Mineral Resource Estimation
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Rapid Growth of High Grade Core Continues at La Verde
Prnewswire· 2026-01-20 12:00
Core Insights - Hot Chili Limited has reported significant assay results from its La Verde copper-gold discovery, highlighting the strategic importance of this project against a backdrop of record copper and gold prices [2][4][12] Drilling Results - The latest diamond drillhole DKD033 recorded 495 meters grading 0.38% copper and 0.10 g/t gold from a depth of 3 meters, including 123 meters grading 0.50% copper and 0.13 g/t gold from 289 meters depth [6][7] - Drillhole DKD034 returned 426 meters grading 0.37% copper and 0.08 g/t gold from 194 meters depth, with notable intersections including 220 meters grading 0.43% copper and 0.10 g/t gold from 322 meters depth [9][6] - The results indicate a significant expansion of La Verde's high-grade core, with further assays pending for six additional drillholes [5][11] Project Significance - Costa Fuego is identified as one of the few independent, large-scale, near-term copper projects globally, with a notable leverage to copper prices; for every US$0.10/lb increase in copper price above US$4.30/lb, the project's NPV increases by approximately US$100 million [3][12] - The addition of La Verde is expected to enhance the financial metrics of Hot Chili's March 2025 Pre-feasibility Study, with long-term consensus prices for copper and gold significantly higher than previous assumptions [12][3] Future Plans - Diamond drilling activities have resumed as of January 12, 2026, with plans to target further expansions of La Verde's high-grade core and additional lateral extensions [13][19] - The company anticipates providing further results as assays are received, indicating ongoing exploration efforts [13][11]
Centerra Gold’s Kemess Preliminary Economic Assessment Highlights Strong Economics that Support the Company’s Long-Term Growth Pipeline
Globenewswire· 2026-01-19 22:00
Core Insights - Centerra Gold Inc. has announced an updated mineral resource and a Preliminary Economic Assessment (PEA) for its Kemess project, indicating strong economic potential with an after-tax NPV5% of $1.1 billion and an IRR of 16% based on long-term metal prices of $3,000 per ounce of gold and $4.50 per pound of copper [3][4][36]. Mineral Resource and Economic Highlights - The updated mineral resource includes 3.3 million ounces of gold and 1.1 billion pounds of copper in the indicated category, and 3.6 million ounces of gold and 1.2 billion pounds of copper in the inferred category [7][23]. - The PEA outlines a 15-year mine life with average annual production of 171,000 ounces of gold and 61 million pounds of copper, at an all-in sustaining cost (AISC) of $971 per ounce [4][10][36]. - At spot prices of $4,500 per ounce of gold and $6.00 per pound of copper, the after-tax NPV5% increases to $2.8 billion, with an IRR of 29% [7][36]. Project Execution Strategy - The project will utilize an integrated mining strategy, starting with open pit operations followed by underground mining approximately two years later, optimizing the use of existing infrastructure [4][10][36]. - Initial non-sustaining capital expenditures are estimated at $771 million, with an additional $277 million planned for expansionary capital to support underground operations [17][18]. Exploration Potential - Significant exploration upside exists, with 28 kilometers of drilling completed in 2025, confirming mineralization continuity and identifying further resource growth opportunities [27][28]. - Future exploration will focus on infill drilling at the Kemess Main zone and resource extension at the Kemess Offset zone, with potential targets identified along the eastern extensions [28][29]. Community and Economic Impact - The Kemess project is expected to create over 700 jobs and generate substantial economic benefits for local communities and First Nations, reinforcing its role as a significant economic driver in British Columbia [34][32].
Recent announcement from Aura Mines is a positive step for Mining in Guatemala
Thenewswire· 2026-01-13 12:00
Core Viewpoint - The announcement of a construction license for the Era Dorado Project by Aura Minerals Inc. represents a significant milestone for mining development in Guatemala, with an expected production of over 1.6 million ounces of gold annually [1][2]. Group 1: Project Development - Aura Minerals Inc. has commenced early works on the Era Dorado Project, which aims to produce 100-120 thousand ounces of gold per year [1]. - The Era Dorado mine is expected to significantly boost the local and national economy [1]. - The Holly project, located 40 km north of the Era Dorado project, has an inferred mineral resource of 1.32 million tonnes at 6.46 g/t Au and 256 g/t Ag, equating to 270,000 ounces of contained gold and 11 million ounces of contained silver [2][6]. Group 2: Community and Environmental Considerations - Some local and municipal councils oppose the Holly project, but the development of the Era Dorado mine in a socially responsible manner may alleviate these concerns [2]. - The company has been working with the local community since 2022 to promote the benefits of responsible mining and the potential for job creation [3]. Group 3: Future Opportunities - The company continues to explore additional opportunities within Guatemala and other parts of Central America [3].
Banyan Gold Intersects Multiple High-Grade Mineralization Occurrences in Powerline and Airstrip Deposits, AurMac, Yukon, Canada
Accessnewswire· 2026-01-08 11:00
Core Insights - Banyan Gold Corp. has reported new high-grade gold intersections in the Powerline and Airstrip deposits at its AurMac Project in Yukon, Canada, indicating significant exploration potential and continuity of mineralization [1][2][3] Exploration Results - The recent drilling results confirm the extension of high-grade mineralization at the Powerline deposit and the continuity between Powerline and Airstrip deposits, with a notable 400 m mineralized gap between them [2][3] - High-grade mineralization was identified in the Airstrip deposit, with significant intersections such as 1.10 g/t Au over 66.6 m and 0.95 g/t Au over 29.6 m, indicating potential for further depth extension [3][6] - The Powerline deposit also showed high-grade intervals, including 2.02 g/t Au over 16.3 m and 5.60 g/t Au over 4.4 m, reinforcing the continuity of high-grade domains [7][8] Mineral Resource Estimates - The current Mineral Resource Estimate (MRE) for the AurMac Project includes an Indicated Resource of 2.274 million ounces of gold at an average grade of 0.63 g/t and an Inferred Resource of 5.453 million ounces at 0.60 g/t [20][21] - The MRE is based on a cut-off grade of 0.30 g/t gold, with the estimates constrained within an open pit shell optimized using specific economic parameters [23] Upcoming Events - Banyan Gold Corp. will participate in several upcoming industry conferences, including the BMO 35 Global Metals, Mining & Critical Minerals Conference and the Metals Investor Forum, providing opportunities for further engagement with investors [22][20]
Galantas Gold Announces Definitive Agreement to Acquire the Andacollo Oro Gold Project, Chile
Globenewswire· 2026-01-07 01:02
Core Viewpoint - Galantas Gold Corporation has entered into a share purchase agreement to acquire a 100% ownership interest in the Andacollo Oro Gold Project in Chile, marking a significant strategic move for the company and expected to be classified as a Fundamental Acquisition under TSX Venture Exchange policies [1] Project Overview - The Andacollo Oro Gold Project is located in the Coquimbo Region of Chile, approximately 55 kilometers southeast of La Serena, at an elevation of 1,100 meters, featuring a substantial permitted footprint with mining concessions, land title, and water rights [2] - The project includes existing infrastructure, extensive earthworks, and three leach pads, providing excellent access to services and a skilled workforce [2] Historical Resource Estimates - The historical mineral resource estimate indicates measured and indicated resources of 2.02 million ounces of gold from 130 million tonnes at a grade of 0.48 grams per tonne, with inferred resources of 5.06 million ounces from 358 million tonnes at a grade of 0.45 grams per tonne [3] - The project has a historical production record of 1.12 million ounces of gold from 1998 to 2018, with peak annual production of approximately 135,000 ounces [4] Geological and Technical Aspects - The project features a low-sulphidation epithermal, manto-style gold system, supported by a robust technical database from 1,600 drill holes totaling approximately 190,000 meters [5] - The project is adjacent to the Carmen del Andacollo porphyry copper mine, which produces about 45,000 tonnes of copper per year [6] Strategic Importance - The acquisition is seen as a transformative step for Galantas, enhancing its profile and scale by adding a large-scale, past-producing gold asset with existing infrastructure and a deep technical database [7] - The project offers multiple development pathways and significant exploration potential for additional gold and copper mineralization [8] Transaction Structure - The total cash consideration for the acquisition is structured at US$32 million, with staged payments over four years, reflecting a commitment to capital discipline [12] - The transaction includes the issuance of 91,313,890 common shares to the controlling shareholder of Dragones, representing 19.9% of Galantas' outstanding shares, subject to approvals [12][13] Financial Overview - As of December 31, 2025, Sol, the entity acquiring the project, reported total assets of approximately US$4.28 million and total liabilities of approximately US$4.34 million, resulting in a loss of US$67,521 [10] Exploration Opportunities - The project has significant exploration upside, with potential for grade enhancement through angle-drilling and opportunities to increase resources along strike and down-dip of known mineralization [25] - There are indications of high-grade copper targets and numerous unexplored gold-copper occurrences on the project [26] Conditions to Closing - The completion of the transaction is subject to board approval, regulatory requirements, and shareholder approvals, including minority approval requirements [31][28]
TSXV Gold Miner West Point Gold Corp. (TSXV: WPG) (OTCQB: WPGCF) Summary of Transformative 2025 and 2026 Outlook
Investorideas.com· 2026-01-06 16:37
Core Insights - West Point Gold Corp. experienced a transformative year in 2025, with significant exploration results and plans for 2026 that aim to enhance shareholder value [4][5]. 2025 Highlights - The company drilled over 9,000 meters in 2025 and plans to expand this to 15,000 meters in 2026 with the addition of a second drill rig [5][6]. - A new high-grade zone was discovered at the northeast (NE) Tyro, and the exploration target for the Tyro Main Zone was updated to between 19.5 to 31.2 million tonnes grading 2.0 to 3.0 g/t gold [8]. - The acquisition of the Baxter Spring project added to the company's Nevada portfolio, strengthening its position in the region [14]. - The company raised gross proceeds of C$13 million from financings, warrant, and option exercises in 2025 [5]. Key Drill Results - Significant drill results from the Gold Chain project include: - GC25-81: 36.6 m of 7.35 g/t gold, including 25.9 m of 9.95 g/t gold [9]. - GC25-84: 24.4 m of 5.92 g/t gold, including 12.2 m of 10.51 g/t gold [10]. - GC25-83: 16.8 m of 8.30 g/t gold, including 6.1 m of 17.61 g/t gold [10]. - Initial metallurgical testing indicated gold recoveries of up to 86% [12]. 2026 Outlook - The company plans to continue aggressive exploration at the Gold Chain project, focusing on completing the 15,000 m drill program and delivering a maiden resource estimate for the Tyro Main Zone [20]. - A 5,000 m drill program is planned for the Baxter Spring project to validate and expand known high-grade zones [23]. - Efforts to permit a maiden drill program at the Jefferson Canyon project are underway, with potential drilling in 2026 [24]. Corporate Developments - In 2025, the company closed an C$8 million financing and saw C$5 million in warrants and options exercised [17]. - Key management changes included the appointment of Derek Macpherson as President and CEO and the addition of experienced directors and advisors [18][19].
Tiger Gold Commences Trading on the Frankfurt Stock Exchange
TMX Newsfile· 2026-01-06 09:00
Core Viewpoint - Tiger Gold Corp. has commenced trading on the Frankfurt Stock Exchange, marking a significant step in expanding its visibility and international presence, particularly among European investors [1][2][3] Company Developments - The company has entered into several market awareness and investor relations agreements to enhance its market presence over the next 12 months [13][16][20] - Tiger Gold's Phase I drill program at the Quinchía Gold Project is ongoing, with two active rigs and a third scheduled for delivery in January [3][4] Project Details - The Phase I drilling program is planned for 10,000 meters, with 6,000 meters focused on infill and extension drilling at Tesorito to upgrade and expand the Mineral Resource [4] - The Quinchía Gold Project is located approximately 20 kilometers south of notable mining projects and benefits from excellent access to infrastructure and renewable energy [5][22] Mineral Resource Estimates - Current Mineral Resource estimates for the Miraflores and Tesorito deposits include inferred resources of 104 million tonnes at 0.47 g/t Au for 1.57 million ounces of gold [10] - The historical estimate for the Dos Quebradas deposit is 20.2 million tonnes at 0.71 g/t Au, equating to 459,000 ounces of gold, but this estimate has not been verified by Tiger Gold [11] Investor Relations Agreements - Tiger Gold has engaged ICP Securities Inc. for automated market-making services at a monthly fee of CAD $7,500 [13] - The company has also contracted Emerging Markets Consulting, LLC for a 12-month marketing campaign with an upfront fee of USD $200,000 [16] - Plutus Invest and Consulting GmbH will provide marketing and communications services for CAD $80,000 over 12 months [17]
NEVADA KING REVIEWS 2025 ACHIEVEMENTS AND 2026 EXPLORATION STRATEGY
Prnewswire· 2025-12-29 11:30
Core Insights - Nevada King Gold Corp. achieved significant milestones in 2025, enhancing its Atlanta Gold Mine Project and positioning for growth in 2026 [1][5] Group 1: 2025 Highlights - The updated NI 43-101 mineral resource estimate for Atlanta showed a 122% increase in measured and indicated resources, totaling over 1 million ounces of oxide gold within 27.7 million tonnes at a grade of 1.14 g/t Au [4][8] - Phase 2 metallurgical testing confirmed strong oxide recoveries and supported a simplified processing flowsheet, utilizing run-of-mine heap leaching and two-stage crushing [4] - A 30,000m Phase 3 drilling program identified multiple new oxide gold targets, establishing a pipeline of exploration opportunities [4] Group 2: Exploration Success - Silver Park East emerged as the most advanced new discovery, with drilling confirming a broad zone of near-surface oxide gold and silver mineralization over an area of approximately 450m x 300m [4] - Drilling at Atlanta South and Atlanta North, along with the identification of the Western Rim target, revealed extensive quartz veining with rock chip samples grading up to 20.8 g/t Au [4] Group 3: Leadership Team Strengthening - John Sclodnick was appointed CEO, bringing extensive capital markets experience [4] - Jeff Stieber joined as CFO, enhancing financial oversight with experience from precious metals companies [4] - Justin Daley was appointed VP of Exploration, contributing deep technical expertise [4] Group 4: Outlook for 2026 - Nevada King enters 2026 with a fully funded Phase 4 exploration program, including an initial 20,000m of drilling focused on advancing regional targets [4] - The company aims to continue expanding its resource base while minimizing costs [5]
Xali Gold Closes Acquisition of Pico Machay Gold Project
Globenewswire· 2025-12-24 21:20
Core Viewpoint - Xali Gold Corp. has successfully closed the acquisition of the Pico Machay Gold Project in Peru, which is at an advanced exploration stage and aims for near-term production [1][2]. Acquisition Details - The acquisition involved purchasing Minera Calipuy S.A.C., the owner of Pico Machay, from Pan American Silver Corp. and its subsidiary Aquiline Resources Inc. [1] - An initial cash payment of US$500,000 was made to finalize the acquisition, with total cash payments potentially reaching US$17 million over the next five years [2][4]. Payment Structure - The payment schedule includes: - US$1.5 million due on December 24, 2026 - US$1.5 million due on December 24, 2027 - US$4 million due on December 24, 2028 - US$3 million due on December 24, 2029 - US$4.5 million due upon the earlier of December 24, 2030, or the commencement of commercial production - An additional US$2.5 million contingent payment if mineral reserves exceed 1.25 million ounces [2][3][4]. Security and Guarantees - Payments are secured by Promissory Notes, a Share Pledge Agreement over Calipuy's shares, and a Mortgage Agreement over both Pico Machay and the Las Brujas II property [3]. - The Promissory Notes are guaranteed by Calipuy and Candente Gold Peru S.A.C., and do not accrue interest before maturity [3]. Project Potential - The historical resource estimate for Pico Machay was based on a long-term gold price of US$700 per ounce, indicating significant upside potential in the current gold price environment [2]. - The company plans to update the historical resource estimate and optimize previous engineering studies to advance the project towards production [2]. Mining Rights and Regulations - Calipuy holds 100% interest in 17 mining rights associated with the Pico Machay Project, all of which are in good standing and valid until 2039 if production has not commenced [5]. - There is a 1% Net Smelter Return royalty on the El Alcatraz 4 concession, which is perpetual and covers all metals [6]. Community Engagement - Xali Gold aims to engage with the local Santa Ana community to advance the Pico Machay Project under a mutually beneficial framework [10].
Panoro Minerals Ltd. Announces Closing of Final Tranche of Brokered LIFE Offering for Gross Proceeds of C$520,000
Globenewswire· 2025-12-23 14:29
Core Viewpoint - Panoro Minerals Ltd. has successfully closed the second tranche of its private placement, raising a total of C$3,438,200 to fund its Cotabambas Copper-Gold-Silver project and for general corporate purposes [1][3]. Group 1: Offering Details - The second tranche of the offering generated gross proceeds of C$520,000 from the sale of 1,300,000 units at a price of C$0.40 per unit [1]. - The total amount raised from the offering was C$3,438,200 from the sale of 8,595,500 units [1]. - Each unit consists of one common share and one common share purchase warrant, with warrants allowing the purchase of shares at C$0.60 until November 21, 2028 [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for infill drilling, metallurgical testing, pre-feasibility engineering, and an updated preliminary economic assessment for the Cotabambas Project [3]. - Additional funds will be used for working capital and general corporate purposes [3]. Group 3: Regulatory and Agent Information - The offering was conducted under the listed issuer financing exemption, allowing the units to be issued to Canadian purchasers [4]. - Red Cloud Securities Inc. acted as the lead agent, with Cormark Securities Inc. as co-agent, receiving a 6.0% cash commission on the gross proceeds [5]. Group 4: Company Objectives - Panoro is focused on completing technical objectives, including project optimization studies that will contribute to a preliminary economic assessment for the Cotabambas Project [8]. - The company is also engaged in discussions regarding potential strategic alternatives to advance the project into construction and operation [8].