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Signature Resources Announces Closing of Upsized Non-Brokered Private Placement
Newsfile· 2025-10-30 23:03
Core Viewpoint - Signature Resources Ltd. has successfully closed a non-brokered private placement offering, raising gross proceeds of C$3,417,835 through the issuance of various units, which will support its exploration activities at the Lingman Lake Gold Project [1][4][10]. Offering Details - The offering includes 23,000,000 charity flow-through units at C$0.077 each, 10,458,401 flow-through units at C$0.060 each, and 18,533,298 non-flow-through units at C$0.055 each [2]. - Each unit consists of one common share and one-half of a common-share purchase warrant, with whole warrants allowing the purchase of additional common shares at C$0.10 for 12 months [2]. Use of Proceeds - The net proceeds from the offering will be allocated for exploration activities on the Lingman Lake Gold Project and general working capital, with approximately one-third designated for working capital and the remainder for exploration, including a 2025 drill campaign [10]. Insider Participation - Insiders of the company acquired 37% of the offering, purchasing 6,250,067 flow-through units and 15,200,000 non-flow-through units, which constitutes a related party transaction [8]. Exploration Plans - The company plans to commence a 2025 diamond drilling program of approximately 3,000 meters, targeting a large 3D IP/Mag anomaly to potentially expand the Lingman Lake deposit [5]. Company Background - Signature Resources Ltd. is focused on expanding the Lingman Lake gold deposit in Northwestern Ontario, which consists of approximately 24,821 hectares and has a historical underground mine structure [12]. The initial mineral resource estimate includes 95,200 ounces indicated and 674,320 ounces inferred [12].
Xali Gold Outlines Plans for Pico Machay Gold Project in Peru
Globenewswire· 2025-10-28 20:10
VANCOUVER, British Columbia, Oct. 28, 2025 (GLOBE NEWSWIRE) -- Xali Gold Corp. (TSXV:XGC) ("Xali Gold” or the “Company”) is pleased to announce plans to advance the Pico Machay Gold Project (“Pico Machay” or the “Project”) in Central Peru. The Project is under acquisition through a Share Purchase Agreement (“SPA”) with Pan American Silver Corp. (TSX:PAAS) (NYSE:PAAS) (“Pan American”) and its subsidiary, Aquiline Resources Inc. (“Aquiline”) as per the October 24th, 2025 news release. The Pico Machay transact ...
Xali Gold to Acquire Pico Machay Gold Project in Peru
Globenewswire· 2025-10-24 11:00
Core Viewpoint - Xali Gold Corp. has entered into a Share Purchase Agreement to acquire Minera Calipuy S.A.C, which owns the Pico Machay Gold Project in Central Peru, from Pan American Silver Corp. and its subsidiary Aquiline Resources Inc. [1] Acquisition Details - The acquisition is a strategic move for Xali Gold to enhance its presence in a prolific gold-silver region, with the Pico Machay project already having a historic resource in place [3] - The Share Purchase Agreement includes cash payments totaling $17.5 million over five years, with an initial payment of $0.5 million at closing [14][16] Resource Information - Pico Machay has a Historic Measured and Indicated Resource of 264,600 ounces of gold from 10.6 million tonnes at a grade of 0.78 grams per tonne, and an additional Inferred Resource of 446,000 ounces from 23.9 million tonnes at a grade of 0.58 grams per tonne [2][8] - The original resource estimate was based on a long-term gold price of $700 per ounce, which presents significant upside potential given the current higher gold price environment [3][4] Geological and Logistical Context - The project is located within the Southern Peru Epithermal Gold-Silver Belt, known for hosting world-class gold deposits, and is in proximity to several operational mines [5][6] - Pico Machay is situated 35 km southwest of Huancavelica, a well-established mining area with good logistical access [7] Future Plans - Xali Gold aims to update the resource estimate and previous engineering studies with a near-term production goal, while also exploring additional targets for potential resource expansion [3][4]
Tudor Gold Provides Proposal to Resolve Golden Triangle Permitting Overlap
Newsfile· 2025-10-17 09:00
Core Viewpoint - Tudor Gold Corp. has proposed an alternative route for the planned Mitchell-Treaty Twinned Tunnels to resolve a land use conflict with Seabridge Gold Inc.'s KSM project, aiming to protect its Treaty Creek Project while allowing both projects to advance economically for the Province of British Columbia [1][3]. Group 1: Project Details - The Tunnels, approximately 22 kilometers long, would directly intersect Treaty Creek's Goldstorm Deposit and the Perfectstorm Zone, which has potential to exceed Goldstorm in both tonnage and gold grade [2][10]. - The Goldstorm Deposit has an Indicated Mineral Resource of 21.66 million ounces of gold at a grade of 0.92 g/t, along with significant silver and copper resources [8][23]. Group 2: Proposed Solutions - Tudor's alternative route proposal would shift the Tunnels approximately one kilometer north, adding about 2.5 kilometers to the total length, which represents a 3.1% increase in total tunnel excavations [12]. - The company believes this alternative route would encounter similar or better geological conditions and reduce the risk of encountering acid-generating rock [13]. Group 3: Legal and Regulatory Actions - Tudor has initiated three legal proceedings in British Columbia to protect its mineral claims and challenge decisions related to the Tunnels and the conditional mineral reserve [17]. - The company prefers to negotiate with the Province and Seabridge to modify the planned route of the Tunnels [16]. Group 4: Future Plans - An updated Mineral Resource estimate for Treaty Creek is underway, incorporating approximately 15,000 meters of drilling data from 2024 and 2025, with completion targeted for Q4 2025 [18]. - Tudor plans to commence underground excavation of the high-grade gold SC-1 Zone in Q3 2026, subject to necessary permits [20].
Aya Gold & Silver (OTCPK:AYAS.F) 2025 Earnings Call Presentation
2025-10-08 15:20
Unlocking silver growth in Morocco INVESTOR PRESENTATION OCTOBER 2025 TSX: AYA | OTCQX: AYASF Forward-Looking Statements The Zgounder Expansion Feasibility Study ("FS") is based on a technical report entitled "NI43-101 TECHNICAL REPORT – FEASIBILITY STUDY ZGOUNDER EXPANSION PROJECT", originally dated March 31, 2022, and amended on June 16, 2022 with an effective date of December 13, 2021 (the "Zgounder Report") which was prepared under the supervision of Daniel M. Gagnon, DRA, with the participation of Will ...
CleanTech Doubles Fluorspar Mineral Rights to 15,975 Acres with Quarant Project Acquisition in Illinois-Kentucky Fluorspar District
Newsfile· 2025-10-08 13:10
Core Viewpoint - CleanTech Vanadium Mining Corp. has acquired the Quarant fluorspar project, increasing its mineral rights to 15,975 acres in the Illinois-Kentucky Fluorspar District, positioning the company as a significant player in the U.S. fluorspar mining sector [1][3][15] Company Summary - CleanTech, through its subsidiary U.S. Fluorspar LLC, has acquired a 7,825-acre fluorspar project by assuming an existing mineral lease agreement [1][2] - The acquisition nearly doubles CleanTech's mineral rights holdings in the Illinois-Kentucky Fluorspar District, enhancing its status in the industry [3] - The Quarant Project surrounds CleanTech's flagship Campbell-Crotser project, which has a historic mineral resource estimate of 805,841 tons grading 37.10% CaF2 [4][12] Industry Context - The Illinois-Kentucky Fluorspar District historically produced 90% of America's fluorspar from 1915 to 1995, but production has shifted to imports, primarily from China, Mexico, Vietnam, and South Africa [6] - Fluorspar is a critical mineral essential for various applications, including uranium enrichment and battery production, with the U.S. currently having no domestic production [6] - The price of fluorspar in China has increased over 40% from October 2022 to October 2025, indicating rising demand and potential market opportunities [6] Project Details - The Quarant Project extends the known mineral strike of the Campbell Crotser project by an additional 3,300 feet, indicating significant exploration potential [5] - Historical mining activities in the area have produced over 375,000 tons of crude fluorspar, showcasing the region's rich mineralization history [8][9] - The Carrsville corridor, where both the Quarant and Campbell-Crotser projects are located, is recognized for its high mineral potential due to its geological features [8][9][10]
Fortuna Files Environmental and Social Impact Assessment for the Diamba Sud Gold Project in Senegal and provides update on Preliminary Economic Assessment status
Globenewswire· 2025-10-07 09:00
Core Insights - Fortuna Mining Corp. has filed an Environmental and Social Impact Assessment (ESIA) for the Diamba Sud Gold Project, marking a significant milestone in the permitting process and demonstrating the company's commitment to advancing the project towards a construction decision in the first half of 2026 [1][2] Environmental and Social Impact Assessment - The ESIA submission is essential for obtaining an environmental permit, which is part of the overall permitting process for project development [4] - The ESIA addresses key environmental and social considerations, including project description, benefits for Senegal, regulatory framework, baseline studies, public consultation, impact assessment, and proposed mitigation plans [6][7] Preliminary Economic Assessment (PEA) Status - Fortuna is progressing with the PEA for Diamba Sud, which will provide insights into the project's potential economics and development alternatives, with completion expected in early Q4 2025 [4][6] - A Definitive Feasibility Study (DFS) will follow the PEA in the first half of 2026, incorporating results from the ESIA and ongoing drilling activities [4][6] Drilling Program Update - The company has completed 52,110 meters of drilling in 2025, leading to a 53% increase in Measured and Indicated resources and a 93% increase in Inferred resources [6][8] - Drilling is set to resume in October after the rainy season, focusing on testing extensions of open mineralization and advancing project generation across Diamba Sud and the contiguous Bondala exploration property [6][9][10] Recent Highlights - A maiden Inferred Mineral Resource at Southern Arc has been delineated, totaling 3.85 million tons at an average gold grade of 1.57 g/t, containing 194,000 ounces of gold, with further drilling planned to test extensions [9]
Osisko Development Provides Infill Drilling Update on Its 13,000-Meter Lowhee Program at Cariboo Gold Project; Intercepts Include 45.24 G/T Gold Over 3.0 Meters, Including 233.92 G/T Gold Over 0.5 Meters
Globenewswire· 2025-10-06 12:15
Core Insights - Osisko Development Corp. has announced new infill drilling results from its ongoing 13,000-meter program at the Cariboo Gold Project, indicating promising continuity and high-grade gold intercepts [2][3][4] Infill Drilling Program - The infill drilling program commenced in August 2025, focusing on the Lowhee Zone of the Cariboo Gold Project, with 2,279 meters completed so far, representing approximately 17.5% of the total planned drilling [2][4] - Initial results show high-grade gold intercepts, including 45.24 g/t Au over 3.0 meters, reinforcing the potential for delineating new zones and expanding existing ones [4][5][6] Geological and Resource Insights - The Lowhee Zone has been identified as a high-priority drill target, with previous drilling campaigns successfully identifying auriferous quartz-carbonate veins [20][21] - The Cariboo Gold Project hosts probable mineral reserves of 2.07 million ounces of contained gold, with measured and indicated resources totaling 1.68 million ounces [27] Project Development and Infrastructure - The Cariboo Gold Project is a permitted, 100%-owned feasibility-stage project located in central British Columbia, covering approximately 186,740 hectares [26] - The project has received key environmental permits, solidifying its shovel-ready status for future development [26][27] Future Outlook - The comprehensive drilling program is designed to provide critical data for resource modeling, mine planning, and optimization of production stope design, with further updates expected as drilling progresses [3][4]
New Found Gold Confirms At-Surface High-Grade Core in Iceberg Excavation Channel Sampling Program
Prnewswire· 2025-09-25 21:00
Core Insights - New Found Gold Corp. announced positive results from a channel sampling program at the Iceberg excavation in the Queensway Gold Project, indicating high-grade gold mineralization over a significant strike length [1][2][3] Group 1: Channel Sampling Program - The channel sampling program covered a 220 m by 105 m area, exposing gold-bearing quartz veins over a strike length of 185 m beneath 2.5 to 9 m of overburden [3][4] - A total of 964 m of channel samples were collected at 7.5 m intervals across 45 channel lines, providing detailed analysis of gold grade variability [3][4] - High-grade intervals included notable results such as 64.8 g/t Au over 6.71 m and 113 g/t Au over 2.99 m, contributing to a continuous section of the Iceberg vein [6][7] Group 2: Geological and Resource Modeling - The results from the channel sampling will inform geological and resource models, aiming to increase confidence in resource areas for the Phase 1 mine plan outlined in the Preliminary Economic Assessment (PEA) [4][5] - The Iceberg zone is part of a larger gold system associated with the Keats Baseline Fault Zone, which has an interpreted strike length of approximately 2 km [5] Group 3: Future Plans and Drilling Programs - New Found Gold commenced a 70,000 m drill program in May 2025, with 80% of the drilling focused on the AFZ Core area [7][8] - The company plans to continue excavation and channel sampling in additional near-surface zones to validate the geological model and gather analytical information for the Phase 1 mine plan [8][9] - An infill drill program is ongoing to convert resources from inferred to indicated, expected to be completed in Q4 2025 [10]
NGEx Minerals (OTCPK:NGXX.F) 2025 Earnings Call Presentation
2025-09-25 13:00
Lunahuasi Project Overview - Lunahuasi is a new major high-grade discovery in the Vicuña District, strategically positioned near other major deposits like Los Helados and Filo del Sol[19] - The project exhibits four distinct styles of mineralization, including high-sulphidation Cu-Au, intermediate-sulphidation Au, and porphyry Cu-Au, all unusually high-grade[40, 47] - Key drill results include Hole 2 with 60m at 752% CuEq, Hole 28 with 511m at 1384% CuEq, and Hole 32 with 274m at 2519% CuEq, demonstrating significant grade and scale[69] Exploration and Drilling - As of September 2025, NGEx Minerals has drilled 43250m in 50 holes at Lunahuasi, with all holes in the deposit area showing significant drill intersections[82] - The company is planning a Phase 4 drill program involving 25000m of drilling using 8 rigs, focusing on resource definition, step-out drilling, and exploration[81, 161] - Predictive discovery based on a well-understood geological model has been successful, leading to the discovery of multiple high-grade zones and bonanza-grade gold[109] Royalty Spin-Out - NGEx Minerals is creating a royalty spin-out, LunR Royalties Corp, which will hold a 1% NSR royalty on Lunahuasi and a 2% NSR royalty on Los Helados[182, 183] - NGEx will retain a 199% interest in LunR Royalties Corp, providing long-term exposure to Lunahuasi and Los Helados, as well as potential future financing for development[188, 189, 190] Long Term Vision - The long-term vision includes developing a comprehensive plan to explore, finance, and eventually build a new high-grade copper-gold-silver mine at Lunahuasi[204]