Core Viewpoint - Greenhawk Resources Inc. has entered into an Option and Joint Venture Agreement with 1531323 BC Ltd. to advance the exploration and development of its Greenland properties, specifically the Storø and Qingaaq mineral exploration licenses [1][2]. Financial Terms - Under the Option Agreement, 1531323 BC is granted an option to acquire an 80% interest in the Properties for an upfront payment of $100,000 and a commitment to incur $1,400,000 in expenditures over 24 months [2]. - The expenditure schedule includes a minimum of $450,000 within 6 months, $350,000 within 12 months, $300,000 within 18 months, and $300,000 within 24 months [3]. Project Details - The Storø project covers an area of 12 km² and has an inferred mineral resource estimated at 885,000 tonnes, grading 3.4 g/t Au, totaling approximately 95,000 ounces of gold [4]. - The mineral resource has a cut-off grade of 0.8 g/t Au for open-pit material and 2.5 g/t Au for underground resources [4]. - The Qingaaq license surrounds the Storø project and covers approximately 540 km² [4]. Management and Future Plans - 1531323 BC will manage the operations of the Properties during the Option Agreement period and intends to enter into a management services contract with Greenhawk for advisory support [5]. - Greenhawk is actively pursuing additional property acquisitions and opportunities in the mineral exploration and resources sector [5]. Stock Options - The company has cancelled a total of 8,600,000 stock options, which include options with exercise prices of $0.27 and $0.20, expiring in 2025 and 2026 respectively [6].

Canterra Minerals Step-Out Drilling Hits High- Grade Zone of 6.77% CuEq over 5.35m Beyond Current Buchans Resource, Newfoundland May 20, 2025 7:00 AM EDT | Source: Canterra Minerals Corporation Vancouver, British Columbia--(Newsfile Corp. - May 20, 2025) - Canterra Minerals Corporation (TSXV: CTM) (OTCQB: CTMCF) (FSE: DXZB) ("Canterra" or the "Company") is pleased to announce the first drill hole from its ongoing 10,000 metre ("m") drill program at its 100% owned Buchans Project in the Central Newfoundland ...

Drilling Intersects Wide Zones of Higher-Grade Gold Mineralization at the Boin Gold Deposit VANCOUVER, British Columbia, May 20, 2025 (GLOBE NEWSWIRE) -- Newcore Gold Ltd. ("Newcore" or the "Company") (TSX-V: NCAU, OTCQX: NCAUF) is pleased to announce additional drill results from the 35,000-metre drill program underway at the Company’s 100% owned Enchi Gold Project ("Enchi" or the "Project") in Ghana. Shallow Reverse Circulation ("RC") drilling at the Boin Gold Deposit ("Boin") intersected multiple wide zo ...

ASM: TSX/NYSE American www.avino.com A Clear Path to Transformational Growth May 2025 A CLEAR PATH TO TRANSFORMATIONAL GROWTH The Avino Mine Property ASM: TSX/NYSE American www.avino.com A Clear Path to Transformational Growth 2 CAUTIONARY DISCLAIMER: FORWARD-LOOKING STATEMENTS This presentation contains "forward-looking information" and "forward-looking statements" (together, the "forward looking statements") within the meaning of applicable securities laws and the United States Private Securities Litigati ...

TORONTO, May 13, 2025 (GLOBE NEWSWIRE) -- Class 1 Nickel and Technologies Ltd. (CSE: NICO | OTCQB: NICLF) ("Class 1 Nickel" or the "Company") is pleased to announce the filing of an independent NI 43-101 Technical Report (the “Report”) for its Alexo-Dundonald Nickel Project (the “Project”), located approximately 45 km northeast of the City of Timmins, Ontario. The Report includes an updated Mineral Resource Estimate (“MRE”) for the Dundonald North Deposit (see also news release 27 March 2025), one of 4 nick ...

BISHOP, Calif., May 13, 2025 (GLOBE NEWSWIRE) -- North Bay Resources, Inc. (the “Company” or “North Bay”) (OTC: NBRI) is pleased to announce a resource estimate (non-NI 43-101) for the Bullion Alley Zone at the Company’s Fran Gold Project. The preliminary resource estimate was completed by the Company using Leapfrog Geo + Edge 3D modelling software and diamond drilling data from 2001, 2005, 2006, 2012, and 2018 totaling 18,000 meters (55,000 feet) in 104 holes utilizing block model, with no cut-off: Diagra ...

Core Insights - Prime Mining Corp. reported its operating and financial results for Q1 2025, focusing on the Los Reyes Gold-Silver Project in Mexico [1][2] - The company is preparing for a Preliminary Economic Assessment and has a planned 40,000m drill program for 2025 [3][12] Corporate Highlights - The company ended Q1 2025 with $18 million in cash, supporting its drilling campaign [2] - Total assets as of March 31, 2025, were $33.05 million, with total liabilities at $1.39 million [11] Exploration Highlights - Significant drilling results were reported from the Z-T Trend and Central Trend, with high-grade gold and silver intersections [4][5] - The Fresnillo Generative Target was extended by 120 meters, with notable grades reported [5][6] Community Engagement and Environmental Strategy - The company is actively gathering environmental and community data to support its ESG programs [8] - A sustainability report was released in April 2023, with a new report expected soon [9] Financial Data - The loss for Q1 2025 was $3.62 million, an improvement from a loss of $6.45 million in Q1 2024 [11] - Loss per share decreased from $(0.04) in Q1 2024 to $(0.02) in Q1 2025 [11] Future Outlook - The company plans to continue its drilling program to identify new targets and expand existing resources [12] - Ongoing drilling suggests that the main deposit areas are larger than previously reported, with potential for new discoveries [19]

Core Insights - Spark Energy Minerals Inc. has reported promising rare earth element (REE) surface sampling results from its Caladão Target within the Arapaima Project in Brazil, indicating significant potential for critical mineral resource exploration [1][4][22] Exploration Highlights - The Caladão Target encompasses approximately 4,000 hectares of exploration tenements, adjacent to Axel REE Limited's project, which is advancing its REE-Gallium discovery [4][10] - Surface sampling results include a peak value of 6,417 ppm Total Rare Earth Oxides (TREO) from 30 stream sediment samples, with 11 samples exceeding 1,000 ppm TREO [4][16] - Soil sampling results show a peak value of 3,041 ppm TREO from 36 samples, with 4 samples reporting values greater than 2,000 ppm TREO and 14 samples exceeding 1,000 ppm TREO [12][13] - Anomalous Gallium values were also reported, with a peak of 94.07 ppm Ga2O3 [13] Geological Context - The geological profile in the Caladão region includes a regolith profile up to 50 meters thick, comprising a ferruginous lateritic horizon rich in Aluminum and Gallium, and a clay-rich saprolite horizon enriched in REE [11][13] - The exploration results from Spark are comparable to those reported by Axel REE during their early exploration phases, reinforcing the potential of the Caladão Granite region as a hub for rare earth mineralization [4][22] Future Plans - Following the encouraging results, the company plans to accelerate its REE exploration activities and advance its lithium targets towards drill testing later in 2025 [18][19] - The company is evaluating follow-up exploration strategies, including auger and air core drilling to further delineate the REE and Gallium potential across the tenement package [19][21] Financial Position - The recent funding arrangement with Sorbie Capital enhances the company's financial position, supporting its dual focus on advancing lithium and REE exploration programs in Brazil [19][22]

Core Insights - Critical Metals Corp. has released historical deep diamond drill hole results from the Tanbreez Project in Greenland, indicating significant potential for high-grade rare earth elements (REE) and other critical minerals [1][9][40]. Drill Hole Results - Drill Hole DX-02 intersected high-grade rare earths averaging 4733ppm (0.47% TREO) with 28% heavy rare earth oxides (HREO) over a depth of 328m [6][14]. - Drill Hole D306-13 showed an average of 4211ppm (0.42% TREO) with 24% HREO over a depth of 195m [6][14]. - The average mineralization across the reported drill holes is approximately 0.45% TREO, containing an average of 26% HREO [24][15]. Resource Estimates - The current Mineral Resource Estimate (MRE) for the Tanbreez Project is approximately 45 million tonnes (MT) at 0.38% TREO, consisting of 19.5MT inferred and 25.4MT indicated resources [12][32]. - The company is planning resource drilling to extend and grow the existing MRE, targeting the Fjord and Hill Zone deposits [29][34]. Economic Potential - The Preliminary Economic Assessment for the Tanbreez Project indicates a Net Present Value (NPV) of approximately $2.8 billion to $3.6 billion and an Internal Rate of Return (IRR) of 180% before tax [9][39]. - The project is gaining significant interest from Western governments due to its strategic importance in the supply of critical minerals [9][40]. Future Plans - The company is preparing for a 2025 resource drilling program, with mobilization of crews to Greenland expected in mid-to-late June [29][36]. - The company is also re-assaying historical samples to confirm and reconcile assay results from previous drilling campaigns [36][37].

TORONTO, May 08, 2025 (GLOBE NEWSWIRE) -- Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF) (“Red Pine” or the “Company”) is pleased to announce that it is evaluating the potential of developing an early-stage open pit operation at its Wawa Gold Project, Ontario. Management has initiated a review to assess the viability of near-term, open pit production in the current high-gold price environment, in parallel with its exploration program testing the Jubilee Shear at depth beyond the 2024 Mineral Resource E ...