Core Viewpoint - Lake Victoria Gold Ltd. is advancing the construction of the Nyati processing facility in Tanzania and is in negotiations for a binding agreement to formalize a strategic partnership with Nyati Resources [1][8]. Group 1: Construction Progress - The Nyati processing facility includes a 120 tonne-per-day carbon-in-pulp (CIP) plant and a second larger unit with a capacity of over 500 tonnes per day, aiming for a total capacity exceeding 600 tonnes per day once fully commissioned [3]. - Construction is nearing completion, with commissioning expected to begin within 4-6 weeks, and final site preparations and equipment testing are currently underway [4]. - Key components of the facility, including the primary and secondary crushing circuits, mill feed bins, and leach circuit, have been installed and are undergoing final testing [7]. Group 2: Strategic Partnership - Lake Victoria Gold and Nyati Resources are in advanced negotiations for a binding agreement that will grant LVG exclusive rights to mill and process ore at the Nyati facility, supporting the development of nearby mining licenses [8]. - The proposed agreement will outline capital contributions and revenue sharing provisions, enhancing LVG's operational capabilities [8]. Group 3: Management Insights - The Managing Director of Tanzania, David Scott, highlighted the impressive scale and quality of the construction, indicating that the facility will be crucial for LVG's development strategy [2]. - The President & CEO of Lake Victoria Gold, Marc Cernovitch, emphasized that the progress at Nyati represents a key milestone in unlocking the value of Tanzanian assets through efficient development [9].

Vancouver, British Columbia – TheNewswire - July 16, 2025 – Fitzroy Minerals Inc. (“Fitzroy” or the “Company”) (TSXV: FTZ) is pleased to provide strategic and exploration updates after its recent financing (see Fitzroy news release July 9, 2025). Following excellent exploration results in H1 2025, at both the Buen Retiro Copper (“Buen Retiro”) and Caballos (“Caballos”) Copper-Molybdenum-Gold-Rhenium projects, the Company will focus primarily on advancing these two projects. Further, the Company will review ...

TORONTO, July 15, 2025 (GLOBE NEWSWIRE) -- Sintana Energy Inc. (TSX-V: SEI, OTCQX: SEUSF) (“Sintana” or the “Company”) is pleased to provide the following update regarding Petroleum Exploration License 79 (“PEL 79”) which governs blocks 2815 and 2915 located in Namibia’s Orange Basin. The joint venture partners of PEL 79 which include the National Petroleum Corporation of Namibia (Pty) Ltd. (“NAMCOR”) and Giraffe Energy Investments (Pty) Ltd. (“Giraffe”), an entity in which Sintana maintains a 49% ownership ...

Drilling intersects broad zones of high-grade gold mineralization down plunge of original Discovery ZoneHigh grade intersections include: AMD30 – 5.9 g/t Au over 60 metres (m) including 9.3 g/t Au over 22.5mAMD50 – 2.2 g/t Au over 99.9m including 5.5 g/t Au over 25.5mAMD37 – 3.0 g/t Au over 51.0m including 6.3 g/t Au over 10.5m Five drill rigs active in the Discovery AreaUpdated Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA) anticipated in Q4 2025 TORONTO, July 15, 2025 (GLOBE NE ...

Core Viewpoint - Silicon Metals Corp. has signed definitive agreements to acquire 100% ownership of an Aggregate Permit and surrounding mineral claims in the Sudbury District of Ontario, along with plans for a private placement to raise up to $800,000 [1][3]. Acquisition Details - The company has entered into two definitive agreements with separate vendors to acquire an Aggregate Permit AP6453 and five mining claims covering quartz-rich pegmatite mineralization [1][5]. - The active Aggregate Permit allows for the extraction of high purity quartz material through quarrying, covering an area of 6.77 hectares with an initial extraction capacity of 3,000 tonnes per year [6]. Financial Aspects - The company plans to complete a private placement of up to 16,000,000 non-flow-through units at a price of $0.05 per unit, aiming for gross proceeds of up to $800,000 [10][11]. - Proceeds from the offering will be used for the advancement and development of the Permit and surrounding claims, as well as for general working capital [11]. Share Issuance Terms - Silicon Metals is required to make several cash payments and issue common shares to the optionor as part of the acquisition agreements, including $25,000 in cash and 500,000 common shares upon CSE approval [7][8]. - Additional share issuances of 1,500,000 common shares are required at specified intervals following CSE approval [7]. Project Updates - The company has received LiDAR data for the Ptarmigan Project and is currently conducting internal analysis and modeling [9]. Company Background - Silicon Metals Corp. is focused on exploration in western Canada, holding interests in multiple silica projects, including the newly acquired Aggregate Permit in Ontario [15].

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA. TORONTO, July 14, 2025 (GLOBE NEWSWIRE) -- Revival Gold Inc. (TSXV: RVG) (“Revival Gold” or the “Company”) is pleased to announce that, further to the Company’s press release dated July 10, 2025, EMR Capital Management Limited (“EMR”) has agreed to upsize its prev ...

TORONTO, July 10, 2025 (GLOBE NEWSWIRE) -- Evergold Corp. (TSX-V: EVER, WKN: A2PTHZ) (“Evergold” or the “Company”) is pleased to announce that Alvin W. Jackson, P.Geo., has joined the board of directors. Mr. Jackson brings to the board long experience as a director and executive of junior mineral exploration companies, and extensive worldwide experience in mineral exploration and development, including work on such major mineral deposits as Detour Lake in Ontario (Archean gold), Golden Cross in New Zealand ...

TORONTO, July 09, 2025 (GLOBE NEWSWIRE) -- Evergold Corp. (TSX-V: EVER, WKN: A2PTHZ) (“Evergold” or the “Company”) is pleased to announce that it has entered into a binding letter of intent to be granted an option to acquire a 100% ownership interest in four inlier claim groups totaling 173 hectares (the “Option”), located within the northern half of its Golden Lion property (Figures 1 and 2)(the “Acquired Tenures”). The Option, which is subject to the approval of the TSX Venture Exchange, is conditional on ...

Core Viewpoint - Aris Mining Corporation has signed a definitive asset purchase agreement with McFarlane Lake Mining Limited for the sale of the Juby Gold Project in Ontario, Canada, valued at US$22 million [1][2][4]. Company Overview - Aris Mining is focused on building a leading gold mining company in Latin America, with operations in Colombia and Guyana [5][6]. - The company operates two underground gold mines in Colombia, producing 210,955 ounces of gold in 2024, and aims to increase annual production to over 500,000 ounces [6][8]. Transaction Details - The Juby Gold Project includes Aris Mining's 100% interest in the project and a 25% joint venture interest in the adjacent Knight property [2]. - The total consideration for the transaction is US$22 million, consisting of US$10 million in cash at closing, common shares of McFarlane, and potential additional payments within 12 months if necessary [7][4]. - The completion of the transaction is contingent upon McFarlane raising at least US$10 million in gross proceeds and meeting other customary closing conditions [4]. Strategic Focus - The sale of the Juby Gold Project aligns with Aris Mining's strategy to concentrate on core operations in Latin America, while McFarlane aims to enhance its portfolio and shareholder value through this acquisition [3][10].

Tereg Uul Tereg Uul exploration license location HALIFAX, Nova Scotia, July 03, 2025 (GLOBE NEWSWIRE) -- Erdene Resource Development Corporation (TSX:ERD | MSE:ERDN) (“Erdene” or the “Company”) is pleased to announce the execution of an option agreement to acquire an up to 80% ownership interest in the Tereg Uul copper-gold porphyry prospect, located approximately 10 kilometres southwest of the Oyu Tolgoi deposit. Peter Akerley, Erdene’s President and CEO stated, “We are excited to explore for copper an ...