TORONTO, Nov. 27, 2025 (GLOBE NEWSWIRE) -- Allied Gold Corporation (TSX: AAUC, NYSE: AAUC) (“Allied” or the “Company”) is pleased to provide an update on the ongoing exploration and development activities at its Kurmuk mine in western Ethiopia, highlighting the scale and continuity of mineralized systems within its highly prospective gold camp and the growth potential and optionality of the Company’s flagship development asset. This is the second of three planned exploration updates, with a further release ...

Core Insights - Lake Victoria Gold Ltd. (LVG) provided an update on Q3 2025 exploration activities conducted on licenses sold to Bulyanhulu Gold Mine Limited, a joint venture between Barrick Mining Corporation and the Government of Tanzania [1][2] Exploration Activities - Bulyanhulu advanced its exploration program to refine geological models and evaluate the potential for discovering new mineralized systems within the Tembo Inlier portfolio [2] - Key activities included the completion of a GAIP geophysical survey and the initiation of aircore drilling [3] Financial Overview - As of September 30, 2025, cumulative project expenditures reached US$6,659,397 out of a proposed US$9,000,000 under the Asset Purchase Agreement (APA) [4] Drilling Progress - Bulyanhulu completed 94 line-km of GAIP surveying, with results being integrated into updated structural interpretations [5] - A geochemical aircore drilling program commenced at the Enze target, with 19 holes totaling 419m completed out of a planned 945-hole, 30,750m program [5] - Planning for diamond and RC drilling along the Itetemia trend is underway, focusing on identifying potential repetitions of the Reef 1 and Reef 2 horizons [5] Strategic Context - Under the APA, LVG may receive up to US$45 million in contingent payments from Barrick, contingent on future discoveries or resource thresholds on the licenses [6] Management Insights - Management expressed confidence in the systematic approach taken by Barrick to unlock the Tembo geology, highlighting the potential for significant discoveries [7] - The ongoing progress at Tembo is seen as reinforcing the long-term potential of this strategic asset [7] Future Plans - Bulyanhulu plans to continue aircore drilling through Q4 2025, with diamond and RC drilling programs expected to be completed in the same quarter [10]

Core Insights - Omai Gold Mines Corp. has reported positive assay results from its drilling activities at the Omai Gold Project in Guyana, highlighting significant gold mineralization in two exploration targets near the Wenot and Gilt Creek deposits [1][4][32] - The company is currently operating five drilling rigs at the Wenot deposit, aiming to complete an additional 8,000 meters of drilling by the end of the year [2][4] Exploration Results - The BBH target drilling results include hole 25ODD-131, which returned 20.33 g/t Au over 5.3m, including 35.61 g/t Au over 3m, and hole 25ODD-135, which returned 2.72 g/t Au over 16.3m, including 9.05 g/t Au over 4m [6][17] - The Camp Zone target has also shown promising results, with significant intersections such as 2.05 g/t Au over 7.5m and 0.85 g/t Au over 12.7m [17][19] Drilling Activities - A total of 64 drill holes have been completed in 2025, totaling 30,297 meters, with ongoing drilling at the Wenot deposit [1][4] - The deep hole 25ODD-122 reached a depth of 2,014m, intersecting approximately 280m of the Wenot shear corridor at a depth of about 1,120m, indicating potential for further resource expansion [2][20] Future Plans - The company plans to further model the identified exploration targets to guide additional drilling, aiming to define satellite deposits that could enhance early cash flow and overall net present value (NPV) [4][32] - An updated Preliminary Economic Study (PEA) is scheduled for H1 2026, which will incorporate the expanded Wenot open pit deposit and adjacent Gilt Creek underground deposit [32]

Core Viewpoint - 0749116 B.C. Ltd. (dba Terra Rossa Gold Ltd.) has successfully listed on the TSX.V under the symbol TRR, enabling the company to resume exploration and development of its Vetas Gold Project in Santander, Colombia, where it holds 100% ownership [2][3]. Company Overview - The company is focused on gold exploration and development, with a well-financed structure and an experienced team in place [17]. - A local exploration and administration team operates in Colombia, along with a community relations office in Vetas [17]. Vetas Gold Project Details - The Vetas Gold Project is located in the Vetas-California Mining District, approximately 70 km northeast of Bucaramanga, Colombia, covering an area of about 313.9 hectares [14][4]. - The project has a history of gold mining dating back to the seventeenth century, with modern exploration initiated by CB Gold from 2009 to 2013 [4][5]. Exploration and Drilling History - Between 2010 and 2013, a total of 162 diamond drillholes were completed, totaling 71,035 meters, revealing several high-grade gold and silver veins [3][4]. - Notable assay results include: - Drillhole ED-DDH12-106A: 19.83 g/t Au and 10.6 g/t Ag over 3.3 m [3]. - Drillhole AR-DDH11-06: 506.69 g/t Au and 89.7 g/t Ag over 0.74 m [3]. - Drillhole RM-DDH12-11: 78.14 g/t Au and 12.66 g/t Ag over 3.31 m [3]. Future Plans - The company plans to advance the Vetas Project with an extensive underground sampling and drilling program aimed at better understanding and expanding high-grade vein resources [5]. - Initial work will include compiling existing data, detailed underground mapping, and prioritizing targets for further drilling [5].

Vancouver, British Columbia--(Newsfile Corp. - October 6, 2025) - West Point Gold Corp. (TSXV: WPG) (OTCQB: WPGCF) (FSE: LRA0) ("West Point Gold" or the "Company") announces strong, ongoing drill results from its fully underway 10,000 metre (m) drill program at the flagship Gold Chain Project in Arizona. The Company reports assay results for drill holes GC25-69 and GC25-68, further confirming the project's growing potential.Highlights:Hole GC25-69 intersected 76.2m of 1.92 g/t Au including 32.0m of 3.17 g/ ...

Core Viewpoint - Cabral Gold Inc. has expanded the gold-in-oxide blanket at the PDM target by 50%, indicating a significantly larger resource base, and has discovered two new zones of primary gold mineralization in the Cuiu Cuiu Gold District [3][15]. Group 1: Drill Results and Resource Expansion - Recent drilling results from 10 RC drill holes and 6 diamond drill holes have confirmed the expansion of the gold-in-oxide mineralized blanket from 0.26 km² to 0.39 km², representing a 50% increase [5][15]. - The number of NW trending primary mineralized zones at PDM has increased from two to four, with these zones remaining open along strike to the north and south [3][5]. - Significant drill results include 6m @ 2.74 g/t gold from 9m depth in hole RC0579, which includes 1m @ 13.06 g/t gold from 10m depth [5][13]. Group 2: Ongoing Drilling and Future Targets - Drilling is currently in progress at the previously untested Mutum target, where surface trenches have shown gold values averaging 0.9 to 1 g/t [3][15]. - Additional drilling is also taking place at the Machichie and Machichie NE targets, with previous results indicating high-grade intercepts [16][21]. Group 3: Financial and Operational Updates - The construction capex for the gold-in-oxide starter operation is estimated at US$37.7 million, with a post-tax IRR of 78% and an NPV of US$73.9 million based on a gold price of US$2,500 per ounce [21]. - The company is focused on securing construction financing while completing detailed engineering for the project and building its construction and operating team [22]. Group 4: Company Overview - Cabral Gold Inc. is a junior resource company focused on the exploration and development of gold properties in Brazil, particularly in the Cuiú Cuiú gold district [23]. - The Cuiú Cuiú project has defined three main gold deposits with NI 43-101 compliant resources totaling 12.29 million tonnes at 1.14 g/t gold in fresh basement material and 13.56 million tonnes at 0.50 g/t gold in oxide material [23].

Core Viewpoint - First Nordic Metals Corp. has announced an upsized private placement to raise gross proceeds of up to C$68 million and is acquiring Mawson Finland Limited, consolidating a significant gold exploration portfolio in Sweden and Finland [1][2][3][4]. Group 1: Private Placement Details - The Concurrent Private Placement has been increased to raise gross proceeds of up to C$68 million by issuing up to 178,947,368 subscription receipts at a price of C$0.38 each [2]. - A brokered private placement is also being conducted, aiming to raise up to C$12 million through the issuance of 31,578,947 subscription receipts at the same price [1][2]. Group 2: Transaction Overview - First Nordic has entered into an arrangement agreement to acquire all outstanding common shares of Mawson Finland Limited, which will result in the formation of NordCo Gold [3]. - The transaction will consolidate a large gold development and exploration portfolio, including First Nordic's Barsele Joint Venture Project and Mawson's Rajapalot Project [4]. Group 3: Share Consolidation and Ownership Structure - Following the transaction, First Nordic's shares will be consolidated on a 4-for-1 basis, reducing the outstanding shares from approximately 318.2 million to about 79.6 million [5]. - Post-transaction, current First Nordic shareholders are expected to own approximately 46%, Mawson shareholders about 23%, and subscribers under the offerings around 31% of NordCo Gold [5]. Group 4: Use of Proceeds - The total gross proceeds of up to C$80 million from the offerings will be allocated for exploration programs, transaction-related costs, and general corporate purposes [7].

Core Viewpoint - West Point Gold Corp. has entered into a share purchase agreement to acquire a 100% interest in the Baxter Spring Project, enhancing its strategic footprint in Nevada [1][14][19] Acquisition Details - The acquisition involves the purchase of all issued and outstanding shares of Baxter Gold Corp. for 13,500,000 common shares valued at CAD$0.435 each [14] - The transaction is subject to approval from the TSX Venture Exchange [16] Project Overview - The Baxter Spring Project is located in the Manhattan Mining District, approximately 40 km south of Kinross's Round Mountain Mine and West Point Gold's Jefferson Canyon project [1][6] - The project consists of 137 unpatented federal lode claims covering approximately 2,830 acres (1,145 hectares) [6] Historical Exploration - Historical exploration includes 128 drill holes, with approximately 11,000 meters of reverse circulation drilling and 1,850 meters of core drilling [2][7] - Significant historical drilling results include intersections such as 12.2 meters at 60.3 g/t Au and 24.4 meters at 2.49 g/t Au [4][10] Future Plans - The company plans to focus on low-cost programs at Baxter Spring in Q4 2025, with drilling anticipated in 2026 [2][21] - Activities will include compiling historical exploration data, generating digital models, and designing follow-up drill holes [21] Financial Considerations - The share consideration for Baxter's shareholders will be subject to a statutory hold period of four months plus additional voluntary hold periods [15]

Core Viewpoint - Element79 Gold Corp has engaged Rangefront Mining Services to complete a National Instrument 43-101 Technical Report on its 100%-owned Elephant Project in Nevada, aiming to enhance its exploration portfolio in the region [1][2]. Group 1: Project Details - The Elephant Project is located in Nevada's Battle Mountain Trend, known for its significant gold production history and multiple identified gold-bearing structures [3]. - Historical exploration has revealed strong potential for both high-grade and bulk-tonnage gold mineralization at the Elephant Project [3]. Group 2: Technical Report and Future Plans - The NI 43-101 Technical Report is intended to validate the Elephant Project as a "property of merit," which will facilitate a systematic exploration program to unlock its potential [4]. - Rangefront has begun compiling and analyzing three decades of historical exploration data for the Elephant Project, with the report expected to be completed in Q4 2025 [2]. Group 3: Company Strategy and Partnerships - The partnership with Rangefront is viewed as valuable due to their expertise in Nevada geology, which is crucial for advancing the company's exploration strategy [5]. - Element79 Gold's focus is on its Nevada portfolio, particularly the Gold Mountain and Elephant Projects, while also advancing its Lucero Project in Peru for long-term growth [7].

Core Viewpoint - North Peak Resources Ltd. is investigating the economic potential of historic dumps at the Prospect Mountain Mine complex, which may provide a revenue stream to offset future exploration expenses [1][4]. Group 1: Economic Potential - The main dump at the Prospect Mountain Mine is estimated to contain between 210,000-230,000 metric tons of material, with gold recoveries between 75-85% based on historical investigations [2][4]. - The average feed grades from historical reports range from 0.76 g/t Au and 27.5 g/t Ag to 3.19 g/t Au and 34.46 g/t Ag [2]. Group 2: Exploration Plans - An aircore drill program will be initiated to characterize the grade distribution across the dump, expected to start in mid-September [3]. - A composite bulk sample will be sent for metallurgical test work, including column leach testing, to investigate the dumps' potential for toll leach treatment offsite [3]. Group 3: Company Background - North Peak is a Canadian gold exploration and development company, with its flagship property being the Prospect Mountain Mine complex located in the Southern Eureka Gold Belt [10][11]. - The company has a Plan of Operations in place that allows for surface exploration and underground mining of up to 365,000 tons per annum [12].