Core Viewpoint - Aura Minerals Inc. has filed a preliminary economic assessment (PEA) for its wholly owned Era Dorada Project, previously known as the Cerro Blanco Project, indicating strong economic potential for the underground mining operation [1][3]. Group 1: Project Overview - The Era Dorada Project is located in Jutiapa, Guatemala, approximately 160 km from Guatemala City and 9 km from the El Salvador border, covering an area of 15.25 km² [4]. - The project is accessible year-round via the Pan-American Highway and is situated in a tropical dry forest climate with elevations between 450–560 meters above sea level [5]. Group 2: Economic Assessment Highlights - The PEA estimates a capital expenditure (Capex) of US$264 million, an after-tax net present value (NPV) of US$485 million, and an unleveraged after-tax internal rate of return (IRR) of 24% based on a gold price of US$2,410 per ounce [3][6]. - The project anticipates total production of approximately 1.4 million ounces of gold over a 17-year life of mine, with an average production of 91,000 ounces in the first four years [6]. Group 3: Mineral Resource Estimates - Indicated mineral resources are estimated at 1.9 million ounces of gold, based on 6.35 million tonnes at a grade of 9.31 grams per tonne [6][18]. - The project has a total initial implementation Capex of approximately US$264 million, with a payback period of about 3.5 years after operations commence [6]. Group 4: Historical Context and Development - The Era Dorada Project was initially identified by Mar-West in 1998 and has undergone extensive exploration and development by various companies, including Goldcorp and Bluestone Resources [10][8]. - As of the end of 2021, Bluestone had drilled approximately 267 holes totaling 45,725 meters on the property since acquiring it from Goldcorp [10]. Group 5: Environmental and Social Considerations - Aura is committed to collaborating with local authorities and government agencies to ensure that the Era Dorada Project meets high environmental and social standards under its Aura 360 culture [3][22].

Canterra Minerals Intersects 68 metres of 1.0% CuEq from Surface at the Buchans Project, Newfoundland June 03, 2025 7:00 AM EDT | Source: Canterra Minerals Corporation Vancouver, British Columbia--(Newsfile Corp. - June 3, 2025) - Canterra Minerals Corporation (TSXV: CTM) (OTCQB: CTMCF) (FSE: DXZB) ("Canterra" or the "Company") is pleased to announce additional drilling results from its ongoing 10,000 metre ("m") drill program at its 100% owned Buchans Project in the Central Newfoundland Mining District, lo ...

Core Insights - Koryx Copper Inc. announced positive assay results from 12 drill holes totaling 3,603 meters as part of the Phase 2 drill program for the Haib Copper Project in Namibia, indicating the project's potential for copper production through conventional methods and heap leaching [2][3][30] Group 1: Drill Program and Results - The company has completed 29 out of a planned 37 drill holes in Phase 2, totaling 8,647 meters of diamond drilling [4] - Significant results include high copper grades in several drill holes, such as HM62 with 572 meters at 0.33% Cu and HM51 with 112 meters at 0.32% Cu [4][21] - The drilling program is expected to accelerate with the arrival of additional drill rigs in the coming weeks, enhancing the drilling rate for the second half of 2025 [3][4] Group 2: Geological and Technical Developments - Ongoing work includes the development of an updated geological model to improve mineral resource estimation, which will incorporate new insights from recent drilling [4][20] - The company is making progress on metallurgical testwork and ancillary studies related to infrastructure, environmental considerations, and permitting [3][4] - A revised geological model is being developed to enhance the identification of higher-grade areas and improve overall resource estimates [20] Group 3: Future Plans and Objectives - The company aims to complete 28,000 meters of drilling by the end of 2025, with the final Phase 4 infill drilling program scheduled to begin in Q2 2026 [17] - Key objectives include targeting higher-grade areas, performing multi-element assays for byproducts, and improving geological modeling [18][19] - The Haib project is positioned as a potential long-life, low-cost copper project with additional copper production possibilities from heap leaching [30][31]

Core Viewpoint - Besra Gold Inc. is addressing misleading information presented by Quantum Metal Bullion Pty Ltd, which includes unauthorized claims about the company's operations and management [1][2][3]. Company Operations - The unauthorized presentation falsely claims that Besra has ongoing mining operations and significantly overstates the quantity of gold reserves, stating "Proven Gold Reserves" that are not accurate [3]. - Besra has established a JORC compliant mineral resource of approximately 13.5 million tonnes at 1.7 g/t Au for 721,000 ounces of gold in the Jugan Gold Project and approximately 57 million tonnes at 1.4 g/t Au for 2.6 million ounces of gold in the Bau Project [4]. Management and Governance - Dato Lim Khong Soon, a director of Besra, has been associated with the unauthorized presentation, leading to the company's decision to call a special meeting to remove him as a director [10][11]. - The company has made efforts to prevent unauthorized statements from Quantum Metal, but these efforts have not stopped the dissemination of misleading information [9]. Investor Communication - Besra emphasizes that it has not authorized any offers related to a "gold contract note device" or any bonus share offers linked to Quantum Metal [5][8]. - The company advises shareholders and investors to disregard the information presented by Quantum Metal regarding Besra and its operations [3][8].

Core Insights - Cygnus Metals Limited has reported significant high-grade gold mineralization at the Golden Eye prospect within the Chibougamau Copper-Gold Project in Quebec, with the best intercepts to date being 60.8g/t AuEq over 0.4m, including 51.3g/t Au, 7.2% Cu, and 18.0g/t Ag [1][6][13] - The results indicate the potential for valuable resource growth, with additional assay results expected soon from ongoing drilling [5][9][10] Drilling Results - Recent drilling results include: - 7.4m @ 5.7g/t AuEq (4.6g/t Au, 0.9% Cu, 5.6g/t Ag) from 405.6m, with a notable interval of 3.1m @ 9.6g/t AuEq [6][13] - 2.9m @ 10.2g/t AuEq (8.3g/t Au, 1.4% Cu, 3.3g/t Ag) from 463.8m, including the high-grade 0.4m @ 60.8g/t AuEq [6][13] - Historical drilling has shown significant intersections, such as 5.9m @ 34.1g/t AuEq and 4.5m @ 21.6g/t AuEq, indicating a strong potential for resource estimation [7][14] Project Development - The Golden Eye prospect is strategically located 3km from Cygnus' central processing plant, with existing dual ramp access within 150m of the mineralization [8][10] - Cygnus plans to compile new drilling results with historical data from 77 holes totaling 21,371m to complete an initial Mineral Resource Estimate for Golden Eye [10][15] Historical Context - The Chibougamau district has a rich history of gold and copper production, with over 3.5 million ounces of gold produced historically at an average grade of 2.1g/t Au [11][12] - Golden Eye has never been mined and was last drilled in the early 1990s when gold prices were significantly lower [6][10] Future Outlook - Cygnus aims to leverage ongoing exploration and data compilation to identify additional drill targets and enhance resource growth, focusing on low-risk brownfield exploration [15][12] - The company is positioned to benefit from historically high gold prices, making Golden Eye a potential growth driver [8][9]

TORONTO, May 06, 2025 (GLOBE NEWSWIRE) -- Centerra Gold Inc. ("Centerra" or the "Company") (TSX: CG) (NYSE: CGAU) announces an updated mineral resource at Kemess, which includes results from the 2024 drilling campaign, and outlines a plan to advance studies on the project. In 2024, Centerra completed over 11,400 meters of core drilling for exploration, geotechnical, and metallurgical testing purposes. Those results have been included in the updated mineral resource as of April 15, 2025. Gold mineral resourc ...

Core Viewpoint - Eloro Resources Ltd. is initiating a new phase of definition drilling at the Santa Barbara starter pit area within the Iska Iska silver-tin polymetallic project in Bolivia, aiming to upgrade and expand high-grade tin and silver mineralization [1][3]. Group 1: Drilling Program Details - The upcoming drilling program will consist of 4,300 meters of diamond drilling across 8 holes, focusing on high-grade tin mineralization and a shallower silver mineralized zone [1][6]. - Holes will be drilled with a spacing of 50 meters by 50 meters, which has been determined to be optimal for confirming the continuity and grade of mineralization [2]. - The previous drilling program successfully extended high-grade mineralization and identified new targets, indicating a significant potential for resource expansion [3][30]. Group 2: Mineralization Insights - The definition drilling has intersected significant tin and silver mineralization, with the mineralized system extending approximately 1.2 kilometers and remaining open along strike and at depth [5][6]. - Recent drilling results have shown that increased drill hole density correlates with higher grades of silver and tin, suggesting that this trend will continue with further drilling [6][30]. - The mineralization is characterized by visually coarse-grained cassiterite, which is likely amenable to gravity separation, and ongoing metallurgical studies are yielding promising results [3][6]. Group 3: Project Background and Significance - The Iska Iska project is a major silver-tin polymetallic complex located in Bolivia, with significant geological features that suggest the potential for large deposits [19][20]. - Eloro has an option to earn a 100% interest in the Iska Iska property, which is road-accessible and royalty-free, enhancing its attractiveness for exploration and development [19][33]. - The project is strategically positioned within a region known for significant mineral deposits, which may provide further opportunities for resource development [21][24].

Core Viewpoint - Vanguard Mining Corp. has acquired the Yuty Prometeo Project in Paraguay, which is expected to enhance its uranium exploration strategy, with an initial NI 43-101 Technical Report to be prepared by senior geologist Ariel Testi [1][3]. Company Overview - Vanguard Mining Corp. is a Canadian mineral exploration company focused on high-value strategic minerals, particularly uranium, and is advancing projects in the United States and Paraguay [21]. - The company aims to create value through responsible exploration and the acquisition of promising uranium properties [21]. Project Details - The Yuty Prometeo Project consists of a 90,000-hectare (222,395-acre) land package, including the San Jose and Prometeo concessions, located in the uranium-rich Paraná Basin of southeastern Paraguay [2][8]. - The Prometeo Concession covers approximately 27,666 hectares (68,368 acres) and is adjacent to UEC's Yuty Project, which has a defined uranium resource of 8.96 million pounds [2][9]. - The San Jose Concessions total approximately 62,210 hectares (153,754 acres) and have shown significant uranium anomalies based on previous radiometric surveys [10][11]. Geologist Profile - Ariel Testi, a seasoned geologist with 22 years of experience in the mining industry, has been retained to prepare the initial Technical Report for the Yuty Prometeo Project [4][6]. - Testi has a strong background in mineral exploration and has previously contributed to significant discoveries, including the Ivana Deposit in Argentina [6][7]. Industry Context - Paraguay is emerging as a favorable mining jurisdiction in South America, characterized by political stability, low sovereign risk, and a supportive regulatory environment for mineral exploration [20]. - The country is increasingly recognized for its potential in uranium and other strategic minerals, making it an attractive destination for mining companies [20].