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Globex Options Virgin Mountain Rare Earth & Beryllium Project in Arizona
Globenewswire· 2025-09-29 13:00
Core Viewpoint - Globex Mining Enterprises Inc. has optioned its Virgin Mountain Rare Earth Property in Arizona to Arizona Mountain Pass Heavy Rare Earths Pty Ltd, receiving $800,000 in cash and $600,000 in shares over 42 months for 100% interest in the property [1][2]. Deal Summary - The agreement includes cash payments of $800,000 and shares worth $600,000 over a 42-month period for the Virgin Mountain property, which consists of 23 unpatented lode claims totaling 192.28 hectares (475.1 acres) [2]. - The property is located in the Virgin Mountain Range, approximately 120 km northeast of Las Vegas, Nevada, and is accessible via highway 15 and a 16 km gravel road [2]. Historical Context - Past exploration for uranium and rare earth elements (REE) occurred from the 1940s until 1991, with various companies conducting exploration work, including ASARCO and Blandsell Mining Company [3]. - The Virgin Mountains were explored for beryllium in the 1950s and 1960s but never went into production [3]. Geological Insights - The Virgin Mountain area features a complex geology with Precambrian metamorphic and intrusive rocks, alongside Paleozoic to Cenozoic sedimentary rocks [5]. - REE mineralization is associated with elevated radioactivity, primarily found in the Hummingbird Zone, which has been defined over a distance of 250 m [6][9]. Mineralization Details - The Hummingbird Zone shows high-grade widths between 0.9 m and 1.45 m, with potential widths of radioactive anomalies related to REE mineralization reaching over 10 m [6]. - Channel samples from the Hummingbird structure returned total rare earth oxide (TREO) contents ranging from 0.328% to 1.24% [8]. Economic Potential - The mineralization includes valuable heavy rare earth elements (HREE) such as gadolinium, terbium, dysprosium, and neodymium, with terbium assays reaching up to 96 g/t [9]. - The agreement stipulates a 3% Gross Metal/Mineral Royalty and an annual advance royalty of $100,000 starting from the seventh anniversary of the effective date [7]. Beryllium Insights - The Globex claim block contains pegmatites enriched in beryllium, with historical BeO grades ranging from 0.02% to 2.98% [11]. - Chrysoberyl, the dominant beryllium mineral in the Virgin Mountain pegmatites, offers a potential low-cost alternative for high-purity beryllium production [13][14].
Grizzly Receives Work Permits to Conduct Drilling and Trenching at Four of Its Targets at The Greenwood, BC Precious and Battery Metals Project
Newsfile· 2025-09-29 13:00
Core Insights - Grizzly Discoveries Inc. has received drilling and trenching permits for several priority exploration targets in the Greenwood area, including Midway, Sappho, Copper Mountain, and Imperial [1][4] - The company is conducting a private placement offering for gross proceeds of up to $1 million to support planned exploration activities in fall 2025 [1][2] - The focus of the upcoming exploration will be on the Midway Exploration Target, particularly the historical Midway Mine, with plans for trenching, rock and soil sampling, and drilling [2][12] Exploration Details - The Midway area has shown promising results from previous sampling, with rock grab samples yielding gold grades ranging from 12.05 g/t to 70.8 g/t and silver grades from 1,360 g/t to 2,140 g/t [5] - New showings identified in 2023 near the Midway Mine include gold grades of up to 5.64 g/t and 4.19 g/t from different locations [5] - At least six new areas with anomalous gold, copper, and silver in soils have been identified at Midway, indicating potential for further exploration [5] Company Overview - Grizzly Discoveries Inc. is a diversified Canadian mineral exploration company focused on developing approximately 72,700 hectares (about 180,000 acres) of precious and base metals properties in southeastern British Columbia [17] - The company is led by an experienced management team with a track record of advancing exploration projects from early stages to feasibility [17]
AngloGold Ashanti to Commence Drilling at Organullo Gold Project, Salta Province, Argentina
Globenewswire· 2025-09-29 12:29
VANCOUVER, British Columbia, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Latin Metals Inc. ("Latin Metals" or the "Company") - (TSXV: LMS) (OTCQB: LMSQF) is pleased to announce that AngloGold Argentina Exploraciones S.A. ("AngloGold Ashanti"), a wholly owned subsidiary of AngloGold Ashanti plc (NYSE: AU) plans to begin drilling at the Organullo Gold Project ("Organullo" or the ("Project"), in Salta Province, Argentina. AngloGold Ashanti has an option (the "Option") to earn up to an 80% interest in the Company’s Orga ...
Denarius Metals Granted the "Cruzadillo" Investigation Permit near Its Lomero Project, Huelva Province, Andalusia, Spain
Newsfile· 2025-09-29 11:00
Core Viewpoint - Denarius Metals Corp. has been granted the Cruzadillo Investigation Permit, expanding its exploration area near the Lomero Project in Spain, which enhances its potential for discovering additional polymetallic deposits [2][3][6]. Group 1: Permit Details - The Cruzadillo Investigation Permit covers approximately 60 hectares and is located less than 1 km from the Lomero Project, increasing Denarius Metals' total property holdings in the Iberian Pyrite Belt to approximately 665 hectares [2][6]. - The permit is significant as it provides legal coverage over the land between Cruzadillo and existing investigation permits, allowing the company to influence an additional 141 hectares within the Iberian Pyrite Belt [6][7]. Group 2: Exploration Potential - The Cruzadillo area is believed to host geophysical anomalies associated with gossan outcrops, indicating the potential for discovering additional polymetallic deposits [3][4]. - The area is crossed by the potential western extension of the Las Merinas target, which lies along a major shear zone, enhancing the exploratory potential for the Lomero Project [4][6]. Group 3: Historical Context - The Cruzadillo Mine was historically mined starting in 1882, with operations halting in 1892. The mining activities revealed multiple ore lenses and significant mineralization, which may still hold potential for further exploration [5][6]. - Historical exploration efforts in the area continued into the 1960s, leading to the discovery of additional mineralization, indicating a rich geological history that could be leveraged for future mining activities [5][6]. Group 4: Future Plans - The company is currently designing a systematic exploration and drilling campaign for 2026, which will include drilling targets at Cruzadillo to test for the presence of polymetallic bodies that could increase the current mineral resources of the Lomero Project [3][8].
Azimut Starts Drilling High-Grade Gold Zone at Wabamisk, James Bay Region, Québec
Globenewswire· 2025-09-29 10:30
Core Insights - Azimut Exploration Inc. has initiated a maiden 1,500-metre core drilling program on the Rosa Zone, discovered through prospecting this summer [1][2] - The Rosa Zone is located on the Wabamisk Property in the Eeyou Istchee James Bay region of Québec, Canada [1] - The drilling program is contingent on positive initial results, with additional drilling planned [1] Drilling Program Details - The drilling program is based on systematic follow-up work, including an induced polarization (IP) survey that outlined a continuous chargeability anomaly over 1.4 kilometres [2][3] - The IP survey identified a subparallel chargeability anomaly located 50 to 200 metres north of the main anomaly [2] - The corridor defined by the IP data and prospecting results measures 1.4 kilometres by 200 metres [3] Geological Context - The mineralization consists of a sheared quartz vein system with disseminated sulphides, generally less than 2%, and visible gold associated with quartz veins observed at over 10 locations [6] - High-grade results include 36 grab and channel samples with grades above 1.0 g/t Au, with 15 samples exceeding 5.0 g/t Au, up to 42.0 g/t Au [6] - The mineralized outcrops extend over a 700-metre east-west strike, with consistent high-grade results over 300 metres, and the IP results suggest a minimum strike of 1.4 kilometres [6] Property Overview - The Wabamisk Property comprises 673 claims covering 356 square kilometres, including the former Chromaska Property [7] - The adjacent Wabamisk East Property has been optioned to Rio Tinto for lithium exploration, providing a strategic 51-kilometre strike position in a prospective belt [7][8] - The property is located near significant mining operations and infrastructure, enhancing its accessibility [8] Project Management and Analytical Protocols - The drilling program is conducted by Nouchimi-RJLL Drilling Inc., with rock samples analyzed by ALS Laboratories using fire assay and ICP methods [9] - Azimut applies industry-standard QA/QC procedures to its drilling and prospecting programs [9] - The project is managed by Alain Cayer, P.Geo., ensuring adherence to technical standards [10] Company Background - Azimut is a leading mineral exploration company with a strong reputation for target generation and partnership development, holding the largest mineral exploration portfolio in Quebec [12][13] - The company employs a proprietary big data analytics system, AZtechMine™, to enhance exploration efficiency [13] - Strategic investors include Agnico Eagle Mines Limited and Centerra Gold Inc., holding approximately 11% and 9.9% of the company's shares, respectively [14]
Prismo Metals Receives High Silver and Copper Assays at Silver King
Thenewswire· 2025-09-29 07:30
Core Insights - Prismo Metals Inc. has announced expanded drilling plans at the Silver King project in Arizona following the receipt of final assay results, which indicate high-grade mineralization in both silver and copper [1][2][23]. Summary by Category Assay Results - The final assay results include significant overlimit values: 757 g/t Ag, 1.5% Cu, 6.7% Pb, and 11.5% Zn from a newly discovered polymetallic vein, and 619 g/t Ag and 511 g/t Ag from samples taken at the Silver King shaft area [1][2]. - Overlimit copper assays ranged from 1.11% to 2.43% for three samples from the replacement mineralization area, indicating promising mineralization potential [2]. Geological Insights - The Silver King project features a newly described polymetallic vein and a copper vein, with geological mapping indicating various types of mineralization [4][7]. - The Silver King mine is strategically located 3 km from the Resolution Copper deposit, which is one of the largest unmined copper deposits globally, with an estimated resource of 1.787 billion metric tonnes at an average grade of 1.5% copper [23]. Drilling Plans - Initially, a drill program of about 1,000 meters was planned to test the upper half of the Silver King mineralized body and adjacent areas [8]. - Following recent discoveries, the company plans to add a second phase of drilling for an additional 1,000 meters, focusing on newly identified targets, including the polymetallic and copper veins [9][13]. Historical Context - The Silver King mine has a rich history, having produced nearly 6 million ounces of silver at grades up to 61 oz/t, with recent small-scale production samples returning grades as high as 644 oz/t silver [23]. Company Overview - Prismo Metals Inc. is focused on advancing its Silver King, Ripsey, and Hot Breccia projects in Arizona, as well as its Palos Verdes silver project in Mexico [24].
Maxus Mining Consolidates the Quarry Project through Acquisition of the Beveley Property in Northern British Columbia
Globenewswire· 2025-09-26 21:30
Core Viewpoint - Maxus Mining Inc. has entered into a Mineral Claims Purchase Agreement to acquire a 100% interest in the Beveley Property, enhancing its portfolio in British Columbia with significant mineralization potential [1][4]. Acquisition Highlights - The Beveley Property consists of two mineral claims covering 108 hectares, contributing to the Company's total property portfolio of 15,098 hectares across various projects [1][3]. - The acquisition was completed for a cash payment of CDN$10,000, with no finders' fee involved [10]. Property and Mineralization Details - The Quarry Project, now expanded to 2,740 hectares, is strategically located and has a history of mineralization, including high-grade samples of lead, zinc, and silver [4][5]. - Historical sampling from the Beveley Property has shown high-grade potential, with notable assays including 20% antimony, 42.5% lead, and 3.8% copper [5][24]. - Historic drilling results indicate significant mineralization, with averages such as 23.6 meters of 1.83% lead and 2.82% zinc [7]. Future Exploration Plans - The Company plans to advance exploration efforts, including integrating geological data into a 3D GIS environment and conducting ground reconnaissance to validate historical work [12][10]. - Work required to upgrade the historical estimate includes confirmatory drilling and modern analytical methods to meet CIM standards [9][8]. Company Overview - Maxus Mining Inc. focuses on locating, acquiring, and developing economic mineral properties, with a diverse portfolio that includes antimony, tungsten, and copper projects [22][24].
Endeavour Silver Intersects High-Grade Silver-Lead-Zinc Mineralization at its Kolpa Operation
Globenewswire· 2025-09-25 21:15
Core Insights - Endeavour Silver Corp. announced positive drill results from its exploration program at the Kolpa Mine in Peru, highlighting the geological potential of the area for mineralization [1][6][12] Exploration and Geological Insights - The Kolpa Mine is characterized by sub-vertical geological structures formed by the Andean Orogeny, creating significant vein systems that guide mineralization [1] - Structural pairing has been identified, enhancing the potential for mineral discovery across neighboring vein sets [2] Drilling Activities and Results - Drilling in Corridor 3 focused on the Poderosa West and Caudalosa Chica veins, with significant mineralization identified [3][4] - The Poderosa West vein has been mapped for approximately 2.5 kilometers, with 14 drill holes totaling 2,343 meters completed, intersecting significant mineralization zones [3][5] - Key drill results include: - Hole DDH-H1-25-88: 247 grams per tonne (gpt) Ag, 0.77% Pb, 10.70% Zn, and 0.55% Cu over 8.20 meters estimated true width [8] - Hole DDH-H1-25-92: 266 gpt Ag, 1.34% Pb, 4.73% Zn, and 0.23% Cu over 5.15 meters estimated true width [8] Future Plans - Management is evaluating surface exploration and recent drill results to design a systematic exploration program at the Kolpa Mine [5] - Ongoing underground development at Poderosa West will facilitate access for new underground drill stations, with drilling activity scheduled to resume in late Q4 2025 [5][6] Company Overview - Endeavour Silver is a mid-tier precious metals company committed to sustainable mining practices, with operations in Mexico and Peru, and aims to become a premier senior silver producer [14]
Hi-View Resources Announces Induced Polarization Survey on Flagship Golden Stranger Project
Thenewswire· 2025-09-25 12:30
VANCOUVER, BRITISH COLUMBIA – TheNewswire - SEPTEMBER 25th, 2025 – HI-VIEW RESOURCES INC. (“Hi-View” or the “Company”) (CSE: HVW; OTCQB: HVWRF; FSE: B63) has engaged Peter E. Walcott & Associates to conduct a comprehensive ground induced polarization (IP) survey at its flagship Golden Stranger Project. Preparations are in progress, with field work set to commence this week. The survey will consist of approximately four 2-kilometer lines, spaced 400 meters apart, covering a total of about 8 kilometers of de ...
Nexus Uranium Provides U.S. Permitting Update for the Chord Project, South Dakota
Newsfile· 2025-09-25 12:00
Core Viewpoint - Nexus Uranium Corp. is advancing the permitting process for the Chord Uranium Project in South Dakota through both state and federal pathways, aiming for efficient execution of drilling programs upon receiving approvals [1][2][3]. State (Section 36) Permitting - The Exploration Notice of Intent (EXNI) application for state lands has progressed through reviews and consultations, with a Board of Minerals & Environment hearing scheduled for January 2026 [2]. - The state authorization will be issued post-hearing, subject to conditions and bonding requirements [2]. Federal (USFS) Permitting - The Plan of Operations for the federal lands was accepted on November 27, 2024, and a Memorandum of Understanding (MOU) with the U.S. Forest Service (USFS) was executed on July 15, 2025 [3]. - Public scoping for the federal process is expected to begin in October 2025, with a proposed program involving up to 17 drill holes and a maximum hole depth of approximately 700 feet [3]. Chord Project Overview - The Chord Project encompasses approximately 3,640 contiguous acres in the southern Black Hills, combining unpatented lode claims and a state mineral lease [4]. - The project is located near enCore Energy's Dewey Burdock ISR uranium project, which has recently received regulatory approvals, potentially benefiting regional development [4][6]. Other Corporate Updates - Nexus completed the acquisition of Basin Uranium Corp. on September 16, 2025, consolidating its U.S. portfolio and continuing permitting efforts at the Chord Project [7]. - An updated NI 43-101 technical report for the Chord Project was filed on September 19, 2025, and is available on the company's SEDAR+ profile [7].