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Makenita Resources Drilling Discovers Broad Zinc Mineralization Zone Intersected in Multiple Drill Holes Open to Expansion in Ontario Including 3 Metres of 2.9% Zn, 7.5 g/t Ag and 1.06 g/t Au
Newsfile· 2025-09-02 07:01
Core Insights - Makenita Resources Inc. has announced significant assay results from its maiden drill program at the Hector Silver Project in Ontario, Canada, indicating broad zones of polymetallic mineralization [1][3][4] Company Overview - Makenita Resources Inc. is focused on the Hector Silver Project, located in the historic Larder Lake Mining Division, covering 2,243 hectares with 126 contiguous unpatented mineral claims [2] Drilling Campaign Details - The 2025 drilling campaign included 516 meters of core drilling across three holes, targeting the historic Teck Block 9 polymetallic-silver zone [2] - All three drill holes intersected broad zones of polymetallic mineralization, characterized by pyrite-pyrrhotite-chalcopyrite-galena within intermediate volcanic rock [3] Mineralization Findings - Drill hole 25HC03 revealed 60.4 meters averaging 0.20% zinc, with a notable 3-meter sample returning 2.9% zinc, 7.5 g/t silver, and 1.06 g/t gold [5][8] - Additional holes, 25KC01 and 25HC02, also indicated mineralization, with 26 meters averaging 0.10% zinc and 4.5 meters grading 0.11% zinc, respectively [6][8] Exploration Potential - The drilling has defined a northwest-trending zone of mineralization that aligns with a magnetic gradient anomaly extending over 1.2 km, suggesting further exploration opportunities [4] Strategic Positioning - The Hector Project is positioned as a core strategic asset for Makenita, situated in a proven mining district known for silver and cobalt production, enhancing its exploration portfolio [8]
Q-Gold Announces $10,000,000 Financing to complete acquisition of Quartz Mountain Gold project in Oregon, USA and advance Mine Centre Camp in Ontario, Canada
Globenewswire· 2025-08-29 18:12
Core Viewpoint - Q-Gold Resources Ltd. is conducting a private placement offering to raise up to $10 million through the sale of units priced at $0.15 each, with proceeds aimed at financing mineral exploration projects and working capital [2][4]. Group 1: Offering Details - The offering consists of up to 66,666,667 units, each unit comprising one common share and one-half of a common share purchase warrant [2]. - Each warrant allows the holder to purchase one common share at $0.20 for 24 months, with an acceleration clause if the share price exceeds $0.25 for 10 consecutive days [2][4]. - The offering is structured as a "best efforts" private placement, subject to regulatory approvals and a four-month statutory hold period on the securities issued [3][4]. Group 2: Use of Proceeds - Proceeds will be used to finance the acquisition of the Quartz Mountain Project in Oregon, which is a late-stage mineral exploration project [4][6]. - Additional funds will support exploration along the Quetico Fault Zone in Ontario and provide working capital for general corporate purposes [4][6]. Group 3: Market Engagement - The company has engaged Independent Trading Group (ITG) for market-making services to enhance liquidity and maintain a reasonable market for its shares [8][9]. - ITG will receive CAD$5,000 per month for its services, with the agreement subject to renewal and termination conditions [9]. Group 4: Agent and Commissions - BMO Capital Markets is the sole agent for the offering, entitled to a 6% cash commission on gross proceeds and unvested broker warrants equivalent to 6% of units sold [7]. - Broker warrants will allow the purchase of common shares at $0.15 for 60 months, vesting under specific conditions [7]. Group 5: Qualified Persons - The technical information regarding the Mine Centre project has been reviewed by Jason Arnold, P.Geo., and the Quartz Mountain Project by Fred H. Brown, P.Geo., both recognized as Qualified Persons under NI 43-101 [10][11]. Group 6: Company Overview - Q-Gold Resources Ltd. is a Canadian-based mineral exploration company focused on high-grade gold and silver discoveries, currently exploring the Foley Gold Mine in Ontario [12].
Headwater Gold succeeding with portfolio, business model that fits the times
Proactiveinvestors NA· 2025-08-29 17:02
Industry Overview - The Western United States, particularly Nevada, is recognized as a highly attractive jurisdiction for mineral exploration due to its established mining culture, supportive policies, and prospectivity in areas like the Carlin Trend [1][2][3] - The current administration is improving permitting timelines, which benefits exploration companies [3] Company Strategy - Headwater Gold Inc. is advancing multiple projects in Nevada and Idaho, utilizing a business model that combines direct-funded discovery with a prospect generator strategy to minimize shareholder dilution [2][3][5] - The company emphasizes a portfolio approach in early-stage exploration, testing multiple targets simultaneously to increase the probability of discovery [4] Partnerships and Funding - Headwater has formed significant partnerships, including a notable deal with Newmont Corporation, which involves a minimum commitment of US$5 million in exploration work for the Spring Peak project [5][8] - OceanaGold has also partnered with Headwater, committing to a minimum spending of US$2.5 million across three projects in northern Nevada [9][10] - Headwater operates as the project operator in these partnerships, earning a 10% management fee on exploration work, which helps maintain a low corporate burn rate [11] Project Highlights - Headwater's projects include Midas North in Nevada, which is near a historic mining district and shows potential for significant discoveries based on early drilling results [12][13] - The Crane Creek project in Idaho features a 4-kilometer-long gold anomaly and has returned high-grade intercepts, indicating potential for vein-hosted discoveries [14] Future Plans - The company is preparing for multiple drilling programs, with Newmont-funded exploration expected to commence at the Lodestar project [15][16] - Drilling at the TJ project, under the OceanaGold partnership, is anticipated to start in the latter half of 2025 [16] Team Expertise - Headwater's success is supported by a team of experienced geologists with backgrounds in major and junior exploration, enhancing credibility and trust with partners [17][18]
District Metals (DMXC.F) 2025 Conference Transcript
2025-08-28 18:02
Summary of District Metals Conference Call Company Overview - **Company Name**: District Metals Corp - **Ticker Symbols**: DMXCF (OTCQB), DMX (TSXV) - **Industry**: Mineral exploration and development, specifically focused on uranium and polymetallic projects in Sweden - **Flagship Project**: Weaken Property, which hosts the largest undeveloped uranium deposit in the world [3][6] Key Points and Arguments Management and Team - The management team has a proven track record in exploration, discovery, and capital markets [5] - The CEO, Garrett Ainsworth, has significant experience in uranium exploration, having previously worked with Alpha Minerals and NextGen Energy [9][10] - The company has a strong board and advisory committee with diverse expertise in mining and capital markets [12][14] Jurisdiction and Market Environment - Sweden is recognized as an attractive jurisdiction for mining, ranked sixth by the Fraser Institute for investment attractiveness [18] - The Swedish government has shifted towards a pro-nuclear stance, planning to build 10 more nuclear reactors by 2045, which increases the demand for domestic uranium supply [21][22] - The lifting of the uranium mining moratorium is expected by January 1, 2026, which will allow full-scale operations on uranium properties [23][42] Project Details - The Weaken Property contains significant resources: - 4.3 billion tons with 1.5 billion pounds of uranium and 24.3 billion pounds of vanadium [26] - Additional potential for rare earth elements, which will be assessed once the moratorium is lifted [27] - The company also has other advanced exploration stage uranium properties in Sweden, including Soc Jarn and Arnaz Bara, which show promising mineralization [34][36] Economic Viability - Despite low-grade uranium, the project remains economically viable due to the presence of valuable byproducts such as vanadium, molybdenum, nickel, copper, and zinc [47][48] - The potential value of the Weaken deposit is enhanced by the strategic importance of these byproducts for the EU's supply chain [48] Market Comparisons - The company’s valuation is significantly lower than peers, with an estimated value of $0.09 per pound of uranium compared to the industry average of over $3 per pound [31][32] - Historical acquisitions in the uranium sector indicate potential for significant monetization events, suggesting a favorable outlook for District Metals [29] Upcoming Milestones - The company is conducting various surveys and expects results from mobile MT surveys and drone radiometric surveys in the coming months [40][41] - A preliminary economic assessment is anticipated to begin shortly after the moratorium is lifted, with a timeline of 6 to 12 months depending on survey results [52] Additional Important Information - The exit of Boliden, which was funding $10 million over four years, allows District Metals to focus solely on uranium projects [45][46] - The company has a strong shareholder base, including significant institutional investors, which supports its strategic direction [16][44] This summary encapsulates the critical aspects of District Metals' conference call, highlighting the company's strategic positioning, project potential, and market dynamics.
Bonterra Provides Exploration and Corporate Updates
Newsfile· 2025-08-28 10:00
Core Insights - Bonterra Resources Inc. is advancing exploration at its Desmaraisville South and Phoenix JV Projects, with significant drilling and sampling activities underway [1][3][5] Exploration Updates at Phoenix JV - The exploration program at the Phoenix JV, led by Gold Fields, includes a 15,000 m drilling campaign starting with one drill rig mobilized on the Duke NE target [2][5] - Over 65,000 m have been drilled to date, with approximately C$20 million invested under the joint venture agreement [1] - Prospecting and mapping activities have been conducted at various targets, including Gladiator SW and Titan, alongside a completed airborne gravimetric survey [2][4] Exploration Updates at Desmaraisville South - Drilling at Desmaraisville South has commenced, with approximately 2,500 m drilled at the Hewfran and Mistik targets [7] - A planned drill program of 10,000 to 12,000 m is expected to be completed by year-end, utilizing AI-assisted mineral discovery technology [7] Corporate Updates - The company successfully closed a brokered private placement for proceeds of $10.5 million, with 2,509,109 non-transferable broker warrants issued [9] - Bonterra's assets include significant gold deposits, totaling 1.24 million ounces in Measured and Indicated categories and 1.78 million ounces in the Inferred category [11]
Prismo Metals Discovers Two Separate Mineralized Veins at Silver King
Thenewswire· 2025-08-28 07:30
Core Insights - Prismo Metals Inc. is advancing exploration work at the Silver King mine, identifying two previously undescribed veins with mineralogical characteristics similar to the existing deposit [1][2] - Preliminary analysis indicates the presence of lead, silver, copper, and zinc in the mineralization, with lab results expected soon [1][2] - The Silver King mine has historical significance, having produced nearly 6 million ounces of silver at grades up to 61 oz/t, with potential for high-grade mineralization remaining [12][21] Exploration Updates - The exploration program at Silver King is set to be completed in September, followed by a preliminary drilling program pending permit approval [6] - Initial work has included a property-wide survey and geochemical analysis around the Silver King deposit, which is strategically located near other significant deposits like the Resolution Copper project [4][14] Historical Context - The Silver King mine was discovered in 1875 and has a rich production history, with significant output occurring until 1928 [20][15] - Selected samples from the late 1990s indicated grades as high as 644 oz/t silver, suggesting that high-grade mineralization remains in the area [21][13] Strategic Positioning - The mine's location, only 3 km from the Resolution Copper project, offers strategic advantages and potential for further exploration [14][21] - The acquisition of the Silver King mine represents a rare opportunity for the company, given its proximity to other world-class deposits and the lack of modern exploration [7][6] Upcoming Events - Prismo will host a live webinar on September 3rd, where executives will discuss the company's exploration projects and answer audience questions [10][11]
U.S. GoldMining Advances 2025 Exploration Program Targeting Continued Growth at the District Scale Whistler Gold-Copper Project, Alaska
Prnewswire· 2025-08-27 11:00
Core Viewpoint - U.S. GoldMining Inc. is advancing its exploration efforts at the Whistler Gold-Copper Project in Alaska for the 2025 field season, focusing on developing new drill targets and expanding its resource base [1][4][6]. Exploration Program Details - The 2025 exploration program aims to explore multiple targets across the Whistler Project, with a focus on the Whistler Orbit and Muddy Creek prospect areas [1][4][6]. - The program includes systematic 'scout' drilling over the Whistler – Raintree mineral system, covering an area of approximately 5 x 5 km, and aims to identify fertile porphyry intrusions [6][7]. - The Muddy Creek area has a significant gold-in-soil geochemical footprint of approximately 6 x 4 km, with historic sampling returning values exceeding 1 gram per tonne gold, including peak values of 111.50 g/t Au [6][8]. Political Engagement - U.S. GoldMining hosted U.S. Senator Lisa Murkowski at the Whistler Project on August 21, 2025, highlighting the political interest in responsible resource development in the West Susitna Mineral District [1][5][6]. Resource Estimates - The Whistler Project consists of several gold-copper porphyry deposits and exploration targets, with a mineral resource estimate of 294 million tonnes at 0.68 g/t AuEq for 6.48 million ounces AuEq indicated, and 198 million tonnes at 0.65 g/t AuEq for 4.16 million ounces AuEq inferred [11].
C3 Metals Awards Maiden Drill Contract at Khaleesi Copper-Gold Project, Peru
Newsfile· 2025-08-27 11:00
Core Viewpoint - C3 Metals Inc. has engaged AK Drilling International S.A. to initiate a minimum of 6,000 meters of diamond core drilling at its wholly-owned Khaleesi copper-gold project, with mobilization scheduled for early September 2025 [1][2]. Company Overview - C3 Metals Inc. is focused on mineral exploration, aiming to create value through the discovery and development of large copper and gold deposits, holding approximately 31,000 hectares in the Andahuaylas-Yauri Porphyry-Skarn belt of Southern Peru [18]. Project Details - The Khaleesi project is located on a mineralized skarn, epithermal, and porphyry prospect within a well-known mining belt, strategically positioned near major copper mines such as Las Bambas and Constancia [6][8]. - The project area has never been drill tested historically, and the current exploration program is a high priority for the company [17]. Exploration Program - The initial drilling program consists of 14 holes designed to test high tenor geochemical and geophysical anomalies, with significant copper-molybdenum and copper-zinc soil anomalies identified [2][9]. - Recent geophysical surveys have revealed large magnetic, induced polarization, and magnetotelluric anomalies, indicating a potentially significant hydrothermal system at Khaleesi [14][17]. Historical Context - The company has previously collaborated with AK Drilling for resource delineation at the nearby Montana de Cobre project, which yielded a Measured and Indicated Mineral Resource of 51.9 million tonnes at 0.50% total copper and 0.20 g/t gold [5][6].
Inflection Resources Granted Additional Exploration Licenses Covering New Copper-Gold Targets
Thenewswire· 2025-08-27 10:30
Core Viewpoint - Inflection Resources Ltd. has been granted several exploration licenses in the northern extension of the Molong Volcanic Belt, which the company believes to be highly prospective for large copper-gold intrusive related mineral systems [1][2]. Summary by Sections Exploration Licenses - The company has acquired 3,336 km² of exploration licenses, referred to as the Molong North project, which includes two main areas: Coonamble and Mendooran [3][5]. - These licenses cover large copper-gold targets that have never been drill tested and are strategically located north of the Cadia copper-gold mine owned by Newmont [5]. Geological Interpretation - The licenses are based on detailed geological interpretation that models the extension of the Macquarie Arc further north, under post-mineral cover [2][4]. - The company utilized precompetitive geological and geophysical data to identify intrusion-like anomalies in the Ordovician basement, which may represent large porphyry or intrusion-related copper-gold systems [4][5]. Target Areas - Eleven major targets have been identified in the Coonamble area, showing high amplitude magnetic signatures indicative of potential porphyry-related alteration at depth [7][8]. - The Mendooran target area consists of interpreted intrusions along a significant cross-arc structure, which is important for fluid flow and the emplacement of large-scale mineral systems [12][14]. Exploration Strategy - The company plans to explore these new areas with a methodical and cost-effective approach, applying sound geoscience [2][5]. - Inflection has significant experience exploring the covered segment of the Macquarie Arc and has an ongoing exploration partnership with AngloGold Ashanti [4][5].
Ophir Expands High-Grade Cesium Zone at Depth with 0.92% Cs2O over 1.0 m at the HW3 Pegmatite, Pilipas Property, Quebec
Newsfile· 2025-08-27 10:30
Core Viewpoint - Ophir Metals Corp. has announced significant assay results from its 2025 drill program at the Pilipas Lithium Property, highlighting the presence of high-grade cesium and tantalum mineralization, indicating strong multi-commodity potential in the region [1][2][4]. Group 1: Drill Program Results - The 2025 drill program included 16 drill holes totaling 936 meters at the HW3 Cesium Pegmatite, confirming the presence of cesium mineralization with an intercept of 0.92% Cs₂O over 1.0 meter [4][5]. - Multiple samples returned elevated cesium values, with 16 samples exceeding 0.06% Cs₂O, demonstrating a highly anomalous system across various horizons [5][6]. - Tantalum results were also notable, with 31 samples returning over 50 ppm Ta₂O₅, including a peak of 1,248 ppm Ta₂O₅ over 0.5 meters [6][8]. Group 2: Geological Significance - The presence of pollucite, a rare cesium mineral, was visually noted in drill core, supporting the continuity of cesium mineralization from surface to subsurface [9]. - The pegmatites at Pilipas are described as highly fractionated, which is consistent with the processes that concentrate cesium, lithium, and tantalum [9]. - The 4.2 km corridor between HW1 and HW3 shows limited outcrop exposure, suggesting potential for additional discoveries along the pegmatite trend [9]. Group 3: Future Exploration Potential - Other areas of the Pilipas Property are considered highly prospective for Lithium-Cesium-Tantalum (LCT) mineralization, supported by strong geochemical fertility ratios from pegmatite grab samples collected in 2024 [10]. - Fertility criteria ratios such as K/Rb, Nb/Ta, Zr/Hf, and Mg/Li indicate a higher likelihood of hosting LCT mineralization in the region [10].