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Inventus Accelerates Growth at Pardo: Phase 2 Drilling Commences as Bulk Sample Processing Nears
Globenewswire· 2025-10-16 11:00
Core Insights - Inventus Mining Corp. has initiated its Phase 2 drill program at the Pardo Gold Project, aiming to advance towards its first resource estimate and future production permitting [1][4][10] Drilling Program - The Phase 2 program includes 98 shallow drill holes totaling approximately 2,500 meters, targeting the continuity of gold mineralization [3][10] - Previous drilling results indicated significant mineralized zones, with hole PD-25-87 returning 6.47 meters of 2.16 gpt gold, including a high-grade core of 0.85 meters at 9.41 gpt gold [3][4] Objectives and Future Plans - The primary goal of the drilling phase is to expand and confirm the continuity of near-surface gold mineralization, which will support an initial mineral resource estimate (MRE) [4][10] - The MRE will be crucial for obtaining a Mine Production Permit, which the company aims to complete within the next 12 months [4][10] Bulk Sampling Update - The company has received a revised processing date for the 4,816-tonne 007 North bulk sample, now scheduled for November 1, 2025 [6][10] - The bulk sampling program is seen as a key milestone to validate the grade and recoveries of the Pardo gold mineralization, potentially providing cash flow for ongoing exploration [7][10] Economic Potential - The flat-lying, near-surface gold mineralization at Pardo allows for efficient and cost-effective drilling, facilitating rapid expansion of the mineralized footprint [5][10] - The upcoming bulk sample processing is expected to demonstrate the project's strong economics and establish Pardo as a potential near-term surface-mining operation [8][10]
Radisson Expands Ongoing Step-Out Drill Program at O'Brien to 140,000 Metres
Newsfile· 2025-10-16 10:30
Core Viewpoint - Radisson Mining Resources Inc. is expanding its exploration drill program at the O'Brien Gold Project to 140,000 metres, utilizing up to eight drill rigs, aiming to delineate new high-grade gold mineralization beyond the current Mineral Resource Estimate [1][2][6]. Exploration Program Expansion - The ongoing step-out exploration drill program will increase from an initial 50-60,000 metres to 140,000 metres, marking the largest drill program in the history of the O'Brien Gold Project [1][6]. - The program will continue through 2026 and is expected to generate significant new data and updates to the Project's Mineral Resource Estimate [2][6]. Financial Backing - The expansion follows a successful financing round that raised $25 million, enabling the company to increase the scope and ambition of its exploration efforts [2]. Exploration Targets - The Exploration Target at O'Brien is estimated to be between 3 and 4 million ounces of gold, with a grade range of 4.5 to 8.0 grams per tonne [2]. - Recent drilling has confirmed high-grade mineralization at depths of up to 2 kilometres, with significant intersections reported, including 31.24 g/t Au over 8.0 metres [3][5]. Preliminary Economic Assessment - The recently completed Preliminary Economic Assessment (PEA) indicates a high-value project with reduced capital costs and development risks due to the use of nearby milling facilities [2][14]. - The current Mineral Resource Estimate includes Indicated Mineral Resources of 0.58 million ounces and Inferred Mineral Resources of 0.93 million ounces, based on drilling completed to the end of 2022 [8][14]. Geological Context - Gold mineralization at O'Brien is associated with quartz-sulphide veins within volcanic and sedimentary rock formations, typically occurring in narrow, high-grade shoots [9][10][11]. - The historic O'Brien mine produced over half a million ounces of gold at an average grade exceeding 15 g/t Au, indicating the potential for significant resource growth [11].
High-grade copper and gold intersections extend known mineralisation at FireFly’s Green Bay by 650m
Globenewswire· 2025-10-15 22:11
Core Insights - The article highlights exceptional drill results from FireFly Metals Ltd's Green Bay Copper-Gold Project, extending known mineralization by over 650 meters beyond the previous Mineral Resource Estimate [4][6][10]. Drilling Results - The furthest drill hole, MUG25-202, intersected 49.0 meters at 6.1% copper equivalent (CuEq), including a significant internal zone of 14.3 meters at 13.7% CuEq [3][5][22]. - Other notable intersections include 7.0 meters at 3.9% CuEq and 14.1 meters at 3.7% CuEq, confirming the presence of high-grade copper and gold mineralization [9][28]. Mineral Resource Estimate - The current Mineral Resource Estimate for Green Bay totals 24.4 million tonnes (Mt) at 1.9% for 460,000 tonnes (Kt) CuEq of Measured & Indicated Resources and 34.5 Mt at 2.0% for 690 Kt CuEq of Inferred Resources [6][61]. - The upcoming update is expected to reflect an increase in the Measured and Indicated category due to successful drilling results [29]. Financial Position - FireFly Metals has a strong balance sheet with approximately A$145 million in cash and liquid investments, following a successful equity raise [15][36]. - These funds will be utilized to accelerate exploration activities and complete feasibility studies for the Green Bay Project [15][36]. Exploration Activities - Eight diamond rigs are currently operational, focusing on upgrading the Mineral Resource and exploring new regional discoveries [3][11]. - Regional exploration is ongoing, with two drill rigs testing high-priority targets across the company's claims [34][35]. Future Plans - The company plans to continue drilling to further extend mineralization and upgrade Inferred Resources to Measured and Indicated categories [27][30]. - Economic evaluations for the rescaled resumption of production at Green Bay are underway, with preliminary studies expected to be completed in Q1 2026 [30][33].
Granada Gold Mine Reviews the Potential of 1 Gram per Tonne Gold in an Open Pit Resource at Minesite
Thenewswire· 2025-10-15 14:50
Core Viewpoint - Granada Gold Mine Inc. is reviewing the potential for an open pit resource at the Granada Minesite due to the current increase in gold prices, specifically targeting a grade of 1 gram per tonne [1] Company Overview - Granada Gold Mine Inc. operates the Granada Gold Property near Rouyn-Noranda, Quebec, which spans 14.73 square kilometers and is adjacent to the Cadillac Break [12] - The company is currently conducting a large drill program, having completed 20,000 meters out of a planned 120,000 meters, with drilling paused to evaluate existing data and market conditions [12] Resource Estimates - The fully permitted resource is shovel-ready, with 80% of the 5.5-kilometer mineralized structure open for exploration, indicating potential for significant resource increases [2] - Historical resource estimates from May 2017 indicated a total measured and indicated resource of 21,575,500 tonnes at an average grade of 1.16 grams per tonne, equating to 807,700 ounces of gold [3][4] - An updated resource estimate as of August 2022 reported 543,000 ounces of gold in the Measured and Indicated category and 456,000 ounces in the Inferred category, with average grades of 2.05 grams per tonne and 4.71 grams per tonne respectively [10][11] Historical Context - The Granada Gold Mine operated as an underground mine in the 1930s, producing gold at grades of 9-10 grams per tonne from two shafts [2][13] - Historical production from the mine totaled over 50,000 ounces of gold at an average grade of 10 grams per tonne [14] Development Plans - The current development plan proposes to operate as an open pit followed by a higher-grade underground mine, leveraging the existing mineralized zones [2]
Benton Purchases Strategic Ground Directly Along Strike of the South Pond Gold Deposit from Noble Minerals
Newsfile· 2025-10-14 11:30
Core Viewpoint - Benton Resources Inc. has entered into a purchase agreement to acquire a 100% interest in Noble Mineral Exploration Inc.'s Island Pond Property, which is strategically located near Benton's South Pond Gold Zone, potentially enhancing its mineralization prospects [1][2][3]. Acquisition Details - The acquisition involves a one-time cash payment of CAD 30,000 and the issuance of 1,000,000 common shares to Noble, pending TSX Venture Exchange approval [1][4]. - The Island Pond Property is expected to extend the current 2.7 km mineralized trend by over 1,000 meters, consolidating control over the northern extension of the South Pond trend [3]. Geological Significance - Geological and geophysical similarities between the Island Pond and South Pond areas suggest a continuation of significant gold-copper mineralization along the same structural trend [2]. - Benton plans immediate prospecting and geophysical evaluations to assess the potential of the newly acquired property [3]. Financial and Operational Aspects - The project is subject to a 2% Net Smelter Royalty (NSR) to an original vendor and a 1% NSR to Noble, with Benton having the right to buy back the original 2% NSR for CAD 1.5 million [4]. - Benton has drilled 23,300 meters at the Great Burnt and South Pond projects since late 2023, with notable gold assay results indicating robust mineralization [7][11]. Company Overview - Benton Resources is a well-financed mineral exploration company listed on the TSX Venture Exchange under the symbol BEX, with a diversified property portfolio and significant equity positions in other mining companies [10]. - The company is focused on advancing its high-grade Copper-Gold Great Burnt Project, which has a Mineral Resource estimate of 667,000 tonnes at 3.21% Cu Indicated and 482,000 tonnes at 2.35% Cu Inferred [11].
Mayfair Gold Files Technical Report for Fenn-Gib Gold Project
Prnewswire· 2025-10-14 11:00
Core Viewpoint - Mayfair Gold Corp. has filed an updated technical report for the Fenn-Gib Gold Project, reflecting a significant increase in the gold price assumption and a corresponding adjustment in the mineral resource estimate [1][2]. Group 1: Technical Report Details - The updated technical report is titled "National Instrument 43-101 Technical Report – Mineral Resource Estimate Update Fenn-Gib Project, Ontario, Canada" and is available on SEDAR+ [1]. - The effective date of the updated mineral resource estimate is September 3, 2024, with the assay cut-off date for drill holes being April 30, 2024 [2]. - The gold price used in the updated report increased from US$ 1,765/oz to US$ 2,000/oz, leading to a reduction in the cut-off grade from 0.4 g/t Au to 0.3 g/t Au [2]. Group 2: Mineral Resource Estimates - The updated NI 43-101 open pit constrained mineral resource estimate includes a total Indicated Resource of 181.3 million tonnes containing 4.3 million ounces at a grade of 0.74 g/t Au, and an Inferred Resource of 8.92 million tonnes containing 0.14 million ounces at a grade of 0.49 g/t Au, based on a 0.30 g/t Au cut-off grade [4]. Group 3: Future Plans - The new technical report provides additional details on mineral processing and metallurgical testing, which will support the pre-Feasibility Study currently underway, expected to be released later in 2025 [2].
Scorpio Gold Announces Additional Drilling Results at the Manhattan District, Nevada
Newsfile· 2025-10-14 10:00
Core Viewpoint - Scorpio Gold Corp. has announced additional drilling results from its 2025 Phase 1 drilling program at the Manhattan District Project in Nevada, indicating significant gold mineralization and supporting the company's goal of expanding its maiden resource estimate to two million ounces of high-grade gold [1][4]. Summary by Sections Drilling Results - Phase 1 drilling included 12 diamond drill holes totaling 4,216 meters, with additional assay results pending for four remaining holes totaling 1,465 meters [2]. - Notable drill results include: - Hole 25MN-016: 0.91 g/t Au over 36.39 m, including 2.97 g/t Au over 3.41 m and 3.33 g/t Au over 4.08 m [7]. - Hole 25MN-017: 0.80 g/t Au over 33.13 m, including 10.07 g/t Au over 5.94 m [7]. - Hole 25MN-015: 5.49 g/t Au over 7.32 m [7]. Target Zones Overview - The 2025 Phase 1 drill program targeted four primary mineralized zones: the Gap Zone, Reliance Trend, Mustang Hill, and West Pit Extension, confirming continuity of mineralization and potential for resource expansion [5]. - The Gap Zone, located between historic mines, showed mineralization extending across a previously undrilled corridor of approximately 200 meters [5]. - Mustang Hill returned multiple high-grade intercepts near surface, reinforcing its significance as a growth target [5]. Transition to Phase 2 - With Phase 1 completed, the company is planning Phase 2, which will focus on systematically drilling the core of the Mineral Resource Estimate to the northwest of the West Pit [6]. - Phase 2 aims to complete 50,000 meters of drilling by the end of next August, supporting the goal of defining a two-million-ounce gold resource [8]. Marketing and Investor Engagement - Management will participate in The Hidden Gems Conference in New York City on October 20-21, 2025, to engage with potential investors and provide updates on the drilling program and resource estimates [24]. About the Manhattan District - The Manhattan District is located in the Walker Lane Trend of Nevada and has historically produced approximately 700,000 ounces of gold [26]. - The maiden Mineral Resource Estimate from June 2025 indicated 18,343,000 tonnes grading 1.26 g/t gold for a total of 740,000 ounces contained in the inferred category [26].
Omai Gold Files NI 43-101 Technical Report Supporting an Updated Mineral Resource Estimate on Its Omai Gold Property in Guyana
Newsfile· 2025-10-09 20:00
Core Viewpoint - Omai Gold Mines Corp. has filed a National Instrument 43-101 Technical Report supporting an updated Mineral Resource Estimate for its Omai Gold Property in Guyana, highlighting significant increases in both Inferred and Indicated resources [1][2]. Group 1: Mineral Resource Estimate Highlights - The Inferred Mineral Resource Estimate for the Wenot Deposit increased by 130% to 3,717,000 ounces at a grade of 1.82 g/t Au, contained in 63.4 million tonnes [1][5]. - The Indicated Mineral Resource Estimate for the Wenot Deposit increased by 16% to 970,000 ounces at a grade of 1.46 g/t Au, contained in 20.7 million tonnes [1][5]. - The overall updated Mineral Resource Estimate includes a total of 2,121,000 ounces of gold (Indicated) and 4,382,000 ounces of gold (Inferred), reflecting increases of 7% and 92% respectively compared to the previous estimate [5]. Group 2: Technical Report and Methodology - The Technical Report was prepared under the supervision of Eugene Puritch, a Qualified Person, ensuring compliance with NI 43-101 standards [1][6]. - The report indicates that approximately 60% of the resources are located below 350 meters depth from the surface, with significant expansion potential along a minimum 2.5 km length of the Wenot shear corridor [5][7]. Group 3: Company Overview and Future Plans - Omai Gold Mines Corp. is focused on expanding its two orogenic gold deposits at the Omai Gold Project, which is recognized as one of the fastest-growing gold camps in the Guiana Shield [7]. - The company is preparing an updated Preliminary Economic Assessment (PEA) expected in early 2026, following the significant increase in the Mineral Resource Estimate [7].
Eloro Resources Ltd. Intersects the Longest Zinc Interval to Date at its Iska Iska Project, Potosí Department, Bolivia with 456 Metres Grading 1.72% Zn including 190.5m grading 2.35% Zn in Hole DSB-88
Globenewswire· 2025-10-09 11:00
Core Viewpoint - Eloro Resources Ltd. has announced promising assay results from two step-out drill holes in the Santa Barbara zone, indicating the potential for resource expansion and upgrading ahead of a Preliminary Economic Assessment (PEA) [2][4]. Summary by Relevant Sections Drill Results - The company has completed a total of 6,756 meters of diamond drilling in fourteen holes, with 3,371 meters reported from seven holes, and assay results pending for one remaining hole [2]. - Significant intersections include: - Hole DSB-88: 1.72% Zn over 456 meters, including 2.35% Zn over 190.5 meters [8]. - Hole DSB-89: 24.51 g/t Ag and 1.27% Zn over 154.5 meters, with notable intervals of 74.64 g/t Ag over 13.5 meters [8][9]. Mineral Resource Expansion - The recent drill results are expected to infill areas previously classified as waste in the Mineral Resource Estimate (MRE), contributing to both resource expansion and upgrading [4]. - The definition drill program has successfully extended the footprint of higher-grade domains, indicating the presence of two significant near-surface mineral deposits that could be mined from a single starter pit [4][32]. Technical Insights - The drill holes DSB-88 and DSB-89 were strategically placed to explore the southeastern margin of the potential starter pit area, with DSB-88 being a step-out hole located 310 meters northeast of DSB-87 [5][6]. - The results from DSB-88 and DSB-89 are among the most robust mineralized intersections recorded in the definition drill program, reinforcing the exploration strategy of the technical team [4][6]. Project Background - The Iska Iska project is a significant silver-tin polymetallic complex located in southern Bolivia, with Eloro holding an option to earn a 100% interest [18][19]. - The project is characterized by a major silver-tin polymetallic porphyry-epithermal complex, with mineralization similar to other significant deposits in the region [19][33].
Green Bay Copper-Gold Project, Canada: Exceptional high-grade copper and gold results pave the way for a significant Mineral Resource Estimate update this quarter
Globenewswire· 2025-10-08 22:00
Core Insights - FireFly Metals Ltd is advancing an aggressive drilling strategy at the Green Bay Copper-Gold Project, utilizing eight diamond rigs to enhance resource growth and upgrade Inferred Resources to Measured and Indicated categories [2][3][4] - Recent infill drilling results have shown high-grade mineralization, with grades reaching nearly 20% CuEq, indicating strong continuity and potential for significant resource upgrades in the upcoming Mineral Resource Estimate [5][7][12] Drilling Campaign - A six-rig underground drill campaign is focused on both resource growth and upgrading Inferred Resources to more valuable Measured and Indicated categories [4][18] - The current Mineral Resource Estimate for Green Bay stands at 24.4 million tonnes at 1.9% for 460,000 tonnes CuEq in Measured and Indicated Resources, and 34.5 million tonnes at 2.0% for 690,000 tonnes CuEq in Inferred Resources [7][12] High-Grade Results - Recent infill drilling has returned exceptional results, including: - 4.4m at 19.5% CuEq (3.1% Cu & 19.2g/t Au) in hole MUG25-113 - 10.1m at 10.1% CuEq (6.6% Cu & 4.1g/t Au) in hole MUG25-110 - 8.0m at 8.6% CuEq (3.2% Cu & 5.8g/t Au) in hole MUG25-068 [5][6][39] Financial Position - FireFly has a strong balance sheet with approximately A$145 million in cash and liquid investments, following a successful equity raise, which will support ongoing exploration and feasibility studies [14][9] Regional Exploration - Regional exploration programs are actively underway, with drill rigs testing geophysical anomalies in the central Green Bay leases and a VTEM survey being conducted over the adjacent Tilt Cove Project [13][14]