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GSP Samples 348 g/t Silver and 12% Copper at New, Near Mine, Expansion Targets at Alwin Mine and Mer Properties
Thenewswire· 2025-10-28 11:00
Core Insights - GSP Resource Corp. has announced initial rush assay results from its Fall 2025 geological reconnaissance targeting program at the Mer Porphyry and Al conductor targets, including a newly discovered high-grade silver-copper Apex target within the Alwin Mine Zone [1][2] Exploration Details - The 2025 exploration program involved the collection of 60 surface rock outcrop and float samples, along with 204 targeted grid soil samples, marking the first surface work on expansionary exploration targets outside the Alwin Mine resource area since 2008 [2] - Historic exploration at the Alwin Mine occurred primarily during the 1960s to 1980s, with recent logging and road construction improving access to these historic sites [2] Historic Data and New Targets - Compilation of historic data for the Mer porphyry and Apex targets indicates significant near-mine exploration potential [3] - At the Mer site, diamond and percussion drilling from the 1970s and extensive trenching were re-located, with sampling of mineralized granodiorite and establishment of a detailed soil grid to expand potential drilling targets [4] - The Apex Zone, rediscovered 40 meters from a modern logging road, had historic diamond drill logs from 1977 that documented a mineralized alteration zone [5] Assay Results - Rush surface sample assays from the new targets revealed high grades, including 348 g/t silver and 12% copper from the Apex Zone, and additional notable results from the Alwin Mine and nearby historic trenches [6][7] - Specific assay results include: - 348 g/t Ag and 11.85% Cu from trench samples at Apex - 5.5% Cu and 35 g/t Ag from Alwin Mine outcrop - 2.58% Cu from Little OK Lake float samples [7][8] Methodology and Quality Control - The analytical work was performed by ALS Global, an accredited geoanalytical laboratory, ensuring quality control through standard, blank, and duplicate samples [10][11] - The company reported no significant QA/QC issues during the review of the data [13] Company Overview - GSP Resource Corp. is focused on mineral exploration and development in Southwestern British Columbia, owning 100% interest in the Alwin Mine Copper-Gold-Silver Property and the Mer Property [14]
Blackrock Silver Commences Phase 2 Hydrology Program, Geotechnical Evaluation and Seismic Survey on the Tonopah West Project
Newsfile· 2025-10-23 10:00
Core Insights - Blackrock Silver Corp. is advancing its Tonopah West project through a Phase 2 hydrology program, geotechnical evaluations, and a seismic survey to support the permitting of an exploration decline for test mining and bulk sample extraction [2][3]. Hydrology Programs - The Phase 2 hydrology program will involve the installation of five additional piezometers, a dewatering well, and a groundwater monitoring well to aid in engineering design and water management strategies [4][6]. - The Phase 1 hydrology program previously set four piezometers to collect data on water presence, which informed the Phase 2 program [4]. Geotechnical Evaluations - Geotechnical evaluations are being conducted on 22 drillholes along the proposed decline alignment, with detailed evaluations of Phase 1 piezometer holes already completed [6][7]. - A total of 36 samples have been collected for geotechnical unconfined compression strength testing, and approximately 59,000 meters (193,570 feet) of core drilling has been evaluated for recovery and Rock Quality Designation (RQD) [7]. Seismic Survey - A seismic survey covering 18 kilometers is planned to identify structural controls and extensions of the silver and gold deposits, with data collection occurring over seven lines [8]. - The survey aims to enhance understanding of the deposit's structural controls and assist in drill targeting [8]. Project Management - The integration of hydrologic, geotechnical, and seismic data is viewed as a critical step in de-risking the project and refining engineering models for the proposed decline [3]. - An updated preliminary economic assessment for Tonopah West is expected in Q1 2026, which will further inform project development [3]. Company Overview - Blackrock Silver Corp. is focused on precious metal exploration and development, with a portfolio of properties in Nevada characterized by low-sulphidation, epithermal gold and silver mineralization [10]. - The company is driven to add shareholder value through its strategic initiatives and project advancements [10].
Fuerte Announces Key Management Team Additions to Advance Its Coffee Gold Project
Newsfile· 2025-10-20 12:00
Core Insights - Fuerte Metals Corporation has announced key additions to its management team to advance the Coffee Gold project in Yukon, Canada [2][11] - The new leadership team includes experienced professionals from notable companies in the mining industry, enhancing the company's capabilities [2][3][4][5][9][10] Management Team Additions - Tim Warman has expressed enthusiasm about the new team, which includes a former senior executive from Franco-Nevada and senior members from Newmont's Coffee project [2] - Denis Flood has been appointed as Chief Operating Officer, bringing over 20 years of experience in engineering and operations [3] - Jason O'Connell has been named Chief Financial Officer, with a strong background in business development and investor relations in the mining sector [4] - Jennie Gjertsen has taken on the role of Vice-President of Sustainability and External Relations, with nearly 20 years of experience in multi-metallic mining [5] - Nelson Bodnarchuk has been appointed Vice-President of People and Systems, contributing over 20 years of leadership experience [9] - Jasmin Dobson has been named Vice-President of Environment and Permitting, with extensive experience in environmental management and permitting [10] Coffee Gold Project Overview - The Coffee Gold project hosts 3.0 million ounces of Measured and Indicated resources and an Inferred Resource of 0.8 million ounces [11] - The project is located approximately 130 km south of Dawson in Yukon and is on a clear path to complete permitting [11] - Fuerte Metals emphasizes the importance of environmental protection and community engagement with local First Nations [11][12] Company Background - Fuerte Metals Corporation is focused on advancing high-potential base and precious metals projects across the Americas, with the Coffee project being its flagship asset [13] - The company is committed to responsible stewardship of the land and creating long-term returns for shareholders [13]
Zeb Nickel Commences Ground Geophysics & Contractor Appointment
Globenewswire· 2025-10-16 13:00
Core Insights - Zeb Nickel Corp has appointed GF International (Pty) Ltd to conduct a combined ground gravity and frequency-domain electromagnetic survey at the Zeb Nickel Project in South Africa, aimed at refining conductor geometry and generating drill targets [1] - The company is also implementing an environmental rehabilitation guarantee as part of the requirements for obtaining the mining right [2] - The exploration team is transitioning from airborne targeting to ground geophysics to enhance the identification of high-priority conductors [3] Geophysics Programme Highlights - The survey will cover two grids totaling approximately 117.4 hectares, with gravity measurements taken at around 475 stations on a 50 m grid and ground EM over 22.45 line-km [9] - Mobilization for the survey is scheduled for late October 2025, with an expected completion within 30 field days, depending on weather and site conditions [5] Company and Project Overview - Zeb Nickel Corp focuses on exploring and developing critical mineral deposits, particularly those essential for rechargeable batteries, including nickel, graphite, lithium, cobalt, manganese, copper, and aluminum [7] - The Zeb Nickel Project is a Class 1 nickel sulfide project located in the Bushveld Complex, South Africa, which is strategically significant for the company's development efforts [7]
Signature Resources to Present at the Emerging Growth Conference October 23, 2025
Newsfile· 2025-10-16 12:00
Core Points - Signature Resources Ltd. has been invited to present at the Emerging Growth Conference on October 23, 2025, at 1:10 PM Eastern time [1][2] - The presentation will be delivered by Dan Denbow, CEO of Signature Resources, and will include a Q&A session [2] - The conference aims to facilitate communication between public companies and the investment community regarding new products and major announcements [3][4] Company Overview - Signature Resources Ltd. owns the Lingman Lake gold property, which consists of 1,274 single-cell and 13 multi-cell staked claims, covering approximately 24,821 hectares [5] - The property includes the historic Lingman Lake Gold Mine, featuring a 126.5-meter shaft and three levels at depths of 46, 84, and 122 meters [5] - Over 43,222 meters of drilling has been conducted on the property, with bulk samples averaging 19 grams per tonne of gold [5]
Cornish Metals Files Technical Report for the South Crofty Tin Project Updated PEA on Sedar+
Globenewswire· 2025-10-16 06:00
Core Insights - Cornish Metals Inc. has filed a technical report for its South Crofty tin project, which is fully permitted and located in Cornwall, UK [1][5] - The updated Preliminary Economic Assessment (PEA) indicates strong project economics, including a £180 million after-tax NPV at a tin price of US$33,900 per tonne and a 20% IRR [4][2] - The project is positioned as a low-cost, high-grade tin operation with strong ESG credentials, aiming for an average annual production of approximately 4,700 tonnes of tin [4][9] Project Economics - After-tax NPV of £180 million and pre-tax NPV of £237 million at a tin price of US$33,900 per tonne [4] - Project IRR of 20% after-tax and 23% pre-tax [4] - Capital payback period of 3.3 years post-production start [4] - Cumulative after-tax cash flow projected at approximately £558 million from production start [4] Production and Cost Metrics - Average annual after-tax cash flow of approximately £57 million in years two through six [4] - Average annual EBITDA of £70 million with a 62% EBITDA margin during the same period [4] - Average All-In Sustaining Cost (AISC) of approximately US$13,420 per tonne for years two through six, positioning South Crofty in the lowest quartile of the cost curve [4] Exploration Potential - Near mine exploration target indicates potential additional mineralization of 6 to 13 million tonnes at a tin grade of 0.5% to 1.8% [4] - The company has a resource drilling program planned to commence with underground development [4] Community and Regulatory Support - The project has strong support from local communities and government, with existing mine infrastructure and mining permission valid until 2071 [8][9] - The project is positioned to be the only primary tin producer in Europe or North America, contributing to the critical mineral supply chain [9]
American Critical Minerals Announces $4.0 Million Bought Deal Offering and Concurrent $2.0 Million Non-Brokered Private Placement
Newsfile· 2025-10-16 01:42
Core Viewpoint - American Critical Minerals Corp. has announced a bought deal offering to raise approximately $4 million through the sale of 11,429,000 units at a price of $0.35 per unit, alongside a concurrent non-brokered private placement aiming to raise an additional $2 million, totaling up to $6 million in gross proceeds [1][2]. Financing Details - The offering consists of units that include one common share and one-half of a common share purchase warrant, with each warrant allowing the purchase of one common share at an exercise price of $0.45 for 36 months post-closing [3]. - The net proceeds from the offering will be allocated for working capital and general corporate purposes [4]. - The underwriter has an option to increase the offering size by up to 15% of the total units issued, exercisable up to 48 hours before closing [4]. Regulatory and Market Context - The units will be offered under the listed issuer financing exemption in all Canadian provinces except Quebec and other qualifying jurisdictions, including the United States, and will be free-trading under applicable Canadian securities laws [5]. - The closing of the offering is expected around the week of October 27, 2025, pending necessary regulatory approvals [7]. Compensation Structure - The underwriter will receive a cash commission of 7% of the gross proceeds and broker warrants equal to 7% of the units sold, with each broker warrant allowing the purchase of one unit at the offering price for 36 months post-closing [8]. Project Overview - The Green River Potash and Lithium Project is located in Utah's Paradox Basin, which has significant logistical advantages and is close to major infrastructure [11]. - The project has a substantial exploration target of 600 million to 1 billion tonnes of sylvinite, with average grades ranging from 19% to 29% KCl, and the basin is believed to contain up to 56 billion tonnes of lithium brines [12][14]. - The U.S. currently imports approximately 96.5% of its annual potash requirements, highlighting the strategic importance of domestic production [14].
IDEX Metals Announces Non-Brokered Private Placement of Units
Thenewswire· 2025-10-15 21:00
Core Points - IDEX Metals Corp. announced a non-brokered private placement of up to 3,333,333 units at a price of $0.60 per unit, aiming for gross proceeds of up to $2,000,000 [1][3] - Each unit consists of one common share and one-half of a share purchase warrant, with each whole warrant exercisable at $0.90 for a period of 24 months [2][3] - The proceeds will be used for exploration of mineral properties in Idaho and for general working capital [3] Company Overview - IDEX Metals Corp. is focused on advancing a portfolio of base and precious metal projects in Idaho, particularly the Freeze Copper-Gold porphyry prospect [6] - The company is positioned in a top-tier mining jurisdiction and is surrounded by major industry players, aiming to redefine district-scale exploration in Idaho [6]
Pan American Closes LIFE Offering and Concurrent Private Placement Offering
Globenewswire· 2025-10-14 22:00
Core Points - Pan American Energy Corp. has successfully closed a non-brokered private placement of charity flow-through units and non-flow-through units, raising a total of C$2,000,000 [1][2] Group 1: LIFE Offering - The LIFE Offering included the issuance of 1,333,333 Charity FT Units at C$0.75 each and 2,000,000 NFT Units at C$0.50 each, generating gross proceeds of C$2,000,000 [2] - Each Charity FT Unit consists of one flow-through share and one common share purchase warrant, allowing the holder to acquire one common share at $0.85 for 24 months [3] - Each NFT Unit consists of one non-flow-through common share and one share purchase warrant, allowing the holder to acquire one common share at $0.65 for 24 months [4] - Proceeds from the Charity FT Units will be used for Canadian Exploration Expenses qualifying as flow-through mining expenditures, while proceeds from NFT Units will fund exploration expenses and general working capital [5] Group 2: Concurrent Non-Brokered Private Placement - The concurrent private placement raised an additional C$1,000,000 by issuing 2,000,000 units at C$0.50 each [8] - Each unit in the concurrent offering consists of one common share and one common share purchase warrant, with the warrant allowing acquisition of one common share at $0.65 for 24 months [9] - Proceeds from the concurrent offering will also be allocated to exploration expenses and general working capital [10] Group 3: Company Overview - Pan American Energy Corp. is engaged in the acquisition, exploration, and development of mineral properties containing battery and critical metals in North America [13] - The company has acquired a 75% interest in the Big Mack Lithium Project and is pursuing a 100% interest in the Tharsis REE Project [14]
First Lithium Commences Field Work Program at Lidstone Project
Newsfile· 2025-10-09 10:00
Core Insights - First Lithium Minerals Corp. has launched a field exploration program at the Lidstone Project, located 270 km north of Thunder Bay, Ontario [1] - The Lidstone Project covers 17,300 hectares and includes approximately 27 km of greenstone belt, with limited previous exploration activity [2] - The field program aims to explore the northern and central sectors of the greenstone belt, focusing on areas with historical quartz vein sampling indicating potential gold mineralization [3] Project Details - The Lidstone property is 100%-owned by First Lithium Minerals and has no royalties associated with it [2] - The exploration will include prospecting, geochemical rock sampling, and geological mapping to identify mineralization and structures conducive to gold or base metal deposition [3] - The program is expected to enhance geological understanding and identify targets for further exploration, including drilling in 2026 [3] Company Overview - First Lithium Minerals is a Canadian mineral exploration and development company, also exploring for lithium and alkali metals at its Ascotan Project in Chile [7] - The company is planning its inaugural drilling program at the Ascotan Project, pending necessary permits and agreements [7] - The field program at Lidstone is expected to be completed by the end of Q4 2025, with updates provided as material results become available [6]