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White Gold Corp. Closes Upsized $23 Million Private Placement
Globenewswire· 2025-10-15 14:48
Core Viewpoint - White Gold Corp. has successfully closed a brokered private placement, raising approximately $23 million to fund exploration activities and advance its flagship White Gold Project in Canada [1][4]. Financing Details - The Offering included the sale of 9,411,710 Units at $0.85 each, 8,547,000 FT Units at $1.17 each, and 5,000,000 FT Shares at $1.00 each [6]. - The gross proceeds will be allocated to exploration expenditures in the White Gold District and for working capital and general corporate expenses [7]. Participation and Agents - Agnico Eagle Mines Limited participated in the Offering, along with other insiders such as PowerOne Capital Corp. and the CEO and VP of Exploration of White Gold [3][10]. - Clarus Securities Inc. acted as the sole bookrunner and lead agent for the Offering, supported by a syndicate of agents [2]. Project Overview - White Gold Corp. holds a portfolio of 15,364 quartz claims across 21 properties, covering 305,102 hectares, representing about 40% of the White Gold District [5][11]. - The flagship project contains an estimated 1,732,300 ounces of gold in indicated resources and 1,265,900 ounces in inferred resources, with significant expansion potential [5][11]. Exploration Plans - The financing will enable the company to execute its largest drill program to date, focusing on expanding the high-grade core and exploring other targets in the White Gold District [4]. - The company aims to unlock value across its extensive land package, targeting both gold and critical mineral opportunities [4].
Brixton Metals Drills 22.15m of 4.44 g/t Gold Including 1.50m of 57.20 g/t Gold at the Trapper Gold Target
Globenewswire· 2025-10-15 11:30
Core Insights - Brixton Metals Corporation announced additional drill results from the Trapper Gold Target, highlighting the potential of this emerging gold system with significant intercepts [1][3][9] Drill Results - A total of 6,272 meters were drilled at the Trapper Target from 30 holes, with assays pending for 13 holes [1] - Notable intercepts include: - Hole THN25-345: 22.15 meters grading 4.44 g/t gold, including 1.50 meters at 57.20 g/t gold [6][7] - Hole THN25-342: 4.00 meters of 2.22 g/t gold, including 0.35 meters at 13.95 g/t gold [6][7] - Hole THN25-340: 30.85 meters of 1.47 g/t gold and 4.32 g/t silver, including 3.10 meters at 4.75 g/t gold and 16.01 g/t silver [6][7] Geological Context - Gold mineralization is hosted within Triassic lapilli tuff, intruded by Cretaceous quartz diorite and feldspar porphyry dikes [10] - Higher-grade intervals are located near the contacts between different lithologies, while lower-grade mineralization occurs between reported intervals [10] Exploration Strategy - Drill holes THN25-342 and THN25-345 were designed to infill and delineate high-grade gold mineralization previously identified [9] - The geological relationship observed during the 2025 drilling campaign has expanded the known footprint of gold mineralization eastward [11] Company Overview - Brixton Metals is focused on advancing its mining projects, owning four exploration projects including the Thorn copper-gold-silver-molybdenum Project and the Hog Heaven copper-silver-gold Project [19]
Pacific Empire Closes Second Tranche of Private Placement and Announces Arrival of Omineca Drilling at Trident
Newsfile· 2025-10-15 11:30
Core Viewpoint - Pacific Empire Minerals Corp. has successfully closed the second tranche of its private placement and is set to commence diamond drilling at its Trident Copper-Gold Project, marking a significant milestone in the company's exploration efforts [1][4][6]. Funding and Financials - The second tranche of the private placement raised gross proceeds of C$140,702, bringing the total raised to C$1,526,991.95 [2]. - Finder's fees for both tranches totaled C$56,611.94 in cash and 1,539,984 finder warrants [3]. Drilling Program - Omineca Drilling Ltd. has arrived at the Trident camp, with diamond drilling set to begin, involving five holes totaling approximately 2,500 meters [4]. - The drilling program is fully permitted and aims to test both porphyry and breccia targets that have never been drilled before [4][14]. Geological Context - The targets are located along the contact between the Hogem Plutonic Suite and the Chuchi Lake volcanic succession, a geological setting known for hosting numerous copper-gold porphyry deposits in British Columbia [5]. - Historical exploration has identified nearly 80 drill holes south of the creek, but the newly permitted northern area has never been drilled, making it a high-priority target [9][13]. Strategic Importance - The Trident drill program is timely, coinciding with increasing global copper demand driven by electrification and electric vehicle adoption [14]. - The combination of historical mineralization, geophysical and geochemical anomalies, and newly permitted access to previously untested targets presents a unique discovery opportunity [15]. Company Overview - Pacific Empire is a copper exploration company based in Vancouver, British Columbia, with a district-scale land position totaling 22,541 hectares [22]. - The Trident property is an early exploration stage property with significant potential, located approximately 50 km from major copper-gold deposits [17].
Alaska Silver 2025 Exploration Update
Newsfile· 2025-10-15 11:00
Tucson, Arizona--(Newsfile Corp. - October 15, 2025) - Alaska Silver Corp. (TSXV: WAM) (OTCQX: WAMFF) (the "Company," "Alaska Silver" or "WAM") is pleased to provide an exploration update for the 2025 field program completed on its 100% owned Illinois Creek ("IC") Carbonate Replacement Deposit ("CRD") project in western Alaska. In addition to a limited drilling program, an exciting entirely new mineralization zone ("Silver Sage") was discovered through follow-up work on historical soil geochemical anomalie ...
First Drill Hole Confirms High-Grade Copper Skarn Mineralization at the Birch Project
Globenewswire· 2025-10-15 11:00
Core Insights - Yukon Metals Corp. has announced initial results from its 2025 drill program at the Birch Copper-Gold Project, indicating promising copper-gold mineralization [1][3][4] Drill Results - The 2025 drill program at Birch included 1,685 meters of HQ diamond drill core across six holes, with significant findings from Hole BR25-001, which intersected 21.2 meters of 0.30% Cu and high-grade intervals of up to 3.5% CuEq [4][5][7] - The initial drill hole revealed stacked skarn horizons with copper mineralization, extending along a 750-meter strike, and early indications of a porphyry-style source [5][11] - Surface prospecting 2 kilometers south of the drill pad returned high values, including up to 16 g/t Au and 1,825 g/t Ag, coinciding with a large molybdenum soil geochemical anomaly [5][14][16] Geological Context - The Birch project is located within the Yukon-Tanana Terrane, characterized by schist and marble units, and is underlain by a potassium/thorium low in airborne geophysical surveys [23][24] - The geology suggests a broad hydrothermal footprint with multiple mineralizing pulses, indicating potential for significant mineral discoveries [16][19] Community Engagement - Yukon Metals has engaged local First Nation contractors for various services, including drill pad construction and camp services, emphasizing a commitment to local community involvement [25][32] Company Overview - Yukon Metals Corp. is a well-financed exploration company with a portfolio of 17 projects covering over 43,000 hectares, focusing on copper, gold, silver, and critical metals [32][34]
UAV Radiometric and Magnetic Survey Results Highlight Significant Exploration Potential at District Metals' Ardnasvarre Property in Sweden
Newsfile· 2025-10-15 06:00
Core Insights - District Metals Corp. has announced significant exploration potential at its Ardnasvarre Property in Sweden following a detailed UAV radiometric and magnetic survey [1][2][5] Exploration Results - The UAV survey identified strong uraniferous radiometric anomalies linked to uranium boulder trains from the Viepsajokk and Labbas occurrences [2][5] - The Labbas occurrence shows potential for significant expansion, with historical drill results indicating 7.0 meters at 0.17% U3O8, including a higher-grade interval of 0.8 meters at 0.94% U3O8 [3][6] - The Viepsajokk occurrence consists of 79 uranium mineralized boulders and is considered one of the most promising unconformity-style uranium target areas [4][6] Geological Context - The Ardnasvarre Property is located in a region with geological similarities to the Athabasca Basin, known for high-grade uranium deposits [4][8] - The property covers 9,708 hectares and is prospective for uranium, copper, zinc, lead, and rare earth elements, straddling the unconformity between Svecofennian basement rocks and Caledonide sedimentary rocks [13] Historical Data - Historical drilling at the Labbas zone estimated a resource of 86,478 tonnes at an average grade of 0.12% U3O8, containing 228,780 pounds of U3O8 [13] - The company plans to verify historical data through further exploration, including drilling [11][13] Future Outlook - The company is optimistic about advancing exploration efforts in the Ardnasvarre Property, especially with the potential lifting of the current moratorium on uranium exploration and mining in Sweden set for January 1, 2026 [8][19]
Thor Explorations Announces Q3 2025 Operating Update
Newsfile· 2025-10-15 06:00
Core Insights - Thor Explorations Ltd. reported strong operational performance for Q3 2025, maintaining production and cost guidance for the year, with an average realized gold price of US$3,535 per ounce [7][8][5]. Q3 2025 Operational Highlights - Gold poured in Q3 totaled 22,617 ounces, with gold sales of 19,650 ounces generating revenue of US$69.5 million [5]. - The company milled 250,459 tonnes of ore at an average grade of 3.11 g/t, achieving a recovery rate of 94.3% [5]. - The ore stockpile increased by 2,977 ounces to 44,069 ounces at an average grade of 0.83 g/t [5]. - The company maintained its FY 2025 production guidance range of 85,000 to 95,000 ounces of gold and AISC guidance of $800 to $1,000 per ounce [5]. Exploration Activities - Ongoing drilling programs at Segilola and scout drilling in Nigeria are continuing, with additional drilling planned for the Douta Project in Senegal and the Guitry and Marahui licenses in Côte d'Ivoire [5][8]. - The company secured full ownership of the Douta Project, enhancing its long-term development strategy [16][19]. - Significant drill results were reported, including high-grade intersections that support the geological model [13][25]. Dividend Information - The company will maintain its dividend policy, with a third quarterly dividend payment of C$0.0125 per share scheduled for November 14, 2025 [4][6]. - Key dates for the dividend include the ex-dividend date and record date on October 24, 2025 [7]. Future Outlook - The company plans to complete a maiden Mineral Resource Estimate at the Guitry Project and an updated Mineral Resource Estimate and Pre-Feasibility Study at the Douta Project by the end of 2025 [5][19]. - Exploration activities are set to resume in October, coinciding with the start of the dry season, to accelerate the evaluation of identified geochemical targets [19][23].
Formation Metals Announces Upsize to Previously Announced LIFE Offering and Private Placement of Units to $8.6 Million
Accessnewswire· 2025-10-14 23:30
Core Insights - The company has initiated a multi-phase drill program at its N2 Gold Project in Quebec, targeting a total of 20,000 metres [1] - The project hosts a global historic resource of approximately 870,000 ounces of gold, with 18 million tonnes grading 1.4 g/t Au, equating to about 809,000 ounces of gold across four zones [1] - Additionally, there are 243,000 tonnes grading 7.82 g/t Au, which corresponds to around 61,000 ounces of gold in the RJ zone [1] - Phase 1 of the drilling program, which is fully funded, commenced on September 25, 2025, and consists of 10,000 metres [1]
Mustang Energy Corp. Commences Drilling at Surprise Creek Uranium-Copper Project, Saskatchewan
Globenewswire· 2025-10-14 21:26
Core Insights - Mustang Energy Corp. has initiated its first diamond-drilling program at the Surprise Creek Uranium-Copper Project located in Saskatchewan, marking a significant milestone for the company [1][3] Project Overview - The Surprise Creek Project is situated 25 km northwest of the Beaverlodge Uranium District, which includes historic uranium mines [5] - The project area has shown promising surface samples with assays up to 7.98% U₃O₈ and notable historical copper drilling results [5] - Mustang Energy holds an option to acquire an 80% interest in the project from Thunderbird Resources Ltd. under an agreement dated June 3, 2025 [6] Drilling Program Details - The helicopter-supported drilling program will target priority areas along the Surprise Creek Fault Zone, focusing on historical intercepts and new targets identified through recent geophysical surveys [2] - The program aims to complete up to 2,000 meters of drilling to enhance understanding of mineralized zones [2] Company Positioning - Mustang Energy has acquired over 140,000 hectares of land, secured essential permits, and established partnerships with industry leaders and First Nations communities [3] - The company has traded over 100 million shares and raised more than $8 million, positioning itself for growth as it explores high-priority targets [3]
Silver Hammer Announces Receipt of Updated and Revised Drill Permit for Upcoming Silverton Project Exploration Program in Nevada
Newsfile· 2025-10-14 13:16
Core Viewpoint - Silver Hammer Mining Corp. has received an updated exploration drill permit for its Silverton Project in Nevada, allowing the company to commence a fully funded exploration drill program of up to 5,000 feet in eight reverse circulation holes, with drilling expected to start in late October to early November 2025 [1][2]. Company Overview - Silver Hammer Mining Corp. is focused on advancing high-grade silver projects in the United States, controlling 100% of seven previously producing silver mines, including the Silverton Silver Mine in Nevada and the Silver Strand Project in Idaho [14]. Project Details - The Silverton Project has multiple drill targets identified, with a focus on testing the mineralized area near and under historic high-grade mine workings [3][4]. - The initial drill program will consist of up to eight reverse circulation holes totaling 5,000 feet, primarily aimed at assessing the continuity of high-grade silver mineralization previously mined in the 1930s and 1950s [4][5]. Historical Context - The Silverton Mine has a history of production dating back to 1921, with the last recorded shipment in 1953, totaling less than 100,000 tons and historic production grades ranging from 300 g/t to 933 g/t silver [6][7]. Market Position - The company is well-positioned in a robust silver market, with prices exceeding US$50 per ounce, and has recently completed a fully subscribed private placement [2].