TORONTO, May 06, 2025 (GLOBE NEWSWIRE) -- Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) (“Lithium Ionic” or the “Company”) is pleased to announce an updated mineral resource estimate (“MRE”) for its 100%-owned Bandeira Lithium Project (“Bandeira” or the “Project”) located in Minas Gerais, Brazil. Bandeira is the Company’s flagship property, located in Brazil’s “Lithium Valley”, a rapidly emerging hard rock lithium district renowned for its significant concentration of lithium-bearing pegmatites. P ...

Core Insights - Osisko Metals has announced new drilling results from the Gaspé Copper Project, confirming the potential for resource expansion both at depth and to the south of the current deposit [1][4][10] Drilling Results - Drill hole 30-1065 intersected 323.0 metres averaging 0.43% Cu and 3.18 g/t Ag, with a higher-grade section of 13.3 metres averaging 2.50% Cu and 17.8 g/t Ag [5] - Drill hole 30-1061 extended mineralization to a vertical depth of 712 metres, with significant intersections of 172.5 metres averaging 0.18% Cu and 1.52 g/t Ag, and 215.5 metres averaging 0.31% Cu and 2.67 g/t Ag [5] - Drill hole 30-1064 extended mineralization to a vertical depth of 618 metres, with intersections of 164.7 metres averaging 0.26% Cu and 1.94 g/t Ag [5] - Drill hole 30-1067, located 215 metres south of the 2024 MRE model, intersected 136.8 metres averaging 0.32% Cu and 3.18 g/t Ag, indicating that mineralization remains open to the south [5][6] Geological Insights - The new drilling results support a revised geological model, with mineralization occurring as disseminations and veinlets of chalcopyrite, primarily controlled stratigraphically [7][9] - The current drilling program aims to convert the November 2024 Mineral Resource Estimate (MRE) to Measured and Indicated categories and to explore deeper stratigraphy [11][10] Resource Estimates - The Gaspé Copper Project currently has Indicated Mineral Resources of 824 million tonnes averaging 0.34% CuEq and Inferred Mineral Resources of 670 million tonnes averaging 0.38% CuEq [16] - The project hosts the largest undeveloped copper resource in eastern North America, strategically located near existing infrastructure [16]

Core Viewpoint - Altamira Gold Corp. has announced a maiden mineral resource estimate for the Maria Bonita porphyry gold deposit, which significantly enhances the company's resource base and presents opportunities for further exploration and resource expansion [1][2]. Group 1: Resource Estimate Details - The maiden open-pit resource includes total Indicated Resources of 24.19 million tonnes (Mt) at 0.46 grams per tonne (g/t) gold, equating to 357,800 ounces (oz), and Total Inferred Resources of 25.64 Mt at 0.44 g/t gold, totaling 362,400 oz [5][13]. - Near-surface saprolite Indicated Resources are 2.02 Mt at 0.59 g/t gold (38,000 oz), while Inferred Resources are 0.68 Mt at 0.40 g/t gold (8,700 oz) [5][14]. - A higher grade near-surface resource at a 0.5 g/t gold cut-off comprises Indicated Resources of 7.56 Mt at 0.72 g/t gold (176,250 oz) and Inferred Resources of 5.18 Mt at 0.92 g/t gold (152,940 oz) [5][14]. Group 2: Project Location and Accessibility - The Cajueiro project is located approximately 75 km northwest of Alta Floresta in the state of Mato Grosso, Brazil, and is easily accessible by road, situated on open farmland with grid power and a local water supply [3]. Group 3: Future Exploration Plans - The company plans to mobilize a drill rig shortly to continue testing the extensions of the Maria Bonita mineralization and explore the other eight identified porphyry-related targets within the Cajueiro district [2][17]. - The Cajueiro project currently has a total of nine porphyry gold targets identified, indicating significant potential for further discoveries and resource expansion [5][17]. Group 4: Technical and Estimation Methodology - The maiden mineral resource estimate was completed by VMG Consultoria e Soluções Ltda, based on drilling conducted by Altamira between August 2022 and April 2024, involving 31 diamond drill holes totaling 4,710 meters [8][21]. - The resource estimations utilized a gold price of US$2,780 per ounce and were calculated using a block model interpolated by the Ordinary Kriging method [9][15].

TORONTO, April 30, 2025 (GLOBE NEWSWIRE) -- Emerita Resources Corp. (TSX – V: EMO; OTCQB: EMOTF; FSE: LLJA) (the “Company” or “Emerita”) reports that it has filed the independent NI 43-101 compliant technical report for its Iberian Belt West Project (“IBW” or the “Project”) in Andalusia, Spain, supporting the updated Mineral Resource Estimate (“MRE”) for the Project announced on March 17, 2025. The technical report, titled “NI 43-101 Technical Report on the Iberian Belt West Project, Spain” was prepared by ...

Project Overview - Buckreef Gold Project is expanding in Tanzania, featuring a low-risk, high-margin open-pit gold mining operation[11] - The project has a multi-million ounce gold resource within a 16 km2 license area[11] - A 2025 PEA outlines an underground expansion with average annual production of approximately 62,000 oz Au over 17.6 years[11] - The PEA projects an NPV 5% of US$1,181 million pre-tax and US$766 million after-tax at a gold price of US$3,000/oz[11] Financial Performance and Growth - F2024 annual production reached 19,389 oz Au, with revenue of $41.2 million and adjusted EBITDA of $15.3 million[10] - Q2 2025 revenue was $9.1 million, a 14% year-over-year increase, and operating cash flow was $2.0 million, a 100% year-over-year increase[28] - The company completed a mill expansion to 2,000 tpd, supporting increased future annual production[21] Resource Estimate and Exploration - The 2025 Mineral Resource estimate includes 893,000 oz of gold in Measured & Indicated Resources and 726,000 oz in Inferred Resources[19] - Ongoing drilling of high-priority gold zones aims to increase the mineral resource[16] - The discovery of the new Stamford Bridge Shear Zone shows geology similar to Buckreef Main[55] - Best drill results ever include BMDD315 intersecting 37 m @ 6.86 g/t Au (253.82 gtm) from 130 m and BMDD310 intersecting 35.5 m @ 5.48 g/t Au (194.54 gtm) from 64 m[59] PEA Key Metrics - The PEA projects average annual gold production of 61,700 ounces[44] - LOM average cash costs are estimated at $1,017 US$/oz, and AISC at $1,199 US$/oz[44] - Growth capital over the first 4 years is projected at $88.7 million[44]

Core Viewpoint - Emerita Resources Corp. is actively drilling at its El Cura deposit, part of the Iberian Belt West project, and has reported significant copper-gold mineralization results, indicating strong potential for resource expansion [1][7][20]. Drilling Results - Recent drilling results from El Cura show copper-gold-rich mineralization with associated zinc-lead-silver, confirming continuity of mineralization [2][4][5]. - Drillhole EC050 encountered 10.8 meters grading 4.8% copper, 1.4 g/t gold, and 72.6 g/t silver, while EC046 encountered 8.9 meters grading 1.1% copper, 1.2 g/t gold, and 15.5 g/t silver [5][6]. - Other notable results include drillhole EC039 with 1.5% copper, 1.0% lead, 1.9% zinc, 2.0 g/t gold, and 38.7 g/t silver [5][6]. Objectives of Drilling Campaign - The drilling campaign aims to determine the continuity of mineralization to support conversion to mineral reserves for an upcoming NI 43-101 compliant prefeasibility study and to test the continuation of the deposit at shallower levels and depth [7]. - The results confirm good continuity of grade and width within the deposit, with potential for further growth through additional drilling [7]. Mineral Resource Estimate - Emerita recently released an updated Mineral Resource Estimate (MRE) for the IBW Project, highlighting the significance of El Cura to the overall resource base [8]. Operational Details - The company has four drill rigs dedicated to testing the El Cura deposit, which remains open in all directions, particularly down plunge and to the west [7][20]. - Quality assurance protocols are in place for the drilling process, including sample preparation and analysis at certified laboratories [21][22]. Company Overview - Emerita Resources Corp. focuses on the acquisition, exploration, and development of mineral properties in Europe, primarily in Spain, with its corporate office in Sevilla and administrative office in Toronto [24].

Core Insights - Denarius Metals Corp. announced final results from its infill drilling program at the Las Brisas Target within the Zancudo Project in Colombia, confirming high-grade mineralization and the discovery of a new manto vein [1][3][5] Drilling Program Overview - The 2024 infill drilling program included 13 drill holes totaling approximately 2,435 meters, contributing to a total of 7,225 meters drilled in 45 holes for the year [3][4] - The program aimed to upgrade Inferred Resources to Indicated Resources and support near-term mine development, focusing on the Los Albertos and Las Brisas targets [4][8] Drilling Results - Significant intercepts included: - 18.27 g/t Au and 1,819 g/t Ag over 0.30 m from hole ZM-185 on the Manto Antiguo vein - 23.11 g/t Au and 1,653 g/t Ag over 0.40 m from hole ZM-193 on the Manto Antiguo vein - 14.0 g/t Au and 96 g/t Ag over 0.70 m from hole ZM-190 on the Santa Catalina vein - 17.20 g/t Au and 101 g/t Ag over 0.30 m from hole ZM-192 on the Santa Catalina vein - 12.12 g/t Au and 93 g/t Ag over 0.50 m from hole ZM-185 on the newly discovered Manto Brisas vein [5][10] New Discoveries - The discovery of the Manto Brisas vein introduces a new exploration target, enhancing the potential for future resource expansion at the Las Brisas Target [6][10] - The results confirm continuity of mineralization in the Manto Antiguo and Santa Catalina veins, with a delineated high-grade ore shoot still open along strike [5][6] Future Plans - The company plans to complete an updated Mineral Resource estimate incorporating the 2024 drilling results in Q3 2025 and has commenced mining operations at the Zancudo Project [6][8] - An additional drilling campaign is planned for 2025 to further upgrade resources and accelerate mine development [8]

Core Insights - New Found Gold Corp. has provided an overview and plans for the Queensway Gold Project, including the filing of a technical report for the initial mineral resource estimate [1][29] - The company is advancing towards a preliminary economic assessment (PEA) scheduled for completion in late Q2/25, with a focus on exploring additional discoveries [3][29] Project Highlights - The Queensway Gold Project is located in a Tier 1 jurisdiction with favorable mining conditions, including access to infrastructure and a skilled workforce [5] - The initial mineral resource estimate includes 18.0 million tonnes grading 2.40 grams per tonne (g/t) gold, totaling 1.39 million ounces (Moz) in the indicated category, and 10.7 million tonnes grading 1.77 g/t gold, totaling 0.61 Moz in the inferred category [5][9] - High-grade veins are exposed at the surface, with 73% of the ounces contained in 24% of the tonnage within the mineral resource pit shells [5] Future Plans - A fully funded PEA is underway, with a planned release in late Q2/25 [6] - A 2025 drill campaign is being planned to start in mid Q2/25, focusing on resource conversion and exploration for additional major deposits along the 110 km strike extent of the project [6] - Bulk sampling is planned to commence in H1/26 to confirm grade continuity and validate the resource model [6] Technical Report and Resource Estimate - The technical report was prepared by SLR Consulting in accordance with Canadian standards and has been filed under the company's profile [7][29] - The current mineral resource estimate as of March 15, 2025, shows a total of 18.0 million tonnes indicated and 10.7 million tonnes inferred, with respective grades and contained metal detailed in the report [9][10] Data Verification and Quality Control - The data used in the mineral resource estimate is supported by quality assurance and quality control procedures, ensuring the reliability of the assay database [19][23] - An independent Qualified Person has reviewed the sampling, analytical methods, and QA/QC program, confirming they meet industry standards [21][25]

VANCOUVER, BC, April 15, 2025 /PRNewswire/ - Norsemont Mining Inc., (CSE: NOM) (OTCQB: NRRSF) (FWB: LXZ1) ("Norsemont" or the "Company") is pleased to announce an updated Mineral Resource Estimate ("MRE") of 2,184,000 indicated gold equivalent ounces and 557,000 inferred gold equivalent ounces for its Choquelimpie Gold-Silver-Copper Project ("Choquelimpie" or "the Project"), located in the Province of Parinacota, Region XV, Northern Chile. Norsemont holds a 100% ownership interest in the Project, through it ...

Core Viewpoint - Blue Moon Metals Inc. has announced a maiden mineral resource estimate for the Sulitjelma VMS deposit in Norway, indicating significant potential for further exploration and development in a historically productive mining district [1][2][6]. Mineral Resource Estimate - The maiden mineral resource estimate includes 17 million tonnes grading 1.06% Cu and 0.21% Zn in the inferred category, excluding gold, silver, and sulfur which were historically recovered as by-products [2][11]. - The resource estimate is classified entirely as Inferred Mineral Resources, which are considered too speculative to have economic viability applied [11][12]. Project Development Plans - The company plans to focus on the Rupsi and Dypet deposits, with government approval to extend an existing mine tunnel by up to 1 km and conduct 10,000 meters of underground drilling, with a budget of approximately 37 million NOK (~US$3.4 million) [3][6]. - Exploration activities will target mineral potential, with current underground workings in good condition, ending approximately 200 meters from the resource estimate outline [3][23]. Historical Context and Infrastructure - The Sulitjelma Project is located in a significant mining district with historical production of 26 million tonnes of copper at a grade of 1.80% from 1891 to 1991 [1][6]. - Blue Moon holds exclusive options to purchase historical processing plant infrastructure for a nominal value of 1 NOK (~US$0.1) and has access to numerous historical mining tunnels for efficient exploration [6][30]. Exploration Strategy - The exploration program aims to expand known mineralized zones and enhance resource confidence through systematic drilling, geological mapping, and geophysical surveys [23][24]. - The company anticipates that results from the exploration program will significantly advance the understanding and potential of the Sulitjelma Project [24][30].