Core Viewpoint - Q-Gold Resources Ltd. has engaged FHB Consulting Services LLC to conduct an updated review of the historical mineral resource estimates for the Quartz Mountain Project in Oregon, which the company plans to acquire [1][8]. Group 1: Acquisition and Consulting Engagement - The company intends to acquire the Quartz Mountain Project through a share exchange agreement dated March 31, 2025 [1]. - FHB Consulting will perform a comprehensive revision of previous mineral resource estimates, originally completed in 2012 and updated in 2016 [2]. - The updated resource estimate will include data from boreholes drilled by Alamos Gold Inc. in 2015 and historical drilling data from earlier exploration campaigns [3]. Group 2: Current Resource Estimates - The current mineral resource estimates for the Quartz Mountain Project are as follows: - Measured and Indicated Mineral Resources: 12,156,000 tonnes at a grade of 0.87 g/t Au, totaling 339,000 ounces of gold - Inferred Resources: 39,205,000 tonnes at a grade of 0.91 g/t Au, totaling 1,147,000 ounces of gold [5][10]. Group 3: Project Potential and Future Plans - The company believes the Quartz Mountain Project has significant exploration potential, particularly in the Crone Hill and Quartz Butte deposits [11]. - Q-Gold aims to leverage modern exploration techniques to enhance shareholder value and unlock the potential of the project [8][9].

Core Insights - Radisson Mining Resources Inc. reported high-grade gold drill intercepts from its O'Brien Gold Project, including 89.36 g/t Au over 3.7 metres and 60.75 g/t Au over 2.1 metres, marking the highest grades achieved to date beneath the historic mine [1][4][6] Group 1: Drill Results - Four new wedge drill holes (OB-25-337W4 to W7) were completed from the pilot hole OB-24-337, which is the deepest hole drilled at the project, revealing multiple high-grade gold intercepts [2][6] - Notable intercepts include: - OB-25-337W7: 89.36 g/t Au over 3.7 metres, including 293.0 g/t Au over 1.1 metres [4] - OB-25-337W5: 47.70 g/t Au over 1.0 metre and 5.25 g/t Au over 4.0 metres [4] - OB-25-337W6: 6.45 g/t Au over 3.5 metres, including 18.80 g/t Au over 1.0 metre [4] - OB-25-370: 4.32 g/t Au over 6.5 metres, including 10.49 g/t Au over 2.1 metres [4] - OB-25-372: 7.05 g/t Au over 2.5 metres, including 15.95 g/t Au over 1.0 metre [4] Group 2: Project Development - The ongoing drilling program aims to delineate high-grade gold-bearing veins over a large area, with up to six mineralized zones identified at depths of 500 metres below the historic mine [6][12] - The project has estimated Indicated Mineral Resources of 0.58 million ounces at 8.2 g/t Au and Inferred Mineral Resources of 0.93 million ounces at 4.4 g/t Au [14][18] - The Preliminary Economic Assessment indicates a low-cost, high-value project with an 11-year mine life and significant upside potential [18] Group 3: Geological Context - Gold mineralization at the O'Brien project occurs within quartz-sulphide veins associated with mafic volcanic rocks and conglomerates, typically linked to shearing and biotite alteration [9][10] - The historic O'Brien mine produced over half a million ounces of gold at an average grade exceeding 15 g/t Au, indicating the potential for high-grade mineralization in the current exploration [11][12]

Core Viewpoint - Aldebaran Resources Inc. has reported positive results from its in-fill drilling program at the Altar project in San Juan, Argentina, aimed at upgrading resource classifications from Inferred to Measured & Indicated [1][3]. Drilling Results - The drilling program included 11 holes, with significant results such as: - ALDE-25-038EXT: 578.00 m of 0.51% CuEq from 372.00 m depth [2][5]. - ALDE-25-135EXT: 383.40 m of 0.47% CuEq from 476.00 m depth, including 81.00 m of 0.62% CuEq from 751.00 m depth [3][5]. - ALDE-25-118EXT: 557.00 m of 0.39% CuEq from 352.00 m depth [2][6]. Project Update - The 2024/2025 field campaign has concluded with a total of 25,186.70 m of drilling completed, marking the largest drilling campaign since Aldebaran took over the project in 2018 [7]. - The drilling included 5,977.50 m for metallurgical purposes, and downhole televiewer surveys were conducted for geotechnical data [7]. Management Commentary - The CEO, John Black, emphasized that the results confirm the continuity of known mineralization and will add significant value as the company transitions from a Preliminary Economic Assessment (PEA) to a Pre-Feasibility Study (PFS) in 2026 [3]. - The Chief Geological Officer, Kevin B. Heather, noted that the drilling aims to convert a large portion of inferred resource blocks to measured and indicated categories, enhancing the project's resource confidence [3]. Technical Data - The reported intervals represent true thickness of mineralization, with CuEq values calculated using copper, gold, silver, and molybdenum prices [4][6]. - The sampling and analytical procedures follow rigorous industry standards, ensuring data quality through the use of certified control standards [12]. Company Background - Aldebaran Resources Inc. holds an 80% interest in the Altar copper-gold project, which is part of a cluster of world-class porphyry copper deposits in Argentina [10]. - The company was spun out of Regulus Resources Inc. in 2018 and has the same core management team [10].

Core Viewpoint - NexGold Mining Corp. is progressing well with its 25,000-metre diamond drill program at the Goldboro Project in Nova Scotia, aimed at improving geological and grade continuity of the open pit Mineral Resource [1][4] Drilling Program Update - The drill program, initiated on January 22, 2025, is nearing completion, with final assays expected by mid-Q3 2025 [1] - Currently, 31 drill holes, approximately 24% of the total, have been released, showing consistent gold mineralization with additional intersections in previously unpredicted areas [3][4] Assay Results - Recent assay results from 18 infill diamond drill holes total 2,775.3 metres, primarily from the proposed west pit [2] - Selected drill intersections include: - 25.79 g/t gold over 4.5 metres in hole BR-25-522, including 227.0 g/t over 0.5 metres [5] - 18.10 g/t gold over 3.0 metres in hole BR-25-489, including 52.57 g/t over 1.0 metre [5] - 2.27 g/t gold over 11.35 metres in hole BR-25-491 [5] Geological Model and Resource Estimate - The results confirm the existing geological model while indicating the need for adjustments to mineralized solids based on local variations [4] - The data will contribute to a new Mineral Resource Model, which will be the basis for a planned Feasibility Study Update later in 2025 [4][3] Company Overview - NexGold Mining Corp. focuses on gold mining with assets in Canada and Alaska, including the Goldboro Gold Project and the Goliath Gold Complex [17] - The company emphasizes sustainable practices and community engagement throughout its project lifecycle [17]

Core Viewpoint - Aura Minerals Inc. has filed a preliminary economic assessment (PEA) for its wholly owned Era Dorada Project, previously known as the Cerro Blanco Project, indicating strong economic potential for the underground mining operation [1][3]. Group 1: Project Overview - The Era Dorada Project is located in Jutiapa, Guatemala, approximately 160 km from Guatemala City and 9 km from the El Salvador border, covering an area of 15.25 km² [4]. - The project is accessible year-round via the Pan-American Highway and is situated in a tropical dry forest climate with elevations between 450–560 meters above sea level [5]. Group 2: Economic Assessment Highlights - The PEA estimates a capital expenditure (Capex) of US$264 million, an after-tax net present value (NPV) of US$485 million, and an unleveraged after-tax internal rate of return (IRR) of 24% based on a gold price of US$2,410 per ounce [3][6]. - The project anticipates total production of approximately 1.4 million ounces of gold over a 17-year life of mine, with an average production of 91,000 ounces in the first four years [6]. Group 3: Mineral Resource Estimates - Indicated mineral resources are estimated at 1.9 million ounces of gold, based on 6.35 million tonnes at a grade of 9.31 grams per tonne [6][18]. - The project has a total initial implementation Capex of approximately US$264 million, with a payback period of about 3.5 years after operations commence [6]. Group 4: Historical Context and Development - The Era Dorada Project was initially identified by Mar-West in 1998 and has undergone extensive exploration and development by various companies, including Goldcorp and Bluestone Resources [10][8]. - As of the end of 2021, Bluestone had drilled approximately 267 holes totaling 45,725 meters on the property since acquiring it from Goldcorp [10]. Group 5: Environmental and Social Considerations - Aura is committed to collaborating with local authorities and government agencies to ensure that the Era Dorada Project meets high environmental and social standards under its Aura 360 culture [3][22].

Canterra Minerals Intersects 68 metres of 1.0% CuEq from Surface at the Buchans Project, Newfoundland June 03, 2025 7:00 AM EDT | Source: Canterra Minerals Corporation Vancouver, British Columbia--(Newsfile Corp. - June 3, 2025) - Canterra Minerals Corporation (TSXV: CTM) (OTCQB: CTMCF) (FSE: DXZB) ("Canterra" or the "Company") is pleased to announce additional drilling results from its ongoing 10,000 metre ("m") drill program at its 100% owned Buchans Project in the Central Newfoundland Mining District, lo ...

Core Insights - Koryx Copper Inc. announced positive assay results from 12 drill holes totaling 3,603 meters as part of the Phase 2 drill program for the Haib Copper Project in Namibia, indicating the project's potential for copper production through conventional methods and heap leaching [2][3][30] Group 1: Drill Program and Results - The company has completed 29 out of a planned 37 drill holes in Phase 2, totaling 8,647 meters of diamond drilling [4] - Significant results include high copper grades in several drill holes, such as HM62 with 572 meters at 0.33% Cu and HM51 with 112 meters at 0.32% Cu [4][21] - The drilling program is expected to accelerate with the arrival of additional drill rigs in the coming weeks, enhancing the drilling rate for the second half of 2025 [3][4] Group 2: Geological and Technical Developments - Ongoing work includes the development of an updated geological model to improve mineral resource estimation, which will incorporate new insights from recent drilling [4][20] - The company is making progress on metallurgical testwork and ancillary studies related to infrastructure, environmental considerations, and permitting [3][4] - A revised geological model is being developed to enhance the identification of higher-grade areas and improve overall resource estimates [20] Group 3: Future Plans and Objectives - The company aims to complete 28,000 meters of drilling by the end of 2025, with the final Phase 4 infill drilling program scheduled to begin in Q2 2026 [17] - Key objectives include targeting higher-grade areas, performing multi-element assays for byproducts, and improving geological modeling [18][19] - The Haib project is positioned as a potential long-life, low-cost copper project with additional copper production possibilities from heap leaching [30][31]

Core Viewpoint - Besra Gold Inc. is addressing misleading information presented by Quantum Metal Bullion Pty Ltd, which includes unauthorized claims about the company's operations and management [1][2][3]. Company Operations - The unauthorized presentation falsely claims that Besra has ongoing mining operations and significantly overstates the quantity of gold reserves, stating "Proven Gold Reserves" that are not accurate [3]. - Besra has established a JORC compliant mineral resource of approximately 13.5 million tonnes at 1.7 g/t Au for 721,000 ounces of gold in the Jugan Gold Project and approximately 57 million tonnes at 1.4 g/t Au for 2.6 million ounces of gold in the Bau Project [4]. Management and Governance - Dato Lim Khong Soon, a director of Besra, has been associated with the unauthorized presentation, leading to the company's decision to call a special meeting to remove him as a director [10][11]. - The company has made efforts to prevent unauthorized statements from Quantum Metal, but these efforts have not stopped the dissemination of misleading information [9]. Investor Communication - Besra emphasizes that it has not authorized any offers related to a "gold contract note device" or any bonus share offers linked to Quantum Metal [5][8]. - The company advises shareholders and investors to disregard the information presented by Quantum Metal regarding Besra and its operations [3][8].

Core Insights - Cygnus Metals Limited has reported significant high-grade gold mineralization at the Golden Eye prospect within the Chibougamau Copper-Gold Project in Quebec, with the best intercepts to date being 60.8g/t AuEq over 0.4m, including 51.3g/t Au, 7.2% Cu, and 18.0g/t Ag [1][6][13] - The results indicate the potential for valuable resource growth, with additional assay results expected soon from ongoing drilling [5][9][10] Drilling Results - Recent drilling results include: - 7.4m @ 5.7g/t AuEq (4.6g/t Au, 0.9% Cu, 5.6g/t Ag) from 405.6m, with a notable interval of 3.1m @ 9.6g/t AuEq [6][13] - 2.9m @ 10.2g/t AuEq (8.3g/t Au, 1.4% Cu, 3.3g/t Ag) from 463.8m, including the high-grade 0.4m @ 60.8g/t AuEq [6][13] - Historical drilling has shown significant intersections, such as 5.9m @ 34.1g/t AuEq and 4.5m @ 21.6g/t AuEq, indicating a strong potential for resource estimation [7][14] Project Development - The Golden Eye prospect is strategically located 3km from Cygnus' central processing plant, with existing dual ramp access within 150m of the mineralization [8][10] - Cygnus plans to compile new drilling results with historical data from 77 holes totaling 21,371m to complete an initial Mineral Resource Estimate for Golden Eye [10][15] Historical Context - The Chibougamau district has a rich history of gold and copper production, with over 3.5 million ounces of gold produced historically at an average grade of 2.1g/t Au [11][12] - Golden Eye has never been mined and was last drilled in the early 1990s when gold prices were significantly lower [6][10] Future Outlook - Cygnus aims to leverage ongoing exploration and data compilation to identify additional drill targets and enhance resource growth, focusing on low-risk brownfield exploration [15][12] - The company is positioned to benefit from historically high gold prices, making Golden Eye a potential growth driver [8][9]

TORONTO, May 06, 2025 (GLOBE NEWSWIRE) -- Centerra Gold Inc. ("Centerra" or the "Company") (TSX: CG) (NYSE: CGAU) announces an updated mineral resource at Kemess, which includes results from the 2024 drilling campaign, and outlines a plan to advance studies on the project. In 2024, Centerra completed over 11,400 meters of core drilling for exploration, geotechnical, and metallurgical testing purposes. Those results have been included in the updated mineral resource as of April 15, 2025. Gold mineral resourc ...