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Wesdome Defines 10 Kilometres of Prospective Strike and Expands Near-Surface Mineralization at Eagle River
Globenewswire· 2025-12-15 11:30
Core Insights - Wesdome Gold Mines Ltd. has made significant progress in its exploration activities at the Eagle River mine, particularly in the Mishi and Magnacon areas, revealing a new interpretation that opens up 10 kilometers of potential strike length along the Mishibishu Deformation Zone [2][3][12] Exploration and Drilling Results - The 2025 drilling program has confirmed the potential for depth extensions and strike length increases in the Mishi Zone, with notable intersections including 8.3 g/t Au over 4.7 meters and 6.4 g/t Au over 2.5 meters [5][10] - Drilling at the Dorset Zone has also shown that the deposit remains open at depth and along strike, with over 14,000 meters drilled in 2025 [4][18] - The Falcon 720 Zone continues to show high-grade assays, with significant intersections such as 10.0 g/t Au over 5.4 meters [19][54] Structural Mapping and New Targets - Detailed structural mapping has defined a newly interpreted basin margin thrust fault along the Mishi-Magnacon trend, indicating a compelling exploration opportunity within the metasedimentary package to the south of the known deposits [12][14][13] - The Feather River and Abbey Lake areas have emerged as high-priority long-term targets based on new structural interpretations and historical data [15][24] Future Plans - The company is on track to expand its regional exploration program in 2026, focusing on validating new interpretations and identifying similar structures across the land package [2][31] - A proof-of-concept drill program is planned for the Feather River target, which is aligned with the new geological model [15][23] - The Abbey Lake target will be a major focus of the 2026 structural mapping program, with initial drill testing scheduled for the fall [24][32]
Azimut and SOQUEM to Participate in LiFT Power’s Consolidation of the Galinée-Adina Lithium District in the James Bay Region of Quebec
Globenewswire· 2025-12-15 11:00
Core Viewpoint - Azimut Exploration Inc. has signed a non-binding letter of intent to restructure its joint venture with SOQUEM, selling a 75% interest in the Galinée Property to LiFT Power Ltd, while retaining a 1.4% NSR royalty and a deferred payment of $1.5 million [1][3][5]. Group 1: Transaction Details - Azimut will acquire 2,000,000 shares from LiFT for a 50% interest in the Galinée Property, while SOQUEM will receive 1,000,000 shares for a 25% interest [3]. - The Galinée Property consists of 649 claims over 335 km and is located in an emerging lithium district, adjacent to the Adina property owned by Winsome Resources [4]. - The transaction is subject to customary closing conditions and requires approval from the TSXV [5]. Group 2: Strategic Implications - The consolidation of the Galinée and Adina properties will allow LiFT to enhance its property package, facilitating further development without boundary constraints [2]. - Azimut aims to focus on its flagship assets while maintaining exposure to lithium districts through equity ownership and retained royalties [2]. Group 3: Technical Information - The Galinée Property has shown high-grade lithium mineralization, with notable drill results including 1.62% Li₂O over 158.0m and 2.68% Li₂O over 54.6m [4]. - Additional exploration targets have been identified on the property, indicating potential for further resource development [4].
New Age Metals (CVE:NAM) Stock Price Up 32.4% – Here’s Why
Defense World· 2025-12-14 08:03
Group 1 - New Age Metals has a market capitalization of C$24.58 million and a P/E ratio of -61.67, indicating a negative earnings performance [2][3] - The company has a quick ratio of 17.88 and a current ratio of 52.48, suggesting strong liquidity [2][3] - The stock price of New Age Metals rose by 32.4% on a recent Friday, trading as high as C$0.48, with a significant increase in trading volume [5] Group 2 - Fundamental Research set a price target of C$0.95 for New Age Metals, with a "buy" rating from one investment analyst [1] - The stock currently has an average rating of "Buy" and a consensus price target of C$0.95 according to MarketBeat [1] - The company's 50-day moving average is C$0.36, while the 200-day moving average is C$0.29, indicating potential price trends [2]
BULGOLD Provides Exploration Update on the Lutila Gold Project
Globenewswire· 2025-12-12 12:15
Core Viewpoint - BULGOLD Inc. has completed exploration diamond drilling on the Lutila Gold Project in Central Slovakia, indicating progress in its mineral exploration efforts [1][4]. Group 1: Exploration Details - The company completed two diamond drill holes: one at the Horna Klapa target area reaching a depth of 541.7 meters and another at the newly discovered Kopernica vein system reaching 645.6 meters [2]. - Samples from the drilling have been sent to SGS Burgas in Bulgaria for analysis, with results expected to be released in early 2026 [3]. Group 2: Company Overview - BULGOLD is focused on gold exploration and development in Central and Eastern Europe, controlling 100% of three quartz-adularia epithermal gold projects in Slovakia and Bulgaria [4]. - The company believes its assets have potential for high-grade, good-metallurgy, low-sulfidation epithermal gold mineralization [4]. Group 3: Shareholder Information - As of September 30, 2025, BULGOLD had 49,132,335 issued and outstanding shares, with approximately 28.3% held by founders, directors, and management [5].
Rokmaster Provides Update on Selkirk Project and Silver Mineralization Targets on other Projects
Prnewswire· 2025-12-12 08:30
Core Insights - Rokmaster Resources Corp. provides an update on its Selkirk Project and highlights the silver potential across its portfolio, indicating strong opportunities for exploration in southeastern British Columbia [1][7]. Selkirk Project - The Selkirk Project consists of three properties located north of Revelstoke, BC, which have shown positive results from geological mapping and sampling since 2021 [2]. - Field work on the Downie Gold Property confirmed a pyrrhotite-diopside-garnet skarn horizon with a strike length of approximately 2.0 km, revealing elevated tungsten and molybdenum results [2]. - The Downie Gold Property has an approved Multi-year Area Based exploration permit for drilling until October 2027 [2]. Keystone Property - The Keystone Property, located 10 kilometers south of the Downie Gold Property, has numerous occurrences of sphalerite and galena mineralization discovered during field work from 2021 to 2024 [3]. - This property also holds a MYAB exploration permit allowing for drilling until October 2027 [3]. Duncan Lake Project - The Duncan Lake Project features significant potential for silver mineralization, with historical mines producing high-grade silver up to 1,555 g/t Ag [5]. - Recent drilling north of the historic Duncan Mine intersected broad intervals of elevated silver concentrations, with results above the average for Kootenay Arc type Pb-Zn deposits [4]. - The No.3 to No.1 showings were trenched and channel sampled in 2025, returning high silver concentrations [4]. Big Copper Property - The Big Copper Property shows coincident copper and silver mineralization along a 4.5 km deformation zone, with soil sampling suggesting potential for galena and silver [6]. - This property may assist in identifying the core of a possible sedimentary Cu-Ag system [6]. Nechako Project - The Nechako Project contains several silver-rich epithermal vein occurrences, with assay results showing up to 614 g/t Ag over 1.2 m and 1,001 g/t Ag over 1.0 m [7]. Corporate Update - Michael Malana has been appointed as the new Chief Financial Officer, succeeding Dennis Cojuco, who served for over a decade [10][11]. - Malana brings over 20 years of international experience in financial management and corporate governance [12].
Providence Gold Mines Inc. La Dama de Oro Gold, Bulk Sample and Financing Update
Thenewswire· 2025-12-11 15:55
Core Insights - Providence Gold Mines Inc. has entered into an underground mining lease agreement with Easy Mining Company Ltd. to advance the La Dama de Oro gold-silver project [1][2][4] Company Developments - Easy Mining is recognized as an experienced underground mining contractor with operations in Canada and the U.S., and will manage mining, exploration, and processing activities at the La Dama de Oro property [2][4] - The lease allows Easy Mining to explore and mine within existing underground workings, with authorization to extract a 1,000-ton bulk sample over a twelve-month period [3][4] - Providence has closed a private placement, issuing 1,604,800 units for gross proceeds of $80,240, which will be used for general administration and sampling activities at the La Dama de Oro project [5][6] - A new non-brokered private placement of up to 2,000,000 units at a price of $0.05 per unit is also announced, aiming for gross proceeds of up to $100,000 [7] Financial Arrangements - Easy Mining will pay a 2% Net Smelter Royalty to Mohave Gold Mining and Exploration Inc., the property optionor [8] - Any gross proceeds from bulk sample mining will be shared equally between Easy Mining and Providence [8]
Belmont Resources Completes Relogging of 2008 Drill Core at Crackingstone Uranium Project, Saskatchewan
Thenewswire· 2025-12-11 15:30
Core Insights - Belmont Resources Inc. has announced the completion of a relogging and resampling program by Axiom Exploration Group Ltd. on drill core from the historic 2008 Crackingstone drill campaign at the Crackingstone Uranium Project [1][2] Summary by Sections Project Overview - The Crackingstone Uranium Project is 100% owned by Belmont and is located near Uranium City in northern Saskatchewan [1] - A total of 3,029.4 meters of drill core from twenty historical drill holes has been preserved and is in good condition for re-examination [2] Advancements and Objectives - Significant advancements in geological understanding and analytical methods for uranium and rare earth element (REE) mineralization have occurred since the original 2008 program [4] - The relogging program aims to modernize the understanding of the uranium system, utilizing techniques such as portable X-ray fluorescence (pXRF) and visible-near infrared spectroscopy (VNIR) [5][6] - The program will generate comprehensive geochemical datasets to better characterize uranium mineralization and evaluate potential REE mineralization within thorium-rich pegmatites [6] Future Plans - The results from the relogging program will support refined geological modeling and future drill-target planning, with a focus on defining strong drill targets for 2026 [5][6] - Drill samples have been sent to SRC Geoanalytical Laboratories in Saskatoon for analysis, and Belmont will provide updates once results are finalized [7][8] Company Background - Belmont Resources is a Canadian resource company with a diversified portfolio of discovery-stage assets, including projects in uranium, copper-gold, lithium, and gold [11]
Magna Terra Exposes Significant Copper Mineralization in Trenches at the Fossil Hill Zone, Rocky Brook Project, New Brunswick
Newsfile· 2025-12-11 13:00
Core Insights - Magna Terra Minerals Inc. has completed its trenching program at the Fossil Hill Zone of the Rocky Brook Project, revealing significant copper mineralization [1][9] - The project is strategically located near Canadian Copper Inc.'s Caribou Mill Complex, enhancing its potential for additional copper-rich deposits [9][10] Trenching Program Results - The trenching program targeted historical grab samples with high copper grades, including 16.65% and 13.84% copper and 0.64% cobalt [2] - Three trenches (T4, T7, and T8) were excavated, totaling 245 meters, with in situ copper mineralization observed in each trench, including a notable 40-meter zone in trench T8 [2][3] Geological Findings - The trenches exposed mafic volcanic and breccia rocks of the Armstrong Formation, with mineralization consisting of malachite, chalcopyrite, and native copper [3] - A total of 93 samples were collected, including 68 grab samples of bedrock and 14 channel samples, with mineralization observed over significant lengths in trenches T4 and T7 [3][4] Future Plans - Stripped sections of the trenches will remain exposed for further mapping and sampling in spring, with analytical results pending from ALS Canada Ltd. [4] - The company plans to advance multiple high-priority targets throughout the Rocky Brook Project in 2026, including areas near the Restigouche Property [9][10] Project Overview - The Rocky Brook Project covers 28,089 hectares and is one of the largest landholders in the Bathurst Mining Camp, known for its rich mineral deposits [10][11] - The project is adjacent to significant historical mining operations and has shown potential for polymetallic mineralization, including copper, cobalt, lead, zinc, gold, and silver [10][12]
Silver North's Veronica Property Yields 76.8% Lead with Previously Reported 2,860 g/t Silver Discovery at Betty Target
Thenewswire· 2025-12-11 12:30
Core Insights - Silver North Resources Ltd. has reported significant lead and silver assay results from the Veronica Property, part of the GDR Project in southern Yukon Territory, indicating potential for high-grade mineralization [1][2] Group 1: Exploration Results - The Lodge Showing yielded lead assay results of 76.8% and 9.6% from two silver-bearing samples, with silver concentrations of 2,860 g/t and 213 g/t respectively [1][2] - At the Cooper Showing, a silver-bearing sample returned 1.36% lead and 33.17 g/t silver [1] - The Betty Target, a 1 km by 1 km geochemical anomaly, remains open to the east and south, with lead concentrations ranging from 50 ppm to 8,850 ppm and silver from 1 ppm to 31.1 ppm [2] Group 2: Geological Context - Lead mineralization in the form of galena is a key component of Carbonate Replacement Deposit (CRD) style mineralization in the Silvertip District [2] - The exploration is targeting high-grade silver-lead-zinc mineralization similar to that found at the nearby Silvertip Mine, located approximately 12 km southwest of the Veronica claims [3] Group 3: Sample Analysis and Methodology - All samples were analyzed using four-acid digestion with ICP-MS finish, and gold analysis was conducted via fire assay [6] - Approximately 453 soil samples were collected and analyzed for various elements, including gold and silver, using standard ICP spectroscopy [7]
Apollo Silver Announces 2026 Exploration and Development Program for its U.S. based Calico Project
Globenewswire· 2025-12-11 12:00
Core Viewpoint - Apollo Silver Corp. is advancing its 2026 Exploration and Project Development Program at the Calico Silver Project, capitalizing on the strengthening silver market and the designation of silver as a U.S. critical mineral, which emphasizes the need for domestic supply [2][5]. Project Development Program - The 2026 Program includes a 4,500 meter HQ diameter core drill program aimed at obtaining material for geotechnical and metallurgical analysis, along with the initiation of development-level permitting activities [6][7]. - Project development activities will focus on metallurgical studies, geotechnical work, and permitting, with a drilling program designed to support these efforts [3][6]. Exploration Activities - Planned exploration activities consist of exploration drilling, property-scale mapping, and geophysical surveys, including airborne and ground methods to assist in defining future drill targets [3][9]. - A 1,000 meter NQ diameter exploration drilling program is set to test the Burcham gold target, aiming to expand the existing gold resource [10]. Geological and Geophysical Studies - Geological mapping will continue throughout 2026, supported by a multi-method geophysical program that includes gravity, Induced Polarization (IP), and magnetic surveys to characterize subsurface mineralization [11][12]. - The program will also involve laboratory analysis, including petrographic studies and soil/rock assays, to refine geological mapping and drill target identification [14]. Metallurgical and Geotechnical Focus - Metallurgical test work will evaluate processing options and seek to improve upon historical silver recoveries, currently estimated at approximately 65% [12]. - Geotechnical data collection will support engineering and mine design, ensuring alignment with ongoing technical advancements [12]. Company Overview - Apollo Silver is recognized for advancing one of the largest undeveloped primary silver projects in the U.S., with the Calico project hosting significant silver, barite, and zinc deposits, which are critical to the U.S. energy and medical sectors [16].