Quimbaya Gold Expands Strategic Land Position at Tahami ProjectCompany claims 7,637 hectares of new concessions adjacent to its flagship Tahami Project and Aris Mining operation in Segovia, increasing the project footprint from 17,087 to 24,724 hectares and building on recent fieldwork successOctober 23, 2025 11:15 AM EDT | Source: Quimbaya Gold Inc.Vancouver, British Columbia--(Newsfile Corp. - October 23, 2025) - Quimbaya Gold Inc. (CSE: QIM) (OTCQB: QIMGF) (FSE: K05) ("Quimbaya" or the "Com ...

Core Insights - Bolt Metals Corp. has completed ground Induced Polarization (IP) surveys in five high-potential zones at its Northwind property, following a historical heliborne TDEM survey [1][2] - The analysis revealed eight primary IP axes indicating distinct polarizable anomalies, which correlate with low resistivity conductors and suggest potential gold mineralization [3][4] - The recent surge in gold prices, reaching approximately US$4,381 per ounce, enhances the economic viability of gold exploration assets, including Bolt's Northwinds project [8] Survey and Findings - The IP surveys covered 11.125 line-km across five grids, utilizing a dipole-dipole electrode array with 20 survey lines spaced 200 meters apart [2] - Eight polarizable anomalies were identified, with the most promising targets located in IPG-1, IPG-3, and IPG-4, indicating favorable conditions for gold mineralization [4] Property Details - The Northwind property consists of 53 claims covering approximately 2,986 hectares in the Urban-Barry greenstone belt of Quebec, strategically located near significant gold discoveries [5][7] - The geological composition includes diorite, pegmatitic granite, tonalite, and gneissic tonalite, with proximity to notable gold deposits [7] Strategic Initiatives - The company has entered a non-binding letter of intent to acquire a 100% interest in an iron property in Brazil, involving a payment of USD$200,000 and issuance of shares over 30 months [9][10] - A non-brokered private placement of up to $1,500,000 units is planned, with proceeds aimed at general working capital [11] Market Context - The current high gold prices lower the effective cut-off grade, improving the economics of potential gold discoveries and maximizing value per ounce [13] - The company is planning a comprehensive exploration program at the Northwinds property in 2026, capitalizing on favorable market conditions [13]

Radisson Mining Resources is set to extend its step-out exploration drilling programme at the O'Brien gold project to 140,000m, using up to eight drill rigs. This expansion aims to enhance the delineation of high-grade gold mineralisation beyond the current mineral resource estimate (MRE). This initiative aims to thoroughly assess the extent of mineralisation at the project, reaching an exploration depth of 2km. The drilling employs pilot holes, followed by wedges and directional drilling to increase ef ...

Core Insights - Miata Metals Corp. has reported strong drill results from the Jons Trend Zone at its Sela Creek Gold Project in Suriname, indicating a large, continuous, and shallow dipping mineralized system [1][2][4] Drilling Results - Drilling results from holes 25DDH-SEL-034 to 36 confirm multiple stacked zones of gold mineralization, reinforcing the potential for an open pit target [2][4] - Hole 25DDH-SEL-036 yielded 27.0 m at 1.45 g/t gold, including 12.0 m at 2.05 g/t gold, demonstrating strong continuity and thickness of mineralization [7][13] - Hole 25DDH-SEL-034 cut a shallow mineralized vein zone grading 16.5 m at 1.72 g/t gold, including a high-grade core of 6.0 m at 2.99 g/t gold [12][13] Future Plans - The company plans to conduct an additional 3,000 m of drilling at Jons Trend before the end of 2025 to further define the size, scale, and geometry of the expanding gold system [6][8] - The drilling will focus on both the down-plunge projection and the full strike length of Jons Trend, with assays pending from seven additional holes [6][8] Technical Insights - The main lode at Jons Trend is a 25-35 m thick zone of continuous mineralization, with indications of additional parallel and stacked zones [5] - The geological data from the drilling results is expected to improve targeting at adjacent prospective targets [8] Company Overview - Miata Metals Corp. is a Canadian mineral exploration company focused on the acquisition, exploration, and development of mineral properties, holding a 70% interest in the Sela Creek Gold Project [23]

Core Insights - Exploits Discovery Corp. has initiated high-resolution drone magnetic and VLF-EM surveys at its Fenton and Wilson gold projects in Québec to identify new areas of interest and enhance understanding of existing high-grade gold zones [1][2] - The results from these surveys will inform the design of a winter drill program aimed at expanding known resources and exploring new gold mineralization zones [1][2] Survey Details - The magnetic survey will cover 270 line kilometers at Fenton and 700 line kilometers at Wilson, while the VLF-EM survey will cover 135 line kilometers at Fenton and 350 line kilometers at Wilson [2] - The surveys will utilize 50-meter line spacing at an altitude of 35 to 40 meters above the surface for high-resolution data collection [5] Financial Position - Following the sale of its Newfoundland properties to New Found Gold Corp. for up to 3,547,100 shares at a price of $2.48 per share (approximately $8.8 million), the company will have over $10 million in cash and cash equivalents with no debt [2][16] - The company plans to use its financial resources to advance its projects in Québec and Ontario and pursue additional opportunities in mining-friendly jurisdictions [16] Project Overview - The Fenton project consists of 18 contiguous claims covering approximately 760.7 hectares, with a historical mineral resource estimate of 426,173 tonnes grading 4.66 g/t gold, totaling 63,885 ounces of gold [3][4] - The Wilson project comprises 42 contiguous claims covering 1,660 hectares, hosting multiple gold-bearing zones, including the high-grade Toussaint showing with a historical estimate of 187,706 tonnes at 7.1 g/t gold, totaling approximately 42,850 ounces of gold [8][9] Exploration Strategy - The company aims to map structural controls on gold mineralization and identify high-priority drill targets across both properties, which will significantly benefit the upcoming winter drilling programs [2][16] - The exploration strategy focuses on systematic exploration and partnerships to create shareholder value through discovery and resource growth [18]

Core Points - Rocky Shore Gold Ltd. has successfully closed the third and final tranche of its non-brokered private placement, raising gross proceeds of $503,500 [1] - The total proceeds from the full offering amount to $2.5 million, with 31,530,000 units and 18,470,000 flow-through shares issued [1][3] - The funds will be utilized for ongoing exploration at the Gold Anchor Project, specifically for an inaugural drill program at the Lane Pond Gold Target [2][3] Financial Details - The final tranche involved the issuance of 6,750,000 units at C$0.05 per unit, each consisting of one common share and one-half of a common share purchase warrant [1] - Additionally, 3,320,000 flow-through shares were issued at the same price of C$0.05 [1] - The total number of units and flow-through shares sold in the full offering reflects significant investor interest and support [1][2] Project Focus - The Lane Pond Gold Target is located within the Appleton Fault Corridor, an area known for hosting gold resources and high-grade discoveries [2] - The Gold Anchor Project is strategically positioned in central Newfoundland, which is recognized as one of Canada's most promising gold exploration regions [6] - The project encompasses over 1,200 square kilometers and includes numerous gold-bearing faults, enhancing its exploration potential [6] Additional Information - The company has issued 289,200 finder's warrants to eligible finders, which are exercisable at $0.05 until April 7, 2027 [4] - All securities issued are subject to a statutory hold period expiring on February 8, 2026 [5] - The company acknowledges financial support from the 2025 Junior Exploration Assistance Program by the Government of Newfoundland and Labrador [7]

Core Insights - Auranova Resources has commenced the Phase 2 diamond drill program at the South Uchi Project in Ontario, in collaboration with Kenorland Minerals [1][2] - The Fall 2025 exploration program includes up to 6,000 meters of drilling across 13 drill holes at the Papaonga target area, aiming to expand on previously discovered gold-bearing structures [2][6] - The current drill program focuses on defining the geometry and continuity of mineralization within a structural corridor, with follow-up holes surrounding a previously successful drill hole [3][6] Company Overview - Auranova Resources is focused on discovering new gold systems in the Birch Uchi Belt and expanding its presence in Ontario's greenstone belts, in partnership with Kenorland Minerals [16] - The South Uchi Project was identified for its potential to host significant gold mineralized systems, covering a region with favorable geological conditions for orogenic gold mineralization [9][12] - Auranova has earned a 51% interest in the South Uchi Project through cash payments and drilling commitments, with the potential to increase its stake to 70% [10][13] Exploration Details - The Phase 2 drill program is a follow-up to a successful maiden drill program completed earlier in 2025, which identified a strongly mineralized shear zone [2][7] - The drilling strategy includes tighter step-outs around previously successful drill holes and broader spaced step-outs to test for lateral extensions of gold-bearing structures [3][6] - The exploration team is preparing to drill other significant targets identified in the maiden drill program during the winter after freeze-up [7]

Group 1 - Galway Metals Inc. reported drill results for two diamond drill holes at the Southwest Deposit within its 100%-owned Clarence Stream gold project in New Brunswick, Canada [1] - The Clarence Stream project has a district-scale potential along a 65-kilometre strike length of highly prospective gold showings and anomalies [1] - The 2022 Mineral Resource Estimate (MRE) for the project is 12.4 million tonnes at 2.3 grams per tonne gold, indicating a total of 922,000 ounces of gold [1]

Core Insights - Aquitaine Metals Corp. has announced promising initial drill results from its 2025 Phase 1 drill program at the Limousin gold and critical metal project in France, highlighting high-grade gold mineralization [1][6][30] Results and Program Progress - The drilling program is focused on multiple targets along the Laurieras fault structure, with drilling having commenced in February 2025 and expected to continue into autumn [4][6] - The first seven drill holes confirmed high-grade gold mineralization within a broad hydrothermal envelope, with the best result being 16.45 g/t gold over 20.00 metres [6][10] - Significant intercepts include 10.25 g/t gold over 5.50 metres and deeper drilling has confirmed potential for significant gold mineralization beyond historical mining depths [6][10] - The drill program consists of 44 planned holes totaling 8,800 metres, with 22 holes completed so far [6][8] Historical Context - The Limousin project area has a rich mining history, with COGEMA having produced approximately 1 million ounces of gold from 1988 to 2002, with average underground production grades of 12 to 15 g/t gold [30][41] - The project encompasses 330 square kilometres of exploration licenses, including 23 past-producing gold mines and over 900 ancient high-grade gold mining sites [30][41] Company Vision and Commitment - Aquitaine Metals Corp. aims to revive potentially world-class mining projects with economic and strategic importance to France, emphasizing sustainable exploration and good stewardship of land [30][31]

Core Viewpoint - Melkior Resources Inc. is set to initiate a follow-up exploration drill program at the Carscallen Gold Property, focusing on expanding gold mineralization in the 1010 Zone and exploring new opportunities at the Northwest Prospect, located approximately 25 kilometers west of Timmins [1][2]. Exploration Program Highlights - The upcoming drill program will consist of 6 holes totaling approximately 1,725 meters, targeting the NNW-SSE trend and the 1010 Zone structural corridor [1]. - The 1010 structural-mineralized corridor has the potential to extend over 1,500 meters in length, similar to the Zamzam-Jowsey-Shenkman Zone, and aims to test high-grade ore shoots at depth [2]. The 1010 Gold Zone - The 1010 gold zone features multiple shear-hosted quartz-sulphide veins, with significant gold mineralization often steeply dipping and reaching over 500 meters in length [3]. - Recent surface exploration is focused on expanding gold-bearing mineralization outside the main zones, with additional high-grade ore shoots identified [4]. Northwest Zone - The Northwest Zone, located about 500 meters north of the 1010 gold showings, is characterized by gold-in-soil anomalies and geophysical signatures similar to known mineralized zones [5]. - Two shallow drill holes are planned to assess the gold mineralization potential in this unexplored area [5]. Significant Historical Intercepts - Notable historical intercepts from the Zamzam and Shenkman Zones include: - CAR-19-03A: 23.5 g/t Au over 8 meters - CAR-20-05: 25.7 g/t Au over 6 meters - CAR-71-2011: 5.1 g/t Au over 13.25 meters [6]. Drill Permit Status - The drill permit application for the proposed drilling has been submitted to the Ontario Government and is currently awaiting approval [6].