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Grid Battery Announces the Completion of the Second Phase of its 2025 Fall Exploration Program on its Gold-Copper Property
Thenewswire· 2025-09-25 11:30
Core Viewpoint - Grid Battery Metals Inc. has completed the second phase of its fall exploration program on its Gold-Copper mineral project in Central British Columbia, focusing on the Jupiter and Starlight claim blocks, which are considered high-priority targets for further exploration [1][4][13]. Exploration Program Details - The 2025 exploration program aimed to evaluate the "Work Area 15" target, identified as a high-priority geochemical anomaly from previous work, with a focus on geological context and rationale [4][5]. - The program included detailed prospecting and rock sampling on the ridge-top anomaly and first-pass soil and rock sampling in the cirque basin below Work Area 15 [6]. Jupiter Claim Block Findings - In the Jupiter Claim Block, additional work involved collecting 25 B-horizon soil samples, silt, and rock samples, with the area containing outcrops of phyllite hosting numerous quartz veins [3][4]. - The exploration targeted a high-priority geochemical anomaly with significant values in pathfinder elements such as Ag, Cu, Mn, and Pb, identified in a previous exploration program [4]. Starlight Claim Block Findings - At the Starlight Claim Block, reconnaissance prospecting and sampling resulted in the collection of 72 rock samples and 24 soil samples, confirming the presence of various intrusive rocks and styles of alteration [11]. - Observations of copper mineralization included malachite, chalcocite, bornite, and chalcopyrite, often associated with altered intrusive rocks [11]. Strategic Positioning - The company's land package is strategically located near several promising projects in British Columbia, including the Mount Milligan mine, which has produced over 1.8 million ounces of gold and 742 million pounds of copper [13][17]. - The region is recognized for its mining-friendly jurisdiction and good infrastructure, making it an attractive area for exploration [13]. Future Plans - The company expects assay results by the end of fall 2025 and plans to devise next exploration steps based on these results [13].
Red Mountain Mining to Acquire Yellow Pine Antimony Project in Historical Stibnite Mining District
Small Caps· 2025-09-25 00:58
Core Insights - Red Mountain Mining has acquired 29 claims for the Yellow Pine antimony project in Idaho, complementing its recent acquisition of the Utah antimony project [1][2] - The Yellow Pine project is located within 2 kilometers of Perpetua Resources' Stibnite gold-antimony project, which has a proven and probable reserve of 4.8 million ounces of gold and 148 million pounds of antimony [2] - The acquisition was made through direct staking with the US Bureau of Land Management for a total consideration of $52,000, funded by internal resources [2] Geological Profile - Historical mapping indicates that the Yellow Pine claims have a similar geological profile to Perpetua's project area, featuring folded Ordovician to Cambrian metasediments intruded by Idaho Batholith granite [3] - Evidence of historical mining activity exists in the claims area, although no modern exploration has been conducted [3] Exploration Plans - Red Mountain's geologists have identified two historical workings that target brecciated quartz veins, likely seeking gold and/or antimony [4] - The initial exploration program will focus on mapping and sampling a northeast-striking fault to demonstrate evidence of antimony-gold mineralization, which will be targeted for drill testing [4] Historical Context - The Stibnite mining district was a significant source of antimony in the early 20th century, with 39,930 tonnes produced at the Yellow Pine and Hangar Flats deposits from 1932 to 1952 [5] - The Stibnite project's proven and probable reserve includes 104 million tonnes at 1.33 grams per tonne gold and 0.06% antimony, equating to 4.8 million ounces of gold and 148 million pounds of antimony [5] Industry Activity - Resolution Minerals, which owns the Horse Heaven antimony project near Perpetua's claims, recognizes the exploration potential of the district [6] Funding Strategy - Red Mountain plans to fund exploration at the Yellow Pine and Utah projects through a $1.5 million share placement, issuing 60 million shares at $0.013 each [7] - The share issuance represents a 4.6% discount to the company's five-day volume weighted average price, with additional shares subject to shareholder approval [7]
First Atlantic Nickel Renames Atlantic Nickel Project to Pipestone XL to Reflect 100% Ownership of 30 km Pipestone Ophiolite Complex and Provides Updates on RPM Phase 2x Program
Globenewswire· 2025-09-24 10:00
Core Insights - First Atlantic Nickel Corp. has renamed its flagship Atlantic Nickel Project to Pipestone XL, highlighting its 100% ownership of the 30-kilometer Pipestone Ophiolite Ultramafic Complex and its district-scale potential for nickel alloy mineralization [1][6] - The company aims to double the strike length and expand the width of the awaruite mineralization at the RPM Zone through the newly designated Phase 2X drilling program [1][11] - The project emphasizes clean energy potential, including ongoing research into geologic hydrogen in collaboration with the Colorado School of Mines [1][3] Company Overview - First Atlantic Nickel Corp. is a Canadian mineral exploration company focused on developing the Pipestone XL project, which is strategically located near existing infrastructure in Newfoundland [36] - The project features awaruite, a naturally occurring nickel-iron-cobalt alloy, which allows for smelter-free magnetic separation, enhancing North America's critical minerals supply chain [36][37] - The company is positioned to meet the growing demand for responsibly sourced nickel, particularly in the context of U.S. critical mineral requirements for electric vehicles [37] Geological Insights - The Pipestone XL project comprises a continuous 30 km belt of serpentinized ultramafic rocks enriched in nickel and chromium, characterized by a strong magnetic anomaly [3][8] - The Phase 1 drilling program at the RPM Zone delineated a 400m x 500m area of disseminated awaruite mineralization, with the highest grades drilled to date [3][10] - Historical drilling in the Atlantic Lake zone revealed 0.22% nickel over 87.15 meters, indicating untested potential at depth [9] Exploration and Drilling Programs - The Phase 2X program aims to systematically expand the known mineralized area using step-out holes, targeting large volumes of disseminated awaruite suitable for bulk mining [12][13] - The company has identified that nickel grades vary by rock type, with broader peridotite units containing higher grades of 0.10-0.17% DTR nickel [14] - The RPM Phase 2X drilling program will utilize an optimal primary orientation from east to west to better intersect mineralized zones [12] Mining Jurisdiction and Infrastructure - Newfoundland and Labrador ranks among the world's top 10 mining jurisdictions, offering streamlined permitting and a skilled workforce [20][24] - The province's efficient regulatory environment has enabled First Atlantic to advance from acquisition to drilling in under 12 months [20] - Recent successful projects, such as Equinox Gold's Valentine Lake Mine, demonstrate Newfoundland's capability to support major mining operations [23]
Homeland Receives Permit to Commence Coyote Drill Program
Newsfile· 2025-09-24 08:00
Core Viewpoint - Homeland Uranium Corp. has received necessary approvals to commence its drilling program at the Coyote Basin Project, marking a significant milestone for the company [1][5]. Group 1: Project Approvals and Plans - The US Bureau of Land Management (BLM) and Colorado Division of Mine Reclamation and Safety (DMRS) have approved the Notice of Intent Permit for the drilling program [2][3]. - The approved drilling will consist of approximately 35 reverse circulation holes totaling around 17,000 feet (5,300 meters), focusing on historical resource-bearing locations [3]. - The entire Phase I exploration plan includes 50 to 70 holes totaling approximately 33,000 feet (10,000 meters) [3]. Group 2: Timeline and Execution - The company plans to finalize service contracts with the preferred drilling contractor and anticipates that the Part 1 drilling program will commence around October 15th [4]. - The timely receipt of the exploration permit is viewed as a significant milestone that shareholders have been awaiting since the company's inception [5]. Group 3: Historical Resource Estimates - The Coyote Basin Project is reported to contain an estimated historical resource of 8,850,000 tons grading 0.20% U3O8, totaling 35.4 million pounds of U3O8 [7]. - The historical resource estimate was calculated by previous operators based on a 1978-79 program involving surface sampling and drilling [7]. Group 4: Company Overview - Homeland Uranium is focused on becoming a premier US-focused uranium explorer and developer, owning the Coyote Basin and Red Wash uranium projects [6]. - The company is in the process of acquiring 100% of the Skull Creek uranium project, which is adjacent to the Red Wash project [6].
Canada One Provides Review of Exploration at Haul Road Zone, Copper Dome Project
Newsfile· 2025-09-23 09:00
Core Insights - Canada One Mining Corp. is advancing exploration at the Haul Road Zone of its Copper Dome Project, focusing on high-confidence areas to enhance the geological model while ensuring disciplined capital allocation [3][4][22] Haul Road Zone Highlights - The Haul Road Zone is strategically located near the Copper Mountain Mine, along a productive intrusive-volcanic contact, with five historical mineral occurrences identified [4][5] - Recent sampling at the Reco Prospect confirmed significant mineralization, with rock samples showing high-grade gold and consistent copper values, indicating strong potential for copper-gold systems [6][7][11] Mineral Occurrences - **Reco Prospect**: Features a sulphidic calcite vein with significant copper and gold assays, including a chip sample of 0.89% Cu and 4.8 g/t Au [8][9] - **St. Louis Prospect**: Hosts a pyrite-pyrrhotite zone extending 600 m east from the Reco Prospect, with mineralization showing >1% sulphides [12][13] - **Johnston Showing**: Recent rock samples returned assays of 2.7% Cu and 0.33 g/t Au, indicating strong mineralization [14][17] - **Enterprise Showing**: Contains mineralization within a volcanic embayment, with a 10-m chip sample analyzing 0.11% Cu [16] - **Elk No.1 Showing**: Features discontinuous K-feldspar veinlets with mineralization of malachite and bornite [18] Project Overview - The Copper Dome Project is located in a prolific mining district, adjacent to Hudbay Minerals' Copper Mountain Mine, which has Proven and Probable Reserves of 702 million tonnes grading 0.24% Cu, 0.09 g/t Au, and 0.72 g/t Ag [21] - The project benefits from excellent infrastructure, allowing for cost-efficient exploration and year-round access [22][23]
Total Metals Corp. Commences 2025 Exploration Program on it's Electrolode Project, Red Lake, Ontario
Thenewswire· 2025-09-19 20:50
Core Viewpoint - Total Metals Corp. has initiated exploration on its 100% owned Electrolode Project, strategically located in the Red Lake District of Northwestern Ontario, with plans for a comprehensive exploration program in 2025 and an anticipated drill program in 2026 [1][8]. Group 1: Exploration Program - The 2025 exploration program will focus on rehabilitating existing infrastructure, sampling historical drill-core for gold, and conducting sampling and mapping in priority target areas [1]. - The exploration will be led by Tim Twomey, an expert in structural geology and Archean lode gold deposits, who aims to test new ideas and explore untested gold potential in the project [2]. Group 2: Leadership and Expertise - Michael Dehn has been appointed as Executive Chairman, bringing 30 years of experience in Canadian exploration and mining, particularly in the Red Lake gold district [3]. - Dehn's background includes significant roles at Goldcorp and a strong understanding of corporate strategy, capital markets, and community stewardship, positioning him as a qualified leader for Total Metals [4][5]. Group 3: Project Details - The Electrolode Project covers 3,000 contiguous hectares and has a history of substantial drilling and modern airborne geophysics, targeting high-potential mineral resources in three favorable geologic trends [8]. - The project is fully permitted for exploration drilling and contains 10 historic mineralized zones with significant expansion potential, along with new, untested targets ready for exploration [8]. Group 4: Marketing Engagement - Total Metals has engaged GRA Enterprises LLC, operating as the National Inflation Association, for dynamic marketing services, including social media management and digital advertising, for a fee of $100,000 USD over 12 months [6].
Silver Bullet Mines Returns 23.6 oz/ton Gold From Concentrate at KT Mine in Arizona
Newsfile· 2025-09-18 19:07
Core Viewpoint - Silver Bullet Mines Corp. (SBMI) has reported highly successful results from a bulk sample taken from the KT Mine in Arizona, indicating significant gold and silver values that align with historical data from the previous owner [1][4]. Group 1: Acquisition and Sampling - SBMI acquired the KT Mine on July 23, 2025, and processed approximately 50 tons from a 400-ton waste material sample, yielding an average of 0.3 oz/ton gold, with peaks of 1.8 oz/ton [2]. - Additional random samples from the concentrate were sent to Activation Laboratories Ltd. for analysis, revealing gold values as high as 23.6 oz/ton and silver values reaching 28 oz/ton [3]. Group 2: Processing and Operations - The company is currently shipping more material from the KT Mine to the mill for processing to produce a concentrate for sale [4]. - SBMI has improved site access and secured the area, with ongoing efforts to define the vein structure, which has been traced for over 1000 feet [5][6]. Group 3: Future Prospects - The KT property and the Super Champ Mine are believed to have significant potential for high-grade gold and silver production, prompting SBMI to work on increasing mill capacity and adding circuits for mineral recovery [9]. - The company is awaiting results from a third-party multi-element analysis on concentrate from the Super Champ Mine to advance the sales process [10].
Decade Resources Reports Expanded Exploration at the North Mitchell Property, Golden Triangle, BC
Newsfile· 2025-09-18 12:00
Core Viewpoint - Decade Resources Ltd. is expanding its exploration efforts at the North Mitchell Property in British Columbia due to positive results from a recent reconnaissance program, indicating potential for significant mineralization in the area [1][10]. Exploration Details - The 2025 field program will include detailed sampling of gossanous base metal-bearing outcrops to determine the width, strike length, and gold-silver tenor of the mineralization [7]. - The North Mitchell Property is located near several significant deposits, including KSM's Iron Cap and Snowfield deposits, which have combined resources of 36.1 million ounces and 34.9 million ounces of gold, respectively [5]. Geological Context - The property is underlain by Hazelton Group volcanic and intrusive rocks, with structures interpreted as splays of the Brucejack Fault, suggesting the potential for an epithermal Au-Ag system with a porphyry source [9]. Resource Estimates - The combined number of reported gold ounces within eight deposits around the North Mitchell Property is estimated at 201.67 million ounces, excluding significant amounts of silver and copper [2].
NorthWest Maintains Option on a Portion of the Arjay Project
Globenewswire· 2025-09-18 11:00
Core Viewpoint - NorthWest Copper is committed to advancing its Arjay project, which is part of its broader strategy to enhance shareholder value through mineral exploration and potential partnerships [1][2][3] Company Overview - NorthWest Copper is a copper-gold exploration and development company with a portfolio of advanced and early-stage projects in British Columbia, including Kwanika-Stardust, Lorraine-Top Cat, and East Niv [13] - The company is focused on responsible mineral exploration and collaborates with First Nations to ensure sustainable development practices [13] Arjay Project Details - The Arjay project spans approximately 4,800 hectares and is located about 50 kilometers south of Centerra Gold Inc.'s Kemess project [1] - The project is seen as having high potential for new porphyry copper and gold deposits, with a focus on enhancing exploration through potential agreements and transactions [2][3] Exploration Targets - The Arjay project includes three main high-potential targets: North Ridge, Asitka Lake Area, and Arjay target [4] - North Ridge target has shown promising results with a rock sample returning 3.9% Cu, 156.8 ppm Ag, and 12.9 ppm Mo [4] - Asitka Lake Area target has a historic silt sample of 244 ppm Cu, indicating further exploration is warranted [5] - The Arjay target features a quartz shear zone with samples producing 13.3% and 57.3% Cu, suggesting significant mineralization potential [6] Option Agreement and Financials - Under the Option Agreement, the company is required to make increasing cash and share payments, with the next payment due by September 30, 2025, amended to $37,500 in cash and $87,500 in Common Shares [7][8] - The company has also entered into debt settlement agreements totaling $54,660, to be settled by issuing 188,483 Common Shares at a deemed price of $0.29 per share [9][10] Management and Governance - The company has granted 150,000 stock options to its CFO, Mr. Sapan Bedi, with an exercise price of $0.29, vesting over three years [11]
Orestone Expands Francisca Gold - Silver Project to Nine Square Kilometres in Salta Argentina
Newsfile· 2025-09-17 11:56
Core Viewpoint - Orestone Mining Corp. has expanded its Francisca Gold-Silver Project in Salta, Argentina, by adding approximately two square kilometers of land, enhancing its exploration potential for gold deposits [1][2]. Company Developments - The company can acquire up to an 85% interest in the Francisca property through cash payments and exploration expenditures totaling US$4,200,000 over seven years [1]. - An amending agreement has been made with Argentinian vendors to include the additional land in the Option Agreement for a payment of US$10,300 [1]. Exploration Plans - Orestone plans to conduct detailed mapping and trench re-sampling followed by drilling to test the gold system, aiming to define an oxide gold deposit suitable for open-pit mining [2]. - A two-phase exploration program is designed, with Phase 1 involving detailed mapping and sampling of approximately 580 rock chip samples, and Phase 2 consisting of a 1200-meter reverse circulation drill program with 8 drill holes [10]. Geological Insights - Geologic mapping has identified an oxide gold stock-work mineralized trend with a northwest strike length of 1100 meters, indicating potential for a larger intrusive body at depth [3]. - The newly acquired lands cover the potential extension of the mineralizing system, with historic shallow mine workings indicating mineralization measuring approximately 400 meters by 200 meters [6]. Previous Sampling Results - The South Zone, the most prominent target, has shown high-grade gold values ranging from 0.03 to 33 g/t, with an average of 5.78 g/t gold and 29.2 g/t silver [7][8]. - Sampling was conducted under strict quality control measures, with samples analyzed for gold and multi-element analysis [9].