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Exploits Discovery Advances Hawkins Gold Project and Strengthens Technical Team with Appointment of Dr. Natalie Pietrzak-Renaud
Newsfile· 2025-07-29 10:00
Core Viewpoint - Exploits Discovery Corp. is making significant progress on its Hawkins Gold Project in Northern Ontario, including exploration initiatives and the appointment of Dr. Natalie Pietrzak-Renaud as Technical Advisor, which strengthens the technical team [1][3]. Exploration Progress - The company has completed a confirmatory site visit at the Hawkins Gold Project, confirming excellent access to the McKinnon Zone and evaluating the condition of previous drill core [2]. - The anticipated outcomes of the exploration programs include defining new targets across underexplored areas of the 60+ km greenstone belt and targeting deeper or higher-grade areas of the McKinnon Zone historic resource [5]. Appointment of Technical Advisor - Dr. Natalie Pietrzak-Renaud has joined the company as Technical Advisor, bringing over 20 years of multi-commodity exploration experience and a deep understanding of the Hawkins property [3][6]. - Her previous work includes setting up exploration programs that involved geophysical surveys, field sampling, mapping, trenching, and drilling [3]. Hawkins Gold Project Overview - The Hawkins Gold Project spans over 60 km of the Archean-aged Kabinakagami greenstone belt and hosts a historical inferred mineral resource estimate of 328,800 ounces of gold at a grade of 1.65 g/t, which remains open along strike and at depth [7]. - The broader property includes several gold occurrences that are largely untested, indicating significant exploration potential [7][8].
Integral Metals Commences Mobilization for Diamond Drilling Program at the KAP Project
Globenewswire· 2025-07-28 12:00
Core Viewpoint - Integral Metals Corp. is initiating a summer diamond drilling campaign at its KAP Project in the Northwest Territories, aiming to expand and delineate gallium and zinc mineralization [1][2][4]. Group 1: Drilling Program Details - The Phase 4 drilling program will involve approximately 1,000 meters of diamond drilling over a 25-day period [2]. - This campaign is the first modern drilling effort at the KAP Project, following positive historical results and recent technical reinterpretations [2][4]. Group 2: Operational Aspects - GeoCraft Geological Services Corp. has been appointed as the primary geological contractor, while Critical Discoveries Corp. will provide camp, drilling, and mobilization services [3]. - Transportation of personnel, equipment, and camp infrastructure to the site has begun, with field operations expected to start by the end of July [3]. Group 3: Company Objectives and Future Plans - The CEO of Integral Metals emphasized that this drilling campaign is a significant milestone, aimed at verifying and expanding historical intervals to prepare for future mineral resource estimation [4]. - Further updates will be provided as drilling progresses [4]. Group 4: Company Background - Integral Metals Corp. is focused on mineral exploration for critical minerals, including gallium, germanium, and rare earth elements, with properties located in mining-friendly jurisdictions in Canada and the USA [7].
Plata Latina and World Copper Announce Acquisition of the Zonia Project by Plata Latina and Concurrent $17 Million Financing to Create a Development-Focused Copper Company to be Named "Edge Copper Corporation"
Newsfile· 2025-07-24 03:18
Core Viewpoint - Plata Latina Minerals Corporation and World Copper Ltd. have announced a definitive agreement for Plata Latina to acquire the Zonia Copper Project in Arizona, with a total transaction value of approximately $22 million, which includes $10.5 million in cash and shares, and a concurrent financing of $17 million to support the acquisition and development of the project [2][3][5]. Transaction Details - The acquisition will be executed through a court-approved plan of arrangement, with World Copper receiving $10.5 million in cash and shares that will result in them owning approximately 31.3% of Plata Latina post-transaction [3][4]. - The transaction implies a value of approximately $0.085 per share of World Copper, representing a premium of about 40% to the five-day volume-weighted average price and 71% to the 20-day volume-weighted average price as of July 22, 2025 [3][4]. - World Copper shareholders will receive approximately 0.3930 of a Plata Latina share for each World Copper share [4]. Financing and Development Plans - The concurrent financing involves a non-brokered private placement of units at a price of $0.10 per unit, aiming for gross proceeds of $17 million, which will be used for the cash consideration and to fund exploration and development of the Zonia project [5][22]. - The Zonia Copper Project is a past-producing open-pit mine that is expected to produce pure copper cathode on-site, with significant exploration potential on additional claims [7][8]. Strategic Importance - The acquisition positions Plata Latina as a development-focused copper company, enhancing its ability to meet domestic demand for critical minerals in the U.S. [8]. - Zonia is located in Arizona, the largest copper producer in the U.S., which is strategically important for future resource development [9]. Management and Governance - Following the transaction, Plata Latina will appoint two directors from World Copper to its board, and the leadership team will include Gilmour Clausen as CEO and Letitia Wong as President [11]. - Both companies' boards have unanimously recommended the transaction to their respective shareholders [14][15]. Regulatory and Approval Process - The transaction requires approval from a two-thirds majority of World Copper shareholders and a majority of Plata Latina shareholders, along with customary closing conditions [17][20]. - The transaction is expected to close in October 2025, subject to regulatory approvals and completion of the concurrent financing [20].
Q-Gold Resources engages FHB Consulting Services LLC to update the Resource Estimate for Quartz Mountain
Globenewswire· 2025-07-21 11:30
Core Viewpoint - Q-Gold Resources Ltd. has engaged FHB Consulting Services LLC to conduct an updated review of the historical mineral resource estimates for the Quartz Mountain Project in Oregon, which the company plans to acquire [1][8]. Group 1: Acquisition and Consulting Engagement - The company intends to acquire the Quartz Mountain Project through a share exchange agreement dated March 31, 2025 [1]. - FHB Consulting will perform a comprehensive revision of previous mineral resource estimates, originally completed in 2012 and updated in 2016 [2]. - The updated resource estimate will include data from boreholes drilled by Alamos Gold Inc. in 2015 and historical drilling data from earlier exploration campaigns [3]. Group 2: Current Resource Estimates - The current mineral resource estimates for the Quartz Mountain Project are as follows: - Measured and Indicated Mineral Resources: 12,156,000 tonnes at a grade of 0.87 g/t Au, totaling 339,000 ounces of gold - Inferred Resources: 39,205,000 tonnes at a grade of 0.91 g/t Au, totaling 1,147,000 ounces of gold [5][10]. Group 3: Project Potential and Future Plans - The company believes the Quartz Mountain Project has significant exploration potential, particularly in the Crone Hill and Quartz Butte deposits [11]. - Q-Gold aims to leverage modern exploration techniques to enhance shareholder value and unlock the potential of the project [8][9].
Radisson Reports Highest Grade Drill Intercepts Achieved to Date Beneath the Historic O'Brien Gold Mine Including 89.36 g/t Gold over 3.7 Metres and 60.75 g/t Gold over 2.1 Metres
Newsfile· 2025-07-16 10:30
Core Insights - Radisson Mining Resources Inc. reported high-grade gold drill intercepts from its O'Brien Gold Project, including 89.36 g/t Au over 3.7 metres and 60.75 g/t Au over 2.1 metres, marking the highest grades achieved to date beneath the historic mine [1][4][6] Group 1: Drill Results - Four new wedge drill holes (OB-25-337W4 to W7) were completed from the pilot hole OB-24-337, which is the deepest hole drilled at the project, revealing multiple high-grade gold intercepts [2][6] - Notable intercepts include: - OB-25-337W7: 89.36 g/t Au over 3.7 metres, including 293.0 g/t Au over 1.1 metres [4] - OB-25-337W5: 47.70 g/t Au over 1.0 metre and 5.25 g/t Au over 4.0 metres [4] - OB-25-337W6: 6.45 g/t Au over 3.5 metres, including 18.80 g/t Au over 1.0 metre [4] - OB-25-370: 4.32 g/t Au over 6.5 metres, including 10.49 g/t Au over 2.1 metres [4] - OB-25-372: 7.05 g/t Au over 2.5 metres, including 15.95 g/t Au over 1.0 metre [4] Group 2: Project Development - The ongoing drilling program aims to delineate high-grade gold-bearing veins over a large area, with up to six mineralized zones identified at depths of 500 metres below the historic mine [6][12] - The project has estimated Indicated Mineral Resources of 0.58 million ounces at 8.2 g/t Au and Inferred Mineral Resources of 0.93 million ounces at 4.4 g/t Au [14][18] - The Preliminary Economic Assessment indicates a low-cost, high-value project with an 11-year mine life and significant upside potential [18] Group 3: Geological Context - Gold mineralization at the O'Brien project occurs within quartz-sulphide veins associated with mafic volcanic rocks and conglomerates, typically linked to shearing and biotite alteration [9][10] - The historic O'Brien mine produced over half a million ounces of gold at an average grade exceeding 15 g/t Au, indicating the potential for high-grade mineralization in the current exploration [11][12]
Aldebaran Reports Infill Drilling Results from Eleven Holes at the Altar Copper-Gold Project in San Juan Argentina
Globenewswire· 2025-06-17 11:00
Core Viewpoint - Aldebaran Resources Inc. has reported positive results from its in-fill drilling program at the Altar project in San Juan, Argentina, aimed at upgrading resource classifications from Inferred to Measured & Indicated [1][3]. Drilling Results - The drilling program included 11 holes, with significant results such as: - ALDE-25-038EXT: 578.00 m of 0.51% CuEq from 372.00 m depth [2][5]. - ALDE-25-135EXT: 383.40 m of 0.47% CuEq from 476.00 m depth, including 81.00 m of 0.62% CuEq from 751.00 m depth [3][5]. - ALDE-25-118EXT: 557.00 m of 0.39% CuEq from 352.00 m depth [2][6]. Project Update - The 2024/2025 field campaign has concluded with a total of 25,186.70 m of drilling completed, marking the largest drilling campaign since Aldebaran took over the project in 2018 [7]. - The drilling included 5,977.50 m for metallurgical purposes, and downhole televiewer surveys were conducted for geotechnical data [7]. Management Commentary - The CEO, John Black, emphasized that the results confirm the continuity of known mineralization and will add significant value as the company transitions from a Preliminary Economic Assessment (PEA) to a Pre-Feasibility Study (PFS) in 2026 [3]. - The Chief Geological Officer, Kevin B. Heather, noted that the drilling aims to convert a large portion of inferred resource blocks to measured and indicated categories, enhancing the project's resource confidence [3]. Technical Data - The reported intervals represent true thickness of mineralization, with CuEq values calculated using copper, gold, silver, and molybdenum prices [4][6]. - The sampling and analytical procedures follow rigorous industry standards, ensuring data quality through the use of certified control standards [12]. Company Background - Aldebaran Resources Inc. holds an 80% interest in the Altar copper-gold project, which is part of a cluster of world-class porphyry copper deposits in Argentina [10]. - The company was spun out of Regulus Resources Inc. in 2018 and has the same core management team [10].
NexGold Infill Drilling Intersects 25.79 g/t Gold Over 4.5 Metres and 18.09 g/t Gold over 3.0 Metres at the Goldboro Gold Project
Globenewswire· 2025-06-13 11:00
Core Viewpoint - NexGold Mining Corp. is progressing well with its 25,000-metre diamond drill program at the Goldboro Project in Nova Scotia, aimed at improving geological and grade continuity of the open pit Mineral Resource [1][4] Drilling Program Update - The drill program, initiated on January 22, 2025, is nearing completion, with final assays expected by mid-Q3 2025 [1] - Currently, 31 drill holes, approximately 24% of the total, have been released, showing consistent gold mineralization with additional intersections in previously unpredicted areas [3][4] Assay Results - Recent assay results from 18 infill diamond drill holes total 2,775.3 metres, primarily from the proposed west pit [2] - Selected drill intersections include: - 25.79 g/t gold over 4.5 metres in hole BR-25-522, including 227.0 g/t over 0.5 metres [5] - 18.10 g/t gold over 3.0 metres in hole BR-25-489, including 52.57 g/t over 1.0 metre [5] - 2.27 g/t gold over 11.35 metres in hole BR-25-491 [5] Geological Model and Resource Estimate - The results confirm the existing geological model while indicating the need for adjustments to mineralized solids based on local variations [4] - The data will contribute to a new Mineral Resource Model, which will be the basis for a planned Feasibility Study Update later in 2025 [4][3] Company Overview - NexGold Mining Corp. focuses on gold mining with assets in Canada and Alaska, including the Goldboro Gold Project and the Goliath Gold Complex [17] - The company emphasizes sustainable practices and community engagement throughout its project lifecycle [17]
Aura Minerals Announces the Results of the Preliminary Economic Assessment for the Era Dorada Project
GlobeNewswire News Room· 2025-06-10 01:49
Core Viewpoint - Aura Minerals Inc. has filed a preliminary economic assessment (PEA) for its wholly owned Era Dorada Project, previously known as the Cerro Blanco Project, indicating strong economic potential for the underground mining operation [1][3]. Group 1: Project Overview - The Era Dorada Project is located in Jutiapa, Guatemala, approximately 160 km from Guatemala City and 9 km from the El Salvador border, covering an area of 15.25 km² [4]. - The project is accessible year-round via the Pan-American Highway and is situated in a tropical dry forest climate with elevations between 450–560 meters above sea level [5]. Group 2: Economic Assessment Highlights - The PEA estimates a capital expenditure (Capex) of US$264 million, an after-tax net present value (NPV) of US$485 million, and an unleveraged after-tax internal rate of return (IRR) of 24% based on a gold price of US$2,410 per ounce [3][6]. - The project anticipates total production of approximately 1.4 million ounces of gold over a 17-year life of mine, with an average production of 91,000 ounces in the first four years [6]. Group 3: Mineral Resource Estimates - Indicated mineral resources are estimated at 1.9 million ounces of gold, based on 6.35 million tonnes at a grade of 9.31 grams per tonne [6][18]. - The project has a total initial implementation Capex of approximately US$264 million, with a payback period of about 3.5 years after operations commence [6]. Group 4: Historical Context and Development - The Era Dorada Project was initially identified by Mar-West in 1998 and has undergone extensive exploration and development by various companies, including Goldcorp and Bluestone Resources [10][8]. - As of the end of 2021, Bluestone had drilled approximately 267 holes totaling 45,725 meters on the property since acquiring it from Goldcorp [10]. Group 5: Environmental and Social Considerations - Aura is committed to collaborating with local authorities and government agencies to ensure that the Era Dorada Project meets high environmental and social standards under its Aura 360 culture [3][22].
Canterra Minerals Intersects 68 metres of 1.0% CuEq from Surface at the Buchans Project, Newfoundland
Newsfile· 2025-06-03 11:00
Canterra Minerals Intersects 68 metres of 1.0% CuEq from Surface at the Buchans Project, Newfoundland June 03, 2025 7:00 AM EDT | Source: Canterra Minerals Corporation Vancouver, British Columbia--(Newsfile Corp. - June 3, 2025) - Canterra Minerals Corporation (TSXV: CTM) (OTCQB: CTMCF) (FSE: DXZB) ("Canterra" or the "Company") is pleased to announce additional drilling results from its ongoing 10,000 metre ("m") drill program at its 100% owned Buchans Project in the Central Newfoundland Mining District, lo ...
REPEAT – Koryx Copper Announces Further Highly Encouraging Drill Results at the Haib Copper Project, Southern Namibia
Globenewswire· 2025-05-27 11:00
Core Insights - Koryx Copper Inc. announced positive assay results from 12 drill holes totaling 3,603 meters as part of the Phase 2 drill program for the Haib Copper Project in Namibia, indicating the project's potential for copper production through conventional methods and heap leaching [2][3][30] Group 1: Drill Program and Results - The company has completed 29 out of a planned 37 drill holes in Phase 2, totaling 8,647 meters of diamond drilling [4] - Significant results include high copper grades in several drill holes, such as HM62 with 572 meters at 0.33% Cu and HM51 with 112 meters at 0.32% Cu [4][21] - The drilling program is expected to accelerate with the arrival of additional drill rigs in the coming weeks, enhancing the drilling rate for the second half of 2025 [3][4] Group 2: Geological and Technical Developments - Ongoing work includes the development of an updated geological model to improve mineral resource estimation, which will incorporate new insights from recent drilling [4][20] - The company is making progress on metallurgical testwork and ancillary studies related to infrastructure, environmental considerations, and permitting [3][4] - A revised geological model is being developed to enhance the identification of higher-grade areas and improve overall resource estimates [20] Group 3: Future Plans and Objectives - The company aims to complete 28,000 meters of drilling by the end of 2025, with the final Phase 4 infill drilling program scheduled to begin in Q2 2026 [17] - Key objectives include targeting higher-grade areas, performing multi-element assays for byproducts, and improving geological modeling [18][19] - The Haib project is positioned as a potential long-life, low-cost copper project with additional copper production possibilities from heap leaching [30][31]