Highlights: Courvan Trend infill drilling results intersected near-surface gold zones with significant grades up to 6.2 g/t Au over 4.9 metres, including 26.8 g/t Au over 1.0 metres and thick gold zones, including an intersection of 3.1 g/t Au over 17.0 metres, including 14.1 g/t Au over 2.0 metres.The recently completed 50,000-metre winter infill drilling program was designed to support the upcoming 2025 Pre-Feasibility Study, which is expected by year-end. TORONTO, June 17, 2025 (GLOBE NEWSWIRE) -- Probe ...

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Group 1: Company Financials - Maxus Mining Inc. announced that investors exercised 1,771,500 common share purchase warrants, generating gross proceeds of $354,300 from May 16, 2025, to June 13, 2025 [1] - The capital raised will strengthen the Company's balance sheet and will be allocated for future exploration, new projects or acquisitions, corporate development, marketing, and working capital [2] Group 2: Marketing Agreement - The Company entered into a marketing agreement with RMK Marketing Inc. for a term of 6 months starting June 18, 2025 [3] - RMK will provide various marketing services, including coordinating marketing actions, optimizing AdWords campaigns, and managing online marketing projects [4] - The Company will compensate RMK $250,000, with an option to increase the advertising budget up to $350,000 during the term [5] Group 3: Company Overview - Maxus Mining Inc. is focused on mineral exploration, aiming to locate, acquire, and develop economic mineral properties in premier jurisdictions [6] - The Company has a diverse portfolio of exploration properties, including approximately 7,244 hectares across multiple projects, such as four antimony projects and the Penny Copper Project [6] - The Penny Copper Project has a history of exploration activity and recent sampling returned copper values up to 2,388 ppm Cu [7] Group 4: Project Highlights - Historical samples from the Quarry Antimony Project showed significant mineralization, including 0.89% Au and 20% Sb [8] - The Lotto Tungsten Project has reported high tungsten grades, with a selected grab sample assaying 10.97% Wo3 [8] - The Altura and Hurley Antimony projects are strategically located near recent high-grade discoveries, with assays up to 69.98% Sb and 19.2% Sb reported [8]

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Core Viewpoint - Rua Gold Inc. has reported significant high-grade gold-antimony drilling results at the Auld Creek project, indicating substantial depth potential and continuity of mineralization beyond the current resource estimate [1][2][4]. Company Summary - Rua Gold is focused on expanding the Auld Creek resource, with drilling efforts aimed at both depth and lateral extensions, particularly in the Fraternal and Bonanza prospects [2][4]. - The company has an inferred resource of 700,000 tonnes at 3.1g/t Au and 1.1% Sb, equating to approximately 67,000 ounces of gold and 8,000 tonnes of antimony [11]. - Recent drilling has confirmed high-grade intersections, including 2.1m at 64.0g/t AuEq from a depth of 310m, showcasing the potential for resource growth [4][12]. Industry Context - Antimony is increasingly recognized as a critical mineral due to its applications in renewable energy, batteries, and technology, with prices surging from US$11,350 to over US$60,000 per tonne since early 2024 [8][9]. - The supply of antimony is predominantly controlled by China, Russia, and Tajikistan, making it a strategic material amid geopolitical tensions [8][9]. - New Zealand has included antimony in its Critical Mineral List, reflecting its importance in the global supply chain and the heightened demand for alternative sources [9].

Core Viewpoint - Group Eleven Resources Corp. announced early warrant and option exercises totaling $2.2 million, enhancing its financial flexibility for ongoing drilling activities at the Carrickittle West prospect in Ireland, which is considered a promising target for mineralization [2][6]. Drilling and Exploration Update - Drilling at the Ballywire discovery continues with three rigs, having completed nine new holes, with significant results indicating the presence of brecciation, faulting, and hydrothermal fluids [4][5]. - The Carrickittle West prospect, which includes the Stonepark and PG West projects, is located near Glencore's Pallas Green deposit, with the potential to host a similar mineralizing system [4][25]. - Key attributes observed in the drilling include significant pyrite and trace sphalerite, suggesting proximity to high-grade mineralization [4][5]. Financial Position - The company has received proceeds of $2,206,752 from early warrant and option exercises since a C$2.5 million placement closed on February 28, 2025, increasing its cash position to approximately C$4.3 million as of June 13, 2025 [5][6]. - This strengthened financial position allows the company to ramp up drilling activities in 2025 and extend operations into 2026 [6]. Target Areas and Results - The most significant target emerging from recent drilling is the Kilteely Prospect, which features a large breccia body spanning at least 1.5 km [5]. - Additional target areas at Carrickittle West include the Bruff Prospect, which has shown extensive dolomitization and hydrothermal fluid flow, indicating potential for further mineralization [5][6]. - Future drilling plans include targeting the base of the Waulsortian Limestone on the hanging wall of the Kilteely Fault, with follow-up drilling warranted based on current findings [10][11].

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