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Magma Silver Q3 Drilling Preparation Work Program
Newsfile· 2025-07-30 11:30
Core Viewpoint - Magma Silver Corp. has initiated a summer work program at the Niñobamba silver-gold project in Peru to refine drill targets for a planned Q4 drill program, following previous exploration efforts [1][2]. Group 1: Project Overview - The work program focuses on the Jorimina and Randypata deposits, with a community access agreement in place for exploration activities [2]. - Historical drilling by Newmont Corporation included 3,536 rock samples, 2,988 channel samples, and 4,377 meters of drilling at Jorimina, yielding gold grades of 1.19 g/t over 72.3 meters and 1.07 g/t over 24.6 meters [3]. - The program aims to identify overlooked mineralized zones, particularly a 2 km long silver anomaly at Randypata that has not been drilled [3]. Group 2: Management and Technical Team - The work program will be led by Senior Geologist Edgar Leon and supervised by Jeffrey Reeder, P.Geo., a Senior Technical Advisor [3]. Group 3: Upcoming Events - Management will participate in several upcoming marketing events, including the Precious Metals Summit in September 2025 and the Swiss Mining Institute Conference in November 2025, where updates on the Q4 drill program will be provided [9]. Group 4: Company Background - Magma Silver Corp. is focused on exploring and developing the Niñobamba silver-gold project, which spans an 8 km mineralized corridor in a high-sulphidation epithermal system [11]. - The company has invested over C$14.5 million in the project to date, leveraging modern geological modeling and a strategic development plan [11].
PAN GLOBAL ADVANCES DRILL PROGRAMS AT ESCACENA AND CÁRMENES PROJECTS, SPAIN
Prnewswire· 2025-07-30 11:25
Core Viewpoint - Pan Global Resources Inc. is advancing its drill programs at the Escacena and Cármenes Projects in Spain, focusing on high-priority targets with significant mineralization potential, while preparing for a maiden Resource Estimate for the La Romana deposit by year-end [2][5][6]. Escacena Project - The Escacena Project covers a 5,760-hectare area in the Iberian Pyrite Belt, hosting multiple targets including La Romana and La Pantoja [8]. - The ongoing drill program includes 20 completed drillholes as part of a 7,000-meter initiative, targeting VMS-associated copper, tin, silver, and gold [5][6]. - Recent drilling has extended the surface strike-length of mineralization at La Romana to 1.7 km, with further drilling planned to test high-grade mineralization extensions [6][7]. Cármenes Project - The Cármenes Project spans 5,653 hectares and is located in a geologic belt known for copper-gold mining, with a focus on breccia-style mineralization [9]. - The drill program at Cármenes is testing for high-grade gold and copper-nickel-cobalt at the Providencia target, with three of six planned drillholes completed [5][12]. - Recent results from Providencia indicate wide breccia intercepts and gold mineralization from near surface in every drillhole to date [12]. Technical Reporting and Resource Estimation - The company is in the process of selecting a consultant to prepare a NI 43-101-compliant Technical Report, including a maiden Mineral Resource Estimate for the La Romana deposit [7][11]. - The Escacena Project is strategically located near existing mining operations, enhancing its potential for development [11]. Market Context - The company is focused on exploring copper-rich deposits, which are critical for global electrification and energy transition, alongside gold, which is experiencing record prices [10].
American Pacific Drills 10.2 g/t Gold over 7.6 Metres Including 44.1 g/t Gold over 1.5 Metres and Demonstrates Link Between Historic Broadway and Madison Mine Areas
Newsfile· 2025-07-30 11:00
Core Insights - American Pacific Mining Corp. has reported significant drilling results from its Madison Project, demonstrating a structural and stratigraphic link between the historic Broadway and Madison mines, which could indicate a larger mineralized system at depth [1][4][7]. Drilling Results - The final six reverse circulation drill holes from Phase I 2025 revealed an upper zone in hole APMMAD25-08 with 44.1 g/t Au over 1.5 m within a broader interval averaging 10.2 g/t Au over 7.6 m [5][13]. - Additional significant results include 0.5% Cu over 27.4 m and 0.7 g/t Au over 16.8 m in hole APMMAD25-05, and notable pathfinder mineralization in APMMAD25-06 [5][6]. Geological Insights - The drilling results validate the geological model, confirming that the Broadway and Madison mines are part of a broader mineralized corridor, which was not identified in past exploration efforts [6][8]. - The presence of elevated bismuth tellurides and other pathfinder minerals supports the interpretation of a robust mineralizing system at depth, indicating potential for a deeper porphyry system [6][13]. Future Exploration Plans - The next phase of drilling is set to commence in the second half of 2025, utilizing data from Phase I to refine drill targets aimed at delineating a potentially substantial buried porphyry [4][13]. Historical Context - Historical mining at the Broadway mine yielded gold grades averaging 9.9 g/t Au for 144,000 ounces from 1870 to 1942, indicating a rich mining history that enhances the current exploration potential [8][20]. Economic Potential - Select drill holes testing historic material returned significant values, with APMMAD25-03 showing 0.7 g/t Au, 20.8 g/t Ag, and 0.3% Cu over 10.7 m, suggesting that previously considered waste material may provide future cash flow opportunities [14][20].
Hycroft Announces 2025-2026 Exploration Drill Program
Prnewswire· 2025-07-30 11:00
Core Insights - Hycroft Mining Holding Corporation is set to initiate its 2025-2026 Exploration Drill Program at the Hycroft Mine in Nevada, involving approximately 14,500 meters of core drilling with two drill rigs [1][2][5] - The program aims to expand high-grade opportunities at the Brimstone and Vortex sites, while also exploring newly identified target areas, including the Manganese target [2][4] - The exploration efforts are based on data from previous drill programs, which revealed significant high-grade silver mineralization, including intervals exceeding 11,000 grams per tonne [5][6] Exploration Program Details - The 2025-2026 Exploration Drill Program is designed to extend mineralization systems at Brimstone and Vortex, which remain open in all directions and at depth [2][4] - The program builds on the successes of the 2023 and 2024 drill programs, which led to the discovery of two high-grade silver systems [5][6] - The exploration team has developed targets through extensive data review and a new cohesive geologic model that integrates geochemical and geophysical data [4][5] Company Overview - Hycroft Mining Holding Corporation is focused on transitioning the Hycroft Mine into a large-scale milling operation for processing sulfide ore, with less than 10% of its 64,000-acre land package explored [6] - The company has achieved a Total Reportable Injury Frequency Rate of 0.00 over two and a half years, emphasizing its commitment to safety [4] - The ongoing exploration is expected to unlock significant value for shareholders by uncovering the full potential of the Hycroft Mine, particularly in silver production [4][6]
Nova Minerals Quarterly Activities and Cashflow Report – 30 June 2025
Globenewswire· 2025-07-29 21:08
Core Insights - Nova Minerals Limited is advancing its Estelle Gold and Critical Minerals Project in Alaska, focusing on gold and antimony exploration with a significant drilling program [1][6][24] Estelle Project - A 15,000-meter drill program commenced in June 2025, targeting the RPM and Korbel gold deposits and initiating resource estimation at the Stibium prospect for both gold and antimony [6][8] - The Estelle Project encompasses over 20 advanced gold and antimony prospects, including two defined multi-million ounce resources [24] RPM Drill Program - A 10,000-meter drill program at the RPM deposit began in July 2025, aimed at enhancing resource definition and expanding mineralization [6] - Drilling will focus on the eastern strike extension beneath a fractured zone and the high-grade hornfels/intrusive contact, which is known for significant gold mineralization [6][7] Korbel Drill Program - Approximately 2,000 meters of drilling at Korbel will target a potential higher-grade starter pit at Korbel Main, with flexibility to expand into other high-priority targets [4] Surface Sampling Program - A comprehensive regional surface exploration program is underway, including geological mapping and geochemical sampling to identify new high-priority prospects [5] Antimony Assets - The Stibium prospect has commenced a 3,000-meter drilling program to establish a maiden mineral resource estimate for gold and antimony [11] - High-impact results from surface sampling include rock samples with over 30% Sb and gold grades up to 141 g/t [11] U.S. Department of Defense Grant - Nova's application for U.S. Department of Defense funding is in its final stages, which could fast-track the development of the antimony resource at Estelle [9][11] - Successful funding would allow for an expanded drilling program and initial testing at the Styx target [11] Financial Position - As of June 2025, Nova had A$9.08 million in cash and no debt, excluding A$18.4 million raised in a subsequent U.S. offering [11] - Notable cash flow items include A$1.9 million in exploration and evaluation costs and A$432,000 in administration expenses [11] Corporate Developments - The appointment of Mr. Chaim (Dovi) Berger as an Independent Non-Executive Director was announced, bringing extensive experience in corporate law and finance [11]
Nexa Reports 2025 First Half Exploration Results
Newsfile· 2025-07-29 20:25
Core Viewpoint - Nexa Resources announced the drilling and assay results for the first half of 2025, highlighting a focus on near-mine expansion, brownfield and infill drilling, and greenfield exploration projects [2][5]. Drilling Strategy and Results - The total drilling in the first half of 2025 reached 131,910 meters, which included 28,145 meters of exploration drilling and 103,765 meters of mining infill drilling [2]. - Exploration drilling was distributed as follows: 14,281 meters in Peru, 13,208 meters in Brazil, 656 meters in Namibia, and 9,030 meters for early-stage greenfield projects in Peru [3]. Future Plans - For the second half of 2025, Nexa plans to conduct 47,245 meters of drilling, with 28,595 meters in Peru and 18,650 meters in Brazil [3][5]. Key Achievements - Significant findings included: - Cerro Lindo: 4.2 meters at 2.92% Zn, 0.30% Pb, 0.16% Cu, and 33.26 g/t Ag [7]. - Aripuanã: 10.8 meters at 7.59% Zn, 3.30% Pb, 0.18% Cu, and 62.03 g/t Ag, with a notable intercept of 4.8 meters at 16.60% Zn [7]. - Vazante: 6.3 meters at 22.14% Zn, 0.19% Pb, and 16.57 g/t Ag [7]. - El Porvenir: 18.6 meters at 2.83% Zn, 1.87% Pb, 0.07% Cu, 69.01 g/t Ag, and 1.40 g/t Au [7]. Company Overview - Nexa Resources is a large-scale, low-cost integrated polymetallic producer, primarily focused on zinc, with over 65 years of experience in mining and smelting in Latin America [6][8]. - The company operates four long-life underground polymetallic mines in Peru and Brazil, along with three smelters [6][8].
Impact Silver Intersects 18.03% ZnEq over 2.60m Including 23.70% ZnEq over 0.73m at the Plomosas Mine
Newsfile· 2025-07-29 15:35
Core Viewpoint - IMPACT Silver Corp. has announced promising results from its initial underground drill program in the Santo Domingo Zone at the Plomosas zinc (lead-silver) Mine, indicating high-grade mineralization and potential for increased production [1][6]. Drilling Results - The initial drill results from the Santo Domingo Zone include significant intersections, such as: - UGSD 2501: 3.50m interval with 7.64% ZnEq, including 1.50m at 14.66% ZnEq - UGSD 2502: 12.09m interval with 5.97% ZnEq, including 4.59m at 11.25% ZnEq and a notable 0.62m at 34.78% ZnEq - UGSD 2504: 1.12m interval with 23.56% ZnEq - UGSD 2505: 3.42m interval with 18.03% ZnEq, including 0.96m at 23.70% ZnEq [2][3]. Geological Context - The Plomosas mine is characterized by zinc-rich Carbonate Replacement zones across three bedrock units, with ongoing exploration in the Santo Domingo Zone, which remains open for further drilling [7][3]. Company Strategy - The CEO emphasized that the discovery of high-grade mineralization in the Santo Domingo Zone enhances the potential of the Plomosas Mine, which was not previously included in mining plans. The proximity to active mine workings allows for quick integration into production [6][1]. Exploration Potential - The Plomosas mine has exceptional exploration upside, with ongoing drilling aimed at defining additional resources across multiple zones. The mine is part of a larger structure with significant exploration targets, including untested copper-gold areas [11][7].
Brixton Metals Drills 16m of 3.4 g/t Gold, 96 g/t Silver, 0.59% Copper, 0.12% Antimony at the Glenfiddich Zone, Camp Creek Corridor
Globenewswire· 2025-07-29 11:30
Including 6m of 6.17 g/t Gold, 221 g/t silver, 1.4% Copper and 0.27% Antimony from 63m depth VANCOUVER, British Columbia, July 29, 2025 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSX- V: BBB, OTCQB: BBBXF) (the "Company" or "Brixton") is pleased to announce its second batch of drill results of the 2025 season from its wholly owned Thorn Project located in NW British Columbia, Canada. The Thorn Project is an underexplored copper-gold porphyry district with several large-scale exploration target areas id ...
Xali Gold Provides Update on South American and Mexican Projects
Globenewswire· 2025-07-29 11:00
VANCOUVER, British Columbia, July 29, 2025 (GLOBE NEWSWIRE) -- Xali Gold Corp. (TSXV:XGC) ("Xali Gold" or the "Company") is pleased to advise that, aside from the Sarape Project in Mexico, the Company has decided to shift its exploration focus to South America. Within Mexico, Xali Gold has most recently been advancing the Sarape silver-gold Project ("Sarape") under option from Advanced Lithium Corp. Sarape is located in the Rio Sonora Valley of northern Mexico, a prolific gold-silver mining district that in ...
Endurance Reports Strong Antimony Drill Intersection from Crown Zone - 5.63 gpt Gold plus 5.12% Antimony over 3.3 M & 11.21 gpt Gold over 3.0 M
Newsfile· 2025-07-29 11:00
Core Insights - Endurance Gold Corporation reported strong assay results from its Reliance Gold Project, highlighting significant gold and antimony mineralization in multiple drill holes [2][3][4]. Drill Results - Drill hole DDH25-113 returned 5.63 grams per tonne (gpt) gold and 5.12% antimony over 3.3 metres, marking the best antimony grade over width intersection to date [3][11]. - Additional significant intersections from DDH25-113 include 11.21 gpt gold over 3.0 metres and 11.35 gpt gold over 0.6 metres [3][11]. - Drill hole DDH25-110 returned 2.34 gpt gold and 0.07% antimony over 14.1 metres, confirming continuous mineralization from surface to 530 metres down-dip [3][4]. - DDH25-111, a metallurgy hole, returned 2.22 gpt gold over 17.5 metres, including 5.58 gpt gold over 3.0 metres [3][11]. - DDH25-112 intersected narrower mineralized veins with gold grades of 3.25 gpt, 2.40 gpt, and 4.12 gpt over respective intervals [3][11]. Exploration Progress - The 2025 diamond drilling program has completed eight holes totaling 3,610 metres, with results pending for three additional holes [4][6]. - Nine out of fourteen drill holes from the "Crown Gap" have returned significant gold and antimony mineralization, indicating growth potential in the Crown Zone [3][4]. Future Plans - The company is currently conducting additional drill testing in the Crown Gap and plans to move the drilling rig to test near-surface targets up-dip of the Lower Crown discovery hole [4][6].