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Opawica Drills 6.12 G/T AU, 3.65 G/T AU, AND 2.15 G/T AU, AND 67.9 m of 0.84 G/T Au At Bazooka Property (TSXV: OPW) (FSE: A2PEAD) (OTCQB: OPWEF)
Thenewswire· 2025-07-10 11:25
Core Insights - Opawica Explorations Inc. announced positive drill results from its Bazooka Property, indicating gold mineralization in every hole drilled, showcasing strong continuity of mineralization [2][4][18] - The company completed 3,359 meters of drilling across 14 holes, with 978 samples submitted for analysis, highlighting the extensive exploration potential with approximately 80% of the property remaining undrilled [1][2][15] Drill Program Highlights - The initial Phase 2 drill program at the Bazooka project revealed 19 gold mineralized zones, with 15 zones carrying grades above 0.55 g/t up to 6.12 g/t Au [4][12] - Significant intercepts include 67.9 meters at 0.84 g/t Au, with a notable inclusion of 7.5 meters at 3.65 g/t Au [5][12] - The geological team observed consistent mineralization continuity across the project, with 7,000 meters of high-priority targets still to be explored [2][4] Geological and Technical Insights - The drill targets were developed from detailed structural interpretations and 3D modeling, contributing to an updated geological model that incorporates various geological features [1][2] - Many intercepts are hosted in sericitized greywacke with arsenopyrite, typical of gold-bearing zones in the Abitibi Greenstone Belt, indicating a structurally controlled mineralized system [6][12] Future Plans and Strategic Initiatives - The company plans to continue drilling the remaining high-priority targets on the Bazooka Property to expand and better define the identified mineralized zones [15][23] - Opawica has identified 59 high-priority drill targets across the Bazooka and Arrowhead properties, supported by advanced geological modeling and AI-driven analysis [16] - The company has secured drilling contractors and established drill targets totaling over 20,000 meters planned across Bazooka and Arrowhead for the 2025 program [16][18] Recent Accomplishments - Opawica has made significant strides in exploration and corporate development, enhancing its position for continued growth and value creation [14][18] - The company successfully completed a cross-border listing on the OTCQB, improving liquidity and access to North American capital markets [16][18]
Intrepid Metals Intersects 216.50m of 0.71% Copper Starting 29m from Surface at Corral Copper in Arizona
Newsfile· 2025-07-10 11:00
Core Insights - Intrepid Metals Corp. has reported significant assay results from its ongoing drill program at the Corral Copper Property in Arizona, indicating the potential for a substantial copper asset in a promising district [3][4][22] Exploration Results - The latest drilling results from holes CC25_029 and CC25_030 show 216.50 meters of 0.71% Copper, 0.28 gpt Gold, and 5.14 gpt Silver, with a Copper Equivalent of 0.85% [6][7] - Notable intervals within Hole CC25_029 include: - 49.10m of 1.84% Cu, 0.78 gpt Au, and 11.41 gpt Ag (2.20% CuEq) - 23.05m of 3.31% Cu, 1.31 gpt Au, and 16.65 gpt Ag (3.77% CuEq) - 10.25m of 5.94% Cu, 2.20 gpt Au, and 25.50 gpt Ag (6.51% CuEq) [6][7][17] - Hole CC25_030 reported 98.20m of 0.35% Cu, 0.43 gpt Au, and 4.75 gpt Ag (0.70% CuEq) [13][17] Geological Context - The Corral Copper Property features mineralization concentrated in northeast dipping sedimentary rocks, with the most intense mineralization occurring in the Abrigo Limestone and Bolsa Quartzite [8][9] - The Ringo Zone, part of the Corral Property, is characterized by favorable geological formations and has shown signs of a transition toward copper-gold porphyry-style systems, enhancing its potential as a bulk-minable target [4][10] Company Strategy - Intrepid Metals aims to leverage historical data and modern exploration techniques to advance the Corral Copper Property towards development studies [25][26] - The company has a comprehensive exploration strategy that includes ongoing drilling, surface geological mapping, and sampling to validate historical data and identify mineralized porphyry centers [9][23][24]
West Point Gold Reports Positive Preliminary Metallurgical Results from the Gold Chain Project, Arizona
Newsfile· 2025-07-10 11:00
Core Viewpoint - West Point Gold Corp. has completed preliminary metallurgical testing at the Tyro target of its Gold Chain Project in Arizona, showing promising gold recoveries of up to 86% and plans for further testing and a new marketing agreement [1][2][24]. Metallurgical Testing Results - Initial bottle roll tests indicated gold recoveries ranging from 32% to 86% after 144 hours of leaching, with calculated head grades between 0.142 to 9.229 g/t gold [4][9]. - Silver recoveries varied from 34% to 80%, based on head grades from 0.40 to 197.77 g/t silver [4][9]. - Sodium cyanide consumption was between 0.09 to 0.53 kilograms per metric tonne, while hydrated lime additions ranged from 0.50 to 3.25 kilograms per metric tonne [5][9]. - The particle size of the tested material ranged from 1.39 to 2.17 millimetres, with finer material yielding better recoveries [9]. Project Updates - The company has decided not to continue with the Mining Claim Lease for the Jefferson North Project due to insufficient work to justify the required payments totaling US$3,815,000 over the next two years [21][22][23]. - The company believes its capital is better allocated to other projects following recent exploration success at the Gold Chain Project [23]. Marketing Agreement - West Point Gold has entered into a marketing agreement with i2i Marketing Group for up to twelve months, with a total media budget of up to US$1,250,000, including an initial non-refundable payment of US$250,000 [24][26]. - The marketing campaign aims to increase investor awareness through various online platforms and direct mailing [25].
Metals Creek Returns 1.36% Cu and 3.10 g/t Ag over 36.30m at the Tillex Copper Project
Newsfile· 2025-07-10 11:00
Core Insights - Metals Creek Resources Corp. announced final drill results from the Tillex Copper Project, indicating successful mineralization extension and high-grade mineralization definition [1][2][4] - The recent drilling program consisted of seven diamond drill holes totaling 909.5 meters, revealing a transition in copper mineralization from steeply dipping to shallower or flat lying [2][3] - Significant copper mineralization was identified, including an intercept of 1.36% Cu and 3.10 g/t Ag over 36.3 meters, with a higher-grade interval of 2.15% Cu and 2.63 g/t Ag over 17.6 meters [3][4] Drill Program Details - The drill program successfully extended mineralization to the north and defined high-grade vein and stringer mineralization at both upper and lower contacts of mineralized porphyry [2][3] - Hole TX25-035 tested the new interpretation of copper-bearing stratigraphy, confirming the flattening of mineralization in the southern portion of the project [3] - Over-limit assays were received for previously reported holes TX25-29 and TX25-31, indicating new lead and zinc mineralization [6] Company Overview - Metals Creek Resources Corp. is a junior exploration company based in Ontario, with its shares listed on the TSX Venture Exchange under the symbol "MEK" [9] - The company has a 50% interest in the Ogden Gold Property and multiple quality projects available for option [9][10]
First of Two Drill Rigs Arrives at the Mercur Gold Project
Globenewswire· 2025-07-09 21:00
Core Insights - Revival Gold Inc. has commenced its 2025 drilling program at the Mercur Gold Project in Utah, which includes 3,000 meters of core drilling and 10,000 meters of RC drilling aimed at upgrading and potentially expanding the Project's Mineral Resources [2][4] - The first core drilling rig has arrived on site, with plans to complete drilling over the next three to four months, focusing on gold and multi-element geochemistry analysis [3] - A second RC drill rig is expected to arrive later this month, with plans for 60-75 drill holes to support a Preliminary Feasibility Study in 2026 [4] Drilling Program Details - The core drilling will collect samples for metallurgical testing and geotechnical property analysis, with the goal of augmenting existing metallurgical test data [3] - The RC drilling will target historical waste rock fill material, which may contain recoverable gold, contrary to its current classification as waste in the Preliminary Economic Assessment [4] - Recent drilling data has indicated potential gold values in previously assumed waste rock, highlighting it as a potential value catalyst for the Mercur Project [4] Company Outlook - The President & CEO of Revival Gold anticipates a productive field season in 2025, with two drilling rigs secured for Mercur and a third planned for the Beartrack-Arnett project later this year [5] - The company has extended its marketing services agreement with Resource Stock Digest, committing to pay US$100,000 per quarter for marketing and advertising services [6] - Revival Gold is advancing the development of the Mercur Gold Project and preparing for mine permitting at the Beartrack-Arnett Gold Project in Idaho [8]
Class 1 Nickel Commences 2025 Exploration Program at the River Valley PGE-Cu-Ni Project, Ontario, Canada
Globenewswire· 2025-07-09 11:30
Core Viewpoint - Class 1 Nickel and Technologies Limited has launched its 2025 summer exploration program at the River Valley PGE-Cu-Ni Project, which is expected to enhance its portfolio focused on critical minerals such as PGE, copper, and nickel [1][4]. Group 1: Exploration Program Details - The 2025 field exploration program will focus on geological mapping, sampling, and ground-truthing of targets identified from a recent 254 line-kilometer VTEM™ Plus survey [2][10]. - The exploration will include detailed examination of known sulphide occurrences and will report results as they become available [2][10]. - The program aims to validate geophysical targets developed from the VTEM™ Plus survey, particularly along the Crerar PGE Trend [3][10]. Group 2: Project Overview - The River Valley PGE-Cu-Ni Project spans approximately 2,916 hectares and is located about 65 kilometers northeast of Sudbury, Ontario, featuring known PGE-bearing sulphide mineralization [1][4]. - The project is underlain by gabbroic to anorthositic rocks of the Paleoproterozoic River Valley Intrusion, with a focus on targeting productive Marginal and Inclusion-Bearing zones [4][14]. - The project is strategically positioned near the advanced River Valley Palladium Project being developed by New Age Metals Inc., providing additional exploration upside [1][4]. Group 3: Geophysical Survey Insights - A helicopter-borne VTEM™ Plus survey was conducted in March 2025, acquiring approximately 254 line-kilometers of geophysical data [7]. - The survey utilized advanced geophysical sensors, including a versatile time domain electromagnetic system and a horizontal magnetic gradiometer [7]. - The results from the survey will inform the summer exploration program, which includes geophysical ground-truthing and mapping [10][11].
Kenorland Minerals Provides 2025 Exploration Update
Newsfile· 2025-07-09 11:30
Core Viewpoint - Kenorland Minerals Ltd. is actively advancing its exploration projects across multiple regions in North America, with significant partnerships and promising drilling results indicating potential for gold discoveries and resource development [1][2][3]. Financial Position - As of May 31, 2025, the company's working capital was approximately $24.3 million, with forecasted exploration expenditures exceeding $44.7 million for 2025, of which about $33.5 million is funded by partners [2]. - Expected revenue for the year is around $4.2 million, supplemented by an additional $0.6 million from a refundable mining tax credit [2]. - The company holds equity interests valued at approximately $6.68 million in various private and publicly listed companies [2]. Exploration Projects Frotet Project, Quebec - The Winter 2025 drill program at the Regnault gold system reported significant intercepts, including 6.70m at 30.41 g/t Au and 7.70m at 16.26 g/t Au, demonstrating the scale and continuity of the mineralization [3]. - A maiden mineral resource estimate is anticipated by late 2025 or early 2026, contingent on ongoing baseline studies and permitting processes [4][5]. South Uchi Project, Ontario - A maiden 27-hole, 14,365-metre diamond drill program confirmed the discovery of a new gold system, with highlights including 9.50m at 1.19 g/t Au [6][7]. - Auranova Resources Inc. has acquired a 51% interest in the project, with the option to increase to 70% [7]. Flora, West Wabigoon, and Algoman Projects, Ontario - Systematic geochemical programs outlined multiple large-scale gold anomalies, with follow-up exploration planned for 2025 [9][10]. - These projects are under a multi-year exploration agreement with Centerra, allowing them to earn up to a 70% interest [10][11]. Chebistuan Project, Quebec - The Winter 2025 drill program was curtailed due to challenging conditions, completing 2,449 metres with notable results of 5.10m at 1.19 g/t Au [12]. Hunter Project, Quebec - A maiden diamond drill program encountered widespread anomalous mineralization, with notable results including 2.85m at 0.50 g/t Au and 0.72% Cu [13]. O'Sullivan Project, Quebec - A till geochemical survey was completed, with results pending to guide further exploration [14]. New Projects - The Kowkash Project in Ontario and the Atlantic Project in New Brunswick are undergoing initial surveys, with the Eeyou Istchee Project in Quebec also in the exploration phase [15][16][17]. Other Assets - Kenorland holds a 6.5% equity interest in Koulou Gold Corp., which recently completed a financing round to support its exploration campaign [20]. - The company has entered into a definitive agreement with Evolution Nickel Corporation for the South Thompson Project, retaining a 2% NSR royalty [21]. - Ongoing exploration at the Opinaca Project is supported by a recent airborne geophysical survey [22].
GoldHaven Resources Completes Auger Drill Program at Copeçal Gold Project in Mato Grosso, Brazil
Globenewswire· 2025-07-08 13:00
Core Viewpoint - GoldHaven Resources Corp. has successfully completed its initial Auger drill program at the Copeçal Project in Brazil, marking a significant milestone in its exploration efforts with a total of 2,153.4 meters drilled [1][6]. Drilling Program Details - The Auger drill program consisted of 107 holes, with 92 holes covering the main area of the east anomaly on a 100m x 50m grid and 15 reconnaissance holes targeting geochemical-structural targets towards the south-east from the western anomaly [2][7]. - Holes were drilled to a maximum depth of 30 meters, with an average depth of 20.13 meters [2]. Sample Analysis - A total of 1,325 samples, including QAQC samples, have been sent to ALS Global Laboratories for analysis, with preparation occurring at their facility in Cuiabá, Brazil [4]. - Sampling was conducted at consistent 2-meter intervals, and quality control measures included blanks, certified standards, and duplicates at a rate of 10% of the total sample batch [4]. Geological Observations - Initial geological logging suggests that areas with bedrock depth exceeding 20 meters may indicate deeper regolith profiles over potentially mineralized areas [5]. - Observations include the presence of sericite alteration and disseminated limonitic boxwork, indicating hydrothermal alteration in deeper auger holes [5]. Future Plans - The company plans to conduct a Very Low Frequency (VLF) electromagnetic geophysical survey in July to enhance understanding of the structural trends favorable for gold mineralization [6][8]. - The integration of VLF-EM geophysics with auger geochemistry aims to optimize future drilling campaigns [8]. Project Background - The Copeçal Gold Project is located within the Alta Floresta Gold Province, a historically productive region for gold discoveries since the late 1970s, covering a total of 3,681 hectares [11]. - The Juruena Gold Province, where the project is situated, is known for its potential for various gold deposit types, including mesothermal shear-related and intrusion-related deposits [12]. Historical Exploration - Previous exploration by AngloGold Ashanti from 2010 to 2016 identified multiple zones of anomalous gold mineralization through systematic exploration methods [13][14]. - Historical work has confirmed gold and arsenic anomalies, supporting the presence of a substantial mineralized system [14].
Sitka Commences the First Drill Program Ever to Be Conducted at Its Coppermine River Project in Nunavut Where up to 41.54% Copper and 13.45% Copper Have Been Identified in Volcanic-Hosted and Sediment-Hosted Target Areas
Newsfile· 2025-07-08 12:30
Sitka Commences the First Drill Program Ever to Be Conducted at Its Coppermine River Project in Nunavut Where up to 41.54% Copper and 13.45% Copper Have Been Identified in Volcanic-Hosted and Sediment-Hosted Target AreasJuly 08, 2025 8:30 AM EDT | Source: Sitka Gold Corp.Drilling to target a new sediment-hosted copper discovery at the Copper Leaf showing where surface grab samples have returned copper and silver assays as high as 13.45% Cu and 65.0 g/t Ag; two separate geophysical surveys comp ...
Urano Energy Strengthens Board of Directors with the Appointment of John Hamrick
Prnewswire· 2025-07-08 11:00
Core Insights - Urano Energy Corp has appointed Mr. John Hamrick as a Director of the Board effective July 3, 2025, bringing extensive experience in the uranium sector [1][2] - Mr. Hamrick has over 40 years of experience in metallurgy, environmental health and safety, and process optimization, particularly in uranium, copper, and tungsten milling operations [3][4] - The company granted Mr. Hamrick 400,000 stock options at a price of $0.10 CDN, with a vesting schedule over eighteen months [6] Company Background - Urano Energy is a mineral exploration company focused on advanced conventional uranium projects in the Colorado Plateau, an area with a significant history of uranium and vanadium mining [8] - The company is well-positioned to advance permitting for key projects as the demand for domestic uranium and nuclear energy in the United States increases [8] Leadership Transition - Alongside Mr. Hamrick's appointment, Trey Wasser and Lori Walton will transition from the Board of Directors to advisory roles, continuing their involvement with the company [7]