Mineral Exploration
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Galloper Gold Clarification Release
Newsfile· 2025-08-01 14:25
Core Viewpoint - Galloper Gold Corp. has been awarded the Exempt Mineral Lands (EML) Mineral Licence for the historic Lunch Pond South Extension (LPSE) Resource on Glover Island, which contains approximately 178,800 ounces of gold [1][2]. Summary by Sections Acquisition and Resource Details - The EML was awarded through a Request for Proposal (RFP) process that began in November 2024, covering an area of 1,926 hectares [2]. - The LPSE resource was delineated by Mountain Lake Minerals in 2012, with a total of ~178,800 ounces of gold indicated and inferred [2]. - The technical report from 2017 confirms the reliability of the historical estimate, as no exploration work has been conducted on the LPSE deposit since its release [3]. Geological Context - The LPSE deposit is situated in the southwestern part of an 11 km mineralized corridor known as the Glover Island Trend (GIT), which hosts 17 mineral prospects [4]. - The GIT is associated with significant mineralization, including gold and base metals, and is located near the Cabot Fault, which is known for its prolific mineralized nature [4]. Management Commentary - The CEO of Galloper Gold expressed enthusiasm about the acquisition, stating it positions the company for significant growth in gold deposits and mining development in Canada [5]. - The acquisition adds a known 43-101 resource to Galloper's portfolio, indicating a promising future for the company [5]. Resource Estimates - The mineral resource estimate includes: - Open Pit: 993,000 tonnes at an average grade of 1.72 g/t Au indicated and 1,703,000 tonnes at 1.59 g/t Au inferred [6][7]. - Underground: 36,000 tonnes at 2.99 g/t Au indicated and 373,000 tonnes at 2.78 g/t Au inferred [6][7]. - The total resource estimate combines both open pit and underground classifications, totaling 1,029,000 tonnes at an average grade of 1.76 g/t Au indicated and 2,076,000 tonnes at 1.81 g/t Au inferred [7]. Future Plans - An exploration program is set to begin in the fall, focusing on expanding the Lucky Smoke prospect and drilling the LPSE deposit and other prospects within the new Mineral Licence [11]. Company Overview - Galloper Gold Corp. is focused on mineral exploration in the Central Newfoundland Gold Belt, with its flagship Glover Island Property located 24 km southeast of Corner Brook [13].
WestKam Gold Corp. Mobilizes Crews for Prospecting and Soil Sampling on Will Property, Mt. Williams, B.C.
Globenewswire· 2025-07-31 14:27
Core Viewpoint - WestKam Gold Corp. is initiating a prospecting and soil sampling program on its 100%-owned Will Project, which is located on Mt. Williams, British Columbia, indicating a strategic move towards exploration and potential resource discovery [1][5]. Group 1: Project Details - The Will Project covers an area of 1,142.47 hectares and is in good standing until January 30, 2027, highlighting its viability for exploration [2]. - The 2025 exploration campaign will focus on a zone of listwanite alteration, which is geologically favorable for gold and antimony mineralization [2][3]. - The targeted alteration zone aligns with the Minto-Olympic shear zone, suggesting a similar structural and lithological setting that is known for significant gold deposits [3]. Group 2: Exploration Program - The exploration program will include systematic soil sampling, geological mapping, and prospecting to identify geochemical anomalies and potential drill targets [4]. - The company emphasizes the importance of responsible exploration practices and collaboration with local communities as operations progress [5]. Group 3: Company Overview - WestKam Gold Corp. is focused on acquiring and developing mineral properties in Western Canada that have strong potential for significant resources [8].
Orestone Mining Corporate Update
Newsfile· 2025-07-31 12:00
Vancouver, British Columbia--(Newsfile Corp. - July 31, 2025) - Orestone Mining Corp. (TSXV: ORS) (OTC Pink: ORESF) (FSE: O2R2) ("the Company") is pleased to provide an update of corporate activities and an overview of exploration activities on the Company's gold, silver and copper properties. Francisca Gold-Silver Project, Salta, Argentina Orestone signed an Option Agreement covering the Francisca property during the first quarter of 2025. We are preparing to initiate a Phase I exploration program in the t ...
C3 Metals Strengthens Technical Team
Newsfile· 2025-07-31 11:00
Toronto, Ontario--(Newsfile Corp. - July 31, 2025) - C3 Metals Inc. (TSXV: CCCM) (OTCQB: CUAUF) ("C3 Metals" or the "Company") is pleased to announce that it has strengthened its technical team through the appointment of Dr. Stephanie Sykora to the position of Chief Geologist. Dr. Sykora will commence her employment with C3 Metals effective August 15, 2025. Dr. Sykora is a seasoned exploration geologist with over a decade of global experience working with both major and junior, and public and private, compa ...
Maxus Mining Expands Land Holdings at the Quarry Antimony Project in British Columbia, Canada
Globenewswire· 2025-07-30 12:00
VANCOUVER, British Columbia, July 30, 2025 (GLOBE NEWSWIRE) -- Maxus Mining Inc. ("Maxus" or the "Company") (CSE: MAXM | FRA: R7V), is pleased to announce that the Company has expanded its land holdings through strategic staking of an additional 1,803 hectares at the Quarry Antimony Project (the "Project" or the "Property") in British Columbia, Canada. The Company is currently undertaking a compilation of all available historic data on the Project to prepare its Phase 1 Exploration Plan. Scott Walters, CEO ...
Magma Silver Q3 Drilling Preparation Work Program
Newsfile· 2025-07-30 11:30
Core Viewpoint - Magma Silver Corp. has initiated a summer work program at the Niñobamba silver-gold project in Peru to refine drill targets for a planned Q4 drill program, following previous exploration efforts [1][2]. Group 1: Project Overview - The work program focuses on the Jorimina and Randypata deposits, with a community access agreement in place for exploration activities [2]. - Historical drilling by Newmont Corporation included 3,536 rock samples, 2,988 channel samples, and 4,377 meters of drilling at Jorimina, yielding gold grades of 1.19 g/t over 72.3 meters and 1.07 g/t over 24.6 meters [3]. - The program aims to identify overlooked mineralized zones, particularly a 2 km long silver anomaly at Randypata that has not been drilled [3]. Group 2: Management and Technical Team - The work program will be led by Senior Geologist Edgar Leon and supervised by Jeffrey Reeder, P.Geo., a Senior Technical Advisor [3]. Group 3: Upcoming Events - Management will participate in several upcoming marketing events, including the Precious Metals Summit in September 2025 and the Swiss Mining Institute Conference in November 2025, where updates on the Q4 drill program will be provided [9]. Group 4: Company Background - Magma Silver Corp. is focused on exploring and developing the Niñobamba silver-gold project, which spans an 8 km mineralized corridor in a high-sulphidation epithermal system [11]. - The company has invested over C$14.5 million in the project to date, leveraging modern geological modeling and a strategic development plan [11].
PAN GLOBAL ADVANCES DRILL PROGRAMS AT ESCACENA AND CÁRMENES PROJECTS, SPAIN
Prnewswire· 2025-07-30 11:25
Core Viewpoint - Pan Global Resources Inc. is advancing its drill programs at the Escacena and Cármenes Projects in Spain, focusing on high-priority targets with significant mineralization potential, while preparing for a maiden Resource Estimate for the La Romana deposit by year-end [2][5][6]. Escacena Project - The Escacena Project covers a 5,760-hectare area in the Iberian Pyrite Belt, hosting multiple targets including La Romana and La Pantoja [8]. - The ongoing drill program includes 20 completed drillholes as part of a 7,000-meter initiative, targeting VMS-associated copper, tin, silver, and gold [5][6]. - Recent drilling has extended the surface strike-length of mineralization at La Romana to 1.7 km, with further drilling planned to test high-grade mineralization extensions [6][7]. Cármenes Project - The Cármenes Project spans 5,653 hectares and is located in a geologic belt known for copper-gold mining, with a focus on breccia-style mineralization [9]. - The drill program at Cármenes is testing for high-grade gold and copper-nickel-cobalt at the Providencia target, with three of six planned drillholes completed [5][12]. - Recent results from Providencia indicate wide breccia intercepts and gold mineralization from near surface in every drillhole to date [12]. Technical Reporting and Resource Estimation - The company is in the process of selecting a consultant to prepare a NI 43-101-compliant Technical Report, including a maiden Mineral Resource Estimate for the La Romana deposit [7][11]. - The Escacena Project is strategically located near existing mining operations, enhancing its potential for development [11]. Market Context - The company is focused on exploring copper-rich deposits, which are critical for global electrification and energy transition, alongside gold, which is experiencing record prices [10].
American Pacific Drills 10.2 g/t Gold over 7.6 Metres Including 44.1 g/t Gold over 1.5 Metres and Demonstrates Link Between Historic Broadway and Madison Mine Areas
Newsfile· 2025-07-30 11:00
Core Insights - American Pacific Mining Corp. has reported significant drilling results from its Madison Project, demonstrating a structural and stratigraphic link between the historic Broadway and Madison mines, which could indicate a larger mineralized system at depth [1][4][7]. Drilling Results - The final six reverse circulation drill holes from Phase I 2025 revealed an upper zone in hole APMMAD25-08 with 44.1 g/t Au over 1.5 m within a broader interval averaging 10.2 g/t Au over 7.6 m [5][13]. - Additional significant results include 0.5% Cu over 27.4 m and 0.7 g/t Au over 16.8 m in hole APMMAD25-05, and notable pathfinder mineralization in APMMAD25-06 [5][6]. Geological Insights - The drilling results validate the geological model, confirming that the Broadway and Madison mines are part of a broader mineralized corridor, which was not identified in past exploration efforts [6][8]. - The presence of elevated bismuth tellurides and other pathfinder minerals supports the interpretation of a robust mineralizing system at depth, indicating potential for a deeper porphyry system [6][13]. Future Exploration Plans - The next phase of drilling is set to commence in the second half of 2025, utilizing data from Phase I to refine drill targets aimed at delineating a potentially substantial buried porphyry [4][13]. Historical Context - Historical mining at the Broadway mine yielded gold grades averaging 9.9 g/t Au for 144,000 ounces from 1870 to 1942, indicating a rich mining history that enhances the current exploration potential [8][20]. Economic Potential - Select drill holes testing historic material returned significant values, with APMMAD25-03 showing 0.7 g/t Au, 20.8 g/t Ag, and 0.3% Cu over 10.7 m, suggesting that previously considered waste material may provide future cash flow opportunities [14][20].
Hycroft Announces 2025-2026 Exploration Drill Program
Prnewswire· 2025-07-30 11:00
Core Insights - Hycroft Mining Holding Corporation is set to initiate its 2025-2026 Exploration Drill Program at the Hycroft Mine in Nevada, involving approximately 14,500 meters of core drilling with two drill rigs [1][2][5] - The program aims to expand high-grade opportunities at the Brimstone and Vortex sites, while also exploring newly identified target areas, including the Manganese target [2][4] - The exploration efforts are based on data from previous drill programs, which revealed significant high-grade silver mineralization, including intervals exceeding 11,000 grams per tonne [5][6] Exploration Program Details - The 2025-2026 Exploration Drill Program is designed to extend mineralization systems at Brimstone and Vortex, which remain open in all directions and at depth [2][4] - The program builds on the successes of the 2023 and 2024 drill programs, which led to the discovery of two high-grade silver systems [5][6] - The exploration team has developed targets through extensive data review and a new cohesive geologic model that integrates geochemical and geophysical data [4][5] Company Overview - Hycroft Mining Holding Corporation is focused on transitioning the Hycroft Mine into a large-scale milling operation for processing sulfide ore, with less than 10% of its 64,000-acre land package explored [6] - The company has achieved a Total Reportable Injury Frequency Rate of 0.00 over two and a half years, emphasizing its commitment to safety [4] - The ongoing exploration is expected to unlock significant value for shareholders by uncovering the full potential of the Hycroft Mine, particularly in silver production [4][6]
Nova Minerals Quarterly Activities and Cashflow Report – 30 June 2025
Globenewswire· 2025-07-29 21:08
Core Insights - Nova Minerals Limited is advancing its Estelle Gold and Critical Minerals Project in Alaska, focusing on gold and antimony exploration with a significant drilling program [1][6][24] Estelle Project - A 15,000-meter drill program commenced in June 2025, targeting the RPM and Korbel gold deposits and initiating resource estimation at the Stibium prospect for both gold and antimony [6][8] - The Estelle Project encompasses over 20 advanced gold and antimony prospects, including two defined multi-million ounce resources [24] RPM Drill Program - A 10,000-meter drill program at the RPM deposit began in July 2025, aimed at enhancing resource definition and expanding mineralization [6] - Drilling will focus on the eastern strike extension beneath a fractured zone and the high-grade hornfels/intrusive contact, which is known for significant gold mineralization [6][7] Korbel Drill Program - Approximately 2,000 meters of drilling at Korbel will target a potential higher-grade starter pit at Korbel Main, with flexibility to expand into other high-priority targets [4] Surface Sampling Program - A comprehensive regional surface exploration program is underway, including geological mapping and geochemical sampling to identify new high-priority prospects [5] Antimony Assets - The Stibium prospect has commenced a 3,000-meter drilling program to establish a maiden mineral resource estimate for gold and antimony [11] - High-impact results from surface sampling include rock samples with over 30% Sb and gold grades up to 141 g/t [11] U.S. Department of Defense Grant - Nova's application for U.S. Department of Defense funding is in its final stages, which could fast-track the development of the antimony resource at Estelle [9][11] - Successful funding would allow for an expanded drilling program and initial testing at the Styx target [11] Financial Position - As of June 2025, Nova had A$9.08 million in cash and no debt, excluding A$18.4 million raised in a subsequent U.S. offering [11] - Notable cash flow items include A$1.9 million in exploration and evaluation costs and A$432,000 in administration expenses [11] Corporate Developments - The appointment of Mr. Chaim (Dovi) Berger as an Independent Non-Executive Director was announced, bringing extensive experience in corporate law and finance [11]