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SAGA Metals Defines Key Structural Geology at Trapper South & Provides Corporate Update
Globenewswire· 2025-12-17 13:00
Core Insights - SAGA Metals Corp. has successfully completed the logging of all eight drill holes in the Trapper zone and has sent three additional holes for analysis, indicating progress in critical mineral exploration [1][3][11] Drilling and Sampling Highlights - A total of 2,050 meters of drilling has been conducted across the Trapper North and South zones, confirming extensive oxide mineralization and validating a 3 km ground magnetic anomaly [3][15] - Five out of eight drill holes have been sent for assaying, totaling 473 samples, with a projected total of 1,313 samples expected to be shipped for analysis [3][11] - The assay turnaround time is estimated at 3 to 4 weeks once samples arrive at the lab [3] Geological Findings - Significant structural data has been identified in Trapper South, particularly in hole R-0014, which revealed impressive rhythmic magnetite layering and provided insights into the regional structural geometry [2][4][7] - The Western Anomaly in Trapper South has been defined with a strike length of 1.4 km and a width of approximately 150 m, while the Eastern Anomaly measures 700 m with a similar width [10] Future Plans and Objectives - The completion of the initial phases of the mineral resource estimate drill program will inform future drilling plans for early Q1 2026 [11][16] - The next drilling campaign will target the integration of structural interpretations and geological correlations to support a mineral resource estimate at the indicated level of confidence [17] Company Overview - SAGA Metals Corp. is focused on the exploration and discovery of critical minerals, with the Radar Project encompassing 24,175 hectares and hosting the Dykes River intrusive complex [23][27] - The company aims to position itself as a strategic supplier of titanium, vanadium, and iron to North American markets, leveraging its unique geological assets [19][23]
Osisko Development Provides Infill Drilling Update on Its 13,000-m Program at Cariboo Gold Project; Intercepts Include 8.56 g/t Au Over 8.5m from 60.5m Depth, and 130.32 g/t Au Over 0.5m from 83.5m Depth
Globenewswire· 2025-12-15 13:00
Core Insights - Osisko Development Corp. has announced new infill drilling results from its ongoing 13,000-meter program at the Cariboo Gold Project, with a total of approximately 10,000 meters completed, representing about 72% of the planned drilling [2][3]. Drilling Program Overview - The infill drilling program commenced in August 2025 and is focused on the Lowhee Zone of the Cariboo Gold Project, which is 100% owned by the company [2]. - A total of 5,983 meters of drilling has been completed, with 3,704 meters reported in this release, indicating that approximately 44% of the planned drilling has been executed [5]. Assay Results - The assay results include significant gold grades, such as 8.56 grams per tonne (g/t) over 8.5 meters from a depth of 60.5 meters, and 16.95 g/t over 4.0 meters from 80 meters depth [5][6]. - The results are consistent with modelled reserve stopes and indicate potential for additional mineralization in previously unexplored areas [5][9]. Future Implications - The ongoing infill drilling is expected to refine production designs and sequencing, with the program set to conclude in the first quarter of 2026 [4][5]. - The data gathered will inform an updated local block model and may lead to the addition of new planned reserve stopes based on the final estimation process [9][10].
Americas Gold and Silver Completes Strategic Acquisition of the Crescent Silver Mine in Idaho
Newsfile· 2025-12-12 17:57
Core Viewpoint - Americas Gold and Silver Corporation has successfully completed the acquisition of Crescent Silver, LLC, which owns the Crescent Mine in Idaho, enhancing its operational capabilities and resource base in the region [1][2]. Acquisition Details - The acquisition consideration includes US$20 million in cash and approximately 11.1 million common shares of Americas [2]. - The Crescent Mine is strategically located just 9 miles from the Galena Complex, allowing for operational synergies [3]. Operational Strategy - The company plans to restart the Crescent Mine, which is a fully permitted past-producing mine, to provide a high-grade source of feed for the Galena Complex mills [3]. - The mineralized material at Crescent is similar to that at Galena, containing high-grade silver and potential by-products such as antimony and copper, aligning with the company's strategy to maximize production value across metals [3]. Financial Position - The company recently completed a US$132 million over-subscribed bought deal financing, which positions it well for the anticipated capital investments needed to advance Crescent into production [4]. - The company is fully funded for its growth plans and will continue its aggressive exploration drilling program across both the Crescent and Galena assets [4]. Historical Resource Information - The Crescent Mine has produced over 25 million ounces of silver at an average grade of 26 opt (891 g/t) from 1917 to 1981 [6]. - The property hosts a historical Measured and Indicated resource of 3.8 million ounces and an Inferred Resource of 19.1 million ounces [6][9]. - The 2015 Preliminary Economic Assessment (PEA) projected a production of approximately 15 million ounces of silver and 5.8 million pounds of copper over an 11-year mine life, with an average annual production of 1.4 million ounces of silver and 0.5 million pounds of copper [11]. Company Overview - Americas Gold and Silver Corporation is a growing North American mining company focused on producing silver, copper, and antimony from high-grade operations in the U.S. and Mexico [13]. - The company aims to be a leading North American silver producer and a key source of U.S.-produced antimony, with significant ownership in the Galena Complex and Cosalá Operations [13].
TRX Gold(TRX) - 2025 Q4 - Earnings Call Presentation
2025-12-10 14:30
Financial Performance & Production - TRX Gold achieved record quarterly gold production of 6,404 oz and sales of 6,977 oz in Q4 2025, a 37% increase over Q3 2025[15] - Fiscal Year 2025 gold production was 18,935 oz[14,16,18] - Fiscal Year 2025 revenue reached $57.6 million[14,18,19] - Adjusted EBITDA for Fiscal Year 2025 was $22.0 million, with a 38.2% margin[14,18,19] Growth & Expansion - The company is expanding the Buckreef Gold Project, targeting an average of 62,000 oz Au per year over 17.6 years through underground expansion[13,30] - A Preliminary Economic Assessment (PEA) projects a pre-tax NPV 5% of $1.9 billion and a post-tax NPV 5% of $1.2 billion at $4,000/oz Au[13,30] - Growth capital of $89 million is planned over the next 4 years for expansion[13,30] - The company is commencing build-out of a larger processing facility than contemplated in the PEA, funded from internal cash flow over the next 18–24 months[16] Resources & Exploration - The Buckreef Gold Project has Measured & Indicated Resources of 893,000 oz Au at 2.57 g/t Au and Inferred Resources of 726,000 oz Au at 2.47 g/t Au[13,35,67] - Exploration upside includes the Stamford Bridge Zone, with drill results including 37 m @ 6.86 g/t Au from 130 m[30,55,56]
AbraSilver Intercepts 274 Metres Grading 0.60 g/t Gold from 251 Metres Depth at Oculto East, Highlighting Potential for an Underlying Porphyry System
Newsfile· 2025-12-10 12:30
Core Insights - AbraSilver Resource Corp. announced significant assay results from its Diablillos project in Argentina, highlighting a 274-meter interval grading 0.60 g/t gold, including a high-grade section of 23 meters at 2.83 g/t gold, indicating strong potential for an underlying porphyry system [1][2][4] Exploration Results - The drill hole DDH 25-085 at Oculto East confirmed a broad mineralized corridor, with the high-grade interval reinforcing the continuity of gold mineralization in the area [5][9] - Additional drill holes, DDH 25-083 and DDH 25-082, also reported gold mineralization, with 26 meters at 0.74 g/t gold and 12 meters at 0.44 g/t gold, respectively [5][6] Geological Implications - The results from DDH 25-085 suggest a vertically extensive mineralization system, characteristic of fertile porphyry environments, with significant copper and molybdenum values indicating a potential porphyry center [4][5] - The geological features observed, such as silicification and advanced argillic-silicic alteration, are consistent with the upper levels of well-developed porphyry systems [5][12] Future Plans - The Phase V drill program is on track for completion by year-end, with plans for a Phase VI drill program in January 2026, focusing on resource expansion and deeper porphyry-related targets [16] - An updated Mineral Resource estimate is scheduled for H1 2026, which will inform an updated Mineral Reserve and mine plan [16] Company Overview - AbraSilver is focused on advancing its 100%-owned Diablillos silver-gold project, which has shown strong growth potential based on recent exploration drilling [25] - The current Measured and Indicated Mineral Resource estimate for Diablillos consists of 73.1 million tonnes grading 79 g/t silver and 0.66 g/t gold, with significant upside potential [25]
Zephyr Provides Update
Newsfile· 2025-12-09 12:50
Core Insights - Zephyr Minerals Ltd. has engaged Pinyon Environmental, Inc. to conduct a comprehensive water monitoring program to support the resubmission of a mining permit application for its Dawson Gold Property in Colorado, with monitoring set to begin this month and continue quarterly until December 2026 [1] Company Developments - Ms. Suzan Frazer has retired as corporate secretary after serving since the company's inception in 2010, with Mr. David Felderhof succeeding her [2] Dawson Gold Property Overview - The Dawson Gold Deposit has an Inferred Mineral Resource of 343,000 tonnes grading 12.11 g/t for 133,500 ounces of gold at a 5 g/t cut-off, and 116,300 ounces at 10.55 g/t with a 40 g/t top cut, with the estimate effective as of July 19, 2013 [3] - A Preliminary Economic Assessment (PEA) from March 21, 2017, indicated robust economics with an all-in sustaining cost (AISC) of $692 per ounce, based on a gold price of $1,250/oz [3] - The project has significant exploration potential, particularly at depth and along the 700-metre-long Sentinel zone, which has not been drill tested [3] - The Dawson project benefits from a small footprint for the proposed underground mine, ownership of necessary lands, a favorable climate for year-round operations, and nearby infrastructure [3] Company Strategy - Zephyr Minerals is focused on obtaining a mining permit for the Dawson Gold property and advancing the project to the next development stage [4] - The company is also awaiting the Zimbabwean Government's decision on two Exclusive Prospecting Orders covering 124,000 hectares, which are prospective for gold and lithium [4]
Orezone Intercepts 3.28 g/t Gold Over 26.00m and 5.55 g/t Gold Over 15.00m at P17 Zone in Advance of Hard Rock First Gold
Globenewswire· 2025-12-03 22:29
VANCOUVER, British Columbia, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Orezone Gold Corporation (TSX: ORE | ASX: ORE | OTCQX: ORZCF) (the “Company” or “Orezone”) is pleased to report shallow, high-grade confirmatory grade control drill results from the P17 Zone at its flagship Bomboré Gold Mine. The P17 Zone is a high-grade hard rock deposit outcropping at surface located at the southern end of the Bomboré mining lease. In addition to several phased oxide pits, which have locally been advanced into the hard rock, t ...
SAGA Metals Completes Phase 1 & Commences Phase 2 of Drilling at Radar Project in Labrador—Confirms Extensive Oxide Mineralization Over 1.5 Km & Provides Corporate Update
Globenewswire· 2025-12-03 13:00
Core Insights - SAGA Metals Corp. has successfully completed the first phase of drilling in the Trapper Zone, confirming extensive oxide mineralization over 1.5 km of the 3+ km strike within the Radar Project's Trapper Zone [1][2][4] Drilling Program Details - Phase 1 drilling in Trapper North involved four drill holes totaling 1,073 m, targeting a strong magnetic anomaly identified in the 2025 ground geophysical survey [4][18] - Phase 2 has commenced in Trapper South, with two drill holes completed to date, totaling 445 m [1][4] - Drill holes R-0008, R-0009, and R-0010 demonstrated significant semi-massive to massive oxide mineralization, with cumulative core lengths of 156 m, 165 m, and 139.5 m respectively [2][7][8] Geological Insights - The drilling has confirmed a likely structural repetition of cumulate oxide layers, indicating a strong magnetic response [2][8] - R-0011 intersected both semi-massive to massive cumulate oxides and a separate unit of rhythmic banded oxide mineralization, further supporting the geological model [2][8] Sample and Assay Updates - The first 420 core samples from the Fall 2025 Drill Program have been shipped, with results expected within 3 to 4 weeks [9][10] - The sampling interval has been adjusted to 2.0 m based on previous assay results from the Hawkeye zone [9] Future Plans - The drilling program aims to establish a maiden mineral resource estimation with a total of 15,000 m planned [19] - The company will continue drilling in both the North and South sections of the Trapper Zone before the seasonal break, focusing on understanding grades, widths, and structures [18][14] Strategic Positioning - The Radar Project is positioned as a potential strategic supplier of titanium, vanadium, and iron to North American markets, comparable to global Fe–Ti–V systems [20][26] - SAGA Metals Corp. is focused on critical minerals that support North America's supply security, with a diverse portfolio including the Radar Titanium Project and other properties [26][29]
Blackrock Silver Announces Final Assays from Eastern Expansion Drill Program at Tonopah West
Newsfile· 2025-12-02 11:00
Blackrock Silver Announces Final Assays from Eastern Expansion Drill Program at Tonopah WestThe Eastern Expansion Drill Program Identified Several Mineralized Northwest Structures Hosting Shallow Mineralization Encountered Within a 1.2 Kilometre TrendDecember 02, 2025 6:00 AM EST | Source: Blackrock Silver Corp.EASTERN EXPANSION PROGRAM HIGHLIGHTS:At least three mineralized northwest oriented structures have been identified within the 1.2 kilometre eastern expansion trend running parallel to t ...
Carlton Precious Provides Esquilache Project Update
Globenewswire· 2025-12-01 12:00
TORONTO, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Carlton Precious Inc. (TSX-V: CPI | OTCQB: CPIFF) (“Carlton” or the “Company”) is pleased to provide an update to investors on its Esquilache Silver project (“Esquilache” or the “Project”) located in the Puno region of Southern Peru. Esquilache covers 1,600 hectares that include historical mine workings formally developed by Hochschild Mining PLC (“Hochschild”). Carlton owns the project 100% and royalty free after buying back the Project's royalties in 2022. Althou ...