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Precore Gold Completes 100% Acquisition of the Lac Big-Rush Gold Property in the Prolific Chibougamau Mining Camp of Quebec
Globenewswire· 2026-02-05 10:00
Core Viewpoint - Precore Gold Corp. has accelerated its acquisition of the Lac Big-Rush Gold Property to immediately own 100% of it, modifying the original three-year agreement due to the property's discovery potential in a prolific mining camp [1][2]. Company Developments - The acquisition of the Lac Big-Rush Property includes an additional 498 hectares, bringing the total to 49 claims covering 2,712 hectares in the Chibougamau mining camp [5]. - The final terms of the transaction involve a cash payment of $20,000 and the issuance of 250,000 common shares, with the vendor retaining a 2% Net Smelter Royalty (NSR) [10][11]. Industry Context - The acquisition follows a significant M&A transaction in the region, where Iamgold Corporation acquired Northern Superior Resources Inc., creating the Nelligan Mining Complex, which has Measured & Indicated Mineral Resources of 3.75 million ounces of gold and Inferred Mineral Resources of 8.65 million ounces [3]. - Precore Gold's property is strategically located near Iamgold's Croteau Project, which has an Inferred resource of 640,000 ounces at 1.73 g/t, just 300 meters from Precore's boundaries [4]. Future Plans - The company plans to initiate a preliminary exploration campaign in the second half of 2026, leveraging historical drill hole data that has not been explored since the early 1980s [9].
Regency Silver Drills Third Hole into Broad Zones of Sulphide-Specularite Bearing Mineralization Drilling Ongoing
TMX Newsfile· 2026-02-05 00:35
Core Insights - Regency Silver Corp. has reported significant progress in its 2026 drill program at the Dios Padre project in Sonora, Mexico, with the second hole, REG-26-28, intersecting multiple zones of sulphide-specularite mineralization [1][2] - The drill hole REG-26-28 encountered broad mineralization from approximately 430m to 540m, including a breccia zone with chalcopyrite, pyrite, and specularite, indicating the potential for a large magmatic-hydrothermal system [1][2] - Historical drill results from the project have shown promising gold grades, including 38m of 7.36 g/t gold in hole REG-23-21 and 35.8m of 6.84 g/t gold, 0.88% copper, and 21.82 g/t silver in hole REG-22-01 [1][5] Summary by Sections Drill Program Results - The second hole of the 2026 drill program, REG-26-28, was drilled about 75m below hole REG-25-26 and intersected significant mineralization over a broad interval [1] - The core zone of mineralization is located approximately 180m south of a similar breccia found in REG-25-25, indicating continuity in the mineralized system [1] Geological Observations - Visual results from REG-26-28 suggest the continuity and scale of the Dios Padre breccia system, reinforcing confidence in the project's potential as it appears to widen below historic workings [2] - Although analytical results for the 2025 and 2026 drill programs are not yet available, geological comparisons indicate favorable conditions in terms of alteration and mineral species [3] Company Overview - Regency Silver Corp. is focused on exploring high-grade gold, copper, and silver in Mexico, with the Dios Padre project being its flagship asset [5] - The company is led by a team of experienced professionals with expertise in both exploration and production, enhancing its capability to advance the project [5]
Altair Minerals Identifies Major Untested Targets at North Peters, Boosting Greater Oko Potential
Small Caps· 2026-02-04 22:51
Core Insights - Altair Minerals has revealed significant geophysical results at its North Peters prospect, indicating substantial potential for resource expansion within the Greater Oko Project in Guyana [1][4] Group 1: North Peters Prospect - The IP geophysics survey at North Peters has identified a major untested chargeability high, C1, with a 900m strike length, of which only 300m has been drilled [2] - A resistivity corridor, R1, measuring 2.7 km has been defined, with only 600m drilled, aligning with previously reported high-grade intercepts [2] - Two additional untested chargeability highs, C2 and C4, have been identified, combining for a 550m strike length, remaining open at the survey boundaries [3] Group 2: Significant Intercepts - Notable intercepts near the C1 target include 109m at 2.04 g/t from 47m, 63m at 2.25 g/t from 55m, and 89m at 2.40 g/t from 45m [3] - Other significant results include 43m at 10.56 g/t from surface and 14m at 6.13 g/t from 49m [3] Group 3: Greater Oko Project Development - The company secured A$13.0 million through an institutional placement, enhancing its financial position [4] - Altair ended December 2025 with a cash balance of A$12.2 million, fully supporting a minimum 15,000m drill program planned for the Greater Oko Project, with drilling expected to commence in Q1 2026 [4] Group 4: South Oko Anomaly Expansion - The South Oko soil anomaly has extended by an additional 1 km to the south and west, remaining open in both directions [6] - The South Oko area now includes three distinct, open targets: W1 with a 2.0 km strike length and gold values exceeding 100 ppb Au, W3 extending 1.6 km with assays above 50 ppb Au, and E1 measuring 1.3 km with gold concentrations greater than 100 ppb Au [6] Group 5: Ongoing Dispute with BHP - Altair is involved in a dispute with BHP Group regarding its Olympic Domain copper project, with a Wardens Court hearing scheduled for 19 February 2026 [8] - The disagreement arises from BHP's intentions to use Altair's project area for infrastructure related to BHP's nearby Oak Dam Deposit, with previous discussions leading to the current adjudication process [9] - Altair remains focused on achieving a commercial resolution with BHP, which could unlock substantial value for the Olympic Domain asset [9] Group 6: Future Steps - Altair is advancing its exploration portfolio, with North Peters IP results providing clear drill targets for Q1 2026 [10] - While the Greater Oko project shows significant promise, the ongoing BHP dispute and reliance on funding are key considerations for investors [10]
CORRECTION FROM SOURCE: Talon Metals Reports New Assays and Step-Out Drilling Results
TMX Newsfile· 2026-02-04 14:17
Core Insights - Talon Metals Corp. reported successful step-out drill results from the Vault Zone of the Tamarack Nickel-Copper-Cobalt Project in Minnesota, confirming the continuity of massive sulphide mineralization [2][14][15] Drilling Results - Drill hole 25TK0563B intercepted 8.85 meters of mineralization starting at 774.40 meters, grading 9.60% Ni, 12.65% Cu, 0.09% Co, 11.44 g/t Pd+Pt, and 11.12 g/t Au, equivalent to 20.96% NiEq or 41.43% CuEq [5][6][37] - Drill hole 25TK0563, located 16 meters southeast of 25TK0563B, intercepted a combined 34.9 meters of mineralization grading 28.88% NiEq and 57.76% CuEq starting at 762.34 meters [5][6] - New drill hole 25TK0563C intercepted 8.26 meters of mixed massive sulphides starting at 773.95 meters, further indicating the potential for mineralization in the area [7][16] Geological Context - The mineralization remains open in all directions, with additional drilling planned to the north and east of drill hole 25TK0563 [16][19] - Borehole Electromagnetic (BHEM) data indicates high conductivity at multiple levels where mineralization has been intercepted, guiding ongoing drilling efforts [13][19] Future Plans - Talon aims to continue expanding the Vault Zone mineralization both laterally and at depth, with additional geological drill holes planned beyond the current reach of BHEM [23][19] - The company is focused on advancing its strategic priorities, including exploration and permitting at the Tamarack Nickel-Copper Project [14][32]
Showcase Minerals Acquires a Comstock Silver Property and Plans a Drill Program on the Grassy Claims
TMX Newsfile· 2026-02-03 21:58
Core Viewpoint - Showcase Minerals Inc. has entered into an option agreement to acquire a significant silver property in British Columbia, which includes three mineral claims covering 2080.8 hectares and the former Comstock mine [1][4]. Property Acquisition - The property acquisition allows the company to earn a 100% interest, subject to a 3% net smelter returns royalty, through cash payments of $300,000 over two years and issuing shares valued at $100,000 on each anniversary of the agreement [4]. Historical Context - The Comstock mine has a historical production record from 1898 to 1920, with a total of 455 tonnes of ore mined, yielding 1,687,774 grams of silver, 12,387 grams of gold, 217,634 kilograms of lead, and 126,657 kilograms of zinc [2]. Geological Features - The mineralization at the Comstock mine is characterized by quartz veins within a brecciated zone, containing galena, sphalerite, minor tetrahedrite, and trace pyrargyrite [3]. Grassy Gold Project - The company is planning a spring drill program for the Grassy Gold Project, located near the Premier Gold Mine, which historically produced over two million ounces of gold [5]. Mineralization Details - The Grassy property features epithermal, low sulphidation mineralization, primarily consisting of pyrite, sphalerite, galena, and chalcopyrite within quartz-carbonate breccia veins [6]. Geochemical Program Results - In the 2024 geochemical program, the Rama Vein samples showed gold values between 12.68 to 31.9 ppm, silver values from 376 to 1,812 ppm, lead values from 0.3% to 39.89%, and zinc values from 0.68% to 26.93% [8]. Private Placement Financing - The company plans to complete a non-brokered private placement of up to 8,000,000 units at $0.10 per unit, aiming for total gross proceeds of up to $800,000, with specific allocations for flow-through shares and general working capital [9][10]. Insider Participation - Insiders may participate in the private placement, with exemptions from formal valuation and minority shareholder approval requirements [11]. Company Overview - Showcase Minerals Inc. focuses on the exploration and acquisition of mineral properties, particularly in British Columbia's precious metal sectors, including the Golden Triangle and historic silver districts [14].
Questcorp Mining Engages Contractor for Commencement of North Island Copper IP Survey
TMX Newsfile· 2026-02-03 08:01
Core Viewpoint - Questcorp Mining Inc. is advancing its North Island Copper project by conducting a new induced polarization (IP) survey to explore historic copper mineralization, particularly in the Marisa Zone, as copper prices rise due to demand and supply issues [1][3]. Company Overview - Questcorp Mining Inc. is focused on acquiring and exploring mineral properties in North America, aiming to develop economic precious and base metal properties. The company holds a 100% interest in the North Island Copper property, covering 1,168 hectares, and also has an option for a similar interest in the La Union project in Sonora, Mexico, both subject to royalty obligations [6]. Project Details - The upcoming IP survey will cover 10 to 15 line kilometers and will focus on the Marisa Zone, a porphyry copper target previously explored in the 1990s. Historical drilling results indicated significant copper values, with notable intervals of 0.078% copper over 56.39 meters and 0.041% copper over 70.71 meters [2][3]. - The 2026 IP survey aims to enhance coverage by running lines at the same azimuth as the 1973 survey, with the goal of generating new subsurface elevation plans and drill targets for further exploration [3]. Market Context - The importance of the North Island Copper project is underscored by the rising copper prices driven by demand and supply challenges, prompting the company to pursue further exploration based on historical drilling results that showed increasing copper grades with depth [3].
Future Mineral Delivers Potentially Transformational Transaction with Agreement to Acquire 100% Ownership of High-Grade Nickel–Zinc–Lead Project in Poland; Amends $4.5m Financing Terms
Globenewswire· 2026-02-02 23:30
Core Viewpoint - Future Mineral Resources Inc. has entered into a share purchase agreement to acquire the remaining 52% ownership interest in its nickel-zinc-lead project in Poland, aiming to consolidate 100% ownership of a significant polymetallic exploration asset in Europe, coinciding with a strengthening market for base metals and critical minerals essential for electrification and industrial growth [1][2]. Acquisition Details - The acquisition involves purchasing 100% of the issued shares of Forbes EV Metals Inc., which owns the 52% interest in Ferrite Resources Polska sp. z o.o., a private Polish company [2]. - Future Mineral initially acquired a 48% interest in the project in June 2025, and this acquisition will complete the consolidation [3]. Project Overview - The project includes the Szklary nickel deposit and the Dabrowka zinc-lead deposit, located in Poland's established mining corridor [3]. - Historical production at the Szklary site is recorded at 3.5 million tonnes with nickel grades between 1-2.5% [4]. - The Szklary project has a historic JORC inferred resource of 16.8 million tonnes at 0.60% Ni, equating to 94,000 tonnes of contained nickel, although this estimate covers only a portion of the mineral trend [4]. Exploration Plans - Future Mineral plans to conduct approximately 30 confirmatory drill holes to validate and expand historical estimates, with a proposed 24-month exploration program including geophysical surveys and environmental studies [5]. - The exploration aims to increase existing JORC-compliant mineral resources at Szklary [5]. Infrastructure and Strategic Advantages - The Szklary project benefits from existing infrastructure, including two operating smelters within 20 km, and established road and rail access, which reduces development risk [19]. - Poland's stable, mining-friendly regulatory framework supports strategic metals critical to electrification and energy security [19]. Financial Terms - The company will pay an aggregate of $2.6 million to the vendors and enter into a 36-month operating agreement with Forbes & Manhattan, Inc. at $50,000 per month [13]. - The acquisition is subject to customary conditions, including approval from the Toronto Stock Exchange and completion of an amended private placement offering [11]. Upcoming Catalysts - The anticipated closing of the acquisition and the amended offering is expected in early 2026, with ongoing drilling at both the Szklary and Dabrowka projects [11][13].
Litchfield Minerals Selected for BHP Xplor 2026 Accelerator Program
Small Caps· 2026-02-02 03:46
Core Insights - Litchfield Minerals has been selected for the 2026 BHP Xplor global accelerator program, which provides non-dilutive funding and technical support for its Oonagalabi project in the Northern Territory [1][2] Funding and Support - Litchfield will receive US$500,000 in equity-free funding to enhance geological understanding and model refinement at the Oonagalabi project [2] - The funding is non-dilutive, ensuring that Litchfield's capital structure remains unaffected while gaining access to BHP's technical specialists and proprietary exploration methodologies [4] Validation of Geological Model - BHP's selection of Litchfield indicates confidence in the company's geological concept and systematic approach to discovery at Oonagalabi, which is being developed as a large-scale, multi-event mineral system [3][6] - The program is expected to significantly accelerate geological understanding and next-phase targeting at the Oonagalabi project [3][7] Opportunity and Endorsement - The recognition by BHP reinforces Litchfield's belief in the potential for a tier-one discovery at Oonagalabi, highlighting the geological architecture present [5] - BHP's exploration officer noted Litchfield's clear commitment to responsible and systematic project progression, aligning with the goals of the Xplor program [6][7]
Giant Mining Plans Up to 10,000-Foot Multi-Phase Drill Program at Majuba Hill Copper-Silver Project, Nevada
Thenewswire· 2026-01-30 21:05
VANCOUVER, BC — January 30, 2026 — TheNewswire - Giant Mining Corp. (CSE: BFG | OTC: BFGFF | FWB: YW5 | CSE: BFG.WT.A | CSE: BFG.WT.B.) (“Giant Mining” or the “Company”) is pleased to announce the Company is planning Up to 10,000 Feet (3,048 Meters) of drilling in a multi phased drill program (“Drill Program”) and exploration program at the Company’s 9,684 acre flagship Majuba Hill Project Copper-Silver-Gold Project in Pershing County, Nevada.The multi phased Drilling and Exploration Program is anticipated ...
Krakatoa announces initial drilling results at Georgia’s Zopkhito Project
Yahoo Finance· 2026-01-29 13:36
Core Insights - Krakatoa Resources has reported positive results from its initial drilling program at the Zopkhito Antimony-Gold Project in Georgia, confirming high-grade mineralization of antimony and gold beyond historical sampling areas [1][4] Drilling Results - The drilling program, conducted in late 2025, included 15 surface diamond holes and 18 short core sampling holes, with significant intersections of high-grade gold and antimony [1][2] - Notable results from surface drilling at DD25ZOP007 included an 8m interval with an average gold concentration of 14.1 grams per tonne (g/t), starting from 8m, and a 1.5m section with a higher concentration of 38.5g/t, beginning at 13m [2][3] - Drilling at DD25ZOP011 revealed a 7m section with an average of 3g/t of gold, starting from a depth of 66.86m, including a 1m interval with 15.9g/t of gold and 0.47% antimony [3] Strategic Importance - The Zopkhito Project is strategically significant as antimony is a critical mineral for energy storage and defense applications, with 90% of global supply controlled by China [5] - The project's location provides direct access to European markets, enhancing its commercial viability [5] Future Plans - Krakatoa Resources plans to continue exploration in 2026, which will include additional drilling and metallurgical test work to further assess the project's potential [6]