Core Insights - Denarius Metals Corp. announced final results from its infill drilling program at the Las Brisas Target within the Zancudo Project in Colombia, confirming high-grade mineralization and the discovery of a new manto vein [1][3][5] Drilling Program Overview - The 2024 infill drilling program included 13 drill holes totaling approximately 2,435 meters, contributing to a total of 7,225 meters drilled in 45 holes for the year [3][4] - The program aimed to upgrade Inferred Resources to Indicated Resources and support near-term mine development, focusing on the Los Albertos and Las Brisas targets [4][8] Drilling Results - Significant intercepts included: - 18.27 g/t Au and 1,819 g/t Ag over 0.30 m from hole ZM-185 on the Manto Antiguo vein - 23.11 g/t Au and 1,653 g/t Ag over 0.40 m from hole ZM-193 on the Manto Antiguo vein - 14.0 g/t Au and 96 g/t Ag over 0.70 m from hole ZM-190 on the Santa Catalina vein - 17.20 g/t Au and 101 g/t Ag over 0.30 m from hole ZM-192 on the Santa Catalina vein - 12.12 g/t Au and 93 g/t Ag over 0.50 m from hole ZM-185 on the newly discovered Manto Brisas vein [5][10] New Discoveries - The discovery of the Manto Brisas vein introduces a new exploration target, enhancing the potential for future resource expansion at the Las Brisas Target [6][10] - The results confirm continuity of mineralization in the Manto Antiguo and Santa Catalina veins, with a delineated high-grade ore shoot still open along strike [5][6] Future Plans - The company plans to complete an updated Mineral Resource estimate incorporating the 2024 drilling results in Q3 2025 and has commenced mining operations at the Zancudo Project [6][8] - An additional drilling campaign is planned for 2025 to further upgrade resources and accelerate mine development [8]

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]

VANCOUVER, BC, April 15, 2025 /PRNewswire/ - Norsemont Mining Inc., (CSE: NOM) (OTCQB: NRRSF) (FWB: LXZ1) ("Norsemont" or the "Company") is pleased to announce an updated Mineral Resource Estimate ("MRE") of 2,184,000 indicated gold equivalent ounces and 557,000 inferred gold equivalent ounces for its Choquelimpie Gold-Silver-Copper Project ("Choquelimpie" or "the Project"), located in the Province of Parinacota, Region XV, Northern Chile. Norsemont holds a 100% ownership interest in the Project, through it ...

Core Viewpoint - Blue Moon Metals Inc. has announced a maiden mineral resource estimate for the Sulitjelma VMS deposit in Norway, indicating significant potential for further exploration and development in a historically productive mining district [1][2][6]. Mineral Resource Estimate - The maiden mineral resource estimate includes 17 million tonnes grading 1.06% Cu and 0.21% Zn in the inferred category, excluding gold, silver, and sulfur which were historically recovered as by-products [2][11]. - The resource estimate is classified entirely as Inferred Mineral Resources, which are considered too speculative to have economic viability applied [11][12]. Project Development Plans - The company plans to focus on the Rupsi and Dypet deposits, with government approval to extend an existing mine tunnel by up to 1 km and conduct 10,000 meters of underground drilling, with a budget of approximately 37 million NOK (~US$3.4 million) [3][6]. - Exploration activities will target mineral potential, with current underground workings in good condition, ending approximately 200 meters from the resource estimate outline [3][23]. Historical Context and Infrastructure - The Sulitjelma Project is located in a significant mining district with historical production of 26 million tonnes of copper at a grade of 1.80% from 1891 to 1991 [1][6]. - Blue Moon holds exclusive options to purchase historical processing plant infrastructure for a nominal value of 1 NOK (~US$0.1) and has access to numerous historical mining tunnels for efficient exploration [6][30]. Exploration Strategy - The exploration program aims to expand known mineralized zones and enhance resource confidence through systematic drilling, geological mapping, and geophysical surveys [23][24]. - The company anticipates that results from the exploration program will significantly advance the understanding and potential of the Sulitjelma Project [24][30].

Core Viewpoint - Nova Pacific Metals Corp. has received a drilling permit for its Lara VMS Project, allowing the company to conduct a 10,000-meter diamond drill program to confirm and update historical mineral resource estimates [1][2]. Group 1: Drilling Program Details - The permit authorizes a total of 50 drill holes as part of the planned program, which aims to provide confirmation of the historical mineral resource estimate from 2008 and gather infill drilling data for an updated Mineral Resource Estimate (MRE) expected by the end of September [2][4]. - The Lara deposit is classified as Kuroko-type VMS, featuring volcanic-hosted, stratiform sulphide mineralization across three zones over a strike length of approximately 1.5 kilometers [3]. Group 2: Historical Resource Estimate - The historical resource estimate includes: - Indicated: 1,146,700 tonnes with 3.01% Zinc, 32.97 g/t Silver, 1.05% Copper, 0.58% Lead, and 1.97 g/t Gold at a 1% Zinc block cut-off - Inferred: 669,600 tonnes with 2.26% Zinc, 32.99 g/t Silver, 0.9% Copper, 0.44% Lead, and 1.9 g/t Gold at a 1% Zinc block cut-off - Indicated: 428,600 tonnes with 5.65% Zinc, 47.04 g/t Silver, 2.25% Copper, 1.18% Lead, and 2.39 g/t Gold at a 2% Zinc block cut-off - Inferred: 207,900 tonnes with 3.99% Zinc, 37.57 g/t Silver, 1.73% Copper, 0.84% Lead, and 2.3 g/t Gold at a 2% Zinc block cut-off [4]. Group 3: Financial and Operational Context - The CEO of Nova Pacific highlighted that the current metal prices have significantly increased the potential value of the Lara deposit, which has undergone 50,000 meters of historical drilling and 650 meters of preproduction underground development, costing upwards of $30 million in today's dollars [4][5]. - The company has recently completed flow-through financing amounting to $2,640,540, positioning the project for rapid advancement [4][5]. Group 4: Community and Environmental Commitment - Nova Pacific operates on the Traditional, Ancestral, and Unceded Territory of the Stz'uminus and Hul'qumi'num Treaty Group, emphasizing the company's commitment to fostering relationships with local communities and contributing to shared prosperity [9][10].

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 ...

Group 1 - Goldshore Resources Inc. has received an extension from the British Columbia Registrar of Companies to hold its annual general meeting (AGM) by October 23, 2025, instead of the original deadline of April 23, 2025 [1] - Goldshore is a growth-oriented gold company focused on acquiring and advancing primary gold assets in tier-one jurisdictions, led by experienced professionals and backed by a prominent private equity firm [2] - The company's primary focus is the Moss Gold Project in Ontario, Canada, which has seen over $60 million in new capital investment and approximately 80,000 meters of drilling, contributing to a total of over 235,000 meters drilled [2] Group 2 - The updated mineral resource estimate for the Moss Gold Project indicates 1.54 million ounces of Indicated gold resources at 1.23 g/t Au and 5.20 million ounces of Inferred gold resources at 1.11 g/t Au, covering only 3.6 kilometers of a 35+ kilometer mineralized trend [2] - The Moss Gold Project remains open at depth and along strike, representing one of the few major Canadian gold deposits positioned for development in the current cycle [2]

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].