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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 ...
Churchill Resources Announces Fully Subscribed $700,000 Private Placement and Strategic Leadership Changes to Bolster Growth and Operational Execution
Globenewswire· 2025-06-26 11:00
Core Viewpoint - Churchill Resources Inc. is undertaking a non-brokered private placement to raise up to $700,000 and is implementing a strategic leadership transition to enhance its capital markets presence and operational execution as it advances its projects in Newfoundland and Labrador [1][2]. Private Placement Financing - The private placement will consist of up to 14,000,000 common shares priced at $0.05 per share, with proceeds aimed at advancing exploration activities and general corporate purposes [2]. - The expected closing date for the private placement is around July 9, 2025, pending approval from the TSX Venture Exchange [2]. Strategic Leadership Changes - The leadership transition aims to strengthen the company's strategic and operational capabilities while maximizing continuity benefits [3]. - Conan McIntyre will focus on corporate strategy, capital markets activities, and business development, while Paul Sobie will concentrate on advancing exploration programs [4]. Exploration Focus - Paul Sobie expressed enthusiasm for dedicating full attention to exploration activities at key sites including Black Raven, Taylor Brook, and Florence Lake, aiming to accelerate field programs and maximize asset value [6]. - The Black Raven property is highlighted as a significant exploration opportunity with a polymetallic metal assemblage and historical production evidence, which has not been drilled using modern techniques [7]. Management Experience - The management team and board of Churchill Resources Inc. possess extensive experience in mineral exploration and establishing successful publicly listed mining companies, both in Canada and globally [7].
Latin Metals Amends Agreement for 100% Ownership of Drill-Ready Cerro Bayo Silver-Gold Project, Santa Cruz Province, Argentina
Globenewswire· 2025-06-25 12:30
VANCOUVER, British Columbia, June 25, 2025 (GLOBE NEWSWIRE) -- Latin Metals Inc. ("Latin Metals" or the "Company") - (TSXV: LMS) (OTCQB: LMSQF) is pleased to announce that it has entered into an amending agreement (the "Amended Agreement") to complete acquisition of 100% of the Cerro Bayo and La Flora Properties ("Cerro Bayo"), located in Santa Cruz Province, Argentina. This follows the receipt of drill permits earlier this year, positioning Cerro Bayo as a fully permitted, drill-ready silver-gold explorati ...
Dixie Gold Inc.: 6,000m+ Drill Program Commences at the Preston Uranium Project JV; Updates Other Portfolio Projects
Thenewswire· 2025-06-25 12:00
Core Viewpoint - Dixie Gold Inc. has commenced a summer 2025 drill program at the Preston Uranium Project JV, with a budget of approximately C$3,500,000, targeting multiple high-priority uranium sites [1][5][3] Group 1: Project Update - The drill program at the Preston Uranium Project JV is being managed by Orano Canada Inc. and is expected to cover 6,000m to 7,000m [1] - Dixie Gold holds a 21% interest in the Preston Uranium Project JV, which is anticipated to decline after the drill program [3] - The project area spans approximately 49,635 hectares, adjacent to NexGen Energy Ltd.'s Rook-1 project [1] Group 2: Financial Considerations - The planned all-in budget for the drill program is approximately C$3,500,000 [1] - The company aims to manage project-level dilution rather than company-level equity dilution to maintain shareholder value [3][9] - Future funding requirements are expected to exceed the company's current working capital, necessitating a reassessment of its interests in the Preston Uranium Project JV [5][9] Group 3: Exploration Strategy - Dixie Gold is focused on maintaining a portfolio of exploration interests that provide opportunities for shareholders [7] - The company is monitoring other regional activities, including results from Ramp Metals Inc. and Kinross Gold Corporation, which may influence future project decisions [10][14] - The management emphasizes a balanced approach to exploration and equity dilution, considering the high-risk nature of early-stage mineral exploration [20]
Q2 Metals Intercepts 151 Metres of Continuous Spodumene Pegmatite at the Cisco Lithium Project in Quebec, Canada and Announces Option Payments on Cisco Project Properties
Globenewswire· 2025-06-24 11:30
Core Viewpoint - Q2 Metals Corp. has commenced drilling at the Cisco Lithium Project in Quebec, aiming to enhance the understanding of the mineralized zone and build towards a mineral resource estimate [2][3][5]. Drilling Program - The 2025 Summer Program focuses on infill drilling along a 1.5 km mineralized strike length, with the first hole (CS-25-036) exceeding expectations by extending the known mineralized zone [3][5][6]. - Hole CS-25-036 was completed to a depth of 582.11 m, intersecting three additional spodumene pegmatite intervals, with the widest being 151.0 m [4][6]. Geological and Sampling Activities - A detailed mapping and sampling campaign covering the 41,253-hectare Cisco Project is ongoing, with 390 rock samples collected and results expected soon [15]. - Initial metallurgical testing is underway on composite samples from previous drill holes, exploring various separation methods to evaluate the mineralized zone's beneficiation [17]. Option Agreements - The company has successfully exercised option agreements for the Broadback and Ouagama claim groups, acquiring 100% interests in these areas [19][20]. - The Cisco claim group option agreement involves a total payment of $2,000,000 and the issuance of 40,000,000 common shares, with the first anniversary payment of $500,000 made [21]. Upcoming Events - Q2 Metals will attend the Fastmarkets 17 Lithium Supply and Battery Raw Materials Conference in Las Vegas from June 23-26, 2025 [23]. Company Overview - Q2 Metals is focused on the Cisco Lithium Project, which consists of 801 claims and has district-scale potential with an identified mineralized zone [27][28].
Rocky Shore Initiates Summer Program at Gold Anchor Project, Newfoundland
Globenewswire· 2025-06-24 11:00
TORONTO, June 24, 2025 (GLOBE NEWSWIRE) -- Rocky Shore Gold Ltd. (the “Company”) (CSE: RSG) is pleased to announce that a fully permitted summer exploration program has begun at its 100% owned Gold Anchor Project in central Newfoundland, Canada. The program will focus on its recently discovered 6,000-metre-long Lane Pond Gold Target, which is strategically located along the prolific, gold-bearing Appleton Fault. The Appleton Fault is a major gold-bearing fault zone trending for greater than 150 kilometres i ...
Mundoro Commences the 2025 Summer Drill Program at Borsko with BHP
Newsfile· 2025-06-23 12:21
Mundoro Commences the 2025 Summer Drill Program at Borsko with BHPJune 23, 2025 8:21 AM EDT | Source: Mundoro Capital Inc.Vancouver, British Columbia--(Newsfile Corp. - June 23, 2025) - Mundoro Capital Inc. (TSXV: MUN) (OTCQB: MUNMF) (www.mundoro.com) ("Mundoro" or the "Company") is pleased to announce the commencement of its summer drill program at the Borsko Project, part of the BHP-Mundoro option earn-in agreement in the Central Timok Magmatic Complex ("TMC") in Serbia.The Borsko Project, c ...
Ridgeline Minerals Commences Drill Program at the Selena CRD Project, Nevada
Newsfile· 2025-06-23 12:00
Ridgeline Minerals Commences Drill Program at the Selena CRD Project, Nevada June 23, 2025 8:00 AM EDT | Source: Ridgeline Minerals Corp. Vancouver, British Columbia--(Newsfile Corp. - June 23, 2025) - Ridgeline Minerals Corp. (TSXV: RDG) (OTCQB: RDGMF) (FSE: 0GC0) ("Ridgeline" or the "Company") is pleased to announce the commencement of its 2025 drill program at the Selena Carbonate Replacement ("CRD") project ("Selena" or "Project") (Figure 1). The Project is currently being operated by Ridgeline under Ph ...
Morocco Strategic Minerals Launches Maiden Drill Program on Timarighine Property
Globenewswire· 2025-06-20 12:00
MONTRÉAL, June 20, 2025 (GLOBE NEWSWIRE) -- Morocco Strategic Minerals Corporation. (TSXV: MCC) ("Morocco Strategic Minerals" or the "Corporation") is pleased to announce the commencement of its maiden drilling program on the Timarighine property, located in the eastern Anti-Atlas region of Morocco. This follows a successful initial exploration phase which confirmed the presence of high-grade copper mineralization and a robust structural framework with potential for scale. Phase 1 Highlights The initial pha ...