Core Viewpoint - Class 1 Nickel and Technologies Ltd. has filed an independent NI 43-101 Technical Report for its Alexo-Dundonald Nickel Project, which includes an updated Mineral Resource Estimate for the Dundonald North Deposit, enhancing the company's resource base and positioning in the nickel market [1][2][3]. Group 1: Technical Report and Resource Estimate - The Technical Report, effective from March 27, 2025, was prepared by Qualified Persons from Aticus Geoscience Consulting Ltd. and Caracle Creek Chile SpA [2]. - The updated Mineral Resource Estimate for the Dundonald North Deposit indicates an inferred resource of 2,500,000 tonnes with a nickel grade of 0.75% and a nickel equivalent grade of 0.80% [5][6]. - The report replaces a previous NI 43-101 technical report from October 2024, reflecting advancements in resource estimation [3][6]. Group 2: Company Strategy and Future Plans - The company aims to expand known mineralization and resources at its four existing nickel sulphide deposits within the Alexo-Dundonald Nickel Sulphide Project [23]. - An exploration program is planned to investigate underexplored areas of the project, guided by recent airborne geophysics and historical drilling [24]. - The company is pursuing a dual strategy to develop both high-grade nickel sulphide resources and large tonnage, low-grade komatiite-hosted deposits [25][26]. Group 3: Project Overview - The Alexo-Dundonald Nickel Sulphide Project covers approximately 3,093 hectares and includes four nickel deposits, with historical production from the Alexo North and South deposits [29]. - The project is located in a folded komatiite-ultramafic rock sequence that has not been systematically explored, indicating potential for resource expansion [29]. - The company plans to commence a Preliminary Economic Assessment (PEA) study to evaluate the best path forward for the project [33].

BISHOP, Calif., May 13, 2025 (GLOBE NEWSWIRE) -- North Bay Resources, Inc. (the “Company” or “North Bay”) (OTC: NBRI) is pleased to announce a resource estimate (non-NI 43-101) for the Bullion Alley Zone at the Company’s Fran Gold Project. The preliminary resource estimate was completed by the Company using Leapfrog Geo + Edge 3D modelling software and diamond drilling data from 2001, 2005, 2006, 2012, and 2018 totaling 18,000 meters (55,000 feet) in 104 holes utilizing block model, with no cut-off: Diagra ...

TORONTO, May 08, 2025 (GLOBE NEWSWIRE) -- Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF) (“Red Pine” or the “Company”) is pleased to announce that it is evaluating the potential of developing an early-stage open pit operation at its Wawa Gold Project, Ontario. Management has initiated a review to assess the viability of near-term, open pit production in the current high-gold price environment, in parallel with its exploration program testing the Jubilee Shear at depth beyond the 2024 Mineral Resource E ...

Core Viewpoint - Newcore Gold Ltd. has reported significant drill results from its ongoing 35,000-metre drill program at the Enchi Gold Project in Ghana, particularly at the Boin Gold Deposit, indicating multiple wide zones of gold mineralization and higher-grade intervals, which suggest strong potential for resource growth [1][4][12]. Drilling Program Overview - The drill program aims to enhance resource growth and convert Inferred Resources to Indicated, with the first phase focused on resource conversion ahead of a Pre-Feasibility Study [2][13]. - A total of 14 Reverse Circulation (RC) holes totaling 2,055 metres have been reported, with all holes intersecting gold mineralization [4][9]. Significant Drill Results - Notable intersections include: - Hole KBRC352: 2.25 g/t Au over 56.0 m from 96 m, with a higher-grade interval of 3.83 g/t Au over 15.0 m from 122 m [5][6]. - Hole KBRC344: 1.16 g/t Au over 72.0 m from 104 m, including 3.06 g/t Au over 10.0 m from 114 m [5][11]. - Additional results from other holes include KBRC355 with 2.13 g/t Au over 29.0 m and KBRC353 with 2.15 g/t Au over 24.0 m [6][10]. Resource Estimate and Potential - The Boin Gold Deposit has an Indicated Mineral Resource of 13.0 million tonnes grading 0.62 g/t Au and an Inferred Mineral Resource of 15.9 million tonnes grading 0.68 g/t Au [15]. - Approximately 40% of the gold-in-soil anomaly at Boin remains untested, indicating further exploration potential [15]. Future Exploration and Development - The ongoing work program includes metallurgical testwork, trenching, hydrogeological testing, and soil sampling to define early-stage targets for future drilling [14][19]. - The drill program is a critical step in advancing the Enchi Gold Project, with the potential for significant resource growth across the district-scale property [13][22].

TORONTO, May 06, 2025 (GLOBE NEWSWIRE) -- Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) (“Lithium Ionic” or the “Company”) is pleased to announce an updated mineral resource estimate (“MRE”) for its 100%-owned Bandeira Lithium Project (“Bandeira” or the “Project”) located in Minas Gerais, Brazil. Bandeira is the Company’s flagship property, located in Brazil’s “Lithium Valley”, a rapidly emerging hard rock lithium district renowned for its significant concentration of lithium-bearing pegmatites. P ...

Core Insights - Osisko Metals has announced new drilling results from the Gaspé Copper Project, confirming the potential for resource expansion both at depth and to the south of the current deposit [1][4][10] Drilling Results - Drill hole 30-1065 intersected 323.0 metres averaging 0.43% Cu and 3.18 g/t Ag, with a higher-grade section of 13.3 metres averaging 2.50% Cu and 17.8 g/t Ag [5] - Drill hole 30-1061 extended mineralization to a vertical depth of 712 metres, with significant intersections of 172.5 metres averaging 0.18% Cu and 1.52 g/t Ag, and 215.5 metres averaging 0.31% Cu and 2.67 g/t Ag [5] - Drill hole 30-1064 extended mineralization to a vertical depth of 618 metres, with intersections of 164.7 metres averaging 0.26% Cu and 1.94 g/t Ag [5] - Drill hole 30-1067, located 215 metres south of the 2024 MRE model, intersected 136.8 metres averaging 0.32% Cu and 3.18 g/t Ag, indicating that mineralization remains open to the south [5][6] Geological Insights - The new drilling results support a revised geological model, with mineralization occurring as disseminations and veinlets of chalcopyrite, primarily controlled stratigraphically [7][9] - The current drilling program aims to convert the November 2024 Mineral Resource Estimate (MRE) to Measured and Indicated categories and to explore deeper stratigraphy [11][10] Resource Estimates - The Gaspé Copper Project currently has Indicated Mineral Resources of 824 million tonnes averaging 0.34% CuEq and Inferred Mineral Resources of 670 million tonnes averaging 0.38% CuEq [16] - The project hosts the largest undeveloped copper resource in eastern North America, strategically located near existing infrastructure [16]

Core Viewpoint - Altamira Gold Corp. has announced a maiden mineral resource estimate for the Maria Bonita porphyry gold deposit, which significantly enhances the company's resource base and presents opportunities for further exploration and resource expansion [1][2]. Group 1: Resource Estimate Details - The maiden open-pit resource includes total Indicated Resources of 24.19 million tonnes (Mt) at 0.46 grams per tonne (g/t) gold, equating to 357,800 ounces (oz), and Total Inferred Resources of 25.64 Mt at 0.44 g/t gold, totaling 362,400 oz [5][13]. - Near-surface saprolite Indicated Resources are 2.02 Mt at 0.59 g/t gold (38,000 oz), while Inferred Resources are 0.68 Mt at 0.40 g/t gold (8,700 oz) [5][14]. - A higher grade near-surface resource at a 0.5 g/t gold cut-off comprises Indicated Resources of 7.56 Mt at 0.72 g/t gold (176,250 oz) and Inferred Resources of 5.18 Mt at 0.92 g/t gold (152,940 oz) [5][14]. Group 2: Project Location and Accessibility - The Cajueiro project is located approximately 75 km northwest of Alta Floresta in the state of Mato Grosso, Brazil, and is easily accessible by road, situated on open farmland with grid power and a local water supply [3]. Group 3: Future Exploration Plans - The company plans to mobilize a drill rig shortly to continue testing the extensions of the Maria Bonita mineralization and explore the other eight identified porphyry-related targets within the Cajueiro district [2][17]. - The Cajueiro project currently has a total of nine porphyry gold targets identified, indicating significant potential for further discoveries and resource expansion [5][17]. Group 4: Technical and Estimation Methodology - The maiden mineral resource estimate was completed by VMG Consultoria e Soluções Ltda, based on drilling conducted by Altamira between August 2022 and April 2024, involving 31 diamond drill holes totaling 4,710 meters [8][21]. - The resource estimations utilized a gold price of US$2,780 per ounce and were calculated using a block model interpolated by the Ordinary Kriging method [9][15].

TORONTO, April 30, 2025 (GLOBE NEWSWIRE) -- Emerita Resources Corp. (TSX – V: EMO; OTCQB: EMOTF; FSE: LLJA) (the “Company” or “Emerita”) reports that it has filed the independent NI 43-101 compliant technical report for its Iberian Belt West Project (“IBW” or the “Project”) in Andalusia, Spain, supporting the updated Mineral Resource Estimate (“MRE”) for the Project announced on March 17, 2025. The technical report, titled “NI 43-101 Technical Report on the Iberian Belt West Project, Spain” was prepared by ...

Project Overview - Buckreef Gold Project is expanding in Tanzania, featuring a low-risk, high-margin open-pit gold mining operation[11] - The project has a multi-million ounce gold resource within a 16 km2 license area[11] - A 2025 PEA outlines an underground expansion with average annual production of approximately 62,000 oz Au over 17.6 years[11] - The PEA projects an NPV 5% of US$1,181 million pre-tax and US$766 million after-tax at a gold price of US$3,000/oz[11] Financial Performance and Growth - F2024 annual production reached 19,389 oz Au, with revenue of $41.2 million and adjusted EBITDA of $15.3 million[10] - Q2 2025 revenue was $9.1 million, a 14% year-over-year increase, and operating cash flow was $2.0 million, a 100% year-over-year increase[28] - The company completed a mill expansion to 2,000 tpd, supporting increased future annual production[21] Resource Estimate and Exploration - The 2025 Mineral Resource estimate includes 893,000 oz of gold in Measured & Indicated Resources and 726,000 oz in Inferred Resources[19] - Ongoing drilling of high-priority gold zones aims to increase the mineral resource[16] - The discovery of the new Stamford Bridge Shear Zone shows geology similar to Buckreef Main[55] - Best drill results ever include BMDD315 intersecting 37 m @ 6.86 g/t Au (253.82 gtm) from 130 m and BMDD310 intersecting 35.5 m @ 5.48 g/t Au (194.54 gtm) from 64 m[59] PEA Key Metrics - The PEA projects average annual gold production of 61,700 ounces[44] - LOM average cash costs are estimated at $1,017 US$/oz, and AISC at $1,199 US$/oz[44] - Growth capital over the first 4 years is projected at $88.7 million[44]

Core Insights - New Found Gold Corp. has provided an overview and plans for the Queensway Gold Project, including the filing of a technical report for the initial mineral resource estimate [1][29] - The company is advancing towards a preliminary economic assessment (PEA) scheduled for completion in late Q2/25, with a focus on exploring additional discoveries [3][29] Project Highlights - The Queensway Gold Project is located in a Tier 1 jurisdiction with favorable mining conditions, including access to infrastructure and a skilled workforce [5] - The initial mineral resource estimate includes 18.0 million tonnes grading 2.40 grams per tonne (g/t) gold, totaling 1.39 million ounces (Moz) in the indicated category, and 10.7 million tonnes grading 1.77 g/t gold, totaling 0.61 Moz in the inferred category [5][9] - High-grade veins are exposed at the surface, with 73% of the ounces contained in 24% of the tonnage within the mineral resource pit shells [5] Future Plans - A fully funded PEA is underway, with a planned release in late Q2/25 [6] - A 2025 drill campaign is being planned to start in mid Q2/25, focusing on resource conversion and exploration for additional major deposits along the 110 km strike extent of the project [6] - Bulk sampling is planned to commence in H1/26 to confirm grade continuity and validate the resource model [6] Technical Report and Resource Estimate - The technical report was prepared by SLR Consulting in accordance with Canadian standards and has been filed under the company's profile [7][29] - The current mineral resource estimate as of March 15, 2025, shows a total of 18.0 million tonnes indicated and 10.7 million tonnes inferred, with respective grades and contained metal detailed in the report [9][10] Data Verification and Quality Control - The data used in the mineral resource estimate is supported by quality assurance and quality control procedures, ensuring the reliability of the assay database [19][23] - An independent Qualified Person has reviewed the sampling, analytical methods, and QA/QC program, confirming they meet industry standards [21][25]