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Inflection Resources to Acquire Portfolio of Australian Copper-Gold Projects from Newmont Corporation
Globenewswire· 2025-06-16 10:30
Core Viewpoint - Inflection Resources Ltd. has entered into a definitive agreement to acquire a 100% interest in a portfolio of Australian copper-gold exploration projects from Newmont Corporation, which includes the Tennant East and Bell River projects, indicating a strategic expansion in high-potential mineral exploration [1][3][8]. Group 1: Project Details - The Bell River project, covering approximately 115 km², is located in New South Wales and is situated near significant mining operations, including Newmont's Cadia mine [5][8]. - The geological composition of the Bell River tenement includes calc-alkaline Mid-Ordovician Fairbridge Volcanics, which host advanced argillic alteration zones interpreted as relic porphyry-related lithocaps [6][10]. - The Tennant East project consists of twelve exploration licenses totaling around 4,200 km² in the Northern Territory, which are considered highly prospective for Iron Oxide Copper Gold (IOCG) targets [12][8]. Group 2: Exploration Potential - Inflection's systematic exploration strategy will leverage previous exploration data and geological interpretations to identify potential copper-gold mineralization at depth, particularly in areas with minimal prior drilling [10][19]. - The Bell River project is noted for its significant zones of advanced argillic alteration and outcropping lithocaps, which are indicative of preserved porphyry systems [9][10]. - The Tennant East project has shown promising early results from cursory exploration, including geochemical footprints consistent with IOCG mineralization [15][12]. Group 3: Agreement Terms - For the Bell River project, Inflection will issue 1,000,000 common shares to Newmont and make a one-time payment of AUD$2.5 million upon completion of a compliant Pre-Feasibility Study, along with a AUD$5 million payment upon the start of commercial production [20]. - The Tennant East project acquisition involves issuing 250,000 common shares and reimbursing Newmont for tenement renewal fees, with Newmont retaining a 1.5% net smelter return (NSR) royalty [21]. - The transactions are expected to close in several weeks, pending the transfer of exploration licenses and share issuance [22].
Triumph Gold Announces the Acquisition of the Coyote Knoll Silver-Gold Mineral Property - Located in Central Utah
Newsfile· 2025-06-04 08:00
Core Viewpoint - Triumph Gold Corp. has announced the acquisition of the Coyote Knoll Silver-Gold property in central Utah, which is expected to enhance its portfolio due to the property's high-grade mineralization and favorable geological features [1][4]. Acquisition Details - The acquisition cost is $150,000 USD along with the issuance of three million common shares over a period of three years, with an additional payment of three million dollars due before four years from the purchase date [2]. Geological and Mineralization Highlights - Coyote Knoll is located approximately 40 km southwest of the Tintic Mining District, known for its historical significance in mining [10]. - The property has demonstrated high-grade silver mineralization, with drilling results showing 1,350.36 g/t Ag and 3.86 g/t Au over 3.00 meters [6]. - Historical rock samples have returned values up to 6,730.00 g/t Ag and 23.30 g/t Au [6][16]. - Recent surface sampling confirmed mineralization with grab samples returning up to 795 g/t Ag and 1.58 g/t Au [6][20]. Exploration and Historical Context - Coyote Knoll was discovered in 1988, with extensive exploration activities including mapping, trenching, and drilling totaling approximately 2,606.96 meters across 33 drill holes [11]. - The geological setting exhibits similarities to the Tintic Mining District, with potential for both epithermal and carbonate replacement mineralization [19]. - The property has a history of production, including a 12-ton bulk sample in 2012 that returned an average grade of 43.60 oz/ton silver and 0.13 oz/ton gold [6][11]. Future Exploration Plans - The company plans to advance exploration at Coyote Knoll, leveraging the confirmed epithermal silver-gold mineralization and the potential for further discoveries [4].
Midland Begins Major Airborne Electromagnetic Survey in Nunavik, Quebec, for Copper-Nickel as Part of its Strategic Alliance with BHP
Globenewswire· 2025-06-03 11:30
Figure 1 MD-BHP Nunavik Alliance Ni-Cu-Co MONTREAL, June 03, 2025 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to announce the start of an important copper-nickel exploration program in Nunavik, following exploration work from 2020 to 2024, during which new Cu-Ni-Co mineralized showings were discovered. This new program will be carried out within the framework of the strategic alliance (the “Alliance”), signed in August 2020 between Midland’s wholly owned subsidiary, ...
High Grade Ni/PGE Adjoining Globex’s Tyrone Property
Globenewswire· 2025-06-02 13:01
ROUYN-NORANDA, Quebec, June 02, 2025 (GLOBE NEWSWIRE) -- GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exchanges and GLBXF – OTCQX International in the US) is pleased to inform shareholders that Azimut Exploration Inc. has announced additional positive assays from the Perseus Nickel Zone discovered in 2024 adjoining to the southeast of Globex’s Tyrone Property ...
Headwater Gold Identifies Outcropping High-Grade Veins at its New Doug Target on the Spring Peak Property, Nevada
Thenewswire· 2025-05-28 10:30
Vancouver, British Columbia - TheNewswire - May 28, 2025: Headwater Gold Inc. (CSE: HWG) (OTCQB: HWAUF) (the "Company" or "Headwater") is pleased to announce the identification of outcropping high-grade epithermal veins at the newly identified Doug target, part of its expanding Spring Peak project located in Nevada. Exploration at Spring Peak is fully funded through an earn-in agreement with Newmont Corporation ("Newmont") (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) announced on August 16, 2022. The newly ...
WALKER BEGINS DRILL PROGRAM AT LAPON CANYON
Globenewswire· 2025-05-22 13:00
Vancouver, B.C, May 22, 2025 (GLOBE NEWSWIRE) -- Walker River Resources Corp. (“Walker” or the “Company”) (TSX-V: WRR) is pleased to announce that the 2025 reverse circulation (“RC”) drill program has begun at the Lapon Canyon portion of the Lapon Gold Project, located within the Walker Lane Gold trend, 60 km SE of Yerington, NV. The initial 2025 drill program at Lapon Canyon will consist of exploration drilling near the historical Lapon Canyon Mine, the “Central Zone”, and the newly discovered “Hot Spot ...
New Found Gold Continues to Expand the Dropkick Zone at the Queensway Gold Project: 42.8 g/t Au over 14.95 m, 47.6 g/t Au over 3.95 m and 22.9 g/t Au over 2.40 m
Prnewswire· 2025-05-21 22:00
Core Insights - New Found Gold continues to report high-grade gold mineralization from its 2024 exploration program, particularly at the Dropkick and Pistachio zones, indicating potential for resource expansion [1][2][10] - The exploration program included 13,768 meters of drilling across 38 diamond drill holes, focusing on high-grade mineralization and strike extensions [2][10] Dropkick Zone - Significant drill results from the Dropkick zone include 42.8 g/t Au over 14.95 m and 47.6 g/t Au over 3.95 m, with mineralization now intersected over a 580 m strike extent [5][6] - The mineralization at Dropkick is open in all directions, with potential for further expansion [6][10] - The new domain of mineralization discovered east of the Appleton Fault Zone (AFZ) returned 5.30 g/t Au over 15.20 m, marking the first mineralization found in that area [6][10] Pistachio Zone - The Pistachio zone has shown promising results with 5.34 g/t Au over 7.30 m, extending the high-grade mineralization by 40 m down-dip [12][14] - The zone spans a strike length of 240 m and remains open down plunge and to depth [12][14] - Systematic reconnaissance drilling has identified additional target areas for future exploration [12][14] Future Plans - The company plans to conduct follow-up drilling at Dropkick starting in June 2025, with additional work planned at a soil anomaly located north of Pistachio [10][12] - The total drilling for the 2024 exploration program reached 89,974 m across 271 diamond drill holes, with results from 37,750 m in 82 holes to be included in the next mineral resource estimate [10][12] Company Overview - New Found Gold holds a 100% interest in the Queensway project located in Newfoundland and Labrador, which covers a significant area with a 110 km strike extent along two prospective fault zones [31][32] - The company is focused on growth and value creation, supported by a solid shareholder base, including a 19% holding by Eric Sprott [32]
Onyx Gold Mobilizes Drill Rig and Outlines Targets for 10,000-Meter Timmins Spring Drill Program
Newsfile· 2025-05-09 11:30
Onyx Gold Mobilizes Drill Rig and Outlines Targets for 10,000-Meter Timmins Spring Drill ProgramMay 09, 2025 7:30 AM EDT | Source: Onyx Gold Corp.Vancouver, British Columbia--(Newsfile Corp. - May 9, 2025) - Onyx Gold Corp. (TSXV: ONYX) (OTCQX: ONXGF) ("Onyx Gold" or the "Company") is pleased to announce plans for a 10,000-meter Spring Drill Program (the "Program") at its Timmins, Ontario properties. The primary focus of the program is to follow-up on the recently reported Argus North discover ...
Goliath Resources Engages JDS Energy & Mining Inc. To Forge Plans To Drive An Exploration Adit At Its Surebet Discovery, Golddigger Property, Golden Triangle, B.C.
Globenewswire· 2025-05-05 11:08
Drill-out of all high-grade Surebet lodes will be more easily and cheaply facilitated from underground vantages.Underground access to the Bonanza Zone will enable geological confirmation of this important high-grade lode and potentially enable bulk sampling.Goliath looks forward to mobilizing shortly for its aggressive 2025 drill campaign. TORONTO, May 05, 2025 (GLOBE NEWSWIRE) -- Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the “Company” or “Goliath”) is pleased to announce world reno ...
New Found Gold Continues to Expand Queensway Gold Project at Depth: 38.7 g/t Au over 6.55 m at Dome and 10.3 g/t Au over 8.20 m at Keats South Deep
Prnewswire· 2025-04-29 21:00
Accessibility StatementSkip Navigation 38.7 g/t Au over 6.55 m1, including 98.9 g/t Au over 2.10 m from the Dome Zone ("Dome"; NFGC-24-2238) 10.3 g/t Au over 8.20 m, including 37.7 g/t Au over 2.00 m from the Keats South Deep Zone ("KSD", NFGC-24-2112-W5), and 6.16 g/t Au over 3.10 m, including 18.4 g/t Au over 0.50 m from the Keats-Appleton Fault Zone Deep Zone ("Keats-AFZ Deep", NFGC-24-2168) Melissa Render, President of New Found Gold, stated: "With these new drill results we continue to intersect gol ...