Workflow
Mineral Resource Estimate
icon
Search documents
Denarius Metals Announces Updated Mineral Resource Estimate for Its Zancudo Project in Colombia, Upgrading 23% to Indicated Resources; Preparing to Commence Next 15,000 Meters of Drilling at Zancudo
Newsfile· 2025-11-03 12:00
Core Viewpoint - Denarius Metals Corp. has announced an updated Mineral Resource Estimate (MRE) for its Zancudo Project in Colombia, showing a 23% upgrade to indicated resources and plans to commence a new drilling campaign of 15,000 meters [1][3][17]. Summary by Sections Updated Mineral Resource Estimate - The updated MRE indicates 979,000 tonnes of indicated resources grading 6.9 g/t gold and 84 g/t silver, totaling 217,000 ounces of gold and 2.7 million ounces of silver [5][7]. - Inferred resources increased by 13% to 4.6 million tonnes grading 5.6 g/t gold and 84 g/t silver, totaling 832,000 ounces of gold and 12.5 million ounces of silver [5][7]. Drilling Campaign and Future Plans - The company is preparing for a new drilling campaign of 15,000 meters, targeting high-grade structures and aiming to convert inferred resources to indicated resources [4][6][17]. - The drilling will focus on four primary objectives, including surface in-fill drilling at the Brisas target and the El Castaño target, as well as underground drilling at the Independencia Mine [18]. Project Development and Economic Assessment - The Zancudo Project is fully permitted for production, with a new 1,000 tonnes per day flotation processing plant under construction [4][18]. - An updated preliminary economic assessment (PEA) is being prepared, reflecting the positive impact of the 2024 in-fill drilling campaign and current metal prices [3][4]. Geological and Technical Details - The mineralization at the Zancudo Project occurs in stacked mantos and steeply dipping veins, with a known vertical extent of 400 meters [5][7]. - The updated MRE is based on 47,329 meters of diamond drilling across 194 holes, including 7,225 meters from the 2024 drilling campaign [5][7].
Firefly Metals hits high-grade copper zone at Green Bay - ICYMI
Proactiveinvestors NA· 2025-10-31 03:27
Core Insights - FireFly Metals Ltd has announced further high-grade copper-gold intercepts from its Green Bay project in Canada, confirming a continuous high-grade core zone extending for 800.00 metres in strike length, remaining open at depth and along trend [1][8]. Drilling Results - The high-grade zone measures between 30.00 and 50.00 metres wide, with a key intercept returning 43.00 metres at 7.60% copper, including an internal interval of 15.00 metres at 16.00% copper equivalent, highlighting the presence of gold credits [2][9]. Project Development - Following a summer break, drilling and assay work has resumed rapidly, with the company focusing on upgrading its existing indicated resource from 24.00 million tonnes to between 30.00 and 50.00 million tonnes, supporting a scoping study scheduled for release at the end of Q1 2026 [3][11][12]. Drilling Operations - Eight drill rigs are currently operating at Green Bay, with six positioned underground for infill drilling and two conducting surface exploration, targeting areas that have never been tested [4][14]. Future Expectations - An updated mineral resource estimate is expected by the end of the current quarter, with a second resource update planned for early 2026 ahead of the scoping study [5][10]. The company anticipates steady news flow as drilling and exploration continue across the project [5][14].
Orosur Mining expands exploration footprint at Anzá and El Pantano projects
Yahoo Finance· 2025-10-30 14:45
Core Insights - Orosur Mining has reported significant gold grades from new assays at the Pepas prospect within the Anzá gold project in Colombia, with PEP066 showing 112m at 5.25 grams per tonne of gold from the surface [1] - The company holds full ownership of the exploration titles at the Anzá project, which covers approximately 330km² and includes multiple prospects [2] Exploration and Development - The focus is on expanding exploration at the Pepas prospect, with plans to develop an initial mineral resource estimate (MRE) [3] - Soil geochemistry at El Cedro has indicated high-grade potential, and a second porphyry has been identified for future exploration, with drilling expected to start in early 2026 [3] - APTA has undergone 38,000m of drilling, but further drilling is needed to achieve an MRE, with plans to expedite this process in late 2025 [4] New Projects - A drill rig has arrived at the El Pantano project in Argentina to commence initial drilling, which spans around 550km² in the resource-rich Deseado Massif [5] - Orosur Mining owns a 51% stake in the El Pantano project and has committed to invest $1 million in exploration by February 2025 [6] Strategic Positioning - The CEO of Orosur Mining stated that following a recent capital raising, the company is positioned well to explore and capitalize on the buoyant gold market through a strategy of geological selection and 100% ownership [7]
Canuc Begins Drilling at East Sudbury Project (ESP)
Newsfile· 2025-10-30 13:00
Core Insights - Canuc Resources Corporation has initiated a diamond core drilling program at its East Sudbury Project (ESP) to explore gold mineralization [1][6] - The company acquired 100% ownership of the ESP on May 8, 2025, and has since verified historical gold assay data, identifying multiple gold prospects [2][9] - The drilling program aims to provide infill data for previously identified gold zones, with the goal of calculating a maiden Mineral Resource Estimate for Gold Lens 1 [6][7] Company Overview - Canuc Resources Corporation is a junior resource company with a 100% interest in the East Sudbury Project, which spans 19,710 hectares and is located near the Sudbury Mining Camp [9] - The ESP includes the historical Scadding Gold Mine and is associated with critical and precious metal mineralization [9] - The company also holds a 100% interest in the San Javier Silver-Gold Project in Mexico and generates cash flow from natural gas production at its MidTex Energy Project in Texas [10][12] Drilling Program Details - The drilling program will focus on a well-defined zone of gold mineralization adjacent to the historical North Pit gold mine, with a mineralized zone measuring 80 m x 3 m x 100 m [3][4] - Historical assay results from the mineralized zone show a range from less than 1 g/t to highs of 735.51 g/t, with the best intersection reported at 36.27 g/t Au over 12.27 m [4][5] - A minimum of 15 drill holes are planned for this phase to gather fill-in information for areas not previously tested [4][6]
Pasofino Gold Announces Annual Meeting Results Shareholders Approve All Matters
Newsfile· 2025-10-29 14:44
Core Viewpoint - Pasofino Gold Limited announced that all proposals submitted to shareholders at its annual general and special meeting were approved, reflecting strong shareholder support with over 75% approval for each matter voted on [1][2]. Group 1: Meeting Results - Four matters were voted on and received greater than 75% approval, with approximately 83 million shares voted at the meeting [2]. - The company expressed gratitude to its shareholders for their continued support [2]. Group 2: Company Overview - Pasofino Gold Limited is a Canadian-based mineral exploration company listed on the TSX Venture Exchange, owning 100% of the Dugbe Gold Project prior to the Government of Liberia's 10% carried interest [11]. - The Dugbe Gold Project spans 1,410 km² in southern Liberia and is located within the Birimian Supergroup, known for hosting significant West African gold deposits [4]. Group 3: Project Details - The Dugbe Gold Project has two identified deposits, Dugbe F and Tuzon, with a combined Mineral Resource Estimate of 3.3 million ounces (Moz) at an average grade of 1.37 g/t Au, and an additional 0.6 Moz in Inferred resources [5]. - A Definitive Feasibility Study completed in June 2022 led to a Mineral Reserve Estimate based on open-pit mining over a 14-year Life of Mine [6]. Group 4: Future Plans - The company is focusing on updating the feasibility study for the Dugbe Gold Project to support project financing efforts aimed at commencing construction in 2026 [10].
Gold Terra Announces Drill Targets Near Surface Along the Campbell Shear South of the Con Mine, Yellowknife, NWT
Accessnewswire· 2025-10-27 11:00
Core Viewpoint - Gold Terra Resource Corp is advancing its drilling program along the Campbell Shear in the Yellorex Trend, with the potential to increase its mineral resource estimate (MRE) due to favorable gold prices exceeding US $4000 per ounce [1][3]. Company Update - The 2025-2026 drill program targets are located along the Campbell Shear south of the historic Con Mine, where a Mineral Resource Estimate (MRE) was outlined in 2022 [1]. - The company has the right to acquire 100% of the Con Mine Option (CMO) property from Newmont Corporation until November 21, 2027 [2]. - The near-surface drilling targets have been finalized, focusing on areas with a potential average grade of 6 g/t using a lower cut-off grade [3]. - Gold Terra's land tenure covers over 70 kilometers of strike length in a historically high-grade gold belt in Canada [3]. Drilling Targets - The Yellorex Trend drilling targets include: - Yellorex Main Zone (YRX), which accounts for over 65% of the 2022 MRE [5]. - Yellorex North (YRX-N), drilled in 2023, not included in the 2022 MRE [5]. - C17 area, which requires drilling on a 50-meter spacing between surface and 600 meters vertical [5]. - Historical drill intersections from the C17 area include: - CON-C1707: 4.79 g/t Au over 8.08m - CON-C1708: 3.20 g/t Au over 7.62m [5]. Mineral Resource Estimate - The October 2022 MRE was based on a 3.50 g/t cut-off, with potential for lower cut-off grades to be tested in upcoming drilling [6]. - The CMO Deposit MRE has been estimated at various cut-off grades, demonstrating sensitivity to gold prices [6]. - The company aims to raise the confidence level of future resource estimates through planned exploration drilling [6]. Project Overview - The Yellowknife Project encompasses 918 sq. km of land near Yellowknife, controlling one of Canada's major high-grade gold camps [8]. - The project is strategically located within 10 kilometers of vital infrastructure, enhancing operational efficiency [8]. - The CMO property claims are immediately south of the past-producing Con Mine, which produced 6.1 million ounces of gold from 1938 to 2003 [8][9].
G2 Goldfields Issues Corporate & Exploration Update
Globenewswire· 2025-10-27 10:00
Core Insights - G2 Goldfields Inc. is advancing the Oko Gold Project in Guyana towards production, with an updated Mineral Resource Estimate (MRE) and a maiden Preliminary Economic Assessment (PEA) expected in November 2025 [1][2] - The Oko Project is a high-grade gold project with significant exploration activities aimed at resource growth and regional discovery [1][2] Corporate Update - The Oko Project is adjacent to the Oko West Project developed by G Mining Ventures Corp. G2 will publish its maiden PEA based on data from 666 diamond drill holes totaling 170,329 meters, with a cut-off date of August 31, 2025 [2] - The PEA will evaluate the economic viability of a standalone mining operation that includes multiple open pits and underground operations [2] - G2 is conducting additional environmental and geotechnical studies to support permitting activities for the Project [2] Spin-Out of G3 Goldfields Inc. - G2 will complete a spin-out of G3 Goldfields Inc., where G2 shareholders will receive one G3 share for every two G2 shares held as of the effective date [3] - G3's exploration portfolio includes three historical gold mines covering approximately 87,000 acres [3] - The spin-out is subject to regulatory and court approvals, as well as a two-thirds vote at the annual general meeting on November 27, 2025 [3] Near-Mine Resource Growth and Discovery Drilling Programs - In September, G2 conducted a comprehensive review of existing data and completed a drone-assisted geophysical survey over its 105,000-acre land package [4] - This review led to the identification of eight high-priority drill target areas for near-mine resource growth and discovery [4] Highlights of Upcoming Assessments - The maiden PEA is anticipated to be released in November, alongside the completion of the G3 spin-out in December [6] - Drilling is currently underway with multiple rigs testing new high-priority targets, including visible gold identified in two of five maiden drill holes in a new border zone [6] Target Areas for Drilling - **Target 1 - Border Zone**: Focuses on extensions of high-grade drilling intercepts by G Mining, with planned drilling of 7,400 meters [8] - **Target 2 - OMZ West**: Involves drilling to test shear zones with high-grade mineralization, with an initial program of 2,200 meters planned [12] - **Target 3 - High Hill**: Initial drilling has shown promising results, with a follow-up program of 1,060 meters planned [15] - **Target 4 - Oko North**: This area has indicated resources of 808,000 ounces and inferred resources of 513,500 ounces, with an 800-meter drill program planned [20] - **Target 5 - Birdcage**: A 1,700-meter drill program is planned to test the known strike extent of the shear structure [23] - **Target 6 - RED Zone**: Initial drilling has defined a shear zone over 300 meters, with further drilling planned [24] - **Target 7 - Sands**: An 800-meter diamond drill program is planned to explore a quartz vein exposed by artisanal mining [25] - **Target 8 - Aremu West**: Initial soil sampling has identified gold anomalies, with trenching planned to follow up [30] Company Overview - G2 Goldfields Inc. focuses on finding and developing gold deposits in Guyana, with a history of discovering over 10 million ounces of gold in the Guiana Shield [33] - The updated MRE for the Oko property includes significant resources across various zones, indicating the project's potential [36][34][35]
FireFly announces major high-grade copper and gold exploration breakthrough at Green Bay
Globenewswire· 2025-10-26 22:47
Core Insights - The Green Bay Copper-Gold Project in Canada is revealing an extremely high-grade core of copper and gold mineralization over a strike length of at least 800 meters, which remains open for further exploration [2][5][4] - Recent drilling results have shown significant intersections, including 43.6 meters at 7.6% copper equivalent (CuEq) and 15 meters at 16% CuEq, indicating a rich mineralized core that will impact the upcoming Mineral Resource Estimate [2][7][33] - The current Mineral Resource Estimate for Green Bay totals 24.4 million tons at 1.9% for 460,000 tons CuEq of Measured & Indicated Resources and 34.5 million tons at 2.0% for 690,000 tons CuEq of Inferred Resources [11][12] Drilling Results - Recent drilling has confirmed the presence of high-grade mineralization, with notable intersections such as 43.6 meters at 7.6% CuEq in hole MUG25-214, which includes an upper VMS zone grading 14.9 meters at 16.0% CuEq [2][33] - Additional significant intersections include 49.0 meters at 6.1% CuEq in hole MUG25-202 and 86.3 meters at 3.7% CuEq in hole MUG24-079, showcasing the potential for large-scale mining [2][6][11] - Infill drilling has also returned exceptional results, such as 4.1 meters at 17.4% CuEq and 16.0 meters at 13.5% CuEq, further confirming the high-grade nature of the mineralization [8][39] Exploration and Resource Conversion - Eight diamond rigs are currently operational, focusing on upgrading the existing Mineral Resource, extending known mineralization, and exploring new regional discoveries [2][19] - Regional exploration is actively underway, with drill rigs testing conductive geophysical anomalies in the central Green Bay leases, indicating ongoing efforts to expand the resource base [3][14] - The company is well-funded to accelerate its growth campaign and engineering studies following a recent equity raising [15]
Gold X2 Files Technical Report for the Huronian Gold Project
Newsfile· 2025-10-24 00:48
Core Viewpoint - Gold X2 Mining Inc. is advancing its proposed acquisition of Kesselrun Resources Ltd., which includes the high-grade Huronian Gold Project, enhancing its strategic position in the Shebandowan Greenstone Belt [1][6]. Company Overview - Gold X2 Mining Inc. is focused on acquiring and advancing primary gold assets in tier-one jurisdictions, with a significant investment of over $75 million in its flagship Moss Gold Project [11]. - Kesselrun Resources is a mineral exploration company based in Thunder Bay, Ontario, with a focus on property acquisitions and discoveries [9]. Transaction Details - The acquisition of Kesselrun will transfer ownership of the Huronian Gold Project and Bluffpoint Gold Project to Gold X2 upon completion [2][8]. - Kesselrun has obtained an interim court order to hold a special meeting for shareholder approval of the transaction [7]. - Completion of the transaction is subject to shareholder approval, final court approval, and TSX Venture acceptance [8]. Huronian Gold Project - The Huronian Gold Project consists of 293 contiguous mineral claims covering approximately 4,777 hectares and is located adjacent to Gold X2's Moss Gold Project [3][10]. - Kesselrun has secured an early exploration permit for the Huronian Gold Project, effective for three years [4]. Technical Report - A technical report titled "Technical Report, Geological Introduction to Gold X2 Mining Inc.'s Huronian Gold Project" has been filed, detailing the project's geological potential [2][5]. - The report was prepared by independent qualified persons and is available on SEDAR+ [5].
Scorpio Gold Files Technical Report Detailing Mineral Resource Estimate
Newsfile· 2025-10-23 22:40
Core Viewpoint - Scorpio Gold Corporation has filed an independent technical report detailing its maiden mineral resource estimate at the Manhattan District in Nevada, which includes both current and historical mineral estimates [1][2][4]. Group 1: Technical Report Details - The technical report is titled "Mineral Resource Estimate and NI 43-101 Technical Report, Manhattan Property, Nye County, Nevada" with an effective date of June 4, 2025 [2]. - The report was prepared by a team of qualified professionals from various geological consulting firms [2]. - A copy of the technical report is available on Scorpio Gold's website and SEDAR+ profile [3]. Group 2: Maiden Mineral Resource Estimate (MRE) Highlights - The maiden mineral resource estimate includes 18,343,000 tonnes grading 1.26 g/t gold, totaling 740,000 ounces of contained gold in the inferred category [4][7]. - The historical mineral resource estimate covers several satellite deposits, comprising 1,652,325 tonnes grading 5.89 g/t gold, totaling 303,949 ounces of contained gold [4]. - The Manhattan District has historically produced approximately 700,000 ounces of gold from high-grade operations dating back to the late 1890s [4]. Group 3: Project Overview - The Manhattan District is located in the Walker Lane Trend of Nevada, approximately 20 kilometers south of the Round Mountain Gold Mine, which has produced over 15 million ounces of gold [4]. - Scorpio Gold holds a 100% interest in the Manhattan District, which spans approximately 4,780 hectares and includes the advanced exploration-stage Goldwedge Mine [9]. - The project presents significant resource potential with over 140,000 meters of historical drilling and valuable permitting and water rights [9].