Core Insights - Tower Resources Ltd. reported significant gold assay results from its Rabbit North property, with Hole 060 intersecting 23.63 g/t Au over 6.02 meters, indicating the potential for a substantial gold deposit in the Durand Diorite [1][2][4] - The drilling campaign aimed to determine the strike and dip of the Blue Sky gold trend, successfully extending the gold zone 70 meters along strike and 90 meters upward to within 55 meters of the surface [2][13] Drilling Results - Hole 060, drilled 70 meters northeast of Hole 055, returned an exceptional gold grade of 23.63 g/t Au, including a high-grade interval of 51.30 g/t Au over 1.95 meters [1][4][12] - Hole 059 intersected 7.6 meters of 3.28 g/t Au, including a notable 0.97 meters of 16.20 g/t Au, suggesting the presence of a mineralized volcanic-hosted shear zone [8][12] Geological Context - The Blue Sky gold zone is hosted within the Durand Diorite, with the recent drilling indicating a northeast strike extending towards historical gold intersections [2][4] - The presence of magnetite in Hole 060's diorite may influence gold mineralization, as it can scavenge gold from hydrothermal fluids [6][12] Future Plans - The successful intersection of the Blue Sky gold zone provides orientation data for future drilling, with plans for deeper and longer holes to follow the gold structure [13] - Additional assays from Hole 061 and Hole 062 are anticipated to provide further insights into the gold mineralization in the area [13]

Core Insights - Kenorland Minerals and Auranova Resources have reported significant assay results from the 2025 Winter drill program at the South Uchi Project in Ontario, confirming a new gold system with widespread mineralization [1][4][6] - Auranova has completed the initial earn-in under the South Uchi option agreement, acquiring a 51% ownership interest in the Project [1][14] Drill Results - A total of 27 diamond drill holes were completed, totaling 14,365 meters, with 25 of 27 holes (93%) intersecting gold intervals of at least 0.1 g/t Au [4][7] - Notably, 15 of 27 holes (56%) intersected intervals of at least 1.00 g/t Au, and 6 of 27 holes (22%) intersected intervals of at least 5.00 g/t Au, with the highest grade intercept recorded at 14.60 g/t Au over 1.00 meter [4][10] - The mineralized corridor remains open in all directions, indicating potential for further discoveries [4][10] Project Overview - The South Uchi Project is located in the Red Lake District and covers an area with significant geological potential for gold mineralization, previously under-explored [19][21] - The project area features multiple major east-west striking deformation zones, which are favorable for orogenic gold mineralization [19][21] Future Plans - A follow-up Phase 2 drill program is planned for late summer 2025, with up to 5,000 meters of drilling aimed at expanding the newly discovered gold-bearing structural corridor [13][14] - The next phase will focus on tighter step-outs around the most promising drill holes to further assess the mineralization potential [13][14]

ROUYN-NORANDA, Quebec, June 16, 2025 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. ("Abcourt" or the "Company") (TSX Venture: ABI) (OTCQB: ABMBF) is pleased to announce its most recent channel sampling results from the former Cambior stripping that was done in the late 1980s and located immediately west of the 2024 Cartwright stripping. This new phase of sampling made it possible to add 4 new channels of approximately 20 metres in length on average and a smaller one (No. 18) of approximately 5 metres in length. A ...

TORONTO, June 16, 2025 (GLOBE NEWSWIRE) -- Fury Gold Mines Limited (TSX and NYSE American: FURY) ("Fury" or the "Company") is pleased to announce that is has finalized a number of drill targets at the Sakami gold project located in the Eeyou Istchee Territory in the James Bay region of Northern Quebec (Figure 1). The first phase drilling campaign will commence in late June 2025 and will be comprised of approximately 3,000 – 5,000 metres (m), with three priorities; Historical drilling at Sakami has intercept ...

Core Viewpoint - Walker River Resources Corp. has initiated its 2025 reverse circulation drill program at the Lapon Gold Project, focusing on exploration drilling in the Lapon Canyon area, which is part of the Walker Lane Gold trend [1][2]. Group 1: Drill Program Details - The 2025 drill program will explore near the historical Lapon Canyon Mine, specifically targeting the "Central Zone" and the newly identified "Hot Spot Zone" [2][3]. - The Hot Spot Zone is a primary target, following a high-grade discovery in 2021, with grid-style drilling planned to assess the mineralized zone's extension and continuity with the Central Zone [3][6]. - The drilling will involve pads placed approximately 30 meters apart, with up to five holes planned per pad, as the mineralization is not visible at the surface due to overlying colluvium [3][6]. Group 2: Geological and Structural Analysis - Surficial mapping and rock sampling will be conducted around the Lapon Canyon gold targets, focusing on structural data collection to understand the controls of high-grade mineralization [4][5]. - The geological model for the Central and Hot Spot zones has been enhanced using historical data, aiding in the planning of the 2025 drill program [5][6]. Group 3: Project Overview - The Lapon Gold Project consists of 149 claims covering 3103 acres in the Wassuk Range, located approximately 60 kilometers southeast of Yerington, Nevada [7]. - The project is accessible via secondary state roads and is near a state power grid transmission line, facilitating operational logistics [7]. - The Rattlesnake, Range Front, and Pikes Peak claims add additional drill target areas, with historical mining activity indicating potential for further exploration [8][9].

Core Insights - New Found Gold continues to report high-grade gold mineralization from its 2024 exploration program, particularly at the Dropkick and Pistachio zones, indicating potential for resource expansion [1][2][10] - The exploration program included 13,768 meters of drilling across 38 diamond drill holes, focusing on high-grade mineralization and strike extensions [2][10] Dropkick Zone - Significant drill results from the Dropkick zone include 42.8 g/t Au over 14.95 m and 47.6 g/t Au over 3.95 m, with mineralization now intersected over a 580 m strike extent [5][6] - The mineralization at Dropkick is open in all directions, with potential for further expansion [6][10] - The new domain of mineralization discovered east of the Appleton Fault Zone (AFZ) returned 5.30 g/t Au over 15.20 m, marking the first mineralization found in that area [6][10] Pistachio Zone - The Pistachio zone has shown promising results with 5.34 g/t Au over 7.30 m, extending the high-grade mineralization by 40 m down-dip [12][14] - The zone spans a strike length of 240 m and remains open down plunge and to depth [12][14] - Systematic reconnaissance drilling has identified additional target areas for future exploration [12][14] Future Plans - The company plans to conduct follow-up drilling at Dropkick starting in June 2025, with additional work planned at a soil anomaly located north of Pistachio [10][12] - The total drilling for the 2024 exploration program reached 89,974 m across 271 diamond drill holes, with results from 37,750 m in 82 holes to be included in the next mineral resource estimate [10][12] Company Overview - New Found Gold holds a 100% interest in the Queensway project located in Newfoundland and Labrador, which covers a significant area with a 110 km strike extent along two prospective fault zones [31][32] - The company is focused on growth and value creation, supported by a solid shareholder base, including a 19% holding by Eric Sprott [32]

Objective 2: Confirm the presence and continuity of the South Zone that was discovered in 1988 by Cambior. Demonstrate that the mineralization of the South Zone is similar/different to that observed and described in the Cartwright area. In all, four (4) deep holes for a total of 2403 metres were made. All 2025 drilling in this area returned gold values over tens of metres in length. Hole FL-25-282 returned 1.1 g/t gold over 47.2 metres, including 7.6 g/t gold over 3 metres. The mineralization of the South Z ...

Core Viewpoint - Onyx Gold Corp. is initiating a 10,000-meter Spring Drill Program at its Timmins properties, focusing on the Argus North discovery, which has shown promising high-grade gold mineralization [1][2][10] Group 1: Drill Program Details - The Spring Drill Program aims to follow up on the Argus North discovery, which has been tested by one drill hole, MC24-163, that intersected 3.4 g/t Au over 69.6 m, including a high-grade subzone of 13.9 g/t Au over 9.5 m [1][10] - The initial Phase 1 program will involve step-out drilling to extend the mineralization up-dip, down-dip, and along strike to the east and west [3][4] - Approximately 1,500 meters of the 10,000-meter program will be allocated for reconnaissance drilling at the Golden Mile property, targeting a key northern splay of the Pipestone Fault [6] Group 2: Geological Context and Potential - The Argus North zone is interpreted to be near-vertical and sub-parallel to the east-west trending Argus Main, which is located 3 km northwest of the past-producing Croesus Gold Mine [10][7] - Historical and recent trenching suggests multi-kilometer scale potential along trend that remains untested by drilling, with plans to target this larger scale potential, including first-ever drilling in the Argus West area [5] - The Argus Main Zone has shown improving gold grades and widths, with a highlight of 1.0 g/t Au over 63.0 m in drill hole MC24-166 [9] Group 3: Financial and Operational Aspects - The company has recently announced an upsized financing of $11 million, providing flexibility to expand the drill program based on initial successes [2] - The drilling will be conducted with a separate drill rig dedicated to the Argus North drilling at Munro Croesus, ensuring operational efficiency [6]

Core Viewpoint - Goliath Resources Limited has engaged JDS Energy & Mining Inc. to assess the viability and development of an underground exploration adit at the Surebet zone of its Golddigger property, which is expected to enhance exploration efficiency and access high-grade gold zones [1][2]. Group 1: Project Development - The underground adit will provide access to the Bonanza Zone, which is approximately 200 meters above the valley floor, allowing for more efficient drilling and geological confirmation of high-grade gold lodes [2][4]. - The adit will facilitate geological confirmation of the thickness and continuity of the Bonanza Zone, potentially enabling bulk sampling and reducing drilling costs [5][6]. Group 2: Geological Insights - Recent geological studies indicate that gold mineralization occurs in two separate events with different temperatures, referred to as "Goldilocks," with the highest intercepts found where the Bonanza Zone intersects with the Surebet Zone [2]. - The Surebet discovery shows exceptional continuity and excellent metallurgy, with gold recoveries of 92.2%, and no deleterious elements such as mercury or arsenic present [6]. Group 3: Property Overview - The Golddigger Property covers 91,518 hectares in the Golden Triangle of British Columbia, an area known for hosting significant mines like Eskay Creek and Premier [3]. - Goliath controls 56 kilometers of the Red Line, a geological contact that is crucial for exploring gold-copper-silver mineralization [3]. Group 4: Infrastructure and Accessibility - The property is strategically located near communities with existing infrastructure, including a permitted mill site and direct barge access to Prince Rupert [7][8]. - Additional infrastructure includes proximity to the Dolly Varden Silver Mine Road and access to major transportation routes, enhancing logistical support for mining operations [8]. Group 5: Company Background - Goliath Resources is focused on precious metals exploration in the Golden Triangle and is a member of CASERM, which supports research in mining [12]. - The company has strategic shareholders, including Crescat Capital and McEwen Mining Inc., which may provide additional support for its projects [12].

Core Insights - New Found Gold continues to discover gold mineralization outside the initial resource at Queensway, with significant high-grade results from recent drilling [1][2][5] - The Phase I deep drilling program has successfully assessed the depth potential of the orogenic gold system at Queensway, revealing new zones over a kilometer below the surface [1][8] Drilling Results - The recent drilling program included 7,765 meters across 12 diamond drill holes, primarily targeting depth extensions at Dome and other areas [2][3] - Notable drill results include 38.7 g/t Au over 6.55 meters at Dome, and 10.3 g/t Au over 8.20 meters at Keats South Deep [5][11] - Eleven of the twelve drill holes reported were outside the initial mineral resource estimate area, indicating potential for resource expansion [2][6] Future Plans - The company is planning a 2025 drill program focusing on near-surface targets and high-priority discoveries, including Dropkick, Dome, and Golden Dome [9][30] - The completion of a preliminary economic assessment is scheduled for late Q2/25, which will further evaluate the Queensway project [30][31]