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Bald Hill Antimony Project Under Option From Globex Indicates Potential for 2.7 M Tonnes at 3% to 4% Sb
Globenewswire· 2025-11-04 16:58
Core Insights - GLOBEX MINING ENTERPRISES INC. announced that Antimony Resources Corp. has filed a NI 43-101 Technical Report on the Bald Hill Antimony Project in New Brunswick, Canada, indicating a significant development in the project [1] - The report suggests a potential of 2.7 million tonnes of antimony at a grade of 3% to 4%, which could yield between 81,000 and 108,000 tonnes of contained antimony, doubling the previous estimate from 2014 [2] - Antimony Resources Corp. is conducting an additional 6,000 metre drill program, bringing the total to 15,000 metres, aimed at extending the mineralized zone and potentially preparing a maiden resource estimate [3] Project Details - The NI 43-101 Technical Report provides detailed summaries of past work and the Phase One Drilling Program completed by Antimony Resources Corp. [2] - The potential resource indicated in the report is conceptual and not yet proven to be economic [2] - The report was prepared by John Langton, M.Sc., P. Geo., and is accessible for shareholders seeking more detailed information [4]
Aya Gold & Silver Delivers Robust Boumadine PEA Highlighting High Return, Rapid Payback and a Capital-Efficient Project
Globenewswire· 2025-11-04 11:55
Core Insights - Aya Gold & Silver Inc. announced the results of its 2025 Boumadine Preliminary Economic Assessment (PEA), highlighting robust project economics and significant potential for the Boumadine Project in Morocco [1][5]. Economic Highlights - The PEA indicates a post-tax Net Present Value (NPV) of $1.5 billion at base case prices and $3.0 billion at spot prices, with an Internal Rate of Return (IRR) of 47% and 77% respectively [2][50]. - Initial capital expenditures are estimated at $446 million, with a payback period of 2.1 years at base case prices and 1.2 years at spot prices [4][50]. - Average annual production is projected at 401 thousand ounces (koz) of gold-equivalent (AuEq) in the first five years and 328 koz AuEq over the life of the mine (LOM) [4][21]. Project Parameters - The Boumadine Project has an 11-year mine life, with a total of 31 permits and licenses covering an area of 339 km² [6][9]. - The project will utilize a combined open pit and underground mining operation, with a processing capacity of 8,000 tonnes per day (tpd) [16][24]. Production and Processing - The flotation plant will produce three concentrates: zinc, lead, and pyrite, with total flotation recoveries of 96.1% for gold and 96.4% for silver [29][30]. - The average head grade for the first five years is expected to be 4.76 g/t AuEq, decreasing to 3.85 g/t AuEq over the LOM [7][24]. Capital and Operating Costs - The average cash cost is projected at $109 per tonne milled, with an All-in Sustaining Cost (AISC) of $1,021 per ounce AuEq produced [42][44]. - Total capital expenditures over the LOM are estimated at $786 million, including sustaining capital of $340 million [38][39]. Market and Offtake Agreements - Aya has received interest for potential off-take agreements for concentrates, particularly for the pyrite concentrate due to its high sulfur content and rising global demand [46][49]. Exploration Potential - There is significant potential for resource expansion beyond the current PEA study, with a 140,000-meter drilling program underway to explore additional mineralized zones [57][58]. Next Steps - The company plans to commence a feasibility study targeting completion by late 2027, alongside ongoing environmental and social assessments [64].
Tudor Gold Completes 2025 Exploration Program at Treaty Creek
Newsfile· 2025-11-03 10:00
Core Insights - Tudor Gold Corp. has completed its 2025 exploration program at the Treaty Creek Project, which is 80% owned by the company, located in Northwestern British Columbia's Golden Triangle [1][4] Drilling Highlights - The final drillhole GS-25-191-W1 confirmed continuity between high-grade mineralization in the 300 Horizon Zone and the 300 North Zone, with significant mineralized intercepts reported [2][3] - Notable results from GS-25-191-W1 include: - 4.12 g/t gold, 16.48 g/t silver, and 0.01% copper over 8.90m - 1.63 g/t gold, 4.89 g/t silver, and 0.02% copper over 10.70m - 1.88 g/t gold, 1.71 g/t silver, and 0.01% copper over 5.90m - 1.76 g/t gold, 1.74 g/t silver, and 0.01% copper over 6.80m [3][7] 2025 Exploration Program Overview - The program aimed to fill gaps between the 300N and 300H Zones and to explore potential high-grade SC-1 Zone-like structures, confirming and expanding high-grade corridors [4][5] - The ongoing reinterpretation of historical data is expected to identify further high-grade structural zones, which will be included in an upcoming Mineral Resource estimate [5] Future Plans - An updated Mineral Resource estimate is in preparation, incorporating approximately 15,000 meters of drill data from 2024 and 2025, with a target completion in Q4 2025 [6] - The updated model will utilize smaller 5mx5mx5m blocks for better resolution of high-grade gold mineralization [6] - Plans for underground ramp development to access the SC-1 Zone are contingent on permit approvals, with excavation expected to commence in Q3 2026 [8] Resource Overview - The Goldstorm Deposit at Treaty Creek has an Indicated Mineral Resource of 21.66 million ounces of gold at a grade of 0.92 g/t, along with significant copper and silver resources [19] - The Inferred Mineral Resource is 4.88 million ounces of gold at a grade of 1.01 g/t, indicating the potential for further exploration and resource expansion [19]
Signature Resources Announces Closing of Upsized Non-Brokered Private Placement
Newsfile· 2025-10-30 23:03
Core Viewpoint - Signature Resources Ltd. has successfully closed a non-brokered private placement offering, raising gross proceeds of C$3,417,835 through the issuance of various units, which will support its exploration activities at the Lingman Lake Gold Project [1][4][10]. Offering Details - The offering includes 23,000,000 charity flow-through units at C$0.077 each, 10,458,401 flow-through units at C$0.060 each, and 18,533,298 non-flow-through units at C$0.055 each [2]. - Each unit consists of one common share and one-half of a common-share purchase warrant, with whole warrants allowing the purchase of additional common shares at C$0.10 for 12 months [2]. Use of Proceeds - The net proceeds from the offering will be allocated for exploration activities on the Lingman Lake Gold Project and general working capital, with approximately one-third designated for working capital and the remainder for exploration, including a 2025 drill campaign [10]. Insider Participation - Insiders of the company acquired 37% of the offering, purchasing 6,250,067 flow-through units and 15,200,000 non-flow-through units, which constitutes a related party transaction [8]. Exploration Plans - The company plans to commence a 2025 diamond drilling program of approximately 3,000 meters, targeting a large 3D IP/Mag anomaly to potentially expand the Lingman Lake deposit [5]. Company Background - Signature Resources Ltd. is focused on expanding the Lingman Lake gold deposit in Northwestern Ontario, which consists of approximately 24,821 hectares and has a historical underground mine structure [12]. The initial mineral resource estimate includes 95,200 ounces indicated and 674,320 ounces inferred [12].
Xali Gold Outlines Plans for Pico Machay Gold Project in Peru
Globenewswire· 2025-10-28 20:10
Core Viewpoint - Xali Gold Corp. is advancing the Pico Machay Gold Project in Central Peru through a Share Purchase Agreement with Pan American Silver Corp. and its subsidiary, Aquiline Resources Inc. [1][2] Acquisition Details - The Pico Machay transaction is deemed fundamental for Xali Gold, with the TSX Venture Exchange lifting the trading halt following the issuance of the news release [2] - The acquisition involves a total payment of $17.5 million, with $15 million allocated for the known historic gold resource and an additional $2.5 million contingent on disclosing a minimum of 1.25 million ounces of gold in a compliant technical report [8][10] Resource Estimates - Pico Machay has a historic Measured and Indicated Resource of 264,600 ounces of gold and an additional Inferred Resource of 446,000 ounces [3] - The resource estimates are based on historical data and require further verification to be classified as current resources [12] Exploration Plans - Xali Gold plans to initiate fieldwork, including exploration target advancement, bulk sampling, and metallurgical testing, without needing additional permits [4] - The company aims to update the historic resource estimate using current gold prices and optimize previous engineering studies over the next six months [5] Project Location and Context - The Pico Machay Project is located within a well-established mining area in the Southern Peru Epithermal Gold-Silver Belt, with several operational mines in proximity [5][7]
Xali Gold to Acquire Pico Machay Gold Project in Peru
Globenewswire· 2025-10-24 11:00
Core Viewpoint - Xali Gold Corp. has entered into a Share Purchase Agreement to acquire Minera Calipuy S.A.C, which owns the Pico Machay Gold Project in Central Peru, from Pan American Silver Corp. and its subsidiary Aquiline Resources Inc. [1] Acquisition Details - The acquisition is a strategic move for Xali Gold to enhance its presence in a prolific gold-silver region, with the Pico Machay project already having a historic resource in place [3] - The Share Purchase Agreement includes cash payments totaling $17.5 million over five years, with an initial payment of $0.5 million at closing [14][16] Resource Information - Pico Machay has a Historic Measured and Indicated Resource of 264,600 ounces of gold from 10.6 million tonnes at a grade of 0.78 grams per tonne, and an additional Inferred Resource of 446,000 ounces from 23.9 million tonnes at a grade of 0.58 grams per tonne [2][8] - The original resource estimate was based on a long-term gold price of $700 per ounce, which presents significant upside potential given the current higher gold price environment [3][4] Geological and Logistical Context - The project is located within the Southern Peru Epithermal Gold-Silver Belt, known for hosting world-class gold deposits, and is in proximity to several operational mines [5][6] - Pico Machay is situated 35 km southwest of Huancavelica, a well-established mining area with good logistical access [7] Future Plans - Xali Gold aims to update the resource estimate and previous engineering studies with a near-term production goal, while also exploring additional targets for potential resource expansion [3][4]
Tudor Gold Provides Proposal to Resolve Golden Triangle Permitting Overlap
Newsfile· 2025-10-17 09:00
Core Viewpoint - Tudor Gold Corp. has proposed an alternative route for the planned Mitchell-Treaty Twinned Tunnels to resolve a land use conflict with Seabridge Gold Inc.'s KSM project, aiming to protect its Treaty Creek Project while allowing both projects to advance economically for the Province of British Columbia [1][3]. Group 1: Project Details - The Tunnels, approximately 22 kilometers long, would directly intersect Treaty Creek's Goldstorm Deposit and the Perfectstorm Zone, which has potential to exceed Goldstorm in both tonnage and gold grade [2][10]. - The Goldstorm Deposit has an Indicated Mineral Resource of 21.66 million ounces of gold at a grade of 0.92 g/t, along with significant silver and copper resources [8][23]. Group 2: Proposed Solutions - Tudor's alternative route proposal would shift the Tunnels approximately one kilometer north, adding about 2.5 kilometers to the total length, which represents a 3.1% increase in total tunnel excavations [12]. - The company believes this alternative route would encounter similar or better geological conditions and reduce the risk of encountering acid-generating rock [13]. Group 3: Legal and Regulatory Actions - Tudor has initiated three legal proceedings in British Columbia to protect its mineral claims and challenge decisions related to the Tunnels and the conditional mineral reserve [17]. - The company prefers to negotiate with the Province and Seabridge to modify the planned route of the Tunnels [16]. Group 4: Future Plans - An updated Mineral Resource estimate for Treaty Creek is underway, incorporating approximately 15,000 meters of drilling data from 2024 and 2025, with completion targeted for Q4 2025 [18]. - Tudor plans to commence underground excavation of the high-grade gold SC-1 Zone in Q3 2026, subject to necessary permits [20].
Aya Gold & Silver (OTCPK:AYAS.F) 2025 Earnings Call Presentation
2025-10-08 15:20
Unlocking silver growth in Morocco INVESTOR PRESENTATION OCTOBER 2025 TSX: AYA | OTCQX: AYASF Forward-Looking Statements The Zgounder Expansion Feasibility Study ("FS") is based on a technical report entitled "NI43-101 TECHNICAL REPORT – FEASIBILITY STUDY ZGOUNDER EXPANSION PROJECT", originally dated March 31, 2022, and amended on June 16, 2022 with an effective date of December 13, 2021 (the "Zgounder Report") which was prepared under the supervision of Daniel M. Gagnon, DRA, with the participation of Will ...
CleanTech Doubles Fluorspar Mineral Rights to 15,975 Acres with Quarant Project Acquisition in Illinois-Kentucky Fluorspar District
Newsfile· 2025-10-08 13:10
Core Viewpoint - CleanTech Vanadium Mining Corp. has acquired the Quarant fluorspar project, increasing its mineral rights to 15,975 acres in the Illinois-Kentucky Fluorspar District, positioning the company as a significant player in the U.S. fluorspar mining sector [1][3][15] Company Summary - CleanTech, through its subsidiary U.S. Fluorspar LLC, has acquired a 7,825-acre fluorspar project by assuming an existing mineral lease agreement [1][2] - The acquisition nearly doubles CleanTech's mineral rights holdings in the Illinois-Kentucky Fluorspar District, enhancing its status in the industry [3] - The Quarant Project surrounds CleanTech's flagship Campbell-Crotser project, which has a historic mineral resource estimate of 805,841 tons grading 37.10% CaF2 [4][12] Industry Context - The Illinois-Kentucky Fluorspar District historically produced 90% of America's fluorspar from 1915 to 1995, but production has shifted to imports, primarily from China, Mexico, Vietnam, and South Africa [6] - Fluorspar is a critical mineral essential for various applications, including uranium enrichment and battery production, with the U.S. currently having no domestic production [6] - The price of fluorspar in China has increased over 40% from October 2022 to October 2025, indicating rising demand and potential market opportunities [6] Project Details - The Quarant Project extends the known mineral strike of the Campbell Crotser project by an additional 3,300 feet, indicating significant exploration potential [5] - Historical mining activities in the area have produced over 375,000 tons of crude fluorspar, showcasing the region's rich mineralization history [8][9] - The Carrsville corridor, where both the Quarant and Campbell-Crotser projects are located, is recognized for its high mineral potential due to its geological features [8][9][10]
Fortuna Files Environmental and Social Impact Assessment for the Diamba Sud Gold Project in Senegal and provides update on Preliminary Economic Assessment status
Globenewswire· 2025-10-07 09:00
Core Insights - Fortuna Mining Corp. has filed an Environmental and Social Impact Assessment (ESIA) for the Diamba Sud Gold Project, marking a significant milestone in the permitting process and demonstrating the company's commitment to advancing the project towards a construction decision in the first half of 2026 [1][2] Environmental and Social Impact Assessment - The ESIA submission is essential for obtaining an environmental permit, which is part of the overall permitting process for project development [4] - The ESIA addresses key environmental and social considerations, including project description, benefits for Senegal, regulatory framework, baseline studies, public consultation, impact assessment, and proposed mitigation plans [6][7] Preliminary Economic Assessment (PEA) Status - Fortuna is progressing with the PEA for Diamba Sud, which will provide insights into the project's potential economics and development alternatives, with completion expected in early Q4 2025 [4][6] - A Definitive Feasibility Study (DFS) will follow the PEA in the first half of 2026, incorporating results from the ESIA and ongoing drilling activities [4][6] Drilling Program Update - The company has completed 52,110 meters of drilling in 2025, leading to a 53% increase in Measured and Indicated resources and a 93% increase in Inferred resources [6][8] - Drilling is set to resume in October after the rainy season, focusing on testing extensions of open mineralization and advancing project generation across Diamba Sud and the contiguous Bondala exploration property [6][9][10] Recent Highlights - A maiden Inferred Mineral Resource at Southern Arc has been delineated, totaling 3.85 million tons at an average gold grade of 1.57 g/t, containing 194,000 ounces of gold, with further drilling planned to test extensions [9]