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Fury Finalizes Drill Targeting at its Newly Acquired Sakami Gold Project
Globenewswire· 2025-06-16 11:00
Core Insights - Fury Gold Mines Limited has finalized drill targets at the Sakami gold project in Northern Quebec, with a drilling campaign set to begin in late June 2025, targeting approximately 3,000 to 5,000 meters [1][2][6] - The Sakami project has historical drilling results showing significant gold intercepts, including 7.79 g/t Au over 3.0 m and 8.70 g/t Au over 7.0 m, indicating strong mineralization potential [1][4][6] Sakami Project Overview - The Sakami project spans approximately 14,250 hectares and is located 30 km east of the Billy Diamond Highway, situated within a structural corridor where gold mineralization has been identified over 23 km [4][6] - Gold mineralization is associated with a sulphide-rich horizon along the contact between the Opinaca and La Grande geological subprovinces [4][6] Drilling Campaign Priorities - The first phase of drilling will focus on three main priorities: 1. Discovering new mineralization at the Juliette target along a 23 km gold-bearing corridor 2. Confirming historical mineralized intercepts at La Pointe and La Pointe Extension 3. Extending high-grade mineralization to depth beneath historical drilling [6][7] Historical Drilling Insights - Historical drilling at Sakami has shown gold mineralization remains open to depth and along strike, with the undrilled Juliette target presenting a promising opportunity for additional discoveries [5][6] - The targeting matrix for the drilling campaign is robust, incorporating all available data to enhance the understanding of the project's prospectivity [3][6] Éléonore South Project Overview - The Éléonore South project is strategically located near significant gold deposits, with two distinct styles of mineralization identified: structurally controlled quartz veins and intrusion-related disseminated gold [11][12] - The first phase of drilling at Éléonore South comprised 12 diamond drill holes totaling approximately 4,930 m, with some holes intercepting low-grade gold mineralization [12][18] Future Exploration Plans - The company plans to follow up on numerous untested targets within the six square kilometer area of the Éléonore South project, indicating potential for further exploration and discovery [18]
WALKER BEGINS DRILL PROGRAM AT LAPON CANYON
Globenewswire· 2025-05-22 13:00
Core Viewpoint - Walker River Resources Corp. has initiated its 2025 reverse circulation drill program at the Lapon Gold Project, focusing on exploration drilling in the Lapon Canyon area, which is part of the Walker Lane Gold trend [1][2]. Group 1: Drill Program Details - The 2025 drill program will explore near the historical Lapon Canyon Mine, specifically targeting the "Central Zone" and the newly identified "Hot Spot Zone" [2][3]. - The Hot Spot Zone is a primary target, following a high-grade discovery in 2021, with grid-style drilling planned to assess the mineralized zone's extension and continuity with the Central Zone [3][6]. - The drilling will involve pads placed approximately 30 meters apart, with up to five holes planned per pad, as the mineralization is not visible at the surface due to overlying colluvium [3][6]. Group 2: Geological and Structural Analysis - Surficial mapping and rock sampling will be conducted around the Lapon Canyon gold targets, focusing on structural data collection to understand the controls of high-grade mineralization [4][5]. - The geological model for the Central and Hot Spot zones has been enhanced using historical data, aiding in the planning of the 2025 drill program [5][6]. Group 3: Project Overview - The Lapon Gold Project consists of 149 claims covering 3103 acres in the Wassuk Range, located approximately 60 kilometers southeast of Yerington, Nevada [7]. - The project is accessible via secondary state roads and is near a state power grid transmission line, facilitating operational logistics [7]. - The Rattlesnake, Range Front, and Pikes Peak claims add additional drill target areas, with historical mining activity indicating potential for further exploration [8][9].
New Found Gold Continues to Expand the Dropkick Zone at the Queensway Gold Project: 42.8 g/t Au over 14.95 m, 47.6 g/t Au over 3.95 m and 22.9 g/t Au over 2.40 m
Prnewswire· 2025-05-21 22:00
Core Insights - New Found Gold continues to report high-grade gold mineralization from its 2024 exploration program, particularly at the Dropkick and Pistachio zones, indicating potential for resource expansion [1][2][10] - The exploration program included 13,768 meters of drilling across 38 diamond drill holes, focusing on high-grade mineralization and strike extensions [2][10] Dropkick Zone - Significant drill results from the Dropkick zone include 42.8 g/t Au over 14.95 m and 47.6 g/t Au over 3.95 m, with mineralization now intersected over a 580 m strike extent [5][6] - The mineralization at Dropkick is open in all directions, with potential for further expansion [6][10] - The new domain of mineralization discovered east of the Appleton Fault Zone (AFZ) returned 5.30 g/t Au over 15.20 m, marking the first mineralization found in that area [6][10] Pistachio Zone - The Pistachio zone has shown promising results with 5.34 g/t Au over 7.30 m, extending the high-grade mineralization by 40 m down-dip [12][14] - The zone spans a strike length of 240 m and remains open down plunge and to depth [12][14] - Systematic reconnaissance drilling has identified additional target areas for future exploration [12][14] Future Plans - The company plans to conduct follow-up drilling at Dropkick starting in June 2025, with additional work planned at a soil anomaly located north of Pistachio [10][12] - The total drilling for the 2024 exploration program reached 89,974 m across 271 diamond drill holes, with results from 37,750 m in 82 holes to be included in the next mineral resource estimate [10][12] Company Overview - New Found Gold holds a 100% interest in the Queensway project located in Newfoundland and Labrador, which covers a significant area with a 110 km strike extent along two prospective fault zones [31][32] - The company is focused on growth and value creation, supported by a solid shareholder base, including a 19% holding by Eric Sprott [32]
Abcourt intersects 3.7 g/t gold over 11 metres directly below the Cartwright stripping and publishes a summary of the 2025 drilling campaign on its Flordin property in the Lebel-Sur-Quévillon area
Globenewswire· 2025-05-12 11:00
Objective 2: Confirm the presence and continuity of the South Zone that was discovered in 1988 by Cambior. Demonstrate that the mineralization of the South Zone is similar/different to that observed and described in the Cartwright area. In all, four (4) deep holes for a total of 2403 metres were made. All 2025 drilling in this area returned gold values over tens of metres in length. Hole FL-25-282 returned 1.1 g/t gold over 47.2 metres, including 7.6 g/t gold over 3 metres. The mineralization of the South Z ...
Onyx Gold Mobilizes Drill Rig and Outlines Targets for 10,000-Meter Timmins Spring Drill Program
Newsfile· 2025-05-09 11:30
Core Viewpoint - Onyx Gold Corp. is initiating a 10,000-meter Spring Drill Program at its Timmins properties, focusing on the Argus North discovery, which has shown promising high-grade gold mineralization [1][2][10] Group 1: Drill Program Details - The Spring Drill Program aims to follow up on the Argus North discovery, which has been tested by one drill hole, MC24-163, that intersected 3.4 g/t Au over 69.6 m, including a high-grade subzone of 13.9 g/t Au over 9.5 m [1][10] - The initial Phase 1 program will involve step-out drilling to extend the mineralization up-dip, down-dip, and along strike to the east and west [3][4] - Approximately 1,500 meters of the 10,000-meter program will be allocated for reconnaissance drilling at the Golden Mile property, targeting a key northern splay of the Pipestone Fault [6] Group 2: Geological Context and Potential - The Argus North zone is interpreted to be near-vertical and sub-parallel to the east-west trending Argus Main, which is located 3 km northwest of the past-producing Croesus Gold Mine [10][7] - Historical and recent trenching suggests multi-kilometer scale potential along trend that remains untested by drilling, with plans to target this larger scale potential, including first-ever drilling in the Argus West area [5] - The Argus Main Zone has shown improving gold grades and widths, with a highlight of 1.0 g/t Au over 63.0 m in drill hole MC24-166 [9] Group 3: Financial and Operational Aspects - The company has recently announced an upsized financing of $11 million, providing flexibility to expand the drill program based on initial successes [2] - The drilling will be conducted with a separate drill rig dedicated to the Argus North drilling at Munro Croesus, ensuring operational efficiency [6]
Goliath Resources Engages JDS Energy & Mining Inc. To Forge Plans To Drive An Exploration Adit At Its Surebet Discovery, Golddigger Property, Golden Triangle, B.C.
Globenewswire· 2025-05-05 11:08
Core Viewpoint - Goliath Resources Limited has engaged JDS Energy & Mining Inc. to assess the viability and development of an underground exploration adit at the Surebet zone of its Golddigger property, which is expected to enhance exploration efficiency and access high-grade gold zones [1][2]. Group 1: Project Development - The underground adit will provide access to the Bonanza Zone, which is approximately 200 meters above the valley floor, allowing for more efficient drilling and geological confirmation of high-grade gold lodes [2][4]. - The adit will facilitate geological confirmation of the thickness and continuity of the Bonanza Zone, potentially enabling bulk sampling and reducing drilling costs [5][6]. Group 2: Geological Insights - Recent geological studies indicate that gold mineralization occurs in two separate events with different temperatures, referred to as "Goldilocks," with the highest intercepts found where the Bonanza Zone intersects with the Surebet Zone [2]. - The Surebet discovery shows exceptional continuity and excellent metallurgy, with gold recoveries of 92.2%, and no deleterious elements such as mercury or arsenic present [6]. Group 3: Property Overview - The Golddigger Property covers 91,518 hectares in the Golden Triangle of British Columbia, an area known for hosting significant mines like Eskay Creek and Premier [3]. - Goliath controls 56 kilometers of the Red Line, a geological contact that is crucial for exploring gold-copper-silver mineralization [3]. Group 4: Infrastructure and Accessibility - The property is strategically located near communities with existing infrastructure, including a permitted mill site and direct barge access to Prince Rupert [7][8]. - Additional infrastructure includes proximity to the Dolly Varden Silver Mine Road and access to major transportation routes, enhancing logistical support for mining operations [8]. Group 5: Company Background - Goliath Resources is focused on precious metals exploration in the Golden Triangle and is a member of CASERM, which supports research in mining [12]. - The company has strategic shareholders, including Crescat Capital and McEwen Mining Inc., which may provide additional support for its projects [12].
New Found Gold Continues to Expand Queensway Gold Project at Depth: 38.7 g/t Au over 6.55 m at Dome and 10.3 g/t Au over 8.20 m at Keats South Deep
Prnewswire· 2025-04-29 21:00
Core Insights - New Found Gold continues to discover gold mineralization outside the initial resource at Queensway, with significant high-grade results from recent drilling [1][2][5] - The Phase I deep drilling program has successfully assessed the depth potential of the orogenic gold system at Queensway, revealing new zones over a kilometer below the surface [1][8] Drilling Results - The recent drilling program included 7,765 meters across 12 diamond drill holes, primarily targeting depth extensions at Dome and other areas [2][3] - Notable drill results include 38.7 g/t Au over 6.55 meters at Dome, and 10.3 g/t Au over 8.20 meters at Keats South Deep [5][11] - Eleven of the twelve drill holes reported were outside the initial mineral resource estimate area, indicating potential for resource expansion [2][6] Future Plans - The company is planning a 2025 drill program focusing on near-surface targets and high-priority discoveries, including Dropkick, Dome, and Golden Dome [9][30] - The completion of a preliminary economic assessment is scheduled for late Q2/25, which will further evaluate the Queensway project [30][31]
Lavras Gold Corp. Intersects 1.2 g/t Gold Over 251 Metres at Fazenda do Posto Gold Target, LDS Project, Southern Brazil
Newsfile· 2025-04-02 10:30
Core Insights - Lavras Gold Corp. has reported significant drilling results from the Fazenda do Posto Gold Target, with 12 new drill holes totaling 4,007 metres, intersecting gold mineralization in 11 of the holes [1][2][4] - The drilling results include a notable intersection of 251.0 metres grading 1.2 g/t gold, with higher-grade subintervals, indicating a robust gold mineralization footprint [3][4][5] - The company aims to define an economically feasible gold resource on the LDS Project, focusing on the Fazenda do Posto Gold Discovery and the adjacent Butiá Gold Deposit [2][4] Drilling Results - Hole 24FP032 returned 251.0 metres grading 1.2 g/t gold, including 100.0 metres grading 2.2 g/t gold and several higher-grade subintervals [3][4][5] - Drillhole 24BT043, collared on the Butiá claim block, successfully extended the known gold mineralized footprint to the northwest, confirming continuity of gold mineralization across a northeast-southwest trending structural corridor [4][10][12] - The results from the drilling program continue to demonstrate the excellent gold grade and continuity of the Fazenda do Posto Gold Discovery, with long continuous intervals of gold mineralization [5][12][19] Geological Insights - The current interpretation suggests that Fazenda do Posto is a steeply northwest plunging, irregular pipe-like structure, with ongoing drilling testing potential extensions to mineralization [5][12] - The drilling program aims to gain greater insight into the geological controls of mineralization, with a focus on northeast trending structures that influence the pattern and nature of mineralization [4][5][12] - A detailed metallurgical testing program has been initiated for Fazenda do Posto and Butiá as part of the overall derisking strategy for the project [2][5] Future Plans - The company plans to continue drilling at both the Butiá and Fazenda do Posto areas, as well as the Caneleira Concession, where recent discoveries have been made [6][12] - The ongoing drilling program is designed to further define the gold mineralization footprint and assess the potential for additional discoveries in the region [8][12]
Starcore Advances Exploration at Kimoukro Gold Project in Cote d'Ivoire
Newsfile· 2025-03-27 06:30
Core Viewpoint - Starcore International Mines Ltd. provides an update on the geological characteristics of its Kimoukro Project, located in the Fetekro-Oumé greenstone belt in Côte d'Ivoire, highlighting its potential for gold mineralization due to favorable geological conditions [1][21]. Geological Overview - The Kimoukro Project is situated in a fully-permitted exploration area within the Fetekro-Oumé greenstone belt, known for hosting significant gold deposits, yet remains underexplored [2][21]. - The Fetekro-Oumé greenstone belt consists of Paleoproterozoic basalts, andesites, and volcano-sedimentary sequences, characterized by structural complexity and deformation from the Eburnean Orogeny [3][4]. - The local geology includes alluvial sediments, primarily clay, with gold anomalies, and a maximum thickness of 20 meters [6][7]. Structural Geology - The structural framework reflects progressive deformation from the Eburnean orogeny, with steeply dipping foliation planes and evidence of multiple tectonic events [9][10][12]. - The area has undergone significant deformation phases, with quartz veining associated with shear deformation and varying structural styles depending on the host rock [13][18]. Mineralization - Gold mineralization at Kimoukro is both primary and secondary, with primary mineralization being structurally controlled and associated with shear quartz veins and intrusion-related systems [14][21]. - Significant gold anomalies have been identified, including a 2 km x 600 m area with over 50 ppb Au and a 600 x 400 m zone with over 200 ppb Au [15][16]. - Artisanal mining activities have returned gold grades between 0.5 to 1.5 g/t Au, with peaks of 18 g/t Au near granite-tonalite contacts [16][19]. Exploration Potential - The geological characteristics and mineralization styles at Kimoukro align with key gold systems in the Fetekro-Oumé belt, indicating strong potential for further discoveries [21]. - Exploration targets include deformation and alteration halos around granite-tonalite contacts, which are considered prospective for further exploration [20].