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Emerita Intersects 2.1m Grading 1.6% Copper, 0.85 g/t Gold, 32.11 g/t Silver and 1.4m Grading 5.8% Copper, 4.89 g/t Gold and 51.0 g/t Silver at El Cura
Globenewswire· 2026-01-07 12:00
Core Insights - Emerita Resources Corp. reports ongoing drilling results from the El Cura deposit, part of the Iberian Belt West project, which includes three Volcanogenic Massive Sulfide deposits currently undergoing Prefeasibility Studies [1][10]. Drilling Results - Recent drilling at El Cura has shown significant mineralization, with various drill holes intercepting mineralized intervals ranging from 0.9m to 12.1m [10]. - Notable results include: - EC092: 12.1m grading 1.6% copper, 0.1% lead, 0.1% zinc, 0.85 g/t gold, and 32.11 g/t silver [5]. - EC085: 1.4m grading 5.8% copper, 0.1% lead, 0.1% zinc, 4.89 g/t gold, and 51.0 g/t silver [5]. - EC086: 1.8m grading 2.3% copper, 1.6% lead, 3.5% zinc, 1.78 g/t gold, and 61.39 g/t silver [5]. Deposit Characteristics - The El Cura deposit has a strike extent of approximately 650 meters and extends about 320m down-dip, remaining open for further exploration [10]. - The deposit is characterized as a coherent steeply dipping gold-copper-rich deposit, suitable for underground bulk mining methods [14]. Exploration Strategy - The company has drilled a total of 86 holes at El Cura, with a hit rate of 86%, indicating a high success rate in identifying mineralized intervals [14]. - The ongoing drill program prioritizes the western extension of the deposit, which is located over 200m beyond the 2025 Indicated Mineral Resource Estimate limits [13]. Future Plans - Follow-up extension testing is warranted in the area around EC092 due to the significant results obtained [11]. - The company aims to classify the deposit primarily as measured and indicated resources, facilitating conversion to reserve categories in the forthcoming Prefeasibility Study [14].
Golden Cariboo Summarizes 2025 Mineral Exploration at the Quesnelle Gold Quartz Mine Property
Thenewswire· 2026-01-07 08:05
Core Viewpoint - Golden Cariboo Resources Ltd. is advancing its exploration efforts at the Quesnelle Gold Quartz Mine Property, with a focus on expanding gold mineralization and preparing for an ambitious exploration strategy in 2026 [1][4]. Exploration Program Summary - The 2025 exploration program included a two-phase drill program that commenced in April 2025, focusing on the Halo zone and testing geochemical and structural targets [2]. - A total of 1,729.79 meters (5,675 feet) were drilled in eight NQ-sized surface diamond drill holes, with drilling suspended on December 18, 2025, to resume in early 2026 [2]. - Key highlights from the drilling include ongoing sample analysis and logging of drill holes, with plans to continue drilling in January 2026 [3]. Future Plans - The company is preparing a robust exploration strategy for 2026, intending to significantly scale up drilling and trenching activities across its 94,899 hectare (234,501 acre) mineral land package [4]. - The exploration strategy aims to enhance the understanding of the district-scale geology and further investigate the northern extension of the Halo zone and down dip mineralization [2][4]. Technological Implementation - PhotonAssay™ technology was utilized in the assay protocol, resulting in a verified increase in gold grades by 5.9% compared to traditional fire assay methods [6]. - The company has engaged MSALABS in Prince George, B.C. to expedite assay results using PhotonAssay™ technology for gold and silver [6]. Geological Context - The Quesnelle Gold Quartz Mine property is located in a historically rich gold mining area, with over 101 placer gold creeks recorded along a 90-kilometer (56-mile) trend [7]. - The geological setting of the property shows strong similarities to the Spanish Mountain gold deposit, which is part of a significant subclass of gold deposits [8].
Teako Announces Private Placement and Shares for Debt Transaction
TMX Newsfile· 2026-01-07 00:14
Core Viewpoint - Teako Minerals Corp. is conducting a non-brokered private placement to issue up to 16,666,666 common shares at a price of $0.06 per share, aiming for gross proceeds of up to $1,000,000, alongside a debt settlement of $113,000 through the issuance of 1,883,333 shares [1][2]. Group 1: Offering and Debt Settlement - The Offering will involve the issuance of common shares at a price of $0.06, with the total gross proceeds expected to reach $1,000,000 [1]. - The Debt Settlement will settle $113,000 of indebtedness by issuing 1,883,333 common shares at the same price of $0.06 per share [1][2]. - The Company plans to close the Offering and Debt Settlement promptly, subject to customary conditions including approval from the Canadian Securities Exchange (CSE) [3]. Group 2: Use of Proceeds - The net proceeds from the Offering are intended for exploration activities and general working capital, supporting the Company's goal of pursuing additional project deals and potential revenue-generating work [4]. Group 3: Insider Participation and Related Transactions - An insider of the Company is expected to receive Settlement Shares as part of the Debt Settlement, which may be classified as a "related party transaction" under Multilateral Instrument 61-101 [7]. - The Company will rely on exemptions from formal valuation and minority shareholder approval requirements due to the fair market value of the transaction being less than 25% of its market capitalization [7]. Group 4: Company Overview - Teako Minerals Corp. is based in Vancouver and focuses on acquiring, exploring, and developing mineral properties in Norway, particularly targeting critical metals such as copper, cobalt, zinc, and molybdenum [8]. - The Company's Project Hub includes significant projects like Løkken and Venna, which are prospective for various minerals including copper, cobalt, and rare-earth elements [9][10].
Southern Silver Intersects 10.4 metres Averaging 743g/t AgEq at Cerro Las Minitas Project in Durango, México
TMX Newsfile· 2026-01-06 17:18
Core Insights - Southern Silver Exploration Corp. has reported significant assay results from its drilling program at the recently acquired Puro Corazon claim, indicating high-grade silver mineralization [1][2][3] Drilling Results - The highlight assay from drill hole 25CLM-205 includes a 10.4 metre interval averaging 365g/t Ag, 0.1g/t Au, 0.1% Cu, 7.8% Pb, and 8.2% Zn, equating to 743g/t AgEq, with a notable 3.9 metre interval averaging 688g/t Ag [1][4] - Drill hole 25CLM-203 previously reported a 10.5 metre interval averaging 1,115g/t AgEq, showing continuity in high-grade mineralization [1][3] - Additional mineralized zones were identified in drill holes 25CLM-202 and 25CLM-204, correlating with previously modeled mineralization in the El Sol deposit [2][3] Exploration Program - The current drilling program consists of 21 planned holes, with 16 completed, totaling 6,820 metres drilled, and an anticipated total of 12,000 metres to explore the Puro Corazon claim [3][4] - The company expects to receive final assay results by the end of Q1 2026, with ongoing drilling activities resuming after a short break [3][4] Future Plans - The results from the Puro Corazon drilling program will be integrated into the larger Cerro Las Minitas project, which is expected to enhance project economics [8][9] - The company plans to update the Mineral Resource Estimate and the Preliminary Economic Assessment (PEA) for the Cerro Las Minitas project [9][10]
TSXV Gold Miner West Point Gold Corp. (TSXV: WPG) (OTCQB: WPGCF) Summary of Transformative 2025 and 2026 Outlook
Investorideas.com· 2026-01-06 16:37
Core Insights - West Point Gold Corp. experienced a transformative year in 2025, with significant exploration results and plans for 2026 that aim to enhance shareholder value [4][5]. 2025 Highlights - The company drilled over 9,000 meters in 2025 and plans to expand this to 15,000 meters in 2026 with the addition of a second drill rig [5][6]. - A new high-grade zone was discovered at the northeast (NE) Tyro, and the exploration target for the Tyro Main Zone was updated to between 19.5 to 31.2 million tonnes grading 2.0 to 3.0 g/t gold [8]. - The acquisition of the Baxter Spring project added to the company's Nevada portfolio, strengthening its position in the region [14]. - The company raised gross proceeds of C$13 million from financings, warrant, and option exercises in 2025 [5]. Key Drill Results - Significant drill results from the Gold Chain project include: - GC25-81: 36.6 m of 7.35 g/t gold, including 25.9 m of 9.95 g/t gold [9]. - GC25-84: 24.4 m of 5.92 g/t gold, including 12.2 m of 10.51 g/t gold [10]. - GC25-83: 16.8 m of 8.30 g/t gold, including 6.1 m of 17.61 g/t gold [10]. - Initial metallurgical testing indicated gold recoveries of up to 86% [12]. 2026 Outlook - The company plans to continue aggressive exploration at the Gold Chain project, focusing on completing the 15,000 m drill program and delivering a maiden resource estimate for the Tyro Main Zone [20]. - A 5,000 m drill program is planned for the Baxter Spring project to validate and expand known high-grade zones [23]. - Efforts to permit a maiden drill program at the Jefferson Canyon project are underway, with potential drilling in 2026 [24]. Corporate Developments - In 2025, the company closed an C$8 million financing and saw C$5 million in warrants and options exercised [17]. - Key management changes included the appointment of Derek Macpherson as President and CEO and the addition of experienced directors and advisors [18][19].
Daura Gold Announces Additional High-Grade Surface Sampling Results from Vein Extensions North of Antonella Main Project Zone: 55.83 g/t Au & 220 g/t Ag; 12.33 g/t Au & 99.1 g/t Ag
TMX Newsfile· 2026-01-06 13:30
Vancouver, British Columbia--(Newsfile Corp. - January 6, 2026) - Daura Gold Corp. (TSXV: DGC) ("Daura" or the "Company") is pleased to announce further high-grade surface sampling results from the previously announced vein extensions in the northern zone of the Company's flagship Antonella Project ("Antonella" or the "Project") in Ancash, Peru. Antonella is adjacent to Highlander Silver Corp's Bonita Project, located in a prolific metallogenic belt hosting significant deposits such as Antamina and Barrick ...
Mogotes Launches C$19M Private Placement and Welcomes CD Capital
TMX Newsfile· 2026-01-05 12:30
Toronto, Ontario--(Newsfile Corp. - January 5, 2026) - Mogotes Metals Inc. (TSXV: MOG) (FSE: OY4) (OTCQB: MOGMF) ("Mogotes", or the "Company") is pleased to announce a non-brokered private placement through the issuance of 71,698,113 units (each, a "Unit") at a price of $0.265 per Unit for aggregate gross proceeds of up to C$19,000,000 (the "Offering"). Each Unit shall be comprised of one common share (each, a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant ...
Ophir Completes Review and Initiates Exploration Restart at the Breccia Gold Project in Idaho
TMX Newsfile· 2026-01-05 11:30
Core Viewpoint - Ophir Metals Corp. is repositioning its Breccia Gold Property as a cornerstone asset amid rising gold prices and increasing investor demand for North American precious metal projects [3][11]. Summary by Sections Property Overview - The Breccia Gold Property consists of 52 claims covering approximately 1,043 acres (422 hectares) in the Blackbird Mining District, located about 40 kilometers southwest of Salmon, Idaho [26]. - The property is accessible via paved highways and well-maintained gravel roads, and it includes the historical Gahsmith Gold Mine [26]. Geological and Mineralization Insights - The Breccia Gold Property is supported by a robust geological model and is on trend with the contiguous Challis Gold Project, with surrounding claims showing historical high-grade drilling results [4]. - Recent geophysical data, including CSAMT and magnetic surveys, indicate a continuous resistivity corridor associated with previously drilled gold mineralization, suggesting a structurally controlled system open for expansion [4][21]. - Drill hole BG21-004, located just meters from the property border, returned significant results of 13.02 g/t Au and 46.6 g/t Ag over 7.4 meters, indicating that the mineralized structure likely extends onto the property [5][8]. Exploration and Future Plans - The company is planning a 2026 exploration program focused on refining and testing new drill targets along the CSAMT-defined structural corridor and the northern breccia discovery area [19]. - Recent fieldwork has identified potential for parallel mineralized corridors extending north and east of the main Breccia Gold Zone, with a new breccia outcrop discovered approximately 800 meters north-northwest of the zone [9][10]. - The exploration program will include detailed geological mapping, channel sampling, and integration of CSAMT and historical drill data into a 3D geophysical-geological model [22]. Historical Context and Data Integration - A comprehensive review of historical and modern datasets has enhanced the understanding of structural and lithologic controls on mineralization, showing a clear relationship between high-grade gold intercepts and resistivity anomalies [7]. - The property has a history of exploration dating back to the 1930s, with significant low-sulfidation, epithermal gold system indications from recent exploration activities [26].
MetalSource Mining Update on Silver Hill Drilling and Video Release
TMX Newsfile· 2026-01-05 08:30
Core Insights - MetalSource Mining Inc. has resumed drilling activities at its Silver Hill Silver Project in North Carolina, with plans to expand the drilling program based on recent strategic investments [2][3]. Drilling Activities - The company has completed four drill holes totaling 614.38 meters and plans to drill a fifth hole targeting main mineralization [2]. - An initial drilling program of 1,400 meters has been planned, increased from the original 800 meters, to explore both historically known mineralization and newly identified targets [2]. - Samples from the drilling have been sent to ALS in Reno for analysis, with results expected soon [2]. Project Updates - The drilling at Silver Hill will continue for several weeks before the team moves to the Byrd-Pilot Gold-Silver Project, located approximately 45 kilometers away, where four to six additional drill holes are planned [4]. - The Silver Hill Project is situated in the Carolina Terrane and covers 1,128 acres, with historical mineralization extending to 550 meters from the surface [6]. - Recent surface sampling at Silver Hill yielded significant results, including 444 grams per ton (g/t) of silver, 17.7 g/t of gold, 8.61% lead, and 0.507% zinc [6]. Video Release - MetalSource has released educational videos to inform investors about its exploration activities and project portfolio, produced by Iximche Media and Shootday [5]. Geological Context - The Byrd-Pilot Mountain Project has been identified as potentially hosting a porphyry gold-copper system, with previous work indicating broad gold mineralization and significant geological features [7].
Cosigo Resources Announces Acquisition of Conglomerate Layer Bulk Sample for Gravity Concentration Tests and Private Placement
Thenewswire· 2025-12-31 21:50
Core Viewpoint - Cosigo Resources Ltd. is actively engaged in geological exploration and analysis of conglomerate materials in the Taraira District, with recent bulk sampling and planned drilling to further assess gold potential [1][8][13]. Group 1: Geological Exploration - The company has acquired a 120 kg bulk sample from the "Chicken Coop" conglomerate for analysis, with samples being sent to Vancouver for testing [1]. - Reconnaissance prospecting has identified conglomerate stratum material distinct from previously mined areas, with 14 channel samples analyzed showing varying gold concentrations [2][3]. - Further drilling in 2024 has intercepted what is believed to be the same conglomerate layer, with core samples indicating gold presence [4][6]. Group 2: Analytical Results - Analytical results from channel samples show gold concentrations ranging from <0.015 ppm to 1.558 ppm across various samples, with specific samples highlighted for greater than 0.50 ppm gold [3][4]. - Core samples also indicate gold presence, with some samples showing concentrations as high as 11.3 ppm [6]. Group 3: Future Plans - The company plans to conduct a 4 or 5 drill hole campaign to obtain additional strata samples for better identification and characterization of the conglomerate [8]. - A private placement of up to CAD$1,000,000 has been initiated to fund further prospecting and mapping activities on the Taraira property and other locations [9][11]. Group 4: Company Overview - Cosigo Resources Ltd. is a junior exploration company focused on gold exploration in Colombia and holds interests in properties in Nevada and diamond exploration in Canada [13].