Mineral Exploration and Development
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Antipa Minerals (AZY) Earnings Call Presentation
2025-07-24 23:30
Minyari Dome Project Overview - The Minyari Dome project has a pre-tax NPV7% of A$834 million at a gold price of A$3,000/oz [15], with an IRR of 52% at the same gold price [21] - The project's initial gold output is estimated at 13 million ounces, averaging 130,000 ounces per year for the first 10 years [21] - The capital cost for the project is A$306 million, including A$90 million for pre-production mining [21] - The project has a gold equivalent resource of 29 million ounces [21] Resource and Exploration - The Minyari Dome Mineral Resource is estimated at 24 million ounces of gold [15] - Antipa Minerals holds a dominant 100% owned Paterson Province landholding of over 4,100km2 [1, 15] - Phase 1 CY2025 growth-focused drilling program completed 59 holes for 12,243m [46] - The company has A$71 million cash position [15] Development and Mining - The mine schedule includes 302 Mt at 15 g/t Au, with initial open pit and underground mining [21] - The mining physicals include a 3 Mtpa throughput for 10+ years initial processing life [21] - The project anticipates average gold recoveries of 90% [28] Corporate and Financial - The company's market capitalization is A$366 million [104] - The company has a clean capital structure with nil debt [103, 104]
Fitzroy Minerals Provides Corporate and Exploration Update
Thenewswire· 2025-07-16 13:15
Core Insights - Fitzroy Minerals Inc. is focusing on advancing its Buen Retiro and Caballos copper projects following successful exploration results in H1 2025 [1][2] - The company plans to divest its Polimet, Taquetren, and Cariboo projects to streamline operations and concentrate on core projects [6][8] Financing and Corporate Strategy - Fitzroy is funded for exploration and development work on core projects until 2027, with a strong treasury position following a recent financing of C$12.54 million [3][8] - The company aims to drive value on a per-share basis by concentrating on the Buen Retiro and Caballos projects, which have shown the best results to date [3][4] Buen Retiro Project Update - The 2025 exploration program at Buen Retiro will include 12,000 to 14,000 meters of drilling, with two diamond drill rigs currently active [7][9] - Initial results indicate the presence of near-surface copper mineralization, and the company plans to add a reverse circulation drill rig to expedite exploration [4][10] Caballos Project Update - Exploration at Caballos is progressing, with plans to add additional drill rigs to enhance drilling efforts [5][14] - The company is investigating geophysical methods to identify concealed mineralization beneath younger volcanic rocks [15][16] Polimet Project Update - Phase I drilling at Polimet totaled 2,486.4 meters across 12 drill holes, revealing multiple mineralized structures [17][22] - Initial results show promising copper and gold grades, with potential for high-grade zones along structural trends [20][21] Next Steps - Future drilling at Polimet will prioritize the San Pedro Trend and other key target zones to delineate high-grade shoots and contribute to a maiden resource [22][24]
Revival Gold Announces Upsize of Financing for a Total of $27 Million
GlobeNewswire News Room· 2025-07-14 18:32
Core Viewpoint - Revival Gold Inc. has announced an upsized strategic placement with EMR Capital Management Limited, raising a total of US$11.3 million (C$15.4 million) through the sale of 32,069,531 common shares at C$0.48 per share [1][2][3] Group 1: Strategic Placement Details - EMR's pro-forma interest in Revival Gold is expected to be approximately 12.00% upon closing, assuming full subscription of the Concurrent Offering [2] - The EMR Strategic Placement includes customary anti-dilution rights and the right to nominate a director to the Board of Directors [2] - The total raise has been upsized to accommodate significant demand, allowing the company to advance its projects [3] Group 2: Concurrent Offering - The company has also upsized its non-brokered private placement to up to C$11.6 million, issuing up to 24,180,469 common shares at the same price of C$0.48 per share [4] - The Common Shares under the Concurrent Offering will be offered to purchasers in Canada and may also be issued to purchasers outside Canada, including the United States, under applicable regulations [5] Group 3: Use of Proceeds - Net proceeds from both the EMR Strategic Placement and the Concurrent Offering will be used to advance the ongoing exploration and development of the Mercur and Beartrack-Arnett projects, as well as for general working capital [6] Group 4: Closing Conditions - The EMR Strategic Placement and Concurrent Offering are subject to customary closing conditions, including necessary regulatory approvals, with expected closing around July 29, 2025 [8]
Evergold Announces the Appointment of Alvin Jackson to the Board of Directors
Globenewswire· 2025-07-10 11:00
Company Overview - Evergold Corp. is a TSX-V listed mineral exploration company with projects in British Columbia and Nevada [3] - The company has a successful track record in the junior exploration space, including the establishment of GT Gold Corp. and the discovery of significant mineral deposits [3] Leadership Changes - Alvin W. Jackson has joined the board of directors, bringing extensive experience in mineral exploration and development [1] - Jackson has previously worked on major mineral deposits and founded EuroZinc Mining Corp., which grew to a market capitalization of over $1.8 billion before being acquired [1] Strategic Projects - Key projects for Evergold include the Golden Lion property in BC's Toodoggone region and the DEM porphyry prospect near Fort St. James, both of which are considered to have considerable merit [2] - The company aims to leverage these properties as a strong foundation for growth [2] Financial Performance - The establishment of GT Gold Corp. led to the discovery of the Saddle epithermal vein and porphyry copper-gold deposits, which were sold to Newmont for a fully diluted value of $456 million, representing a 1,136% return on exploration outlays of $36.9 million [3]
Nova Pacific Provides Drilling Update at Lara Project
Newsfile· 2025-06-06 12:30
Core Viewpoint - Nova Pacific Metals Corp. is advancing its Phase 1 exploration drill program at the Lara VMS Project, with a focus on confirming historical mineralization and exploring potential extensions [1][6]. Group 1: Drill Program Details - The Phase 1 drill program aims to complete approximately 8,500 metres of drilling across 39 holes, with 4,953 metres already completed in 21 NQ-sized diamond drillholes as of now [3][5]. - A second drill rig has been added to accelerate the drilling process, enhancing the efficiency of the program [2][5]. - Visible massive sulphide and sulphide vein mineralization have been identified in logged drill cores within altered felsic volcanics of the Sicker Group [3]. Group 2: Assay Results and Objectives - Seven drillholes have been sampled and sent to ALS Geochemistry for analysis, with four samples prioritized for rush assaying [4][5]. - The primary objectives of the Phase 1 program include confirming the presence and extent of historical mineralization and demonstrating the potential for expansion along the Coronation Trend [6]. Group 3: Stock Options and Community Engagement - The company has granted 650,000 incentive stock options to consultants and advisory board members, each exercisable at a price of $0.14 per share for up to five years [8]. - Nova Pacific emphasizes early engagement with First Nations communities to ensure that exploration activities are well-coordinated and supported, aiming for mutually beneficial partnerships [10]. Group 4: Company Overview - Nova Pacific is focused on the Lara VMS Project, which has a significant historical resource rich in critical and precious metals, located near excellent infrastructure [11]. - The company's strategy includes verification and exploration drilling, along with the completion of an updated mineral resource estimate [11].
Inventus Reports Average Grade and Thickness of 3.84 gpt Gold Over 1.82 Metres from Grade Control Drilling at Its 007 North 5,000-Tonne Bulk Sample Site
Globenewswire· 2025-06-04 11:00
Core Insights - Inventus Mining Corp. has reported positive drilling results from its first planned 5,000-tonnes bulk sample site at the Pardo Gold Project, indicating strong potential for gold mineralization [1][3][5] Drilling Program Details - The grade control drilling program for the first bulk sample site, 007 North, has been completed, with a total of 68 holes drilled over 623 metres [3] - The drilling outlined approximately 5,000 tonnes of material with an average grade of 3.84 grams per tonne (gpt) gold and an average thickness of 1.82 metres [3][7] - Notable drill intercepts include 12.92 gpt gold over 1.49 metres and 9.76 gpt gold over 1.76 metres, among others [7] Future Plans - The company plans to advance to the next phase of the program, which includes finalizing a milling agreement and initiating the extraction of the first 5,000 tonnes [5] - Additional drilling is planned to define the remaining 30,000 tonnes of the bulk sample program [5] Company Overview - Inventus Mining Corp. is focused on mineral exploration and development in the Sudbury mining district, with a 100% interest in the Pardo Paleoplacer Gold Project [6] - The Pardo project is noted as the first significant paleoplacer gold discovery in North America [6]
Nova Minerals Outlines Estelle 15,000m Exploration and Project Advancement Plan
Globenewswire· 2025-05-30 10:30
Core Viewpoint - Nova Minerals Limited is preparing for a significant 2025 field season at its Estelle Project in Alaska, with a 15,000-meter drilling program aimed at advancing key gold and antimony deposits towards feasibility and permitting [3][4]. 2025 Field Program Preparations - Preparations for the field season include clearing the Whiskey Bravo airstrip, transporting fuel and supplies, and mobilizing drill teams and equipment [4][5]. - The drilling program will utilize two diamond drill rigs and a reverse circulation (RC) rig, with operations expected to run continuously during the Alaskan summer [8]. - Initial drilling will focus on RPM, Stibium, and Korbel deposits, with a comprehensive surface sampling program planned across the broader Estelle project area [6][23]. Drilling Focus Areas - Approximately 10,000 meters of drilling is planned at RPM, targeting resource definition and exploration drilling to expand the deposit [11][13]. - At Stibium, around 3,000 meters of drilling will aim to establish a maiden mineral resource estimate for both gold and antimony, with significant surface sampling results reported [17][19]. - Korbel will see approximately 2,000 meters of drilling, focusing on evaluating a potential higher-grade starter pit [21]. Economic Context - The company highlights the strategic significance of its assets, with gold and antimony prices near historic highs, which could enhance the economic return of the Estelle Project [3][5]. - Nova is pursuing potential U.S. Department of Defense funding to accelerate the establishment of a mineral resource estimate and production capabilities at Estelle [6][25]. Feasibility and Environmental Studies - Alongside drilling, Nova is advancing its metallurgical, environmental, and process engineering test work to support the ongoing feasibility study and streamline the permitting process [25]. Company Overview - Nova Minerals Limited is focused on the exploration and development of gold, antimony, and critical minerals, with the Estelle Project comprising over 514 km of mining claims in the Tintina Gold Belt, known for its significant gold and antimony resources [31].
North Bay Resources Announces April Gold Concentrate Sales and Mobilization at Fran Gold Project, British Columbia
Globenewswire· 2025-05-28 13:23
Core Viewpoint - North Bay Resources, Inc. has successfully completed the final acceptance and settlement of its gold concentrate test shipments from the Fran Gold Project, indicating progress in its operations and potential for increased production capacity [1]. Shipment Results - The total weight of gold concentrate shipments in April 2025 was 667 wet pounds, with shipments 2 and 3 processed at the Bishop Gold Mill [5]. - Shipment 2 had a dry weight of 222 pounds, with an average recovered grade of 0.08 ounces per ton, resulting in a per ton value of $260 [6]. - Shipment 3 had a dry weight of 318 pounds, with an average recovered grade of 0.11 ounces per ton, resulting in a per ton value of $360 [6]. Operational Improvements - Upgrades to the raker/classifier during April improved consistency and reduced material size, leading to better recovery rates in shipment 3, which was within 10% of shipment 1 [6]. - The implementation of a drying circuit reduced moisture content by 60% from 16.20% in shipment 2 to 7.15% in shipment 3 [6]. Future Production Plans - The company aims to ramp up production to 100 tons per week in the short term and achieve full commercial production of 100 tons per day thereafter [6]. - A finalized flotation circuit design includes an additional mixing tank to enhance gold recovery through improved reagent addition [7]. Fran Gold Project Development - Mobilization for further development at the Fran Gold Project is set to begin in early June, focusing on exploration and preparation for additional ore shipments [8]. - The company plans to implement grade control on stockpiles to maximize head grade at the mill and ensure continuous throughput [8]. Resource Estimates - The current resource estimate for the Bullion Alley - Main Zone is approximately 20,035,146 tonnes at an average grade of 0.50 grams per tonne, totaling 323,170 troy ounces [10]. - The Bullion Alley - Main Zone combined with the East Extension has a total resource of 43,797,234 tonnes at an average grade of 0.34 grams per tonne, totaling 474,001 troy ounces [11]. Economic Considerations - Using a gold price of $3,100 per ounce, the gross value in the Main Zone is estimated at $50 per tonne, with mining costs at the nearby Blackwater Gold Mine at $9 per tonne processed [12]. - The company is consulting with mine engineering firms regarding detailed economics and mine planning for the bulk tonnage deposit [12]. Geological Insights - Past exploration has revealed large intercepts of mixed vein and disseminated gold, with the deposit area identified to exceed 1000m x 100m x 300m [13]. - The Fran Gold Project is strategically located near significant mining operations, including Centerra Gold's Mt. Milligan Project and Artemis Gold's Blackwater Mine, which enhances its potential for resource development [13].
Dolly Varden Announces Closing of the Acquisition of Hecla's Kinskuch Property
Newsfile· 2025-05-26 12:00
Core Viewpoint - Dolly Varden Silver Corporation has successfully completed the acquisition of the Kinskuch Property, significantly expanding its Kitsault Valley Project in British Columbia's Golden Triangle, which is rich in silver, gold, and copper mineralization [1][2]. Acquisition Details - The Kinskuch Property was acquired from Hecla Mining Company for a total consideration of $5 million, satisfied through the issuance of 1,351,963 common shares [2]. - Hecla will retain a 2% net smelter return royalty on the Kinskuch Property, with a provision for Dolly Varden to buy back 50% of the royalty for $5 million [2]. - Hecla will also maintain a position on Dolly Varden's Technical Committee to assist in exploring the potential of the newly acquired property [2]. Property Overview - The Kinskuch Property is contiguous to the east and south of the Kitsault Valley Project, increasing the project size to approximately 77,000 hectares [1][3]. - The acquisition triples the total strike length of favorable Jurassic age Hazelton-group volcanic rocks, adding the Illiance trend to the Kitsault Valley trend [3]. - The Illiance trend has seen limited modern exploration, primarily localized diamond drilling by Hecla [3]. Historical Context - The acquisition area includes the past-producing Esperanza Mine, which operated in 1910 and is interpreted to have similar silver grades to the historic Dolly Varden Mine [4]. - The Esperanza Mine is located along the Kitsault Valley access road, just two kilometers north of Dolly Varden's camp [4]. Geological Potential - The southwestern portion of the Kinskuch Property covers Hazelton Group rocks that are within seven kilometers of Goliath Resources Limited's Surebet Zone gold mineralization [5]. - The area has the potential to host additional gold-copper porphyry systems, particularly towards the Kitsault molybdenum porphyry deposit [5]. Company Background - Dolly Varden Silver Corporation is focused on advancing its 100% held Kitsault Valley Project, which includes the Dolly Varden Property, Homestake Ridge Property, and Kinskuch Property [12]. - The project is located in the Golden Triangle of British Columbia and is considered prospective for hosting further precious metal deposits [12].
U.S. GoldMining Provides Update on Exploration Targets at the Whistler Gold-Copper Project, Alaska
Prnewswire· 2025-05-15 10:00
Core Viewpoint - U.S. GoldMining Inc. has provided an update on the exploration results for the Whistler Gold-Copper Project, highlighting significant potential for further discoveries and resource development in Alaska [1][4]. Exploration and Resource Potential - The Whistler Project contains three mineral systems: Whistler - Raintree, Island Mountain, and Muddy Creek, with existing deposits and numerous undrilled targets identified [2][5]. - The current mineral resource estimate includes 294 million tonnes (Mt) at 0.68 grams per tonne (g/t) gold equivalent (AuEq) for 6.48 million ounces (Moz) AuEq indicated, and 198 Mt at 0.65 g/t AuEq for 4.16 Moz AuEq inferred [8]. - The existing deposits occupy only approximately 1% of the Company's land holdings, indicating broader exploration potential across the 53,700 acres of State mining claims [3][5]. Infrastructure and Economic Assessment - The Whistler Project is strategically located near major infrastructure and is expected to benefit from the planned West Susitna Access Road, enhancing its economic viability [4]. - An initial economic assessment has been launched for the known gold-copper deposits, with exploration programs designed to run concurrently to maximize the project's potential [5][6]. Geological Analysis and Future Plans - Geological analysis indicates significant potential for further discoveries based on previous drilling campaigns and ongoing exploration efforts [4][6]. - The Company is prioritizing numerous targets across the identified mineral systems and plans to develop phased exploration programs starting in the summer [5][6]. Recent Discoveries - Notable drill results include the longest intercept of consistent mineralization at the Whistler Deposit, measuring 652.5 meters at 0.73 g/t Au, and a new discovery near Raintree West of 138.0 meters at 0.99 g/t AuEq [11].