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Allegiant Begins Extensive Core Drilling Program to Test High Grade Gold Discovery at Eastside Project's McIntosh Zone
Thenewswire· 2025-09-10 14:20
Core Insights - Allegiant Gold Ltd. has initiated a fully-funded 2,000 metre diamond core drill program at the McIntosh zone of the Eastside Gold-Silver Project to explore vertical extensions of high-grade gold discoveries [1][4] - The Eastside Project currently has an inferred resource of approximately 1.4 million ounces of gold and 8.8 million ounces of silver, with only a small portion of the area explored [1][8] - The 2025 drilling program aims to build on the success of the 2021 campaign, which reported the highest-grade intercepts at Eastside [4] Program Details - The current drill program will consist of three holes (ES-331, ES-337, ES-338) totaling around 2,000 metres, as part of a larger 20,000 metre drilling initiative [6] - Holes ES-331 and ES-338 will test vertical extensions of previously drilled holes down to 600 metres, while hole ES-337 is designed to intersect various structures in the high-grade zone [6] - Results from the drilling are expected in October and November 2025 [6] Historical Context - The 2021 drilling campaign returned significant results, including hole ES-243 which reported 148 metres of 2.6 g/t Au, and hole ES-239 which reported 3.1 metres of 39.0 g/t Au [6] - The exploration model for the Eastside Project is based on over 60,000 metres of drilling and various geological data, indicating a strong correlation between mineral grade and known structures [4] Company Overview - Allegiant Gold Ltd. owns three gold projects in the mining-friendly jurisdiction of Nevada, with the Eastside project being the flagship [9] - Less than 20% of the Eastside property has been explored, indicating significant potential for resource expansion [9] - Preliminary metallurgical testing suggests that both oxide and sulphide gold mineralization at Eastside can be processed through heap leaching [9]
Trident Resources Announces Option Agreement to Acquire Up to 100% Interest in Reindeer Project, Saskatchewan
Globenewswire· 2025-09-09 12:30
Core Viewpoint - Trident Resources Corp. has entered into a property option agreement to acquire up to a 100% interest in the Reindeer Project, located in Saskatchewan, which is expected to enhance its exploration portfolio in a region known for gold and base metals deposits [1][7]. Acquisition Highlights - The Reindeer Project consists of 10 contiguous mineral claims covering 26,910 hectares in northern Saskatchewan, situated along a major geological fault system known for hosting significant gold deposits [3][8]. - The property is strategically located near key uranium operations and is not subject to any royalties, with claims in good standing until at least October 2027 [4][8]. - Historical work on the property has identified multiple mineral showings, including gold, copper, zinc, and silver, with notable grades such as 0.16–0.60 oz/t Au and up to 0.77% Cu [8]. Strategic Importance - The acquisition connects Trident's Knife Lake and Greywacke projects, facilitating a consolidated exploration corridor that allows for more efficient and cost-effective exploration [7][8]. - The Reindeer Project is viewed as the largest land acquisition to date for Trident, providing significant opportunities for new discoveries in a highly prospective area [7][8]. Agreement Terms - The agreement allows Trident to acquire the property through staged payments and share issuances, with specific terms for earning interests at 50%, 75%, and 100% [8][14]. - If Trident does not acquire the full 100%, a joint venture will be formed to advance the property further [9].
First Majestic Reports Positive Exploration Results at Los Gatos
Newsfile· 2025-09-03 20:34
Core Viewpoint - First Majestic Silver Corp. announced positive exploration results from its drilling programs at the Los Gatos Silver Mine, indicating significant mineralization of silver and base metals, which supports expectations for meaningful growth in Mineral Resources [1][2][3] Exploration Results - The exploration drilling targeted the South-East Deeps, Central Deeps, and North-West Deeps zones, with significant mineralization intersected across all three areas [3][7][11] - Notable drill hole intercepts include: - South-East Deeps: GA-SE-611 reported 9.0 meters at 366 g/t AgEq, including intervals with grades up to 742 g/t AgEq [3][4][16] - Central Deeps: GA-CZ-617 reported 3.7 meters at 534 g/t AgEq, with significant zinc and lead grades [5][16] Company Strategy - The acquisition of Gatos Silver was driven by the exploration potential of the Los Gatos district, and the latest drilling results reinforce this strategic decision [2] - Ongoing drilling aims to expand mineralization and confirm the continuity of the orebody, with future drilling planned to target down-plunge potential [8][11] Technical Details - The drilling programs follow established Quality Assurance/Quality Control protocols, ensuring the reliability of the assay results [20][21] - Significant intervals are calculated using length-weighted averages of uncapped sample assays, with a minimum AgEq grade of 140 g/t [19] Future Outlook - The company plans to continue its exploration efforts throughout 2025, with a focus on refining areas of interest and confirming mineralization controls in the Central and North-West Deeps zones [11][12]
Drilling Commences at Sherlock Crossing Gold-Antimony Prospect
Globenewswire· 2025-09-03 20:15
Core Viewpoint - The company is excited to initiate reverse circulation (RC) drilling at the Sherlock Crossing Project in West Pilbara, targeting high-grade gold-antimony mineralization, marking a significant milestone in its exploration strategy [2][4][6]. Exploration Activities - The maiden RC drilling program at Sherlock Crossing consists of 8 holes over approximately 1,000 meters, focusing on high-grade Au-Sb mineralization at the historic Clarke Mine [6][7]. - The company is also advancing geological understanding at the Southeast Wyloo prospect through reconnaissance field mapping and sampling, preparing it for drilling [4][10]. - In New South Wales, the company is actively exploring its gold assets, including ongoing fieldwork at Tibooburra and progressing regulatory approvals for the John Bull Gold Project, with drilling expected to commence in Q4 2025 [5][24][27]. Results and Findings - Previous rock chip sampling at Sherlock Crossing yielded grades of up to 4.7% Sb and 146.7 g/t Au, indicating strong potential for mineralization [7][8]. - Peak results from the Wyloo project include 482 g/t Ag, 1.29% Sb, and 0.93 g/t Au, confirming coherent Sb-Ag-Au anomalies in the area [6][11]. - The company anticipates completing the RC drilling at Sherlock Crossing by September 2025, with results expected in mid-October [21]. Future Plans - The company plans to conduct follow-up drilling at the Wyloo project in Q4 2025, pending necessary approvals [23]. - At the Balla Balla gold project, follow-up work is planned to assess polymetallic anomalies identified in the Q2 2025 drilling program [18][20]. - The company is also preparing for a maiden RC drilling program at the John Bull Gold Project, targeting four key areas [27].
Canterra Minerals Defines Multiple Large-Scale Drill Targets from Property-Wide 3D IP Survey at the Buchans Project and Begins Discovery-focused Phase 3 Drilling
Globenewswire· 2025-09-03 11:01
Core Insights - Canterra Minerals Corporation has identified multiple large-scale, high-priority anomalies at its Buchans Project in Central Newfoundland through a deep-penetrating 3D Induced Polarization survey, indicating potential for significant mineral discoveries [1][4][5] Survey Results - The 3D IP survey defined five primary large-scale anomalies with geophysical signatures comparable to known mineralized zones, suggesting the presence of significant sulphide accumulations [5] - The survey successfully imaged the subsurface to depths of up to 800 meters, surpassing the limits of most historical exploration efforts [5] Drilling Program - Canterra has initiated Phase 3 of its fully funded 10,000-meter drill program, with 6,000 meters currently underway targeting the highest-priority IP anomalies [2][9] - New drill targets include Sandfill Deep, Clementine South, West Clementine, and Nu Area, each characterized by significant geophysical anomalies [10] Historical Context - The historic Buchans Mine was one of the world's highest-grade VMS deposits, producing 16.2 million tonnes at an average grade of 14.5% Zn, 7.6% Pb, 1.3% Cu, 1.37 g/t Au, and 126 g/t Ag [5] Project Overview - The Buchans Project spans 95 km² and includes both the past-producing Buchans Mine and the undeveloped Lundberg deposit, which is characterized by near-surface stockwork sulphide mineralization suitable for open-pit development [12]
Harvest Gold Announces Mosseau Drill Program Update; Urban Barry Regional Till Program Completed
Thenewswire· 2025-08-28 17:10
Core Insights - Harvest Gold Corporation has commenced its diamond drill program at the Mosseau Gold Project, successfully completing the first five drill holes [1] - The drilling is focused on the northern part of the Mosseau property, which is characterized by historical gold showings and geological features that indicate strong potential for new discoveries [2] - The drill program is progressing on time and within budget, with effective collaboration from contractors ensuring efficient operations [3] Drilling Program Details - The northern mineralized corridor of the Mosseau property is a key focus area for the current drilling program, aimed at expanding known zones of mineralization [2] - Harvest Gold has completed its regional till sampling program ahead of schedule and under budget at the Urban-Barry property, which is intended to identify new geochemical vectors for potential gold mineralization [4] - A total of 137 till samples were collected from the planned 145, with most samples taken from depths of at least one meter to reach lodgment till, which is crucial for identifying gold mineralization [6][7] Company Overview - Harvest Gold Corporation is focused on exploring near-surface gold deposits and copper-gold porphyry deposits in stable mining jurisdictions, with a management team that has over 400 years of collective geological and financing experience [8] - The company has three active gold projects in the Urban-Barry area, covering a total of 20,016.87 hectares across 377 claims [9] - The Mosseau Gold Project is located in a region that straddles the Eeyou Istchee-James Bay and Abitibi territories, with a commitment to building positive relationships with local Indigenous communities [9][10]
GoldHaven Resources Announces Summer Exploration Plans on Magno & Three Guardsman Projects
Globenewswire· 2025-08-21 12:30
Core Viewpoint - GoldHaven Resources Corp. has initiated exploration efforts at its 100%-owned Magno and Three Guardsman projects in Northern British Columbia, with a fully funded exploration program for 2025 aimed at advancing these highly prospective assets [1][2]. Group 1: Magno Project - The Magno Project spans 30,573.53 hectares and is located within the Liard Mining Division, accessible via Highway 37, facilitating future exploration [3]. - The project contains critical metals such as tin, indium, zinc, silver, gold, tungsten, and gallium, which are essential for various industries including electronics and green energy technologies [4]. - The exploration program will employ a ten-person geological team to systematically cover over 30 kilometers of the Cassiar Terrane, focusing on skarn and replacement-style mineralization [5]. - Historical sampling has returned significant values, including 110 to 1,749 ppm tin and up to 5.58% zinc, indicating the project's mineralization potential [6]. - The exploration aims to enhance understanding of critical metals' distribution and refine targets for future geophysical surveys, with the ultimate goal of discovering a gold- and copper-rich system at depth [7]. Group 2: Three Guardsman Project - The Three Guardsman Project consists of 14 contiguous mineral tenures covering 16,234 hectares and is strategically located near Haines Junction [10]. - Historical exploration has identified copper, gold, silver, molybdenum, zinc, and magnetite mineralization, with potential for gold-enriched systems [11]. - The exploration strategy includes geochemical and geophysical surveys to identify granitic intrusions that may represent porphyry sources associated with observed skarn mineralization [12]. - Following the Magno field program, a 10-day exploration campaign is planned for the Three Guardsman Project, building on previous geological mapping and systematic rock sampling [13][15]. - The project is positioned as a compelling opportunity in the search for critical, strategic, and base metals, with a focus on high-priority porphyry and skarn targets [17]. Group 3: Company Overview - GoldHaven Resources Corp. is a Canadian junior exploration company focused on acquiring and exploring highly prospective land packages in North and South America, including the flagship Magno Project and the Three Guardsman Project [19].
Toronto Stock Exchange, AbraSilver Resource Corp., The View from the C-Suite
Newsfile· 2025-08-19 15:15
The "View From The C-Suite" video interview series highlights the unique perspectives of listed companies on Toronto Stock Exchange and TSX Venture Exchange. These videos provide insight into how company executives think in the current business environment. To see the latest "View From The C-Suite" visit https://www.tsx.com/en/c-suite. About AbraSilver Resource Corp (TSX: ABRA) AbraSilver is an advanced-stage exploration company focused on rapidly advancing its 100%-owned Diablillos silver-gold project in t ...
Max Resource Secures Rights to Acquire 100% of the Mora Gold-Silver Title Adjacent to the Marmato Gold Mine and the Apollo Gold Discovery in Colombia
Newsfile· 2025-08-19 13:30
Core Viewpoint - MAX Resource Corp. has secured rights to acquire 100% of the Mora Gold-Silver Title, which is strategically located adjacent to the Marmato Gold Mine and the Apollo Gold Discovery in Colombia, indicating significant potential for exploration and development in a productive mining region [2][5][19]. Acquisition Details - The acquisition involves a Purchase Agreement with Inversiones Villamora S.A.S., allowing MAX to earn up to 100% ownership of the Mora Title, which spans 713 hectares [2][23]. - The payment structure includes an initial payment of $50,000, followed by additional payments totaling $2.3 million, contingent on certain milestones [23][25]. Geological Significance - The Mora Gold-Silver Title is situated within the Middle Cauca Gold Belt, known for major gold deposits, and is adjacent to Aris Mining's Marmato mine, which has reserves of 31.3 million tonnes at 3.2 g/t Au [3][7]. - The title covers 40 historic workings and 5 active mines, with channel sample results indicating high-grade mineralization, including 45.0 g/t gold and 7,110 g/t silver over 1 meter [3][5][19]. Exploration Potential - The geological characteristics of the Mora Title are similar to those of the Marmato mine, suggesting potential for bulk tonnage porphyry-related gold deposits [8][19]. - Initial exploration plans include collecting historic data, mapping all workings, and conducting geological sampling to assess the property further [19][21]. Historical Context - Previous exploration on the Mora Title has been limited, primarily consisting of artisanal mining, with historical reports indicating high-grade gold and silver veins [15][16]. - A reconnaissance visit in April 2025 confirmed the presence of polymetallic mineralized structures across a significant strike length [13][19]. Next Steps - The company aims to conduct a comprehensive assessment of the Mora Property, focusing on mapping and sampling to initiate further exploration stages [19][21].
Hi-View Makes New Copper Zone Discovery At 100% Owned "Golden Stranger Project", Toodoggone District
Thenewswire· 2025-08-19 07:01
Core Insights - Hi-View Resources Inc. has completed a work program on its Golden Stranger Project, making a significant discovery of a new copper zone [1][2][3] - The exploration efforts have delineated a 2 km northwest-trending structural corridor connecting the Golden Stranger zone and the newly named Golden Acquaintance zone [3][7] - The company is now permitted to conduct a comprehensive multi-phase drill program of up to 45 sites based on enhanced surface data [3][11] Exploration Update - Ground geophysics, soil sampling, and prospecting have been completed on the Main Block, including a magnetic-VLF survey covering 45.6 line-km [6][7] - A total of 67 soil samples and 63 rock samples were collected, revealing a new copper zone with samples containing up to 1% malachite and other copper minerals [6][7] - On the Eastern Block, 164 soil and 15 rock samples were collected to test regional northwest structures identified in previous surveys [8][11] Historical Context - Historical drilling highlights include 10 meters at 11.55 g/t gold and a pre-NI 43-101 estimate of 498,905 tonnes at 2.74 g/t gold [13] - In 2024, sampling yielded up to 111.5 g/t gold and 2,740 g/t silver, indicating significant exploration potential [13]