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Metals Creeks' Option Partner Lomiko Identifies New REE Anomalies at the Yellow Fox Critical Metals Property Located in Central Newfoundland
TMX Newsfile· 2026-01-14 13:01
Core Viewpoint - Metals Creek Resources Corp. has received promising assay results from its partner Lomiko Metals Inc. regarding Rare Earth Elements (REE) analysis from the Yellow Fox Antimony property, indicating significant potential for further exploration and development [1][3][9]. Group 1: REE Anomalies and Soil Sampling Results - A two-phase soil sampling program in 2025 identified several highly prospective critical metal soil anomalies, including REEs Lanthanum (La) and Cerium (Ce), with Ce values reaching up to 2,510 parts per million (ppm) and La values up to 414 ppm [3][5]. - The largest identified anomaly (Anomaly 1) measures approximately 500 meters in width and at least 1,300 meters in length, while a second anomaly (Anomaly 2) is about 175 meters wide and at least 1,000 meters long [3][5]. - Seven soil samples were selected for additional REE analysis, revealing highly anomalous assays for both light and heavy rare earth elements, with Total Rare Earth Element (TREE) values ranging from 1,683 ppm to 5,176 ppm [5][7][14]. Group 2: Future Exploration Plans - The next stages of exploration will include line cutting, ground geophysics, surface trenching, and geological mapping to better define the orientation and location of high-priority targets [12][20]. - Management is encouraged by the results and plans to conduct further sampling to determine the extent of REE mineralization across the Yellow Fox property [14][20]. Group 3: Geological Context and Historical Data - The Yellow Fox property exhibits geological traits similar to the Beaver Brook area, with structural zones showing intense carbonate alteration and the presence of stibnite and arsenopyrite [16][17]. - Historical work has returned samples with significant values in gold, antimony, lead, zinc, and silver, indicating a rich mineralization potential [17].
IDEX Drilling Confirms Scale of Copper Mineralization at Kismet Breccia Complex, Intersects 130.93 m of 0.40% Cu within 344 m of 0.30% Cu at the Freeze Project, Idaho, USA
Thenewswire· 2026-01-14 13:00
Core Insights - IDEX Metals Corp. announced positive drill results from its Freeze Copper-Gold-Molybdenum Project, confirming the scale and growth potential of the copper system [1][2][9] Drilling Highlights - Drill hole KSMT25004 intersected 130.93 meters of 0.50% CuEq (0.40% Cu, 1.87 g/t Ag, 89 ppm Mo) within 344.34 meters of 0.45% CuEq (0.30% Cu, 1.88 g/t Ag, 147 ppm Mo) [4][11] - Drill hole KSMT25003 intersected 57.10 meters of 0.65% CuEq (0.50% Cu, 3.14 g/t Ag, 140 ppm Mo) within 134.22 meters of 0.42% CuEq (0.34% Cu, 1.92 g/t Ag, 71 ppm Mo) [4][11] - The Kismet Breccia Complex remains open in all directions and at depth, indicating strong continuity of mineralization [4][8] Geological Context - The Freeze Project is located in the emerging Idaho Copper Belt, exhibiting geological characteristics similar to major porphyry-related systems globally [9][36] - The consistency and thickness of mineralization support the potential for Kismet to evolve into a district-scale copper system through systematic drilling [9] Upcoming Catalysts - Future activities include assay results from additional drill holes, geophysical results, and the completion of a property-wide model with defined porphyry copper drill targets for the 2026 exploration season [34]
Ashley Gold Corp. Announces Filing of Early Warning Report, President Surpasses 10% Ownership Threshold
Thenewswire· 2026-01-14 13:00
Core Viewpoint - Ashley Gold Corp. is experiencing a significant change in ownership structure as President Noah J. Komavli exceeds 10% ownership of the company's common shares, reflecting his confidence in the company's strategic direction and growth potential [1][2]. Transaction Details - The Tak Patent transaction, announced on January 6, 2026, involves the issuance of securities [3]. - Following the issuance, Ashley Gold Corp. has a total of 74,189,873 issued and outstanding securities [4]. Ownership Structure - Noah J. Komavli holds a total of 9,643,200 common shares, representing approximately 12.998% of the company's common share free trading float [5]. - On a fully diluted basis, Mr. Komavli controls 12,493,200 out of 105,498,878 fully diluted shares, equating to an 11.842% control over all securities [6]. Company Overview - Ashley Gold Corp. is a Canadian mineral exploration company focused on acquiring and developing gold and polymetallic deposits in top mining regions of Canada, with flagship assets located in the Dryden Area of Ontario and the Icefield Portfolio in British Columbia [8].
Erdene Intersects 30 Metres of 1.25% Copper in Khuvyn Khar Porphyry System
Globenewswire· 2026-01-14 12:30
Core Viewpoint - Erdene Resource Development Corporation has announced promising drilling results from its Khuvyn Khar copper-silver prospect, indicating a significant copper component in the porphyry system, which is strategically located near major infrastructure and markets in China [2][3]. Company Overview - Erdene Resource Development Corporation is a Canada-based resource company focused on gold production at the Bayan Khundii Gold Mine in Mongolia, with interests in various precious and base metal projects in the Khundii Minerals District [21]. Drilling Program Details - A recent drilling program at Khuvyn Khar involved 3,362 meters across 24 holes, targeting both the Zuun Mod molybdenum-copper deposit and new gold zones [4][5]. - The program included 18 holes testing the upper 150 meters of the Zuun Mod deposit, with results pending for most holes except ZMD-162 [5]. Significant Findings - Drill hole ZMD-162 intersected 65 meters averaging 0.63% copper and 2.9 g/t silver, including a higher-grade zone of 30 meters averaging 1.25% copper and 6.1 g/t silver [8][12]. - The mineralized zone extends from 238 meters downhole to 450 meters, characterized by potassic alteration and associated copper mineralization [8][11]. Future Exploration Plans - The company plans to expand exploration efforts in 2026 to further investigate the Khuvyn Khar copper porphyry system at depth, following the successful results from recent drilling [9][10]. - Advanced geophysical surveys and additional drilling are scheduled to enhance understanding of the mineralization potential in the area [3][9]. Strategic Location - Khuvyn Khar is located approximately 200 kilometers from China, the largest consumer of copper and molybdenum, and benefits from recent infrastructure investments in Mongolia [3][8].
Precipitate's IP Geophysical Survey Identifies Contiguous Chargeability Corridor Connecting Jengibre South and Peak Zones at the Juan de Herrera Project, Dominican Republic
Thenewswire· 2026-01-14 12:30
Core Viewpoint - Precipitate Gold Corp. has successfully completed an induced polarization (IP) geophysical survey at the Jengibre South zone of its Juan de Herrera Project in the Dominican Republic, which is expected to enhance target delineation for future drilling [1][3]. Group 1: Survey Completion and Results - The IP geophysical survey covered four priority exploration targets: Ginger Ridge East, Southeast, Centro, and Jengibre South, totaling 27 line kilometers, with 4.7 kilometers completed at Jengibre South [2][3]. - The survey has identified a northwest-southeast trending exploration corridor with numerous chargeability high anomalies measuring at least 1.5 kilometers long, extending into the Peak zone [4]. - Chargeability anomalies in the Jengibre South area average about 5 mv/v, with some exceeding 10 mv/v, indicating potential mineralization [4]. Group 2: Future Exploration Plans - Additional surface sampling and field reviews will be conducted to prioritize the newly identified anomalies, which are mostly blind with little surface indication [3][4]. - The company plans to follow up on gold and copper surface geochemical anomalies across multiple zones, including CN, Ginger Ridge, Southeast, Centro, Jengibre South, and Peak-Melchor [9]. - Ground-truthing efforts are ongoing in the Southeast and Centro zones, with plans to evaluate the Ginger Ridge East, Jengibre South, and Peak zones shortly [8]. Group 3: Project Background - The Juan de Herrera Project spans approximately 12,706 hectares and is located adjacent to GoldQuest Mining's Romero gold-copper project, hosting intermediate sulphidation epithermal and VMS style exploration targets [13]. - The project has seen the discovery of approximately 5.0 million gold equivalent ounces in the Tireo Formation belt over the last decade, with significant areas remaining underexplored [13].
Quimbaya Gold Reports High-Grade Silver and Gold at Tahami South Segovia District
TMX Newsfile· 2026-01-14 12:00
Core Insights - Quimbaya Gold Inc. has reported high-grade silver and gold mineralization from its diamond drilling program at the Tahami South target in Colombia, confirming the presence of two distinct vein systems [2][5][7] Drilling Program Overview - The Phase 1 drilling program consisted of 5,320 meters across 12 diamond drill holes, with assays received for eight holes totaling 4,033 meters, while results for four holes (1,287 meters) are still pending [4] - Mineralized vein intercepts were found in five of the seven platforms tested, indicating a widespread distribution of target structures over a 2.2-kilometer north-south extent [4] Assay Results - Significant assay results include: - Vein S: 1.0 meter grading 9.8 g/t gold equivalent, with 0.77 g/t gold and 528 g/t silver (17 oz/t) [6] - Vein S: 0.9 meter grading 9.0 g/t gold equivalent, including 2.57 g/t gold and 378.1 g/t silver (12.16 oz/t) [6] - Vein V: 0.9 meter grading 3.0 g/t gold equivalent, with 1.03 g/t gold and 113.2 g/t silver [6] Geological Insights - Vein S is characterized by silver-dominant mineralization, with the highest-grade silver intersection reported to date from the Tahami Project [7] - Vein V carries a gold-silver-lead-zinc assemblage, confirming structural continuity at depth over 0.8 kilometers [9] - The correlation between gold and silver in these intercepts is indicative of the Segovia district's vein systems, where silver acts as a pathfinder element for gold mineralization [11][12] Company Background - Quimbaya Gold Inc. focuses on discovering gold resources through exploration and acquisition in Colombia's gold mining districts, with projects in Segovia (Tahami Project), Puerto Berrio (Berrio Project), and Abejorral (Maitamac Project) [18]
MetalSource Mining Announces Strategic Land Expansion at Silverhill Project
TMX Newsfile· 2026-01-14 09:30
Core Viewpoint - MetalSource Mining Inc. has expanded its Silver Hill exploration land package by adding two strategically located properties totaling approximately 97.6 acres, enhancing its exploration capabilities in a historically significant mining area [1][5]. Group 1: Land Expansion Details - The newly added properties include the Hinkle Lands (85.5 acres) and the Adkins Tract (12.07 acres), which are strategically positioned along mineralized trends [4]. - The total area of the Silver Hill Project now encompasses 512.21 acres, with both new properties held under five-year Exploration Licenses with an option to purchase, renewable annually [3][5]. Group 2: Project Significance - The Silver Hill project is located in Davidson County, North Carolina, recognized as America's first silver mine, and is situated on private land in a mining-friendly jurisdiction [5][6]. - The project utilizes modern exploration techniques, including diamond drilling and geophysical surveys, to advance its development [5][6]. Group 3: Geological Insights - The property is underlain by volcaniclastic and volcano-sedimentary rocks of Neoproterozoic and Cambrian age, suggesting a geological connection to the Avalon Terrane [6]. - Historical data indicates mineralization extends to 550 meters from the surface, with recent surface sampling yielding significant results, including 444g/t Ag, 17.7 g/t Au, 8.61% Pb, and 0.507% Zn [6].
New Earth set to launch exploration campaign at Lucky Boy project
Yahoo Finance· 2026-01-13 13:41
Core Insights - New Earth Resources is initiating exploration activities at the Lucky Boy Uranium Project in Gila County, Arizona, starting around January 21, 2026, to enhance understanding of uranium mineralization in the area [1][3] - The exploration program will utilize advanced tools for real-time elemental analysis and will include geological mapping, geochemical analyses, and scintillometer surveys to evaluate potential uranium resources [2][3] Group 1: Lucky Boy Uranium Project - The exploration phase aims to advance the understanding of uranium mineralization within the project area [1] - Geological mapping will focus on identifying essential rock formations and structural features for successful exploration [2] - Scintillometer surveys will provide real-time radioactivity measurements to highlight prospective zones for further investigation [3] Group 2: Strange Lake Project - New Earth Resources has outlined plans for an exploration initiative at the Strange Lake Project in Quebec, Canada, which has potential for rare earth elements (REE) [4] - The exploration program for Strange Lake includes regional prospecting, airborne geophysical studies, and regional geochemical surveys to generate data layers for future targeting [5] - The Strange Lake Project consists of 23 claims covering approximately 1,102 hectares, with the company holding an option to earn a 100% interest [5] Group 3: Red Wine Rare Earth Project - In November 2025, New Earth Resources executed an option agreement with Northex Capital Partners for the acquisition of the Red Wine rare earth project in Labrador, Canada [6]
Aventis Energy Prepares to Mobilize for Inaugural Drill Program and Announces Completion of Ground Gravity Survey on the Corvo Uranium Project
Globenewswire· 2026-01-13 13:00
Core Viewpoint - Aventis Energy Inc. has completed a high-resolution ground gravity survey at the Corvo Uranium Project and finalized plans for its inaugural winter drill program, indicating strong potential for uranium mineralization in the eastern Athabasca Basin [1][3]. Exploration and Survey Details - The high-resolution ground gravity survey covered over 29 kilometers of electromagnetic conductor strike length, aiding in identifying density anomalies that may indicate uranium mineralization [6][3]. - The planned drill program will consist of approximately 2,500 to 3,000 meters across 8 to 10 drill holes, targeting shallow high-grade basement-hosted uranium mineralization [3][7]. - The drill targets are located within 200 to 300 meters below the surface, with a focus on the Manhattan Showing, which has shown uranium grades of 8.10% U3O8 at surface [3][7]. Project Funding and Logistics - Aventis will fully fund the drill program to meet the year-one expenditure requirements under the Option Agreement [3]. - Key contracts for the drilling program have been secured, and diamond drilling crews are set to mobilize to the Corvo Project in January [3]. Historical Context and Geological Potential - The Corvo Uranium property has historical drill holes that intersected uranium mineralization, with notable grades reported [18]. - The project is considered highly prospective for discovering shallow, high-grade basement-hosted uranium mineralization, similar to other significant deposits in the region [8].
Silver X Defines High-Grade Mineralization at Red Silver: Underground Channel Sampling Includes Averages of 735 g/t Ag Over 65 metres and 649 g/t Ag Over 40 metres. Announces 1,200-Metre Drill Program to Test Continuity
Accessnewswire· 2026-01-13 12:35
Core Viewpoint - Silver X Mining Corp. has reported strong silver channel sampling results from its Red Silver exploration asset, indicating significant silver mineralization in the Nueva Recuperada Property located in Huancavelica, Peru [1] Group 1: Sampling Results - The channel sampling results include 735 grams per tonne (g/t) silver over a strike length of 65 metres, confirming the presence of strong silver mineralization [1] - Additionally, results show 649 g/t silver over 40 metres, further validating the existence of multiple continuous strong silver shoots [1]