Mineral Exploration

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Red Metal (RDM) Earnings Call Presentation
2025-07-23 01:50
Company Overview - Red Metal Limited (ASX:RDM) has 359,658,006 shares on issue[3] - The share price as of July 23, 2025, is 12 cents, resulting in a market capitalization of $43 million[3] - The company's cash reserves as of June 2025 are $4.9 million[3] Sybella Discovery (Rare Earth Elements) - The Sybella Discovery is a new granite-hosted REO deposit located 20km southwest of Mt Isa[11] - It is a large intrusion measuring 12.4km long and 3km wide[11] - The deposit has a resource of 4.795 billion tonnes at 302 ppm NdPr and 28 ppm DyTb (using a 200 ppm NdPr cut-off grade)[11] - This includes 788 million tonnes of weathered granite at 297 ppm NdPr and 28 ppm DyTb (using a 200 ppm NdPr cut-off grade)[11] - Bottle roll leach tests on the Kary Zone show strong MREO extraction at pH 1.7-2.5, with 70-80% NdPr and 40-60% DyTb extraction[20] Exploration Projects - Pardoo: Targeting Hemi-style gold deposits, with IP surveying completed and drilling planned for Q3 2025 followed by assay results in Q4 2025[10] - Pulkarrimarra: Exploring for Winu/Havieron-type gold-copper deposits, with drilling planned for Q3 2025 and assay results in Q4 2025[10] - Gulf: Targeting giant IOCG breccia, with drilling planned for Q3 2025 and assay results in Q4 2025[10] Maronan Project - Red Metal has a 44% equity in Maronan Metals (ASX:MMA), an advanced silver-lead, copper-gold project[10, 66] - A resource review is scheduled for Q2 2025, with advanced mining study results expected in Q3 2025, aiming to be "Mine Ready" in Q4 2025[10]
Lancaster Resources Clarifies News Release
Globenewswire· 2025-07-22 21:23
Core Viewpoint - Lancaster Resources Inc. is clarifying its acquisition of the Lac Iris Polymetallic Project and providing updates on its exploration activities across various properties, focusing on gold, lithium, and uranium projects in Canada and Australia [1][3][16]. Group 1: Lac Iris Polymetallic Project - The Lac Iris project spans approximately 1,443 hectares and is located along the geological trend of the NISK polymetallic high-grade nickel-copper sulphide deposit, indicating its potential for polymetallic exploration [2]. - The acquisition of the Lac Iris project was completed through online staking using Quebec's Mining Title Management system, with titles pending provincial mining title review [3]. - Lancaster is collaborating with KorrAI to utilize hyperspectral imaging and conduct geological and geochemical programs to identify polymetallic and lithium-rich areas, aiming to construct detailed geological maps and evaluate high-value metals content [4]. Group 2: Lake Cargelligo Gold Project - The Lake Cargelligo Gold project covers over 28,768 hectares and has multiple historical high-grade gold and silver occurrences, with rock chip sampling results showing up to 204 g/t Au and 273 g/t Ag [5]. - Lancaster has initiated discussions with local stakeholders to expedite approvals, aiming to start exploration programs in Q3 2025 [6][7]. - The exploration program will focus on confirming previously reported gold and silver concentrations, with plans for detailed geological mapping and a targeted geophysical program to support follow-up drilling [7]. Group 3: Other Projects - Lancaster holds a 100% interest in the Trans-Taiga property in the James Bay lithium district and is exploring joint field programs with the Lac Iris project to optimize capital and confirm opportunities [8]. - The company also owns the Catley Lake and Centennial East uranium projects in Saskatchewan, adjacent to the Cameco Centennial deposit, which has notable uranium concentrations [9][10]. - The Piney Lake Gold Project in Saskatchewan has historical geochemical samples indicating significant gold showings, with concentrations of 7.55 g/T Au and 41.35 g/T Au reported [12]. Group 4: Management Commentary - The CEO of Lancaster expressed excitement about the Lake Cargelligo acquisition, emphasizing the acceleration of exploration programs and the potential for significant exploration results [13].
Adyton Reports Multiple Significant Gold Intersections from its Feni Island Gold-Copper Project Drilling, Including 144m at 1.18g/t Au
Newsfile· 2025-07-22 12:49
Core Viewpoint - Adyton Resources Corporation has reported promising preliminary gold assay results from its Feni Island Gold-Copper Project, indicating significant gold intersections in the initial three drill holes, which may enhance the project's potential for gold resource expansion [1][2][3]. Summary by Relevant Sections Preliminary Assay Results - The first three drill holes (FDD001, FDD002, FDD003) have shown consistent and broad gold zones: - FDD001: 76m at 1.43g/t Au from 95m, totaling 108gxm - FDD002: 144.2m at 1.18g/t Au from 45m, totaling 170gxm, including 93m at 1.58g/t Au from 45m, totaling 147gxm - FDD003: 81m at 1.12g/t Au from 70m, totaling 90gxm [2][6]. Drilling Progress and Observations - As of July 21, 2025, a total of ten diamond drill holes have been drilled for 3,332m, with six completed, one terminated early, two in progress, and one abandoned. The target hole depths are typically around 400m, with FDD001 and FDD002 reaching 396m and 196m respectively [4][34]. - Visual observations indicate ongoing evidence of vein-hosted and disseminated sulphide mineralization, particularly in FDD004 and FDD005, which were drilled to depths of 453.2m and 839m respectively [4][5]. Geological Insights - The preliminary assay results confirm the geological model for shallow, gold-bearing hydrothermal breccias encountered just below the post-mineral tephra cover. Stronger and deeper visual sulphide mineralization has been observed in remaining drill holes [5][6]. - FDD005 has generated excitement due to its extensive mineralized interval of 794m, showing visual mineralization from 45m to the end of the hole [5][24]. Mineral Resource Context - The Feni Island Project is part of a region with significant gold resources, including inferred resources of 1.45 million ounces of gold. The project is strategically located near other operating gold mines, enhancing its potential for resource development [35][38].
Brixton Metals Drills 1.5m of 9.5 g/t Gold, 13.8% Copper, 771.5 g/t Silver, 7.6% Lead, 609 g/t Tellurium, 7.1% Zinc, and >1% Antimony
Globenewswire· 2025-07-22 11:30
VANCOUVER, British Columbia, July 22, 2025 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) (the “Company” or “Brixton”) is pleased to announce its first batch of drill results of the 2025 season from its wholly owned Thorn Project located in NW British Columbia, Canada. The Thorn Project is an underexplored copper-gold porphyry district with several large-scale exploration target areas identified. Brixton is operating with one diamond drill and is gearing up to add a second drill b ...
Fury Reports Encouraging Metallurgical Test Results from the Ninaaskumuwin Lithium Discovery at Elmer East
Globenewswire· 2025-07-22 11:00
Core Insights - Fury Gold Mines Limited announced preliminary metallurgical test results for its Ninaaskumuwin lithium discovery in Northern Quebec, indicating that the mineralization is suitable for conventional lithium extraction techniques with a recovery rate of 62.2% lithium and a concentrate grade of 5.59% Li2O from a single composite sample [1][7][10] Metallurgical Test Results - The metallurgical tests were conducted on 27 samples from spodumene-bearing pegmatite, revealing that samples contained up to 42% spodumene and that spodumene is the sole lithium-bearing mineral identified [4][5] - The pegmatite is free of impurities, suggesting the potential to produce lithium concentrates suitable for battery-grade lithium carbonate and lithium hydroxide [4][5] - The average density of the samples was measured at 2.70 g/m, and the grades of the 85 samples analyzed ranged from 0.02% to 3.71% Li2O [5] Mineralogical Analysis - A mineralogical study of 58 samples indicated a high percentage of spodumene (up to 42%) and an abundance of other minerals such as albite (up to 70%) and quartz (up to 99%) [5] - Impure lithium-bearing minerals were not identified, enhancing the potential for high-quality lithium production [5] Drilling Results - Recent drilling results included 32.35 meters of 1.16% Li2O from drill hole EE24-003 and 22.48 meters of 1.19% Li2O from drill hole EE24-002, with the mineralized spodumene-bearing pegmatite remaining open at depth and along strike [9] Project Location and Accessibility - The Ninaaskumuwin lithium prospect is part of Fury's 100% owned Elmer East project, covering approximately 45,735 hectares and is easily accessible from the paved Billy Diamond highway [8] Future Work and Potential - The company expressed optimism regarding the metallurgical results and indicated that further exploration and follow-up work are warranted to realize the project's full potential [3][10]
Golden Cross Resources Provides Update on Drilling and Announces a Second Drill Rig Has Been Mobilized at Its Reedy Creek High-Grade Gold Project
Newsfile· 2025-07-22 07:01
Core Viewpoint - Golden Cross Resources has mobilized a second drill rig at its Reedy Creek high-grade gold project in Victoria, Australia, following a successful C$5 million financing, which will accelerate and expand its exploration efforts [1][3]. Group 1: Drilling Program Update - The mobilization of a second drill rig is a significant milestone for the company, allowing it to double drilling capacity and test multiple high-priority targets [3][5]. - The initial drilling of approximately 1,000 meters has revealed that the Reedy Creek goldfield is characterized by gold-bearing fluids migrating along faults intersecting anticline folding, a geological setting similar to other major Victorian gold mines [5]. - The recent financing ensures the company can aggressively advance its current 6,000-meter drill campaign and potentially expand it based on results [5]. Group 2: Financial and Operational Highlights - The company has successfully completed a C$5 million financing, providing the necessary capital to enhance exploration activities [1][5]. - Previous drilling has confirmed multiple high-grade gold intercepts along a 3 km mineralized corridor, with several zones remaining open along strike and at depth [5]. - The second phase of drilling will involve testing targets at greater depths, which is crucial for understanding the geological model driving gold mineralization at Reedy Creek [5]. Group 3: Company Overview - Golden Cross Resources is a Canadian mineral exploration company focused on advancing its high-grade Reedy Creek gold project, located 10 km from Southern Cross Gold's Sunday Creek discovery [6].
Thor Explorations Announces Maiden Drill Results at the Guitry Project in Côte d'Ivoire
Newsfile· 2025-07-22 06:00
Core Viewpoint - Thor Explorations Ltd has announced initial drilling results from its Guitry Gold Project in Côte d'Ivoire, indicating promising gold mineralization and the potential for further resource development [1][4][5]. Drilling Program Overview - The company completed a 3,000 metre reverse circulation drilling program during May and June 2025, aimed at understanding the geometry and geological controls on gold mineralization [2][14]. - Initial assay results have been received, confirming the new interpretation of mineralized lodes and intersecting previously untested deeper bedrock mineralization [5][19]. Significant Assay Results - Notable drill results include: - Drillhole GURC25-208: 14m at 2.59 g/t Au from surface - Drillhole GURC25-214: 10m at 10.36 g/t Au from 57m - Drillhole GURC25-219: 3m at 14.50 g/t Au from 82m - Drillhole GURC25-228: 5m at 12.65 g/t Au from 69m [8][19][29]. Project Background - The Guitry Project was acquired from Endeavour Mining for US$100,000 and a 2% Net Smelter Royalty, covering 295 square kilometres in a region known for significant gold deposits [9][28]. - The project is located within the Tehini Greenstone Belt, which hosts large gold deposits in Burkina Faso [9]. Future Exploration Plans - Further exploration at the Krakouadiokro Prospect will include infill and step-out drilling, as well as drilling on numerous geochemical anomalies at both the Krakouadiokro and Gbaloukro Prospects [3][26]. - The company plans to continue drilling after the rainy season and initiate a maiden drilling program on the Marahui Project [6][26].
District Commences UAV Radiometric and Magnetic Survey at Uranium Polymetallic Properties in Sweden
Newsfile· 2025-07-22 06:00
District Commences UAV Radiometric and Magnetic Survey at Uranium Polymetallic Properties in Sweden July 22, 2025 2:00 AM EDT | Source: District Metals Corp. Vancouver, British Columbia--(Newsfile Corp. - July 22, 2025) - District Metals Corp. (TSXV: DMX) (Nasdaq First North: DMXSE SDB) (OTCQB: DMXCF) (FSE: DFPP); ("District" or the "Company") is pleased to announce that MWH Geo-Surveys International Inc. ("MWH") has been retained to conduct a detailed Unmanned Aerial Vehicle ("UAV") radiometric and magneti ...
Mandalay Extends High-Grade True Blue Discovery and Deploys Additional Drill Rigs at Costerfield Gold-Antimony Mine
Globenewswire· 2025-07-21 21:00
TORONTO, July 21, 2025 (GLOBE NEWSWIRE) -- Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND, OTCQB: MNDJF) announces an exploration update on the True Blue discovery near the operating Costerfield gold-antimony mine in Australia. Highlights: Drilling confirms structural and grade continuity increasing confidence.Highlights include: 155.0g/t Au and 3.7% Sb or 164 g/t AuEq over 0.30 m (ETW 0.20m) in TB043;19.9g/t Au and 2.1% Sb or 25 g/t AuEq over 3.10 m (ETW 2.37m) in TB044;5.4g/t Au an ...
Mandalay Extends High-Grade True Blue Discovery and Deploys Additional Drill Rigs at Costerfield Gold-Antimony Mine
GlobeNewswire News Room· 2025-07-21 21:00
TORONTO, July 21, 2025 (GLOBE NEWSWIRE) -- Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND, OTCQB: MNDJF) announces an exploration update on the True Blue discovery near the operating Costerfield gold-antimony mine in Australia. Highlights: Drilling confirms structural and grade continuity increasing confidence.Highlights include: 155.0g/t Au and 3.7% Sb or 164 g/t AuEq over 0.30 m (ETW 0.20m) in TB043;19.9g/t Au and 2.1% Sb or 25 g/t AuEq over 3.10 m (ETW 2.37m) in TB044;5.4g/t Au an ...