Preliminary Economic Assessment
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Doubleview Gold Corp Announces Increased Footprint and Potential Volume at Its Hat Polymetallic Deposit in Northwestern British Columbia
Newsfile· 2025-10-01 11:45
Core Insights - Doubleview Gold Corp. has announced significant assay results from recent drill holes at its Hat Project, indicating an increased footprint and potential volume of the polymetallic deposit in Northwestern British Columbia [2][5][18] Summary by Sections Assay Results - Recent drill holes H093, H094, H095, and H096 have shown promising results, with significant copper equivalent (CuEq) values reported [3][5] - Notable intercepts include: - H093: 640.7m with 0.34% CuEq, including 133m with 1.03% CuEq [5] - H094: 510.0m with 0.22% CuEq [5] - H095: 110m with 0.91% CuEq [5] - H096: 681.4m with 0.37% CuEq, including 71.0m with 1.01% CuEq [5] Expansion of Mineralized Zone - The drilling results have expanded the apparent volume of the mineralized zone, extending beyond the previously outlined conceptual pit wall [5][12] - The footprint of the deposit has increased by approximately 400m x 330m [5][12] Future Assessments - The results will be incorporated into the ongoing Preliminary Economic Assessment (PEA) and a revised Mineral Resource Estimate (MRE) [5][18] - Additional assay data is expected to be released soon as drilling continues [5][18] Company Overview - Doubleview Gold Corp. is focused on the exploration and development of critical minerals, including copper, gold, cobalt, and scandium [25][27] - The Hat Deposit is recognized as a significant source of critical minerals in the region, with a resource estimate indicating substantial tonnage and metal content [27][28]
SONORO GOLD PROVIDES CORPORATE UPDATE
Globenewswire· 2025-09-30 12:00
Core Insights - Sonoro Gold Corp. is providing a corporate update on its mineral projects in Sonora, Mexico, specifically focusing on the Cerro Caliche Gold project and the San Marcial Gold-Silver project [1] Cerro Caliche Gold Project - The company plans to commission an updated Preliminary Economic Assessment (PEA) for the Cerro Caliche Gold project, which is currently in the permitting phase for an open pit, heap leach mining operation [2] - The current PEA, filed in August 2023, outlines a 9-year mining operation at a rate of 12,000 metric tonnes per day, based on a gold price of US $1,800 per ounce [2] - The updated PEA will incorporate a higher gold price, increased capital and operating cost estimates, and a revised mine plan aligned with recent updates to the Environmental Impact Statement (MIA) [3] - Sonoro holds 100% of the concession rights for the Cerro Caliche project and has secured surface rights covering an initial 3,908 hectares through an agreement with the owner of the Cerro Prieto Ranch [4] - By September 1, 2028, the surface rights will expand to cover the entire 5,007-hectare Cerro Prieto Ranch, including rights to the neighboring Cerro Prieto mine [5] - The updated PEA will be based on data from 55,360 meters of drilling, with assays reporting on approximately 30% of the identified mineralized zones [6] - Future drilling campaigns will aim to expand the resource estimate and extend the mine life, with the updated PEA expected to be completed by the first quarter of 2026 [8] San Marcial Gold-Silver Project - The company is considering a strategic reorganization, including a potential spin-out of the San Marcial gold-silver project into a wholly owned subsidiary, Oronos Gold Corp. [9] - If the spin-out occurs, Sonoro shareholders would own shares in both Sonoro and Oronos, with Sonoro focusing on Cerro Caliche and Oronos on San Marcial [10] - The San Marcial project consists of four contiguous mining concessions and was acquired in 2014, with 100% title held through its subsidiary [11] - Previous exploration revealed anomalous zones with gold and silver mineralization, suggesting potential for large mineralization [12] - The strategic reorganization aims to unlock unrecognized value in the San Marcial project and fund its development without diluting Sonoro shareholders' holdings [13]
NevGold Announces Updated Open-Pit, Heap-Leach Gold Mineral Resource Including 1,186,000 ozs Indicated and 548,000 ozs Inferred At Nutmeg Mountain in Idaho
Globenewswire· 2025-09-18 12:00
Core Viewpoint - NevGold Corp. announced an updated Mineral Resource Estimate (MRE) for the Nutmeg Mountain gold project in Idaho, highlighting the project's quality and growth potential in a favorable mining jurisdiction [1][3]. Summary by Relevant Sections Mineral Resource Estimate - The updated MRE indicates a total of 1.19 million ounces of Indicated Resources at a grade of 0.50 g/t Au and 548,000 ounces of Inferred Resources at a grade of 0.34 g/t Au [5]. - Compared to the 2023 MRE, the indicated tonnage increased by over 18% and inferred tonnage increased by over 100% [5]. - The mineralization starts at surface with a low strip ratio expected to be less than 1:1, which is advantageous for an open-pit, oxide, heap-leach gold project [5]. Project Details - Nutmeg Mountain is located in southwest Idaho, covering approximately 1,724 hectares, and consists of 210 federal unpatented claims, 12 patented claims, and 2 private leases [12]. - The project has a total of 940 drill holes, amounting to over 71,625 meters of drilling [12]. Future Plans - The company plans to conduct further metallurgical testwork and advance to a Preliminary Economic Assessment (PEA) to progress the project [5][14]. - High-priority drill targets have been identified for future exploration, focusing on both surface and deeper mineralization [14]. Geology and Mineralization - The Nutmeg Mountain deposit is characterized as a low-sulphidation epithermal gold deposit, with significant mineralization associated with hydrothermal brecciation and veining [15][16]. - The Main Zone contains the majority of the gold resources, with potential for vertical expansion through deeper drilling [17]. Environmental and Governance Initiatives - The company is exploring alternative energy sources such as geothermal, solar, and wind power to reduce the carbon footprint of the project [23]. Technical Reporting - A technical report on the updated MRE will be prepared in accordance with NI 43-101 standards and will be available on the company's website and SEDAR+ within 45 days of the announcement [26].
CEO.CA's Inside the Boardroom: High-Grade Gold Underpins Strong Returns in Amex Exploration's Updated PEA on Perron Project
Newsfile· 2025-09-17 16:33
CEO.CA's Inside the Boardroom: High-Grade Gold Underpins Strong Returns in Amex Exploration's Updated PEA on Perron ProjectSeptember 17, 2025 12:33 PM EDT | Source: CEO.CA Technologies Ltd.Toronto, Ontario--(Newsfile Corp. - September 17, 2025) - CEO.CA ("CEO.CA"), the leading investor social network in junior resource and venture stocks, shares exclusive updates with CEOs of junior mining explorers.Founded in 2012, CEO.CA, a wholly owned subsidiary of EarthLabs, Inc., is one of the most popul ...
Gunnison Copper Corp. Presents in Red Cloud's Virtual Webinar Series
Newsfile· 2025-09-12 10:30
Core Insights - Gunnison Copper Corp. is hosting a live virtual corporate update on September 15, 2025, at 2:00 PM ET, inviting shareholders and interested parties to participate [1][2] - The update will cover key developments including the first copper production at Johnson Camp Mine, the robust Preliminary Economic Assessment (PEA) of the Gunnison Project, and exploration potential in the Cochise Mining District [3] Company Overview - Gunnison Copper Corp. is a multi-asset pure-play copper developer and producer, controlling the Cochise Mining District with 12 known deposits within an 8 km economic radius in Southern Arizona [3] - The flagship Gunnison Copper Project has a Measured and Indicated Mineral Resource of over 831.6 million tons with a total copper grade of 0.31%, including 191.3 million tons at 0.37% and 640.2 million tons at 0.29% [3] - The PEA for the Gunnison Project indicates an NPV8% of $1.3 billion, an IRR of 20.9%, and a payback period of 4.1 years, with the project being developed as a conventional operation [3] Production and Assets - The Johnson Camp Asset is now in production, fully funded by Nuton LLC, a Rio Tinto Venture, with a production capacity of up to 25 million lbs of finished copper cathode annually [3] - Other significant deposits in the district, such as Strong and Harris, South Star, and eight additional deposits, have the potential to serve as economic satellite feeder deposits for the Gunnison Project [3] Industry Context - The update will emphasize the importance of "Made-in-America" copper, highlighting its relevance in the current market [3]
G2 Goldfields Announces C$49.5 Million Private Placement
Globenewswire· 2025-09-11 21:40
Core Viewpoint - G2 Goldfields Inc. has announced a non-brokered private placement of up to 15 million common shares at a price of C$3.30 per share, aiming to raise up to C$49.5 million for exploration and development in Guyana [1][2]. Group 1: Offering Details - The Offering is fully subscribed and expected to close in September 2025, pending customary conditions including Toronto Stock Exchange approval [2]. - Insiders are expected to subscribe for 325,000 shares, contributing C$1,072,500 to the gross proceeds [3]. - The Offering qualifies as a "related party transaction" under Multilateral Instrument 61-101, exempting the company from formal valuation and minority shareholder approval due to the participation not exceeding 25% of market capitalization [3]. Group 2: Financial Position and Future Plans - The CEO of G2 Goldfields emphasized that the Offering strengthens the company's financial position ahead of key milestones in Q4 2025, including an updated Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA) [3]. - The company has a legacy of discovering over 10 million ounces of gold in the Guiana Shield and continues to explore the potential of its mineral properties [4]. Group 3: Mineral Resource Estimate Highlights - The updated MRE for the Oko property includes: - 97,200 ounces of gold inferred within 4,976,000 tonnes at 0.61 g/t Au [4]. - 513,500 ounces of gold inferred within 3,473,000 tonnes at 4.60 g/t Au [6]. - 808,000 ounces of gold indicated within 3,147,000 tonnes at 7.98 g/t Au [6]. - 1,024,500 ounces of gold inferred within 12,062,000 tonnes at 2.64 g/t Au [6]. - 663,400 ounces of gold indicated within 10,288,000 tonnes at 2.01 g/t Au [6].
G2 Goldfields Announces C$49.5 Million Private Placement
Globenewswire· 2025-09-11 21:40
Core Viewpoint - G2 Goldfields Inc. has announced a non-brokered private placement of up to 15,000,000 common shares at a price of C$3.30 per share, aiming to raise up to C$49,500,000 for exploration and development in Guyana [1][2]. Group 1: Offering Details - The Offering is fully subscribed and expected to close in September 2025, pending customary conditions including Toronto Stock Exchange approval [2]. - Insiders are expected to subscribe for 325,000 shares, contributing C$1,072,500 to the gross proceeds [3]. - The Offering qualifies as a "related party transaction" under Multilateral Instrument 61-101, exempting the company from formal valuation and minority shareholder approval due to the participation not exceeding 25% of market capitalization [3]. Group 2: Financial Position and Future Plans - The completion of the Offering strengthens the company's financial position ahead of key milestones in Q4 2025, including an updated Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA) [3]. - The confidence of major shareholders highlights the quality of the company's assets and near-term strategy [3]. Group 3: Company Background - G2 Goldfields focuses on finding and developing gold deposits in Guyana, with a history of discovering over 10 million ounces of gold in the Guiana Shield [4]. - The company announced an Updated Mineral Resource Estimate for the Oko property in March 2025, detailing significant inferred and indicated resources [4][6].
Doubleview Gold Corp Announces Important High-Grade Copper and Gold Intercepts at Hat Polymetallic Deposit in Northwestern British Columbia
Newsfile· 2025-09-11 14:08
Core Insights - Doubleview Gold Corp. announced significant assay results from its 2025 drilling program at the Hat Polymetallic Deposit, indicating substantial high-grade copper and gold mineralization [1][5][10] - The recent drilling has expanded the mineralization footprint beyond the area considered in the maiden Mineral Resource Estimate reported on July 25, 2024 [1][5][10] - The drilling program has confirmed the robust mineralization profile of the Hat Deposit, with evidence of both shallow and deep mineralization horizons [2][10] Drilling Results - A total of 12 drill holes have been completed, totaling 8,506 meters (27,906 feet) as of September 11, 2025, with ongoing work [3][5] - Drill hole H090 reported a long interval of 241.8 meters (793.3 feet) with 0.15% CuEq, including 68 meters of 0.30% CuEq [8][9] - Drill hole H091 showed several intervals with elevated levels of CuEq, including 27 meters at 0.58% CuEq and a notable 5.26% CuEq over 1.2 meters [9][10] - Drill hole H092 demonstrated numerous long intervals of high CuEq, extending the zone of higher-grade mineralization to depth [9][10] Mineral Resource Estimate - The results from the recent drill holes will be incorporated into the next Mineral Resource Estimate, which is currently in progress [5][19] - The Hat Deposit is recognized as a significant source of critical minerals, including copper, gold, cobalt, and potential scandium [27][28] Market Context - The company is observing rising prices for key metals such as copper, gold, silver, and scandium, influenced by global market uncertainties and a renewed focus on strategic metals [20] - The mining industry is experiencing active consolidation, as illustrated by the potential merger of Teck Corporation with Anglo-American [20] Company Overview - Doubleview Gold Corp. is focused on identifying, acquiring, and financing precious and base metal exploration projects across North America, with a strong emphasis on British Columbia [25][26] - The company aims to enhance shareholder value through the acquisition and exploration of high-quality projects in critical minerals [25][26]
Allied Critical Metals Intersects 12 Metres of 4.27% Tungsten (WO3) Incl. 6 Metres of 8.39% Tungsten (WO3) at Its 100% Owned Borralha Tungsten Project in Northern Portugal
Newsfile· 2025-09-04 11:30
Core Insights - Allied Critical Metals Inc. has reported significant drilling results from its Borralha Tungsten Project, with drill hole Bo_RC_14/25 intersecting 12.0 metres at 4.27% WO3, including 6.0 metres at 8.39% WO3, marking one of the highest-grade tungsten intercepts in Western exploration [4][12][24] - The tungsten price has reached a new high of $545 USD/MTU, reflecting a 40% increase over the past four months due to rising demand and supply chain restrictions from non-Western countries [2][4] Company Developments - The ongoing 4,200-metre Reverse Circulation drill program at Borralha is aimed at updating the Mineral Resource Estimate (MRE) and conducting advanced metallurgical testing, with a Preliminary Economic Assessment (PEA) targeted for completion later this year [1][3][24] - As of July 30, 2025, approximately 2,500 metres of drilling have been completed across nine drill holes, with operations resuming on September 1, 2025, after a temporary pause due to seasonal fire safety restrictions [3][28] Technical Progress - The drilling program has confirmed the presence of high-grade tungsten mineralization, with visual observations of wolframite supporting the interpretation of a potentially enriched corridor within the breccia-hosted system [7][12] - The company plans to complete an additional 1,528 metres of drilling in the fourth quarter of 2025 to build on the successes achieved in July [1][27] Strategic Positioning - The Borralha Project is positioned as a critical asset for Western countries' strategic raw material supply, especially as tungsten is designated a Critical and Strategic Raw Material by both the European Union and the United States [24][32] - The project addresses supply vulnerabilities amid rising global demand and constrained Chinese exports, making it a key player in supporting defense readiness and other critical sectors [24][31]
RETRANSMISSION: Amex Exploration Perron Gold Project Delivers Strong Economics in Updated PEA
Newsfile· 2025-09-04 11:00
Core Viewpoint - Amex Exploration Inc. has released an updated Preliminary Economic Assessment (PEA) for its Perron gold project, indicating strong economic viability with significant post-tax returns and a phased production strategy aimed at minimizing risks and costs [3][5][6]. Economic Highlights - The updated PEA assumes a gold price of US$2,500 per ounce and a C$/US$ exchange rate of 1.38:1, projecting a post-tax Internal Rate of Return (IRR) of 70.1% and a post-tax Net Present Value (NPV) of C$1,085 million [5][6][49]. - Cumulative undiscounted post-tax cash flow is estimated at C$1,768 million, with C$1,273 million generated in the first 10 years of production [6][49]. - The project anticipates an average gold production of 112,000 ounces per year over the first decade [6]. Production Strategy - The project will be developed in two phases: Phase 1 involves a 4-year toll milling operation with a low initial capital cost of C$146.1 million, while Phase 2 includes the construction of an on-site processing plant with a capacity of 2,000 tonnes per day [7][10][38]. - Phase 1 is expected to produce an average of 102,000 ounces of gold annually at an All-in Sustaining Cost (AISC) of US$1,165 per ounce [7][12]. - Phase 2 will have a life of mine (LOM) of 17.5 years, with an average annual production of 95,000 ounces and a LOM AISC of US$1,061 per ounce [10][12]. Financial Analysis - The PEA indicates that at a spot gold price of US$3,400 per ounce, the project could achieve a post-tax NPV of C$1,841 million and an IRR of 107.6% with a payback period of 0.4 years [50]. - The total initial capital expenditure (CAPEX) for Phase 1 is estimated at C$146.1 million, netting to C$77.5 million after accounting for pre-production revenues [37][38]. - Growth CAPEX for Phase 2 is projected at C$191.6 million, which includes the costs of building the processing plant and acquiring necessary equipment [38]. Environmental and Social Considerations - The project aims to minimize environmental impact by utilizing mined-out open pits for tailings storage, thus avoiding the need for a traditional tailings management facility [17][36]. - An environmental and social scoping study is underway to identify key risks and issues associated with the project, ensuring compliance with regulatory requirements [58][59]. Stakeholder Engagement - The company has established a relationship of trust with the local Abitibiwinni First Nation and prioritizes stakeholder engagement through regular communication and consultation [60][61]. - Active community participation is emphasized as a core value, with plans to establish working and consultation committees by the end of 2025 [61].