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Guardian Exploration Concludes 2025 Field Work at Sundog Gold Project; Reports Preliminary High Grade Gold Results
Thenewswire· 2025-11-12 14:00
Core Insights - Guardian Exploration Inc. has successfully completed its 2025 field program at the Sundog Gold Project, reporting significant gold assay results [1][30] - The Sundog property is located within a highly prospective geological region known for its gold deposits, including the world-class Meliadine mine [2][3] - The 2025 field program confirmed multiple gold-bearing structures and expanded the known mineralization footprint [6][27] Geological Context - The Sundog property spans 94.15 km² and is situated in the central Ennadai–Rankin Archean greenstone belt, which is a major gold metallotect [2] - The region has a history of significant gold production, including approximately 200,000 ounces from the historic Cullaton Lake mine [4] - The geological architecture of the Sundog project is typical of productive gold-bearing greenstone terranes across the Canadian Shield [5] Field Program Details - The 2025 field program was conducted from September 1 to October 7, involving geological mapping, trenching, and sampling [6] - A total of 248 rock samples were collected, including 86 cut channel samples from historic trenches [6] - Notable results included numerous samples returning over 10 g/t Au, with peak values reaching 34.45 g/t Au [11] Sampling and Results - Significant grab and channel sampling results were reported, confirming and extending previous findings [21][27] - The strike length of vein-hosted gold mineralization in Trench 10 was extended from 15.5m to at least 40m [27] - Trench 17 showed potential for lower-grade larger targets, with fine gold panned from weathered bedrock and soil [27] Future Exploration Plans - The company plans to expand the exploration area and conduct additional geological mapping, soil sampling, and diamond drilling in 2026 [30] - The 2026 field work will also include drone geophysics and further trenching to enhance understanding of the mineralization [30] Quality Assurance and Analytical Procedures - All samples collected during the 2025 program were sent to Paragon Analytical Ltd., an ISO-accredited laboratory, for analysis using the PhotonAssay™ method [34] - The company has implemented a QA/QC program to ensure the reliability of the analytical results [31][32]
Novo Resources (OTCPK:NSRP.F) Earnings Call Presentation
2025-11-12 13:00
Company Overview - Novo Resources Corp is focused on discovering standalone gold and copper projects with > 1 Moz Au (equivalent) development potential[16, 18] - The company has a diversified portfolio of exploration and development assets across leading mining provinces in Australia[16] - Novo has a strong balance sheet with approximately A$11 million in cash and A$37 million in investments[28, 99] Financials and Shareholder Structure - Novo's market capitalization is A$58 million with an enterprise value of A$46 million[28] - Top shareholders include Northern Star Ltd (100%), Liatam Mining Pty Ltd (62%), and IMC (Singapore) (57%)[28] - The company holds a portfolio of marketable securities valued at A$37 million, including shares in San Cristobal Mining Inc (A$21 million), Elementum 3D (A$14 million), Kalamazoo Resources (A$2 million), and Kali Metals (A$01 million)[29] Project Highlights - **John Bull Gold Project (NSW):** Features a 15 km long gold in soil anomaly with samples reporting > 45 g/t Au[43] - **Tibooburra Gold Project (NSW):** Historic drill results include 16 m @ 1389 g/t Au from 1 m[49] - **Belltopper Gold Project (Victoria):** Exploration Target range of 320 koz to 570 koz Au[62] - **Teichman Project (Pilbara):** Rock-chip assay results include 775 g/t Au, 93 g/t Ag, and 024% Cu at Pride NNE[73] - **Sherlock Crossing (Pilbara):** Scout RC drilling returned peak results of 3 m @ 296 g/t Au and 186% Sb from 108 m[80] Market Context - The gold spot price recently hit all-time highs of US$4,000 and is currently trading ~US$3,985[27] - Since the start of 2024, the gold price has increased by ~94% and the copper price has increased by ~28%[27]
Dryden Gold More Than Triples the Scale of the Elora Gold System with its 2025 Exploration Program
Newsfile· 2025-11-12 11:00
Dryden Gold More Than Triples the Scale of the Elora Gold System with its 2025 Exploration ProgramNovember 12, 2025 6:00 AM EST | Source: Dryden Gold Corp.Vancouver, British Columbia--(Newsfile Corp. - November 12, 2025) - Dryden Gold Corp. (TSXV: DRY) (OTCQB: DRYGF) (FSE: X7W) ("Dryden Gold" or the "Company") reports the final results from its 2025 drill program along the rapidly expanding, open-ended, high grade Elora Gold System. During 2025, the Company has more than tripled the size of th ...
Thor Explorations (OTCPK:THXP.F) 2025 Conference Transcript
2025-11-10 12:02
Summary of Thor Explorations Conference Call Company Overview - **Company**: Thor Explorations (OTCPK:THXP.F) - **Key Asset**: Segilola Gold Mine in Nigeria - **Other Projects**: Douta Project in Senegal, Guitri and Marahou Projects in Côte d'Ivoire Key Highlights - **Dividend Policy**: Thor Explorations has declared a quarterly dividend, contributing to share price growth [1] - **Production Metrics**: - Produced over 22,500 ounces of gold in the last quarter, consistent for three quarters [1] - Sold just under 20,000 ounces, with 6,000 ounces remaining unsold at over $4,000 per ounce [1] - Revenue for the quarter was approximately $70 million [1] - **Financial Performance**: - Expected record numbers in revenue, net profit, and EBITDA for the year [2] - Transitioned from a net debt position of $12 million to an expected cash position of $120 million by year-end, including $24 million in dividends paid [2] - High recovery rates of gold between 93% and 94% [2] Operational Insights - **Mining Efficiency**: - High-grade ore with a head grade of 2.5 to 3 grams per ton [2] - No debt on the balance sheet after repaying senior debt [3] - Cash growth of $10-$12 million per month [3] - **Exploration Potential**: - Significant upside from ongoing exploration beneath the pit, with over 150,000 ounces of gold identified that are not included in economic projections [5] - First mover advantage in Nigeria, with plans to capitalize on underfunded exploration in the region [7][8] Project Developments - **Douta Project in Senegal**: - Contains 1.78 million ounces of gold, with ongoing drilling and a preliminary feasibility study expected by year-end [9][10] - Potential for a mine life of over 20 years based on current findings [11] - **Côte d'Ivoire Projects**: - Acquired Guitri license for $100,000 and a 2% NSR, with successful initial drilling revealing multiple mineralized lenses [12][13] - Marahou Project shows promising soil anomalies with grades up to 29.9 grams per ton [14] Future Outlook - **Exploration Plans**: - Continued drilling in Côte d'Ivoire and Senegal, with a focus on expanding resource estimates and mine life [15] - **Sustainable Dividends**: - Commitment to return dividends to shareholders quarterly for a minimum of two years [15] Additional Notes - **Market Position**: Thor Explorations is positioned as a leading gold producer in Nigeria, with plans to expand its footprint in West Africa [6][8] - **Operational Strategy**: The company is investing in its own drilling rigs to reduce costs and increase exploration efficiency [8]
Resolution Minerals hits 253m of gold at Horse Heaven - ICYMI
Proactiveinvestors NA· 2025-11-07 07:13
Core Insights - Resolution Minerals Ltd has reported a significant drill intercept at the Golden Gate target, part of its Horse Heaven gold project in the United States, indicating promising gold mineralization [1][2] Drill Results - The latest drill hole returned 253 metres at 1.5 grams per tonne (g/t) gold, with a higher-grade zone of 120 metres at 2.3 g/t [2] - This intercept is mineralized from surface to end-of-hole and remains open-ended at the bottom, marking the third result from an ongoing ten-hole drilling program [3][7] - Previous intercepts included 189 metres at 1.3 g/t and 250 metres at 0.6 g/t gold [3][8] Drilling Program Expansion - In response to the positive results, the company has mobilized a second drill rig to the site, planning to target an additional five holes, equivalent to 5,000 feet of extra drilling [3][9] - The company is fully funded for this expanded drilling program, having recently raised USD 25 million, followed by an additional USD 2 million placement [4][10] Market Position and Future Plans - Resolution Minerals is advancing plans to list on Nasdaq, with increasing liquidity on the OTCQB market in the United States, which is expected to attract more US-based investors [4][11] - The company has received positive feedback and strong liquidity, indicating a growing interest in its operations [11]
New South Wales Exploration Update
Globenewswire· 2025-11-05 22:00
Core Insights - Novo Resources Corp. has made significant advancements in its exploration activities at the Tibooburra Gold Project in New South Wales, highlighting the potential for high-grade gold deposits similar to major Victorian-style gold deposits [2][3][5]. Exploration Activities - Recent exploration included mapping and surface sampling at key prospects such as New Bendigo, Pioneer, and Warratta Reef, along with re-logging historic diamond core and conducting down-hole geophysical surveys at the Clone prospect [6][8]. - Rock chip sampling at Pioneer North returned a peak result of 39.9 g/t Au, while Pioneer South showed multiple samples exceeding 1 g/t Au, with peak values of 19.8 g/t Au, 8.12 g/t Au, and 5.83 g/t Au [7][12]. Geological Understanding - The exploration has enhanced the geological understanding of the high-grade gold system, indicating a multi-kilometre-scale alteration corridor with potential for high-grade gold from multiple reefs [7][11]. - The mapping work supports the interpretation of shallow to moderate NNW plunging high-grade shoots as the primary target style [8][11]. Drilling Plans - The company is in the final stages of assessing further drilling to test the extensions of Clone and Pioneer South, with all regulatory approvals for drilling at the John Bull project near Grafton already received [4][9]. - Drilling targets are being evaluated at Pioneer, New Bendigo, and Clone, with a focus on high-grade shoots [8][22]. New Applications - An additional exploration license has been applied for at Tibooburra, covering approximately 350 sq km, which consolidates the trend and includes multiple areas of historic workings [37]. Summary of Results - Significant rock chip results from the recent exploration include 39.9 g/t Au from Pioneer North and multiple high-grade results from Pioneer South, indicating strong potential for further discoveries [7][12]. - The company is awaiting assay results from 136 rock chip samples across priority prospects and 115 soil samples from Warratta Reef [8].
New South Wales Exploration Update
Globenewswire· 2025-11-05 22:00
Core Viewpoint - Novo Resources Corp. has made significant advancements in its exploration activities at the Tibooburra Gold Project in New South Wales, identifying high-grade gold targets and enhancing geological understanding through recent mapping and sampling programs [5][6][7]. Exploration Activities - The exploration at Tibooburra involved mapping and surface sampling at key prospects including New Bendigo, Pioneer, and Warratta Reef, as well as re-logging historic diamond core and conducting down-hole geophysical surveys [6][8]. - Recent rock chip sampling returned notable results, including 39.9 g/t Au from Pioneer North and multiple samples exceeding 1 g/t Au from Pioneer South, indicating the potential for high-grade gold deposits [7][8]. Geological Insights - The geological mapping supports the hypothesis that mineralization at Tibooburra resembles major Victorian-style gold deposits, characterized by a combination of folding and faults that create high-grade ore bodies [3][4]. - The exploration has revealed a multi-kilometre-scale alteration corridor with significant gold-bearing quartz reefs, enhancing the potential for further discoveries [19][30]. Drilling Targets - Drilling targets are being assessed at Pioneer, New Bendigo, and Clone, with a focus on high-grade NNW plunging shoots [23][24]. - All regulatory approvals for drilling at the John Bull project have been secured, and negotiations for landholder access are ongoing [9][39]. New Applications - An additional exploration license covering approximately 350 sq km has been applied for at Tibooburra, consolidating the trend and including areas of historic workings [38]. Summary of Results - The exploration results include significant assays from various prospects, with Pioneer South showing consistent results above 1 g/t Au, including peak values of 19.8 g/t Au [12][16]. - The ongoing interpretation of mapping and sampling data will be integrated with pending assay results to refine potential drill targeting at Warratta Reef [34][35].
Aben Gold Receives Class 1 Quartz Approval to Conduct Exploration at Justin Gold Project
Globenewswire· 2025-11-05 12:00
Core Viewpoint - Aben Gold Corp. has received Class 1 Quartz Approval for exploration activities at the Justin Gold Project, allowing for a planned summer 2026 field program [1][2] Group 1: Project Approval and Plans - The Class 1 Quartz Approval has been granted by the Liard First Nations, Ross River Dena Council, and the Government of the Yukon, enabling exploration and diamond drilling activities in 2026 [1] - The approval does not impact the pending Class 3 Quartz Program application submitted in June 2023, which is still under consultation [1] Group 2: Exploration Activities - Planned exploration activities include grid soil sampling, rock sampling, geological mapping, and diamond drilling, primarily targeting the Lost Ace and POW zones [6] - The exploration aims to build upon the established mineralization potential and recent geophysical data, guiding future exploration efforts [7][10] Group 3: Historical Results and Data - Historical drilling results at the POW Zone include 1.25 g/t Au over 60.0 meters in hole JN11009 and 2.52 g/t Au and 29.53 g/t Ag over 12.0 meters in hole JN11010 [8] - A total of 4,972 meters have been drilled across 21 holes, indicating the presence of both intrusion-related and orogenic gold systems [10] - A 2017 bulk sample analysis recovered 1,135 gold grains, with 1,049 classified as pristine, suggesting proximity to the lode source [12] Group 4: Company Overview - Aben Gold Corp. is a Canadian gold exploration company with a flagship project, the 7,400-hectare Justin Gold Project, located in the Tintina Gold Belt [15] - The company also owns the Forrest Kerr Gold Project in British Columbia and aims to increase shareholder value through new discoveries and developing exploration projects in favorable jurisdictions [15][16]
Provenance Discovers New Mineralized Zone at Herman Assaying 5.94 g/t Gold Over 19.81m within 1.56 g/t Gold Over 254.51m From Surface: Extending Mineralization to the South
Newsfile· 2025-11-05 10:00
Provenance Discovers New Mineralized Zone at Herman Assaying 5.94 g/t Gold Over 19.81m within 1.56 g/t Gold Over 254.51m From Surface: Extending Mineralization to the SouthNovember 05, 2025 5:00 AM EST | Source: Provenance Gold Corp.Vancouver, British Columbia--(Newsfile Corp. - November 5, 2025) - Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) ("Provenance" or the "Company") is pleased to announce assay results from the third hole of the Company's first step-out drilling in the Herman Area a ...
Cartier Cuts 111.5 g/t Au over 2.0 m at Contact (Cadillac); Confirms Multiple High-Grade Gold Zones; Extends Drilling at Surface
Globenewswire· 2025-11-04 12:30
VAL-D’OR, Quebec, Nov. 04, 2025 (GLOBE NEWSWIRE) -- Cartier Resources Inc. (″ Cartier ″ or the ″ Company ″) (TSXV: ECR; FSE: 6CA) is pleased to announce the fourth batch of results from the fully funded 100,000-m drilling program (2 drill rigs) for the Contact Sector and more precisely, the North Contact Zone (NCZ), on its 100%-owned Cadillac Project, located in Val-d’Or (Abitibi, Quebec). The NCZ consists of three parallel high-grade gold zones: NCZ1, NCZ2 and NCZ3, spaced approximately 50 m apart. Strateg ...