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Thesis Gold Intersects 38.00 Metres of 3.62 g/t Au at Steve Zone, Ranch Project
Prnewswire· 2026-01-21 12:04
Core Insights - The article highlights the confirmation of high-grade gold (Au) within a broad mineralized envelope at the Steve Zone, validating geological interpretations and demonstrating continuity from previous drilling [1][2][3] - The results indicate significant potential for future growth through continued exploration, as the Steve Zone is not currently included in the Ranch Mineral Resource or Prefeasibility Study (PFS) [2][11] Geological Setting - High-grade Au is associated with silica-barite veining and brecciation within a broader Au-bearing system altered by silica and dickite [2][4] - The exploration results underscore the strength of the exploration thesis at Ranch, confirming the scale and upside potential of the mineralized system [2][11] Drilling Results - Drillhole 25STVDD005 intersected 77.00 meters of 1.86 grams per tonne (g/t) Au, including intervals of 3.62 g/t Au over 38.00 meters and 15.47 g/t Au over 3.00 meters [5][7] - Drillhole 25STVDD004 intersected 46.00 meters of 0.23 g/t Au, with a notable silver (Ag) intersection of 2.00 meters at 75.06 g/t Ag [5][7] - The confirmation of mineralization from surface to depths greater than 500 meters supports the interpretation of a vertically extensive epithermal system [5][6] Mineralization Characteristics - The barite-associated gold mineralization at Steve shows similarities with other zones at Ranch, indicating a vertically and laterally extensive epithermal system [4][6] - Shallow drilling also revealed silver-enriched mineralization within an oxidized zone, indicating vertical metal zonation [6][11] Future Exploration Plans - The 2025 drill program at the Steve Zone, consisting of five drill holes, aims to define the continuity of mineralization and the relationship between localized high-grade gold and broader mineralized envelopes [2][11] - The company plans to advance toward feasibility-level studies, with a focus on the potential for Steve to contribute to future mineral resource growth [11]
Mithril Silver & Gold Kicks Off Maiden Drill Programme At Target 3, In The Multi-Target Copalquin Gold-Silver District
Thenewswire· 2026-01-15 12:30
Core Viewpoint - Mithril Silver and Gold Limited has commenced its 2026 drilling program at Target 3 in the Copalquin District, Mexico, following promising channel sampling results, indicating significant gold and silver mineralization potential. Group 1: Drilling Program Details - The maiden drill program at Target 3 will involve approximately 3,300 meters of drilling as part of a larger 25,000-meter drilling plan for the Copalquin District in the first half of 2026 [2][4]. - Recent channel sampling at the El Jabali historic workings in Target 3 returned high-grade results of up to 0.65 meters at 16 grams per tonne (g/t) gold and 1,275 g/t silver [2][7]. - The drilling at Target 3 aims to test the continuity and scale of mineralization, which is crucial for unlocking the broader potential of the Copalquin epithermal system [3][7]. Group 2: Progress on Other Targets - Drilling at Target 1 is expected to be completed in Q1 2026, which will precede an update to the maiden mineral resource estimate (MRE) for that target [4]. - A drone magnetic survey over the Copalquin and La Dura mining concession areas is set to begin this month, with further assay results from 2025 anticipated in the coming weeks [4][5]. Group 3: Project Background - The Copalquin mining district spans 70 square kilometers in Durango State, Mexico, featuring numerous historic gold and silver mines, with ten having notable production [16]. - The district is recognized as a major epithermal center for gold and silver, supported by multiple mineralization events and extensive historic mine workings [17]. - Within 15 months of drilling, Mithril delivered a maiden JORC mineral resource estimate at Target 1, showcasing the high-grade resource potential of the district [18].
Hercules Metals Intersects 285 m of 0.47% Copper, Including 56 m of 0.89% Copper at the Leviathan Porphyry System and Discovers New Silver Zone in Southern Flats with 10.7 m of 420.5 g/t AgEq
TMX Newsfile· 2025-12-22 12:00
Core Insights - Hercules Metals Corp. has confirmed a significant new silver discovery at Hercules, marking the first such discovery since the 1980s, indicating a major southern extension of the Ag-Pb-Zn epithermal system [1][7] - The ongoing drilling campaign in 2025 has yielded promising results from the Leviathan porphyry copper discovery, showcasing strong continuity and thickness in mineralization [2][3] Drilling Results - Drill hole HER-25-12 intersected 285 m of mineralization grading 0.47% Cu, 63 ppm Mo, and 1.0 g/t Ag, including a notable 56 m section with 0.89% Cu, 41 ppm Mo, and 1.7 g/t Ag [3][18] - The first drill hole in the Southern Flats Zone, HER-25-06, revealed 10.7 m grading 257.2 g/t Ag, 2.18% Pb, and 4.62% Zn (420.5 g/t AgEq), within a broader interval of 119.9 m grading 31.2 g/t Ag, 0.29% Pb, and 0.86% Zn (59.7 g/t AgEq) [4][8] Geological Insights - The newly identified epithermal silver-lead-zinc center in the Southern Flats Zone is supported by multiple drill holes spaced over 1 km apart, suggesting the potential for the largest epithermal silver system on the Hercules Property [8] - The alteration observed in drill holes indicates proximity to a nearby porphyry center, with ongoing step-out drilling planned to follow up on these results [5][7] Future Exploration Plans - A refined, high-resolution model of the 5 km Leviathan anomaly is expected to enhance targeting for new porphyry and epithermal centers, particularly in areas with reduced cover thickness [8] - Follow-up drilling is planned to test the southwest extension of the Footwall Zone, with additional holes scheduled to resume in early 2026 [5][18] Company Overview - Hercules Metals Corp. is focused on developing a new porphyry copper district in Idaho, with the Leviathan porphyry copper system being one of the most significant discoveries in the country [25][26] - The company aims to deliver value to shareholders through continued drilling and discovery success, supported by strategic investments [27]
9.5 metres @ 13.8 g/t AuEq Intercepted at Great Pacific Gold's Wild Dog (12.61 g/t Au, 0.62% Cu, 14.63 g/t Ag)
Newsfile· 2025-12-10 12:30
Core Insights - Great Pacific Gold Corp. has announced significant results from its expanded Phase 1 diamond drill program at the Wild Dog Project in Papua New Guinea, focusing on the Sinivit target within a 15 km epithermal structural corridor [1][4][30] Drilling Program Details - The Phase 1 program began in May 2025 and aims to test a 1.5 km strike length at the Sinivit target, with multiple strong intercepts confirming the high-grade nature of the system [4][5] - A total of 28 diamond drill holes have been completed, with the program expected to continue into early 2026, and a second drill rig is scheduled to arrive in late January 2026 [5][30] Key Assay Results - Drill hole WDG-14 reported an intercept of 9.5 m at 13.8 g/t AuEq from 200.77 m, including 3.9 m at 32.16 g/t AuEq from 204.3 m [7][10] - Other notable results include WDG-08, which intercepted 8.4 m at 50 g/t AuEq from 154 m, showcasing the potential of the Wild Dog Project [30] Geological Insights - The geological confidence is increasing as each drill hole refines the understanding of the plunge, geometry, and true width of the northern sulphide zone, indicating a well-endowed epithermal system [3][30] - MobileMT geophysical data suggests the potential for a major porphyry copper-gold system adjacent to the veins, similar to the Wafi-Golpu deposit [5][30] Infrastructure and Community Support - The company has established critical infrastructure and developed strong community support, positioning itself for a transformative year in 2026 [3][30] - Camp expansion and new site infrastructure are nearing completion, facilitating a significant ramp-up in drilling activity [7][30] Future Plans - The company is preparing for an exciting year ahead with several high-priority targets ready for testing and the second drill rig expected to enhance drilling coverage across the Wild Dog structural corridor [3][5]
5.9 meters @ 14.4 g/t AuEq Intercepted at Great Pacific Gold's Wild Dog
Newsfile· 2025-11-10 12:30
Core Insights - Great Pacific Gold Corp. has announced high-grade results from its expanded Phase 1 diamond drill program at the Wild Dog Project in Papua New Guinea, particularly focusing on the Sinivit target within a 15 km epithermal structural corridor [1][3][30] Drilling Results - The drilling program has confirmed the presence of a coherent high-grade pod at the Sinivit target, with notable results from drill holes WDG-12 and WDG-13, while WDG-14 is currently in progress [3][6][13] - Drill hole WDG-12 intersected two mineralized zones, with the first structure showing 5.9 meters grading 14.38 g/t AuEq, including 2.5 meters at 32.0 g/t AuEq, and the second structure showing 5.8 meters at 6.15 g/t AuEq [5][6][12] - The results indicate a deeper boiling zone within the epithermal system, suggesting multiple mineralizing pulses from a deeper magmatic source [4][8] Future Plans - The company is preparing for the arrival of a second drill rig to further explore the Sinivit area at depth and other high-priority epithermal targets identified through recent Mobile MT data analysis [4][12][13] - The expanded drilling program now totals 28 diamond drill holes and is expected to continue into early 2026, with the current drilling only testing a small portion of the mineralized corridor [13][30] Geophysical and Survey Data - A high-precision LiDAR survey covering 187 km² was completed, producing a Digital Terrain Model with sub-10 cm vertical accuracy, which will aid in geological modeling and drill planning [15][16][17] - The MobileMT geophysical data has highlighted the potential for a major porphyry copper-gold system adjacent to the epithermal veins, similar to the Wafi-Golpu deposit [12][30] Company Overview - Great Pacific Gold aims to become a leading gold-copper development company in Papua New Guinea, with a portfolio of exploration-stage projects including the Wild Dog, Kesar, and Arau projects [27][30]
Headwater Gold and OceanaGold Sign Definitive Agreement to Explore Three Projects in Nevada
Globenewswire· 2025-10-15 12:00
Core Viewpoint - Headwater Gold Inc. has entered into a definitive agreement with OceanaGold Corporation for OceanaGold to acquire an option to earn up to a 75% interest in Headwater's TJ, Jake Creek, and Hot Creek projects in Nevada through staged exploration expenditures totaling up to US$65 million and the completion of Pre-Feasibility Studies [1][3]. Group 1: Agreement Details - OceanaGold will fund a minimum commitment of US$2.5 million in exploration expenditures across the three projects within the first two years of the agreement [6]. - The earn-in structure consists of three stages, with OceanaGold potentially earning a 51% interest in each project after funding US$10 million for TJ and Jake Creek, and US$5 million for Hot Creek within four years [8]. - By completing a Pre-Feasibility Study (PFS) on each project, OceanaGold can earn an additional 10% interest, bringing the total to 75% [10]. Group 2: Project Specifics - The TJ project is located in northeastern Nevada and is interpreted to represent a robust, fully preserved epithermal system with multiple high-quality targets identified [3][11]. - The Jake Creek project consists of 189 unpatented lode mining claims and has historical drilling results indicating widespread epithermal mineralization [14]. - The Hot Creek project is royalty-free and has historical shallow drilling results showing grades up to 1.04 g/t Au over 12.2 m [15]. Group 3: Financial Aspects - OceanaGold made a non-refundable payment of US$250,000 to Headwater for pre-drilling expenses as part of the letter of intent [5]. - Upon execution of the agreement, OceanaGold paid US$100,000 to Headwater, with an additional US$100,000 to be paid on the first anniversary if the agreement continues [6]. - Headwater will receive a 10% management fee as the initial operator of the projects [6].
Astra Provides Corporate Update, Mobilizes Ground Crews at La Manchuria Project, Argentina
Newsfile· 2025-09-11 10:30
Core Insights - Astra Exploration Inc. has mobilized ground crews for exploration activities at the La Manchuria Gold and Silver Project in Santa Cruz, Argentina, with a Phase II drill program set to begin shortly [1][2][4] Exploration Activities - Ground crews are conducting detailed mapping, regional ground magnetics, topographical surveys, and sampling in preparation for the upcoming drilling [2][3] - The presence of low temperature vein fragments at the surface supports Astra's geological model, indicating a preserved epithermal system beneath post-mineral volcanics [2][3] - Phase I drilling has identified favorable host rock units beneath andesites, suggesting potential for a large, high-grade gold-silver epithermal system at La Manchuria [3] Upcoming Events - Astra's CEO, Brian Miller, is participating in the Precious Metals Summit from September 9th to 12th, where he will present on September 11th [4] - The Metals Investor Forum will take place on September 25th to 26th, featuring a presentation by Brian Miller [5] - A European Roadshow is scheduled for October 6th to 10th, targeting institutional and family office investors [6][7] Company Overview - Astra Exploration Inc. is focused on precious metals exploration, with a portfolio of projects in key mining jurisdictions in Latin America [9] - The La Manchuria project is a high-grade gold and silver low sulphidation epithermal deposit located in the Deseado Massif, known for hosting world-class precious metals deposits [10]
8.4 Meters at 50 g/t AuEq Drilled at Great Pacific Gold's Wild Dog Project
Newsfile· 2025-09-02 11:30
Core Insights - Great Pacific Gold Corp. has announced significant results from its expanded Phase 1 diamond drill program at the Wild Dog Project in Papua New Guinea, highlighting the potential for a major gold-copper deposit [1][3][22] Drilling Results - Hole WDG-08 reported an impressive intercept of 8.4 meters at 49.9 grams per tonne (g/t) gold equivalent, including a high-grade zone of 3.8 meters at 105 g/t AuEq [3][5] - The Sinivit target has shown high-grade near-surface mineralization, with nine out of twenty-eight planned holes completed, totaling 1,214 meters of the 5,000-meter program [5][10] - Assay results are pending for hole WDG-09, located approximately 60 meters north of WDG-08, which is expected to provide further insights into the mineralization [5][11] Project Overview - The Wild Dog Project features a 15 km structural corridor with confirmed high-grade mineralization and potential for continuity along strike and at depth [3][10] - The Phase 1 program commenced in May 2025 and is designed to test the Sinivit target, which has a 1.5 km strike length within the broader epithermal vein system [9][10] - The company is also preparing for a potential maiden drilling program at the adjacent Magiabe porphyry target in 2026 [3][10] Future Plans - The expanded drilling program is expected to continue into early 2026, with a total of 28 diamond drill holes planned [10][18] - The company aims to increase field activity on the Magiabe porphyry target while continuing to explore the Wild Dog epithermal system [3][10] Quality Assurance - The company adheres to industry best practices for Quality Assurance and Quality Control, with samples submitted to an ISO 9001-certified laboratory [16][17]
Large Scale Epithermal System and Porphyry Potential Highlighted by MobileMT Survey at Great Pacific Gold's Wild Dog Project
Newsfile· 2025-08-18 11:30
Core Insights - Great Pacific Gold Corp. has reported significant findings from its Wild Dog Project in Papua New Guinea, highlighting both an extensive epithermal system and the potential for a major porphyry system nearby [1][3][5]. Group 1: Project Overview - The Wild Dog Project is located on New Britain Island, Papua New Guinea, and features a large-scale epithermal target with a strike length of over 15 kilometers and a depth extension exceeding 1,000 meters [1][5][32]. - A diamond drill program is currently in progress, targeting high-priority areas within a 1.5 km strike length of the epithermal vein structural corridor [2][5]. Group 2: Drilling Results - Drilling results from the Phase 1 program have shown high-grade mineralization, with hole WDG-02 intercepting 7.0 meters at 11.2 g/t AuEq, which includes 5.5 g/t Au, 68.8 g/t Ag, and 3.1% Cu [2][5][32]. - The current drilling program is only testing about 10% of the overall structure, indicating significant potential for further discoveries [5]. Group 3: Geophysical Survey Insights - The MobileMT geophysical survey has revealed the scale of the epithermal system and indicated the presence of a substantial porphyry system adjacent to the epithermal vein structure, similar to the Wafi-Golpu project [3][11]. - The processed MobileMT data has identified a large resistivity and magnetic anomaly at the Magiabe target, interpreted as a potassic-altered intrusive body measuring approximately 1,000 meters in diameter and extending to over 2,000 meters in depth [11][20]. Group 4: Future Exploration Plans - The Magiabe target is expected to be a priority for exploration, with plans to advance it towards drill-readiness by 2026, including detailed mapping and additional geochemical sampling [19][20]. - Great Pacific Gold anticipates initiating the first drill testing of the Magiabe porphyry system by 2026, leveraging its strong geophysical and geochemical signatures [20][32].
Northern Shield Resources (NSHR.F) Update / Briefing Transcript
2025-07-21 19:30
Northern Shield Resources (NSHR.F) Update Summary Company Overview - **Company**: Northern Shield Resources (NSHR.F) - **Date of Update**: July 21, 2025 Key Points Industry and Company Focus - The update primarily discusses the exploration activities and drilling results in the **conquest zone** and surrounding areas, focusing on mineralization and geological features relevant to precious metals and copper targets [1][2][3][4][5][6][7][8][9]. Drilling Results and Geological Findings - Drilling in the conquest zone revealed **Iolite alteration** in rhyolite, indicating potential for further exploration despite not yielding satisfactory results initially [2][4]. - A significant **hydrothermal breccia** was discovered, similar to findings in the Discovery Trench area, suggesting a broader hydrothermal system than previously understood [4][5]. - The presence of **ganguro banding** was noted, which is indicative of epithermal systems and suggests potential for high-value precious metals [10][15][34]. - **Visible gold** was observed in multiple drill holes, particularly in hole 26, which also showed signs of hydrothermal mineralization [11][21][22]. - The discovery of **tellurides** and **collaborate crystals** in the drilling samples indicates the presence of gold tellurides, which are significant for precious metal exploration [17][21]. Assay Results and Future Plans - The timeline for assay results is expected to be between **four to eight weeks**, with initial results anticipated in August 2025 [31][32][33]. - The company plans to conduct **downhole structural surveys** to guide future drilling programs, focusing on the orientation of mineralized structures [27][28][29][30]. Additional Insights - The geological features observed, such as **manganese carbonate alteration**, are classic indicators of proximity to epithermal systems, suggesting that the area may host significant mineralization [25][26]. - The update emphasizes the importance of **structural orientation** in drilling, as slight variations can lead to significant differences in mineralization outcomes [34][35][36]. - The exploration team is optimistic about the potential for discovering new mineralized zones, particularly in areas previously drilled that may have been overlooked [34][36]. Conclusion - Northern Shield Resources is actively exploring the conquest zone with promising geological findings that suggest potential for high-value mineralization. The upcoming assay results and structural surveys will be critical in determining the next steps for the company's exploration strategy [30][34].