Mineral Resource Estimate
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Thunder Gold Phase Three Drill Results Demonstrate Broad, Consistent Mineralization at Tower Mountain
Newsfile· 2025-12-08 12:30
Core Insights - Thunder Gold Corp. announced complete results from the Phase Three drill program at the Tower Mountain Gold Property, indicating significant mineralization potential west of the Tower Mountain Intrusive Complex (TMIC) [1][3][23] - The drilling results confirm the scalability and continuity of mineralization, with all seven holes at the 3738 Target intersecting mineralization as predicted [3][11][23] Summary by Sections Drill Program Results - The Phase Three drilling program consisted of twelve holes totaling 2,164 meters, with an estimated cost of less than C$300 per meter [10][23] - At the 3738 Target, seven holes (1,633 meters) were completed, all intersecting mineralization at expected grades [3][11] - Significant intercepts included 1.83 g/t Au over 18.0 meters and 0.53 g/t Au over 181.5 meters among others [8][23] Mineralization Potential - The 3738 Target breccia channel measures 150 to 200 meters in true width and shows consistent gold grades, remaining open along strike and down dip [6][23] - The Bench-3738-Ellen trend covers an area of 800 meters x 200 meters x 300 meters, with only 30% drill-tested, indicating substantial resource expansion opportunities [6][23] Infrastructure and Cost Efficiency - The proximity to Thunder Bay and existing infrastructure allows for one of the lowest discovery costs in Canada, enhancing the project's economic viability [4][23] - Internal modeling suggests that the current mineralization can be extracted without impacting existing infrastructure routes [4][23] Future Exploration and Resource Estimates - All necessary exploration permits are valid through 2028, allowing for continued exploration and resource definition [6][23] - The results from Phase Three will be incorporated into a Mineral Resource Estimate being prepared by Micon International Ltd. [3][11] Company Overview - Thunder Gold Corp. is focused on advancing the Tower Mountain Project, which is characterized by its scale, consistency, and potential for a long-life, open-pit operation [41] - The company aims to unlock a discovery that could transform the gold project landscape in Canada, delivering long-term value for shareholders [42]
Fury Announces Initial Mineral Resource Estimate for the Sakami Gold Project in Quebec
Globenewswire· 2025-12-08 11:59
Core Viewpoint - Fury Gold Mines Limited has announced an initial inferred mineral resource estimate for the La Pointe Extension target at its Sakami gold project, indicating significant potential for resource expansion and low discovery costs [1][3][4]. Summary by Sections Initial Mineral Resource Estimate - The initial mineral resource estimate (MRE) for the La Pointe Extension is 23.9 million tonnes grading 1.07 grams per tonne (g/t) gold, containing 825,000 ounces of gold [6][7]. - The resource is located near the surface, with all ounces projected to be within 400 meters of the surface [6]. Exploration Potential - There is considerable upside to expand beyond the existing in-pit resources, with an initial mineral exploration target ranging from 8.1 million tonnes to 14.7 million tonnes, grading between 1.57 g/t and 1.11 g/t gold [3][13]. - The current resource remains open in all directions, with immediate opportunities to expand to the northeast and southwest, as well as below the current open pit [11][19]. Discovery Cost and Project Development - The discovery cost for the La Pointe Extension is reported to be less than C$9 per ounce, which includes acquisition costs and drilling expenses [3]. - The summer 2025 drilling program confirmed the continuity and grades of historical drilling, leading to the release of the initial resource estimate [3][19]. Technical Details - The MRE was prepared by an independent geologist in accordance with Canadian standards, ensuring the credibility of the estimates [4][22]. - The estimates are based on a validated database that includes data from 54 surface diamond drill holes totaling 18,233.72 meters [7][21]. Project Overview - The Sakami project covers approximately 14,250 hectares and is strategically located in a region with established gold mineralization [18]. - The project is positioned along a structural corridor where gold mineralization has been identified over a distance of more than 23 kilometers [18].
Omai Gold Drills High-Grade Zone at East Wenot, Intersecting 11.07 g/t Au over 14.7m, Including 34.31 g/t Au over 4.3m
Newsfile· 2025-12-08 11:35
Core Insights - Omai Gold Mines Corp. has reported significant assay results from its drilling program at the Omai Gold Project in Guyana, highlighting new high-grade gold zones at East Wenot and Central Wenot [1][4][5] Drilling Program Overview - A total of 79 drill holes (35,300 meters) have been completed in 2025, with 30 holes (13,250 meters) on the Wenot deposit not included in the August 2025 Mineral Resource Estimate (MRE) [2][29] - The company aims to update the MRE in early 2026, ahead of a Preliminary Economic Assessment (PEA) expected in H1 2026 [2][4] Significant Drill Results - Notable intersections include: - Hole 25ODD-142 at East Wenot: 11.07 g/t Au over 14.7 meters, including 34.31 g/t Au over 4.3 meters - Hole 25ODD-145W at Central Wenot: 13.54 g/t Au over 13.3 meters, including 27.82 g/t Au over 6.2 meters and 63.17 g/t Au over 2.2 meters [7][8][30] Exploration Focus - The drilling program is focused on expanding the resource at Wenot and optimizing the upcoming PEA by exploring less drilled areas within the southern sedimentary sequence and the Dike Corridor [5][16] - The company has exceeded its goal of completing an additional 10,000 meters of drilling by year-end [4][5] Camp Zone and BBH Target Updates - At the Camp Zone, seven diamond drill holes (2,931 meters) have been completed, with significant results including 2.72 g/t Au over 16.3 meters in hole 25ODD-135 [25][26] - The BBH target has also seen recent drilling, with results indicating widespread near-surface gold mineralization, although some holes returned lower grade results [20][21][22] Corporate Developments - Omai Gold has entered into an investor relations agreement with TB Investor Relations to enhance its communication strategy, effective December 1, 2025 [33]
Doubleview Gold Corp. Announces Successful Completion of 2025 Drilling Season at the Hat Project, the Largest Drill Season yet with 13,290m Diamond Drill Core
Newsfile· 2025-12-08 11:04
Core Insights - Doubleview Gold Corp. has successfully completed its largest drilling season at the Hat Polymetallic Project, with a total of 13,290 meters drilled across 19 holes, achieving a 100% success rate in mineralization intersection [1][6][8] Drilling Season Highlights - The 2025 drilling campaign is noted for its efficiency and technical productivity, averaging 699.5 meters per hole [6] - A newly discovered deep mineralized horizon has been identified beneath the 2024 conceptual pit outline, indicating significant down-dip continuity and expansion potential [6][7] - All drill holes intercepted mineralization, confirming the strength and continuity of the porphyry system [6][8] - Previously disclosed holes H097, H098, and H099 extended mineralization by 200-300 meters down-dip and up to 100 meters laterally, enhancing the block model and geological interpretation [6][8] - Hole H099 reported 438 meters of 0.40% CuEq, including 52 meters of 1.02% CuEq, marking one of the strongest continuous intervals drilled at the Hat to date [6][8] Geological Understanding and Resource Models - The 2025 work has advanced the understanding of copper-gold-cobalt-scandium mineral domains, with significant achievements in scandium recovery [7][8] - The company is focused on completing the assay review for holes H100 through H108, which will inform updates to the Mineral Resource Estimate (MRE-2) and the ongoing Preliminary Economic Assessment (PEA) [6][10] Future Developments - The integration of the full 2025 drill dataset, including pending assays, is expected to enhance the confidence and robustness of the forthcoming PEA, supporting a comprehensive evaluation of the Hat Project's economic potential [10]
Exploits Completes Sale of Newfoundland Claims to New Found Gold
Newsfile· 2025-12-05 14:21
Core Viewpoint - Exploits Discovery Corp. has completed the sale of its mineral claims in Newfoundland to New Found Gold Corp., allowing the company to focus on its gold projects in Québec and Ontario, which host approximately 680,000 ounces of historical gold resources [1][2]. Transaction Details - The sale involved a 100% interest in substantially all mineral claims in central Newfoundland, with the transaction initially announced on September 8, 2025 [1]. - As part of the consideration, Exploits received 2,821,556 common shares of New Found Gold, valued at approximately $11.8 million based on a closing price of $4.18 per share on December 4, 2025 [6]. - Additionally, contingent consideration includes 725,543 shares of New Found Gold, potentially worth around $3.0 million, subject to a positive court determination regarding certain disputed mineral claims [3]. Strategic Focus - The company is now positioned as a gold growth entity, emphasizing its portfolio in Québec and Ontario, which includes four cornerstone projects: Fenton, Wilson, Benoist, and Hawkins [9][10]. - The historical gold resources in these projects are estimated at approximately 680,000 ounces, with significant potential for expansion and multiple drill-ready targets [9][10]. Financial Position - Following the transaction, Exploits has a treasury of approximately $13 million in cash and New Found Gold shares, enhancing its ability to advance its gold projects [7]. Royalty Agreement - Exploits has been granted a 1.0% net smelter returns royalty on certain mineral claims as part of the Royalty Agreement with New Found Gold [6][4].
Mithril to Acquire the La Dura Gold-Silver Property Adjacent to its Flagship Copalquin Property, Durango State, Mexico
Thenewswire· 2025-12-05 12:30
Core Viewpoint - Mithril Silver and Gold Limited has executed a Purchase Option to acquire the La Dura gold-silver property in Durango State, Mexico, which is strategically located near its flagship Copalquin property, indicating potential for resource expansion and development [1][2]. Company Overview - Mithril has a strong foundation of knowledge at La Dura, having conducted exploration work on the property in 2017-2018, positioning the company well to unlock value [3]. - The La Dura property consists of 5 contiguous mining concessions covering a total area of 2,052 hectares, located less than 5 km from El Durazno and 20 km from the Copalquin District property [3][5]. Property Details - The La Dura property hosts several historic mines, including a notable 4-level gold-silver mine with a processing facility capable of handling 60 tonnes per day [3]. - The property has a significant historic database of mining records and data from various sampling campaigns conducted from the 1990s to 2018, with the mine last operating in 2013 [3]. Transaction Terms - Mithril has an exclusive option to purchase 100% interest in the La Dura concessions over a period of 4 years for a total payment of US$4 million [3][10]. - The initial payment upon execution of the Purchase Option Agreement is US$25,000 and the issuance of 50,000 ordinary shares, with a structured payment schedule for the remaining amounts [8][9][14]. Exploration Plans - The company is committed to completing LiDAR and aerial magnetic surveys over the property within the first year and a minimum exploration expenditure of US$200,000 in the second year [3][11]. - Upcoming surveys are expected to provide an initial assessment of the prospectivity across the 20 km² concession area, leading to detailed mapping, sampling, and future drill testing [2][3]. Mining District Context - The Copalquin mining district, where La Dura is located, covers an area of 70 km² and contains several historic gold and silver mines, indicating a rich mineralization potential [11]. - The district is part of the Sierra Madre Gold Silver Trend, known for its significant gold and silver deposits, enhancing the strategic value of the La Dura acquisition [12].
Aftermath Silver Berenguela Silver-Copper-Manganese Project: Contained Silver in Measured and Indicated Resources Increases by 21% to 122.5 Moz, with 22.0 Moz of Silver in Inferred Resources
Newsfile· 2025-12-04 17:53
Core Insights - Aftermath Silver Ltd. announced a new Mineral Resource Estimate (MRE) for the Berenguela silver-copper-manganese project, showing a 21% increase in contained silver in Measured and Indicated resources to 122.5 million ounces (Moz) [2][7] - The MRE was completed by BBA International and is based on extensive drilling data, enhancing the understanding of the deposit [2][3] Resource Estimates - The combined Measured and Indicated (M&I) resources increased by 11.37 million tonnes or 28.3% to 51.55 million tonnes [4] - The conversion of Inferred resources to M&I resulted in a decrease of 7.96 million tonnes in the Inferred resources inventory [5] - The MRE is based on data from 439 drill holes, including 82 diamond drill holes drilled by Aftermath in 2024/25 [5] Metal Content - The contained metal in M&I resources increased as follows: - Silver: increased by 21.3 Moz (21%) to 122.5 Moz with 22.0 Moz in Inferred resources [7] - Manganese: increased to 2.93 million tonnes (Mt) M&I with 0.47 Mt Inferred resources [7] - Copper: increased to 717.1 million pounds (Mlb) M&I with 118.4 Mlb Inferred resources [7] - Zinc: increased to 372.4 Mlb M&I with 80 Mlb Inferred resources [7] Geological Insights - Mineralization at Berenguela is primarily hosted in mid-Cretaceous age limestones and is interpreted as a carbonate replacement deposit [25] - The mineralization extends approximately 1,500 meters in length and 200 to 400 meters in width, with drilling identifying mineralization up to 80 meters below the surface [26] Future Plans - The company plans to expedite development and engineering work at Berenguela and conduct additional drilling towards the eastern margins of the mineralization [6][8]
Americore Resources Corp. Significantly Expands Land Position at the Trinity Silver Project, Historic Resource Base Tripled to 36 Million oz Silver Equivalent
Newsfile· 2025-12-04 15:45
Americore Resources Corp. Significantly Expands Land Position at the Trinity Silver Project, Historic Resource Base Tripled to 36 Million oz Silver EquivalentDecember 04, 2025 10:45 AM EST | Source: Americore Resources Corp.Vancouver, British Columbia--(Newsfile Corp. - December 4, 2025) - Americore Resources Corp. (TSXV: AMCO) (FSE: 5GP) (OTCQB: AMCOF) ("Americore" or the "Company") announces a strategic expansion of its land position at the Trinity Silver Project in Pershing County, Nevada t ...
DPM Metals (OTCPK:DPML.F) 2025 Earnings Call Presentation
2025-12-04 14:00
Financial Position & Liquidity - DPM Metals ended Q3 2025 with $414 million in cash after spending $399 million for the Adriatic transaction, $136 million to retire Adriatic's debt, and $137 million of capital returned to investors [12] - The company's total liquidity as of September 30, 2025, was $564 million [11] Chelopech Mine Exploration - A new high-grade mineralization zone (Wedge Zone Deep Discovery) was discovered on the north flank of the Chelopech mine concession, with results including 68.3 meters @ 7.42 g/t AuEq and 48.1 meters @ 9.41 g/t AuEq [18] - An ongoing 10,000-meter exploration program aims to infill and delineate the WZD target [20] - Chelopech has a strong Mineral Resource base of 1.1 million ounces of gold, 4.4 million ounces of silver, and 242 million pounds of copper [23] Čoka Rakita Feasibility Study - Mineral Reserves increased to 7.34 million tonnes at 6.44 g/t gold [33, 36] - The Mineral Resource Estimate includes 0.53 million tonnes Indicated at 3.94 g/t gold and 0.09 million tonnes Inferred at 3.60 g/t gold [32] - The project is expected to have a Life of Mine (LOM) average gold grade of 6.44 g/t and a top decile all-in sustaining cost of $644/oz gold sold [47] - The initial capital expenditure is estimated at $448 million [55] - Average annual gold production is projected at 189,000 ounces for the first five years [65] Rakita Camp Potential - An Inferred Mineral Resource Estimate establishes a district-scale platform with 2.6 million ounces of gold and 1.9 billion pounds of copper [86] - Dumitru Potok contains a significant higher-grade core of the mineral resource with 2.4 million ounces of gold and 1.7 billion pounds of copper [86] Vareš Mine Ramp-Up - Vareš is expected to have an average grade processed of 9.2 g/t AuEq and total payable production of 1.8 million ounces AuEq over its 15-year initial operating life [92] - The post-tax NPV5% is estimated at $1,585 million [92]
Doubleview Extends High-Grade Domains at Hat: H099 Returns 438m of 0.40% CuEq Including 52m of 1.02% CuEq, Expanding Mineralization Envelope Around Conceptual Pit Vertically and Laterally
Newsfile· 2025-12-04 13:54
Core Insights - Doubleview Gold Corp. announced significant assay results from drill holes H097, H098, and H099 at the Hat Polymetallic Deposit, indicating an expansion of the mineralized footprint by approximately 100 meters laterally and 200 meters vertically [1][4][15] - Drill hole H099 returned 438 meters of 0.40% CuEq, including 52 meters of 1.02% CuEq, marking one of the strongest continuous mineralized intervals at the Hat deposit to date [4][11][13] - The results support the company's objective to update the Mineral Resource Estimate (MRE-2) and conduct a Preliminary Economic Assessment (PEA), enhancing confidence in the exploration model [4][12][16] Drill Results Summary - H097: 445.3 meters at 0.20% CuEq, with significant intervals including 145.2 meters at 0.25% CuEq [3][5] - H098: 393.0 meters at 0.27% CuEq, with notable sections including 148.0 meters at 0.41% CuEq [5][9] - H099: 643.0 meters at 0.34% CuEq, with key intervals such as 438.0 meters at 0.40% CuEq and 52.0 meters at 1.02% CuEq [4][5][9] Geological Interpretation - The new drill holes were designed to intersect previously undrilled areas, successfully extending the dimensions of the deposit by 200-300 meters at depth and up to 100 meters laterally [10][11][12] - The continuity of copper-gold-cobalt-scandium domains was confirmed across broad intervals, indicating strong mineralization potential [4][12][16] Expansion Potential - The results from H099, along with H097 and H098, suggest major extensions of the conceptual pit by approximately 200 meters vertically and 100 meters laterally [11][12][16] - The high-grade zones identified in the drilling indicate significant depth potential, with H099 highlighting over 50 meters exceeding 1.0% CuEq [13][16] Critical Metals Focus - Scandium grades remain consistent with prior campaigns, framing the Hat Deposit as a significant North American source of critical metals [14][16] - The potential for scandium at the Hat Deposit is estimated to be between 300 to 500 million tonnes at an average grade of 40 ppm (0.004%) Sc2O3 [31]