Mineral Exploration
Search documents
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].
American Eagle Extends South Zone Discovery by over 300 Metres; Returns 91 m of 1.53% CuEq Within 167 m of 1.06% CuEq
Newsfile· 2025-12-11 11:00
Core Insights - American Eagle Gold Corp. has reported significant expansion of the high-grade South Zone at its NAK copper-gold porphyry project in British Columbia, with recent drilling results indicating strong continuity and potential for further mineralization [1][3][23] Summary by Sections Drilling Results - Drill holes NAK25-57 and NAK25-52 have intersected substantial intervals of high-grade mineralization, extending the South Zone discovery to nearly 500 meters in an east-west direction [2][4] - NAK25-57 returned 167 meters of 1.06% Copper Equivalent (CuEq), including 91 meters of 1.53% CuEq, while NAK25-52 extended the high-grade discovery by over 200 meters to the east, returning 85 meters of 0.92% CuEq [4][10] Mineralization Characteristics - The mineralization in NAK25-57 shows a transition from moderate grades at surface to higher grades at depth, characterized by disseminated and vein-hosted chalcopyrite and bornite [7][9] - NAK25-52 also displayed similar characteristics, with high-grade intervals associated with mafic dyking and irregular bornite veining [11] Project Potential - The South Zone continues to demonstrate strong potential for a large, high-grade system that is open to expansion both at surface and at depth [4][23] - The ongoing drilling program, which has completed almost the entirety of the planned 30,000-meter drill program, is expected to further define the mineralization and its continuity [23][25] Company Overview - American Eagle Gold Corp. is well-positioned financially, with over $36 million in cash, supported by strategic investments from Teck Resources and South32 [24][25] - The NAK Project is located in a well-infrastructured area of British Columbia, enhancing its accessibility for further exploration and development [23]
Peloton Completes the Maiden Drilling Program at the North Elko Lithium Project, Nevada
Thenewswire· 2025-12-10 13:30
Core Insights - Peloton Minerals Corporation has successfully completed its maiden drilling program at the North Elko Lithium Project (NELP) in northeastern Nevada, confirming the presence of clay layers and achieving all program objectives [1][2][4] Drilling Program Details - The drilling program consisted of four holes totaling 1,825 feet, confirming clay layers to a vertical depth of at least 500 feet and across a widespread area with drill spacing of 7 by 3.5 kilometers [2][3] - Three holes reached a depth of 500 feet in clay-bearing material, while one hole was stopped at 325 feet after hitting basement rocks [3] Sample Analysis - Samples from the drill holes will undergo multi-element assay analysis to determine lithium presence and other critical minerals, with results expected by the end of January 2026 [4] - X-Ray Diffraction (XRD) analysis will also be conducted to understand mineralogy and check for zeolite minerals [4] Project Location and Size - NELP is located adjacent to a high-grade lithium deposit discovered in 2023 by Surge Battery Metals and covers an area of approximately 37 square kilometers (14.25 square miles) [5] Future Exploration Plans - Peloton holds two drilling permits for NELP and has 24 drill pad locations permitted for follow-on programs, with potential for more pads as exploration continues [6]
Greenridge Exploration Identifies Uranium Targets from Airborne Electromagnetic Survey at the McKenzie Lake Uranium Project in Northern Saskatchewan
Globenewswire· 2025-12-10 13:00
Core Insights - Greenridge Exploration Inc. has announced the results of a helicopter-borne time-domain electromagnetic survey conducted on the McKenzie Lake Uranium Project, which is located near the Athabasca Basin, an area known for uranium exploration [1][4][10] Survey Highlights - The 2025 survey covered 365 line-kilometers at 200-meter line spacing, marking the first deep-penetrating electromagnetic survey in the modern era of uranium exploration for the project [4] - The survey successfully identified a major north-south fault zone and discrete conductive zones, which may indicate potential uranium mineralization [4][6] CEO Statement - Russell Starr, CEO of Greenridge, emphasized that the survey results demonstrate the effectiveness of modern exploration tools in identifying new target areas, which will aid future exploration efforts [5] Exploration Goals - Greenridge plans to integrate the 2025 survey results with previous high-resolution magnetic and radiometric data to enhance surface exploration planning for 2026 [7] - The company aims to discover additional radioactive boulders and anomalies that could indicate an "up-ice" source for uranium mineralization [7] Project Background - The McKenzie Lake project is situated in a region with significant uranium mining history, including nearby mines such as Key Lake and McArthur River [10] - Recent discoveries in the area, including those by 92 Energy Limited and Baseload Energy Corp., highlight the potential for further uranium exploration [10] Company Overview - Greenridge Exploration Inc. is focused on mineral exploration, particularly in uranium, lithium, nickel, copper, and gold, with a portfolio covering approximately 274,420 hectares [13][14] - The company holds one of the largest uranium property portfolios in Canada, consisting of 13 projects and additional claims [14]
Copper Quest Completes Positive Alpine Due Diligence and Increases Private Placement
Globenewswire· 2025-12-10 13:00
Core Insights - Copper Quest Exploration Inc. has completed due diligence on an Option to Purchase Agreement for the Alpine Gold Property, indicating a strategic acquisition aimed at enhancing shareholder value in a high gold market [1][4]. Acquisition Details - The Agreement involves the purchase of the Alpine Gold Property from 0847114 B.C. Ltd., which holds 100% ownership of the property located in British Columbia [1][16]. - Copper Quest plans to issue 14,177,517 common shares at a deemed price of $0.175 per share to Privco upon closing, along with a cash payment of $225,000 for prior expenditures [16][17]. Property Highlights - The Alpine Gold Property spans 4,611.49 hectares and is situated approximately 20 kilometers northeast of Nelson, British Columbia [3]. - Historical production includes approximately 16,810 tonnes of mineralized vein material, yielding 356,360 grams of gold and 222,054 grams of silver [3]. - The property contains several significant vein systems, including Black Prince, Cold Blow, Gold Crown, and King Solomon, which will be explored further [3][5]. Resource Potential - An inferred resource of 268,000 tonnes was estimated in 2018, with an average grade of 16.52 g/t Au, representing approximately 142,000 ounces of gold [5]. - There is a potential near-term cash flow opportunity from an estimated 24,000 tonnes of mineralized stockpile on the surface [5]. Leadership and Expertise - The company has appointed Mr. Allan Matovich to the Board of Directors, who has over 60 years of mining experience and is the principal owner of the Alpine Gold Property [7][8]. - Mr. Ted Muraro and Mr. John Mirko will also join as Technical Advisors, bringing a combined experience of over 100 years in the mining industry [10][13]. Financing and Future Plans - Copper Quest recently closed approximately $2 million in financing to support exploration efforts across its properties [4]. - The company plans to issue up to 1,500,000 flow-through shares at a price of $0.19 per share to raise additional funds for exploration [19][20].
Nexus Uranium Appoints Jon Winter to Advisory Board
Newsfile· 2025-12-10 11:00
Core Viewpoint - Nexus Uranium Corp. has appointed Jon Winter to its Advisory Board, enhancing its advisory capabilities as it progresses its uranium project portfolio through permitting and development [1][2]. Group 1: Appointment Details - Jon Winter brings over 40 years of experience in environmental permitting, regulatory affairs, and mine-site operations across North America and Central America [2][4]. - His expertise in uranium permitting and environmental compliance, particularly with enCore Energy's Dewey-Burdock project, is expected to be a significant asset for the company [3]. Group 2: Jon Winter's Background - Mr. Winter has a strong operational background in in-situ uranium and surface gold mining operations in various states including Wyoming, South Dakota, and Colorado, as well as in Honduras [5]. - He has been instrumental in securing permits from multiple federal and state agencies, including the U.S. Nuclear Regulatory Commission and the Environmental Protection Agency [5]. Group 3: Compensation and Equity Incentives - In connection with his appointment, the company has granted 30,000 restricted share units (RSUs) to Mr. Winter, which will vest in 25% tranches over 12 months [7]. - Each RSU entitles the holder to one common share upon vesting, subject to resale and transfer restrictions [7]. Group 4: Company Overview - Nexus Uranium is focused on mineral exploration and development in the green energy sector, holding five uranium projects in the United States and one in Canada [8]. - The projects are located in areas with extensive historical exploration and are considered prospective for development [8].
Nanoq drilling results confirm significant gold copper mineralisation
Globenewswire· 2025-12-10 07:00
Core Insights - Amaroq Ltd. has confirmed significant gold and copper mineralization at the Nanoq gold project in South Greenland, with drilling results exceeding pre-drill expectations [2][3][4] Exploration Results - The 2025 exploration program included 4,807 meters of diamond drilling across 27 holes, successfully testing approximately 600 meters of strike length within the Nanoq Central Zone [5][9] - High-grade intersections were reported, including 187.4 g/t Au over 1.5 meters and 1.1% Cu over 0.5 meters at shallow depths [2][5] - 63% of the drilled holes intersected mineralization, with an average mineralized interval thickness of approximately 3.3 meters at a grade of 9.98 g/t Au [5][19] Geological Insights - The geological model has been strengthened, confirming the presence of multiple stacked mineralized zones and suggesting that mineralization remains open at depth and along strike [5][19] - Detailed mapping has extended the interpreted strike of the Central Zone to 1.5 kilometers, identifying previously unrecognized mineralized structures with high surface grades of up to 9.5 g/t Au [5][16] Future Development Plans - The company aims to fast-track resource drilling with the target of a maiden resource estimate in the near term, supported by existing camp infrastructure and strong liquidity [4][5] - A follow-up drilling program is planned for 2026, leveraging the insights gained from the 2025 exploration campaign [5][18] Metallurgical and Environmental Studies - Initial environmental baseline surveys have been launched to support future feasibility and permitting studies [21] - The company is engaging in metallurgical test work to assess how Nanoq material may perform within the existing Nalunaq processing flowsheet [22]
Impact Silver Intersects 18.83% ZnEq Over 4.95m Including 25.57% ZnEq Over 1.33m at the Plomosas Mine
Newsfile· 2025-12-09 16:24
Core Viewpoint - IMPACT Silver Corp. has reported significant high-grade drill results from the Santo Domingo Zone at its Plomosas Mine, indicating strong potential for further mineralization and mine development [1][5]. Group 1: Drill Results - The latest drill results from the Santo Domingo Zone include an intersection of 18.83% Zinc Equivalent (ZnEq) over 4.95 meters, with a notable inclusion of 25.57% ZnEq over 1.33 meters [1][2]. - Additional drill intersections reported include: - UGSD-2509: 13.63% ZnEq over 0.50 meters and 17.02% ZnEq over 0.40 meters - UGSD-2511: 31.33% ZnEq over 0.85 meters - UGSD-2512: 16.70% ZnEq over 2.07 meters - UGSD-2513: 32.05% ZnEq over 0.62 meters [2][3]. Group 2: Geological Context - The Plomosas Mine is characterized by zinc-rich Carbonate Replacement zones across three bedrock units, which are conducive to the concentration of zinc, lead, and silver [6]. - The Santo Domingo Zone mineralization remains open for exploration, with the potential for further discoveries beyond the previously defined JORC mineral resource blocks [3][6]. Group 3: Company Strategy and Future Plans - The company aims to continue drilling to define additional mineralization in the Plomosas mine area and explore nearby greenfields targets, leveraging the high-grade results for rapid and cost-effective mine development [5][6]. - The Plomosas mine, acquired in 2023, is positioned in a region known for some of the largest carbonate replacement deposits globally, enhancing its exploration potential [10].
Spartan Metals Identifies Two New Tungsten-Silver-Rubidium Targets at its Eagle Project, Nevada
Thenewswire· 2025-12-09 13:00
Core Insights - Spartan Metals Corp. has discovered two new tungsten-silver-rubidium exploration targets at the Tungstonia deposit, part of its 100% owned Eagle Project in eastern Nevada [1][2][3] Exploration Results - Soil sample results from a 2025 surface geology program have outlined a 2.0 km x 1.7 km surface anomaly and a 0.75 km x 2.1 km surface anomaly, confirming mapped veins and structures [2][4] - The soil sampling covered approximately 20 square kilometers with 2,100 samples taken on a 100m x 100m grid [4] - Notable grades in soil samples include tungsten up to 272 parts per million (ppm), silver up to 5.9 grams per tonne (g/t), and rubidium up to 537 ppm [4] Anomalies and Mineralization Potential - The Western Tungsten Anomaly aligns with the structural trend of the legacy Tungstonia mine, while the Southeastern Tungsten Anomaly coincides with intrusive contacts with carbonaceous sediments [3][4] - The strength of the anomalies suggests significant new exploration potential, potentially indicating a larger mineral system than previously recognized [3][8] Project Overview - The Eagle Project is located approximately 120 kilometers northeast of Ely, Nevada, covering 36.5 km² and consisting of 445 Bureau of Land Management (BLM) unpatented lode mining claims [17][21] - The project includes past-producing high-grade tungsten and rubidium mines, with historical tungsten production totaling 8,379 units at grades between 0.6%-0.9% WO3 [16][21] Future Plans - The results from the soil sampling will aid in generating drill targets for a planned spring 2026 drill program [2][3] - Additional soil sampling is planned to extend to the boundary of the newly staked Tungstonia claims [4]
Maxus Mining Announces Positive Results from 2025 Exploration Program at Penny Copper Project in British Columbia
Globenewswire· 2025-12-09 13:00
Core Insights - Maxus Mining Inc. has announced positive results from its 2025 Exploration Program at the Penny Copper Project, located in British Columbia, near the Sullivan Mine [1] Exploration Program Summary - The 2025 Exploration Program included a MobileMT Survey that confirmed prospective trend continuity and identified copper anomalism across the Project [5] - A total of 519 line-kilometres were flown in the Survey over a 46 square-km area, revealing laterally continuous conductive horizons and localized steep conductors suggesting potential for Cu-Ag mineralization [5] - The field team collected 37 rock samples and 264 soil samples, with significant findings including a rock sample that assayed 0.34% Cu [5][8] MobileMT Survey Highlights - The MobileMT Survey was designed to map bedrock structure and lithology, revealing high magnetic susceptibility values correlated with resistive domains, particularly in magnetite-bearing arenite beds [5] - The survey identified areas where magnetite-bearing arenite and potassic alteration align with known copper showings [5] Field Program Highlights - Soil sampling grids were completed at 50 metre line spacing, revealing broad trending anomalous zones oriented NW and NE [5] - The east grid displayed significant copper anomalies, while the smaller west grid followed up on historic elevated copper signatures [5] Marketing Extension - The Company has increased its advertising budget with RMK Marketing Inc. to $500,000 CAD, enhancing its marketing efforts for the next six months [9][10] Company Overview - Maxus Mining Inc. is focused on mineral exploration in premier jurisdictions, with a portfolio of approximately 15,098 hectares across British Columbia [11] - The portfolio includes multiple projects, such as the Alturas Antimony Project, which has reported high-grade antimony, and the Lotto Tungsten Project, with significant tungsten assays [12][14]