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Fortuna Advances Diamba Sud Gold Project in Senegal with Updated Mineral Resources; PEA Completion Targeted for Q4 2025
Globenewswire· 2025-08-05 09:00
Core Viewpoint - Fortuna Mining Corp. has released an updated Mineral Resource estimate for the Diamba Sud Gold Project in Senegal, indicating significant increases in both Indicated and Inferred Mineral Resources as of July 7, 2025 [1][8]. Summary by Category Mineral Resource Estimates - The Diamba Sud Gold Project contains an Indicated Mineral Resource of 14.2 million tonnes (Mt) at an average gold grade of 1.59 grams per tonne (g/t), equating to 724,000 ounces of gold [3][6]. - The Inferred Mineral Resource is estimated at 6.2 Mt with an average gold grade of 1.44 g/t, containing 285,000 ounces of gold [3][10]. - The Indicated Mineral Resource has increased by 53% since year-end 2024, while the Inferred Mineral Resource has seen a 93% increase over the same period [8]. Drilling and Resource Expansion - The updated estimate is based on new drilling conducted from July 2024 to July 2025, involving 243 holes and totaling 31,652 meters [4]. - New resource estimates for the Southern Arc and Moungoundi deposits have been introduced, with initial Inferred Mineral Resource estimates of 194,000 ounces and 31,000 ounces of gold, respectively [8][10]. Economic Analysis and Future Plans - A Preliminary Economic Analysis (PEA) is currently underway, with completion expected in the fourth quarter of 2025 [8]. - Exploration drilling at Southern Arc is ongoing, focusing on infilling and expansion drilling to upgrade Inferred Resources and explore open mineralization [9]. Geological Interpretation and Methodology - Infill drilling has improved geological interpretation and supported the conversion of Inferred Resources to Indicated Resources [9]. - The resource estimate incorporates data from 1,178 diamond and reverse circulation drill holes, totaling 154,814 meters, completed since 2019 [11]. Price Assumptions and Cost Refinements - The long-term gold price assumption has been increased to $2,600 per ounce, which, along with refinements to mining and processing costs, has contributed to updated pit shell optimization [9][26].
Carnaby Resources (CNB) 2025 Earnings Call Presentation
2025-08-05 07:40
Corporate Structure and Financials - Carnaby Resources has 228.4 million shares on issue[13] - The share price is $0.39, resulting in a market capitalization of $89 million[13] - The company's cash position is $15.8 million[13] - Top 20 shareholders hold 42.5% of the shares, while the board and management hold 9.4%[13] Greater Duchess Copper Gold Project - Consolidated Greater Duchess resources increased by 27% to 27.0Mt @ 1.5% CuEq for 400,000t CuEq[23] - The Trekelano acquisition adds 5.2Mt @ 1.6% CuEq, containing 85kt CuEq (1.4% Cu, 0.4g/t Au)[24] Trekelano Resource Highlights - Inheritance has a JORC 2012 Mineral Resource Estimate of 2.9Mt @ 1.5% CuEq, containing 43kt CuEq (1.3% Cu, 0.3g/t Au)[28] - The Historical Underground Mine has a JORC 2012 Mineral Resource Estimate of 1.5Mt @ 2.0% CuEq, containing 29kt CuEq (1.7% Cu, 0.5g/t Au)[37] Project Development and Economics - The scoping study results (excluding Trekelano) show a 9-year production target of 7.5Mt @ 1.9% CuEq, containing 140kt CuEq[58] - The estimated pre-tax NPV7% is $437 million, with an undiscounted pre-tax net cash flow of $715 million and an estimated pre-tax IRR of 141%[58] - The estimated pre-production Capex is approximately A$35 million[63]
Minerals 260 (MI6) 2025 Earnings Call Presentation
2025-08-05 01:05
ASX: MI6 Advancing one of Australia's largest undeveloped gold projects For personal use only 2.3Moz Bullabulling Gold Project Diggers & Dealers and Site Visit Presentation 4 August 2025 Luke McFadyen, Managing Director Important Notes and Disclaimer Overview This presentation contains summary information about Minerals 260 Limited (ACN 650 766 911) (Company) and is current as of the cover date. The information in this presentation is of a general background and does not purport to be complete. This present ...
Kootenay Completes NI 43-101 Technical Report Detailing 54 Moz at 284 gpt Silver Mineral Resource Estimate at Columba Project, Recommences Extension Drilling
Prnewswire· 2025-08-01 13:00
Core Viewpoint - Kootenay Silver Inc. has filed its first-ever Mineral Resource Estimate (MRE) for the Columba Silver Project, marking a significant milestone for the company and the project located in Chihuahua, Mexico [1][2]. Company Announcements - The technical report supporting the MRE is titled "Technical Report on the Maiden Mineral Resource Estimate for the Columba Ag-Pb-Zn Project" and is available on SEDAR+ and the company's website [2]. - Drilling activities at the Columba project have recommenced, marking the seventh phase of drilling since 2019, aimed at extending mineralized zones [3]. Mineral Resource Estimate Highlights - The MRE indicates Inferred Mineral Resources of 5.92 million tonnes (Mt) with an average grade of 284 grams per tonne (gpt) silver, 0.19% lead, and 0.50% zinc, totaling approximately 54.1 million ounces (Moz) of silver, 25.2 million pounds (Mlbs) of lead, and 65.6 Mlbs of zinc [4][5]. - The estimate is based on a cut-off grade of 150 gpt Ag, considering a metal price of US$26.00/oz Ag, a mining cost of US$60.00/t rock, and processing costs of US$45.00/t mineralized material [4][10]. Geological Context - The Columba project is characterized as a high-grade epithermal vein system, with a surface extent of mapped veins measuring approximately 4 kilometers by 3 kilometers and a vertical extent of at least 350 meters [12][13]. - The veins are believed to have potential depths exceeding 700 meters, with all veins remaining open to depth [13][14]. Historical Context - Prior to Kootenay Silver's involvement, the Columba project had not seen exploration for nearly 40 years, with historical mining occurring in the early 1900s and a brief period from 1958 to 1960 [16][17]. Exploration and Development - Kootenay Silver has conducted over 53,000 meters of drilling across more than 200 holes, supported by detailed mapping and surveys [17]. - The company holds a 24-year surface access agreement covering all mineralized areas drilled to date, allowing for both exploration and exploitation [17].
Goldshore Announces Filing of Base Shelf Prospectus and Amendment to Option Agreement with Thunder Gold
Newsfile· 2025-07-30 20:00
Goldshore Announces Filing of Base Shelf Prospectus and Amendment to Option Agreement with Thunder Gold July 30, 2025 4:00 PM EDT | Source: Goldshore Resources Inc. If any securities are offered under the Base Shelf Prospectus, the terms of such securities and information regarding the intended use of the net proceeds resulting from a sale of such securities would be established at the time of any offering and described in a shelf prospectus supplement filed with the applicable Canadian securities regulator ...
American Pacific Mining (USGD.F) Earnings Call Presentation
2025-07-30 17:00
Company Overview - American Pacific Mining Corp (USGD) has approximately $13 million CAD in cash as of July 2025 [5, 6, 8] - The company is focused on high-grade projects in the Western US [8, 67] - Michael Gentile is a 14% shareholder [6] Madison Project (Montana, USA) - USGD acquired the Madison Copper Gold Project in June 2020 and has spent $7.7 million on exploration since 2019 [11] - The Madison Mine had past production of 2.7 million lbs of copper with grades ranging from ~20% to over 35% and 7,570 ounces of gold at 16.1 g/t [11] - The Broadway Mine had past production of 144,000 oz Au / 4.54 g/t [11, 27] - Phase I 2025 drill program intersected 23.2 g/t Au over 1.5 m within a broader 19.8 m interval of 2.0 g/t Au in hole APMMAD-25-02 [15] - APMMAD25-08 intersected 44.1 g/t Au over 1.5 m within a broader interval of 10.2 g/t Au over 7.6 m [18] Palmer VMS Project (Southeast Alaska, USA) - The company owns 100% of the Palmer VMS Project after taking over ownership from Dowa Metals and Mining Alaska Ltd, with Dowa retaining an option to acquire 50% of zinc offtake once in production [47] - Dowa made a $10 million USD cash payment to American Pacific as part of the transaction [47] - Total project expenditures of >$116 million USD by the end of 2024 [47] - Indicated Mineral Resources include 4.77 Mt at 1.69% Cu, 5.17% Zn, 0.14% Pb, 28.4 g/t Ag, and 0.29 g/t Au [54] - Inferred Mineral Resources include 12.00 Mt at 0.57% Cu, 3.92% Zn, 0.47% Pb, 66.3 g/t Ag, and 0.33 g/t Au [54]
Noble Announces Filing of NI 43-101 Technical Report for Previously Announced Mann Central and Mann West Initial Resources
Thenewswire· 2025-07-30 14:15
TORONTO – TheNewswire - July 30, 2025 – Noble Mineral Exploration Inc. ("Noble" or the "Company") (TSXV: NOB) (OTCQB: NLPXF) today announced that the Company has filed on SEDAR+ an independent technical report (the "Report") prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") supporting the initial mineral resource estimate for its Mann Nickel Sulphide Project (the "Mann Project") which consists of the Mann West and Mann Central Properties and ...
PAN GLOBAL ADVANCES DRILL PROGRAMS AT ESCACENA AND CÁRMENES PROJECTS, SPAIN
Prnewswire· 2025-07-30 11:25
Core Viewpoint - Pan Global Resources Inc. is advancing its drill programs at the Escacena and Cármenes Projects in Spain, focusing on high-priority targets with significant mineralization potential, while preparing for a maiden Resource Estimate for the La Romana deposit by year-end [2][5][6]. Escacena Project - The Escacena Project covers a 5,760-hectare area in the Iberian Pyrite Belt, hosting multiple targets including La Romana and La Pantoja [8]. - The ongoing drill program includes 20 completed drillholes as part of a 7,000-meter initiative, targeting VMS-associated copper, tin, silver, and gold [5][6]. - Recent drilling has extended the surface strike-length of mineralization at La Romana to 1.7 km, with further drilling planned to test high-grade mineralization extensions [6][7]. Cármenes Project - The Cármenes Project spans 5,653 hectares and is located in a geologic belt known for copper-gold mining, with a focus on breccia-style mineralization [9]. - The drill program at Cármenes is testing for high-grade gold and copper-nickel-cobalt at the Providencia target, with three of six planned drillholes completed [5][12]. - Recent results from Providencia indicate wide breccia intercepts and gold mineralization from near surface in every drillhole to date [12]. Technical Reporting and Resource Estimation - The company is in the process of selecting a consultant to prepare a NI 43-101-compliant Technical Report, including a maiden Mineral Resource Estimate for the La Romana deposit [7][11]. - The Escacena Project is strategically located near existing mining operations, enhancing its potential for development [11]. Market Context - The company is focused on exploring copper-rich deposits, which are critical for global electrification and energy transition, alongside gold, which is experiencing record prices [10].
NexGold Intersects 40.09 g/t gold over 17.7 Metres at the Goldboro Open Pit Gold Project
Globenewswire· 2025-07-30 11:00
TORONTO, July 30, 2025 (GLOBE NEWSWIRE) -- NexGold Mining Corp. (TSXV: NEXG; OTCQX: NXGCF) ("NexGold" or the "Company") is pleased to provide additional drill results from a recently- completed 26,854-metre diamond drill program initially announced on January 22, 2025 at the Company's Goldboro Open Pit Gold Project ("Goldboro") in Nova Scotia. The drill program is primarily designed to infill specific areas of the open pit Mineral Resource identified to improve geological and grade continuity and potentiall ...
AbraSilver Substantially Increases Total Diablillos Mineral Resources to 199 Million Ounces Contained Silver and 1.7 Million Ounces Contained Gold (350 Moz AgEq) in M&I
Newsfile· 2025-07-29 11:30
AbraSilver Substantially Increases Total Diablillos Mineral Resources to 199 Million Ounces Contained Silver and 1.7 Million Ounces Contained Gold (350 Moz AgEq) in M&I Updated MRE Highlights Significant Growth Primarily at Oculto & JAC, Plus Maiden Heap Leach Resource July 29, 2025 7:30 AM EDT | Source: AbraSilver Resource Corp. Toronto, Ontario--(Newsfile Corp. - July 29, 2025) - AbraSilver Resource Corp. (TSX: ABRA) (OTCQX: ABBRF) ("AbraSilver" or the "Company") is pleased to announce a substantial incre ...