Core Viewpoint - Sonoro Gold Corp. is advancing its Cerro Caliche gold project in Sonora, Mexico, by submitting a revised Environmental Impact Statement (MIA) to enhance the project's footprint and ensure compliance with social and environmental standards [1][2][3]. Group 1: Environmental Impact Statement (MIA) - The revised MIA was submitted to SEMARNAT to optimize the project and reflects the company's commitment to high social and environmental standards [1][2]. - The MIA details an open-pit, heap leach mining operation, including various facilities and infrastructure as proposed in the Preliminary Economic Assessment [3]. Group 2: Project Development and Rights - The company holds 100% of the concession rights and surface rights for the Cerro Caliche project, securing these rights as of July 4, 2025 [4]. - Exploration at the 1,400-hectare property has confirmed a broadly mineralized low-sulphidation epithermal vein structure, with only 30% of the identified mineralized zones drilled and assayed [5]. Group 3: Economic Assessment - A new Preliminary Economic Assessment filed in October 2023 indicates a potential 9-year open pit, heap leach mining operation, with an after-tax NPV5 of US $47.7 million at a gold price of US $1,800 per ounce and US $77 million at US $2,000 per ounce [6][7]. - The project has an Internal Rate of Return (IRR) of 45% at US $1,800 per ounce and 63% at US $2,000 per ounce [6]. Group 4: Company Overview - Sonoro Gold Corp. is a publicly listed exploration and development company focused on the Cerro Caliche project and the San Marcial project in Sonora State, Mexico [9]. - The company has a highly experienced operational and management team with a proven track record in discovering and developing natural resource deposits [9].

Core Insights - Red Pine Exploration Inc. has announced positive results from its ongoing drilling program at the Wawa Gold Project, indicating high-grade gold mineralization and potential for open-pit production [1][3][4] Open-Pit Evaluation Drilling - The company has completed approximately 90% of a fully funded 25,000-meter drilling program initiated in November 2024, focusing on the Jubilee Shear area [4] - Drilling results show local areas of high-grade gold, with significant intersections including 45.38 grams per tonne (g/t) gold over 3.13 meters in hole SD-25-559 [8][9] - The company plans to complete drill testing of starter pits by early July and will update the 2024 Mineral Resource Estimate (MRE) while working towards a preliminary economic assessment (PEA) expected in the first half of 2026 [4][21] Drilling Results - Significant drilling results include: - Hole SD-25-540: 9.54 g/t Au over 1.03 m [9] - Hole SD-25-544: 1.86 g/t Au over 19.09 m, including 4.28 g/t Au over 4.88 m [8] - Hole SD-25-559: 45.38 g/t Au over 3.13 m, including 141.00 g/t Au over 0.88 m [8] - The reported assay results represent 3,416.11 meters of assayed core from the 2025 drilling program [10] Quality Assurance/Quality Control - The company employs rigorous QA/QC measures, including the use of external gold standards and blanks, to ensure the reliability of assay results [11][12] - Approximately 5% of pulps and coarse rejects are sent for umpire testing to verify results [12] Company Overview - Red Pine Exploration Inc. is a gold exploration company based in Toronto, Ontario, with shares traded on the TSX Venture Exchange and OTCQB Markets [17] - The Wawa Gold Project is located in the Michipicoten Greenstone Belt, an area with significant historical gold mining activity [18]

Core Viewpoint - Aura Minerals Inc. has filed a preliminary economic assessment (PEA) for its wholly owned Era Dorada Project, previously known as the Cerro Blanco Project, indicating strong economic potential for the underground mining operation [1][3]. Group 1: Project Overview - The Era Dorada Project is located in Jutiapa, Guatemala, approximately 160 km from Guatemala City and 9 km from the El Salvador border, covering an area of 15.25 km² [4]. - The project is accessible year-round via the Pan-American Highway and is situated in a tropical dry forest climate with elevations between 450–560 meters above sea level [5]. Group 2: Economic Assessment Highlights - The PEA estimates a capital expenditure (Capex) of US$264 million, an after-tax net present value (NPV) of US$485 million, and an unleveraged after-tax internal rate of return (IRR) of 24% based on a gold price of US$2,410 per ounce [3][6]. - The project anticipates total production of approximately 1.4 million ounces of gold over a 17-year life of mine, with an average production of 91,000 ounces in the first four years [6]. Group 3: Mineral Resource Estimates - Indicated mineral resources are estimated at 1.9 million ounces of gold, based on 6.35 million tonnes at a grade of 9.31 grams per tonne [6][18]. - The project has a total initial implementation Capex of approximately US$264 million, with a payback period of about 3.5 years after operations commence [6]. Group 4: Historical Context and Development - The Era Dorada Project was initially identified by Mar-West in 1998 and has undergone extensive exploration and development by various companies, including Goldcorp and Bluestone Resources [10][8]. - As of the end of 2021, Bluestone had drilled approximately 267 holes totaling 45,725 meters on the property since acquiring it from Goldcorp [10]. Group 5: Environmental and Social Considerations - Aura is committed to collaborating with local authorities and government agencies to ensure that the Era Dorada Project meets high environmental and social standards under its Aura 360 culture [3][22].

Core Viewpoint - Prime Mining Corp. is advancing its Preliminary Economic Assessment (PEA) for the Los Reyes gold-silver project, targeting completion in Q3 2025, with a focus on high returns, low capital costs, and long project life [1][2][3] Company Overview - Prime Mining has invested over $64 million in direct exploration activities since acquiring Los Reyes in 2019, completing over 221,000 meters of drilling [2][7] - The company aims to enhance its resource base through exploration and technical de-risking activities [20] Project Details - The PEA will be based on drilling data up to the end of 2024 and will incorporate extensive technical work completed to date [2] - The project is characterized as a high-grade, low-sulphidation epithermal gold-silver project located in Sinaloa State, Mexico [7] - The PEA is expected to highlight a project with high returns, high margins, low capital requirements, and a long operational life [2][7] Exploration Plans - Six drill rigs are currently operational at Los Reyes, with plans to extend high-grade mineralization and identify new prospective targets [5] - Planned activities include geological mapping, geochemical sampling, and drilling in areas with high-grade intercepts [5] Community Engagement - The company is committed to engaging with local communities through educational and environmental programs, as well as infrastructure development [5] Technical Expertise - Ausenco Engineering Canada ULC has been selected to lead the PEA due to its extensive experience with similar projects in Mexico [3][4]

Core Viewpoint - RX Gold Corporation has filed a Technical Report on the Buckreef Gold Project, which supports the previously disclosed Preliminary Economic Assessment (PEA) and shows no material differences from earlier results [1][2]. Group 1: Technical Report and PEA Highlights - The Technical Report was prepared by P&E Mining Consultants Inc. and includes input from D.E.N.M. Engineering Ltd., effective as of April 15, 2025 [3]. - The PEA evaluates an expansion of the existing process plant to 3,000 tonnes per day and a transition from open pit to underground mining over the next 2-3 years [5]. - The base case NPV5% is estimated at US$701 million pre-tax and US$442 million after tax, with an upside scenario reaching US$1,181 million pre-tax at US$3,000/oz gold price [5]. - Over a 17.6-year period, the total process plant throughput is expected to be 18.1 million tonnes, averaging 2.14 g/t Au, with an average recovered gold production of approximately 62,000 oz Au per annum [5]. - The first five years of underground operations are projected to yield over 80,000 oz Au per annum [5]. - Life of Mine cash costs average US$1,024/oz Au, and all-in sustaining costs average US$1,206/oz Au [5]. - Growth capital of US$89 million will be deployed over the next four years, primarily for underground expansion and process improvements [5]. - The PEA is based on Measured and Indicated Mineral Resources of 10.8 million tonnes grading 2.57 g/t gold and Inferred Mineral Resources of 9.1 million tonnes grading 2.47 g/t gold [5]. Group 2: Company Overview - TRX Gold Corporation is focused on advancing the Buckreef Gold Project in Tanzania, which includes an established open pit operation and a 2,000 tonnes per day process plant [7]. - The PEA outlines an average gold production of 62,000 oz per annum over 17.6 years, with a pre-tax NPV5% of US$701 million at an average life of mine gold price of US$2,296/oz [7]. - The company aims to create shareholder value by increasing gold production and funding expansion through positive cash flow, while adhering to high environmental, social, and corporate governance standards [7].

TORONTO, May 05, 2025 (GLOBE NEWSWIRE) -- Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold” or the “Company”) has filed on SEDAR+ a technical report prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) on the Mercur Project (“Mercur” or the “Project”), titled “Preliminary Economic Assessment NI 43-101 Technical Report on the Mercur Gold Project, Tooele & Utah Counties, Utah, USA” (the “Technical Report”). The Technical Report supports ...

Project Overview - Buckreef Gold Project is expanding in Tanzania, featuring a low-risk, high-margin open-pit gold mining operation[11] - The project has a multi-million ounce gold resource within a 16 km2 license area[11] - A 2025 PEA outlines an underground expansion with average annual production of approximately 62,000 oz Au over 17.6 years[11] - The PEA projects an NPV 5% of US$1,181 million pre-tax and US$766 million after-tax at a gold price of US$3,000/oz[11] Financial Performance and Growth - F2024 annual production reached 19,389 oz Au, with revenue of $41.2 million and adjusted EBITDA of $15.3 million[10] - Q2 2025 revenue was $9.1 million, a 14% year-over-year increase, and operating cash flow was $2.0 million, a 100% year-over-year increase[28] - The company completed a mill expansion to 2,000 tpd, supporting increased future annual production[21] Resource Estimate and Exploration - The 2025 Mineral Resource estimate includes 893,000 oz of gold in Measured & Indicated Resources and 726,000 oz in Inferred Resources[19] - Ongoing drilling of high-priority gold zones aims to increase the mineral resource[16] - The discovery of the new Stamford Bridge Shear Zone shows geology similar to Buckreef Main[55] - Best drill results ever include BMDD315 intersecting 37 m @ 6.86 g/t Au (253.82 gtm) from 130 m and BMDD310 intersecting 35.5 m @ 5.48 g/t Au (194.54 gtm) from 64 m[59] PEA Key Metrics - The PEA projects average annual gold production of 61,700 ounces[44] - LOM average cash costs are estimated at $1,017 US$/oz, and AISC at $1,199 US$/oz[44] - Growth capital over the first 4 years is projected at $88.7 million[44]

Core Insights - New Found Gold Corp. has provided an overview and plans for the Queensway Gold Project, including the filing of a technical report for the initial mineral resource estimate [1][29] - The company is advancing towards a preliminary economic assessment (PEA) scheduled for completion in late Q2/25, with a focus on exploring additional discoveries [3][29] Project Highlights - The Queensway Gold Project is located in a Tier 1 jurisdiction with favorable mining conditions, including access to infrastructure and a skilled workforce [5] - The initial mineral resource estimate includes 18.0 million tonnes grading 2.40 grams per tonne (g/t) gold, totaling 1.39 million ounces (Moz) in the indicated category, and 10.7 million tonnes grading 1.77 g/t gold, totaling 0.61 Moz in the inferred category [5][9] - High-grade veins are exposed at the surface, with 73% of the ounces contained in 24% of the tonnage within the mineral resource pit shells [5] Future Plans - A fully funded PEA is underway, with a planned release in late Q2/25 [6] - A 2025 drill campaign is being planned to start in mid Q2/25, focusing on resource conversion and exploration for additional major deposits along the 110 km strike extent of the project [6] - Bulk sampling is planned to commence in H1/26 to confirm grade continuity and validate the resource model [6] Technical Report and Resource Estimate - The technical report was prepared by SLR Consulting in accordance with Canadian standards and has been filed under the company's profile [7][29] - The current mineral resource estimate as of March 15, 2025, shows a total of 18.0 million tonnes indicated and 10.7 million tonnes inferred, with respective grades and contained metal detailed in the report [9][10] Data Verification and Quality Control - The data used in the mineral resource estimate is supported by quality assurance and quality control procedures, ensuring the reliability of the assay database [19][23] - An independent Qualified Person has reviewed the sampling, analytical methods, and QA/QC program, confirming they meet industry standards [21][25]