Core Insights - Cygnus Metals Limited has reported significant high-grade gold mineralization at the Golden Eye prospect within the Chibougamau Copper-Gold Project in Quebec, with the best intercepts to date being 60.8g/t AuEq over 0.4m, including 51.3g/t Au, 7.2% Cu, and 18.0g/t Ag [1][6][13] - The results indicate the potential for valuable resource growth, with additional assay results expected soon from ongoing drilling [5][9][10] Drilling Results - Recent drilling results include: - 7.4m @ 5.7g/t AuEq (4.6g/t Au, 0.9% Cu, 5.6g/t Ag) from 405.6m, with a notable interval of 3.1m @ 9.6g/t AuEq [6][13] - 2.9m @ 10.2g/t AuEq (8.3g/t Au, 1.4% Cu, 3.3g/t Ag) from 463.8m, including the high-grade 0.4m @ 60.8g/t AuEq [6][13] - Historical drilling has shown significant intersections, such as 5.9m @ 34.1g/t AuEq and 4.5m @ 21.6g/t AuEq, indicating a strong potential for resource estimation [7][14] Project Development - The Golden Eye prospect is strategically located 3km from Cygnus' central processing plant, with existing dual ramp access within 150m of the mineralization [8][10] - Cygnus plans to compile new drilling results with historical data from 77 holes totaling 21,371m to complete an initial Mineral Resource Estimate for Golden Eye [10][15] Historical Context - The Chibougamau district has a rich history of gold and copper production, with over 3.5 million ounces of gold produced historically at an average grade of 2.1g/t Au [11][12] - Golden Eye has never been mined and was last drilled in the early 1990s when gold prices were significantly lower [6][10] Future Outlook - Cygnus aims to leverage ongoing exploration and data compilation to identify additional drill targets and enhance resource growth, focusing on low-risk brownfield exploration [15][12] - The company is positioned to benefit from historically high gold prices, making Golden Eye a potential growth driver [8][9]

New Results Continue to Build on Resource Size12.4 g/t gold over 10.7 m including 27.9 g/t gold over 4.5 m Discovery of a New Exploration Corridor at Depth6.2 g/t gold over 7.8 m CW and 4.4 g/t gold over 16.0 m CW Exploration Driving Production Growth for the Future TORONTO, May 07, 2025 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) is pleased to announce an update on activity at the Fox Complex’s Grey Fox Project. Included in this press release are some of the best drill results we have see ...

VANCOUVER, BC, May 7, 2025 /PRNewswire/ - New Found Gold Corp. ("New Found Gold" or the "Company") (TSXV: NFG) (NYSE-A: NFGC) is pleased to announce the start of the 2025 work program on the Company's 100%-owned Queensway Gold Project ("Queensway" or the "Project") in Newfoundland and Labrador, Canada.Highlights: Figure 1. AFZ Core map showing the location of Dome and Golden Dome. (CNW Group/New Found Gold Corp.) Figure 2. Iceberg excavation showing high-grade quartz vein exposures. (CNW Group/New Fou ...

Core Viewpoint - Newcore Gold Ltd. has reported significant drill results from its ongoing 35,000-metre drill program at the Enchi Gold Project in Ghana, particularly at the Boin Gold Deposit, indicating multiple wide zones of gold mineralization and higher-grade intervals, which suggest strong potential for resource growth [1][4][12]. Drilling Program Overview - The drill program aims to enhance resource growth and convert Inferred Resources to Indicated, with the first phase focused on resource conversion ahead of a Pre-Feasibility Study [2][13]. - A total of 14 Reverse Circulation (RC) holes totaling 2,055 metres have been reported, with all holes intersecting gold mineralization [4][9]. Significant Drill Results - Notable intersections include: - Hole KBRC352: 2.25 g/t Au over 56.0 m from 96 m, with a higher-grade interval of 3.83 g/t Au over 15.0 m from 122 m [5][6]. - Hole KBRC344: 1.16 g/t Au over 72.0 m from 104 m, including 3.06 g/t Au over 10.0 m from 114 m [5][11]. - Additional results from other holes include KBRC355 with 2.13 g/t Au over 29.0 m and KBRC353 with 2.15 g/t Au over 24.0 m [6][10]. Resource Estimate and Potential - The Boin Gold Deposit has an Indicated Mineral Resource of 13.0 million tonnes grading 0.62 g/t Au and an Inferred Mineral Resource of 15.9 million tonnes grading 0.68 g/t Au [15]. - Approximately 40% of the gold-in-soil anomaly at Boin remains untested, indicating further exploration potential [15]. Future Exploration and Development - The ongoing work program includes metallurgical testwork, trenching, hydrogeological testing, and soil sampling to define early-stage targets for future drilling [14][19]. - The drill program is a critical step in advancing the Enchi Gold Project, with the potential for significant resource growth across the district-scale property [13][22].

TORONTO, May 06, 2025 (GLOBE NEWSWIRE) -- Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) (“Lithium Ionic” or the “Company”) is pleased to announce an updated mineral resource estimate (“MRE”) for its 100%-owned Bandeira Lithium Project (“Bandeira” or the “Project”) located in Minas Gerais, Brazil. Bandeira is the Company’s flagship property, located in Brazil’s “Lithium Valley”, a rapidly emerging hard rock lithium district renowned for its significant concentration of lithium-bearing pegmatites. P ...

Core Viewpoint - Centerra Gold Inc. reported its first quarter 2025 operating and financial results, highlighting positive free cash flow, unchanged production guidance, and ongoing project advancements, particularly at the Kemess project [2][3]. Operations - Consolidated gold production for Q1 2025 was 59,379 ounces, with 35,880 ounces from Mount Milligan and 23,499 ounces from Öksüt [6][11]. - Copper production in the quarter was 11.6 million pounds [6]. - Mount Milligan produced 35,880 ounces of gold and 11.6 million pounds of copper, lower than planned due to lower gold grades [23]. - Öksüt produced 23,499 ounces of gold, also lower than planned due to lower grades and unfavorable weather conditions [27]. Financial - First quarter 2025 revenue was $299.5 million, a decrease of 2% from $305.8 million in Q1 2024 [9]. - Net earnings for Q1 2025 were $30.5 million, or $0.15 per share, down 54% from $66.4 million in Q1 2024 [11]. - Cash provided by operating activities was $58.6 million, with free cash flow of $10.0 million [11]. - The company maintained a strong cash position of $608 million, ensuring financial flexibility for ongoing projects [3][10]. Growth Initiatives - The company is advancing a Preliminary Economic Assessment on the Kemess project, expected to be completed by the end of 2025 [3]. - The updated mineral resource at Kemess includes 2.7 million ounces of indicated gold resources and 971 million pounds of indicated copper resources [8]. - Exploration guidance for Kemess has been doubled to between $10 million and $12 million for 2025, focusing on infill drilling and high-grade mineralization [3][8]. Capital Expenditures - Total capital expenditures in Q1 2025 were $46.9 million, with $68.1 million in additions to property, plant, and equipment [11]. - Non-sustaining capital expenditures were $25.8 million, primarily related to the restart of Thompson Creek [11][33]. Guidance - The company maintains its 2025 production guidance of 270,000 to 310,000 ounces of gold and 50 to 60 million pounds of copper [15][16]. - Gold production costs for Q1 2025 were $1,271 per ounce, with all-in sustaining costs of $1,491 per ounce [11][16].

TORONTO, May 05, 2025 (GLOBE NEWSWIRE) -- Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold” or the “Company”) has filed on SEDAR+ a technical report prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) on the Mercur Project (“Mercur” or the “Project”), titled “Preliminary Economic Assessment NI 43-101 Technical Report on the Mercur Gold Project, Tooele & Utah Counties, Utah, USA” (the “Technical Report”). The Technical Report supports ...

Core Insights - Osisko Metals has announced new drilling results from the Gaspé Copper Project, confirming the potential for resource expansion both at depth and to the south of the current deposit [1][4][10] Drilling Results - Drill hole 30-1065 intersected 323.0 metres averaging 0.43% Cu and 3.18 g/t Ag, with a higher-grade section of 13.3 metres averaging 2.50% Cu and 17.8 g/t Ag [5] - Drill hole 30-1061 extended mineralization to a vertical depth of 712 metres, with significant intersections of 172.5 metres averaging 0.18% Cu and 1.52 g/t Ag, and 215.5 metres averaging 0.31% Cu and 2.67 g/t Ag [5] - Drill hole 30-1064 extended mineralization to a vertical depth of 618 metres, with intersections of 164.7 metres averaging 0.26% Cu and 1.94 g/t Ag [5] - Drill hole 30-1067, located 215 metres south of the 2024 MRE model, intersected 136.8 metres averaging 0.32% Cu and 3.18 g/t Ag, indicating that mineralization remains open to the south [5][6] Geological Insights - The new drilling results support a revised geological model, with mineralization occurring as disseminations and veinlets of chalcopyrite, primarily controlled stratigraphically [7][9] - The current drilling program aims to convert the November 2024 Mineral Resource Estimate (MRE) to Measured and Indicated categories and to explore deeper stratigraphy [11][10] Resource Estimates - The Gaspé Copper Project currently has Indicated Mineral Resources of 824 million tonnes averaging 0.34% CuEq and Inferred Mineral Resources of 670 million tonnes averaging 0.38% CuEq [16] - The project hosts the largest undeveloped copper resource in eastern North America, strategically located near existing infrastructure [16]

A new definition drill program comprised of 4,300m of diamond drilling in 8 holes that will commence shortly is focussed on upgrading and expanding high grade tin mineralization hosted in intrusion and phreatomagmatic breccia (TIB and TPMB, respectively) and the shallower higher grade silver mineralized zone which is above the tin zone.The broad tin intersections in TIB and TPMB contain visually coarse-grained cassiterite which is likely to be amenable to gravity separation. Further TIMA mineralogy is plann ...

TORONTO, April 30, 2025 (GLOBE NEWSWIRE) -- Emerita Resources Corp. (TSX – V: EMO; OTCQB: EMOTF; FSE: LLJA) (the “Company” or “Emerita”) reports that it has filed the independent NI 43-101 compliant technical report for its Iberian Belt West Project (“IBW” or the “Project”) in Andalusia, Spain, supporting the updated Mineral Resource Estimate (“MRE”) for the Project announced on March 17, 2025. The technical report, titled “NI 43-101 Technical Report on the Iberian Belt West Project, Spain” was prepared by ...