Preliminary Economic Assessment
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Minnova Corp. PL Gold Mine Re-Start Plan, In-Fill Drill Program Update, and Option Grant
Newsfile· 2025-10-21 11:30
Core Viewpoint - Minnova Corp. is advancing its PL Gold Mine restart plan, focusing on transitioning from open pit to underground mining operations, with a Preliminary Economic Assessment (PEA) expected by Q1 2026 and a full Feasibility Study by Q3 2026 [2][5][13] PL Gold Mine Restart Plan Update - A&B Global Mining has completed a mine development concept study for the PL Gold Mine, aiming for an open pit operation before moving underground [2] - A PEA will be conducted based on an updated Mineral Resource Estimate (MRE), expected to be completed by the end of Q1 2026 [2][4] Mineral Resource Estimate (MRE) - The existing MRE (as of November 1, 2017) estimates 282,500 ounces of gold in 1,481,000 tonnes at a grade of 5.93 g/t and 301,700 ounces in 1,846,000 tonnes at 5.08 g/t, based on a gold price of US$1,250 per ounce [3] - The first MRE update will incorporate historical drilling results and current drill program results up to the end of November 2025, while the second update will include results up to April 2026 [3] Economic Assessment - The PEA will evaluate a restart using open pit mining methods at a throughput rate of 1,000 tonnes per day, with a base case gold price of US$2,500 per ounce [4] Drilling Program Update - A Phase 1 drill program of 1,500 meters has been initiated, followed by an expanded Phase 2 program of 15,000 meters to achieve sub-25 meter spacing on mineralized structures [9] - The drilling aims to provide critical data for updating the MREs and validating mining methods [9] Environmental Compliance - AECOM has been engaged to assist with environmental compliance and permitting for the PL Gold Mine, including amendments to existing permits for the new open pit development plan [6] Option Grant - The board of directors has approved an option grant of 2,500,000 options to purchase common shares at a price of $0.30 per share, with immediate vesting [11]
Radisson Expands Ongoing Step-Out Drill Program at O'Brien to 140,000 Metres
Newsfile· 2025-10-16 10:30
Core Viewpoint - Radisson Mining Resources Inc. is expanding its exploration drill program at the O'Brien Gold Project to 140,000 metres, utilizing up to eight drill rigs, aiming to delineate new high-grade gold mineralization beyond the current Mineral Resource Estimate [1][2][6]. Exploration Program Expansion - The ongoing step-out exploration drill program will increase from an initial 50-60,000 metres to 140,000 metres, marking the largest drill program in the history of the O'Brien Gold Project [1][6]. - The program will continue through 2026 and is expected to generate significant new data and updates to the Project's Mineral Resource Estimate [2][6]. Financial Backing - The expansion follows a successful financing round that raised $25 million, enabling the company to increase the scope and ambition of its exploration efforts [2]. Exploration Targets - The Exploration Target at O'Brien is estimated to be between 3 and 4 million ounces of gold, with a grade range of 4.5 to 8.0 grams per tonne [2]. - Recent drilling has confirmed high-grade mineralization at depths of up to 2 kilometres, with significant intersections reported, including 31.24 g/t Au over 8.0 metres [3][5]. Preliminary Economic Assessment - The recently completed Preliminary Economic Assessment (PEA) indicates a high-value project with reduced capital costs and development risks due to the use of nearby milling facilities [2][14]. - The current Mineral Resource Estimate includes Indicated Mineral Resources of 0.58 million ounces and Inferred Mineral Resources of 0.93 million ounces, based on drilling completed to the end of 2022 [8][14]. Geological Context - Gold mineralization at O'Brien is associated with quartz-sulphide veins within volcanic and sedimentary rock formations, typically occurring in narrow, high-grade shoots [9][10][11]. - The historic O'Brien mine produced over half a million ounces of gold at an average grade exceeding 15 g/t Au, indicating the potential for significant resource growth [11].
Eloro Resources Ltd. Intersects the Longest Zinc Interval to Date at its Iska Iska Project, Potosí Department, Bolivia with 456 Metres Grading 1.72% Zn including 190.5m grading 2.35% Zn in Hole DSB-88
Globenewswire· 2025-10-09 11:00
Core Viewpoint - Eloro Resources Ltd. has announced promising assay results from two step-out drill holes in the Santa Barbara zone, indicating the potential for resource expansion and upgrading ahead of a Preliminary Economic Assessment (PEA) [2][4]. Summary by Relevant Sections Drill Results - The company has completed a total of 6,756 meters of diamond drilling in fourteen holes, with 3,371 meters reported from seven holes, and assay results pending for one remaining hole [2]. - Significant intersections include: - Hole DSB-88: 1.72% Zn over 456 meters, including 2.35% Zn over 190.5 meters [8]. - Hole DSB-89: 24.51 g/t Ag and 1.27% Zn over 154.5 meters, with notable intervals of 74.64 g/t Ag over 13.5 meters [8][9]. Mineral Resource Expansion - The recent drill results are expected to infill areas previously classified as waste in the Mineral Resource Estimate (MRE), contributing to both resource expansion and upgrading [4]. - The definition drill program has successfully extended the footprint of higher-grade domains, indicating the presence of two significant near-surface mineral deposits that could be mined from a single starter pit [4][32]. Technical Insights - The drill holes DSB-88 and DSB-89 were strategically placed to explore the southeastern margin of the potential starter pit area, with DSB-88 being a step-out hole located 310 meters northeast of DSB-87 [5][6]. - The results from DSB-88 and DSB-89 are among the most robust mineralized intersections recorded in the definition drill program, reinforcing the exploration strategy of the technical team [4][6]. Project Background - The Iska Iska project is a significant silver-tin polymetallic complex located in southern Bolivia, with Eloro holding an option to earn a 100% interest [18][19]. - The project is characterized by a major silver-tin polymetallic porphyry-epithermal complex, with mineralization similar to other significant deposits in the region [19][33].
Western Exploration Files Amended NI 43-101 Technical Report for the AURA Gold Silver Project
Newsfile· 2025-10-01 21:00
Core Insights - Western Exploration Inc. has filed an amended technical report for the Aura Gold-Silver Project, which includes a revised all-in sustaining cost for the "Base Case" from $1,152 to $1,172 per gold ounce, with no impact on capital costs or economic results [1][5]. Summary by Sections Technical Report Filing - The amended technical report, titled "Preliminary Economic Assessment of the Doby George Deposits and Updated Resource Estimate for the Gravel Creek Gold-Silver Deposits," was filed on SEDAR+ and is effective as of June 17, 2025 [2]. - This report supersedes all previous technical reports for the Aura Project, including the initial technical report dated June 17, 2025 [2]. Economic Assessment - The amended report confirms the economic assessment results from the initial technical report and the previous news releases, with no changes to the underlying inputs or economic outcomes [3][5]. - Key economic metrics for the Doby George 2025 PEA include: - Base Case Gold Price: $2,150 per ounce - Average Annual Operating Cash Flow: $63.3 million - Pre-Tax NCF: $132.4 million - Pre-Tax NPV5: $94.7 million - Pre-Tax IRR: 31.8% [4]. Project Costs - The project capital costs are detailed as follows: - Pre-Production Costs: $127.6 million - LOM Sustaining Costs: $10.5 million [6]. - Operating costs are summarized as: - Total LOM Operating Costs: $253.6 million - Per Tonne Processed: $22.24 [7]. Technical Information - The mineral resource estimate was prepared by qualified persons from RESPEC and KCA, ensuring compliance with NI 43-101 standards [8][9]. - The Aura Project includes three deposits: Doby George, Gravel Creek, and Wood Gulch, located approximately 120 kilometers north of Elko, Nevada [10].
Doubleview Gold Corp Announces Increased Footprint and Potential Volume at Its Hat Polymetallic Deposit in Northwestern British Columbia
Newsfile· 2025-10-01 11:45
Core Insights - Doubleview Gold Corp. has announced significant assay results from recent drill holes at its Hat Project, indicating an increased footprint and potential volume of the polymetallic deposit in Northwestern British Columbia [2][5][18] Summary by Sections Assay Results - Recent drill holes H093, H094, H095, and H096 have shown promising results, with significant copper equivalent (CuEq) values reported [3][5] - Notable intercepts include: - H093: 640.7m with 0.34% CuEq, including 133m with 1.03% CuEq [5] - H094: 510.0m with 0.22% CuEq [5] - H095: 110m with 0.91% CuEq [5] - H096: 681.4m with 0.37% CuEq, including 71.0m with 1.01% CuEq [5] Expansion of Mineralized Zone - The drilling results have expanded the apparent volume of the mineralized zone, extending beyond the previously outlined conceptual pit wall [5][12] - The footprint of the deposit has increased by approximately 400m x 330m [5][12] Future Assessments - The results will be incorporated into the ongoing Preliminary Economic Assessment (PEA) and a revised Mineral Resource Estimate (MRE) [5][18] - Additional assay data is expected to be released soon as drilling continues [5][18] Company Overview - Doubleview Gold Corp. is focused on the exploration and development of critical minerals, including copper, gold, cobalt, and scandium [25][27] - The Hat Deposit is recognized as a significant source of critical minerals in the region, with a resource estimate indicating substantial tonnage and metal content [27][28]
SONORO GOLD PROVIDES CORPORATE UPDATE
Globenewswire· 2025-09-30 12:00
Core Insights - Sonoro Gold Corp. is providing a corporate update on its mineral projects in Sonora, Mexico, specifically focusing on the Cerro Caliche Gold project and the San Marcial Gold-Silver project [1] Cerro Caliche Gold Project - The company plans to commission an updated Preliminary Economic Assessment (PEA) for the Cerro Caliche Gold project, which is currently in the permitting phase for an open pit, heap leach mining operation [2] - The current PEA, filed in August 2023, outlines a 9-year mining operation at a rate of 12,000 metric tonnes per day, based on a gold price of US $1,800 per ounce [2] - The updated PEA will incorporate a higher gold price, increased capital and operating cost estimates, and a revised mine plan aligned with recent updates to the Environmental Impact Statement (MIA) [3] - Sonoro holds 100% of the concession rights for the Cerro Caliche project and has secured surface rights covering an initial 3,908 hectares through an agreement with the owner of the Cerro Prieto Ranch [4] - By September 1, 2028, the surface rights will expand to cover the entire 5,007-hectare Cerro Prieto Ranch, including rights to the neighboring Cerro Prieto mine [5] - The updated PEA will be based on data from 55,360 meters of drilling, with assays reporting on approximately 30% of the identified mineralized zones [6] - Future drilling campaigns will aim to expand the resource estimate and extend the mine life, with the updated PEA expected to be completed by the first quarter of 2026 [8] San Marcial Gold-Silver Project - The company is considering a strategic reorganization, including a potential spin-out of the San Marcial gold-silver project into a wholly owned subsidiary, Oronos Gold Corp. [9] - If the spin-out occurs, Sonoro shareholders would own shares in both Sonoro and Oronos, with Sonoro focusing on Cerro Caliche and Oronos on San Marcial [10] - The San Marcial project consists of four contiguous mining concessions and was acquired in 2014, with 100% title held through its subsidiary [11] - Previous exploration revealed anomalous zones with gold and silver mineralization, suggesting potential for large mineralization [12] - The strategic reorganization aims to unlock unrecognized value in the San Marcial project and fund its development without diluting Sonoro shareholders' holdings [13]
NevGold Announces Updated Open-Pit, Heap-Leach Gold Mineral Resource Including 1,186,000 ozs Indicated and 548,000 ozs Inferred At Nutmeg Mountain in Idaho
Globenewswire· 2025-09-18 12:00
Core Viewpoint - NevGold Corp. announced an updated Mineral Resource Estimate (MRE) for the Nutmeg Mountain gold project in Idaho, highlighting the project's quality and growth potential in a favorable mining jurisdiction [1][3]. Summary by Relevant Sections Mineral Resource Estimate - The updated MRE indicates a total of 1.19 million ounces of Indicated Resources at a grade of 0.50 g/t Au and 548,000 ounces of Inferred Resources at a grade of 0.34 g/t Au [5]. - Compared to the 2023 MRE, the indicated tonnage increased by over 18% and inferred tonnage increased by over 100% [5]. - The mineralization starts at surface with a low strip ratio expected to be less than 1:1, which is advantageous for an open-pit, oxide, heap-leach gold project [5]. Project Details - Nutmeg Mountain is located in southwest Idaho, covering approximately 1,724 hectares, and consists of 210 federal unpatented claims, 12 patented claims, and 2 private leases [12]. - The project has a total of 940 drill holes, amounting to over 71,625 meters of drilling [12]. Future Plans - The company plans to conduct further metallurgical testwork and advance to a Preliminary Economic Assessment (PEA) to progress the project [5][14]. - High-priority drill targets have been identified for future exploration, focusing on both surface and deeper mineralization [14]. Geology and Mineralization - The Nutmeg Mountain deposit is characterized as a low-sulphidation epithermal gold deposit, with significant mineralization associated with hydrothermal brecciation and veining [15][16]. - The Main Zone contains the majority of the gold resources, with potential for vertical expansion through deeper drilling [17]. Environmental and Governance Initiatives - The company is exploring alternative energy sources such as geothermal, solar, and wind power to reduce the carbon footprint of the project [23]. Technical Reporting - A technical report on the updated MRE will be prepared in accordance with NI 43-101 standards and will be available on the company's website and SEDAR+ within 45 days of the announcement [26].
CEO.CA's Inside the Boardroom: High-Grade Gold Underpins Strong Returns in Amex Exploration's Updated PEA on Perron Project
Newsfile· 2025-09-17 16:33
CEO.CA's Inside the Boardroom: High-Grade Gold Underpins Strong Returns in Amex Exploration's Updated PEA on Perron ProjectSeptember 17, 2025 12:33 PM EDT | Source: CEO.CA Technologies Ltd.Toronto, Ontario--(Newsfile Corp. - September 17, 2025) - CEO.CA ("CEO.CA"), the leading investor social network in junior resource and venture stocks, shares exclusive updates with CEOs of junior mining explorers.Founded in 2012, CEO.CA, a wholly owned subsidiary of EarthLabs, Inc., is one of the most popul ...
Gunnison Copper Corp. Presents in Red Cloud's Virtual Webinar Series
Newsfile· 2025-09-12 10:30
Core Insights - Gunnison Copper Corp. is hosting a live virtual corporate update on September 15, 2025, at 2:00 PM ET, inviting shareholders and interested parties to participate [1][2] - The update will cover key developments including the first copper production at Johnson Camp Mine, the robust Preliminary Economic Assessment (PEA) of the Gunnison Project, and exploration potential in the Cochise Mining District [3] Company Overview - Gunnison Copper Corp. is a multi-asset pure-play copper developer and producer, controlling the Cochise Mining District with 12 known deposits within an 8 km economic radius in Southern Arizona [3] - The flagship Gunnison Copper Project has a Measured and Indicated Mineral Resource of over 831.6 million tons with a total copper grade of 0.31%, including 191.3 million tons at 0.37% and 640.2 million tons at 0.29% [3] - The PEA for the Gunnison Project indicates an NPV8% of $1.3 billion, an IRR of 20.9%, and a payback period of 4.1 years, with the project being developed as a conventional operation [3] Production and Assets - The Johnson Camp Asset is now in production, fully funded by Nuton LLC, a Rio Tinto Venture, with a production capacity of up to 25 million lbs of finished copper cathode annually [3] - Other significant deposits in the district, such as Strong and Harris, South Star, and eight additional deposits, have the potential to serve as economic satellite feeder deposits for the Gunnison Project [3] Industry Context - The update will emphasize the importance of "Made-in-America" copper, highlighting its relevance in the current market [3]
G2 Goldfields Announces C$49.5 Million Private Placement
Globenewswire· 2025-09-11 21:40
Core Viewpoint - G2 Goldfields Inc. has announced a non-brokered private placement of up to 15 million common shares at a price of C$3.30 per share, aiming to raise up to C$49.5 million for exploration and development in Guyana [1][2]. Group 1: Offering Details - The Offering is fully subscribed and expected to close in September 2025, pending customary conditions including Toronto Stock Exchange approval [2]. - Insiders are expected to subscribe for 325,000 shares, contributing C$1,072,500 to the gross proceeds [3]. - The Offering qualifies as a "related party transaction" under Multilateral Instrument 61-101, exempting the company from formal valuation and minority shareholder approval due to the participation not exceeding 25% of market capitalization [3]. Group 2: Financial Position and Future Plans - The CEO of G2 Goldfields emphasized that the Offering strengthens the company's financial position ahead of key milestones in Q4 2025, including an updated Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA) [3]. - The company has a legacy of discovering over 10 million ounces of gold in the Guiana Shield and continues to explore the potential of its mineral properties [4]. Group 3: Mineral Resource Estimate Highlights - The updated MRE for the Oko property includes: - 97,200 ounces of gold inferred within 4,976,000 tonnes at 0.61 g/t Au [4]. - 513,500 ounces of gold inferred within 3,473,000 tonnes at 4.60 g/t Au [6]. - 808,000 ounces of gold indicated within 3,147,000 tonnes at 7.98 g/t Au [6]. - 1,024,500 ounces of gold inferred within 12,062,000 tonnes at 2.64 g/t Au [6]. - 663,400 ounces of gold indicated within 10,288,000 tonnes at 2.01 g/t Au [6].