VANCOUVER, British Columbia, Feb. 03, 2026 (GLOBE NEWSWIRE) -- Q2 Metals Corp. (TSX.V: QTWO | OTCQB: QUEXF | FSE: 458) (“Q2” or the “Company”) is pleased to announce the appointment of Director Keith Phillips to the role of Executive Chair of the Board of Directors of the Company, effective immediately. Mr. Phillips joined the board of Q2 Metals in October 2025 after serving as Chief Executive Officer of Piedmont Lithium (“Piedmont”) from its inception in 2017 to its merger with Sayona Mining in 2025. Under ...

Vancouver, British Columbia--(Newsfile Corp. - February 2, 2026) - Lode Gold Resources Inc (TSXV: LOD) (OTCQB: LODFF) (the "Company" or "Lode Gold") is pleased to announce the initiation of a new geological model, including lithological and structural interpretations, for its wholly owned Dingman Gold Project located in Ontario, Canada, currently with a NI 43-101 resource of 376,000 Oz Au using 0.94 g/t Au cutoff in measured and indicated categories and 47,000 Oz Au in inferred category with a cutoff of 0. ...

(All amounts are in US$) TORONTO, Feb. 02, 2026 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. (“G2” or the “Company”) (TSX: GTWO; OTCQX: GUYGF) is pleased to announce an independent technical report entitled “NI 43-101 Technical Report for the Preliminary Economic Assessment (PEA) on the Oko Gold Project in the Co-operative Republic of Guyana, South America” (the “Technical Report”), with an effective date of December 8, 2025, has been filed under the Company’s profile on SEDAR+ at www.sedarplus.ca. The Technical ...

Core Viewpoint - FireFly Metals Ltd has entered into a binding share sale and purchase agreement with Bellavista Resources Ltd to sell its Ontario Gold Assets, which include a 70% interest in the Pickle Crow Project and 100% of the Sioux Lookout Project, for a total consideration valued at up to A$86.1 million, providing ongoing exposure to the assets for FireFly shareholders while allowing FireFly to focus on its Green Bay Copper-Gold Project [6][9]. Transaction Details - The total consideration includes upfront payment of 60 million Bellavista shares valued at A$47.4 million and contingent consideration of 50 million performance rights valued at A$38.7 million, based on Bellavista's closing share price of A$0.79 on January 30, 2026 [1][2][6]. - FireFly shareholders are expected to receive approximately 1 Bellavista share for every 12.8 FireFly shares held, subject to shareholder approval [6][20]. Strategic Rationale - The transaction is seen as a strategic move that allows FireFly shareholders to retain exposure to the Ontario Gold Assets through their shareholding in Bellavista while enabling FireFly to concentrate on the development of the Green Bay Copper-Gold Project [9][10]. - Bellavista is expected to leverage its dedicated exploration focus to create significant value from the acquired assets, which could lead to substantial growth for its shareholders, many of whom are also FireFly shareholders [5][10]. Management and Leadership - Bellavista is led by experienced executives Glenn Jardine and Peter Canterbury, who previously led De Grey Mining Ltd, indicating a strong management team capable of optimizing the value of the Ontario Gold Assets [10][33]. Milestones and Performance Rights - The contingent performance rights are structured in three tranches, with the first milestone expected to vest within 12 months of completion, potentially increasing FireFly's interest in Bellavista to no less than 9.9% [12][20]. - The milestones include drilling activities and resource estimates that, if achieved, will further enhance the value of the transaction for FireFly shareholders [12][13]. Financial Implications - The transaction is expected to provide FireFly with a simplified portfolio, reduced capital requirements, and minimized management distraction, while also allowing it to capitalize on the current strong gold price [11][9]. - Bellavista plans to raise approximately A$25 million to drive resource growth and a major exploration program at the Ontario Gold Assets [6][10].

Core Insights - FireFly Metals Ltd is advancing its Green Bay Copper-Gold Project, with a Preliminary Economic Assessment (PEA) expected to be completed in the June 2026 quarter, highlighting the project's world-scale resource potential [1][3][25]. Financial Overview - The company successfully raised approximately A$139 million in equity, which will support ongoing exploration and economic studies [4][40]. - As of December 31, 2025, FireFly had A$250.9 million in cash and liquid investments, positioning it well for aggressive drilling and development activities [3][39]. Mineral Resource Update - The total Mineral Resource at Green Bay has increased to 50.4 million tonnes (Mt) at 2.0% Copper Equivalent (CuEq) in the Measured & Indicated (M&I) categories, and 29.3 Mt at 2.5% CuEq in the Inferred category, marking a 51% increase from the previous estimate [5][7][12]. - Contained copper in the M&I category rose to 863,000 tonnes, a 113% increase, while contained gold increased to 546,000 ounces, a 174% increase [5][12]. Drilling and Exploration Progress - FireFly has completed approximately 147,000 meters of underground diamond drilling, confirming the continuity and strength of high-grade mineralization at depth [16][17]. - Exceptional drilling results include a notable intercept of 49.0 meters at 6.1% CuEq, indicating strong mineralization potential [22]. Project Development and Studies - Preparations for the resumption of mining at the Ming Mine are underway, with engineering and economic analysis ongoing to support the PEA [25][28]. - The company is also exploring funding options with potential offtake customers and export credit agencies, showing strong interest in the Green Bay concentrate [28]. Regional Exploration - FireFly is actively exploring its extensive 346 km² land package at Green Bay, with two surface drill rigs operational during the quarter [30][31]. Corporate Governance - Leanne Heywood was appointed as an Independent Non-Executive Director, bringing significant experience in the mining sector [42][44].

Core Viewpoint - Kenorland Minerals Ltd. has filed an NI 43-101 Technical Report for the Frotet Project, presenting an initial Mineral Resource Estimate of 2.55 million ounces of gold at the Regnault deposit, which is 100% owned by Sumitomo Metal Mining Canada Ltd. [1][4] Group 1: Technical Report Details - The Technical Report has an effective date of November 30, 2025, and was reported on January 29, 2026, prepared by a Qualified Person from SLR Consulting [2] - The report is accessible under Kenorland's profile on SEDAR+ [2] Group 2: Project Overview - The Frotet Project spans 38,930 hectares within the Frotet-Evans greenstone belt in Quebec, adjacent to the Troilus Mining Corporation's past-producing Au-Cu mine [3] - The project includes the Regnault gold deposit, discovered in 2020, which has undergone extensive exploration totaling 131,713 meters of drilling [4] Group 3: Company Background - Kenorland Minerals Ltd. is a mineral exploration company focused on project generation and early-stage exploration in North America, holding a 4% net smelter return royalty on the Frotet Project [7] - The company is based in Vancouver, British Columbia, and has a strategy of advancing greenfields projects through systematic exploration and partnerships [7]

Core Viewpoint - Awalé Resources Limited has announced promising step-down drilling results from the Charger target at its Odienné Project in Côte d'Ivoire, indicating strong continuity of high-grade gold mineralization and potential for further discoveries [2][4]. Drilling Results - The latest drilling results include a significant intercept of 52.8 g/t gold over 9 metres in hole CHDD-03, which remains open to the northeast, suggesting the possibility of a new high-grade hinge zone [3][8]. - Other notable intercepts include 10.6 g/t gold over 7 metres from CHDD-02 and 17.6 g/t gold over 4 metres from CHDD-04, reinforcing the high-grade potential of the Charger target [8]. Exploration Program - The current drilling program is part of a larger 100,000-metre resource development campaign, with six holes reported as part of a 17-hole phase aimed at supporting an initial mineral resource estimate for the Charger target [4][5]. - Drilling has confirmed the continuity of a steep, southwest-plunging high-grade gold breccia and vein system, with results from additional holes still pending [6][7]. Project Overview - The Odienné Project covers 2,346 km² across seven permits, with ongoing exploration activities in underexplored regions of Côte d'Ivoire [8][9]. - The project has multiple pipeline prospects with substantial upside potential, characterized by geochemical signatures similar to Iron Oxide Copper Gold (IOCG) systems [10]. Company Background - Awalé Resources is focused on discovering large high-grade gold and copper-gold deposits, currently managing exploration activities under a joint venture with Newmont Ventures Limited [9][10]. - The company benefits from a skilled technical team and operates in a pro-mining jurisdiction, enhancing its potential for district-scale discoveries [10].

Core Insights - West Red Lake Gold Mines Ltd. has announced positive drill results from its infill and conversion drilling program at the Rowan Project, indicating strong potential for gold mineralization in the Red Lake Mining District of Ontario, Canada [1][24]. Drilling Program Overview - The current drilling program at Rowan consists of thirty-eight holes totaling approximately 6,000 meters, with thirty-three holes completed and results received for seven holes [2]. - The program aims to convert Inferred resources to Indicated and to provide data for potential mine design considerations [25][28]. Significant Drill Results - Notable intercepts include: - Hole RLG-25-192b: 1m @ 141.5 grams per tonne gold from 76.1m to 77.1m, and 1m @ 17.55 g/t Au from 27.6m to 28.6m [3]. - Hole RLG-25-190: 1m @ 55.8 g/t Au from 109.5m to 110.5m, and 1m @ 12.5 g/t Au from 75m to 76m [4]. - Hole RLG-25-187: 1m @ 28.5 g/t Au from 116.25m to 117.25m [5]. Exploration Strategy - The exploration strategy includes focusing on Veins 001, 004, 006b, and 013, with the goal of updating the Mineral Resource Estimate planned for Q2 2026 [8][29]. - The use of larger diameter HQ drill core is expected to provide better grade representation and larger volume samples [8]. Economic Assessment - A Preliminary Economic Assessment (PEA) for the Rowan Project indicates the potential for an underground mine producing an average of 35,230 ounces of gold per year over a five-year mine life at an average grade of 8.0 g/t Au [24]. Resource Estimates - The Rowan deposit currently hosts an Indicated resource of 478,707 tonnes containing 196,747 ounces of gold grading 12.78 g/t Au, and an Inferred resource of 421,181 tonnes containing 118,155 ounces of gold grading 8.73 g/t Au [39]. Future Plans - The company plans to conduct further geotechnical, metallurgical, and engineering studies to support the combined Pre-Feasibility Study (PFS) for the Madsen Mine and Rowan projects [30]. - The Advanced Exploration permit is targeted for approval in 2027, which is expected to facilitate bulk sample extraction [31].

Core Viewpoint - West Red Lake Gold Mines Ltd. has announced promising drill results from its infill and conversion drilling program at the Rowan Project, indicating high-grade gold intercepts and potential for resource upgrades [1][7][23]. Drilling Program Overview - The current drilling program at the Rowan Project involves a total of thirty-eight holes, approximately 6,000 meters in length, with thirty-three holes completed and results received for seven holes [2][24]. - The drilling aims to support the upgrade of Inferred resources to Indicated and to provide data for a combined Pre-Feasibility Study (PFS) for the Madsen Mine and Rowan projects [24][28]. Significant Drill Results - Notable high-grade intercepts include: - Hole RLG-25-192b: 1m @ 141.5 grams per tonne gold from 76.1m to 77.1m [3]. - Hole RLG-25-190: 1m @ 55.8 g/t Au from 109.5m to 110.5m [4]. - Hole RLG-25-187: 1m @ 28.5 g/t Au from 116.25m to 117.25m [5]. - The presence of visible gold was noted in several holes, indicating strong mineralization [3][4][5]. Resource and Economic Assessment - The Rowan Project currently hosts an Indicated resource of 478,707 tonnes containing 196,747 ounces of gold at a grade of 12.78 g/t Au, and an Inferred resource of 421,181 tonnes containing 118,155 ounces at 8.73 g/t Au [39]. - A Preliminary Economic Assessment (PEA) indicates robust preliminary economics for an underground mine at Rowan, producing an average of 35,230 ounces per year over a 5-year mine life at an average grade of 8.0 g/t Au [23]. Future Plans and Opportunities - The company plans to extend the drilling program by an additional 1,000 meters to further explore the Vein 001 zone [7]. - Further geotechnical, metallurgical, and engineering studies are underway to inform the planned PFS, with the goal of advancing Rowan towards Advanced Exploration status by 2027 [29][30]. - There are opportunities to expand and upgrade the resource and mine plan, particularly with veins 006b and 013, which may demonstrate similar resource upgrade potential [32][34].

VAL-D’OR, Quebec, Jan. 28, 2026 (GLOBE NEWSWIRE) -- Cartier Resources Inc. (″ Cartier ″ or the ″ Company ″) (TSXV: ECR; FSE: 6CA) is pleased to announce that it has filed the National Instrument 43-101-compliant (" NI 43-101 "), Updated Mineral Resource Estimate (" MRE ") Technical Report on its 100% owned flagship Cadillac Project, located in Val-d’Or (Abitibi, Quebec). Report results were previously announced in Cartier's news release dated December 18, 2025. The updated estimate includes approximately 11 ...