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PTX Metals Inc. Initiates Work Program at Its Shining Tree Gold Project
Newsfile· 2025-10-22 13:12
Core Insights - PTX Metals Inc. has initiated a pre-drilling work program at its Shining Tree Gold Project in South Timmins, Ontario, aiming to explore larger-scale targets related to the Ridout-Tyrrell Deformation Zone (RTDZ) [1][2] Project Overview - The Shining Tree Gold Project is strategically located near significant mining operations, including McFarlane's Juby Deposit and IAMGold's Cote Gold mine, which enhances its exploration potential [2][7] - The company has consolidated key claims within the Shining Tree Project, including the Ronda Target, where recent surface exploration has identified high-grade gold zones [6][10] Exploration Strategy - PTX has engaged SRK Consulting for structural analysis to optimize exploration strategies and drill planning, and Terrascope Inc. for a detailed magnetic survey covering approximately 8,000 hectares [5][8] - The magnetic survey will utilize a 35-meter spacing and will be followed by a 3D inversion to identify geophysical anomalies, aiding in refining drill targeting [5][8] Recent Discoveries - Surface exploration has yielded significant results, including a channel sample returning up to 60.30 grams per tonne (g/t) gold over 0.50 meters, and a larger interval of 9.04 g/t gold over 16.15 meters [6][8] Company Positioning - PTX Metals holds a 75% equity interest in the Shining Tree and Heenan-Mallard gold projects, which together cover approximately 300 square kilometers [8][10] - The company is focused on advancing its assets in a region known for its rich mineral resources and proximity to major mining operations [11][12]
QcX Gold Acquires Strategic Project Adjacent to Sterling Metals' High-Grade Copper Discovery at Batchawana Bay, Ontario
Newsfile· 2025-10-20 11:51
Core Insights - QcX Gold Corp. has entered into an acquisition agreement to obtain several strategically located mining claims in the Batchawana Bay area of Ontario, adjacent to Sterling Metals Corp.'s Soo Copper Project, which has recently reported significant copper discoveries [1][2] Strategic and Geological Highlights - The newly acquired property consists of 323 individual mining claims, covering a large contiguous land package that shares over 6.6 kilometers of common boundary with Sterling's discovery zone, positioning QcX in a promising copper district [2] - The property is situated within the Precambrian-aged Batchawana Greenstone Belt, known for large porphyry-style copper systems, and lies along strike of the historically productive Tribag Mine [5] - Geological continuity is strong, with identical stratigraphy and structural orientation to Sterling's discovery area, supported by historic soil geochemical anomalies and untested geophysical conductors [5] - QcX plans to initiate a property-wide airborne magnetic survey to identify high-priority copper-molybdenum-silver-gold porphyry targets [5] - The project has district-scale potential with 323 contiguous claims and open ground nearby, allowing for expansion and joint-venture opportunities as exploration progresses [5] Transaction Details - As part of the acquisition, QcX will issue 6,000,000 common shares at a deemed price of $0.28 per share and make a cash payment of $15,000 to the vendor [7] - A 3% net smelter returns royalty has been granted to the vendor, with the option for QcX to purchase up to 1.5% of the NSR for $1,000,000 [8] - The completion of the transaction is subject to regulatory approvals, including that of the TSX Venture Exchange [8]
PAN GLOBAL COMMENCES PHASE 2 DRILLING AT CÁRMENES GOLD DISCOVERY, NORTHERN SPAIN
Prnewswire· 2025-10-20 11:25
Core Insights - Pan Global Resources Inc. has resumed drilling at the Cármenes Project in northern Spain, focusing on the Providencia target after a successful Phase 1 drill campaign that revealed significant gold mineralization [1][3]. Drilling Program - The Phase 2 drilling program includes four drillholes aimed at following up on the promising gold discovery from Phase 1, which reported intercepts of 1.08 g/t Au over 46 meters and 3.01 g/t Au over 34 meters [3][4]. - The Phase 2 program is expected to be completed before the end of the year [3]. Geological Insights - A strong induced polarization (IP) chargeability anomaly has been identified at the Providencia target, indicating that mineralization may extend deeper than previously explored [4]. - Extensive geological mapping has revealed a large zoned, multi-phase hydrothermal breccia system, which is hosting copper, cobalt, nickel, and gold mineralization over an area exceeding 300 meters by 150 meters [4][6]. Exploration Potential - The Cármenes Project covers 5,653 hectares and is located approximately 55 km north of León, Spain, with a history of mining activity, including the former Profunda and Providencia mines [6][9]. - The area is considered highly prospective for multiple bodies of carbonate-hosted breccia style mineralization, with potential vertical dimensions exceeding 1 km [6][9]. Additional Activities - Detailed surface geochemical sampling and mapping have commenced on 30 identified targets surrounding the Providencia area, following a recent helicopter survey [5].
Torq Announces That Gold Fields Has Elected to Proceed to Stage 2 of Santa Cecilia Project Option USD$11 Million Drilling Program to Start at Santa Cecilia
Accessnewswire· 2025-10-20 10:00
Core Insights - Gold Fields Limited has elected to proceed with Stage 2 of the USD$48 million earn-in option for Torq's Santa Cecilia project, with an anticipated spend of approximately USD$11 million for drilling and property payments [1][2] - The drilling program is set to commence in early to mid-November, utilizing two drill rigs, with preparations already underway [1] - The CEO of Torq expressed excitement about the follow-up drilling, which aims to target mineralization and test additional targets based on previous successful drilling results [2] Company Update - Torq Resources Inc. is a Vancouver-based exploration company focused on copper and gold, with a portfolio of premium holdings in Chile [4] - The company is committed to responsible and sustainable exploration practices, guided by a management team with a successful track record in monetizing exploration assets [4] - The technical team includes local Chilean geologists with extensive experience and a notable history of major discoveries in the region [4]
Renforth Commences Stripping on Parbec Gold Deposit Targeting Surface Gold Channel Assaying 1.43 g/t Au over 12.2m
Thenewswire· 2025-10-16 12:00
Core Insights - Renforth Resources Inc. is set to resume exploration activities on October 18, 2025, at its Parbec Gold Deposit, focusing on surface gold mineralization [1][2] Exploration Activities - The upcoming work will include chipping and overburden removal, specifically targeting a 12.2m channel grading 1.43 g/t gold on the surface [1] - Following the initial activities, the newly exposed surface will be prospected, mapped, and sampled, with stripping extending across the Diorite Splay, a feature known for gold mineralization [2] Geological Context - The Diorite Splay is interpreted as a possible hinge fold in the Pontiac Sediments, which may have facilitated mineralized fluid interactions with the Cadillac Break [2] - Renforth is also investigating mineralized structures oriented perpendicular to the Cadillac Break, consistent with previous drilling findings [2] Financial Activities - The company plans to raise a maximum of CAD 500,000 through the sale of units priced at CAD 0.02, with each unit consisting of a flow-through share and a half warrant [3] - Each full warrant can be exercised for a common share at a price of CAD 0.05 for a period of 24 months [3] Parbec Gold Deposit Overview - The Parbec gold deposit spans approximately 1.7 km along the Cadillac Break, recognized as one of Canada's most productive gold structures [5] - Geological modeling indicates gold mineralization within the Break and extending into the unexplored Pontiac sediments [5] Mineralization Characteristics - Mineralization at Parbec starts at the surface and is almost entirely enclosed within a Whittle Pit, which is open on strike in both directions and at depth [6] - The current pit does not extend below a depth of 300m, indicating potential for further exploration [6]
Headwater Gold signs deal with OceanaGold for Nevada projects
Yahoo Finance· 2025-10-16 11:14
Headwater Gold has signed a definitive agreement with a subsidiary of OceanaGold to explore three projects in Nevada, US. The agreement allows OceanaGold to acquire up to 75% interest in Headwater's TJ, Jake Creek and Hot Creek projects through staged exploration expenditures of up to $65m and the completion of pre-feasibility studies (PFS). The TJ project is situated on Bureau of Land Management (BLM) land in the north-eastern part of Nevada, around 25km south-east of Jackpot town. The Jake Creek proje ...
Prismo Reports High Grade Gold along with Silver, Copper and Zinc Mineralization at Ripsey Mine
Thenewswire· 2025-10-16 07:00
Core Insights - Prismo Metals Inc. has reported high-grade assay results from the Ripsey Mine Project in Arizona, confirming significant mineralization over a strike length of approximately 600 meters, which enhances the drill potential of the site [1][2][4] Group 1: Ripsey Mine Project - The initial assay results from the Ripsey Mine include high-grade gold, silver, copper, and zinc, with one sample showing 14.7 g/t Au, over 100 g/t Ag (results pending), 3.28% Cu, and 3.26% Zn [2] - The exploration work at Ripsey is being conducted alongside preparations for drilling at the Silver King project, allowing for efficient resource allocation and synergy between the two projects [2][4] - The Ripsey project has no minimum exploration expenditure requirements during its five-year term, providing flexibility in budget allocation [2][4] Group 2: Silver King Project - Additional assays from the Silver King project have identified new drill targets, including two additional veins and zones of replacement mineralization [11] - The geological observations at Silver King suggest the presence of a porphyry system, with historical data indicating significant mineralization potential [11][20] - An induced polarization (IP) survey is scheduled to commence soon to further evaluate the property [13] Group 3: Company Overview - Prismo Metals Inc. is focused on advancing its mining projects, including Silver King, Ripsey, and Hot Breccia in Arizona, as well as the Palos Verdes silver project in Mexico [23]
Paradigm Gold Extends Closing of Non-Brokered Private Placement
Newsfile· 2025-10-14 22:07
Vancouver, British Columbia--(Newsfile Corp. - October 14, 2025) - Paradigm Gold Corporation (TSXV: PDQ) ("Paradigm" or the "Company") has extended the closing of its previously announced non-brokered private placement for a period of 30 days. The Company plans to issue up to 9,000,000 units for total gross proceeds of $1,050,000.The Company will issue up to 6,000,000 flow-through units ("FT Units") at a price of $0.125 per FT Unit to raise $750,000, and issue up to 3,000,000 non-flow-through units ("NFT U ...
Decade Resources Reports First Assays from the North Mitchell Property Indicate High Gold and Silver
Newsfile· 2025-10-14 18:21
Core Insights - Decade Resources Ltd. has reported initial high-grade assay results from the North Mitchell Property, indicating significant potential for gold and silver resources in a region known for its rich mineral deposits [1][7]. Summary by Sections Assay Results - The first certified assay results from surface sampling on the North Mitchell Property show high metal content, with notable values including 45.0 g/t Au and 60.4 g/t Ag from one sample [5][9]. - Other significant assay results include 11.6 g/t Au and 53.92 g/t Ag, and 1.05 g/t Au and 4.23 g/t Ag from different locations on the property [5][9]. Nearby Major Deposits - The North Mitchell Property is strategically located near several major deposits, including Seabridge Gold's KSM and Snowfield deposits, and Newmont's Brucejack Mine, which are among the largest gold and copper resources globally [1][3]. - The report includes a table of nearby deposits with their respective categories, tonnage, grades, and contained metals, highlighting the potential for similar mineralization on the North Mitchell Property [3][6]. Management Commentary - The President of Decade Resources expressed excitement over the initial assay results, emphasizing the potential for both porphyry copper-gold and high-grade epithermal gold systems due to the geological features observed [7]. Next Steps - The company plans to conduct detailed mapping and sampling programs over key structural zones to further investigate the mineral potential of the North Mitchell Property [10][17]. - A maiden drill program is anticipated to commence in the 2026 season, contingent on permitting and financing [17].
Maxus Mining and Palliser Exploration Complete Successful 2025 Exploration Programs Across Four Critical Mineral Properties
Globenewswire· 2025-10-14 12:00
Core Insights - Maxus Mining Inc. has successfully completed its 2025 ground exploration program across four critical minerals projects in British Columbia, Canada, on time and on budget [1][3][4] Exploration Program Overview - The exploration program involved detailed prospecting, mapping, and sampling across the Quarry, Hurley, Lotto, and Alturas projects, with over 200 grab samples collected and submitted for analysis [4][5] - The program aimed to validate historical mineralization occurrences and confirm multiple showings of mineralization across the projects [4] Project Highlights - **Alturas East**: Confirmed locations of historic adits and identified a strongly oxidized fault zone with visible sulphide mineralization, indicating a potentially mineral-rich geological environment [5] - **Alturas West**: Identified accessible ground suitable for drill site preparation, building on 2024 surface sampling results that returned exceptional grades of up to 69.98% antimony [5] - **Hurley Property**: Confirmed visible stibnite mineralization and historic antimony showings, validating the project's high-grade critical mineral potential [5] - **Quarry Property**: Sampled numerous galena-bearing quartz veins, strengthening the case for widespread lead-silver mineralization [5] - **Lotto Property**: Uncovered broad areas of oxidation and intrusive rock units, indicating a highly prospective geological setting for critical mineral mineralization [5] Management Commentary - The CEO of Maxus Mining emphasized that the exploration program marks a significant advancement for the company, highlighting the diverse mineralization styles and the potential for long-term value creation for shareholders [3]