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LAURION Reports Multiple High-Grade Intercepts, Including 15.35 g/t Au over 0.50 m (450.9-451.4 m), 7.30 g/t Au over 0.50 m (738.6-739.1 m), and a Broad 3.0 m Interval of 1.09 g/t Au (134.0-137.0 m)
Thenewswire· 2025-12-03 15:55
Core Insights - LAURION Mineral Exploration Inc. has announced positive assay results from its 2025 exploration drilling program at the Ishkōday Project, confirming the presence of high-grade orogenic gold veins in the Marge–Allard multi-vein corridor [1][3][4] Exploration Program Overview - The 2025 drill program included 15 drill holes totaling 7,586 meters, bringing cumulative drilling at Ishkōday to 99,834 meters across 470 drill holes [2] - The final 1,716 meters of drilling results from holes LME25-067 to LME25-070 have been reported, completing the disclosures for the year's program [2] Assay Results Highlights - The four drill holes reported the highest grade intercepts of the season, demonstrating strong continuity of near-surface veins and consistent high-grade mineralization across multiple stacked gold-bearing structures [3][4] - Specific assay results include: - LME25-069: 0.5 m @ 15.35 g/t Au, 3.0 m @ 1.09 g/t Au, and 1.1 m @ 4.14 g/t Au [5] - LME25-067: 0.7 m @ 11.40 g/t Au, within 1.3 m @ 5.64 g/t Au [5] - LME25-068: 0.5 m @ 1.04 g/t Au [5] Geological Context - The drill holes targeted the eastern extension of the Marge–Allard vein system, located approximately 700 meters north of the historic Sturgeon River Mine, which hosts a network of gold-bearing quartz veins [4][6] - Historical work has shown significant gold presence in the area, with previous sampling yielding high-grade assays [4][6] Future Plans - LAURION plans to integrate the new data into its 3D geological and structural model for Ishkōday, focusing on the Sturgeon River–Brenbar Corridor and the A-Zone-CRK corridor as part of its 2026–2027 Strategic Operating Plan [7] - The upcoming work will include structural consolidation and plunge-oriented drilling to evaluate the continuity of high-grade shoots identified in previous drill programs [7]
Inventus Recovers 427 Ounces of Gold and Demonstrates Positive Economics From 007 North Bulk Sample at Pardo
Globenewswire· 2025-12-01 12:00
Core Insights - The bulk sampling at the Pardo Gold Project has demonstrated the economic potential of near-surface gold mineralization, indicating that mineralization can be extracted and processed to generate cash flow [3][4] - The results from the 007 North bulk sample support the company's vision of achieving a near-term production profile that minimizes shareholder dilution while advancing the project [3] Bulk Sample Details - The 007 North bulk sample was extracted from a flat-lying mineralized conglomerate at a depth of approximately 3 meters, with an average thickness of 1.82 meters [4] - Prior to extraction, 33 large diameter drill holes were completed, yielding a weighted average grade of 3.84 grams per tonne (gpt) gold over 1.82 meters [5] - The predicted block model illustrated 5,216 tonnes grading 3.95 gpt gold, while the actual extraction resulted in a grade of 3.14 gpt gold [5][6] Extraction and Processing - A total of 4,816 tonnes was processed, resulting in the recovery of 427 ounces of gold from 4,674 dry tonnes, with a reconciled head grade of 3.04 gpt gold and a metallurgical recovery of 94% [8][10] - The cost of the bulk sample was approximately CAD$1,200,000, leading to a sale of recoverable ounces valued at CAD$2,350,000, representing a 96% return over cost [8][11] Future Plans - The company is currently conducting a Phase 2 drill program with results pending from 62 completed drill holes [9] - An additional 10,000-tonne bulk sample is scheduled for processing at the end of January 2026 [8][9]
Rio Silver Provides Corporate Update as the Company Advances Toward High-Grade Silver Development in Peru
Globenewswire· 2025-11-25 14:20
Core Viewpoint - Rio Silver Inc. is positioning itself to become a high-grade silver producer in Peru, leveraging its strategic initiatives and operational preparations at the Maria Norte project, which is located in one of the world's most prolific mineral belts [1][4]. Operational Highlights - A detailed site visit to the Maria Norte project confirmed the scope, sequencing, and logistical requirements for fast-tracking development work upon regulatory approval [2]. - The company is advancing preparations for high-altitude camp construction, portal-access upgrades, and tunnel advancements along known mineralized structures [7]. - Progress is being made on permitting and community agreements, with positive advancements in explosives permitting and stakeholder access agreements [7]. - The company is adopting Peru's exploration/exploitation framework to enable mineral generation while establishing underground drill platforms for resource definition [7]. - Rio Silver is well-funded by a diversified investor base, with Maria Norte strategically located near other mine developments supported by a positive Preliminary Economic Assessment (PEA) [7]. Financial Position - The company currently receives approximately US$150,000 annually in advanced royalty payments, providing a stable revenue baseline [6]. - The sale of the Niñobamba project to Magma Silver Corp. will yield milestone payments exceeding US$2 million and 5 million common shares of Magma Silver, enhancing Rio Silver's financial position [6]. - Rio Silver retains a 2% Net Smelter Return (NSR) royalty on Niñobamba, in addition to a 3% capped NSR royalty from its former Palta Dorada interests [6]. Strategic Interests - Beyond its Peruvian assets, Rio Silver owns a critical-metals project in Ontario's Ring of Fire, identified as having significant subsurface potential based on historical drilling and airborne surveys [7][8]. - The company is evaluating additional silver-dominant targets within trucking distance that may offer district-scale growth potential [7]. Market Positioning - As global silver demand accelerates due to industrial electrification, renewable energy, and precious-metal investment, Rio Silver is positioning itself as a pure-play developer with significant leverage to rising silver markets [9]. - The company is committed to disciplined growth and clear market communication through its partnership with Caram Media, enhancing its alignment with shareholders [10][11].
Searchlight Resources Commissions NI43-101 Technical Reports on Bootleg Lake and Robinson Creek Gold Properties
Newsfile· 2025-11-25 12:30
Core Insights - Searchlight Resources Inc. has contracted Axiom Exploration Group to prepare NI43-101 technical reports for its Bootleg Lake and Robinson Creek Gold properties, which are located near Creighton, Saskatchewan and Flin Flon, Manitoba [1][2][3] Summary by Sections Technical Reports - Axiom Exploration Group has completed site visits for both projects, with final reports expected in early 2026 [2] - This will be the first technical report for the Robinson Creek project and an update on the 2013 report for Bootleg Lake [2] Exploration Targets - The Robinson Creek project has an Initial Exploration Target estimated between 77,000 and 154,000 ounces of gold, with no prior report available [3] - Bootleg Lake has an estimated ore of 2 to 3 million tonnes, with gold grades ranging from 1.20 g/t to 1.60 g/t [7] Historical Data and Mineralization - Over 70 historical drill holes from the 1940s and 1980s have been compiled, outlining a mineralization zone extending at least 1,000 meters along the Mosher Lake Shear Zone [7] - Significant historical drill results include multiple intersections greater than 1.0 g/t gold, with some exceeding 2.0 g/t over at least one meter [7] Project Location and Infrastructure - The properties are located 15 kilometers from each other, allowing for potential shared processing facilities [7] - The Bootleg Lake site is a brownfields project with three past-producing high-grade gold mines, including the Rio Mine, which has 1,500 meters of underground workings [7] Future Plans - The technical reports will assist the company in future exploration and development plans, including the potential combination of Robinson Creek and Bootleg Lake [3]
CopperCorp Mobilizes Second Drill Rig to Jukes Prospect
Newsfile· 2025-11-11 12:00
Core Insights - CopperCorp Resources Inc. is advancing its drilling efforts at the Jukes Cu-Au prospect in Tasmania by mobilizing a second diamond drill rig to expedite the ongoing Phase 2 drilling program [1][6][9] Drilling Program Details - The Phase 2 diamond drilling program at Jukes consists of five planned holes totaling approximately 2,000 metres, aimed at expanding the known mineralization footprint and testing high-priority targets [2][3] - The first drill hole, JDD003, has been completed to a depth of 254.9 metres, with samples sent for assay and results expected in 3-4 weeks [4][5] - A second hole, JDD004, is currently being drilled to a planned depth of 350 metres, targeting the eastern IP chargeability corridor, marking the first drill test of this zone [5][6] Geophysical and Geological Context - The Jukes prospect is characterized by strong induced polarization (IP) chargeability, magnetic, and geochemical anomalies, forming a prospective footprint at least 700 metres long and 400 metres wide, with confirmed Cu-Au mineralization from surface to depths exceeding 500 metres [10] - Historical drilling results from the 2024 Phase 1 campaign indicated strong Cu-Au intercepts, suggesting significant mineral potential [11][12] Future Plans and Strategic Focus - The company plans to return to drilling at the Hydes prospect later in the season when conditions improve and is also considering drilling at the Linda prospect in 2026 [9] - The focus on Jukes is driven by geological similarities to the Mt Lyell mine, which has a history of significant copper and gold production [9][10]
Kobrea Commences Construction of Drill Access Road at El Perdido, Western Malargüe Mining District - Mendoza Province, Argentina
Newsfile· 2025-11-04 13:00
Core Insights - Kobrea Exploration Corp. has commenced construction of a drill access road at the El Perdido Project, marking a significant milestone for the company [2][3] - The El Perdido Project covers 6,878 hectares and hosts a porphyry copper-gold-molybdenum system that has not been drilled previously [3][10] - An investor relations agreement has been established with Capital Analytica for a term of six months, with a total compensation of $150,000 for services [7][8] Project Development - The construction of the drill access road is part of Phase 1 exploration, which will be followed by the installation of an exploration camp and diamond drilling activities [1][2] - The maiden diamond drilling program will target the center of the El Perdido system, where the highest density of quartz stockwork veining is located [3][10] - Field crews will also begin target development activities at other porphyry prospects across the property concurrently with road construction [2] Company Overview - Kobrea Exploration Corp. focuses on the acquisition and exploration of base metal projects, holding rights to seven projects totaling over 733 km² in southwestern Mendoza Province, Argentina [10] - The properties are considered highly prospective for porphyry copper and copper-gold deposits, with multiple targets exhibiting significant hydrothermal alteration [10] - The company also holds a 100% interest in the Upland Copper Project located in British Columbia, Canada [10]
Nexus Uranium Closes Fully Subscribed Private Placement of Units
Newsfile· 2025-10-31 23:05
Core Points - Nexus Uranium Corp. has successfully closed a non-brokered private placement offering, issuing 3,640,000 units at a price of $0.25 per unit, resulting in total gross proceeds of $910,000 [1][2] Group 1: Offering Details - Each unit consists of one common share and one transferable common share purchase warrant, allowing the holder to acquire an additional common share at $0.55 until October 31, 2027 [2] - The warrants will not be exercisable until December 31, 2025, which is 61 days after the offering's closing [2] - The company issued 212,800 finder's warrants, which are also exercisable into common shares at $0.55 per share until October 31, 2027 [3] Group 2: Use of Proceeds - Proceeds from the offering will be allocated for permitting, South Dakota relations, drilling bonds, marketing and investor relations, working capital, and general corporate purposes [3] Group 3: Regulatory Compliance - The units were issued under the listed issuer financing exemption, and securities issued to Canadian residents are not subject to resale restrictions [4] Group 4: Company Overview - Nexus Uranium is a Canadian uranium exploration company focused on mineral exploration and development in the green energy sector, holding five uranium projects in the United States and one in Canada [6]
Forte Minerals Attends the New Orleans Investment Conference
Newsfile· 2025-10-30 13:30
Core Insights - Forte Minerals Corp. is participating in the 51st Annual New Orleans Investment Conference from November 2-5, 2025, where the President & CEO, Patrick Elliott, will present on the company's exploration projects and growth strategy [1][2][3] Group 1: Company Overview - Forte Minerals Corp. is an exploration company focused on high-quality copper and gold assets in Peru, leveraging a strategic partnership with GlobeTrotters Resources Perú S.A.C. to access high-impact targets in premier Andean mineral belts [5] Group 2: Financial Updates - The company received a C$5.7 million strategic investment from a key investor in July and announced a second C$5.7 million investment from another strategic partner this week, indicating strong financial backing for its growth initiatives [2] Group 3: Conference Participation - The New Orleans Investment Conference aims to connect analysts, investors, and companies to explore emerging opportunities across various asset classes, and Forte's participation is part of its strategy to strengthen investor relationships and showcase its growth plans [3]
GSP Samples 348 g/t Silver and 12% Copper at New, Near Mine, Expansion Targets at Alwin Mine and Mer Properties
Thenewswire· 2025-10-28 11:00
Core Insights - GSP Resource Corp. has announced initial rush assay results from its Fall 2025 geological reconnaissance targeting program at the Mer Porphyry and Al conductor targets, including a newly discovered high-grade silver-copper Apex target within the Alwin Mine Zone [1][2] Exploration Details - The 2025 exploration program involved the collection of 60 surface rock outcrop and float samples, along with 204 targeted grid soil samples, marking the first surface work on expansionary exploration targets outside the Alwin Mine resource area since 2008 [2] - Historic exploration at the Alwin Mine occurred primarily during the 1960s to 1980s, with recent logging and road construction improving access to these historic sites [2] Historic Data and New Targets - Compilation of historic data for the Mer porphyry and Apex targets indicates significant near-mine exploration potential [3] - At the Mer site, diamond and percussion drilling from the 1970s and extensive trenching were re-located, with sampling of mineralized granodiorite and establishment of a detailed soil grid to expand potential drilling targets [4] - The Apex Zone, rediscovered 40 meters from a modern logging road, had historic diamond drill logs from 1977 that documented a mineralized alteration zone [5] Assay Results - Rush surface sample assays from the new targets revealed high grades, including 348 g/t silver and 12% copper from the Apex Zone, and additional notable results from the Alwin Mine and nearby historic trenches [6][7] - Specific assay results include: - 348 g/t Ag and 11.85% Cu from trench samples at Apex - 5.5% Cu and 35 g/t Ag from Alwin Mine outcrop - 2.58% Cu from Little OK Lake float samples [7][8] Methodology and Quality Control - The analytical work was performed by ALS Global, an accredited geoanalytical laboratory, ensuring quality control through standard, blank, and duplicate samples [10][11] - The company reported no significant QA/QC issues during the review of the data [13] Company Overview - GSP Resource Corp. is focused on mineral exploration and development in Southwestern British Columbia, owning 100% interest in the Alwin Mine Copper-Gold-Silver Property and the Mer Property [14]
Blackrock Silver Commences Phase 2 Hydrology Program, Geotechnical Evaluation and Seismic Survey on the Tonopah West Project
Newsfile· 2025-10-23 10:00
Core Insights - Blackrock Silver Corp. is advancing its Tonopah West project through a Phase 2 hydrology program, geotechnical evaluations, and a seismic survey to support the permitting of an exploration decline for test mining and bulk sample extraction [2][3]. Hydrology Programs - The Phase 2 hydrology program will involve the installation of five additional piezometers, a dewatering well, and a groundwater monitoring well to aid in engineering design and water management strategies [4][6]. - The Phase 1 hydrology program previously set four piezometers to collect data on water presence, which informed the Phase 2 program [4]. Geotechnical Evaluations - Geotechnical evaluations are being conducted on 22 drillholes along the proposed decline alignment, with detailed evaluations of Phase 1 piezometer holes already completed [6][7]. - A total of 36 samples have been collected for geotechnical unconfined compression strength testing, and approximately 59,000 meters (193,570 feet) of core drilling has been evaluated for recovery and Rock Quality Designation (RQD) [7]. Seismic Survey - A seismic survey covering 18 kilometers is planned to identify structural controls and extensions of the silver and gold deposits, with data collection occurring over seven lines [8]. - The survey aims to enhance understanding of the deposit's structural controls and assist in drill targeting [8]. Project Management - The integration of hydrologic, geotechnical, and seismic data is viewed as a critical step in de-risking the project and refining engineering models for the proposed decline [3]. - An updated preliminary economic assessment for Tonopah West is expected in Q1 2026, which will further inform project development [3]. Company Overview - Blackrock Silver Corp. is focused on precious metal exploration and development, with a portfolio of properties in Nevada characterized by low-sulphidation, epithermal gold and silver mineralization [10]. - The company is driven to add shareholder value through its strategic initiatives and project advancements [10].