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Globex Consolidates 100% Ownership of Blackcliff Gold Zone
Globenewswire· 2025-09-02 13:01
Core Viewpoint - Globex Mining Enterprises Inc. has acquired a 100% interest in the Blackcliff Gold Mine Property by purchasing a 50% stake from Altai Resources Inc. for $142,000, enhancing its portfolio in a strategically significant area of Quebec [1][2]. Group 1: Acquisition Details - The Blackcliff Gold Mine Property consists of six claims totaling 127.6 hectares located in Malartic Township, Quebec [1]. - The property is adjacent to the former Camflo Gold Mine, which had a reported resource of 8,862,240 tonnes grading 5.78 g/t Au, and is approximately 6 kilometers northeast of Agnico Eagle Mines Ltd.'s Canadian Malartic Mine [2]. Group 2: Historical Exploration - The Blackcliff Gold Deposit was discovered in 1944, with various shallow drilling campaigns conducted since then, including the establishment of a shaft and drifts in 1947 [3]. - In 1987-88, Essor Exploration conducted a 12-hole, 3,050-meter diamond drill program, which improved the understanding of mineralization and resource evaluation on three of the 14 known veins [4]. Group 3: Resource Estimates - Historical resource estimates indicated probable and possible resources across three veins, with grades ranging from 2.42 g/t Au to 34.29 g/t Au [5][6]. - A subsequent estimate in 1989 reinterpreted the vein structures and calculated a total probable resource of 135,406 tonnes grading 6.89 g/t Au and a possible resource of 120,566 tonnes grading 6.50 g/t Au [7]. Group 4: Exploration Potential - The geological structure of the Blackcliff property shows potential for further exploration, particularly below 300 meters, where previous drilling has been limited [9]. - Globex plans to evaluate the property in light of current strong gold prices and develop an exploration plan to assess the size potential of the Blackcliff gold zone [9].
Dryden Gold Strengthens Its Technical Team with Two New Strategic Advisors
Newsfile· 2025-08-28 10:00
Core Viewpoint - Dryden Gold Corp. has enhanced its technical team by appointing two strategic advisors, Dr. Ben Frieman and Gary Baschuk, to its board of directors, aiming to improve exploration strategies and support continued success in the Dryden Gold District [1][2][3]. Group 1: New Appointments - Dr. Ben Frieman brings expertise in structural interpretation, tectonics, and economic geology, with a focus on the Dryden Gold property, which will aid in targeting strategies for exploration [2]. - Gary Baschuk has nearly 40 years of experience in the mining industry, including significant roles in capital markets and with Barrick Gold, which will contribute to the company's analytical capabilities [3]. Group 2: Stock Options - The Board of Directors has granted 200,000 stock options each to Dr. Frieman and Mr. Baschuk, exercisable at $0.25 per share for 10 years, vesting 25% every six months over two years [4]. - An additional 300,000 stock options have been granted to employees under the same terms [4]. Group 3: Company Overview - Dryden Gold Corp. is focused on discovering high-grade gold mineralization and controls a 100% interest in a strategic land position in the Dryden District of Northwestern Ontario, which includes historic gold mines with limited modern exploration [6][8]. - The property features high-grade gold mineralization over a potential strike length of 50 km along the Manitou-Dinorwic deformation zone and benefits from strong infrastructure and relationships with First Nations communities [6][8].
Stellar AfricaGold Completes First Drill Hole at Tichka Est, Morocco, and Grants Performance Share Units
Thenewswire· 2025-08-26 22:35
Core Viewpoint - Stellar AfricaGold Inc. has successfully completed drill hole TCK-001 at the Tichka Est Gold Project in Morocco, confirming the geological model and anticipating assay results to validate gold potential [1][5]. Drill Program Details - Drill hole TCK-001 was completed to a total depth of 225 meters as part of a 1,500-meter summer diamond drill program at Zone B, covering an area of approximately one square kilometer within the 82 km² Tichka Est Gold Project [2]. - The drilling intersected multiple horizons of fractured diorite between depths of 82 meters and 176 meters, including significant intervals of diorite sill [4]. Geological Findings - Observations from drill hole TCK-001 indicate potential mineralization is predominantly vein-hosted and fracture-controlled, with subvertical quartz ± sulphide veins [4]. - The geological features observed are consistent with those reported in surface trenches where gold mineralization was previously identified [4]. Sample Preparation and Assays - All mineralized intervals from TCK-001 have been logged and marked for sampling, with the first batch of samples expected to be dispatched to Afrilab for assay results anticipated in September [3]. Performance Share Units Granted - The company granted 650,000 Performance Share Units (PSUs) to Dr. Paul Kitto, contingent upon achieving a total of 600,000 ounces of Inferred and Indicated gold resources [5][6]. - Each PSU allows the holder to acquire one common share of the company upon meeting specific performance conditions [6]. Project Overview - The Tichka Est Gold Project consists of seven permits covering an area of 82 km² located in the High Atlas region of Morocco, approximately 90 km south of Marrakech [9]. - Under an earn-in agreement, the company can earn an 85% interest after incurring exploration expenditures totaling US$2.39 million (C$3.5 million) over three years [9]. Exploration Progress - Early-stage exploration has identified three gold-bearing zones, with additional regional sampling revealing numerous anomalous metal zones warranting further investigation [11].
Valkea Resources Commences Fall Exploration Program at the Paana Project and Appoints Exploration Manager in Finland
Newsfile· 2025-08-26 11:30
Core Viewpoint - Valkea Resources has initiated its fall exploration program at the Paana Project in northern Finland, focusing on gold mineralization and has appointed Jens Rönnqvist as Exploration Manager to enhance its technical capabilities [1][3][8]. Exploration Program - The fully funded fall 2025 exploration program aims to systematically evaluate the Aarnivalkea West target and develop new high-priority target areas across the Paana Project [3]. - The Aarnivalkea West target is located approximately 24 km northwest of Agnico Eagle's Kittilä mine and 65 km northwest of Rupert Resource's Ikkari deposit, underlain by highly prospective rocks of the Central Lapland Greenstone belt [3][4]. - The target is considered prospective for both Kittila-style high-grade mineralization and Ikkari-style disseminated mineralization, with a broad and open 1.3 km long target area [3]. Drilling Activities - Diamond drilling will focus on the Koivu Zone at the Aarnivalkea West target, with plans for up to 2,000 meters of drilling in a series of step-out holes [4][5]. - Previous drill results include significant intersections such as 55.48 meters of 1.63 g/t gold and 36.45 meters of 1.50 g/t gold, indicating the potential for further mineralization [5][6]. - A project-wide base of till (BoT) drill program is scheduled to begin, aimed at evaluating high-priority gold anomalies and refining new drill targets [7]. Appointment of Exploration Manager - Jens Rönnqvist has been appointed as Exploration Manager for Finland, bringing over 20 years of experience in mineral exploration in the Nordics [8][9]. - Rönnqvist's background includes extensive work with major mining companies and a strong network within the Nordic mining industry, which will support Valkea's exploration efforts [10].
Golden Cross Resources Launches First-Ever Drilling at Shepherd's Hill and Welcome Reef Gold Prospects
Newsfile· 2025-08-25 11:00
Core Viewpoint - Golden Cross Resources has initiated drilling at the Shepherd's Hill Prospect and secured an access agreement for the Welcome Reef Goldfield, both of which have a rich history of artisanal mining and high-grade gold production, marking the first modern exploration of these historic goldfields [1][6][12]. Group 1: Shepherd's Hill Prospect - The Shepherd's Hill Prospect is a high-grade gold area within the 100%-owned Reedy Creek Project, featuring quartz-sulphide reefs that have never been drilled before [2][5]. - The current drilling program consists of 2,000 meters across five holes, with over 900 meters already completed, and assay results expected in Q4 2025 [2][3]. - Initial drilling has successfully intercepted targeted quartz reefs, revealing structural indicators that provide insights into gold mineralization mechanisms, which will guide future drilling [3][12]. Group 2: Welcome Reef Goldfield - The Welcome Reef Goldfield has a historical production of over 9,000 ounces of gold at an average grade of 25 grams per tonne, with indications that widths and grades improve at depth [5][10]. - Golden Cross is the first company to secure land access for modern exploration at Welcome Reef, which has never been drilled before despite its rich history [6][10]. - The area is historically significant, linked to prospector Louis Ah Mouy, whose success contributed to the establishment of Westpac Bank, highlighting the economic impact of discoveries in this region [11][12]. Group 3: Company Strategy and Future Plans - With the access agreement at Welcome Reef secured, the company aims to advance exploration at both Shepherd's Hill and Welcome Reef, leveraging modern techniques to unlock the potential of these historic sites [13][12]. - The company has completed a total of 2,242 meters of drilling across the Reedy Creek Project, with assays still pending, indicating ongoing exploration efforts [13].
First Nordic Drills 1.94 g/t Au over 21.5 m and 5.45 g/t Au over 4.6 m at Aida and Extends Gold Mineralization to over 2 km
Prnewswire· 2025-08-21 12:00
Core Insights - The Aida drill program has successfully identified multiple parallel mineralized zones, significantly extending the known mineralization along the Aida structural corridor to over 2.1 km in strike length and up to 250 m deep [3][7][8] - The program has intercepted gold-bearing structures in 12 out of 14 drill holes, with visible gold found in 5 holes, indicating a strong potential for further discoveries [2][7][8] - New mineralization zones, including the Pharao Zone and Northern Mafic Zone, have been discovered, which are open in all directions and will be targeted in future drilling campaigns [5][7][8] Drill Program Overview - The 2025 Aida drill program consisted of 39 diamond drill holes totaling 10,304 meters, aimed at systematically expanding known mineralization [2][3] - Results from 14 drill holes have been received, with gold-bearing structures identified in 12 holes using a cutoff of 0.1 g/t [2][6] - The program has successfully extended mineralization along the Aida structural corridor and discovered a previously unknown zone [3][4] Mineralization Characteristics - Gold mineralization is primarily hosted within sheared margins of mafic volcanic units, with two styles of mineralization observed [4][12] - Significant mineralization has been associated with intense shearing and hydrothermal alteration, indicating the presence of a large-scale orogenic gold system [8][12] - The Pharao Zone has a true width of 40 m and has been traced for 250 m in drilling, while the Northern Mafic Zone has shown promising results [5][16] Future Plans - A follow-up drill program is being planned for the fourth quarter of 2025 to further explore the identified mineralized zones [7][8] - The complete results from the 2025 drill program will be analyzed to design subsequent work programs [8] Project Context - The Aida target is strategically located within the Gold Line structural corridor, close to significant gold mining operations, enhancing its exploration potential [10][11] - The project is part of First Nordic Metals Corp.'s broader strategy to consolidate gold exploration assets in Sweden and Finland [18]
Providence Gold Mines Inc. Options La Dama de Oro Gold Property
Thenewswire· 2025-08-20 13:00
Core Viewpoint - Providence Gold Mines Inc. has entered an option agreement to acquire the La Dama de Oro Gold Property, a historical gold mine, subject to regulatory approval [1] Group 1: Acquisition Details - The La Dama de Oro Gold Property is 100% owned by Mohave Gold Mining, a private company based in California [1] - The option agreement allows Providence to purchase 100% of the property under specific terms, including the issuance of common shares and expenditures over four years [5][6][7] Group 2: Technical and Geological Information - Ethos Geological Inc. has been commissioned to complete an NI 43-101 technical report for the property, which is currently at an early exploration stage and lacks sufficient data for a mineral resource [2] - The property is located in the Silver Mountain Mining District, characterized by complex geology including Mesozoic quartz monzonite and Jurassic Sidewinder Volcanics [3] - Mineralization is classified as a low-sulfidation epithermal gold-silver vein system, with the largest known vein measuring 4.5 feet at its widest point [4] Group 3: Exploration Potential - The property has an approved exploration permit that includes a bulk sample, indicating potential for further exploration and discovery of additional veins along the fault system [4] - Ronald A. Coombes, President & CEO of Providence, emphasized the historical gold production at La Dama de Oro, suggesting strong discovery potential [7]
Allegiant Receives BLM Approval for Exploration at Castle Zone Within Eastside Gold Project Plan of Operation Significantly Expands the Project Area
Thenewswire· 2025-08-20 13:00
Tonopah, Nevada / August 20, 2025 – TheNewswire - Allegiant Gold Ltd. ("Allegiant" or the "Company") (AUAU: TSX-V) (AUXXF: OTCQX) is pleased to announce that it has received formal approval from the Bureau of Land Management (BLM) and the Nevada Division of Environmental Protection (NDEP) for its Environmental Assessment (EA) and Plan of Operations for the Castle Project, located in Esmeralda County, Nevada, approximately 22 miles west of Tonopah. The approval allows Allegiant to proceed with an extensive m ...
Northern Star Resources (NESR.F) 2025 Earnings Call Presentation
2025-08-05 00:30
Northern Star Overview - Northern Star sold 1,634 koz of gold in FY25 [12] - The All-in Sustaining Cost (AISC) for FY25 was A$2,163/oz [12] - Net mine cashflow for FY25 reached A$1,189 million, with cumulative net mine cashflow from FY12-1H FY25 totaling A$32 billion [17] - Cumulative dividends from FY12-1H FY25 amounted to A$14 billion [17] KCGM Operations - KCGM's Mineral Resources have increased by 104% since acquisition [24] - Ore Reserves at KCGM have increased by 48% since acquisition [24] - FY25 gold production at KCGM was 419 koz [28] - Production guidance for FY26 at KCGM is projected to be 550-600 koz [28] - The KCGM Mill Expansion project is expected to deliver approximately 900 kozpa from FY29 onwards for 10 years [28] - As of March 31, 2025, KCGM's total Mineral Resources were 836,282 thousand tonnes at 14 gpt, containing 38,867 thousand ounces of gold, and total Ore Reserves were 363,973 thousand tonnes at 12 gpt, containing 14,441 thousand ounces of gold [63] Yandal Operations - Yandal Production Centre FY25 AISC: A$2,317/oz [35] - Jundee AISC: A$2,064/oz [35] - Thunderbox AISC: A$2,629/oz [35] - FY26 AISC guidance: A$2,600-2,900/oz [35] - Yandal targets 500–550koz to control future cost base [35] Pogo Operations - Pogo sold 283 koz of gold in FY25 [40] - The AISC for FY25 was US$1,341/oz [41] - Net mine cash flow for FY25 was US$297 million [44] - As of March 31, 2025, Pogo's total Mineral Resources were 19,111 thousand tonnes at 100 gpt, containing 6,163 thousand ounces of gold, and total Ore Reserves were 9,130 thousand tonnes at 72 gpt, containing 2,126 thousand ounces of gold [64]
Mines d'Or Orbec Mobilizes 2025 Surface Exploration on Second Target While Awaiting Drill Results from Lac Bernard
Newsfile· 2025-07-29 12:20
Core Insights - Mines d'Or Orbec Inc. has initiated its 2025 surface exploration program on a second high-priority target within the Muus Property, separate from the earlier Lac Bernard South drill campaign [1][3] - The company is awaiting assay results from the Lac Bernard drilling while advancing work on the new target to unlock the broader potential of the Muus Property [1][3] Exploration Program Details - The 2025 surface exploration program will include systematic mapping, sampling, and LiDAR work through Q3 2025 [8] - Activities will focus on channel sampling over mineralized zones, ground truthing of geophysical anomalies, and prospecting for additional drill targets [9] Strategic Location and Geology - The Muus Property is strategically located along the Guercheville Deformation Zone in Quebec's Abitibi Greenstone Belt, covering 25,250 hectares with favorable geology and historical indicators of mineralization [7][12] - The property is in proximity to IAMGOLD's Nelligan Deposit, which has indicated mineral resources of 3.1 million ounces of gold and inferred resources of 5.1 million ounces [10] CEO Commentary - CEO John Tait emphasized that the 2025 surface work aims to build on the momentum from the spring drill campaign, which successfully intersected zones of alteration and mineralization [6] Next Steps - The company plans to complete surface mapping and sampling, with assay results from the summer 2025 drilling campaign at Lac Bernard South expected by the end of Q3 2025 [10][15]