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The Future Is Golden at Grey Fox
Globenewswire· 2025-05-07 22:53
Core Insights - McEwen Mining Inc. has reported significant drilling results from the Grey Fox Project, indicating a promising increase in gold resources and the discovery of a new exploration corridor at depth [2][41]. Resource Update - The current resource at Grey Fox consists of 1,538,000 gold ounces at 3.64 g/t Indicated and 458,000 gold ounces at 3.30 g/t Inferred [3]. - The Gibson Zone accounts for approximately 18% of the Indicated resource with 290,000 ounces and 50% of the Inferred resource with 245,000 ounces [12]. Drilling Results - Notable drill results include: - Hole 25GF-1539: 12.4 g/t gold over 10.7 m, including 27.9 g/t gold over 4.5 m [8]. - Hole 25GF-1548: 4.0 g/t gold over 30.1 m, including 7.8 g/t gold over 11.5 m [8]. - Hole 25GF-1537: 6.2 g/t gold over 7.8 m CW and 4.4 g/t gold over 16.0 m CW [8][35]. Exploration Focus - The ongoing drilling campaign is primarily concentrated in the Gibson Zone, with a geophysical survey aimed at identifying new mineralization and structural trends [13]. - New mineralization has been identified 250 meters below the current resource at the Grey Fox South Zone, indicating potential for further resource expansion [8][37]. Future Development - The company anticipates production to begin at the Stock Project in 2026, which currently hosts an Indicated resource of 281,000 oz of gold and an Inferred resource of 182,000 oz of gold [42].
The Future Is Golden at Grey Fox
GlobeNewswire News Room· 2025-05-07 22:53
New Results Continue to Build on Resource Size12.4 g/t gold over 10.7 m including 27.9 g/t gold over 4.5 m Discovery of a New Exploration Corridor at Depth6.2 g/t gold over 7.8 m CW and 4.4 g/t gold over 16.0 m CW Exploration Driving Production Growth for the Future TORONTO, May 07, 2025 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) is pleased to announce an update on activity at the Fox Complex’s Grey Fox Project. Included in this press release are some of the best drill results we have see ...
PTX Enhances the Geological Interpretation of Its Exploration Target at The W2 Cu-Ni-PGE Project, Ontario
Newsfile· 2025-05-07 12:51
PTX Enhances the Geological Interpretation of Its Exploration Target at The W2 Cu-Ni-PGE Project, OntarioMay 07, 2025 8:51 AM EDT | Source: PTX Metals Inc.Toronto, Ontario--(Newsfile Corp. - May 7, 2025) - PTX Metals Inc. (TSXV: PTX) (OTCQB: PANXF) (FSE: 9PX) ("PTX" or the "Company"), a mineral exploration company focused on Cu-Ni-Au-PGE and Gold projects in Ontario, is pleased to release a refined 3D geological interpretation and the new Heli-GT Magnetic Survey (Mag Survey) results for the Ce ...
Miata Metals Provides Update on Drilling Program at Sela Creek Gold Project, Suriname
Globenewswire· 2025-05-07 12:30
VANCOUVER, British Columbia, May 07, 2025 (GLOBE NEWSWIRE) -- Miata Metals Corp. (CSE: MMET) (FSE: 8NQ) (OTCQB:MMETF) ("Miata" or the "Company") is pleased to update on the 10,000m diamond core drilling program at the Sela Creek Gold Project in Suriname ("Sela Creek"). Highlights: "We have completed the first 10 holes totalling approximately 1,500m, or 15%, of our targeted of 10,000 meters this year, and the drill crew continues to increase their average daily production," stated Dr. Jaap Verbaas, CEO of Mi ...
Standard Uranium and Aero Energy Report New Gravity Survey Targets and Assay Results, Sun Dog Project, Northwest Athabasca Basin
Newsfile· 2025-05-07 11:00
Standard Uranium and Aero Energy Report New Gravity Survey Targets and Assay Results, Sun Dog Project, Northwest Athabasca Basin Additional Targets Emerging in Underexplored Rocks May 07, 2025 7:00 AM EDT | Source: Standard Uranium Ltd. Vancouver, British Columbia--(Newsfile Corp. - May 7, 2025) - Standard Uranium Ltd. (TSXV: STND) (OTCQB: STTDF) (FSE: 9SU0) ("Standard Uranium" or the "Company") is pleased to announce the completion of an extensive high-resolution ground gravity survey across three target a ...
EMGS: Summons for written resolution in relation to Elec ASA 18/25 FRN USD FLOOR STEP C CONV
Globenewswire· 2025-05-06 19:34
Reference is made to the stock exchange notification published by Electromagnetic Geoservices ASA ("EMGS" or the "Company") on 6 May 2025 regarding the Siem Day transaction, including the information therein regarding a proposed extension of the maturity date for Elec ASA 18/25 FRN USD FLOOR STEP C CONV (“EMGS03”) as well as certain other proposed amendments to the bond terms related to the transaction. Attached hereto is a summons for a written resolution by the bondholders in EMGS03. The proposed amendm ...
Integral Metals Reports Monazite-Dominant REE Mineralization at Woods Creek
Globenewswire· 2025-05-06 07:05
Core Insights - Integral Metals Corp. has reported promising results from detailed mineralogical analysis indicating the presence of rare earth elements (REEs) primarily hosted in monazite and allanite, with potential for niobium mineralization and gallium fertility [1][3][4] Group 1: Mineralogical Analysis - The QEMSCAN analysis confirmed that monazite is the dominant host for critical light rare earth elements (LREEs) such as cerium, lanthanum, neodymium, and praseodymium, with sample CK-21a showing monazite accounting for 85% of neodymium and 83.7% of praseodymium [3] - Niobium was found to be hosted in columbite, particularly in sample CK-12, where columbite comprises over 99% of the total niobium content, with ilmenorutile also present as a secondary host [3] Group 2: Exploration Efforts - The 2024 reconnaissance program involved mapping and sampling carbonatite dikes, with over 60 rock samples collected, and three samples selected for mineralogical characterization due to elevated Total Rare Earth Oxides (TREO) [2] - A second batch of 40 samples is currently undergoing analysis, with plans to expand the sampling scope to include weathered and altered lithologies to evaluate the full extent of REE and gallium enrichment [4] Group 3: Company Overview - Integral Metals Corp. is focused on mineral exploration for critical minerals, including gallium, germanium, and rare earth elements, aiming to contribute to the development of a domestic supply chain for these minerals [8] - The company holds properties in mining-friendly jurisdictions in Canada and the United States, including the Northwest Territories, Manitoba, and Montana, where it has received regulatory support for its exploration efforts [8]
GALIANO GOLD ANNOUNCES DISCOVERY OF NEW HIGH-GRADE ZONE AT ABORE WITH INTERCEPT OF 50m @ 3.2 g/t Au & RESULTS OF INFILL DRILLING PROGRAM
Prnewswire· 2025-05-05 11:30
Accessibility StatementSkip Navigation Figure 9: Cross Section H-H1 showing hole ABPC25-325, which extended the southern strike extent of the known high-grade zone at Abore South. (CNW Group/Galiano Gold Inc.) Figure 10: Cross section A-A1 showing high-grade intercept extending below the Mineral Reserve pit design at the Abore North northern pit in hole ABPC25-329. (CNW Group/Galiano Gold Inc.) Figure 11: Long section through the Abore deposit showing Gram Meter contours of Au intercepts with hig ...
Goliath Resources Engages JDS Energy & Mining Inc. To Forge Plans To Drive An Exploration Adit At Its Surebet Discovery, Golddigger Property, Golden Triangle, B.C.
Globenewswire· 2025-05-05 11:08
Drill-out of all high-grade Surebet lodes will be more easily and cheaply facilitated from underground vantages.Underground access to the Bonanza Zone will enable geological confirmation of this important high-grade lode and potentially enable bulk sampling.Goliath looks forward to mobilizing shortly for its aggressive 2025 drill campaign. TORONTO, May 05, 2025 (GLOBE NEWSWIRE) -- Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the “Company” or “Goliath”) is pleased to announce world reno ...
Mustang Energy Corp. Provides Update on Geophysical Reinterpretation and Targeting
Globenewswire· 2025-05-03 00:10
Core Insights - Mustang Energy Corp. is advancing its exploration strategy in the Athabasca Basin through collaboration with Resource Potentials Ltd. for geophysical reprocessing and reinterpretation of data [1][19] - The company is focusing on cost-effective data integration to enhance its uranium projects [1] Geophysical Reinterpretation Methodology - Resource Potentials has reprocessed high-resolution airborne datasets, including magnetic, radiometric, gravity, and electromagnetic data, sourced from open-file surveys [2] - The integration of these datasets with geological maps and other data in GIS software has been conducted to improve the understanding of the Athabasca Basin [2] Targeting Areas of Interest - The reinterpretation has identified multiple areas of interest, including: - **914W Project**: Located 45 km south of the Athabasca Basin edge, featuring an EM conductor anomaly and a magnetic low [7] - **Spur Project**: Situated 30 km south of the Basin, intersected by regional magnetic-low and EM conductor trends [8] - **Ford Lake**: Comprising three claim blocks near the southern edge of the Basin, with a strong untested EM conductor anomaly [10] - **Cigar Lake East**: Located near the eastern edge of the Basin, featuring multiple magnetic-low trends associated with known uranium mineralization [12] Ongoing and Future Work - Continuous interpretation of newly acquired airborne geophysical surveys is underway, including a MobileMT survey over the Yellowstone Project and an Xcite™ TDEM survey over the Dutton Project [6] - The company plans to initiate field-based prospecting programs to further assess priority targets identified through the reinterpretation [7] Company Overview - Mustang Energy is focused on acquiring and developing uranium and critical mineral assets, holding 92,211 hectares in the Athabasca Basin [19] - The company’s projects include Ford Lake (7,743 hectares), Cigar Lake East (3,442 hectares), Spur Project (17,929 hectares), Yellowstone Project (21,820 hectares), and Dutton Project (7,633 hectares) [19]