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Labrador Gold and Nemo collaborate on Ontario exploration project
Yahoo Finance· 2026-02-11 13:22
Core Viewpoint - Labrador Gold and Nemo Resources have established a joint venture to explore the Watson Project in north-western Ontario, which is expected to uncover significant gold and critical mineral deposits [1][2]. Group 1: Joint Venture Details - The joint venture will be led by Elementary Minerals, which holds 127,100 hectares of mineral claims in the Fort Hope greenstone belt [1][3]. - Nemo Resources will manage the operations of the joint venture, with a technical committee overseeing the exploration strategy [2]. Group 2: Financial Contributions and Stake Distribution - Labrador Gold has invested $1.5 million (C$2.03 million) into Elementary Minerals to support exploration efforts [3]. - Under the agreement, Nemo has transferred 314 mining claims covering 6,300 hectares to Elementary in exchange for four million common shares, representing a 20% stake [5]. - Labrador Gold has received 16 million common shares for its financial contributions, securing an 80% interest in Elementary Minerals [5]. Group 3: Exploration Plans and Geological Context - The Watson Project is located in a less-explored region compared to neighboring belts, with potential for gold and critical minerals such as antimony, nickel, copper, and zinc [2]. - Elementary's exploration plans for 2026 include conducting an airborne survey followed by soil sampling to locate substantial gold deposits [4]. - The geological features of the area include significant banded iron formations where gold occurrences have been identified but remain untested [4][7]. Group 4: Future Infrastructure Developments - A proposed road to Ontario's Ring of Fire region is expected to begin construction in mid-2026, which could reduce exploration and development costs once completed [5]. Group 5: Exploration Potential - Labrador Gold's VP of exploration highlighted the outstanding exploration potential at Watson, emphasizing the favorable geology and historical limited exploration in the area [6]. - The district-scale land package comprises over 127,000 hectares of prospective greenstone belt, which will be systematically screened for large-scale mineral deposits [7].
Traction Uranium Signs Option Agreement to Earn up to 80% in the Aurora Uranium Project, Southeastern Athabasca Basin
Globenewswire· 2026-02-11 13:00
Core Viewpoint - Traction Uranium Corp. has entered into an option agreement with Cosa Resources Corp. to earn up to an 80% interest in the Aurora uranium project located in northern Saskatchewan, effective February 10, 2026 [1]. Group 1: Project Overview - The Aurora project covers approximately 18,773 hectares and spans about 17 kilometers along the southeastern margin of the Athabasca Basin, situated 16 kilometers east of the Key Lake uranium mill [2]. - Historical drilling at Aurora has not occurred since 1979, but past logs indicate multiple zones of hydrothermal alteration [2]. - In 2024, Cosa conducted airborne gravity-gradient and VTEM surveys to identify initial target areas for further exploration [2]. Group 2: Agreement Terms - Traction can earn an 80% interest in the Aurora project by funding exploration work and making cash and share payments over five phases [3]. - The total exploration expenditures required amount to $9.15 million, with cash payments totaling $1.5 million and share payments of 5 million Traction shares [4]. - Cosa will act as the operator during the earn-in period and can charge an operator fee, with Traction having the option to assume operatorship after completing Phase 4 [3]. Group 3: Company Background - Traction Uranium Corp. is focused on mineral exploration and development in Canada, particularly in the Athabasca Region, known for its uranium deposits [6]. - Cosa Resources Corp. operates in northern Saskatchewan and holds approximately 237,000 hectares across various uranium projects, primarily in underexplored areas of the Athabasca Basin [7]. - Cosa's management team has a successful track record in uranium exploration, including the discovery of the Hurricane uranium deposit [10].
Snowline Gold Intersects Strong Intervals in Geotechnical Drilling at Valley and Discovers New Mineralized Target
Accessnewswire· 2026-02-11 11:00
Core Insights - The article highlights consistent high-grade near-surface intervals at the Valley, including a significant interval of 347.6 meters at 1.0 g/t Au in geotechnical drilling, indicating potential for further mineralization outside the current mine plan [1] - A broad zone of lower-grade mineralization has been expanded along the eastern margin of the Valley intrusion, suggesting the possibility of discovering additional higher-grade areas in untested regions [1] - The discovery of a new mineralized zone named "Crossroad" on the Cynthia Project has been reported, with selective grab samples showing values up to 14.1 g/t Au and 3.5 kg/t Ag along a 5 km structural corridor [1] - Five regional drill targets have been tested, providing essential geological data that will support focused drill programs and exploration efforts in the upcoming 2026 field program [1]
Discovery Reports Excellent Exploration Results from All Porcupine Targets
Globenewswire· 2026-02-10 22:30
Core Insights - Discovery Silver Corp. has reported significant exploration results from its Porcupine Operations, indicating potential for resource growth and production expansion in the Timmins Camp [4][5]. Group 1: Hoyle Pond Mine - Drilling at the Hoyle Pond Mine has confirmed high-grade intersections in the S Zone, with notable results including 59.18 gpt over 6.2m and 488.00 gpt over 0.7m, suggesting excellent potential for resource expansion [16][28]. - A total of 20 holes were drilled, with 12 reporting significant mineralization, while 8 holes were abandoned due to excessive deviation [13][16]. - The ongoing drilling program aims to further explore the depth and lateral extensions of the S Zone, with three drills currently active [17]. Group 2: TVZ Project - The TVZ project has shown promising results with a significant intersection of 4.10 gpt over 30.1m, including 6.65 gpt over 4.3m, indicating strong mineralization potential [28][29]. - Drilling is focused on infilling and extending mineralization, with ongoing work to prepare new drilling locations [27][29]. - The project is part of a broader initiative to establish an initial NI 43-101 mineral resource estimate by late 2026 [27]. Group 3: Owl Creek Project - Drilling at the Owl Creek Project has confirmed and expanded mineralization, with significant results including 4.82 gpt over 35.7m and 4.51 gpt over 5.0m [37][38]. - The project is strategically located near the former Owl Creek Open Pit, which previously yielded approximately 237,000 ounces of gold [35]. - The ongoing drilling program aims to target both near-surface and deeper mineralization, with two drills currently operational [39]. Group 4: Borden Mine - Drilling at the Borden Mine has extended mineralization in the Main Zone, with key results including 16.97 gpt over 14.7m and 20.17 gpt over 7.8m [47][48]. - The program is designed to convert and expand resources, with ongoing drilling confirming the high-grade nature and continuity of the mineralization [49][50]. - A surface drill has been mobilized to explore new opportunities northeast of the Main Zone [50]. Group 5: Pamour Mine - The Pamour Mine drilling program has included 61 holes, with significant results such as 5.20 gpt over 12.5m and 2.53 gpt over 30.8m [59][62]. - The mine has a substantial resource base, with 64.8 million tonnes grading 1.30 gpt in the Indicated category [56]. - Drilling continues to focus on both the current pit resource and the historic Broulan Pit, with positive initial results from the latter [62].
Discovery Reports Excellent Exploration Results from All Porcupine Targets
Globenewswire· 2026-02-10 22:30
Core Insights - Discovery Silver Corp. reported positive exploration results from its Porcupine Operations, indicating significant potential for resource growth and production expansion in the Timmins Camp [5][6]. Hoyle Pond Mine - Drilling at the Hoyle Pond Mine confirmed extensions of high-grade mineralization in the S Zone, with notable intercepts including 59.18 gpt over 6.2m and 488.00 gpt over 0.7m [7][17]. - A total of 20 holes were drilled, with 5,606.6m completed to test the lower portion of the S Zone [14]. - The potential to expand the S Zone and identify additional high-grade resources is considered excellent based on new results [17][18]. TVZ Project - Drilling at the TVZ project yielded encouraging results, including 4.10 gpt over 30.1m, with significant intervals of higher grades [29][31]. - The project is designed to infill and expand the TVZ Zone, with ongoing drilling from multiple levels [30][28]. Owl Creek Project - Drilling at the Owl Creek Project confirmed and expanded mineralization, with significant results such as 4.82 gpt over 35.7m and 3.45 gpt over 25.0m [38][39]. - The program continues to target mineralization near surface and at depth, indicating potential for new production sources [40]. Borden Mine - Drilling at the Borden Mine extended mineralization in the Main Zone, with key results including 16.97 gpt over 14.7m and 20.17 gpt over 7.8m [49][50]. - The ongoing program aims to convert and expand resources, with positive results reinforcing the high-grade nature of the area [51][52]. Pamour Mine - Drilling at the Pamour Mine included 61 holes, with significant results such as 5.20 gpt over 12.5m and 1.26 gpt over 140.0m [61][58]. - The program aims to convert and extend inferred resources, with positive results indicating the potential for further growth [60][63].
K2 Gold Corporation Closes C$25.25 Million Financing
TMX Newsfile· 2026-02-10 21:35
Core Viewpoint - K2 Gold Corporation has successfully closed its LIFE Offering, raising gross proceeds of CDN$25,250,000 through the sale of 36,071,429 common shares at a price of CDN$0.70 per share, which will be utilized for exploration projects and general corporate purposes [1][2]. Group 1: Offering Details - The LIFE Offering involved the sale of 36,071,429 common shares at CDN$0.70 each, resulting in gross proceeds of CDN$25,250,000 [1]. - The offering was conducted under the listed issuer financing exemption, applicable in all Canadian provinces and territories except Quebec [3]. - The company paid finder's fees totaling CDN$1,271,200 to various arm's length finders for their assistance in the offering [4]. Group 2: Use of Proceeds - The net proceeds from the LIFE Offering will be allocated towards exploration activities at the Mojave and Si2 projects, as well as for general corporate purposes [2]. Group 3: Company Overview - K2 Gold Corporation is part of Discovery Group and has a management team with a track record of over CDN$2.6 billion in gold transactions [7]. - The Mojave Project is a 5,830-hectare oxide gold project in California, with significant drilling results including 6.68 g/t Au over 45.72m at the Dragonfly Zone [8]. - The Si2 Project is located in Nevada and has been identified for further drilling to explore higher-grade potential below historical intercepts [9]. Group 4: Regulatory and Compliance - The closing of the LIFE Offering is subject to customary conditions, including regulatory approvals and acceptance by the TSX Venture Exchange [5]. - The common shares issued will not be subject to a statutory hold period under Canadian securities laws [5].
Tartisan Nickel Corp. Acquires Additional Nickel-Copper Claims at Turtle Pond, Northwestern Ontario
TMX Newsfile· 2026-02-10 13:00
Core Viewpoint - Tartisan Nickel Corp. has acquired eleven additional claims in the Turtle Pond Area, enhancing its property portfolio and supporting its objective of developing the Kenbridge Nickel-Copper-Cobalt Project into an operating mine with a central milling facility [1][7]. Property Acquisition - The total property package now consists of 161 claims covering 3,375 hectares, fully owned by Tartisan's subsidiary Canadian Arrow Mines Limited [2]. - The newly acquired claims are located approximately 40 kilometers south of Dryden, Ontario, and 70 kilometers east of the Kenbridge project [1]. Historical Exploration and Mineralization - Previous exploration identified nickel-copper sulphide mineralization in twelve trenches along a 700-meter trend at the Glatz nickel-copper showing, with historical grab samples containing up to 1.95% Ni [3]. - In 2007, surface grab sampling produced results of 1.28% Ni and 0.26% Cu from Glatz Trench 3, and 0.39% Ni and 4.06% Cu from Trench 4 [3]. - A nickel-copper-PGE discovery on the Double E airborne VTEM anomaly was identified in 2008, with drill hole EE-09-02 intersecting 4.2 meters of 0.81% Ni and 0.52% Cu [4]. Recent Geophysical Survey - A TDEM Geophysical survey was conducted from November 28 to December 21, 2024, to determine drill targets and potential future exploration work on the Turtle Pond Project [6]. Future Exploration Plans - The company plans to formulate an exploration program consisting of surface sampling and potentially diamond drilling for 2026-27 [7].
Astra Intersects 1,286 g/t Silver and 9.0 g/t Gold Over 3.1 Metres; Extends High-Grade at Depth and Along Strike at La Manchuria Project, Argentina
TMX Newsfile· 2026-02-10 11:09
Core Viewpoint - Astra Exploration Inc. has announced promising results from the Phase II drill program at the La Manchuria Gold and Silver Project in Argentina, indicating the potential for a multi-million-ounce high-grade deposit of gold and silver [1][2][21]. Group 1: Drill Program Overview - The Phase II drill program included a total of 25 drill holes, totaling 5,119 meters, with a focus on expanding the near-surface footprint of the mineralization [4]. - The first batch of assays reported results from six drill holes, with assays pending for 19 additional holes [1][4]. Group 2: Drill Results - Significant intervals of gold and silver were intersected in the reported drill holes, demonstrating the fertility of the system even at shallow depths [5][8]. - Hole LMD-121 reported a mineralized interval of 3.1 meters grading 9.04 g/t gold and 1,286 g/t silver, including a higher-grade sub-interval of 0.9 meters grading 25.14 g/t gold and 3,102 g/t silver [7][8]. - Hole LMD-118 returned 1.4 meters grading 16.44 g/t gold and 81 g/t silver, with a higher-grade interval of 0.6 meters grading 34.67 g/t gold and 180 g/t silver [8][11]. Group 3: Geological Insights - The drilling has revealed that the high-grade veins are open along strike and at depth, indicating the potential for further discoveries [2][3]. - The presence of high-grade mineralization in andesitic sills, previously thought to be barren, adds new potential for high-grade veins at depth [8][11]. Group 4: Future Plans - The company plans to commence geophysical surveys in February and continue with the second half of Phase II, which will involve an additional 5,000 meters of drilling starting in March 2026 [4][3]. - Astra is optimistic about expanding the system regionally based on the knowledge gained from the current drilling [3].
New Targets at the Wyloo Gold – Silver – Antimony Project for Maiden Drill Program
Globenewswire· 2026-02-09 22:28
Core Insights - Novo Resources Corp. has provided an update on the Wyloo Project, highlighting recent exploration results and a forward work program, including a maiden RC drilling program planned for Q2 2026 to test the Wyloo SE polymetallic vein system [2][3][19]. Exploration Results - Recent soil sampling at Wyloo SE has defined a strong, open-ended multielement anomaly over a known polymetallic vein system, with peak soil values of 57.2 ppm Ag, 142 ppm Sb, 1,440 ppm As, 2,180 ppm Zn, and 1,530 ppm Pb [5][11]. - Follow-up stream sediment sampling at Wyloo SW has expanded the original anomaly, defining a target area of 2.5 km x 800 m with peak stream sediment results of 19.9 ppm Sb and a multielement association of Sb-As-Cu-Pb-Zn [4][15]. Geological Context - The Wyloo project area is located in the southern Pilbara, with the Wyloo SE and SW prospects situated within the core of the Wyloo anticline, forming a basement high within the Ashburton Basin [6][28]. - The geological setting includes a dynamic tectonic environment with the Nanjilgardy Fault located just 5 km south of the prospect [6]. Planned Activities - A heritage survey is scheduled for March 2026 to facilitate access for the planned RC drilling at Wyloo SE [5][19]. - The maiden drilling program will target the ENE trending vein array, the Tasha Fault Zone, and soil anomalies parallel to stratigraphy, aiming to assess the vertical metal zonation and potential plunge of the target [19][20]. Historical Context - Significant antimony anomalies were identified in 2023 during routine stream sediment sampling, leading to further exploration that revealed a zone of quartz-sulphide veining with anomalous antimony, silver, gold, and base metals at Wyloo SE [7][9]. - Previous rock chip sampling yielded peak assay results of 387 g/t Ag, 0.38% Sb, 5.0% Pb, 1.6% Zn, 2.4% Cu, and 0.52 g/t Au, enhancing the target's potential [7].
Corrected: Fitzroy Minerals Reports on Latest Drilling Results and Extends Oxide Zone to 1.7 km, Buen Retiro Copper Project, Chile
Thenewswire· 2026-02-09 15:20
Core Insights - Fitzroy Minerals Inc. has reported significant exploration progress at its Buen Retiro and Caballos copper projects in northern Chile, highlighting the discovery of new mineralization targets and promising drilling results [1][3][4]. Buen Retiro Project - The company has completed Phase 2 drilling at Buen Retiro, totaling 8,300 meters across 29 drill holes, with new drilling contracts signed for an additional 10,400 meters of diamond drilling and 3,000 meters of reverse circulation drilling planned for 2026 [4][16]. - Drill hole BRT-DDH041 intersected 108 meters at 0.41% Cu, including 48 meters at 0.77% Cu, while BRT-DDH043 intersected 77 meters at 0.46% Cu, including 20 meters at 0.97% Cu, indicating strong mineralization [5][8]. - The reverse circulation drill hole BRT-RCD008 extended the Southwest oxide target to 1.7 kilometers, intersecting 213 meters at 0.19% Cu [5][14]. - The mineralization at Buen Retiro shows a stratigraphic control, primarily hosted within permeable volcanic breccias and tuffs [8][9]. Caballos Project - At Caballos, Phase 1 drilling has been completed with 3,154 meters across nine holes, and an airborne geophysical survey is scheduled for Q1 2026 to enhance geological understanding [18][22]. - Drill hole CAB-DDH009 returned 71 meters at 0.41% CuEq, indicating a complex copper system with significant alteration and mineralization [19][20]. - The geology at Caballos is characterized by porphyry textures and alteration, with plans for Phase 2 drilling later in the year once geophysical data is integrated [3][18]. Next Steps - The company is finalizing new drilling plans for 2026, focusing on both exploration and metallurgical sampling, while also reinterpreting existing geophysical data [16][22]. - Discussions regarding a Heap Leach Joint Venture Copper Project with Sociedad Punta del Cobre S.A. are ongoing, with plans for a Pre-Feasibility Study [17].