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PTX Metals Inc. Defines Priority Drill Targets at Shining Tree Gold Project Following New Geophysical and Structural Analysis
TMX Newsfile· 2026-03-30 13:07
Core Insights - PTX Metals Inc. has reported significant advancements in understanding the geological controls on gold mineralization at its Shining Tree Gold Project, leading to the identification of multiple priority exploration targets, including a drill-ready target at the Ronda Strip [1][6][19] Exploration Targets - Five priority exploration targets have been identified, with the Ronda target being drill-ready, which is part of a folded gold-mineralized horizon extending several kilometers [4][8] - The Northwestern and Western targets are earlier-stage opportunities that require additional surface work, with historic sampling from the Northgate No. 3 Zone returning values up to 8.23 g/t gold and 20 g/t silver [5][8] Geological Studies - The recent high-resolution magnetic survey has revealed previously unrecognized structures related to the Ridout-Tyrell Deformation Zone (RTDZ), which hosts significant regional deposits [2][9] - Structural interpretation work has refined the geological model, highlighting prospective zones associated with the RTDZ, enhancing confidence in drill targeting [3][15] Upcoming Plans - PTX plans to advance drilling at the Ronda Target while continuing surface exploration across other priority areas identified by the survey results [19][22] - Specific details regarding the diamond drilling program and timing will be provided separately, with ongoing work aimed at refining drill targeting and understanding the Shining Tree gold system [19][22]
Drilling intersects 92.6 metres (m) of 0.95 g/t gold
Globenewswire· 2026-03-30 11:30
Core Insights - McFarlane Lake Mining Limited has reported further positive results from its diamond drilling exploration at the Juby Gold Project, indicating expanded gold mineralization at the Golden Lake deposit [1][3][4] Exploration Results - Recent drilling at the Golden Lake deposit has yielded significant intercepts, including 23.9 meters of 1.72 g/t gold, 7.15 meters of 3.46 g/t gold, and 16 meters of 0.07 g/t gold [1][7] - Drill hole GL 76-72 intercepted 0.95 g/t gold over 92.6 meters, which includes the previously mentioned significant intercepts [7] - The drilling program has so far completed approximately 5,000 meters out of an original plan of 13,000 meters, with plans to increase drilling by an additional 1,000 to 1,500 meters at Golden Lake [4][7] Project Development - A second diamond drill arrived on site on March 9, 2026, and is currently drilling hole GL 76-75, with plans to transfer one drill to the Juby deposit for an additional 4,000 to 5,000 meters of drilling [4] - The exploration program is being conducted in partnership with two of the three First Nation communities that have territorial rights on the property, which include Matachewan First Nation, Temagami First Nation, and Atikameksheng Anishnawbek First Nation [5] Mineral Resource Estimate - The Juby Gold Project currently hosts a NI 43-101 compliant Mineral Resource Estimate of 1.01 million ounces of gold in the Indicated category at an average grade of 0.98 g/t gold, and an additional 3.17 million ounces in the Inferred category at an average grade of 0.89 g/t gold [16][17] - A sensitivity analysis at a higher gold price of US$3,750 per ounce indicates an increase in the Indicated Mineral Resource to 1.20 million ounces grading 0.94 g/t gold [17] Company Overview - McFarlane Lake Mining Limited is focused on advancing its flagship Juby Gold Project located in the Abitibi Greenstone Belt, along with a portfolio of other gold assets across Ontario [16][19]
Cartier Discovers New Porphyritic Intrusion-Related Gold System in Pontiac Sediments with 5.2 g/t Au over 5.0 m and 1.2 g/t Au over 25.5 m at Hope Target (Cadillac); Large Scale Gold Mineralization Exploration Potential
Globenewswire· 2026-03-25 12:00
Core Insights - Cartier Resources Inc. has announced significant results from its drilling program at the Cadillac Project, indicating the discovery of a new style of gold mineralization related to porphyritic intrusions within the Pontiac sedimentary Group, which is largely underexplored [1][4][6] Strategic Highlights from Hope Sector - The Hope Sector has confirmed a new porphyry gold system, with drill holes CA26-327, CA26-330, CA26-331, and CA26-332 showing promising gold grades, including 5.2 g/t Au over 5.0 m and 1.2 g/t Au over 25.5 m [5][7][19] - The presence of two porphyritic felsic intrusions (Porphyry 1 and 2) suggests a significant exploration opportunity, with the mineralization extending over a minimum of 750 m in strike length and 250 m in depth [5][11] Next Steps - The company plans to revise its 2026 drilling strategy to focus on the newly identified porphyry systems and will conduct additional exploration drilling to test high-priority geophysical targets, including a 1,500 m chargeability anomaly and a 750 m magnetic anomaly [4][11][12] Geological Potential - The Hope Sector represents a fourth distinct style of gold mineralization at the Cadillac Project, expanding its geological potential beyond previously recognized systems [6][11] - The geological setting is comparable to the Canadian Malartic Camp, indicating a favorable environment for large-scale gold mineralization [1][4] Exploration Program - Cartier is undertaking a 100,000 m drilling program from Q3 2025 to Q2 2027, aiming to expand known gold zones and explore new high-potential targets along the Cadillac Fault Zone [13][15] - The company is also conducting environmental baseline studies and metallurgical sampling to assess the economic potential of the Chimo mine tailings and optimize project development [16][17] Resource Estimates - The Cadillac Project currently has a total gold resource of 767,800 ounces in the measured and indicated category and 2,416,900 ounces in the inferred category, highlighting its significant potential for gold production [27]
Miata Intersects 96 m of 1.41 g/t gold in Near-Surface Gold System at Big Berg, Delivering Best Intercept to Date at the Sela Creek Gold Project, Suriname
Globenewswire· 2026-03-24 12:00
Core Insights - Miata Metals Corp. has announced significant drill results from its Sela Creek Gold Project, particularly from the Big Berg target, indicating a robust gold mineralization system [1][2][4] Drill Results - The drilling at Big Berg has yielded the strongest intercepts to date, with notable results including: - 67.5 m at 1.13 g/t Au from surface - 96 m at 1.41 g/t Au from 96 m - High-grade zones such as 18.1 m at 2.95 g/t Au and 7.7 m at 5.79 g/t Au [3][6] - Additional drill holes confirmed continuity of gold mineralization, with results including: - 7 m at 3.75 g/t Au from 96 m in DDH-BB-001 - 25 m at 0.90 g/t Au from 69 m in DDH-BB-002 - 7.25 m at 2.79 g/t Au from 90.75 m in DDH-BB-004 [3][4] Geological Context - Big Berg is located approximately 1 km southeast of Jons Trend, within the same structural corridor, suggesting a potential link between the two mineralized zones [2][5][15] - The mineralization at Big Berg is characterized by broad zones of gold mineralization with local high-grade intervals, indicating a robust and extensive system [5][21] Future Exploration Plans - The company is continuing drilling at Big Berg to further define the scale and continuity of mineralization, with plans to expand discovery drilling across multiple high-priority targets [18][22] - Both Big Berg and Jons Trend remain open along strike and at depth, highlighting significant potential for further exploration and resource definition [17][18]
Dynasty Gold Reports Additional 2025 Drill Results at Thundercloud
TMX Newsfile· 2026-03-18 13:00
Core Insights - Dynasty Gold Corp. has reported positive results from its 2025 drill campaign at the Thundercloud project, indicating significant gold mineralization [1][2][3] Drill Results - Hole TC25-06 intersected 15.5 meters of gold mineralization at 1.04 g/t, with higher-grade intervals reaching up to 4.50 g/t [1][5] - Hole TC25-05, located 150 meters south of the Pelham Zone, showed an average of 0.785 g/t over 52 meters, confirming the presence of mineralization [2][5] - The 2025 drill program has successfully extended the Pelham Zone mineralization by 150 meters to both the north and south, and additional near-surface mineralization was discovered 1.5 kilometers from the Pelham Resource [2][3] Future Plans - The company plans to continue drilling in 2026 to test both north and south IP anomalies along a 2.6 km mineralized corridor and further explore the 2 km east-west Pelham Zone [3][9] Technical Information - Core recovery from the drilling was nearly 100%, and the technical data has been reviewed by a qualified person [5][8] - Samples were sent to Actlab for gold assays and multi-element analyses, with quality control measures in place [7]
Altamira Gold Intersects High Grade Gold Mineralization in the First Drill Hole at the Guillermo Target and Extends Maria Bonita Mineralization at Depth, Cajueiro District, Brazil
TMX Newsfile· 2026-03-18 11:30
Vancouver, British Columbia--(Newsfile Corp. - March 18, 2026) - Altamira Gold Corp. (TSXV: ALTA) (FSE: T6UP) (OTCQB: EQTRF), ("Altamira" or the "Company") is pleased to report assay results from initial diamond drilling at the Guillermo target and to provide an update on ongoing exploration activities at the Maria Bonita mineral resource within its Cajueiro District, Brazil.Highlights:Initial scout drilling at the Guillermo target intersected 7 metres @ 4.2g/t gold from 111m in drill hole GLO-01, includin ...
Legacy Gold's Final Assays from Baner Drilling Extend Hole #04 to 187.5m (615ft) at 0.55 g/t Gold; Step Out Hole #06 Now Widened to 64m (210ft) at 0.57 g/t Gold, Extending Zone 136m North
TMX Newsfile· 2026-03-17 11:20
Core Insights - Legacy Gold Mines Ltd. has reported final assays from the 2025 surface exploration program on the Baner Gold Mine Property, indicating an expansion of gold mineralization in previously reported holes [1][2] - The drilling results have shown thicker zones of gold mineralization than expected, with significant intersections reported [2][3] Exploration Results - The drilling program has returned notable gold intersections, including 0.55 g/t Au over 187.5m (615ft), 0.52 g/t Au over 108.2m (355ft), and 0.57 g/t Au over 64.0m (210ft) [2][3] - The deposit remains open in all directions, with plans for further drilling in 2026 to build on these results [2][3] Exploration Target - The initial exploration target for the Property is estimated at approximately 50.3 million to 55.3 million tonnes, with average grades ranging from 0.72 g/t Au to 0.91 g/t Au [3][6] - This target is conceptual and does not represent a mineral resource estimate, as further exploration is needed to define a mineral resource [3][6] Drilling and Sampling Details - A total of 46 drill holes were completed, totaling 10,459m drilled over 2.3 kilometers of strike [7][8] - The gold grade range of the exploration target was calculated from 114 intersections above a 0.2 g/t cut-off, with a minimum width of 5m used [8][9] Metallurgical Testing - Initial metallurgical cyanide leach testing yielded recoveries between 87.1% and 93.2% [10] Future Plans - The Company intends to conduct additional drilling and technical studies to evaluate the potential for a future mineral resource estimate [11]
Cabral Gold Drills 9.5m @ 87.4 g/t Gold at Jerimum Cima Target, Cuiú Cuiú Gold District, Brazil
TMX Newsfile· 2026-03-12 10:30
Core Viewpoint - Cabral Gold Inc. has reported significant high-grade gold drill results from the Jerimum Cima target in the Cuiú Cuiú Gold District, Brazil, indicating a potentially important discovery that is not currently included in the existing resource base [3][11]. Group 1: Drill Results - The latest drill hole DDH372 returned 9.5m at 87.4 g/t gold, including 2.9m at 285.5 g/t gold, marking unprecedented high-grade results for the company [3][11]. - Previous drill hole CC-26 returned 45.6m at 4.47 g/t gold, and other holes have shown consistent high-grade results, suggesting a significant mineralized zone [5][10]. - Drill hole DDH369, located 500m east of DDH372, intersected 6.1m at 0.55 g/t gold and 13.9m at 0.73 g/t gold, indicating that gold mineralization remains open to the east and at depth [12][11]. Group 2: Geological Insights - The high-grade zone at Jerimum Cima appears to be localized at the intersection of E-W and NW-SE trending structures, surrounded by lower grade stockwork mineralization [4][13]. - The broader mineralized envelope is up to 200m wide and extends at least 750m E-W, with further drilling planned to define the size of both the near-surface gold-in-oxide zone and the underlying primary mineralization [4][13]. - A strong gold-in-soil anomaly of over 100 ppb covers an area of 900m x 1000m, comparable to other significant gold deposits in the region [6][11]. Group 3: Future Plans - The company plans to continue drilling to the east and north-northeast to determine the overall extent of the mineralization at the Jerimum Cima target [6][11]. - Additional drill results from two more diamond drill holes are pending, which will further clarify the size and potential of the mineralized system [11][12]. Group 4: Company Overview - Cabral Gold Inc. is focused on the exploration and development of gold properties in Brazil, holding a 100% interest in the Cuiú Cuiú gold district, which has defined resources of 12.29Mt at 1.14 g/t gold and 13.56Mt at 0.50 g/t gold [17][18]. - The Cuiú Cuiú project is situated in the Tapajós Region, known for its historical gold production, making it a significant area for gold exploration [18].
Spanish Mountain Gold Drilling Intersects 116.80 Metres of 1.20 G/T Gold Within Larger Interval of 282.50 Metres Grading 0.70 G/T Gold
Businesswire· 2026-03-10 11:30
Core Insights - Spanish Mountain Gold Ltd. has reported significant assay results from its ongoing exploration drilling at the Orca Fault target trend, indicating the presence of higher-grade gold mineralization [1][2][3] - The company has exceeded its initial drilling estimate of 9,000 to 10,000 meters, completing approximately 15,034 meters as part of its 2025 Fall Diamond Drill Program, which will continue into 2026 [1][2] - The results from five drill holes confirm the continuity of higher-grade gold mineralization over a strike length of 530 meters, with multiple parallel drill sections showing promising results [1][2][3] Exploration Results - Drill hole 26-DH-1334 intersected a broad interval of 298.00 meters grading 0.31 g/t gold, with higher-grade subintervals including 23.00 meters of 0.72 g/t gold and 19.00 meters of 1.19 g/t gold [1][2] - Drill hole 26-DH-1336 reported a wide intercept of 200.20 meters grading 0.53 g/t gold, including a high-grade subset of 9.00 meters at 1.93 g/t gold [1][2] - Drill hole 26-DH-1337 showed one of the thickest higher-grade intercepts, with 116.80 meters grading 1.20 g/t gold and a high-grade subset of 12.20 meters at 2.46 g/t gold [1][2] Geological Insights - The exploration drilling has reinforced the geological and structural interpretation of the Orca Fault target area, indicating potential for further mineralization in adjacent areas [1][2] - The continuity of higher-grade gold mineralization can now be traced across multiple drill sections, enhancing the understanding of the Orca Fault target [1][2][3] Future Plans - The company aims to advance the Spanish Mountain Gold Project towards a construction decision by 2027, focusing on building a sustainable and environmentally friendly gold mine [3][4] - Ongoing trade-off studies and partnerships, such as the Memorandum of Understanding with Metso Canada Inc., are part of the strategy to move closer to feasibility and permitting [4]
Canadian Gold Resources Announces 19.5 g/t Gold Over 1.0 Metre in First Hole from Maiden Lac Arsenault Drill Program
TMX Newsfile· 2026-03-03 22:05
Core Viewpoint - Canadian Gold Resources Ltd. has announced initial assay results from its diamond drill program at the Lac Arsenault Project, confirming high-grade gold mineralization within the Baker Vein system [1][5]. Drill Hole Details - The drilling is focused on testing mineralization beneath the planned bulk sample area of the Baker and Mersereau veins [2]. Program Objectives - The drill campaign aims to confirm historic drilling results, demonstrate vertical continuity of gold mineralization, test for down-dip extensions of known high-grade zones, improve vein geometry definition, and support resource development [3]. Drilling Methodology - The Baker Vein is being drilled using a fan pattern with three holes per setup at varying dips, with five setups completed to date [4]. This systematic approach is intended to evaluate vertical grade continuity and refine structural interpretation [4]. Management Commentary - The President and CEO of Canadian Gold Resources expressed optimism about the initial results, which confirm high-grade gold mineralization and support the objective of demonstrating vertical continuity beneath historic workings [5]. Sampling and Analytical Methods - Drilling was conducted using HQ-sized diamond core, with samples transported to Activation Laboratories Ltd. for analysis. The company employs a quality assurance and quality control program to ensure analytical accuracy [6]. Project Overview - The Lac Arsenault Property is located in Québec's Gaspé region and is interpreted to share geological characteristics with other prolific gold-bearing systems. The property hosts several high-grade vein systems and covers over 3,600 hectares, strategically located near infrastructure [7]. Historical Resource Estimates - Historical estimates of mineral resources predate NI 43-101 and require further verification. The company considers these estimates relevant as they indicate significant gold and silver mineralization at shallow depths [8][10]. Future Plans - To comply with current standards, Canadian Gold plans to conduct systematic drilling to confirm grades and geometry, build a validated geological model, and commission an independent NI 43-101 compliant resource estimate [12][23].