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Rob McEwen A Cornerstone Strategic Investor Increases Direct Ownership In Goliath Resources Limited
Globenewswire· 2025-12-18 11:18
Core Insights - Goliath Resources Limited has reported that strategic investor Rob McEwen has increased his ownership by exercising warrants for total proceeds of $1,214,285, bringing his ownership to 4,445,142 common shares, which is 2.6% of the total shares outstanding [1] - McEwen Inc. holds 5,181,347 common shares and has additional warrants that, if exercised, would increase their ownership to approximately 4.5% of Goliath [2] - The funds from the warrant exercise will enhance Goliath's financial position, as stated by the CEO Roger Rosmus [3] Company Overview - Goliath Resources is focused on precious metals exploration in the Golden Triangle of Northwestern British Columbia, controlling the Golddigger Property, which spans 91,518 hectares [3][10] - The Golddigger Property is strategically located near significant gold mines and geological features, including the Red Line, which is crucial for gold-copper-silver mineralization exploration [3] - Goliath has completed its largest drill campaign to date, totaling 64,364 meters in 2025, and is fully funded for another large drill program in 2026 [10] Geological and Metallurgical Insights - The Surebet discovery within the Golddigger Property shows promising metallurgy with gold recoveries of 92.2% from gravity and flotation methods, including 48.8% free gold [4] - The property is well-positioned for mining operations, with proximity to communities and existing infrastructure, including a permitted mill site and direct barge access to Prince Rupert [5][6] Research and Development - Goliath is a member of the Center to Advance the Science of Exploration to Reclamation in Mining (CASERM), which supports research in the mining sector and has facilitated high-level research on the Surebet Discovery [7][10]
Sankamap Updates Status on Late Filing of Financial Statements
TMX Newsfile· 2025-12-18 00:22
Edmonton, Alberta--(Newsfile Corp. - December 17, 2025) - Sankamap Metals Inc. (CSE: SCU) ("Sankamap" or the "Company") the Company continues to work towards the filing of its annual audited financial statements and management's discussion and analysis for the fiscal year ended June 30, 2025 (the "Required Filings"). The Company confirms that it completed a change of auditors, and that the related documentation was filed earlier this month. Following the completion of the audit of Sankamap's private subsid ...
Beauce Gold Fields Achieves 88% Drill Success Rate at the Grondin Zone. 3-D Interpretation Confirms 600 M Mineralized Corridor
Thenewswire· 2025-12-17 13:35
Core Insights - Beauce Gold Fields has achieved a significant milestone with the completion of a Leapfrog™ 3-D geological model for the Grondin Zone, enhancing the understanding of its gold-bearing structures [1][2][10] - The model integrates drill data from 2023 and 2025, providing a three-dimensional visualization of the antiform-saddle reef mineralized system, which has been traced over an 8-km geophysical signature [1][4] - The company reported an impressive 88% drill success rate across its recent campaigns, significantly higher than the typical 20-40% success rate for early-stage gold exploration [5][7] Geological Model Highlights - The 3-D model incorporates various geological data, including digitized drill sections, gold assay intervals, and lithological logs, resulting in a high-resolution visualization of the mineralized system [4][10] - Gold-bearing intervals range from 0.200 ppm to 11 ppm, with a mineralized strike length of 600 meters confirmed [4][5] - The model indicates mineralization extends to depths of approximately 40 meters and remains open along strike and at depth [5][10] Drill Results - A total of 14 out of 16 drill holes returned gold grades of 0.3 g/t Au or higher, confirming the presence of a robust, continuous mineralized corridor [7][8] - Detailed drill results from 2023 and 2025 show various intervals with significant gold concentrations, including notable assays of 11.4 g/t and 8.85 g/t [6][8] - The company plans to utilize the new model to refine drill targeting for the upcoming winter campaign [2][11] Future Exploration Plans - The company intends to deploy a borehole televiewer to determine the precise dip and orientation of gold-bearing structures, which will aid in optimizing deeper drilling efforts [10] - Upcoming exploration will focus on step-out drilling to test lateral continuation along the 600-meter corridor and deeper drilling beyond the confirmed vertical extent of mineralization [11][12] - Integration of new geophysical, geochemical, and historical data sets will further enhance exploration strategies [11][12]
Benton Continues to Hit Wide Gold Zones at South Pond and Identifies New VMS System North of Great Burnt; Launches New Website
TMX Newsfile· 2025-12-17 13:25
Thunder Bay, Ontario--(Newsfile Corp. - December 17, 2025) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") is pleased to announce that it has received the newest set of excellent gold results from its current drill campaign at South Pond Gold-Copper Deposit, including, 2.02g/t Au over 17.13 m (from 29.87 to 47.00 m), including 3.98g/t Au over 5.00 m (from 36.00 to 41.00 m), also including 9.12g/t Au over 1.00 m (from 36.00 to 37.00 m) in SP-25-54 (See Figures 1-3, Table 1).Additionally, Ben ...
Mayo Lake Minerals Sells Property in The Yukon to Banyan Gold for $1,000,000
TMX Newsfile· 2025-12-17 12:55
Core Viewpoint - Mayo Lake Minerals Inc. has successfully sold its Trail-Minto Property for $1,000,000 to Banyan Gold Ltd, which will enhance its financial position and allow for an aggressive exploration program in 2026 on its remaining properties in the Mayo-Keno area [2][8]. Financial Transactions - The sale of the Trail-Minto Property will provide Mayo with $1,000,000 in cash, which is intended to be used for debt repayment and general working capital [2][4]. - Mayo has closed the first tranche of a private placement totaling $300,000, consisting of common share units and flow-through units priced at $0.05 each [6][10]. Exploration Plans - The company plans to initiate an exploration program in 2026, focusing on defining gold targets within the Anderson Gold Trend and trenching the Carlin West and AJ targets [11]. - Mayo retains 100% ownership of three highly prospective properties totaling 145.6 sq. km in the Mayo-Keno area, which is known for its Intrusion Related Gold Systems [3][4]. Property Details - The Trail-Minto Property sale includes a 2% Net Smelter Return (NSR), with Banyan having the option to buy back 1% of the NSR for $1,000,000 [2][8]. - The Mayo-Keno area has seen increased exploration activity, with significant resources reported by other companies in the region, including Banyan Gold and Sitka Gold [3][8]. Future Opportunities - The financial relief from the sale allows Mayo to pursue additional advanced properties in the northern Yukon and Alaska, which were previously unattainable due to financial constraints [4][8]. - The company aims to leverage the funds from the private placement and property sale to enhance its exploration capabilities and potentially acquire more valuable projects [8][11].
Peruvian Metals Announces Encouraging Copper, Gold and Silver Results at its Aguila Norte Property in Northern Peru
TMX Newsfile· 2025-12-17 12:30
Edmonton, Alberta--(Newsfile Corp. - December 17, 2025) - Peruvian Metals Corp (TSXV: PER) (OTC Pink: DUVNF) ("Peruvian Metals" or the "Company") is pleased to announce that the Company plans a 2026 exploration program focused on the gold, silver and copper veins located in close proximity to its 80-per-cent-owned Aguila Norte processing plant ("Aguila Norte" or the "Plant") located in Northern Peru. The Company holds an environmental permit ("IGAC") granted by the Peruvian government that permits the Plan ...
Hannan Validates Kilometre-Scale Gold System at Previsto
TMX Newsfile· 2025-12-17 11:30
Vancouver, British Columbia--(Newsfile Corp. - December 17, 2025) - Hannan Metals Limited (TSXV: HAN) (OTC Pink: HANNF) ("Hannan" or the "Company") is pleased to announce new prospecting results from systematic field campaigns at the Previsto prospect at its 100% owned Valiente project in Peru. Channel sampling has confirmed continuous gold mineralization across a 1.2 km trend from Previsto Central to Mirador Creek, with high-grade structures now validated by multiple sampling methods.Key Points:Two signif ...
Element79 Gold Corp Files NI 43-101 Technical Report for Elephant Project in Nevada's Battle Mountain District
Thenewswire· 2025-12-16 21:05
Data support skarn/porphyry potential; drill-ready program outlinedVANCOUVER, BC - DECEMBER 16, 2025 – TheNewswire - Element79 Gold Corp. (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS0) ("Element79", the "Company") today announced the filing of an independent technical report (the “Report”) prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) for its Elephant Project, located in the prolific Battle Mountain Mining District, Nevada.The Report, authored by ...
Collective Mining Expands Ramp Zone by Drilling its Highest Grade Intercept Ever at Apollo: 24.80 Metres @ 29.42 g/t Gold Within 63.90 Metres @ 13.46 g/t Gold from 388.25 Metres
Prnewswire· 2025-12-16 21:01
Core Insights - Collective Mining Ltd. has reported significant assay results from the Ramp Zone, indicating a high-grade mineralization with the deepest and northeasternmost drill hole, APC143-D2, expanding the mineralized envelope to 315 metres along strike and 300 metres vertically, remaining open in all directions [1][3][4] Company Developments - The Ramp Zone is part of the Apollo system, which is a large, partially Reduced Intrusion Related System enriched in gold, silver, copper, and tungsten, with continuous mineralization outlined from surface to over 1,400 vertical metres [1][3] - The company has completed 154,500 metres of diamond drilling across its Guayabales and San Antonio projects, with 107,500 metres at the Apollo system, and has ten rigs currently operating [4][5] - The company is fully funded with US$135 million in cash as of December 1, 2025, for its planned 2026 drilling program targeting up to 100,000 metres of additional drilling [4] Drilling Results - Drill hole APC143-D2 intersected 24.80 metres at 29.42 g/t gold and 28 g/t silver within a broader mineralized zone of 63.90 metres at 13.46 g/t gold and 13 g/t silver, marking the highest-grade and largest grade accumulation intercept drilled to date in the Ramp Zone [3][5] - APC140-D3 extended the Ramp Zone by 100 metres below the previous westernmost intercept, cutting 14.65 metres at 3.03 g/t gold and 10 g/t silver within 54.35 metres at 1.47 g/t gold and 4 g/t silver [3][5] Geological Context - The Ramp Zone is classified as a reduced intrusion-related gold system, with geological similarities to the nearby Marmato Deeps deposit, but with significantly higher gold grades attributed to the host rock's porous breccia matrix [6][5] - The mineralization at Ramp Zone occurs with pyrite and pyrrhotite, accompanied by minor bismuth, tellurium, and locally arsenopyrite-bearing sulphides, hosted in veinlet stockworks and cracks [5][6] Future Prospects - The company plans to ramp up drilling aggressively into 2026, with three deep-capacity diamond rigs currently operating at the Ramp Zone and two additional rigs contracted for arrival in mid-Q1 2026 [9]
Results from Soil Sampling Program at the South Hedley Project in B.C. Enhances Copper - Gold Potential
Thenewswire· 2025-12-16 15:05
Core Insights - Adamera Minerals Corp. has reported significant analytical results from soil samples at the Max Prospect within the South Hedley copper-gold property, indicating high gold values and a new copper anomaly [1][6][9]. Exploration Results - The soil sampling program identified numerous high gold values, extending the gold anomaly further east and south, with the highest gold value recorded at 1.61 g/t at an elevation of approximately 1,410 m [6][9]. - A new copper anomaly has been identified with values ranging from 100 ppm to 1,450 ppm, outlining a coherent copper anomaly that partially overlaps with gold values [10][6]. - The results suggest a probable structural window as the source of copper and gold, indicating potential mineralization beneath the volcanic tuff unit that masks underlying anomalies [3][6]. Geological Context - The geological model indicates that the tuffaceous volcanic unit covers altered rocks containing copper-gold mineralization, with soil samples above this unit showing low metal values [5][3]. - Observations of pervasive brecciation, alteration, and quartz veining in nearby outcrops support the presence of a mineralizing system at and below the defined elevation [11][12]. Future Exploration Plans - The company plans to conduct a full review of copper results surrounding the Max Prospect and is preparing applications for drill permits for immediate submission [15]. - The integration of soil geochemistry and elevation control provides a clear path for ongoing exploration, potentially leading to the discovery of concealed skarn or porphyry targets [13][12]. Company Overview - Adamera Minerals Corp. is focused on exploring high-grade gold and base metal deposits in Canada and the USA, with projects in Washington and British Columbia [16]. - The South Hedley property is strategically located within an established mineral belt, near significant historical mining sites [16].