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Azimut Defines Antimony-Gold Zone over 1.8 km Strike and 250 m Depth, Open in All Directions, on the Wabamisk Property, James Bay, Québec
Globenewswire· 2025-10-23 10:30
Core Insights - Azimut Exploration Inc. is advancing its diamond drilling program on the Fortin antimony-gold zone, which is becoming one of the largest antimony-bearing systems in Canada [1][2][3] Company Developments - The Fortin Zone has been traced over a length of 1.8 kilometers and to a vertical depth of 250 meters, remaining open in all directions [2][3] - The company has drilled 86 holes totaling 12,286 meters since the discovery in 2024, with plans to resume drilling early next year, starting with an initial 5,000 meters [3][4] - Recent assay results from 28 of the 35 drill holes indicate significant antimony and gold grades, with notable results including 0.89% Sb and 0.65 g/t Au over 41.9 meters in hole WS25-67 [4][5] Geological Context - The mineralized system is associated with a massive albitic stratiform hydrothermal alteration zone, with evidence of strong albitic alteration and mineralization occurring along the southern sheared contact with less altered metasedimentary host rocks [8][9] - The Fortin Zone is located along a major tectono-metamorphic boundary, which is recognized as prospective for gold, similar to the Eleonore gold deposit [8][9] Market Context - The price of antimony has surged to US$56,000 per tonne due to supply shortages, particularly following China's export restrictions, which have significantly impacted global supply [9] - Antimony is classified as a critical mineral by Canadian and American governments, with China, Tajikistan, and Russia accounting for approximately 90% of global production [9] Property Overview - The Wabamisk Property, wholly owned by Azimut, comprises 673 claims covering 356 square kilometers, with strategic positioning in the James Bay region [10][11] - The adjacent Wabamisk East Property has been optioned to Rio Tinto for its lithium potential, enhancing the strategic value of the area [10]
Apex Files Permit Applications to Advance Exploration at Rift REE Project, Nebraska
Accessnewswire· 2025-10-22 21:25
Core Viewpoint - Apex Critical Metals Corp. has initiated the permitting process for exploration activities at its Rift Project in Nebraska, marking a significant step forward for the company [1] Company Summary - The Rift Project is located within the Elk Creek Carbonatite Complex in southeastern Nebraska, U.S.A. [1] - The initial permit applications are a crucial milestone for advancing the Rift Project [1] - Historical mineralization of rare earth elements (REE) and niobium has been documented at the site by previous operators, including Molycorp and Quantum Rare Earth Developments [1]
Hercules Metals Intersects 273 m of 0.60% Copper, within 379 m of 0.50% Copper, Including 35 m of 1.01% Copper and 6.2 g/t Silver at the Leviathan Porphyry System
Newsfile· 2025-10-22 11:01
Core Insights - Hercules Metals Corp. reported significant drilling results from its 2025 campaign at the Leviathan porphyry copper discovery, indicating long intervals of continuous copper mineralization and notable silver presence [1][2][3] Drilling Results - Drill hole HER-25-05 intersected 273 meters of 0.60% copper, 77 ppm molybdenum, and 1.8 g/t silver, within a broader interval of 379 meters averaging 0.50% copper [3][4] - Drill hole HER-25-03 intersected 256 meters of 0.44% copper, 85 ppm molybdenum, and 0.9 g/t silver within 452 meters averaging 0.37% copper [3][4] - The mineralization begins at a true depth of just 110 meters below the surface in HER-25-05, indicating a shallower depth of significant mineralization [4][5] Exploration Model - A new 3D exploration model is driving positive results, allowing for systematic drilling and identification of high-grade mineralization [4][5] - The company is employing a fence-based drilling strategy to delineate the highest-grade mineralization across 200-meter spaced drill fences [8][5] Silver Potential - Recent increases in silver prices have renewed interest in the potential for the Leviathan project to be viewed as a larger-scale open-pit target, combining deeper porphyry mineralization with widespread low-grade silver in the cover rock [4][8][13] - Historical drilling data indicated extensive silver mineralization within the Hercules Rhyolite unit, which is now considered cover rock above the Leviathan porphyry [13][15] Future Catalysts - Assay results are pending for an additional seven completed drill holes, with ongoing drilling and sample shipments [4][5] - The company plans to evaluate the prospect of initiating a maiden mineral resource estimate by the end of the 2025 campaign after completing six drill fences [8][5] Company Overview - Hercules Metals Corp. is focused on developing the Leviathan porphyry copper system in Idaho, which is considered one of the most significant new discoveries in the region [26][27] - The company is well-positioned for growth, supported by strategic investments and a proven track record in precious metals projects [27][28]
Sun Summit Announces the Completion of the Inaugural 2025 Exploration Program at the Theory Project, Toodoggone Mining District
Newsfile· 2025-10-22 11:00
Sun Summit Announces the Completion of the Inaugural 2025 Exploration Program at the Theory Project, Toodoggone Mining DistrictOctober 22, 2025 7:00 AM EDT | Source: Sun Summit Minerals Corp.Vancouver, British Columbia--(Newsfile Corp. - October 22, 2025) - Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) ("Sun Summit" or the "Company") is pleased to announce the 2025 exploration program has been completed at the Theory Project, Toodoggone Mining District, north-central British Columbia (t ...
Intrepid Metals Intersects 177.25m of 0.58% Copper Equivalent from Ringo Zone at Corral Copper
Newsfile· 2025-10-22 11:00
Core Insights - Intrepid Metals Corp. has reported significant assay results from the Ringo Zone at its Corral Copper Property, indicating a promising copper exploration opportunity [1][2][3] Summary by Sections Company Overview - Intrepid Metals Corp. is focused on exploring high-grade essential metals such as copper, silver, and zinc in southeastern Arizona, USA [18] - The company is traded on the TSX Venture Exchange under the symbol "INTR" and on the OTCQB under "IMTCF" [18] Exploration Results - The recent drilling results from holes CC25_041 and CC25_042 show 177.25 meters of 0.58% Copper Equivalent (CuEq) from CC25_041 and additional significant intercepts from CC25_042 [3][11] - CC25_041 includes a notable section of 13.00 meters at 2.20% Cu, 0.84 gpt Au, and 4.46 gpt Ag, equating to 2.76% CuEq [3][11] - CC25_042 shows 47.85 meters of 0.63% CuEq, including 11.35 meters at 1.31% CuEq [8][11] Geological Context - The Corral Copper Property is located near historical mining areas, with a mining history dating back to the late 1800s [15][16] - The property is situated 15 miles east of Tombstone and 22 miles north of the Bisbee mining camp, which has produced over 8 billion pounds of copper [15][16] Technical Validation - The drilling data has been verified by a qualified person, ensuring the accuracy and reliability of the assay results [4][5] - Quality assurance protocols are in place, including the use of standards and blanks during sampling [14] Future Potential - The company believes that the ongoing exploration and the scale of the mineralization at Corral represent a rare opportunity to create significant shareholder value and attract major industry interest [2][17]
Golden Spike Intersects Wide Zone of Low-Grade Gold-Zinc-Copper Mineralization at Gregory River
Newsfile· 2025-10-22 11:00
Vancouver, British Columbia--(Newsfile Corp. - October 22, 2025) - Golden Spike Resources Corp. (CSE: GLDS) (OTCQB: GSPRF) (FSE: L5Y) ("Golden Spike" or the "Company") is pleased to announce the drill results from the recently completed Winkie drilling on its 100%-owned Gregory River Copper-Gold Property ("the Property"), located in western Newfoundland.Selected highlights from the drill hole analytical results include:Lower Mitchell Target0.68 grams per tonne ("g/t") gold equivalent* ("AuEq") over 29.45 m ...
Cabral Gold Drills 23m @ 4.7 g/t gold at the PDM target, Cuiú Cuiú Gold District, Brazil
Newsfile· 2025-10-22 10:30
Core Viewpoint - Cabral Gold Inc. has reported promising drill results from the PDM target in the Cuiú Cuiú Gold District, indicating the presence of high-grade gold structures and potential for resource expansion [3][4][7]. Group 1: Drill Results - Diamond drill hole DDH346 intersected 23.3m at 4.7 g/t gold from a depth of 57m, including high-grade intervals of 1m at 91.3 g/t and 1m at 8.1 g/t gold [7][12]. - The mineralized zone remains open at depth and along strike, suggesting continuity of high-grade mineralization [15]. - Previous drill results from the PDM target have shown significant gold grades, including 22.4m at 4.8 g/t and 18.0m at 2.5 g/t [9][10]. Group 2: Resource Expansion - Recent drilling has expanded the surface area of the gold-in-oxide mineralized blanket at PDM by 50%, from 0.26 km² to 0.39 km² [10]. - The company plans additional drilling to assess the size of the hard rock gold resource at PDM, which is located only 2.5km from the Central gold deposit [3][4]. - The PDM target is part of a larger northwest-trending gold-in-soil anomaly that has been traced for over 5km [5]. Group 3: Financial and Operational Context - The recent drill results follow the announcement of a US$45 million construction financing for Phase 1 operations at Cuiú Cuiú, aimed at heap leach processing of near-surface gold-in-oxide material [4]. - The company has a 100% interest in the Cuiú Cuiú gold district, which contains significant indicated and inferred resources [21][22].
DLP Resources Intersects 130m of 0.50% CuEq* within a 927.45m Interval of 0.31% CuEq*, on the Aurora Project
Newsfile· 2025-10-22 10:00
DLP Resources Intersects 130m of 0.50% CuEq* within a 927.45m Interval of 0.31% CuEq*, on the Aurora ProjectOctober 22, 2025 6:00 AM EDT | Source: DLP Resources Inc.Cranbrook, British Columbia--(Newsfile Corp. - October 22, 2025) - DLP Resources Inc. (TSXV: DLP) (OTCQB: DLPRF) (FSE: J8C) ("DLP" or the "Company") announces receipt of complete drill results for drillholes A25-023 and A25-024 on the Aurora porphyry copper-molybdenum-silver project in southern Peru. (Figure 1). The Company is unde ...
Romios Begins New Round of Fieldwork on the Kinkaid Copper-Gold-Silver Project, Walker Lane Trend, Nevada
Newsfile· 2025-10-21 11:30
Toronto, Ontario--(Newsfile Corp. - October 21, 2025) - Romios Gold Resources Inc. (TSXV: RG) (OTCID: RMIOF) (FSE: D4R) ("Romios Gold" or the "Company") is pleased to announce that is has begun a 10-day field program of detailed geological mapping and sampling to follow up significant gold assays returned earlier this year from newly discovered epithermal gold-silver zones at the PM Skarn and Bismark Hill sites on the Company's 100% owned, road-accessible Kinkaid project in the Walker Lane trend of western ...
Kodiak Copper expands MPD project in British Columbia
Yahoo Finance· 2025-10-21 11:13
Core Insights - Kodiak has agreed to acquire a 13.1km² claim package from Eagle Plains Resources, expanding its landholdings in the MPD project to 357km² [1] - The acquisition includes the Ketch claim block, which is strategically located next to the Ketchan deposit, indicating potential for further mineralization [1][2] - The company has initiated a 2,000-sample soil geochemical program targeting historical showings and new AI targets, with completion expected in November 2025 [1] Acquisition Details - The Ketch claim package will be acquired for 300,000 shares and a 2% net smelter return royalty, with an option to buy back 1% for $1.75 million (C$2.46 million) [4] - The agreement is subject to approval by the TSX-Venture Exchange [4] Project Potential - The Ketchan deposit, which has been drilled over an area of 1,800m x 500m, is a key component of the initial mineral resource estimate for MPD [2] - The newly acquired claims will allow Kodiak to expand operations in MPD Northwest, which features 24 known mineral occurrences, including six with significant porphyry-related copper-gold mineralization [5] - The initial resource estimate for the first four mineralized zones is expected in 2025, highlighting the project's potential [5][6] Strategic Vision - Kodiak's strategy to consolidate the MPD district over the past seven years has been crucial in generating the critical mass needed for the project [3] - The acquisition of the Ketch claim package is viewed as a logical next step to potentially extend the Ketchan deposit [4]