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Blue Moon Metals Reports Significant Development Momentum on its Norwegian Projects
Prnewswire· 2025-12-01 11:45
Core Viewpoint - Blue Moon Metals Inc. is making significant progress on its Norwegian projects, particularly the Nussir Copper-Gold-Silver Project and the NSG Copper-Zinc Project, with ongoing development and exploration activities aimed at enhancing resource estimates and advancing construction timelines [1][2][10]. Nussir Project Update - The underground decline at the Nussir project has advanced 656 meters as of November 27, 2025, marking a crucial step for future mine development and infrastructure installation [2][3]. - The main high-voltage transformer has been secured, reducing schedule risk and supporting the construction sequence [3]. - Early Works Construction Phase 1 has been completed, and Phase 2 is currently underway, focusing on additional surface area preparations [3][4]. - The feasibility study is on track for completion in February 2026, updating operating and capital costs based on the previous JORC compliant study [5]. - A directional drilling campaign commenced in October, aiming to expand the current mineral resource estimate (MRE) and test for high-grade mineralization at depth [6][7]. - The current MRE at Nussir includes an indicated resource of 28.72 million tonnes (Mt) at 1.02% Cu, 0.12 g/t Au, and 12.3 g/t Ag, and an inferred resource of 32.0 Mt at 1.01% Cu, 0.14 g/t Au, and 14.6 g/t Ag [7][8]. NSG Project Update - At the NSG Copper-Zinc project, activities are ramping up with the mining contractor, Fauskebygg, completing necessary improvements to the tunnel entrance [10]. - A 10,000-meter underground exploration program at the Rupsi deposit is expected to start soon, focusing on infill and expansion drilling of the inferred resource of 9.23 Mt at 1.19% Cu and 0.31% Zn [12]. - The geological mapping has advanced the understanding of the district, identifying additional exploration targets [11][12]. Restricted Share Units (RSU) Award - The company has granted 385,415 RSUs to certain officers, with each RSU representing a right to receive one common share following a two-year vesting period [16].
Lode Gold Adds 5,000 Historical Channel Samples to Upgrade Mineral Resource Estimate at Fremont Gold Mine, California
Newsfile· 2025-11-26 13:00
Core Insights - Lode Gold Resources Inc has successfully recovered over 5,000 historical underground samples from the Fremont Gold mine, significantly enhancing its mineral resource estimate [1][2][4] Group 1: Sample Recovery and Database Enhancement - The recovery of 5,728 underground samples increases the validated sample database from 3,212 to 8,593 records, improving geological understanding and exploration potential [2][4] - The samples include various types such as transversal and longitudinal channel cuts, and short drill holes, collected from historical shafts and stopes [4][6] Group 2: Historical Data and Resource Estimation - A total of 665 daily assay reports from 1936 to 1941 were recovered, which can help trace historical samples and quantify grades of exploited stopes [5] - The validation of these samples may allow Lode Gold to update the mineral resource estimate (MRE) with a higher proportion of Measured and Indicated Resources [7][8] Group 3: Project Overview and Infrastructure - The Fremont Gold mine is a brownfield project with over 43,000 meters drilled, 23 kilometers of underground workings, and 20 adits, with excellent infrastructure [3][19] - Only 8% of the resource identified in the 2025 MRE has been extracted, indicating significant exploration upside with 92% remaining [14][19] Group 4: Future Development Potential - The company has completed a new 3D model for improved accuracy of mined areas, which will aid in future resource estimation [7] - Lode Gold is positioned to potentially resume operations based on 100% underground mining, following a recent internal scoping study [20]
Lake Victoria Gold Extends Mineralization Below Pit Shell at Imwelo; First Results Confirm Continuity to >250 m Depth
Newsfile· 2025-11-26 08:01
Core Insights - Lake Victoria Gold Ltd. has reported positive initial results from its ongoing 4,000 m drill program at the Imwelo Gold Project, confirming mineralization continuity to over 250 m depth [1][4][10] - The results indicate potential for extending the open-pit shell and evaluating future underground options beyond the planned shallow open-pit operation [5][7][10] Drilling Program Details - The drilling program utilizes a combination of reverse-circulation pre-collars and diamond-core tails, aimed at reducing costs and cycle time while ensuring high-quality geological data [2] - Five out of the planned twenty-four drill holes have been completed, with assay results received from the MSA Laboratory in Geita [5][10] Assay Results Highlights - The first five holes show consistent grades and widths comparable to the existing resource, confirming the depth extension of mineralization [4][7] - Additional mineralization has been identified in both the footwall and hanging wall, indicating potential for future resource expansion [4][7] Management Commentary - The President & CEO expressed optimism regarding the results, noting that mineralization continues beyond the current pit design and that additional lodes are emerging [10][11] - The Exploration Manager highlighted strong geological indicators aligning with expectations, including quartz veining and structural continuity [10] Future Objectives - The program aims to support continuous updates with additional assays pending from ongoing drilling [12] - Objectives include refining final pit design, improving resource confidence, and testing down-dip extensions to enhance resource estimates [19]
Canterra Intersects 7.73% Copper Equivalent Over 4.45 Metres at the Buchans Project, Newfoundland
Globenewswire· 2025-11-19 12:00
Core Insights - Canterra Minerals Corporation announced significant step-out drilling results at its 100%-owned Buchans Project, reporting 7.73% Copper Equivalent (CuEq) over 4.45 metres, indicating high-grade mineralization potential [1][3][7] Drilling Results - The recent drilling program included three holes with step-outs of approximately 50 metres, successfully extending the Two Level Zone beyond the Lundberg resource [2][4] - Previous drilling in May 2025 intersected 5.97% CuEq over 5.35 metres, demonstrating continuity of high-grade mineralization [2][3] - The Two Level Zone's mineralized footprint has expanded to approximately 200 metres by 50 metres, showcasing high-grade, transported, breccia-hosted sulphide mineralization [4][7] Mineralization Analysis - Drilling results indicate that the stockwork zone remains open and continues to expand at depth toward the northwest, consistent with the Lundberg Resource [5][7] - The latest results confirm the potential for a larger and higher-grade system at Buchans, with evidence of strong and continuous mineralization [3][4] Future Plans - Canterra plans follow-up drilling to further test the continuity and extent of mineralization at the Two Level Zone as part of an ongoing 8,000-metre drill program [9]
i-80 Gold (IAUX) - 2025 Q3 - Earnings Call Presentation
2025-11-13 15:00
Operational Progress - Granite Creek underground development saw mined grades and tonnage reconcile well with the geological model, with improved groundwater management[16] - Archimedes underground construction commenced on time, marking the start of the company's second planned underground mine[16] - The company expects to meet its 2025 consolidated guidance of 30,000 to 40,000 ounces of gold[16] - Approximately 15,000 tonnes of oxide material at 9.8 g/t Au and approximately 15,000 tonnes of 2.95 g/t, along with approximately 20,000 tonnes of sulfide material at 10.7 g/t Au were mined at Granite Creek[23] - At Archimedes underground, development reached over 1,000 feet of drift advance as of early November[32] - Approximately 41,000 meters of infill drilling were completed at Cove underground across the Gap and Helen zones[35] Financial Highlights - Revenue reached $32.019 million for the three months ended September 30, 2025, compared to $11.509 million for the same period in 2024[45] - Gross profit was $3.118 million for the three months ended September 30, 2025, a significant improvement from a loss of $4.920 million in the same period of 2024[45] - The company reported a net loss of $41.867 million, or $0.05 per share, for the three months ended September 30, 2025[45] - The company's cash balance was approximately $103 million at the end of the quarter[46] Recapitalization and Future Plans - Approximately $200 million was raised through bought-deal and private placements in 2025[48] - The company is targeting $350 million - $400 million in financing[48]
West Point Gold Drills 80.8m of 1.23 g/t Au, 53.4m of 1.44 g/t Au, and 28.9m of 2.65 g/t Au at Tyro Main Vein
Newsfile· 2025-11-12 12:00
Core Insights - West Point Gold Corp. has announced the remaining drill results from its shallow drilling program at the Gold Chain Project in Arizona, part of a larger 10,000 metre drill initiative [1][3] - The initial phase of the drilling program has successfully demonstrated continuity of mineralization from surface down to previous drilling, positioning the company to complete a maiden resource estimate in 2026 [3][9] Drill Results Summary - The company reported assay results for six drill holes, with significant findings including: - Hole GC25-71: 80.8m of 1.23 g/t Au, with mineralization starting only 1.5m downhole [6][7] - Hole GC25-72: 53.4m of 1.44 g/t Au [6][7] - Hole GC25-79: 28.9m of 2.65 g/t Au, indicating a wider mineralized zone than previously thought [6][7] - Hole GC25-73: 51.8m of 1.44 g/t Au, confirming continuity along strike and dip above previous drilling [6][7] Project Development - The initial portion of the 10,000-metre drill program has been completed with 1,177m drilled in 15 holes across the Tyro Main Zone, establishing a data foundation for a maiden resource estimate [9][10] - Drilling continues beneath the high-grade zone at NE Tyro, with expectations for initial results from these holes before year-end [3][6] Geological Insights - The drilling has revealed significant grades and widths consistent with previously drilled, deeper holes, indicating a broad zone of gold mineralization approximately 50m [10][11] - The Tyro vein system has an estimated true width in excess of 40 metres in the area tested by Holes GC25-72 and GC25-79, supporting higher gold grades in the vein breccia [14][15]
Erdene Announces Q3 2025 Results Provides Bayan Khundii Mining and Exploration Update
Globenewswire· 2025-11-04 23:00
Core Insights - Erdene Resource Development Corp. achieved a significant milestone with the first gold pour at the Bayan Khundii Gold Mine on September 14, 2025, and expects to reach nameplate production capacity by the end of 2025 [3][10] - The company is actively exploring opportunities to expand resources at Bayan Khundii and has planned 9,300 meters of drilling in the coming months [3][10] - An updated independent mineral resource estimate for the Zuun Mod Molybdenum-Copper project was announced, confirming it as one of Asia's largest undeveloped projects [3][10] - The company entered an option agreement to acquire up to 80% interest in the Tereg Uul Copper-Gold prospect, located near the Oyu Tolgoi deposit [3][10] Q3 2025 Highlights - First gold production at Bayan Khundii occurred on September 14, with expectations to achieve full production capacity by year-end 2025 [10] - During the quarter, the company sold 342 ounces of gold at an average price of US$3,805 per ounce and 96 ounces of silver at US$44 per ounce [10] - The Bayan Khundii mine is designed to process 650,000 tonnes of ore annually, producing approximately 85,000 ounces of gold [10] - The company mined 2.1 million tonnes of material, including 133 thousand tonnes of ore with an average grade of 2.30 g/t Au and 1.27 g/t Ag as of September 30 [10] - Community development initiatives have been implemented, with about 35% of site personnel being local residents [10] Financial Performance - The company recorded a net loss of CAD 2,748,830 for Q3 2025, compared to a net loss of CAD 1,687,580 in Q3 2024 [10][11] - Exploration and evaluation expenses increased to CAD 579,333, primarily due to costs associated with the Tereg Uul property and new project evaluations [10] - Corporate and administrative expenses rose to CAD 864,892, attributed to increased stock-based compensation and higher professional fees related to share consolidation [10] Resource Estimates - The updated mineral resource estimate for Zuun Mod showed a 22% increase in Measured and Indicated molybdenum resources to 333 million pounds and a 90% increase in Inferred molybdenum resources to 300 million pounds [10] - Copper resources also saw a 16% increase in Measured and Indicated resources to 384 million pounds and a 75% increase in Inferred resources to 350 million pounds [10]
Bald Hill Antimony Project Under Option From Globex Indicates Potential for 2.7 M Tonnes at 3% to 4% Sb
Globenewswire· 2025-11-04 16:58
Core Insights - GLOBEX MINING ENTERPRISES INC. announced that Antimony Resources Corp. has filed a NI 43-101 Technical Report on the Bald Hill Antimony Project in New Brunswick, Canada, indicating a significant development in the project [1] - The report suggests a potential of 2.7 million tonnes of antimony at a grade of 3% to 4%, which could yield between 81,000 and 108,000 tonnes of contained antimony, doubling the previous estimate from 2014 [2] - Antimony Resources Corp. is conducting an additional 6,000 metre drill program, bringing the total to 15,000 metres, aimed at extending the mineralized zone and potentially preparing a maiden resource estimate [3] Project Details - The NI 43-101 Technical Report provides detailed summaries of past work and the Phase One Drilling Program completed by Antimony Resources Corp. [2] - The potential resource indicated in the report is conceptual and not yet proven to be economic [2] - The report was prepared by John Langton, M.Sc., P. Geo., and is accessible for shareholders seeking more detailed information [4]
Aya Gold & Silver Delivers Robust Boumadine PEA Highlighting High Return, Rapid Payback and a Capital-Efficient Project
Globenewswire· 2025-11-04 11:55
Core Insights - Aya Gold & Silver Inc. announced the results of its 2025 Boumadine Preliminary Economic Assessment (PEA), highlighting robust project economics and significant potential for the Boumadine Project in Morocco [1][5]. Economic Highlights - The PEA indicates a post-tax Net Present Value (NPV) of $1.5 billion at base case prices and $3.0 billion at spot prices, with an Internal Rate of Return (IRR) of 47% and 77% respectively [2][50]. - Initial capital expenditures are estimated at $446 million, with a payback period of 2.1 years at base case prices and 1.2 years at spot prices [4][50]. - Average annual production is projected at 401 thousand ounces (koz) of gold-equivalent (AuEq) in the first five years and 328 koz AuEq over the life of the mine (LOM) [4][21]. Project Parameters - The Boumadine Project has an 11-year mine life, with a total of 31 permits and licenses covering an area of 339 km² [6][9]. - The project will utilize a combined open pit and underground mining operation, with a processing capacity of 8,000 tonnes per day (tpd) [16][24]. Production and Processing - The flotation plant will produce three concentrates: zinc, lead, and pyrite, with total flotation recoveries of 96.1% for gold and 96.4% for silver [29][30]. - The average head grade for the first five years is expected to be 4.76 g/t AuEq, decreasing to 3.85 g/t AuEq over the LOM [7][24]. Capital and Operating Costs - The average cash cost is projected at $109 per tonne milled, with an All-in Sustaining Cost (AISC) of $1,021 per ounce AuEq produced [42][44]. - Total capital expenditures over the LOM are estimated at $786 million, including sustaining capital of $340 million [38][39]. Market and Offtake Agreements - Aya has received interest for potential off-take agreements for concentrates, particularly for the pyrite concentrate due to its high sulfur content and rising global demand [46][49]. Exploration Potential - There is significant potential for resource expansion beyond the current PEA study, with a 140,000-meter drilling program underway to explore additional mineralized zones [57][58]. Next Steps - The company plans to commence a feasibility study targeting completion by late 2027, alongside ongoing environmental and social assessments [64].
Tudor Gold Completes 2025 Exploration Program at Treaty Creek
Newsfile· 2025-11-03 10:00
Core Insights - Tudor Gold Corp. has completed its 2025 exploration program at the Treaty Creek Project, which is 80% owned by the company, located in Northwestern British Columbia's Golden Triangle [1][4] Drilling Highlights - The final drillhole GS-25-191-W1 confirmed continuity between high-grade mineralization in the 300 Horizon Zone and the 300 North Zone, with significant mineralized intercepts reported [2][3] - Notable results from GS-25-191-W1 include: - 4.12 g/t gold, 16.48 g/t silver, and 0.01% copper over 8.90m - 1.63 g/t gold, 4.89 g/t silver, and 0.02% copper over 10.70m - 1.88 g/t gold, 1.71 g/t silver, and 0.01% copper over 5.90m - 1.76 g/t gold, 1.74 g/t silver, and 0.01% copper over 6.80m [3][7] 2025 Exploration Program Overview - The program aimed to fill gaps between the 300N and 300H Zones and to explore potential high-grade SC-1 Zone-like structures, confirming and expanding high-grade corridors [4][5] - The ongoing reinterpretation of historical data is expected to identify further high-grade structural zones, which will be included in an upcoming Mineral Resource estimate [5] Future Plans - An updated Mineral Resource estimate is in preparation, incorporating approximately 15,000 meters of drill data from 2024 and 2025, with a target completion in Q4 2025 [6] - The updated model will utilize smaller 5mx5mx5m blocks for better resolution of high-grade gold mineralization [6] - Plans for underground ramp development to access the SC-1 Zone are contingent on permit approvals, with excavation expected to commence in Q3 2026 [8] Resource Overview - The Goldstorm Deposit at Treaty Creek has an Indicated Mineral Resource of 21.66 million ounces of gold at a grade of 0.92 g/t, along with significant copper and silver resources [19] - The Inferred Mineral Resource is 4.88 million ounces of gold at a grade of 1.01 g/t, indicating the potential for further exploration and resource expansion [19]