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Red Canyon Commences Kendal Ridge Targeted Drill Program
Thenewswire· 2025-09-16 10:30
Core Insights - Red Canyon Resources Ltd. has initiated diamond drilling at its 100% owned Kendal copper project in British Columbia, focusing on value-driven exploration for copper and copper-gold resources in North America [1][18] - The Kendal project is characterized as a large-scale hydrothermal system with potential multiple copper porphyry centers, covering an area of 4 km by 3 km [1][15] - The 2025 drilling program will primarily target the Kendal Ridge area, which is identified as the most advanced target within the Kendal system [1][3] Company Highlights - Wendell Zerb, Chairman and CEO, emphasizes the significant scale of the Kendal system and its proximity to essential infrastructure, which could enhance project economics [1] - The company controls a portfolio of seven 100%-owned copper and copper-gold projects in British Columbia and the Western United States [3] Kendal Project Details - The Kendal project consists of eight mineral claims totaling 3,582 hectares, located approximately 25 km northeast of Terrace, British Columbia [2] - Excellent infrastructure includes four highways, hydroelectric power, rail corridors, and port facilities about 120 km away at Prince Rupert [2] Drilling Program - The planned drilling program includes up to 8 drill holes totaling approximately 2,500 meters, focusing on the Kendal Ridge area [3][4] - Previous drilling in 2024 revealed a large-scale hydrothermal system with low-grade copper and molybdenum mineralization, indicating the potential for a significant copper center [3][15] - The 2025 program will utilize findings from expanded lithogeochemical studies and a MobileMT geophysical survey to optimize drilling locations [3][7] Geological Insights - The Kendal Ridge area is modeled within a broad zone of potassic alteration, suggesting that copper mineralization may be close to the surface [3][15] - Recent fieldwork has identified B veins in the Kendal Ridge area, extending the known potassic alteration footprint over a minimum strike length of 1.5 km [16] Financing and Future Plans - On August 26, 2025, the company announced a non-brokered private placement to raise up to C$2,200,000, with participation from a multinational mining company [17] - The financing is expected to close on September 18, 2025, supporting ongoing exploration efforts [17]
Integral Metals Corp. Announces Completion of Soil Geochemical Dataset at the KAP Project
Globenewswire· 2025-09-15 12:00
Core Insights - Integral Metals Corp. has completed a comprehensive soil geochemical dataset at its KAP project, revealing significant zinc and lead anomalies [1][5] Group 1: Geochemical Dataset - A total of 2,164 soil samples were collected, focusing on B-horizon soils to ensure consistency and minimize contamination [2] - Zinc values ranged from approximately 15 ppm to highs exceeding 69,900 ppm, while lead values ranged from 7 ppm to a maximum of 20,100 ppm [3] - Supporting elements included cadmium, with values reaching over 350 ppm, and thallium detected above background levels in association with elevated lead [3] Group 2: Analysis and Future Plans - The new dataset establishes a baseline for the geochemical character of the Main Showing and confirms the effectiveness of soil sampling in detecting mineralization [4] - The company has initiated detailed statistical and spatial analysis of the dataset, focusing on multi-element relationships and anomaly clustering [4] - The CEO expressed confidence in the scale and strength of the Main Showing, indicating plans for further exploration and drill target definition [5] Group 3: Company Overview - Integral Metals Corp. is engaged in mineral exploration for critical minerals, including gallium, germanium, and rare earth elements, aiming to contribute to a domestic supply chain [7] - The company holds properties in mining-friendly jurisdictions in Canada and the USA, with regulatory support for its exploration efforts [7]
Domestic Metals Announces LIFE Offering of Units
Globenewswire· 2025-09-15 11:30
Core Points - Domestic Metals Corp. announces a non-brokered private placement to raise up to $3 million through the issuance of up to 10,714,285 units at a price of $0.28 per unit [2][6] - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of an additional share at $0.40 for three years [3][6] - The offering is expected to close around October 7, 2025, pending regulatory approvals [6] Company Overview - Domestic Metals Corp. is focused on mineral exploration, particularly for large-scale copper and gold deposits in historical mining areas in the Americas [8] - The company aims to discover new economic mineral deposits in geologically favorable regions, leveraging historical drilling and sampling data [8] - The Smart Creek Project in Montana is highlighted as a key asset, featuring widespread copper mineralization and multiple exploration targets [9]
IAMGOLD 2025 Drill Program Extends Mineralization at Nelligan and Monster Lake
Newsfile· 2025-09-15 11:00
Core Insights - IAMGOLD Corporation has announced positive assay results from its 2025 drilling programs at the Nelligan and Monster Lake projects, confirming the extension of mineralized zones at both sites [2][3] - The combined resources at Nelligan and Monster Lake are nearly 9 million ounces, positioning Nelligan among the largest gold projects in Canada with significant growth potential [3][16] Nelligan Project Highlights - The 2025 drilling program at Nelligan included 27 diamond drill holes totaling 11,583 meters, confirming significant extensions of gold-bearing zones, particularly in the Renard, Footwall, and Zone 36 areas [8][16] - Notable assay results include 20.6 meters at 1.93 grams per tonne (g/t Au) and 36.5 meters at 3.03 g/t Au, indicating high-grade mineralization [6][8] - As of December 31, 2024, Nelligan's estimated mineral resources comprised 102.8 million tonnes of Indicated Resources grading 0.95 g/t Au for 3.1 million ounces and 166.4 million tonnes of Inferred Resources grading 0.96 g/t Au for 5.2 million ounces [21][22] Monster Lake Project Highlights - The Monster Lake drilling program involved 16 diamond drill holes totaling 10,137.5 meters, aimed at expanding mineralized zones and improving resource classification [23][24] - Significant assay results include 4.9 meters at 127.3 g/t Au and 9.0 meters at 23.4 g/t Au, showcasing the high-grade nature of the mineralization [11][30] - As of December 31, 2024, the estimated mineral resources at Monster Lake included 239,000 tonnes of Indicated Resources grading 11.0 g/t Au for 84,200 ounces and 1,053,000 tonnes of Inferred Resources grading 14.4 g/t Au for 488,500 ounces [30] Future Exploration Plans - The next phases of drilling at both Nelligan and Monster Lake will focus on infill drilling to convert Inferred Resources into Indicated Resources and to explore deeper extensions of the mineralized zones [14][25] - Regional exploration activities will continue to refine geological and structural models to identify additional targets for evaluation [15][25]
Aya Gold & Silver Confirms Discovery of New High-Grade Gold Zone at Asirem, West of Boumadine, Expands Footprint and Reports High-Grade Results from Boumadine Main Trend and Tizi Zone
Globenewswire· 2025-09-15 11:00
Core Insights - Aya Gold & Silver Inc. has announced new drilling results that support the discovery of a new gold zone at the Asirem Zone in Morocco, indicating its potential as a significant exploration target [1][3] - The company has reported high-grade drill results from the Boumadine Main Trend and Tizi Zone, and has expanded its regional footprint by acquiring two new mining licenses [1][3] Exploration Results - The Asirem Zone has been traced over an 8-kilometer strike length, with drilling results showing gold grades of up to 12.2 g/t and copper grades of 4.1% [3][4] - Significant intercepts from the Boumadine Main Trend include 369 g/t silver equivalent over 9.0 meters and 232 g/t silver equivalent over 12.2 meters, confirming the high-grade continuity of the mineralization [4][10] - A total of 102,979 meters have been drilled at Boumadine in 2025, with ongoing drilling focused on extending known mineralization trends [9][10] Future Plans - A Preliminary Economic Assessment (PEA) for the Boumadine Main Trend is expected to be released by year-end, which will further highlight the project's potential [3][4] - The company plans to continue drilling at the newly discovered 8-kilometer Asirem trend, with a total drilling program of 100,000 to 140,000 meters planned [18][21] Geological Insights - The geology of the Asirem Zone consists of Neoproterozoic rocks, primarily rhyolitic tuffs, with mineralization associated with quartz and carbonate veins containing gold, copper, and traces of silver, lead, and zinc [14][17] - The mineralization in the Boumadine area is characterized by massive sulphide lenses and veins, indicating a complex geological environment conducive to mineral deposits [11][14]
Plato Gold Announces Results of Drill Program at Lolita Project, Santa Cruz, Argentina
Globenewswire· 2025-09-12 11:30
Core Viewpoint - Plato Gold Corp. has announced the results of its drilling program at the Lolita Project in Santa Cruz, Argentina, revealing non-economic gold and silver values but significant anomalous pathfinder elements [1][4][11]. Drilling Program Summary - Drilling commenced in May and concluded by mid-June, totaling 1,585 meters across 12 holes, with lengths ranging from 74 to 242 meters [2]. - The program was completed within the projected budget [2]. Sample Results - Results from 299 samples, including quality control samples, have been reviewed and passed by the Qualified Person [3]. - Maximum values recorded in drill core include 15 parts per billion of gold and 5.8 parts per million of silver, with arsenic at 1,059 ppm, antimony at 230 ppm, mercury at 15 ppm, and sulfur at 1.7 percent [4]. Geological Findings - Drill holes at Panza and Corazon intersected silica veinlets and hydrothermal breccias within a specific stratigraphic unit of competent, felsic volcanic rock, possibly an ignimbrite [4]. - Anomalous mineralization appears to be stratigraphically controlled rather than influenced by steep structures, with significant volumes of alteration and mineralization lacking precious metals [6][7]. Anomalous Element Values - Selected anomalous pathfinder element values include: - Panza LO-25-003: 25.35 m interval with 395 ppm arsenic and 0.69% sulfur [8] - Panza LO-25-009: 37.90 m interval with 308 ppm arsenic and 0.66% sulfur [8] - Corazon LO-25-011: 37.30 m interval with 166 ppm arsenic and 0.42% sulfur [8] - Corazon LO-25-012: 45.00 m interval with 237 ppm arsenic and 0.64% sulfur [8] Future Considerations - The geological occurrence of these mineralization zones is atypical for the Deseado Massif, and the significance of these findings will be further studied by the company [11].
Plato Gold Announces Results of Drill Program at Lolita Project, Santa Cruz, Argentina
Globenewswire· 2025-09-12 11:30
Core Viewpoint - Plato Gold Corp. has announced the results of its drilling program at the Lolita Project in Santa Cruz, Argentina, revealing non-economic gold and silver values but significant anomalous pathfinder elements. Drilling Program Summary - Drilling commenced in May and was completed by mid-June, totaling 1,585 meters drilled across 12 holes, with lengths ranging from 74 to 242 meters [2] - The program was completed within the projected budget [2] Sample Results - Results from 299 samples, including quality control samples, have been reviewed and passed by the Qualified Person [3] - Maximum values recorded in drill core include 15 parts per billion of gold and 5.8 parts per million of silver, with arsenic at 1,059 ppm, antimony at 230 ppm, mercury at 15 ppm, and sulfur at 1.7 percent [4] Geological Findings - Drill holes at Panza and Corazon intersected silica veinlets and hydrothermal breccias within a specific stratigraphic unit of competent, felsic volcanic rock [4] - Anomalous mineralization appears to be stratigraphically controlled rather than by steep structures, with significant volumes of alteration and mineralization lacking precious metals [6][7] Anomalous Element Values - Selected anomalous pathfinder element values include: - Panza LO-25-003: 25.35m interval with 395 ppm arsenic and 0.69% sulfur [9] - Panza LO-25-009: 37.90m interval with 308 ppm arsenic and 0.66% sulfur [9] - Corazon LO-25-011: 37.30m interval with 166 ppm arsenic and 0.42% sulfur [9] - Corazon LO-25-012: 45.00m interval with 237 ppm arsenic and 0.64% sulfur [9] Future Considerations - The geological occurrence of mineralization zones with anomalous pathfinder elements is atypical for the Deseado Massif, and the significance of these findings will be further studied by the company [12]
REPEAT – Domestic Metals Provides Project Update for Ongoing Field Level Exploration at the Smart Creek Project
Globenewswire· 2025-09-12 11:30
Core Viewpoint - Domestic Metals Corp. is advancing exploration activities at the Smart Creek Project in Montana, focusing on identifying mineralization vectors for porphyry copper-gold and related carbonate replacement deposits, with drilling planned for late 2025 or early 2026 [1][2][3]. Exploration Update - Fieldwork including mapping, sampling, and prospecting is currently underway at the Smart Creek Project, targeting high-priority areas such as Smart Creek, Sunrise, and Radio Tower zones [1][3]. - The exploration program is systematic and is expected to last 40 days, aimed at identifying structural, lithological, alteration, and geochemical vectors towards mineralized centers [3]. Target Areas - The Smart Creek target is characterized by favorable geological formations and has shown promising mineralization at the surface, including copper oxides and porphyry-related mineralization [6]. - The Sunrise Mine has historical production of 12,500 ounces of gold and has been identified as a high-priority drill target due to the discovery of a gold mineralized porphyry intrusion nearby [7]. - The Radio Tower target exhibits a significant alteration footprint and is considered a stand-alone target for copper-gold-silver enriched mineralization [8]. Exploration Techniques - Novel exploration techniques are being employed, including carbon-oxygen isotope sampling, ultraviolet light imaging, and portable XRF analysis to enhance the identification of mineralization [4]. Company Overview - Domestic Metals Corp. is focused on discovering large-scale copper and gold deposits in historically significant mining areas across the Americas, leveraging an experienced management and technical team [9][10].
Lancaster Resources Appoints Veteran Explorer Ross Brown as VP, Exploration to Lead Lake Cargelligo Gold Project Amid Record Gold Prices
Globenewswire· 2025-09-12 11:00
Core Viewpoint - Lancaster Resources Inc. has appointed Ross Brown as Vice President of Exploration to lead the advancement of its Lake Cargelligo Gold Project in New South Wales, Australia, coinciding with record-high gold prices and strong investor interest in gold exploration [2][5]. Company Overview - Lancaster Resources Inc. is a Canadian exploration company focused on critical mineral and gold projects, holding a 100% interest in the Lake Cargelligo Gold Project, which spans over 28,768 hectares [12]. - The company also has assets in Canada, including the Lac Iris polymetallic project and options for other projects in Quebec and Saskatchewan [12]. Appointment of Ross Brown - Ross Brown is recognized as a discovery-focused leader with nearly four decades of experience in exploration across various regions, including Australia, Africa, and South America [4][6]. - His previous roles include founding and managing ASX-listed companies, such as Oklo Uranium and Inca Minerals, demonstrating a proven track record in advancing early-stage projects [4][10]. Exploration Strategy - The near-term exploration program at Lake Cargelligo will involve geological mapping, geochemistry, and updated geophysics to define drill targets and accelerate project advancement [5][10]. - Historical results from the project include high-grade findings, such as up to 204 g/t Au and 273 g/t Ag from rock chips, and 16m at 5.83 g/t Au and 7.20 g/t Ag from channel sampling [10].
Lancaster Resources Appoints Veteran Explorer Ross Brown as VP, Exploration to Lead Lake Cargelligo Gold Project Amid Record Gold Prices
Globenewswire· 2025-09-12 11:00
Core Viewpoint - Lancaster Resources Inc. has appointed Ross Brown as Vice President of Exploration to lead the development of the Lake Cargelligo Gold Project in New South Wales, Australia, coinciding with record-high gold prices and strong investor interest in gold exploration [1][2][5]. Company Overview - Lancaster Resources Inc. is a Canadian exploration company focused on critical mineral and gold projects, holding a 100% interest in the Lake Cargelligo gold project, which spans over 28,768 hectares [12]. - The company also has assets in Canada, including the Lac Iris polymetallic project and options for other projects in Quebec and Saskatchewan, providing exposure to various mineral exploration opportunities [12]. Appointment of Ross Brown - Ross Brown is recognized as a discovery-focused leader with nearly four decades of experience in exploration across multiple continents, including Australia, Africa, and South America [4][6]. - His previous roles include founding and managing ASX-listed companies, demonstrating a proven track record in advancing early-stage projects into significant exploration plays [4][10]. - The appointment is seen as a pivotal moment for Lancaster, with expectations that Brown's expertise will enhance the company's exploration efforts at Lake Cargelligo [5][10]. Exploration Plans - Lancaster's near-term exploration program at Lake Cargelligo will involve geological mapping, geochemistry, and updated geophysics to quickly define drill targets and expedite project advancement [5][10]. - Historical results from the project include high-grade findings, such as up to 204 g/t Au and 273 g/t Ag from rock chips, and 16m @ 5.83 g/t Au and 7.20 g/t Ag from channel sampling [10].