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Big Ridge Gold Corp Commences PEA on the Hope Brook Gold Project
Newsfile· 2025-09-16 10:39
Core Viewpoint - Big Ridge Gold Corp. is advancing the Hope Brook Gold Project by engaging SGS Geological Services to conduct a Preliminary Economic Assessment, capitalizing on rising gold prices and recent project consolidations [1][2]. Company Overview - Big Ridge Gold Corp. is an exploration and development company focused on advanced stage mining projects, holding a 100% interest in the Hope Brook Gold Project in Newfoundland and Labrador, as well as other projects in Manitoba and Quebec [11]. Hope Brook Gold Project Details - The Hope Brook Gold Project is an advanced stage, high-grade gold project that produced 752,162 ounces of gold from 1987 to 1997, utilizing both open-pit and underground mining methods [5][8]. - The project has an Indicated gold resource of 16,190,000 tonnes grading 2.32 grams per tonne for a total of 1.2 million ounces, and Inferred resources of 2,215,000 tonnes grading 3.25 grams per tonne for 231,000 ounces [6][8]. - The project is recognized as one of the highest-grade open pit resources in Canada, with environmental and ore sorting studies completed in 2024 and consolidation of 100% ownership achieved in Q3 2025 [8]. SGS Geological Services - SGS Geological Services is a globally recognized expert in ore body modeling and reserve evaluation, with over 40 years of experience and 1,500 consulting projects in the mining industry [4]. Infrastructure and Location - Hope Brook is strategically located 85 kilometers east of Port aux Basques, Newfoundland, with well-maintained infrastructure including an operational camp, airstrip, docking facility, and connection to the provincial electrical power grid [10].
XXIX Closes Its Acquisition of 19.9% of Kintavar Exploration
Newsfile· 2025-09-16 10:00
Core Viewpoint - XXIX Metal Corp. has successfully completed the acquisition of a 19.9% stake in Kintavar Exploration Inc. through the sale of the Roger Project for $2,137,500, positioning itself to benefit from Kintavar's future developments in the Chibougamau mining district [1][2][7]. Company Overview - XXIX Metal Corp. now holds 42,750,000 shares in Kintavar, representing approximately 19.97% of the issued shares, without incurring any dilution [6][19]. - The company aims to monetize its Kintavar shares opportunistically, similar to its previous successful strategy with Baselode Energy, which raised $7.85 million [6][7]. Kintavar Exploration Inc. - Kintavar, now fully owning the Roger Project, is focusing on developing the asset with a new strategy under the leadership of Peter Cashin, supported by $3.8 million in cash and investments [2][3]. - The Roger Project has a historical mineral resource estimate indicating an indicated resource of 10.9 million tonnes at 0.85 g/t gold, 0.80 g/t silver, and 0.06% copper, and an inferred resource of 6.569 million tonnes at 0.75 g/t gold, 1.18 g/t silver, and 0.11% copper [3][4]. Future Plans and Projects - Kintavar is evaluating historical data from the Roger Project, which shows potential for volcanic-hosted massive Cu-Zn-Au-Ag sulphide deposits [4]. - Kintavar has a portfolio of 17 projects across Quebec, including the Mitchi Project with a measured and indicated resource of 2.99 million tonnes at 0.4% copper and 4 g/t silver [5]. - XXIX is planning a 5,000-metre drill program at the former Cooke gold mine area and a 15,000-metre drill program at the K1 deposit at Thierry, aimed at expanding the resource base [9][10]. Upcoming Catalysts - XXIX is set to complete its maiden Preliminary Economic Assessment (PEA) on the Opemiska Project in October 2025, focusing on maximizing project value [8].
Seabridge Gold's Snip North Deposit Continues to Grow Hole SN-25-30 Intersects 560m of 0.87 gpt Au and 0.16% Cu Including 58m of 2.62 gpt Au and 0.40% Cu
Newsfile· 2025-09-15 11:30
Core Viewpoint - Seabridge Gold has reported promising results from its Snip North drilling program, indicating significant copper-gold mineralization and plans for further exploration to establish a maiden resource estimate early next year [2][4][16]. Group 1: Drilling Results - A total of 18,000 meters of drilling has been completed across 18 holes, with an additional 3,000 meters planned due to positive results [3]. - Hole SN-25-30 intersected 560 meters of mineralization averaging 0.87 grams per tonne (gpt) gold and 0.16% copper, including a notable interval of 58 meters at 2.62 gpt gold and 0.40% copper [2][9]. - The drilling has established a mineralized zone with a strike length of 1,800 meters, characterized by potassic alteration and porphyry stockwork veining [3]. Group 2: Geological Insights - The drilling program has revealed a core zone within the mineralized envelope, showing strong gold and copper grades extending for hundreds of meters [4]. - Hole SN-25-28 encountered a variety of geological formations, including potassic alteration and stockwork veining, indicating a complex mineral system [4][5]. - Hole SN-25-30 displayed intense potassic alteration and a high density of mineralized veins, suggesting the presence of an intrusive body [6][8]. Group 3: Future Plans - The company is confident in achieving the necessary drill density to support a maiden resource estimate for Snip North, expected to be announced early next year [4][16]. - The ongoing exploration aims to further delineate the extent of the mineralization and refine geological models based on the latest drilling results [3][16].
Benton Expands Gold Horizon to 2.7 km and Targets New Drill Area at Great Burnt
Newsfile· 2025-09-10 11:30
Core Insights - Benton Resources Inc. has identified a high-priority drill target located 10 km south of the Great Burnt Copper Deposit, expanding its exploration efforts in the region [1] - A geological compilation of the South Pond Deposit has outlined a continuous gold-bearing horizon over 2.4 km, which has now been extended to 2.7 km due to recent surface sampling [2][3] - The company plans to conduct a trenching program followed by a diamond drill program to test the new SGB Target Area, which has shown promising geophysical and geochemical signatures [4] Exploration and Drilling Activities - Benton has completed 5,080 m of its 15,000 m property-wide drill program, aimed at defining an initial gold-copper resource [6] - The NGB Target, located between South Pond and north of the Great Burnt Deposit, has previously returned strong drilling results, including intersections of 5.46 g/t gold and 0.35% copper over 2.75 m [5] - The company has drilled a total of 23,300 m from late 2023 to present at Great Burnt and South Pond, with significant intersections reported [7] Recent Drilling Highlights - Notable drilling results include: - GB-23-02: 13.00 m of 8.31% Cu, including 3.00 m of 12.80% Cu - SP-24-07: 74.20 m of 1.43 g/t Au, including 8.00 m of 2.94 g/t Au - SP-24-03: 43.75 m of 1.62 g/t Au, including 4.00 m of 3.99 g/t Au [8][12][20] Resource Estimates and Potential - The Great Burnt Project has a Mineral Resource estimate of 667,000 tonnes at 3.21% Cu Indicated and 482,000 tonnes at 2.35% Cu Inferred, indicating strong potential for further discoveries [20] - The South Pond Gold Zone has confirmed a robust gold-mineralized system over 2.5 km, with results indicating the system is open for expansion in all directions [20]
Forsys Reports Drilling Results from Norasa
Globenewswire· 2025-09-02 11:00
Core Insights - Forsys Metals Corp. has announced further drilling results from its ongoing extension and exploration drilling program at the Valencia deposit, part of the Norasa Uranium project [1][5] - The recent drilling program has involved 115 boreholes totaling 11,739 meters, with significant mineralized intercepts reported [2][10] - The results indicate new uranium mineralization and encouraging infill grades, which could enhance ore tonnage and reduce the stripping ratio within the modelled pit [3][4] Drilling Results - The Valencia Main Pit drilling aims to expand the resource and upgrade the resource through infill drilling, targeting 26 million tonnes (Mt) of Indicated Resource to convert to Measured status [6] - Highlights from the Valencia Main include 407 ppm eU3O8 over a 53-meter interval in drillhole VA25-229 and 364 ppm eU3O8 over a 55-meter interval in drillhole VA25-264 [6] - At Valencia South, follow-up drilling has reported 338 ppm eU3O8 over a 13-meter interval and 282 ppm eU3O8 over a 54-meter interval in drillhole VA25-289 [6] Resource Expansion - Drilling at Valencia West has established a link with the Main resource, with results including 271 ppm eU3O8 over a 9-meter interval in drillhole VA25-288 [6] - Valencia East drilling has identified additional mineralization, with highlights including 184 ppm eU3O8 over a 25-meter interval in drillhole VA25-295 [12] - The Jolie Zone has shown continuity of mineralization with significant results, including 623 ppm eU3O8 over an 11-meter interval in drillhole VA25-273 [12] Future Plans - The company is preparing for drilling at the Namibplaas uranium property, with drilling expected to commence in early September [5] - The ongoing drilling efforts are enhancing resource confidence and expanding geological understanding, supporting the long-term growth potential of the project [5]
Drilling Underway at Pacific Ridge's Kliyul Copper-Gold Project
Newsfile· 2025-08-27 11:00
Core Viewpoint - Pacific Ridge Exploration Ltd. has commenced drilling at its 100% owned Kliyul copper-gold project in British Columbia, aiming to expand its mineral resource estimate and enhance the project's potential [1][3]. Company Overview - Pacific Ridge Exploration Ltd. is focused on becoming a leading copper exploration company in British Columbia, with Kliyul as its flagship project [13]. - The company has invested over $14 million and drilled more than 19,000 meters at Kliyul since 2020 [12]. Project Details - The Kliyul project is located in the Quesnel terrane, covering over 90 km² and is near existing infrastructure [12]. - The current drilling program is planned for 2,500 meters, targeting infill and resource expansion at the Kliyul Main Zone (KMZ) [5]. - KMZ hosts an Inferred Mineral Resource of 334.1 million tonnes grading 0.33% copper equivalent (CuEq), which includes 1.11 billion pounds of copper, 2.74 million ounces of gold, and 10.22 million ounces of silver [5][9]. Mineral Resource Estimate - The effective date of the mineral resource estimate is July 31, 2025, and it follows the Canadian Institute of Mining standards [12]. - The mineralization at KMZ remains open for expansion beyond the current resource reporting shell [5][12]. - The best drilling results from previous years include significant intervals of CuEq, indicating strong mineralization potential [18]. Drilling Results - The drilling results from 2021 to 2023 show increasing mineralized extents, with the best results indicating high-grade intervals [18]. - The last hole of the 2023 drilling program returned a significant mineralized interval, suggesting a potential higher-grade porphyry center at KMZ [18].
Lake Victoria Gold Secures Updated Environmental Approval, Strengthening Development Pathway at Imwelo
Newsfile· 2025-08-21 10:00
Core Viewpoint - Lake Victoria Gold Ltd. has received approval from the Tanzanian National Environment Management Council for the updated Environmental and Social Management Plan for the Imwelo Gold Project, allowing the project to advance under existing permits [1][2]. Project Overview - The Imwelo Gold Project is located in the Geita Region of northwestern Tanzania, near AngloGold Ashanti's Geita Gold Mine, and is fully permitted under a 10-year mining license [5][9]. - The updated Environmental and Social Management Plan (ESMP) includes mitigation measures for environmental and social impacts, community engagement, and monitoring commitments [3][4]. Management Commentary - The approval of the updated ESMP is seen as a significant milestone, confirming the project's environmental soundness and social responsibility [4]. - The management team is focused on practical steps to bring the Imwelo project into production, leveraging a straightforward mine plan and existing regional infrastructure [4]. Strategic Context - The project aims for first gold production within 12 months of commencing construction, supported by a positive Pre-Feasibility Study completed in 2021 [5][17]. - The average grade of the first development zone, Area C, is reported at 3.7 g/t Au, with historical intercepts indicating high-grade potential [6][8]. Historical Resource Estimate - The historical resource estimate includes 42,000 ounces measured at 3.15 g/t, 95,700 ounces indicated at 1.95 g/t, and 153,900 ounces inferred at 1.53 g/t [12]. - The resource estimate is based on a detailed review and is relevant for assessing the project's merits, although it is not classified as current [13]. Development Pathway - The project is designed as a low-capex starter open-pit mine, with potential for underground expansion [8][11]. - Preparatory works include ball mill refurbishment and planning for tailings and water storage, with strong community engagement embedded in the ESMP [15]. Partnerships and Funding - Strategic support has been secured from Taifa Group, a leading mining contractor in Tanzania, which will provide execution capability for the project [19]. - The company has executed a non-binding term sheet for a gold prepay financing facility to fund pre-production activities, minimizing shareholder dilution [15].
Orezone Intercepts Further High-Grade Mineralization Below Life of Mine Pits Including 1.59 g/t Gold Over 48.00m and 1.09 g/t Gold Over 45.00m
Globenewswire· 2025-08-19 11:30
Core Insights - Orezone Gold Corporation has reported additional drill results from its Bomboré Gold Mine, confirming the continuity of higher-grade mineralization beneath current resource pits, indicating significant exploration potential [1][3][5]. Exploration Results - Approximately 30,000 meters of exploration drilling was completed in H1-2025, with notable results including: - Extension of North Zone footwall mineralization up to 200 meters below current reserve pits, with grades of 2.55 g/t Au over 23.00 meters and 1.14 g/t Au over 29.50 meters [5]. - Extension of the P17S high-grade sub-zone by 300 meters down plunge, with a grade of 7.40 g/t Au over 6.70 meters [5]. - Identification of multiple broad near-surface strike extensions, including 2.22 g/t Au over 14.00 meters and 1.12 g/t Au over 10.00 meters [5]. Future Plans - Drilling will continue in H2-2025, aiming to increase Bomboré's global resource from 5 million ounces to a target of 7 to 10 million ounces, with an overall production increase to 220,000-250,000 ounces per annum [6]. North and P8P9 Zones - The North Zone continues to define and expand mineralized trends along a 3 km strike length, with mineralization associated with specific geological features [6][7]. - The P8P9 Zone has shown potential for wide zones of mineralization, with significant intercepts including 1.09 g/t Au over 45.00 meters within a broader intercept of 0.64 g/t Au over 157.00 meters [11][10]. Selected Drill Highlights - Recent drilling confirmed the down plunge continuity of higher-grade mineralization in the North Hill sub-zone, with intercepts of 1.59 g/t Au over 48.00 meters and 1.97 g/t Au over 16.10 meters [9]. - The P8P9 Zone has been defined over a 1.6 km strike length, with discrete higher-grade lenses within broader low-grade zones [10].
Brixton Metals Drills 28.35m of 1.63 g/t of Gold, 76.79 g/t Silver, 0.61% Copper and 1002 g/t Antimony at the Northside Vein, Camp Creek Area
Globenewswire· 2025-08-19 11:30
Core Insights - Brixton Metals Corporation announced strong assay results from its near-surface drilling program at the Camp Creek area, indicating significant mineralization of gold, silver, copper, and antimony [1][3][6] Drilling Results - The drilling program at Camp Creek consisted of 12 holes totaling 2165 meters, with ongoing drilling at the Trapper Gold Target and Catalyst Copper-Gold Porphyry Target [1] - Hole THN25-325 reported notable intervals, including 1.40m of 7.11 g/t gold, 262 g/t silver, 0.76% copper, and 1840 g/t antimony from a depth of 114.10m, and 28.35m of 1.63 g/t gold, 76.79 g/t silver, 0.61% copper, and 1002.41 g/t antimony from 158.65m depth [6][7] - The Northside Vein mineralization has been extended to an estimated total strike of 800m, remaining open along strike and at depth [6][10] Future Plans - The company aims to conduct further shallow drilling in the Camp Creek area to establish a resource estimate and define the limits of the mineralization [3][10] - Additional drilling is recommended to explore the Northside Vein, which has shown widths of up to 20m [10]
Seabridge Gold Intersects Significant Porphyry Mineralization at Snip North
Newsfile· 2025-08-12 11:30
Core Viewpoint - Seabridge Gold has confirmed the presence of a significant copper-gold porphyry deposit at the Snip North target, with promising initial drill results indicating substantial mineralization [2][3]. Group 1: Drill Results - The first three drill holes at Snip North have successfully extended the mineralized footprint, revealing wide intervals of porphyry-style mineralization with notable copper and gold grades [2]. - Hole SN-25-25 intersected 729 meters of 0.48 gpt Au and 0.16% Cu, including 254 meters of 0.77 gpt Au and 0.31% Cu [6]. - Hole SN-25-26 showed 340.8 meters of 0.51 gpt Au and 0.11% Cu, while Hole SN-25-27 recorded 267.6 meters of 0.44 gpt Au and 0.15% Cu [7]. Group 2: Geological Insights - The mineralization at Snip North measures approximately 1,700 x 600 x 600 meters, with drilling aimed at achieving a density of pierce points for a maiden resource estimation [3]. - The drill holes encountered multiple generations of veining and mineralization, with distinct zonation including potassic and phyllic alteration [3][4]. - Intense alteration and mineralization were observed in coarser-grained sandstone and volcaniclastic units compared to finer-grained siltstones [3]. Group 3: Future Plans - The company plans to announce a resource estimation for Snip North early next year, following the completion of a 12,000-meter drill program [2][3]. - The ongoing drilling is designed to further define the extent of the mineralized zone and support future resource calculations [10].