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Austin Gold Advances U.S. Exploration with New Geophysics and Drilling Plans
Newsfile· 2025-10-01 12:00
Core Viewpoint - Austin Gold Corp. is advancing its exploration activities at the Stockade Mountain Project in Oregon and the Lone Mountain Project in Nevada, with new geophysical and drilling plans aimed at enhancing gold discovery potential [2][3]. Project Update - At the Stockade Mountain Project, a review of a historical gradient-array IP-resistivity survey indicated it was inadequate for imaging vein-hosting structures at target depths of 200-300 meters. A Controlled Source Audio-frequency Magnetotellurics (CSAMT) survey has been designed to improve imaging of these structures, expected to be completed in 2025, subject to conditions [3][8]. - The reverse circulation drilling program planned for 2025 has been deferred to 2026 to incorporate CSAMT results into drill targeting [3]. - The Company has received permission to drill a water well for exploration drilling, with plans to commence in Q4 2025 [4]. - At the Lone Mountain Project, exploration continues with geological mapping, geochemical sampling, and gravity geophysics [4][8]. Soil and Sampling Results - A soil and stream sediment sampling program was completed, consisting of 2,027 soil and 122 stream sediment samples. Analysis revealed unusual patterns in elements not typically associated with Carlin-type gold deposits [5][6]. - Re-assay results showed minimal overall change in elements useful for targeting Carlin-type gold deposits, but significant enrichments of arsenic, antimony, and thallium were found, associated with gold anomalies in soils up to 0.128 g/t [6][8]. - Despite significant historical exploration at Lone Mountain, large areas remain untested or minimally tested by drilling [7]. Corporate Update - On September 26, 2025, the Company entered a marketing agreement with i2i Marketing Group, LLC, for marketing services aimed at increasing investor awareness. The agreement has an initial term of two months at a cost of $250,000, with no securities issued as compensation [9].
Trident Resources Initiates Exploration Program at Greywacke and Hailstone Properties in Saskatchewan
Globenewswire· 2025-10-01 07:05
Core Insights - Trident Resources Corp. is launching a geological mapping and geochemical sampling program at its Greywacke and Hailstone properties in Saskatchewan to identify and expand known gold showings for future drill targeting [1][2] - The La Ronge Gold Belt is highlighted as an underexplored area with significant potential for multi-million-ounce gold deposits, particularly at the Greywacke property [3][10] Exploration Program - The upcoming field program will primarily focus on the Greywacke Property, which contains a historical mineral resource estimate from 2021 [2] - The Greywacke Gold Deposit extends several kilometers and includes known showings such as Lyons Zone, Hoover Lake, Wasp Lake, and Closure Lake [2][4] - Initial work will also commence at the Hailstone Property, for which the company has signed an option agreement to acquire a 100% interest [2] Geological Details - The Greywacke Lake Gold Project is located approximately 88 km northeast of La Ronge and covers 16,078 hectares [4] - The project area consists of three sub-parallel zones along a 7 km mineralization trend, with the Greywacke North Gold Deposit located in the North Zone [4] - Significant mineralized targets along the Wacke trend include Closure Lake and Lyons Zone Showings, which are hosted by the same geological unit as the Greywacke North Deposit [4][5] Resource Estimates - The Greywacke North Deposit has a historical mineral resource estimate of 101,000 ounces of gold at 4.90 g/t (Indicated) and 54,000 ounces at 4.24 g/t (Inferred) [7][8] - Other showings such as the Hoover Gold Showing and Wasp Lake Showing also contain visible gold and are geologically similar to the Greywacke North Deposit [5][6] Company Position - The company has expanded its initial drill program at the Contact Lake Gold Project from 5,000 meters to over 6,500 meters due to promising early visuals of mineralization [3] - Trident Resources is fully funded with over C$12.5 million in its treasury, indicating strong financial backing for its exploration activities [3]
AngloGold Ashanti to commence drilling at Organullo Gold Project
Yahoo Finance· 2025-09-30 12:45
Core Insights - AngloGold Argentina Exploraciones plans to initiate drilling at the Organullo Gold Project in Salta Province, Argentina, with an option for AngloGold Ashanti to earn up to an 80% interest in the project [1] - The Phase I drilling program will consist of 10 drill holes and approximately 6,000 meters, with first results expected in Q1 2026 [1] - The project is considered a high-priority exploration target for AngloGold Ashanti, aiming for a multi-million-ounce, Tier 1 discovery [1] Company Developments - Keith Henderson, President & CEO of Latin Metals, highlighted the significance of the Organullo project as a compelling untested gold exploration target in South America [1] - The drilling phase represents a significant milestone for both the project and Latin Metals shareholders [1] - The initial testing will focus on three previously unexplored advanced argillic alteration zones along a 6 km-long strike length [1] Technical Insights - The project is supported by district-scale geophysical anomalies, structural interpretation, surface geochemical data, and hyperspectral data, indicating potential for gold mineralization discovery [1] - AngloGold Ashanti is using Salares Norte as a technical analogy for targeting the discovery [1]
Beauce Gold Fields Assays Fault Line and Pyrite-Bearing Drill Cores
Thenewswire· 2025-09-30 12:30
Core Insights - Beauce Gold Fields has discovered a new gold-bearing environment following the unexpected finding of a gold-mineralized fault line in drill hole GR-25-08, which has prompted the re-examination of previous drill cores [1][2] - The company is expanding its exploration potential beyond the Saddle Reef structures, with a focus on the association of gold with coarse pyrite in black shale [2] - The summer diamond drill program has successfully intersected gold-bearing structures, with drill hole GR-25-08 returning assays of 0.8 g/t Au over 9.5 m, including 2.3 g/t Au over 1.0 m [2] Core Sampling and Assays - A total of 920 core samples have been re-evaluated and/or submitted for analysis, including 14 holes from the 2021 program and 12 holes from the 2025 program [3][4] - The 2021 program identified a major fault line parallel to the Saddle Reef, with recommendations for follow-up holes, some of which remain untested [3] - The 2025 program includes 12 holes with 712 samples, while the 2023 program includes 5 holes with 208 samples [4] Quality Assurance/Quality Control - The drill program adhered to strict QA/QC protocols, with all drilling recovering HQ cores and samples being processed at MSALABS in Val-d'Or, Quebec [5] - Samples underwent gamma ray analysis for gold using a photon assay instrument, ensuring the integrity of the assay process [5] Company Overview - Beauce Gold Fields is focused on exploring the largest placer gold district in eastern North America, aiming to trace old placer gold workings back to a bedrock source [8] - The flagship property is the Saint-Simon-les-Mines gold project, historically significant as the site of Canada's first gold rush [8] - The geological model suggests that placer gold formed in stressed quartz pockets within layered domed axes of antiforms, similar to notable global Saddle Reef formations [8]
Formation Metals Commences Fully Funded 10,000 Metre Drill Program at the Advanced N2 Gold Project
Accessnewswire· 2025-09-25 06:00
Core Insights - Formation has initiated a fully funded 10,000 metre multi-phase drill program at its N2 Gold Project located near Matagami, Quebec, which has a historic resource of approximately 870,000 ounces of gold [1] Summary by Sections Project Overview - The N2 Gold Project hosts a global historic resource of ~870,000 ounces, consisting of 18 million tonnes grading 1.5 g/t Au (~809,000 oz Au) across four zones: A, East, RJ-East, and Central [1] - Additionally, there are 243 thousand tonnes grading 7.82 g/t Au (~61,000 oz Au) in the RJ zone [1] Phase 1 Drilling Targets - Phase 1 of the drilling program will focus on the "A" zone, which is characterized as a shallow, highly continuous, low-variability historic gold deposit containing ~522,900 ounces, with only ~35% of its strike drilled (over 3.1 km open) [1] - The program will also target the "RJ" zone, known for high-grade intercepts from historical drill holes, with grades reaching as high as 51 g/t Au over 0.8 metres [1] - The RJ zone was expanded by Agnico Eagle Mines in 2008 during the most recent drilling at the property [1]
Duketon Mining signs option agreement to acquire Boodanoo Gold Project
Yahoo Finance· 2025-09-24 09:24
Core Viewpoint - Duketon Mining (DKM) has signed an option agreement to acquire the Boodanoo Gold Project, enhancing its exploration portfolio in Western Australia [1][3]. Group 1: Acquisition Details - DKM has the right to purchase 100% of the Boodanoo Gold Project for a non-refundable payment of A$7,500 (approximately $4,949) within a 12-month exclusive option period [1]. - The company may exercise its option by issuing 500,000 fully paid ordinary shares to Western Yilgarn during the option period [1]. Group 2: Exploration Plans - During the exclusive option period, DKM plans to conduct exploration activities to assess the mineralisation and potential of the Boodanoo project [2]. - The project includes a 2km gold anomaly identified in 2021 through soil sampling, and DKM aims to perform detailed surface sampling and geological mapping [2]. Group 3: Strategic Alignment - The acquisition aligns with DKM's strategy of acquiring low-entry cost projects that can be rapidly advanced through exploration [4]. - The Boodanoo site is located on the western margin of the Windimurra layered mafic-ultramafic intrusive complex, featuring Archean metagabbro and meta-monzogranite [4].
Opawica Exploration Inc Announces Company Update on the Bazooka Property
Thenewswire· 2025-09-16 11:30
Core Insights - Opawica Explorations Inc. provides an update on the Bazooka Property, highlighting its location on the Cadillac-Larder Lake Fault, a significant gold deposit area in the southern Abitibi greenstone belt [1][2]. Group 1: Property Overview - The Bazooka Project spans 1,371 hectares and is entirely owned by the company, situated along the Cadillac/Larder Lake fault zone, which extends over 100 kilometers [2]. - The company controls seven kilometers of the Cadillac-Larder Lake Fault within the Bazooka Property, with recent drilling revealing 19 gold mineralized zones, 15 of which have grades exceeding 0.55 g/t, reaching up to 6.12 g/t Au [3]. Group 2: Exploration and Drilling Results - The eastern section of the property has shown promising results, with core lengths greater than 10 meters, some reaching up to 67.9 meters, and four larger intercepts exceeding 0.84 g/t Au [3]. - Historical gold mineralization exists in the western part of the property, approximately four to six kilometers from recent drilling, indicating the potential for a large, connected gold system [4]. Group 3: Future Plans and Potential - The company plans to systematically test and drill the fault moving west from the high-grade zone, aiming to connect existing zones and discover new high-grade areas [7]. - The geological data suggests that multiple deposits across the fault could be interconnected, potentially leading to multi-million-ounce deposits [7]. - The Bazooka Property is adjacent to the Wassamac property, which was acquired by Agnico Eagle in a multi-billion-dollar deal in 2023, further enhancing the area's exploration potential [7]. Group 4: Company Background - Opawica Explorations is a junior Canadian exploration company with a strong portfolio in the Rouyn-Noranda region of the Abitibi gold belt, focusing on increasing shareholder value through effective exploration practices and potential partnerships [9].
Eminent Mobilizes for Pivotal Drill Phase at HSRP
Prnewswire· 2025-09-04 11:35
Core Insights - The maiden drill program at HSRP confirmed gold mineralization with grades up to 8 g/t Au, supporting the exploration model in a previously untested area within the Hot Springs Range [1][2] - The project is strategically located across a basin from the Getchell Trend, a significant gold-producing district, indicating potential for further discoveries [1][3] - The next drilling phase aims to identify the most prospective zones using gravity data, facilitating district-scale exploration at HSRP [1][3] Company Overview - Eminent Gold holds a portfolio of high-conviction gold projects in Nevada, including HSRP, Celts, and Gilbert South, with HSRP featuring three high-priority areas: Otis, Eden, and Sitka [3] - The geological traits of these targets are comparable to established deposits like Turquoise Ridge and Twin Creeks, suggesting significant discovery potential [3] - The company is focused on creating shareholder value through exploration and discovery of world-class gold deposits in the Great Basin [5]
Adamera Identifies Second Prospect on the South Hedley Gold Property, British Columbia
Thenewswire· 2025-09-04 11:30
Core Viewpoint - Adamera Minerals Corp. has identified a new gold prospect, the Glix Prospect, on its 100% owned South Hedley Gold Property in British Columbia, which shows promising gold values and is located near previously identified prospects [1][2]. Group 1: Prospect Identification - The Glix Prospect is situated over 10 km from the Max Prospect and has shown significant gold values in soil samples ranging from 80 ppb to 684 ppb [1][2]. - Initial reconnaissance soil sampling returned weakly anomalous fire assay values of 25 to 45 ppb gold, with follow-up sampling yielding a notable 419 ppb gold sample [2][5]. - The prospect remains open for further exploration, with more than half of the follow-up samples returning anomalous gold values [2][5]. Group 2: Geological Context - The prospect is characterized by scapolite-altered clastic and impure calcareous rocks, believed to be equivalent to the Late Triassic Hedley Formation, which hosts nearby Nickel Plate and Mascot mines [3]. - Sulphide mineralization, including pyrrhotite-arsenopyrite, was discovered within 300 meters of the gold-bearing soil samples [3]. Group 3: Historical Context and Exploration Potential - The South Hedley Property is located less than 10 km from Barrick Gold Corp's Nickel Plate Mine, which historically produced approximately 2.5 million ounces of gold [6]. - The CEO of Adamera Minerals expressed surprise at the limited exploration conducted in the area over the past decades, indicating significant potential for further discoveries [4]. Group 4: Analytical Methodology - Soil samples were analyzed using the DetectORETM method, which allows for rapid gold analysis at ppb levels, ensuring rigorous quality control [7]. - The method involves inserting a standard rock sample every 30 to 45 samples to maintain accuracy, with the pXRF capable of analyzing up to 180 samples per run [7].
Gold Mining ETF (GOEX) Hits a New 52-Week High
ZACKS· 2025-09-03 10:01
Group 1 - The Global X Gold Explorers ETF (GOEX) has reached a 52-week high and has increased by 99.8% from its 52-week low of $28.79 per share [1] - The underlying index for GOEX, the Solactive Global Gold Explorers & Developers Total Return Index, measures the performance of global companies involved in gold exploration and is liquidity-tested and market capitalization-weighted [1] - GOEX charges an annual fee of 65 basis points [1] Group 2 - Gold mining ETFs are experiencing high performance due to increased safe-haven demand for gold, central bank purchases, and a weaker dollar [2] - GOEX has a positive weighted alpha of 108.60, indicating strong momentum and potential for continued outperformance in the coming months [3]