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Advanced Gold Acquires 100% Interest in Silver Belle Nevada CRD Claims
TMX Newsfile· 2026-02-27 15:20
Core Viewpoint - Advanced Gold Exploration Inc. has entered into an agreement to acquire a 100% interest in the Silver Belle Project located in Eureka County, Nevada, which is known for high-grade mineralization and historic production of silver, lead, and zinc [1][2][4]. Project Overview - The Silver Belle Project consists of approximately 100 unpatented lode mining claims covering 2,000 acres within the Eureka Mining District, recognized for its carbonate replacement deposit (CRD) style mineralization [2]. - The project is situated in a productive carbonate-hosted mineral belt, close to several historic and modern mining operations, and is believed to have geological characteristics consistent with CRD-style mineralization [3]. Historical Significance - Historical records indicate high-grade mineralization in the area, with notable past production including a 1937 shipment that returned a silver grade of 1,611 g/t (47 oz/ton) along with significant concentrations of lead (37%), zinc (10%), and copper (1%) [5][6]. - The project has not undergone modern exploration, with previous work limited to the shallow oxidized cap, leaving deeper potential untested [5]. Transaction Details - The acquisition agreement includes a total cash payment of $175,000, with $25,000 due upon execution, $100,000 at closing, and $50,000 by the sixth anniversary of the closing date [8]. - The company will also issue 1,500,000 common shares to the vendors at closing and another 1,500,000 shares by the sixth anniversary [8]. Royalty Agreement - Stream Metals will receive a 1.5% net smelter returns royalty, which the company can buy out for $1,500,000, reducing the royalty to 0% [9]. Proposed Private Placement - The company plans to complete a non-brokered private placement of up to 5,000,000 units at a price of $0.20 per unit, aiming for gross proceeds of up to $1,000,000 [10]. - Each unit will consist of one common share and one-half of a transferable common share purchase warrant, with warrants allowing the purchase of one common share at $0.30 for two years [11]. Use of Proceeds - The gross proceeds from the private placement will be allocated for general corporate and working capital purposes [12].
Riverside Resources and Questcorp Chip-Channel Sample High Grade Gold-Silver 30m @ 20 g/t Gold and 226 g/t Silver and Announce Drill Results from Union Project
TMX Newsfile· 2026-01-22 08:05
Core Insights - Riverside Resources Inc. and Questcorp Mining Inc. reported high-grade results from the Union Mine area, including 20.2 g/t Au and 226 g/t Ag with 2.7% Zn over a 30 m continuous chip-channel sampling [1][4][5] - The results from the Phase 1 drill program indicate successful intersections of CRD-style mineralization across multiple target areas, reinforcing the potential for further exploration [3][5][21] Chip-Channel Sampling and Drill Results - The chip-channel sampling at the Union Mine returned significant grades, supporting the potential for follow-up exploration and drilling from both surface and upper mine workings [4][5] - The full assay results from the 30 m channel sampling indicate a total of 202 g of gold, 2,257 g of silver, and 26,720 g of zinc [6][20] - The Phase 1 drill program included 12 holes, with the final six holes reporting positive results across the Union Mine, Union Norte, and El Cobre target areas [5][20] Geological Context and Comparisons - The mineralization found at the Union Project is comparable to the CRD systems in the region, particularly the Hermosa Project, where South32 is investing significantly [4][5] - The sediment-hosted gold indicators found in the Union Mine area suggest potential for further discoveries, similar to those in Nevada's Carlin deposits [15][22] Future Exploration Plans - The companies plan to initiate a Phase 2 exploration program in the first half of 2026, which will include follow-up drilling and additional geophysical and geochemical studies [23][25] - The Luis Hill target has shown promising results, indicating the potential for a major new discovery in Mexico, with further drilling planned to explore this area [15][16][24] Company Background - Riverside Resources Inc. is a well-funded exploration company with a strong portfolio of gold-silver and copper assets, holding over C$6,000,000 in cash and no debt [29]
Questcorp Mining and Riverside Resources Chip Channel Sample 30 Meters @ 20 g/t Gold and 226 g/t Silver at the Mexican Union Project
TMX Newsfile· 2026-01-22 08:05
Core Insights - Questcorp Mining Inc. and Riverside Resources Inc. reported high-grade mineralization results from the La Union Project in Sonora, Mexico, including 20.2 g/t gold and 226 g/t silver over a 30 m continuous chip channel sample [1][3][4] - The Phase I exploration program has successfully supported the Carbonate Replacement Deposit (CRD) model and identified new sediment-hosted gold mineralization at the Luis Hill target [3][4][21] Exploration Results - The 30 m continuous chip channel sampling at the Union Mine area returned significant grades of 20.2 g/t gold, 226 g/t silver, and 2.7% zinc, indicating strong mineralization potential [1][7][8] - The total gold and silver represented by the sampling is 600 gram-metres gold and 6,780 gram-metres silver, reinforcing the project's viability [4][7] - The drilling program intersected CRD-style mineralization with favorable indications of zinc, silver, gold, and lead, consistent with historical mining in the region [7][19] Geological Context - The La Union Project's geological model is based on the South32 Taylor deposit, with drilling intersecting gold, zinc, and silver indications that suggest a major discovery potential [28] - The Luis Hill target has revealed previously unrecognized Carlin-like sediment-hosted gold mineralization, with a significant interval of 42 m at 0.3 g/t gold [20][21] Future Plans - The companies plan to organize a Phase 2 exploration program in H1 2026, focusing on follow-up drilling and additional geophysical and geochemical studies [30][31] - The encouraging results at both the Union Mine and Luis Hill warrant significant further exploration and drilling efforts [30][31] Company Background - Questcorp Mining Inc. is focused on acquiring and exploring mineral properties in North America, with a particular emphasis on precious and base metals [34] - The company holds an option to acquire a 100% interest in the La Union project, which spans 2,520.2 hectares in Sonora, Mexico [34]
Alaska Silver Cuts High-Grade Silver and Zinc at Waterpump Creek and Silver Sage
TMX Newsfile· 2026-01-20 12:00
Core Insights - Alaska Silver Corp. reported high-grade silver and zinc results from its 2025 drilling program at the Illinois Creek Carbonate Replacement Deposit project in western Alaska, indicating significant mineralization potential [1][3][12] - The company identified a new mineralized zone, Silver Sage, which expands the Illinois Creek district footprint and suggests the likelihood of more hidden mineralized zones beneath extensive cover [2][9] - The company plans aggressive drilling in 2026 following a successful financing of $13.8 million to further explore and develop these mineralized zones [2][15] Drilling Results - The 2025 drilling program included 2,057 meters across four holes at Waterpump Creek, with notable results such as WPC-35 reporting 5.9 meters grading 38 g/t silver and 12.1% zinc, and SS25-04 reporting 4.4 meters grading 148 g/t silver [1][3][12] - Significant mineralization was also found in the newly discovered Silver Sage zone, with SS25-04 showing 1 meter grading 349 g/t silver and 2.2% lead [1][9][11] - The overall drilling results indicate that mineralization likely continues south of the post-mineral fault, providing critical information for future exploration [3][12][14] Geological Insights - The geological framework at Silver Sage includes a 550-meter long breccia zone with high-grade silver-bearing galena, indicating a classic CRD setting [9][19] - The mineralization is concentrated at the top of a thick section of reactive carbonate rocks beneath an impermeable schist layer, which is a hallmark feature of distal CRDs [20][19] - The drilling at Silver Sage revealed that the mineralized carbonate package is about 100 meters thick, with significant hydrothermal activity concentrated along the upper carbonate contact [19][20] Future Plans - The company aims to conduct more aggressive drilling in 2026 to locate the feeder structure for the mineralization and to follow the mineralization back towards its source [2][15][20] - The focus will be on understanding the structural architecture of the Waterpump Creek area and identifying potential targets for further exploration [12][14][15]
Silver North's drill results set the table for bigger 2026 drill program - Richard Mills
Investorideas.com· 2026-01-09 19:08
Core Insights - Silver North has successfully completed its 2025 drill program at the Haldane Project, located in the Keno Hill Silver District, which is known for its prolific silver production [3][4] - The company has made significant discoveries, particularly at the Main Fault target, which shows high-grade silver and gold mineralization [6][14] - The upcoming 2026 drill program is expected to be transformative, with plans for increased drilling and exploration activities [16][21] Group 1: Project Overview - The Haldane property spans 8,579 hectares and is strategically located near Hecla Mining's Keno Hill silver mine [3] - Silver North's Main Fault discovery is notable for its high-grade silver and gold, with drilling revealing significant continuity and potential for further exploration [6][15] - The company aims to achieve a 30-million-ounce silver deposit, aligning with the average production of silver mines in the Keno Hill District [24][25] Group 2: Drill Results - The 2025 drill program included eight holes totaling 1,759.8 meters, successfully testing the Main Fault structure [5] - Notable drill results include 3.2 meters averaging 2,014 g/t silver and 1.72 g/t gold, and another interval showing 1,112 g/t silver and 4.61 g/t gold [7][10] - The Main Fault has been extended to 100 meters on strike and 150 meters down dip, indicating substantial mineralization potential [11][23] Group 3: Future Plans - Silver North has raised $2.25 million and is preparing for a $5 million exploration budget for 2026, focusing primarily on the Main Fault [21] - An airborne survey is planned for March-April 2026 to further assess the mineralization [21] - A separate $500,000 program is planned for the Veronica property, emphasizing geophysical studies to identify drill targets [22]
Palamina Identifies Strong Copper Anomaly at the Galena Silver Copper Manganese Project
Newsfile· 2025-12-01 13:30
Core Viewpoint - Palamina Corp. has identified a significant copper anomaly at its Galena Silver Copper Manganese project in Peru, indicating the potential for a large hydrothermal and CRD mineralization system beneath the Tacaza volcanics [3][4]. Group 1: Project Developments - The company has collected and analyzed an additional 920 soil and subcrop samples, bringing the total to 2,579 XRF samples completed to date [8][11]. - The newly defined copper anomaly in the Azul zone expands the surface mineralization and suggests a strong mineralizing system beneath the Tacaza volcanics [3][4]. - A large gravity geophysical survey is planned to better define the depth and geometry of the limestone contact, which is considered the primary host for carbonate replacement deposits (CRD) [3][9]. Group 2: Geological Insights - The copper anomaly in the Azul zone is characterized by elevated XRF copper values along a structural corridor consistent with the Las Bambas-Tintaya trend, a prolific metallogenic belt [4]. - Manganese is identified as the primary pathfinder element at Galena, with a significant manganese anomaly outlining a 6 km x 6 km geochemical anomaly linking multiple zones [5][8][13]. - Mineralization at Galena occurs along veins and fractures within Miocene-aged Tacaza Formation volcanic flows, indicating late remobilization of metal-bearing sulfides from the underlying Cretaceous limestone [6][9]. Group 3: Future Plans - Palamina plans to continue XRF sampling to integrate results with the planned gravity survey and prioritize drill targets at Galena [3][19]. - The initial high-priority drill target area is the historical Santa Rosa mine, which hosts high-grade silver-copper-manganese soil anomalies [19].
Riverside Resources Announces Completion of Phase One Drilling at Union Project and Now Awaits Drill Assay Results
Newsfile· 2025-11-12 10:00
Core Insights - Riverside Resources Inc. has completed the first phase of drilling at the Union Project in Sonora, Mexico, with over 1,600 meters drilled and more than 700 samples sent to the laboratory for analysis [1][3][7] Drilling Program Highlights - The initial phase involved 12 diamond core holes across six priority targets, focusing on shallow gold and base metals [3][7] - The drilling confirmed key carbonate host units recognized from historical mining activities at Union and Famosa, enhancing the geological model and supporting the potential for a large-scale discovery [3][5] Drilling Update by Area - **Union Mine**: Three holes targeted manto horizons and chimney/feeder structures adjacent to historic workings to evaluate mineralization continuity typical of Carbonate Replacement Deposit (CRD) systems [4][7] - **Famosa Mine Area**: Four core holes tested a west-dipping dolomite manto target, with historical small-scale mining reporting gold grades of over 0.5 oz/t Au (over 15 g/t) [5][7] - **Union Norte**: Two holes tested the manto horizon within dolomitic carbonate strata to evaluate continuity and geometry along favorable trends [6][7] - **Cobre and Luis**: Each target was assessed for style, structure, and controls on mineralization, showing alignment with a carbonate-hosted metals system [8][7] Sampling and Assays - Core samples were logged, saw-cut, and half-core samples shipped for analysis, with the first eight holes sent to Bureau Veritas for gold fire assay and further analysis in Vancouver [11][12] - The final four holes were sent to ACT Labs in Zacatecas for similar processing methods [11][12] Next Steps - Following the receipt of assay results, the company plans to integrate exploration results and refine the CRD model, preparing for a Phase 2 exploration campaign likely to occur in the first half of 2026 [13]
Ridgeline Minerals Drills Massive Sulfide CRD Discovery at the Chinchilla Sulfide Target, Selena Project, Nevada
Newsfile· 2025-11-04 12:30
Core Insights - Ridgeline Minerals Corp. announced a significant high-grade zinc-silver-gold-lead-copper-antimony massive sulfide carbonate replacement discovery at the Chinchilla Sulfide target within the Selena project in Nevada, marking a successful start to its maiden drill program [1][5][21] Drilling Results - Drill hole SE25-053 revealed multiple massive sulfide horizons, with notable intercepts including 1.1 meters grading 27.0% Zn, 60.1 g/t Ag, 1.5 g/t Au, 0.7% Pb, 0.4% Cu, and 0.03% Sb, equivalent to 766.4 g/t AgEq [1][7][9] - Another significant intercept in SE25-053 was 17.4 meters grading 6.0% Zn, 35.6 g/t Ag, 0.2 g/t Au, 0.5% Pb, 0.1% Cu, and 0.1% Sb, equivalent to 219.9 g/t AgEq [1][7][9] - The mineralization is characterized as classic CRD, with a primary metal assemblage of Sphalerite-Pyrrhotite-Pyrite-Galena-Chalcopyrite [5][7] Project Overview - The Selena project spans 39 square kilometers and is located in White Pine County, Nevada, approximately 64 km north of Ely [21][22] - The project is currently operated under Phase 1 of an earn-in agreement with South32 Limited, which may earn up to an 80% interest by fulfilling specific milestones [2][21] Future Plans - Drilling activities are set to continue through the end of the year, with regular updates expected as assay results are received [5][21] - The company aims to further delineate the potential of the Chinchilla Sulfide target, which is part of a larger kilometer-scale MT anomaly [5][7]
Silver North's Veronica Property Yields Silver Discovery at Betty Target
Thenewswire· 2025-10-28 11:30
Core Insights - Silver North Resources Ltd. announced positive analytical results from the 2025 field exploration program at the Veronica Property, indicating the potential for significant silver mineralization [1][2][5] Exploration Results - The 2025 exploration program expanded the previously identified Betty target's soil geochemical anomaly from 450 m by 450 m to over 1 km by 1 km, revealing a multi-element anomaly of silver, lead, and zinc [2][5] - High-grade silver mineralization was discovered, including float cobbles with silver grades of 2,860 g/t and 213 g/t, marking the first silver-bearing mineralization found at the Veronica property [3][5] Geological Context - The exploration results suggest the potential for Carbonate Replacement Deposit (CRD) style mineralization at Veronica, similar to that found at Coeur Mining's Silvertip Mine located 12 km south [2][5] - Geological mapping indicates the preservation of prospective stratigraphy known for hosting high-grade silver-lead-zinc mineralization [7] Program Details - The exploration program was partially funded by a grant from the Government of Yukon, allowing for up to $30,000 in qualifying exploration expenditures [8] - A total of 453 soil samples and 26 rock samples were collected during the eight-day program, which included prospecting, mapping, and hand trenching [8][12] Location and Strategic Importance - The Veronica claims are part of the GDR project, located adjacent to the Tim Property, which is under option to Coeur Mining, targeting high-grade silver-lead-zinc mineralization [9][19]
Palamina Expands Silver, Copper, Manganese Footprint at the Galena Project
Newsfile· 2025-08-25 12:30
Core Insights - Palamina Corp. has expanded its soil and subcrop sampling program at the Galena Silver Copper Manganese Project, utilizing a portable XRF analyzer to further define mineralized zones [1][3] Group 1: Project Developments - The expanded XRF soil sampling indicates the presence of a large hydrothermal system in the Tacaza formation volcanic rocks, supporting two strong geochemically anomalous trends [3] - A total of 730 samples were collected during the second XRF soil sampling campaign, delineating two distinct mineralized anomalies over 3 km by 1.5 km [7][11] - The company plans to conduct further XRF soil sampling and a property-wide gravity survey to prioritize drill targets, as the Galena project has not yet seen any drilling [15] Group 2: Mineralization Details - Mineralization at Galena occurs along veins, fractures, and within autobreccia matrix, hosted in Miocene-aged Tacaza Formation volcanic flows [4] - Previous rock samples from the Rosa and Azul zones returned significant values, including up to 1,135 g/t Ag, 5.2% Cu, and 0.69% Mn [5] - XRF values from the Tertiary volcanics at surface graded up to 440 g/t silver, 0.6% copper, and 2.7% manganese [7] Group 3: Geological Context - The Cretaceous-aged Ayabacas formation limestone underlies the Miocene volcanic sequence, with a limited Induced Polarization study mapping the limestone contact [5] - A significant manganese anomaly covers the area between the Rosa Zone and the Verde Zone, indicating potential for blind CRD mineralization similar to Berenguela and Santa Barbara [11]