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Doubleview Gold Corp Announces 320-Meter Eastward Extension at the Hat Polymetallic Deposit, Expanding Mineralized Volume and Remaining Open
Newsfile· 2025-10-23 12:45
Core Insights - Doubleview Gold Corp has announced a significant 320-meter eastward extension of the mineralized system at the Hat Polymetallic Deposit, indicating that the deposit remains open in multiple directions and is expected to contribute to an upcoming Mineral Resource Estimate (MRE) [2][3][4] Exploration Program Highlights - The 2025 exploration program has completed over 10,200 meters of drilling across 14 holes, successfully extending the mineralization more than 320 meters to the east [3][5] - The ongoing drilling has confirmed strong continuity of mineralization, with every hole intersecting mineralization, supporting the geological model [6][5] - The revised MRE is anticipated to include the entire drill database up to hole H101, with stronger assay data expected to lead to a meaningful increase in resource estimates [6][5] Mineralization Characteristics - The Hat Deposit is characterized by a robust association of copper, gold, cobalt, and scandium, demonstrating significant tonnage potential and continuity of mineralization [5][4] - The deposit is positioned to become one of North America's largest critical-metal-bearing polymetallic deposits, with important amounts of gold, cobalt, and silver present [5][4] Future Outlook - The company anticipates releasing assay results from the recent drilling as soon as analytical data are validated and interpreted [7] - The ongoing support from long-term shareholders and institutional investors is crucial for advancing the company's strategic initiatives in the critical minerals sector [15]
Q-Gold Resources Files NI 43-101 Technical Report on Mineral Resource Estimate for the Quartz Mountain Gold Project
Globenewswire· 2025-10-23 11:30
TORONTO, Oct. 23, 2025 (GLOBE NEWSWIRE) -- Q-Gold Resources Ltd. (TSXV: QGR) (“QGold” or the “Company”) announces details of the updated mineral resource estimate (“MRE” or “Mineral Resource Estimate”) set out in the technical report (the “Technical Report”) filed by the Company on October 20, 2025, respecting its Quartz Mountain property (“Quartz Mountain”), which forms a part of the Company's recently acquired wider Quartz Mountain Gold project (“Quartz Mountain Gold Project”), located in the historic Qua ...
Appia Begins Diamond Drilling to Extend and Delineate the Highgrade Mineralization at PCH Target IV in Goias State, Brazil and Announces Acceleration of 2024 Warrants
Newsfile· 2025-10-22 11:30
Core Points - Appia Rare Earths & Uranium Corp. has initiated a diamond drilling program at Target IV in Goiás State, Brazil, aiming to extend and delineate high-grade rare-earth elements (REE) mineralization [1][3] - The diamond drilling program will consist of at least 600 meters across three drill holes, each 200 meters deep, expected to be completed within approximately 25 days [3][4] - The company plans to update its Mineral Resource Estimate (MRE) following the completion of the current drilling programs, with an updated MRE anticipated by the end of Q1 2026 [4] Company Developments - The company has accelerated the expiry date of remaining common share purchase warrants, with 456,250 warrants already exercised and 12,150,000 remaining warrants set to expire if unexercised by November 19, 2025 [5][8] - Appia is involved in a transaction with Ultra Rare Earth Inc., which will acquire a 50% interest in Appia Brasil Rare Earths Mineracao Ltda, with closing scheduled for October 31, 2025 [9][10] - Ultra is required to invest US$2 million into a private placement, which will be used for general working capital [10] Technical Information - The high-grade mineralization previously discovered included 92,758 ppm or 9.28% Total Rare Earth Oxides (TREO) over 2 meters [3] - The company is also conducting drilling in the Ionic Clay zone with two auger drills, with assay results to be released after analysis [3][4] - The technical information has been reviewed by a Qualified Person as defined by National Instrument 43-101 [5]
Allied Critical Metals Drills 10.0 Metres of 1.11% Tungsten (WO3) at Borralha
Newsfile· 2025-10-22 11:30
Core Insights - Allied Critical Metals Inc. has reported significant assay results from its Borralha Tungsten Project, confirming high-grade mineralization and supporting a positive outlook for the upcoming Preliminary Economic Assessment (PEA) [2][4][11] Company Overview - Allied Critical Metals is focused on its 100% owned Borralha and Vila Verde tungsten projects located in northern Portugal, with Borralha being a historically significant tungsten operation [2][26] - The company aims to expand and upgrade its current Mineral Resource Estimate (MRE) and develop a robust PEA [14][29] Drilling Results - Recent drilling at Borralha has yielded one of the longest and highest-grade intervals, with notable results including 10.0 meters at 1.11% WO₃ and 90.0 meters at 0.24% WO₃ [8][9][11] - The drilling program has completed 4,210 meters out of a planned 5,625 meters, with further assay results expected soon [12][16] Market Context - The price of tungsten has increased to USD $670/MTU, reflecting a 50% rise over the last six months due to heightened demand and supply chain restrictions from non-Western countries [4] - Borralha is positioned as a strategic opportunity for tungsten supply in Europe, especially given the EU's reliance on over 80% of its tungsten imports from China [28][29] Future Prospects - The results from the drilling program are expected to inform the updated MRE and subsequent economic studies, enhancing the project's potential for resource growth and mine design [10][16][29] - The company is advancing towards a more secure and domestic tungsten supply source, aligning with EU and NATO strategic initiatives [28][29]
Argentina Lithium & Energy Corp. Announces Initial Mineral Resource Estimate at the Rincon West Lithium Project
Prnewswire· 2025-10-22 11:00
Core Insights - Argentina Lithium & Energy Corp. announced the first Mineral Resource estimate for the Rincon West lithium brine project in Salta Province, Argentina, marking a significant milestone for the company [1][2]. Mineral Resource Estimate Highlights - The initial resource estimate includes 0.15 km of brine volume with an average lithium grade of 296 mg/l, representing 238,000 tonnes of Lithium Carbonate Equivalent (LCE) [5][6]. - The Inferred Resource consists of 0.08 km of brine volume with an average lithium grade of 216 mg/l, equating to 64,000 tonnes of LCE [5][6]. - The resource was defined by 14 exploration boreholes totaling 4,823.2 meters of diamond drilling and one production well of 470 meters [3][4]. Strategic Positioning - The company is strategically located near Rio Tinto's Rincon Project and has a partnership with Stellantis, which enhances its potential for rapid development [2][3]. - Argentina Lithium aims to build a scalable, high-value lithium operation to generate sustainable returns for shareholders, leveraging its resource base and strategic partnerships [3][4]. Future Development Plans - The exploration team plans to evaluate drilling below the current mineral resource to identify expansion potential, as the current resource is open to depth [3][4]. - The company is advancing Preliminary Economic Assessment (PEA) studies and exploring advanced extraction technologies [3]. Stellantis Investment and Offtake Agreement - In September 2023, Argentina Lithium entered into a strategic investment agreement with Stellantis, acquiring a 19.9% stake in its Argentine subsidiary, with a lithium offtake agreement allowing Stellantis to purchase up to 15,000 tonnes of lithium carbonate per year upon commercial production [16][24]. Technical and Methodological Details - The resource estimation methodology involved two drilling campaigns conducted between 2022 and 2024, with continuous core samples collected for porosity studies [8][9]. - The brine resource estimate was determined based on aquifer geometry, drainable porosity, and concentration of lithium and potassium [9][10]. Company Overview - Argentina Lithium & Energy Corp. focuses on acquiring high-quality lithium projects in Argentina to meet the growing global demand from the battery sector, with a strong portfolio in the Lithium Triangle [24].
Scorpio Gold Commences 50,000 Metre Phase 2 Drilling Program at the Manhattan District, Nevada
Newsfile· 2025-10-22 10:00
Scorpio Gold Commences 50,000 Metre Phase 2 Drilling Program at the Manhattan District, NevadaOctober 22, 2025 6:00 AM EDT | Source: Scorpio Gold CorpVancouver, British Columbia--(Newsfile Corp. - October 22, 2025) - Scorpio Gold Corp. (TSXV: SGN) (OTCQB: SRCRF) (FSE: RY9) ("Scorpio Gold", or the "Company") is pleased to announce the commencement of its Phase 2 Drilling Program at the Manhattan District Project ("Manhattan"), Nevada, USA. The Phase 2 drilling program is planned to achieve a mi ...
Allied Critical Metals Closes Upsized $16.25 Million LIFE Offering
Newsfile· 2025-10-21 22:16
Core Viewpoint - Allied Critical Metals Inc. has successfully closed a non-brokered private placement offering, raising gross proceeds of approximately $16.25 million through the issuance of 27,083,266 common shares at a price of $0.60 per share [1][2]. Group 1: Offering Details - The offering resulted in gross proceeds of $16,249,960 from the issuance of 27,083,266 common shares at $0.60 each [1]. - The net proceeds will be allocated for ongoing exploration and development activities on the Borralha Tungsten Project and Vila Verde Tungsten Project, as well as for additional working capital [2]. - The shares issued are exempt from a hold period under Canadian securities laws, allowing for immediate trading [3]. Group 2: Financial Arrangements - The company paid finder's fees totaling $1,042,997 in cash and issued 1,738,328 finders warrants, each exercisable for one additional share at $0.60 for 24 months [4]. - The financing is expected to fully fund the completion of a mineral resource estimate (MRE) and a preliminary economic assessment (PEA) for the Borralha project, as well as technical preparation work for the Vila Verde project [5]. Group 3: Company Overview - Allied Critical Metals Inc. is focused on the expansion and revitalization of its 100% owned Borralha and Vila Verde Tungsten Projects in northern Portugal, with tungsten being designated a critical metal by the U.S. and other western countries [8]. - The global tungsten market is valued at approximately $5 to $6 billion, with significant applications across various industries including defense, automotive, manufacturing, electronics, and energy [9].
Omai Gold Mines Corp. Announces Closing of C$40 Million Bought Deal Private Placement of Common Shares
Newsfile· 2025-10-21 19:19
Core Viewpoint - Omai Gold Mines Corp. has successfully closed a C$40 million bought deal private placement, issuing 34,783,000 common shares at a price of $1.15 per share, resulting in gross proceeds of C$40,000,540 [1][2]. Group 1: Offering Details - The offering was led by Paradigm Capital Inc. and included several other underwriters, with a total cash commission paid to the underwriters amounting to C$2,194,274.75 [2]. - The net proceeds from the offering will be allocated for exploration, development, and general working capital purposes [4]. - The securities issued are subject to a hold period of four months and one day from the closing date, pending final acceptance by the TSX Venture Exchange [4]. Group 2: Related Party Transactions - An officer of the company purchased 200,000 shares, which is classified as a "related party transaction" under Multilateral Instrument 61-101 [3]. - The company has utilized exemptions from formal valuation and minority shareholder approval requirements, as the value of shares issued to insiders does not exceed 25% of the company's market capitalization [3]. Group 3: Company Overview - Omai Gold Mines Corp. is focused on gold exploration and development, particularly at its 100%-owned Omai Gold Project in Guyana, which is recognized as a rapidly expanding gold camp [6]. - The company reported a 96% increase in the Wenot Gold Deposit's mineral resource estimate, now totaling 970,000 ounces of gold (Indicated) and 3,717,000 ounces (Inferred) [7]. - The overall mineral resource estimate for Omai, including the Wenot and Gilt Creek deposits, stands at 2,121,000 ounces of gold (Indicated) and 4,382,000 ounces (Inferred) [8].
Minnova Corp. PL Gold Mine Re-Start Plan, In-Fill Drill Program Update, and Option Grant
Newsfile· 2025-10-21 11:30
Core Viewpoint - Minnova Corp. is advancing its PL Gold Mine restart plan, focusing on transitioning from open pit to underground mining operations, with a Preliminary Economic Assessment (PEA) expected by Q1 2026 and a full Feasibility Study by Q3 2026 [2][5][13] PL Gold Mine Restart Plan Update - A&B Global Mining has completed a mine development concept study for the PL Gold Mine, aiming for an open pit operation before moving underground [2] - A PEA will be conducted based on an updated Mineral Resource Estimate (MRE), expected to be completed by the end of Q1 2026 [2][4] Mineral Resource Estimate (MRE) - The existing MRE (as of November 1, 2017) estimates 282,500 ounces of gold in 1,481,000 tonnes at a grade of 5.93 g/t and 301,700 ounces in 1,846,000 tonnes at 5.08 g/t, based on a gold price of US$1,250 per ounce [3] - The first MRE update will incorporate historical drilling results and current drill program results up to the end of November 2025, while the second update will include results up to April 2026 [3] Economic Assessment - The PEA will evaluate a restart using open pit mining methods at a throughput rate of 1,000 tonnes per day, with a base case gold price of US$2,500 per ounce [4] Drilling Program Update - A Phase 1 drill program of 1,500 meters has been initiated, followed by an expanded Phase 2 program of 15,000 meters to achieve sub-25 meter spacing on mineralized structures [9] - The drilling aims to provide critical data for updating the MREs and validating mining methods [9] Environmental Compliance - AECOM has been engaged to assist with environmental compliance and permitting for the PL Gold Mine, including amendments to existing permits for the new open pit development plan [6] Option Grant - The board of directors has approved an option grant of 2,500,000 options to purchase common shares at a price of $0.30 per share, with immediate vesting [11]
Apollo Files NI 43-101 Technical Report for the Calico Silver Project Updated Mineral Resource Estimate
Globenewswire· 2025-10-16 23:20
Core Insights - Apollo Silver Corp. has filed an independent technical report for the updated Mineral Resource Estimate (MRE) for the Calico Silver Project, highlighting significant increases in silver and gold resources [1][2][4] Summary by Sections Technical Report - The report titled "NI 43-101 Technical Report and Mineral Resource Estimate for the Calico Silver Project" is dated October 16, 2025, with an effective date of June 30, 2025 [2] - Prepared by Stantec Consulting Ltd. in accordance with NI 43-101 standards, the report shows no material differences from previous disclosures [3] Mineral Resource Estimate Highlights - The 2025 MRE indicates a combined Measured and Indicated total of 55 million tonnes (Mt) at a grade of 71 grams per tonne (g/t) silver, totaling 125 million ounces (Moz) of silver, representing a 61% increase in tonnage and a 14% increase in silver ounces [6][8] - Inferred resources include 0.6 Mt at a grade of 26 g/t silver for a total of 0.51 Moz [6] - The updated Langtry MRE includes 24 million tonnes at a grade of 73 g/t silver for a total silver content of 57 Moz [6][8] - The report also includes inaugural estimates for barite and zinc resources, with significant quantities reported [6][8] Economic Considerations - The MRE update accounts for changes in commodity prices and mining costs since 2022/2023, enhancing the project's economic viability [5] - Sensitivity analyses indicate the resilience of the silver resource to changes in metal prices, suggesting significant growth opportunities remain [6] Project Overview - The Calico Project is located in San Bernardino County, California, encompassing 8,283 acres and is strategically positioned near infrastructure [9] - The geology of the project features a district-scale mineral system with a mineralized strike length of approximately 6,000 meters [10] Qualified Persons - The technical data has been reviewed and approved by independent Qualified Persons from Stantec, ensuring credibility in the resource estimation process [11][12] Company Background - Apollo Silver is advancing one of the largest undeveloped primary silver projects in the U.S., with significant barite and zinc credits recognized as critical minerals [13]