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First Andes Silver Outlines Systematic Property-Wide Exploration Program, Santas Gloria Project, Peru
Newsfile· 2025-11-19 10:30
Core Viewpoint - First Andes Silver Ltd. is launching a systematic exploration program for its 100%-owned Santas Gloria Project in Peru, aiming to evaluate and advance the property through modern exploration techniques [1][3]. Exploration Program Overview - The 2025-2026 exploration program will include a 50 km² property-wide WorldView-3 spectral mapping and interpretation initiative, focusing on 23 mapped intermediate-sulphidation epithermal veins totaling over 12 kilometers of strike [4][6]. - Phase 3 drill permitting is underway, targeting the Tembladera and San Jorge vein systems, with potential extensions to Maribel and Paquita [4][6]. Methodologies and Techniques - The exploration program will utilize high-resolution spectral alteration mineral mapping, a property-wide soil sampling program, and ground Induced Polarization (IP) geophysics to identify high-priority drill targets [4][11]. - Soil sampling will help delineate geochemical halos around sulphide-bearing veins, identifying key pathfinder elements such as Ag, Pb, Zn, As, and Sb [8][9]. Timeline and Milestones - WV-3 and soil sampling will commence in November 2025, with final products for spectral alteration mapping expected in 5-6 weeks [4][10]. - The first half of the soil sampling is set to be completed by February 2026, with analytical results anticipated in March 2026 [4][13]. Data Integration and Targeting - The integration of spectral, geological, and geochemical datasets will enable the company to refine and prioritize drill targets, marking a significant step in unlocking the discovery potential of the Santas Gloria epithermal vein field [11][14]. - A follow-up exploration program will be conducted after the integration of the WV-3 spectral and soil geochemical datasets to delineate high-priority drill targets [14]. Company Background - First Andes Silver Ltd. holds a 100% interest in the Santas Gloria silver property, located in a major mining district 55 km east of Lima, Peru, which has never been systematically explored using modern techniques before 2024 [16].
Prismo Develops Additional Drill Targets at Silver King Provides Update on Drill Permit
Thenewswire· 2025-11-19 08:30
Core Insights - Prismo Metals Inc. has completed a detailed exploration program at the Black Diamond area of its Silver King Project in Arizona, which included mapping and sampling of the area [1] - The exploration program identified a large copper anomaly along with anomalous gold values, and the presence of other metals such as zinc, lead, silver, and antimony associated with a newly encountered felsic intrusion [4][6] - The company has received approval from the Forest Service for its proposed drill plan, which is now moving into the environmental analysis phase [9][10] Exploration Results - The soil survey revealed a significant copper anomaly over the Black Diamond replacement body, with previous rock samples indicating a copper-gold association [4] - XRF analysis indicated the presence of silver, lead, zinc, and antimony in quartz veinlets within the felsic intrusion, with 34 rock chip samples submitted for laboratory assay [5][6] - Craig Gibson, Chief Exploration Officer, confirmed the Black Diamond area as a compelling drill target based on the exploration results [7] Drilling Plans - The company plans to conduct a two-phase drilling program, starting with approximately 1,000 meters at the historic Silver King mine site, targeting the upper half of the mineralized body [11][13] - A second phase of drilling will focus on newly identified targets outside the historic mining area, including the polymetallic vein and the copper vein [13] - The drilling of the replacement mineralization on the Black Diamond claim is also planned, which is accessible on private ground [13] Historical Context - The Silver King mine, discovered in 1875, was a significant historic producer of silver, yielding nearly 6 million ounces at high grades [17] - The mine is strategically located near the Resolution Copper project, which has an estimated copper resource of 1.787 billion metric tonnes [17]
CORRECTION FROM SOURCE: Argyle Resources Corp. Submitted and Expects Permits This Week to Begin 3,000 Metre Drilling Program at Lac Comporté Silica Project, Quebec
Newsfile· 2025-11-18 21:15
Core Viewpoint - Argyle Resources Corp. has submitted permit applications for a 3,000-meter drilling program at the Lac Comporté Silica Project in Quebec and expects to receive the permits shortly [2][3]. Drilling Program Details - The drilling campaign will consist of 3,000 meters of NQ-sized core, focusing on the most promising results from the summer field program, which identified a significant quartzite horizon [4]. - The summer program yielded four samples with assays of up to 98% SiO2, including a high-grade result of 98.52% SiO2 from sample E715925 [4][8]. Company Insights - Jeff Stevens, CEO of Argyle Resources Corp., emphasized that moving to the drilling stage is a crucial milestone for the company, reflecting its commitment to disciplined exploration and value creation in Quebec's silica corridor [5]. - Argyle Resources Corp. is a junior mineral exploration company focused on acquiring and evaluating natural resource properties in North America, including multiple silica projects in Quebec [13].
Trilogy Metals Surges 243.1% YTD: Should Investors Ride the Rally?
ZACKS· 2025-11-18 17:25
Core Insights - Trilogy Metals Inc. (TMQ) shares have increased by 243.1% year-to-date, outperforming the industry and the S&P 500, which returned 23.8% and 16% respectively [1] - Peers such as B2Gold Corp. (BTG) and Barrick Mining Corporation (B) have seen gains of 63.5% and 138.4% respectively during the same period [1] Stock Performance - TMQ closed at $3.98, significantly below its 52-week high of $11.29 but above its 52-week low of $0.09 [4] - The stock is trading below its 50-day moving average and above its 200-day moving average [4] Exploration and Development - TMQ is making progress in the Ambler mining district, with a joint venture with South32 completing its summer field program [6][8] - The summer field program included site maintenance, environmental data collection, and a core re-boxing program for future use [9] Financial Performance - For the first nine months of fiscal 2025, Ambler Metals recorded approximately $3.8 million in costs, with TMQ's share of the loss being approximately $2.2 million [10] - The company reported an operating cash outflow of $2.7 million during the same period [11] Valuation Metrics - TMQ is trading at a forward price-to-earnings ratio of negative 194.21X, compared to the industry's average of 16.09X [16] - B2Gold and Barrick Mining are trading at 5.22X and 11.78X respectively [16] Long-Term Prospects - Despite ongoing challenges such as negative cash flows, the advancement in the Ambler mining district positions TMQ for potential future growth [17] - The company is seen as well-positioned for long-term growth opportunities, making it an attractive option for investors [17]
Option to Acquire Garfield Hills Property in Nevada
Thenewswire· 2025-11-18 14:00
Vancouver, British Columbia, November 18, 2025 – TheNewswire - Lexston Mining Corporation (the “Company” or “Lexston”) (CSE: LEXT) (OTCQB: LEXTF) (Deutsche Börse Frankfurt: L75) announces that further to the Memorandum of Understanding News Release dated November 12, 2025 a definitive Assignment Agreement, has been entered into, to acquire 128 mineral claims located in Mineral County, Nevada, USA, known as the Garfield Hills Property (the “Garfield Property”).The Company entered into an assignment agreemen ...
Peloton Commences the Maiden Drilling Program at the North Elko Lithium Project, Nevada
Thenewswire· 2025-11-18 13:30
Core Viewpoint - Peloton Minerals Corporation has initiated its maiden drilling program at the North Elko Lithium Project in northeastern Nevada, targeting lithium-bearing claystone layers and other critical minerals [1][2]. Group 1: Drilling Program Details - The drilling program will consist of four widely spaced holes, each reaching a depth of approximately 500 feet, to assess the orientation, stratigraphy, and potential mineralization within the clay layers [3]. - The drill holes will be spaced about 7 kilometers (4.3 miles) apart on the NE-SW axis and about 3.5 kilometers (2 miles) apart on the NW-SE axis, with drilling expected to take around three weeks and assays to follow in about six weeks [3]. Group 2: Project Background and Exploration Work - The North Elko Lithium Project spans approximately 37 square kilometers (14.25 square miles) and is fully owned by the company, with no outstanding royalties [5]. - Prior exploration activities included an airborne hyperspectral survey, airborne magnetics, radiometric and VLF-EM surveys, geological mapping, soil geochemistry over a 32 square kilometer grid, prospecting, and XRD analysis on over 1,000 surface samples [5]. Group 3: Regulatory and Operational Aspects - The company holds two drilling permits for the property and has 24 drill pad locations permitted for future programs, all strategically located beside existing roads to minimize environmental impact [4]. - The project is located adjacent to a high-grade lithium deposit discovered in 2023 by Surge Battery Metals, indicating potential for significant mineral resources in the area [5].
Midnight Sun Intercepts 1.0% Copper over 22 Metres and 0.98% Copper over 15 Metres at Dumbwa
Newsfile· 2025-11-18 11:30
Midnight Sun Intercepts 1.0% Copper over 22 Metres and 0.98% Copper over 15 Metres at DumbwaDumbwa drilling has now established strike over nearly 1.5 kilometresNovember 18, 2025 6:30 AM EST | Source: Midnight Sun Mining Corp.Vancouver, British Columbia--(Newsfile Corp. - November 18, 2025) - Midnight Sun Mining Corp. (TSXV: MMA) (OTCQX: MDNGF) ("Midnight Sun" or the "Company") is pleased to report assay results from additional holes at the Dumbwa target. Diamond drill hole DBW-25-009 intercep ...
Argyle Resources Corp. Receives Permits and Begins 3,000 Metre Drilling Program at Lac Comporté Silica Project, Quebec
Newsfile· 2025-11-18 11:00
Core Insights - Argyle Resources Corp. has received the necessary permits to commence a 3,000-metre drilling program at the Lac Comporté Silica Project in Quebec, Canada, marking a significant advancement for the company [1][3] Drilling Program Details - The drilling campaign will focus on 3,000 metres of NQ-sized core, specifically targeting promising results from the summer field program, which identified a kilometric horizon of quartzite [2] - The summer program yielded four samples with assays of up to 98% SiO2, including a high-grade result of 98.52% SiO2 from sample E715925 [2][8] Company Commitment - The CEO of Argyle Resources Corp. emphasized that moving to the drilling stage is a pivotal moment for the company, reflecting its commitment to disciplined exploration and unlocking value in Quebec's silica corridor [3]
District Uncovers High Priority Targets from Airborne MobileMT Survey at the Tasjo Alum Shale Property in Sweden
Newsfile· 2025-11-18 07:00
Core Insights - District Metals Corp. has announced positive results from an airborne Mobile Magnetotelluric (MobileMT) survey over its Tåsjö mineral licenses in Sweden, identifying eight low resistivity anomalies that indicate potential mineralization [1][5][8] Summary by Sections Survey Results - The MobileMT survey covered approximately 34,300 hectares at the Tåsjö mineral licenses, successfully outlining eight target areas characterized by low resistivity, which is consistent with the signature observed at the Viken Deposit [5][7] - The survey generated extensive datasets and revealed numerous geophysical anomalies, marking a significant advancement in the company's strategy to identify drill-ready targets in an underexplored region rich in various minerals [3][5] Mineral License Expansion - Based on the survey results, the company has filed applications for new mineral licenses adjacent to the Tåsjö licenses to cover possible extensions of the identified anomalies [2] Geological Context - The Tåsjö mineral licenses are part of a larger area that includes the Österkälen and Malgomaj licenses, collectively covering approximately 79,250 hectares, and are located 133 km to 170 km northeast of the Viken Property, which hosts the largest undeveloped uranium resource in the world [3][4][6][17] Strategic Importance - The identification of these anomalies reinforces the geological model of the region and highlights the potential for extensive mineralization across the Tåsjö licenses, which are enriched in vanadium, potash, uranium, molybdenum, nickel, zinc, copper, and rare earth elements [5][8] Regulatory Environment - The Swedish Government has approved a proposal to lift the ban on uranium exploration and mining, with legislation expected to be revised on January 1, 2026, which could enhance the exploration potential for the company [10]
Thor Explorations Announces Third Quarter 2025 Financial and Operating Results, for the Three Months Ending September 30, 2025
Newsfile· 2025-11-18 07:00
Core Viewpoint - Thor Explorations reported strong financial and operational results for Q3 2025, driven by increased gold production and favorable market conditions, with a net profit of US$43.1 million and significant advancements in exploration activities across its projects [13][14]. Financial Highlights - Revenue for Q3 2025 reached US$69.9 million, a substantial increase from US$40.2 million in Q3 2024 [7]. - The company sold 19,650 ounces of gold at an average price of US$3,535 per ounce, with cash operating costs of US$783 per ounce and all-in sustaining costs (AISC) of US$1,129 per ounce [7]. - Adjusted net cash position improved to US$81.0 million, up from US$3.2 million in Q3 2024 [7]. Operational Highlights - Gold poured totaled 22,617 ounces during Q3 2025, compared to 20,110 ounces in Q3 2024 [7]. - The Segilola mine processed 250,459 tonnes of ore at an increased throughput rate of 2,722 tonnes per day, with a mill feed grade of 3.11 grams per tonne [7]. - The process plant recovery rate improved to 94.3%, up from 88.5% in Q3 2024, with no significant unplanned downtime [13][14]. Exploration Activities - The life of mine extension drilling program at Segilola continued, focusing on depth extensions of the deposits [5][15]. - A reverse circulation drilling program was completed at the Baraka 3 Prospect, with encouraging initial results from metallurgical tests [11][16]. - The company aims to define an updated resource for Segilola by the end of 2025, with a release planned for Q1 2026 [15]. Strategic Acquisitions - Thor Explorations signed a binding agreement to acquire the remaining 30% interest in the Douta Project for US$3.0 million, enhancing its ownership to 100% [11][16]. - The company also acquired a 65% interest in the Bousankhoba Exploration Permit, which is expected to provide long-term exploration potential [11][16]. Community and ESG Initiatives - The company undertook a community medical outreach program, benefiting over 3,000 residents, and launched SegunCare for chronic health conditions [17]. - Environmental initiatives included a 62% increase in reclaimed water use and improvements in energy and emissions intensity compared to Q3 2024 [17].