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Trident Resources Receives Drill Permits for its High-Grade Gold Projects Located in Saskatchewan; Plans for Upcoming Drill Programs
Globenewswire· 2025-05-06 12:00
Vancouver, BC, May 06, 2025 (GLOBE NEWSWIRE) -- Trident Resources Corp. (TSXV: ROCK) (OTCQB: EROSD) ("Trident" or the "Company") is pleased to announce that the Saskatchewan Ministry of Environment has issued two exploration permits for the Contact Lake and Preview SW Gold Deposits. Both deposits are located on the Contact Lake Gold Property, one of Trident Resources' three wholly owned gold and copper projects in Saskatchewan. Trident looks forward to conducting drill programs at the past producing Contact ...
Inventus Announces Early Warrant Exercise by McEwen Mining and Begins Grade Control Drilling at Pardo
Globenewswire· 2025-05-06 11:00
TORONTO, May 06, 2025 (GLOBE NEWSWIRE) -- Inventus Mining Corp. (TSXV: IVS) ("Inventus" or the "Company") is pleased to announce that McEwen Mining ("MUX") has exercised 9,200,000 common share purchase warrants as part of the early warrant exercise incentive program for gross proceeds of $828,000. Proceeds from the warrant exercise will be used to advance the Company's 2025 bulk sampling program at its 100%-owned Pardo Gold Project, located 65 km northeast of Sudbury, Ontario. Highlights As part of the bulk ...
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]
Greenridge Exploration Announces 2025 Exploration Plans for the Blackbird Project in Northern Saskatchewan
Globenewswire· 2025-05-05 12:00
VANCOUVER, British Columbia, May 05, 2025 (GLOBE NEWSWIRE) -- Greenridge Exploration Inc. ("Greenridge" or the "Company") (CSE: GXP | FRA: HW3 | OTCQB: GXPLF), is pleased to announce its exploration plans for a helicopter-borne time domain electromagnetic ("TDEM") survey and follow-up prospecting and mapping (the "Program") at the Blackbird Project (the "Blackbird Property", or the "Project") located in northern Saskatchewan, Canada. The Blackbird Property is situated in an underexplored area of Saskatchewa ...
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
Core Insights - The recent drilling program at the Abore deposit has revealed a new high-grade mineralization zone, with significant intercepts that extend the known high-grade zone, indicating substantial growth potential for the site [4][2][1] Drilling Results - The 2025 Abore infill drilling program consisted of 26 holes totaling 5,543 meters, with notable intercepts including hole ABPC25-346, which reported 50 meters at 3.2 grams per tonne (g/t) gold from 100 meters depth [1][6] - High-grade intervals were found in multiple holes, confirming that mineralization continues beyond the current Mineral Reserve boundaries at Abore South [2][5] Geological Characteristics - The mineralization at Abore is primarily hosted within the Abore granite, characterized by significant hydrothermal alteration, high-density quartz veining, and visible gold [3][8] - The geology of the Abore deposit is part of the northeast striking Asankrangwa gold belt, with mineralization constrained to granite and developed along the western margin of the granite/sediment contact [8] Resource Estimates - Current Measured and Indicated Resources at Abore are estimated at 638,000 ounces at 1.24 g/t gold, with Inferred Resources of 78,000 ounces at 1.17 g/t gold, as of December 31, 2024 [7] Future Exploration Plans - The company aims to establish its first underground resource at the AGM by 2025, with ongoing exploration expected to enhance the potential for high-grade mill feed [7][4]
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]
TUDOR GOLD Receives Five Year Exploration Permit to Advance the Treaty Creek Project
Newsfile· 2025-05-01 15:48
TUDOR GOLD Receives Five Year Exploration Permit to Advance the Treaty Creek ProjectMay 01, 2025 11:48 AM EDT | Source: Tudor Gold Corp.Vancouver, British Columbia--(Newsfile Corp. - May 1, 2025) - Tudor Gold Corp. (TSXV: TUD) (FSE: H56) (the "Company" or "Tudor") is pleased to announce that it has received exploration permits from the British Columbia Ministry of Mining and Critical Minerals for its flagship Treaty Creek Property, located in the heart of the Golden Triangle of Northwestern Br ...
Plato Gold Announces Preparations for First Ever Drill Program at Lolita Project, Santa Cruz, Argentina
Globenewswire· 2025-05-01 12:30
Core Points - Plato Gold Corp. is advancing preparations for its first drill program at the Lolita Project in Santa Cruz, Argentina, marking a significant step in its exploration efforts [1][2] - The company has received approval from the Secretariat of Mining of Santa Cruz for an updated environmental impact assessment, allowing it to conduct a diamond drilling campaign [2] - The province of Santa Cruz is the largest producer of precious metals in Argentina, with exports valued at USD 1.789 billion in 2024 [2] Financing and Contracts - Plato has entered into loan agreements totaling US$1,050,000 to finance the drill program, with an interest rate of 7% per annum [4] - The loans are unsecured and may be convertible into common shares at a minimum price of $0.05 per share [4] - A related party transaction involves a loan of US$1,000,000 from Anthony Cohen, President of Plato, with exemptions from formal valuation and minority shareholder approval [6] Drilling Plans - Drilling is set to commence in May 2025, targeting approximately ten diamond drill holes at the Panza, Espalda, and Corazon targets, with depths of 200 to 400 meters [7] - The targets are characterized by low-sulphidation, epithermal vein systems with pathfinder anomalies of arsenic, antimony, and mercury [7] - The Lolita Project has not been previously drill-tested or explored for precious metals, but nearby projects indicate potential for significant resources [8] Company Overview - Plato Gold Corp. is a Canadian exploration company with projects in Ontario and Argentina, focusing on gold and silver exploration [11][12] - The company holds a 95% interest in Winnipeg Minerals S.A., which has mineral rights totaling 9,672 hectares in Argentina [12]
Metalsource provides update on exploration at Aruba
Globenewswire· 2025-05-01 12:00
Core Insights - Metalsource Mining Inc. is advancing its exploration program at the Aruba Property, focusing on soil sampling and ground gravity surveys to identify drill targets for manganese mineralization [1][2][3] Group 1: Exploration Program - The exploration program includes soil sampling and a gravity survey aimed at delineating geophysical signatures in the Transvaal Supergroup, which is known for manganese deposits [1][2] - Soil samples have been collected from the Kanye Basin portion of the Transvaal Supergroup and are being analyzed using portable XRF and prepared for ICP analysis [2] - The gravity survey, combined with soil sample data, will inform the upcoming drill campaign [2] Group 2: Project Overview - The Aruba Project encompasses five prospecting licenses covering approximately 4,663 km in South-Central Botswana, underlain by the Kanye Basin [4] - The Transvaal Supergroup in this region contains 40% of the world's manganese reserves, with mineralization primarily found in the Black Reef Formation [4] - The project area is strategically located between Jwaneng and Werda, near the South African border, and is adjacent to Rio Tinto Exploration [5] Group 3: Company Leadership and Vision - CEO Joseph Cullen expressed enthusiasm about initiating exploration, highlighting the team's commitment to expanding knowledge and preparing for drilling [3] - The company aims to locate and develop economic precious and base metal properties, with ongoing exploration efforts on the Old Timer Property in British Columbia [7]
2024 Year-End Exploration Results
Prnewswire· 2025-04-30 13:00
Core Viewpoint - Hycroft Mining Holding Corporation has announced significant high-grade gold and silver drill results from its 2024 exploration program at the Hycroft Mine in Nevada, indicating strong potential for future mining operations and exploration opportunities [1][9]. Exploration Results - The 2024 exploration program included 9,058 meters of drilling, geophysics, geochemistry, and mapping campaigns, leading to a better understanding of mineralization controls in high-grade trends [4][6]. - High-grade silver was consistently found at the Brimstone target, with several intervals exceeding 1000 g/t silver, marking some of the best drill results in the company's history [3][4]. - The Vortex target also showed promising results, with high-grade silver and gold intersections, indicating strong continuity and potential for further exploration [3][5]. Specific Drill Highlights - Brimstone: Notable drill results include H24D-6011 with 53.3 meters of 218.92 g/t Ag and 0.26 g/t Au, and H24D-6012 with 50.7 meters of 101.82 g/t Ag and 0.28 g/t Au [4][7]. - Vortex: Drill hole H24D-6007 encountered 950 g/t silver and 4.78 g/t gold before being lost, suggesting high potential at depth [3][5]. - Manganese Target: Identified oxide mineralization within 120 meters of the surface, indicating potential for heap leach opportunities [3][4]. Future Potential - The company is assessing the potential for a start-up heap leach operation in advance of the sulfide milling operation, given the high commodity price environment [4][9]. - The exploration strategy has shifted to target high-grade mineralization based on new geological understandings, which could lead to further discoveries [4][6]. Company Overview - Hycroft Mining Holding Corporation is focused on developing the Hycroft Mine, one of the largest precious metals deposits globally, and transitioning to commercial operations for processing sulfide ore [9].