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Peloton Commences the Maiden Drilling Program at the North Elko Lithium Project, Nevada
Thenewswire· 2025-11-18 13:30
Core Viewpoint - Peloton Minerals Corporation has initiated its maiden drilling program at the North Elko Lithium Project in northeastern Nevada, targeting lithium-bearing claystone layers and other critical minerals [1][2]. Group 1: Drilling Program Details - The drilling program will consist of four widely spaced holes, each reaching a depth of approximately 500 feet, to assess the orientation, stratigraphy, and potential mineralization within the clay layers [3]. - The drill holes will be spaced about 7 kilometers (4.3 miles) apart on the NE-SW axis and about 3.5 kilometers (2 miles) apart on the NW-SE axis, with drilling expected to take around three weeks and assays to follow in about six weeks [3]. Group 2: Project Background and Exploration Work - The North Elko Lithium Project spans approximately 37 square kilometers (14.25 square miles) and is fully owned by the company, with no outstanding royalties [5]. - Prior exploration activities included an airborne hyperspectral survey, airborne magnetics, radiometric and VLF-EM surveys, geological mapping, soil geochemistry over a 32 square kilometer grid, prospecting, and XRD analysis on over 1,000 surface samples [5]. Group 3: Regulatory and Operational Aspects - The company holds two drilling permits for the property and has 24 drill pad locations permitted for future programs, all strategically located beside existing roads to minimize environmental impact [4]. - The project is located adjacent to a high-grade lithium deposit discovered in 2023 by Surge Battery Metals, indicating potential for significant mineral resources in the area [5].
Midnight Sun Intercepts 1.0% Copper over 22 Metres and 0.98% Copper over 15 Metres at Dumbwa
Newsfile· 2025-11-18 11:30
Midnight Sun Intercepts 1.0% Copper over 22 Metres and 0.98% Copper over 15 Metres at DumbwaDumbwa drilling has now established strike over nearly 1.5 kilometresNovember 18, 2025 6:30 AM EST | Source: Midnight Sun Mining Corp.Vancouver, British Columbia--(Newsfile Corp. - November 18, 2025) - Midnight Sun Mining Corp. (TSXV: MMA) (OTCQX: MDNGF) ("Midnight Sun" or the "Company") is pleased to report assay results from additional holes at the Dumbwa target. Diamond drill hole DBW-25-009 intercep ...
Argyle Resources Corp. Receives Permits and Begins 3,000 Metre Drilling Program at Lac Comporté Silica Project, Quebec
Newsfile· 2025-11-18 11:00
Argyle Resources Corp. Receives Permits and Begins 3,000 Metre Drilling Program at Lac Comporté Silica Project, QuebecNovember 18, 2025 6:00 AM EST | Source: Argyle Resources Corp.Calgary, Alberta--(Newsfile Corp. - November 18, 2025) - Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF) (FSE: ME0) ("Argyle" or the "Company") is pleased to announce that following completion of the permitting process, the company is now in position to start the drilling program at Lac Comporté, Silica Project, lo ...
District Uncovers High Priority Targets from Airborne MobileMT Survey at the Tasjo Alum Shale Property in Sweden
Newsfile· 2025-11-18 07:00
Core Insights - District Metals Corp. has announced positive results from an airborne Mobile Magnetotelluric (MobileMT) survey over its Tåsjö mineral licenses in Sweden, identifying eight low resistivity anomalies that indicate potential mineralization [1][5][8] Summary by Sections Survey Results - The MobileMT survey covered approximately 34,300 hectares at the Tåsjö mineral licenses, successfully outlining eight target areas characterized by low resistivity, which is consistent with the signature observed at the Viken Deposit [5][7] - The survey generated extensive datasets and revealed numerous geophysical anomalies, marking a significant advancement in the company's strategy to identify drill-ready targets in an underexplored region rich in various minerals [3][5] Mineral License Expansion - Based on the survey results, the company has filed applications for new mineral licenses adjacent to the Tåsjö licenses to cover possible extensions of the identified anomalies [2] Geological Context - The Tåsjö mineral licenses are part of a larger area that includes the Österkälen and Malgomaj licenses, collectively covering approximately 79,250 hectares, and are located 133 km to 170 km northeast of the Viken Property, which hosts the largest undeveloped uranium resource in the world [3][4][6][17] Strategic Importance - The identification of these anomalies reinforces the geological model of the region and highlights the potential for extensive mineralization across the Tåsjö licenses, which are enriched in vanadium, potash, uranium, molybdenum, nickel, zinc, copper, and rare earth elements [5][8] Regulatory Environment - The Swedish Government has approved a proposal to lift the ban on uranium exploration and mining, with legislation expected to be revised on January 1, 2026, which could enhance the exploration potential for the company [10]
Thor Explorations Announces Third Quarter 2025 Financial and Operating Results, for the Three Months Ending September 30, 2025
Newsfile· 2025-11-18 07:00
Core Viewpoint - Thor Explorations reported strong financial and operational results for Q3 2025, driven by increased gold production and favorable market conditions, with a net profit of US$43.1 million and significant advancements in exploration activities across its projects [13][14]. Financial Highlights - Revenue for Q3 2025 reached US$69.9 million, a substantial increase from US$40.2 million in Q3 2024 [7]. - The company sold 19,650 ounces of gold at an average price of US$3,535 per ounce, with cash operating costs of US$783 per ounce and all-in sustaining costs (AISC) of US$1,129 per ounce [7]. - Adjusted net cash position improved to US$81.0 million, up from US$3.2 million in Q3 2024 [7]. Operational Highlights - Gold poured totaled 22,617 ounces during Q3 2025, compared to 20,110 ounces in Q3 2024 [7]. - The Segilola mine processed 250,459 tonnes of ore at an increased throughput rate of 2,722 tonnes per day, with a mill feed grade of 3.11 grams per tonne [7]. - The process plant recovery rate improved to 94.3%, up from 88.5% in Q3 2024, with no significant unplanned downtime [13][14]. Exploration Activities - The life of mine extension drilling program at Segilola continued, focusing on depth extensions of the deposits [5][15]. - A reverse circulation drilling program was completed at the Baraka 3 Prospect, with encouraging initial results from metallurgical tests [11][16]. - The company aims to define an updated resource for Segilola by the end of 2025, with a release planned for Q1 2026 [15]. Strategic Acquisitions - Thor Explorations signed a binding agreement to acquire the remaining 30% interest in the Douta Project for US$3.0 million, enhancing its ownership to 100% [11][16]. - The company also acquired a 65% interest in the Bousankhoba Exploration Permit, which is expected to provide long-term exploration potential [11][16]. Community and ESG Initiatives - The company undertook a community medical outreach program, benefiting over 3,000 residents, and launched SegunCare for chronic health conditions [17]. - Environmental initiatives included a 62% increase in reclaimed water use and improvements in energy and emissions intensity compared to Q3 2024 [17].
PAN GLOBAL SAMPLES 1.14 G/T GOLD OVER 26 METERS FROM NEAR SURFACE AT CANADA HONDA TARGET, ESCACENA PROJECT, SOUTHERN SPAIN
Prnewswire· 2025-11-18 05:30
Core Insights - Pan Global Resources Inc. announced positive results from continuous twin saw-cut channel sampling at the Cañada Honda target within the Escacena Project, indicating significant mineralization and supporting further exploration efforts in 2026 [1][2][3] Exploration Results - A continuous 26-meter interval graded 1.14 grams per tonne (g/t) gold, confirming substantial near-surface gold mineralization at Cañada Honda [2][5] - The results indicate a wide zone of near-surface gold mineralization extending 150 meters up-dip from the nearest drill hole and 450 meters in dip extent, with potential for larger copper-gold systems [4][5] Project Expansion - The Escacena Project area has expanded from 5,760 hectares to over 10,000 hectares, with additional mineral rights awarded in September 2025 [8] - The company is also progressing on a maiden mineral resource for the La Romana deposit, expected to be delivered by year-end 2025 [3] Future Plans - The 2026 exploration program is anticipated to be one of the most exciting to date, with plans for additional geochemical sampling and drilling to test for potential expansion of mineralization [3][12] - Ongoing drill programs at the Escacena and Cármenes Projects are currently in progress, with assay results pending [7]
QcX Gold to Conduct High Resolution Magnetic Survey on Batchawana Project, Ontario
Newsfile· 2025-11-17 13:58
Core Insights - QcX Gold Corp. is set to conduct a large-scale, high-resolution airborne magnetic survey at its Batchawana Project in Ontario, with work commencing in November 2025 [1][3]. Project Overview - The Batchawana Project is adjacent to Sterling Metals Corp.'s Soo Copper Project, which recently reported significant copper discoveries, including intervals of 262.5 m at 1.05% CuEq, 68.3 m at 3.25% CuEq, and 9.3 m at 19.8% CuEq [2]. - QcX shares a 6.6 km boundary with the discovery area, positioning the company in a promising emerging copper district in Canada [2]. Survey Details - The magnetic survey will utilize 75-metre line spacing to gather detailed magnetic data, aiding in the identification of structural features, stratigraphy, and potential mineralized centers [3]. - The new geophysical data will be integrated with historical datasets to create high-priority targets for ground-based exploration in 2026 [3]. Geological Context - The Batchawana Project is situated within the Precambrian Batchawana Greenstone Belt, part of the Mid-Continent Rift, known for hosting large porphyry-style copper systems [4]. - The property is located along the strike of the historically productive Tribag Mine, which was mined for copper, molybdenum, silver, and gold [5]. Strategic Alignment - The geological features of the Batchawana Project show continuity with Sterling's mineralized corridor, with historic soil anomalies and untested geophysical conductors that have not been systematically explored using modern techniques [6]. Future Plans - Following the interpretation of the magnetic survey results, QcX plans to initiate a property-wide prospecting and ground-truthing program in 2026, focusing on delineating copper-molybdenum-silver-gold porphyry targets [7].
Noble Minerals Acquires a Rare Earth Property in the vicinity of the Montviel Rare Earth Resource, Quebec, Canada
Thenewswire· 2025-11-17 12:30
Core Insights - Noble Mineral Exploration Inc. has acquired additional claims near a rare earth element (REE) enriched system on its Gull Lake property, expanding its holdings to approximately 3,000 hectares [1] - The Montviel deposit, located in Quebec, is a significant REE and niobium resource, with an estimated 266 million tonnes grading 1.45% total rare earth oxides (TREO), making it the largest bastnaesite REE resource in North America [2] - Noble plans to conduct geophysical and drilling programs to explore the potential for hosting REEs on its property [4] Company Overview - Noble Mineral Exploration Inc. is a junior exploration company based in Canada, holding interests in various mining properties, including securities in Canada Nickel Company Inc. and Homeland Nickel Inc. [5] - The company holds mineral and exploration rights across approximately 70,000 hectares in Northern Ontario and 24,000 hectares in Quebec, with plans for joint venture exploration programs [6] - Noble's diverse portfolio includes properties with drill-ready targets for gold, nickel-cobalt, and base metals, as well as REE and uranium properties in Quebec [7]
Revival Gold Intersects 1.4 g/T Oxide Gold Over 44.2 Meters in Shallow Drilling and Extends Mineralization at Mercur
Globenewswire· 2025-11-17 12:30
Core Viewpoint - Revival Gold Inc. is reporting positive results from ongoing drilling at the Mercur Gold Project in Utah, indicating strong exploration potential and alignment with the project's Preliminary Economic Assessment (PEA) results [3][4]. Summary by Sections Company Overview - Revival Gold Inc. is a significant gold mine developer in the United States, focusing on the Mercur Gold Project in Utah and the Beartrack-Arnett Gold Project in Idaho [17]. Drilling Results - The company has completed 100 drill holes totaling approximately 10,000 meters of a planned 13,000-meter drilling program [4][6]. - Recent assay results from eleven drill holes show significant gold intersections, including: - 1.4 g/T gold over 44.2 meters in RM25-117 - 1.0 g/T gold over 24.4 meters in RM25-120 - 1.7 g/T gold over 12.9 meters in RMC25-017 - 0.9 g/T gold over 24.4 meters in RM25-113 [6][8]. - The average intercept depth starts at 45 meters, highlighting the shallow nature of the Mercur gold deposit [6]. Economic Assessment - The PEA estimates for Mercur are based on a gold price of $2,175 per ounce, while the current long-term consensus price is around $3,000 per ounce, suggesting significant upside potential for investors [3]. Resource Expansion Potential - Drilling results confirm the occurrence, grade, and leachability of gold, with a weighted average fire assay gold grade of 0.73 g/T and an AuCN/AuFA ratio of 83%, indicating good recoverability [8][6]. - The RM25-120 intercept shows potential for resource expansion down-dip from the 2025 PEA pit shell [6][4]. Future Plans - Drilling continues with three rigs at Mercur and one at Beartrack-Arnett in Idaho, with additional results pending [6].
Radius Gold Appoints VP Exploration to Lead Growth of Exploration Portfolio
Thenewswire· 2025-11-17 12:00
Core Insights - Radius Gold Inc. has appointed Mr. Alejandro Ly as Vice President of Exploration, bringing over 25 years of experience in mineral discovery across the Americas [1][2] - Mr. Ly has a notable track record, including the discovery of the 15+ million ounces Goldrush deposit in Nevada and contributions to the 30 million ounces Donlin Gold deposit in Alaska [3] - The company is focused on advancing the Tierra Roja copper project and expanding its project pipeline in Peru, Mexico, and the U.S. [4][5] Company Developments - Mr. Ly will lead the technical team and oversee project evaluation and field operations, with an immediate focus on the Tierra Roja project [4] - Radius has completed extensive geological mapping, sampling, and target definition at the Tierra Roja project, preparing for drilling [5][6] - The project area is uninhabited and located on federal land, with all necessary permissions for drilling obtained except for a final administrative access waiver [6][8] Drilling Program Status - Radius has defined initial drill targets, constructed drill pads, engaged drilling contractors, secured water supply, and received the Environmental Permit [7] - The company is ready to commence drilling immediately upon receipt of the final authorization [8] - The team in Peru has worked continuously to complete the required technical, environmental, and logistical steps, expressing frustration over the delay in receiving the final access authorization [8]