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Osisko Intersects 1117.5 Metres Averaging 0.25% Cu at Gaspé
Globenewswire· 2025-09-04 10:00
Core Viewpoint - Osisko Metals has reported significant new drilling results from the Gaspé Copper Project, highlighting the longest continuous mineralization intercept to date of 1117.5 meters averaging 0.25% Cu, 1.81 g/t Ag, and 0.022% Mo, which indicates strong potential for resource expansion and upgrade in mineral resource categories [1][2][9]. Summary by Relevant Sections Drilling Results - Drill hole 30-1097 achieved the longest intersection of 1117.5 meters with an average of 0.25% Cu, 1.81 g/t Ag, and 0.022% Mo, including a deeper expansion of 426.0 meters averaging 0.27% Cu [2][9]. - A total of over 65,000 meters of drilling has been completed with 10 drills on site, and the current drilling program will continue until December 2025 [2][4]. Mineral Resource Estimate (MRE) - The updated MRE is expected to be released in Q1 2026, focusing on upgrading inferred mineral resources to measured or indicated categories [2][4][17]. - The current drill program aims to convert the November 2024 MRE to Measured and Indicated categories and test for deeper and lateral expansions [17]. Mineralization Characteristics - The Gaspé Copper mineralization is characterized as porphyry copper/skarn type, with significant occurrences of chalcopyrite, pyrite, and molybdenite [15]. - High molybdenum grades (up to 0.5% Mo) have been noted in specific zones away from Copper Mountain [15]. Company Background - Osisko Metals is focused on the Gaspé Copper Project, which hosts the largest undeveloped copper resource in eastern North America, 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 [25][26]. - The company acquired a 100% interest in the Gaspé Copper mine from Glencore Canada Corporation in July 2023 [25].
Scorpio Gold Drills 1.24 Grams per Tonne Gold over 92.81 Metres at the Manhattan District, Nevada
Newsfile· 2025-08-25 10:00
Core Insights - Scorpio Gold Corp. announced initial results from Phase One of its 2025 drilling program at the Manhattan District Project in Nevada, highlighting significant gold mineralization [1][3] - The drilling program aims to explore the Gap Zone, Mustang Hill, and Zanzibar Trend, with the first results confirming mineralization in the previously undrilled Gap Zone [2][3] - The company anticipates a maiden resource estimate for Manhattan in Q3 2025, with further assay results pending [1][3] Drilling Results - Hole 25MN-011 returned 1.24 grams per tonne (g/t) gold over 92.81 meters, including 19.01 g/t over 3.05 meters [5][10] - Hole 25MN-012 showed lower grade mineralization, with 0.24 g/t gold over 6.10 meters [9][10] - The results from both holes indicate the presence of mineralization along the Reliance Trend, with potential for resource expansion at depth [3][5] Geological Context - The Gap Zone connects the historic West Pit and Goldwedge mines, presenting an opportunity for resource expansion [2][3] - The Manhattan District has historically produced approximately 700,000 ounces of gold and is interpreted as a low sulfidation epithermal gold-rich deposit [14][17] - The ongoing drilling program is expected to confirm the continuity of high-grade zones and contribute to near-term resource expansion potential [3][14]
Emerita Intersects 16.9 Meters Grading 1.4% Copper, 2.1% Zinc, 0.93 g/t Gold, 42.66 g/t Silver and 7.2 Meters Grading 1.0% Copper, 1.9% Zn, 1.31 g/t Gold, 60.10 g/t Silver at El Cura Deposit
Globenewswire· 2025-08-20 11:00
Core Insights - Emerita Resources Corp. is expanding its drilling campaign at the El Cura deposit, part of the Iberian Belt West project, to increase resource tonnes with high-grade gold and copper mineralization [1][2][9] - The company has approved an additional 10,000 meters of diamond drilling to convert Inferred Mineral Resource Estimates to Indicated Mineral Resource Estimates and to extend known resource areas [2][26] Recent Drilling Results - Recent drill results include significant intercepts such as: - Drill hole EC057: 3.1m grading 2.3% copper, 1.8% lead, 4.7% zinc, 2.21 g/t gold, and 78.71 g/t silver [6] - Drill hole EC062: 7.2m grading 1.0% copper, 1.4% lead, 1.9% zinc, 1.31 g/t gold, and 60.10 g/t silver [6] - Drill hole EC067: 16.9m grading 1.4% copper, 1.0% lead, 2.1% zinc, 0.93 g/t gold, and 42.66 g/t silver [6] - Drill hole EC068: 2.7m grading 1.3% copper, 1.0% lead, 3.2% zinc, 1.58 g/t gold, and 46.59 g/t silver [6] Geological Insights - The drilling has revealed a distinct westward plunge to the deposit, with ongoing efforts to trace this trend and grow the resource [8] - Historical drilling underestimated the depth potential of the deposit, with Emerita's recent holes demonstrating mineralization extending significantly deeper than previously thought [9] Future Plans - The company plans to continue delineating the El Cura resource, which has not been fully outlined, indicating potential for further discoveries below historic investigations [9][26] - The ongoing success of the drilling program has prompted the company to focus on understanding the structural controls of mineralization to maximize exploration efficiency [26]
Osisko Metals Intersects 731 Metres Averaging 0.29% Cu at Gaspé
Globenewswire· 2025-08-13 10:00
Core Viewpoint - Osisko Metals has announced promising new drill results from the Gaspé Copper Project, indicating significant resource expansion potential and the possibility of increasing the mineral resource estimate (MRE) in the upcoming update scheduled for Q1 2026 [1][2][19]. Summary by Relevant Sections Drill Results - New analytical results include 20 mineralized intercepts from 7 new drill holes, with infill intercepts aimed at upgrading inferred mineral resources and expansion intercepts potentially leading to additional resources [3][5]. - Drill hole 30-0872 returned 92.1 metres averaging 0.24% Cu and 3.05 g/t Ag, followed by a higher grade intercept of 47.2 metres averaging 1.14% Cu and 11.8 g/t Ag, extending mineralization to a vertical depth of 390 metres [9][10]. - Drill hole 30-1085 intersected 219.0 metres averaging 0.41% Cu and 2.79 g/t Ag, and a second intercept of 754.5 metres averaging 0.24% Cu, extending mineralization to a vertical depth of 1110 metres [10][12]. - Drill hole 30-1092 returned 331.5 metres averaging 0.37% Cu and 3.21 g/t Ag, located 230 metres south of the 2024 MRE model [11]. - Drill hole 30-1096 intersected 730.7 metres averaging 0.29% Cu, extending mineralization to a vertical depth of 1062 metres [13]. - Drill hole 30-1099 showed 614.7 metres averaging 0.23% Cu, extending mineralization in the porphyry core of the deposit to a vertical depth of 1000 metres [15]. Resource Expansion Plans - The current drill program aims to convert the November 2024 MRE to Measured and Indicated categories and test the expansion of the system deeper and laterally [19]. - Additional drill holes are planned in the resource expansion target area, covering a surface of 450 metres by 550 metres, which is expected to add significant new tonnage to the MRE update [2][19]. Company Background - Osisko Metals is focused on the Gaspé Copper project, which hosts the largest undeveloped copper resource in eastern North America, 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 [29][30].
LIFT Announces Commencement of Drilling at the Yellowknife Lithium Project, NWT
Newsfile· 2025-08-06 07:05
Core Viewpoint - Li-FT Power Ltd. has announced the commencement of a drilling program at the Yellowknife Lithium Project, scheduled for August 25, 2025, focusing on high-grade spodumene intercepts [1][27]. Drilling Program Details - The 2025 drilling program will consist of 10 holes totaling 3,445 meters, targeting the Shorty (2,655 m) and Nite (790 m) dykes [2][5]. - Drilling will be conducted at inferred spacing of 100 meters to a true vertical depth of 300-350 meters from the surface [2][5]. - The Shorty pegmatite corridor is at least 1.4 km long and up to 100 m wide, with individual dykes varying from 2 to 40 m in width [6][19]. Targeted Areas and Historical Results - The Shorty dyke will have eight new holes drilled, focusing on extending previously identified spodumene intercepts, including notable results of 1.24% Li2O over 53 m and 0.97% Li2O over 33 m from earlier campaigns [7][8]. - The Nite pegmatite complex will have two new deep holes drilled, targeting areas with previous intercepts of 1.38% Li2O over 11 m and 0.63% Li2O over 23 m [19][25]. Current Mineral Resource Estimate - The current mineral resource estimate for the Yellowknife Lithium Project includes 50.4 million tonnes grading 1.00% Li2O, equating to 506,000 tonnes of Li2O, positioning it as one of the largest spodumene projects in North America [25][27]. - The project ranks among the top 10 largest spodumene projects in the Americas based on the estimated resource and grade [27]. Company Overview - Li-FT Power Ltd. is focused on the acquisition, exploration, and development of lithium pegmatite projects in Canada, with the Yellowknife Lithium Project being its flagship [29].
INTEGRA ANNOUNCES RESULTS FROM NEAR-MINE OXIDE GOLD DRILLING AT FLORIDA CANYON; GROWTH POTENTIAL CONFIRMED AND DRILL PROGRAM EXPANDED
Prnewswire· 2025-08-05 10:30
Core Viewpoint - Integra Resources Corp. has announced initial results from its 2025 resource growth drilling program at the Florida Canyon Mine, aiming to expand mineral reserves and resources, extend mine life, and enhance the mine's value [1][4]. Group 1: Drilling Program Overview - The 2025 growth drilling program targets three key areas: near-surface oxide potential from historical low-grade gold-mineralized waste, expanding in-situ resources between existing mine open pits, and testing lateral extensions and in-pit infill drilling [2][12]. - The drill program's scope has been increased from approximately 10,000 meters to 16,000 meters due to initial drilling success, with about 5,700 meters of reverse circulation drilling completed to date [2][10]. Group 2: Opportunity 1 - Near-Surface Oxide Potential - Initial results from the North Mine Dump indicate broad, near-surface intervals of oxide gold mineralization, with significant gold grades and excellent heap leach potential [4][8]. - Key intercepts include: - FCM25-0569: 0.28 grams per tonne (g/t) oxide gold over 68.6 meters - FCM25-0570: 0.36 g/t oxide gold over 71.6 meters - FCM25-0575: 0.37 g/t oxide gold over 47.2 meters, including 4.53 g/t oxide gold over 1.5 meters - Approximately 70% of drill intercepts exceed the current mine cut-off grade of 0.11 g/t gold [9][16]. Group 3: Opportunity 2 - Expanding In-Situ Resources - Drilling in the Inter-Pit areas has confirmed broad, near-surface intervals of gold mineralization with consistent grades, indicating potential for resource expansion [12][16]. - Notable intercepts include: - FCM25-0588: 0.47 g/t gold over 39.6 meters (North Pit) - FCM25-0591: 0.27 g/t gold over 114.3 meters (Central/Radio Tower Saddle) - FCM25-0600: 0.25 g/t oxide gold over 73.2 meters (Central/Radio Tower Saddle) - Approximately 40% of drill intercepts within the Radio Tower Pit exceed the current mine cut-off grade of 0.14 g/t gold, while about 35% of remaining Inter-Pit intercepts exceed 0.11 g/t gold [16][18]. Group 4: Future Plans and Expectations - The 2025 drill program is expected to support a mineral resource and reserve update, along with a revised life-of-mine plan in the first half of 2026 [11][19]. - Preliminary volume and grade estimation work is underway for the North Dump and South Dump, with further details anticipated in the coming months [11][10].
Almadex Provides Review of Canadian Zinc-Silver Assets Including the Logan Project
Globenewswire· 2025-07-25 17:32
Core Viewpoint - Almadex Minerals Ltd. is advancing its Logan Zinc-Silver Project in Yukon, Canada, while also holding a 2% net smelter return royalty on the Tim Property, which is being developed by Coeur Mining, indicating strong potential for resource expansion and strategic partnerships in critical minerals [1][5][11]. Logan Project Highlights - The Logan Project is located 108 km northwest of Watson Lake, Yukon, and contains a significant zinc-silver resource, with mineralization starting at surface and extending to at least 275 meters in depth [2][4]. - The mineral resource estimate includes an Indicated Mineral Resource of 2.6 million tonnes grading 5.1% zinc and 23.1 g/t silver, and an Inferred Mineral Resource of 16.9 million tonnes grading 4.3% zinc and 18.2 g/t silver [9]. - Drill results indicate excellent continuity of mineralization and potential for resource expansion both laterally and at depth, with historical drill core re-analysis revealing economically significant indium values averaging 35 ppm and up to 273 ppm [3][4]. Tim Property NSR - Almadex holds a 2% NSR royalty on the Tim Property, which is being advanced by Coeur Mining under an option agreement, allowing Coeur to earn up to an 80% interest through staged exploration expenditures [6][11]. - Coeur has invested approximately $1.6 million to date, completing various exploration activities including a six-hole, 2,250-meter drill program in 2024 [7][10]. - Recent geological observations suggest that Tim may host a productive Carbonate Replacement Deposit (CRD) system, with significant silver-lead-zinc potential [8][11]. Strategic Significance - The combination of the Logan Project's updated mineral resource and Almadex's strategic royalty exposure at Tim positions the company as a unique participant in the critical and precious metals landscape in Yukon and northern British Columbia [11][15]. - The company is currently focused on a large regional exploration program in the western United States while seeking a qualified partner to advance the Logan Project [5][11].
Abitibi Metals Expands Mineralization with Successful Step-Out Drilling at B26 Deposit
Newsfile· 2025-07-21 11:00
CEO Update - Video London, Ontario--(Newsfile Corp. - July 21, 2025) - Abitibi Metals Corp. (CSE: AMQ) (OTCQB: AMQFF) (FSE: FW0) ("Abitibi" or the "Company") is pleased to report on the progress of its ongoing Phase 3 drill program at the B26 Polymetallic Deposit in Québec. Drilling has successfully intersected mineralization outside the current Mineral Resource Estimate ("MRE"), confirming expansion potential in multiple directions. The Company currently owns 50% of the B26 Deposit and retains the option t ...
Nova Minerals Ramps Up Drilling at RPM
Globenewswire· 2025-07-21 10:30
Core Viewpoint - Nova Minerals Limited has commenced its 2025 drilling program at the high-grade RPM deposit, with initial geological observations showing promising results and expectations for assay results in the coming months [1][3][4]. Group 1: Drilling Program Details - The drilling program includes two diamond drill rigs and one reverse circulation (RC) rig operating continuously during daylight hours in Alaska [1]. - Initial drillholes in the RPM Valley zone have shown promising sulfide mineralization and quartz veining, extending the understanding of the mineralized intrusive body further north [3][5]. - The RC drilling program has effectively penetrated glacial till, confirming the presence of mineralized valley-fill material with an average of over 1g/t gold across surface samples, extending approximately 1.7 kilometers with an estimated thickness of nearly 40 meters [4][5]. Group 2: Resource Expansion and Exploration - The diamond drilling at RPM North is focused on testing extensions to the east and west to connect with the RPM Valley zone, while an additional rig targets resource expansion [5]. - Initial closed spaced RC drilling in the Korbel starter pit area has been completed, with samples to be sent for analysis shortly [5]. - Further exploration activities, including mapping, sampling, environmental studies, and access road projects, are ongoing as part of the Pre-Feasibility Study (PFS) [5]. Group 3: Project Overview - Nova Minerals Limited is focused on advancing the Estelle Project, which encompasses 514 km of mining claims in Alaska, containing multiple mining complexes and over 20 advanced gold and antimony prospects [11][13]. - The project is located in the Tintina Gold Belt, known for its significant gold endowment exceeding 220 million ounces [11][13].
Torex Gold Reports Excellent Drilling Results from EPO
Newsfile· 2025-07-16 22:00
Core Insights - Torex Gold Resources Inc. reports excellent drilling results from the northern extension of the EPO deposit, indicating strong potential for resource expansion and enhanced production profiles beyond 2035 [1][4][31] Drilling Results - The recent drilling program has yielded high-grade intercepts, including 55.18 grams per tonne (gpt) AuEq over 20.1 meters in drill hole ML24-1049DA, and 4.92 gpt AuEq over 35.7 meters in ML24-1042 [3][7] - The northern portion of EPO mineralization extends over an area of at least 500 x 200 meters with vertical continuity exceeding 100 meters [3][12] Resource Expansion - The 2024 drilling program successfully added approximately 233,000 gold equivalent ounces (oz AuEq) to Inferred Resources, primarily from the northern area of the deposit [2][7] - The ongoing drilling aims to upgrade Inferred Resources to Indicated Resources, with expectations for a significant increase in resources by the year-end 2025 mineral reserve and resource update [9][16] Production Outlook - Torex is on track to achieve first production from EPO by the end of 2026, with a projected minimum annual production of at least 450,000 oz AuEq through 2030 [4][31] - The company has budgeted approximately $10 million for drilling at EPO, with $5 million allocated specifically for the northern extension [17][32] Geological Context - The EPO deposit is characterized by a complex geological setting, including the Morelos Formation and various intrusive phases, which contribute to the mineralization [18][19] - The mineralization is controlled by structural features such as the La Avispa fault, which influences the distribution of mineralized zones [11][19]