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Kodiak Copper expands MPD project in British Columbia
Yahoo Finance· 2025-10-21 11:13
Core Insights - Kodiak has agreed to acquire a 13.1km² claim package from Eagle Plains Resources, expanding its landholdings in the MPD project to 357km² [1] - The acquisition includes the Ketch claim block, which is strategically located next to the Ketchan deposit, indicating potential for further mineralization [1][2] - The company has initiated a 2,000-sample soil geochemical program targeting historical showings and new AI targets, with completion expected in November 2025 [1] Acquisition Details - The Ketch claim package will be acquired for 300,000 shares and a 2% net smelter return royalty, with an option to buy back 1% for $1.75 million (C$2.46 million) [4] - The agreement is subject to approval by the TSX-Venture Exchange [4] Project Potential - The Ketchan deposit, which has been drilled over an area of 1,800m x 500m, is a key component of the initial mineral resource estimate for MPD [2] - The newly acquired claims will allow Kodiak to expand operations in MPD Northwest, which features 24 known mineral occurrences, including six with significant porphyry-related copper-gold mineralization [5] - The initial resource estimate for the first four mineralized zones is expected in 2025, highlighting the project's potential [5][6] Strategic Vision - Kodiak's strategy to consolidate the MPD district over the past seven years has been crucial in generating the critical mass needed for the project [3] - The acquisition of the Ketch claim package is viewed as a logical next step to potentially extend the Ketchan deposit [4]
Fury Commences 10,000-Metre Drill Program at Eau Claire and Provides an Update on the Kipawa Rare Earths Project
Globenewswire· 2025-10-21 11:00
Core Viewpoint - Fury Gold Mines Limited has initiated a 10,000-metre drilling program at its Eau Claire Gold Project, aiming to enhance resource growth and mine planning [1][2]. Group 1: Eau Claire Gold Project - The drilling program is based on recommendations from a recent Preliminary Economic Assessment (PEA) and will focus on expanding resources along high-grade shoots, connecting current resources to the mineable portion, and identifying additional growth opportunities [7]. - Two drill rigs are currently operational at the Eau Claire site [1]. Group 2: Kipawa Rare Earths Project - Although the primary focus remains on precious metals, the company acknowledges the strategic importance of the Kipawa rare earths project and is encouraged by its potential [2]. - The Kipawa project, located 50 km east of Temiscaming, has historical Proven and Probable Reserves of 19.8 million tonnes grading 0.411% total rare earth oxides (TREO) [4]. - The company has established a new community council to engage with local and First Nation leadership, aiming to collaboratively advance the Kipawa project [3]. Group 3: Company Overview - Fury Gold Mines Limited is a Canadian-focused exploration company with a strong management team and board, committed to high standards in corporate governance, environmental stewardship, and community engagement [10]. - The company holds an 11.3 million common share position in Dolly Varden Silver Corp, representing 12.9% of issued shares [10].
Prismo Metals Announces Private Placement and Ripsey Gold Project Overlimit Silver Assay Results
Thenewswire· 2025-10-20 11:45
Core Viewpoint - Prismo Metals Inc. is conducting a non-brokered private placement to raise a minimum of $1,250,000 through the issuance of 12.5 million units at $0.10 per unit, aimed primarily at funding drilling activities at its Silver King project and for general corporate purposes [1][2]. Group 1: Private Placement Details - The private placement consists of 12.5 million units priced at $0.10 each, with each unit comprising one common share and one-half of a common share purchase warrant [1]. - Each warrant allows the holder to purchase one share at an exercise price of $0.175 for 36 months, with an accelerated expiry clause if shares close at or above $0.25 for ten consecutive trading days [1]. - The placement is available to existing shareholders under the Existing Securityholder Exemption, limiting individual investments to CAD$15,000 unless specific advice is obtained [7][8]. Group 2: Use of Proceeds - The net proceeds from the private placement will primarily be used for drilling at the Silver King project, with a planned first phase of at least 1,000 meters [2]. Group 3: Exploration Plans - The initial drilling phase aims to test the upper half of the Silver King mineralized body and adjacent areas, with potential for follow-up drilling based on results [3]. - Recent assays from the Ripsey mine indicate high-grade silver mineralization, with values ranging from 132 to 224 g/t Ag, confirming the quality of the mineralization along the Ripsey vein [11][12]. Group 4: Historical Context - The Silver King mine, discovered in 1875, was a significant silver producer in Arizona, yielding nearly 6 million ounces of silver at high grades, and is strategically located near the Resolution Copper project [14].
Aventis Energy Confirms High-Grade Uranium Mineralization up to 8.10% U₃O₈ at Surface on the Corvo Project
Globenewswire· 2025-10-20 11:30
Core Insights - Aventis Energy Inc. announced final assay results from its 2025 exploration program at the Corvo Uranium Project, confirming high-grade uranium mineralization with grades ranging from 0.72% to 8.10% U₃O₈ at the Manhattan Showing [1][4][5] Exploration Program - The exploration program took place from July 4 to July 16, 2025, involving detailed mapping and sampling across historical uranium showings [2][5] - A total of thirty grab samples were submitted for geochemical analysis, confirming several uraniferous outcrops and boulders across the Project [5][6] Assay Results - High-grade uranium mineralization was verified, with surface assays showing up to 8.10% U₃O₈ [4][7] - The results included significant findings at the Manhattan Showing, with uranium grades from various samples indicating strong mineralization potential [7][8] Future Plans - A ground gravity survey is scheduled for December 2025 to identify density anomalies related to hydrothermal alteration systems [4][9] - A maiden drill program is planned for early 2026 to test targets developed from the successful 2025 exploration programs [4][9] Geological Context - The Corvo Uranium Project is considered highly prospective for shallow, high-grade basement-hosted uranium mineralization, similar to the Rabbit Lake deposit [15][24] - The project is located just outside the current margin of the Athabasca Basin, featuring shallow drill targets with minimal cover [15][24]
Collective Mining Provides an Exploration Update: Significant Visual Mineralization Intersected in Expansion Drilling at Both the Guayabales and San Antonio Projects
Prnewswire· 2025-10-20 11:00
Core Insights - Collective Mining Ltd. has reported significant visual mineralization from new drill cores at the Guayabales Project's Ramp Zone and the San Antonio Project's Pound target, indicating potential for substantial mineral deposits [1][3][4] - The company is operating ten diamond drill rigs and is on track to complete approximately 60,000 meters of drilling in 2025 [1][4] - Following a recent financing round, the company has approximately US$145 million in its treasury, enabling it to advance its business plan through at least the end of 2027 [2][4] Guayabales Project - Six rigs are currently operational at the Guayabales Project, focusing on high-grade tungsten, gold, silver, and copper mineralization [4][10] - The recently completed drill hole APC143-D1 intersected significant mineralization at a depth of approximately 1,370 meters, marking the deepest drilling at the Apollo system to date [4][5] - Assay results for the Ramp Zone are expected within the next 4-6 weeks [5] San Antonio Project - Approximately 13,000 meters of diamond drilling has been completed at the San Antonio Project, with 9,500 meters focused on the Pound target [7][11] - Drill hole SAC-24 has shown strong visual mineralization starting at a shallow depth, with significant mineralization logged over a length of 225 meters [12] - The Pound target is characterized as a shallow porphyry-related, intermediate sulphidation, sheeted veinlet system, covering over 500 meters of strike length [12] Future Plans - The company plans to expedite drilling at both the Ramp Zone and the San Antonio Project by securing two additional deep capacity rigs, bringing the total to four [3][12] - Exploration at the Pound target continues to expand, with ongoing drilling expected to reveal a potentially large mineralized system [12] - Assay results for the San Antonio Project are anticipated in November 2025 [12]
Prospector Defines Multiple Gold Trends at Skarn Ridge: Drilling Highlights Include: 61.45 g/t Au over 1.9m and 4.64 g/t Au over 10m; 2.97 g/t Au over 25m; and 141 g/t Au over 0.5m
Newsfile· 2025-10-20 11:00
Prospector Defines Multiple Gold Trends at Skarn Ridge: Drilling Highlights Include: 61.45 g/t Au over 1.9m and 4.64 g/t Au over 10m; 2.97 g/t Au over 25m; and 141 g/t Au over 0.5mOctober 20, 2025 7:00 AM EDT | Source: Prospector Metals Corp.Surface Mapping and Sampling Extends Skarn Ridge Corridor an Additional 750m Along Trend: High-Grade Grab Samples Yield 57.8 g/t Au and 109 g/t AuSkarn Ridge is Located 4 kilometres Southwest of the Recently Discovered TESS Zone. The Gap Between These Two ...
Kodiak Strategically Expands MPD Project with Acquisition of Adjacent Claims and Initiates Soil Program
Newsfile· 2025-10-20 10:00
Kodiak Strategically Expands MPD Project with Acquisition of Adjacent Claims and Initiates Soil ProgramOctober 20, 2025 6:00 AM EDT | Source: Kodiak Copper Corp.Vancouver, British Columbia--(Newsfile Corp. - October 20, 2025) - Kodiak Copper Corp. (TSXV: KDK) (OTCQB: KDKCF) (FSE: 5DD1) (the "Company" or "Kodiak") today announces it has entered into a purchase agreement with Eagle Plains Resources Ltd. ("Eagle Plains") to acquire a claim package adjacent to Kodiak's 100% owned MPD Project ("MPD ...
Quimbaya Gold Identifies Key Structural Trends and Porphyry-Related Anomalies at Tahami Project
Newsfile· 2025-10-20 10:00
Core Insights - Quimbaya Gold Inc. has successfully completed high-resolution airborne Lidar surveys over its Tahami Center and Tahami Southeast zones, covering a total of 1,530 hectares, which will inform future exploration activities [1][6] - The survey has revealed significant structural and geomorphological insights, aiding in the identification of drill targets and geological mapping [2][3] Survey Overview - The Lidar survey utilized a fixed-wing aircraft equipped with high-resolution instrumentation, optimizing terrain modeling in rugged topography [6] - Two dominant structural trends were identified: NW-SE and NE-SW orientations, which align with regional porphyry emplacement controls [6] - Circular geomorphological anomalies, interpreted as potential surface expressions of intrusive porphyry centers, were mapped with dimensions of approximately 2 km x 1.7 km in the south and 1.2 km x 1.2 km in the north [6] Strategic Significance - The Lidar survey marks a critical technical milestone in Quimbaya's exploration strategy, enhancing the resolution of topographic and structural datasets, thereby improving targeting for mineralized centers [8] - The Tahami Southeast area is a newly defined target adjacent to Aris Mining's Segovia operations, expanding Quimbaya's exploration portfolio in a proven gold-producing district [9] Upcoming Milestones - Preliminary data delivery from the Lidar interpretation is expected within two weeks, followed by structural interpretation and anomaly mapping [7] - Ongoing activities include soil sampling and geological mapping at Tahami Center, prioritization of drill platform locations, and continued community engagement for responsible exploration [13] Board Appointment - Quimbaya Gold has appointed Juan Pablo Bayona to its Board of Directors, bringing extensive experience in the mining and financial sectors in Colombia, which will provide valuable insights as the company advances its exploration efforts [16] Company Overview - Quimbaya Gold aims to discover gold resources through exploration and acquisition in Colombia's prolific gold mining districts, focusing on three projects: Tahami, Berrio, and Maitamac, all located in Antioquia Province [19]
Lancaster Resources Completes Maiden NI 43-101 Technical Report at Lake Cargelligo Gold Project, Australia - Milestone Achieved As Gold Hits $4,300 per ounce
Globenewswire· 2025-10-17 12:00
Core Insights - Lancaster Resources Inc. has completed and filed its maiden National Instrument 43-101 Technical Report for the Lake Cargelligo Gold Project in New South Wales, Australia, coinciding with a surge in gold prices to an all-time high of US$4,300 per ounce, indicating strong global demand for exploration assets in stable jurisdictions [1][2][3]. Company Overview - Lancaster Resources Inc. is a Canadian exploration company focused on advancing a portfolio of critical mineral and gold projects in established mining jurisdictions, holding a 100% interest in the Lake Cargelligo Gold Project, which spans over 62,300 hectares [8][10]. Technical Report Highlights - The independent NI 43-101 Technical Report, prepared by Geos Mining, emphasizes the strong geological potential of the Lake Cargelligo Gold Project and outlines a clear roadmap for future exploration [5][6]. - Historical drilling results indicate significant exploration potential, with channel intercepts reported up to 16 meters at 5.83 grams per tonne (g/t) gold and 7.20 g/t silver, and rock sampling showing up to 204 g/t gold and 273 g/t silver [9]. - The report identifies multiple mineralization opportunities, including large-scale shear-hosted gold mineralization and orogenic-style gold hosted by quartz veins [9]. Exploration Strategy - The company plans to advance its exploration program, which includes recommendations for a Phase I exploration program involving geophysics, geochemistry, and initial drilling [9].
Collective Metals Confirms Strong Radioactivity at Surface During Successful Exploration Program at the Rocas Uranium Project
Globenewswire· 2025-10-16 21:00
Core Insights - Collective Metals Inc. announced preliminary results from its 2025 exploration program at the Rocas Uranium Project, confirming strong radioactivity at multiple historical uranium showings and identifying new radioactive anomalies [1][2][3] Exploration Program Overview - The Rocas project spans 4,002 hectares, located 75 kilometers southwest of the Key Lake Mine and Mill facilities, and approximately 72 kilometers south of the Athabasca Basin margin [2][15] - A detailed mapping and sampling program was conducted from September 30 to October 8, 2025, to validate historical uranium showings [2][3] Radioactivity Findings - Strong radioactivity was verified at multiple historical uranium showings, with several scintillometer measurements exceeding 10,000 counts per second (cps) at the surface [3][4] - New radioactive anomalies were discovered, indicating potential for uranium and Rare Earth Element (REE) mineralization [3][4] Geological Insights - Geological mapping confirmed the presence of deformed and hydrothermally altered basement lithologies along over 7.5 kilometers of exploration strike length [3][10] - A high-resolution ground gravity survey completed in 2024 highlighted potential alteration halos and high-priority exploration targets [3][10] Sampling and Analysis - A total of 16 outcrop and boulder grab samples were submitted for geochemical analysis, with notable findings including a peak radioactivity of over 33,000 cps at SMDI showing 5781 [4][6] - The prospecting confirmed several uraniferous outcrops and boulders, with readings of anomalous radioactivity recorded [4][10] Future Plans - The company plans to initiate its first drill program in 2026 to test high-priority zones along the main magnetic low/EM conductive corridor, which has not been drill-tested to date [7][8] - The Rocas Project is considered highly prospective for shallow, high-grade basement-hosted uranium mineralization, with historical grab samples showing values up to 0.498 wt.% U3O8 [8][15]