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Discovery of Copper Mineralization in 400 Metre Step-Out Drill Hole, Four Kilometres North of the Mount Polley Mill
Globenewswire· 2025-08-13 00:58
Core Viewpoint - Imperial Metals Corporation has reported significant mineralization discoveries at the Mount Polley mine, with notable copper and gold grades identified in a new exploration drill hole, FP-25-01, indicating potential for further exploration and resource expansion [1][3]. Exploration Results - Drill hole FP-25-01 intercepted two significant mineralized zones: - 7.0 metres grading 0.70% copper and 0.27 g/t gold starting at 383.0 metres - 20.0 metres grading 0.25% copper and 0.96 g/t gold starting at 417.5 metres [1][2]. - The hole was drilled 4.15 kilometres north of the operating Mount Polley mill and 1.2 kilometres from the previously mined Wight Pit, known for high copper grade ore [1][2]. Geological Insights - The mineralization is located 390 metres away from the nearest known mineralized hit, suggesting the potential for additional discoveries in the area [3]. - The presence of native copper in the intercept is unique and raises questions about similar mineralization styles nearby [3]. - The mineralized zones extend over a linear distance of more than 1,500 metres along an interpreted structural corridor, indicating a significant geological feature [3]. Future Exploration Potential - The extent of non-copper-gold bearing magnetite breccia below 437.5 metres suggests extensive hydrothermal activity, supporting further exploration in the surrounding area [3]. - Drilling has been suspended temporarily after the results from FP-25-01, with 16 additional drill holes previously designed to expand resources in the gold-rich C2 Zone [6]. Company Overview - Imperial Metals Corporation is based in Vancouver and operates the Mount Polley mine, along with other properties including the Huckleberry mine and the Red Chris mine [8].
Hi-View adds Bob Schafer as a Technical Advisor
Thenewswire· 2025-08-12 12:30
Core Insights - Hi-View Resources Inc. has appointed Bob Schafer to its Technical Advisor Team, bringing over 40 years of experience in the mineral industry [1][2][3] - Schafer's expertise will be instrumental in advancing the company's Toodoggone projects, particularly the Golden Stranger project, which is fully permitted with 45 drill-ready sites [3][5] - The company has a significant exploration potential, with historical drilling highlights showing 10 meters at 11.55 g/t gold and recent sampling yielding up to 111.5 g/t gold and 2,740 g/t silver [5] Company Overview - Hi-View Resources Inc. focuses on mineral exploration targeting gold, silver, and copper in the Toodoggone region of northern British Columbia, Canada [5] - The company's properties cover 9,749 hectares, including the Golden Stranger Property (2,669 hectares) and other claims [5] - A pre-NI 43-101 estimate indicates 498,905 tonnes at 2.74 g/t gold, showcasing the potential for future discoveries [5] Compensation and Engagement - In connection with his appointment, Schafer will receive a stock option grant of 100,000 stock options and 100,000 Restricted Share Units (RSUs) [3] - The company previously announced an engagement with Aktiencheck.de AG for a European marketing awareness program, set to feature on August 13, 2025 [4]
Integral Metals Provides Update on 2025 Drilling at the KAP Project
Globenewswire· 2025-08-12 12:00
Core Insights - Integral Metals Corp. has initiated its 2025 diamond drilling program at the KAP Project in the Northwest Territories, with the first hole completed to a depth of 86 meters and the second hole currently in progress [1][5] Group 1: Drilling Program Details - The company plans to conduct a staged program consisting of approximately six diamond drill holes aimed at testing high-priority extensions of historically drilled high-grade lead-zinc zones around the Main Showing area [2] - The first pad location has been selected to assess the central portion of the Main Showing, providing early insights into mineralization and geometry [3] - The second pad is designed to evaluate mineralization along and north of historical hole F-96-05, aiming to extend the strike and investigate discrepancies between historical drilling results [4] Group 2: Company Strategy and Goals - The drilling sequence is designed to be flexible, with early results guiding subsequent targeting, which may lead to an expansion of known zones at the Main Showing [5] - Integral Metals Corp. is focused on mineral exploration for critical minerals, including gallium and germanium, contributing to the development of a domestic supply chain for these minerals [8]
Blue Star Reports High-grade Surface Samples from Nutaaq, Axis and Twilight Drill Targets; 597 g/t and 134 g/t Au Returned from Nutaaq
Newsfile· 2025-08-12 12:00
Blue Star Reports High-grade Surface Samples from Nutaaq, Axis and Twilight Drill Targets; 597 g/t and 134 g/t Au Returned from Nutaaq August 12, 2025 8:00 AM EDT | Source: Blue Star Gold Corp. Vancouver, British Columbia--(Newsfile Corp. - August 12, 2025) - Blue Star Gold Corp. (TSXV: BAU) (OTCQB: BAUFF) (FSE: 5WP0) ("Blue Star" or the "Company"), a leading explorer in Canada's North, announces the completion of the pre-drilling Phase I Surface Exploration Program at its projects located in the High Lake ...
Onyx Gold Launches 2025 Exploration Program at King Tut in Yukon's Eastern Tombstone Belt
Newsfile· 2025-08-12 11:00
Core Viewpoint - Onyx Gold Corp. has launched its 2025 exploration program at the King Tut Property in Yukon's eastern Tombstone Gold Belt, focusing on advancing the Ra intrusion vein field discovery to refine future drill targets [1][4]. Exploration Program Details - The 2025 program will systematically evaluate the Ra target through detailed mapping and extensive channel and grab sampling to identify the most prospective zones for future drilling [2][12]. - The Ra intrusion, previously explored in 1996, features widespread gold-bearing quartz veins within a 3 x 2 km granitic body [5][8]. - An initial reconnaissance program in 2024 confirmed extensive sheeted vein fields at Ra, with a standout grab sample returning 25.1 g/t Au [4][9]. Recent Developments - On August 5, 2025, the company received approval for surface exploration and up to 5,000 meters of diamond drilling from 10 sites across King Tut [5]. - The 2025 field program commenced on August 9, 2025, and will be conducted over a 21-day period [5][12]. - The Ra target is located within a promising geological setting, comparable to Snowline Gold's Valley deposit, which is only 50 km away [6]. Historical Context and Future Plans - Previous fieldwork identified two large-scale gold-in-soil anomalies, Golden Mask and Main Tut, associated with separate intrusion-related gold systems [7]. - The company plans to continue its exploration efforts in both Yukon and Ontario simultaneously for the first time in its history [4][5]. - The Ra target has shown promising results, with prior drilling intersecting 1.0 g/t Au over 21 meters and surface grab samples up to 20.1 g/t Au [8][9]. Munro-Croesus Gold Property Update - The company has completed 40 drill holes totaling approximately 12,000 meters at the Munro-Croesus property in Ontario, focusing on extending known gold mineralization [13]. - A 150% increase in the drill program size from 10,000 to 25,000 meters has been approved based on strong results [14]. - The company is also launching a bedrock excavation program to expose the surface projection of gold mineralization at Munro-Croesus [15]. Acquisition and Financial Details - The TSX Venture Exchange has approved the mineral property purchase agreement for the Munro property, allowing the company to acquire a 100% interest through staged cash payments totaling $300,000 [16]. - A one-time bonus cash payment of $500,000 will be made if a mineral resource exceeding 500,000 ounces of gold is defined on the Munro Property within five years [16].
Thor Explorations Announces Financial and Operating Results, for the Three and Six Months Ending June 30, 2025
Newsfile· 2025-08-12 06:00
Core Viewpoint - Thor Explorations Ltd. reported strong financial and operational results for Q2 2025 and H1 2025, achieving record revenue, EBITDA, and net profit, driven by high gold prices and operational efficiencies [6][16][17]. Financial Highlights - Q2 2025 revenue reached US$82.7 million, a 54% increase from US$53.8 million in Q2 2024, while H1 2025 revenue totaled US$146.8 million, up from US$87.1 million in H1 2024 [6][16]. - Q2 2025 EBITDA was US$60.3 million, compared to US$37.6 million in Q2 2024, and H1 2025 EBITDA was US$103.9 million, up from US$60.9 million in H1 2024 [6][16]. - Net profit for Q2 2025 was US$51.6 million, a 50% increase from US$33.7 million in Q2 2024, and H1 2025 net profit was US$86.1 million, compared to US$39.9 million in H1 2024 [6][16]. - As of June 30, 2025, the company reported net cash of US$52.8 million, significantly up from US$12.0 million at the end of 2024 [6][16]. Operational Highlights - The Segilola Gold mine sold 25,900 ounces of gold in Q2 2025 at an average price of US$3,187 per ounce, with cash operating costs of US$715 per ounce and all-in sustaining costs of US$915 per ounce [6][16]. - Gold poured totaled 22,784 ounces for Q2 2025 and 45,574 ounces for H1 2025, with a mill feed grade of 3.12 g/t Au and a recovery rate of 93.1% [6][16]. - A total of 238,425 tonnes of ore were processed in Q2 2025, with no significant downtime [6][16]. Exploration Activities - The company focused on underground resource drilling at Segilola, completing 4,418 meters in 12 holes during Q2 2025, with plans to define an updated resource by the end of 2025 [11][20]. - Regional exploration included geochemical target generation with 5,051 samples collected and a drone aeromagnetic survey covering 26 km² [11][20]. - At the Douta Project in Senegal, a 12,000-meter drilling program at the Baraka 3 Prospect was completed, with assay results expected in Q3 2025 [20][21]. Environmental, Social, and Governance (ESG) Initiatives - The company achieved operational efficiencies leading to environmental benefits, including a decrease in fresh process water usage and improved energy and emissions intensity [15][16]. - Notable ESG milestones included community projects such as the completion of the Oba's palace and the delivery of minibuses to local transport cooperatives [15][16]. Outlook - The company maintained its FY2025 production guidance of 85,000 to 95,000 ounces of gold, with AISC guidance of US$800 to US$1,000 per ounce [15][16]. - Continued exploration efforts are planned across its portfolio, including ongoing drilling programs in Nigeria and Côte d'Ivoire [15][16].
Gold Springs Resource Corp. Files Q2 2025 Financial Statements, MD&A and Provides Operations Update
Newsfile· 2025-08-11 21:56
Financial Performance - For the six months ended June 30, 2025, general and administrative expenses decreased to $0.27 million from $0.31 million in the same period of 2024 [2] - The net loss for the six months ended June 30, 2025, was $0.30 million ($nil loss per share), compared to a net loss of $0.34 million ($nil loss per share) for the same period in 2024 [2] - As of June 30, 2025, the company had cash of $0.02 million [2] Operational Developments - The company is working with ADT Environmental & Mineral Consultants and Global Resource Engineering to apply for permits to build a heap-leach processing pilot plant and a starter pit at the South Jumbo area in Utah, with a resource estimate of 214,565 oz M&I Au identified [3] - The company has engaged Gardiner Brothers Drilling Inc. to drill a water well near the processing facility, which will supply water for a large-scale operation [4] Company Overview - Gold Springs Resource Corp. focuses on the exploration and expansion of gold and silver resources at its Gold Springs project located on the border of Nevada and Utah, USA, in the Great Basin, a prominent mining jurisdiction [6]
Lion Rock Resources Reports Results from High-Resolution Magnetic Survey and 3D Inversion at Volney Project, South Dakota
Newsfile· 2025-08-11 11:20
Core Insights - Lion Rock Resources Inc. has reported positive results from a high-resolution UAV magnetic survey and advanced 3D inversion at the Volney Project, indicating a significant gold and LCT pegmatite system [1][4] - The company is preparing to initiate its inaugural drill program at Volney, with drill permitting in the final stages [1][4] Survey Results - The recent surface sampling program identified a continuous high-grade gold horizon over 260 meters, with assay values reaching up to 189.5 g/t Au [2] - Magnetic data supports the continuity of the gold-bearing structure, which remains open in all directions, enhancing exploration potential [2][6] Geological Insights - The magnetic survey revealed a clear contrast between gold-bearing mafic host rock and the LCT pegmatite system, aiding in identifying target areas beyond the known horizon [4] - The exMAG survey data indicates a large magnetic anomaly at depth, suggesting a deep-seated mineralized system extending over 1 km [6] Project Overview - The Volney Project is strategically located in South Dakota's Black Hills, a historically significant mining region that has produced over 62 million ounces of gold [10] - The project features the Giant Volney pegmatite, which is 635 meters long and remains untested at depth, indicating further exploration opportunities [10][15] Corporate Developments - Lion Rock has entered into an agreement to sell its Maybrun claims in Ontario, Canada, with the purchaser expected to sell the property to a publicly traded corporation [12][14]
Rocky Shore Gold Announces Non-Brokered Private Placement
Globenewswire· 2025-08-11 11:00
Core Viewpoint - Rocky Shore Gold Ltd. is initiating a non-brokered private placement to raise up to $1,500,000 through the sale of units and flow-through shares, aimed at advancing its Gold Anchor Project [1][3]. Group 1: Offering Details - The Offering will consist of units priced at $0.05 each, with each unit comprising one common share and one-half of a share purchase warrant [2]. - Each warrant allows the holder to acquire one common share at an exercise price of $0.10 for three years, with potential accelerated expiry terms if the common shares trade at or above $0.20 for 20 consecutive days [2]. - The proceeds from the units will be allocated for general corporate purposes, while proceeds from the flow-through shares will specifically fund exploration and advancement of the Gold Anchor Project [3]. Group 2: Regulatory and Insider Participation - The securities issued will be subject to a hold period of four months and one day, in compliance with Canadian securities laws [4]. - Insiders of the company may participate in the Offering, which will be considered a related party transaction, but is expected to remain below 25% of the company's market capitalization, allowing the company to rely on exemptions from formal valuation requirements [5]. Group 3: Project Overview - The company is excited about its upcoming fall drill program at the Lane Pond Gold Target, which trends over 11 kilometers within the Gold Anchor Project [6]. - The Lane Pond Gold Target has never been drilled and is strategically located along the Appleton Fault Corridor, with ongoing sampling and geophysical surveys to identify priority areas for diamond drilling [6]. - The planned drilling will include up to 5,000 meters across 30-50 shallow near-surface holes [6]. Group 4: Company Background - Rocky Shore Gold is a Canadian exploration company focused on major gold discoveries at its 100%-owned Gold Anchor Project, located in central Newfoundland, an underexplored gold belt [10]. - The project spans over 1,200 square kilometers and is strategically positioned near significant gold discoveries and deposits [10].
Gladiator Discovers New Zone in First Drilling Below 200m at Cowley
Newsfile· 2025-08-11 11:00
Core Insights - Gladiator Metals Corp. has successfully extended high-grade copper mineralization at Cowley Park, with new drilling results indicating significant potential for further resource definition and exploration [1][5][6] Drilling Results - The ongoing phase 2 drill program at Cowley Park has involved 40 holes totaling 8,121 meters, targeting extensions of previously identified high-grade copper skarn mineralization [1][7] - Notable drill results include: - CPG-092: 55m @ 0.70% Cu from 176m, including 21.90m @ 1.27% Cu from 199.1m [4][8] - CPG-094: 70.5m @ 1.13% Cu from 95.5m, including 14.0m @ 2.05% Cu from 101m [4][16] - CPG-080D2: 14.5m @ 1.01% Cu from 31.5m [4][13] - CPG-091: 24.5m @ 1.06% Cu from 71.5m, plus additional significant intercepts [4][16] New Mineralization Zone - The first drill hole targeting mineralization below 200m has encountered a previously unobserved style of mineralization, with disseminated bornite and chalcopyrite within a 180m wide zone in altered granodiorite [2][5][9] - This new mineralization style indicates the potential for further exploration and resource expansion at Cowley Park [5][6] Exploration Strategy - Gladiator plans to complete at least 20,000 meters of diamond drilling in 2025, with three rigs currently operating [26] - The exploration strategy includes targeting high-grade copper skarns throughout the Whitehorse Copper Belt, with a focus on resource definition and expansion [18][20] Project Background - The Whitehorse Copper Project is an advanced-stage exploration project in Yukon Territory, Canada, with a history of copper production dating back to 1897 [20][21] - The project area includes over 30 copper-related occurrences and is accessible via existing infrastructure [21][24]