Mineral Exploration and Development
Search documents
NorthWest Announces First Drill Results from 2025 Program and Highlights 44 Metres of 2.81 G/T Gold and 0.66% Copper
Globenewswire· 2025-10-06 11:45
Core Insights - NorthWest Copper has announced positive assay results from the first hole of its 2025 Kwanika diamond drilling program, indicating higher-grade mineralization over significant widths, aligning with the company's target model [1][2][4] Group 1: Drilling Program Highlights - The 2025 Kwanika drill program includes a planned total of 5,135 meters across 17 drill holes [2] - The first drill hole, K-25-269, intersected a combined true width of 32.1 meters within the Central Zone, confirming the quality of the mineralization [2][10] - Significant grades reported include 44.0 meters of 0.66% Cu and 2.81 g/t Au from 198.0 meters downhole, with additional notable intervals [5][11] Group 2: Economic Implications - The results from the drilling program are expected to enhance the Kwanika project economics compared to those presented in the 2023 Preliminary Economic Assessment (PEA) [2] - The company is optimistic about the potential for economic extraction using a more selective bulk underground mining method [2][4] Group 3: Geological Insights - The Kwanika Deposit is divided into three zones: Central, Western, and Pit Zones, each characterized by distinct geological features and mineralization patterns [5][6] - The Central Zone is noted for its two north-south trending zones, while the Western Zone is deeper and characterized by in-situ quartz stockwork [6][10] Group 4: Future Exploration Plans - The current drilling program aims to test nearby targets to explore for new discoveries, enhancing the understanding of higher-grade zones [8][13] - Historical drilling has posed challenges in accurately modeling the location and widths of mineralized structures, which the current program aims to address [8][10]
American Pacific Mining Receives Drill Permit Approval for the Madison Copper-Gold Project and Prepares to Test High-Priority Porphyry and Skarn Targets
Newsfile· 2025-10-01 11:00
Core Insights - American Pacific Mining Corp. has received a drill permit for the Madison Copper-Gold Project, allowing the company to commence drilling on high-priority targets in the Idaho-Montana Porphyry Belt [2][3] Drilling Program Details - The company has fully permitted 7 drill pads, with an additional 12 pads pending approval, aiming for a total of up to 30 holes, including two deep 900-meter tests of porphyry targets [3] - The drilling program is designed to efficiently manage surface disturbance and create flexibility for a robust district-scale drill campaign [3] Targeted Exploration Areas - The drilling will focus on porphyry potential at depth, high-grade copper-gold skarn targets, and structural extensions to expand known mineralization zones [6] - Several untested geophysical and geochemical anomalies will be evaluated, including a newly identified mafic intrusion with samples showing up to 38.5 grams per tonne gold and 33 grams per tonne silver [6] Historical Context and Production - The Madison Project previously produced 2.7 million pounds of copper at grades ranging from 20-35% copper, with significant gold grades reported in past drilling [11] - Recent drilling at nearby mines has shown substantial evidence of a structural link to the Madison Project, indicating a broader mineralizing system [11] Company Overview - American Pacific Mining Corp. focuses on precious and base metals exploration in the Western United States, with flagship assets including the Palmer Project in Alaska and the Madison Project in Montana [13] - The company aims to grow through drilling and acquisitions, and has been recognized for its achievements in the mining sector [13]
FAIRCHILD TO ACQUIRE 100% OF ADVANCED STAGE GOLDEN ARROW PROJECT FURTHER EXPANDING ITS FOOTPRINT ON THE WALKER LANE SHEAR ZONE REGION OF NEVADA
Globenewswire· 2025-09-29 20:12
Core Viewpoint - Fairchild Gold Corp. has entered into a Memorandum of Understanding with Emergent Metals Corp. to acquire a 100% interest in the Golden Arrow Project, a strategically located gold and silver property in Nevada [1][12]. Project Overview - The Golden Arrow Project is an advanced-stage gold-silver project located approximately 40 miles east of Tonopah, Nevada, near the Round Mountain gold mine, which has produced over 15 million ounces of gold [2]. - The project encompasses two principal resource areas, Gold Coin and Hidden Hill, with a combined measured and indicated resource of 12,172,000 tons averaging 0.024 oz/ton Au and 0.33 oz/ton Ag, yielding 296,500 oz Au and 4,008,000 oz Ag [8]. Resource and Exploration Potential - The project exhibits epithermal-style gold-silver mineralization with favorable structural controls for both bulk disseminated and higher-grade vein systems, along with multiple untested large target areas [4]. - Additional geological mapping, sampling, and geophysical analyses are planned to search for new gold-mineralized rock bodies and expand historical resources [3]. Technical Advisory Board Expansion - Guy Lauzier has been appointed as Technical Director for the Golden Arrow Project, bringing decades of experience from major mining companies [6]. Transaction Details - The acquisition involves a purchase price of US$250,000 upon signing, US$350,000 upon TSX Venture Exchange approval, issuance of 12.5 million common shares, and a senior secured note with a face value of US$3.5 million [12]. - The note carries an interest rate of 8.5% and is secured solely by the Golden Arrow Project [12]. Strategic Importance - The acquisition of the Golden Arrow Project is seen as a strategic step for Fairchild to build a world-class portfolio focused on Nevada, leveraging the project's resource potential and exploration upside [9].
Royal Road Mineral Provides Update: Guintar -Margaritas Project, Colombia
Newsfile· 2025-09-29 14:40
Core Viewpoint - Royal Road Minerals Limited is actively collaborating with local authorities and communities to recommence exploration work at its key Colombian asset, the Güíntar-Margaritas project, which shows significant potential for gold, copper, and silver mineralization [1][22]. Project Overview - The Güíntar-Margaritas project is located in the Antioquia region of Colombia, approximately 50 kilometers west of Medellín, and includes multiple mining concession contracts [9]. - The project was acquired through Royal Road's purchase of Northern Colombia Holdings Limited, a subsidiary of AngloGold Ashanti Limited, and has undergone various exploration activities since 2015 [9][10]. Exploration Results - Recent exploratory drilling has revealed both vein gold and porphyry-style gold-copper-silver mineralization extending from the surface to depths exceeding 250 meters [2]. - A total of 45 diamond drill holes have been completed, with 50% terminating in gold grades considered anomalous, indicating further potential at depth [2]. Porphyry-Style Intersections - Significant intersections include: - GUI-DD-012: 62 meters at 2.1 g/t gold, 12.4 g/t silver, and 0.6% copper from 143 to 205 meters [3]. - GUI-DD-021: 43 meters at 2.4 g/t gold, 8.0 g/t silver, and 0.4% copper from 148 to 191 meters [3]. Vein-Gold-Style Intersections - Notable intersections include: - ALM-DD-001: 24 meters at 2.4 g/t gold from 323 to 347 meters [4]. Skarn-Style Intersections - Significant intersections include: - NIV-DD-007: 27 meters at 222.0 g/t silver, 0.2 g/t gold, and 0.1% copper [4]. Future Plans - The company plans to refine its understanding of the mineralization geometry and extend drill holes away from known higher-grade material [22]. - The Margaritas project is fully permitted and ready for drill-testing, with previous rock-chip sampling returning up to 34 g/t gold and 3,160 g/t silver [19]. Company Background - Royal Road Minerals is a mineral exploration and development company focused on discovering and developing large-scale copper and gold deposits while minimizing environmental impact [23].
Vanguard Mining Begins Mobilization for 2025 Redonda Copper-Molybdenum Drill Program, British Columbia
Thenewswire· 2025-09-26 20:30
Core Viewpoint - Vanguard Mining Corp. has initiated mobilization for its 2025 diamond drill program at the Redonda Copper-Molybdenum Project, which is fully permitted and funded, aiming to explore significant mineralization potential in British Columbia [1][6]. Program Overview - The 2025 drill program will utilize targets identified from a previous airborne geophysical survey and recent drilling results, with notable intervals recorded up to 142.6 meters grading 0.279% Cu and 0.0281% Mo [2][5]. - Vanguard has contracted Paradigm Drilling Ltd. to conduct the drilling using a Boyles B-15 hydraulic drill capable of reaching depths greater than 600 meters [3][10]. - The program includes up to 10 permitted drill sites, focusing on deeper drilling below 500 meters and detailed geological mapping of brecciation trends [7][10]. Collaboration and Community Engagement - The company will collaborate closely with the Klahoose First Nation for labor and logistics support throughout the drilling campaign [4][10]. Geological Context and Potential - The Redonda Project is situated in a geologically favorable area, with mineralization interpreted to extend north and south, and potential extensions identified along an old road system approximately 1 kilometer to the northwest [7][10]. - The geological setting shares characteristics with nearby porphyry systems, indicating a district-scale magmatic-hydrothermal potential [18]. Data and Methodology - Drill hole locations are selected based on historical datasets and results from a late-2024 airborne geophysical survey, which identified strong correlations with geological domains [11]. - Core samples will be analyzed at an ISO/IEC 17025-accredited laboratory, ensuring adherence to industry-standard protocols for quality assurance and control [12].
Inventus Reports 4.0 gpt Gold and 1.50 Metre Average for Trench 1 North Grade-Control Drilling and Provides Bulk Sample Update at the Pardo Gold Project
Globenewswire· 2025-09-23 11:00
Core Viewpoint - Inventus Mining Corp. has reported positive results from grade-control drilling at the Trench 1 North Bulk Sample Site, indicating strong gold mineralization at its Pardo Gold Project, which is expected to enhance the project's potential for low-cost scalable mining operations in Ontario's Sudbury district [1][8]. Drilling Results - The grade-control drilling at the Trench 1 North Site consisted of 52 shallow holes, revealing notable gold grades including 12.61 gpt over 1.68 metres and 13.88 gpt over 1.20 metres [2][5]. - The weighted average grade and thickness from 28 holes in the identified pit area was 4.00 gpt gold and 1.50 metres [2][5]. Bulk Sample Program Update - The 007 North Bulk Sample, totaling 4,816 tonnes, was delivered to McEwen's Stock Mill on August 6, with processing expected around October 13 [3][6]. - The Trench 1 Bulk Sample, consisting of 10,093 tonnes, was delivered on September 15, with processing anticipated in November [7][6]. - The planned bulk samples include 5,000 tonnes from 007 North with a weighted average grade of 3.84 gpt and 10,000 tonnes from Trench 1 North with a grade of 4.00 gpt [4][6]. Company Overview - Inventus Mining Corp. is focused on mineral exploration and development in the Sudbury mining district, holding a 100% interest in the Pardo Paleoplacer Gold Project, which is recognized as the first significant paleoplacer gold discovery in North America [16]. - The company has approximately 205 million common shares outstanding [16]. Future Outlook - The President and Head of Exploration, Wesley Whymark, expressed optimism regarding the upcoming processing of bulk sample material and the potential for the Pardo project to evolve into a low-cost mining operation as gold prices rise [8].
Western Star Resources Gives Company Update Regrading its Fully Drill 100% Owned Permitted Western Star Property
Thenewswire· 2025-09-18 12:00
Company Update - Western Star Resources Inc. has successfully acquired the Discovery Property, now fully owning the Western Star Property, which is fully permitted for a multi-pad drill program [1] - The company plans to initiate its maiden drill program on the 100% owned Western Star Property while also expanding its presence in Nevada through a recent MOU with The Real American Corp [1] Property Details - The Western Star Property includes twelve MINFILE showings, such as Black Bear, Lardeau-Goldsmith, Hunter, and others, indicating a diverse mineralization potential [2] - The property spans 4,740 hectares (46.4 km²) and is characterized by a mineralized strike length of over 6.2 km, with high-grade samples showing 246.76 g/t silver, 1 to 50.1% lead, 8.22 g/t gold, and 3.68% copper [6] Mineralization Insights - The Lardeau-Goldsmith showing is noted for high silver values, with mineralization inferred to be similar to nearby showings consisting of pyrite, galena, and sphalerite [4] - The Lexington showing features a 3.6-meter-wide quartz vein containing 1.5 meters of massive galena, assaying high silver values [5] - The Banner showing has a 32-meter adit from 1900 aimed at cutting the vein at depth, with mineralization consisting of galena-sphalerite in quartz-carbonate veins [6] Exploration and Future Plans - The company is eager to proceed with its maiden drill program, having secured drill permits in place [17] - Further updates regarding the drill program and exploration across the 100% owned Western Star Property are anticipated [17] Company Background - Western Star Resources is focused on increasing shareholder value through the development of exploration properties and seeking partnerships with industry leaders [19] - The company currently owns nine non-surveyed contiguous mineral claims located within the Revelstoke mining division of British Columbia, approximately 50 kilometers southeast of Revelstoke [19]
Vanguard Mining Launches 2025 Redonda Follow-Up Drill Program After 174.1 m at 0.34% CuEq From Surface
Thenewswire· 2025-09-17 07:05
Core Viewpoint - Vanguard Mining Corp. has initiated its 2025 Diamond Drill Program at the Redonda Copper-Molybdenum Project, which is fully permitted and funded, aiming to expand on previous discoveries and define the system's true size [1][2][3]. Company Overview - Vanguard Mining Corp. is focused on mineral exploration and development, aiming to create long-term value through responsible acquisition and development of strategic mineral assets in stable jurisdictions [12]. Project Details - The Redonda Project spans 2,746.46 hectares and is located approximately 40 km northeast of Campbell River, British Columbia, with year-round accessibility [7]. - The project is supported by a recent airborne geophysical survey that identified strong correlations with geological domains, enhancing the understanding of the mineralization potential [6]. Drill Program Insights - The 2025 Drill Program is designed to follow up on a near-surface copper/molybdenum discovery from 2023 and 2024, with significant past results including a 174-meter zone starting at surface and surface samples around 0.5% copper-equivalent [2][3]. - The program will include detailed geological mapping and deeper drilling below 500 meters, with mineralized zones remaining open to the north and south [3]. Historical Data and Results - Historical drilling data from 1979 and recent exploration results indicate promising mineralization, with notable intercepts such as 0.452% Cu over 15.2 meters and 0.279% Cu over 142.6 meters [2][3]. - The project has been permitted for up to 10 drill sites, indicating a robust exploration strategy moving forward [3]. Geological Context - The geological setting of the Redonda Project shares characteristics with nearby porphyry systems, suggesting significant mineralization potential [8]. - The area is influenced by early Cretaceous dioritic intrusions and features multiple intrusive phases, with copper-molybdenum mineralization concentrated along specific geological structures [8].
Carolina Rush Partners with OceanaGold on the Brewer Gold-Copper Project
Newsfile· 2025-09-16 13:00
Core Viewpoint - Carolina Rush Corporation has entered into an Earn-In Option Agreement with OceanaGold Corporation for the Brewer Gold-Copper Project, allowing OceanaGold to earn an 80% interest through staged investments totaling US$20 million for exploration and property purchase [1][4]. Agreement Structure - The agreement allows OceanaGold to earn a 50% interest by funding US$8 million by December 31, 2027, and an additional 30% interest by funding another US$12 million by December 31, 2030, for a total of 80% interest [3][4]. - The agreement includes a provision for OceanaGold to exercise Carolina Rush's underlying Brewer Option at any time before it expires on December 31, 2030, which includes assuming historical environmental liabilities [4]. Joint Venture and Operations - Upon earning a 50% interest, a 50:50 joint venture will be formed, with Carolina Rush as the initial operator and a 10% unallocated cost allowance [4][5]. - If OceanaGold exercises the Brewer Option before spending the total US$20 million, Carolina Rush will be carried until that amount is spent [4]. Shareholder Approval - The agreement is contingent upon Carolina Rush shareholder approval, which will be sought at a Special Shareholder Meeting on October 21, 2025 [4][5]. - If approved, OceanaGold will advance US$150,000 for pre-drilling expenses and commit to a minimum of US$1.5 million within 12 months [4]. Company Background - Carolina Rush Corporation is focused on the Brewer Gold-Copper Project in South Carolina, which is underexplored and has potential for both near-surface and deeper mineralization [6]. - The Brewer Project is located 13 km from OceanaGold's Haile Gold Mine, which has a production guidance of 170,000-200,000 ounces of gold for 2025 [6].
Marimaca Copper – Update to A$80,000,000 Placement
GlobeNewswire News Room· 2025-09-05 00:00
Core Viewpoint - Marimaca Copper Corp. is conducting a brokered placement to raise approximately A$80 million (C$72.08 million) through the issuance of 8,247,423 Chess Depositary Interests (CDIs) at A$9.70 per CDI [1][2] Group 1: Placement Details - The net proceeds from the placement will be allocated to detailed design and engineering work at the Marimaca Oxide Deposit (MOD), exploration at the Pampa Medina Project, and general corporate purposes [2] - The placement is subject to ASX Listing Rule 7.1 waiver and is scheduled to occur with specific indicative dates for trading halt, settlement, and allotment [2][4] - Joint lead managers for the placement include Macquarie Capital (Australia) Limited, Euroz Hartleys Limited, and Beacon Securities Limited [5] Group 2: Company Insights - Marimaca Copper Corp. focuses on copper exploration and development, particularly its flagship Marimaca Copper Project in the Antofagasta Region, Chile [8] - The Marimaca Copper Project includes the Marimaca Oxide Deposit (MOD), which is currently undergoing a Definitive Feasibility Study led by Ausenco Chile Ltda [9] - The company aims to enhance its exploration program at both the Pampa Medina and Marimaca sulphide targets, supported by a recent robust Definitive Feasibility Study [7]