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]

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].

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 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 ...

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 ...

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 ...

Core Viewpoint - Collective Mining Ltd. has announced positive assay results from five diamond drill holes at the Apollo system, indicating strong mineralization and potential for expansion of the gold-silver-copper-tungsten resources in the Guayabales Project in Caldas, Colombia [1][5][10]. Company Overview - Collective Mining Ltd. is focused on exploring and developing gold, silver, copper, and tungsten projects in Colombia, with a significant emphasis on the Guayabales Project, particularly the Apollo system [9][10]. - The company has a history of successful project development, having previously sold Continental Gold Inc. for approximately $2 billion [9]. Drilling Program - The company is conducting a fully funded 70,000-meter drill program for 2025, with ten drill rigs currently operational, eight at the Guayabales Project and two at the San Antonio Project [2][3]. - Approximately 131,500 meters of diamond drilling have been completed at the Guayabales Project, with 92,000 meters specifically at Apollo [3]. Assay Results - Recent assay results from five drill holes show high-grade mineralization, including: - APC-125: 442.35 meters at 2.16 g/t gold equivalent from surface, including 68.05 meters at 4.55 g/t [5][7]. - APC-126: 325.10 meters at 2.03 g/t gold equivalent from 8 meters downhole [5][7]. - APC-124: 99.75 meters at 2.09 g/t gold equivalent from 20.95 meters downhole [5][7]. - The shallow drilling program has expanded the volume of the shallow mineralized area by approximately 5% [7]. Future Plans - The company plans to continue drilling to define and expand high-grade sub-zones and test additional gravity targets, with expectations of making further discoveries by the end of 2025 [3][10]. - A second deep capacity drill rig is expected to arrive in Q3 2025 to further explore the high-grade Ramp Zone [2][3].

Core Viewpoint - U.S. GoldMining Inc. is advancing its Whistler Gold-Copper Project in Alaska, focusing on new exploration targets and utilizing favorable market conditions for gold, copper, and silver to enhance its mineral resource pipeline [1][3]. Exploration Program Highlights - The 2025 exploration program will target new porphyry gold-copper drill sites within the Whistler Orbit and include follow-up mapping and sampling at the Muddy Creek prospect [1][2]. - The Whistler Project encompasses three mineral systems: Whistler – Raintree, Island Mountain, and Muddy Creek, with the existing deposits occupying only about 1% of the company's land holdings [2][3]. Program Details - The exploration will commence with shallow auger drilling at the Whistler – Raintree mineral system, utilizing a mobile 'shock auger' drill to efficiently test multiple near-surface target areas [4][5]. - Over 25 potential exploration targets have been identified within the Whistler – Raintree mineral system, characterized by geophysical signatures similar to the known Whistler deposit [4][5]. Muddy Creek Exploration - Previous exploration at Muddy Creek included 73 rock chip samples, with 20 samples exceeding 10 grams per tonne gold, and peak values reaching 111.50 g/t Au [6]. - The upcoming mapping and sampling will aim to define zones of higher density quartz veining within the granitoid intrusion, setting the stage for future drilling [6]. Technical Information - The Whistler Project is located 105 miles (170 kilometers) northwest of Anchorage, Alaska, covering approximately 53,700 acres (217.5 square kilometers) [9]. - The current mineral resource estimate for the project includes 294 million tonnes at 0.68 g/t AuEq for 6.48 million ounces AuEq Indicated, and 198 million tonnes at 0.65 g/t AuEq for 4.16 million ounces AuEq Inferred [9].

Core Insights - Electrum Discovery Corp. has reported positive results from a petrographic study on the Karamanica Prospect, part of the Novo Tlamino Project in southern Serbia, confirming gold-bearing structures across three newly identified target areas [1][2][3] Novo Tlamino Project - The Novo Tlamino Project is located within the Serbo-Macedonian Metallogenic Belt, known for hosting various mineral deposits including epithermal gold and porphyry Cu-Au deposits [3] - The Barje Deposit within the project has an inferred resource of 670,000 oz AuEq, comprising 570,000 oz Au and 8.8 Moz of Ag [3][25] Karamanica Prospect - The Karamanica Prospect is situated approximately 8 kilometers west of Barje and is centered on a significant gold-in-soil anomaly [4] - Recent field prospecting has confirmed gold and base metal mineralization across three new target zones: Drill Road Breccia, Northeast Gossan Field, and Western Jasperoid [5][18] Petrographic Analysis - The petrographic analysis of 18 samples from the Karamanica Prospect indicates a variety of hydrothermal alteration styles and lithologies consistent with multiple mineralizing environments [7][9] - Gold-bearing structures have been identified with assays up to 2.39 g/t Au, and high-grade silver and polymetallic associations have been noted, including rock chip assays up to 745 g/t Ag and 21% Pb [5][14][16] Rock Sampling - A total of 19 rock chip samples were collected, revealing widespread gold mineralization with peak values of 2.39 g/t Au and notable silver values, including a peak of 745 g/t Ag [10][11][14] - Lead and zinc show significant enrichment, with one sample returning 21.0% Pb [15][16] Target Highlights - The refined targets based on the petrology report and new rock sample assays include: - Drill Road Breccia Target with assays up to 2.39 g/t Au and 56 g/t Ag [18] - Northeast Gossan Target with gossan outcrops returning up to 2.90% Zn and 2.01% Pb [18] - Western Jasperoid Target indicating a potentially mineralized structure with assays up to 0.49 g/t Au [18] Next Steps - The company is evaluating geophysical methods to delineate mineralized structures and integrate this data with existing surface geochemistry and geological mapping to prioritize future drill targets [17]

Core Viewpoint - Prismo Metals Inc. has successfully upsized and closed a non-brokered private placement, increasing the number of units issued due to strong investor demand, which reflects interest in its silver projects in Arizona [1][4]. Group 1: Private Placement Details - The private placement was increased from 5,000,000 units to 11,500,000 units, resulting in gross proceeds of $575,000 at an issue price of $0.05 per unit [1]. - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one share at an exercise price of $0.10 for 24 months [2]. - A second closing of the private placement is planned, with up to 2 million additional units to be issued for gross proceeds of up to $100,000 [3]. Group 2: Use of Proceeds - Proceeds from the private placement will be used for exploration activities at the Silver King and Ripsey silver mines in Arizona, as well as for general corporate purposes [4]. - The company has also issued 150,724 shares to settle outstanding indebtedness of $7,536.20 [4]. Group 3: Exploration Plans - The CEO highlighted the strong investor interest in the company's silver projects, particularly the Silver King and Ripsey mines, and outlined a comprehensive exploration plan [4]. - A phase one drill program of a minimum of 1,000 meters is planned for the Silver King mine, which will test the mineralized body at various elevations [4]. - Detailed mapping and sampling programs are set to begin at both projects, with the potential for de-watering the Silver King shaft to access upper levels [4]. Group 4: Historical Context - The Silver King mine has a historical production of nearly 6 million ounces of silver at high grades, with some samples returning grades as high as 644 oz/t silver [9]. - The Ripsey mine has historical grades of up to 15.85 g/t gold and 276 g/t silver, but no modern exploration has been conducted [10]. - The strategic location of the Silver King mine, near the Resolution Copper project, offers potential upside for the company [11].