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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].
Kincora Advances the Historic Condobolin Mining Field
Newsfile· 2025-10-14 12:45
Core Insights - Kincora Copper Limited has initiated an airborne electro-magnetic (AEM) geophysical survey at the Condobolin project, expanding the project size by 90km² to a total of 297km² [1][15][10] - The AEM survey aims to identify new near-surface targets and refine existing mineralized systems, particularly at the Meritilga target, which has shown promising drilling results [2][21][22] - The company is capitalizing on near-record Australian gold and silver prices to review previous drilling results and explore the potential for alluvial gold [3][26] Project Overview - The Condobolin project is located in the southern end of the Cobar Basin, an area with a rich mining history for high-grade gold, silver, and base metals [4][8] - The project benefits from established infrastructure and has limited effective exploration below the shallow weathering profile, indicating significant potential for new discoveries [5][19] - Kincora's strategy includes a multi-phase exploration campaign that is fully funded, following a C$4 million private placement in July 2025 [10][36] Exploration Strategy - The AEM survey will cover over 800 line-kilometers and is expected to provide insights into subsurface structures across the historic Condobolin Mineral Field [16][17] - The Meritilga target has been identified for a high-impact drilling program to test extensions of existing mineralization, with previous results indicating high-grade intervals [2][21] - The company plans to systematically apply exploration techniques that have previously led to discoveries in the region [5][28] Market Context - Recent corporate activities in the region, including significant discoveries and mergers, highlight the potential for growth in the Cobar Basin [9][14] - The current strong precious metals market environment supports Kincora's exploration efforts and strategic positioning as a leading institutional-grade explorer [6][38] - The review of alluvial gold potential is particularly timely given the increase in gold prices, which have risen from approximately A$1500/ounce to nearly A$6000/ounce [26]
Aventis Energy Announces Appointment of Chris Fozard as Technical Advisor
Globenewswire· 2025-10-14 12:00
Core Viewpoint - Aventis Energy Inc. has appointed Mr. Chris Fozard as a Technical Advisor, bringing over twenty years of exploration experience to the company, which is well-positioned to advance its Sting and Corvo projects amid strong Uranium and Copper markets [1][2][3]. Company Overview - Aventis Energy Inc. is a mineral exploration company focused on developing strategic projects involving battery, base, and precious metals in stable jurisdictions, specifically advancing the Corvo Uranium and Sting Copper projects [4]. Appointment of Technical Advisor - Mr. Chris Fozard has been appointed as a Technical Advisor, with a background in managing diamond drill and exploration projects in various countries, including Canada, China, Liberia, and Chile [2]. - Fozard's expertise includes project management and geological experience, which will support the company's initiatives [2][3]. - The company has granted Mr. Fozard 50,000 options exercisable at $0.39 per common share for a term of two years, subject to a four-month hold period [3]. Project Details - The Corvo Uranium property has historical drill holes indicating uranium mineralization over a strike length of 800 meters, with notable grades such as 0.116% U3O8 over 1.05 meters and high-grade surface samples ranging from 1.19% to 5.98% U3O8 [5]. - The Sting Copper Project spans approximately 12,700 hectares, with recent results showing 54.8 meters at 0.32% Cu, including higher-grade intervals ranging from 0.96% to 5.43% Cu [6].
Sorrento Resources Identifies 2.25km Anomalous Copper in Soil Trend, Lord Baron Project, Newfoundland
Newsfile· 2025-10-14 12:00
Core Insights - Sorrento Resources has identified a significant soil anomaly of copper over a strike length of approximately 2.25 km at the Lord Baron Project in Newfoundland, indicating potential for further exploration and drilling [1][2][4] Summary by Sections Soil Sampling Results - The Little Bay Head Grid revealed several trends of anomalous copper mineralization, with one trend measuring ~2.25 km in length and ~175 m in width [4][6] - A total of 1,005 soil samples were collected, marking the largest soil sampling program ever conducted on the property [6] - Out of the samples, 101 were considered anomalous in copper (>102.6 ppm Cu) with the highest value recorded at 2,140 ppm Cu, and 51 samples were anomalous in gold (>23.8 ppb Au) with the highest value at 223 ppb Au [4][6] Geological Context - The Lord Baron Project is situated on the Springdale peninsula, an area with a rich mining history and access to skilled labor and infrastructure [11][12] - The project consists of 15 mineral licenses covering 6,400 hectares, predominantly underlain by the Lush's Bight Group, known for its base metal sulphide showings [12][13] Exploration Potential - The correlation between soil anomalies, geological structures, and historical geophysical anomalies supports the validity of soil sampling as an exploration method [2][4] - Historical drilling has been oriented away from the identified soil anomalies, suggesting untapped potential in the area [2][4]
Apogee Completes Field Program at the Pine Channel Property
Globenewswire· 2025-10-14 12:00
Core Viewpoint - Apogee Minerals Ltd. has completed a field program at the Pine Channel Property in Saskatchewan, focusing on gold exploration and geological mapping, with an option to acquire an 80% interest in the property [1][12]. Property Overview - The Pine Channel Property consists of 29 mineral dispositions covering 6,519 hectares, located approximately 40 km west of Stony Rapids, Saskatchewan, accessible year-round by aircraft [5]. - The property is primarily exploring structurally controlled vein-quartz gold deposits, with historical mineral occurrences predominantly containing gold [6]. Field Program Details - The 2025 field program concentrated on the Algold Bay Showing area, utilizing high-resolution aeromagnetic data and LiDAR for structural analysis, with 64 rock samples collected [4][11]. - Historical work has documented significant gold grades in various drill holes, including 63.5 g/t Au over 0.6 m and 407.96 g/t Au over 0.5 m [8]. Historical Context - Government mapping in the Pine Channel area dates back to 1913, with the first industry work reported in 1950, and a total of 51 assessment reports have been filed [7]. - Previous operators conducted exploration in the 1980s, with the last significant work occurring in 2013 [9]. Exploration Agreement - In May 2021, Apogee entered into an option agreement with Eagle Plains, allowing it to earn an 80% interest in the Pine Channel Property by completing CAD $3 million in exploration expenditures and issuing shares [12]. - Eagle Royalties Ltd. holds a 2% NSR on most claims, with a buy-back option for Eagle Plains [13]. Future Exploration Potential - The recent fieldwork confirmed the presence of auriferous quartz veins and identified new target areas for future exploration based on geophysical anomalies and mineralized trends [10][11].