Workflow
Exploration Target
icon
Search documents
Fury Announces Initial Mineral Resource Estimate for the Sakami Gold Project in Quebec
Globenewswire· 2025-12-08 11:59
Core Viewpoint - Fury Gold Mines Limited has announced an initial inferred mineral resource estimate for the La Pointe Extension target at its Sakami gold project, indicating significant potential for resource expansion and low discovery costs [1][3][4]. Summary by Sections Initial Mineral Resource Estimate - The initial mineral resource estimate (MRE) for the La Pointe Extension is 23.9 million tonnes grading 1.07 grams per tonne (g/t) gold, containing 825,000 ounces of gold [6][7]. - The resource is located near the surface, with all ounces projected to be within 400 meters of the surface [6]. Exploration Potential - There is considerable upside to expand beyond the existing in-pit resources, with an initial mineral exploration target ranging from 8.1 million tonnes to 14.7 million tonnes, grading between 1.57 g/t and 1.11 g/t gold [3][13]. - The current resource remains open in all directions, with immediate opportunities to expand to the northeast and southwest, as well as below the current open pit [11][19]. Discovery Cost and Project Development - The discovery cost for the La Pointe Extension is reported to be less than C$9 per ounce, which includes acquisition costs and drilling expenses [3]. - The summer 2025 drilling program confirmed the continuity and grades of historical drilling, leading to the release of the initial resource estimate [3][19]. Technical Details - The MRE was prepared by an independent geologist in accordance with Canadian standards, ensuring the credibility of the estimates [4][22]. - The estimates are based on a validated database that includes data from 54 surface diamond drill holes totaling 18,233.72 meters [7][21]. Project Overview - The Sakami project covers approximately 14,250 hectares and is strategically located in a region with established gold mineralization [18]. - The project is positioned along a structural corridor where gold mineralization has been identified over a distance of more than 23 kilometers [18].
Q2 Metals Reports Multiple Wide, Mineralized Intercepts from Infill Drilling at the Cisco Lithium Project, Including 95.1 m and 81.9 m each Grading 1.56% Li₂O
Globenewswire· 2025-12-01 12:00
Core Insights - Q2 Metals Corp. is advancing its 2025 drill program at the Cisco Lithium Project, aiming for an initial inferred Mineral Resource Estimate by Q1 2026 [2][4][21] - The ongoing infill drilling campaign has shown promising results, confirming the consistency of the mineralized zone with significant lithium grades reported [5][7] Exploration Target - The Exploration Target for the Cisco Project estimates potential lithium mineralization between 215 to 329 million tonnes, with grades ranging from 1.0% to 1.38% Li2O, based on the first 40 drill holes [3][20] - This target is conceptual and not classified as a mineral resource or reserve, indicating further exploration is needed to define actual resources [3][20] Drilling Progress - The current drilling campaign has completed 27,295 meters over 67 holes, with four drill rigs actively operating on site [5][6] - Recent results from four drill holes include multiple intervals with high lithium grades, such as 95.1 meters at 1.56% Li2O and 81.9 meters at 1.56% Li2O [7][10] Upcoming Events - Q2 Metals will participate in the Mines & Money Resourcing Tomorrow conference in London, UK, from December 2-4, 2025, to engage with industry stakeholders [18]
Q2 Metals Clarifies Technical Disclosure on Initial Exploration Target at the Cisco Lithium Project in James Bay, Quebec, Canada
Globenewswire· 2025-09-10 22:55
Core Viewpoint - Q2 Metals Corp. clarifies its technical disclosure regarding the Exploration Target on the Cisco Lithium Project following a review by the British Columbia Securities Commission, emphasizing that the potential quantity and grade are conceptual and not yet defined as a Mineral Resource [1][2][4]. Exploration Target Details - The inaugural Exploration Target estimates a potential mineralization range of 215 to 329 million tonnes at a grade of 1.0 to 1.38% Li2O, based on drilling data from 40 holes [4][18]. - The Exploration Target is conceptual and does not constitute a Mineral Resource as defined by NI 43-101, with insufficient exploration conducted to confirm the target [4][6][18]. Methodology and Data - BBA Inc. prepared the Exploration Target based on a comprehensive review of exploration and drilling data, including 40 drill holes totaling 16,167.8 meters [5][9]. - The methodology involved 3D modeling of pegmatite domains and applying specific gravity measurements to estimate tonnage and grade, with adjustments made for confidence factors [9][12]. Ongoing Exploration Efforts - The company is continuing its drill campaign to define and prepare an inferred Mineral Resource estimate at the Cisco Project, with mineralization remaining open at depth and along strike [2][19]. - The 2025 Exploration Program is ongoing, with rolling assay results expected in the coming weeks [19]. Company Overview - Q2 Metals Corp. is focused on the Cisco Lithium Project located in the Eeyou Istchee James Bay region of Quebec, Canada, covering 41,253 hectares with significant district-scale potential [17].
West Point Gold Provides Positive Update on Its Exploration Target at Tyro; 10,000 m Drill Program to Start in September at Gold Chain
Newsfile· 2025-09-04 11:00
Core Insights - West Point Gold Corp. has updated its exploration target at the Tyro Main Zone, estimating a potential of 19.5 to 31.2 million tonnes grading 2.0 to 3.0 g/t Au based on recent drilling and geological studies [2][4][8] - The company plans to initiate a 10,000-meter drilling program in September 2025 to further explore and define the Tyro Main Zone and other targets [3][10] Exploration Target Details - The updated Exploration Target is based on 6,227 meters of drilling, geological mapping, surface trenching, and underground geochemical sampling [2][8] - The Tyro Main Zone represents only 1 kilometer of a 3.4-kilometer structure, with potential extensions to the northeast and southwest [4][8] Upcoming Drilling Plans - Initial drilling will focus on the upper extent of the Tyro Main Zone, with approximately 1,200 meters expected to be completed in September 2025 [9][10] - The broader 10,000-meter drill program will also include follow-up drilling at the Sunset vein and other identified targets [10][11] Historical Context and Geological Insights - The Tyro Main Zone includes the historical Tyro Mine and the Decimal Hill area, with the exploration target contained within three patented claims controlled by West Point Gold [7][8] - The geological work completed has improved the spatial definition of the Exploration Target, confirming a nearly continuous tabular body surrounded by a mineralized quartz stockwork envelope [8][9] Technical Oversight - The exploration activities are overseen by qualified professionals, ensuring the accuracy and reliability of the geological data and exploration results [17][18]
Q2 Metals Defines Initial Exploration Target of 215 to 329 Million Tonnes at the Cisco Lithium Project in James Bay, Quebec, Canada
Globenewswire· 2025-07-21 08:00
Core Viewpoint - Q2 Metals Corp. has announced an inaugural Exploration Target for the Cisco Lithium Project, estimating potential mineralization between 215 to 329 million tonnes at a grade of 1.0 to 1.38% Li2O, marking a significant milestone for the company in the lithium sector [2][3][11]. Exploration Target Details - The Exploration Target for the Cisco Project is conceptual, based on limited geological evidence, and does not yet define a Mineral Resource as per NI 43-101 standards [3][4]. - The estimated range of lithium mineralization is derived from the first 40 drill holes, totaling 16,167.8 meters, with ongoing drilling expected to expand this target [6][5]. - The Exploration Target is confined to the currently defined Mineralized Zone, with additional prospective geology outside this zone potentially increasing the overall lithium endowment [7][17]. Geological and Methodological Insights - The Exploration Target was developed by BBA Inc., an independent geological consulting firm, utilizing data from 40 diamond core drill holes and 3D modeling of pegmatite domains [13][15]. - The methodology included a review of geological data, specific gravity measurements, and adjustments for confidence factors to estimate tonnage and grade [15][16]. Future Plans and Expectations - The company is continuing its 2025 Summer Program, with rolling assay results expected into Q3 2025, aiming to update the Exploration Target to a NI 43-101 compliant inferred Mineral Resource Estimate [6][23]. - The location of the Cisco Project within the James Bay Lithium District, near infrastructure such as the Billy Diamond Highway and rail access, positions it favorably for future development [11][20].
Q2 Metals Defines Initial Exploration Target of 215 to 329 Million Tonnes at the Cisco Lithium Project in James Bay, Quebec, Canada
GlobeNewswire News Room· 2025-07-21 08:00
Core Viewpoint - Q2 Metals Corp. has announced an inaugural Exploration Target for the Cisco Lithium Project, estimating potential mineralization between 215 to 329 million tonnes at a grade of 1.0 to 1.38% Li2O, marking a significant milestone for the company in the lithium sector [2][3][10]. Exploration Target Details - The estimated range of potential mineralization is from 215 to 329 million tonnes with a grade ranging from 1.0 to 1.38% Li2O, based on the first 40 drill holes totaling 16,167.8 meters [3][6]. - The Exploration Target is conceptual and does not constitute a mineral resource or reserve, as further exploration is needed to define a Mineral Resource [4][6]. - The current Exploration Target is limited to the defined Mineralized Zone, with potential for further increases in lithium endowment outside this area [7][18]. Geological and Drilling Insights - The Exploration Target was developed by BBA Inc., an independent geological consulting firm, based on geological evidence and drilling data [6][13]. - The 2025 Summer Program is ongoing, with additional drilling expected to provide further assay results into Q3 2025, aiming for a maiden resource estimate [6][22]. - The mineralization remains open at depth and along strike, indicating potential for significant expansion [6][10]. Project Location and Infrastructure - The Cisco Project is located within the greater Nemaska traditional territory of the Eeyou Istchee, James Bay region of Quebec, Canada, and is strategically positioned near the Billy Diamond Highway and rail access in Matagami [21][10]. - The project encompasses 801 claims over 41,253 hectares, highlighting its district-scale potential [21]. Company Statements and Future Plans - Q2 Metals' President and CEO emphasized the significance of the Exploration Target, positioning Cisco as a globally important hard rock lithium discovery [10]. - The company plans to continue advancing the Cisco Project, focusing on creating shareholder value through ongoing exploration and development efforts [10].
Q2 Metals Announces Final Assays from Winter Drill Program and Initiates on Exploration Target at Cisco Lithium Project
Globenewswire· 2025-06-10 11:05
Core Insights - Q2 Metals Corp. has reported strong assay results from the remaining 10 drill holes of the 2025 Winter Program at the Cisco Lithium Project, indicating significant mineralization potential [3][4][6] Summary by Sections Assay Results - A total of 6,980 meters were drilled over 14 holes during the 2025 Winter Program, with 4,409 meters of results reported from the last 10 holes [4] - Notable intervals include: - CS25-029: 26.5 meters at 1.25% Li2O - CS25-031: 33.9 meters at 1.19% Li2O - CS25-033: 27.3 meters at 1.39% Li2O - CS25-028: 49.4 meters at 1.33% Li2O - CS25-030: 52.7 meters at 0.83% Li2O - CS25-036: 64.3 meters at 1.34% Li2O [5][6] Exploration Target - BBA Engineering Ltd. has been engaged to create an Exploration Target for the Cisco Project, which will provide early guidance on the potential scale and grade of the mineralized zone [6][19] - The Exploration Target aims to conceptualize the potential quantity and grade of the mineral deposit based on geological evidence [19] Ongoing Exploration - A detailed mapping and sampling campaign covering 41,253 hectares of the Cisco Project began in May 2025, with 348 rock samples collected so far [20] - The exploration program will continue through the summer, focusing on areas with anomalous trace-element geochemistry [20] Upcoming Events - Q2 Metals will attend the Fastmarkets 17 Lithium Supply and Battery Raw Materials Conference in Las Vegas from June 23-26, 2025 [22] Company Overview - Q2 Metals is a Canadian mineral exploration company focused on the Cisco Lithium Project, which consists of 801 claims totaling 41,253 hectares [27] - The project is strategically located near key infrastructure, including the Billy Diamond Highway and the Town of Matagami [27]
Critical Metals Corp Releases Additional High-Grade REE Results From Diamond Drilling at Tanbreez in Greenland
GlobeNewswire News Room· 2025-06-09 18:09
Core Viewpoint - Critical Metals Corp has announced exceptional assay results from the Tanbreez Project in Greenland, indicating a significant opportunity to increase the current Maiden Resource Estimate (MRE) of rare earth materials from 225 million tonnes (MT) to an exploration target of 500MT [1][19][30]. Group 1: Assay Results and Resource Estimates - The weighted average grade from the newly released diamond drill hole results is 0.43% Total Rare Earth Oxides (TREO) with 28% Heavy Rare Earth Oxides (HREO) and 1.44% Zirconium Oxide (ZrO2) [9][13]. - The MRE for the Tanbreez Project is approximately 45MT of eudialyte containing 0.38% TREO, including 27% HREO, along with 180MT of industrial mineral by-products [1][30]. - The deep diamond drill holes have confirmed mineralization grades ranging from 0.33% to 0.51% TREO, with the potential for further resource upgrades [13][19][23]. Group 2: Drilling Plans and Operations - The company has applied for a Program of Works for the 2025 resource drilling program to upgrade the Inferred Resource to Indicated Resource category and extend the size of the Tanbreez Fjord and Hill Zone Deposits [2]. - The first stage of the drilling program will target the Fjord Deposit, while the second stage will focus on the Hill Zone Deposit, with planned depths of 60m to 150m [4][6][5]. - The company is currently re-assaying historical samples to confirm and reconcile assay results, with updates expected soon [3][7]. Group 3: Strategic Positioning and Future Outlook - The Tanbreez Project is strategically positioned to advance development plans, with ongoing exploration and fieldwork to deepen understanding of the asset's potential [1][19]. - The company holds a 42% interest in the Tanbreez Project, with the right to increase this to 92.5%, indicating strong control over the resource [1]. - The project is expected to play a crucial role in supplying critical minerals essential for electrification and next-generation technologies in Europe and its partners [38][39].
Change In Australian Shareholder Registry Services
Globenewswire· 2025-03-28 13:11
Company Overview - Novo Resources Corp. is an Australian-based gold explorer listed on the ASX and TSX, focused on discovering standalone gold projects with over 1 million ounces (Moz) development potential [4] - The company has a significant land package covering approximately 5,500 square kilometers in the Pilbara region of Western Australia, along with the 22 square kilometer Belltopper project in Victoria, Australia [4] Recent Developments - As of March 31, 2025, Novo has changed its shareholder registry services provider from MUFG Pension & Market Services to Automic Pty Ltd, enhancing shareholder management through Automic's secure online investor portal [1][2] - Novo has formed a lithium joint venture with SQM in the Pilbara, providing shareholders exposure to battery metals [6] Key Projects - The Egina Gold Camp is a key project area where De Grey Mining is farming-in to form a joint venture at the Becher Project, with an exploration expenditure of A$25 million over four years for a 50% interest [5] - Novo is advancing gold exploration south of Becher in the Egina Gold Camp, part of the Croydon joint venture (Novo 70%: Creasy Group 30%) [5] - Recently, Novo has added the TechGen John Bull Gold Project and the Manhattan Tibooburra Gold Project to its portfolio, both demonstrating significant discovery potential and aligning with the company's strategy [7] Exploration Targets - Novo has defined an exploration target with a tonnage range of 1.5 million tonnes (Mt) to 2.1 Mt, a grade range of 6.6 grams per tonne (g/t) to 8.4 g/t gold, and an ounces range from 320,000 ounces (koz) to 570 koz [9]