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Broad, High-Grade Assays Infill Tunkillia 'S1' Pit Area
Accessnewswire· 2025-12-01 23:00
Results emphasise Tunkillia grade potential in key features HIGHLIGHTS New assays support higher-grade model for Tunkillia S1 'Starter Pit' mineralisation; infill drilling targeting conversion to JORC (2012) 'Measured' category to underwrite financing 1 Tunkillia 'S1' pit modelled to produce $825m operating profit in first year of operations from average grade of 1.19 g/t Au - new broad, high-grade assays from this zone include: 2 Hole ID Interval Including: TKB0267 14m @ 2.78 g/t Au from 88 metres 3m @ 6.9 ...
Auranova and Kenorland Announce Completion of Fall Drill Program at the South Uchi Project, Ontario
Newsfile· 2025-11-03 18:17
Core Insights - Auranova Resources Inc. and Kenorland Minerals Ltd. have completed the 2025 fall drill program at the South Uchi Project in Ontario, which included 13 diamond drill holes totaling 7,075 meters [1][2] - The drilling program aimed to test the continuity of gold mineralization and successfully extended the mineralized corridor by approximately two kilometers to the east [2][3] - Assay results from the drilling are expected in Q1 2026, which will provide further insights into the economic potential of the mineralization [2][3] Drilling Program Details - The Phase 2 drilling program followed a winter campaign that outlined widespread gold mineralization along a five-kilometer-long structural corridor [2] - The program refined the understanding of mineralization controls, including vein generations and structural influences, with mineralization consisting of multi-stage, sulphide-rich quartz-carbonate veining [3][6] - Localized visible gold was observed, although the presence of mineralization does not necessarily indicate economically significant grades [6] Next Steps - Kenorland will maintain the camp and infrastructure at the Papaonga target for an additional three months in preparation for a potential winter drill program [7] Project Background - The South Uchi Project was identified based on its prospectivity for significant gold mineralized systems, covering a portion of Confederation Assemblage volcanic rocks [8] - The project area has seen little systematic exploration prior to Kenorland's involvement, highlighting its potential for new discoveries [8] Ownership and Agreements - Auranova has entered into an agreement with Kenorland to earn up to a 70% interest in the South Uchi Project, with an initial 51% interest earned through cash payments and drilling expenditures [9][12] - Kenorland retains a 30% carried interest in the project until the completion of a Preliminary Economic Assessment [12]
Kenorland and Auranova Announce Completion of Fall Drill Program at the South Uchi Project, Ontario
Newsfile· 2025-11-03 12:30
Core Viewpoint - Kenorland Minerals Ltd. and Auranova Resources Inc. have completed the 2025 fall drill program at the South Uchi Project in Ontario, which has shown promising results in gold mineralization and further exploration potential [1][2]. Group 1: Drill Program Details - The Phase 2 drill program consisted of 13 diamond drill holes totaling 7,075 meters, following a successful winter campaign that identified widespread gold mineralization along a five-kilometer structural corridor [2]. - Drilling aimed to test the continuity of mineralization from previous findings and successfully extended the deformation zone by two kilometers to the east [2][3]. - Assay results from this drill program are expected in Q1 2026 [2]. Group 2: Mineralization Insights - The program identified mineralization in broad step-outs both east and west of the previous drill hole, extending the mineralized corridor by approximately two kilometers [3]. - The mineralization consists of multi-stage, sulphide-rich quartz-carbonate veining, with localized visible gold observed in association with veining and sulphides [6]. - Structural controls on mineralization were refined, indicating that mineralization occurs favorably along lithological contacts between different volcanic rock types [6]. Group 3: Future Plans - Following the completion of the fall drill program, Kenorland will maintain the camp and infrastructure at Papaonga for an additional three months in preparation for a potential winter drill program [7]. Group 4: Project Background - The South Uchi Project was identified based on its prospectivity for significant gold mineralized systems, covering a portion of the Confederation Assemblage volcanic rocks [8]. - The project area has seen little systematic exploration prior to Kenorland's involvement, highlighting its potential for future discoveries [8]. Group 5: Partnership and Ownership - Kenorland has entered into an agreement with Auranova, allowing Auranova to earn up to a 70% interest in the Project through cash payments and drilling expenditures [9][12]. - Auranova has already earned a 51% ownership interest by making cash payments of $500,000 and completing qualifying expenditures [12].
Orosur Mining expands exploration footprint at Anzá and El Pantano projects
Yahoo Finance· 2025-10-30 14:45
Core Insights - Orosur Mining has reported significant gold grades from new assays at the Pepas prospect within the Anzá gold project in Colombia, with PEP066 showing 112m at 5.25 grams per tonne of gold from the surface [1] - The company holds full ownership of the exploration titles at the Anzá project, which covers approximately 330km² and includes multiple prospects [2] Exploration and Development - The focus is on expanding exploration at the Pepas prospect, with plans to develop an initial mineral resource estimate (MRE) [3] - Soil geochemistry at El Cedro has indicated high-grade potential, and a second porphyry has been identified for future exploration, with drilling expected to start in early 2026 [3] - APTA has undergone 38,000m of drilling, but further drilling is needed to achieve an MRE, with plans to expedite this process in late 2025 [4] New Projects - A drill rig has arrived at the El Pantano project in Argentina to commence initial drilling, which spans around 550km² in the resource-rich Deseado Massif [5] - Orosur Mining owns a 51% stake in the El Pantano project and has committed to invest $1 million in exploration by February 2025 [6] Strategic Positioning - The CEO of Orosur Mining stated that following a recent capital raising, the company is positioned well to explore and capitalize on the buoyant gold market through a strategy of geological selection and 100% ownership [7]
Kenorland, Auranova launch phase-two drill programme at South Uchi project
Yahoo Finance· 2025-10-08 09:35
Core Viewpoint - Kenorland Minerals has initiated a phase-two diamond drill programme at the South Uchi project in Ontario, Canada, aiming to further explore gold-bearing structures following a successful initial drilling campaign earlier in 2025 [1][4]. Group 1: Drill Programme Details - The phase-two exploration programme, approved by Auranova Resources, will involve up to 6,000 meters of drilling across approximately 13 drill holes in the Papaonga target area [1]. - The current drill programme includes tighter step-outs around hole 25PADD023, which previously intersected mineralised shear zones with visible gold, to better understand the geometry and continuity of mineralisation [2]. - Wider-spaced step-outs are planned along the east-west trending deformation zone between holes 25PADD016 and 25PADD023 to explore potential lateral extensions of gold-bearing structures [3]. Group 2: Objectives and Expectations - The goal of the drilling efforts is to more precisely define the high-grade zone identified at 25PADD023 and to extend exploration into untested areas of the deformation corridor [4]. - Kenorland's CEO expressed excitement about returning to South Uchi after a successful maiden drill programme, which confirmed widespread gold mineralisation across multiple kilometres [4]. - Significant results were noted along the eastern extent of the target area, where drilling intersected a strongly mineralised shear zone, indicating the potential for a robust orogenic gold system [5]. Group 3: Company Background - Kenorland Minerals is focused on project generation and early-stage exploration in North America [6]. - In 2022, the company sold rights and 100% interests in 844 mining claims that constitute the Opinaca Lithium Project in the James Bay region of northern Quebec [6].
AuMEGA Identifies Major New Anomaly at the Cape Ray Project
Newsfile· 2025-10-02 10:00
Core Insights - AuMEGA Metals Ltd has identified a major new electromagnetic anomaly at the Cape Ray Project, which is located along the Cape Ray-Valentine Shear Zone in Newfoundland and Labrador, Canada [2][4][10] - The recent Airborne Time Domain Electromagnetic survey successfully confirmed known mineralization and uncovered several new conductive zones that may indicate previously unrecognized mineralized trends [3][8][9] Summary by Sections New Anomaly Identification - A significant new anomaly was located 500 meters southeast of the Central Zone deposits, which has never been drilled despite a historical sample showing 111.5 g/t gold collected nearby [5][13] - The anomaly is classified as a high-priority drill target, with potential to represent a new trend of gold mineralization comparable to existing deposits [14][11] Survey Results - The EM survey covered 930 line-kilometers and detected conductive zones associated with gold mineralization, including graphite and sulfide-rich areas [8][9] - The Central Zone deposits exhibit strong conductivity values that align with gold-bearing host rocks, indicating a robust mineralized system [5][9] Future Plans - A fully funded drilling program is scheduled for the fourth quarter of 2025 to test the new anomaly [5][15] - The company is also conducting a till geochemical survey and geological mapping to support further exploration efforts [15][22] Resource Overview - The Cape Ray Project currently hosts 420,000 ounces of gold in Indicated Resources and 141,000 ounces in Inferred Resources, based on a gold price of US$1,750 per ounce [7][30] - The project is part of a larger land package along the Cape Ray Shear Zone, recognized as Newfoundland's largest identified gold structure [28][30] Additional Anomalies - The EM survey identified multiple additional conductive zones across Cape Ray, which share geophysical and geological characteristics with existing deposits [17][19] - Key anomalies include those at Cape Ray West and other underexplored areas, indicating a growing pipeline of untested targets [21][22]
Drilling at Amadee Prospect Confirms Shallow Gold Mineralisation
Newsfile· 2025-08-12 22:02
Core Viewpoint - Bullion Gold Resources and Olympio Metals Limited have confirmed a significant gold mineralisation zone at the Amadee Prospect, indicating potential for further exploration and development in the region [1][4][7]. Summary by Sections Drilling Results - The first phase of drilling at the Amadee Prospect has identified a broad zone of gold mineralisation exceeding 40 meters over a strike length of more than 200 meters [1]. - Drilling results include multiple near-surface intercepts, with the best result being 4.50 meters at 3.29 g/t Au, which includes 0.50 meters at 24.5 g/t Au [7][8]. - All eight holes drilled at Amadee encountered mineralisation, confirming the presence of a wide near-surface mineralised zone [5][7]. Geological Context - The mineralisation at Amadee is believed to be part of the same extensive gold mineralised structure as the nearby high-grade Paquin Prospect, which has shown grades up to 54 g/t Au [1][4]. - Historical Very Low Frequency Electro-Magnetic (VLF EM) survey data supports the structural continuity between the Amadee and Paquin prospects, indicating potential for further gold targets [9][10]. Future Plans - Further drilling is planned to extend the mineralised zone at Amadee both east and west towards Paquin, with ongoing exploration efforts to test the connection between the two prospects [5][11]. - The shallow nature of the gold mineralisation suggests suitability for open-pit mining development, leveraging underutilised processing facilities in the area [5][7]. Financial and Partnership Details - Olympio Metals has an option to earn an 80% interest in the Bousquet Project from Bullion Gold Resources through an investment of $2 million in exploration and a payment of $1.25 million in cash and shares over the coming years [2].
G2 Drills 76m @ 1.5 g/t Au and 3m @ 12.5 g/t Au in Scout Drilling at Peters Mine, Guyana
Globenewswire· 2025-05-13 11:00
Core Insights - G2 Goldfields Inc. announced significant diamond drilling results indicating substantial near-surface gold mineralization at the Peters Mine Property in Guyana [1][2][11] - The Peters Mine Property is part of a larger portfolio in the Oko-Aremu-Peters Mine district, located approximately 35 km from the flagship OKO property, which has substantial mineral resources [2][20] Historical Context - The Peters Mine was discovered in 1902 and began operations in 1905, producing 41,915 ounces of gold primarily from shallow underground workings [5] - Historical exploration efforts include airborne geophysical work in the 1960s and various drilling programs by different companies from 1965 to 2003 [5][13] Geological Overview - Gold mineralization at the Peters Mine is associated with quartz veins and stockworks within steeply plunging fold structures, with five documented gold target areas along the Mango Trend Deformation Zone [6][11] - The property has seen less than 20,000 meters of drilling historically, indicating significant unexplored potential [6] Recent Drilling Results - The recent drilling program aimed to gather geological and structural information, with notable results including: - Hole PDD1: 76 meters at 1.5 g/t Au, with a high-grade interval of 16.5 meters at 5.0 g/t Au [8][11] - Hole PDD5: 3 meters at 12.5 g/t Au from 147 meters downhole [15] - Overall, the results demonstrate considerable potential for further exploration in the Peters Mine district [11][15] Future Plans - G2 Goldfields is planning a significant drill program for the Peters Mine district to further explore the identified gold targets [15][18]