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REPEAT - QGold Resources Delivers Transformational Year With Quartz Mountain Gold Project Acquisition, $11.5m Financing, and Updated Mineral Resource Estimate; Advances 2026 Development Strategy
Globenewswire· 2025-12-22 12:30
Core Insights - Q-Gold Resources Ltd. has made significant progress in 2025, including the acquisition of the Quartz Mountain Gold Project and securing $11.5 million in financing, positioning the company for growth in 2026 [2][3][4]. Financial Overview - The company successfully closed a private placement financing for gross proceeds of $11.5 million, which will be used for advancing work streams across its gold projects [3]. - The financing included a 15% overallotment and was facilitated by BMO Capital Markets [3]. Project Acquisition and Development - Q-Gold acquired the Quartz Mountain Gold Project from Alamos Gold Inc., which includes two properties totaling approximately 4,823 acres in Oregon's gold belt [4][5]. - The project benefits from over 90,000 meters of historical drilling and extensive geological data, enhancing its potential for resource development [5]. Mineral Resource Estimate - An updated mineral resource estimate for the Quartz Mountain Gold Project was disclosed, indicating 1.543 million ounces of gold at a grade of 0.96 g/t and 2.049 million ounces of silver at 1.27 g/t in the indicated category [15][29]. - The project is amenable to conventional open-pit mining methods, which supports its economic viability [15]. Economic Assessment and Technical Studies - Q-Gold has engaged Kappes, Cassiday & Associates to conduct a Preliminary Economic Assessment (PEA) for the Quartz Mountain Gold Project, expected to be completed in Q2 2026 [9][10]. - The PEA will evaluate mining methods, processing options, capital and operating costs, and projected financial returns [9]. Permitting and Environmental Studies - The company has engaged SLR International to advance environmental studies and permitting applications for the Quartz Mountain Gold Project, ensuring efficient project development timelines [16][17]. - Early-stage permitting work is progressing alongside technical studies to streamline the approval process [16]. Exploration Activities - Q-Gold completed two drill campaigns at the Mine Centre Gold Project in Ontario, focusing on high-priority targets to expand its understanding of the project's gold potential [12][14]. - The company plans to initiate exploration activities at both the Quartz Mountain and Angel's Camp portions of the project in 2026 [23]. Strategic Leadership - The board of directors has been strengthened with the addition of industry leaders Scott Parsons and Jamsheed Mehta, enhancing the company's strategic guidance and capital markets relationships [18][20][22]. Future Priorities - Key priorities for 2026 include completing the PEA, advancing initial exploration permits, and conducting metallurgical drilling programs to support feasibility studies [23][26]. - The company aims to enhance shareholder value through systematic project advancement and responsible exploration practices [24].
QGold Resources Delivers Transformational Year With Quartz Mountain Gold Project Acquisition, $11.5m Financing, and Updated Mineral Resource Estimate; Advances 2026 Development Strategy
Globenewswire· 2025-12-19 23:00
Core Insights - Q-Gold Resources Ltd. has made significant progress in 2025, including the acquisition of the Quartz Mountain Gold Project and securing $11.5 million in financing, positioning the company for growth in 2026 [2][3][4]. Financial Overview - The company successfully closed a private placement financing for gross proceeds of $11.5 million, which will be used for advancing work on both the Quartz Mountain and Mine Centre gold projects [3]. - The financing included a 15% overallotment and was facilitated by BMO Capital Markets [3]. Project Acquisition and Development - Q-Gold acquired the Quartz Mountain Gold Project from Alamos Gold Inc., which includes two properties totaling approximately 4,823 acres in Oregon's gold belt [4][5]. - The project benefits from over 90,000 meters of historical drilling and extensive geological data, enhancing its potential for resource development [5]. Mineral Resource Estimate - An updated mineral resource estimate for the Quartz Mountain Gold Project was disclosed, indicating 1.543 million ounces of gold at a grade of 0.96 g/t and 2.049 million ounces of silver at a grade of 1.27 g/t within the indicated category [15][29]. - An additional 148,000 ounces of gold at 0.77 g/t and 135,000 ounces of silver at 0.70 g/t were reported in the inferred category [15][29]. Economic Assessment and Technical Studies - The company has engaged Kappes, Cassiday & Associates to conduct a Preliminary Economic Assessment (PEA) for the Quartz Mountain Gold Project, expected to be completed in Q2 2026 [9][10]. - The PEA will evaluate mining methods, processing options, capital and operating costs, and overall project economics [9][10]. Permitting and Environmental Studies - Q-Gold has engaged SLR International Corporation to advance environmental studies and permitting applications for the Quartz Mountain Gold Project, ensuring efficient project development timelines [16][17]. - Early-stage permitting work is progressing alongside technical studies to streamline the approval process [16][17]. Exploration Activities - The company completed two drill campaigns at the Mine Centre Gold Project in Ontario, focusing on high-priority targets to expand its understanding of the project's gold potential [12][14]. - A robust exploration program is planned for 2026, including targeted fieldwork and drilling at both the Quartz Mountain and Angel's Camp portions of the project [23][24]. Strategic Board Enhancements - Q-Gold strengthened its board by adding industry leaders Scott Parsons and Jamsheed Mehta, enhancing the company's strategic guidance and capital markets relationships [18][20][22]. Future Catalysts - Key priorities for 2026 include completing the PEA, advancing initial exploration permits, and initiating exploration activities at both Quartz Mountain and Angel's Camp [23][24]. - The company aims to deliver multiple catalysts that highlight the project's potential and position Q-Gold as an emerging North American gold developer [24].
Aya Gold & Silver Files Preliminary Economic Assessment Technical Report for Boumadine Project
Globenewswire· 2025-12-18 12:00
Core Viewpoint - Aya Gold & Silver Inc. has filed a Preliminary Economic Assessment (PEA) for the Boumadine Polymetallic Project in Morocco, indicating a promising development-stage project with significant economic potential [1][2]. PEA Highlights - The PEA outlines a district-scale project featuring a flexible open-pit and underground mining plan, with a conventional flotation plant producing three payable concentrates: zinc, lead, and pyrite. The project has an estimated mine life of 11 years, with revenues primarily driven by precious metals [2]. Project Economics - The PEA includes a sensitivity analysis reflecting +/- 25% variations to the Base Case scenario, showing significant changes in Net Present Value (NPV) and Internal Rate of Return (IRR) based on different gold and silver price scenarios [4]. - Under the Base Case, the post-tax NPV5% is estimated at $1.5 billion with a 47% IRR and a payback period of 2.1 years. In a Spot Price scenario, the post-tax NPV5% could reach $3.0 billion with a 77% IRR and a payback period of 1.2 years [6]. Production and Cost Metrics - Average annual production is projected at 401 thousand ounces of gold-equivalent in the first five years, with a total of 328 thousand ounces of gold-equivalent per year over the life of the mine. The initial capital cost is estimated at $446 million, with cash costs of $928 per ounce of gold-equivalent and all-in sustaining costs (AISC) of $1,021 per ounce [6][7]. Permitting and Future Plans - The project has an existing mining license, and a feasibility study is targeted for completion in late 2027, indicating a structured approach towards advancing the project [6]. Company Overview - Aya Gold & Silver Inc. is a rapidly growing silver producer based in Canada, operating in Morocco. It is the only TSX-listed pure silver mining company and is focused on maximizing shareholder value through sustainable practices [10][11].
Lahontan Commences Drilling at West Santa Fe
Accessnewswire· 2025-12-16 12:30
Core Viewpoint - Lahontan Gold Corp. has initiated drilling at its West Santa Fe project, aiming to validate historic drill data and enhance its resource estimates for future development [1][3]. Group 1: West Santa Fe Project - The company has commenced its first drilling campaign at the West Santa Fe project, located 13 km from its flagship Santa Fe Mine [1]. - The initial drilling will focus on "twining" historic drill holes from the 1980s to confirm the validity of the existing drill hole database [1]. - Previous operators conducted 171 drill holes totaling 13,107 meters at West Santa Fe between 1980 and 1995, which may be utilized in future Mineral Resource Estimates (MRE) [1]. Group 2: Santa Fe Mine Project - Lahontan has completed its 2025 Phase Two drilling program at the Santa Fe Mine, executing twenty reverse-circulation drill holes in the Slab and York Resource areas [2]. - The drilling aimed to expand gold and silver resources at depth below the south end of the Slab pit and to grow mineral resources in the York area [2]. - The completed drill holes in the Slab area reached depths of up to 194 meters, remaining in oxidized and hydrothermally altered rock [2]. Group 3: Future Plans and Resource Estimates - The company plans to update the Santa Fe Mine MRE in early 2026, incorporating new drill hole data into a Preliminary Economic Assessment in the first half of 2026 [3]. - Since 2021, Lahontan has completed 99 diamond and reverse-circulation drill holes totaling 22,431 meters at the Santa Fe Mine, with 2025 marking the largest number of drill holes completed in a single year [3]. - The Santa Fe Mine project has a compliant Indicated Mineral Resource of 1,539,000 ounces of gold equivalent and an Inferred Mineral Resource of 411,000 ounces of gold equivalent [4].
DLP Resources Announces Intersection of 260.50m of 1.02% CuEq* Within 866.95m Interval of 0.55% CuEq*, on the Aurora Project
Newsfile· 2025-12-11 11:00
Core Viewpoint - DLP Resources Inc. has announced significant drill results from the Aurora Project, indicating successful mineralization of copper, molybdenum, and silver, with plans to update the Mineral Resource estimate and complete a Preliminary Economic Assessment (PEA) by Q1 2026 [1][3]. Summary of Drill Results - Drillhole A25-026 intersected 1.02% CuEq over 260.50m within a total interval of 866.95m averaging 0.55% CuEq [5][8]. - Drillhole A25-027 showed 0.42% CuEq over 679.20m, with notable intervals of 0.36% CuEq over 370.00m and 0.48% CuEq over 547.20m [5][8]. Geological Context - The Aurora Project is characterized by mineralized hornfels and porphyry, with significant intervals of copper and molybdenum mineralization identified in both drillholes [6][10]. - Historical drilling data indicates that previous drilling efforts primarily tested leached zones, with only a few holes reaching the primary copper and molybdenum zones [17][19]. Future Plans - The company is on track to update the initial Mineral Resource Estimate and complete the PEA by Q1 2026, with ongoing geological model reviews and infrastructure assessments [3][15][16]. Quality Control Measures - DLP Resources has implemented rigorous quality control and assurance protocols, including the use of certified reference materials and independent laboratory analysis to ensure data reliability [13][14]. Company Overview - DLP Resources Inc. is focused on mineral exploration in Southeastern British Columbia and Peru, targeting base metals and cobalt, and is publicly traded on TSX-V, OTCQB, and FSE [30].
Omai Gold Drills High-Grade Zone at East Wenot, Intersecting 11.07 g/t Au over 14.7m, Including 34.31 g/t Au over 4.3m
Newsfile· 2025-12-08 11:35
Core Insights - Omai Gold Mines Corp. has reported significant assay results from its drilling program at the Omai Gold Project in Guyana, highlighting new high-grade gold zones at East Wenot and Central Wenot [1][4][5] Drilling Program Overview - A total of 79 drill holes (35,300 meters) have been completed in 2025, with 30 holes (13,250 meters) on the Wenot deposit not included in the August 2025 Mineral Resource Estimate (MRE) [2][29] - The company aims to update the MRE in early 2026, ahead of a Preliminary Economic Assessment (PEA) expected in H1 2026 [2][4] Significant Drill Results - Notable intersections include: - Hole 25ODD-142 at East Wenot: 11.07 g/t Au over 14.7 meters, including 34.31 g/t Au over 4.3 meters - Hole 25ODD-145W at Central Wenot: 13.54 g/t Au over 13.3 meters, including 27.82 g/t Au over 6.2 meters and 63.17 g/t Au over 2.2 meters [7][8][30] Exploration Focus - The drilling program is focused on expanding the resource at Wenot and optimizing the upcoming PEA by exploring less drilled areas within the southern sedimentary sequence and the Dike Corridor [5][16] - The company has exceeded its goal of completing an additional 10,000 meters of drilling by year-end [4][5] Camp Zone and BBH Target Updates - At the Camp Zone, seven diamond drill holes (2,931 meters) have been completed, with significant results including 2.72 g/t Au over 16.3 meters in hole 25ODD-135 [25][26] - The BBH target has also seen recent drilling, with results indicating widespread near-surface gold mineralization, although some holes returned lower grade results [20][21][22] Corporate Developments - Omai Gold has entered into an investor relations agreement with TB Investor Relations to enhance its communication strategy, effective December 1, 2025 [33]
Doubleview Gold Corp. Announces Successful Completion of 2025 Drilling Season at the Hat Project, the Largest Drill Season yet with 13,290m Diamond Drill Core
Newsfile· 2025-12-08 11:04
Core Insights - Doubleview Gold Corp. has successfully completed its largest drilling season at the Hat Polymetallic Project, with a total of 13,290 meters drilled across 19 holes, achieving a 100% success rate in mineralization intersection [1][6][8] Drilling Season Highlights - The 2025 drilling campaign is noted for its efficiency and technical productivity, averaging 699.5 meters per hole [6] - A newly discovered deep mineralized horizon has been identified beneath the 2024 conceptual pit outline, indicating significant down-dip continuity and expansion potential [6][7] - All drill holes intercepted mineralization, confirming the strength and continuity of the porphyry system [6][8] - Previously disclosed holes H097, H098, and H099 extended mineralization by 200-300 meters down-dip and up to 100 meters laterally, enhancing the block model and geological interpretation [6][8] - Hole H099 reported 438 meters of 0.40% CuEq, including 52 meters of 1.02% CuEq, marking one of the strongest continuous intervals drilled at the Hat to date [6][8] Geological Understanding and Resource Models - The 2025 work has advanced the understanding of copper-gold-cobalt-scandium mineral domains, with significant achievements in scandium recovery [7][8] - The company is focused on completing the assay review for holes H100 through H108, which will inform updates to the Mineral Resource Estimate (MRE-2) and the ongoing Preliminary Economic Assessment (PEA) [6][10] Future Developments - The integration of the full 2025 drill dataset, including pending assays, is expected to enhance the confidence and robustness of the forthcoming PEA, supporting a comprehensive evaluation of the Hat Project's economic potential [10]
Doubleview Extends High-Grade Domains at Hat: H099 Returns 438m of 0.40% CuEq Including 52m of 1.02% CuEq, Expanding Mineralization Envelope Around Conceptual Pit Vertically and Laterally
Newsfile· 2025-12-04 13:54
Core Insights - Doubleview Gold Corp. announced significant assay results from drill holes H097, H098, and H099 at the Hat Polymetallic Deposit, indicating an expansion of the mineralized footprint by approximately 100 meters laterally and 200 meters vertically [1][4][15] - Drill hole H099 returned 438 meters of 0.40% CuEq, including 52 meters of 1.02% CuEq, marking one of the strongest continuous mineralized intervals at the Hat deposit to date [4][11][13] - The results support the company's objective to update the Mineral Resource Estimate (MRE-2) and conduct a Preliminary Economic Assessment (PEA), enhancing confidence in the exploration model [4][12][16] Drill Results Summary - H097: 445.3 meters at 0.20% CuEq, with significant intervals including 145.2 meters at 0.25% CuEq [3][5] - H098: 393.0 meters at 0.27% CuEq, with notable sections including 148.0 meters at 0.41% CuEq [5][9] - H099: 643.0 meters at 0.34% CuEq, with key intervals such as 438.0 meters at 0.40% CuEq and 52.0 meters at 1.02% CuEq [4][5][9] Geological Interpretation - The new drill holes were designed to intersect previously undrilled areas, successfully extending the dimensions of the deposit by 200-300 meters at depth and up to 100 meters laterally [10][11][12] - The continuity of copper-gold-cobalt-scandium domains was confirmed across broad intervals, indicating strong mineralization potential [4][12][16] Expansion Potential - The results from H099, along with H097 and H098, suggest major extensions of the conceptual pit by approximately 200 meters vertically and 100 meters laterally [11][12][16] - The high-grade zones identified in the drilling indicate significant depth potential, with H099 highlighting over 50 meters exceeding 1.0% CuEq [13][16] Critical Metals Focus - Scandium grades remain consistent with prior campaigns, framing the Hat Deposit as a significant North American source of critical metals [14][16] - The potential for scandium at the Hat Deposit is estimated to be between 300 to 500 million tonnes at an average grade of 40 ppm (0.004%) Sc2O3 [31]
XXIX Metal Publishes Opemiska's Preliminary Economic Assessment Technical Report
Newsfile· 2025-12-03 11:00
Toronto, Ontario--(Newsfile Corp. - December 3, 2025) - XXIX Metal Corp‎. (TSXV: XXIX) (OTQB: QCCUF) (FSE: 5LW0) ("XXIX" or the "Company") is pleased to report that it has filed the independent Preliminary Economic Assessment ("PEA") technical report for its 100%-owned Opemiska Project in Chapais, Quebec.Highlights Include:Total payable copper across Opemiska 17 year mine life:715 million pounds of copper409 thousand ounces of gold2.08 million ounces of silverRobust after-tax base case economics: C$505M af ...
Doubleview Provides Cobalt Resource Summary for the Hat Polymetallic Deposit in Advance of Updated MRE and PEA
Newsfile· 2025-12-02 13:45
Core Viewpoint - Doubleview Gold Corp. is preparing to release an updated Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA) for the Hat Polymetallic Deposit, highlighting its significant cobalt resource as a key component of the project [1][4]. Cobalt Resource Summary - The Hat Deposit is noted to potentially contain one of the largest undeveloped cobalt inventories in Canada, with cobalt occurring as a by-product associated with copper and pyrite mineralization [2][4]. - The indicated resource includes 150 million tonnes with 28 million pounds (approximately 12,700 tonnes) of cobalt at a grade of 0.008% Co, while the inferred resource consists of 477 million tonnes with 91 million pounds (approximately 41,300 tonnes) of cobalt at a grade of 0.009% Co [6][11]. Metallurgical Insights - Cobalt is consistently distributed throughout the alkalic porphyry system alongside other metals, and metallurgical tests indicate efficient liberation of cobalt into a clean pyrite concentrate suitable for conventional processing [3][4]. Strategic Importance of Cobalt - Cobalt is classified as a critical mineral by several countries, including Canada and the United States, and is essential for high-performance lithium-ion batteries, superalloys, and clean-energy technologies [5][7]. - The Hat Deposit's location in a Tier-1 jurisdiction and its substantial cobalt endowment enhance its long-term relevance as demand for responsibly sourced battery metals increases [4][8]. Project Development Context - The Hat Deposit has undergone multiple exploration campaigns and is expected to advance through necessary evaluation and development stages, potentially contributing to future domestic cobalt supply [8][10].