Core Insights - West Red Lake Gold Mines has released a Preliminary Economic Assessment (PEA) for its Rowan project, indicating strong economic potential due to its high-grade, nearly vertical deposit characteristics [1][2][4]. Project Overview - The Rowan project is located 80 kilometers from the Madsen Mine and mill, with plans to utilize toll milling at existing mills in the Red Lake area to process its mineralization [1][2]. - The PEA highlights an average diluted head grade of 8.0 grams per tonne and an average annual gold production of 35,230 ounces over a 5-year mine life [4][5]. Economic Metrics - The post-tax Net Present Value (NPV) of the project is estimated at $239 million at a gold price of US$3,250 per ounce, with an Internal Rate of Return (IRR) of 81.7% [4][11]. - The all-in sustaining cost (AISC) is projected at US$1,408 per ounce, with a life of mine cash cost of US$963 per ounce [5][4]. Development Plans - The company plans to complete a Pre-Feasibility Study (PFS) by Q3 2026, with new legislation in Ontario aimed at expediting the mine approval process [6]. - There are significant opportunities for resource expansion at Rowan, with ongoing drilling campaigns targeting both depth and strike extensions of the mineralization [6][9]. Exploration Potential - Recent drilling has indicated high-grade gold mineralization, with notable intercepts such as 70.8 g/t gold over 8.3 meters, suggesting potential for further resource definition [9][8]. - The company aims to upgrade approximately 37% of the mine plan tonnes currently classified as inferred resources [11]. Operational Context - The Madsen Mill, with a nameplate capacity of 1,089 tonnes per day, is a potential processing site for Rowan's mineralization, which aligns with the company's toll milling strategy [3][2]. - The ramp-up operations at the Madsen Mine have begun, with consistent mining and milling rates reported [21].

Core Viewpoint - Surge Copper Corp. has successfully increased its non-brokered equity financing from approximately $6.4 million to up to $10.4 million due to strong investor demand, with full subscription from both new and existing investors [1] Group 1: Offering Details - The Offering will consist of a LIFE Offering of up to 19.2 million common shares at $0.175 per share for gross proceeds of up to $3.4 million, and a LIFE Charity Flow-Through Offering of up to 9.4 million charity flow-through common shares at $0.265 per share for gross proceeds of up to $2.5 million [7] - A Concurrent Strategic Investment is expected to raise up to $4.5 million through a private placement of up to 25.8 million common shares at $0.175 per share, increasing the strategic investor's ownership to up to 19.9% [7] Group 2: Use of Proceeds - Net proceeds from the Offering will fund engineering, environmental, and early-stage permitting activities at the Berg Project, supporting the completion of a Preliminary Feasibility Study and potential entry into the Environmental Assessment process [2] - A portion of the proceeds will also be allocated for general working capital [2] Group 3: Company Overview - Surge Copper Corp. is advancing a critical metals district in British Columbia, owning a large mineral claim package with multiple advanced porphyry deposits containing copper, molybdenum, gold, and silver [9] - The Company holds a 100% interest in the Berg Project, which has a Preliminary Economic Assessment (PEA) indicating an NPV of C$2.1 billion and an IRR of 20% based on long-term commodity prices [10]

Millennial Potash Intersects Additional Robust Potash Mineralization in BA-004 at Its Banio Potash Project in GabonJune 26, 2025 8:00 AM EDT | Source: Millennial Potash Corp.Vancouver, British Columbia--(Newsfile Corp. - June 26, 2025) - Millennial Potash Corp. (TSXV: MLP) (OTCQB: MLPNF) (FSE: X0D) ("MLP", "Millennial" or the "Company") is pleased to announce that it has completed drillhole BA-004 at the North Target on its Banio Potash Project in Gabon. As part of Millennial's Phase 2 drill p ...

JUNE 2025 REVIVING HISTORIC MINING CAMPS IN NORTH AMERICA Gradient CAUTIONARY STATEMENTS CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION Certain statements contained in this presentation (this "Presentation") may be deemed "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation (together, "forward-looking statements"). These forward-looki ...

Besra Gold Announces Significant Strides in Jugan Project BFS H1 2025 Jugan Project UpdateJune 25, 2025 12:55 PM EDT | Source: Besra Gold Inc.HighlightsH1 2025 has seen significant strides in derisking key Bankable Feasibility Study (BFS) workstreams for the Jugan Project during H1 2025 including:Metallurgical test work.Trialling alternative processing techniques.Geotechnical assessment and tailings management studies.Hydrogeological groundwater studies.Mineral Resource Estimate update for Jug ...

Copper Fox Assembles Project Team to Explore Advancing Van Dyke ISCR Project to Prefeasibility Study StageJune 23, 2025 6:00 AM EDT | Source: Copper Fox Metals Inc.Calgary, Alberta--(Newsfile Corp. - June 23, 2025) - Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) (FSE: HPU) ("Copper Fox" or the "Company"), through its wholly owned subsidiary Desert Fox Van Dyke Co., is pleased to provide an update on its 100% owned Van Dyke in-situ copper recovery (ISCR) project located in the Globe-Miami M ...

TORONTO, June 19, 2025 (GLOBE NEWSWIRE) -- NexGold Mining Corp. (TSXV: NEXG; OTCQX: NXGCF) (“NexGold” or the “Company”) is pleased to provide an update on its ongoing 25,000-metre diamond drill program initially announced on January 22, 2025 at the Company’s Goldboro Gold Project in Nova Scotia (“Goldboro”). The drill program is primarily designed to infill specific areas of the open pit Mineral Resource identified to improve geological and grade continuity and potentially upgrade certain areas of Inferred ...

MONTREAL, June 11, 2025 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") announces the filing of a technical report (the "Technical Report") prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") in respect of the feasibility study ("2025 FS") for its permitted, 100%-owned Cariboo Gold Project (the "Cariboo Gold Project"), located in central British Columbia, Canada. The Technical Report, ...

12-week Initiation Program Complete Justin Reid, CEO of Troilus, commented "We've made excellent progress in recent months thanks to the strong collaboration between BBA and our internal project team. Finalizing the flowsheet on schedule marks a major milestone and speaks to the precision and discipline guiding our development approach. BBA's deep familiarity with the site and its track record on world-class projects like Canadian Malartic and Detour Lake, continues to add significant value. We look forward ...

TORONTO, June 09, 2025 (GLOBE NEWSWIRE) -- Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) (the “Company” or “Lithium Ionic”) reports that it has filed the independent NI 43-101 compliant technical report for its 100%-owned Bandeira Lithium Project (“Bandeira” or the “Project”) in Minas Gerais State, Brazil, related to the updated Mineral Resource Estimate (“MRE”) for the Project announced on May 6, 2025. The technical report, titled “Bandeira Lithium Project NI 43-101 Technical Report Mineral Resou ...