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TomaGold Intercepts 6.68% ZnEq (1.57 g/t AuEq) over 48.05 Metres, including 39.03% ZnEq (9.15 g/t AuEq) over 2.90 Metres at Berrigan Mine and Identifies a Major Hydrothermal Footprint
Businesswire· 2025-12-22 10:00
Core Insights - TomaGold Corporation announced initial assay results from drill holes TOM-25-009 and TOM-25-010 at the Berrigan Mine project, confirming high-grade gold-bearing polymetallic vein systems within an extensive mineralized envelope [1][2] - The drilling campaign aims to test historical mineralized structures and explore new potential mineralization at depth, with a total of seven holes planned for 3,098 meters [1][2] Company Developments - CEO David Grondin highlighted a significant 39% ZnEq intersection in hole TOM-25-009, reinforcing geological understanding of the Berrigan Mine project [2] - The company is advancing a comprehensive litho-structural and geophysical compilation for its Chibougamau mining camp projects, utilizing AI modeling to refine targeting for upcoming exploration campaigns [2] - Additional geophysical work has been completed to enhance gold and polymetallic targeting for the winter 2026 exploration campaign [2] Drilling Results - The mineralization at Berrigan Mine is primarily associated with carbonatized ultramafic rocks, with low-grade halos identified in visually non-mineralized samples, increasing the potential volume of the mineralized envelope [2] - A borehole EM survey is being conducted to guide future deep drilling, ensuring comprehensive analysis of previously unsampled sections [2] Future Plans - Next steps include receiving assay results in January 2026 for five additional holes, integrating EM and core assay data into the resource model, and planning a field exploration program [3] - Phase 2 drilling will be planned following the compilation of Phase 1 drilling and geophysical data [3] Project Background - The Berrigan Mine property consists of 16 claims totaling 483 hectares, located 4 km north-northwest of Chibougamau, with TomaGold having an option to acquire 100% of the property [7] - Historical estimates indicate 1,388,915 tonnes of material grading 3.17% Zn and 1.77 g/t Au on the main Berrigan Mine zone, although these estimates are not classified as current mineral resources [8][9]
Galantas Gold Provides Update on Acquisition of RDL Mining Corp. and Brokered Financing
Globenewswire· 2025-12-19 19:53
Core Viewpoint - Galantas Gold Corporation is progressing with the acquisition of RDL Mining Corp and a private placement offering, with both expected to be completed in 2025 [2][3]. Acquisition and Transaction Details - The acquisition involves all issued and outstanding shares of RDL Mining Corp, with the company working to satisfy closing conditions, including TSX Venture Exchange approval [2][3]. - The private placement offering is priced at $0.08 per unit, led by Canaccord Genuity Corp and Haywood Securities Inc [2]. Indiana Project Option - Upon completion of the transaction, Galantas will hold an option to acquire a 100% interest in the Indiana gold/copper project in Chile, requiring total payments of US$15 million over five years [4]. - The first payment of US$500,000 is due in Q4 2025, followed by payments of US$1 million in the first two years, US$2 million in years three and four, and a final payment of US$8.5 million in year five [4]. Lease Agreement - Until the option is exercised, RDL will lease the Indiana Project from the current owner, Indiana Limitada, with payments not credited as option payments [5]. Historical Mineral Resources - The Indiana Project has a historical inferred mineral resource estimate of approximately 714,600 ounces of gold equivalent, based on 4,546,300 tonnes averaging 4.89 parts per million AuEq [7]. - The estimate is supported by a technical report prepared in accordance with NI 43-101 standards [7]. Offering Update - The company plans to utilize the "part and parcel pricing exception" for gross proceeds of $10 million specifically allocated for the transaction [13]. - Adjustments to the offering price may occur after the common shares resume trading, requiring TSXV approval [13]. Additional Exploration - Since the 2013 Technical Report, approximately 1,500 meters of exploration drifts have been excavated, and 960 meters of core were drilled in 2020 [12]. Company Overview - Galantas Gold Corporation is a Canadian public company trading on the TSX Venture Exchange and the London Stock Exchange AIM market, focusing on expanding gold production and resources [19].
INTEGRA DELIVERS ROBUST FEASIBILITY STUDY FOR DELAMAR GOLD-SILVER HEAP LEACH PROJECT HIGHLIGHTING IMPROVED ECONOMICS AND REDUCED DEVELOPMENT RISK
Prnewswire· 2025-12-17 23:33
Core Insights - Integra Resources Corp. announced the results of its Feasibility Study for the DeLamar Gold and Silver Heap Leach Project, highlighting robust project returns and a strong economic profile [1][3][4] Feasibility Study Highlights - The project has an after-tax net present value (NPV) of $774 million at base case metal prices and $1.7 billion at spot prices, with internal rates of return (IRR) of 46% and 89% respectively [3][6] - The mine life is extended to 10 years with total life-of-mine production of 1.1 million ounces of gold equivalent [3][6] - Average production is projected at 119 thousand ounces of gold equivalent per year during the first five years, with cash costs below industry averages [3][6] Project Economics - Initial capital costs are estimated at $389 million, with sustaining capital of $305 million over the life of the mine [3][6] - The project has a base case NPV-to-capex ratio of 2.0 and a payback period of 1.8 years, improving to 4.4 and 1.1 years at spot prices [3][6] - Average after-tax free cash flow is projected at $165 million during the first five years [3][6] Community and Environmental Impact - The project is expected to create approximately 300 direct permanent jobs and has garnered local support through engagement with community stakeholders [3][4][5] - A simplified project layout and enhanced water management strategy are anticipated to facilitate permitting advantages [3][5] Mining and Processing Details - The operation will utilize conventional open-pit mining methods with a low strip ratio of 0.54:1, focusing on high-grade ore from the Florida Mountain deposit initially [3][26] - The updated two heap leach configuration aims to improve constructability and operational flexibility while managing environmental impacts [3][29] Infrastructure and Capital Costs - The project will leverage existing infrastructure from the historical DeLamar mine, minimizing new construction needs [36][37] - Capital cost estimates are based on vendor-supported pricing and recent costs from Integra's Florida Canyon mine [46][48]
SAGA Metals Defines Key Structural Geology at Trapper South & Provides Corporate Update
Globenewswire· 2025-12-17 13:00
Core Insights - SAGA Metals Corp. has successfully completed the logging of all eight drill holes in the Trapper zone and has sent three additional holes for analysis, indicating progress in critical mineral exploration [1][3][11] Drilling and Sampling Highlights - A total of 2,050 meters of drilling has been conducted across the Trapper North and South zones, confirming extensive oxide mineralization and validating a 3 km ground magnetic anomaly [3][15] - Five out of eight drill holes have been sent for assaying, totaling 473 samples, with a projected total of 1,313 samples expected to be shipped for analysis [3][11] - The assay turnaround time is estimated at 3 to 4 weeks once samples arrive at the lab [3] Geological Findings - Significant structural data has been identified in Trapper South, particularly in hole R-0014, which revealed impressive rhythmic magnetite layering and provided insights into the regional structural geometry [2][4][7] - The Western Anomaly in Trapper South has been defined with a strike length of 1.4 km and a width of approximately 150 m, while the Eastern Anomaly measures 700 m with a similar width [10] Future Plans and Objectives - The completion of the initial phases of the mineral resource estimate drill program will inform future drilling plans for early Q1 2026 [11][16] - The next drilling campaign will target the integration of structural interpretations and geological correlations to support a mineral resource estimate at the indicated level of confidence [17] Company Overview - SAGA Metals Corp. is focused on the exploration and discovery of critical minerals, with the Radar Project encompassing 24,175 hectares and hosting the Dykes River intrusive complex [23][27] - The company aims to position itself as a strategic supplier of titanium, vanadium, and iron to North American markets, leveraging its unique geological assets [19][23]
Osisko Development Provides Infill Drilling Update on Its 13,000-m Program at Cariboo Gold Project; Intercepts Include 8.56 g/t Au Over 8.5m from 60.5m Depth, and 130.32 g/t Au Over 0.5m from 83.5m Depth
Globenewswire· 2025-12-15 13:00
Core Insights - Osisko Development Corp. has announced new infill drilling results from its ongoing 13,000-meter program at the Cariboo Gold Project, with a total of approximately 10,000 meters completed, representing about 72% of the planned drilling [2][3]. Drilling Program Overview - The infill drilling program commenced in August 2025 and is focused on the Lowhee Zone of the Cariboo Gold Project, which is 100% owned by the company [2]. - A total of 5,983 meters of drilling has been completed, with 3,704 meters reported in this release, indicating that approximately 44% of the planned drilling has been executed [5]. Assay Results - The assay results include significant gold grades, such as 8.56 grams per tonne (g/t) over 8.5 meters from a depth of 60.5 meters, and 16.95 g/t over 4.0 meters from 80 meters depth [5][6]. - The results are consistent with modelled reserve stopes and indicate potential for additional mineralization in previously unexplored areas [5][9]. Future Implications - The ongoing infill drilling is expected to refine production designs and sequencing, with the program set to conclude in the first quarter of 2026 [4][5]. - The data gathered will inform an updated local block model and may lead to the addition of new planned reserve stopes based on the final estimation process [9][10].
Americas Gold and Silver Completes Strategic Acquisition of the Crescent Silver Mine in Idaho
Newsfile· 2025-12-12 17:57
Core Viewpoint - Americas Gold and Silver Corporation has successfully completed the acquisition of Crescent Silver, LLC, which owns the Crescent Mine in Idaho, enhancing its operational capabilities and resource base in the region [1][2]. Acquisition Details - The acquisition consideration includes US$20 million in cash and approximately 11.1 million common shares of Americas [2]. - The Crescent Mine is strategically located just 9 miles from the Galena Complex, allowing for operational synergies [3]. Operational Strategy - The company plans to restart the Crescent Mine, which is a fully permitted past-producing mine, to provide a high-grade source of feed for the Galena Complex mills [3]. - The mineralized material at Crescent is similar to that at Galena, containing high-grade silver and potential by-products such as antimony and copper, aligning with the company's strategy to maximize production value across metals [3]. Financial Position - The company recently completed a US$132 million over-subscribed bought deal financing, which positions it well for the anticipated capital investments needed to advance Crescent into production [4]. - The company is fully funded for its growth plans and will continue its aggressive exploration drilling program across both the Crescent and Galena assets [4]. Historical Resource Information - The Crescent Mine has produced over 25 million ounces of silver at an average grade of 26 opt (891 g/t) from 1917 to 1981 [6]. - The property hosts a historical Measured and Indicated resource of 3.8 million ounces and an Inferred Resource of 19.1 million ounces [6][9]. - The 2015 Preliminary Economic Assessment (PEA) projected a production of approximately 15 million ounces of silver and 5.8 million pounds of copper over an 11-year mine life, with an average annual production of 1.4 million ounces of silver and 0.5 million pounds of copper [11]. Company Overview - Americas Gold and Silver Corporation is a growing North American mining company focused on producing silver, copper, and antimony from high-grade operations in the U.S. and Mexico [13]. - The company aims to be a leading North American silver producer and a key source of U.S.-produced antimony, with significant ownership in the Galena Complex and Cosalá Operations [13].
TRX Gold(TRX) - 2025 Q4 - Earnings Call Presentation
2025-12-10 14:30
Financial Performance & Production - TRX Gold achieved record quarterly gold production of 6,404 oz and sales of 6,977 oz in Q4 2025, a 37% increase over Q3 2025[15] - Fiscal Year 2025 gold production was 18,935 oz[14,16,18] - Fiscal Year 2025 revenue reached $57.6 million[14,18,19] - Adjusted EBITDA for Fiscal Year 2025 was $22.0 million, with a 38.2% margin[14,18,19] Growth & Expansion - The company is expanding the Buckreef Gold Project, targeting an average of 62,000 oz Au per year over 17.6 years through underground expansion[13,30] - A Preliminary Economic Assessment (PEA) projects a pre-tax NPV 5% of $1.9 billion and a post-tax NPV 5% of $1.2 billion at $4,000/oz Au[13,30] - Growth capital of $89 million is planned over the next 4 years for expansion[13,30] - The company is commencing build-out of a larger processing facility than contemplated in the PEA, funded from internal cash flow over the next 18–24 months[16] Resources & Exploration - The Buckreef Gold Project has Measured & Indicated Resources of 893,000 oz Au at 2.57 g/t Au and Inferred Resources of 726,000 oz Au at 2.47 g/t Au[13,35,67] - Exploration upside includes the Stamford Bridge Zone, with drill results including 37 m @ 6.86 g/t Au from 130 m[30,55,56]
AbraSilver Intercepts 274 Metres Grading 0.60 g/t Gold from 251 Metres Depth at Oculto East, Highlighting Potential for an Underlying Porphyry System
Newsfile· 2025-12-10 12:30
Core Insights - AbraSilver Resource Corp. announced significant assay results from its Diablillos project in Argentina, highlighting a 274-meter interval grading 0.60 g/t gold, including a high-grade section of 23 meters at 2.83 g/t gold, indicating strong potential for an underlying porphyry system [1][2][4] Exploration Results - The drill hole DDH 25-085 at Oculto East confirmed a broad mineralized corridor, with the high-grade interval reinforcing the continuity of gold mineralization in the area [5][9] - Additional drill holes, DDH 25-083 and DDH 25-082, also reported gold mineralization, with 26 meters at 0.74 g/t gold and 12 meters at 0.44 g/t gold, respectively [5][6] Geological Implications - The results from DDH 25-085 suggest a vertically extensive mineralization system, characteristic of fertile porphyry environments, with significant copper and molybdenum values indicating a potential porphyry center [4][5] - The geological features observed, such as silicification and advanced argillic-silicic alteration, are consistent with the upper levels of well-developed porphyry systems [5][12] Future Plans - The Phase V drill program is on track for completion by year-end, with plans for a Phase VI drill program in January 2026, focusing on resource expansion and deeper porphyry-related targets [16] - An updated Mineral Resource estimate is scheduled for H1 2026, which will inform an updated Mineral Reserve and mine plan [16] Company Overview - AbraSilver is focused on advancing its 100%-owned Diablillos silver-gold project, which has shown strong growth potential based on recent exploration drilling [25] - The current Measured and Indicated Mineral Resource estimate for Diablillos consists of 73.1 million tonnes grading 79 g/t silver and 0.66 g/t gold, with significant upside potential [25]
Zephyr Provides Update
Newsfile· 2025-12-09 12:50
Core Insights - Zephyr Minerals Ltd. has engaged Pinyon Environmental, Inc. to conduct a comprehensive water monitoring program to support the resubmission of a mining permit application for its Dawson Gold Property in Colorado, with monitoring set to begin this month and continue quarterly until December 2026 [1] Company Developments - Ms. Suzan Frazer has retired as corporate secretary after serving since the company's inception in 2010, with Mr. David Felderhof succeeding her [2] Dawson Gold Property Overview - The Dawson Gold Deposit has an Inferred Mineral Resource of 343,000 tonnes grading 12.11 g/t for 133,500 ounces of gold at a 5 g/t cut-off, and 116,300 ounces at 10.55 g/t with a 40 g/t top cut, with the estimate effective as of July 19, 2013 [3] - A Preliminary Economic Assessment (PEA) from March 21, 2017, indicated robust economics with an all-in sustaining cost (AISC) of $692 per ounce, based on a gold price of $1,250/oz [3] - The project has significant exploration potential, particularly at depth and along the 700-metre-long Sentinel zone, which has not been drill tested [3] - The Dawson project benefits from a small footprint for the proposed underground mine, ownership of necessary lands, a favorable climate for year-round operations, and nearby infrastructure [3] Company Strategy - Zephyr Minerals is focused on obtaining a mining permit for the Dawson Gold property and advancing the project to the next development stage [4] - The company is also awaiting the Zimbabwean Government's decision on two Exclusive Prospecting Orders covering 124,000 hectares, which are prospective for gold and lithium [4]
Orezone Intercepts 3.28 g/t Gold Over 26.00m and 5.55 g/t Gold Over 15.00m at P17 Zone in Advance of Hard Rock First Gold
Globenewswire· 2025-12-03 22:29
Core Viewpoint - Orezone Gold Corporation has reported successful high-grade confirmatory drill results from the P17 Zone at its Bomboré Gold Mine, indicating a strong potential for increased gold production in 2026 [1][5]. Group 1: Drill Results - The P17 Zone drill results include several high-grade intersections, such as 7.46g/t Au over 8m and 5.55g/t Au over 15m, confirming the high-grade nature and continuity of mineralization [2][3]. - The initial grade control drill program is focused on the first six months of planned production from the P17 Zone, with mining activities already underway [3]. Group 2: Production and Commissioning - The commissioning of the stage 1 hard rock plant is progressing well, with the jaw crusher and SAG mill operational, and first ore expected to be processed soon [4]. - Overall gold production at Bomboré is projected to increase by 45% to between 170,000 and 185,000 ounces in 2026, marking a significant cash flow inflection point for the company [5].