VANCOUVER, British Columbia, April 23, 2025 (GLOBE NEWSWIRE) -- Lancaster Resources Inc. (CSE:LCR) (OTC Pink:LANRF) (FRA:6UF0) ("Lancaster"), is pleased to announce that it has signed a definitive Mineral Claim Purchase Agreement dated April 22, 2025 (the "Agreement") to acquire 100% of the Lake Cargelligo Gold Project (the "Project") in the famed Cobar mining district of New South Wales, Australia from Sunbird Resources Pty Ltd. and Mac Minerals Pty Ltd. The Project, which encompasses over 28,768 hectares ...

Reno, Nevada, April 23, 2025 (GLOBE NEWSWIRE) -- Canyon Gold Corp. (OTCQX Markets: NGLD) (The "Company" or "Nevada Canyon") is pleased to announce results from the initial Phase I exploration program on one of the Company's Accelerator properties, the Agai-Pah Property, located in Northern Nevada, within the prolific Walker Lane shear zone. Initial prospect sampling of the Agai-Pah Property by the Company returned up to 1829 g/t (58.8 oz/t) silver (Ag) from an exposed mineralized vein on a surface outcrop. ...

Company Overview - Churchill Resources Inc. has entered into a binding letter of intent to acquire a 100% interest in the Black Raven Antimony Property located in Newfoundland and Labrador [1] - The property includes two past-producing mines that operated from 1890 to 1918, targeting stibnite, gold, and arsenopyrite [1] - Churchill is focused on strategic, critical minerals in Canada, particularly at its Taylor Brook, Florence Lake, and Black Raven properties [16] Industry Context - Antimony is a critical element for various industries, with over 90% of global production coming from China, Russia, Tajikistan, and Burma [2] - Following China's export ban in September 2024, the price of antimony has surged to over $50,000 per tonne, approximately three times the current price of nickel [2] - The Beaver Brook Antimony Mine, located near Black Raven, is currently on care and maintenance due to declining resources, indicating a potential opportunity for Churchill to fill the supply gap [3] Property Details - The Black Raven Property consists of nine map-staked licenses covering a total area of 3,125 hectares [10] - Historical production data indicates significant mineralization, with channel samples reporting up to 2.85% antimony and 28.27 g/t gold [6][11] - Churchill plans to conduct a re-sampling program and modern geophysical surveys to outline targets for further exploration [7] Transaction Terms - Under the terms of the letter of intent, Churchill has a 24-month exclusive option to acquire the property, which includes a 2.0% net smelter royalty for the Quinlans on any minerals produced [12] - The company is required to issue a total of 2,000,000 common shares and make cash payments totaling $100,000 over the option period [17] - The transaction is subject to necessary approvals from the TSX Venture Exchange [13]

Core Viewpoint - GoldMining Inc. has initiated its largest exploration program to date at the São Jorge Project in Brazil, aiming to expand the known gold deposit and explore new targets in the Tapajós gold district [1][2]. Group 1: Exploration Program Details - The São Jorge Project is located in the Tapajós gold district and features a granite-hosted, intrusion-related gold deposit [3]. - The exploration program includes systematic drilling to target the expansion of the São Jorge deposit and test new zones identified through geochemical and geophysical methods [2][4]. - The initial drilling program will consist of drill holes targeting the potential extension of the deposit along the northwest and southeast trends [5]. Group 2: Infrastructure and Logistics - The project benefits from excellent infrastructure, including a 35-person camp, access to paved highways, grid power, and local supply chains, facilitating rapid exploration activities [2]. - Field activities will be conducted from the existing exploration camp, which is located approximately 2 km from paved Highway 163 [8]. Group 3: Planned Activities and Targets - The 2025 exploration plans include a diamond core drilling campaign of up to 5,000 meters, additional auger drilling of up to 3,000 meters, and a soil sampling program of up to 6,000 samples [8]. - The program will also involve airborne Lidar surveys and ground geophysics, including Induced Polarisation (IP) [8]. - The 2025 program will conduct the first deeper drill testing of new targets identified in the previous year's exploration [6]. Group 4: Company Background - GoldMining Inc. is focused on acquiring and developing gold assets in the Americas, controlling a diversified portfolio of resource-stage gold and gold-copper projects across several countries [10].

Toronto, Ontario--(Newsfile Corp. - April 11, 2025) - Argo Gold Inc. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") is entering into a mineral claim option agreement (the "Option") to acquire a 100% interest in the 1155-hectare Dreaver Lake property (the "Claim") located in the Rottenstone Belt in Saskatchewan. To exercise the Option and acquire the Claim, Argo must: (i) make a cash payment of C$1,000 (which has been made), (ii) incur or expend at least ...

Core Insights - Canadian Gold Resources Ltd. has announced the preliminary interpretation of data from an airborne magnetic survey at the VG Boulder Property, indicating significant exploration potential in Quebec's Gaspé Gold Belt [1][4]. Survey Highlights - The survey revealed structural intersections that are prime exploration targets, suggesting geological conditions favorable for gold and silver deposits [4]. - The identification of parallel structures to the Grand Pabos Fault indicates high potential zones for mineralization that require further exploration [4]. Structural Findings - Major fault structures were identified, including the Grand Pabos Fault and the Rivière Garin Fault, with significant intersections that could host concentrated mineralization [6]. - Historical high-grade mineral showings correlate with the newly interpreted structures, enhancing the understanding of mineralization continuity across the company's land holdings [6][7]. Future Exploration Plans - The company plans to integrate geophysical findings with ongoing field mapping, targeted sampling, and a review of historical exploration data to define high-potential drill targets at VG Boulder and adjacent properties [8]. Company Overview - Canadian Gold Resources Ltd. focuses on developing high-grade gold projects in the Gaspé Gold Belt, targeting under-explored properties with significant growth potential [10].

Bayhorse Silver Receives Final Bayhorse Silver Mine IP Survey Results, Extends Bayhorse Potential Mineralized Zone To Over 600 M, Identifies First IP Drill Target March 31, 2025 9:29 AM EDT | Source: Bayhorse Silver Inc. To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/5015/246716_3e460840e42b6900_001full.jpg Bayhorse CEO Graeme O'Neill comments that, "the close proximity of the three new IP targets on strike east of the historic Sunshine, Junction and Big Dog ...