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Golden Cross Resources Launches First-Ever Drilling at Shepherd's Hill and Welcome Reef Gold Prospects
Newsfile· 2025-08-25 11:00
Core Viewpoint - Golden Cross Resources has initiated drilling at the Shepherd's Hill Prospect and secured an access agreement for the Welcome Reef Goldfield, both of which have a rich history of artisanal mining and high-grade gold production, marking the first modern exploration of these historic goldfields [1][6][12]. Group 1: Shepherd's Hill Prospect - The Shepherd's Hill Prospect is a high-grade gold area within the 100%-owned Reedy Creek Project, featuring quartz-sulphide reefs that have never been drilled before [2][5]. - The current drilling program consists of 2,000 meters across five holes, with over 900 meters already completed, and assay results expected in Q4 2025 [2][3]. - Initial drilling has successfully intercepted targeted quartz reefs, revealing structural indicators that provide insights into gold mineralization mechanisms, which will guide future drilling [3][12]. Group 2: Welcome Reef Goldfield - The Welcome Reef Goldfield has a historical production of over 9,000 ounces of gold at an average grade of 25 grams per tonne, with indications that widths and grades improve at depth [5][10]. - Golden Cross is the first company to secure land access for modern exploration at Welcome Reef, which has never been drilled before despite its rich history [6][10]. - The area is historically significant, linked to prospector Louis Ah Mouy, whose success contributed to the establishment of Westpac Bank, highlighting the economic impact of discoveries in this region [11][12]. Group 3: Company Strategy and Future Plans - With the access agreement at Welcome Reef secured, the company aims to advance exploration at both Shepherd's Hill and Welcome Reef, leveraging modern techniques to unlock the potential of these historic sites [13][12]. - The company has completed a total of 2,242 meters of drilling across the Reedy Creek Project, with assays still pending, indicating ongoing exploration efforts [13].
First Nordic Drills 1.94 g/t Au over 21.5 m and 5.45 g/t Au over 4.6 m at Aida and Extends Gold Mineralization to over 2 km
Prnewswire· 2025-08-21 12:00
Core Insights - The Aida drill program has successfully identified multiple parallel mineralized zones, significantly extending the known mineralization along the Aida structural corridor to over 2.1 km in strike length and up to 250 m deep [3][7][8] - The program has intercepted gold-bearing structures in 12 out of 14 drill holes, with visible gold found in 5 holes, indicating a strong potential for further discoveries [2][7][8] - New mineralization zones, including the Pharao Zone and Northern Mafic Zone, have been discovered, which are open in all directions and will be targeted in future drilling campaigns [5][7][8] Drill Program Overview - The 2025 Aida drill program consisted of 39 diamond drill holes totaling 10,304 meters, aimed at systematically expanding known mineralization [2][3] - Results from 14 drill holes have been received, with gold-bearing structures identified in 12 holes using a cutoff of 0.1 g/t [2][6] - The program has successfully extended mineralization along the Aida structural corridor and discovered a previously unknown zone [3][4] Mineralization Characteristics - Gold mineralization is primarily hosted within sheared margins of mafic volcanic units, with two styles of mineralization observed [4][12] - Significant mineralization has been associated with intense shearing and hydrothermal alteration, indicating the presence of a large-scale orogenic gold system [8][12] - The Pharao Zone has a true width of 40 m and has been traced for 250 m in drilling, while the Northern Mafic Zone has shown promising results [5][16] Future Plans - A follow-up drill program is being planned for the fourth quarter of 2025 to further explore the identified mineralized zones [7][8] - The complete results from the 2025 drill program will be analyzed to design subsequent work programs [8] Project Context - The Aida target is strategically located within the Gold Line structural corridor, close to significant gold mining operations, enhancing its exploration potential [10][11] - The project is part of First Nordic Metals Corp.'s broader strategy to consolidate gold exploration assets in Sweden and Finland [18]
Providence Gold Mines Inc. Options La Dama de Oro Gold Property
Thenewswire· 2025-08-20 13:00
Core Viewpoint - Providence Gold Mines Inc. has entered an option agreement to acquire the La Dama de Oro Gold Property, a historical gold mine, subject to regulatory approval [1] Group 1: Acquisition Details - The La Dama de Oro Gold Property is 100% owned by Mohave Gold Mining, a private company based in California [1] - The option agreement allows Providence to purchase 100% of the property under specific terms, including the issuance of common shares and expenditures over four years [5][6][7] Group 2: Technical and Geological Information - Ethos Geological Inc. has been commissioned to complete an NI 43-101 technical report for the property, which is currently at an early exploration stage and lacks sufficient data for a mineral resource [2] - The property is located in the Silver Mountain Mining District, characterized by complex geology including Mesozoic quartz monzonite and Jurassic Sidewinder Volcanics [3] - Mineralization is classified as a low-sulfidation epithermal gold-silver vein system, with the largest known vein measuring 4.5 feet at its widest point [4] Group 3: Exploration Potential - The property has an approved exploration permit that includes a bulk sample, indicating potential for further exploration and discovery of additional veins along the fault system [4] - Ronald A. Coombes, President & CEO of Providence, emphasized the historical gold production at La Dama de Oro, suggesting strong discovery potential [7]
Allegiant Receives BLM Approval for Exploration at Castle Zone Within Eastside Gold Project Plan of Operation Significantly Expands the Project Area
Thenewswire· 2025-08-20 13:00
Tonopah, Nevada / August 20, 2025 – TheNewswire - Allegiant Gold Ltd. ("Allegiant" or the "Company") (AUAU: TSX-V) (AUXXF: OTCQX) is pleased to announce that it has received formal approval from the Bureau of Land Management (BLM) and the Nevada Division of Environmental Protection (NDEP) for its Environmental Assessment (EA) and Plan of Operations for the Castle Project, located in Esmeralda County, Nevada, approximately 22 miles west of Tonopah. The approval allows Allegiant to proceed with an extensive m ...
Northern Star Resources (NESR.F) 2025 Earnings Call Presentation
2025-08-05 00:30
Northern Star Overview - Northern Star sold 1,634 koz of gold in FY25 [12] - The All-in Sustaining Cost (AISC) for FY25 was A$2,163/oz [12] - Net mine cashflow for FY25 reached A$1,189 million, with cumulative net mine cashflow from FY12-1H FY25 totaling A$32 billion [17] - Cumulative dividends from FY12-1H FY25 amounted to A$14 billion [17] KCGM Operations - KCGM's Mineral Resources have increased by 104% since acquisition [24] - Ore Reserves at KCGM have increased by 48% since acquisition [24] - FY25 gold production at KCGM was 419 koz [28] - Production guidance for FY26 at KCGM is projected to be 550-600 koz [28] - The KCGM Mill Expansion project is expected to deliver approximately 900 kozpa from FY29 onwards for 10 years [28] - As of March 31, 2025, KCGM's total Mineral Resources were 836,282 thousand tonnes at 14 gpt, containing 38,867 thousand ounces of gold, and total Ore Reserves were 363,973 thousand tonnes at 12 gpt, containing 14,441 thousand ounces of gold [63] Yandal Operations - Yandal Production Centre FY25 AISC: A$2,317/oz [35] - Jundee AISC: A$2,064/oz [35] - Thunderbox AISC: A$2,629/oz [35] - FY26 AISC guidance: A$2,600-2,900/oz [35] - Yandal targets 500–550koz to control future cost base [35] Pogo Operations - Pogo sold 283 koz of gold in FY25 [40] - The AISC for FY25 was US$1,341/oz [41] - Net mine cash flow for FY25 was US$297 million [44] - As of March 31, 2025, Pogo's total Mineral Resources were 19,111 thousand tonnes at 100 gpt, containing 6,163 thousand ounces of gold, and total Ore Reserves were 9,130 thousand tonnes at 72 gpt, containing 2,126 thousand ounces of gold [64]
Mines d'Or Orbec Mobilizes 2025 Surface Exploration on Second Target While Awaiting Drill Results from Lac Bernard
Newsfile· 2025-07-29 12:20
Core Insights - Mines d'Or Orbec Inc. has initiated its 2025 surface exploration program on a second high-priority target within the Muus Property, separate from the earlier Lac Bernard South drill campaign [1][3] - The company is awaiting assay results from the Lac Bernard drilling while advancing work on the new target to unlock the broader potential of the Muus Property [1][3] Exploration Program Details - The 2025 surface exploration program will include systematic mapping, sampling, and LiDAR work through Q3 2025 [8] - Activities will focus on channel sampling over mineralized zones, ground truthing of geophysical anomalies, and prospecting for additional drill targets [9] Strategic Location and Geology - The Muus Property is strategically located along the Guercheville Deformation Zone in Quebec's Abitibi Greenstone Belt, covering 25,250 hectares with favorable geology and historical indicators of mineralization [7][12] - The property is in proximity to IAMGOLD's Nelligan Deposit, which has indicated mineral resources of 3.1 million ounces of gold and inferred resources of 5.1 million ounces [10] CEO Commentary - CEO John Tait emphasized that the 2025 surface work aims to build on the momentum from the spring drill campaign, which successfully intersected zones of alteration and mineralization [6] Next Steps - The company plans to complete surface mapping and sampling, with assay results from the summer 2025 drilling campaign at Lac Bernard South expected by the end of Q3 2025 [10][15]
GFG Expands Aljo Gold System, Outlines Next Drill Program and Steps Up Regional Exploration
Globenewswire· 2025-07-24 10:30
Core Viewpoint - GFG Resources Inc. has reported promising final assay results from its Phase 1 2025 drill program at the Aljo Gold Project, indicating significant high-grade gold mineralization and the discovery of a new gold zone, which supports the potential for a large-scale gold system in the Timmins Gold District of Ontario, Canada [1][2][4]. Drilling Results - The drilling program successfully extended high-grade gold mineralization in the Hangingwall and Main Zones, confirmed broad mineralized envelopes in the Aljo West Zone, and discovered a new Footwall gold zone characterized by strong alteration and visible gold [2][4]. - Notable high-grade gold intercepts include: - 6.62 grams of gold per tonne over 11.2 meters, including 7.24 g/t over 10.2 meters in hole ALJ-24-020 [7]. - 4.13 g/t over 5.2 meters, including 8.98 g/t over 2.2 meters in hole ALJ-24-018 [7]. - 1.74 g/t over 13.2 meters, including 24.2 g/t over 0.5 meters in hole ALJ-24-017 [7]. - The Aljo system's strike length now exceeds 600 meters, with continuity confirmed from surface to over 300 meters vertical depth across multiple zones [7]. Future Exploration Plans - A follow-up 3,000-meter drill program is scheduled to begin shortly, focusing on expanding the current findings and exploring new targets, particularly along the Pipestone Fault [3][8]. - The company plans to implement significant regional geochemical and geophysical programs to develop and expand the target pipeline, with drilling expected in the fourth quarter [3][8]. Company Insights - GFG Resources Inc. operates in the Timmins Gold District, a region known for its rich gold deposits, and is focused on district-scale gold projects [18]. - The company emphasizes the potential of the Pipestone Fault to host high-grade, multi-million-ounce gold deposits, similar to other world-class systems in the area [5][6].
Globex Acquires Numerous High-Grade Gold Targets in Arizona
Globenewswire· 2025-07-23 13:00
Core Viewpoint - Globex Mining Enterprises Inc. has successfully staked 40 lode claims in the historic Gold Basin mining district, covering a total surface area of 334.45 hectares, indicating potential for gold exploration and production in the area [1][2]. Group 1: Acquisition Details - The newly acquired property, named the Salt Spring Project, includes 24 lode claims in the West Claim Block and 16 lode claims in the East Claim Block [1]. - The project is strategically located in northwestern Arizona, approximately 85 km southeast of Las Vegas, Nevada, and 15 km south of Lake Mead [2]. Group 2: Historical Context - Gold was first discovered in the Gold Basin district in the early 1870s, with significant production occurring before 1932 from several mines, including El Dorado and Excelsior [3]. - The Gold Hill Mine, located in the East Block, was the largest operation in the northern Gold Basin region, with intermittent production from 1930 to 1942, and historical records indicate extraction of approximately 359.57 tons of gold ore averaging 21.7 g/t Au [3]. Group 3: Recent Exploration Results - Globex conducted preliminary fieldwork, collecting 131 rock samples and 32 soil samples, revealing high-grade assay results from the West Claim Block, including samples with gold grades of 25.6 g/t Au and 17.8 g/t Au [5][8]. - Notable samples include a linear chip sample from the Central vein system that assayed 49.27 g/t Au, marking the highest grade from the Salt Spring project [8]. - Additional significant findings include samples from the North Mine returning gold grades of 20.8 g/t Au and 26 g/t Au [9]. Group 4: Analytical Methods - Rock samples were analyzed at American Assay Laboratories in Sparks, Nevada, using ISO 17025 certified methods, including ICP-OES analysis and fire assay for gold [14].
Montage Gold Provides Mid-Year Exploration Update for Its Koné Project Where Constuction Continues To Rapidly Advance
Globenewswire· 2025-07-21 21:00
Core Insights - Montage Gold Corp. is advancing its Koné exploration program in Côte d'Ivoire, aiming to discover over 1 million ounces of Measured and Indicated (M&I) resources at a grade 50% higher than the existing Koné deposit, with production expected to commence in Q2-2027 [2][11][34] Exploration Progress - A total of 83,280 meters have been drilled in H1-2025, surpassing the total of 81,815 meters drilled in 2024, leading to an increase in the exploration program from 90,000 meters to 120,000 meters with a budget increase of US$4 million to US$18 million [3][12] - The exploration efforts have confirmed mineralization at all 23 targets tested since the beginning of the year, up from 18 targets in 2024, out of a total of 52 identified targets [4][11][23] Resource Estimates - Indicated Resources for higher-grade satellite deposits have increased by 404,000 ounces to 924,000 ounces at a grade of 1.32 g/t Au, with an additional 140,000 ounces at 1.09 g/t Au classified as Inferred Resources [7][34] - The updated Mineral Resource Estimate for the Gbongogo South deposit shows an increase in Indicated Resources by 74,000 ounces to 140,000 ounces at 1.26 g/t Au, while Koban North has a maiden Indicated Resource of 133,000 ounces at 1.07 g/t Au [8][64] Strategic Focus - The company is focusing on three parallel tracks: infill and extension drilling of previously delineated deposits, advancing pre-resource targets toward maiden resource definition, and testing new targets [14][23] - The ongoing drilling program aims to rapidly advance deposits to reserve status ahead of production, particularly at the Gbongogo South and Koban North deposits due to their proximity to the planned haulage road [12][25] Future Expectations - Further resource updates are anticipated for the ANV deposit in late Q3-2025, with additional updates planned for year-end for other targets such as Yere North, Lokolo Main, Sena, and Diouma North [8][67] - The company is well-positioned to achieve its short-term objective of discovering over 1 million ounces of M&I resources at above 1 g/t Au, representing a 50% higher grade than the Koné deposit [9][34]
Eminent Initiates Gravity Survey at HSRP to Enhance Drill Targeting
Prnewswire· 2025-07-21 11:33
Core Viewpoint - Eminent Gold Corp. has initiated a high-resolution gravity geophysical survey at the Otis target within its Hot Springs Range Project in Nevada, aiming to enhance exploration efforts and increase the probability of intersecting higher-grade gold zones [1][2][4]. Group 1: Project Details - The Hot Springs Range Project is strategically located adjacent to the 50-million-ounce Au Getchell Trend, making it a significant area for gold exploration [1]. - The gravity survey is designed to identify structural features such as faults and fluid conduits that may control mineralization, thereby refining the targeting model [2]. - The survey will also focus on the Eden target within the 15 km-long Hot Springs Range trend, with drilling expected to resume after data interpretation [2][3]. Group 2: Company Insights - Eminent Gold believes it is in the early stages of uncovering a significant gold system at the HSRP property, supported by collaboration with Kinross Gold Corporation, a 9.9% shareholder [4]. - The company is well-positioned with three major gold opportunities in Nevada, all of which are expected to come online with drill permits this year [4]. - The gravity survey is anticipated to be completed in the coming weeks, with drilling set to resume in August [3].