Mineral Exploration
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Mustang Energy Corp. Receives Exploration Permit for the Spur Project, Saskatchewan
Globenewswire· 2025-06-19 00:51
Core Insights - Mustang Energy Corp. has received exploration permits from the Saskatchewan Government for the Spur Project, enabling ground-based exploration activities [1][2] - The permits include various authorizations such as Crown Land Work Authorization and Aquatic Habitat Protection Permit, valid until April 30, 2028 [2] - The Spur Project covers 23,680 hectares and is located south of the Athabasca Basin, an area known for high-grade uranium deposits [4] Exploration Activities - The permits allow for activities including trail construction, line-cutting, ground geophysical surveys, and diamond drilling [2] - The company emphasizes ongoing engagement with local communities to address concerns and ensure sustainable project implementation [3] Geological Context - The Spur Project's geological setting includes Proterozoic basement rocks and uraniferous pegmatites, indicating potential for uranium, thorium, and rare earth element exploration [4] - Adjacent properties have reported high-grade surface grab samples, with notable results such as 8.0% U₃O₈ and 1.93% U [4] Company Overview - Mustang Energy Corp. focuses on acquiring and developing uranium and critical mineral assets, holding a total of 92,211 hectares around the Athabasca Basin [7][9] - The company has multiple projects, including the Ford Lake project and the Yellowstone Project, expanding its footprint in the region [7][9]
White Gold Corp. Appoints Dylan Langille Member of Great Bear Resources Discovery Team as Vice President of Exploration
Globenewswire· 2025-06-18 12:02
Company Overview - White Gold Corp. has appointed Dylan Langille as Vice President of Exploration, bringing a decade of experience in mineral exploration and a proven track record in gold discovery [1][2] - The company owns a portfolio of 15,364 quartz claims across 21 properties, covering approximately 300,000 hectares, representing about 40% of the Yukon's White Gold District [5] Key Appointments and Experience - Dylan Langille was part of the core discovery team at the Great Bear Project in Red Lake, Ontario, contributing to significant gold discoveries [2] - His expertise includes grassroots target generation and advanced-stage resource delineation in both greenfield and brownfield settings [2] Strategic Outlook - Langille expressed excitement about joining White Gold at a pivotal time, highlighting strong market conditions and increasing demand for high-quality gold projects [3] - The company is well-positioned for growth through new discoveries, leveraging its extensive portfolio of advanced assets and grassroots targets [3] Resource Estimates - The flagship White Gold project contains an estimated 1,203,000 ounces of gold in Indicated Resources and 1,116,600 ounces in Inferred Resources [5] - Regional exploration has led to several new discoveries and prospective targets, bordering significant gold projects owned by Newmont Corporation and Western Copper and Gold Corporation [5]
PAN GLOBAL INTERCEPTS FURTHER HIGHER-GRADE GOLD AND COPPER MINERALIZATION AT CÁRMENES PROJECT, SPAIN
Prnewswire· 2025-06-18 11:15
Core Insights - Pan Global Resources Inc. has announced positive results from its maiden drill campaign at the Cármenes Project in northern Spain, specifically from drillholes PVD03 and PVD04, which targeted extensions of breccia-hosted mineralization associated with the historical Providencia mine [1][4][10] Drill Results - Drillhole PVD03 intersected significant gold mineralization, including 56 meters at 0.37 g/t Au from 29 meters downhole, with higher-grade intervals of 4 meters at 2.19 g/t Au [5][10] - Drillhole PVD04 revealed high-grade copper, nickel, cobalt, and selenium intercepts, with a notable interval of 110 meters at 0.23 g/t Au from 8 meters downhole [5][10] - The results indicate a wide zone of breccia mineralization, expanding the known mineralization to the south, east, and north of the historical mine workings [4][10] Future Exploration - The company plans to drill three additional step-out holes targeting a principal untested gold zone at Providencia, which is expected to further define the mineralization potential [4][6] - A recently completed helicopter geophysics survey has identified multiple new targets with similar features to Providencia, indicating strong potential for additional discoveries [7][10] Project Overview - The Cármenes Project covers approximately 5,653 hectares and is located about 55 kilometers north of León, Spain, with a history of mining for copper and cobalt [11][12] - The project area is considered highly prospective for multiple bodies of breccia-style mineralization, with significant vertical dimensions exceeding 1 kilometer [11][12]
Troilus Drills 78.38 g/t AuEq Over 2 m, Including 153.73 g/t AuEq Over 1 m in the Southwest Zone
Globenewswire· 2025-06-17 11:00
Core Insights - Troilus Gold Corp. has announced final assay results from the Southwest Zone as part of its 2025 Exploration Program, confirming and extending higher-grade mineralization within the Phase 1 reserve pit [1][2][4] Exploration Results - The Southwest drill program has yielded significant results, confirming the continuity of higher-grade material within the current mine plan, which could optimize the early production schedule [2][4] - Drill hole SW-25-678 returned the highest assay to date from the Southwest zone, with 78.41 g/t AuEq over 2 meters, including 153.80 g/t over 1 meter [5][8] - Other notable results include drill holes SW-25-703 and SW-25-719, which returned 0.92 g/t AuEq over 69.3 meters and 0.94 g/t AuEq over 73 meters, respectively, confirming strong continuity of primary ore zones [6][8] Resource and Geological Insights - The Troilus resource is currently estimated at 11.21 million ounces (Moz) AuEq in the Indicated category and 1.80 Moz AuEq in the Inferred category [5] - The geology team is confident in the potential for further growth as they interpret the results from the drill program [4] Next Steps - The exploration team will incorporate the final drill results into the Southwest resource model and will shift focus to near-site and regional field targets, including a soil sampling program of approximately 3,700 samples [9] - A new phase of drilling is planned for the third quarter of 2025, targeting further high-grade extensions in the Southwest and conceptual targets outside current mine plans [9] Company Overview - Troilus Gold Corp. is a Canadian development-stage mining company focused on advancing the former Troilus Mine towards production, located in Quebec, Canada [20] - The company holds a large land position of 435 km² in the Frôtet-Evans Greenstone Belt and aims to establish a large-scale 22-year, 50ktpd open-pit mining operation [20]
SRQ Resources start drilling at Target 900, Lac Brulé property
Globenewswire· 2025-06-17 11:00
Core Viewpoint - SRQ Resources Inc. has commenced a 4,000-metre diamond drilling program at Target 900 on the Lac Brulé property, indicating significant exploration potential in the region [1][2]. Company Overview - SRQ Resources Inc. is a Canadian-based metals company focused on exploring nickel, copper, and platinum in Québec, owning 1,173 exploration claims covering 243 km² at Lac Brulé and 25 km² at Lac Brennan [14]. Drilling Program Details - The drilling program at Target 900 aims to explore a deep conductivity anomaly that begins approximately 500 metres below the surface and intensifies with depth, reaching the lower detection limit of 600 metres [8]. - The target is characterized by overlapping deep conductivity and gravity highs, which are indicative of a major mineralized system [2][4]. Geological Insights - Geological mapping at Lac Brulé reveals a complex intrusive body from the Late Grenville period, which hosts the mineralization discovered to date [4]. - The gravity anomalies at Target 900 show clear similarities to those at Lac Brennan, suggesting a larger mineralized footprint across the district [2][10]. Exploration Potential - The regional exploration model is gaining traction, with expectations of significant discoveries based on the geological and geophysical data [2]. - The deep EM conductor correlates with a high-amplitude gravity anomaly, indicating a strong subsurface target that could lead to substantial mineralization [9].
SRQ Resources start drilling at Target 900, Lac Brulé property
GlobeNewswire News Room· 2025-06-17 11:00
Core Viewpoint - SRQ Resources Inc. has commenced a 4,000-metre diamond drilling program at Target 900 on the Lac Brulé property, indicating significant exploration potential in the region [1][2]. Company Overview - SRQ Resources Inc. is a Canadian-based metals company focused on exploring nickel, copper, and platinum in Québec, owning 1,173 exploration claims covering 243 km² at Lac Brulé and 25 km² at Lac Brennan [14]. Exploration Details - The drilling at Target 900 is significant due to the presence of overlapping deep conductivity and gravity highs, which are indicative of a major mineralized system [2]. - The EM conductor at Target 900 begins approximately 500 metres below the surface and intensifies with depth, suggesting a robust geophysical feature [8]. - The deep EM conductor correlates with a high-amplitude gravity anomaly extending below 600 metres, indicating a strong subsurface target [9]. Geological Insights - Surface geological mapping at Lac Brulé reveals a complex intrusive body that hosts the mineralization discovered to date, with the upcoming drill campaign aimed at testing the overlap of geophysical anomalies [4]. - The similarities between gravity anomalies at Target 900 and those at Lac Brennan suggest a larger mineralized footprint across the district, indicating potential for significant discoveries [2][10].
Pan American Energy Signs Option Agreement to Acquire 100% Interest in the Tharsis Project, Northwest Territories
Globenewswire· 2025-06-16 12:00
Core Insights - Pan American Energy Corp. has entered into a definitive option agreement with Northern Critical Minerals Corp. to acquire up to a 100% interest in the Tharsis Project, located in the Northwest Territories, Canada [1][8] Project Overview - The Tharsis Project consists of seven mineral claims totaling 8,750 hectares and includes the Squalus Lake Alkaline Complex, which is approximately 180 kilometers north-northeast of Yellowknife [2][4] - Exploration has confirmed the presence of carbonatite-bearing rocks and the potential for rare earth elements (REE) and high field strength element (HFSE) mineralization [2][4] Agreement Terms - Under the agreement, Pan American can earn a 100% interest in the Tharsis Project over four stages by making total cash payments of $400,000, issuing 800,000 common shares, and funding $5 million in exploration expenditures over four years [3] - The breakdown of the stages includes cash payments of $100,000 and exploration expenditures of $500,000 in the first stage, increasing to $1.5 million in subsequent stages [3] Exploration Activities - NCM will act as the operator during the option period, managing exploration activities in coordination with Pan American [3] - Previous exploration work has included detailed geochemical sampling and a high-resolution UAV magnetic survey, revealing strong magnetic anomalies and elevated concentrations of REEs and HFSEs [4] Company Background - Pan American Energy Corp. is an exploration stage company focused on acquiring, exploring, and developing mineral properties containing battery and critical metals in North America [7]
RUA GOLD Reports Auld Creek Drilling Results Including 2.1m @ 64g/t AuEq Intersected 120m Below the Current Resource, Demonstrating Significant and Open-Ended Depth Potential
Newsfile· 2025-06-16 11:30
Core Viewpoint - Rua Gold Inc. has reported significant high-grade gold-antimony drilling results at the Auld Creek project, indicating substantial depth potential and continuity of mineralization beyond the current resource estimate [1][2][4]. Company Summary - Rua Gold is focused on expanding the Auld Creek resource, with drilling efforts aimed at both depth and lateral extensions, particularly in the Fraternal and Bonanza prospects [2][4]. - The company has an inferred resource of 700,000 tonnes at 3.1g/t Au and 1.1% Sb, equating to approximately 67,000 ounces of gold and 8,000 tonnes of antimony [11]. - Recent drilling has confirmed high-grade intersections, including 2.1m at 64.0g/t AuEq from a depth of 310m, showcasing the potential for resource growth [4][12]. Industry Context - Antimony is increasingly recognized as a critical mineral due to its applications in renewable energy, batteries, and technology, with prices surging from US$11,350 to over US$60,000 per tonne since early 2024 [8][9]. - The supply of antimony is predominantly controlled by China, Russia, and Tajikistan, making it a strategic material amid geopolitical tensions [8][9]. - New Zealand has included antimony in its Critical Mineral List, reflecting its importance in the global supply chain and the heightened demand for alternative sources [9].
Canterra Minerals Identifies New District-Scale Gold Targets Along Valentine Lake Shear Zone Immediately Adjacent to Equinox Gold's Valentine Mine in Central Newfoundland
Newsfile· 2025-06-16 11:00
Five multi-kilometre-scale gold targets defined through newly compiled and reprocessed geophysical datasets spanning the gold belt from Equinox's Valentine mine through Canterra's Wilding Gold Project. Each target demonstrates key geological characteristics analogous to those at the Valentine Mine, a 4.0 Moz Au M&I and 1.1 Moz Au Inferred resource (2024)1. The newly interpreted data supports a targeted and systematic basal till sampling program to accelerate drill targeting across multiple gold-bearing stru ...
Canadian Gold Resources Advances Bulk Sample Program Preparation and Discovers New Vein Structure at Lac Arsenault
Newsfile· 2025-06-12 13:15
Core Insights - Canadian Gold Resources has completed key site preparation activities at its Lac Arsenault Gold Project in Quebec, advancing towards a bulk sample program [1][5] - The Mersereau and Baker Veins are known for high-grade gold and silver mineralization, with recent surface washing enhancing visibility and aiding in the design of targeted extraction areas [2][5] - A new vein structure was discovered approximately 500 meters northwest of the Baker Vein, which may indicate the project's potential scale and complexity [4][5] Company Developments - The company is focused on advancing its bulk sampling plan and has refined its geological understanding through recent activities [5] - Representative samples from the newly discovered vein structure will undergo geochemical analysis to assess their potential [4][5] - Canadian Gold Resources is committed to providing updates on the bulk sample program timeline, assay results, and ongoing exploration activities in the near future [5] Project Overview - The Lac Arsenault Project hosts multiple gold-bearing epithermal vein systems and offers significant expansion potential through near-surface exploration [8] - The project is located in a mining-friendly jurisdiction, which is favorable for exploration and development activities [8]