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GoldHaven Resources Provides Auger Drill Program Update at Copeçal Gold Project in Mato Grosso, Brazil
Globenewswire· 2025-06-26 13:00
VANCOUVER, British Columbia, June 26, 2025 (GLOBE NEWSWIRE) -- GoldHaven Resources Corp. (“GoldHaven” or the “Company”) (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS) is pleased to provide an update on its systematic auger drill program over the east and west anomalies initiated on June 9th, 2025. The Company’s geological team has successfully drilled past the half-way mark and the first round of assays have been shipped to ALS Global Laboratory, with sample preparation being completed in Cuiaba, and sample analysis ...
Churchill Resources Announces Fully Subscribed $700,000 Private Placement and Strategic Leadership Changes to Bolster Growth and Operational Execution
Globenewswire· 2025-06-26 11:00
Core Viewpoint - Churchill Resources Inc. is undertaking a non-brokered private placement to raise up to $700,000 and is implementing a strategic leadership transition to enhance its capital markets presence and operational execution as it advances its projects in Newfoundland and Labrador [1][2]. Private Placement Financing - The private placement will consist of up to 14,000,000 common shares priced at $0.05 per share, with proceeds aimed at advancing exploration activities and general corporate purposes [2]. - The expected closing date for the private placement is around July 9, 2025, pending approval from the TSX Venture Exchange [2]. Strategic Leadership Changes - The leadership transition aims to strengthen the company's strategic and operational capabilities while maximizing continuity benefits [3]. - Conan McIntyre will focus on corporate strategy, capital markets activities, and business development, while Paul Sobie will concentrate on advancing exploration programs [4]. Exploration Focus - Paul Sobie expressed enthusiasm for dedicating full attention to exploration activities at key sites including Black Raven, Taylor Brook, and Florence Lake, aiming to accelerate field programs and maximize asset value [6]. - The Black Raven property is highlighted as a significant exploration opportunity with a polymetallic metal assemblage and historical production evidence, which has not been drilled using modern techniques [7]. Management Experience - The management team and board of Churchill Resources Inc. possess extensive experience in mineral exploration and establishing successful publicly listed mining companies, both in Canada and globally [7].
Latin Metals Amends Agreement for 100% Ownership of Drill-Ready Cerro Bayo Silver-Gold Project, Santa Cruz Province, Argentina
Globenewswire· 2025-06-25 12:30
VANCOUVER, British Columbia, June 25, 2025 (GLOBE NEWSWIRE) -- Latin Metals Inc. ("Latin Metals" or the "Company") - (TSXV: LMS) (OTCQB: LMSQF) is pleased to announce that it has entered into an amending agreement (the "Amended Agreement") to complete acquisition of 100% of the Cerro Bayo and La Flora Properties ("Cerro Bayo"), located in Santa Cruz Province, Argentina. This follows the receipt of drill permits earlier this year, positioning Cerro Bayo as a fully permitted, drill-ready silver-gold explorati ...
Dixie Gold Inc.: 6,000m+ Drill Program Commences at the Preston Uranium Project JV; Updates Other Portfolio Projects
Thenewswire· 2025-06-25 12:00
Core Viewpoint - Dixie Gold Inc. has commenced a summer 2025 drill program at the Preston Uranium Project JV, with a budget of approximately C$3,500,000, targeting multiple high-priority uranium sites [1][5][3] Group 1: Project Update - The drill program at the Preston Uranium Project JV is being managed by Orano Canada Inc. and is expected to cover 6,000m to 7,000m [1] - Dixie Gold holds a 21% interest in the Preston Uranium Project JV, which is anticipated to decline after the drill program [3] - The project area spans approximately 49,635 hectares, adjacent to NexGen Energy Ltd.'s Rook-1 project [1] Group 2: Financial Considerations - The planned all-in budget for the drill program is approximately C$3,500,000 [1] - The company aims to manage project-level dilution rather than company-level equity dilution to maintain shareholder value [3][9] - Future funding requirements are expected to exceed the company's current working capital, necessitating a reassessment of its interests in the Preston Uranium Project JV [5][9] Group 3: Exploration Strategy - Dixie Gold is focused on maintaining a portfolio of exploration interests that provide opportunities for shareholders [7] - The company is monitoring other regional activities, including results from Ramp Metals Inc. and Kinross Gold Corporation, which may influence future project decisions [10][14] - The management emphasizes a balanced approach to exploration and equity dilution, considering the high-risk nature of early-stage mineral exploration [20]
Q2 Metals Intercepts 151 Metres of Continuous Spodumene Pegmatite at the Cisco Lithium Project in Quebec, Canada and Announces Option Payments on Cisco Project Properties
Globenewswire· 2025-06-24 11:30
Core Viewpoint - Q2 Metals Corp. has commenced drilling at the Cisco Lithium Project in Quebec, aiming to enhance the understanding of the mineralized zone and build towards a mineral resource estimate [2][3][5]. Drilling Program - The 2025 Summer Program focuses on infill drilling along a 1.5 km mineralized strike length, with the first hole (CS-25-036) exceeding expectations by extending the known mineralized zone [3][5][6]. - Hole CS-25-036 was completed to a depth of 582.11 m, intersecting three additional spodumene pegmatite intervals, with the widest being 151.0 m [4][6]. Geological and Sampling Activities - A detailed mapping and sampling campaign covering the 41,253-hectare Cisco Project is ongoing, with 390 rock samples collected and results expected soon [15]. - Initial metallurgical testing is underway on composite samples from previous drill holes, exploring various separation methods to evaluate the mineralized zone's beneficiation [17]. Option Agreements - The company has successfully exercised option agreements for the Broadback and Ouagama claim groups, acquiring 100% interests in these areas [19][20]. - The Cisco claim group option agreement involves a total payment of $2,000,000 and the issuance of 40,000,000 common shares, with the first anniversary payment of $500,000 made [21]. Upcoming Events - Q2 Metals will attend the Fastmarkets 17 Lithium Supply and Battery Raw Materials Conference in Las Vegas from June 23-26, 2025 [23]. Company Overview - Q2 Metals is focused on the Cisco Lithium Project, which consists of 801 claims and has district-scale potential with an identified mineralized zone [27][28].
Rocky Shore Initiates Summer Program at Gold Anchor Project, Newfoundland
Globenewswire· 2025-06-24 11:00
TORONTO, June 24, 2025 (GLOBE NEWSWIRE) -- Rocky Shore Gold Ltd. (the “Company”) (CSE: RSG) is pleased to announce that a fully permitted summer exploration program has begun at its 100% owned Gold Anchor Project in central Newfoundland, Canada. The program will focus on its recently discovered 6,000-metre-long Lane Pond Gold Target, which is strategically located along the prolific, gold-bearing Appleton Fault. The Appleton Fault is a major gold-bearing fault zone trending for greater than 150 kilometres i ...
Mundoro Commences the 2025 Summer Drill Program at Borsko with BHP
Newsfile· 2025-06-23 12:21
Core Viewpoint - Mundoro Capital Inc. has commenced its summer drill program at the Borsko Project in Serbia, which is part of an option earn-in agreement with BHP in the Central Timok Magmatic Complex [1][2]. Group 1: Project Details - The Borsko Project spans approximately 40 square kilometers and is strategically located west of the established Bor Mine, within a highly prospective structural corridor of the Timok Magmatic Complex [2][3]. - Exploration has identified several key targets, including Target 1, which is a well-preserved alteration lithocap measuring approximately 1.6 km by 1 km, indicative of a nearby porphyry system [2]. - A new geophysical anomaly, the Borsko NW Target, has been identified and will be the focus of an initial 1,000-meter drill hole, with drilling expected to conclude in Q3-2025 [2]. Group 2: Regional Context - The Timok region is a well-known mining district with over a century of mining operations, hosting approximately 4 billion tonnes in porphyry systems across five known mines [3]. - The Timok Magmatic Complex contains some of the largest copper-gold porphyry deposits in the western Tethyan Belt, including notable mines such as Cukaru-Peki and the Bor Mining Complex [3]. Group 3: Company Overview - Mundoro Capital Inc. is publicly listed on the TSX-V in Canada and OTCQB in the USA, focusing on a portfolio of mineral properties primarily targeting base and precious metals [6]. - The company's strategy includes generating near-term cash payments and creating royalties from mineral properties optioned to partners, with a current focus on copper in Eastern Europe and the southwest USA [6].
Ridgeline Minerals Commences Drill Program at the Selena CRD Project, Nevada
Newsfile· 2025-06-23 12:00
Core Insights - Ridgeline Minerals Corp. has initiated its 2025 drill program at the Selena Carbonate Replacement project in Nevada, under a Phase 1 earn-in agreement with South32 Limited [1][11] - South32 has allocated a Year-2 exploration budget of $3,450,000 for drilling three deep core holes, totaling 4,500 meters, to target a significant Magnetotellurics anomaly at the Chinchilla Sulfide CRD target [2] Company Overview - Ridgeline Minerals is focused on precious and base metal exploration, with a portfolio of seven projects covering 200 square kilometers in Nevada [12] - The Selena project spans 39 square kilometers and is strategically located near the Butte Valley project, which has a $33 million earn-in agreement with Freeport-McMoRan [11] Project Details - The Selena project includes both shallow-oxide and deeper sulfide discoveries, indicating potential for high-grade CRD type mineralization [11] - The planned drilling will specifically target stratigraphic and structural horizons associated with the MT anomaly, which is interpreted as a key fluid conduit for the CRD system [2][6]
Morocco Strategic Minerals Launches Maiden Drill Program on Timarighine Property
Globenewswire· 2025-06-20 12:00
MONTRÉAL, June 20, 2025 (GLOBE NEWSWIRE) -- Morocco Strategic Minerals Corporation. (TSXV: MCC) ("Morocco Strategic Minerals" or the "Corporation") is pleased to announce the commencement of its maiden drilling program on the Timarighine property, located in the eastern Anti-Atlas region of Morocco. This follows a successful initial exploration phase which confirmed the presence of high-grade copper mineralization and a robust structural framework with potential for scale. Phase 1 Highlights The initial pha ...
Miata Targets Golden Hand’s Centre After Drilling Broad Mineralized Zones at Sela Creek Gold Project in Suriname
Globenewswire· 2025-06-19 12:30
Core Insights - Miata Metals Corp. has announced assay results from drill holes 10 to 12, continuing its exploration at the Golden Hand target within the Sela Creek project, which is part of a larger 10,000m drilling program [1][6] - The Golden Hand target is located within an 8km corridor of active and historic artisanal mining, with significant potential for further discoveries as less than 10% of the area has been drill-tested at depth [2][5] - The drilling campaign is providing valuable insights into the bedrock mineralogy, enhancing the understanding of structural controls, which will be applied to other high-priority targets [3][5] Drilling Results - The results from the three reported drill holes indicate potentially significant mineralized zones, with notable intercepts including: - 25DDH-SEL-010: 13.1m at 0.46 g/t Au from 38.0m, 24.2m at 0.24 g/t Au from 55.0m (including 2m at 1.32 g/t Au), and 25.5m at 0.36 g/t Au from 180.5m (including 2m at 2.35 g/t Au) [6] - 25DDH-SEL-011: 50.1m at 0.30 g/t Au from 52.9m (including 2.1m at 1.49 g/t Au) [6] - Assays for an additional five drill holes are pending, with hole 25DDH-SEL-017 currently being drilled to target the interpreted center of the Golden Hand [6][7] Structural Insights - The drilling at Golden Hand has refined the structural model, which is now being applied across the broader Sela Creek concession, indicating a significant zone of interest with shallow-dipping vein arrays [5][7] - The exploration is focused on both open-pit and underground mineralized systems, enhancing the potential for future mining operations [2][5] Company Overview - Miata Metals Corp. is a Canadian mineral exploration company focused on the acquisition, exploration, and development of mineral properties, holding a 70% interest in the Sela Creek Gold Project and a 70% beneficial interest in the Nassau Gold Project, both located in Suriname [16]