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Strickland Metals Limited (ASX:STK) Earnings Call Presentation
2025-09-08 22:00
Project Overview - Strickland Metals' Rogozna project in Serbia is a significant gold and base metals project with an estimated 7.4Moz AuEq inferred resource [9, 19, 64] - The company has a solid financial foundation with a market capitalization of A$328M (US$216M) and cash reserves of A$52.2M (US$34.4M) to support its growth program [9, 13, 64] - A 50,000m diamond drilling program is underway, focused on resource expansion and new discoveries [9, 19, 21] Resource Estimates - The Shanac deposit contains 150Mt @ 1.1g/t AuEq for 5.30Moz AuEq JORC 2012 inferred resources [24, 29] - This includes a higher-grade zone of 32Mt @ 1.8g/t AuEq for 1.85Moz AuEq (using a >1.2g/t AuEq cut-off grade) [24, 32] - The Medenovac deposit holds 21Mt @ 1.9g/t AuEq for 1.28Moz AuEq JORC 2012 inferred resources [40] - The Copper Canyon deposit contains 28Mt @ 0.9g/t AuEq for 0.81Moz AuEq JORC 2012 inferred resources [48] Exploration Highlights - Drilling at Shanac has revealed a new high-grade copper-gold zone [24, 29] - Significant drill intercepts at Shanac include 309.3m @ 1.2g/t AuEq from 264.3m, including 61.8m @ 2.4g/t AuEq from 505.2m [28, 32] - At Gradina, drilling highlights include 62.7m @ 3.5g/t Au from 386.0m, including 27.8m @ 6.3g/t Au from 388.0m [37] - The Kotlovi prospect, a new discovery, shows potential scale with intercepts like 277.3m @ 1.3g/t AuEq from 337.4m [45, 47] Shareholder Structure - Top 20 shareholders hold 53% of the company [13] - Board and management hold 4.6% of the company [13]
Abitibi Metals Extends B26 Mineralization & Increases Grade: Reports 3.65% CuEq Over 21.1m Within Interval of 1.55% CuEq Over 69.0m
Newsfile· 2025-09-03 11:00
Core Insights - Abitibi Metals Corp. has reported significant assay results from its Phase 3 drill program at the B26 Polymetallic Deposit, indicating strong mineralization and growth potential [3][4][5] Drilling Program Details - A total of 9,060 meters has been drilled out of a planned 17,500 meters for Phase 3, with completion expected by the end of November 2025 [3] - The company currently owns 50% of the B26 Deposit and has the option to earn an additional 30% from SOQUEM Inc. [3] Significant Assay Results - Hole 1274-17-269W3 reported 3.65% CuEq over 21.1 meters within an interval of 1.55% CuEq over 69.0 meters, indicating high-grade mineralization [4] - Additional holes, including 1274-17-269W1b and 1274-17-269W2b, also showed promising results with CuEq values of 3.41% and 3.25% respectively, confirming the expansion of high-grade zones [4][11] Resource Growth Potential - The results validate the continuity of mineralization at depth and support the expansion of the B26 footprint beyond the current resource boundary [4][6] - The current resource estimate stands at 11.3 million tonnes at 2.13% CuEq (Indicated) and 7.2 million tonnes at 2.21% CuEq (Inferred) [6][25] Future Plans - The company is fully funded through Q1 2027 and plans to budget approximately 25,000 additional meters for Phase 4 drilling in 2026 based on ongoing exploration success [4][5] - The focus will also shift towards making new discoveries across Abitibi's 3,328-hectare property in Q4 2025 and Q1 2026 [11]
Blue Star Announces Completion of Non-Brokered Private Placement
Newsfile· 2025-08-25 23:00
Group 1 - Blue Star Gold Corp. has completed a Private Placement, raising gross proceeds of $1,739,999.90 through the issuance of 1,600,000 flow-through units at $0.15 each and 10,714,285 units at $0.14 each [1] - The company focuses on mineral exploration and development in Nunavut, Canada, with landholdings totaling 300 square kilometers in the High Lake Greenstone Belt [2] - Blue Star owns the Ulu Gold Project and the Roma Project, with a significant high-grade gold resource at the Flood Zone deposit and numerous high-potential exploration targets [2] Group 2 - The company is listed on the TSX Venture Exchange under the symbol BAU, on the U.S. OTCQB under BAUFF, and on the Frankfurt Exchange under 5WP0 [3] - The future deep-water port at Grays Bay is located 40 - 100 km north of the properties, with a proposed route corridor for the all-weather Grays Bay Road passing close to the Roma and Ulu Gold Projects [2]
AbraSilver Extends Gold Zone at Diablillos Project with Additional Broad Intercepts at Oculto East
Newsfile· 2025-08-25 11:30
Core Viewpoint - AbraSilver Resource Corp. has announced significant assay results from its ongoing Phase V exploration program at the Diablillos project in Argentina, indicating an expansion of the gold-bearing zone at Oculto East, which is a key focus area for the company [1][2]. Summary by Sections Drill Results - The latest drill holes have confirmed the continuity of mineralization beyond the current Mineral Resource outline, with notable intercepts including: - DDH 25-060A: 60.0 m at 1.05 g/t gold, including 17.0 m at 2.83 g/t gold [5][8]. - DDH 25-067: 16.0 m at 1.74 g/t gold and 17.3 g/t silver [5][9]. - DDH 25-068: 21.0 m at 1.51 g/t gold and 49.5 g/t silver, followed by 64.0 m at 0.54 g/t gold and 19.8 g/t silver [5][11]. Exploration Program - The ongoing 20,000-metre Phase V drill program is progressing well, with three active rigs focusing on extending the gold zone at Oculto East beyond the existing Mineral Resource boundary [13]. - The results received so far indicate a broad zone of gold-dominant mineralization extending at least 200 metres east of the current open pit boundary, highlighting strong potential for further Mineral Resource expansion [13]. Project Overview - The Diablillos property is located in the Puna region of Argentina and comprises 15 contiguous mineral concessions acquired by AbraSilver in 2016 [17]. - 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, containing approximately 186 million ounces of silver and 1.6 million ounces of gold [25]. Management Commentary - The President and CEO, John Miniotis, expressed encouragement regarding the drilling results, which demonstrate the continuity of mineralization and strengthen confidence in the growth potential at Diablillos [7]. - Chief Geologist, Dave O'Connor, noted that the latest intercepts indicate that gold mineralization extends further east than previously modeled, emphasizing the focus on determining the full size and continuity of the expanding higher-grade gold zone [7].
West Red Lake Gold Expands High-Grade Zone in South Austin with 36.85 g/t Au over 6.9m, 92.39 g/t Au over 2m and 8.79 g/t Au over 15.5m
Globenewswire· 2025-08-12 13:07
Core Insights - West Red Lake Gold Mines Ltd. has reported significant drill results from its 100% owned Madsen Mine in the Red Lake Gold District, Ontario, Canada, highlighting the potential for high-grade gold mineralization [1][2][44]. Summary by Sections Drill Results - The South Austin Zone has an Indicated mineral resource of 474,600 ounces grading 8.7 grams per tonne gold, with an additional Inferred resource of 31,800 ounces at the same grade [2][44]. - Recent drilling has confirmed high-grade mineralization, with notable intercepts including 6.9 meters at 36.85 g/t Au and 2 meters at 92.39 g/t Au [7][9][22]. Historical Context - The Madsen Mine's mineral resources are estimated at a cut-off grade of 3.38 g/t Au, based on a gold price of US$1,800 per ounce [5][44]. - The mine currently hosts a National Instrument 43-101 Indicated resource of 1.65 million ounces grading 7.4 g/t Au and an Inferred resource of 0.37 million ounces grading 6.3 g/t Au [44][45]. Geological Insights - The South Austin Zone is characterized by a complex geological structure, with mineralization occurring within broad alteration corridors that have been reactivated during gold mineralization events [26][27]. - High-grade zones are visually identifiable by fine grains of free gold and are associated with strong alteration and veining [29][30]. Future Plans - The ongoing underground drilling program aims to further define near-term mining inventory and expand the current mineral resource, focusing on higher-grade portions of the Austin, South Austin, North Austin, and McVeigh Zones [30][44].
Strong drilling targets identified next to high-grade gold-copper mine
Globenewswire· 2025-08-11 22:48
Core Insights - Cygnus Metals Limited is mobilizing an additional drill rig to explore new high-potential targets adjacent to a historic high-grade mine in the Chibougamau Copper-Gold Project, with a resource update expected next month [1][5][10] - The company is leveraging historical drilling data and innovative AI solutions to identify new drilling targets, which have already shown promising results in previous explorations [2][9] - The Chibougamau area has a rich history of high-grade gold and copper production, with significant unmined resources remaining at the Cedar Bay mine, which could be expanded through systematic exploration [4][8][11] Company Developments - Cygnus is actively processing over 100,000 historical documents to enhance its exploration strategy, which has already yielded successful results at the Golden Eye project [9][10] - The company aims to increase the remaining unmined high-grade resource at Cedar Bay, currently estimated at 130,000 tonnes at 8.9% CuEq indicated and 230,000 tonnes at 8.5% CuEq inferred [8][29] - Recent drilling results from Corner Bay will be incorporated into the upcoming resource update, showcasing significant intersections that highlight the potential for resource growth [10][14] Industry Context - The Chibougamau region is noted for its well-established infrastructure, including a processing facility capable of handling 900,000 tonnes per annum, which positions the project favorably for copper-gold development [11] - The historical production record of the Chibougamau area includes nearly 1 million tonnes of copper and 3.5 million ounces of gold, indicating a strong mining legacy [6][11] - The Cedar Bay mine, which closed in 1990, produced 400,000 ounces of gold and 61,000 tonnes of copper, demonstrating the area's potential for high-grade mineralization [7][8]
Antipa Minerals (AZY) 2025 Earnings Call Presentation
2025-08-05 08:45
Project Overview - Antipa Minerals holds a 100% ownership of the Paterson Province landholding, featuring the Minyari Dome gold-copper development project[1] - The project has a pre-tax NPV7% of A$834 million at a gold price of A$3,000 per ounce[16, 21] - The project has a gold equivalent resource of 2.9 million ounces[21] - The project has a contained gold only resource of 2.4 million ounces[21] Financials and Operations - The initial gold output is projected at 1.3 million ounces, averaging 130,000 ounces per year for the first 10 years[21] - The initial capital cost is estimated at A$306 million, including A$90 million for pre-production mining[21] - The project anticipates a 3 Mtpa throughput for a 10+ year initial processing life[21] - The project has an IRR of 52% pre-tax at a gold price of A$3,000 per ounce[21] Exploration and Resources - The company has A$71 million cash position[16] - The company has a land package of over 4,100km2[16] - The company has a mineral resource of 2.5 Moz of gold, 84,000 t of copper, and 666 koz of silver[16]
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]