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Lahontan Drills More Shallow Oxide Gold at West Santa Fe: 49m Grading 0.83 g/t Au Eq Including 11m Grading 1.83 g/t Au Eq
Globenewswire· 2026-02-18 12:02
Core Viewpoint - Lahontan Gold Corp. has announced positive analytical results from its 2025 drilling program at the West Santa Fe project, confirming the presence of precious metal mineralization and indicating potential for further exploration and development [1][4]. Drilling Results - The recent assay results include two reverse-circulation drill holes, WSF25-02R and WSF25-05R, with significant intervals of gold and silver mineralization [1][2]. - WSF25-02R reported 48.8 meters grading 0.83 g/t Au Eq, including 10.7 meters at 1.83 g/t Au Eq, indicating strong continuity with historic drilling [2][8]. - WSF25-05R showed 45.7 meters grading 0.64 g/t Au Eq, with a notable 9.2 meters at 1.29 g/t Au Eq, suggesting mineralization begins at the surface [2][8]. Mineralization Characteristics - The mineralization at West Santa Fe has a surface expression of approximately 500 by 350 meters, with thickness varying from 35 to 60 meters [4]. - The geometry of the mineralized zone is gently dipping, which may facilitate low-cost open-pit mining in the future [6]. Future Plans - The company has multiple drill sites permitted around the central mineralized zone and is planning follow-up drilling to further delineate the West Santa Fe system [4]. - The final results from the 2025 drill program are expected to be released shortly, with ongoing plans to advance the Santa Fe Mine project towards production [4][19]. Company Overview - Lahontan Gold Corp. is a Canadian mine development and mineral exploration company with four gold and silver exploration properties in Nevada's Walker Lane [19]. - The flagship Santa Fe Mine project has a historical production of 359,202 ounces of gold and 702,067 ounces of silver, with a current indicated mineral resource of 1,539,000 oz Au Eq [19].
Hannan Develops New High-Grade Zone 1 km South at Previsto up to 6.7 g/t Gold as Multiple Targets Developing
TMX Newsfile· 2026-02-18 11:30
Core Insights - Hannan Metals Limited has announced new high-grade gold results from the Previsto prospect at its Valiente project in Peru, confirming two new high-grade trends developing 1 km south of the Previsto Central zone [1][3]. Group 1: Exploration Results - New rock chip results have extended a 42 m mineralized trend at Mirador Creek, with significant findings including a 6.7 g/t Au rock chip sample [2][4]. - The exploration at Previsto has validated high-grade gold over a 1.2 km trend between Mirador Creek and Previsto Central, indicating multiple new targets [3][4]. - A new high-grade zone has been identified, returning 1.8 g/t Au over 2.4 m, located 1 km south of Previsto Central [4][10]. Group 2: Technical Details - The Mirador Creek area has been systematically sampled, with channel samples showing an average gold grade of 0.1 g/t and rock chip samples averaging 0.4 g/t [7][11]. - In the Honda Creek area, 61% of samples returned results between 0.05 and 0.26 g/t Au, indicating a different geochemical signature compared to Previsto Central [8][10]. - Soil sampling at Palestina Creek has shown anomalous gold values, with peak values reaching 211 ppb Au, suggesting the potential for undiscovered mineralization [12][13]. Group 3: Future Plans - The company is moving into the next phase of work, focusing on expanding the high-grade footprint at Mirador Creek and advancing towards drill permitting [5][14]. - Detailed structural mapping and integration of surface results will inform the upcoming drill program at Previsto [16][14]. - Environmental baseline monitoring has been completed, and community engagement meetings are planned to discuss the proposed drill program [16][14].
Headwater Gold Mobilizes Geophysical Surveys at Jake Creek Project, Nevada and Provides Update on Exploration Activities
Thenewswire· 2026-02-18 11:30
Vancouver, British Columbia - TheNewswire - February 18, 2026: Headwater Gold Inc. (CSE: HWG) (OTCQX: HWAUF) (the "Company" or "Headwater") is pleased to announce that CSAMT resistivity and ground gravity geophysical surveys are underway at its 100%-owned Jake Creek project in Nevada. The surveys are fully funded pursuant to the earn-in agreement with OceanaGold Corporation (“OceanaGold”) (TSX: OGC, OTCQX: OCANF) (“Oceana”) announced on October 15, 2025.Highlights: CSAMT and Gravity Geophysical Surveys Un ...
Silver Hammer Initiates Geological Analysis at Its 100% Owned High-Grade Eliza and Silverton Projects in Nevada Before 2026 Drill Season Commences
TMX Newsfile· 2026-02-17 17:00
Core Viewpoint - Silver Hammer Mining Corp. is initiating an advanced data compilation project for its Eliza and Silverton Projects, aimed at enhancing exploration efforts for silver, gold, and copper mineralization in 2026 [1][2]. Group 1: Data Compilation and Analysis - The data integration project will synthesize extensive legacy data, including over 250 line-km of heliborne magnetic and radiometric surveys and over 700 soil geochemistry samples at the Eliza Project [2][3]. - The Silverton Project will also undergo further analysis, incorporating over 80 line-km of heliborne surveys and over 100 soil samples, to develop predictive geological models [2][3]. - The primary goals include identifying new high-probability targets for mineralization, refining definitions of mineralized zones, and optimizing exploration budgets [2][3]. Group 2: Project Locations and Historical Context - The Eliza Project is strategically located near the Treasure Hill Silver Area, known for its historical high-grade silver production in the 1860s and 1870s [3][4]. - The project area includes several historical mines, such as the Belmont, Passynak, and California Mines, which have shown promising geological features [4][6]. - Initial interpretations suggest a north-northeast trend in mineralization, aligning with historical mining activities in the region [4][6]. Group 3: Future Exploration Plans - The company plans to conduct a Phase 3 compilation involving drilling in the South Fault Block after completing the current data integration [4][10]. - A drill program is being finalized for the California Patent area, which does not require a permit, indicating readiness for immediate exploration activities [4][10]. - The anticipated completion of the Eliza Plan of Operations Permit is expected in late spring 2026, which will facilitate further exploration [4][10]. Group 4: Geochemical Data Highlights - Historical sampling at the Eliza Project has returned high-grade silver assays, with notable results such as 1540 g/t Ag and 0.226 g/t Au from specific samples [6][14]. - Recent sampling in 2023 has also indicated significant silver and copper grades, with samples showing up to 26.95 g/t Ag and 23.4 g/t Cu [14]. Group 5: Company Overview - Silver Hammer Mining Corp. focuses on advancing high-grade silver projects in the U.S., controlling 100% of several previously producing mines [17]. - The company aims to explore and develop projects near past-producing mines that have not been adequately tested, providing exposure to silver, copper, and gold [17].
Prismo Metals to Host Webinar on February 26th, 2026
Thenewswire· 2026-02-17 15:35
Company Overview - Prismo Metals Inc. is a mining exploration company focused on advancing its Silver King, Ripsey, and Hot Breccia projects in Arizona, as well as its Palos Verdes silver project in Mexico [9] Upcoming Webinar - The company will host a live webinar on February 26th, 2026, at 1:00 PM PST (4:00 PM EST) to discuss its upcoming drill program at the Silver King project [1][2] - CEO Alain Lambert and Chief Exploration Officer Dr. Craig Gibson will present and answer questions from attendees [2] Drill Program Details - The company has received formal permit approval from the U.S. Forest Service for its fully funded drill program at Silver King [2] - Godbe Drilling LLC has been engaged to conduct the Phase 1 drilling program, which is based in Colorado and has extensive experience in the southwestern United States [2] Historical Context of Silver King - The Silver King mine, discovered in 1875, is one of Arizona's significant historical silver producers, yielding nearly 6 million ounces of silver at grades up to 61 oz/t [3][5] - Historical production included grades as high as 644 oz/t silver and 0.53 oz/t gold from small-scale operations in the late 1990s [3] Strategic Location - The Silver King mine is strategically located only 3 km from the Resolution Copper project, a joint venture recognized as one of the world's largest unmined copper deposits [4] Exploration Potential - The mine has not undergone significant modern exploration, indicating substantial exploration upside and multiple drill targets [6]
Kingsmen Resources Announces Exploration Plans for Las Coloradas and Almoloya Projects Following Fully Funded Financing
TMX Newsfile· 2026-02-17 13:30
Core Viewpoint - Kingsmen Resources Ltd. is advancing exploration programs on its 100% owned Las Coloradas and Almoloya projects in Chihuahua, Mexico, following a successful financing round that fully funds these initiatives [1][2]. Group 1: Las Coloradas High Grade Silver Project - The Las Coloradas project has confirmed shallow, high-grade silver-gold mineralization that remains open in all directions, with multiple large-scale targets yet to be tested [2][5]. - The 2025 drill program intersected high-grade silver and gold mineralization in five holes, with significant results including 1.15 meters at 525 ppm Ag and 0.185 ppm Au in hole LC-25-004 [3][4]. - Upcoming drilling will focus on step-out and deeper drilling around the Soledad and Soledad II vein systems, with approximately 700 meters of the Soledad structure remaining to be tested [5][9]. Group 2: Almoloya Gold/Silver Project - The Almoloya project, located 30 km north of Las Coloradas, includes past-producing mines and shows strong potential for gold-silver discoveries due to its historical production and extensive underground workings [10][11]. - The Cigarrero Mine, part of the Almoloya project, has a history of high-grade production, with approximately 1.25 million tonnes of ore grading 600 g/t Ag, 40% Pb, and 25% Zn [12]. - Kingsmen plans to conduct reconnaissance exploration and diamond drilling on the gold-bearing structures in 2026, focusing on the Juliettas prospect which shows high exploration potential [11][13]. Group 3: Exploration Potential - Both projects are situated in historically productive mining districts with geological similarities to major silver-gold deposits in Mexico, indicating significant untapped potential [14][17]. - The Las Coloradas project covers a historic mining district with numerous previously exploited mines, while the Almoloya project consolidates fragmented claims with extensive historical data available for exploration [15][14]. - New priority drill targets are emerging at the Saddle and Silvia/La Plata zones, highlighting the district-scale discovery potential at Las Coloradas [9][8].
North American Niobium Highlights 0.150% Nb₂O₅ with124.53 ppm Dy₂O₃ from Pegmatite Grab Sample and 0.19% TREO from REE-BearingCarbonatite Outcrop at Seigneurie, Québec
Globenewswire· 2026-02-17 12:30
Core Insights - North American Niobium and Critical Minerals Corp. has reported assay results from its Seigneurie Project in Quebec, indicating promising mineralization of niobium and rare earth elements [1][12]. Phase 1 – Channel Sampling - Phase 1 channel sampling was conducted over 94.5 meters, with a notable 15.0 m composite interval returning 294.39 ppm Nb₂O₅ and 0.039% TREO [4][15]. - The pegmatite system is interpreted to have a strike of approximately N80° with a steep southerly dip, potentially exceeding 150 meters in width [5][10]. Phase 2 – Selective Grab Sampling - Phase 2 involved 109 selective grab samples, expanding coverage to additional pegmatite and carbonatite outcrops [6]. - A high-grade niobium-dysprosium pegmatite grab sample returned 1,502 ppm Nb₂O₅ (0.1502%) and 124.5 ppm Dy₂O₃, alongside a REE-bearing carbonatite outcrop returning 0.19% TREO [2][12]. Geological Interpretation - The geological interpretation suggests that the pegmatite system remains open along strike, width, and depth, with historical drill collars indicating a potentially wider pegmatite intrusion than previously thought [9][10]. - The observed geometry and scale suggest the body may represent either a pegmatite dyke or an intrusion, requiring further validation through drilling [11]. Next Steps - The company is advancing the necessary exploration permits in Quebec to support drilling and target development, with integrated geochemical and structural interpretation underway to prioritize targets for Q1 2026 drilling [13]. Company Overview - North American Niobium and Critical Minerals Corp. focuses on the acquisition and development of critical mineral assets, including niobium and rare earth elements, which are strategically important for energy and defense applications [26].
Meridian Accelerates Post Financing 2026's Field and Corporate Programmes
TMX Newsfile· 2026-02-17 11:30
Core Insights - Meridian Mining plc has successfully closed a CAD 57.5 million financing, enabling the acceleration of various programs to bring the Cabaçal Au-Cu-Ag mine back into production by the end of 2028, pending license approvals [2][3] - The company plans to conduct extensive exploration drilling in 2026, with up to 10,750 meters of diamond drilling across multiple prospects, including Cabaçal, Jauru, and Araputanga Greenstone Belts [2][8] - Meridian is considering a dual listing on the London Stock Exchange to enhance its access to equity capital and target exposure to the UK investment market [2][21] Financing and Production Plans - The recent financing allows Meridian to move beyond the final investment decision for Cabaçal and into early construction works, including ordering long lead items and initiating civil works [3][4] - Initial civil works are planned for the 2026 dry season, with access roads being upgraded to prepare for potential construction start in H1 2027 [4][8] Exploration and Drilling Activities - The 2026 exploration program will focus on testing targets in the Cabaçal mine corridor, as well as conducting field programs on the Jauru and Araputanga Greenstone Belts [8][35] - Recent drill results from the Santa Helena Central area have shown high-grade polymetallic VMS mineralization, with notable intersections including 2.6 meters at 2.4 g/t Au, 1.7% Cu, and 93.2 g/t Ag [8][26] Geochemical and Geophysical Studies - Geochemical reconnaissance has revealed a new gold-in-soil response of 244.9 Au ppm, indicating potential gold mineralization in unexpected locations [5][6] - The company is advancing its geophysical exploration capabilities by ordering drone-based magnetic, radiometric, and Lidar sensors to improve prospect-scale interpretation [10][11] Resource Development and Technical Studies - The Cabaçal Definitive Feasibility Study (DFS) is being advanced, with specifications for long-lead items expected to be finalized by the end of Q1 2026 [4][29] - The Cabaçal project has a projected after-tax NPV of USD 984 million and an IRR of 61.2%, with a low All-in-Sustaining-Cost of USD 742 per ounce gold equivalent [29][30]
Camino Intercepts High-Grade Copper with 83.5m at 0.94% Cu including 7.1m at 2.13% Cu at Los Chapitos, Peru
Accessnewswire· 2026-02-17 11:00
Core Viewpoint - Camino Minerals Corporation announced positive exploration results from Phase 1 of its drilling campaign at the Los Chapitos copper project in Peru, focusing on expanding the known mineralized body and understanding the scale and continuity of the mineralized system [1] Exploration Results - The drilling campaign involved eight drill holes completed along the Diva trend corridor [1] - The primary objective was to target several areas to enhance the understanding of the mineralized system [1]
Clarity Metals Selects Drill Contractor and Prepares to Mobilize at Fecteau Gold Project
TMX Newsfile· 2026-02-17 09:30
Core Viewpoint - Clarity Metals Corp. has secured Technominex as the drilling contractor and project manager for its upcoming drill program at the Fecteau Gold Project, aiming to explore gold and base metal mineralization in the Abitibi region of Quebec [1][3]. Company Overview - Clarity Metals Corp. is a Canadian mineral exploration company focused on acquiring, exploring, and developing precious and base metals projects, with a global exploration mandate [16]. Drilling Program Details - The planned drill program will consist of approximately 3,650 meters of NQ-size diamond core drilling across five target areas [2][4]. - The program includes access road and drill pad preparation, execution of the drilling program, geological logging, core sampling, and coordination of sample analysis through an independent certified assay laboratory [2]. Target Areas - **Fecteau Est**: Follow-up drilling to investigate additional high-grade structures, building on previous results such as 14.91 g/t Au over 1.0m and 5.98 g/t Au with 0.87% Cu over 0.6m [4]. - **SW Target Area**: Testing the southern limb of the Fecteau syncline at the main reverse fault, representing a structurally complex zone with significant exploration potential [5]. - **North Central Target**: Targeting northern-most conductors identified through historical VTEM EM data, aiming to correct previous drilling misalignments [6]. - **Syncline Drill Area**: Focusing on second-order structures interpreted from magnetic data, designed to test downdip continuity of promising structures [7]. - **Buteux-Marceau**: Testing a ~1.2 km conductor and magnetic high, where previous work returned 4.11 g/t Au from a grab sample [8]. Historical Context - The Fecteau Property is located in the Abitibi Greenstone Belt, near significant mining projects, with a total of 17,815 meters drilled since the mid-1970s, averaging only 207 meters in depth, indicating substantial untested potential [9].