Workflow
Mineral Resource Estimation
icon
Search documents
Forsys Reports Drilling Results from Norasa
Globenewswire· 2025-09-02 11:00
Core Insights - Forsys Metals Corp. has announced further drilling results from its ongoing extension and exploration drilling program at the Valencia deposit, part of the Norasa Uranium project [1][5] - The recent drilling program has involved 115 boreholes totaling 11,739 meters, with significant mineralized intercepts reported [2][10] - The results indicate new uranium mineralization and encouraging infill grades, which could enhance ore tonnage and reduce the stripping ratio within the modelled pit [3][4] Drilling Results - The Valencia Main Pit drilling aims to expand the resource and upgrade the resource through infill drilling, targeting 26 million tonnes (Mt) of Indicated Resource to convert to Measured status [6] - Highlights from the Valencia Main include 407 ppm eU3O8 over a 53-meter interval in drillhole VA25-229 and 364 ppm eU3O8 over a 55-meter interval in drillhole VA25-264 [6] - At Valencia South, follow-up drilling has reported 338 ppm eU3O8 over a 13-meter interval and 282 ppm eU3O8 over a 54-meter interval in drillhole VA25-289 [6] Resource Expansion - Drilling at Valencia West has established a link with the Main resource, with results including 271 ppm eU3O8 over a 9-meter interval in drillhole VA25-288 [6] - Valencia East drilling has identified additional mineralization, with highlights including 184 ppm eU3O8 over a 25-meter interval in drillhole VA25-295 [12] - The Jolie Zone has shown continuity of mineralization with significant results, including 623 ppm eU3O8 over an 11-meter interval in drillhole VA25-273 [12] Future Plans - The company is preparing for drilling at the Namibplaas uranium property, with drilling expected to commence in early September [5] - The ongoing drilling efforts are enhancing resource confidence and expanding geological understanding, supporting the long-term growth potential of the project [5]
Drilling Underway at Pacific Ridge's Kliyul Copper-Gold Project
Newsfile· 2025-08-27 11:00
Core Viewpoint - Pacific Ridge Exploration Ltd. has commenced drilling at its 100% owned Kliyul copper-gold project in British Columbia, aiming to expand its mineral resource estimate and enhance the project's potential [1][3]. Company Overview - Pacific Ridge Exploration Ltd. is focused on becoming a leading copper exploration company in British Columbia, with Kliyul as its flagship project [13]. - The company has invested over $14 million and drilled more than 19,000 meters at Kliyul since 2020 [12]. Project Details - The Kliyul project is located in the Quesnel terrane, covering over 90 km² and is near existing infrastructure [12]. - The current drilling program is planned for 2,500 meters, targeting infill and resource expansion at the Kliyul Main Zone (KMZ) [5]. - KMZ hosts an Inferred Mineral Resource of 334.1 million tonnes grading 0.33% copper equivalent (CuEq), which includes 1.11 billion pounds of copper, 2.74 million ounces of gold, and 10.22 million ounces of silver [5][9]. Mineral Resource Estimate - The effective date of the mineral resource estimate is July 31, 2025, and it follows the Canadian Institute of Mining standards [12]. - The mineralization at KMZ remains open for expansion beyond the current resource reporting shell [5][12]. - The best drilling results from previous years include significant intervals of CuEq, indicating strong mineralization potential [18]. Drilling Results - The drilling results from 2021 to 2023 show increasing mineralized extents, with the best results indicating high-grade intervals [18]. - The last hole of the 2023 drilling program returned a significant mineralized interval, suggesting a potential higher-grade porphyry center at KMZ [18].
Lake Victoria Gold Secures Updated Environmental Approval, Strengthening Development Pathway at Imwelo
Newsfile· 2025-08-21 10:00
Core Viewpoint - Lake Victoria Gold Ltd. has received approval from the Tanzanian National Environment Management Council for the updated Environmental and Social Management Plan for the Imwelo Gold Project, allowing the project to advance under existing permits [1][2]. Project Overview - The Imwelo Gold Project is located in the Geita Region of northwestern Tanzania, near AngloGold Ashanti's Geita Gold Mine, and is fully permitted under a 10-year mining license [5][9]. - The updated Environmental and Social Management Plan (ESMP) includes mitigation measures for environmental and social impacts, community engagement, and monitoring commitments [3][4]. Management Commentary - The approval of the updated ESMP is seen as a significant milestone, confirming the project's environmental soundness and social responsibility [4]. - The management team is focused on practical steps to bring the Imwelo project into production, leveraging a straightforward mine plan and existing regional infrastructure [4]. Strategic Context - The project aims for first gold production within 12 months of commencing construction, supported by a positive Pre-Feasibility Study completed in 2021 [5][17]. - The average grade of the first development zone, Area C, is reported at 3.7 g/t Au, with historical intercepts indicating high-grade potential [6][8]. Historical Resource Estimate - The historical resource estimate includes 42,000 ounces measured at 3.15 g/t, 95,700 ounces indicated at 1.95 g/t, and 153,900 ounces inferred at 1.53 g/t [12]. - The resource estimate is based on a detailed review and is relevant for assessing the project's merits, although it is not classified as current [13]. Development Pathway - The project is designed as a low-capex starter open-pit mine, with potential for underground expansion [8][11]. - Preparatory works include ball mill refurbishment and planning for tailings and water storage, with strong community engagement embedded in the ESMP [15]. Partnerships and Funding - Strategic support has been secured from Taifa Group, a leading mining contractor in Tanzania, which will provide execution capability for the project [19]. - The company has executed a non-binding term sheet for a gold prepay financing facility to fund pre-production activities, minimizing shareholder dilution [15].
Orezone Intercepts Further High-Grade Mineralization Below Life of Mine Pits Including 1.59 g/t Gold Over 48.00m and 1.09 g/t Gold Over 45.00m
Globenewswire· 2025-08-19 11:30
Core Insights - Orezone Gold Corporation has reported additional drill results from its Bomboré Gold Mine, confirming the continuity of higher-grade mineralization beneath current resource pits, indicating significant exploration potential [1][3][5]. Exploration Results - Approximately 30,000 meters of exploration drilling was completed in H1-2025, with notable results including: - Extension of North Zone footwall mineralization up to 200 meters below current reserve pits, with grades of 2.55 g/t Au over 23.00 meters and 1.14 g/t Au over 29.50 meters [5]. - Extension of the P17S high-grade sub-zone by 300 meters down plunge, with a grade of 7.40 g/t Au over 6.70 meters [5]. - Identification of multiple broad near-surface strike extensions, including 2.22 g/t Au over 14.00 meters and 1.12 g/t Au over 10.00 meters [5]. Future Plans - Drilling will continue in H2-2025, aiming to increase Bomboré's global resource from 5 million ounces to a target of 7 to 10 million ounces, with an overall production increase to 220,000-250,000 ounces per annum [6]. North and P8P9 Zones - The North Zone continues to define and expand mineralized trends along a 3 km strike length, with mineralization associated with specific geological features [6][7]. - The P8P9 Zone has shown potential for wide zones of mineralization, with significant intercepts including 1.09 g/t Au over 45.00 meters within a broader intercept of 0.64 g/t Au over 157.00 meters [11][10]. Selected Drill Highlights - Recent drilling confirmed the down plunge continuity of higher-grade mineralization in the North Hill sub-zone, with intercepts of 1.59 g/t Au over 48.00 meters and 1.97 g/t Au over 16.10 meters [9]. - The P8P9 Zone has been defined over a 1.6 km strike length, with discrete higher-grade lenses within broader low-grade zones [10].
Brixton Metals Drills 28.35m of 1.63 g/t of Gold, 76.79 g/t Silver, 0.61% Copper and 1002 g/t Antimony at the Northside Vein, Camp Creek Area
Globenewswire· 2025-08-19 11:30
Core Insights - Brixton Metals Corporation announced strong assay results from its near-surface drilling program at the Camp Creek area, indicating significant mineralization of gold, silver, copper, and antimony [1][3][6] Drilling Results - The drilling program at Camp Creek consisted of 12 holes totaling 2165 meters, with ongoing drilling at the Trapper Gold Target and Catalyst Copper-Gold Porphyry Target [1] - Hole THN25-325 reported notable intervals, including 1.40m of 7.11 g/t gold, 262 g/t silver, 0.76% copper, and 1840 g/t antimony from a depth of 114.10m, and 28.35m of 1.63 g/t gold, 76.79 g/t silver, 0.61% copper, and 1002.41 g/t antimony from 158.65m depth [6][7] - The Northside Vein mineralization has been extended to an estimated total strike of 800m, remaining open along strike and at depth [6][10] Future Plans - The company aims to conduct further shallow drilling in the Camp Creek area to establish a resource estimate and define the limits of the mineralization [3][10] - Additional drilling is recommended to explore the Northside Vein, which has shown widths of up to 20m [10]
Seabridge Gold Intersects Significant Porphyry Mineralization at Snip North
Newsfile· 2025-08-12 11:30
Core Viewpoint - Seabridge Gold has confirmed the presence of a significant copper-gold porphyry deposit at the Snip North target, with promising initial drill results indicating substantial mineralization [2][3]. Group 1: Drill Results - The first three drill holes at Snip North have successfully extended the mineralized footprint, revealing wide intervals of porphyry-style mineralization with notable copper and gold grades [2]. - Hole SN-25-25 intersected 729 meters of 0.48 gpt Au and 0.16% Cu, including 254 meters of 0.77 gpt Au and 0.31% Cu [6]. - Hole SN-25-26 showed 340.8 meters of 0.51 gpt Au and 0.11% Cu, while Hole SN-25-27 recorded 267.6 meters of 0.44 gpt Au and 0.15% Cu [7]. Group 2: Geological Insights - The mineralization at Snip North measures approximately 1,700 x 600 x 600 meters, with drilling aimed at achieving a density of pierce points for a maiden resource estimation [3]. - The drill holes encountered multiple generations of veining and mineralization, with distinct zonation including potassic and phyllic alteration [3][4]. - Intense alteration and mineralization were observed in coarser-grained sandstone and volcaniclastic units compared to finer-grained siltstones [3]. Group 3: Future Plans - The company plans to announce a resource estimation for Snip North early next year, following the completion of a 12,000-meter drill program [2][3]. - The ongoing drilling is designed to further define the extent of the mineralized zone and support future resource calculations [10].
Prime Mining Reports Q2 2025 Financial and Operating Results
Globenewswire· 2025-08-12 01:03
Core Viewpoint - Prime Mining Corp. reported strong operational and financial results for Q2 2025, highlighting a significant increase in cash reserves and a proposed acquisition by Torex Gold, which offers immediate value to shareholders while reducing development risks [2][9]. Corporate Highlights During the Quarter - The company closed the quarter with CAD 32.7 million in cash and equivalents, a substantial increase from CAD 19.1 million at the end of 2024 [14]. - Prime Mining exercised 97% of its June warrants, contributing to the increase in cash reserves [2][14]. - The selection of Ausenco as the lead engineer for the Preliminary Economic Assessment (PEA) of the Los Reyes project was announced [3][8]. Project Highlights - The Los Reyes Gold-Silver Project is a high-grade, low-sulphidation epithermal project located in Sinaloa State, Mexico, with significant exploration activities ongoing [18]. - The company has invested CAD 66.7 million in direct exploration activities since acquiring Los Reyes in 2019, completing over 221,000 meters of drilling [18]. - An updated resource estimate as of October 15, 2024, indicated a total indicated resource of 1.49 million ounces of gold and 53.99 million ounces of silver [21][28]. Financial Performance - For the six months ended June 30, 2025, the company reported a loss of CAD 6.17 million, an improvement from a loss of CAD 11.94 million in the same period of 2024 [14]. - The loss per share decreased from CAD 0.08 in 2024 to CAD 0.04 in 2025 [14]. - Total assets increased to CAD 46.93 million from CAD 33.18 million at the end of 2024 [14]. Acquisition Details - On July 28, 2025, Prime Mining announced a definitive agreement for acquisition by Torex Gold, where shareholders will receive 0.060 of a Torex share for each Prime share held [10][11]. - The transaction is expected to close in the second half of 2025, subject to regulatory approvals and customary closing conditions [12][16]. Community Engagement and Environmental Stewardship - The company is actively engaged with local stakeholders and is committed to minimizing its environmental footprint while ensuring a positive impact on host communities [5][4]. - Prime Mining has released its inaugural sustainability report and is working on ESG programs to support community and environmental initiatives [6][5].
Carolina Rush Announces Refiling of Maiden Mineral Resource Technical Report for Brewer Gold-Copper Project
Newsfile· 2025-08-09 00:00
Core Viewpoint - Carolina Rush Corporation has amended and refiled its Technical Report for the Brewer Gold-Copper Project following a review by the Ontario Securities Commission, addressing compliance with NI 43-101 standards [1][2]. Summary by Relevant Sections Technical Report Amendments - The amended Technical Report includes an updated in situ mineral resource statement with the following details: - Indicated resources: 6,167 thousand tonnes at an average grade of 0.97 g/t Au and 1,266 ppm Cu, totaling 192 thousand ounces of Au and 16,671 thousand pounds of Cu - Inferred resources: 8,828 thousand tonnes at an average grade of 0.74 g/t Au and 425 ppm Cu, totaling 210 thousand ounces of Au and 8,279 thousand pounds of Cu [2][5]. Compliance and Author Changes - The report now complies with the current CIM Estimation of Mineral Resource and Mineral Reserves Best Practice Guidelines (2019) and has removed Patrick Quigley as a co-author to ensure independence, with Patrick Hollenbeck assuming sole authorship [5][6]. Metallurgical and Resource Constraints - A responsible metallurgical recovery assumption based on historical test work was applied, and the mineral resource was constrained within a conceptual open-pit shell to demonstrate reasonable prospects for eventual economic extraction [5][6]. Backfill Mineral Resource Statement - The backfill mineral resource statement remains unchanged, with a total of 11,900 thousand tonnes at an average grade of 0.36 g/t Au and 345 ppm Cu, totaling 139 thousand ounces of Au and 9,050 thousand pounds of Cu [8][11]. Company Overview - Carolina Rush Corporation is focused on advancing the Brewer Gold-Copper Project in South Carolina, which is located near OceanaGold's Haile Gold Mine and has potential for both near-surface and deep mineralization [14].
Aldebaran Reports the Results from Seventeen Infill Holes at the Altar Copper-Gold Project in San Juan Argentina
Globenewswire· 2025-08-07 11:00
Core Viewpoint - Aldebaran Resources Inc. has reported results from the remaining 17 holes of the infill drilling program at the Altar project in San Juan, Argentina, aimed at upgrading resource classifications from Inferred to Measured & Indicated categories [1][7]. Summary by Relevant Sections Drilling Results - Significant results include: - ALD-25-057EXT: 816.15 m of 0.53% CuEq from 184.00 m depth, including 410.00 m of 0.68% CuEq from 530.00 m depth [2] - ALD-25-081DEXT: 721.15 m of 0.41% CuEq from 144.00 m depth, including 112.15 m of 0.66% CuEq from 753.00 m depth [3] - ALD-25-183EXT: 736.00 m of 0.35% CuEq from 240.00 m depth, including 138.00 m of 0.61% CuEq from 838.00 m depth [4] - ALD-25-251B: 836.60 m of 0.44% CuEq from 247.00 m depth [5] - ALD-25-252: 561.50 m of 0.42% CuEq from 438.50 m depth [6] Future Milestones - The company plans to achieve several key milestones for the Altar project: - Preliminary Economic Assessment (PEA) in Q3-2025 - Mineral resource update in Q4-2025/Q1-2026 - Pre-Feasibility Study (PFS) in Q4-2026 [7] Geological Insights - The results from the infill drilling program indicate continuity and grade consistency of the mineralization at the Altar project, which is expected to enhance confidence in the upcoming mineral resource estimates as the project progresses towards the PFS stage [7]. Company Background - Aldebaran Resources Inc. holds an 80% interest in the Altar copper-gold project, which is part of a cluster of world-class porphyry copper deposits in Argentina [15]. The company was spun out of Regulus Resources Inc. in 2018 and has the same core management team [15].
Brightstar Resources (A5J) 2025 Earnings Call Presentation
2025-08-05 03:00
Brightstar's Strategic Positioning and Growth - Brightstar has substantial Mineral Resources of 3.9 million ounces at 1.5g/t Au[22], positioning it uniquely among ASX developers - The company's strategic focus is now on organic growth through resource and reserve upgrades, along with production expansion[22] - The Laverton-Menzies DFS demonstrates compelling Stage 1 economics, with a LOM Free Cash Flow (FCF) of $461 million and an NPV8 of $316 million[22] - Brightstar aims for a Group production profile of over 200,000 ounces per annum by 2029, with the Sandstone processing plant construction planned for the second half of CY27 and first gold production in the second half of CY28[9] Laverton-Menzies Project and Production Expansion - Near-term production growth is targeted to reach approximately 70,000 ounces per annum[24] - The Laverton-Menzies DFS outlines a 5-year production plan, peaking at 91,000 ounces per annum and averaging around 70,000 ounces per annum, supported by Ore Reserves of 235,000 ounces at 1.7g/t Au[42] - The DFS projects an NPV8 of $316 million, an IRR of 73%, and a LOM FCF of $461 million at a spot price of $5,000/oz[42] - The project targets a low-cost operation with LOM unit costs of C1 $2,388/oz and AISC $2,991/oz, achieving payback within one year at the spot price[42] Sandstone Consolidation and Development - The acquisition of Aurumin Ltd consolidates the Sandstone district, establishing a district-scale open pit development opportunity[22] - The proforma Sandstone Mineral Resource grows to 2.4 million ounces at 1.5g/t Au[71] - A Pre-Feasibility Study (PFS) is underway, evaluating a 3-5Mtpa central Sandstone processing capacity, with results expected in the first half of CY26[73] - The company is targeting a Final Investment Decision (FID) for the Sandstone Hub by CY27[73]