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RUGBY RESOURCES SHAREHOLDERS APPROVE ARRANGEMENT WITH PAMPA METALS
GlobeNewswire News Room· 2025-07-17 10:30
Vancouver, B.C., July 17, 2025 (GLOBE NEWSWIRE) -- Rugby Resources Ltd. (“Rugby”) (TSXV:RUG) and Pampa Metals Corp. (“Pampa”) (CSE:PM / FSE:FIR / OTCQX®:PMMCF) are pleased to announce the voting results for the special meeting of shareholders (the "Rugby Shareholders") of Rugby held on July 16, 2025 in Vancouver, British Columbia (the "Special Meeting"). At the Special Meeting, the Rugby Shareholders considered a special resolution (the "Arrangement Resolution") approving the previously announced statutory ...
Maxus Mining Expands Land Holdings at the Altura Antimony Project in British Columbia, Canada
Globenewswire· 2025-07-16 12:00
The Project is comprised of two claim blocks, Altura West, positioned on the area of Dolly Varden, and Altura East, positioned between Whitewater and Brennan Mountains roughly 29 kilometres northeast of New Denver, British Columbia. The region is recognized for its strong antimony, silver, and gold potential (Please see Figure 1). VANCOUVER, British Columbia, July 16, 2025 (GLOBE NEWSWIRE) -- Maxus Mining Inc. ("Maxus" or the "Company") (CSE: MAXM | FRA: R7V), is pleased to announce that the Company has exp ...
Greenridge Exploration Announces Exploration Plans at its Hook-Carter Uranium Project with Denison Mines
Globenewswire· 2025-07-16 12:00
Core Viewpoint - Greenridge Exploration Inc. has initiated a work program at its Hook-Carter Uranium Project in Saskatchewan, Canada, focusing on identifying new drill targets along the Patterson Lake Corridor, which is known for significant uranium deposits [1][2][3]. Group 1: Project Overview - The Hook-Carter project consists of eleven claims covering 25,115 hectares and is strategically located approximately 147 kilometers northeast of La Loche, Saskatchewan [2]. - The property is interpreted to host the northeastern strike extension of the Patterson Lake Corridor, which includes notable uranium deposits from companies like NexGen Energy Ltd. and Paladin Energy Limited [2][3]. - The project also overlaps with the Carter and Derksen corridors, which are considered highly prospective for uranium mineralization [3]. Group 2: Exploration Program Details - The 2025 exploration program will include a six-line MLTDEM survey, enhancing the resolution of previous surveys from 1,200 meters to 600 meters [4]. - A joint inversion of the 2025 MLTDEM data, the 2023 ZTEM airborne survey, and historical resistivity data is planned to improve targeting models for future drilling [7]. - The MLTDEM survey is set to commence in August 2025 from a temporary work camp on the property, with ongoing engagement with local communities [8]. Group 3: Joint Venture and Financial Aspects - The Hook-Carter joint venture was established in 2016, with Denison Mines Corp. holding an 80% interest and Greenridge holding 20% [9]. - Denison has invested approximately $7.08 million in exploration expenditures at Hook-Carter since 2016, which includes surface and airborne geophysical programs and nearly 12,000 meters of diamond drilling [9]. - In May 2024, the joint venture agreement was amended, allowing Greenridge to assume ALX Resources Corp.'s 20% interest in the project following its acquisition [10].
Nexus Uranium Intersects Uranium Mineralization at Cree East in Unconformity Test from Winter Drill Program
Newsfile· 2025-07-16 11:00
Nexus Uranium Intersects Uranium Mineralization at Cree East in Unconformity Test from Winter Drill Program July 16, 2025 7:00 AM EDT | Source: Nexus Uranium Corp. Vancouver, British Columbia--(Newsfile Corp. - July 16, 2025) - Nexus Uranium Corp. (CSE: NEXU) (OTCQB: GIDMF) (FSE: 3H1) ("Nexus" or the "Company") is pleased to report assay results from its 2025 winter drill program at the Cree East Project in the Athabasca Basin, Saskatchewan. The program comprised five unconformity drill tests, one of which ...
Miata Metals Intersects Wide Intervals of Veining at the Puma Target on the Sela Creek Gold Project in Suriname
Globenewswire· 2025-07-16 08:00
Core Viewpoint - Miata Metals Corp. has reported promising initial drilling results at the Puma Target within its Sela Creek Gold Project in Suriname, indicating significant potential for gold mineralization based on the company's predictive vein model [1][4][11]. Drilling Results - The first two drill holes, 25DDH-SEL-018 and 25DDH-SEL-019, have intersected wide zones of intense quartz veining and alteration, which are strong indicators of a significant mineralization system [2][4][5]. - Hole 25DDH-SEL-018 encountered a weathered oxide zone to 75 meters, followed by a 60-meter interval of increased quartz veining [6]. - Hole 25DDH-SEL-019 intersected four distinct vein zones between 80 and 195 meters, displaying characteristic textures associated with mineralization [6][8]. Exploration Program - The company is conducting a 10,000-meter drilling campaign while simultaneously advancing a regional generative exploration program, which includes new sampling and mapping to identify additional high-prospectivity areas [2][12]. - A grab sample from an artisanal miners' ore pile at the Aplito prospect yielded an impressive assay of 675 g/t Au, highlighting the potential for high-grade mineralization beyond current targets [5][14]. Geological Model and Targeting - The drilling at Puma has confirmed the geological model developed through surface mapping and previous drilling, reinforcing confidence in the company's targeting approach [4][8]. - The Puma Target encompasses approximately 2.7 km of strike length and 400 m in width, situated in a historically active yet underexplored gold district [11]. Future Plans - Miata Metals intends to launch a comprehensive stream sediment and soil sampling program aimed at exploring underexplored areas trending toward the Guyana Shield Shear Zone, with plans to generate over 1,000 samples [15].
Miata Metals Intersects Wide Intervals of Veining at the Puma Target on the Sela Creek Gold Project in Suriname
GlobeNewswire News Room· 2025-07-16 08:00
Core Insights - Miata Metals Corp. has reported initial drilling results from the high-priority Puma Target at the Sela Creek Gold Project in Suriname, indicating wide zones of intense veining consistent with the company's predictive vein model [1][3][5] Drilling Results - The first two drill holes, 25DDH-SEL-018 and 25DDH-SEL-019, have intersected significant veining and alteration, which are strong indicators of potential gold mineralization [2][3][5] - Hole 25DDH-SEL-018 encountered a weathered oxide zone to 75 meters, followed by a 60-meter interval of increased quartz veining [5] - Hole 25DDH-SEL-019 intersected four distinct vein zones between 80 and 195 meters, displaying characteristic textures associated with mineralization [5][9] Geological Model Validation - The visual indicators from the drill cores support the geological model developed through surface mapping and previous drilling efforts [3][5] - The consistency between the core samples and the predictive model reinforces confidence in the company's targeting approach [7][11] Exploration Activities - Miata is conducting a comprehensive generative exploration program alongside its drilling campaign, which includes sampling and mapping to identify additional high-prospectivity areas [2][12] - The company has collected 248 surface samples in 2025, including a notable artisanal ore sample from the Aplito area grading 675 g/t Au [13][15] Future Plans - Miata intends to launch a stream sediment and soil sampling program aimed at extending the existing Puma trend and exploring underexplored areas [14]
Defiance Silver Completes Acquisition of Green Earth Metals Inc.
Newsfile· 2025-07-16 05:00
Core Viewpoint - Defiance Silver Corp. has successfully completed the acquisition of Green Earth Metals Inc. (GEMS), enhancing its position in the exploration sector with three copper-gold-silver projects in Sonora, Mexico [1][2][6]. Company Summary - Defiance has acquired 100% of GEMS, solidifying its status as a leading exploration company in Mexico's mineral belts [2][6]. - The acquisition involved issuing 4,954,613 common shares of Defiance at a deemed price of C$0.255 per share, totaling C$1,263,426 [5][6]. - GEMS projects cover 6,795.22 hectares in Sonora, a region known for significant copper deposits, including Cananea and La Caridad [6][8]. Industry Context - Sonora is recognized as Mexico's premier mining jurisdiction, contributing 75.6% of the country's copper production and 25.7% of gold output as of early 2024 [8]. - The state accounts for 31.4% of the national mining value, highlighting its robust mining environment [8]. - The GEMS projects are strategically located near major mining operations, such as Alamos Gold's Mulatos Mine, which produces over 120,000 ounces of gold annually [9][8]. Exploration Potential - Defiance plans to advance exploration efforts on the newly acquired projects, with a comprehensive exploration campaign including a diamond drill program at the Victoria project [7][12]. - Historical exploration has indicated extensive geological features suggestive of large-scale hydrothermal Cu-Au-Ag systems within the Porphyry Copper Belt of Sonora [12][13]. - The Victoria Project consists of 1,795.22 hectares and shows potential for secondary copper enrichment, indicating strong exploration upside [13][12].
Canadian Gold Resources Secures Permits for Exploration Bulk Sample at Lac Arsenault
Newsfile· 2025-07-15 13:13
Core Viewpoint - Canadian Gold Resources Ltd. has received all necessary permits from the Government of Québec to initiate a bulk sampling program at its Lac Arsenault Gold Project, aiming to test between 5,000 to 10,000 tonnes of mineralized materials for exploration purposes only [1][5]. Permitting and Environmental Compliance - The company is required to drill three shallow water monitoring wells near the sampling area to assess potential groundwater presence, with baseline water quality testing to follow if water tables are encountered [2]. - Canadian Gold supports this requirement as part of its commitment to responsible exploration and environmental stewardship [2]. Next Steps in Operations - With permits secured, the company will prepare to mobilize personnel and equipment, finalize agreements with contractors, complete the required water wells, and install temporary infrastructure [3]. - Material sampling is expected to commence and continue for approximately three weeks, with samples transported to a third-party facility for processing and analysis [3]. Management Insights - The President & CEO of Canadian Gold highlighted that receiving the permit is a significant milestone for the Lac Arsenault Project, which aims to evaluate the technical and geological characteristics of near-surface mineralization [4]. - Historical estimates from previous work indicated approximately 40,000 tonnes grading 15.43 g/t gold and 197 g/t silver, with a revised estimate of 199,580 tonnes grading 9.59 g/t gold [4][10]. Economic Potential Clarification - While the company is optimistic about generating technical and metallurgical data from the bulk sample, no economic analysis has been completed, and there are no mineral reserves at Lac Arsenault [5]. - Any references to potential revenue from sample processing are speculative, and no production decision or feasibility study has been conducted [5]. Project Overview - The Lac Arsenault Project is located in Québec's Gaspé region and features multiple high-grade epithermal-style vein systems, including the Baker and Mersereau veins [8]. - The project is situated along the Grand Pabos Fault, which shares characteristics with other productive gold systems known for hosting multi-million-ounce deposits [8]. Historical Resource Estimates - Historical estimates were based on underground sampling and trenching, but they do not comply with current CIM standards and require further verification [6][11]. - The company plans to conduct systematic diamond drilling and verification sampling to bring these historical estimates into compliance with current standards [7][11].
Opus One Gold Obtains 3.92 g/t Gold Over 5.2 m from Hole No-25-17, at 375 Vertical Meters on its Zone 1 Gold Discovery, Noyell Project
Globenewswire· 2025-07-15 12:30
NOT FOR DISTRIBUTION TO U.S NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES MONTREAL, July 15, 2025 (GLOBE NEWSWIRE) -- Opus One Gold Corp (TSX-V: OOR) (the "Company" or "Opus One") is pleased to announce that drill hole NO-25-17 from the winter drilling program on its 100% owned Noyell project near the town of Matagami, Abitibi, Québec, Canada, returned 3.92g/t Au over 5.2 m from 411.5 to 416.7 m. The mineralized interval represents a true width of approximately 4.2 m within the Zone 1 structur ...
AbraSilver Extends Gold Mineralization at Oculto East with Broad Step-Out Intercept
Thenewswire· 2025-07-15 11:30
Latest Hole Returns 42 m at 0.68 g/t Gold Including 7 m at 1.67 g/t Gold John Miniotis, President and CEO, commented, "These results continue to confirm that Diablillos still has significant room for further growth, as we continue to determine the strike direction of the high-grade gold zone at Oculto East. With three rigs actively drilling this target area, we anticipate steady exploration news flow in the coming weeks and months ahead." Toronto – TheNewswire – July 15, 2025 – AbraSilver Resource Corp. (TS ...