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Mithril Silver and Gold Returns 11.5m @ 8.61 g/t Gold, 57.6 g/t Silver from 44.5 Metres in Hole T2DH25-006 at Target 2 Area, Copalquin Property, Mexico
Newsfile· 2025-05-20 11:30
Core Insights - Mithril Silver and Gold Limited has reported high-grade drilling results from the Target 2 area in the Copalquin property, Mexico, indicating a significant discovery of gold and silver [1][2][4] Group 1: Drilling Results - The drill hole T2DH25-006 returned 11.5 meters at 8.61 g/t gold and 57.6 g/t silver from a depth of 44.5 meters, including 3.85 meters at 25.33 g/t gold and 128 g/t silver [2][16] - Follow-up drilling is planned approximately 80 meters down dip to further explore the mineralization [2] Group 2: Exploration Progress - Drilling at Target 2 (Las Brujas) has shown excellent results over a 200-meter strike length, confirming the presence of high-grade gold and silver within a broad, near-surface structure [2][4] - The first phase of drilling at El Peru, located 400 meters east of Las Brujas, has also indicated an extension of the mineralized footprint [5] Group 3: District Potential - The Copalquin district is characterized by over 1,000 meters of vertical relief between Target 2 and Target 5 across a 5 km area, highlighting its potential to host a large, multi-target mineralized system [5][8] - The district has a history of significant gold and silver occurrences, with rapid exploration success suggesting it is developing into a notable gold-silver district within the Sierra Madre Gold-Silver Trend [8][25] Group 4: Resource Expansion - Resource expansion efforts are underway at Target 1, with deep drilling at the El Refugio structure continuing to intercept the targeted zone [5][31] - The maiden JORC resource estimate for the district indicates a high-grade gold and silver resource potential, with significant opportunities for further resource growth [27][31]
Oroco Announces Major Initiatives
Globenewswire· 2025-05-15 11:00
Core Developments - Oroco Resource Corp. announced three significant developments for its Santo Tomás Copper Project in northwestern Mexico [1] - The company aims to enhance the scale and long-term value of the project through a proposed river realignment [2][7] - Engagement of a respected environmental law firm in Mexico to assist with regulatory compliance and permitting [4][5] - Application for listing on the Toronto Stock Exchange to increase visibility and attract institutional investors [6][8] Project Details - The Santo Tomás Project covers a total area of 9,034 hectares, including 1,173 hectares of core concessions [9] - The project is located within 170 km of the Pacific deep-water port at Topolobampo, with access via highway and rail [12] - Historical exploration has defined significant copper porphyry mineralization, with over 30,000 meters drilled from 1968 to 1994 and an additional 48,481 meters drilled since 2021 [10][11]
Lion One Drills 54.16 g/t Gold over 1.9 m, Including 156.55 g/t Gold over 0.6 m at Tuvatu Gold Mine in Fiji
Newsfile· 2025-05-12 12:25
Core Viewpoint - Lion One Metals Limited reported significant high-grade gold results from its Tuvatu Alkaline Gold Project in Fiji, indicating strong potential for resource expansion and upgrade due to high-grade intersections in the Ura lode system [1][4]. Group 1: Drilling Results - The company conducted 2,701.4 meters of underground infill and grade control drilling, focusing on the Ura lode system, which is currently being mined [1][3]. - Notable drill results include 54.16 g/t gold over 1.9 meters, with a peak of 156.55 g/t gold over 0.6 meters [1][8]. - Additional high-grade intersections reported include 16.64 g/t over 3.2 m, 20.02 g/t over 1.6 m, and 38.43 g/t over 0.6 m [8]. Group 2: Mining Development - A shrinkage stope is being developed between the 1116 and 1156 levels, scheduled for mining within the next three months, covering a strike length of approximately 80 meters [3][14]. - The Ura lode system remains open at depth, with potential for at least 4 to 5 additional mining levels below current workings, indicating significant resource expansion opportunities [4][19]. Group 3: Geological Insights - The Ura lode system consists of at least three identified lodes: Ura 1, Ura 2, and Ura 3, with a total strike length of approximately 220 meters each [11][12]. - The system is largely untested outside current mining areas, with high-grade results returned from drilling up to 90 meters below current underground workings [4][19]. Group 4: Operational Context - Lion One Metals is an emerging Canadian gold producer with operations established at the Tuvatu project, which includes a high-grade gold deposit and an underground gold mine [27]. - The company operates its own geochemical assay laboratory and diamond drill rigs, ensuring rigorous quality control in its exploration and drilling activities [23][24].
Surge Copper Delivers Geotechnical Results Supporting Pit Design and Resource Growth at Berg
Globenewswire· 2025-05-08 11:00
Core Viewpoint - Surge Copper Corp. has successfully completed a geotechnical drilling and analysis program at its 100%-owned Berg Project, which supports the feasibility of a future open pit mine design and indicates potential for resource expansion [1][3][4]. Group 1: Geotechnical Program Overview - The geotechnical program included six drill holes targeting both central and outer areas of the deposit, designed to gather data on structural geology, rock mass quality, and hydrogeological conditions [1][3]. - The program was completed ahead of schedule and under budget, providing critical data for advancing Pre-Feasibility Study (PFS)-level engineering design [3][8]. Group 2: Slope Design and Mining Efficiency - The resulting slope design criteria recommend inter-ramp angles ranging from 39 to 46 degrees, which may allow for steeper slopes and a lower overall strip ratio compared to previous designs [5][6][9]. - The updated fault model incorporates 2024 drilling data to improve geotechnical resolution and enhance structural interpretation [5][8]. Group 3: Mineralization and Resource Expansion - Several drill holes intersected low-grade mineralization and silver-rich base-metal veins, suggesting potential for resource expansion and conversion [8][9]. - Notable results include hole BRG24-246, which returned 184 meters grading 0.30% CuEq, and hole BRG24-249, which encountered high-grade silver intervals [9][25]. Group 4: Company Background and Future Prospects - Surge Copper Corp. is advancing a critical metals district in British Columbia, owning multiple advanced porphyry deposits with significant resources of copper, molybdenum, gold, and silver [28][29]. - The Berg Project has a maiden PEA outlining a large-scale, long-life project with an NPV of C$2.1 billion and an IRR of 20% based on long-term commodity prices [29].
Osisko Metals Intersects 323 Metres Averaging 0.43% Cu at Gaspé Project
Globenewswire· 2025-05-05 11:00
Core Insights - Osisko Metals has announced new drilling results from the Gaspé Copper Project, confirming the potential for resource expansion both at depth and to the south of the current deposit [1][4][10] Drilling Results - Drill hole 30-1065 intersected 323.0 metres averaging 0.43% Cu and 3.18 g/t Ag, with a higher-grade section of 13.3 metres averaging 2.50% Cu and 17.8 g/t Ag [5] - Drill hole 30-1061 extended mineralization to a vertical depth of 712 metres, with significant intersections of 172.5 metres averaging 0.18% Cu and 1.52 g/t Ag, and 215.5 metres averaging 0.31% Cu and 2.67 g/t Ag [5] - Drill hole 30-1064 extended mineralization to a vertical depth of 618 metres, with intersections of 164.7 metres averaging 0.26% Cu and 1.94 g/t Ag [5] - Drill hole 30-1067, located 215 metres south of the 2024 MRE model, intersected 136.8 metres averaging 0.32% Cu and 3.18 g/t Ag, indicating that mineralization remains open to the south [5][6] Geological Insights - The new drilling results support a revised geological model, with mineralization occurring as disseminations and veinlets of chalcopyrite, primarily controlled stratigraphically [7][9] - The current drilling program aims to convert the November 2024 Mineral Resource Estimate (MRE) to Measured and Indicated categories and to explore deeper stratigraphy [11][10] Resource Estimates - The Gaspé Copper Project currently has Indicated Mineral Resources of 824 million tonnes averaging 0.34% CuEq and Inferred Mineral Resources of 670 million tonnes averaging 0.38% CuEq [16] - The project hosts the largest undeveloped copper resource in eastern North America, strategically located near existing infrastructure [16]
Osisko Metals Intersects 300 Metres Averaging 0.39% Copper at Gaspé Copper Project
Globenewswire· 2025-04-14 11:00
Core Insights - Osisko Metals has announced initial drilling results from the 2025 drilling program at the Gaspé Copper Project, indicating significant mineralization extending both laterally and at depth beyond the 2024 Mineral Resource Estimate (MRE) [1][3][9] Drilling Results - Five drill holes were reported, all intersecting significant disseminated mineralization within the 2024 MRE model, with new mineralization added at depth [3][9] - Drill hole 30-0947 intersected 82.0 meters grading 0.31% Cu and 2.55 g/t Ag, indicating the deposit extends 110 meters south of the 2024 MRE model [9] - Drill hole 30-1059 intersected 300.0 meters grading 0.39% Cu and 3.17 g/t Ag, while drill hole 30-1060 extended mineralization to a vertical depth of 598 meters with 211.0 meters grading 0.42% Cu and 2.27 g/t Ag [9][12] - Drill hole 30-1063 extended mineralization to a vertical depth of 678 meters, intersecting 109.5 meters grading 0.32% Cu and 2.52 g/t Ag [9] - Drill hole 30-1069 intersected 237.0 meters grading 0.32% Cu and 2.46 g/t Ag, with additional significant intersections at depth [9] Project Overview - The Gaspé Copper Project is located in the Gaspé Peninsula of Eastern Québec and is focused on resource expansion, with current Indicated Mineral Resources of 824 million tonnes grading 0.34% CuEq and Inferred Mineral Resources of 670 million tonnes grading 0.38% CuEq [16][17] - The 2025 drill program aims to convert the November 2024 MRE to Measured and Indicated categories and test for expansion deeper into the stratigraphy and laterally towards Needle East and Needle Mountain [12][16]