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Prospector Signs Letter of Intent with BeMetals for Option on Savant Gold Project, NW Ontario
Newsfile· 2025-07-10 11:00
Core Points - Prospector Metals Corp. has signed a non-binding Letter of Intent with BeMetals to option up to a 100% interest in the Savant Gold Exploration Project located in northwestern Ontario, Canada [1][4] - The Savant Project covers approximately 232 km² in a prolific gold-producing region, near notable mines such as Red Lake and Musselwhite, and hosts high-grade gold occurrences [2][4] Company Overview - Prospector Metals Corp. focuses on early-stage exploration of gold and base metal prospects, aiming to create shareholder value through new discoveries in underexplored regions, primarily in Yukon and Ontario [12] - The company emphasizes building relationships with local and Indigenous rightsholders to ensure mutually beneficial partnerships [12] Project Details - The Savant Project is characterized by iron formation-style deposits, with historical high-grade gold samples reported, including 138.87 g/t Au from the Horseshoe showing [5][7] - The project has not undergone comprehensive district-scale exploration, indicating potential for significant discoveries [4] Agreement Highlights - Under the LOI, BeMetals must commit at least C$500,000 in exploration expenditures within the first year and maintain a minimum of C$500,000 annually for five years [8] - A National Instrument 43-101 compliant Technical Report must be delivered within five years, outlining mineral resources, with ownership terms varying based on the resource size [9] - If BeMetals acquires 100% interest, a 0.5% Net Smelter Returns Royalty will be granted to Prospector [11]
Midland Begins Exploration Work on the Willbob-Kan Gold Project in the Labrador Trough
Globenewswire· 2025-07-03 11:30
Core Viewpoint - Midland Exploration Inc. has initiated a prospecting campaign in the Didgeridoo area of its wholly owned Willbob-Kan gold project, which is considered highly favorable for gold exploration [3][4]. Group 1: Prospecting Campaign - The prospecting campaign will take place in July 2025 in the Didgeridoo claim bloc, which has not been worked since follow-up activities on discoveries made in July 2019 [4]. - The Didgeridoo Zone is located approximately 15 km southeast of the main gold showings in the Kan area, which is fully owned by Midland [6]. Group 2: Historical Results - Channel sampling in the Didgeridoo Zone in 2019 yielded significant gold results, including an interval grading 2.30 g/t Au over 8.95 meters, with a higher grade of 3.56 g/t Au over 3.15 meters [5][7]. - Other notable results from the Didgeridoo Zone include channel samples grading up to 9.8 g/t Au over 13.2 meters and 8.71 g/t Au over 7.0 meters from different showings [8]. Group 3: Geological Features - The Didgeridoo Zone features a 5 to 10-meter-wide shear zone with abundant fault-filling quartz-calcite veins, observed in gabbros and quartz diorites [6]. - Visible gold occurrences have been noted within the zone, which has been stripped over approximately 100 meters in length and remains open at both ends [6]. Group 4: Quality Control Measures - A strict quality assurance and quality control (QA/QC) program was implemented during the last prospecting program, including the insertion of mineralized standards and blank samples for every batch of 20 samples [10].
Lodestar Metals to Resume Trading on TSXV on Friday, June 27, 2025
Newsfile· 2025-06-26 13:00
Group 1 - Lodestar Metals Corp. will resume trading on the TSX Venture Exchange on June 27, 2025, following the completion of its acquisition of the Gold Run Property [1][2] - The Gold Run Property is located in Humboldt County, Nevada, and is considered a highly prospective gold project [2][4] - The company has strengthened its leadership team with the appointment of David Christie as a director and Don McDowell as a Strategic Advisor [2][3] Group 2 - The President and CEO of Lodestar, Lowell Kamin, expressed optimism about the company's growth and commitment to long-term shareholder value through disciplined exploration and strategic execution [3] - Lodestar's flagship assets include the Gold Run Property and the Peny Property in the Snow Lake District of Manitoba, focusing on high-impact exploration and strategic acquisitions [4]
Aya Gold & Silver Launches Drill Exploration Program at Zgounder Far East and Adds 6 New Regional Permits
Globenewswire· 2025-06-26 11:00
MONTREAL, June 26, 2025 (GLOBE NEWSWIRE) -- Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF) (“Aya” or the “Corporation”) is pleased to announce high-grade silver results from its ongoing drill exploration program at the Zgounder Silver Mine and the start of its drill exploration program in the Far East permits in the Kingdom of Morocco. The Corporation has also acquired six (6) new permits to the north, expanding the Zgounder exploration footprint by 11.9% to over 452.7 square kilometers (“km2”). Highlights ...
Lodestar Metals Closes Option Agreement to Acquire Gold Run Property and Strengthens Leadership Team
Newsfile· 2025-06-25 12:00
Lodestar Metals Closes Option Agreement to Acquire Gold Run Property and Strengthens Leadership TeamJune 25, 2025 8:00 AM EDT | Source: Lodestar Metals Corp.Vancouver, British Columbia--(Newsfile Corp. - June 25, 2025) - Lodestar Metals Corp. ("Lodestar" or the "Company") (TSXV: LSTR) (OTC: SVTNF) is pleased to announce it has officially closed the acquisition of the Gold Run Property ("Gold Run"), a highly prospective gold project located in Humboldt County, Nevada. This milestone follows the ...
Prospector Begins Maiden Drill Program on ML Project, Yukon
Newsfile· 2025-06-23 11:30
Core Viewpoint - Prospector Metals Corp. has initiated a fully funded drilling program at its ML Project in the Yukon, aiming to explore high-priority target areas identified in previous exploration efforts [1][2]. 2025 Drill Program - The 2025 ML Drill Program will involve up to 5,000 meters of diamond drilling across 15 to 20 holes targeting six areas: Bueno, Skarn Ridge, Rubble, Fishbowl, Java, and North Vein [2][3]. - The drilling is focused on high-grade, structurally controlled gold mineralization, with initial drilling starting at the Bueno target, where rock samples have shown values up to 156 g/t Au [2][3]. Target Areas - The six target areas for the drilling program include: - Bueno - Skarn Ridge - Rubble Cirque - North Vein - Java - Fishbowl [2][3]. Geological Insights - The drilling targets are based on a reinterpretation of geological data from the 2024 exploration program and historical data, focusing on intrusive units and adjacent altered meta-sediments [2]. - The Bueno target specifically is characterized by NE steeply dipping structures associated with strong fracturing, quartz veining, and mineralization including arsenopyrite and chalcopyrite [2]. Company Overview - Prospector Metals Corp. is part of the Discovery Group and focuses on early-stage exploration of gold and base metal prospects, primarily in Yukon and Ontario, Canada [6]. - The company aims to create shareholder value through new discoveries in underexplored mineral districts [6]. Qualified Person - The technical content of the press release has been reviewed and approved by Jodie Gibson, P.Geo., Vice President Exploration of Prospector, ensuring compliance with National Instrument 43-101 [5].
Leviathan Gold Announces Letter of Intent to Acquire 100% Interest in Kalahari Copper, and Uranium Exploration Portfolio, Botswana
Globenewswire· 2025-06-19 12:00
Leviathan Gold Partners with 1502656 B.C. LTD. for Strategic Investor Relations Campaign NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES. VANCOUVER, British Columbia, June 19, 2025 (GLOBE NEWSWIRE) -- Leviathan Gold Ltd. (“Leviathan” or the “Company”) (LVX – TSXV, LVXFF – OTC, 0GP – FSE) is pleased to announce that it has entered into a non-binding letter of intent dated June ...
Makenita Resources Engages Drilling Contractor for Maiden Drill Program at Hector Silver Project in Ontario
Newsfile· 2025-06-18 07:01
Core Viewpoint - Makenita Resources Inc. has engaged Vital Drilling Services to initiate its first drilling program at the Hector Silver Project in Ontario, with mobilization already underway and drilling expected to start later this month [1]. Group 1: Project Overview - The Hector Property consists of 126 contiguous unpatented mineral claims covering an area of 2,243 hectares [2]. - The initial drilling phase will target high-priority areas identified through geological interpretation and recent fieldwork, including regions made accessible by wildfire-related clear-cutting [2]. Group 2: Technical Details - The drilling program aims to explore new silver and cobalt targets based on an updated structural model derived from airborne magnetic and VLF-EM surveys conducted from 2017 to 2021, totaling 522.9 line-kilometers [3]. - A significant focus will be on the Block 9 silver anomaly, previously explored by Teck in the early 1970s, which yielded assays of 326 grams per tonne silver (9.5 oz/ton) [4]. - The program will also target the South Keora shaft, a historic high-grade prospect with reported sampling results of 12-15% cobalt and up to 1,000 oz/ton silver from around 1913 [4]. Group 3: Management Insights - Jason Gigliotti, President and CEO of Makenita Resources, emphasized that this drilling marks a significant milestone for the company, aiming to validate historical mineralization and unlock potential value for shareholders [5]. - The Hector Project is positioned as a core strategic asset for Makenita, situated in a historically rich mining district known for silver and cobalt production [5].
TDG Gold Announces Acquisition of Anyox Copper and C$25 Million Bought Deal Private Placement
Globenewswire· 2025-06-17 11:01
Core Viewpoint - TDG Gold Corp has entered into an amalgamation agreement with Anyox Copper Ltd to acquire the Anyox Copper project, enhancing its position in the mining sector of British Columbia [1][4] Transaction Details - The acquisition will be executed through a three-cornered amalgamation under the Business Corporations Act (British Columbia) [1] - The company has secured a bought deal private placement with BMO Capital Markets and Clarus Securities, raising C$25 million in gross proceeds to support the transaction [1][19] Strategic Positioning - The combination of Anyox Copper and TDG's existing projects provides exposure to precious metals and critical minerals in established mining districts [2] - Post-transaction, TDG will have over C$40 million in cash, enabling nearly year-round exploration activities [2] Management Changes - Paul Geddes, currently CEO of Anyox, will join TDG as Vice President of Corporate Development, focusing on operational excellence and growth [3][4] Exploration Plans - TDG's immediate priority is the Greater Shasta-Newberry project, with plans to resume exploration activities supported by the expanded treasury [5] - The Anyox project will allow for exploration at different times of the year, extending the exploration season across two mining districts [5] Board Changes - Michael Kosowan has been appointed as Chair of the Board, succeeding Stephen Quin, who will remain as a director [6] Share Consolidation - The company intends to seek shareholder approval for a five-for-one share consolidation to enhance its appeal to investors [7] Anyox Copper Project Overview - The Anyox project is located in British Columbia's 'Golden Triangle' and includes the historical Hidden Creek copper mine, which produced approximately 750 million pounds of copper from 1914 to 1935 [10][12] Financial Projections - The proceeds from the concurrent financing will be allocated to exploration activities, including C$8 million for the Greater Shasta-Newberry project and C$5 million for the Anyox project [23]
Maxus Mining Investors Exercise $354,300 CDN in Warrants
Globenewswire· 2025-06-16 21:00
Group 1: Company Financials - Maxus Mining Inc. announced that investors exercised 1,771,500 common share purchase warrants, generating gross proceeds of $354,300 from May 16, 2025, to June 13, 2025 [1] - The capital raised will strengthen the Company's balance sheet and will be allocated for future exploration, new projects or acquisitions, corporate development, marketing, and working capital [2] Group 2: Marketing Agreement - The Company entered into a marketing agreement with RMK Marketing Inc. for a term of 6 months starting June 18, 2025 [3] - RMK will provide various marketing services, including coordinating marketing actions, optimizing AdWords campaigns, and managing online marketing projects [4] - The Company will compensate RMK $250,000, with an option to increase the advertising budget up to $350,000 during the term [5] Group 3: Company Overview - Maxus Mining Inc. is focused on mineral exploration, aiming to locate, acquire, and develop economic mineral properties in premier jurisdictions [6] - The Company has a diverse portfolio of exploration properties, including approximately 7,244 hectares across multiple projects, such as four antimony projects and the Penny Copper Project [6] - The Penny Copper Project has a history of exploration activity and recent sampling returned copper values up to 2,388 ppm Cu [7] Group 4: Project Highlights - Historical samples from the Quarry Antimony Project showed significant mineralization, including 0.89% Au and 20% Sb [8] - The Lotto Tungsten Project has reported high tungsten grades, with a selected grab sample assaying 10.97% Wo3 [8] - The Altura and Hurley Antimony projects are strategically located near recent high-grade discoveries, with assays up to 69.98% Sb and 19.2% Sb reported [8]