Mineral Resource Growth

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Equinox Gold Reports New High-Grade Resource Expansion Drill Results
Newsfile· 2025-07-28 10:00
Core Viewpoint - Equinox Gold Corp. has reported significant high-grade gold mineralization results from its El Limon Mine Complex in Nicaragua, indicating strong potential for resource expansion and new discoveries [1][4][8]. Group 1: Exploration Results - The exploration campaign at El Limon has yielded high-grade intercepts, including 36.77 g/t gold over 6.9 metres and 8.55 g/t gold over 14.6 metres, among others [1][6]. - The drilling results demonstrate the extension of gold mineralization in three key areas: near the Panteon underground mine, along the VTEM Gold Corridor, and in the vicinity of the past-producing Talavera mine [4][8]. Group 2: Resource Growth - Since acquiring El Limon in Q4 2019, the company has achieved over a 700% increase in Mineral Reserves, now totaling 1.12 million ounces of gold at a grade of 4.36 g/t as of year-end 2024 [3][8]. - The company has successfully permitted and brought four new satellite mines into production in Nicaragua, enhancing the long-term value of its assets [5][8]. Group 3: Future Plans - The 2025 exploration strategy will focus on resource expansion and discovery drilling at existing resource zones and high-priority targets, including the VTEM Gold Corridor and Talavera mine [8][9]. - Talavera represents a new opportunity with a newly delineated Inferred Mineral Resource of 630,000 ounces grading 5.09 g/t gold, located less than three kilometres from the El Limon processing facility [9].
Newcore Gold Drilling Intersects 4.41 g/t Gold over 24.0 Metres, including 9.08 g/t Gold over 10.0 Metres, at the Enchi Gold Project, Ghana
Globenewswire· 2025-05-20 10:32
Core Viewpoint - Newcore Gold Ltd. has reported significant drill results from its ongoing 35,000-metre drill program at the Enchi Gold Project in Ghana, highlighting wide zones of higher-grade gold mineralization at the Boin Gold Deposit, indicating strong continuity and potential for resource growth [1][4][15]. Drilling Results - The recent drilling at the Boin Gold Deposit included hole KBRC357, which intersected 4.41 grams per tonne gold over 24.0 metres, with a higher-grade interval of 9.08 g/t Au over 10.0 m [1][5][7]. - Hole KBRC360 intersected 1.58 g/t Au over 52.0 m, including a higher-grade interval of 3.04 g/t Au over 16.0 m [1][5][11]. - A total of 11 RC holes were reported, totaling 2,042 m, with all holes intersecting gold mineralization [4][10][13]. Resource Growth Strategy - The drill program aims to convert Inferred Resources to Indicated, with the first phase focused on resource conversion ahead of a Pre-Feasibility Study [2][15]. - The second phase will target discovery and resource growth, including deeper exploration and earlier-stage targets [2][15]. Project Potential - The company believes that the current drilling has only begun to define the potential of the Enchi Gold Project, comparing it to other multi-million-ounce gold mines in the region [4][17]. - Approximately 40% of the gold-in-soil anomaly at Boin remains untested, with the average depth of drilling only reaching 100 metres [17][21]. Mineral Resource Estimate - The Boin Gold Deposit has an Indicated Mineral Resource of 13.0 million tonnes grading 0.62 g/t Au, containing 258,200 ounces, and an Inferred Mineral Resource of 15.9 million tonnes grading 0.68 g/t Au, containing 349,600 ounces [17][21]. - The overall Enchi Gold Project hosts an Indicated Mineral Resource of 41.7 million tonnes grading 0.55 g/t Au, containing 743,500 ounces, and an Inferred Mineral Resource of 46.6 million tonnes grading 0.65 g/t Au, containing 972,000 ounces [21]. Ongoing Exploration and Development - Additional exploration activities include metallurgical testwork, trenching, hydrogeological testing, and soil sampling to further define early-stage targets [16][24]. - Drone surveys have been completed to enhance topographic information for improving the confidence level of the Mineral Resource Estimate [16].
Cygnus intersects new high-grade gold, plus visible gold* identified in subsequent holes
GlobeNewswire News Room· 2025-04-16 22:39
Core Insights - Cygnus Metals Limited is advancing its Chibougamau Copper-Gold Project in Quebec, focusing on high-grade gold targets, particularly the Golden Eye area, which has not been drilled since the early 1990s [8][9][22] - Recent drilling has confirmed high-grade gold mineralization, with assays showing up to 9.1g/t Au and significant historical intersections indicating strong potential for resource growth [5][11][12] Company Overview - Cygnus Metals Limited is a diversified critical minerals exploration and development company with projects in Quebec and Western Australia, aiming to create shareholder value through resource growth and development [22] - The company is utilizing a cost-effective approach by digitizing over 100,000 documents, including historic drill logs, to generate new drill targets and consolidate geological data [6][15] Drilling Campaign and Results - A recent drilling campaign at Golden Eye involved six holes totaling 1,954 meters, aimed at confirming historic results and extending mineralization at depth [6][11] - Initial assays from the drilling have confirmed high-grade gold intersections, including 3.3m at 6.6g/t Au and 2.3m at 9.1g/t Au [11][12] - The drilling has extended mineralization down to 400 meters below the surface, with visible gold intersected in drill hole LDR-25-08 [11][17] Historical Context - The Chibougamau district has a rich history of gold and copper production, with over 3.5 million ounces of gold produced at an average grade of 2.1g/t Au [6][12] - Golden Eye was identified as a priority target due to its higher gold content compared to copper, making it a unique drilling opportunity within the district [7][9] Future Plans - Cygnus plans to complete an initial Mineral Resource estimate for Golden Eye using both recent drilling data and historic data from 77 holes totaling 21,371 meters [6][13] - The company is focused on resource growth and conversion drilling, employing two rigs on site to expedite exploration efforts [9][15]