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Amex Exploration Wins Prestigious Discovery of the Year Award from the Quebec Mineral Exploration Association
Newsfile· 2025-10-31 11:00
Core Points - Amex Exploration Inc. has been awarded the Discovery of the Year by the Quebec Mineral Exploration Association for its significant contributions to mineral exploration through the Perron Gold Property [1][2] - The Perron Gold Project has demonstrated strong continuity, geological significance, and compelling economic potential, leading to increased exploration activity in the region [2][3] Company Achievements - The Perron Gold Property has revealed multiple high-grade gold zones, including the Champagne Zone, which features some of the highest-grade gold intercepts reported in Canada in recent years [3][4] - The ongoing drilling and exploration at Perron indicate a robust mineralized gold system with continuity and scalability, positioning it as one of Quebec's most promising gold discoveries [4][6] Economic Potential - The updated Preliminary Economic Assessment (PEA) indicates a Gold Mineral Resource Estimate of 1.615 million ounces of Measured & Indicated at 6.14 g/t Au and 698,000 ounces of Inferred at 4.31 g/t Au [6] - The project has an Internal Rate of Return (IRR) of 148.7%, a Net Present Value (NPV) of C$3.2 billion, and a cash flow of C$5.1 billion with a payback period of only 0.2 years [6] Industry Impact - The award reflects the potential of the Perron discovery to inspire renewed exploration interest throughout the Abitibi region, reinforcing Quebec's status as a premier mining jurisdiction [3][4] - The project benefits from excellent infrastructure, being accessible by a year-round road and located near major gold producers' processing plants [11]
Domestic Metals Closes Second Tranche of LIFE Offering and Extends Final Closing
Globenewswire· 2025-10-30 20:15
Core Points - Domestic Metals Corp. has successfully closed a second tranche of the LIFE Offering, issuing 7,082,856 units at a price of $0.28 per unit, resulting in gross proceeds of $1,983,199.68 [1] - Each unit consists of one common share and one common share purchase warrant, with warrants allowing the purchase of additional shares at $0.40 for three years [1] - The company has requested an extension for the final tranche of the LIFE Offering to be completed by November 14, 2025, with all terms remaining unchanged [2] Financial Details - The gross proceeds from the second tranche of the LIFE Offering amount to approximately $1.98 million [1] - The net proceeds are intended for general working capital and exploration and development costs [2] Company Overview - Domestic Metals Corp. is focused on mineral exploration, particularly in discovering large-scale copper and gold deposits in historical mining areas across the Americas [4] - The Smart Creek Project, located in Montana, features widespread copper mineralization and multiple attractive exploration targets [5] - The company is led by an experienced management and technical team with a successful track record in mine discovery and financing [5]
Magma Silver Niñobamba Phase 2 Work Program Results
Newsfile· 2025-10-30 15:00
Core Insights - Magma Silver Corp. has provided an update on its Q3 work program for the Niñobamba silver-gold project in Peru, focusing on the Joramina and Randypata properties [1][3] - The exploration program aims to validate previous results and design a new drilling program, with initial findings confirming and exceeding historical data [3][10] Exploration Program Details - The Niñobamba project encompasses three properties totaling 4,100 hectares: Joramina, Randypata, and Ninobamba Main [3] - The Q3 work program included sampling and geological mapping, with a focus on the Joramina and Randypata Zones [3][6] - Phase 2 involved a 10-day field campaign, with 31 samples taken from the Joramina drift, yielding significant gold and silver results [5][6] Sampling Results - Drift sampling on the Joramina zone returned 10 meters of 2.32 grams Au/tonne and a 5-meter composite returning 4.085 ounces Ag/tonne [6][7] - Additional sampling near the drift showed 0.70 meters of 17.41 grams Au/tonne and 13.94 ounces Ag/tonne [8] - The Randypata zone yielded a random composite grab sample of 0.20 grams Au/tonne and 8.55 ounces Ag/tonne from a historic 2-kilometer silver anomaly [9] Future Plans - The company plans to design a new drill program to test the gold-silver mineralized structures with an optimal drill direction based on the findings [10] - A total of 70 samples were collected during Phase 2, with analyses conducted by an independent lab for quality control [11] Company Overview - Magma Silver Corp. is focused on exploring and developing precious metal mining projects, particularly the Niñobamba project in Peru, which spans an 8 km mineralized corridor [13] - The company has invested over C$14.5 million in the project to date, leveraging modern geological modeling and strong community relationships [13]
Hi-View Defines 2026 High-Impact Drill Targets at Golden Stranger Project in the Toodoggone District
Thenewswire· 2025-10-30 12:30
Core Insights - Hi-View Resources Inc. has identified high-impact drill targets at its Golden Stranger Project following a detailed structural interpretation [1][3] - The 2025 exploration program has defined multiple high-priority epithermal and copper-gold-silver targets within the Golden Stranger corridor [2][3] Structural Data Interpretation - The 2025 field structural mapping identified two dominant directions for veining at 103°/65° and 347°/55°, with jointing at 309°/70° and 351°/52° [4] - The main shear and orientation of a mineralized rhyolite dyke is 350°/51-56°, with secondary structures oriented at 309°/70° [4] - Historical drilling shows zones of high and low-grade intersections along the targeted primary fault direction, indicating mineralization concentration along antithetic fault sets [4] Drilling Plans and Targets - Nine preliminary drill holes are planned to test the main Golden Stranger mineralized corridor and new copper-gold anomalies identified during the 2025 fieldwork [5] - The Main Zone hosts semi-continuous mineralization over a 270-meter strike, averaging 4–7 meters true width to a depth of 80 meters, with historical trenching results including 6.9 meters grading 8.31 g/t Au [5][11] - The 2025 Copper Zone surface anomaly extends 330 meters by 70 meters, with samples showing grades up to 3.72% Cu, 2.42 g/t Au, and 1,400 ppm Ag [5][17] Future Exploration - Proposed drilling will target both primary and secondary structures at optimal angles to intersect high-grade ore shoots [5][19] - Additional 3D IP, magnetic, and VLF inversion modeling will refine drill collar placement and prioritize targets for the 2026 field season [20]
Brixton Metals Makes Copper-Gold Porphyry Discovery at the Catalyst Target on its Thorn Project
Globenewswire· 2025-10-30 11:30
Core Insights - Brixton Metals Corporation has discovered a new copper-gold porphyry system at the Catalyst Target within its Thorn Project in northwestern British Columbia, indicating significant exploration potential in an underexplored district [1][3][9] Exploration Results - The first drilling at the Catalyst Target returned significant mineralization, including 424 meters of 0.30% CuEq from surface, with notable intervals of 26 meters at 0.50% CuEq and 16.5 meters at 1.05% CuEq [4][5][9] - Additional holes THN25-341 and THN25-338 also reported multiple mineralized intervals above 0.30% CuEq, with mineralization linked to Maricunga-style quartz veining [4][9] Geological Context - The Catalyst Target is part of a larger 8km-10km Camp Creek Corridor, which hosts multiple underexplored porphyry-style prospects, suggesting a fertile multi-phase porphyry system [3][8] - The mineralization is associated with distinct intrusive phases and hydrothermal breccias, indicating a complex geological environment conducive to copper-gold deposits [9][10] Future Plans - Further drilling is planned for the next season to define the extent of copper-gold mineralization at the Catalyst Target, with ongoing exploration at the Tempest Target, which shares similar geological characteristics [3][13]
Linear Minerals Assayed 21.10 Percent Copper in Surface Samples at the Lac Coulombe Property, Quebec
Accessnewswire· 2025-10-30 01:15
Core Insights - Linear Minerals Corp. has announced positive results from initial exploration at the Lac Coulombe Property in Quebec, Canada, indicating significant copper values and the presence of gold and silver [1] Exploration Results - Assays from the exploration revealed copper values ranging from less than 0.5 parts per million (ppm) to 211,000 ppm, which equates to 21.10% copper [1] - The exploration also indicated anomalous values of gold and silver, suggesting potential for further resource development [1]
More strong drilling results outside current resource point to further growth
Globenewswire· 2025-10-29 23:35
Core Viewpoint - Cygnus Metals Limited has reported significant exploration results from its Chibougamau Copper-Gold Project, indicating a strong potential for resource growth and development, particularly at the Cedar Bay and Corner Bay deposits [3][5][10]. Group 1: Exploration Results - The first drill hole at Cedar Bay returned a wide interval of 10.6m at 4.1g/t AuEq, including high-grade gold up to 29.1g/t AuEq [1][7]. - The Cedar Bay mine, historically a high-grade gold-rich site, remains open for further exploration, with current drilling targeting down plunge continuity [4][6]. - Additional results from Corner Bay include 3.1m at 4.9% CuEq, highlighting the potential for resource expansion in this flagship deposit [9]. Group 2: Resource Growth - Cygnus has increased its global resource by 29%, with the current Mineral Resource Estimate totaling 6.4Mt at 3.0% CuEq for 193kt CuEq (Measured & Indicated) and 8.5Mt at 3.5% CuEq for 295kt CuEq (Inferred) [3][6][30]. - The Cedar Bay resource contains 67koz at 8.1g/t AuEq (Indicated) and 205koz at 7.8g/t AuEq (Inferred), indicating significant growth potential [8][30]. Group 3: Infrastructure and Development - The Chibougamau area has established infrastructure, including a 900 ktpa processing facility, sealed highway, airport, and regional rail, providing a significant advantage for development [11]. - The processing facility is the only base metal processing site within a 250km radius, enhancing its strategic importance for future operations [11]. Group 4: Future Plans - The company is focused on continuing its exploration strategy to drive resource growth and conversion, aiming to advance the project towards development [10][15]. - Cygnus is utilizing innovative AI solutions to identify additional drill targets based on historical data, which is expected to unlock further potential in the region [6][10].
Silver Hammer Advances to Phase One Drill Program at Its 100% Owned Silverton Project in Nevada
Newsfile· 2025-10-29 12:30
Core Viewpoint - Silver Hammer Mining Corp. has initiated a Phase 1 Drill Program at its 100%-owned Silverton Project in Nevada, engaging Alford Drilling, LLC for drilling and Modern Land and Development, LLC for site preparation, with drilling expected to start in November 2025 [1][2]. Group 1: Project Details - The Phase 1 Drill Program will consist of up to 5,000 feet of drilling across eight reverse circulation holes, targeting mineralized areas near historic high-grade silver mine workings [1][3]. - The drill program aims to test for down-dip continuity of high-grade silver mineralization that was previously mined in the 1930s and 1950s [3]. Group 2: Historical Context and Exploration - The Silverton Mine, operational from the 1930s to 1953, produced less than 100,000 tons of silver with historic grades ranging from 300 g/t to 933 g/t [5]. - Previous exploration efforts have identified two mineralized systems: an eastern gold-dominant system with grades from 0.06 g/t to 6.1 g/t gold, and a western silver-dominant system with grades from 0.32 g/t to 692 g/t silver [4]. Group 3: Future Plans - The company is also developing an exploration plan for the recently acquired Fahey Group Silver Project in Idaho and is finalizing permitting for the Eliza Project, which has historical high-grade silver mines [2]. - The company anticipates a busy year ahead, focusing on advancing its silver projects that have not been adequately tested [2][9].
Glenstar to Conduct Comprehensive Geophysical Survey at Green Monster Project
Newsfile· 2025-10-29 12:29
Core Insights - Glenstar Minerals Inc. has engaged Hasbrouck Geophysics, Inc. to conduct a Hybrid-Source Audio-Magnetotellurics Survey at the Green Monster Project in Nevada, aimed at enhancing understanding of the geophysical structure of the polymetallic zone discovered in previous drilling [1][3][4] Company Overview - Glenstar is a mineral exploration company focused on polymetallic minerals, which are critical for manufacturing advanced electronics and energy technologies [5] - The company’s shares are traded on multiple exchanges, including the Canadian Securities Exchange, Frankfurt Stock Exchange, and OTCQB in the United States [7] Project Background - The Green Monster Property consists of 35 federal lode claims covering approximately 700 acres in Clark County, Nevada, located about 40 miles southwest of Las Vegas [3] - Prior to the recent drilling program in May 2025, no drilling had been conducted on the property, although previous sampling in 2022 indicated promising targets for shallow drilling [3][4] Recent Exploration Work - Initial groundwork in 2022 included geological mapping, surface rock sampling, soil sampling, and a drone magnetic survey, revealing significant mineralization [4] - Channel sampling returned notable results, including 1.18 meters of 3.77% Copper, 3.06% Nickel, 0.21% Cobalt, and 6.83% Zinc, indicating in-place vein style mineralization [4]
Blue Star Expands High-Grade Flood Zone Exposure at Surface Through Overburden Stripping and Channel Sampling Program
Newsfile· 2025-10-29 12:00
Core Insights - Blue Star Gold Corp. has announced significant results from its recent exploration program at the Ulu Project, revealing high-grade gold mineralization in the Flood Zone deposit [2][5][20] Exploration Program Results - The drilling program covered four target areas with a total of 1,120 meters drilled, including mechanical stripping and power washing of a section of the Flood Zone deposit [3][15] - High-grade mineralization was exposed at the surface, with notable intervals including 9.82 meters at 8.31 grams per tonne (g/t) gold and 4.18 meters at 14.73 g/t gold [7][20] Geological Findings - Approximately 750 square meters were mechanically stripped, exposing a 30-meter strike length of mineralization, revealing pillowed basalt, mineralized quartz lenses, and strong arsenopyrite mineralization [6][20] - The mapping and channel sampling results correlate well with established geological models, indicating local variability typical of an Archean gold system [9] Future Plans - The company plans to expand the mechanically stripped area by another 15-20 meters in width and 80 meters in length, incorporating current observations into a revised structural model for the Flood Zone [20][21] - Data from the 2025 drill holes will be integrated into Blue Star's geological model for future drill targeting in the 2026 season [21] Company Overview - Blue Star Gold Corp. is focused on mineral exploration and development in Nunavut, Canada, with significant landholdings in the High Lake Greenstone Belt and a notable high-grade gold resource at the Flood Zone deposit [32][33]