TORONTO, May 06, 2025 (GLOBE NEWSWIRE) -- Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) (“Lithium Ionic” or the “Company”) is pleased to announce an updated mineral resource estimate (“MRE”) for its 100%-owned Bandeira Lithium Project (“Bandeira” or the “Project”) located in Minas Gerais, Brazil. Bandeira is the Company’s flagship property, located in Brazil’s “Lithium Valley”, a rapidly emerging hard rock lithium district renowned for its significant concentration of lithium-bearing pegmatites. P ...

Core Insights - Osisko Metals has announced new drilling results from the Gaspé Copper Project, confirming the potential for resource expansion both at depth and to the south of the current deposit [1][4][10] Drilling Results - Drill hole 30-1065 intersected 323.0 metres averaging 0.43% Cu and 3.18 g/t Ag, with a higher-grade section of 13.3 metres averaging 2.50% Cu and 17.8 g/t Ag [5] - Drill hole 30-1061 extended mineralization to a vertical depth of 712 metres, with significant intersections of 172.5 metres averaging 0.18% Cu and 1.52 g/t Ag, and 215.5 metres averaging 0.31% Cu and 2.67 g/t Ag [5] - Drill hole 30-1064 extended mineralization to a vertical depth of 618 metres, with intersections of 164.7 metres averaging 0.26% Cu and 1.94 g/t Ag [5] - Drill hole 30-1067, located 215 metres south of the 2024 MRE model, intersected 136.8 metres averaging 0.32% Cu and 3.18 g/t Ag, indicating that mineralization remains open to the south [5][6] Geological Insights - The new drilling results support a revised geological model, with mineralization occurring as disseminations and veinlets of chalcopyrite, primarily controlled stratigraphically [7][9] - The current drilling program aims to convert the November 2024 Mineral Resource Estimate (MRE) to Measured and Indicated categories and to explore deeper stratigraphy [11][10] Resource Estimates - The Gaspé Copper Project currently has Indicated Mineral Resources of 824 million tonnes averaging 0.34% CuEq and Inferred Mineral Resources of 670 million tonnes averaging 0.38% CuEq [16] - The project hosts the largest undeveloped copper resource in eastern North America, strategically located near existing infrastructure [16]

TORONTO, April 30, 2025 (GLOBE NEWSWIRE) -- Emerita Resources Corp. (TSX – V: EMO; OTCQB: EMOTF; FSE: LLJA) (the “Company” or “Emerita”) reports that it has filed the independent NI 43-101 compliant technical report for its Iberian Belt West Project (“IBW” or the “Project”) in Andalusia, Spain, supporting the updated Mineral Resource Estimate (“MRE”) for the Project announced on March 17, 2025. The technical report, titled “NI 43-101 Technical Report on the Iberian Belt West Project, Spain” was prepared by ...

Core Insights - New Found Gold Corp. has provided an overview and plans for the Queensway Gold Project, including the filing of a technical report for the initial mineral resource estimate [1][29] - The company is advancing towards a preliminary economic assessment (PEA) scheduled for completion in late Q2/25, with a focus on exploring additional discoveries [3][29] Project Highlights - The Queensway Gold Project is located in a Tier 1 jurisdiction with favorable mining conditions, including access to infrastructure and a skilled workforce [5] - The initial mineral resource estimate includes 18.0 million tonnes grading 2.40 grams per tonne (g/t) gold, totaling 1.39 million ounces (Moz) in the indicated category, and 10.7 million tonnes grading 1.77 g/t gold, totaling 0.61 Moz in the inferred category [5][9] - High-grade veins are exposed at the surface, with 73% of the ounces contained in 24% of the tonnage within the mineral resource pit shells [5] Future Plans - A fully funded PEA is underway, with a planned release in late Q2/25 [6] - A 2025 drill campaign is being planned to start in mid Q2/25, focusing on resource conversion and exploration for additional major deposits along the 110 km strike extent of the project [6] - Bulk sampling is planned to commence in H1/26 to confirm grade continuity and validate the resource model [6] Technical Report and Resource Estimate - The technical report was prepared by SLR Consulting in accordance with Canadian standards and has been filed under the company's profile [7][29] - The current mineral resource estimate as of March 15, 2025, shows a total of 18.0 million tonnes indicated and 10.7 million tonnes inferred, with respective grades and contained metal detailed in the report [9][10] Data Verification and Quality Control - The data used in the mineral resource estimate is supported by quality assurance and quality control procedures, ensuring the reliability of the assay database [19][23] - An independent Qualified Person has reviewed the sampling, analytical methods, and QA/QC program, confirming they meet industry standards [21][25]

Core Viewpoint - Millennial Potash Corp. has initiated its Phase 2 drilling program at the Banio Potash Project in Gabon, aiming to enhance potash resources and prepare for a feasibility study [1][2]. Drilling Program Details - The Phase 2 program includes two potash-specific drill holes totaling approximately 1,100 meters, extending historic hole BA-001 by about 400 meters and drilling a new hole BA-004 to a planned depth of 700 meters [1][2]. - Hole BA-001 was previously drilled to a depth of 364 meters in 2017 and will now be extended to evaluate deeper potash horizons [2][3]. - Hole BA-004 is located approximately 4 kilometers east of BA-001 and is designed to assess the lateral extent of potash horizons in an untested area supported by seismic surveys [3]. Objectives and Expected Outcomes - The objectives of the Phase 2 program are to evaluate the presence of potash-rich horizons at depth and laterally, which may extend the known mineralization strike length to 8,000 meters [4]. - Current Indicated Mineral Resource Estimate (MRE) stands at 657 million tonnes grading 15.9% KCl, while Inferred MRE is at 1.159 billion tonnes grading 16% KCl [4]. - The drilling data may allow for upgrading some resources from Indicated to Measured status and potentially shift Inferred material to Indicated status [4]. Financial Position - Millennial Potash has recently closed a financing round of $4.9 million, ensuring adequate funding for the second drill program and a revised 43-101 resource estimate report [2][4]. Timeline - The Phase 2 drill program is expected to be completed in Q2 2025, followed by a revised Mineral Resource Estimate also planned for completion in Q2 2025 [5].

TORONTO, April 01, 2025 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. ("G2" or the "Company") (TSX:GTWO, OTCQX:GUYGF) announces additional diamond drilling results further expanding on the Company's new discovery at the OKO Project, Guyana. Drilling has encountered wide intersections of near- surface, oxidized gold mineralization. Significantly, this new discovery lies only several miles away from the Company's flagship gold resources at the Oko Main Zone and Ghanie (comprised of 1.5 million ounces of gold Indicat ...

Core Insights - Sirios Resources Inc. has announced positive results from its Fall-Winter 2024-25 drilling program at the Cheechoo gold project, validating its new vision for the project which includes potential for both open-pit and underground mining [1][2][9] Drilling Program Highlights - The drilling program consisted of nine holes completed between November 2024 and February 2025, totaling 3,347 meters drilled [7] - Consistent gold mineralization was intercepted in all drill holes, confirming the geological team's predictions [2] Assay Results - Significant assay results include: - 13.48 g/t Au over 14.6 m, including 123.94 g/t Au over 1.0 m (CH25-321) [4] - 56.41 g/t Au over 2.0 m, including 110.65 g/t Au over 1.0 m (CH25-317E) [4] - 83.20 g/t Au over 1.1 m (CH25-317E) [4] - 1.92 g/t Au over 34.0 m, including 20.52 g/t Au over 1.0 m (CH25-325) [4] Geological Model Development - The geological team is developing a new model based on the 2024 data review and recent drill results, which will lead to an upcoming Mineral Resource Estimate (MRE) update [2] Cheechoo Gold Deposit Characteristics - The Cheechoo gold deposit is characterized by multiple gold-enriched zones within a tonalite intrusion, suggesting the presence of additional high-grade zones beyond the current MRE boundaries [8] - The most recent MRE reported indicated resources of 1.4 million ounces at an average grade of 0.94 g/t Au and inferred resources of 500,000 ounces at an average grade of 0.73 g/t Au [12] Location and Strategic Importance - The Cheechoo property is located less than 15 km from Newmont's Éléonore gold mine, indicating its strategic position within a promising mining region [9]

Core Viewpoint - GoldMining Inc. has announced an updated Mineral Resource Estimate (MRE) for its São Jorge Project in Brazil, highlighting significant exploration potential and plans for an expanded 2025 exploration campaign [1][4]. Updated Mineral Resource Estimate - The updated Indicated resource for the São Jorge deposit is estimated at 19.42 million tonnes (Mt) with an average grade of 1.00 gram per tonne gold (g/t Au), containing approximately 624,000 ounces (oz) of gold [6][10]. - An additional Inferred resource of 5.56 Mt at an average grade of 0.72 g/t Au is estimated to contain approximately 129,000 oz Au [6][10]. - The MRE is based on a long-term average gold price of US$1,950/oz Au and is reported within a conceptual pit design shell [6][8]. Exploration Potential - The São Jorge deposit is located within a 12 km x 7 km area of elevated surface geochemical anomalies, indicating broader exploration potential [6][11]. - The company has expanded its land package to 46,485 hectares (ha) by acquiring an additional 488.45 ha [6][19]. - High-grade auger drill intercepts from the 2024 drilling program include results such as 1 meter at 17.14 g/t Au and 5 meters at 2.78 g/t Au [6][20]. 2025 Exploration Plans - The company plans to double its exploration activities in 2025 compared to 2024, focusing on high-priority targets within the São Jorge mineral system [4][6]. - Follow-up drilling programs are planned to systematically explore areas with high-grade auger drill intercepts and significant soil anomalies [6][18]. Geological Context - The São Jorge deposit is classified as a granite-hosted, intrusion-related gold deposit, similar to other known deposits in the region [11]. - The geological model has been revised based on 2024 drilling results, enhancing the understanding of gold mineralization controls [12][14]. Technical Report - An independent Technical Report prepared by SLR Consulting supports the updated MRE and is available for public access [7][8].