Pan American Energy begins integrating historical and recent drilling data to support NI 43-101 technical disclosureCALGARY, Alberta, Jan. 27, 2026 (GLOBE NEWSWIRE) -- Pan American Energy Corp. (CSE: PNRG | OTC: PAANF | FRA: SS6) (“Pan American” or the “Company”) is pleased to announce that it has initiated work to prepare a mineral resource estimate (the “MRE”) for the Company’s Big Mack Project in Ontario, Canada, in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ...

Core Viewpoint - Nova Minerals Limited has secured US$43.4 million in non-dilutive funding from the U.S. Department of War to develop a domestic antimony supply chain, which will enhance its position as a U.S. producer of military-grade antimony and support its gold exploration activities in Alaska [3][10][29]. Funding and Financial Position - The US$43.4 million funding will fully finance the establishment of antimony production at the Estelle Project, significantly strengthening the company's balance sheet [10]. - As of the end of December 2025, the company had access to over A$106 million in funding, including A$59.2 million in cash and US$30.4 million remaining from the Department of War award [25]. Antimony Production Initiatives - The company is progressing with the procurement of key mining and processing equipment for antimony production, with delivery expected in early 2026 [4][17]. - Nova has secured industrial-zoned land and is advancing permitting for a proposed antimony refinery at Port Mackenzie, targeting first production by late 2026 to early 2027 [4][13]. Gold Asset Development - Nova is advancing one of the largest undeveloped gold deposits globally, with over 20 prospects and four defined multi-million-ounce gold deposits [5][29]. - The 2025 drilling program at RPM North and RPM Valley has been completed, with results expected to support an updated Mineral Resource Estimate [6][7]. Drilling Results - Drilling at RPM North revealed broad near-surface gold intersections, including a significant new eastern discovery, while RPM Valley returned multiple intercepts greater than 1 g/t Au, confirming continuity of mineralization [7][8]. - Additional drill results will be incorporated into an updated Mineral Resource Estimate following quality assurance and control procedures [9]. Infrastructure Development - Nova secured a land use permit for an antimony refinery at Port MacKenzie, which supports the development of a U.S. critical minerals hub [15][16]. - The proposed refinery site is strategically aligned with ongoing regional development projects, enhancing the potential for rapid development [16]. Corporate Actions - In October 2025, the company completed a 5-for-1 forward split of its Nasdaq-listed American Depository Shares to enhance trading liquidity [25]. - A capital raise in December 2025 generated approximately US$20 million to support exploration and feasibility work [25].

Core Viewpoint - McEwen Inc. announces significant drill results from the Gold Bar Mine Complex in Nevada, indicating the potential for a long-life operation and plans to double production by 2030 [1]. Group 1: Drill Results - The best hole drilled to date at Windfall returned 5.55 grams per tonne (gpt) gold over 44.2 meters, including 48.38 gpt gold over 4.6 meters of oxide mineralization [2]. - Other notable drill results include 2.43 gpt gold over 74.7 meters (hole WF039), 1.70 gpt gold over 64.0 meters (hole WF037), and 1.14 gpt gold over 67.1 meters (hole WF119) [2]. - A historical hole approximately 40 meters below the recent results returned 3.75 gpt gold over 42.7 meters, suggesting potential for deeper mineralization expansion [2]. Group 2: Mineral Resource Estimates - The Company is completing a Mineral Resource Estimate for Lookout Mountain, expected to be published at the end of February, which is anticipated to significantly increase total ounces at the Gold Bar Mine Complex [6]. - An investment of approximately $10 million is planned for exploration in 2026 at Gold Bar, with results from the drilling program expected to positively impact Mineral Resource Estimates for Windfall and Unity Ridge [6]. Group 3: Development Plans - Ongoing development work in 2026 will focus on Windfall, Lookout Mountain, and Unity Ridge, including metallurgical studies and mining designs to advance these deposits towards production [8]. - Unity Ridge is within the current Plan of Operations for mining activity, and Windfall is located on private land, which may expedite the permitting process [8]. Group 4: Strategic Importance - The objective at the Gold Bar Mine Complex is to convert exploration success into a long-life asset by integrating Windfall, Lookout Mountain, and Unity Ridge into production plans [9]. - The focus is on maximizing return on capital and efficiently developing and producing new gold ounces, leveraging existing Gold Bar infrastructure where possible [9].

Core Viewpoint - Allied Critical Metals Inc. is launching a 20,000 meter drilling campaign at its Borralha Tungsten Project in Portugal, aimed at expanding high-grade tungsten mineralization and supporting economic studies [1][2]. Program Details & Objectives - The 2026 drilling program will include approximately 20,000 meters of core and reverse circulation drilling across multiple target zones within the Borralha property [2][8]. - The campaign will focus on expanding and upgrading the current Mineral Resource Estimate (MRE), testing extensions of the Santa Helena Breccia, and collecting material for advanced metallurgical test work [7][8]. - The program aims to generate data to support the anticipated Preliminary Economic Assessment (PEA) targeted for completion in Q1 2026 [7][8]. Strategic Importance - Tungsten is classified as a strategic critical material in the European Union and the United States, highlighting the importance of advancing the Borralha Project [2]. - The Borralha Project is considered one of the most compelling untapped tungsten assets in Western Europe, with confirmed bulk mineralization and higher-grade corridors suitable for future underground extraction [2][10]. Regulatory and Development Progress - The company has received key regulatory milestones that allow for the advancement of the Borralha Project through detailed engineering and permitting phases [3]. - Continued progress is anticipated alongside the 2026 drill campaign [3]. Market Context - The tungsten market is estimated to be valued at approximately USD 5 to 6 billion, with significant applications in defense, manufacturing, and energy sectors [11]. - Currently, China, Russia, and North Korea account for about 87% of the total global supply and reserves of tungsten [11].

Core Viewpoint - ONGold Resources Ltd. has engaged SRK Consulting to prepare an updated mineral resource estimate for gold and tungsten at the Monument Bay project, highlighting significant exploration potential and resource expansion opportunities [1][5][6]. Group 1: Project Overview - The Monument Bay project is located in northeastern Manitoba and features a 4.2 km strike length along the Twin Lakes Shear Zone, with over 233,000 meters drilled across more than 800 diamond core holes [1][3]. - Historical estimates indicate approximately 2.3 million gold ounces in the "Measured" and "Indicated" categories and 720,000 gold ounces in the "Inferred" category, based on a gold price of US$1,200 per ounce [3][15]. Group 2: Exploration and Drilling Activities - The main deposit has been tested by 615 holes totaling 172,147 meters, with significant potential for resource expansion as it remains open at depth and largely untested below 300 meters [2][5]. - A total of 41 drill holes were relogged in 2025, with additional drilling currently underway, including 59 historical drill holes totaling 18,000 meters not previously integrated into resource estimates [4][5]. Group 3: Assay Results and Resource Assessment - Recent assay results from the 2025 summer program show notable gold grades, including 14.59 g/t Au over 9.60 meters in the Lake Shoot and 1.94 g/t Au over 14.14 meters in the Simmons Shoot [4][10]. - The updated resource estimate will incorporate missing historical tungsten and gold assay results, enhancing the overall geological understanding of the deposit [5][6]. Group 4: Market Context and Economic Outlook - The current gold price exceeds US$4,800 per ounce, significantly improving the economic outlook for the Monument Bay project, especially with tungsten's designation as a critical mineral by multiple governments [5][8]. - The demand for tungsten is driven by ongoing geopolitical tensions, industrial manufacturing needs, and the clean energy transition, with over 80% of the world's tungsten supply sourced from China [11][8]. Group 5: Company Background - ONGold Resources Ltd. holds significant exploration assets in Northern Ontario and Manitoba, including the Monument Bay Gold-Tungsten Project, which is positioned in one of Canada's most prolific gold-producing regions [27].

Thunder Bay, Ontario--(Newsfile Corp. - January 26, 2026) - Thunder Gold Corp. (TSXV: TGOL) (FSE: Z25) (OTCQB: TGOLF) ("Thunder Gold" or the "Company") is pleased to announce results of the Mineral Resource Estimate ("MRE") at its 100%-owned, 2,500-hectare, Tower Mountain Gold Property, located 40 kilometres from the port city of Thunder Bay, Ontario.Key Highlights:Indicated Resource of 34.5 million tonnes averaging 0.46 g/t Au (514,000 oz. Au);Inferred Resource of 211.1 million tonnes averaging 0.45 g/t A ...

Core Viewpoint - Thor Explorations Ltd. has announced the results of its Pre-Feasibility Study (PFS) for the Douta Gold Project in Senegal, confirming it as a robust, long-life gold project with strong economics and significant potential for resource expansion [2][3]. PFS Highlights - The pre-tax NPV5% of the project is estimated at US$908 million with an IRR of 73% based on a long-term gold price of US$3,500/oz [6]. - The post-tax NPV5% is US$633 million with an IRR of 61% under the same gold price assumption [6]. - The project anticipates gold production of 411,000 ounces in the first four years at an all-in sustaining cost (AISC) of US$1,493/oz, generating a pre-tax cash flow of US$814 million [6]. - At a higher gold price of US$4,250/oz, the pre-tax NPV5% increases to US$1.43 billion with an IRR of 102% [6][8]. - The project has a low initial capital cost of US$254 million and a life of mine AISC of approximately US$1,890/oz [6]. Mineral Resource Estimate (MRE) Highlights - The updated MRE includes an Indicated Mineral Resource of 50.6 million tonnes at an average grade of 1.04 g/t Au, containing 1.7 million ounces of gold [15][32]. - An Inferred Mineral Resource of 9.3 million tonnes at an average grade of 0.92 g/t Au, containing 273,000 ounces of gold, has also been reported [15][32]. - The MRE supports a Probable Reserve of 36.6 million tonnes at an average grade of 1.03 g/t Au, containing 1.2 million ounces of gold [15][31]. Project Development and Next Steps - The project is fully funded from the company's cash reserves and project financing, with no expected shareholder dilution [12]. - The Ministry of Environment approved the Environmental and Social Impact Assessment (ESIA) in January 2026 [6][77]. - Next steps include finalizing the Mining Convention with the Government of Senegal and commencing detailed design and procurement in H1 2026 [6][79]. Production Profile - The project will have a two-phase production profile, with the Oxide Ore Phase producing approximately 413,000 ounces in the first four years and the Primary Ore Phase continuing for an additional 7.8 years [23][25]. - The average annual production during the Oxide Ore Phase is projected to be over 111,000 ounces at an AISC of US$1,469/oz [8][25]. Financial Overview - The total capital cost for the life of the mine is estimated at US$376.8 million, including initial and sustaining capital costs [80]. - The project is expected to achieve payback of the initial capital within 11 months from the start of processing [6].

Core Viewpoint Orosur Mining Inc. has reported its unaudited financial results for the quarter ending November 30, 2025, highlighting significant operational developments in Colombia and Argentina, alongside a notable increase in cash reserves. Operational Highlights - Infill drilling at the Pepas gold prospect in Colombia is ongoing, aimed at achieving a NI43-101 compliant Mineral Resource Estimate (MRE), expected by the end of January 2026. Drilling results have confirmed the high-grade mineralization of the Pepas deposit [3]. - A large-scale soil geochemical survey at El Cedro, located 10 km south of Pepas, has identified a substantial gold-bearing system with assays exceeding 1g/t Au [3]. - A second porphyry system has been identified south of El Cedro through new geochemical data analysis combined with historical mapping and airborne geophysical data [4]. - In Argentina, the company has acquired a 51% interest in Deseado Dorado S.A.S, which owns the El Pantano Project. A Phase 2 joint venture will lead to 100% ownership upon an additional investment of US$2 million, with a 3,000-meter drill program already underway [4]. - The initial drilling at El Pantano has confirmed the presence of a low sulphidation epithermal mineral system, with further assay results pending [4]. - The company has decided to withdraw from its lithium project in Nigeria to prioritize capital and human resources, with the investment in Nigeria fully impaired as of May 31, 2025 [4]. Financial Highlights - As of November 30, 2025, the company reported a cash balance of US$16,280,000, a significant increase from US$4,877,000 on May 31, 2025 [7]. - The company completed a brokered private placement on October 2, 2025, raising CAD$20 million through the issuance of common shares, which was oversubscribed [7]. - The total assets increased to US$23,593,000 from US$9,489,000, while total liabilities decreased to US$4,884,000 from US$12,858,000 [6]. - The net loss for the period was reported at US$4,543,000, compared to a net income of US$1,870,000 in the same period last year [8].

Core Insights - Kodiak Copper Corp. has filed an independent technical report on its MPD copper-gold project, supporting the initial Mineral Resource estimate [1][2] Mineral Resource Estimate - The initial Mineral Resource estimate (MRE) includes seven deposits: West, Adit, South, Gate, Ketchan, Man, and Dillard [2] - Total Indicated Mineral Resource is 82.9 million tonnes (Mt) grading 0.39% copper equivalent (CuEq), equating to 519 million pounds (Mlb) of copper and 0.39 million ounces (Moz) of gold [2][3] - Total Inferred Mineral Resource is 356.3 million tonnes (Mt) grading 0.32% CuEq, which corresponds to 1,889 million pounds (Mlb) of copper and 1.28 million ounces (Moz) of gold [2][3] - The MRE is defined using a cut-off grade of 0.2% CuEq, with sensitivity cases indicating higher tonnages and metal contents at lower cut-off grades [2][12] Future Plans and Exploration - Kodiak plans to focus on resource growth in 2026, including testing underexplored targets on the MPD property [2][16] - Key upcoming activities include metallurgical test results, soil results, resource expansion drilling, and exploration drilling starting in Q2 2026 [16] Technical Details - The effective date for the reported MRE is December 9, 2025 [3] - The MRE was prepared in accordance with National Instrument 43-101 standards, with contributions from independent Qualified Persons [17][18] Market Context - Kodiak Copper is advancing its copper porphyry projects in Canada and the USA, with the MPD project located in a well-established mining region [20] - The project exhibits characteristics of a large, multi-centered porphyry district, indicating potential for future economic development [20]

Core Viewpoint - Emperor Metals Inc. has successfully renewed its option on the Duquesne West property, indicating strong progress in its exploration efforts and confidence in the potential for increased gold resources [1][2]. Financial and Operational Summary - The option renewal for 2026 included a cash payment of $1,000,000 and the issuance of 3,263,133 common shares valued at $600,000 based on a 20-day volume weighted average price [1]. - The company has approximately $11.1 million in working capital, positioning it well for a focused exploration program [2]. - A diamond drilling campaign of 10,000 to 15,000 meters is set to commence at the Duquesne West Gold Project as part of the 2025 to 2026 winter exploration season [2]. Resource and Exploration Insights - The Maiden Mineral Resource Estimate (MMRE) released on July 9, 2025, more than doubled the historical resource estimate, now indicating an inferred mineral resource of 26.9 million tonnes containing 1.460 million ounces of gold at an average grade of 1.69 grams per metric ton [5]. - The project is strategically located along the Porcupine-Destor Fault, with the recent MMRE identifying multiple high-priority targets for exploration [4]. - Historical drill core exceeding 8,000 meters will be assayed, which is expected to uncover additional gold ounces and improve project economics by potentially reducing strip ratios [3].