Mineral Resource Expansion
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Osisko Intersects 330.6 Metres Averaging 0.46% Cu in Southern Extension at Gaspé
Globenewswire· 2025-11-12 11:00
Core Insights - Osisko Metals Incorporated announced new drill results from the Gaspé Copper Project, highlighting significant mineralization and potential resource expansion [1][2][31] Summary by Category Drill Results - Drill hole 30-1115 reported 33.0 metres averaging 1.28% Cu and 8.89 g/t Ag, indicating high-grade mineralization within the C Zone skarn horizon [5][9] - Drill hole 30-1117 showed 779.0 metres averaging 0.26% Cu, extending mineralization to a vertical depth of 991 metres [10] - Drill hole 30-1118 revealed 555.9 metres averaging 0.20% Cu, with additional deeper intersections [11] - Drill hole 30-1123 recorded 313.5 metres averaging 0.23% Cu and 220.5 metres averaging 0.20% Cu, indicating both infill and expansion potential [12] - Drill hole 30-1126 demonstrated 804.0 metres averaging 0.24% Cu, extending mineralization to a vertical depth of 1033 metres [14] - Drill hole 30-1128 encountered 330.6 metres averaging 0.46% Cu, including a high-grade interval of 14.5 metres averaging 2.51% Cu [16][17] Resource Expansion - The current drill program aims to convert the November 2024 Mineral Resource Estimate (MRE) to Measured and Indicated categories and test for deeper and lateral expansions [22] - The Gaspé Copper Project hosts significant undeveloped copper resources, with current Indicated Mineral Resources of 824 million tonnes averaging 0.34% CuEq and Inferred Mineral Resources of 670 million tonnes averaging 0.38% CuEq [31] Geological Context - Mineralization at Gaspé Copper is characterized as porphyry copper/skarn type, with various mineralizing events recognized throughout the system [20] - The drilling strategy involves targeting altered calcareous stratigraphy, intersecting key skarn horizons that host the bulk of the disseminated copper mineralization [23]
Osisko Intersects 330.6 Metres Averaging 0.46% Cu in Southern Extension at Gaspé
Globenewswire· 2025-11-12 11:00
Core Viewpoint - Osisko Metals Incorporated has announced new drill results from the Gaspé Copper Project, indicating significant mineralization and potential resource expansion in the Gaspé Peninsula of Eastern Québec [1][29]. Summary by Category Drill Results - The latest analytical results include 35 mineralized intercepts from ten new drill holes, focusing on upgrading inferred mineral resources to measured or indicated categories and expanding resources outside the current model [2][20]. - Notable drill results include: - Drill hole 30-1128: 330.6 metres averaging 0.46% Cu (0.49% CuEq - expansion) [4][7]. - Drill hole 30-1115: 33.0 metres averaging 1.28% Cu (1.36% CuEq - expansion) [4][6]. - Drill hole 30-1117: 779.0 metres averaging 0.26% Cu (0.34% CuEq - infill and expansion) [4][9]. Mineralization Details - The mineralization at Gaspé Copper is characterized as porphyry copper/skarn type, with various mineralizing events recognized throughout the system [18]. - Drill hole 30-1117 extended mineralization to a vertical depth of 991 metres, while drill hole 30-1126 extended it to 1033 metres [9][13]. - Drill hole 30-1128 identified a new mineralized zone not previously recognized, with significant high-grade intervals [15]. Resource Expansion Strategy - The current drill program aims to convert the November 2024 Mineral Resource Estimate (MRE) to Measured and Indicated categories and to test for deeper and lateral expansions of the mineralization [20]. - The November 2024 MRE indicated significant resources, with 824 million tonnes averaging 0.34% CuEq and 670 million tonnes averaging 0.38% CuEq in the inferred category [29]. Project Background - Osisko Metals acquired a 100% interest in the Gaspé Copper mine in July 2023, which is strategically located near existing infrastructure in a mining-friendly region [29]. - The Gaspé Copper project hosts the largest undeveloped copper resource in eastern North America, emphasizing its potential for future development [29].
Mako Mining (OTCPK:MAKO.F) 2025 Earnings Call Presentation
2025-11-11 14:00
Financial Performance & Growth - Mako generated revenues of US$111.9 million TTM and US$67.3 million in 1H 2025[7] - Adjusted EBITDA was US$55.7 million TTM[9], with US$48.6 million in EBITDA[55] - Net income reached US$23.3 million TTM and US$18.2 million in 1H 2025[7,55] - The company sold 34,695 oz of Au in 2023 and 39 Koz of Au in 2024[7] Asset Development & Expansion - Mako intends to acquire Mt Hamilton Project for approximately US$40 million[9] - Eagle Mountain Project PEA highlights potential for production of +60k oz/year Au[9] - San Albino mine is permitted up to 1,000tpd[43] Capital Structure & Investments - Mako's market capitalization is US$436 million[10] - The company has US$60.3 million in cash and no debt[10] - US$2.9 million in share repurchases in TTM[9]
Abitibi Metals 150m Step-Out Extends B26 Western Copper-Gold Zone With 8.16% CuEq Over 3.2m Within 11.0m at 3.93% CuEq, Highlighting Significant Expansion Potential
Newsfile· 2025-10-30 10:00
Core Insights - Abitibi Metals Corp. has reported significant assay results from its Phase 3 drill program at the B26 Polymetallic Deposit in Québec, confirming strong continuity and expansion potential in the Western Copper-Gold Zone with a notable 150-metre step-out that intersected high grades [3][4][5] - The ongoing drilling program has completed 16,990 metres of the planned 20,000 metres, with results indicating that the B26 deposit remains open at depth and along strike, suggesting a larger mineralized system than previously defined [3][4][5] Expansion of High-Grade Zones - The latest drilling results have expanded the high-grade Western Copper-Gold Zone, with hole 1274-25-373W1 returning 3.2 metres at 8.16% CuEq within an 11.0-metre interval at 3.93% CuEq, highlighting the potential for resource growth [5][14] - The results from the Phase 3 program continue to validate the continuity of mineralization at depth, reinforcing the scale and continuity of the B26 system [7][14] Zinc-Silver VMS Zone Expansion - The zinc-silver VMS zone has also shown significant expansion, with hole 1274-25-371W1 intersecting 7.2 metres at 2.29% CuEq, confirming continuity of mineralization at depths of up to 225 metres [16][17] - The results indicate strong growth potential for the zinc-silver zone, which remains open along strike and at depth, with additional follow-up drilling planned [16][17] New Discoveries - A new copper-gold zone has been identified approximately 300 metres west of the current block model, with hole 1274-25-372 intersecting 25 metres of copper mineralization, including notable grades of 0.9% Cu and 0.9 g/t Au [18][19] - This discovery may represent the emergence of a new copper-gold shoot, providing further growth opportunities for the project [19] Future Plans - The company is fully funded through 2027 and plans to initiate a 20,000-metre Phase 4 drilling program in 2026 to drive further value creation [4][5] - Ongoing results and additional assays are expected to contribute positively to the expansion of the mineral resource base at B26 [7][10]
Wesdome Intersects New Zone at Kiena's Dubuisson Deposit
Globenewswire· 2025-10-27 10:30
Core Insights - Wesdome Gold Mines Ltd. has announced the discovery of a new mineralized zone at the Dubuisson deposit, which is part of the Kiena Mine Complex in Val-d'Or, Québec, indicating significant resource expansion potential [1][2][3] Exploration and Drilling Results - Drill hole DB-25-068 intersected 4.1 g/t Au over 25.8 metres, with a notable inclusion of 6.1 g/t Au over 6.1 metres, highlighting the potential for bulk-tonnage mineralization at Kiena [2][3][20] - The new zone is located approximately 100 metres below and laterally to the Dubuisson North Zone, interpreted to be situated between the Dubuisson North and South zones, suggesting a promising opportunity for depth expansion [2][3] - The 2025 drilling campaign has completed 41 holes totaling 11,361 metres, significantly more than the 53 holes drilled in the previous three years, indicating the underexplored nature of the Dubuisson deposit [3][4] Geological Characteristics - The Dubuisson deposit features a stacked system of quartz-tourmaline veins within altered diorite intrusive units, differing from the Kiena Deep deposit, and is characterized by steeply dipping units trending east-west [5][6] - Structural observations suggest that the veins dip shallowly to the north, although true width estimates remain uncertain due to the limited number of drill holes completed [6][7] Resource Estimates - Current estimates for the Dubuisson deposit include a probable reserve of 36,400 ounces at 5.8 g/t Au, an indicated resource of 18,000 ounces at 4.6 g/t Au, and an inferred resource of 55,600 ounces at 5.4 g/t Au [4][8] Future Plans - The company plans to conduct at least one follow-up hole before the end of the current barge drilling season, with a larger barge-based drilling program scheduled to commence in summer 2026 [3][13]
Bunker Hill Announces Agreement to Acquire the Historic Ranger-Page Silver- Lead-Zinc Mines to Expand Exploration Potential in the Silver Valley of Idaho
Globenewswire· 2025-10-27 10:15
Core Points - Bunker Hill Mining Corp. has entered into an asset purchase agreement to acquire the Ranger-Page property, which includes six past-producing underground high-grade silver-lead-zinc mines located adjacent to the Bunker Hill Mine in Idaho [1][2] - The acquisition is expected to consolidate a historically productive area, increasing the mineral claim package by approximately 1,205 acres (4.8 km²) and providing an extensive historical geological database [2][4] - The acquisition aligns with Bunker Hill's ongoing plans to restart operations at the Bunker Hill Mine, targeted for H1 2026, enhancing future resource expansion and mill feed sources [5][12] Strategic Highlights - The Ranger-Page Mines will create a contiguous land package exceeding 6,200 acres (25 km), making it one of the largest holdings in the Silver Valley [5] - Historical drilling indicates high-grade silver-lead-zinc mineralization remains open at depth, with significant exploration potential [5][9] - Existing infrastructure at the Ranger-Page Mines will provide flexibility for future mine planning and exploration access [5][10] Transaction Summary - Bunker Hill will acquire 100% of Silver Dollar's interest in the Ranger-Page Mines for a total consideration of US$2.4 million, consisting of 23,333,334 Bunker Hill Common Shares [11][12] - The completion of the acquisition is subject to approval from the TSX Venture Exchange [12] - Payment shares will be released to the vendor in stages over a 12-month period [12] Community Benefits - The acquisition has the potential to create more local employment opportunities and stimulate procurement from regional suppliers, benefiting local communities [5]
Blackrock Silver Drills 5.03 Metres of 750 g/t AgEq (Including 1.83 Metres of 1,661 g/t AgEq) and Reports Multiple Thick Mineralized Zones in First Assays from Eastern Expansion Drill Program at Tonopah West
Newsfile· 2025-10-27 09:00
Core Insights - Blackrock Silver Corp. has reported significant assay results from its Eastern Expansion Drill Program at the Tonopah West project, indicating high-grade mineralization and broad zones of silver and gold intercepts [1][3][6] Eastern Expansion Program Highlights - The Eastern Expansion Program is a follow-up to the Scout Program completed in February 2025, targeting a 1.2-kilometre trend of prospective shallow mineralization [4][5] - The program commenced in July 2025 and involved a total of 6,798 metres drilled across 24 drillholes, with 22 completed [5] Assay Results - Notable assay results include: - TXC25-166: 5.03 metres grading 750 g/t AgEq, including 1.83 metres grading 1,661 g/t AgEq [6][8] - TXC25-159: 8.75 metres grading 193 g/t AgEq, including 0.82 metres grading 1,217 g/t AgEq [6][8] - TXC25-164: 5.67 metres grading 263 g/t AgEq, including 1.1 metres grading 955 g/t AgEq [6][8] - TXC25-160: 1.52 metres grading 807 g/t AgEq [6][8] - Assays for 13 drillholes are still pending [6][12] Mineralization Potential - Thick intervals of mineralization were noted, ranging from 5.03 to 8.75 metres, suggesting significant tonnage potential in the Eastern Expansion Zone [9] - The mineralized structure identified in TXC25-166 offsets previous high-grade results from the Scout Program, indicating continuity of mineralization [7][10] Quality Assurance - All sampling is conducted under strict supervision, ensuring a reliable chain of custody and accurate assay results [16][17] Company Overview - Blackrock Silver Corp. is focused on precious metal exploration and development, with a portfolio of properties in Nevada known for low-sulphidation, epithermal gold and silver mineralization [19]
Windfall Drilling at Gold Bar Mine Complex Intersects Significant Mineralization: 2.4 GPT Oxide Gold Over 74.7 Meters & 6.1 GPT High-Grade Gold Over 6.1 Meters
Globenewswire· 2025-10-22 10:00
Core Viewpoint - McEwen Inc. reports positive results from its 2025 drilling program at Windfall, part of the Gold Bar Mine Complex, aimed at increasing gold resources, extending mine life, and lowering production costs [1][3][10]. Summary by Sections Drilling Program and Results - The Windfall drilling program is part of several initiatives to enhance the Gold Bar Mine Complex, with the average grade mined in the first half of 2025 being 0.76 gpt Au [3][10]. - New drilling results indicate significant near-surface oxide gold mineralization along a 1.6-kilometer section of the Windfall fault zone, with potential for further expansion [6][10]. - Drill hole WF039 reported 2.43 gpt gold over 74.7 meters, with other notable results including 4.57 gpt over 12.2 meters and 1.70 gpt over 64.0 meters from different drill holes [9][28]. Resource Estimates - The company anticipates that incorporating the 2024-2025 Windfall drill results will positively impact the resource size, which currently includes 423,000 ounces in the Measured and Indicated categories and 84,000 ounces in the Inferred category [8][10]. - The newly discovered gold mineralization extends beyond previous resource estimates, with promising grades and thicknesses that could be processed using heap leach recovery [10][31]. Future Plans - The company plans to continue resource-definition and expansion drilling in the Windfall area, test higher-grade zones, and publish an updated resource estimate [18]. - The Windfall area is situated on patented claims, which may expedite the permitting process for production [31]. Company Overview - McEwen Inc. operates in mineral-rich regions, including Nevada, Ontario, and Argentina, and is also considering reactivating a gold and silver mine in Mexico [12]. - The company holds a 46.4% interest in McEwen Copper, which is developing the Los Azules copper project in Argentina, valued at approximately US$456 million [13]. Leadership and Strategy - Chairman Rob McEwen has invested over US$200 million personally and aligns his interests with shareholders by taking a nominal salary, aiming to enhance profitability and share value [15].
ATEX Drills New Highest-Grade Intercept in First Phase VI Drill Hole Hitting 164 Metres of 2.72% CuEq Including 40 Metres of 4.73% CuEq in the B2B Zone
Newsfile· 2025-10-21 11:00
Core Insights - ATEX Resources Inc. has reported exceptional initial results from its Phase VI drill campaign at the Valeriano Copper-Gold Project, with drill hole ATXD25C intersecting 164 meters of 2.72% copper equivalent (CuEq), including 40 meters of 4.73% CuEq, marking the highest-grade intercept to date in the B2B Zone [1][2][3] Drill Results - Drill hole ATXD25C intersected 164 meters of 2.72% CuEq, comprising 1.69% copper and 0.97 g/t gold, with notable intervals of 86 meters at 3.77% CuEq and 40 meters at 4.73% CuEq starting from 1,558 meters downhole [3][4] - The results indicate a broader intercept of 528 meters at 1.32% CuEq from 1,302 meters downhole, suggesting potential for increased grade in the B2B Zone [3][4] - The B2B Zone remains open in all directions, highlighting the potential for further mineral resource expansion [3][4] Phase VI Drill Program - The Phase VI drill program is fully operational with six rigs targeting approximately 25,000 meters of exploration, which commenced six weeks earlier than the previous Phase V program, reflecting improved operational efficiency [9] - The primary objective is to further define the high-grade B2B Zone, which has shown record initial results, potentially enhancing the overall grade profile of the Valeriano Project [9] Future Exploration - Additional drill holes, including ATXD26B, ATXD23A, and ATXD30, are currently in progress, targeting high-grade mineralization and new discovery areas, with assay results pending [10][12] - The ongoing exploration aims to confirm high-grade mineralization along strike and test untested geophysical anomalies, indicating a strategic focus on expanding the resource base [10][12] Company Overview - ATEX is exploring the Valeriano Copper-Gold Project located in the Atacama Region, Chile, which is part of an emerging copper-gold porphyry mineral belt [14] - The project hosts a significant mineral resource, with an indicated resource of 475 million tonnes at 0.88% CuEq and an inferred resource of 1,511 million tonnes at 0.75% CuEq, as reported on September 23, 2025 [14]
Abitibi Metals Expands B26 Mineralization: 150m Step-Out Confirms Continued Growth in the Western Down-Plunge
Newsfile· 2025-10-17 11:00
Core Insights - Abitibi Metals Corp. is advancing its Phase 3 drill program at the B26 polymetallic deposit in Québec, confirming the expansion of the mineralized footprint beyond the current Mineral Resource Estimate [2][4] - The company has successfully completed 21 drill holes, totaling approximately 17,500 meters, with a focus on high-grade zones in the Western Down-Plunge area [3][5] - The results from the drilling program indicate significant potential for further mineralization growth, reinforcing B26 as a leading copper-gold project in Québec [4][5] Company Developments - Abitibi Metals currently owns 50% of the B26 deposit and has the option to earn an additional 30% from SOQUEM Inc. [2] - The Phase 3 drill program has strategically designed step-out holes to test and expand the current resource model, with preliminary results showing strong mineralization [4][5] - The company is utilizing three drill rigs to target high-priority expansion zones, indicating a robust commitment to resource growth [5][7] Mineralization Insights - Drill hole 1274-25-373-W1 intersected approximately 27 meters of mineralization, including a potential high-grade core of 7.3 meters, extending beyond the current resource boundary [5][6] - The Western Down-Plunge area has shown mineralization at depths of 150 meters and 100 meters beyond the current model, confirming the potential for significant resource expansion [5][7] - Visual observations from Phase 3 drilling indicate strong continuity across the B26 horizon, which remains open in multiple directions, highlighting further growth potential [5][6] Future Prospects - The ongoing drilling efforts are focused on defining high-grade zones and expanding the mineralized footprint, with planned drilling of 2,000 meters for Rig 1 and 3,350 meters and 3,920 meters for Rigs 2 and 3 respectively [7] - The successful expansion across multiple zones positions B26 as one of Québec's most advanced copper-gold growth stories, with a strong outlook for future resource development [5][12]