total measured and indicated resource of 2,452.73 million tonnes (MT) with a potassium chloride (KCl) grade of 15.61% [2]. Group 2: Resource Classification - The resource classification details are as follows: - Measured: 648.19 MT at 15.72% KCl - Indicated: 1,804.54 MT at 15.57% KCl - Inferred: 3,559.49 MT at 15.61% KCl [2]. Group 3: Qualified Persons - The information in the news release has been reviewed and approved by qualified persons, Dr. Sebastiaan van der Klauw and Peter J. MacLean, ensuring compliance with National Instrument 43-101 [3].
Update on Construction of Calcatreu Project
Globenewswire· 2025-12-29 09:41
Core Viewpoint - Patagonia Gold Corp. is advancing the construction of its flagship Calcatreu project in Rio Negro, Argentina, with expectations to commence leaching in Q1 2026 [1][3]. Project Overview - The Calcatreu project is located 85 km south of Ingeniero Jacobacci and features a low sulfidation, epithermal gold and silver system with surface mineralization [2]. - The total measured and indicated mineral resources are estimated at 9.84 million tonnes with an average grade of 2.11 g/t Au and 19.8 g/t Ag, yielding approximately 669 thousand ounces of gold and 6.3 million ounces of silver [3]. Construction Progress - Construction began in Q1 2025 after receiving all necessary permits in Q4 2024, with mining activities starting in August 2025 [3]. - The explosives storage magazine was completed in August 2025, capable of storing 75 tonnes of explosives, and blasting services have been outsourced to Enaex [4]. - The first section of the leach pad has been completed, with electric leak location tests scheduled for January 2026 [4]. Chemical and Infrastructure Developments - A chemical storage facility with a capacity of 120 tonnes was completed in December 2025, with 80 tonnes of product already on site [5]. - The carbon in column section of the plant is nearing completion, expected to finish in January 2026, with plans to transport loaded carbon to Santa Cruz temporarily [6]. - Infrastructure includes a camp for 192 people, with half of the facilities commissioned and power sourced from three 1MW diesel generators [7]. Workforce and Community Engagement - The project currently employs 135 individuals, primarily recruited from Ingeniero Jacobacci and the surrounding region [8]. - The company maintains communication with local communities and authorities, who are satisfied with the project's progress [9]. Future Plans - The company has engaged NCL Ingeniera y Construccion to update the mineral resource and reserve estimates, with a new technical report expected in Q2 2026 [10].
Xali Gold Closes Acquisition of Pico Machay Gold Project
Globenewswire· 2025-12-24 21:20
Core Viewpoint - Xali Gold Corp. has successfully closed the acquisition of the Pico Machay Gold Project in Peru, which is at an advanced exploration stage and aims for near-term production [1][2]. Acquisition Details - The acquisition involved purchasing Minera Calipuy S.A.C., the owner of Pico Machay, from Pan American Silver Corp. and Aquiline Resources Inc. [1] - An initial cash payment of US$500,000 was made to finalize the acquisition, with total cash payments amounting to US$17 million over the next five years [2][4]. - The payment schedule includes deferred payments of US$1.5 million in the first and second years, US$4 million in the third year, US$3 million in the fourth year, and US$4.5 million upon the commencement of commercial production [2][4]. Financial Arrangements - Payments are secured by Promissory Notes and a first-priority Share Pledge Agreement over Calipuy's shares, along with a Mortgage Agreement over both Pico Machay and the Las Brujas II property [3]. - The Promissory Notes do not bear interest before maturity and are guaranteed by Calipuy and Candente Gold Peru S.A.C. [3]. Project Potential - The historical resource estimate for Pico Machay was based on a long-term gold price of US$700 per ounce, indicating significant upside potential in the current gold price environment [2]. - The company plans to update the historical resource estimate and optimize previous engineering studies to advance the project towards production [2]. Mining Rights and Regulations - Calipuy holds 100% interest in 17 mining rights associated with the Pico Machay Project, which are in good standing and valid until 2039 if production has not commenced by then [5]. - There is a 1% Net Smelter Return royalty on the El Alcatraz 4 concession, which is perpetual and covers all metals [6]. Community Engagement - Xali Gold aims to engage with the local Santa Ana community to advance the Pico Machay Project under a mutually beneficial framework [10].
ValOre Appoints Engineering Company Lycopodium to Advance Pedra Branca PEA Study
Globenewswire· 2025-12-22 22:15
Core Viewpoint - ValOre Metals Corp. has appointed Lycopodium Marine & Modular Pty Ltd as the lead process engineering consultant for the Preliminary Economic Assessment (PEA) of its Pedra Branca Platinum Group Elements project in Brazil, aiming to enhance the project's development and align with industry standards [1][2]. Company Overview - ValOre Metals Corp. is a Canadian company focused on projects with substantial prior investment and high-value mineralization, aiming to add value through exploration and innovation [6]. - The Pedra Branca project encompasses 45 exploration licenses over 51,096 hectares in northeastern Brazil, with an inferred resource of 2.198 million ounces of 2PGE+Au at a grade of 1.08 g/t [7][8]. Engineering Consultant Appointment - Lycopodium will provide process engineering and study support services to advance Pedra Branca towards a PEA that conforms to National Instrument 43-101 standards [2]. - The scope of Lycopodium's work includes process flowsheet development, mass and energy balances, equipment selection, and cost estimates [7]. Lycopodium's Expertise - Lycopodium has over 30 years of experience in the resources industry, having designed and built numerous mineral processing plants with capacities exceeding 85 million tonnes per annum [4]. - The company has a proven track record in delivering value-optimized process plants on budget and schedule, enhancing confidence in the Pedra Branca project's development [3][4]. Project Development Outlook - ValOre's CEO expressed confidence in the successful development of the Pedra Branca project due to Lycopodium's expertise and the strong global demand for new sources of Platinum Group Elements [2].
REPEAT - QGold Resources Delivers Transformational Year With Quartz Mountain Gold Project Acquisition, $11.5m Financing, and Updated Mineral Resource Estimate; Advances 2026 Development Strategy
Globenewswire· 2025-12-22 12:30
Core Insights - Q-Gold Resources Ltd. has made significant progress in 2025, including the acquisition of the Quartz Mountain Gold Project and securing $11.5 million in financing, positioning the company for growth in 2026 [2][3][4]. Financial Overview - The company successfully closed a private placement financing for gross proceeds of $11.5 million, which will be used for advancing work streams across its gold projects [3]. - The financing included a 15% overallotment and was facilitated by BMO Capital Markets [3]. Project Acquisition and Development - Q-Gold acquired the Quartz Mountain Gold Project from Alamos Gold Inc., which includes two properties totaling approximately 4,823 acres in Oregon's gold belt [4][5]. - The project benefits from over 90,000 meters of historical drilling and extensive geological data, enhancing its potential for resource development [5]. Mineral Resource Estimate - An updated mineral resource estimate for the Quartz Mountain Gold Project was disclosed, indicating 1.543 million ounces of gold at a grade of 0.96 g/t and 2.049 million ounces of silver at 1.27 g/t in the indicated category [15][29]. - The project is amenable to conventional open-pit mining methods, which supports its economic viability [15]. Economic Assessment and Technical Studies - Q-Gold has engaged Kappes, Cassiday & Associates to conduct a Preliminary Economic Assessment (PEA) for the Quartz Mountain Gold Project, expected to be completed in Q2 2026 [9][10]. - The PEA will evaluate mining methods, processing options, capital and operating costs, and projected financial returns [9]. Permitting and Environmental Studies - The company has engaged SLR International to advance environmental studies and permitting applications for the Quartz Mountain Gold Project, ensuring efficient project development timelines [16][17]. - Early-stage permitting work is progressing alongside technical studies to streamline the approval process [16]. Exploration Activities - Q-Gold completed two drill campaigns at the Mine Centre Gold Project in Ontario, focusing on high-priority targets to expand its understanding of the project's gold potential [12][14]. - The company plans to initiate exploration activities at both the Quartz Mountain and Angel's Camp portions of the project in 2026 [23]. Strategic Leadership - The board of directors has been strengthened with the addition of industry leaders Scott Parsons and Jamsheed Mehta, enhancing the company's strategic guidance and capital markets relationships [18][20][22]. Future Priorities - Key priorities for 2026 include completing the PEA, advancing initial exploration permits, and conducting metallurgical drilling programs to support feasibility studies [23][26]. - The company aims to enhance shareholder value through systematic project advancement and responsible exploration practices [24].
QGold Resources Delivers Transformational Year With Quartz Mountain Gold Project Acquisition, $11.5m Financing, and Updated Mineral Resource Estimate; Advances 2026 Development Strategy
Globenewswire· 2025-12-19 23:00
COMPLETED $11,500,000 FULLY ALLOCATED PRIVATE PLACEMENT FINANCING WITH BMOCOMPLETED ACQUISITION OF QUARTZ MOUNTAIN ADVANCED GOLD PROJECT IN OREGON, UNITED STATES FROM ALAMOS GOLDFILED NEW NI 43-101 TECHNICAL REPORT ON MINERAL RESOURCE ESTIMATE FOR QUARTZ MOUNTAIN GOLD PROJECTCOMMENCED TRADING ON OTCQB® VENTURE MARKET UNDER “QGLDF”PRELIMINARY ECONOMIC ASSESSMENT (“PEA”) OF QUARTZ MOUNTAIN GOLD PROJECT STARTED WITH KAPPES CASSIDAY INITIATED TWO DRILL CAMPAIGNS AT MINE CENTRE GOLD PROJECT IN CANADAADVANCED PER ...
Tiger Gold Commences Trading and Provides Project Update: Drills Turning at Quinchia
TMX Newsfile· 2025-12-19 14:00
Vancouver, British Columbia--(Newsfile Corp. - December 19, 2025) - Tiger Gold Corp. (formerly Badger Capital Corp.) (TSXV: TIGR) ("Tiger" or the "Company") is pleased to announce that the Company will commence trading on the TSXV today under the symbol TIGR. The Company is also providing a high-level update on its current exploration activities and key catalysts for 2026 at the Quinchía Gold Project in Colombia: Highlights:The Company's first 10,000-m Phase 1 drill program is underway.Two drill rigs on si ...
PAN GLOBAL STEP-OUT DRILLING EXTENDS LA ROMANA DEPOSIT AT ESCACENA PROJECT, SOUTHERN SPAIN
Prnewswire· 2025-12-19 13:30
Figure 2 – La Romana Cross Section A - A' highlighting new drillhole LRD191, and confirming continuation of the higher-grade copper mineralization, open at depth (CNW Group/Pan Global Resources Inc.) Figure 3 – La Romana Cross Section B - B' highlighting new drillhole LRD189, and confirming continuation of the higher-grade copper mineralization (open at depth) and additional copper intercepts in the hanging wall above the main mineralization (CNW Group/Pan Global Resources Inc.) TSXV: PGZ | OTCQB: PGZFF | F ...
Palamina Acquires Esperanza Project South East of the Berenguela Silver-Copper-Manganese Deposit
TMX Newsfile· 2025-12-18 13:30
Toronto, Ontario--(Newsfile Corp. - December 18, 2025) - Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) has acquired 100% of the mineral rights to the Esperanza concession covering a 60.75 hectare area located in the Santa Lucia district in southeastern Peru. Esperanza lies adjacent to Aftermath Silver Ltd.'s (TSXV: AMM) Berenguela silver copper manganese project which is hosted within a surface area of approximately 50 hectares. Berenguela hosts a current mineral resource estimate of 122.5 million ounces of sil ...