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Q2 Metals Reports Multiple Wide, Mineralized Intercepts at the Cisco Lithium Project, Including 272.5 Metres at 1.61% Li20
Globenewswire· 2025-09-29 11:00
Core Insights - Q2 Metals Corp. has reported significant assay results from its ongoing 2025 drill program at the Cisco Lithium Project, confirming the substantial width of the mineralized zone and indicating potential for further expansion [2][3][19] Drilling Results - Hole CS25-036 revealed 272.5 meters of continuous spodumene pegmatite grading 1.61% Li2O, confirming the robust width of the mineralized zone [3][7] - Hole CS25-038 showed multiple intervals with grades greater than 1.5% Li2O, with the widest interval being 66.5 meters at 1.55% Li2O [5][7] - Hole CS25-039 included significant intervals such as 108.5 meters at 1.62% Li2O and 107.4 meters at 1.87% Li2O, further confirming mineralization in the southern portion of the zone [5][7] Exploration Program - The current drilling campaign is ongoing with three drill rigs operating, and a fourth rig scheduled to start at the end of October 2025, aimed at accelerating exploration efforts [5][19] - The focus for the upcoming fall and winter drilling campaign will be on infill-scale drilling within the main mineralized zone, supporting the goal of delivering an initial inferred Mineral Resource Estimate in the first half of 2026 [6][19] Project Overview - The Cisco Lithium Project consists of 801 claims covering 41,253 hectares, located in the Eeyou Istchee James Bay region of Quebec, Canada, with significant potential for lithium mineralization [17][18] - An initial Exploration Target estimates a range of potential lithium mineralization of 215 to 329 million tonnes at grades from 1.0 to 1.38% Li2O, based on the first 40 holes drilled [18]
Renforth Declares Initial Victoria Nickel Polymetallic Mineral Resource Estimate in Malartic, Quebec of 125 Million Tonnes Grading 0.15% NiEq in an Open Pit
Thenewswire· 2025-09-26 12:00
Core Insights - Renforth Resources Inc. has reported an Initial Mineral Resource Estimate for the Victoria project, indicating a pit constrained in situ of 413 million lbs of nickel equivalent over a 2.5 km strike length [1][2][5] Mineral Resource Estimate - The Inferred Mineral Resource classification includes 125 million tonnes with a nickel grade of 0.12%, copper at 0.02%, cobalt at 0.01%, zinc at 0.08%, and silver at 0.38 g/t, resulting in a nickel equivalent grade of 0.15% [2] - The mineralization is hosted in interlayered ultramafic and black shale bands, with a total width of up to 500 meters and a strip ratio of less than 1:1 in a 200m deep pit [3][4] Geological and Structural Insights - The Victoria structure runs approximately 20 km with mineralization occurring at or near the surface, with thicknesses observed up to 500 meters [10] - The geological model indicates a modified magmatic Ni-Cu-Co sulphide deposit, with characteristics similar to the "Outokumpu" deposits in Finland [8][9] Future Plans and Exploration - The company plans to continue metallurgical sorting optimization tests and further drilling to grow and upgrade the Mineral Resource ahead of a Preliminary Economic Assessment (PEA) [5][22] - Ongoing exploration will evaluate the presence of a larger ultramafic magmatic system and assess the carbon sequestration capacity of the ultramafic material [22][24] Metallurgical Testing - Initial metallurgical testing has shown that it is possible to liberate copper, nickel, and zinc by flotation, indicating distinct flotation conditions may be required for high-grade concentrates [24][27] - The testing results indicate high recovery rates of copper and nickel, with significant portions contained in specific minerals [25][26]
G2 Goldfields Closes C$49.5 Million Private Placement
Globenewswire· 2025-09-25 20:59
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES TORONTO, Sept. 25, 2025 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. (“G2” or the “Company”) (TSX:GTWO; OTCQX:GUYGF) is pleased to announce that it has completed the non-brokered private placement announced by the Company on September 11, 2025 (the “Offering”). The Offering consisted of 15,000,000 common shares of the Company (the “Shares”) at a price of C$3.30 per Share, for aggregate gross proceeds of C$49,500,000. The net pro ...
Omai Gold Drills 3.08 g/t Au over 25.8m, 6.84 g/t Au over 9.5m, and 1.52 g/t Au over 37.5m at Wenot Deposit; Provides Update on Deep Hole Beneath Wenot Deposit
Newsfile· 2025-09-24 11:47
Omai Gold Drills 3.08 g/t Au over 25.8m, 6.84 g/t Au over 9.5m, and 1.52 g/t Au over 37.5m at Wenot Deposit; Provides Update on Deep Hole Beneath Wenot DepositSeptember 24, 2025 7:47 AM EDT | Source: Omai Gold Mines Corp.Toronto, Ontario--(Newsfile Corp. - September 24, 2025) - Omai Gold Mines Corp. (TSXV: OMG) (OTCQB: OMGGF) ("Omai Gold" or the "Company") is pleased to announce additional assay results from the ongoing 2025 drill program on its 100% owned Omai Gold Project in Guyana, South Am ...
Zacatecas Silver Closes First Tranche of Private Placement
Globenewswire· 2025-09-24 02:18
Core Points - Zacatecas Silver Corp. has closed the first tranche of its private placement financing, issuing 38,449,335 units at $0.06 per unit, resulting in gross proceeds of $2,306,960 [1] - The company plans to complete the final tranche by September 29, 2025 [1] Financing Details - Each unit consists of one common share and one common share purchase warrant, with warrants exercisable at $0.10 per share for two years [2] - The company can accelerate the expiry date of the warrants if the share price exceeds $0.20 for 20 consecutive trading days [2] - Finders fees of $113,297.19 were paid, and 1,888,286 non-transferable finders share purchase warrants were issued [3] Use of Proceeds - Proceeds from the offering will fund a drilling campaign on the Zacatecas Silver Project, strategic initiatives, and working capital [4] Related Party Transaction - A holding corporation of the CEO subscribed for 500,000 units for $30,000, which is considered a related party transaction [5] Company Overview - Zacatecas Silver Corp. has two key projects: the Esperanza Gold Project and the Zacatecas Silver Project, both located in Mexico [6] - The Esperanza project has a measured and indicated mineral resource estimate of 30.5 million tonnes at 0.97 g/t AuEq, totaling 956 thousand ounces AuEq [7] - The Zacatecas Silver Project is located in the Fresnillo silver belt, with a mineral resource estimate of 2.7 million tonnes at 187 g/t AgEq, totaling 16.4 million ounces AgEq [8]
Equity Metals Reports Shallow Extensions of the No. 3 Vein to the Northwest of Historic Workings, Silver Queen Property, BC
Newsfile· 2025-09-23 13:30
Equity Metals Reports Shallow Extensions of the No. 3 Vein to the Northwest of Historic Workings, Silver Queen Property, BCSeptember 23, 2025 9:30 AM EDT | Source: Equity Metals CorporationVancouver, British Columbia--(Newsfile Corp. - September 23, 2025) - Equity Metals Corporation (TSXV: EQTY) ("Equity") reports new precious and base metal assays from the Summer '25 drill program on its 100% owned Silver Queen Au-Ag project, British Columbia, which continue to extend the lateral projection o ...
Thunder Gold Announces Fully Funded Phase Three Drill Program at Tower Mountain
Newsfile· 2025-09-23 11:30
Core Viewpoint - Thunder Gold Corp. has announced a fully funded Phase Three drill program at its Tower Mountain Gold Property, which is expected to enhance resource definition and exploration potential in a favorable market environment for gold [1][6][9]. Group 1: Drill Program Details - The Phase Three drill program is set to begin on October 1, 2025, with a total of 2,000 meters planned, focusing approximately 70% on infill drilling along the 1,800-meter western contact of the Tower Mountain Intrusive Complex (TMIC) [9]. - The program aims to close gaps in drill coverage, strengthen geological confidence, and move towards an initial Mineral Resource Estimate (MRE) for the western contact of the TMIC [5][9]. - Significant results from the Phase Two drilling have validated the continuity of mineralization and demonstrated strong potential for expanding the mineralization footprint [9][10]. Group 2: Geological Insights - The 3738-Target area has been tested with seven holes, indicating a weight-averaged grade of 0.93 g/t Au over an average downhole interval of 77.0 meters [7]. - The A-Target has shown a weight-averaged grade of 1.29 g/t Au over an average interval length of 22.7 meters, with significant results indicating sub-vertical continuity of mineralization [12]. - The Phase Three program will include additional holes to further explore the down dip continuation of the A-Target and the 3738-Target [13][14]. Group 3: Market Context and Strategic Positioning - With gold prices at multi-year highs, the company is well-positioned to accelerate resource definition while exploring the broader TMIC perimeter [6][9]. - The strategy focuses on establishing a robust, near-surface, open-pittable resource that could serve as a foundation for future mining operations, while also preserving the potential for systematic discovery across the 2,500-hectare property [6][9]. - The Tower Mountain Gold Property is strategically located near existing infrastructure, enhancing its attractiveness for future development [20][21].
Renforth Attending Munich Mining Conference, Company Update
Thenewswire· 2025-09-22 12:00
Core Points - Renforth Resources Inc. will participate in the Munich Mining Conference on October 3rd and 4th, presenting on October 4th at 10 am local time, with 109 companies and over 1,000 investors expected to attend [1] - The company is advancing its maiden Mineral Resource Estimate (MRE) for the Victoria mineralized system, aiming to declare a nickel polymetallic resource over approximately 2.5 km of the drilled strike within a 20 km long structure, with the estimate release anticipated in the fall [2] - New detailed geophysical data has been obtained covering areas near the Beaupré discovery and a portion of the Parbec gold deposit, which includes nearly half of the Cadillac Break and Pontiac sediments, and this data is being integrated into project evaluations [3]
Kodiak Completes Shallow Infill Drilling at West and South Zones, Initial Resource Estimate Underway
Newsfile· 2025-09-22 10:00
Core Viewpoint - Kodiak Copper Corp. has reported positive results from its summer 2025 drilling program at the MPD copper-gold porphyry project, indicating strong mineralization at the West and South Zones, which is expected to contribute to an initial resource estimate by Q4 2025 [1][3][4]. Group 1: Drilling Results - The summer 2025 drill program included 10 diamond drill holes totaling 1,173 meters at the West Zone and three holes totaling 232 meters at the South Zone [1][4]. - Significant intersections at the West Zone include AXE-25-009, which showed 2.11 g/t Au, 0.21% Cu, and 1.20 g/t Ag over 7 meters, and AXE-25-006, which reported 0.41% Cu, 0.15 g/t Au, and 0.90 g/t Ag over 21 meters [4][12]. - The South Zone drilling confirmed near-surface mineralization over approximately 350 meters, suggesting potential for further expansion [4][11]. Group 2: Future Prospects - The results from the 2025 drilling will be utilized to develop a Resource Estimate for the West, South, and Adit Zones, with the initial Mineral Resource Estimate planned for Q4 2025 [4][17]. - The West Zone remains open in several directions, indicating further exploration potential [4][9]. - The company anticipates that the positive drill results will enhance the economic viability of the MPD project [3][4]. Group 3: Company Overview - Kodiak Copper is focused on its 100% owned copper porphyry projects in Canada and the USA, with the MPD project being its most advanced asset located in a historically productive mining district [17]. - The company has outlined seven substantial mineralized zones across the MPD property, with ongoing exploration aimed at expanding known zones and identifying new targets [17][18].
Pacific Ridge Announces Filing of NI 43-101 Technical Report for Kliyul Copper-Gold Project
Newsfile· 2025-09-18 20:31
Core Viewpoint - Pacific Ridge Exploration Ltd. has filed an independent technical report for the Kliyul copper-gold project, supporting the initial mineral resource estimate for the Kliyul Main Zone, which is part of a larger porphyry copper-gold trend in British Columbia [1][2]. Summary by Sections Mineral Resource Estimate - The Kliyul Main Zone (KMZ) hosts 334.1 million tonnes grading 0.33% copper equivalent (CuEq), 0.15% copper, 0.26 g/t gold, and 0.95 g/t silver in the Inferred Mineral Resource category [2][3]. - KMZ contains 2.42 billion pounds of CuEq, which includes 1.11 billion pounds of copper, 2.74 million ounces of gold, and 10.22 million ounces of silver in the Inferred Mineral Resource category [2]. Geological Context - KMZ is one of several target areas within a six-kilometre long porphyry copper-gold trend characterized by favorable geology, geochemistry, alteration, and geophysics [3]. - Mineralization at KMZ remains open for expansion both within and beyond the resource reporting shell used to restrict the resource model [3]. Drilling Activities - The company completed two drill holes totaling 1,287 metres at KMZ in 2025, focusing on infill and resource expansion, with assays pending [4][21]. - Since 2020, the company has invested over $15 million and drilled more than 20,000 metres at Kliyul [13]. Historical Drilling Results - The best drilling result in 2021 was 316.7 metres of 0.79% CuEq within 566.7 metres of 0.51% CuEq [13]. - The best drilling result in 2022 was 328.0 metres of 0.64% CuEq within 526 metres of 0.49% CuEq [21]. - The best drilling result in 2023 was 305.5 metres of 0.59% CuEq within 540.3 metres of 0.44% CuEq [21]. Project Infrastructure - Kliyul is over 90 km² in size and is located in the prolific Quesnel terrane, close to existing infrastructure, approximately 8 km from the Omineca Resource Road and a 230 kV high-voltage power line [13]. Company Overview - Pacific Ridge aims to become British Columbia's leading copper exploration company, with Kliyul as its flagship project, alongside other projects including RDP, Chuchi, Onjo, and Redton [24].