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Midnight Sun Announces Resource Estimate for Kazhiba Main Copper Oxide Deposit
Globenewswire· 2026-01-20 11:30
Core Insights - Midnight Sun Mining Corp. has announced the completion of a maiden Mineral Resource Estimate (MRE) for the Kazhiba Main Oxide Copper Deposit in Zambia, indicating a significant milestone for the company [1][3] - The MRE consists of 2.33 million tonnes of indicated mineral resources with a grade of 1.41% copper, which is above typical economic thresholds for oxide copper [2][4] Mineral Resource Estimate Details - The MRE includes 2,327,200 tonnes of indicated resources at a cut-off grade of 0.10% Cu, translating to approximately 72.3 million pounds of copper [4] - The effective date of the MRE is January 20, 2026, and it was prepared by DMT Kai Batla PTY Ltd. [2][4] - The deposit is characterized by near-surface mineralization, with an average maximum depth of about 30 meters, primarily consisting of acid-soluble malachite [3][7] Economic Considerations - The average grade of 1.41% Cu is well above the economic thresholds for oxide heap leach operations, with processing costs being among the lowest due to the nature of the mineralization [7] - The deposit's proximity to existing infrastructure, including First Quantum's Kansanshi Mine, enhances its economic viability [7] - As of early 2026, copper prices are reported to exceed US$5.50 per pound, providing a favorable market context for the project [7] Future Plans - The company aims to monetize the Kazhiba Main deposit to fund its flagship Dumbwa Project and plans to initiate discussions with key counterparties [3][20] - The MRE will be followed by the filing of a National Instrument 43-101 technical report on SEDAR+ within 45 days of the announcement [14][20] Company Background - Midnight Sun is focused on exploring the Solwezi Project in Zambia, which is located in the Zambia-Congo Copperbelt, a major copper-producing region [18] - The Kazhiba Main Oxide Copper Deposit is part of exploration licence 21509-HQ-LEL, held by the company's subsidiary, Zambian High Light Mining Investment Ltd. [18]
Meridian Updates Resources for Cabaçal and Santa Helena Central Deposits
TMX Newsfile· 2026-01-20 11:30
Core Viewpoint - Meridian Mining plc has announced updated Mineral Resource Estimates for the Cabaçal and Santa Helena Central deposits, indicating significant resource potential and advancing towards a Definitive Feasibility Study (DFS) expected in Q4 2026 [2][7]. Group 1: Cabaçal Deposit - The updated Measured and Indicated (M&I) resource for Cabaçal is reported at 70.1 million tonnes (Mt) grading 0.6 g/t Au, 0.3% Cu, and 1.3 g/t Ag, totaling 1.3 million ounces (Moz) of Au, 0.5 billion pounds (Blbs) of Cu, and 3.0 Moz of Ag [3][8]. - The resource shows increases of 39.2% for Au, 14.2% for Cu, and 19.3% for Ag compared to the previous estimate [8]. - The Cabaçal deposit's M&I resources total 1.4 Moz Au, 0.6 Blbs Cu, 5.6 Moz Ag, 217.4 million pounds (Mlbs) Zn, and 49.9 Mlbs Pb [8]. Group 2: Santa Helena Central Deposit - The maiden open-pittable resource for Santa Helena Central is reported at 5.3 Mt grading 0.6 g/t Au, 0.4% Cu, 15.5 g/t Ag, 1.9% Zn, and 0.4% Pb, totaling 95.8 thousand ounces (Koz) of Au, 50.4 Mlbs of Cu, 2.6 Moz of Ag, 217.4 Mlbs of Zn, and 49.9 Mlbs of Pb [4][8]. - The resource remains open in all directions, indicating further exploration potential [4][8]. Group 3: Exploration and Development - Meridian has expanded its granted mineral rights across the Cabaçal, Jauru, and Araputanga Greenstone Belts, doubling its exploration portfolio [5]. - The company plans to initiate exploration activities across the Jauru and Araputanga Belts in 2026 while continuing to expand exploration programs along the Cabaçal Belt [5][7]. - The DFS for Cabaçal is on track, with metallurgical studies optimizing recoveries of Au, Cu, and Ag [8][51]. Group 4: Market Context and Commodity Prices - The updated resource estimates are based on CIBC Analyst Consensus Commodity prices of November 2025: Au at USD 3,103/oz, Ag at USD 35.34/oz, and Cu at USD 4.39/lb [6][44]. - The effective date of the Mineral Resource Estimates is December 31, 2025, reflecting current market conditions [32][42].
i-80 Gold Reports New High-Grade Assay Results Reinforcing Resource Expansion Potential at Granite Creek Underground Project
Prnewswire· 2026-01-20 11:01
Core Insights - i-80 Gold Corp. announced positive assay results from its 2025 drilling campaign at the Granite Creek Underground Project, indicating robust high-grade mineralization in the South Pacific Zone, suggesting potential for resource expansion [1][2][3] Project Overview - Granite Creek Underground is i-80 Gold's first underground gold operation, with ramp-up activities progressing towards steady-state gold output [2] - As of December 31, 2024, the project had a measured and indicated gold mineral resource estimate of 261,000 ounces at 10.5 grams per tonne and an inferred resource of 326,000 ounces at 13.0 grams per tonne [2][3] - The project is located along the Getchell Trend in northern Nevada, near significant gold resources [2] Drilling Campaign Details - The 2025 drilling program involved 16,000 meters drilled over 46 holes, focusing on infill drilling to support resource conversion and expansion potential [3][5] - Results from the drilling program will be integrated with data from previous years to update the mineral resource estimate, which will inform the upcoming feasibility study [5][7] Assay Results Highlights - Notable assay results include: - 40.4 grams per tonne over 13.2 meters in hole iGU25-31 - 31.3 grams per tonne over 7.8 meters in hole iGU25-15 - 15.0 grams per tonne over 17.5 meters in hole iGU25-24 - 12.8 grams per tonne over 19.8 meters in hole iGU25-08 [6][9] Future Plans - The company plans to continue testing the South Pacific Zone for further mineralization and is evaluating additional drilling campaigns for 2026 [4][8] - The feasibility study for Granite Creek Underground is expected to be completed by late Q1 2026, with results to be released in Q2 2026 [7]
2025 Year-End Resource Estimate - Grey Fox Project: +23% Indicated to 1.9 Million Gold Ounces; Inferred 436,000 Gold Ounces; Upcoming Prefeasibility Study in Q2 2026
Globenewswire· 2026-01-20 11:00
Core Viewpoint - McEwen Inc. has reported a significant increase in its Year-End 2025 Mineral Resource Estimate for the Grey Fox Project, totaling 1.9 million Indicated gold ounces and 436,000 Inferred gold ounces, with plans to double production by 2030 [1][3]. Mineral Resource Estimate - The 2025 Mineral Resource Estimate at Grey Fox includes 1.9 million Indicated gold ounces and 436,000 Inferred gold ounces, calculated at a gold price of US$3,000 per ounce [1][7]. - There is a 23% increase in Indicated Resources compared to Year-End 2024 [7]. - The total Indicated Resources consist of 19,474,000 tonnes at an average grade of 3.02 grams per tonne (gpt) gold, while Inferred Resources consist of 5,101,000 tonnes at an average grade of 2.66 gpt gold [7][13]. Mining Methods - The company is balancing both underground and open pit mining methods for the Grey Fox Project, which will be detailed in the upcoming Pre-Feasibility Study (PFS) scheduled for Q2 2026 [2][6]. - Early underground mining opportunities have been identified in the Gibson Zone and Whiskey Jack, with the Gibson Zone containing 393,000 Indicated gold ounces and 297,000 Inferred gold ounces [4][5]. Stroud Project - The Stroud Project, acquired in 2024, is adjacent to Grey Fox and contains a historical resource estimate of approximately 270,000 gold ounces, which will be validated and incorporated into future updates [9]. - The company completed over 6,000 meters of drilling at Stroud in 2025 to verify the historical resource [9]. Recent Drill Results - Recent drill results indicate potential for further resource growth, with notable findings such as 10.1 gpt gold over 5.8 meters and 23.8 gpt gold over 1.6 meters [10]. - The company plans to allocate $5 to $10 million for drilling at Grey Fox in 2026 to continue expanding the resource [10].
F3 Files NI 43-101 Technical Report for Previously Announced Initial Indicated Mineral Resource
TMX Newsfile· 2026-01-20 10:00
Core Viewpoint - F3 Uranium Corp has filed an independent technical report supporting the initial indicated mineral resource estimate for its JR Zone Uranium Deposit located in Northern Saskatchewan, which is part of the company's 100% owned PLN Property [1][2]. Group 1: Technical Report Details - The technical report, dated January 20, 2025, and effective as of October 15, 2025, was prepared by SLR International Corporation and complies with Canadian National Instrument 43-101 [3]. - The report incorporates drilling results from the project conducted between 2022 and 2025, with no material differences from previously disclosed results [2][3]. Group 2: Project Location and Properties - The JR Zone Uranium deposit is situated approximately 25 km northwest of Paladin's Triple R Deposit and NexGen's Arrow Deposit in the southwest Athabasca Basin, accessible via Provincial Highway 955 [2][4]. - The PLN Project encompasses 44,613 hectares, including the JR Zone deposit, the Minto Property, and the Broach Property, which hosts the Tetra Zone discovery [4]. Group 3: Company Overview - F3 Uranium Corp is focused on uranium exploration, particularly on the high-grade JR Zone deposit and the new Tetra Zone discovery within the Patterson Lake North Project in the Western Athabasca Basin [8]. - The Athabasca Basin is known for hosting some of the world's largest high-grade uranium deposits, including those of Paladin and NexGen [8].
SAGA Metals Confirms Significant High-Grade Mineralization at Trapper North Releasing Additional Assays at Radar Critical Minerals Project in Labrador
Globenewswire· 2026-01-19 12:30
Core Insights - SAGA Metals Corp. has reported successful assay results from four diamond drill holes at the Trapper North Zone, confirming high-grade titanium, vanadium, and iron mineralization [1][6][7] Drilling Results - The assay results from drill holes R-0010 and R-0011 indicate significant mineralization, with R-0010 intercepting 135.5 meters grading 50.03% Fe₂O₃, 7.87% TiO₂, and 0.352% V₂O₅, while R-0011 intercepted 95.15 meters grading 39.49% Fe₂O₃, 6.49% TiO₂, and 0.22% V₂O₅ [6][11] - The overall results from all four drill holes show a consistent presence of oxide-rich intercepts, with 42.6% of samples exceeding 7% TiO₂ and 53.7% of samples exceeding 0.2% V₂O₅ [6][7] Geological Insights - The drilling program has confirmed the continuity of high-grade mineralization along the northern limb of the Trapper North Fold, indicating a strong potential for resource development [7][12] - The geological mapping and drilling have revealed extensive oxide layering across more than 20 km of strike length, with mineralization open for expansion [19][21] Future Plans - The 2026 drilling campaign will focus on the southern section of the Trapper Zone, targeting approximately 30 holes (7,500 meters) to further delineate the mineral resources [18][16] - The company aims to establish a maiden Mineral Resource Estimate for the Radar Project, emphasizing the importance of titanium, vanadium, and iron for North American supply security [13][14] Strategic Positioning - The Radar Project is positioned as a potential strategic supplier of titanium, vanadium, and iron to North American markets, comparable to global Fe–Ti–V systems [22][27] - SAGA Metals Corp. is focused on critical mineral discovery to support North America's transition to supply security, with a diversified portfolio of projects [27][31]
Endurance Reports Inaugural Mineral Resource Estimate at Reliance, 19.6 Mt at 2.30 gpt Au for 1.45 M oz Gold Inferred
TMX Newsfile· 2026-01-19 12:00
Vancouver, British Columbia--(Newsfile Corp. - January 19, 2026) - Endurance Gold Corporation (TSXV: EDG) (OTCQB: ENDGF) (FSE: 3EG) (the "Company") is pleased to announce an inaugural Inferred Mineral Resource Estimate ("MRE") of 19.6 million tonnes ("Mt") at 2.30 grams per tonne ("gpt") Au for 1.45 million ounces ("Moz") gold at its 100%-owned Reliance Gold Project (the "Project") located in southwest British Columbia, Canada.Highlights:Inferred Mineral Resource: 19.6 Mt grading 2.30 gpt Au, for 1.45 Moz ...
Scorpio Gold to Participate at the Metals Investor Forum and Hosts Open House
TMX Newsfile· 2026-01-17 02:06
Core Viewpoint - Scorpio Gold Corporation is actively engaging with investors through participation in upcoming events and has announced the issuance of stock options to its management team, indicating a focus on growth and investor relations. Group 1: Upcoming Events - Scorpio Gold will participate in the Metals Investor Forum in Vancouver on January 23rd and 24th, where CEO Zayn Kalyan will present and engage in a Q&A session [1] - The company will host an open house at its Vancouver office on January 26, 2026, during the AME Round Up and Vancouver Resource Investment Conference, inviting shareholders and the investment community to interact with management [2] Group 2: Stock Options Issuance - The company has issued 6,465,000 incentive stock options to directors, officers, and consultants, with an exercise price of $0.37 per share and an expiry date of January 16, 2031 [4] - Of the options granted, 2,900,000 were to officers and directors, classified as related party transactions, which were exempt from formal valuation and minority shareholder approval requirements [5] Group 3: Manhattan District Overview - The Manhattan District, located in Nevada, has historically produced approximately 700,000 ounces of gold and is now consolidated under Scorpio Gold, which holds valuable permitting and water rights [6] - The maiden mineral resource estimate for the Goldwedge and Manhattan Pit areas indicates 18,343,000 tonnes grading 1.26 g/t gold, totaling 740,000 ounces of contained gold in the inferred category [6] - A historical mineral resource estimate for other areas within Manhattan shows 1,652,325 tonnes grading 5.89 g/t gold, totaling 303,949 ounces of contained gold [6]
SAGA Metals Announces Additional Assay Results from Drilling at Trapper North, Confirming High-Grade Mineralization at Radar Critical Minerals Project in Labrador
Globenewswire· 2026-01-16 22:30
Core Insights - SAGA Metals Corp. announced assay results for two additional diamond drill holes (R-0010 and R-0011) from its Q4 2025 drill program at the Radar Ti-V-Fe Project, confirming high-grade mineralization continuity in the Trapper North zone [1][6][12] Assay Results - R-0010 intercepted 135.5 meters grading 50.03% Fe₂O₃, 7.87% TiO₂, and 0.352% V₂O₅, while R-0011 intercepted 95.15 meters grading 39.49% Fe₂O₃, 6.49% TiO₂, and 0.220% V₂O₅ [6][10] - The results from all four drill holes in Q4 2025 show significant oxide-rich intercepts, with 42.6% of samples exceeding 7% TiO₂ and 53.7% of samples exceeding 0.2% V₂O₅ [6][12] Geological Insights - Hole R-0010 was drilled at a 0-degree azimuth to optimize the assessment of the northern limb of the Trapper North Fold, while R-0011 was a 100-meter step-out that tracked the continuation of the oxide layer [9][10] - The presence of a 22-meter interval of rhythmically banded oxide in R-0011 suggests persistent layering, indicating potential connections between the Trapper and Hawkeye zones [11][12] Future Plans - The 2026 drill program will focus on the southern section of the Trapper Zone, targeting approximately 30 holes (7,500 meters) to further delineate mineral resources [14][15] - The ongoing drilling campaign aims to systematically grid the zones across the Trapper Zone to enhance resource confidence [13][15] Project Overview - The Radar Property spans 24,175 hectares and hosts the Dykes River intrusive complex, with confirmed oxide layering across more than 20 km of strike length [18][27] - The project is positioned as a potential strategic supplier of titanium, vanadium, and iron to North American markets, comparable to global Fe–Ti–V systems [21][27]
Aftermath Silver files technical report featuring updated mineral resource estimate for Berenguela project
Proactiveinvestors NA· 2026-01-16 20:50
Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company operates with a team of experienced and qualified news journalists, ensuring independent content production [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The news team delivers insights across various sectors, including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]