Mineral Exploration

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Churchill Reports High-Grade Zinc Results on Polymetallic Veins at the Black Raven Property, Central Newfoundland
Globenewswire· 2025-07-08 11:00
Core Viewpoint - Churchill Resources Inc. has announced high-grade results from due-diligence sampling at its Black Raven property, indicating the presence of polymetallic minerals including significant zinc, gold, silver, and lead grades [1][5]. Summary by Relevant Sections Sampling Results - The final due-diligence sample results revealed three over-limit zinc assays of 5.25%, 11.03%, and 12.11% from grab samples 305, 315, and 321 respectively [1][4]. - Other notable grades from the samples include silver grades ranging from 153 g/t to 395 g/t, gold grades from 2.16 g/t to 7.79 g/t, and lead grades from 3.10% to 8.83% [2]. Historical Context - The Black Raven Property includes two past-producing mines, the Frost Cove Antimony Mine and the Stewart Gold Mine, which had historical grades of 35.1% antimony and 14.4 g/t gold respectively [6]. - The property is located approximately 60 km northwest of Gander, Newfoundland, and has not been drilled previously [4][6]. Importance of Antimony - Antimony is highlighted as a critical mineral with over 90% of global production controlled by non-Western countries, emphasizing its strategic importance for national security and modern technology [7]. - Recent export restrictions from China have driven antimony prices to record levels exceeding $50,000 per tonne, underscoring the need for domestic sources in North America [7]. Due-Diligence Sampling Program - The sampling program was conducted by an independent qualified person, Dr. Derek Wilton, and involved various critical minerals including antimony, gold, silver, lead, zinc, copper, and molybdenum [8]. - All samples were securely delivered to SGS Canada Inc. for analysis, with specific methods employed for over-limit assays [8]. Company Overview - Churchill Resources Inc. focuses on strategic critical minerals in Canada, particularly at its Black Raven, Taylor Brook, and Florence Lake properties [15]. - The management team has extensive experience in mineral exploration and the establishment of successful mining companies [15].
Goldstorm Metals Initiates 2025 Exploration Program Targeting the Copernicus Zone on the Crown Property, Located in the Golden Triangle of British Columbia
Newsfile· 2025-07-08 09:00
Core Viewpoint - Goldstorm Metals Corp. has initiated a 2025 exploration program targeting the Copernicus Zone on its 100%-owned Crown Property, located in British Columbia's Golden Triangle, following recent copper-gold-silver discoveries [1][13]. Exploration Program - The exploration will include geological and geophysical programs to advance exploration on the Copernicus Zone, which covers approximately 16,000 hectares adjacent to significant projects by Seabridge Gold Inc. and Newmont [1][13]. - The Copernicus Zone is identified as a high-grade copper target with associated gold and silver mineralization [3]. Geological Insights - The company is analyzing assay results from previous sampling programs to define potential drill-hole locations for an inaugural diamond drilling program [3]. - A detailed geophysical study will be conducted over the Orion 'Spine', a six-kilometer-long ridgeline, to identify anomalies associated with mineralization [3][6]. Sampling Results - In 2024, extensive mapping and sampling programs included 627 surface rock samples, revealing multiple mineralized trends within volcaniclastic rocks at the Copernicus Zone [7]. - Notable sampling highlights include a grab sample returning 30.9 g/t gold and 42.39 g/t silver, and 16 samples within the Copernicus Zone returning greater than 1% copper [9][8]. Future Drilling Plans - The company has completed the construction of several drill pads targeting shear-hosted massive chalcopyrite lenses, which may represent mobilized metals from a deeper source [4][5]. - The initiation of a drill program is contingent upon favorable results from the upcoming geophysical study [3][6]. Company Background - Goldstorm Metals Corp. is focused on precious and base metals exploration, holding a strategic land position in the Golden Triangle of British Columbia, which is known for hosting some of the largest and highest-grade gold deposits globally [13].
Aya Gold & Silver Reports High-Grade Boumadine Exploration Results, Expands Imariren to 1km and Identifies New High-Grade Asirem Zone to the West
Globenewswire· 2025-07-07 11:00
Core Insights - Aya Gold & Silver Inc. has announced new high-grade drill exploration results from its 2025 program at Boumadine, Morocco, confirming high-grade continuity along the Boumadine Main Trend and extending the Imariren mineralized trend to 1 kilometer [1][11][18] - The company has identified a new mineralized high-grade at-surface zone, the Asirem zone, to the west of the Boumadine Main Trend, indicating significant resource growth potential [1][4][13] Exploration Results - A total of 79,732 meters of drilling has been completed in 2025, including 148 diamond drill holes, 31 reverse circulation holes, and 15 multi-purpose drill holes [10] - Significant intercepts include: - BOU-MP25-038: 258 g/t AgEq over 3.3 meters, including 563 g/t AgEq over 1.3 meters [5][6] - BOU-MP25-028: 286 g/t AgEq over 4.3 meters, including 460 g/t AgEq over 2.1 meters [5][6] - BOU-DD25-503: 876 g/t AgEq over 1.0 meter [5][6] - BOU-DD25-529: 365 g/t AgEq over 2.0 meters [5][6] Mineralization Characteristics - The main mineralization typically measures 1 to 4 meters wide, with some areas exceeding 10 meters, consisting mainly of massive sulphide lenses/veins [12] - The mineralized structure can be traced over 9 kilometers within the new western exploration permits, supporting future exploration potential [13][18] Future Plans - The company plans to execute a drilling program of 100,000 to 140,000 meters, focusing on extending known mineralization trends and conducting greenfield exploration [18] - The ongoing geological work will guide further development activities, aiming to advance the project towards a preliminary economic assessment [18]
Inventus Reports 4.10 gpt Gold and 1.78 Metre Average in 30 Drill Holes Within 6 Metres of Surface at the 10,000-Tonne Trench 1 Bulk Sample Site
Globenewswire· 2025-07-07 11:00
TORONTO, July 07, 2025 (GLOBE NEWSWIRE) -- Inventus Mining Corp. (TSXV: IVS) ("Inventus" or the "Company") is pleased to announce final assays from grade-control drilling of the 10,000-tonne Trench 1 Bulk Sample Site on its 100%-owned Pardo Gold Project, located 65 km northeast of Sudbury, Ontario. Highlights 12.59 gpt gold over 1.79 metres 11.31 gpt gold over 1.76 metres 11.45 gpt gold over 1.72 metres 8.76 gpt gold over 1.92 metres 7.93 gpt gold over 1.97 metres 5.28 gpt gold over 2.70 metres 5.20 gpt gol ...
Mustang Energy Corp. Receives Exploration Permit for 914W Uranium Project
Globenewswire· 2025-07-03 21:51
Core Viewpoint - Mustang Energy Corp. has received exploration permits from the Saskatchewan Government for the 914W Uranium Project, enabling ground-based exploration activities until April 30, 2028 [1][2]. Group 1: Exploration Permits - The permits include Crown Land Work Authorization, Aquatic Habitat Protection Permit, Forest Product Permit, and Temporary Work Camp Permit, allowing for activities such as trail construction, line-cutting, ground geophysical surveys, and diamond drilling [2]. - Mustang is committed to engaging with local communities to address concerns and ensure sustainable project implementation, prioritizing consultation and environmental stewardship [3]. Group 2: Project Details - The 914W Uranium Project covers 1,260 hectares and is located approximately 48 km southwest of Cameco's Key Lake Operation, providing favorable logistics via Highway 914 [5]. - The project is situated within the Western Wollaston Domain, known for uranium mineralization, and has shown promising geological features, including local graphite-bearing assemblages [5]. - Historical exploration has indicated significant uranium presence, with drill hole ML-1 encountering up to 1,288 ppm U and surface prospecting revealing up to 0.64% U3O8 at Don Lake Zone E [5]. Group 3: Company Background - Mustang Energy Corp. is focused on discovering and developing high-potential uranium and critical mineral assets, holding a portfolio of 147,153 hectares in Saskatchewan's Athabasca Basin [8]. - The company employs modern exploration techniques and a disciplined, data-driven approach to advance early-stage exploration [8].
Ridgeline Minerals Provides Assay Results and Drill Program Updates for the Big Blue and Atlas Projects
Newsfile· 2025-07-03 12:00
Core Insights - Ridgeline Minerals Corp. has announced assay results and drilling updates for its Big Blue and Atlas projects, highlighting high-grade mineralization in the Big Blue project [1][2][3] Big Blue Project - The Big Blue project includes three core holes totaling 2,072 meters, targeting induced polarization (IP) geophysical anomalies for high-grade copper-gold skarn and porphyry targets [3] - A significant intercept was reported in hole BB25-003, which returned 0.6 meters grading 0.7% Cu, 3,194 g/t Ag, and 2.6% W, equivalent to 35.3% copper equivalent, starting at a depth of 675.7 meters [4][5] - The Delker Mine corridor, which is part of the Big Blue project, shows high-grade mineralization extending over 500 meters beneath the historic mine and remains open for further exploration [2][4] Atlas Project - The Atlas project involved two core holes totaling 551 meters, aimed at testing for oxide gold mineralization within Pennsylvanian to Permian age limestones and conglomerates [6][18] - Initial results indicate potential for gold mineralization similar to the nearby Dark Star deposit, with observed Carlin-Type alteration and oxide mineralization down to approximately 200 meters [8][18] Future Exploration Plans - The company plans to continue drilling across its other projects, including Selena, Swift, and Black Ridge, with funding secured from partners for the latter three projects [2][19] - The exploration strategy will be refined based on the new drill data, particularly for the Ohio target, which has shown high-grade rock chip samples [5][6]
Gold Finder Announces Next Phase of Target Development at West Madsen Gold Project, Red Lake, Ontario
Newsfile· 2025-07-03 12:00
Gold Finder Announces Next Phase of Target Development at West Madsen Gold Project, Red Lake, OntarioWest Madsen adjoins Madsen Mine property, owned by West Red Lake Gold Mines (WRLG), which recently announced the restart of the Madsen Gold MineJuly 03, 2025 8:00 AM EDT | Source: Gold Finder Resources Ltd.Vancouver, British Columbia--(Newsfile Corp. - July 3, 2025) - Gold Finder Resources Ltd. (TSXV: GLD) (OTCQB: GLDFF) ("Gold Finder" or the "Company") is pleased to announce summer fieldwork a ...
Antimony Resources Intersects Massive Stibnite on Property Under Option from Globex
Globenewswire· 2025-07-02 16:05
Core Viewpoint - Antimony Resources Corp. has reported positive drilling results from the Bald Hill Antimony Project, indicating significant intersections of antimony mineralization, which may present investment opportunities for stakeholders in the mining sector [2][3][4]. Group 1: Drilling Results - Two drill holes, BH-25-3 and BH-25-4, successfully intersected the target antimony zone, with BH-25-03 showing 2.76% Sb over 2.8 m, including a peak of 19.0% Sb over 0.4 m [2][3]. - Hole BH-25-04 revealed 4.17% Sb over 7.40 m, with notable massive stibnite zones returning 28.8% Sb over 0.50 m, 21.9% Sb over 0.40 m, and 17.9% Sb over 0.40 m [3]. - A total of 10 drill holes have been completed, with additional assays pending for further mineralized intersections [3]. Group 2: Additional Mineralization - The drilling also encountered low-grade gold mineralization, with assays up to 2.15 g/t Au over 0.40 m as part of a wider intersection zone in Hole BH-25-04 [4]. Group 3: Market Context - Antimony prices have surged due to supply shortages exacerbated by geopolitical conflicts, which may enhance the project's economic viability [4]. Group 4: Project Terms - The option terms for the Bald Hill Antimony Project include $2,000,000 in cash payments, 1,100,000 shares of Antimony Resources, and a minimum of $5,000,000 in property expenditures over four years [5]. - Upon completion of the earn-in, Globex will retain a 3.5% Gross Metal Royalty, with the option to purchase 1% for $1,000,000 adjusted for inflation [5].
GoldMining Options Up to 80% of the Boa Vista Project to Australian Mines Limited for Total Consideration of Up to $7 million
Prnewswire· 2025-07-02 00:08
Core Viewpoint - GoldMining Inc. has entered into a binding Earn-In Agreement with Australian Mines Limited, allowing AUZ to acquire up to an 80% interest in the Boa Vista Project in Brazil for up to $7 million in cash and equity payments, while GoldMining retains a 20% interest if the option is fully exercised [1][2][5]. Group 1: Earn-In Agreement Details - AUZ can earn a 51% interest in the Boa Vista Project within three years by meeting specific conditions [3]. - A further 19% interest can be earned, bringing AUZ's total to 70%, within three years after completing the first option [3]. - AUZ has an additional option to earn a further 10% interest (totaling 80%) within 90 days after the second option is completed [3][4]. Group 2: Financial Considerations - The initial consideration includes a non-refundable cash payment of $55,000 and the issuance of AUZ Shares valued at AUD$1 million (approximately $884,000) [4]. - AUZ must incur minimum exploration expenditures of AUD$4.5 million (approximately $3,978,000), including completing at least 6,000 meters of diamond core drilling and making three annual cash payments of $250,000 [4]. - A JORC-compliant mineral resource estimate of at least 500,000 gold ounces must be announced, with at least 250,000 ounces in the measured and indicated categories [4]. Group 3: Project Overview - The Boa Vista Project is located in the Tapajós Gold District, covering approximately 9,201 hectares (92 km²) [6]. - GoldMining currently holds an 84.05% interest in the project, with Majestic D&M Holdings, LLC owning the remaining 15.95% [6]. - The project area is characterized by granites, granodiorites, and mafic volcanics, with mineralization considered to be mesothermal in nature [7][8]. Group 4: Company Background - GoldMining Inc. is focused on acquiring and developing gold assets in the Americas, controlling a diversified portfolio of resource-stage gold and gold-copper projects across several countries [10]. - The company also holds shares in Gold Royalty Corp., U.S. GoldMining Inc., and NevGold Corp., enhancing its investment portfolio [10].
GoldHaven Resources Provides Auger Drill Program Update at Copeçal Gold Project in Mato Grosso, Brazil
Globenewswire· 2025-06-26 13:00
VANCOUVER, British Columbia, June 26, 2025 (GLOBE NEWSWIRE) -- GoldHaven Resources Corp. (“GoldHaven” or the “Company”) (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS) is pleased to provide an update on its systematic auger drill program over the east and west anomalies initiated on June 9th, 2025. The Company’s geological team has successfully drilled past the half-way mark and the first round of assays have been shipped to ALS Global Laboratory, with sample preparation being completed in Cuiaba, and sample analysis ...