Gold Exploration
Search documents
GFG Delivers Broad Gold Intercept of 1.01 g/t Au over 51.5 m including 6.36 g/t Au over 5.0 m and Advances Discovery Driven District-Scale Exploration at Goldarm
Globenewswire· 2026-01-21 12:00
Core Insights - GFG Resources Inc. has reported significant progress in its Phase 2-2025 drill program at the Aljo Gold Project, confirming and expanding mineralization across multiple zones [1][2][4] Exploration Program - The Phase 2-2025 drill program consisted of 12 holes totaling 2,650 meters, aimed at confirming and expanding mineralization in the Main, Hangingwall (HW), and Footwall (FW) Zones [1][2] - Infill drilling confirmed continuity of high-grade gold mineralization in the Main and HW Zones, while deeper drilling expanded the FW system and discovered a new FW zone, FW4 [2][4] Results Highlights - Notable drill results include: - ALJ-25-036: 1.01 grams of gold per tonne (g/t Au) over 51.5 meters, including 6.36 g/t Au over 5.0 meters, indicating strong continuity below historical mine workings [6][20] - ALJ-25-035: 10.45 g/t Au over 2.1 meters, including 22.90 g/t Au over 0.9 meters, confirming the HW system remains open to the west [6][19] - ALJ-25-032: 3.68 g/t Au over 4.5 meters, including 17.40 g/t Au over 0.5 meters, with visible gold [6][15] Future Plans - The company is well-financed and plans to advance an aggressive exploration program in 2026, focusing on both the Aljo Gold Project and broader Goldarm Property [5][12] - The exploration strategy includes systematic diamond drilling, step-out testing, and a regional exploration program across priority corridors [5][8] Geological Insights - The drilling results indicate strong structural and grade continuity within the HW and Main Zones, with multiple intercepts associated with visible gold [13][26] - The FW system has been shown to be more extensive than previously recognized, with mineralization traced over a strike length approaching 200 meters [22][25] Regional Exploration - GFG is conducting a district-scale regional exploration program, including a 90-hole sonic drilling initiative focused on systematic base-of-till and top-of-bedrock sampling [8][9] - The regional exploration aims to evaluate gold potential across a ~15 km strike length of the Pipestone Fault and associated corridors [8][10]
Goliath Resources Selected For Core Shack, AME Roundup 2026 – Booth #1026C, Also Attending VRIC – Booth #131 And Metals Investors Forum In Vancouver
Globenewswire· 2026-01-14 11:14
Core Insights - Goliath Resources Limited is focused on expanding its high-grade gold Surebet Discovery at the Golddigger Property, which spans 91,518 hectares in the Eskay Rift, British Columbia, near significant historical gold mines [1][11] - The company has completed over 150,000 meters of diamond drilling, confirming a 1.8 square kilometer area with multiple mineralized zones and high-grade gold [2][12] - Goliath is actively participating in several mining conferences in January 2026 to showcase its discoveries and engage with investors [3][5][6] Company Overview - Goliath Resources is an explorer of precious metals in the Golden Triangle of Northwestern British Columbia, with all projects in high-quality geological settings [17] - The Surebet discovery has shown good metallurgy with gold recoveries of 92.2%, including 48.8% free gold from gravity alone, indicating no deleterious elements present [2][12] - The Golddigger Property is strategically located near communities with existing infrastructure, including a permitted mill site and direct barge access to Prince Rupert [13][14] Infrastructure and Support - The property benefits from proximity to the Dolly Varden Silver Mine Road and access to major transportation routes, enhancing logistical capabilities for mining operations [14] - Goliath is a member of CASERM, a research center focused on advancing mining science, which has supported research on the Surebet Discovery [15][17] - The company completed its largest drill campaign in 2025, totaling 64,364 meters, and is fully funded for a similar program in 2026 [18]
Toogood Gold Reports Final Drilling Assays, with All Holes Reporting Gold, Including First 3 of 3 Holes at Mélange Contact
TMX Newsfile· 2026-01-13 12:00
Core Insights - Toogood Gold Corp. has reported significant advancements in its drilling program at the Toogood Gold Project, confirming the presence of a district-scale gold-bearing trend [3][4][6] - The 2025 drilling program has expanded the mineralized felsic dyke at Quinlan by 75% along strike and 100% down-dip, with all 30 drill holes intersecting gold [5][8] - The Mélange Contact has been validated as a new target corridor, with a 100% hit rate of gold-bearing mineralization in the initial three drill holes [6][8] Management Commentary - CEO Colin Smith emphasized the importance of the 2025 drilling results, which confirm the Mélange Contact as a significant gold-bearing trend extending over 15 km [3] 2025 Drill Program Overview - The program consisted of 1,999 meters drilled across 33 diamond drill holes from July to September 2025, aimed at expanding the Quinlan gold system and testing the Mélange Contact for the first time [4] - At Quinlan, all 30 holes reported gold, with visible gold found in 10 holes, indicating a continuous mineralized system [5][8] Results from Quinlan - The drill-confirmed scale of the Quinlan dyke has increased to approximately 350 meters in strike length and 240 meters down-dip, with mineralization remaining open in all directions [5][8] - The strongest intercept at Quinlan was 29.31 meters at 2.20 g/t Au, establishing a high-priority trend for future drilling [8] Mélange Contact Findings - The initial drilling at the Mélange Contact returned gold in all three holes, supporting the hypothesis of a previously untapped, district-scale target [6][8] - The results from the Mélange Contact open up over 15 km of largely undrilled prospective trend for systematic follow-up exploration [6][8] Future Exploration Plans - The company plans extensive systematic exploration throughout the Mélange trend, including soil sampling and detailed structural mapping to refine future drill targets [8]
Forty Pillars To Option Drill-Ready Golden Link Project In Newfoundland Gold Belt
Thenewswire· 2026-01-08 21:10
Core Insights - Forty Pillars Mining Corp. has entered into an agreement to acquire 100% of the Golden Link Project located in the Central Newfoundland Gold Belt, a region known for its gold mineralization [1][28]. Project Overview - The Golden Link Project consists of two contiguous mineral licenses covering approximately 36.25 km², situated about 21 km north of Gander, Newfoundland, with accessible road infrastructure [2]. - The project is located along a proven gold-bearing structural corridor, specifically the Dog Bay Line, which is associated with significant orogenic gold mineralization in the region [2]. Exploration Potential - Independent regional geochemical studies have identified coherent gold-in-till anomalies along a 25 km structural corridor, with a high-priority target within the Golden Link Project area [2]. - A modern high-definition Alpha IP survey conducted in 2024 has outlined 69 chargeability anomalies, including 16 first-priority and 34 second-priority targets, many extending beyond 300 meters in depth [2][20]. - The convergence of regional geochemical anomalies and high-priority IP responses enhances confidence in the project's exploration potential [2]. Historical Context and Validation - The Golden Link Project has not undergone any historical drilling, leaving all identified targets untested, which positions the project for systematic exploration and drill testing [2]. - Recent exploration successes by Newfound Gold Corp. in the region, including a positive Preliminary Economic Assessment (PEA), validate the prospectivity of the district and support the potential for large-scale economically viable gold systems [2][27]. Technical Foundation - The entire project area is covered by a high-resolution LiDAR and orthophoto survey completed in 2023, providing a consistent digital elevation model that supports exploration planning and interpretation [6][9]. - The survey enhances the effectiveness of structural mapping and integration with geophysical and geochemical datasets, which is critical for advancing gold exploration projects [9]. Transaction Details - The agreement for the acquisition involves the issuance of 17,500,000 common shares and the assumption of $200,000 in liabilities, with a voluntary hold period of six months for the shares [28]. - The company will also make cash payments and share issuances as part of the option agreement to earn a 100% interest in the project [29][34].
Onyx Gold Discovers New High-Grade Vein Zone at the C Zone, Munro-Croesus Project
TMX Newsfile· 2026-01-06 12:00
Core Insights - Onyx Gold Corp. has reported new surface assay results from its Munro-Croesus Project, indicating significant potential for high-grade gold discoveries [1][2][3] Group 1: Project Overview - The Munro-Croesus Project is located 75 km east of Timmins, Ontario, and encompasses a large land package that includes the historic Croesus Gold Mine [1][21] - The project covers 109 km² of highly prospective geology within a major gold-bearing structural area, enhancing its exploration potential [21][22] Group 2: C Zone Discovery - The C Zone, a new high-grade gold target, has returned assay results of up to 124 grams per tonne gold over 0.62 meters, highlighting its potential for further exploration [2][5][7] - The C Zone is characterized by quartz vein and stockwork mineralization within a broader zone of alteration, indicating a significant new target for follow-up drilling [6][7][12] Group 3: Exploration Strategy - The company is implementing modern geological techniques to systematically explore historically underexplored areas of the Munro-Croesus Project, which were previously evaluated sporadically [5][3] - A fully funded 75,000-meter drill program is underway, aimed at advancing discoveries and testing high-impact regional targets, including the C Zone [5][20][18] Group 4: Financial Position - Onyx Gold Corp. has approximately $30 million in treasury, positioning the company well to continue its exploration efforts and advance its projects [5][20]
K2 Gold Delivers Transformational Year in 2025
TMX Newsfile· 2025-12-22 11:00
Core Insights - K2 Gold Corporation has achieved significant milestones in 2025, positioning itself for a high-impact exploration phase in 2026, particularly at its Mojave Project in California [1][2][3]. Milestones and Achievements - The company published the Final Environmental Impact Statement (FEIS) for the Mojave Exploration Drilling Project, marking a critical federal permitting benchmark [4][5]. - K2 secured 100% ownership of the Mojave Project, enhancing its strategic and operational control [6]. - The company completed an agreement to acquire 100% interest in the Si2 Project in Nevada, further expanding its portfolio [7][8]. Exploration and Technical Developments - K2 has refined multiple high-grade, near-surface gold targets at Mojave, including the Dragonfly Zone, which reported 86.9 meters of 4.0 g/t Au [9][10]. - The Eastern Target Area showed promising results with channel samples of 3.78 g/t Au over 43 meters, indicating a greater than 5-kilometer-long structural corridor with multiple high-grade targets [11][12]. Financial Position - The company strengthened its balance sheet in 2025, achieving a total treasury of approximately $10.5 million by year-end through oversubscribed financings and the exercise of over 40 million warrants [13][14]. Future Outlook - With permitting advanced and funding secured, K2 is preparing for a systematic drill program at Mojave, with further details on the 2026 exploration plan to be released soon [14]. - The Si2 Project is positioned as a second growth engine, with studies indicating the potential for significant gold grades below historical drilling depths [15][16].
Pirate Gold Continues Its Regional Consolidation of the Treasure Island Project and Provides Drilling Update
TMX Newsfile· 2025-12-19 13:00
Core Insights - Pirate Gold Corp. has expanded its Treasure Island Project by adding 113 mineral claims, increasing the total strike length to over 90 km along the Valentine Lake Fault Zone, which is recognized as Canada's newest gold district [1][6][22] Drilling Program Update - The company is advancing a 50,000-meter drilling program with two active rigs, focusing on the Moosehead Eastern and Western trends, and has completed six holes to date [6][10] - Initial visual observations from the drilling indicate the presence of mineralization, including visible gold, arsenopyrite, and sphalerite across various drill holes [2][3][10] - A third drill rig is expected to mobilize in early 2026 to further enhance exploration efforts [6] Mineral Claims Acquisition - The company has executed agreements to acquire a total of 77 mineral claims covering 1,925 hectares, along with recent staking of an additional 36 claims covering 900 hectares [15][16] - The acquisition strategy aims to consolidate mineral tenure along the Valentine Lake Fault corridor, which is crucial for building value in the district [14][15] Exploration Strategy - The exploration focus is not limited to the Moosehead Zone; the company aims to identify other gold-bearing structures in the vicinity, supported by historical drilling results from the Stony Lake project [15][18] - The company emphasizes that the Moosehead Project should be viewed as part of a larger mineral system, similar to other orogenic gold deposits [15] Visual and Media Engagement - The company is actively engaging shareholders through media, including the "Pirate Gold Treasure Hunters" video series, which provides insights into the drilling campaign [6][10][7]
Miata Adds Additional Drill Rig and Increases Discovery Potential with Fully Funded 25,000 m Drill Program at the Sela Creek Gold Project
Globenewswire· 2025-12-18 13:38
Core Viewpoint - Miata Metals Corp. has announced the arrival of an additional drill rig at its Sela Creek Gold Project, enabling a fully funded 25,000 m drill program planned for 2026, building on a successful 2025 campaign with a 100% hit rate at the Jons Trend Zone [1][3][4] Drilling Program - The company completed 10,061 m of drilling in 2025, achieving a 100% hit rate at the Jons Trend Zone and identifying multiple new mineralized zones [1][5] - The newly arrived Sandvik 710 drill rig allows for two rigs to operate continuously throughout 2026, with the capacity to drill 25,000 m [4][5] - Approximately 50% of the 2026 drilling will focus on the Jons Trend, while the other 50% will target six high-priority discovery targets, including Puma East, Puma West, and Big Berg [5][6] Operational Efficiency - The operational efficiency has significantly increased, with 3,000 m drilled in the last two months of 2025, indicating a trend that the company intends to continue [8] - On-site optimization efforts include the construction of a prep lab, improved wet-season access, and expanded fuel storage, which will further reduce the cost per meter drilled [5] Exploration Strategy - The company is advancing six prospects to drill-ready status for the first half of 2026, based on extensive surface programs and reinterpretation of historical datasets [5][7] - The Jons Trend zone is emerging as a significant mineralized area, measuring 750 x 250 m, and remains open in all directions, presenting further expansion potential [7] Financial and Management Actions - Miata has exercised 1,300,000 incentive stock options at an exercise price of $0.23 per share, with insiders maintaining a substantial net share position, indicating confidence in the company's prospects [9]
Lake Victoria Gold Reports High-Grade Artisanal Sampling Results (Up to 35.45 g/t Au) and Advances Development Planning at Tembo
TMX Newsfile· 2025-12-18 12:51
Core Insights - Lake Victoria Gold Ltd. (LVG) has reported high-grade gold values from a recent grab sampling program at its Tembo Project in Tanzania, with samples returning values up to 35.45 g/t Au [1][11] - The sampling program aims to assess gold mineralization in active artisanal mining areas and refine drill targeting for an upcoming drilling program scheduled for Q1 2026 [2][7] Sampling Program Details - Eight active artisanal mining locations were sampled, with notable results indicating high-grade mineralization associated with smokey-grey quartz veins in sheared basalts [3][4] - Three priority drill targets have been identified based on the sampling results, which have not received sufficient drill coverage in the past [3][5] Geological Observations - Mineralization is consistently linked to structural trends in the area, including northeast, northwest, and east-west orientations, which align with the company's geological interpretations [3][4] - The artisanal workings are covered by 4-10 meters of transported alluvium and are associated with linear magnetic anomalies [4] Exploration and Development Strategy - LVG plans to conduct a close-spaced drilling program at Ngula 1, targeting a strike length of 300-400 meters, which has shown consistently high-grade results in historical drilling [5][8] - The company is in advanced discussions with Nyati Resources regarding potential gold processing arrangements, aiming to utilize a 500 tonne-per-day carbon-in-pulp processing plant [6][7] Upcoming Plans - The planned drilling program is expected to commence in Q1 2026, with a focus on defining resources at Ngula 1 and finalizing a processing agreement [7][8] - The company aims to establish a toll-processing arrangement with Nyati to support near-term production from the Tembo Project [7][8] Sample Results - Significant grab sample results include: - Ngula 1: up to 35.45 g/t Au and 12.94 g/t Au [11] - Ngula 2: 35.21 g/t Au, 10.27 g/t Au, and 10.30 g/t Au [11] - Mgusu Target: 5.90 g/t Au, indicating a new priority target [11] - Newly identified artisanal workings at Nyangomango: 7.86 g/t Au and 8.50 g/t Au [11] - Renewed activity at Nyakagwe East: 22.68 g/t Au and 3.16 g/t Au [11]
McFarlane Commences Exploration Drilling at Juby Gold Project
Globenewswire· 2025-12-18 12:35
Core Viewpoint - McFarlane Lake Mining Limited has commenced exploration drilling at its 100%-owned Juby Gold Project, marking a significant milestone in its exploration program aimed at expanding known mineralization and testing the project's potential [2][3]. Company Overview - McFarlane Lake Mining Limited is a Canadian gold exploration company focused on the Juby Gold Project located in the Abitibi Greenstone Belt, Ontario [10]. - The Juby Gold Project has a current NI 43-101 compliant Mineral Resource Estimate of 1.01 million ounces of gold in the Indicated category at an average grade of 0.98 g/t gold and an additional 3.17 million ounces in the Inferred category at an average grade of 0.89 g/t gold [10][11]. Drilling Program Details - The drilling program at the Juby Gold Project includes plans for 12,000 to 13,000 metres of drilling, expected to be completed by May 2026 [4]. - The drilling will primarily target the Golden Lake and Juby zones, focusing on exploring new gold mineralization at depth [3][4]. - The first hole drilled is a follow-up to a previous hole from 2013 in the "826" zone area, with two additional holes planned in this area to expand upon previously intersected gold mineralization [2][3]. Mineral Resource Sensitivity - A sensitivity analysis at a higher gold price of US$3,750 per ounce indicates an Indicated Mineral Resource of 1.20 million ounces grading 0.94 g/t gold and an Inferred Mineral Resource of 4.23 million ounces grading 0.85 g/t gold [11].