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Southern Cross Gold Consolidated (OTCPK:MWSN.D) 2025 Conference Transcript
2025-10-09 09:12
Summary of Southern Cross Gold Consolidated Conference Call Company Overview - **Company**: Southern Cross Gold Consolidated Ltd - **Focus**: Canadian mineral exploration company with a flagship project, Sunday Creek, located near Melbourne, Australia [1][2] Key Points and Arguments - **High-Grade Discovery**: Sunday Creek is identified as a rare, high-grade, multimillion-ounce gold discovery, with significant metrics supporting its potential [2][3] - **Drilling Success**: The company has achieved 70 drill holes with 98 kilometers of drilling, indicating a high frequency of successful hits, which is considered exceptional in the industry [3][4] - **Funding and Resources**: Southern Cross is fully funded with $150 million Australian in the bank, allowing for an extensive 200-kilometer drilling program [3][4] - **Operational Expansion**: Plans to increase drilling rigs from nine to 22 by mid-next year, enhancing exploration capabilities [4][5] - **Historical Context**: Victoria has a rich history of gold mining, producing a third of the gold during the 1800s gold rush, and is currently experiencing a resurgence in gold production [4][5] - **Comparison with Fosterville**: The neighboring Fosterville mine, operated by Agnico Eagle, has been one of the highest-grade gold mines globally, reinforcing the potential of the Sunday Creek project [5][6] - **Permitting Environment**: Victoria is noted for its favorable permitting environment, having approved four mines in the last six months, making it a conducive location for mining operations [5][6] - **Shareholder Base**: The company boasts a strong shareholder base, including prominent investors who own 30% of the stock, which supports strategic decision-making focused on enhancing share price [6][7] - **Exploration Potential**: The exploration target is estimated at 2.2 to 3.2 million ounces at grades of 8.3 to 10.6 grams gold equivalent, with antimony contributing 20% to the mix [10][11] - **Antimony's Importance**: Antimony is highlighted as a critical mineral used in various industries, including munitions and semiconductors, with a significant supply chain opportunity due to recent export bans from China [16][18] Additional Important Insights - **Geological Understanding**: The company has gained new geological insights that have led to a better understanding of the deposit, allowing for deeper drilling and exploration under previously unexamined areas [12][19] - **Future Milestones**: Upcoming milestones include the permitting of the decline and continued drilling, which is expected to yield consistent news flow and potentially increase the resource estimates [28][29] - **Cost of Capital**: The company is exploring options to lower its cost of capital through potential government support for antimony, which could facilitate financing for the project [32] This summary encapsulates the critical aspects of Southern Cross Gold Consolidated's conference call, highlighting the company's strategic position, exploration potential, and the significance of its discoveries in the context of the gold mining industry.
Goldstorm Metals Completes Geophysical & Rock Geochemical Surveys on the Crown Property and Provides Drilling Update on the Electrum Property, located in the Golden Triangle of British Columbia
Newsfile· 2025-10-09 09:00
Core Insights - Goldstorm Metals Corp. has provided an update on its exploration activities for 2025 at its Crown and Electrum Properties, which cover over 16,000 hectares in British Columbia's Golden Triangle [1][16] - The company has successfully completed geophysical surveys and an extensive rock geochemical program at the Crown Property, yielding promising preliminary results [2][4][5] - Drilling at the Electrum Property is on schedule, with four drill holes completed and two more planned before the end of the exploration season [3][6] Exploration Activities - At the Crown Property, Induced Polarization (IP) and Magnetotelluric (MT) surveys were conducted, focusing on the Copernicus Zone and geochemical anomalies along the Orion Spine [2] - The geological team collected 657 samples during the rock geochemical program, which included random and select grabs, chip, and channel samples [2] - Preliminary results from the geochemical program indicate significant mineralization potential, particularly in gold, copper, and silver [5] Drilling Progress - The drilling program at the Electrum Property is proceeding as planned, with updates expected after the exploration season concludes [3][6] - The completion of four drill holes has been reported, with two additional holes remaining [3] Geophysical Survey Results - The IP survey revealed a large conductivity-resistivity anomaly beneath the Orion Spine, extending over 1.2 kilometers north-south and over a kilometer east-west, located between 300 and 500 meters in depth [4] - Numerous gold, copper, and silver showings have been identified within the IP anomaly, suggesting a potential larger mineralization source at depth [5] Company Overview - Goldstorm Metals Corp. is focused on precious and base metals exploration, with significant land holdings in the Golden Triangle, an area known for high-grade gold deposits [16] - The Crown and Electrum projects are strategically located near major mining operations, enhancing their exploration potential [16]
Tocvan Announces Discovery of New Target with Historic Underground Workings in North Alteration Zone at Gran Pilar Gold-Silver Project
Accessnewswire· 2025-10-09 06:05
Core Insights - Tocvan Ventures Corp. has discovered a new mineralized zone at its Gran Pilar Gold-Silver Project in Sonora, Mexico, which includes historic underground workings [1] - This discovery expands the known mineralized footprint and indicates significant potential for high-grade gold and silver resources [1] Company Overview - Tocvan Ventures Corp. is focused on exploration and near-term production of gold and silver projects [1] - The company is listed on the Canadian Securities Exchange (CSE:TOC), OTCQB (OTCQB:TCVNF), and WKN (WKN:TV3/A2PE64) [1] Project Details - The discovery is located within the expansive North Alteration Zone of the Gran Pilar project [1] - The finding emphasizes the potential for increased resource estimates in the area [1]
Benton Continues to Deliver High-Grade Gold Results at Great Burnt, Including 31.35 g/t from New Surface Sampling
Newsfile· 2025-10-08 11:30
Core Insights - Benton Resources Inc. has reported high-grade gold results from surface sampling at the Great Burnt project, with assays reaching up to 31.35 g/t [1][2] - The new mineralization may extend the previously identified NGB Target, with significant drilling results indicating gold and copper intersections [1][3] - The company is planning immediate follow-up work, including further prospecting, soil sampling, and trenching in the area [2][3] Exploration and Drilling - The newly identified zone is characterized as a silicified mafic volcanic with mineralization including breccia and fractured-filled pyrrhotite and chalcopyrite [2] - Drilling continues in the South Pond Area, aiming to connect over 2.7 km of gold mineralization that remains open to the north and south [3] - The company is actively identifying new high-priority drill targets and plans to test several of these in the current drilling campaign [3] Financial Activities - Benton Resources has limited its current financing to a maximum of $2.0 million and is closing a private placement financing for gross proceeds of approximately $1.98 million [5][7] - The financing will involve issuing 2,627,272 Units, each consisting of one common share and one common share purchase warrant, with proceeds aimed at advancing its Newfoundland projects and general working capital [5][7] Project Overview - 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, with significant potential for further discoveries [15] - Historical drilling results have shown impressive intersections, including 25.42 m of 5.51% Cu and 74.20 m of 1.43 g/t Au, indicating a robust mineralized system [15]
Delta Resources Completes Regional Till Survey, Commences Environmental Baseline Program and Advances Phase II Drilling at Delta-1 in Thunder Bay, Ontario
Newsfile· 2025-10-08 11:00
Core Viewpoint - Delta Resources Limited is advancing its exploration activities at the Delta-1 Gold Property, including a regional till survey, an environmental baseline program, and a Phase II drilling program aimed at expanding the Eureka Gold Deposit and identifying new targets for future drilling [2][3][5]. Group 1: Regional Till Survey - The third phase of the regional till sampling program has been completed, expanding geochemical coverage across the western portion of the Delta-1 property, particularly in the I-Zone sector, which has shown high-grade gold intercepts [3]. - Historical drill intercepts in the I-Zone include 4.32 g/t Au over 41.0 metres, 4.53 g/t Au over 14.4 metres, and 4.36 g/t Au over 20.4 metres, with a mini bulk sample returning an average grade of 9.9 g/t Au [3]. Group 2: Environmental Baseline Program - Delta has initiated an environmental baseline program led by CSL Environmental & Geotechnical Ltd, which will run through 2025-2026 and will be expanded in subsequent years [4][6]. - The program includes hydrology station installations, surface water quality monitoring, species at risk surveys, and a Stage 1 archaeological assessment [6]. Group 3: Phase II Drilling Program - The Phase II drilling program commenced on September 17, 2025, with a minimum of 13 drill holes totaling over 3,100 metres planned to expand the Eureka Gold Deposit and test satellite targets [5][7]. - Current targets include the Shabaqua Zone, located 1.3 kilometres west of Eureka, and the Eureka-South and Eureka-West extensions [5][13]. Group 4: Project Potential - The Delta-1 property covers 297 square kilometres, with many prospective targets yet to be explored, indicating significant growth potential for the company [8][10]. - The Eureka Gold Deposit has shown promising drill intercepts, including 5.92 g/t Au over 31 metres and 1.79 g/t Au over 128.5 metres, with mineralization observed up to 600 metres in depth [10].
LAURION Reports 32.47 g/t Gold Over 1.90 m, including 67.8 g/t Gold Over 0.90 m in Channel Sample at Twin Falls, Ishkoday Project
Thenewswire· 2025-10-08 11:00
Toronto, Ontario – October 8, 2025 – TheNewswire - LAURION Mineral Exploration Inc. (TSX.V: LME | OTC: LMEFF) (“LAURION” or the “Corporation”) is pleased to report results from its recent channel sampling program from the Cyril Knight Showing, situated at Twin Falls northwest of the historic Sturgeon River Mine within the Ishkōday Project. The Twin Falls property is contiguous to and lies immediately west of the broader Ishkōday Project, which is located approximately 220 kilometres northeast of Thunder Ba ...
Canterra Minerals Announces $2.0 Million Private Placement Led by Strategic Investor Michael Gentile and Other Strategic Investors to Fund Gold Exploration in Newfoundland
Globenewswire· 2025-10-07 21:22
Core Viewpoint - Canterra Minerals Corporation announces a non-brokered private placement of C$2 million to support gold exploration efforts in Newfoundland, particularly at the Wilding gold project adjacent to Equinox Gold's Valentine Gold Mine, which has shown promising high-grade gold samples [1][2][3] Group 1: Private Placement Details - The private placement will involve the issuance of 16.6 million units at a price of C$0.12 per unit, resulting in gross proceeds of C$2 million [3] - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of an additional share at C$0.20 for 12 months [3] - The closing of the private placement is scheduled for around October 30, 2025, subject to necessary approvals [5] Group 2: Use of Proceeds - Proceeds from the private placement will be allocated to the exploration of the Wilding Lake Gold Project and for general working capital purposes [4] - The company aims to mobilize a drill rig promptly to follow up on high-grade gold results from the Wilding Gold Project [3] Group 3: Company Overview - Canterra Minerals is focused on critical minerals and gold exploration in central Newfoundland, with projects located near historically significant mining sites [7] - The company's gold projects are strategically positioned along a structural corridor that hosts mineralization within Equinox Gold's mine project [7]
Andina Copper Commences Exploration at Cobrasco
Thenewswire· 2025-10-07 12:30
Core Viewpoint - Andina Copper Corporation has initiated field exploration at the Cobrasco porphyry copper-molybdenum project in Chocó, Colombia, which is part of the underexplored Chocó Copper Belt, indicating significant potential for copper and molybdenum mineralization [1][19]. Project Overview - The Cobrasco project spans 3,000 hectares (30 km²) and is characterized by strong geochemical anomalies in rock, stream sediment, and soil assays for copper and molybdenum, alongside geophysical signatures indicative of large porphyry systems [1][19]. - Historical drilling at Cobrasco Central has revealed significant mineralization, with drillholes reporting intervals such as 808 m at 0.42% Cu and 79 ppm Mo, and 754 m at 0.46% Cu and 76 ppm Mo [2][19]. Exploration Activities - Current exploration includes reconnaissance mapping and rock chip sampling at Cobrasco East, North, South, and the Southern Block, with a focus on identifying high-grade copper values [13][14][19]. - The exploration team has reported high-grade copper values up to 5.38% Cu from rock float samples at Cobrasco East, indicating the need for further investigation [13][19]. Mineralization Characteristics - The mineralization at Cobrasco Central is primarily bornite with low levels of penalty elements like arsenic, suggesting the potential for producing high-grade copper concentrate [2][19]. - The geochemical distribution and alteration patterns observed are typical of a porphyry mineral system, with mineralization remaining open to the north and south [2][11][19]. Future Plans - The company plans to advance the regional prospects to a drill-ready stage, with ongoing exploration activities aimed at defining the size and grade potential of the Cobrasco Central discovery [4][19]. - Preparations are underway for the 2025/26 field season at the Piuquenes porphyry copper-gold project in Argentina, indicating a strategic focus on multiple high-quality copper and copper-gold discoveries [21][19].
IDEX Metals Intersects 101m of 1.02% Cu, 160m of 0.77% Cu and 251m of 0.54% Cu within 421m of 0.37% Cu from Surface, Including 1.96 g/t Ag, 192 ppm Mo, and 419 ppm W, at the Freeze Project, Idaho, USA
Thenewswire· 2025-10-07 12:00
Vancouver, B.C. – October 7th, 2025 – TheNewswire - IDEX Metals Corp. (“IDEX” or the “Company”) (TSXV: IDEX; OTCQB: IDXMF) is pleased to announce that drillhole KSMT25002, recently completed by IDEX on the Freeze property (“Freeze” or the “Property”), intersected 101.0 m of 1.02% Cu, within wider zones of 160.1 m of 0.77% Cu and 420.8 m of 0.37% Cu (from surface). KSMT25002 was designed to test the Kismet Tourmaline Breccia target (“Kismet”) as part of the Company’s Phase I drill program, and followed up o ...
Clarity Metals Receives Permits for Drilling at Fecteau Gold Project
Newsfile· 2025-10-07 12:00
Clarity Metals Receives Permits for Drilling at Fecteau Gold ProjectOctober 07, 2025 8:00 AM EDT | Source: Clarity Metals Corp.Vancouver, British Columbia--(Newsfile Corp. - October 7, 2025) - Clarity Metals Corp. (CSE: CMET) (OTC Pink: CLGCF) (FSE: 27G0) ("Clarity" or the "Company") is pleased to announce that it has received all permits required to conduct drilling on its 100%-owned Fecteau Gold Project (the "Fecteau Property" or the "Property") located in Quebec's Abitibi region.The Company ...