Core Viewpoint - Nova Pacific Metals Corp. has reported promising assay results from its Phase 1 exploration drilling campaign at the Coronation area of the Lara VMS Project, indicating strong potential for mineral resource expansion and validation of the exploration model [1][3][4]. Summary of Drill Results - The Phase 1 drill program has completed 36 holes, with results from 23 holes (5,435 meters) reported and 10 holes (3,225 meters) pending [4]. - Assay results validate the exploration model and are generally consistent with or better than historical drilling data, providing support for the historical dataset verification [5]. - Notable drillhole NP25-014 returned 11 meters grading 5.1 g/t AuEq, including 1 meter grading 20.5 g/t AuEq, marking it as the strongest intercept to date [6][7]. Upcoming Plans - The company is advancing towards a mineral resource estimate targeted for Q4 2025, with ongoing drilling and assay results expected to contribute to this estimate [4][12]. - Additional exploration is planned across six other mineralized zones within the 17-kilometer VMS belt, which remains largely untested [14][15]. Technical and Quality Control - All drill core is logged, photographed, and analyzed by ALS Canada Ltd., ensuring high standards of quality assurance and control [16]. - The company employs certified reference materials and duplicates to monitor analytical accuracy, adhering to industry standards [16]. Company Overview - Nova Pacific Metals Corp. is focused on advancing the Lara VMS Project, which is strategically located near key infrastructure and enriched with critical and precious metals [20]. - The company aims to create shareholder value while maintaining environmental responsibility and strong community relationships [20].

Financial Data and Key Metrics Changes - The company reported revenues of $97.3 million in Q2 2025, with an average realized price of $3,317 per ounce before hedges [14] - Net income was $21.6 million, or $0.7 per share, despite fair value adjustments negatively impacting earnings [14] - Cash flow from operating activities was $35.8 million, ending the period with a cash balance of approximately $115 million and no debt [15][21] - All-in sustaining cash costs (AISC) decreased by 10% during the quarter, with expectations for further reductions as production increases [5][16] Business Line Data and Key Metrics Changes - Gold production increased to just over 30,000 ounces in Q2, a 46% increase from Q1, bringing year-to-date production to over 51,000 ounces [5] - The mining contractor increased ore production from the Bore and Esasi by 5% quarter on quarter, with a total of 800,000 tons mined from the Abore Pit, an 18% increase compared to Q1 [9] - The processing plant saw improvements in throughput and recovery, contributing to increased gold production and sales [11] Market Data and Key Metrics Changes - The company operates in Ghana, which is noted for its safe and stable jurisdiction and mature regulatory framework, supporting organic growth [31] - The current market valuation is less than 40% of analyst consensus net asset value, indicating potential for value creation as gold prices remain high [31] Company Strategy and Development Direction - The company is focused on accelerating waste stripping at the Encran deposit and ramping up mill throughput to 5.8 million tonnes per annum following the commissioning of the secondary crusher [30][31] - There is a strong emphasis on capital allocation towards growth projects, particularly in the Encran area, while maintaining a robust cash position [15][42] - The exploration program at Obore is yielding positive results, with plans for additional drilling in the second half of the year [29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in a stronger second half of the year due to increased production and operational improvements [30] - The company remains focused on reinvesting capital into its assets while considering shareholder returns as cash becomes more accessible [42] - Management highlighted the importance of addressing external factors impacting AISC, such as higher royalty costs and currency fluctuations [16][17] Other Important Information - The secondary crusher was commissioned ahead of schedule, which is expected to enhance production capabilities [12][20] - Exploration efforts at the Abore deposit have confirmed significant mineralization at depth, indicating potential for future underground mining operations [24][28] Q&A Session Summary Question: What should be expected for pre-stripping costs at Encran for the remainder of the year? - Management indicated a modest increase in pre-stripping costs in Q3, with a further increase expected in Q4, but not dramatically [37][38] Question: When can shareholders expect distributions given the strong cash position? - Management acknowledged the importance of building cash but emphasized the priority of reinvesting in growth projects, particularly at Encran, before considering shareholder returns [42][43] Question: What modifications are required for downstream equipment related to the secondary crusher? - Modifications include increasing conveyor speeds and optimizing settings on the primary crusher, with expectations to complete these by the end of Q3 [51][52] Question: Are the non-sustaining CapEx expectations still at $60 to $65 million for the year? - Management suggested that while the majority of costs for the secondary crushing upgrades were incurred in H1, some costs will carry into H2, and they may not reach the fully guided amount this year [54][56]

VANCOUVER, British Columbia, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) is pleased to report additional exploration drilling results from the Southern Arc deposit at the Diamba Sud Gold Project located in Senegal, following the July 7, 2025 resource update (see Fortuna news release dated August 5, 2025). Paul Weedon, Senior Vice President of Exploration at Fortuna, commented, "Exploration drilling at the Southern Arc deposit has continued beyond the data cut-off date for i ...

VANCOUVER, British Columbia, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) is pleased to report additional exploration drilling results from the Southern Arc deposit at the Diamba Sud Gold Project located in Senegal, following the July 7, 2025 resource update (see Fortuna news release dated August 5, 2025). Paul Weedon, Senior Vice President of Exploration at Fortuna, commented, "Exploration drilling at the Southern Arc deposit has continued beyond the data cut-off date for i ...

VANCOUVER, British Columbia, July 31, 2025 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX: ERO, NYSE: ERO) ("Ero" or the "Company") is pleased to announce its operating and financial results for the three and six months ended June 30, 2025. Management will host a conference call tomorrow, Friday, August 1, 2025, at 11:30 a.m. Eastern time to discuss the results. Dial-in details for the call can be found near the end of this press release. SECOND QUARTER REVIEW The Caraíba Operations The Tucumã Operation HIGHLIGH ...

Core Points - Blue Moon Metals Inc. has received environmental permits from the Norwegian Environmental Agency and awarded a contract to Fauskebygg AS for the extension of its Rupsi tunnel at Nye Sulitjelma Gruver AS [1][2] - The tunnel extension will enhance exploration drilling efficiency for the Rupsi/Dypet deposits, with a planned 10,000 m exploration drilling program aimed at upgrading resources and gathering geotechnical and metallurgical data [2][3] - The current Inferred Resource of the Rupsi Deposit is 9.258 million tonnes at 1.19% copper and 0.31% zinc, as per an NI 43-101 Technical Report [2] - The contractor selection process prioritized health & safety, local employment, cost, and performance, with activities expected to commence in late Q3-2025 and complete by Q3-2027 [3] - The exploration program will include geological mapping, soil and core geochemistry analysis, geophysical surveys, and relogging of historical drill core [3] Company Overview - Blue Moon is advancing three brownfield polymetallic projects in Norway and the United States, including the Nussir copper-gold-silver project and the NSG copper-zinc-gold-silver project [5] - The projects are strategically located with existing local infrastructure, and zinc and copper are identified as critical metals for the global economy and national security [5] Contractor Information - Fauskebygg AS, established in 1946, has over 75 years of experience in construction and is focused on local projects in northern Nordland, offering services in civil engineering and construction [6]

Core Viewpoint - Gladiator Metals Corp. has reported significant assay results from its drilling programs at Cowley Park, indicating the presence of high-grade copper and molybdenum mineralization, with ongoing drilling aimed at resource definition and exploration potential [1][7][18]. Drilling Results - The recently completed Phase 1 drilling campaign included 23 diamond drill holes totaling 4,377 meters, while the ongoing Phase 2 program has 8 holes drilled for 1,443.23 meters [9][25]. - Notable results from drill hole CPG-078 include 58.7 meters at 1.94% Cu from 102.3 meters, with high-grade intervals such as 11.1 meters at 6.00% Cu [5][10]. - Drill hole CPG-077 returned 24.8 meters at 0.77% Cu from 30 meters, including 16.8 meters at 1.03% Cu [14][15]. Mineralization Continuity - Mineralization remains open along strike and at depth, with significant intercepts confirming continuity of high-grade copper and molybdenum mineralization over more than 250 meters of strike and 200 meters down dip [3][11]. - Ongoing drilling is focused on further step-out holes and testing the vertical extents of mineralization below current depths [7][12]. Exploration Strategy - The company plans a total of 29,000 meters of drilling targeting high-grade copper skarns throughout the Whitehorse Copper Belt by the end of Q4 2025 [16]. - The exploration strategy includes advancing Cowley Park to resource definition and exploring regional targets such as Arctic Chief and Best Chance [21][25]. Project Background - The Whitehorse Copper Project is an advanced-stage exploration project located in the Yukon Territory, known for its high-grade copper, molybdenum, silver, and gold skarn mineralization [18][19]. - Historical production from the area includes significant copper and gold output, with the project accessible via established infrastructure [19][22].

Core Insights - Cygnus Metals Limited has reported significant high-grade gold mineralization at the Golden Eye prospect within the Chibougamau Copper-Gold Project in Quebec, with the best intercepts to date being 60.8g/t AuEq over 0.4m, including 51.3g/t Au, 7.2% Cu, and 18.0g/t Ag [1][6][13] - The results indicate the potential for valuable resource growth, with additional assay results expected soon from ongoing drilling [5][9][10] Drilling Results - Recent drilling results include: - 7.4m @ 5.7g/t AuEq (4.6g/t Au, 0.9% Cu, 5.6g/t Ag) from 405.6m, with a notable interval of 3.1m @ 9.6g/t AuEq [6][13] - 2.9m @ 10.2g/t AuEq (8.3g/t Au, 1.4% Cu, 3.3g/t Ag) from 463.8m, including the high-grade 0.4m @ 60.8g/t AuEq [6][13] - Historical drilling has shown significant intersections, such as 5.9m @ 34.1g/t AuEq and 4.5m @ 21.6g/t AuEq, indicating a strong potential for resource estimation [7][14] Project Development - The Golden Eye prospect is strategically located 3km from Cygnus' central processing plant, with existing dual ramp access within 150m of the mineralization [8][10] - Cygnus plans to compile new drilling results with historical data from 77 holes totaling 21,371m to complete an initial Mineral Resource Estimate for Golden Eye [10][15] Historical Context - The Chibougamau district has a rich history of gold and copper production, with over 3.5 million ounces of gold produced historically at an average grade of 2.1g/t Au [11][12] - Golden Eye has never been mined and was last drilled in the early 1990s when gold prices were significantly lower [6][10] Future Outlook - Cygnus aims to leverage ongoing exploration and data compilation to identify additional drill targets and enhance resource growth, focusing on low-risk brownfield exploration [15][12] - The company is positioned to benefit from historically high gold prices, making Golden Eye a potential growth driver [8][9]