Mineral Resource Estimate
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Scorpio Gold Drills 25.02 Metres Grading 0.76 g/t Gold, from 138.35 Metres Along the Reliance Trend at the Manhattan District, Nevada
TMX Newsfile· 2026-01-23 11:00
Core Insights - Scorpio Gold Corp. has announced results from three drill holes in its 2025 drilling program at the Manhattan District Project in Nevada, with a total of 38 holes drilled to date, amounting to 11,906 meters [1][2] Drilling Program Details - The company has reported assays for 26 of the drilled holes, totaling 8,584 meters, while assays for 12 holes are pending, totaling 3,322 meters [1][5] - The focus for 2026 includes consistent delivery of results and advancing geological understanding, with plans to test targets outside the core resource area [2] Drill Hole Results - Hole 25MN-036 returned significant results of 0.76 g/t gold over 25.02 meters, including 2.23 g/t gold over 7.47 meters [5][11] - Hole 25MN-034 contained three intervals with grades of 0.51 g/t, 0.20 g/t, and 0.24 g/t gold [8] - Hole 25MN-035 had one significant interval grading 0.25 g/t gold [9] Geological Insights - The mineralization observed aligns with the existing geological model, with structural features influencing mineralization controls [4] - The company has been collecting oriented core since mid-2025 to enhance confidence in structural features [4] Future Exploration Plans - The company is positioning one of its active rigs to test broader district-scale potential, starting with a two-hole program at Black Mammoth [2] - Pending assays from holes drilled in various structurally complex zones are expected to provide further insights into resource potential [16][19] About the Manhattan District - The Manhattan District is located in the Walker Lane Trend of Nevada and has historically produced approximately 700,000 ounces of gold [23] - The maiden mineral resource estimate indicates 18,343,000 tonnes grading 1.26 g/t gold for a total of 740,000 ounces of contained gold in the inferred category [23]
Omai Gold Engages SLR Consulting to Deliver an Updated Mineral Resource Estimate and Updated Preliminary Economic Assessment
TMX Newsfile· 2026-01-22 13:23
Core Viewpoint - Omai Gold Mines Corp. is advancing its Omai Gold Project in Guyana by engaging SLR Consulting for an updated Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA), with significant expansions planned for the Wenot open pit and Gilt Creek underground deposits [1][3]. Company Overview - Omai Gold Mines Corp. is a Canadian gold exploration and development company focused on expanding its 100%-owned Omai Gold Project in Guyana, recognized as one of the fastest-growing gold camps in the Guiana Shield [4]. - The company reported a 96% increase in the Wenot Gold Deposit's MRE to 970,000 ounces of gold (Indicated) at an average grade of 1.46 g/t Au, and 3,717,000 ounces of gold (Inferred) at an average grade of 1.82 g/t Au [4]. Project Developments - The updated MRE is expected in Q1 2026, followed by the PEA in Q2 2026, which will include the expanded Wenot open pit and Gilt Creek underground deposits [1][4]. - The Omai Gold Mine previously produced over 3.7 million ounces of gold from 1993 to 2005, benefiting from existing infrastructure and proximity to major cities in Guyana [4]. Consulting Engagement - SLR Consulting, with over 35 years of experience in mining advisory and technical services, has been engaged to provide support for the updated MRE and PEA, leveraging its multidisciplinary expertise [2].
Metals Creek Sells Tillex Copper Project
TMX Newsfile· 2026-01-22 13:01
Core Viewpoint - Metals Creek Resources Corp. has announced the sale of its 85% interest in the Tillex Copper-Silver Project to Aruma Resources Limited, allowing the company to focus on its Ogden Gold Project while retaining an interest in Tillex through equity shares and royalties [1][8][16]. Group 1: Transaction Details - The binding heads of agreement has been executed for the sale of Patent Claims 65382-0096 and 65382-0097, which comprise the Tillex Project [2]. - The acquisition includes a cash payment of C$100,000 and shares valued at C$125,000 upon closing, with additional deferred payments based on resource milestones [30]. - Aruma will grant a 0.5% net smelter return (NSR) royalty, which can be reduced by half for a payment of C$250,000, resulting in a total NSR royalty of 1% for Metals Creek [24]. Group 2: Project Overview - The Tillex Project is located in the Timmins mining district, known for its mining-friendly jurisdiction, and is characterized by copper sulphide mineralization starting just below a shallow overburden [4][14]. - The project has a known depth of approximately 150m, with mineralization interpreted to extend along strike beyond the current drill coverage of about 450m [5][14]. - Historical drilling has shown significant high-grade copper and silver intersections, including up to 5m at 355.30g/t Ag from drill hole TX11-008 [9][15]. Group 3: Future Plans and Exploration - Aruma plans to implement a dual strategy of exploration and resource development to expand the mineralized footprint and confirm a maiden Mineral Resource Estimate (MRE) [6][41]. - Initial exploration will focus on near-surface high-grade targets and the extensions of the current mineralized footprint, with a planned first-phase drilling program [41][48]. - The project is well-positioned with access to infrastructure, including power and water, and is located near major mining operations [27][28].
Q2 Metals Extends Known Mineralized Zone with 179.2 Metre Intercept of 1.24% Li₂O at the Cisco Lithium Project
Globenewswire· 2026-01-22 12:00
Core Viewpoint - Q2 Metals Corp. has reported positive analytical results from its 2025 drill program at the Cisco Lithium Project, indicating significant growth potential and the upcoming delivery of an inaugural inferred Mineral Resource Estimate in Q1 2026 [2][3]. Exploration and Drilling Results - The 2025 Drill Program included a total of 74 drill holes, amounting to 31,961 meters, with ongoing drilling focused on infill drilling to upgrade inferred resources to indicated status [4][7][29]. - Drill hole CS25-065 revealed a mineralized pegmatite interval of 179.2 meters at an average grade of 1.24% Li2O, extending the known Mineralized Zone to the north [4][16]. - Drill hole CS25-057 encountered a 49.8-meter interval averaging 1.41% Li2O, consistent with previous drilling results [4][16]. - The Exploration Target published in July 2025 estimated potential lithium mineralization of 215 to 329 million tonnes at grades ranging from 1.0% to 1.38% Li2O based on the first 40 holes drilled [6][28]. Future Plans and Objectives - The company aims to complete an inaugural Preliminary Economic Assessment by late 2026, with a primary focus on upgrading the inferred mineral resources [3][29]. - The ongoing exploration program will also test areas surrounding the Mineralized Zone to further assess the project's potential [17][29]. Corporate Developments - Q2 Metals has granted stock options and performance share units to its directors and officers as part of its Equity Incentive Plan, aimed at aligning interests with shareholder value [20][21]. - The company is actively participating in upcoming industry events, including the Vancouver Resource Investment Conference and the Prospectors & Developers Association Convention [23].
Azimut to Conduct 10,000-metre Drill Program to Expand the Patwon Gold Deposit on the Elmer Property, James Bay region, Québec
Globenewswire· 2026-01-22 11:30
Core Viewpoint - Azimut Exploration Inc. is initiating a new work phase to expand the Patwon Gold Deposit on its Elmer Property in Québec, supported by favorable gold prices and an internal scoping study conducted in 2025 [1][2]. Group 1: New Work Phase and Drilling Program - The planned program includes a 10,000-metre diamond drill initiative aimed at expanding the known gold resource and testing defined targets near Patwon [2]. - Following positive results, the company will update the NI 43-101 mineral resource estimate and conduct a preliminary economic assessment (PEA) [2]. Group 2: Resource Estimates and Growth Potential - The 2023 NI 43-101 compliant mineral resource estimate indicated 311,200 ounces of indicated resources at a grade of 1.93 g/t Au and 513,900 ounces of inferred resources at a grade of 1.94 g/t Au, using a gold price of US$1,800 per ounce [6][15]. - At a higher gold price of US$2,160 per ounce, the estimate showed 322,900 ounces at 1.76 g/t Au (indicated) and 363,600 ounces at 2.04 g/t Au (inferred) [3][15]. - A systematic review of previous drilling data suggests potential resource growth to the west, with a target zone of 350 metres on-strike by 400 metres vertically, indicating a higher-grade gold rake that has not yet been tested [4]. Group 3: Technical Studies and Property Overview - Contingent on positive drilling results, Azimut plans to initiate advanced technical studies, including metallurgical testwork, geochemical characterization, rock mechanics data collection, energy and infrastructure assessment, and environmental baseline studies [7][6]. - The Elmer Property consists of 658 claims covering a 42.8-kilometre strike length, located in a region with excellent infrastructure, including road access and hydroelectric power [8][6]. Group 4: Company Background and Shareholder Information - Azimut is recognized for its mineral exploration capabilities and holds the largest mineral exploration portfolio in Québec, focusing on gold, copper, nickel, and lithium [10]. - The company has strategic investors, Agnico Eagle Mines Limited and Centerra Gold Inc., holding approximately 11% and 9.9% of the company's shares, respectively [11].
Tudor Gold Announces Updated Mineral Resource Estimate for Treaty Creek Project, with Higher-Grade Sensitivities
TMX Newsfile· 2026-01-22 10:00
Core Viewpoint - Tudor Gold Corp. has announced an updated Mineral Resource estimate (2026 MRE) for the Goldstorm Deposit at its Treaty Creek Project, indicating a 15% increase in Indicated Mineral Resources of gold compared to the 2024 estimate, highlighting the project's higher-grade potential and plans for future production [2][3][4]. Summary by Sections Mineral Resource Estimate Highlights - The 2026 MRE was prepared with a net smelter revenue (NSR) cut-off value of US$50 per tonne, with additional sensitivities at US$125 and US$175 per tonne [2][18]. - The updated estimate shows an increase in Indicated Mineral Resources of gold to 24.9 million ounces, with significant amounts of silver and copper also reported [5][4]. Geological Framework and Deposit Model - The Goldstorm Deposit is located within Early Jurassic intrusive rocks and is influenced by regional-scale contractional faults, which have played a critical role in mineralization [23][25]. - The deposit consists of five distinct mineralized domains, each with unique geological characteristics, indicating a large, structurally controlled mineral system [26][27]. Mineral Resource Estimation Methodology - The estimate was based on 359 diamond drill holes totaling 191,466 meters, incorporating data from both the company and previous operators [3][4]. - The methodology utilized industry-standard software and techniques, ensuring accurate representation of complex vein geometries [11][12]. Next Steps - Ongoing metallurgical testing aims to support the development of a mine plan targeting approximately 300,000 ounces of gold per year, with a preliminary economic assessment expected later this year [2][34]. - The company is advancing its strategy for placing the Treaty Creek Project into production based on the updated resource estimate [2][34]. Financing Update - In December 2025, the company closed a private placement of flow-through units, raising approximately $12.5 million to support its exploration and development activities [35].
Formation Metals to Commence Maiden Mineral Resource Estimate Inclusive of Nearly 70,000 Metres of Drilling Following Completion of Ongoing Phase 1 Drill Program at the Advanced N2 Gold Project
Accessnewswire· 2026-01-22 08:01
Core Insights - Formation is conducting a fully funded 30,000-metre drill program at its N2 Gold Project in Quebec, which has a historic resource of approximately 871,000 ounces of gold [1] - The project includes 18 million tonnes grading 1.4 g/t Au (approximately 810,000 ounces) across four zones and 243,000 tonnes grading 7.82 g/t Au (approximately 61,000 ounces) in the RJ zone [1] - The Phase 1 drill program has been expanded to about 14,000 metres based on positive fieldwork results, including significant intervals comparable to historical drilling [1] Drilling Results - Significant intervals include N2-25-008, which intercepted 208.8 metres of target mineralization starting at 28.6 metres downhole, with multiple intervals exceeding 40 metres in width, including a maximum of 70.0 metres [1] - One notable interval, 245-91-151, intercepted 1.7 g/t Au over 35.0 metres, indicating strong mineralization potential [1]
Endurance Reports a New Geochemical Anomaly Significantly Extending the Royal Shear Trend and Enhances Potential at Several Olympic Geochemical Anomalies
TMX Newsfile· 2026-01-21 12:00
Core Insights - Endurance Gold Corporation has announced positive results from its exploration activities at the Reliance Gold Project, indicating potential for significant undiscovered gold resources [1][4]. Exploration Results - The company reported an Inferred Mineral Resource Estimate of 19.6 million tonnes at an average grade of 2.30 grams per tonne (gpt) gold, equating to 1.45 million ounces of contained gold [2]. - The 2025 exploration program included systematic geochemical surveys, resulting in high-priority drill targets and the identification of new geochemical anomalies [4][10]. New Anomalies - The Eagle Offset Anomaly, measuring 1,300 meters in length and 500 meters wide, was identified 500 meters south of the current Mineral Resource Estimate, with significant gold values detected [5][6]. - The Olympic Claims also revealed new geochemical anomalies, including the Whisky Jack anomaly, which returned a chip sample of 8.58 gpt gold over 1.6 meters [12][6]. Sampling and Analysis - Over 1,500 soil samples and 190 rock samples were collected and analyzed during the 2025 season, leading to the recognition of new significant geochemical anomalies [4][11]. - The Eagle Offset anomaly's soil samples returned an average arsenic value of 123 ppm, with a maximum of 2,835 ppm, indicating a strong correlation with gold mineralization [7][8]. Future Plans - The company plans to conduct a comprehensive drilling and trenching program to test the bedrock source of the Eagle Offset anomaly [5][4]. - A multi-year exploration permit application has been submitted to enable substantial drilling programs on the Olympic Claims [14].
Signature Resources Announces Results of Gold Deportment Study and Appointment of Stacy Freudigmann to Advisory Board
TMX Newsfile· 2026-01-20 22:35
Toronto, Ontario--(Newsfile Corp. - January 20, 2026) - Signature Resources Ltd. (TSXV: SGU) (OTCQB: SGGTF) (FSE: 3S30) ("Signature" or the "Company") is pleased to announce results from an independent gold deportment and mineralogical study completed by SGS Canada Inc. ("SGS") on composite samples from the four main identified gold zones within the Company's Lingman Lake Gold Project in northwestern Ontario.Highlights from the deportment study:Gold occurs primarily as free milling gold and gold-silver all ...
Tartisan Nickel Corp. to Advance the Sill Lake Silver Project, Sault Ste. Marie, Ontario
TMX Newsfile· 2026-01-20 12:50
Core Viewpoint - Tartisan Nickel Corp. is advancing plans for the Sill Lake Silver Project, aiming for renewed exploration and project development in Ontario [1] Project Overview - The Sill Lake Project spans 970 hectares and is a former Silver-Lead producer with documented historic underground mining operations [2] - A historic mineral resource estimate, prepared by SMX International Corp. as per NI43-101 standards, is available, with an effective date of May 9, 2021 [2][3] Mineral Resource Estimates - The NI43-101 report indicates the following in-situ Measured and Indicated Mineral Resources for the Main Vein: - Measured Resources: 35,703 tonnes grading 4.52 oz/ton silver, containing 161,490 ounces of silver - Indicated Resources: 67,941 tonnes grading 4.37 oz/ton silver, containing 296,843 ounces of silver - Total Measured and Indicated: 103,644 tonnes grading 4.42 oz/ton silver, containing 458,333 ounces of silver, along with 1,467,965 pounds of lead and 505,126 pounds of zinc [7] Project Advancement Strategy - The company is undertaking technical and logistical planning to reactivate the Sill Lake Project, viewing it as a brownfields Silver-Lead opportunity within a proven Ontario mining jurisdiction [4] - Plans include evaluating additional veins (North, Middle, and South Trends) for potential silver mineralization and identifying priority drill targets [3][8] Stakeholder Engagement - Initial engagement with local and regional stakeholders is part of the project advancement strategy [8]