Preliminary Economic Assessment
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Q2 Metals Extends Known Mineralized Zone with 179.2 Metre Intercept of 1.24% Li₂O at the Cisco Lithium Project
Globenewswire· 2026-01-22 12:00
Core Viewpoint - Q2 Metals Corp. has reported positive analytical results from its 2025 drill program at the Cisco Lithium Project, indicating significant growth potential and the upcoming delivery of an inaugural inferred Mineral Resource Estimate in Q1 2026 [2][3]. Exploration and Drilling Results - The 2025 Drill Program included a total of 74 drill holes, amounting to 31,961 meters, with ongoing drilling focused on infill drilling to upgrade inferred resources to indicated status [4][7][29]. - Drill hole CS25-065 revealed a mineralized pegmatite interval of 179.2 meters at an average grade of 1.24% Li2O, extending the known Mineralized Zone to the north [4][16]. - Drill hole CS25-057 encountered a 49.8-meter interval averaging 1.41% Li2O, consistent with previous drilling results [4][16]. - The Exploration Target published in July 2025 estimated potential lithium mineralization of 215 to 329 million tonnes at grades ranging from 1.0% to 1.38% Li2O based on the first 40 holes drilled [6][28]. Future Plans and Objectives - The company aims to complete an inaugural Preliminary Economic Assessment by late 2026, with a primary focus on upgrading the inferred mineral resources [3][29]. - The ongoing exploration program will also test areas surrounding the Mineralized Zone to further assess the project's potential [17][29]. Corporate Developments - Q2 Metals has granted stock options and performance share units to its directors and officers as part of its Equity Incentive Plan, aimed at aligning interests with shareholder value [20][21]. - The company is actively participating in upcoming industry events, including the Vancouver Resource Investment Conference and the Prospectors & Developers Association Convention [23].
Azimut to Conduct 10,000-metre Drill Program to Expand the Patwon Gold Deposit on the Elmer Property, James Bay region, Québec
Globenewswire· 2026-01-22 11:30
Core Viewpoint - Azimut Exploration Inc. is initiating a new work phase to expand the Patwon Gold Deposit on its Elmer Property in Québec, supported by favorable gold prices and an internal scoping study conducted in 2025 [1][2]. Group 1: New Work Phase and Drilling Program - The planned program includes a 10,000-metre diamond drill initiative aimed at expanding the known gold resource and testing defined targets near Patwon [2]. - Following positive results, the company will update the NI 43-101 mineral resource estimate and conduct a preliminary economic assessment (PEA) [2]. Group 2: Resource Estimates and Growth Potential - The 2023 NI 43-101 compliant mineral resource estimate indicated 311,200 ounces of indicated resources at a grade of 1.93 g/t Au and 513,900 ounces of inferred resources at a grade of 1.94 g/t Au, using a gold price of US$1,800 per ounce [6][15]. - At a higher gold price of US$2,160 per ounce, the estimate showed 322,900 ounces at 1.76 g/t Au (indicated) and 363,600 ounces at 2.04 g/t Au (inferred) [3][15]. - A systematic review of previous drilling data suggests potential resource growth to the west, with a target zone of 350 metres on-strike by 400 metres vertically, indicating a higher-grade gold rake that has not yet been tested [4]. Group 3: Technical Studies and Property Overview - Contingent on positive drilling results, Azimut plans to initiate advanced technical studies, including metallurgical testwork, geochemical characterization, rock mechanics data collection, energy and infrastructure assessment, and environmental baseline studies [7][6]. - The Elmer Property consists of 658 claims covering a 42.8-kilometre strike length, located in a region with excellent infrastructure, including road access and hydroelectric power [8][6]. Group 4: Company Background and Shareholder Information - Azimut is recognized for its mineral exploration capabilities and holds the largest mineral exploration portfolio in Québec, focusing on gold, copper, nickel, and lithium [10]. - The company has strategic investors, Agnico Eagle Mines Limited and Centerra Gold Inc., holding approximately 11% and 9.9% of the company's shares, respectively [11].
Zephyr Announces Private Placement
TMX Newsfile· 2026-01-21 12:40
Core Viewpoint - Zephyr Minerals Ltd. is initiating a non-brokered private placement financing to raise up to $200,000 by issuing up to 4,000,000 units at a price of $0.05 per unit, which will support its operations and advance permitting for the Dawson Gold project [1][3]. Group 1: Private Placement Details - The private placement will consist of units, each comprising one common share and one common share purchase warrant, with warrants allowing the purchase of additional shares at $0.10 for two years [1]. - Proceeds from the private placement will be allocated for general working capital and to advance permitting on the Dawson Gold project [3]. - Certain insiders of the company are expected to participate in the private placement [3]. Group 2: Dawson Gold Project Updates - Zephyr has completed the first quarter of a groundwater monitoring and analytical program at the Dawson Gold deposit, with the full program expected to conclude by the end of 2026 [2]. - The company plans to resubmit a mining permit application to the Colorado Division of Reclamation, Mining and Safety for its 100%-controlled Dawson Gold property upon receiving all analytical data [2]. - The Dawson Gold Deposit has an inferred mineral resource of 343,000 tonnes grading 12.11 g/t for 133,500 ounces of gold, with significant exploration potential remaining [6]. Group 3: Regulatory and Market Context - The Zimbabwean Government has appointed a new Minister of Mines, which is viewed positively regarding the granting of two Exclusive Prospecting Orders covering 124,000 hectares applied for in 2021 [3][7]. - The private placement is subject to customary closing conditions, including approval from the TSX Venture Exchange [4].
Roxmore Resources Reports Drill Results From Drill Program at the Converse Project, Battle Mountain - Eureka Trend Nevada
Accessnewswire· 2026-01-20 12:30
Core Insights - Roxmore Resources Inc. has reported significant drilling results from its Converse Gold Project, indicating robust gold mineralization and continuity [1][3][5] Drilling Results - The drill hole CV25-007C intersected 194.5 meters grading 0.71 g/t gold from a depth of 190.2 meters, including higher-grade intervals of 12.5 meters at 1.14 g/t Au and 24.1 meters at 1.77 g/t Au [1][7][8] - The true thickness of mineralization in CV25-007C is estimated to be approximately 150 meters, with the highest individual gold assay returning 5.39 g/t Au [4][10] Geological Context - The geology of the Converse Gold Project shows similarities to the Phoenix deposit, which is currently being mined by Nevada Gold Mines [6] - The mineralization is controlled by sedimentary beds and high-angle fluid-feeding structures, with alteration intensity increasing toward these structures [10][11] Economic Assessment - The results from the ongoing drilling program will be incorporated into the updated geological model and the Preliminary Economic Assessment (PEA) studies [13] - Roxmore Resources is focused on advancing the Converse Gold Project, which contains 5.57 million ounces of Measured and Indicated Mineral Resources and 0.42 million ounces of Inferred Mineral Resources [14] Upcoming Catalysts - Further drill results are expected in Q1 2026, with the release of the Converse PEA anticipated in Q2 2026 [17]
Tiger Drills 139.6 m @ 0.9 g/t Au and Returns Higher-Than-Modelled Grades and Adds Ounces at Tesorito
TMX Newsfile· 2026-01-20 08:01
Core Insights - Tiger Gold Corp. has reported positive assay results from the first two drill holes of its ongoing campaign at the Tesorito deposit within the Quinchía Gold Project in Colombia, indicating strong potential for resource growth and improved confidence in mineralization [5][6][8]. Drill Results - The drill hole TSDH-68 returned 0.9 g/t Au over 139.6 m from 0.8 m downhole, including 30 m at 1.3 g/t Au, and TSDH-67 returned 0.7 g/t Au over 68 m from surface, including 1.7 g/t Au over 16 m [5][10][11]. - Both holes intersected strongly mineralized porphyry-hosted mineralization, with TSDH-68 showing higher-than-modelled grades in a sparsely drilled zone [9][11]. Drilling Campaign Details - The ongoing drill program consists of a 10,000-metre Phase 1 campaign aimed at expanding known mineralization and upgrading Inferred Mineral Resources to Indicated status [6][8]. - Two drill rigs are currently operational, with a third rig expected to arrive soon to enhance drilling efforts across high-impact targets [5][8]. Financial and Project Development - The company recently secured $16.3 million in financing to support its drilling activities and advance the Quinchía Gold Project towards pre-feasibility or feasibility-level studies [5][7]. - The Preliminary Economic Assessment (PEA) for the Quinchía Gold Project indicates a post-tax NPV (5%) of $534 million and an IRR of 21.3% based on a gold price of $2,650/oz [22]. Mineral Resource Estimates - The Quinchía Gold Project includes Mineral Resource estimates for the Miraflores and Tesorito deposits, with Inferred resources of 104 million tonnes at 0.47 g/t Au for 1.57 million ounces of gold [21][20].
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
Expanded mineral resource and strong exploration upside support long-term production potential Streamlined project execution driven by integrated open pit and underground mining strategy Existing infrastructure and staged capital investment result in lowered execution risk This news release contains forward-looking information about expected future events that is subject to risks and assumptions set out in the “Cautionary Statement on Forward-Looking Information” below. All figures are in United States doll ...
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].
Doubleview Confirms Metal Recoveries for Upcoming Mineral Resource Estimate and Preliminary Economic Assessment
TMX Newsfile· 2026-01-14 13:45
Core Viewpoint - Doubleview Gold Corp. has successfully finalized key metallurgical recovery data for its Hat Polymetallic Deposit, which supports the upcoming updated Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA) [1][4]. Metallurgical Recovery Data - The two-year metallurgical testing program has confirmed viable recoveries for multiple metals, with the following overall recoveries: - Copper (Cu): 85% - Gold (Au): 89% - Silver (Ag): 68% - Cobalt (Co): 78% - Scandium (Sc): 75% [2][3] - Notable breakthroughs include the recovery of high-grade scandium oxide (Sc₂O₃) from copper porphyry flotation tailings, indicating strong technical viability [3]. MRE and PEA Updates - The updated MRE and PEA will incorporate new metallurgical data and expanded drilling results from the 2025 field season, which included over 13,000 meters of drilling [4]. - Preparations for the 2026 field season are underway, with plans for continued exploration and resource enhancement at the Hat Project [4]. Leadership and Expertise - Farshad Shirvani, President and CEO, emphasized the significance of the metallurgical recoveries for the Hat Project and the potential for critical metals like scandium [5]. - Andrew Carter, the metallurgical program leader, has over 45 years of experience in extractive metallurgy and is recognized as a Qualified Person under National Instrument 43-101 [5][7]. Company Commitment - Doubleview is dedicated to the responsible development of its strategic asset, contributing to North America's supply of critical and electrification-enabling metals [6]. Company Overview - Doubleview Gold Corp. is a mineral resource exploration and development company based in Vancouver, focusing on precious and base metal projects across North America, particularly in British Columbia [9]. - The company aims to enhance shareholder value through the acquisition and exploration of high-quality projects involving gold, copper, cobalt, scandium, and silver [9]. Hat Polymetallic Deposit Details - The Hat Deposit is a significant polymetallic porphyry project with major resources of copper, gold, cobalt, and potential for scandium [11]. - The resource estimate includes: - Indicated: 150 million tonnes at 0.408% CuEq - Inferred: 477 million tonnes at 0.344% CuEq - Scandium potential is estimated at 300 to 500 million tonnes with an average grade of 40 ppm (0.004%) Sc₂O₃ [11].
Talisker Engages SGS Canada Inc. for a Preliminary Economic Assessment and Mineral Resource Update on the Bralorne Gold Project
Globenewswire· 2026-01-07 13:00
Core Viewpoint - Talisker Resources Ltd. has engaged SGS Canada Inc. to conduct a National Instrument 43-101 compliant Technical Report, which will include a Mineral Resource Estimate and Preliminary Economic Assessment for the Bralorne Gold Project, with completion expected in Q2 2026 [1][2] Group 1: Project Details - The Mineral Resource Estimate will update the previous estimate from 2023 and will include data from an additional 138 drill holes, totaling 31,093 meters of drill core, while accounting for depletion from areas mined in 2025 [1] - The Bralorne Gold Project is currently in the commissioning and ramp-up phase [1] - Third-party consultants have been engaged to study various aspects including mining, infrastructure, process, capital and operation costs, and economic studies, which will be incorporated into the Preliminary Economic Assessment [1] Group 2: Management Commentary - The President and CEO of Talisker expressed satisfaction in engaging SGS for the update, emphasizing the importance of the PEA in supporting current operations and future growth plans [2] - The PEA will include design and infrastructure criteria for the expansion of the Mustang Mine and the new Olympus Mine, providing an independent framework for the company's operations [2] Group 3: Compliance and Standards - The Mineral Resource Estimate will adhere to the Canadian Institute of Mining (CIM) Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines (2019) [2] - The Technical Report will comply with all disclosure requirements set out for NI 43-101, and the classification of the updated mineral resource will align with CIM Definition Standards for Mineral Resources and Mineral Reserves (2014) [2]
Galantas Gold Completes Acquisition of RDL Mining Corp. and Financings for Aggregate Gross Proceeds of $15.525 Million, and Announces Updated NI 43-101 Mineral Resource Estimate
Globenewswire· 2025-12-31 15:11
Core Viewpoint - Galantas Gold Corporation has successfully completed the acquisition of RDL Mining Corp and closed a significant private placement, positioning itself for further development of the Indiana gold/copper project in Chile [1][2][4]. Group 1: Acquisition and Transaction Details - The acquisition of RDL Mining Corp allows Galantas to potentially acquire a 100% interest in the Indiana Project, contingent upon meeting certain conditions [6]. - Each RDL Shareholder received approximately 44 million Galantas Shares, totaling around 132 million shares, representing about 10% of the issued shares post-transaction [7]. - The acquisition includes inferred mineral resources of 355,516 ounces of gold and 64,690 tonnes of copper [7]. Group 2: Financing and Offerings - Galantas completed a Brokered Offering of 186,250,000 units at $0.08 per unit, raising gross proceeds of $14.9 million [2][10]. - A Non-Brokered Offering was also completed, involving 7,812,500 Galantas Shares to settle a debt of $625,000 to Ocean Partners [2]. - The net proceeds from the Offerings will be allocated to exploration work on the Indiana Project and general corporate purposes [12]. Group 3: Mineral Resource Estimate - An updated independent mineral resource estimate for the Indiana Project was completed, reporting 4,932,000 tonnes with a grade of 2.24 g/t gold and 1.31% copper [19]. - The resource estimate is based on in-vein mineralization and does not include mineralized halos, which are planned for future updates [21][23]. - The Technical Report is prepared in accordance with NI 43-101 standards and will be filed on SEDAR+ [18][23]. Group 4: Project Advancement - Galantas plans to initiate mine design activities and prepare a Preliminary Economic Assessment (PEA) for the Indiana Project [24]. - Planned work includes resource definition drilling and geotechnical drilling to support underground mine design and optimization [25]. - A commercial off-take agreement has been executed with Ocean Partners for copper-gold concentrate, supporting future project development [27].