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Sable Reports Mineralized Hydrothermal Breccia Intercepts, Including 0.58% Cu, 0.3 g/t Au, 0.13% Mo over 20.0m within 109.6m @ 0.23% Cu, 0.15 g/t Au, 589 ppm Mo at the Pyros Porphyry System in San Juan Province, Argentina
Globenewswire· 2025-06-10 11:00
Core Insights - Sable Resources Ltd. announced positive drilling results from the Pyros porphyry system at the El Fierro Project in Argentina, indicating significant copper-gold-molybdenum mineralization [1][3][23] Drilling Highlights - Hole FZ-DH-25-92 reported 6.9m of 1.01% Cu, 0.35 g/t Au, and 258 ppm Mo within a broader intercept of 48.1m of 0.31% Cu, 0.094 g/t Au, and 82.5 ppm Mo [2][16] - Hole FZ-DH-25-76 showed 49.0m of 0.22% Cu, 0.11 g/t Au, and 108 ppm Mo within a broader intercept of 110.0m of 0.17% Cu, 0.07 g/t Au, and 113 ppm Mo [3][12][16] - Hole FZ-DH-25-68 encountered a significant blind magmatic-hydrothermal breccia, with mineralization yet to be fully defined [10][16] Geological Insights - The new mineralized intercepts are believed to be related to breccias and porphyry phases at the margins of a low-grade center, suggesting a larger mineralized porphyry breccia complex may exist [3][7] - The mineralization remains open in both north-south directions and to depth, indicating potential for further exploration [3][6] Future Exploration Plans - The company plans to expand exploration efforts along the nearly 4km of phyllic alteration that remains undrilled, following a better understanding of the system's geometry and ore controls [3][6] - A new drilling program is anticipated to commence in Q4 2025 [3][20] Partnership and Funding - The drilling campaign was funded by Moxico Resources plc, which has an option to earn up to 51% of the El Fierro Project through a series of commitments over five years [1][23]
Midnight Sun Appoints Adrian Karolko Vice President, Exploration
Newsfile· 2025-06-10 10:30
Company Overview - Midnight Sun Mining Corp. has appointed Adrian Karolko as Vice President of Exploration, enhancing its technical team [1][3] - The company is focused on exploring its flagship Solwezi Project in Zambia, located in the Zambia-Congo Copperbelt, a major copper-producing region [7] Key Appointments - Adrian Karolko brings over 18 years of mineral exploration experience across various commodities and jurisdictions, including a recent role in the Cangrejos gold-copper deposit project in Ecuador [2] - Al Fabbro, President & CEO, expressed enthusiasm for Karolko's return, highlighting his previous contributions to the Solwezi Project [3] - Robert Sibthorpe has stepped down as Vice President of Exploration and will serve as Chairman Emeritus, continuing to advise the technical team [4] Organizational Changes - Matt MacKenzie has been promoted from Vice President of Corporate Development to Executive Vice President, reflecting his senior role in the company [5] Stock Options - Midnight Sun has granted stock options to purchase 3,550,000 Common Shares at an exercise price of $0.60 per share, fully vested upon issuance and expiring in five years [6]
Walker Lane Resources Ltd. Receives TSX Approval for the Acquisition of Three Mineral Properties in the Walker Lane Gold Trend in Nevada from Silver Range Resources Ltd. and Auburn Gold
Globenewswire· 2025-06-09 19:17
Core Viewpoint - Walker Lane Resources Ltd. has received approval from the TSX Venture Exchange for option agreements on three mineral properties in the Walker Lane Gold Trend of western Nevada, indicating a strategic move to enhance its exploration portfolio [1][38]. Group 1: Tule Canyon Property - The Tule Canyon Property consists of 60 federal lode mining claims located in Esmeralda County, Nevada, identified as a high-grade gold and silver target with historical mining activity [3]. - Walker Lane has the option to acquire 80% of the Tule Canyon Property by paying a total of $480,000 over four years and completing 1,500 meters of diamond drilling by March 8, 2028 [4][5]. - A second option allows Walker Lane to acquire the remaining 20% by identifying a National Instrument 43-101 compliant measured or indicated resource by the end of 2033 [8]. Group 2: Cambridge Property - The Cambridge Property comprises 51 federal lode claims in Lyon County, Nevada, and Walker Lane has the option to acquire 75% for a total consideration of $460,000 over four years, along with $1,500,000 in exploration expenditures [14][15]. - The second option for Cambridge allows Walker Lane to acquire an additional 25% by making an additional payment of $75,000 and identifying a compliant resource by the end of 2033 [19]. Group 3: Silver Mountain Property - The Silver Mountain Property consists of 8 federal lode mining claims in Esmeralda County, Nevada, with Walker Lane having the option to acquire 100% for a total consideration of $200,000, payable in installments until 2035 [27][28]. - The option includes a requirement to complete 1,000 meters of drilling during the term [30]. Group 4: Strategic Importance of Walker Lane Area - The Walker Lane Gold Trend Area is noted for its rich mining history and potential for modern exploration, hosting significant deposits and offering attractive exploration targets at manageable costs [37]. - The area is recognized for its high-grade mineralization and favorable infrastructure, contributing to its ranking as the second most attractive mining investment location globally according to the 2023 Fraser Institute Mining Industry Survey [37].
Fitzroy Minerals Drilling Update: 110 m @ 1.94% Cu, Including 58 m @ 3.06% Cu at the Buen Retiro Copper Project, Chile
Thenewswire· 2025-06-09 14:20
Core Viewpoint - Fitzroy Minerals Inc. has reported significant drilling results from the Buen Retiro Copper Project, indicating a large-scale and high-grade copper mineralization system, particularly highlighted by drill hole BRT-DDH022 which returned 110 m @ 1.94% Cu [1][2][5]. Exploration and Drilling Results - The ongoing drilling program at Buen Retiro has confirmed the presence of high-grade copper mineralization, with BRT-DDH022 intersecting 110 m @ 1.94% Cu and 416 ppm Co, including 58 m @ 3.06% Cu from 97 m [5][8]. - Historical drill holes in the Southwest Area have shown a trend with several hundred meters of strike length, returning intersections with grades over 1% copper [2][15]. - The project covers an area of 13,240 hectares and is strategically located near significant infrastructure, facilitating rapid development [3][30]. Future Exploration Plans - The company plans to drill at least 8,000 m in 2025, focusing on the Southwest and North areas, with potential use of a Reverse Circulation (RC) drill rig to accelerate exploration [7][23]. - Exploration efforts will target near-surface copper mineralization within a 1 km-wide by 4 km-long corridor, with ongoing assessments of deeper mineralization potential [3][23]. Geological Insights - The geology of BRT-DDH022 is characterized by typical Iron-Oxide Copper Gold (IOCG) style, with significant hydrothermal alteration and the presence of high-grade copper minerals [10][15]. - The mineralization in the Southwest Area is interpreted to be associated with a sub-vertical structure, enhancing the depth potential for copper [15][16]. Assay Results and Quality Control - Assay results from the ongoing drilling have shown promising intersections, with the best results from BRT-DDH022 indicating a maximum of 12.86% Cu over a 1.0 m sample [10][8]. - The company employs rigorous QA/QC procedures, including the use of certified standards and blanks to ensure the accuracy of laboratory analyses [24][26].
Aventis Energy Announces Exploration Plans at its Corvo Uranium Project
Globenewswire· 2025-06-09 12:00
VANCOUVER, British Columbia, June 09, 2025 (GLOBE NEWSWIRE) -- Aventis Energy Inc. ("Aventis" or the "Company") (CSE: AVE | FRA: C0O0 | OTC: VBAMF), is pleased to provide a summary of 2025 exploration programs planned on its Corvo Uranium Project (the "Corvo Property", or the "Project"). Highlights: Mandeep Parmar, Interim Chief Executive Officer & Director of the Company, commented, "Recently obtained data from the Project gathered via a TDEM survey will significantly heighten the Company's technical under ...
Fitzroy Minerals Reports 110 m @ 1.94% Cu, Including 58 m @ 3.06% Cu at the Buen Retiro Copper Project, Chile
Thenewswire· 2025-06-06 13:15
Core Viewpoint - Fitzroy Minerals Inc. has reported significant drilling results from the Buen Retiro Copper Project, indicating a large-scale and high-grade copper mineralization system, particularly highlighted by drill hole BRT-DDH022 which returned 110 m @ 1.94% Cu [1][2][5] Exploration and Drilling Results - The ongoing drilling program at Buen Retiro has confirmed the presence of high-grade copper mineralization, with BRT-DDH022 intersecting 110 m @ 1.94% Cu and 416 ppm Co, including 58 m @ 3.06% Cu from 97 m [5][8] - The project area covers 13,240 hectares and is located 57 km southwest of Copiapó, Chile, with a focus on near-surface copper mineralization within a 1 km-wide by 4 km-long corridor [1][3] - Phase 1 drilling was completed prior to the acquisition of Ptolemy Mining Ltd, with results documented in a technical report filed on November 8, 2024 [3] Future Plans - The company aims to drill at least 8,000 m in 2025, with a focus on the Southwest and North areas, and is considering switching to a Reverse Circulation drill rig to accelerate exploration [7][24] - Exploration efforts will continue to delineate extensions of mineralization along strike and at depth, particularly in the Southwest Area [24] Mineralization Characteristics - The mineralization in BRT-DDH022 is characterized by leachable green copper oxides, including tenorite, cuprite, and chalcocite, with significant hydrothermal alteration observed [5][10] - The presence of high-grade cuprite and chalcocite feeder structures enhances the depth potential of copper mineralization at Buen Retiro [2][15] Assay Results - The best assay results to date from the project are from hole BRT-DDH022, which intersected 110 m @ 1.94% Cu and 416 ppm Co, indicating a strong mineralization trend [8][12] - Other drill holes in the Southwest Area have shown promising intersections averaging between 0.5% to 1.9% Cu in oxides and leachable minerals from surface [15][21] Geological Context - The geology of BRT-DDH022 is described as typical of Iron-Oxide Copper Gold (IOCG) style, with significant brecciation and alteration, indicating a robust mineralizing system [10][15] - The mineralization is interpreted to be associated with a sub-vertical structure located near the center of a major magnetic anomaly [15][16]
Aventis Energy Announces Intent to Complete NI 43-101 Technical Report on the Corvo Uranium Project
Globenewswire· 2025-06-05 12:00
VANCOUVER, British Columbia, June 05, 2025 (GLOBE NEWSWIRE) -- Aventis Energy Inc. ("Aventis" or the "Company") (CSE: AVE | FRA: C0O0 | OTC: VBAMF) is pleased to announce that it has contracted Axiom Exploration Group Ltd. ("Axiom") to complete a Technical Report (the "Report") in accordance with National Instrument 43-101 on the Corvo Uranium Project ("Corvo" or the "Project") located along the eastern margin of the Athabasca Basin, northern Saskatchewan, Canada. Axiom combines geoscience technology and au ...
Great Pacific Gold Intersects 7.0 m of 10.3 g/t Au Eq. at Wild Dog
Newsfile· 2025-06-05 11:30
Core Insights - Great Pacific Gold Corp. is actively exploring the Wild Dog Project in Papua New Guinea, with a focus on high-priority targets within a 3km strike length [1][2] - The current drill program involves approximately 2,500 meters of diamond drilling across 16 planned holes, with a strong conductivity trend identified over 15km [2] Drilling Program Update - The Phase 1 drill program has commenced, with the first results indicating the intersection of high-grade copper-gold hydrothermal breccia [4][5] - The company has completed three drill holes, with a fourth hole currently in progress [5] - Drill hole WDG-02 intercepted 7.0 meters at 10.3 g/t AuEq, including 2.0 meters at 14.3 g/t AuEq [7][10] Geological Insights - WDG-02 targeted sulphide mineralization beneath the historic Central Oxide Pit, previously mined for high-grade oxide gold [7] - The geology of WDG-02 includes weathered andesite, lapilli tuff, and hydrothermal breccia, with significant mineralization observed [12][13] Technical Improvements - The company has refined its drilling techniques, leading to improved core recovery rates in subsequent holes [8][9] - Core recovery for WDG-02 was reported at 83%, with ongoing improvements noted in WDG-03 and WDG-04 [19] Future Plans - The company anticipates a steady flow of news from the drilling program as it systematically tests about 10% of the overall 15km Wild Dog structural corridor [4] - Further drilling is planned to follow up on the main Wild Dog vein structure, with WDG-04 currently underway [7][8]
Aya Gold & Silver Reports High-Grade Exploration Results at Boumadine, Extends Imariren Zone to 0.7km and Adds 4 New Regional Permits
Globenewswire· 2025-06-05 11:00
| DDH No. | Section | Zone | From | To | Au | Ag | Length* | Cu | Pb | Zn | Mo | Ag Eq** | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | (m) | (m) | (g/t) | (g/t) | (m) | (%) | (%) | (%) | (g/t) | (g/t) | High-Grade Intercepts on the Boumadine Main Trend: BOU-DD25-516 intercepted 5,373 grams per tonne ("g/t") silver equivalent ("AgEq") over 0.5m (66.7 g/t gold ("Au"), 111 g/t silver ("Ag"), 1.6% zinc ("Zn"), 1.0% lead ("Pb") and 0.1% copper ("Cu") and 114 g/t AgEq o ...
Midnight Sun Announces Kazhiba Target 2 Drilling Underway
Newsfile· 2025-06-05 10:30
Vancouver, British Columbia--(Newsfile Corp. - June 5, 2025) - Midnight Sun Mining Corp. (TSXV: MMA) (OTC Pink: MDNGF) ("Midnight Sun" or the "Company") is pleased to report that diamond drilling is underway at the Kazhiba Target 2 sulphide copper target on the Company's Solwezi Project in Zambia. Midnight Sun's President & CEO, Al Fabbro, states "Kazhiba Target 2 represents an exciting opportunity to reach a major new milestone for Midnight Sun. By utilizing a phased sequence of exploration methods, we ha ...