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Pacifica Silver Identifies New Extensions to Mineralized Veins at Claudia Silver-Gold Project; Provides Phase I Drill Program Update
Newsfile· 2025-10-09 12:00
Core Insights - Pacifica Silver Corp. has identified new high-priority drill targets at its Claudia Silver-Gold Project in Durango, Mexico, based on assay results showing up to 23.6 g/t Au and 480 g/t Ag from 325 surface rock chip samples collected in 2022 [1][2] - The Phase I drill program commenced on September 22, 2025, with plans to apply for permits to drill the new targets in Q1 2026 [1][2] Exploration Results - Recent assay results confirm that high-grade gold and silver mineralization is more extensive than previously recognized, with mineralization present at surface for at least 1.5 kilometers between historical workings [2] - The highest single sample assay result was 22.7 g/t Au and 480 g/t Ag, indicating potential mineralization extending further south towards the Mina de Oro vein system [2] - A total of 322 surface rock-chip and three mine dump samples were collected in 2022, with approximately 85% from vein outcrops south and east of the Tres Reyes workings [4] Sample Highlights - The top 13 samples (4%) assayed ≥100 g/t Ag, with a maximum of 480 g/t Ag and an average of 257 g/t Ag and 3.59 g/t Au [11] - Across all 325 samples, the average grade was 20 g/t Ag and 0.43 g/t Au [11] Drilling Program Update - The Phase I drilling program is designed to delineate and expand known mineralization, with 647 meters completed across the first three holes as of October 8, 2025 [13][14] - The company plans to add a third drill rig in November 2025 to test the permitted northern zone of the Veta Justina area [14] Project Overview - The Claudia Silver-Gold Project spans 11,876 hectares and encompasses most of the historic El Papantón Mining District, where at least nine small mines operated throughout the 20th century [21] - Only 10% of over 30 kilometers of known veins have been drilled, indicating significant potential for new high-grade discoveries [21]
South Atlantic Gold Acquires Additional 4.2k hectares of UAV Magnetic Survey Data and Appoints Mr. Matt Rees, P.Geo.
Thenewswire· 2025-10-09 12:00
Core Insights - South Atlantic Gold Inc. has announced the acquisition of an additional 4,200 hectares of UAV magnetic survey data, bringing the total to 6,800 hectares at the Pedra Branca Project in Brazil [1][2] - The company has appointed Mr. Matt Rees as Technical Advisor, who brings over 40 years of international exploration experience [3] UAV Magnetic Survey Review - The company is conducting a detailed review of the UAV magnetic survey data to delineate priority drill targets and design the next exploration program at Pedra Branca [2] - The geophysics team is reprocessing the entire 6,800 hectares of UAV magnetic survey data using low-latitude algorithms, enhancing structural interpretation and highlighting features of interest [4] - The reprocessed data will be integrated into the Leapfrog™ 3D geological model for refined drill targeting and evaluation of mineralized continuity at depth [4] Appointment of Technical Advisor - Mr. Matt Rees holds a M.Sc. in Geology and has extensive experience, including leadership roles at IAMGOLD Corporation [3] - His expertise is expected to be invaluable in advancing the Pedra Branca project [2][3] Next Steps - The company plans to complete magnetic reprocessing and quality assurance/quality control (QA/QC) [5] - Integration of results into Leapfrog™ for updated 3D targeting is underway [5] - Field validation will include mapping, soil, and stream-sediment sampling, along with a review of historical drill core for additional sampling opportunities [5]
Mogotes Metals: Vicuna: Drilling at Filo Sur Project to Commence
Newsfile· 2025-10-09 11:30
Toronto, Ontario--(Newsfile Corp. - October 9, 2025) - Mogotes Metals Inc. (TSXV: MOG) (FSE: OY4) (OTCQB: MOGMF) ("Mogotes", or the "Company") is pleased to announce that drilling of key priority targets will commence in the coming weeks on the Company's Filo Sur project. The project and targets are located on trend to the south of the large BHP/Lundin Filo Del Sol (FDS) resource1 and the Company intends to drill from the selection of high priority targets for Porphyry Copper (PCD) and High Sulfidation Epi ...
Azimut Confirms Extensive High-Grade Lithium Surface Discovery on Wabamisk East Property, James Bay Region, Quebec
Globenewswire· 2025-10-09 10:30
Core Insights - Azimut Exploration Inc. has reported positive results from a systematic field program on its Wabamisk East Property, revealing a large-scale system of spodumene pegmatites with significant lithium potential [1][7]. Group 1: Project Overview - The Wabamisk East Property consists of 205 claims covering 108.5 km and is wholly owned by Azimut, which has optioned it to Rio Tinto for lithium exploration [8]. - Under a revised option agreement, Rio Tinto can earn up to a 70% interest by spending $85 million, with Azimut acting as the operator during the initial phase [2][11]. Group 2: Geological Findings - The pegmatite bodies at Lithos-North and Lithos-South exhibit variable thicknesses, with the former showing thicknesses from 10 to over 50 meters and the latter from 10 to 15 meters [5][6]. - A total of 86 distinct spodumene-bearing outcrops have been identified, with 63 of 109 grab samples collected in 2025 returning grades higher than 0.5% Li2O, including 29 samples exceeding 2.0% Li2O, with a maximum grade of 6.93% Li2O [7]. Group 3: Future Plans - Azimut plans to propose an aggressive drilling program to Rio Tinto for early 2026 as the project progresses towards the drilling stage [2]. - The ongoing mechanical stripping is expected to expand the known footprint of the pegmatitic bodies and confirm continuous mineralization over a significant area [7].
Southern Cross Gold Consolidated (OTCPK:MWSN.D) 2025 Conference Transcript
2025-10-09 09:12
Summary of Southern Cross Gold Consolidated Conference Call Company Overview - **Company**: Southern Cross Gold Consolidated Ltd - **Focus**: Canadian mineral exploration company with a flagship project, Sunday Creek, located near Melbourne, Australia [1][2] Key Points and Arguments - **High-Grade Discovery**: Sunday Creek is identified as a rare, high-grade, multimillion-ounce gold discovery, with significant metrics supporting its potential [2][3] - **Drilling Success**: The company has achieved 70 drill holes with 98 kilometers of drilling, indicating a high frequency of successful hits, which is considered exceptional in the industry [3][4] - **Funding and Resources**: Southern Cross is fully funded with $150 million Australian in the bank, allowing for an extensive 200-kilometer drilling program [3][4] - **Operational Expansion**: Plans to increase drilling rigs from nine to 22 by mid-next year, enhancing exploration capabilities [4][5] - **Historical Context**: Victoria has a rich history of gold mining, producing a third of the gold during the 1800s gold rush, and is currently experiencing a resurgence in gold production [4][5] - **Comparison with Fosterville**: The neighboring Fosterville mine, operated by Agnico Eagle, has been one of the highest-grade gold mines globally, reinforcing the potential of the Sunday Creek project [5][6] - **Permitting Environment**: Victoria is noted for its favorable permitting environment, having approved four mines in the last six months, making it a conducive location for mining operations [5][6] - **Shareholder Base**: The company boasts a strong shareholder base, including prominent investors who own 30% of the stock, which supports strategic decision-making focused on enhancing share price [6][7] - **Exploration Potential**: The exploration target is estimated at 2.2 to 3.2 million ounces at grades of 8.3 to 10.6 grams gold equivalent, with antimony contributing 20% to the mix [10][11] - **Antimony's Importance**: Antimony is highlighted as a critical mineral used in various industries, including munitions and semiconductors, with a significant supply chain opportunity due to recent export bans from China [16][18] Additional Important Insights - **Geological Understanding**: The company has gained new geological insights that have led to a better understanding of the deposit, allowing for deeper drilling and exploration under previously unexamined areas [12][19] - **Future Milestones**: Upcoming milestones include the permitting of the decline and continued drilling, which is expected to yield consistent news flow and potentially increase the resource estimates [28][29] - **Cost of Capital**: The company is exploring options to lower its cost of capital through potential government support for antimony, which could facilitate financing for the project [32] This summary encapsulates the critical aspects of Southern Cross Gold Consolidated's conference call, highlighting the company's strategic position, exploration potential, and the significance of its discoveries in the context of the gold mining industry.
Goldstorm Metals Completes Geophysical & Rock Geochemical Surveys on the Crown Property and Provides Drilling Update on the Electrum Property, located in the Golden Triangle of British Columbia
Newsfile· 2025-10-09 09:00
Core Insights - Goldstorm Metals Corp. has provided an update on its exploration activities for 2025 at its Crown and Electrum Properties, which cover over 16,000 hectares in British Columbia's Golden Triangle [1][16] - The company has successfully completed geophysical surveys and an extensive rock geochemical program at the Crown Property, yielding promising preliminary results [2][4][5] - Drilling at the Electrum Property is on schedule, with four drill holes completed and two more planned before the end of the exploration season [3][6] Exploration Activities - At the Crown Property, Induced Polarization (IP) and Magnetotelluric (MT) surveys were conducted, focusing on the Copernicus Zone and geochemical anomalies along the Orion Spine [2] - The geological team collected 657 samples during the rock geochemical program, which included random and select grabs, chip, and channel samples [2] - Preliminary results from the geochemical program indicate significant mineralization potential, particularly in gold, copper, and silver [5] Drilling Progress - The drilling program at the Electrum Property is proceeding as planned, with updates expected after the exploration season concludes [3][6] - The completion of four drill holes has been reported, with two additional holes remaining [3] Geophysical Survey Results - The IP survey revealed a large conductivity-resistivity anomaly beneath the Orion Spine, extending over 1.2 kilometers north-south and over a kilometer east-west, located between 300 and 500 meters in depth [4] - Numerous gold, copper, and silver showings have been identified within the IP anomaly, suggesting a potential larger mineralization source at depth [5] Company Overview - Goldstorm Metals Corp. is focused on precious and base metals exploration, with significant land holdings in the Golden Triangle, an area known for high-grade gold deposits [16] - The Crown and Electrum projects are strategically located near major mining operations, enhancing their exploration potential [16]
Tocvan Announces Discovery of New Target with Historic Underground Workings in North Alteration Zone at Gran Pilar Gold-Silver Project
Accessnewswire· 2025-10-09 06:05
Core Insights - Tocvan Ventures Corp. has discovered a new mineralized zone at its Gran Pilar Gold-Silver Project in Sonora, Mexico, which includes historic underground workings [1] - This discovery expands the known mineralized footprint and indicates significant potential for high-grade gold and silver resources [1] Company Overview - Tocvan Ventures Corp. is focused on exploration and near-term production of gold and silver projects [1] - The company is listed on the Canadian Securities Exchange (CSE:TOC), OTCQB (OTCQB:TCVNF), and WKN (WKN:TV3/A2PE64) [1] Project Details - The discovery is located within the expansive North Alteration Zone of the Gran Pilar project [1] - The finding emphasizes the potential for increased resource estimates in the area [1]
Benton Continues to Deliver High-Grade Gold Results at Great Burnt, Including 31.35 g/t from New Surface Sampling
Newsfile· 2025-10-08 11:30
Core Insights - Benton Resources Inc. has reported high-grade gold results from surface sampling at the Great Burnt project, with assays reaching up to 31.35 g/t [1][2] - The new mineralization may extend the previously identified NGB Target, with significant drilling results indicating gold and copper intersections [1][3] - The company is planning immediate follow-up work, including further prospecting, soil sampling, and trenching in the area [2][3] Exploration and Drilling - The newly identified zone is characterized as a silicified mafic volcanic with mineralization including breccia and fractured-filled pyrrhotite and chalcopyrite [2] - Drilling continues in the South Pond Area, aiming to connect over 2.7 km of gold mineralization that remains open to the north and south [3] - The company is actively identifying new high-priority drill targets and plans to test several of these in the current drilling campaign [3] Financial Activities - Benton Resources has limited its current financing to a maximum of $2.0 million and is closing a private placement financing for gross proceeds of approximately $1.98 million [5][7] - The financing will involve issuing 2,627,272 Units, each consisting of one common share and one common share purchase warrant, with proceeds aimed at advancing its Newfoundland projects and general working capital [5][7] Project Overview - The Great Burnt Project has a mineral resource estimate of 667,000 tonnes at 3.21% Cu indicated and 482,000 tonnes at 2.35% Cu inferred, with significant potential for further discoveries [15] - Historical drilling results have shown impressive intersections, including 25.42 m of 5.51% Cu and 74.20 m of 1.43 g/t Au, indicating a robust mineralized system [15]
Delta Resources Completes Regional Till Survey, Commences Environmental Baseline Program and Advances Phase II Drilling at Delta-1 in Thunder Bay, Ontario
Newsfile· 2025-10-08 11:00
Core Viewpoint - Delta Resources Limited is advancing its exploration activities at the Delta-1 Gold Property, including a regional till survey, an environmental baseline program, and a Phase II drilling program aimed at expanding the Eureka Gold Deposit and identifying new targets for future drilling [2][3][5]. Group 1: Regional Till Survey - The third phase of the regional till sampling program has been completed, expanding geochemical coverage across the western portion of the Delta-1 property, particularly in the I-Zone sector, which has shown high-grade gold intercepts [3]. - Historical drill intercepts in the I-Zone include 4.32 g/t Au over 41.0 metres, 4.53 g/t Au over 14.4 metres, and 4.36 g/t Au over 20.4 metres, with a mini bulk sample returning an average grade of 9.9 g/t Au [3]. Group 2: Environmental Baseline Program - Delta has initiated an environmental baseline program led by CSL Environmental & Geotechnical Ltd, which will run through 2025-2026 and will be expanded in subsequent years [4][6]. - The program includes hydrology station installations, surface water quality monitoring, species at risk surveys, and a Stage 1 archaeological assessment [6]. Group 3: Phase II Drilling Program - The Phase II drilling program commenced on September 17, 2025, with a minimum of 13 drill holes totaling over 3,100 metres planned to expand the Eureka Gold Deposit and test satellite targets [5][7]. - Current targets include the Shabaqua Zone, located 1.3 kilometres west of Eureka, and the Eureka-South and Eureka-West extensions [5][13]. Group 4: Project Potential - The Delta-1 property covers 297 square kilometres, with many prospective targets yet to be explored, indicating significant growth potential for the company [8][10]. - The Eureka Gold Deposit has shown promising drill intercepts, including 5.92 g/t Au over 31 metres and 1.79 g/t Au over 128.5 metres, with mineralization observed up to 600 metres in depth [10].
LAURION Reports 32.47 g/t Gold Over 1.90 m, including 67.8 g/t Gold Over 0.90 m in Channel Sample at Twin Falls, Ishkoday Project
Thenewswire· 2025-10-08 11:00
Toronto, Ontario – October 8, 2025 – TheNewswire - LAURION Mineral Exploration Inc. (TSX.V: LME | OTC: LMEFF) (“LAURION” or the “Corporation”) is pleased to report results from its recent channel sampling program from the Cyril Knight Showing, situated at Twin Falls northwest of the historic Sturgeon River Mine within the Ishkōday Project. The Twin Falls property is contiguous to and lies immediately west of the broader Ishkōday Project, which is located approximately 220 kilometres northeast of Thunder Ba ...