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Pinnacle Prepares for Underground Drill Program on High-Grade Gold-Silver Targets at El Potrero
Thenewswire· 2025-12-15 13:30
Core Insights - Pinnacle Silver and Gold Corp. has initiated an underground drilling program at the El Potrero gold-silver project in Durango, Mexico, following systematic underground channel sampling that identified high-grade mineralization [1][3] - The drilling program will involve approximately 2,600 metres of drilling across 112 holes, with a focus on delineation rather than exploration, aiming to establish a preliminary mine plan [2][3] Geological and Sampling Details - The geological team has conducted systematic underground channel sampling, collecting 773 samples from three historic mine workings along 500 metres of the Dos de Mayo epithermal vein system, with grades reaching up to 85.1 g/t Au and 520 g/t Ag [1][2] - Surface channel samples above the historic mines showed grades up to 37.4 g/t Au and 2,280 g/t Ag, indicating continuity of mineralization to the surface [1] Drilling Program Overview - The drilling program will test the vein structure every 12.5 metres along strike and vertically, with drill holes expected to be relatively short, ranging from 20 to 25 metres [2] - The entire drilling program is anticipated to take about six weeks to complete, with initial development work required in the historic workings to ensure safe drilling conditions [3] Project Background - The El Potrero project is located in the Sierra Madre Occidental region, within 35 kilometres of four operating mines, indicating a favorable mining environment [14] - The project features a low-sulphidation epithermal breccia vein system with significant exploration potential, having not been systematically explored by modern methods for nearly 40 years [15] Future Development Plans - The company plans to refurbish a previously operational 100 tpd plant on-site and rehabilitate historic underground mine workings to achieve near-term production once permits are secured [16] - Pinnacle aims to earn an initial 50% interest upon commencing production, with the goal of generating cash flow to further develop the project and increase ownership to 100% [17] Company Overview - Pinnacle Silver and Gold Corp. focuses on developing precious metals projects in the Americas, with a commitment to building long-term, sustainable value for shareholders [18]
Pasinex Receives MAPEG Approval for Horzum AS; Announces 1,000-Metre Development Plan for Pinargözü Mine
Globenewswire· 2025-12-12 12:30
Core Viewpoint - Pasinex Resources Limited has secured 100% ownership of Horzum Arama ve Madencilik AŞ, enabling full control over the high-grade Pinargözü zinc mine in Türkiye, with plans to expand production and explore deeper mineralization [1][2][4]. Group 1: Ownership and Corporate Structure - Türkiye's General Directorate of Mining and Petroleum Affairs (MAPEG) has approved the transfer of shares in Horzum AS to Pasinex Arama, completing the ownership transition [1][2]. - Final corporate registration procedures for the ownership transfer are expected to be completed by December 31, 2025 [2]. Group 2: Development and Exploration Plans - A comprehensive development plan has been finalized to expand production capacity and access deeper high-grade mineralization at the Pinargözü mine [3]. - The upcoming program will focus on two primary exploration opportunities, targeting geological potential and continuity of high-grade zinc mineralization [3][8]. Group 3: Management Insights - The Executive Chairman of Pasinex emphasized that the MAPEG approval is a transformative milestone, allowing the company to unlock the mine's deeper potential [4]. - A new 1,000-metre adit will be developed to access identified high-grade sulphide zones and prospective marble-altered zones, enhancing discovery potential [4][7]. Group 4: Workforce and Infrastructure Development - Recruitment of additional technical staff and underground personnel has commenced to support increased mining activities [7]. - The 1,000-metre development project is set to begin in early January 2026, including a 700-metre decline to access lower levels and additional infrastructure for ventilation and drilling [7]. Group 5: Mineralization and Resource Expansion - Drilling has intersected high-grade zinc sulphide mineralization, including 1.5 metres of material with 43% zinc at the 425-metre level, indicating significant potential for resource expansion [8]. - Numerous secondary high-grade zinc veins have been identified, with plans for a dedicated drilling campaign to evaluate their continuity and expand the resource inventory [8]. Group 6: Company Overview - Pasinex Resources Limited is a zinc-focused mining company based in Toronto, Canada, with 100% ownership of Horzum AS, which operates the Pinargözü high-grade zinc mine [11]. - The company also holds a 100% interest in the Sarıkaya Group IV lead-zinc operating license and a 51% interest in the Gunman Project in Nevada, indicating further growth potential [12].
Silver Dollar Completes Sale of Ranger-Page Silver-Zinc-Lead Project to Bunker Hill Mining
Newsfile· 2025-12-11 21:45
Core Viewpoint - Silver Dollar Resources Inc. has successfully completed the sale of the Ranger-Page Project to Bunker Hill Mining Corp, positioning itself as a significant shareholder in a near-term producer, with first production from Bunker Hill Mine expected in H1 2026 [2][4]. Transaction Summary - Silver Dollar received 23,333,334 common shares of Bunker Hill, valued at approximately $5,800,000 based on the closing price of Bunker Hill's shares on the TSX Venture Exchange [6]. - The shares will be subject to a six-month hold period and will be released according to a specified schedule [6]. Strategic Highlights - The acquisition creates a contiguous land package, making it one of the largest holdings in the Silver Valley [7]. - Historical data indicates high-grade silver-lead-zinc mineralization along the Page vein system, which remains open for further exploration [7]. - Existing infrastructure from the Ranger-Page Mines could enhance future mine planning and exploration access [7]. - The acquisition aligns with Bunker Hill's restart plan for operations at the Bunker Hill Mine, targeted for H1 2026, and offers potential for resource expansion [7]. - The transaction is expected to create local employment opportunities and stimulate regional procurement [7]. Exploration Potential - The Ranger-Page land package includes six historic mines and is strategically located adjacent to Bunker Hill Mining property [8]. - Primary exploration targets have been identified based on historical mining data and geophysical surveys, indicating potential for further mineralization [8].
Blue Star Gold Announces Non-Brokered Private Placement
Newsfile· 2025-12-10 01:00
Core Viewpoint - Blue Star Gold Corp. plans to complete a non-brokered private placement of up to $600,000 through the issuance of up to 3,000,000 flow-through common shares at a price of $0.20 per share, pending approval from the TSX Venture Exchange [1][2]. Group 1: Private Placement Details - The flow-through shares will qualify under the Income Tax Act (Canada), with expenditures renounced to investors for the taxation year ending December 31, 2025 [2]. - All securities issued will be subject to a four-month and one-day hold period in accordance with Canadian securities laws [2]. - The net proceeds from the private placement will be used for Canadian exploration expenses on projects in Nunavut and for general working capital purposes [3]. Group 2: Company Overview - Blue Star Gold Corp. is focused on mineral exploration and development in Nunavut, Canada, with landholdings exceeding 300 square kilometers in the High Lake Greenstone Belt [4]. - The company owns the Ulu Gold Project and the Roma Project, with a significant high-grade gold resource at the Flood Zone deposit and numerous exploration targets for gold and critical minerals [4]. - The proximity of the future deep-water port at Grays Bay and the proposed Grays Bay Road corridor enhances the potential for resource growth [4].
Stuhini Announces Retirement of Founder & Chairman David O'Brien from Board of Directors
Newsfile· 2025-12-08 13:00
Stuhini Announces Retirement of Founder & Chairman David O'Brien from Board of DirectorsDecember 08, 2025 8:00 AM EST | Source: Stuhini Exploration Ltd.Vancouver, British Columbia--(Newsfile Corp. - December 8, 2025) - Stuhini Exploration Ltd. (TSXV: STU) (OTCQB: STXPF) (WKN: A2PLBV) ("Stuhini" or the "Company") announces that David O'Brien did not stand for re-election at the Company's recent Annual General Meeting and has formally retired from the Board of Directors.Mr. O'Brien founded Stuhi ...
Spanish Mountain Gold (CVE:SPA) Shares Down 14.8% – What’s Next?
Defense World· 2025-12-07 07:52
Group 1 - Spanish Mountain Gold has been upgraded to a "strong-buy" rating by Atrium Research, with an average rating of "Strong Buy" according to MarketBeat [1] - The company has a market capitalization of C$117.73 million, a P/E ratio of -24.00, and a beta of 1.28 [2][3] - Spanish Mountain Gold has a debt-to-equity ratio of 0.26, a quick ratio of 3.03, and a current ratio of 5.99 [2][3] Group 2 - The firm has a 50-day moving average of C$0.16 and a 200-day moving average of C$0.16 [2] - During mid-day trading, shares of Spanish Mountain Gold decreased by 14.8%, trading as low as C$0.23, with a trading volume increase of 229% from the average session volume [5] - The company holds a 100% interest in the Spanish Mountain gold project, which includes approximately 50 contiguous mineral claims and 13 placer claims covering around 10,414 hectares in British Columbia [3]
Spanish Mountain Gold (CVE:SPA) Shares Down 14.8% – Should You Sell?
Defense World· 2025-12-07 07:52
Core Insights - Spanish Mountain Gold has been upgraded to a "strong-buy" rating by Atrium Research, indicating positive analyst sentiment towards the stock [1] - The stock has experienced a trading increase of 4.3% recently, reflecting a positive market response [1] Company Overview - Spanish Mountain Gold Ltd. is an exploration stage resource company focused on acquiring, exploring, and developing mineral properties in Canada [3] - The company holds a 100% interest in the Spanish Mountain gold project, which includes approximately 50 contiguous mineral claims and 13 placer claims, covering around 10,414 hectares in British Columbia [3] Financial Metrics - The company has a market capitalization of C$117.73 million and a P/E ratio of -24.00, indicating it is currently not profitable [2] - The stock has a beta of 1.28, suggesting higher volatility compared to the market [2] - Financial ratios include a quick ratio of 3.03, a current ratio of 5.99, and a debt-to-equity ratio of 0.26, indicating strong liquidity and low leverage [2] - The stock's 50-day and 200-day moving averages are both C$0.16, suggesting stability in its recent trading performance [2] Recent Trading Activity - Spanish Mountain Gold shares dropped 14.8% during mid-day trading, with the stock trading as low as C$0.23 [5] - Approximately 1,669,179 shares were traded, representing a 229% increase from the average daily volume of 507,406 shares [5]
Spanish Mountain Gold (CVE:SPA) Shares Down 14.8% – Here’s What Happened
Defense World· 2025-12-07 07:52
Group 1 - Spanish Mountain Gold has been upgraded to a "strong-buy" rating by Atrium Research, with one analyst also rating it as a Strong Buy, leading to an average rating of "Strong Buy" according to MarketBeat.com [1] - The company's share price increased by 4.3% [1] - Spanish Mountain Gold has a market capitalization of C$117.73 million, a debt-to-equity ratio of 0.26, a quick ratio of 3.03, and a current ratio of 5.99 [2][3] Group 2 - The company operates in the exploration stage, focusing on the acquisition, exploration, and development of mineral properties in Canada, specifically holding a 100% interest in the Spanish Mountain gold project [3] - The Spanish Mountain gold project consists of approximately 50 contiguous mineral claims and 13 placer claims, covering an area of about 10,414 hectares in the Cariboo region of central British Columbia [3] - The stock's P/E ratio is -24.00, and it has a beta of 1.28, with both the fifty-day and 200-day simple moving averages at C$0.16 [2]
Aztec Expands Drilling Program at the Tombstone Project, Arizona
Thenewswire· 2025-12-04 12:00
Core Insights - Aztec Minerals Corp. has provided an update on its ongoing drilling program at the Tombstone Property in Southeastern Arizona, having completed 34 reverse circulation (RC) drill holes and 13 reported drill holes, totaling 5,960 meters of RC drilling and 495 meters of core drilling to date [1][2][5] - The drilling program has been expanded from 7,500 meters to at least 8,500 meters, with plans for 7,000 meters of RC drilling and a minimum of 1,500 meters of core drilling, expected to extend into Q1 2026 [2][5] - The company anticipates improved turnaround times for geochemical analysis due to recent staffing additions and equipment repairs at the Bureau Veritas laboratory, with additional results expected within 30 days [3] Drilling Program Details - The core drilling portion has resumed, currently advancing to a total depth of 465 meters in drillhole TC25-03, with plans to further test previously identified targets beneath the Bisbee formation [4] - The main target of the drilling is to assess shallow, bulk tonnage, potentially heap leachable, mesothermal gold-silver oxide mineralization adjacent to the previously mined Contention pit [9] - The Tombstone project is located 100 kilometers southeast of Tucson, Arizona, covering much of the historic Tombstone silver district, known for its high-grade oxidized silver-gold deposits [10][14] Geological Context - The district's geology includes a mix of shallow-level oxidized Au-Ag and base metal deposits, with underexplored sulfide versions located below the water table [11] - The mineralization host rocks are primarily clastic sediments of the Cretaceous Bisbee Formation, underlain by Paleozoic carbonate formations [12] - Aztec believes the historic silver mines at Tombstone could be related to a larger mesothermal system with CRD mineralization below the old mines, indicating high prospectivity for further discoveries [13]
Tocvan Announces Positive Surface Results From North Block And Drill Program Update At Gran Pilar
Accessnewswire· 2025-12-04 07:05
Core Insights - Initial surface results from the North Block indicate high silver values, with over 1,300 meters drilled to date and results pending [1] - Surface data enhances target areas for drill testing, focusing on higher grade gold potential at depth [1] - Mineralized shoots and feeder zones may align with strong alteration signatures where silver, lead, zinc, antimony, arsenic, and gold are present [1]