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Omega Pacific Closes First Tranche of Offering
Newsfile· 2025-08-18 20:43
Core Points - Omega Pacific Resources Inc. has closed the first tranche of its non-brokered private placement, raising a total of $292,500 [1] - The proceeds from the offering will be allocated to an exploration program on the Williams Property and for general working capital [1] Group 1: Offering Details - The first tranche included the sale of 570,372 flow-through units for gross proceeds of $77,000 and 2,155,000 non flow-through units for gross proceeds of $215,500 [1] - Each non flow-through unit consists of one common share and one share purchase warrant exercisable at $0.15 for a two-year period [2] - Each flow-through unit consists of one flow-through common share and one share purchase warrant exercisable at $0.20 for a two-year period [3] Group 2: Finder's Fees and Warrants - The company paid a total of $16,450 in cash and issued 155,426 finder's warrants to eligible finders [4] - The finder's warrants include 25,926 exercisable at $0.135 and 129,500 exercisable at $0.10, both for up to two years [4] Group 3: Regulatory and Tax Considerations - All securities issued are subject to a hold period of four months and one day from the date of issuance [5] - The flow-through shares will qualify as "flow-through shares" under the Income Tax Act (Canada) and will be used to incur "Canadian exploration expense" [5] Group 4: Company Focus - Omega Pacific is focusing its resources on the Williams Property after terminating its option agreement for the Lekcin property [6] - The Williams Property is located in BC's Toodoggone District, which is gaining attention from major mining companies [7] - In 2024, Omega Pacific discovered a significant bulk tonnage gold system at the GIC Prospect on the Williams Property [7]
Drilling Underway at Silver North's Flagship Haldane Silver Property, Yukon
Thenewswire· 2025-08-15 12:00
Core Viewpoint - Silver North Resources Ltd. has launched its 2025 exploration program at the Haldane Silver Property, aiming to expand on previous discoveries and assess the potential for high-grade silver-lead-zinc mineralization [1][2]. Exploration Program Details - The 2025 program includes plans for 10 drill holes totaling approximately 2,500 meters, focusing on the newly identified Main Fault target [1][2]. - The initial drilling will test the continuity of mineralization approximately 60 meters down dip from the 2024 intersections, with additional holes planned to assess strike and depth continuity [2][4]. - The program is expected to be completed by the end of October 2025 [3]. Mineralization Highlights - Previous drilling at the Main Fault has revealed high-grade mineralization, including intersections of 1.83 meters at 1,088 g/t silver and wider zones such as 5.8 meters at 365 g/t silver [2][4]. - The Main Zone has demonstrated strong potential with high grades and large widths of mineralization, indicating a promising area for further exploration [2]. Company Background - Silver North Resources Ltd. owns the Haldane Silver Project, located adjacent to Hecla Mining's Keno Hill Mine, and is also involved in other projects in the Silvertip/Midway District [7]. - The company is listed on the TSX Venture Exchange under the symbol "SNAG" and trades on the OTCQB market in the United States under "TARSF" [8].
Lancaster Resources Commences Field Work for Maiden NI 43-101 Technical Report at Lake Cargelligo Gold Project, Australia
Globenewswire· 2025-08-14 16:21
Core Viewpoint - Lancaster Resources Inc. has initiated desk and field work at its 100%-owned Lake Cargelligo Gold Project in New South Wales, Australia, marking a significant step towards completing its maiden National Instrument 43-101 Technical Report, which is essential for advancing the project [1][3]. Group 1: Project Details - The Lake Cargelligo Project spans 28,768 hectares and is strategically located in the Lachlan Fold Belt, known for its historical high-grade gold and silver occurrences [2]. - Initial field activities will involve geological mapping and rock chip sampling to refine exploration targets and prepare for a focused drilling program [2]. Group 2: Historical Results and Future Plans - Historical work on the project has yielded impressive results, including rock chip samples with grades up to 204 g/t Au and 273 g/t Ag, and channel sampling intercepts of up to 16m at 5.83 g/t Au and 7.20 g/t Ag [8]. - The company aims to complete the NI 43-101 Technical Report by August 31, 2025, which will serve as a foundation for systematic exploration and resource definition [3]. Group 3: Investor Relations - Lancaster Resources has engaged Ora IR Services Inc. for investor relations support, granting them 1,800,000 stock options at an exercise price of $0.10 per share, with anticipated monthly cash compensation between $10,000 and $20,000 [4]. Group 4: Company Overview - Lancaster Resources Inc. is focused on building a portfolio of exploration assets, holding interests in various projects including the Piney Lake Gold Project in Saskatchewan and uranium projects in the Athabasca Basin, in addition to the Lake Cargelligo Gold Project [6].
Hi-View Acquires Two New Toodoggone Projects
Thenewswire· 2025-08-13 07:01
Core Viewpoint - Hi-View Resources Inc. has entered into a property sale agreement to acquire a 100% interest in the Saunders and Nub projects from Eagle Plains Resources Ltd. for a total consideration of CAN$70,000 cash, 350,000 shares, and a 3% Net Smelter Royalty [1] Group 1: Acquisition Details - The total purchase price for the Saunders and Nub projects includes CAN$70,000 in cash, 350,000 shares of Hi-View, and a 3% Net Smelter Royalty in favor of Eagle Plains [1] - Hi-View has the option to acquire an additional 2% of the Net Smelter Royalty for CAN$2,500,000 in cash payments [1] Group 2: Project Locations and Geological Context - The Saunders and Nub projects are located approximately 300 km northeast of Smithers, BC, and 30 km north of the Kemess Cu-Au mine, which is operated by Centerra Gold [4] - The Saunders property is strategically situated along a geological corridor known for high-grade gold-copper deposits, including past-producing mines and advanced-stage exploration projects [4] - The Nub project is surrounded by the JOY project operated by Amarc Resources, which is interpreted as the northern extension of the Kemess porphyry Cu-Au district [6] Group 3: Geological Potential - The Saunders property covers 209.6 hectares and is associated with quartz veins and stringers, with historical samples reporting up to 1.42 g/t Au and 11.7 g/t Ag [5] - The Nub project spans 873.9 hectares and features a high-priority exploration target identified by a magnetic anomaly, coinciding with anomalous copper in soil geochemistry [6] Group 4: Company Overview - Hi-View Resources Inc. is focused on mineral exploration targeting gold, silver, and copper in the Toodoggone region of northern British Columbia, with properties covering 9,749 hectares [8] - The company’s Golden Stranger project is fully permitted with 45 drill-ready sites, and historical drilling highlights include 10 meters at 11.55 g/t gold [8]
Prospector Signs Definitive Agreement to Option Savant Gold Project to BeMetals Corp.
Newsfile· 2025-08-12 11:00
Highlights of the Agreement Prospector expects to work closely with BeMetals in the coming weeks to design the 2025 exploration program with the aim to identify and prioritize drill targets for a subsequent initial drilling campaign in 2026. Vancouver, British Columbia--(Newsfile Corp. - August 12, 2025) - Prospector Metals Corp. (TSXV: PPP) (OTCQB: PMCOF) (FSE: 1ET) ("Prospector" or the "Company") is pleased to announce that it has signed a definitive option agreement (the "Agreement") with BeMetals Corp. ...
K92 Mining Announces Q2 2025 Financial Results – Commissioning of Stage 3 1.2 mtpa Process Plant on Track for Completion in First Half of Q4 2025
Globenewswire· 2025-08-11 10:30
Core Viewpoint - K92 Mining Inc. reported strong financial and operational results for Q2 2025, with significant increases in production, revenue, and net income, positioning the company well for future growth and expansion [1][5][8]. Production - The company produced 34,816 ounces of gold equivalent (AuEq), which includes 32,375 ounces of gold, 1,536,505 pounds of copper, and 42,824 ounces of silver, marking a 43% increase from Q2 2024 [5][11]. - The first half of 2025 saw a total production of 82,633 ounces AuEq, exceeding budget expectations, with the second half anticipated to be the strongest [5][8]. - The head grade was reported at 8.9 grams per tonne (g/t) AuEq, with strong metallurgical recoveries of 93.3% for gold and 94.9% for copper [5][11]. Financials - Quarterly revenue reached $96.3 million, a 102% increase from Q2 2024, while net income was $39.2 million, representing a 539% increase [5][11]. - Operating cash flow for the quarter was $47.0 million, with EBITDA of $59.7 million [5][11]. - The company reported a record cash position of $182.9 million, including a net cash position of $123.8 million [5][8]. Growth - K92 is advancing its Stage 3 Expansion, with 86% of the growth capital either spent or committed as of June 30, 2025 [5][8]. - The commissioning of the new 1.2 million tonnes-per-annum Stage 3 Process Plant commenced in June 2025, with completion expected in Q4 2025 [5][7]. - Exploration activities are increasing, with multiple drill rigs operating at various sites, indicating a focus on expanding mineral resources [9]. Exploration - Significant high-grade intercepts were reported from the Kora and Judd deposits, indicating potential for near-term bulk mining [5][10]. - Notable intersections include 12.80 meters at 31.89 g/t AuEq from the K2 Vein, highlighting the potential for further resource expansion [5][10].
Kobrea Significantly Expands El Perdido Porphyry Target - Mendoza Province, Argentina
Newsfile· 2025-08-06 12:00
Vancouver, British Columbia--(Newsfile Corp. - August 6, 2025) - Kobrea Exploration Corp. (CSE: KBX) (FSE: F3I) (OTCQB: KBXFF) ("Kobrea" or the "Company") presents results of airborne magnetometry and ASTER analysis at the El Perdido porphyry system within the Company's Western Malargüe Copper Projects (the "Property"). The 6,878-hectare El Perdido Project is host to a porphyry Cu-Au-Mo system that has been defined at surface but has not seen any drilling to date. Kobrea holds the right to earn a 100% inter ...
Talon Metals Reports Third Intercept of Massive and Mixed Massive Nickel Mineralization Drilled 26 Meters from Recent Discovery Hole at Tamarack Supporting Lateral Continuity
Newsfile· 2025-08-06 11:30
Core Viewpoint - Talon Metals Corp. has reported significant progress in its drilling program at the Tamarack Nickel-Copper-Cobalt Project, particularly with the discovery of the "Vault Zone," which shows promising mineralization and continuity in nickel deposits [1][3]. Drilling Results - The third drill hole, 25TK0565, intercepted 20.3 meters of mixed and massive nickel mineralization starting at a depth of 672.10 meters, located 26 meters northwest of a previous high-grade intercept in drill hole 16TK0250, which graded 12.62% Ni, 13.88% Cu, and 0.12% Co [4][9]. - The cumulative length of the mineralization in drill hole 25TK0565 is 34.77 meters, with assay results pending [4][9]. Geological Insights - The mineralization in the Vault Zone is believed to be formed through a drainage model, indicating a potential for hypogene enrichment, which can enhance copper content and overall mineralization value [4][9]. - The geological setting of the new discoveries suggests an accumulation of massive sulphides with the highest recorded nickel and copper tenor in the Tamarack Intrusive Complex [9][15]. Directional Drilling Program - A directional drilling program has commenced, utilizing two drill pads and two rigs, with plans for five wedge holes targeting Talon-generated borehole electromagnetic (BHEM) anomalies [10][11]. - The BHEM anomalies associated with previous drill holes indicate a complex network of conductive zones, guiding the current drilling efforts [11][10]. Collaboration and Agreements - Talon has extended its exclusivity period with Lundin Mining Corporation until August 31, 2025, as they work on agreements for Lundin to potentially acquire up to a 70% interest in nearby exploration targets [18]. - The company is actively drilling at the Boulderdash site and plans to mobilize additional rigs for further exploration [19]. Financial Support - Talon has received significant funding, including a US$114.8 million grant from the US Department of Energy and a US$20.6 million grant from the US Department of Defense to support exploration efforts in Minnesota and Michigan [24]. Company Overview - Talon Metals Corp. is a TSX-listed base metals company focused on expanding its high-grade nickel mineralization resource at the Tamarack Nickel-Copper-Cobalt Project, which spans over 400,000 acres [23].
Midnight Sun Initiates Drilling at Flagship Dumbwa Target
Newsfile· 2025-08-06 10:30
Midnight Sun Initiates Drilling at Flagship Dumbwa Target The program marks the first systematic drill program carried out across Dumbwa - following up on the ~20-kilometre Dumbwa copper- in-soil anomaly and recent dipole-dipole IP Survey. The drill program has begun with one diamond drill rig, and a second drill is en route and scheduled to arrive on site shortly to expedite the program. Midnight Sun's COO, Kevin Bonel, states: "When I first visited Dumbwa almost two years ago, it immediately brought to mi ...
Vanguard Mining Announces Closing of Private Placement of Units
Thenewswire· 2025-08-01 22:00
Core Viewpoint - Vanguard Mining Corp. has successfully closed a non-brokered private placement of units, raising gross proceeds of $1,924,444.65 for exploration and working capital purposes [1][4]. Group 1: Offering Details - The LIFE Units were priced at $0.15 each, consisting of one common share and one-half of a transferable common share purchase warrant [1]. - Each whole LIFE Warrant allows the holder to purchase an additional share at $0.22 for 18 months, with an acceleration clause if the share price exceeds $0.32 for five consecutive trading days [1]. - The offering was made under the Listed Issuer Financing Exemption, allowing sales to purchasers in all Canadian provinces except Quebec, with no hold period for the securities [2]. Group 2: Financial Aspects - The company paid a finder fee of $131,755.60 and issued 878,371 non-transferable finders' warrants, each allowing the purchase of a common share at $0.22 for 18 months [3]. - The proceeds from the offering will be allocated to exploration programs on mineral properties and general working capital [4]. Group 3: Company Overview - Vanguard Mining Corp. is focused on discovering and developing strategic minerals, particularly uranium, in the U.S. and Paraguay [6]. - The company aims to identify and develop assets critical to the global energy transition, emphasizing responsible exploration and value creation [6].