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Canterra Minerals Announces $2.0 Million Private Placement Led by Strategic Investor Michael Gentile and Other Strategic Investors to Fund Gold Exploration in Newfoundland
Globenewswire· 2025-10-07 21:22
Core Viewpoint - Canterra Minerals Corporation announces a non-brokered private placement of C$2 million to support gold exploration efforts in Newfoundland, particularly at the Wilding gold project adjacent to Equinox Gold's Valentine Gold Mine, which has shown promising high-grade gold samples [1][2][3] Group 1: Private Placement Details - The private placement will involve the issuance of 16.6 million units at a price of C$0.12 per unit, resulting in gross proceeds of C$2 million [3] - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of an additional share at C$0.20 for 12 months [3] - The closing of the private placement is scheduled for around October 30, 2025, subject to necessary approvals [5] Group 2: Use of Proceeds - Proceeds from the private placement will be allocated to the exploration of the Wilding Lake Gold Project and for general working capital purposes [4] - The company aims to mobilize a drill rig promptly to follow up on high-grade gold results from the Wilding Gold Project [3] Group 3: Company Overview - Canterra Minerals is focused on critical minerals and gold exploration in central Newfoundland, with projects located near historically significant mining sites [7] - The company's gold projects are strategically positioned along a structural corridor that hosts mineralization within Equinox Gold's mine project [7]
Andina Copper Commences Exploration at Cobrasco
Thenewswire· 2025-10-07 12:30
Core Viewpoint - Andina Copper Corporation has initiated field exploration at the Cobrasco porphyry copper-molybdenum project in Chocó, Colombia, which is part of the underexplored Chocó Copper Belt, indicating significant potential for copper and molybdenum mineralization [1][19]. Project Overview - The Cobrasco project spans 3,000 hectares (30 km²) and is characterized by strong geochemical anomalies in rock, stream sediment, and soil assays for copper and molybdenum, alongside geophysical signatures indicative of large porphyry systems [1][19]. - Historical drilling at Cobrasco Central has revealed significant mineralization, with drillholes reporting intervals such as 808 m at 0.42% Cu and 79 ppm Mo, and 754 m at 0.46% Cu and 76 ppm Mo [2][19]. Exploration Activities - Current exploration includes reconnaissance mapping and rock chip sampling at Cobrasco East, North, South, and the Southern Block, with a focus on identifying high-grade copper values [13][14][19]. - The exploration team has reported high-grade copper values up to 5.38% Cu from rock float samples at Cobrasco East, indicating the need for further investigation [13][19]. Mineralization Characteristics - The mineralization at Cobrasco Central is primarily bornite with low levels of penalty elements like arsenic, suggesting the potential for producing high-grade copper concentrate [2][19]. - The geochemical distribution and alteration patterns observed are typical of a porphyry mineral system, with mineralization remaining open to the north and south [2][11][19]. Future Plans - The company plans to advance the regional prospects to a drill-ready stage, with ongoing exploration activities aimed at defining the size and grade potential of the Cobrasco Central discovery [4][19]. - Preparations are underway for the 2025/26 field season at the Piuquenes porphyry copper-gold project in Argentina, indicating a strategic focus on multiple high-quality copper and copper-gold discoveries [21][19].
IDEX Metals Intersects 101m of 1.02% Cu, 160m of 0.77% Cu and 251m of 0.54% Cu within 421m of 0.37% Cu from Surface, Including 1.96 g/t Ag, 192 ppm Mo, and 419 ppm W, at the Freeze Project, Idaho, USA
Thenewswire· 2025-10-07 12:00
Vancouver, B.C. – October 7th, 2025 – TheNewswire - IDEX Metals Corp. (“IDEX” or the “Company”) (TSXV: IDEX; OTCQB: IDXMF) is pleased to announce that drillhole KSMT25002, recently completed by IDEX on the Freeze property (“Freeze” or the “Property”), intersected 101.0 m of 1.02% Cu, within wider zones of 160.1 m of 0.77% Cu and 420.8 m of 0.37% Cu (from surface). KSMT25002 was designed to test the Kismet Tourmaline Breccia target (“Kismet”) as part of the Company’s Phase I drill program, and followed up o ...
Clarity Metals Receives Permits for Drilling at Fecteau Gold Project
Newsfile· 2025-10-07 12:00
Clarity Metals Receives Permits for Drilling at Fecteau Gold ProjectOctober 07, 2025 8:00 AM EDT | Source: Clarity Metals Corp.Vancouver, British Columbia--(Newsfile Corp. - October 7, 2025) - Clarity Metals Corp. (CSE: CMET) (OTC Pink: CLGCF) (FSE: 27G0) ("Clarity" or the "Company") is pleased to announce that it has received all permits required to conduct drilling on its 100%-owned Fecteau Gold Project (the "Fecteau Property" or the "Property") located in Quebec's Abitibi region.The Company ...
Corcel Exploration Reports Historical Drill Results Ahead of Planned Phase I Drill Program
Newsfile· 2025-10-07 12:00
Core Insights - Corcel Exploration Inc. has reported historical drilling results from the Yuma King mine, indicating significant copper-gold skarn mineralization and setting the stage for a planned Phase I drill program [1][2][4]. Historical Production and Drilling Results - The Yuma King mine produced over 7,917 tonnes of material from 1940 to 1963, yielding 461,686 lbs of copper at an average grade of 2.65%, along with lead, gold, and silver [1]. - Recent historical exploration included two drilling campaigns in 2006 and 2011, totaling over 3,900 meters drilled across 21 holes, with significant mineralization encountered [2][4]. Mineralization Details - Drilling results revealed oxidized copper skarn mineralization with thicknesses ranging from 9.14m to 36.6m, copper values between 0.2% and 4.8%, and gold values from 0.06 to 4.5 g/t [2][4]. - Highlighted intervals from the drilling include: - 45.4 meters of 0.78% Cu, 0.53 g/t Au, and 6.3 g/t Ag from hole YK01-A - 36.9 meters of 0.62% Cu, 0.53 g/t Au, and 3.8 g/t Ag from hole YK01-B - 24.4 meters of 0.74% Cu, 0.48 g/t Au, and 4.4 g/t Ag from hole YK01-C [6]. Future Exploration Plans - The upcoming drill program aims to confirm and extend the known copper and gold mineralization, with a potential strike length of 1.6 km [8][12]. - Additional geophysical surveys, including Induced Polarization (IP), and hyperspectral imaging will be conducted to refine geological understanding and identify strong drill targets [15]. Company Overview - Corcel Exploration is focused on acquiring and exploring mineral resources in North America, with a long-term lease for the Yuma King Copper-Gold project covering 3,200 hectares [19].
Brixton Metals Drills 38.50m of 4.07 g/t Gold Including 1.85m of 39.61 g/t Gold at the Trapper Gold Target
Globenewswire· 2025-10-07 11:30
VANCOUVER, British Columbia, Oct. 07, 2025 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) (the “Company” or “Brixton”) is pleased to announce additional drill results from the Trapper Gold Target from the 2025 season. A total of 6272m was drilled at the Trapper Target from 30 holes this season. Assays are pending for the remaining 17 holes. The zone remains open for expansion. Highlights Hole THN25-344 returned 38.50m of 4.07 g/t gold from 191.00m depth Including 1.85m of 39.61 g ...
Midland Resumes Work on Its Jouvex Gold Project Northwest of Douay Gold Deposit in Abitibi
Globenewswire· 2025-10-07 11:30
Core Insights - Midland Exploration Inc. has initiated an induced polarization (IP) survey on its Jouvex gold property, located approximately 10 kilometers northwest of the Douay deposit [2] - The Jouvex property is now the main area of interest for upcoming exploration work, particularly in the southern part where new geological features have been identified [4] - A diamond drilling campaign is planned for winter 2026, targeting potential gold-bearing syenite similar to the Douay deposit [5] Exploration Activities - Fieldwork on the Jouvex property resumed in 2024-2025, including two drone-supported magnetic surveys in the southern part of the property [3] - The upcoming IP survey will cover a total of 30 line kilometers and is expected to refine drilling targets based on previous work and recent surveys [3] - Historical drilling data has led to a reassessment of the geology, indicating potential for VMS mineralization in the southern area [4] Future Plans - Midland plans to conduct a diamond drilling campaign totaling at least 1,500 meters in the winter of 2026, focusing on the IP grid established in fall 2025 [5] - Permit applications for the drilling campaign have been submitted and are currently being processed [5] Company Overview - Midland targets the mineral potential of Quebec, aiming to discover new world-class deposits of gold and critical metals [7] - The company collaborates with reputable partners in the mining industry to enhance its exploration efforts and shareholder value [7]
Thesis Gold extends mineralisation at Bingo zone in Lawyers-Ranch project
Yahoo Finance· 2025-10-07 09:29
Canadian resource development company Thesis Gold has announced initial drill results from the 2025 exploration season and the completion of an 86 line-kilometre (km) induced polarization (IP) geophysical survey at its Lawyers-Ranch Project in the Toodoggone mining district of northern British Columbia. During this exploration season, the company’s focus was on follow-up resource expansion at the Bingo zone, and deepening its understanding of new and previously untested targets via further geophysical s ...
Operational update
Globenewswire· 2025-10-07 06:00
Core Viewpoint - Amaroq Ltd. reports significant operational improvements at its Nalunaq gold mine, with production exceeding expectations and a successful 2025 exploration program underway [2][3]. Operations Update - The commissioning of the processing plant and ramp-up of mining operations at Nalunaq have shown steady improvements through Q3 2025 [5]. - Gold production as of October 7, 2025, has reached approximately 5,000 ounces, aligning with the company's revised full-year 2025 production guidance [5]. - A planned shutdown for commissioning activities is expected to start in the third week of October 2025, lasting about four weeks, after which the gravity circuit will be fully automated [5]. - The company aims to achieve a nameplate throughput of 300 tons per day by the end of 2025 [5]. Exploration Program - The 2025 exploration program has been completed, identifying resource upside with assay results pending [4]. - Surface drilling at the South Deep Zone has been completed, providing growth potential for the next Mineral Resource Update scheduled for Q1 2026 [5]. - Underground drilling between the 725 and 790 levels has been completed, with continuous definition drilling planned from the 800 level upwards [5]. - A 4,804-meter drilling program at Nanoq was completed on schedule, with initial assay results expected in Q4 2025 [5]. Strategic Initiatives - Satellite gold exploration around Nalunaq, along with copper and critical metals programs, has been completed, with assays pending [5]. - Strategic site visits to the Black Angel and Kangerluarsuk projects have been conducted to assess logistics and development pathways [5].
Bold Ventures Discovers New Style of Mineralization on Its Wilcorp Property
Newsfile· 2025-10-06 12:00
Core Insights - Bold Ventures Inc. has discovered a new style of mineralization on its Wilcorp Property in Ontario, featuring significant Au-Ag-Cu mineralization from sulphide-quartz stringers in highly carbonatized rock [1][6] - A grab sample returned notable results of 4.3 g/t Au, 277 g/t Ag (8.9 oz/t), and 1.8% Cu, along with 0.16% Zn [1][4] - The discovery follows up on previous sampling efforts, with a 2024 sample returning 333 ppb Au, 13.8 g/t Ag, and other trace elements [2] Geological Context - The mineralization is located on the north side of an ENE-trending lineament, which is subparallel to the Quetico Fault Zone (QFZ) [3][6] - A 2012 Induced Polarization survey identified strong chargeability anomalies within the lineament over a distance of approximately 1.5 km [6] - The closest mafic to ultramafic intrusions, which host Fe, Cu, and Co mineralization, are located about 300 meters south of the Wilcorp Property [7] Project Overview - The Wilcorp Project consists of 18 staked claims and 4 patented claims covering 264 hectares, previously known for orogenic gold mineralization [8] - Historical sampling in the vicinity of the Eagle Prospect returned 16 g/t Au [8] - Ongoing activities at the Burchell Project include washing and channel sampling, with initial samples submitted for analysis [10] Quality Assurance - Rock samples were collected and analyzed following strict QAQC protocols, with samples sent to an ISO-accredited laboratory for testing [11]