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TUDOR GOLD Receives Five Year Exploration Permit to Advance the Treaty Creek Project
Newsfile· 2025-05-01 15:48
TUDOR GOLD Receives Five Year Exploration Permit to Advance the Treaty Creek ProjectMay 01, 2025 11:48 AM EDT | Source: Tudor Gold Corp.Vancouver, British Columbia--(Newsfile Corp. - May 1, 2025) - Tudor Gold Corp. (TSXV: TUD) (FSE: H56) (the "Company" or "Tudor") is pleased to announce that it has received exploration permits from the British Columbia Ministry of Mining and Critical Minerals for its flagship Treaty Creek Property, located in the heart of the Golden Triangle of Northwestern Br ...
Plato Gold Announces Preparations for First Ever Drill Program at Lolita Project, Santa Cruz, Argentina
Globenewswire· 2025-05-01 12:30
Core Points - Plato Gold Corp. is advancing preparations for its first drill program at the Lolita Project in Santa Cruz, Argentina, marking a significant step in its exploration efforts [1][2] - The company has received approval from the Secretariat of Mining of Santa Cruz for an updated environmental impact assessment, allowing it to conduct a diamond drilling campaign [2] - The province of Santa Cruz is the largest producer of precious metals in Argentina, with exports valued at USD 1.789 billion in 2024 [2] Financing and Contracts - Plato has entered into loan agreements totaling US$1,050,000 to finance the drill program, with an interest rate of 7% per annum [4] - The loans are unsecured and may be convertible into common shares at a minimum price of $0.05 per share [4] - A related party transaction involves a loan of US$1,000,000 from Anthony Cohen, President of Plato, with exemptions from formal valuation and minority shareholder approval [6] Drilling Plans - Drilling is set to commence in May 2025, targeting approximately ten diamond drill holes at the Panza, Espalda, and Corazon targets, with depths of 200 to 400 meters [7] - The targets are characterized by low-sulphidation, epithermal vein systems with pathfinder anomalies of arsenic, antimony, and mercury [7] - The Lolita Project has not been previously drill-tested or explored for precious metals, but nearby projects indicate potential for significant resources [8] Company Overview - Plato Gold Corp. is a Canadian exploration company with projects in Ontario and Argentina, focusing on gold and silver exploration [11][12] - The company holds a 95% interest in Winnipeg Minerals S.A., which has mineral rights totaling 9,672 hectares in Argentina [12]
Metalsource provides update on exploration at Aruba
Globenewswire· 2025-05-01 12:00
Core Insights - Metalsource Mining Inc. is advancing its exploration program at the Aruba Property, focusing on soil sampling and ground gravity surveys to identify drill targets for manganese mineralization [1][2][3] Group 1: Exploration Program - The exploration program includes soil sampling and a gravity survey aimed at delineating geophysical signatures in the Transvaal Supergroup, which is known for manganese deposits [1][2] - Soil samples have been collected from the Kanye Basin portion of the Transvaal Supergroup and are being analyzed using portable XRF and prepared for ICP analysis [2] - The gravity survey, combined with soil sample data, will inform the upcoming drill campaign [2] Group 2: Project Overview - The Aruba Project encompasses five prospecting licenses covering approximately 4,663 km in South-Central Botswana, underlain by the Kanye Basin [4] - The Transvaal Supergroup in this region contains 40% of the world's manganese reserves, with mineralization primarily found in the Black Reef Formation [4] - The project area is strategically located between Jwaneng and Werda, near the South African border, and is adjacent to Rio Tinto Exploration [5] Group 3: Company Leadership and Vision - CEO Joseph Cullen expressed enthusiasm about initiating exploration, highlighting the team's commitment to expanding knowledge and preparing for drilling [3] - The company aims to locate and develop economic precious and base metal properties, with ongoing exploration efforts on the Old Timer Property in British Columbia [7]
2024 Year-End Exploration Results
Prnewswire· 2025-04-30 13:00
Core Viewpoint - Hycroft Mining Holding Corporation has announced significant high-grade gold and silver drill results from its 2024 exploration program at the Hycroft Mine in Nevada, indicating strong potential for future mining operations and exploration opportunities [1][9]. Exploration Results - The 2024 exploration program included 9,058 meters of drilling, geophysics, geochemistry, and mapping campaigns, leading to a better understanding of mineralization controls in high-grade trends [4][6]. - High-grade silver was consistently found at the Brimstone target, with several intervals exceeding 1000 g/t silver, marking some of the best drill results in the company's history [3][4]. - The Vortex target also showed promising results, with high-grade silver and gold intersections, indicating strong continuity and potential for further exploration [3][5]. Specific Drill Highlights - Brimstone: Notable drill results include H24D-6011 with 53.3 meters of 218.92 g/t Ag and 0.26 g/t Au, and H24D-6012 with 50.7 meters of 101.82 g/t Ag and 0.28 g/t Au [4][7]. - Vortex: Drill hole H24D-6007 encountered 950 g/t silver and 4.78 g/t gold before being lost, suggesting high potential at depth [3][5]. - Manganese Target: Identified oxide mineralization within 120 meters of the surface, indicating potential for heap leach opportunities [3][4]. Future Potential - The company is assessing the potential for a start-up heap leach operation in advance of the sulfide milling operation, given the high commodity price environment [4][9]. - The exploration strategy has shifted to target high-grade mineralization based on new geological understandings, which could lead to further discoveries [4][6]. Company Overview - Hycroft Mining Holding Corporation is focused on developing the Hycroft Mine, one of the largest precious metals deposits globally, and transitioning to commercial operations for processing sulfide ore [9].
Greenridge Exploration Completes Airborne MobileMT Survey at the Sabre Uranium Project in Athabasca Basin, Saskatchewan
Globenewswire· 2025-04-30 12:00
VANCOUVER, British Columbia, April 30, 2025 (GLOBE NEWSWIRE) -- Greenridge Exploration Inc. (“Greenridge” or the “Company”) (CSE: GXP | FRA: HW3 | OTCQB: GXPLF) is pleased to announce the completion of a high-resolution helicopter-borne Mobile MagnetoTellurics System (“MobileMT”) survey at the Sabre Uranium Project (the “Sabre Property” or the “Project”) located in the northern Athabasca Basin region of Saskatchewan, Canada. The Project-wide MobileMT survey completed by Expert Geophysics Surveys Inc. (“EGS” ...
Solis Announces Quarterly Activities Report for the Period Ended 28 February 2025
Newsfile· 2025-04-30 00:43
Company Overview - Solis Minerals Limited is focused on advancing its portfolio of high-priority copper-gold targets in the Southern Coastal Belt of Peru, holding 81 exploration concessions covering a total area of 69,200 hectares [3][5][52] - The company has appointed Mitch Thomas as Chief Executive Officer, who brings extensive experience in South America and project development [4][48] Financial Highlights - Solis successfully completed a placement raising A$4.5 million to support drilling activities in Peru [7][42] - The company had a cash balance of A$0.8 million as of February 28, 2025, with additional funds raised post-reporting period [40][42] Project Developments - Significant progress was made in advancing permits and refining high-priority copper targets, with drilling at Chancho al Palo and Ilo Este expected to begin in May 2025 [8][16] - The Chocolate Project has revealed multiple copper-gold targets, with notable geochemical assay results including 0.71% Cu and 0.60 g/t Au for Porphyry Target 1 [27][26] Market Conditions - The copper market is experiencing strong momentum, with prices recently surpassing US$10,000 per tonne due to supply constraints and robust demand, particularly linked to the global energy transition [13][15] - Gold prices have reached record highs above US$3,000 per ounce, driven by geopolitical uncertainty and central bank purchases [14][15] Exploration Activities - Extensive copper porphyry mineralization has been identified at the Cinto Project, with significant channel sampling results indicating 23.4m @ 0.88% Cu [21][23] - The company is planning Induced-Polarisation (IP) surveys to define drill targets at Cinto, with drilling anticipated in the second half of 2025 [25][20] Corporate Strategy - Solis is evaluating options to simplify its listing structure, potentially delisting from the TSXV and establishing the ASX as its primary listing [41] - The company is actively reviewing potential acquisitions in various jurisdictions, focusing on copper and gold projects that are drill-ready [39]
Brazilian Rare Earths March 2025 Quarterly Report
Globenewswire· 2025-04-29 12:30
Core Insights - Brazilian Rare Earths Limited (BRE) reported record exploration success at Monte Alto, highlighting significant mineralization and high-grade rare earth elements [1][5] - The company has confirmed the Pelé project as a district-scale high-grade rare earth project, indicating substantial potential for future development [2] - The Amargosa Bauxite-Gallium Project has opened new pathways for value creation at a province scale, enhancing the company's portfolio [3] Financial Position - As of March 31, 2025, BRE held A$75.4 million in cash, positioning the company well for planned exploration and feasibility work programs through 2026 [5] Exploration Highlights - New exploration results at Monte Alto revealed ultra-high-grade rare earth intercepts up to 45.7% TREO, with standout grades of 69,558 ppm NdPr and 11,696 ppm DyTb [5] - Drilling at Monte Alto extended thick horizons of shallow high-grade monazite-sand mineralization, including 18m at 6.8% TREO from surface [5] - At Pelé Target 1, high-grade rare earth outcrops were discovered with grades up to 17.7% TREO, and diamond drill results returned assays of up to 13.5% TREO [5] Bauxite-Gallium Project Developments - BRE and Rio Tinto replaced a US$40 million bauxite production-linked milestone payment with a fixed royalty of US$1.00 per wet tonne on future bauxite sales, enhancing funding flexibility [5] - Historic drilling confirmed thick, high-grade bauxite intervals, including 27.5 meters at 51.3% total available alumina content [5] - New gallium discoveries were made with exceptional grades of up to 190 ppm Ga2O3, prompting the appointment of RPM Global for a JORC-compliant resource and scoping study [5]
Troilus Reports Record Intercept of 2.44 g/t AuEq Over 56m in the Southwest Zone
Globenewswire· 2025-04-29 11:00
MONTREAL, April 29, 2025 (GLOBE NEWSWIRE) -- Troilus Gold Corp. ("Troilus" or the "Company") (TSX: TLG; OTCQX: CHXMF; FSE: CM5R) is pleased to announce positive drill results from its 2025 drill campaign (outlined in the February 4, 2025 press release). The program is focused on identifying and delineating higher-grade mineralization and enhancing confidence in the block model. The results reported today include the best intercept drilled to date in the Southwest Zone ("Southwest") based on linear grade (gr ...
Q2 Metals Extends Mineralized Zone Strike Length to 1.5 Kilometres and Concludes the 2025 Winter Program at the Cisco Lithium Project in Quebec, Canada
Globenewswire· 2025-04-28 07:05
Core Viewpoint - Q2 Metals Corp. has successfully completed its 2025 Winter expansion drill program at the Cisco Lithium Project, with promising results indicating the potential for significant lithium mineralization [2][4][5]. Summary by Relevant Sections Drilling Program Results - The 2025 Winter Program involved 14 drill holes totaling 6,997 meters, with 10 holes intercepting spodumene-bearing pegmatite [3][5]. - The main mineralized zone's strike length has increased from 850 meters to 1,500 meters, indicating a substantial expansion of the mineralized area [4][5]. - Notable drill hole results include CS25-028, which encountered 50.9 meters of continuous spodumene pegmatite, and CS25-036, which had a wide interval of 64.3 meters before being halted due to seasonal constraints [5][10]. Geological and Strategic Position - The Cisco Project is strategically located 150 kilometers from rail access, enhancing its development potential [4]. - The project covers 39,389 hectares and is situated within the Frotet Evans Greenstone Belt, which is known for hosting significant lithium deposits [34]. Upcoming Activities - The company plans to resume drilling in June 2025, focusing on systematically defining the known mineralized zone and conducting additional mapping and sampling [4][10]. - Q2 Metals will participate in several upcoming mining investment conferences, including the 121 Mining Investment Conference and the Canaccord Genuity Global Metals & Mining Conference [29][30]. Metallurgical Testing - Preliminary metallurgical testing aims to produce a spodumene concentrate with over 6% Li2O and low iron content, utilizing traditional lithium pegmatite processing methods [18][20]. Quality Assurance and Analytical Methods - The company employs rigorous QA/QC protocols, including the insertion of quartz blanks and certified reference materials in sample batches to ensure analytical precision [27][26]. Future Exploration Plans - The exploration strategy includes further testing of the southern extension of the main mineralized zone and additional drilling to explore less than 10% of the total land package [10][4].
Kuya Silver Discovers New Vein Cluster Expanding Angus Target Area to the West at Campbell-Crawford Prospect, Silver Kings Project, Ontario
Newsfile· 2025-04-24 12:14
Kuya Silver Discovers New Vein Cluster Expanding Angus Target Area to the West at Campbell- Crawford Prospect, Silver Kings Project, Ontario April 24, 2025 8:15 AM EDT | Source: Kuya Silver Corporation New vein cluster is located 100 m to the west of the main Angus Vein bonanza-grade silver zone in a previously untested area Size of silver-cobalt mineralized footprint has been expanded to 375 m by 250 m and remains open Toronto, Ontario--(Newsfile Corp. - April 24, 2025) - Kuya Silver Corporation (CSE: KUYA ...