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Gold Springs Resource Corp. Files Q2 2025 Financial Statements, MD&A and Provides Operations Update
Newsfile· 2025-08-11 21:56
Financial Performance - For the six months ended June 30, 2025, general and administrative expenses decreased to $0.27 million from $0.31 million in the same period of 2024 [2] - The net loss for the six months ended June 30, 2025, was $0.30 million ($nil loss per share), compared to a net loss of $0.34 million ($nil loss per share) for the same period in 2024 [2] - As of June 30, 2025, the company had cash of $0.02 million [2] Operational Developments - The company is working with ADT Environmental & Mineral Consultants and Global Resource Engineering to apply for permits to build a heap-leach processing pilot plant and a starter pit at the South Jumbo area in Utah, with a resource estimate of 214,565 oz M&I Au identified [3] - The company has engaged Gardiner Brothers Drilling Inc. to drill a water well near the processing facility, which will supply water for a large-scale operation [4] Company Overview - Gold Springs Resource Corp. focuses on the exploration and expansion of gold and silver resources at its Gold Springs project located on the border of Nevada and Utah, USA, in the Great Basin, a prominent mining jurisdiction [6]
Lion Rock Resources Reports Results from High-Resolution Magnetic Survey and 3D Inversion at Volney Project, South Dakota
Newsfile· 2025-08-11 11:20
Core Insights - Lion Rock Resources Inc. has reported positive results from a high-resolution UAV magnetic survey and advanced 3D inversion at the Volney Project, indicating a significant gold and LCT pegmatite system [1][4] - The company is preparing to initiate its inaugural drill program at Volney, with drill permitting in the final stages [1][4] Survey Results - The recent surface sampling program identified a continuous high-grade gold horizon over 260 meters, with assay values reaching up to 189.5 g/t Au [2] - Magnetic data supports the continuity of the gold-bearing structure, which remains open in all directions, enhancing exploration potential [2][6] Geological Insights - The magnetic survey revealed a clear contrast between gold-bearing mafic host rock and the LCT pegmatite system, aiding in identifying target areas beyond the known horizon [4] - The exMAG survey data indicates a large magnetic anomaly at depth, suggesting a deep-seated mineralized system extending over 1 km [6] Project Overview - The Volney Project is strategically located in South Dakota's Black Hills, a historically significant mining region that has produced over 62 million ounces of gold [10] - The project features the Giant Volney pegmatite, which is 635 meters long and remains untested at depth, indicating further exploration opportunities [10][15] Corporate Developments - Lion Rock has entered into an agreement to sell its Maybrun claims in Ontario, Canada, with the purchaser expected to sell the property to a publicly traded corporation [12][14]
Rocky Shore Gold Announces Non-Brokered Private Placement
Globenewswire· 2025-08-11 11:00
Core Viewpoint - Rocky Shore Gold Ltd. is initiating a non-brokered private placement to raise up to $1,500,000 through the sale of units and flow-through shares, aimed at advancing its Gold Anchor Project [1][3]. Group 1: Offering Details - The Offering will consist of units priced at $0.05 each, with each unit comprising one common share and one-half of a share purchase warrant [2]. - Each warrant allows the holder to acquire one common share at an exercise price of $0.10 for three years, with potential accelerated expiry terms if the common shares trade at or above $0.20 for 20 consecutive days [2]. - The proceeds from the units will be allocated for general corporate purposes, while proceeds from the flow-through shares will specifically fund exploration and advancement of the Gold Anchor Project [3]. Group 2: Regulatory and Insider Participation - The securities issued will be subject to a hold period of four months and one day, in compliance with Canadian securities laws [4]. - Insiders of the company may participate in the Offering, which will be considered a related party transaction, but is expected to remain below 25% of the company's market capitalization, allowing the company to rely on exemptions from formal valuation requirements [5]. Group 3: Project Overview - The company is excited about its upcoming fall drill program at the Lane Pond Gold Target, which trends over 11 kilometers within the Gold Anchor Project [6]. - The Lane Pond Gold Target has never been drilled and is strategically located along the Appleton Fault Corridor, with ongoing sampling and geophysical surveys to identify priority areas for diamond drilling [6]. - The planned drilling will include up to 5,000 meters across 30-50 shallow near-surface holes [6]. Group 4: Company Background - Rocky Shore Gold is a Canadian exploration company focused on major gold discoveries at its 100%-owned Gold Anchor Project, located in central Newfoundland, an underexplored gold belt [10]. - The project spans over 1,200 square kilometers and is strategically positioned near significant gold discoveries and deposits [10].
Gladiator Discovers New Zone in First Drilling Below 200m at Cowley
Newsfile· 2025-08-11 11:00
Core Insights - Gladiator Metals Corp. has successfully extended high-grade copper mineralization at Cowley Park, with new drilling results indicating significant potential for further resource definition and exploration [1][5][6] Drilling Results - The ongoing phase 2 drill program at Cowley Park has involved 40 holes totaling 8,121 meters, targeting extensions of previously identified high-grade copper skarn mineralization [1][7] - Notable drill results include: - CPG-092: 55m @ 0.70% Cu from 176m, including 21.90m @ 1.27% Cu from 199.1m [4][8] - CPG-094: 70.5m @ 1.13% Cu from 95.5m, including 14.0m @ 2.05% Cu from 101m [4][16] - CPG-080D2: 14.5m @ 1.01% Cu from 31.5m [4][13] - CPG-091: 24.5m @ 1.06% Cu from 71.5m, plus additional significant intercepts [4][16] New Mineralization Zone - The first drill hole targeting mineralization below 200m has encountered a previously unobserved style of mineralization, with disseminated bornite and chalcopyrite within a 180m wide zone in altered granodiorite [2][5][9] - This new mineralization style indicates the potential for further exploration and resource expansion at Cowley Park [5][6] Exploration Strategy - Gladiator plans to complete at least 20,000 meters of diamond drilling in 2025, with three rigs currently operating [26] - The exploration strategy includes targeting high-grade copper skarns throughout the Whitehorse Copper Belt, with a focus on resource definition and expansion [18][20] Project Background - The Whitehorse Copper Project is an advanced-stage exploration project in Yukon Territory, Canada, with a history of copper production dating back to 1897 [20][21] - The project area includes over 30 copper-related occurrences and is accessible via existing infrastructure [21][24]
Urbana Corporation Intersects 6.98 g/t Gold over 6.00 metres at the Urban Gold Project
Globenewswire· 2025-08-07 19:23
Core Insights - Urbana Corporation has reported positive results from its winter drill program at the Urban Gold Project, indicating significant gold mineralization and potential for further exploration [2][3][8] Drill Program Results - The drill program consisted of 5,226 meters and 17 drill holes, focusing on the southern part of the Urban Gold Project [3] - Notable intercepts include 6.98 grams of gold per tonne over 6.0 meters in hole UU-25-12, expanding the known mineralized zone to a potential strike length of 200 meters [3][4] - Historical intercepts from the 1980s were also targeted, with previous results of 15.0 g/t over 0.8 meters and 15.0 g/t over 0.97 meters [4] Upcoming Exploration Plans - A comprehensive surface exploration campaign is set to begin, targeting the underexplored northern and central portions of the Urban Gold Project [6] - The northern sector has never been drilled and is surrounded by multiple gold occurrences, while the central sector has numerous undocumented gold showings [6][7] Strategic Location - The Urban Gold Project is strategically located between Goldfield's Windfall deposit and Bonterra Resources' Barry deposit, within a highly prospective mineralized corridor [8] - The project benefits from road access and nearby infrastructure, enhancing its exploration potential [8] Quality Control Measures - True width determination for the reported intervals is estimated at 55-90% [9] - Assays were conducted using industry-standard methods, with a robust QA/QC program in place [9]
Maxus Mining Initiates 2025 Exploration Program on the Penny Copper Project, British Columbia
Globenewswire· 2025-08-07 12:00
VANCOUVER, British Columbia, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Maxus Mining Inc. ("Maxus" or the "Company") (CSE: MAXM | FRA: R7V), is pleased to announce the commencement of the Company's 2025 exploration program (the "Program") on its Penny Copper Project (the "Penny Property", or the "Project") located in British Columbia, Canada. Qualified Person Statement The Company has contracted Resourceful Geoscience Solutions Inc. ("RGS") and Expert Geophysics Limited ("Expert Geophysics") to execute the Program f ...
Inventus Reports 4.18 gpt Gold and 1.48 Metre Average for Initial Trench 1 North Grade Control Drilling and Provides Update on Bulk Sample Operation
Globenewswire· 2025-08-06 11:00
Drilling Update Grade-control drilling at the Trench 1 North Site consisted of 52 shallow holes targeting the flat-lying gold mineralization for bulk sampling (Table 1 and Figure 1). Holes were drilled at 7.5-metre centres to identify a zone of approximately 10,000 tonnes for the third planned bulk sample. Assay results from the initial 20 holes within the identified pit area had a weighted average grade and thickness of 4.18 gpt gold and 1.48 metres (see Figure 1 and Table 1). Final results from the Trench ...
White Gold Corp. Commences Diamond Drilling on Flagship High Grade White Gold Project
Globenewswire· 2025-08-06 11:00
Core Insights - White Gold Corp. has commenced Phase II of its 2025 Exploration Program, focusing on high-priority gold targets in the White Gold Property, Yukon, Canada, aiming to expand its multi-million-ounce high-grade gold resource [7][8][10] - The company is leveraging its strategic partnership with Agnico Eagle Mines Limited to enhance the technical understanding of the project for future development [7][8] - The exploration program includes diamond drilling at the Golden Saddle Zone, which remains open in multiple directions and at depth, with significant widths of high-grade near-surface gold mineralization already intersected [10][11] Exploration Program Highlights - Phase II aims to efficiently expand the size and confidence of the flagship resource, with a focus on relogging and resampling historic core to unlock overlooked mineralization [11][12] - The Golden Saddle deposit contains approximately 1,203,000 ounces of gold in the Indicated Resource category and 1,116,600 ounces in the Inferred Resource category, with potential for further expansion [11][27] - The Target for Further Exploration (TFFE) area is estimated to host an additional 10-12 million tonnes grading between 1-2 g/t Au, based on current geological models [11][12] Property Portfolio and Market Position - White Gold Corp. holds a portfolio of 15,362 quartz claims across 21 properties, covering approximately 300,000 hectares, representing about 40% of the White Gold District [27] - The company’s flagship project includes four near-surface gold deposits, which are interpreted as structurally controlled orogenic gold systems, remaining open for expansion [16][27] - The Yukon region is recognized as a top mining jurisdiction, attracting significant investment from major mining companies [15][27]
Aztec Samples up to 15.6 gpt Gold & 177.3 gpt Silver at the Cervantes Project, Sonora, Mexico; Surface Exploration Program Outlines Multiple Strong Precious Metals Targets
Thenewswire· 2025-08-06 11:00
News Release - Vancouver, Canada – TheNewswire - August 6, 2025 - Aztec Minerals Corp. (AZT: TSX-V, OTCQB: AZZTF) ("Aztec" or the "Company") announces results from the initial phase of its 2025 exploration program at the Cervantes porphyry gold-copper project in Sonora, Mexico. Click Image To View Full Size Aztec has now completed an initial phase of its 2025 surface exploration program comprised of reconnaissance outcrop sampling and geological mapping of several targets at the 3,649 hectare, 100%-owned pr ...
Goldstorm Metals to Conduct Geophysical Programs on the Crown Property, Located in the Golden Triangle of British Columbia
Newsfile· 2025-08-06 09:00
Core Viewpoint - Goldstorm Metals Corp. is initiating geophysical programs on its Crown Property in British Columbia's Golden Triangle to enhance geological understanding and prioritize drill targets for future exploration [1][3]. Company Overview - Goldstorm Metals Corp. is a precious and base metals exploration company with a significant land position in the Golden Triangle of British Columbia, covering approximately 16,469 hectares across six concessions [10][11]. - The Crown Project is strategically located directly south of Seabridge Gold's KSM gold-copper deposits and Newmont's Brucejack mine [10][11]. Geophysical Programs - The company has contracted Simcoe Geoscience Limited to conduct ground-based Magnetotelluric (MT) and Induced Polarization (IP) surveys targeting the Copernicus Zone and other geochemical anomalies along the Orion Spine [1][3]. - The geophysical surveys will focus on a 1.4-kilometer trend of the Copernicus Zone, aiming to evaluate the underlying geology and identify potential large intrusive-related targets at depth [3][5]. - The IP study will cover 3.5 kilometers of the gold-in-rock geochemical trend along the Orion Spine, with expectations to outline conductivity anomalies that may indicate larger mineralized targets [3][5]. Financial Information - The company raised gross proceeds of $2,088,903.64 through the issuance of NFT units and flow-through units, with specific details on the number of units sold and their respective prices [7]. - Cash commissions of $42,596.38 were paid, and 608,519 non-transferable finders' warrants were issued to certain finders [7].