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Falcon Gold Expands District-Scale Land Position Bridging the Crippleback Trend and Stony Lake Caldera
Prnewswire· 2025-11-07 16:57
Core Insights - Falcon Gold Corp. has acquired 689 mineral claims totaling 17,225 hectares in Central Newfoundland, enhancing its position in a highly prospective gold corridor within the Victoria Lake Shear Zone [1][6] - The acquisition connects two active gold trends, namely Sokoman Minerals' Crippleback Lake Trend to the west and Benton Resources' Stony Lake Caldera to the east, positioning Falcon strategically in an underexplored section of the Central Newfoundland gold belt [2][5] Acquisition Details - The newly acquired land secures a district-scale platform for systematic exploration and potential discovery, with multiple high-priority targets identified through geological and magnetic analysis [3][6] - The corridor lies along the Valentine Lake Fault system, known for hosting the Valentine Gold Mine, indicating a proven gold-bearing trend [5] Immediate Work Program - Falcon plans to initiate a high-velocity exploration campaign, which includes magnetic reinterpretation, geochemical sampling, IP-Resistivity surveying, trenching, and Phase I scout drilling [4][5] - The company aims to generate targets that could lead to significant discoveries in the region [4] Project Leadership - Mike Kilbourne has been appointed as Project Manager for the Central Newfoundland portfolio, bringing over 40 years of exploration experience and a track record of overseeing extensive drilling and target generation [4][5] Company Overview - Falcon Gold Corp. is focused on generating, acquiring, and exploring mineral opportunities in the Americas, with its flagship project located approximately 20 km southeast of Agnico Eagle's Hammond Reef Gold Deposit, which has estimated reserves of 3.32 million ounces of gold [8]
Axiom Exploration Group Initiates Xcite(TM) Helicopter-Borne TDEM Survey Over NAM's Sentinel Antimony Property, Newfoundland, NAM Monitors Fintech Solutions to Enhance Market Transparency
Thenewswire· 2025-11-07 16:25
Core Insights - New Age Metals Inc. has engaged Axiom Exploration Group Ltd. to conduct a helicopter-borne Xcite™ Time Domain Electromagnetic (TDEM) survey over its Sentinel Antimony Property, with a LiDAR survey planned for Spring 2026 [1][3]. Group 1: Project Details - The Sentinel Property is located approximately 5 kilometers southwest of the Beaver Brook Antimony Mine, which is Canada's only primary antimony producer, known for its high-grade stibnite-quartz mineralization [2][3]. - This marks the first modern airborne geophysical program over the Sentinel Property, featuring a high-resolution TDEM survey with 100-meter line spacing [3][4]. - The Beaver Brook Mine has a historical resource of 2.2 million tonnes grading 3.99% Sb at a 1.5% cut-off grade [3]. Group 2: Survey Objectives and Methodology - The XCITE survey will cover approximately 460 line-kilometers and aims to identify conductive horizons that may correspond to graphitic sedimentary units associated with antimony-bearing structures [4][5]. - The data collected will be used to generate 3D conductivity models, aiding in the identification of potential fault-hosted conductors and graphitic horizons similar to those at Beaver Brook [5][8]. Group 3: Future Steps - After the airborne survey, Axiom will provide conductivity depth imaging products and magnetic maps to guide further ground follow-up [8]. - The company plans to integrate geophysical results with soil geochemistry and lithostructural mapping to prioritize future drill targets [8].
Vanguard advances drill programme at Redonda project in British Columbia
Yahoo Finance· 2025-11-07 13:46
Core Insights - Vanguard Mining has initiated its 2025 diamond drill programme at the Redonda copper-molybdenum project in British Columbia, Canada, focusing on high-priority targets defined by recent geophysical surveys and previous drilling results [1][3] Drilling Programme - The current drilling programme is guided by targets identified through a Precision GeoSurveys airborne geophysical survey, combined with insights from recent drilling and surface sampling [1] - Recent drilling at Redonda has revealed intervals up to 142.6m, with grades of 0.279% copper and 0.0281% molybdenum [1] - An earlier drilling campaign reported a significant 174m mineralised interval from surface, with strong surface sampling averaging around 0.5% copper equivalent (CuEq) [2][3] Equipment and Methodology - Vanguard Mining is utilizing a Boyles T-75 hydraulic, track-mounted diamond drill equipped with NQ tooling, capable of testing targets at depths beyond 600m [4][5] - Initial drill pads have been permitted and are being prepared, with plans for step-out holes to assess the continuity of porphyry-style copper-molybdenum mineralisation along prioritized structural trends [5] Community Engagement - The company is collaborating closely with the Klahoose First Nation throughout the drilling campaign, prioritizing local labor, training opportunities, and the use of Klahoose-affiliated service providers for logistics [5][6] - Site access, safety, and environmental monitoring will be coordinated with Klahoose representatives, with ongoing efforts to identify additional opportunities for capacity building and economic participation [6] Regulatory and Financial Aspects - The project has secured all necessary permits to commence drilling, and the company has obtained full funding for the proposed exploration programme [6]
New Found Gold Files Third Quarter 2025 Financial Statements; Grants Stock Options and Restricted Share Units
Newsfile· 2025-11-07 11:00
Core Viewpoint - New Found Gold Corp. has filed its quarterly financial statements for Q3 2025, highlighting its ongoing growth and strategic initiatives in the gold exploration sector [1][2]. Financial Statements - The Q3 financial statements and Management's Discussion and Analysis are available on SEDAR+ and the SEC's EDGAR system, as well as the company's website [2]. Stock Options and Share Units - The company granted 66,944 incentive stock options to officers and employees at an exercise price of $2.70, with a five-year term expiring on November 6, 2030 [3]. - Additionally, 41,348 restricted share units were granted to certain officers, with a vesting schedule of 1/3 per year over three years [4]. Company Overview - New Found Gold holds a 100% interest in the Queensway Gold Project in Newfoundland and Labrador, a Tier 1 jurisdiction known for its excellent infrastructure and skilled workforce [5]. - The company has completed a Preliminary Economic Assessment (PEA) at Queensway, with ongoing drilling revealing new discoveries, indicating significant district-scale potential [6]. Recent Developments - On September 5, 2025, the company announced a definitive arrangement agreement with Maritime Resources Corp. to acquire outstanding shares, which was overwhelmingly approved on November 5, 2025 [7]. - A property purchase agreement with Exploits Discovery Corp. was announced on September 8, 2025, which would increase the size of the Queensway project by up to 33%, totaling 234,050 hectares [8]. Management and Strategy - The company has a new management team, a strong treasury, and a solid shareholder base, including cornerstone investor Eric Sprott, focusing on growth and value creation [9].
Hayasa Metals Completes Vardenis Copper-Gold Project 2025 Drilling Campaign
Newsfile· 2025-11-05 11:27
Vancouver, British Columbia--(Newsfile Corp. - November 5, 2025) - Hayasa Metals Inc. (TSXV: HAY) (OTCQB: HAYAF) ("Hayasa" or the "Company") is pleased to announce the successful completion of its 2025 drill program at the Vardenis Copper-Gold Project in central Armenia which is under option to Teck Resources Limited ("Teck", see news release dated August 27, 2025). The program, which commenced in late August and concluded on October 27, comprised 10 diamond drill holes totaling 4,561 meters, completed wi ...
West Red Lake Gold Confirms Additional High-Grade Gold in Lower Austin with 26.16 g/t Au over 11.2m, 37.87 g/t Au over 3.55m and 10.55 g/t Au over 8m
Globenewswire· 2025-11-04 08:37
Core Viewpoint - West Red Lake Gold Mines Ltd. reports positive drill results from its Madsen Mine, indicating strong potential for sustainable gold production in the Red Lake Gold District of Ontario, Canada [1][2]. Group 1: Drill Results and Resource Estimates - The Madsen Mine's Austin Zone has an Indicated mineral resource of 914,200 ounces grading 6.9 grams per tonne gold, with an additional Inferred resource of 104,900 ounces grading 6.5 g/t gold [2]. - Recent drilling at the 12-4860 drill station revealed high-grade intercepts, including 11.2 meters at 26.16 g/t gold and 2 meters at 131.70 g/t gold [5][9]. - The overall mineral resources at the Madsen Mine are estimated at 1.65 million ounces grading 7.4 g/t gold, with an Inferred resource of 0.37 million ounces grading 6.3 g/t gold [31]. Group 2: Exploration Strategy and Future Plans - The company is aggressively pursuing exploration to access deeper parts of the Madsen Mine, focusing on the Austin Zone and its potential for additional high-grade gold lenses [2][3]. - Plans are being finalized for development projects to facilitate access to more distal portions of the resource for conversion drilling and future mine planning [2]. - The current underground drilling program aims to define near-term mining inventory and grow the existing mineral resource, with a focus on higher-grade portions of the Austin, South Austin, North Austin, and McVeigh Zones [18]. Group 3: Geological Context - The mineralized domains at the Madsen Mine, including the Austin structures, are hosted within broad alteration and deformation corridors, indicating a complex geological history conducive to gold mineralization [13][14]. - The North Austin Zone displays 'mine-style' alteration and mineralization, remaining open at depth and along strike to the northeast, suggesting further exploration potential [15].
Power Metallic Intercepts 5.35 Meters of 11.97% Cu (16.35% CuEqRec) in Hole 25-022 Infill Drilling Expanding the Lion Zone and Updates on Fall/Winter Drill Program and Land Assembly
Prnewswire· 2025-11-04 08:00
Core Viewpoint - Power Metallic Mines Inc. has released assay results from its summer drilling program, highlighting significant mineralization in the Lion Zone and outlining future exploration objectives for the fall and winter seasons [1][10]. Summer Drilling Results - The summer drilling program aimed to explore extensions of the Lion Zone, focusing on down plunge mineralization and infill drilling to define the zone geometry for future resource estimates [1][2]. - Technical issues with helicopter-supported drills led to lost holes, but hole PML-25-017 confirmed the extension of the Lion structure with a disseminated zone of 7.00m at 1.41% CuEq [2][3]. - In-fill drilling successfully defined mineralization along high-grade shoots within the Lion zone, with notable intersections including 6.85m at 13.15% CuEq in hole PML-25-022 [4]. Land Assembly Activities - Power Metallic has significantly increased its land package by over 600%, expanding from 46 km to 313 km, which includes critical areas for exploration [10][11]. - The acquisition of Hydro Quebec surface leases has allowed the company to explore previously restricted areas, enhancing its understanding of the geological framework [11][12]. Future Exploration Plans - The company plans to utilize more powerful skid drills for deeper testing of the Lion Zone to avoid previous technical issues [3]. - The BHEM survey has identified large anomalies at the Tiger Deep target, indicating potential for significant mineralization between the Lion and Tiger zones [9][10]. Marketing Services Agreements - Power Metallic has entered into multiple marketing services agreements to enhance market awareness, including contracts with Native Ads, Sideways Frequency, and Apaton Finance, totaling up to approximately US$402,817 [14][15][16].
Lion Rock Resources Commences Drilling at Volney Project, South Dakota
Newsfile· 2025-11-03 12:20
Core Insights - Lion Rock Resources Inc. has initiated its first drill program at the Volney Project in South Dakota, marking a significant step in its exploration efforts [1][4]. Financial Position - Following a successful financing round of $5.3 million in Q3 2025, the company is well-funded to carry out an extensive multi-phase exploration and drilling program at the Volney Project [2]. Drilling Program Details - The drilling program aims to test multiple gold and lithium targets identified through historical drilling and recent fieldwork, representing the first modern drill testing of the Volney trend [5]. - Surface sampling has revealed high-grade gold zones, with chip samples showing up to 14.0 g/t Au and float samples reaching 189.5 g/t Au, indicating strong expansion potential [5]. - The project also presents opportunities for lithium and tin, with outcrop samples returning up to 3.7% Li2O and historic stockpiles averaging 3.8% Li2O, alongside tin assays exceeding 1.0% Sn in thirteen stockpile samples [5]. Geological Insights - New magnetic data and 3D inversion results have identified a significant magnetic high associated with gold mineralization, reinforcing the geological model of a deep-seated mineralized system over 1,000 m [5]. - The South Dakota Department of Agriculture and Natural Resources has approved a strategic permit area, allowing the company to advance multiple high-priority targets efficiently [5]. Project Background - The Volney Project is located in the historically rich Black Hills mining district, known for significant gold production, including over 40 million ounces from the Homestake Mine [9]. - The project features the Giant Volney pegmatite, which is 635 m long and remains untested at depth, highlighting its potential for future exploration [9].
Jaguar Mining Inc. Embarks on Strategic 5,000-Meter Directional Drilling Program at Pilar Mine in 2026, Targeting Discovery of Over 500,000 Ounces of New Gold Endowment
Accessnewswire· 2025-11-03 11:30
Core Insights - Jaguar Mining Inc. plans to conduct a comprehensive 5,000-meter directional diamond drilling program at its Pilar Mine in 2026, aiming to expand known mineralization at depth and unlock new gold resources [1] Company Developments - The drilling program is a strategic initiative that builds on recent high-grade gold intercepts reported from the BA Zone at Pilar [1]
FAIRCHILD COMPLETES A NEVADA TRINITY WITH THE ACQUISITION OF ADVANCED STAGE CARLIN QUEEN PROJECT
Globenewswire· 2025-10-30 20:27
Core Insights - Fairchild Gold Corp. has entered into a Binding Purchase Agreement to acquire a 100% interest in the Carlin Queen gold and silver property located in Nevada, comprising 73 unpatented lode mining claims over 1,508 acres [1][12]. Project Overview - The Carlin Queen project is an advanced stage gold-silver exploration site situated at the intersection of the Carlin and Midas-Hollister gold trends, approximately 48 miles northwest of Elko, Nevada [2]. - The region has a rich mining history, with over 98 million ounces of gold produced from the Carlin Trend through 2022, and the nearby Hollister mine having produced around 570,000 ounces of gold and silver [2][3]. - The project area is characterized by a structurally domed region with potential for both Carlin-type and low sulfidation epithermal gold-silver deposits [4]. Geological Potential - The Carlin Queen property has multiple untested large gold-silver target areas, indicating significant exploration upside for further discoveries [6]. - Geological mapping and geophysical surveys have been conducted, revealing local anomalous values of tungsten, suggesting the presence of a magmatic intrusion and potential mineralized deposits [5][4]. Transaction Details - The acquisition includes a 2-mile Area of Interest around the claims, with a total consideration of three annual cash payments of $150,000, and a 2% Net Smelter Return (NSR) royalty granted [12]. - A buyback option for up to 100% of the NSR is available for $4 million [12]. Company Strategy - Fairchild Gold Corp. aims to establish a significant portfolio focused on gold and copper in Nevada, leveraging the strategic positioning of the Carlin Queen project alongside world-class mines [7][8]. - The company emphasizes creating long-term shareholder value through disciplined exploration and responsible development practices [8].