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Electrum Discovery Provides Operational Update, Exploration Footprint Expanding
Thenewswire· 2025-12-01 07:00
Core Insights - Electrum Discovery Corp. is advancing exploration activities at its copper-gold Timok East and gold-silver Novo Tlamino projects in Serbia, with significant geophysical surveys and drilling planned for 2026 [1][2][4] Group 1: Timok East Project - The Timok East Project is located within the Western Tethyan Belt, adjacent to world-class porphyry Cu-Au deposits, and has identified multiple geophysical and geochemical anomalous zones [2][4] - A second phase of the Audio-Magnetotelluric (AMT) survey is underway, with 41 measuring stations planned over an area of 5 x 2.5 kilometers, aimed at refining the subsurface resistivity model [3][4] - The exploration footprint of the Timok East project has expanded to 210 square kilometers following the granting of a new exploration license, Rgotna [4][12] Group 2: Novo Tlamino Project - The Novo Tlamino Project hosts the Barje gold-silver deposit, which contains an inferred resource of 7.1 million tonnes grading 2.5 g/t Au and 38 g/t Ag, equating to approximately 670,000 ounces of gold equivalent [13][16] - A ground magnetic survey of approximately 90 line-kilometers has commenced over the Barje deposit to refine geological models and assist in drill targeting [16][18] - An infill drilling program of approximately 3,200 meters is planned to upgrade the resource category, along with an additional 1,000 meters of step-out drilling to test potential extensions of mineralization [18][17]
Leviathan Metals Announces Closing of Amalgamation
Globenewswire· 2025-11-28 12:30
VANCOUVER, British Columbia, Nov. 28, 2025 (GLOBE NEWSWIRE) -- Leviathan Metals Corp. (“Leviathan” or the “Company”) (LVX – TSXV, LVXFF – OTC, 0GP – FSE) is pleased to announce closing of its previously announced transaction (the “Transaction”) with Cura Exploration Botswana Corp. (“Cura”). The Transaction was carried out by way of an amalgamation under the laws of the Province of British Columbia pursuant to the terms of an amalgamation agreement dated September 11, 2025 (as amended on October 31, 2025) be ...
Imperial Provides Huckleberry Exploration Update
Globenewswire· 2025-11-27 23:06
Core Viewpoint - Imperial Metals Corporation has successfully completed its 2025 diamond drilling program at the Huckleberry mine, with all nine drillholes intersecting significant mineralization, including copper, molybdenum, silver, and gold [1][3][6]. Group 1: Drilling Program Results - The 2025 drilling program totaled 1,743 meters and successfully intersected mineralization, with drillhole MZ-25-1 showing an elevated gold interval of 22.6 meters at 0.23 g/t gold [1][3]. - Significant intervals from the drilling include various widths and grades of copper, molybdenum, silver, and gold, with notable results from multiple drillholes [5]. - Most mineralization is found in the volcanic rock surrounding the Main Zone stock, with some molybdenum mineralization extending into the stock itself [6]. Group 2: Historical Context and Future Plans - The Huckleberry mine, which operated from 1997 to 2016, is currently inactive but remains an exploration target for the company [2]. - Historical drilling prior to 2020 did not assay for gold or silver, but these metals were present in the copper concentrate produced, and the 2025 drilling results will be integrated into the mine planning [4]. - Additional drilling is being considered for 2026 to further explore the mineralization potential [6]. Group 3: Whiting Creek Prospect - The Whiting Creek prospect, part of the Huckleberry project, is identified as a significant copper-molybdenum exploration target, with three step-out drill holes totaling 1,870 meters completed in 2025 [11]. - Drillholes at Whiting Creek intersected broad zones of low-grade copper and molybdenum mineralization, indicating the potential for further exploration [12][13].
Lancaster Completes Title Transfer for 100% of the Lake Cargelligo Gold Project
Globenewswire· 2025-11-27 12:00
Core Viewpoint - Lancaster Resources Inc. has completed the title transfer for 100% of the Lake Cargelligo Gold Project, enhancing its exploration portfolio in the Cobar mining district of New South Wales, Australia [1]. Group 1: Project Details - The Lake Cargelligo project spans approximately 62,300 hectares, with Exploration License 9775 covering 28,768 hectares and featuring multiple historical high-grade gold and silver occurrences identified through sampling and drilling [3]. - Lancaster Gold Australia Pty Ltd., a wholly owned subsidiary, now holds the mineral claim title for Exploration License 9775 as of November 17, 2025 [2]. - The company has also submitted an application for an additional 33,400 hectares under ELA6970, pending final state approval [3]. Group 2: Company Overview - Lancaster Resources Inc. is a Canadian exploration company focused on critical mineral and gold projects in established mining jurisdictions, holding a 100% interest in the Lake Cargelligo Gold Project [7]. - The company's portfolio includes other projects in Canada, such as the Lac Iris Polymetallic Project and uranium projects in Saskatchewan [8].
First Diamond Drillhole Confirms Gold-Rich Major Copper Discovery in Coastal Chile
Prnewswire· 2025-11-27 12:00
Core Insights - Hot Chili Limited has reported significant drilling results from its La Verde copper-gold discovery, indicating a promising expansion of its mineral resource base and future operational scale [2][4][10] Drilling Update - The second phase of diamond drilling commenced on September 22, 2025, with six drillholes completed, aiming to extend the initial discovery footprint of +0.2% Cu by 750 m laterally and 400 m in depth [3][4][8] - The standout result from drillhole DKD032 showed 529 m grading 0.41% Cu and 0.21 g/t Au, with notable intervals including 148 m grading 0.60% Cu and 0.30 g/t Au from 70 m depth [5][6] Mineralization Insights - The new drill results confirm the convergence of higher-grade Cu-Au mineralization centers at depth, significantly expanding the vertical and lateral extent of the northeastern higher-grade mineralization center [6][8] - The vertical extent of the mineralization system has been pushed to approximately 600 m deep, with further lateral growth to the east and west [8] Future Implications - The drilling results have implications for the growth of Hot Chili's Costa Fuego Mineral Resource base, potentially adding significant open pit material to the mine schedule and enhancing financial metrics for the March 2025 Pre-feasibility Study [4][10] - Assay results for five remaining diamond drillholes are pending, with expectations for further updates in the coming weeks [9][10]
Canadian Gold Corp. Tartan Mine "Western Flank" Step-Out Drilling Continues to Deliver
Newsfile· 2025-11-27 12:00
Core Viewpoint - Canadian Gold Corp. is advancing its Phase 4 drill program at the Tartan Mine, with promising results indicating potential for a mine restart, particularly in the Main Zone's Western Flank [1][3] Drilling Results - The drilling program has focused on three main areas: the Main Zone's Western Flank, the South Zone, and prospecting near the Tartan Mine [2] - Significant assay results from the Main Zone's Western Flank include 12.3 gpt gold over 14.0 metres, 8.2 gpt gold over 9.9 metres, and 10.7 gpt gold over 4.5 metres [3] - A total of 31 out of 35 holes (89%) have intersected potentially economic mineralization within the Main Zone since the start of the drilling program [4] South Zone Exploration - Drilling in the South Zone aims to expand resource size for higher production potential, with notable results including 5.2 gpt gold over 5.0 metres and 4.4 gpt gold over 4.0 metres [5] - TLSZ25-41 reported a significant intercept of 82.0 metres at 1.3 gpt Au, indicating the presence of higher-grade sections within broader mineralized envelopes [5] Near Mine Target Generation - Drill target generation on the Tartan West property has confirmed multiple areas of high-grade gold mineralization, with grab samples assaying up to 28.9 gpt gold [6] - The Tartan Shear presents significant exploration potential for hosting similar gold mineralization, aligning with future infrastructure investments [7] Company Overview - Canadian Gold Corp. is focused on expanding the high-grade gold resource at the Tartan Mine, which has a 2017 indicated mineral resource estimate of 240,000 oz gold at 6.32 g/t [14] - The company also holds exploration properties in Ontario and Quebec, adjacent to major gold mines and projects [14]
Lancaster Completes Title Transfer for 100% of the Lake Cargelligo Gold Project
Globenewswire· 2025-11-27 12:00
Core Viewpoint - Lancaster Resources Inc. has successfully completed the title transfer for 100% of the Lake Cargelligo Gold Project, enhancing its exploration portfolio in the Cobar mining district of New South Wales, Australia [1][7]. Company Overview - Lancaster Resources Inc. is a Canadian exploration company focused on critical mineral and gold projects, holding a 100% interest in the Lake Cargelligo Gold Project, which spans approximately 62,300 hectares [7]. - The company also has assets in Canada, including the Lac Iris Polymetallic Project and options for the Trans-Taiga Project in Quebec, as well as gold and uranium projects in Saskatchewan [7]. Project Details - The Lake Cargelligo project includes Exploration License 9775, covering 28,768 hectares, which has historical high-grade gold and silver occurrences identified through various sampling methods [3]. - Lancaster Gold Australia Pty Ltd., a wholly owned subsidiary, now holds the mineral claim title for Exploration License 9775, effective November 17, 2025 [2]. - An additional exploration license (ELA6970) for 33,400 hectares has been submitted and is awaiting final state approval [3]. Exploration and Technical Information - All exploration results mentioned are historical and have not been verified by a Qualified Person under NI 43-101, although they are considered relevant for exploration purposes [5]. - Andrew Watson, the President and CEO, is a Qualified Person as defined under National Instrument 43-101 and has approved the scientific and technical information in the release [6].
CORRECTION: Formation Metals Intercepts Strong Mineralization Including Visible Gold at the Advanced N2 Gold Project
Accessnewswire· 2025-11-26 14:25
Core Insights - Visible gold has been observed in two of the first thirteen drill holes, including a significant 30.8 metre interval in the "A" and "RJ" zones [1] - The current drilling campaign at N2 is the first since 2008, when Agnico conducted drilling in the "RJ" Zone, which previously identified high-grade intercepts of up to 51 g/t Au over 0.8 metres [1] Company Activities - The company is undertaking its first drill campaign at N2 since 2008, indicating a renewed focus on exploration in this area [1] - Historical drilling by Agnico in the "RJ" Zone has set a precedent for high-grade gold findings, which may influence current exploration strategies [1]
Bullion Gold Acquires the Transterre, Transterre-Ouest, and Candore Gold Projects (Forming the Terragold Project)
Newsfile· 2025-11-26 12:15
Core Viewpoint - Bullion Gold Resources Corp. has signed an acquisition agreement to obtain 100% rights to the Transterre, Transterre-Ouest, and Candore gold properties, now known as the Terragold Project, located in Abitibi, Quebec, which is expected to enhance the company's gold project portfolio in a region known for its gold potential [1][3]. Project Overview - The Terragold Project encompasses 36 mining cells over an area of 2,060 hectares, situated in a volcanic geological environment with significant gold and silver mineralization [2]. - Historical drilling has revealed gold zones over approximately 2,500 meters in length and to a depth exceeding 450 meters, indicating the mineralized zone remains open for potential extension [2]. Historical Context and Economic Potential - Historical exploration occurred when gold prices were around US$35-40 per ounce, limiting economic viability; however, with current gold prices exceeding CA$5,600 per ounce, the project now holds significant economic potential [3][10]. - The project is expected to undergo a complete reassessment due to the modernized economic context and higher gold prices [10]. Geological and Structural Insights - Mineralization is associated with a system of felsic dikes and quartz veins, with significant gold grades found in altered and quartz-veined zones [4]. - The mineralization is linked to the Uniacke Deformation Corridor, which is interpreted as an extension of major gold deposit zones, providing an excellent environment for gold precipitation [5][6]. Work Program and Future Plans - A comprehensive compilation of historical drilling data and 3D geological modeling will guide future exploration campaigns, allowing for precise visualization and analysis of mineralization [9][14]. - An initial drilling program is planned for winter 2026, focusing on reassessing the Terragold Project's potential according to modern exploration standards [9]. Financial Commitments and Agreements - The acquisition agreement includes specific cash payments, share issuances, and work expenditures over a three-year period to acquire full interest in the Transterre property [11]. - A 2% NSR royalty is granted to the prospectors, with a provision for the corporation to repurchase 50% of this royalty for CA$750,000 [11][15]. Additional Projects - The corporation has also obtained permits for drilling and trenching on the Cadillac-Extension project, with plans to establish a drilling program following laboratory results from a recent basal till survey [17]. Company Background - Bullion Gold Resources is a junior exploration company focused on gold and polymetallic projects in Quebec, holding interests in several projects including Bousquet, Cadillac-Extension, Terragold, and Bodo [19].
Drilling Now at Filo Sur Project
Newsfile· 2025-11-26 12:00
Core Insights - Mogotes Metals Inc. has commenced drilling on priority targets at the Filo Sur project, located south of the BHP/Lundin Filo Del Sol Cu-Au-Ag resource [1][10] - The drilling focuses on high-priority targets for Porphyry Copper and High Sulfidation Epithermal gold-silver mineralization, starting with Stockwork Hills and Cruz del Sur in Argentina [1][3] Company Developments - The first diamond drill rig is operational at Stockwork Hills, which is considered an attractive target for higher-grade stockwork Cu-Au-Ag-Mo mineralization [3][5] - Drilling will continue to other priority targets as the season progresses, with access works and platform construction already underway [3][5] Geological Insights - The drill target at Stockwork Hills starts at approximately 350 meters below the surface, with a geophysical footprint of about 600m x 200m [7][8] - The area exhibits a compelling geophysical signature, including high chargeability in IP surveys and magnetic anomalies [7][8] - Trenching results from Stockwork Hills have shown promising Cu-Au mineralization, with assays indicating significant copper and gold concentrations [8][10] Exploration Strategy - The company is advancing access and permitting for priority targets identified in Chile, which were highlighted at the end of the previous exploration season [3][10] - The exploration program aims to assess the potential for resource expansion and to build shareholder value through successful drilling outcomes [10][20]