Core Viewpoint - Red Pine Exploration Inc. is evaluating the potential for developing an early-stage open pit operation at its Wawa Gold Project in Ontario, driven by the current high gold price environment [1][2][4]. Group 1: Project Development - Management has initiated a review to assess the viability of near-term open pit production while continuing exploration of the Jubilee Shear at depth beyond the 2024 Mineral Resource Estimate (MRE) [2][4]. - The Wawa Gold Project is positioned to capitalize on gold mineralization that extends to the surface, leveraging existing infrastructure and excess mill capacity in the region [2][6]. - The company is considering contract open pit mining with an off-site toll milling arrangement, which could provide early-stage cash flow to support the development of a larger operation [2][4]. Group 2: Drilling and Exploration - Red Pine is currently drilling with two rigs and has completed approximately 65% of a fully funded 25,000-meter exploration program, with 8,000 to 9,000 meters allocated for evaluating near-term open-pit potential [6][8]. - The near-surface drilling program aims to increase confidence in the 2024 MRE and extend gold mineralization within the crown pillars of former mines [6][8]. - The company plans to update the 2024 MRE following the completion of the 8,500-meter surface drilling program and is working towards a preliminary economic assessment (PEA) anticipated for completion in the first half of 2026 [8]. Group 3: Strategic Approach - The company is integrating additional shallow drilling to outline a path to potential near-term production while progressing through the provincial permitting process and engaging with Indigenous communities [5][8]. - Internal assessments guiding the strategy were based on a gold price of US$2,200 per ounce, supporting the feasibility of an open-pit operation with minimal initial capital requirements [8]. - The phased approach aims to unlock significant value for shareholders while reinforcing the company's commitment to responsible and sustainable resource development [5][6].

Core Viewpoint - Newcore Gold Ltd. has reported significant drill results from its ongoing 35,000-metre drill program at the Enchi Gold Project in Ghana, particularly at the Boin Gold Deposit, indicating multiple wide zones of gold mineralization and higher-grade intervals, which suggest strong potential for resource growth [1][4][12]. Drilling Program Overview - The drill program aims to enhance resource growth and convert Inferred Resources to Indicated, with the first phase focused on resource conversion ahead of a Pre-Feasibility Study [2][13]. - A total of 14 Reverse Circulation (RC) holes totaling 2,055 metres have been reported, with all holes intersecting gold mineralization [4][9]. Significant Drill Results - Notable intersections include: - Hole KBRC352: 2.25 g/t Au over 56.0 m from 96 m, with a higher-grade interval of 3.83 g/t Au over 15.0 m from 122 m [5][6]. - Hole KBRC344: 1.16 g/t Au over 72.0 m from 104 m, including 3.06 g/t Au over 10.0 m from 114 m [5][11]. - Additional results from other holes include KBRC355 with 2.13 g/t Au over 29.0 m and KBRC353 with 2.15 g/t Au over 24.0 m [6][10]. Resource Estimate and Potential - The Boin Gold Deposit has an Indicated Mineral Resource of 13.0 million tonnes grading 0.62 g/t Au and an Inferred Mineral Resource of 15.9 million tonnes grading 0.68 g/t Au [15]. - Approximately 40% of the gold-in-soil anomaly at Boin remains untested, indicating further exploration potential [15]. Future Exploration and Development - The ongoing work program includes metallurgical testwork, trenching, hydrogeological testing, and soil sampling to define early-stage targets for future drilling [14][19]. - The drill program is a critical step in advancing the Enchi Gold Project, with the potential for significant resource growth across the district-scale property [13][22].

____________________________ Pre-Tax net present value discounted at 5% ("NPV5") of USD $359.0 million Pre-Tax Internal Rate of Return ("IRR") of 37.4% FAIRBANKS, AK, May 6, 2025 /PRNewswire/ - Contango ORE, Inc. ("Contango" or the "Company") (NYSE American: CTGO) is pleased to announce that it has completed the Technical Report Summary ("TRS") on the Johnson Tract Project (the "Project" or "Johnson Tract"), located in Alaska, U.S.A. The TRS summarizes the results of an Initial Assessment ("IA") of the pote ...

Core Viewpoint - Millennial Potash Corp. has successfully extended drillhole BA-001-EXT at its Banio Potash Project in Gabon, intersecting significant potash resources, which may enhance the project's overall mineral resource estimate and feasibility study [1][2]. Group 1: Drillhole Results - Drillhole BA-001-EXT was extended to approximately 678m, intersecting numerous carnallitite seams within about 290m of interbedded carnallitite and halite from 364m to 657m [1][2]. - The extension of BA-001-EXT exceeded expectations with over 250m of interbedded carnallitite and halite identified [2]. Group 2: Future Plans - Following the completion of BA-001-EXT, the drill rig will move 3.7km east to drillhole BA-004, aimed at evaluating the lateral extent of potash horizons in an untested area [6]. - The Phase 2 drill program is expected to be completed in Q2 2025, followed by a revised Mineral Resource Estimate [8]. Group 3: Resource Estimates - The current Indicated Mineral Resource Estimate (MRE) stands at 657 million tonnes grading 15.9% KCl, while the Inferred MRE is at 1.159 billion tonnes grading 16% KCl [7]. - The identification of additional potash horizons may extend the known mineralization strike length to 8,000m and significantly increase project resources [7].

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]

Core Viewpoint - Altamira Gold Corp. has announced a maiden mineral resource estimate for the Maria Bonita porphyry gold deposit, which significantly enhances the company's resource base and presents opportunities for further exploration and resource expansion [1][2]. Group 1: Resource Estimate Details - The maiden open-pit resource includes total Indicated Resources of 24.19 million tonnes (Mt) at 0.46 grams per tonne (g/t) gold, equating to 357,800 ounces (oz), and Total Inferred Resources of 25.64 Mt at 0.44 g/t gold, totaling 362,400 oz [5][13]. - Near-surface saprolite Indicated Resources are 2.02 Mt at 0.59 g/t gold (38,000 oz), while Inferred Resources are 0.68 Mt at 0.40 g/t gold (8,700 oz) [5][14]. - A higher grade near-surface resource at a 0.5 g/t gold cut-off comprises Indicated Resources of 7.56 Mt at 0.72 g/t gold (176,250 oz) and Inferred Resources of 5.18 Mt at 0.92 g/t gold (152,940 oz) [5][14]. Group 2: Project Location and Accessibility - The Cajueiro project is located approximately 75 km northwest of Alta Floresta in the state of Mato Grosso, Brazil, and is easily accessible by road, situated on open farmland with grid power and a local water supply [3]. Group 3: Future Exploration Plans - The company plans to mobilize a drill rig shortly to continue testing the extensions of the Maria Bonita mineralization and explore the other eight identified porphyry-related targets within the Cajueiro district [2][17]. - The Cajueiro project currently has a total of nine porphyry gold targets identified, indicating significant potential for further discoveries and resource expansion [5][17]. Group 4: Technical and Estimation Methodology - The maiden mineral resource estimate was completed by VMG Consultoria e Soluções Ltda, based on drilling conducted by Altamira between August 2022 and April 2024, involving 31 diamond drill holes totaling 4,710 meters [8][21]. - The resource estimations utilized a gold price of US$2,780 per ounce and were calculated using a block model interpolated by the Ordinary Kriging method [9][15].

Core Viewpoint - Emerita Resources Corp. has filed an independent NI 43-101 compliant technical report for its Iberian Belt West Project in Spain, supporting an updated Mineral Resource Estimate announced on March 17, 2025 [1][2]. Group 1: Technical Report and Mineral Resource Estimate - The technical report titled "NI 43-101 Technical Report on the Iberian Belt West Project, Spain" was prepared by Wardell Armstrong International Limited and has an effective date of February 26, 2025 [2]. - The updated Mineral Resource Estimate is based on 105,554 meters of drilling, comprising 299 drill holes across three deposits: La Romanera, La Infanta, and El Cura [3]. - The total indicated Mineral Resource Estimate is 18.96 million tonnes (Mt) grading 2.88% zinc, 1.42% lead, 0.5% copper, 66 g/t silver, and 1.28 g/t gold, with a total inferred estimate of 6.80 Mt grading 3.25% zinc, 1.50% lead, 0.73% copper, 56.3 g/t silver, and 0.77 g/t gold [7]. Group 2: Individual Deposits - La Romanera deposit contains an indicated MRE of 17.34 Mt grading 2.64% zinc, 1.25% lead, 0.43% copper, 65 g/t silver, and 1.34 g/t gold, with an inferred MRE of 4.13 Mt grading 3.08% zinc, 1.27 g/t lead, 0.61% copper, 49.7 g/t silver, and 0.82 g/t gold [7]. - La Infanta deposit has an indicated MRE of 1.09 Mt grading 7.38% zinc, 4.39% lead, 1.08% copper, 94.6 g/t silver, and 0.35 g/t gold, with an inferred MRE of 1.91 Mt grading 4.08% zinc, 2.23% lead, 0.66% copper, 74 g/t silver, and 0.38 g/t gold [7]. - El Cura deposit contains an indicated MRE of 0.53 Mt grading 1.58% zinc, 0.69% lead, 1.45% copper, 42.9 g/t silver, and 1.41 g/t gold, with an inferred MRE of 0.76 Mt grading 2.08% zinc, 0.91% lead, 1.51% copper, 48 g/t silver, and 1.46 g/t gold [7]. Group 3: Company Overview - Emerita Resources Corp. is focused on the acquisition, exploration, and development of mineral properties in Europe, primarily in Spain, with its corporate office and technical team based in Sevilla, Spain, and an administrative office in Toronto, Canada [5].

Project Overview - Buckreef Gold Project is expanding in Tanzania, featuring a low-risk, high-margin open-pit gold mining operation[11] - The project has a multi-million ounce gold resource within a 16 km2 license area[11] - A 2025 PEA outlines an underground expansion with average annual production of approximately 62,000 oz Au over 17.6 years[11] - The PEA projects an NPV 5% of US$1,181 million pre-tax and US$766 million after-tax at a gold price of US$3,000/oz[11] Financial Performance and Growth - F2024 annual production reached 19,389 oz Au, with revenue of $41.2 million and adjusted EBITDA of $15.3 million[10] - Q2 2025 revenue was $9.1 million, a 14% year-over-year increase, and operating cash flow was $2.0 million, a 100% year-over-year increase[28] - The company completed a mill expansion to 2,000 tpd, supporting increased future annual production[21] Resource Estimate and Exploration - The 2025 Mineral Resource estimate includes 893,000 oz of gold in Measured & Indicated Resources and 726,000 oz in Inferred Resources[19] - Ongoing drilling of high-priority gold zones aims to increase the mineral resource[16] - The discovery of the new Stamford Bridge Shear Zone shows geology similar to Buckreef Main[55] - Best drill results ever include BMDD315 intersecting 37 m @ 6.86 g/t Au (253.82 gtm) from 130 m and BMDD310 intersecting 35.5 m @ 5.48 g/t Au (194.54 gtm) from 64 m[59] PEA Key Metrics - The PEA projects average annual gold production of 61,700 ounces[44] - LOM average cash costs are estimated at $1,017 US$/oz, and AISC at $1,199 US$/oz[44] - Growth capital over the first 4 years is projected at $88.7 million[44]

Core Viewpoint - Emerita Resources Corp. is actively drilling at its El Cura deposit, part of the Iberian Belt West project, and has reported significant copper-gold mineralization results, indicating strong potential for resource expansion [1][7][20]. Drilling Results - Recent drilling results from El Cura show copper-gold-rich mineralization with associated zinc-lead-silver, confirming continuity of mineralization [2][4][5]. - Drillhole EC050 encountered 10.8 meters grading 4.8% copper, 1.4 g/t gold, and 72.6 g/t silver, while EC046 encountered 8.9 meters grading 1.1% copper, 1.2 g/t gold, and 15.5 g/t silver [5][6]. - Other notable results include drillhole EC039 with 1.5% copper, 1.0% lead, 1.9% zinc, 2.0 g/t gold, and 38.7 g/t silver [5][6]. Objectives of Drilling Campaign - The drilling campaign aims to determine the continuity of mineralization to support conversion to mineral reserves for an upcoming NI 43-101 compliant prefeasibility study and to test the continuation of the deposit at shallower levels and depth [7]. - The results confirm good continuity of grade and width within the deposit, with potential for further growth through additional drilling [7]. Mineral Resource Estimate - Emerita recently released an updated Mineral Resource Estimate (MRE) for the IBW Project, highlighting the significance of El Cura to the overall resource base [8]. Operational Details - The company has four drill rigs dedicated to testing the El Cura deposit, which remains open in all directions, particularly down plunge and to the west [7][20]. - Quality assurance protocols are in place for the drilling process, including sample preparation and analysis at certified laboratories [21][22]. Company Overview - Emerita Resources Corp. focuses on the acquisition, exploration, and development of mineral properties in Europe, primarily in Spain, with its corporate office in Sevilla and administrative office in Toronto [24].