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Miata Metals Hits Gold in Two Additional Targets with 5.3 m at 6.57 g/t Gold at Puma and 14m at 1.72 g/t Gold at Golden Hand
Globenewswire· 2025-09-16 12:38
Core Insights - Miata Metals Corp. announced significant drill results from its Sela Creek Gold Project in Suriname, highlighting high-grade mineralization at the Puma Target and wide mineralized intervals at the Golden Hand Target, indicating the project's district-scale potential [1][2]. Group 1: Drill Results - At the Puma Target, drill hole 25DDH-SEL-030 intersected high-grade mineralization, including 0.5m at 51.16 g/t gold and 0.5m at 10.4 g/t gold, confirming continuity between surface workings and subsurface mineralization [5][7]. - The drilling at Puma has completed 1,850 meters, with all but one hole intersecting gold-bearing zones, providing critical data for future drilling plans [6]. - At the Golden Hand Target, drill hole 25DDH-SEL-031 yielded an interval of 14m at 1.72 g/t gold, including 4m at 4.85 g/t gold, indicating a wide mineralized halo surrounding higher-grade cores [8]. Group 2: Project Potential - The Sela Creek project now has four confirmed targets showing grades and widths typical of orogenic gold systems, suggesting the potential for multiple gold-bearing pits [2][4]. - The company is re-evaluating the Jons trend target, which previously showed 42 meters averaging 1.22 g/t gold, to better assess its potential using new geological insights [9]. Group 3: Company Overview - Miata Metals Corp. is a Canadian mineral exploration company focused on acquiring, exploring, and developing mineral properties, holding a 70% interest in the Sela Creek Gold Project and an option for full ownership [13].
Bullion Gold Provides Updates on Its Bousquet, Langlade, and Bodo (Rivon Zone) Exploration Projects
Newsfile· 2025-09-16 12:15
Core Viewpoint - Bullion Gold Resources Corp. is making significant progress in its exploration programs at the Bousquet, Langlade, and Bodo projects in Quebec, with plans for initial drilling programs and positive geological findings [4][12]. Bousquet Project - The Bousquet project is located in the Bousquet-Cadillac mining camp, known for its gold production associated with the Cadillac-Larder Lake fault [5]. - The project features gold-bearing structures and is currently under an option agreement with Olympio Metals, which involves a cash and share payment of $1.25 million and $2 million in exploration expenditures for an 80% interest [5]. Langlade Project - The Langlade zone consists of 72 mining cells covering approximately 4,125 hectares and is identified as a polymetallic VMS (Cu-Zn-Ag) showing [6]. - The exploration program aims to define the lateral extensions of mineralization and confirm the potential for an economic deposit, with a 2,000-meter drilling program planned [7]. - Significant mineralization has been identified, including exceptional grades of up to 15.75% Cu, 384 g/t Ag, 6.85 g/t Au, and 1.21% Zn [7]. Bodo Project - The Bodo project encompasses 763 claims over an area of 410 km², situated in a structurally complex environment favorable for polymetallic systems [8]. - The Rivon zone within the Bodo project shows continuous gold and polymetallic shear zones, with permits obtained for drilling to assess mineralized structures [8]. Financial Activities - The company has closed a private placement, issuing 2,392,857 flow-through share units at $0.07 for gross proceeds of $167,500, and 2,000,000 share units at $0.05 for gross proceeds of $100,000 [9][10].
Decade Resources Reports Mineralized Quartz Veins and Porphyry Indicators at North Mitchell Property, Golden Triangle, BC
Newsfile· 2025-09-16 12:00
Core Viewpoint - Decade Resources Ltd. has reported promising results from its reconnaissance program at the North Mitchell Property, indicating potential mineralization and geological features that may lead to further exploration opportunities in the Golden Triangle of British Columbia [1]. Exploration Program - The 2025 field program included prospecting, geological mapping, and systematic chip sampling across newly exposed outcrops and float trains, focusing on gossanous walls, quartz-veined boulders, and altered host rocks [4]. - All samples have been submitted for multi-element geochemical analysis, including fire assay for gold and ICP-MS for silver, copper, lead, zinc, and pathfinder elements [4]. - Results from the assays are pending, with some samples sent for rush assaying to guide further exploration [5]. Geological Observations - Multiple gossanous outcrops with strong silicification, iron-oxide staining, and quartz veining were observed [7]. - Grey saccharoidal quartz was discovered adjacent to white quartz veins, hosting fine-grained sphalerite and galena, which are commonly associated with gold-silver systems in the region [7]. - Porphyritic intrusive rocks (diorite-granodiorite) were identified, suggesting a potential link to a copper-gold porphyry system at depth [7]. - A rock sample containing possible chalcocite was observed, indicating local copper enrichment [7]. Geological Context - The North Mitchell Property is underlain by Hazelton Group volcanic and intrusive rocks and is influenced by structures interpreted as splays of the Brucejack Fault [13]. - New mineralized exposures are located less than 3 km from Tudor Gold's Perfect Storm Zone drill hole PS-23-10, which intersected 102.15 m of 1.28 g/t AuEq [13]. - The presence of sphalerite- and galena-bearing quartz veins, iron-oxide alteration, and nearby porphyritic intrusives suggests the potential for an epithermal Au-Ag system with a porphyry source, similar to nearby Iron Cap and Brucejack deposits [13]. Company Comments - The President of Decade Resources stated that the reconnaissance program has identified a highly prospective target area at North Mitchell, with the combination of veining, alteration, and sulfide mineralization significantly advancing the understanding of the property [14]. - The company plans follow-up work, including detailed mapping and potential drill targeting [14].
Churchill Announces Fully Committed $3 Million Private Placement
Globenewswire· 2025-09-16 11:00
Core Viewpoint - Churchill Resources Inc. has announced a non-brokered private placement of 37,500,000 common shares at a price of $0.08 per share, aiming to raise total gross proceeds of $3 million to advance its strategic assets and for working capital [1][2]. Group 1: Offering Details - The Offering consists of 37,500,000 common shares priced at $0.08 each, totaling gross proceeds of $3 million [1]. - The net proceeds will be utilized to advance strategic assets in Newfoundland & Labrador, including the Black Raven Antimony-Gold Project, and for general corporate purposes [2]. - Finder's fees will be paid, including a cash commission of 7.0% of gross proceeds and the issuance of Finder's Warrants equal to 7.0% of the common shares issued [3]. Group 2: Closing and Regulatory Approval - The closing of the Offering is expected around September 25, 2025, subject to regulatory approvals, including from the TSX Venture Exchange [4]. Group 3: Company Overview - Churchill Resources Inc. is focused on strategic, critical minerals in Canada, particularly at its Black Raven, Taylor Brook, and Florence Lake properties in Newfoundland & Labrador [5]. - The management team has extensive experience in mineral exploration and establishing successful publicly listed mining companies [5]. - The company's projects are positioned to benefit from Newfoundland and Labrador's diverse minerals industry, which includes significant nickel mines and a well-developed exploration sector [5].
Mirasol Advances Large Untested Target Towards Drilling at the Flagship Sobek Copper-Gold Project in the Vicuña District, Chile
Globenewswire· 2025-09-16 10:59
Core Insights - Mirasol Resources Ltd. has identified the 46 South target as a high-priority drill target within its 100%-owned Sobek Copper-Gold-Silver Project in Chile, supported by geochemical soil surveys and IP ground geophysics [1][3][12] Group 1: Project Overview - The Sobek Project is located in the Vicuña District of Chile, near significant deposits such as Filo del Sol and Lunahuasi, with the 46 South target situated at the southern end of a 3-km N-S trending corridor [2][14] - The 46 South target is characterized by a large copper-gold-molybdenum geochemical anomaly measuring approximately 1.0 × 0.7 km, with maximum soil values of 275 ppm copper, 37 ppm molybdenum, and 88 ppb gold [6][9] Group 2: Geophysical and Geological Data - Airborne surveys have completed 2,700 line kilometers of magnetics and over 500 line kilometers of MT, revealing a district-scale magnetic high and an MT anomaly at depth beneath the 46 South target [4][5] - The geophysical data indicates a strong cylindrical magnetic susceptibility anomaly and a sharp resistivity contrast starting at elevations of approximately 4,600–4,500 masl, suggesting the presence of a porphyry system [7][10] Group 3: Exploration Strategy - An innovative Deep Vector IP and MT geophysical survey will be deployed to refine the geometry of the targets ahead of the anticipated drill program launch in early November [11][12] - The integration of various geophysical and geochemical datasets establishes 46 South as a compelling undrilled target, with plans for the first drill hole to test the overlapping soil anomaly and underlying mineralized systems [12][14]
Red Canyon Commences Kendal Ridge Targeted Drill Program
Thenewswire· 2025-09-16 10:30
Core Insights - Red Canyon Resources Ltd. has initiated diamond drilling at its 100% owned Kendal copper project in British Columbia, focusing on value-driven exploration for copper and copper-gold resources in North America [1][18] - The Kendal project is characterized as a large-scale hydrothermal system with potential multiple copper porphyry centers, covering an area of 4 km by 3 km [1][15] - The 2025 drilling program will primarily target the Kendal Ridge area, which is identified as the most advanced target within the Kendal system [1][3] Company Highlights - Wendell Zerb, Chairman and CEO, emphasizes the significant scale of the Kendal system and its proximity to essential infrastructure, which could enhance project economics [1] - The company controls a portfolio of seven 100%-owned copper and copper-gold projects in British Columbia and the Western United States [3] Kendal Project Details - The Kendal project consists of eight mineral claims totaling 3,582 hectares, located approximately 25 km northeast of Terrace, British Columbia [2] - Excellent infrastructure includes four highways, hydroelectric power, rail corridors, and port facilities about 120 km away at Prince Rupert [2] Drilling Program - The planned drilling program includes up to 8 drill holes totaling approximately 2,500 meters, focusing on the Kendal Ridge area [3][4] - Previous drilling in 2024 revealed a large-scale hydrothermal system with low-grade copper and molybdenum mineralization, indicating the potential for a significant copper center [3][15] - The 2025 program will utilize findings from expanded lithogeochemical studies and a MobileMT geophysical survey to optimize drilling locations [3][7] Geological Insights - The Kendal Ridge area is modeled within a broad zone of potassic alteration, suggesting that copper mineralization may be close to the surface [3][15] - Recent fieldwork has identified B veins in the Kendal Ridge area, extending the known potassic alteration footprint over a minimum strike length of 1.5 km [16] Financing and Future Plans - On August 26, 2025, the company announced a non-brokered private placement to raise up to C$2,200,000, with participation from a multinational mining company [17] - The financing is expected to close on September 18, 2025, supporting ongoing exploration efforts [17]
Integral Metals Corp. Announces Completion of Soil Geochemical Dataset at the KAP Project
Globenewswire· 2025-09-15 12:00
Core Insights - Integral Metals Corp. has completed a comprehensive soil geochemical dataset at its KAP project, revealing significant zinc and lead anomalies [1][5] Group 1: Geochemical Dataset - A total of 2,164 soil samples were collected, focusing on B-horizon soils to ensure consistency and minimize contamination [2] - Zinc values ranged from approximately 15 ppm to highs exceeding 69,900 ppm, while lead values ranged from 7 ppm to a maximum of 20,100 ppm [3] - Supporting elements included cadmium, with values reaching over 350 ppm, and thallium detected above background levels in association with elevated lead [3] Group 2: Analysis and Future Plans - The new dataset establishes a baseline for the geochemical character of the Main Showing and confirms the effectiveness of soil sampling in detecting mineralization [4] - The company has initiated detailed statistical and spatial analysis of the dataset, focusing on multi-element relationships and anomaly clustering [4] - The CEO expressed confidence in the scale and strength of the Main Showing, indicating plans for further exploration and drill target definition [5] Group 3: Company Overview - Integral Metals Corp. is engaged in mineral exploration for critical minerals, including gallium, germanium, and rare earth elements, aiming to contribute to a domestic supply chain [7] - The company holds properties in mining-friendly jurisdictions in Canada and the USA, with regulatory support for its exploration efforts [7]
Domestic Metals Announces LIFE Offering of Units
Globenewswire· 2025-09-15 11:30
Core Points - Domestic Metals Corp. announces a non-brokered private placement to raise up to $3 million through the issuance of up to 10,714,285 units at a price of $0.28 per unit [2][6] - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of an additional share at $0.40 for three years [3][6] - The offering is expected to close around October 7, 2025, pending regulatory approvals [6] Company Overview - Domestic Metals Corp. is focused on mineral exploration, particularly for large-scale copper and gold deposits in historical mining areas in the Americas [8] - The company aims to discover new economic mineral deposits in geologically favorable regions, leveraging historical drilling and sampling data [8] - The Smart Creek Project in Montana is highlighted as a key asset, featuring widespread copper mineralization and multiple exploration targets [9]
IAMGOLD 2025 Drill Program Extends Mineralization at Nelligan and Monster Lake
Newsfile· 2025-09-15 11:00
Core Insights - IAMGOLD Corporation has announced positive assay results from its 2025 drilling programs at the Nelligan and Monster Lake projects, confirming the extension of mineralized zones at both sites [2][3] - The combined resources at Nelligan and Monster Lake are nearly 9 million ounces, positioning Nelligan among the largest gold projects in Canada with significant growth potential [3][16] Nelligan Project Highlights - The 2025 drilling program at Nelligan included 27 diamond drill holes totaling 11,583 meters, confirming significant extensions of gold-bearing zones, particularly in the Renard, Footwall, and Zone 36 areas [8][16] - Notable assay results include 20.6 meters at 1.93 grams per tonne (g/t Au) and 36.5 meters at 3.03 g/t Au, indicating high-grade mineralization [6][8] - As of December 31, 2024, Nelligan's estimated mineral resources comprised 102.8 million tonnes of Indicated Resources grading 0.95 g/t Au for 3.1 million ounces and 166.4 million tonnes of Inferred Resources grading 0.96 g/t Au for 5.2 million ounces [21][22] Monster Lake Project Highlights - The Monster Lake drilling program involved 16 diamond drill holes totaling 10,137.5 meters, aimed at expanding mineralized zones and improving resource classification [23][24] - Significant assay results include 4.9 meters at 127.3 g/t Au and 9.0 meters at 23.4 g/t Au, showcasing the high-grade nature of the mineralization [11][30] - As of December 31, 2024, the estimated mineral resources at Monster Lake included 239,000 tonnes of Indicated Resources grading 11.0 g/t Au for 84,200 ounces and 1,053,000 tonnes of Inferred Resources grading 14.4 g/t Au for 488,500 ounces [30] Future Exploration Plans - The next phases of drilling at both Nelligan and Monster Lake will focus on infill drilling to convert Inferred Resources into Indicated Resources and to explore deeper extensions of the mineralized zones [14][25] - Regional exploration activities will continue to refine geological and structural models to identify additional targets for evaluation [15][25]
Aya Gold & Silver Confirms Discovery of New High-Grade Gold Zone at Asirem, West of Boumadine, Expands Footprint and Reports High-Grade Results from Boumadine Main Trend and Tizi Zone
Globenewswire· 2025-09-15 11:00
Core Insights - Aya Gold & Silver Inc. has announced new drilling results that support the discovery of a new gold zone at the Asirem Zone in Morocco, indicating its potential as a significant exploration target [1][3] - The company has reported high-grade drill results from the Boumadine Main Trend and Tizi Zone, and has expanded its regional footprint by acquiring two new mining licenses [1][3] Exploration Results - The Asirem Zone has been traced over an 8-kilometer strike length, with drilling results showing gold grades of up to 12.2 g/t and copper grades of 4.1% [3][4] - Significant intercepts from the Boumadine Main Trend include 369 g/t silver equivalent over 9.0 meters and 232 g/t silver equivalent over 12.2 meters, confirming the high-grade continuity of the mineralization [4][10] - A total of 102,979 meters have been drilled at Boumadine in 2025, with ongoing drilling focused on extending known mineralization trends [9][10] Future Plans - A Preliminary Economic Assessment (PEA) for the Boumadine Main Trend is expected to be released by year-end, which will further highlight the project's potential [3][4] - The company plans to continue drilling at the newly discovered 8-kilometer Asirem trend, with a total drilling program of 100,000 to 140,000 meters planned [18][21] Geological Insights - The geology of the Asirem Zone consists of Neoproterozoic rocks, primarily rhyolitic tuffs, with mineralization associated with quartz and carbonate veins containing gold, copper, and traces of silver, lead, and zinc [14][17] - The mineralization in the Boumadine area is characterized by massive sulphide lenses and veins, indicating a complex geological environment conducive to mineral deposits [11][14]