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Electrum Discovery Announces Results from Petrological Study and Outlines New Targets at Karamanica at the Novo Tlamino Project
Thenewswire· 2025-07-21 06:00
Core Insights - Electrum Discovery Corp. has reported positive results from a petrographic study on the Karamanica Prospect, part of the Novo Tlamino Project in southern Serbia, confirming gold-bearing structures across three newly identified target areas [1][2][3] Novo Tlamino Project - The Novo Tlamino Project is located within the Serbo-Macedonian Metallogenic Belt, known for hosting various mineral deposits including epithermal gold and porphyry Cu-Au deposits [3] - The Barje Deposit within the project has an inferred resource of 670,000 oz AuEq, comprising 570,000 oz Au and 8.8 Moz of Ag [3][25] Karamanica Prospect - The Karamanica Prospect is situated approximately 8 kilometers west of Barje and is centered on a significant gold-in-soil anomaly [4] - Recent field prospecting has confirmed gold and base metal mineralization across three new target zones: Drill Road Breccia, Northeast Gossan Field, and Western Jasperoid [5][18] Petrographic Analysis - The petrographic analysis of 18 samples from the Karamanica Prospect indicates a variety of hydrothermal alteration styles and lithologies consistent with multiple mineralizing environments [7][9] - Gold-bearing structures have been identified with assays up to 2.39 g/t Au, and high-grade silver and polymetallic associations have been noted, including rock chip assays up to 745 g/t Ag and 21% Pb [5][14][16] Rock Sampling - A total of 19 rock chip samples were collected, revealing widespread gold mineralization with peak values of 2.39 g/t Au and notable silver values, including a peak of 745 g/t Ag [10][11][14] - Lead and zinc show significant enrichment, with one sample returning 21.0% Pb [15][16] Target Highlights - The refined targets based on the petrology report and new rock sample assays include: - Drill Road Breccia Target with assays up to 2.39 g/t Au and 56 g/t Ag [18] - Northeast Gossan Target with gossan outcrops returning up to 2.90% Zn and 2.01% Pb [18] - Western Jasperoid Target indicating a potentially mineralized structure with assays up to 0.49 g/t Au [18] Next Steps - The company is evaluating geophysical methods to delineate mineralized structures and integrate this data with existing surface geochemistry and geological mapping to prioritize future drill targets [17]
Prismo Metals Announces Closing of Upsized Private Placement Silver King Exploration to Begin in July
Thenewswire· 2025-07-18 20:28
Core Viewpoint - Prismo Metals Inc. has successfully upsized and closed a non-brokered private placement, increasing the number of units issued due to strong investor demand, which reflects interest in its silver projects in Arizona [1][4]. Group 1: Private Placement Details - The private placement was increased from 5,000,000 units to 11,500,000 units, resulting in gross proceeds of $575,000 at an issue price of $0.05 per unit [1]. - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one share at an exercise price of $0.10 for 24 months [2]. - A second closing of the private placement is planned, with up to 2 million additional units to be issued for gross proceeds of up to $100,000 [3]. Group 2: Use of Proceeds - Proceeds from the private placement will be used for exploration activities at the Silver King and Ripsey silver mines in Arizona, as well as for general corporate purposes [4]. - The company has also issued 150,724 shares to settle outstanding indebtedness of $7,536.20 [4]. Group 3: Exploration Plans - The CEO highlighted the strong investor interest in the company's silver projects, particularly the Silver King and Ripsey mines, and outlined a comprehensive exploration plan [4]. - A phase one drill program of a minimum of 1,000 meters is planned for the Silver King mine, which will test the mineralized body at various elevations [4]. - Detailed mapping and sampling programs are set to begin at both projects, with the potential for de-watering the Silver King shaft to access upper levels [4]. Group 4: Historical Context - The Silver King mine has a historical production of nearly 6 million ounces of silver at high grades, with some samples returning grades as high as 644 oz/t silver [9]. - The Ripsey mine has historical grades of up to 15.85 g/t gold and 276 g/t silver, but no modern exploration has been conducted [10]. - The strategic location of the Silver King mine, near the Resolution Copper project, offers potential upside for the company [11].
Beauce Gold Fields Honored to Participate in the Inauguration of Promenade des Mines
Thenewswire· 2025-07-18 16:20
Core Points - CanadaBeauce Gold Fields (BGF) is a mineral exploration company focused on gold in southern Quebec and recently attended the inauguration of the Promenade des Mines and Séraphin-Bolduc Dredge historic site, celebrating the town's mining heritage [1][3] - BGF made a symbolic donation to the Municipality of Saint-Simon-les-Mines, including a historical artifact and documents related to the Séraphin-Bolduc Dredge, which was the largest placer gold mine in Eastern North America during the 1960s [2][6] - The company aims to trace old placer gold workings back to a bedrock source to uncover economic lode gold deposits, with its flagship property being the Saint-Simon-les-Mines gold project, which is historically significant as the site of Canada's first gold rush [6] Company Overview - Beauce Gold Fields is focused on exploring and developing the largest placer gold district in Eastern North America, with a geological model suggesting that placer gold formed in stressed quartz pockets within layered domed Axis of Antiforms [6] - The company is currently drilling recently discovered antiform systems believed to have contributed to extensive auriferous placer deposits in Beauce, with historical production of large gold nuggets ranging from 50oz to 71oz [6]
Mustang Energy Corp. Initiates Exploration at Surprise Creek Project, Saskatchewan
Globenewswire· 2025-07-17 21:15
VANCOUVER, British Columbia, July 17, 2025 (GLOBE NEWSWIRE) -- Mustang Energy Corp. (CSE: MEC, OTC:MECPF, FRA:92T) (the “Company” or “Mustang”) is pleased to announce the commencement of its field exploration activities at the Surprise Creek Uranium-Copper Project (the “Project”), located in a prospective region known for its mineral potential north of the Athabasca Basin. The Company recently entered into an option agreement (the “Option Agreement”) with Thunderbird Resources Ltd. (“Thunderbird”) to acquir ...
Zeb Nickel Project to Commission a SpectremPlus(TM) EM Survey to Build on 2025 High-Resolution Gravity-Magnetic Dataset
Newsfile· 2025-07-17 12:54
Core Viewpoint - Zeb Nickel Corp has engaged Spectrem Air Proprietary Ltd. to conduct a 736 line-kilometre SpectremPlus™ airborne electromagnetic survey over its Zeb Nickel Project in Limpopo Province, South Africa, aiming to enhance the identification of potential nickel sulphide ore bodies [1][2]. Group 1: Survey Details - The airborne survey will cover approximately 736 line-kilometres, utilizing 150 m spaced traverse lines and 1,500 m tie-lines, with data acquisition scheduled for July 2025 [7]. - The SpectremPlus™ system is capable of imaging conductive bodies to depths exceeding 700 m, with a high RMS dipole moment of 756 kA·m² [3][7]. - The survey is expected to be completed within three days, with final processed data and interpretations anticipated within 30 days post-survey [7]. Group 2: Technical Integration and Benefits - The AEM survey will complement existing gravity-magnetic models, allowing for improved drill-target definition by distinguishing between conductive massive sulphides and resistive host rocks [3][4]. - By integrating EM conductivity data with gravity and magnetic models, the technical team aims to generate a prioritized pipeline of drill-ready targets for potential nickel-sulphide mineralization [4][6]. - The expected deliverables include a unified 3D geophysical block model that identifies and ranks high-priority target zones based on conductivity, density, and magnetic susceptibility signatures [13]. Group 3: Company Focus and Strategic Importance - Zeb Nickel Corp is focused on exploring and developing world-class mineral deposits, particularly those critical for rechargeable battery production, including nickel, lithium, and cobalt [14]. - The Zeb Nickel Project is strategically located in the Bushveld Complex, which is known for its rich mineral deposits [14].
Sitka Intersects 47.6 Metres of 2.09 g/t Gold, Including 8.0 Metres of 5.07 g/t Gold near Surface at the Saddle Zone at Its RC Gold Project, Yukon
Newsfile· 2025-07-17 12:30
Sitka Intersects 47.6 Metres of 2.09 g/t Gold, Including 8.0 Metres of 5.07 g/t Gold near Surface at the Saddle Zone at Its RC Gold Project, YukonJuly 17, 2025 8:30 AM EDT | Source: Sitka Gold Corp.Initial follow-up drilling at Saddle Zone identifies intersections of near surface multi-gram gold mineralization with up to 47.6 m of 2.09 g/t Au including 8.0 m of 5.07 g/t Au in Hole 87The high-grade, near surface gold mineralization at Saddle is within the proposed pit of the Blackjack Mineral R ...
Canadian Gold Corp. Field Exploration Underway at Hammond Reef South and Tartan West
Newsfile· 2025-07-17 11:30
Core Viewpoint - Canadian Gold Corp. has initiated two independent field exploration programs at the Tartan West Property and the Hammond Reef South Property, aiming to expand its high-grade gold resources and leverage potential future infrastructure investments [1][12]. Hammond Reef South - The 2025 field exploration program aims to follow up on high-grade gold samples discovered in the previous year, with funding from a recently closed private placement of $385,000 [2]. - Last year's exploration identified a new high-grade gold zone with assays returning 35.4 gpt, 11.6 gpt, 7.1 gpt, and 2.9 gpt gold, located only 2 km from Agnico Eagle's Hammond Reef Deposit, which has over 5 million ounces of gold [3][4]. - The current program will include surface work to evaluate the lateral extent and continuity of the gold system, building on last year's strong results [4]. - A geophysical program is also planned to target areas with higher sulphide content, which correlate strongly with gold mineralization [5]. Tartan West Property - Field crews have commenced a ground reconnaissance program along the Tartan Shear Zone, focusing on detailed mapping, prospecting, and sampling to verify historic high-grade surface showings [6]. - Historic high-grade gold surface samples include results of 118 gpt and 53.5 gpt gold, with previous drilling yielding extremely high-grade results such as 595.2 gpt over 0.2 metres [7][8]. - The Tartan West program is seen as a crucial step towards leveraging future infrastructure investments over an expanded resource base, enhancing economies of scale [9][15].
Wallbridge Commences Phase 2 Drilling at Martiniere
GlobeNewswire News Room· 2025-07-17 11:00
WEBINAR TODAY, JULY 17 @ 2:00 PM EDTRegister here:https://6ix.com/event/martiniere-phase-1-drilling TORONTO, July 17, 2025 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX: WM, OTCQB: WLBMF) (“Wallbridge” or the “Company”) is pleased to announce that it has commenced its second phase (“Phase 2”) of drilling at its fully owned Martiniere gold project (“Martiniere”). The Phase 2 campaign has been designed to follow up on the positive results returned from its Phase 1 drilling campaign completed in M ...
Homeland Nickel Samples 2.2% Nickel at Eight Dollar Mountain, Provides Exploration Update
Thenewswire· 2025-07-17 11:00
Core Insights - Homeland Nickel Inc. announced positive exploration results from its Eight Dollar Mountain nickel laterite property, with nickel assay values ranging from 0.21% to 2.21% and an average of 0.67% [3][5][8] Exploration Results - In June 2025, the company collected 56 surface samples from the Eight Dollar property, indicating the presence of nickel laterite [3][5] - The highest assay value recorded was 2.21% Ni, taken from a shallow historical pit, while the average grade was higher than the expected 0.4-0.5% Ni [5][8] Future Plans - The company plans to return to the Eight Dollar property for an expanded sampling program to estimate the extent of the laterite [5][8] - Homeland Nickel is also awaiting approval for its Plan of Operation for the Red Flat Nickel Laterite Project, which has faced delays [8][12] Property Details - The Eight Dollar Mountain Property is located 4 km west of Selma, Oregon, and is accessible via paved roads [7] - Previous exploration efforts in the 1950s and 1970s identified several zones of nickel laterite, but no resources were published [7] Quality Assurance - Sample collection and quality control were managed by a qualified person, ensuring the integrity of the assay results [10][12] Company Overview - Homeland Nickel is focused on critical metal resources, holding various nickel, copper, and gold projects in the United States and Canada [13]
Midnight Sun Announces Phase-One Dumbwa IP Results
Newsfile· 2025-07-17 10:30
Core Insights - Midnight Sun Mining Corp. has completed phase one of a 56 line-kilometre dipole-dipole induced polarization (IP) survey at the Dumbwa Target within its Solwezi Project in Zambia, covering 11.5 kilometres of strike length [2][3] - The results of the IP survey correlate with previous drill-identified mineralization, providing a detailed visual interpretation of the mineralized horizons at the Dumbwa Target, which will inform the upcoming drill program [3][4] - The company plans to commence an initial diamond drill program along the southern 11.5-kilometre strike length of the Dumbwa Target in approximately two weeks [7] Survey Results - The initial phase of the IP survey has illustrated the structural architecture of the Dumbwa Target, revealing a horizon that varies from flat lying to areas showing evidence of folding [5][6] - A strong correlation exists between mineralized intervals from previous drilling and the interpreted target horizon derived from the IP survey, along with a positive correlation to the overlying soil anomaly [6] Future Plans - With the understanding of the target horizon's geometry, the company is well-positioned to advance to the drilling stage, aiming to validate interpretations and unlock the potential of the copper target [4][7] - The insights gained from the IP survey are expected to enhance geological understanding and refine drill targeting strategies [4]