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Maxus Mining Engages Convolutions Geoscience to Advance Geophysical Targets Across Critical Minerals Properties
Globenewswire· 2025-12-16 13:00
Core Insights - Maxus Mining Inc. has engaged Convolutions Geoscience Corp. for strategic geophysical targeting across its 15,098-hectare portfolio of critical minerals properties in British Columbia [1][3] - The engagement aims to refine and generate high-priority exploration targets, enhancing the company's exploration programs [2][3] Company Overview - Maxus Mining Inc. is focused on locating, acquiring, and advancing economic mineral properties in premier jurisdictions, with a diversified portfolio totaling approximately 15,098 hectares in British Columbia [4] - The portfolio includes significant projects such as the Alturas Antimony Project, which has reported high-grade antimony up to 69.98% Sb, and the Penny Copper Project, which has over 100 years of recorded exploration [5][6] Strategic Engagement - Kyle Patterson, founder of Convolutions, will lead the detailed interpretation of the Mobile Magnetotelluric survey at the Penny Copper Project, integrating various datasets to improve target refinement [2][3] - This collaboration is expected to enhance Maxus's ability to interpret complex geological data and guide future exploration efforts in a disciplined, data-driven manner [3]
Brixton Metals Reports the Balance of its 2025 Drill Results at the Trapper Gold Target
Globenewswire· 2025-12-16 12:30
VANCOUVER, British Columbia, Dec. 16, 2025 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) (the “Company” or “Brixton”) is pleased to announce updated and complete assay results from the Trapper Gold Target at its wholly owned Thorn Project in northwestern British Columbia. This release includes multi-element results for all remaining holes from the 2025 campaign, as well as updated intervals for previously reported drill holes where only gold was disclosed. A total of 6272m was dr ...
TDG Gold Delivers Transformational 2025 and Advances 2026 Growth Strategy with a Strong Treasury
Globenewswire· 2025-12-16 12:00
Core Insights - TDG Gold Corp. has achieved significant operational, financial, and exploration milestones in 2025, setting a strong foundation for growth in 2026 [1][2][18] Group 1: Operational and Financial Achievements - The company experienced over 600% year-over-year appreciation in share price, reflecting increased investor recognition of its exploration success and asset expansion [3] - Key achievements included the discovery at Aurora West and the strategic acquisition of the Anyox Copper Project, which enhanced the company's asset quality and market profile [2][6] - TDG executed an aggressive exploration campaign with up to five drill rigs operating concurrently, and expects to enter 2026 with a treasury exceeding C$20 million [7][18] Group 2: Aurora West Discovery - The Aurora West discovery involved the identification of gold-silver-copper mineralization, with over 600 meters of continuous high-tenor mineralization outlined [4][5] - The Phase I drill program confirmed a meaningful extension of the mineralized system onto TDG's ground, with 22 drill holes totaling approximately 14,400 meters completed [8] - Significant drill results included an intercept of 1.38 grams per tonne Au, 0.27% Cu, and 1.6 g/t Ag over 201.0 meters, located just 200 meters south of the company's tenure [9] Group 3: Anyox Project Development - The Anyox Copper Project acquisition provides exposure to a historically high-grade copper district with limited modern exploration since 1936 [6][14] - In 2025, TDG conducted a deep-penetrating surface geophysical survey at the Hidden Creek Mine, identifying new anomalies at depth [15] - Drilling of high-priority targets at Anyox is scheduled to commence in January 2026, with an initial program of approximately 3,000 meters planned [17] Group 4: Strategic Growth Plans for 2026 - The company plans to accelerate growth at the Shasta Deposit, which currently hosts indicated resources of 515.8 thousand ounces of gold equivalent at an average grade of 1.35 g/t AuEq [12][13] - The Shasta project is part of a broader strategy to expand resources within the Greater Shasta-Newberry Project, which has numerous untested near-surface targets [12][18] - TDG's strategy remains focused on disciplined capital deployment and systematic exploration to unlock the full potential of its gold and copper portfolio [18]
New Earth Resources Announces Exploration Plans on its Past-Producing Lucky Boy Uranium Project
Globenewswire· 2025-12-16 08:01
Core Viewpoint - New Earth Resources Corp. is initiating exploration activities at its Lucky Boy Uranium Project in Arizona to enhance understanding of uranium mineralization [1][3] Exploration Activities - The exploration program will include geological mapping, geochemical surveys, and scintillometer surveys to assess potential uranium resources and define geological features [2][8] - The exploration is set to commence in January 2026, with updates expected in the coming months [3] Financial Activities - The company is increasing its flow-through private placement from 2,222,222 to 2,444,444 units at a price of $0.45 per unit, aiming for gross proceeds of up to $1,100,000 [4] - Each flow-through unit will consist of one share and one warrant, allowing the purchase of one share at $0.60 for 36 months [4] Company Overview - New Earth Resources Corp. is a Canadian mineral exploration company focused on acquiring and developing uranium projects, with its flagship project being the Lucky Boy Uranium Property [5] - The Lucky Boy Project consists of 14 lode claims covering approximately 273 acres and has a history of uranium production in the 1950s and 1970s [5] Additional Projects - The company has options to acquire interests in additional claims, including the SL Project in Quebec, which is prospective for rare earth elements, and the Red Wine Rare Earth Project in Labrador [6]
Algo Grande Copper Secures Over $3.8 Million in Oversubscribed Subscription Receipt Financing
TMX Newsfile· 2025-12-16 00:11
Core Viewpoint - Kenadyr Metals Corp., soon to be renamed Algo Grande Copper Corp., has successfully closed the third tranche of a non-brokered private placement, raising a total of $3,824,400 for the acquisition of the Adelita Project and related expenses [1][4]. Group 1: Private Placement Details - The third tranche involved 2,314,701 subscription receipts priced at $0.375 each, generating gross proceeds of $868,012.88 [1]. - The total amount raised from the private placement, including previous tranches, is $3,824,400 [1]. - Each subscription receipt will convert into one common share upon meeting certain escrow release conditions, including the completion of the Proposed Transaction and TSXV approval [2]. Group 2: Use of Proceeds - Proceeds from the offering will be allocated to exploration expenses, property payments for the Adelita Project, salaries, consulting fees, marketing, investor relations, and general administrative expenses [4]. - The company has received conditional approval from the TSXV for the Proposed Transaction, expected to close around December 16, 2025 [4]. Group 3: Finder's Fees and Warrants - In connection with the third tranche, Kenadyr paid cash finder's fees of $10,500 and issued 84,000 finder's warrants, each exercisable at $0.375 for two months [3]. - Additionally, 56,000 common shares will be issued to an arms-length finder as part of the finder's fee settlement [3]. Group 4: Technical Report - Kenadyr has filed an independent technical report for the Adelita Project, dated August 15, 2025, prepared by a qualified person [7][8]. - The report is available on SEDAR+ and provides insights into the project's potential [8]. Group 5: Company Overview - Kenadyr Metals Corp. is focused on advancing the Adelita Project, which is located in the Arizona-Sonora copper belt and encompasses 5,985 hectares [9][10]. - The project features a high-grade skarn discovery and potential for a porphyry system, indicating significant mineralization opportunities [10].
Ivanhoe Electric Closes $200 Million Bank Credit Facility to Support Santa Cruz Copper Project Development
TMX Newsfile· 2025-12-15 21:30
Core Viewpoint - Ivanhoe Electric has successfully closed a $200 million senior secured multi-draw bridge facility to support the Santa Cruz Copper Project in Arizona, enhancing its financial position during ongoing project financing discussions [1][2]. Financing Details - The bridge facility is a crucial part of Ivanhoe Electric's long-term financing strategy for the Santa Cruz Copper Project, providing immediate balance sheet strength and funding for major construction activities set to begin in 2026 [2]. - The facility complements ongoing discussions for broader project financing, which may include project-level minority equity investment and long-term project debt [2]. - Ivanhoe Electric has received a Letter of Interest from the U.S. Export-Import Bank for $825 million in project debt, with the full application currently in process [2]. Key Terms of the Bridge Facility - The bridge facility has a two-year maturity term with a single repayment at maturity [10]. - The borrowing rate is based on the three-month Secured Overnight Financing Rate plus a margin of 5.0%, increasing by 0.5% at specified intervals, with an approximate rate of 8.7% on drawn amounts as of the announcement date [10]. - The facility is secured by Ivanhoe Electric's private land holdings and certain physical assets associated with the Santa Cruz Copper Project [10]. Company Overview - Ivanhoe Electric is focused on developing mines from mineral deposits primarily located in the United States, aiming to support American supply chain independence by delivering critical metals [4]. - The company utilizes advanced technologies, including the Typhoon™ geophysical surveying system and data analytics from its subsidiary, to enhance mineral exploration efforts [4]. - Ivanhoe Electric is also engaged in a joint venture with Saudi Arabian Mining Company to explore minerals in the Arabian Shield and has established an exploration alliance with BHP Mineral Resources Inc. for critical minerals in the U.S. [4].
Taranis Summarizes 2025 Surface Exploration Efforts; New Discoveries Demonstrate the Thor Deposit Remains Open In At Least Three Directions
Accessnewswire· 2025-12-15 20:05
Core Viewpoint - Taranis Resources Inc. is actively working to expand the Thor epithermal deposit beyond the current Mineral Resource boundaries [1] Group 1 - The company is providing an update on its exploration activities at the Thor Silver Deposit [1] - Taranis Resources Inc. is focused on growth opportunities in the Thor project [1]
SILVER GOLD STOCK KINGSMEN (TSXV: KNG) REPORTS HIGH GRADE GOLD SAMPLES ON SOUTH BLOCK OF ITS GOLD/SILVER ALMOLOYA PROJECT IN THE PARRAL MINING DISTRICT, CHIHUAHUA
Investorideas.com· 2025-12-15 15:03
Core Viewpoint - Kingsmen Resources Ltd. has reported high-grade gold samples from its Almoloya project in the Parral mining district of Chihuahua, Mexico, indicating significant exploration potential and the presence of a robust mineralization system [3][6][15]. Group 1: Project Overview - The Almoloya project is 100% owned by Kingsmen and is located 30 km west of the Las Coloradas silver project, encompassing historically significant mines such as Cigarrero and Las Juliettas [3][15]. - The project represents a consolidation of previously fragmented claims, providing a contiguous land package with extensive historical data available for future exploration [13][15]. Group 2: Sampling Results - A total of 527 samples were collected from historic underground workings and surface samples, revealing significant gold values over approximately 500 meters [4][6]. - Notably, one sample returned a high grade of over 34.1 g/t gold over 0.5 meters, with additional samples showing values ranging from 1.14 to 5.9 g/t and 0.13 to 1.02 g/t gold [6][10]. - The presence of structurally controlled high-grade gold mineralization at the Juliettas prospect suggests high exploration potential, with ongoing sampling planned for the South Block [6][15]. Group 3: Geological Characteristics - The identified structures range from 50m to 400m in length, up to 1.2m wide, and extend to depths of 200m, with gold mineralization associated with various minerals including calcite, dolomite, and pyrite [4][6]. - The host rock is primarily limestone, exhibiting moderate to strong marbling and recrystallization, which is conducive to mineralization [4][6]. Group 4: Company Strategy and Future Outlook - The company aims to leverage the high gold values from the Almoloya project to identify new targets and drive growth and value creation for shareholders [6][15]. - Kingsmen Resources is focused on unlocking the potential of its two 100%-owned precious-metal districts, with both projects situated in a historically productive silver belt [15].
CopAur Commences Geologic Mapping and Rock Geochemical Field Program at Troy Canyon
TMX Newsfile· 2025-12-15 14:00
Core Viewpoint - CopAur Minerals Inc. has engaged APEX Geoscience Ltd. to conduct a field-based program at the Troy Canyon property in Nevada, focusing on geological mapping and surface rock geochemical sampling to advance exploration efforts [1][4]. Group 1: Project Overview - The Troy Canyon gold-silver project is located in the Grant Range of eastern Nye County, Nevada, covering 493 hectares with 59 contiguous unpatented mineral claims [3]. - High-grade gold mineralization is found within massive quartz veins and breccias, with significant exposure along the contact between limestone and quartz monzonite [3]. Group 2: Exploration Program - The fall 2025 exploration program aims to follow up on previous high-grade gold-silver assays, with new surface rock samples and detailed geological mapping to inform diamond drill hole planning [4]. - Initial geological observations indicate mineralized quartz vein localization along the sheared contact of the Troy pluton, suggesting potential continuity related to fold axes in the overlying Cambrian limestone and shale [5]. Group 3: Historical Context and Future Plans - The Troy Canyon property includes the past-producing Locke Mine, which operated in the late 1940s with reported gold grades exceeding 10 grams/tonne [6]. - The current field reconnaissance is intended to support a permitting program in 2026, allowing for a diamond core drill program to commence in late 2026 or early 2027 [6]. Group 4: Stock Options - The Board of Directors has approved the grant of 1,000,000 stock options to various stakeholders, exercisable at $0.15 per share for five years [9].
Kingsmen Reports High Grade Gold Samples on South Block of Its Gold/Silver Almoloya Project in the Parral Mining District, Chihuahua
TMX Newsfile· 2025-12-15 13:30
Core Insights - Kingsmen Resources Ltd. has reported initial results from its surface sampling program at the Almoloya gold-silver project, indicating significant gold mineralization and exploration potential [1][5]. Project Overview - The Almoloya project is a 100% owned gold-silver project located 30 km west of the Las Coloradas silver project in Parral, Chihuahua, Mexico, consolidating claims into a contiguous land package [1][11]. - The project includes historically significant mines, Cigarrero and Las Juliettas, and has not seen systematic exploration since the early 2000s, leaving substantial potential untapped [11]. Sampling Results - A total of 527 samples were collected from historic underground workings and surface samples, revealing two long N-trending structures and local NW-trending structures, with lengths ranging from 50m to 400m and widths up to 1.2m [2]. - Significant gold values were reported over approximately 500 meters, with 28 samples exceeding 6.16 g/t gold, and 82 samples ranging from 1.14 to 5.9 g/t gold [4][9]. Notable Findings - The highest gold assay recorded was over 34.1 g/t gold over a 0.5m interval, confirming the expansive mineralization system at Almoloya [5]. - The presence of structurally controlled high-grade gold mineralization at the Juliettas prospect indicates high exploration potential, with ongoing sampling planned for the South Block [5]. Company Background - Kingsmen Resources is focused on exploring its two 100%-owned precious-metal districts, Las Coloradas and Almoloya, both located in a historically productive silver belt in Mexico [14]. - Recent drilling at Las Coloradas has confirmed new zones of high-grade mineralization, highlighting the potential for multiple parallel structures across a 4.5-kilometer trend [14].