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InZinc Intersects 19.1 m grading 3.3% Zn, 0.7% Pb and 7.4 g/t Ag from 30 m downhole, including 8.5% Zn, 2.1% Pb and 21.3 g/t Ag over 2.0 m - Further Expanding Shallow Mineralization at Indy Sedex Project, Central BC
Newsfile· 2025-08-21 12:50
Core Insights - InZinc Mining Ltd. has reported significant drill results from its Indy Sedex project, indicating further expansion of shallow mineralization in the B-9 Zone, with the widest intersection to date averaging 3.3% Zn, 0.7% Pb, and 7.4 g/t Ag over 19.1 m [1][4][9] Group 1: Exploration Results - The recent drilling included four new holes, bringing the total to 11 drilled, with results from three additional holes pending [1] - Drill hole IB25-032 reported a high-grade interval averaging 8.5% Zn, 2.1% Pb, and 21.3 g/t Ag over 2.0 m, located 30 m up-dip from a previous discovery [4][9] - The B-9 mineralized trend has been extended to over 700 m in length and remains open for further exploration at depth and along trend [4][13] Group 2: Geological Context - The Indy project covers 200 square km and includes a 30 km length of under-explored strata in central British Columbia, with mineralization typical of worldwide Sedex deposits [14] - The project is strategically located with access to essential infrastructure such as roads, rail, power, and smelters [14] Group 3: Historical Comparisons - The current results are compared to the 2018 discovery hole (IB18-009), which averaged 8.0% Zn, 2.0% Pb, and 16.2 g/t Ag over 9.9 m, indicating a consistent presence of high-grade mineralization in the area [4][9] - Previous drill results from 2022 and 2018 show a history of significant mineralization, reinforcing the potential of the B-9 Zone [18]
Silver Bullet Mines Updates on Washington Mine in Idaho and Updates Financing
Newsfile· 2025-08-21 12:05
Core Viewpoint - Silver Bullet Mines Corp. (SBMI) is optimistic about the potential of the Washington Mine in Idaho, believing it could become a significant mining operation again based on recent exploration results and historical data [1]. Group 1: Exploration and Findings - The geological team has identified historical workings at the Washington Mine, particularly the original high-grade gold discovery area, with samples showing a red hue associated with gold [2]. - Down dip portions of the gold shoot are documented and may serve as high-priority drill targets to outline the extension of the original high-grade gold discovery from the early 1890s, which was purported to be 1 oz/ton [3]. - Historical reports indicate that the Subrosa Adit at the Washington Mine had silver grades of 32 oz/ton and gold grades of 0.13 oz/ton over 65 feet, with current efforts focused on safely opening this adit for sampling [4]. Group 2: Current Operations and Future Plans - The company has engaged a contract miner to expose the Berger Vein at surface, with ongoing detailed mapping and soil sampling indicating the presence of fine gold [5]. - A plan for underground mining is being developed, targeting a significant bulk sample for processing in the coming weeks, which may lead to a resource report compliant with NI 43-101 standards [6]. Group 3: Financing and Use of Proceeds - SBMI has closed a strategic financing round, issuing 6,782,143 units at $0.21 per unit, raising gross proceeds of $1,424,250, with cash commissions of $43,379 and additional finders warrants [7]. - Proceeds from the financing will be allocated to further site work at the Super Champ, expand the King Tut Gold Mine footprint, advance the Washington Mine, and for general working capital [8].
Morocco Strategic Minerals Reports Initial Sampling Results from the Tifernine Property
Globenewswire· 2025-08-21 11:50
Core Viewpoint - Morocco Strategic Minerals Corporation announced positive results from its July 2025 sampling program on the Tifernine Property, indicating high-grade copper mineralization and significant potential for gold and zinc [1][11]. Sampling Program Overview - The Tifernine property spans approximately 16 km² and features several significant sub-vertical mineralized structures [2]. - A total of 14 channel samples (76 individual samples) were collected along the mineralized structure ST1, with additional grab samples from ST2 and ST3 [3][6]. Sampling Results - The sampling program highlighted the presence of high-grade copper mineralization, with 5 channel samples grading above 1.00% Cu and a peak value of 2.30% Cu [12]. - Notable results include: - Sample Tif-01: 0.025 g/t Au, 2.81 ppm Ag, 446 ppm Cu, 306 ppm CuOX, 314 ppm Pb, 683 ppm Zn over 2 meters [9]. - Sample Tif-11: 0.121 g/t Au, 6.42 ppm Ag, 2753 ppm Cu, 1543 ppm CuOX, 2511 ppm Pb, 3450 ppm Zn over 2 meters [9]. - Maximum zinc value of 17.75% Zn from sample Tif-07 [12]. Geological Context - The Tifernine property is characterized by Ediacaran rhyolitic and andesitic complexes intersected by ENE-WSW-oriented faults, hosting several sub-vertical structures [15][16]. - Structure ST1 is the most extensive, exposed over 600 meters of strike and reaching widths of up to 11 meters [7]. Future Plans - The company is designing a follow-up exploration program that will include detailed geological mapping and trenching to evaluate the continuity of mineralization and generate additional targets across the Tifernine property [11].
Trident Resources Commences 5,000 Metre Inaugural Drilling Program at Contact Lake Gold Project, La Ronge Gold Belt, Saskatchewan
Globenewswire· 2025-08-21 07:05
Core Viewpoint - Trident Resources Corp. has initiated its first diamond drilling program at the Contact Lake Gold Project, marking a significant milestone in exploring the potential of this underexplored gold project in the La Ronge Gold Belt of Saskatchewan [1][3][7]. Drilling Program Overview - The inaugural drill program will consist of 5,000 metres, focusing on high-priority zones and confirming historical mineralization data [4][8]. - This is the first drilling campaign at Contact Lake in nearly 30 years, aimed at validating historical results and expanding known gold zones [3][7]. Expansion Potential - The Contact Lake Gold Project has a history of gold exploration but remains largely underexplored using modern methods. The La Ronge Gold Belt is known for several past-producing mines, indicating strong potential for Contact Lake to evolve into a significant asset with district-scale growth opportunities [6][10]. Historical Drill Intercepts - Historical high-grade intercepts from the Contact Lake Mine include: - Hole TU89-125: 20.5m at 12.81 g/t Au - Hole TU89-127: 18.3m at 10.41 g/t Au - Hole TU90-146: 0.6m at 2,616.00 g/t Au - Hole TU92-316: 0.5m at 94.06 g/t Au - These results highlight the potential for significant gold mineralization at the site [8]. Next Steps - Drilling is expected to continue through fall 2025, with the first assay results anticipated later this year. The company will provide updates as results become available [8].
Almadex Provides Review of Spences Bridge Gold Belt Projects in Southern British Columbia
Globenewswire· 2025-08-20 19:31
Core Insights - Almadex Minerals Ltd. is focusing on its wholly owned Nicoamen and Merit Projects located in the Spences Bridge Gold Belt, which is gaining attention due to recent high-grade gold discoveries [1][2] Industry Overview - The Spences Bridge Gold Belt is a 110 km northwest-trending area in southern British Columbia, known for its potential for low-sulphidation epithermal gold-silver mineralization [2] - Approximately CA$55 million has been invested in exploration at the Shovelnose Property, which has led to a robust Preliminary Economic Assessment (PEA) for a low-cost, high-margin underground gold mining operation with an estimated mine life of 11.1 years [2] Nicoamen Project Highlights - The Nicoamen Project consists of 9 claims totaling 3,332 hectares, located near Lytton, British Columbia [3] - Previous exploration included stream sediment, rock, and soil sampling, trenching, and geophysical surveys, with the most recent work conducted by Independence Gold Corp. [4][6] - A magnetic survey identified a "magnetic low" structural corridor associated with mineralized chalcedonic quartz veins, yielding gold values up to 4.46 g/t [4][6] Merit Project Highlights - The Merit Project comprises four mineral claims covering approximately 1,900 hectares, located near Merritt, British Columbia [7] - Previous exploration has revealed multiple zones of alteration and mineralization, particularly at Sullivan Ridge, where trenching returned gold values of 7.24 g/t over 1.8 meters [7] - Independence Gold Corp. also conducted work on the Merit Property, with sampling returning assays of up to 9.5 g/t gold and 341 g/t silver [8] Future Plans - The company intends to seek a qualified partner to further develop the Nicoamen and Merit projects while currently focusing on advancing its U.S.-based exploration projects [9]
Silver Dollar Exercises Option on Government Gulch Portion of Ranger-Page Project
Newsfile· 2025-08-20 12:00
Core Viewpoint - Silver Dollar Resources Inc. has successfully exercised its option to acquire a 75% interest in the Government Gulch portion of the Ranger-Page Project, a significant mining area in the Coeur d'Alene Mining District, known for its high production of silver, lead, and zinc [2][4]. Company Summary - Silver Dollar Resources Inc. is focused on mineral exploration in North America's prominent mining regions, particularly Idaho's Silver Valley and the Durango-Zacatecas silver-gold belt [8]. - The company has a portfolio that includes advanced-stage projects like Ranger-Page and La Joya, as well as the early-stage Nora project [8]. - Silver Dollar's largest shareholder is renowned mining investor Eric Sprott, indicating strong financial backing [8]. Project Details - The Ranger-Page Project encompasses six historic mines and is strategically located near Interstate 90, providing year-round access to essential resources and infrastructure [7]. - The company has incurred over US$1,210,000 in exploration expenditures on the Government Gulch property, in addition to a payment of US$250,000 to the optionor [2][3]. - Silver Dollar has the option to acquire the remaining 25% interest in the Government Gulch property through negotiations or predetermined payment options [3]. Future Plans - If the company does not exercise the Second Option by December 31, 2025, a joint venture will be formed, with Silver Dollar acting as the operator [4]. - The Government Gulch Agreement includes provisions for dilution of interests if a joint venture participant does not contribute its proportionate share of expenses [4][6].
Searchlight Resources Completes Acquisition of 100% Interest in the Robinson Creek Gold Property
Newsfile· 2025-08-20 11:00
Searchlight Resources Completes Acquisition of 100% Interest in the Robinson Creek Gold Property August 20, 2025 7:00 AM EDT | Source: Searchlight Resources Inc. Vancouver, British Columbia--(Newsfile Corp. - August 20, 2025) - Searchlight Resources Inc. (TSXV: SCLT) (OTC Pink: SCLTF) ("Searchlight" or the "Company") is pleased to announce that it has completed the required payments and shares issuance to earn a 100% interest in the Robinson Creek Gold project, located approximately 16 km west of Creighton, ...
Sun Summit Provides Exploration Update from the JD Project in BC's Toodoggone District; Over 3,100 Meters of Drilling Completed at the Creek Zone
Newsfile· 2025-08-20 11:00
Sun Summit Provides Exploration Update from the JD Project in BC's Toodoggone District; Over 3,100 Meters of Drilling Completed at the Creek Zone August 20, 2025 7:00 AM EDT | Source: Sun Summit Minerals Corp. Vancouver, British Columbia--(Newsfile Corp. - August 20, 2025) - Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) ("Sun Summit" or the "Company") is pleased to provide an update from its ongoing project-wide 2025 exploration program at the JD Project, Toodoggone Mining District, north-central Bri ...
Midnight Sun Puts Second Drill To Work at Dumbwa
Newsfile· 2025-08-20 10:30
Core Insights - Midnight Sun Mining Corp. has initiated the use of a second diamond drill at the Dumbwa Target within the Solwezi Project in Zambia to accelerate exploration efforts [1][2] - The exploration program aims to correlate previous drilling data with new induced polarization (IP) data and a significant 20-kilometre soil anomaly indicative of copper mineralization [2] Company Overview - Midnight Sun is focused on the Solwezi Project, located in the Zambia-Congo Copperbelt, which is the second largest copper-producing region globally [6] - The project is adjacent to major copper mines, including First Quantum's Kansanshi Mine, enhancing its potential for discovery [6] Exploration Details - The Dumbwa Target is characterized as a near-surface, low-strip, bulk-tonnage exploration site, with geological features similar to Barrick's Lumwana Mine, located approximately 60 kilometres to the west [3] - A high-grade copper-in-soil anomaly extends about 20 kilometres along strike and over 1 kilometre wide, with peak copper values reaching 0.73% [3] - Recent IP surveys have revealed the structural framework of the Dumbwa target, indicating a correlation between mineralized intervals from previous drilling and the interpreted target horizon [4]
Collective Mining Drills 183.70 Metres at 3.01 g/t Gold Equivalent Commencing from 37.30 Metres Downhole at the Apollo System
Prnewswire· 2025-08-20 10:30
Core Viewpoint - Collective Mining Ltd. has announced positive assay results from its ongoing drilling program at the Apollo system, indicating significant gold-silver-copper-tungsten mineralization and the potential for further expansion of the resource [1][6][12]. Drilling Program and Results - The company is conducting a fully funded 70,000 metre drill program for 2025, with 11 drill rigs currently operational, focusing on the Guayabales Project and the San Antonio Project [2][3]. - Approximately 133,000 metres of diamond drilling have been completed at the Guayabales Project, with 93,000 metres specifically at Apollo [3]. - Recent assay results from four drill holes at Apollo revealed high-grade mineralization, including 183.70 metres at 3.01 g/t gold equivalent from 37.30 metres downhole (APC-134) and 37.15 metres at 7.05 g/t gold equivalent from 118.10 metres downhole (APC-136) [6][8][14]. Future Plans and Expectations - The company plans to expand the high-grade Ramp Zone at Apollo, with a second large capacity drill rig now on site and expected to begin operations shortly [4][6]. - The shallow drilling program at Apollo is nearing completion, with approximately six drill holes remaining, and is expected to enhance the internal block model by filling gaps and expanding the mineralized area by about five percent [14]. Project Overview - The Guayabales Project is the flagship project of Collective Mining, anchored by the Apollo system, which hosts large-scale, high-grade mineralization [12][11]. - The company aims to systematically drill test newly modeled high-grade sub-zones and explore greenfield targets within the project area [12].