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Grade Control Drilling at Moss Main Zone Defines Higher Grade Corridors Intersecting 78.4m of 1.44 g/t Au from 15.6m
Newsfile· 2025-11-13 12:00
Core Insights - Gold X2 Mining Inc. has reported positive results from its ongoing grade control drilling program at the Moss Gold Project, highlighting the discovery of higher-grade gold corridors [1][2][5] Summary by Sections Company Overview - Gold X2 Mining Inc. is focused on the Moss Gold Project located in Northwest Ontario, Canada, and is actively conducting a grade control drill program to enhance its understanding of gold mineralization [1][2] Drilling Results - The latest assay results from nineteen shallow drill holes indicate strong continuity of wide, near-surface, high-grade shear corridors within the Moss Main Zone [5][12] - Significant drill intercepts include: - 78.4m of 1.44 g/t Au from 15.6m in MMD-25-246, including 18.2m of 3.41 g/t Au from 74.8m - 73.1m of 1.08 g/t Au from 37.9m in MMD-25-228, including 9.95m of 2.65 g/t Au from 76.1m - 41.05m of 1.39 g/t Au from 118.4m in MMD-25-234, including 10.0m of 3.74 g/t Au from 147.0m [5][12][17] Geological Insights - The drilling program has confirmed the presence of two main parallel shears consistently containing greater than 2.5 g/t gold mineralization, which is crucial for future mining operations [12][14] - The geological model is supported by consistent and predictable geology, which will aid in future exploration targeting and mineral resource estimations [14][13] Future Plans - The company plans to utilize the data from the grade control drilling to inform an upcoming infill drilling program aimed at upgrading Inferred Mineral Resources to Indicated Mineral Resources [11][10] - The results will also contribute to feasibility-level metallurgical studies and help define high-grade zones for optimal mining sequencing [11][13]
Montage Gold Reports on its Q3-2025 Activities
Globenewswire· 2025-11-12 22:15
Core Insights - Montage Gold Corp. is progressing well on its flagship Koné project in Côte d'Ivoire, remaining on budget and on schedule for the first gold pour in Q2-2027, with significant construction and exploration activities reported [1][5][36] Construction Activities - A total of 5.7 million cumulative construction hours have been worked, with 2,051,952 hours in Q3-2025 alone, achieving an industry-leading Lost Time Injury Frequency Rate (LTIFR) of 0.20 [5][10] - As of September 30, 2025, the total capital committed for the Koné project construction reached $428.0 million, with $262.3 million disbursed, and this amount has increased to approximately $494.8 million as of now, representing 58% of the total estimated capital expenditure of $860 million [5][41] - Key construction milestones include the completion of all tanks on the first carbon in leach (CIL) train, concrete pours for the ball mill, pre-leach, and tailings thickeners, and the commissioning of site water infrastructure [5][10][18] Exploration Activities - The company has drilled a total of 85,784 meters in 2025, exceeding the total of 81,815 meters completed in 2024, with a focus on delineating higher-grade resources [6][10] - Recent updates to the Mineral Resource Estimate (MRE) for the ANV, Gbongogo South, and Koban North deposits indicate continued growth, with further resource updates expected for other targets by year-end [6][9][44] - The exploration program aims to discover over 1 million ounces of Measured and Indicated Resources at a grade 50% higher than the Koné deposit before production begins [42][44] Financial Position - As of September 30, 2025, the company reported total liquidity and funding sources of $712.8 million, which includes $159.0 million in cash and $487.5 million in undrawn funding sources [40][41] - Cash flows from financing activities increased to $156.8 million in Q3-2025, while cash flows used in investing activities rose to $92.1 million, reflecting ongoing construction activities [38][39] - The company signed a binding commitment letter for a $50.0 million Working Capital Facility, which is expected to enhance its financial flexibility [42]
Allied Critical Metals Confirms Ultra High-Grade Tungsten Zone at Borralha with 18.0 m @ 0.85 % WO3 including 4.0 m @ 3.72 % WO3
Newsfile· 2025-11-12 22:00
Core Insights - Allied Critical Metals Inc. has confirmed and expanded an ultra high-grade tungsten zone at its Borralha project in Portugal, reinforcing its significance as a major tungsten discovery in Europe amid rising global prices [2][4][11]. Company Updates - The company is focused on its 100% owned Borralha and Vila Verde tungsten projects in northern Portugal, with recent assay results from the ongoing 2025 Reverse Circulation drilling campaign [3][30]. - New assay results from holes Bo_RC_25/25, Bo_RC_20/25, and Bo_RC_29/25 confirm exceptional tungsten grades and strong mineralization continuity, supporting a significant expansion of the upcoming Mineral Resource Estimate (MRE) [4][11][15]. Market Context - Tungsten prices have recently reached USD $700/MTU APT, reflecting a 70% increase over the past six months due to rising demand for critical raw materials and tightening global supply [5][30]. - The Borralha project is strategically important as the EU currently relies on over 80% of its tungsten imports from China, making it a key opportunity for developing a secure domestic supply [33]. Geological Insights - The drilling results indicate a continuous, steeply dipping, high-grade tungsten backbone that remains open along strike and at depth, which is crucial for the forthcoming MRE update and Preliminary Economic Assessment [13][30]. - The mineralization at Borralha is characterized by coarse-grained wolframite, which is highly desirable in global markets due to its favorable processing characteristics [30][33]. Future Plans - The company plans to complete the Phase 1 drilling campaign and finalize assay results, which will inform the updated Mineral Resource Estimate and subsequent economic studies [14][15]. - The updated MRE is expected in Q4 2025, alongside a Preliminary Economic Assessment scheduled for Q1 2026 [15][30].
OTC Markets Group Welcomes District Metals Corp. to OTCQX
Globenewswire· 2025-11-12 12:00
Core Insights - District Metals Corp. has qualified to trade on the OTCQX Best Market, upgrading from the OTCQB Venture Market, which signifies a milestone for the company in terms of visibility and investor engagement [1][3]. Company Overview - District Metals Corp. is a disciplined, science-based exploration and development company focused on mineral properties, aiming to create shareholder value and benefit stakeholders [4]. - The company is recognized as a 2025 TSX Venture 50 company, ranking among the top-performing issuers on the TSX Venture Exchange in the past year [4]. Properties and Resources - The Viken Property in Sweden contains the largest undeveloped Mineral Resource Estimate of uranium globally, along with significant resources of vanadium, molybdenum, nickel, copper, and zinc [5]. - The Tomtebo Property is located in the Bergslagen Mining District and is situated between two historic mines, showcasing similar geological features and mineralization trends [6].
Omai Gold's Deep Hole Intersects 2.57 g/t Au over 8.6m and 5.12 g/t Au over 3.6m, 700m Below Wenot Gold Deposit
Newsfile· 2025-11-12 11:02
Core Insights - Omai Gold Mines Corp. announced significant assay results from deep drill hole 25ODD-122W, confirming the depth potential of the Wenot Gold Deposit, with multiple gold zones intersected at approximately 700m below the known deposit [1][2][5] - The results suggest a potential doubling of the overall size of the Wenot deposit, indicating a much longer mine life due to the discovery of gold zones extending at least 220m north to south [2][5][24] Summary by Sections Drill Results - The deep hole intersected multiple gold zones, including notable grades of 2.57 g/t Au over 8.6m, 5.12 g/t Au over 3.6m, and 2.19 g/t Au over 7.9m, with the latter including 3.61 g/t Au over 4.4m [4][8][11] - The hole reached a final depth of 2,014m, exceeding expectations, and confirmed the continuation of the Wenot Shear Corridor at significant depths [1][5][10] Geological Context - The Wenot Shear Corridor was first encountered around 1,740m downhole, with various mineralized zones identified within the sheared and altered mafic volcanics [7][10] - The best gold zones were found within the southern sedimentary sequence, extending from the central quartz-feldspar porphyry dike [8][9] Company Outlook - The current Mineral Resource Estimate for the Omai Gold Project, including both the Wenot and Gilt Creek deposits, totals 2,121,000 ounces of gold (Indicated) averaging 2.07 g/t Au [24] - The company plans to conduct further drilling to explore known gold occurrences and optimize the upcoming Preliminary Economic Assessment (PEA) [24]
FireFly Metals (OTCPK:MNXM.F) 2025 Earnings Call Presentation
2025-11-10 14:15
DISCLAIMER, COMPLIANCE & CAUTIONARY STATEMENTS This presentation has been prepared by FireFly Metals Ltd (Company) based on information from its own and third party sources. No party other than the Company has authorised or caused the issue, lodgement, submission, dispatch or provision of this presentation, or takes any responsibility for, or makes or purports to make any statements, representations or undertakings in this presentation. To the maximum extent permitted by law, the Company and its related bod ...
Zacatecas Silver Secures Community Access Agreement at Panuco and Signs Drill Contract with Major Drilling
Globenewswire· 2025-11-10 12:00
Core Insights - Zacatecas Silver Corp. has entered into a new community access agreement with Ejido Panuco, demonstrating strong local support for its exploration initiatives [1][2] - The company has finalized a drill contract with Major Drilling for an initial 4,000 meters of angled diamond drilling, aimed at expanding the Mineral Resource Estimate [1][3] Community Access Agreement - The agreement was unanimously approved by the Ejido, allowing Zacatecas Silver to submit its application to SEMARNAT for drill permits [2] - The permitting process is expected to be straightforward, following successful previous campaigns [2] Drill Contract with Major Drilling - Major Drilling is prepared to mobilize upon receipt of the necessary permits [3] - The drilling program will focus on extending high-grade mineralization both within and beyond the current resource envelope [3][4] Panuco Highlights - The Panuco vein system remains open in all directions, with drilling aimed at extending the strike length of known mineralization [4] Company Overview - Zacatecas Silver Corp. operates two key projects: the Zacatecas Silver Project and the Esperanza Gold Project [5][8] - The Zacatecas Silver Project is located in the Fresnillo silver belt, covering 7,826 hectares, and has a Mineral Resource Estimate of 3.41 million tonnes at 187 g/t AgEq, totaling 20.5 million ounces AgEq [6][8]
i-80 Gold Announces High-Grade Mineral Resource Estimate for the FAD Project and Confirms Near-Surface Oxide Mineralization
Prnewswire· 2025-11-06 22:15
Core Insights - i-80 Gold Corp. announced a mineral resource update for its FAD Project, confirming high-grade mineralization of gold, silver, lead, and zinc [1][4][5] - The FAD Project is located in a prolific mining area in northeastern Nevada and is considered a non-core asset, potentially available for sale to support the company's recapitalization objectives [4][5][19] Mineral Resource Update - The updated mineral resource estimate includes: - Indicated Mineral Resource: 594 kt at 4.51 g/t Au, 209.7 g/t Ag, 4.34% Pb, and 6.77% Zn, containing 86 koz Au, 4.0 Moz Ag, 57 Mlb Pb, and 89 Mlb Zn [5][6] - Inferred Mineral Resource: 2,736 kt at 5.07 g/t Au, 188.6 g/t Ag, 3.69% Pb, and 4.42% Zn, containing 446 koz Au, 16.6 Moz Ag, 223 Mlb Pb, and 267 Mlb Zn [5][6] - The total mineralized material at spot prices is approximately 7,360 kt, containing 895 koz Au, 31 Moz Ag, 408 Mlb Pb, and 680 Mlb Zn [17][18] Geological and Metallurgical Insights - The FAD deposit is characterized as a mid-Cretaceous gold-rich carbonate replacement deposit, primarily hosted by the Eldorado dolomite [27][28] - Preliminary metallurgical tests indicate the presence of critical metals such as gallium and indium in the zinc concentrate, with average grades of 126.0 g/t and 122.5 g/t, respectively [26][24] - The project has potential for additional drilling to further enhance resource estimates and validate historical data [4][5] Project Background and Acquisition - The FAD Project was acquired in 2023 through the purchase of Paycore Minerals Inc. for approximately US$88 million [5][19] - Historical exploration efforts have included significant drilling and development work, with the property consisting of 75 unpatented and 110 patented mining claims [22][20] Strategic Focus - The company is concentrating on advancing its five core gold projects and refurbishing the Lone Tree central processing facility, aiming to establish itself as a mid-tier gold producer in Nevada [4][31][35] - The FAD Project, while presenting significant upside potential, is not a primary focus and may be sold to support the company's broader strategic objectives [4][5]
i-80 Gold Announces High-Grade Mineral Resource Estimate for the FAD Project and Confirms Near-Surface Oxide Mineralization
Prnewswire· 2025-11-06 22:15
Core Insights - i-80 Gold Corp. announced a mineral resource update for its FAD Project, confirming high-grade mineralization of gold, silver, lead, and zinc [1][4][5] - The FAD Project is located in a prolific mining area in northeastern Nevada and is considered a non-core asset, potentially available for sale to support the company's recapitalization objectives [1][4][5] Mineral Resource Update - The updated mineral resource estimate includes an Indicated Mineral Resource of 594,000 tonnes at grades of 4.51 g/t Au, 209.7 g/t Ag, 4.34% Pb, and 6.77% Zn, containing approximately 86,000 ounces of gold and 4.0 million ounces of silver [5][6] - An Inferred Mineral Resource of 2,736,000 tonnes at grades of 5.07 g/t Au, 188.6 g/t Ag, 3.69% Pb, and 4.42% Zn, containing approximately 446,000 ounces of gold and 16.6 million ounces of silver was also reported [5][6] - The total mineralized material at spot prices is approximately 7,360,000 tonnes, containing 895,000 ounces of gold and 31 million ounces of silver [5][17] Project Potential - The FAD Project has significant upside potential due to its high-grade nature and remains open at depth, with additional drilling expected to enhance resource estimates [4][5] - The project is situated in a tier-one mining jurisdiction, which could provide substantial exposure to high-grade polymetallic mineralization [4][5] Historical Context - The FAD Project was acquired in 2023 through the purchase of Paycore Minerals Inc. for approximately US$88 million [5][19] - Historical exploration has been conducted on the property since the mid-20th century, with significant work completed by Hecla Mining Company [20][21] Metallurgical Testing - Preliminary metallurgical tests indicate the presence of critical metals such as gallium, indium, antimony, and tin in the zinc concentrate, enhancing the project's value [5][26] - The average net smelter returns are approximately $430 per tonne for the indicated resource and $442 per tonne for the inferred resource [5][6] Company Strategy - The company is focused on advancing its portfolio of five core gold projects and refurbishing the Lone Tree central processing facility to establish itself as a mid-tier gold producer [4][5][35] - The FAD Project, while non-core, presents an opportunity for monetization through potential sales or further development [4][5]
Montage Gold Provides Exploration Update on the Sissédougou Trend at Its Koné Project in Côte d’Ivoire
Globenewswire· 2025-11-06 11:00
Core Insights - Montage Gold Corp. has reported significant progress in exploration at its Koné Project in Côte d'Ivoire, particularly with the Sissédougou trend, where the resource for the ANV deposit has more than doubled since earlier this year [2][10][41] - The ongoing 120,000-meter drill program has successfully identified multiple mineralized trends and targets, with all drill-tested targets returning positive results [3][12][7] - The company anticipates further growth in mineral resources as exploration continues, with a focus on both existing and new targets [11][32] Exploration and Resource Updates - The Koné project includes 7 mineralized trends with 52 identified targets, and mineralization has been confirmed at all 23 targets drill-tested so far [3][12] - The Sissédougou trend has shown a notable increase in Indicated Resources, rising by 72,000 ounces to 129,000 ounces at a grade of 1.06 g/t Au, and Inferred Resources increased by 54,000 ounces to 85,000 ounces at 1.1 g/t Au [5][32] - The overall Koné project Mineral Resource Estimate now stands at 5.49 million ounces of Indicated Resources at a grade of 0.63 g/t Au and 704,000 ounces of Inferred Resources at a grade of 0.51 g/t Au, representing a 13% increase in Indicated Resources and a 76% increase in Inferred Resources compared to the previous estimate [41][42] Drilling Program and Results - The 2025 drilling program was increased from 90,000 meters to 120,000 meters, with 87,595 meters drilled to date, focusing on the Gbongogo–Koroutou and Sissédougou trends [15][12] - High-grade mineralization has been intercepted at various targets, including notable drill results such as 29.0 meters at 3.55 g/t Au and 20.0 meters at 13.10 g/t Au [27][26] - The company is conducting a systematic auger drilling campaign to further define targets, with promising results indicating multiple gold anomalies over a 5 km area north of the ANV deposit [29][19] Construction Progress - Construction at the Koné project is progressing ahead of schedule, with key work packages tracking up to three months ahead, including the completion of all seven tanks on the first CIL train [8][6] - The processing plant area is advancing well, and early completion of the oxide circuit may allow for an earlier first gold pour [8][6] Strategic Objectives - Montage Gold aims to integrate higher-grade material from the onset of production, which is expected to yield significant returns on exploration investments [7][11] - The company is focused on becoming a premier African gold producer, with the Koné project positioned as a key asset in achieving this goal [46]