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T2 Metals Gains Regulatory Approval for Acquisition of Shanghai Gold-Silver Project, Yukon
Newsfile· 2025-10-16 12:00
Core Insights - T2 Metals Corp has received all regulatory approvals and completed the acquisition of a 100% interest in the Shanghai gold-silver project located in the Yukon, covering an area of 27.4 square kilometers [1][11] - The project is strategically located near significant mining operations, including Hecla Mining's Keno Hill silver mine and Banyan Gold's AurMac camp, enhancing its potential for exploration and resource development [3][11] Financial Summary - A total of 300,000 shares were issued as part of the acquisition, along with cash payments amounting to $50,000, with shares subject to a four-month hold period from October 10, 2025 [2] Project Overview - The Shanghai project is situated in the Mayo Mining District, within the Tombstone Gold Belt, and is in proximity to multiple resource-stage gold projects, indicating a favorable geological environment for gold and silver mining [3][4] - Recent exploration activities in the Tombstone Gold Belt by other companies have underscored the potential for significant new gold discoveries, which could enhance the value of the Shanghai project [4] Management Insights - Mark Saxon, CEO of T2 Metals, expressed enthusiasm about securing the Shanghai project, highlighting the region's recent discoveries and the strengthening mining market [5] - Shawn Ryan, a notable figure in Yukon exploration, has joined the advisory board, bringing valuable experience from his previous discoveries in the area [5] Regulatory and Operational Details - The Shanghai project has a Class 3 permit that allows for drilling, road construction, and camp installation, facilitating immediate exploration activities [6] - The project is located within the traditional territory of the Na-cho Nyak Dun First Nation, which has settled its land claim and is self-governing [6]
Arizona Gold & Silver Intersects Deep, High-Grade Mineralization at Philadelphia Project: 9.04 gpt Gold & 34 gpt Silver over 20.43 Metres from 320.73 Metres
Thenewswire· 2025-09-17 14:25
Core Insights - Arizona Gold & Silver Inc. announced positive assay results from the ongoing core drilling program at the Philadelphia Project in Arizona, with hole PC25-156 returning 9.04 grams per tonne (gpt) gold and 34 gpt silver over 20.43 meters [1][4] - The results confirm the untapped potential of the Perry Vein system, indicating that mineralization increases in size and grade with depth [3][4] - The company plans to expand its exploration program for 2026, including an amendment to increase the exploration area by 200 acres and prepare 16 new drill pads [4][14] Drilling Results - Hole PC25-156 intersected high-grade mineralization, with notable intervals including 5.61 gpt Au and 29.2 gpt Ag over 38.72 meters, and 45.60 gpt Au and 54.9 gpt Ag over 1.19 meters [4][5] - The mineralization is hosted in brecciated, banded, and massive vein quartz, with visible gold observed in the core [3][4][6] - The deposit is open in all directions, suggesting further exploration potential [4] Future Plans - The company has arranged for a core rig to arrive in October to drill three additional holes, with results expected to inform the 2026 drill program [14] - The proposed drill sites will allow for drilling down dip and along strike on the Perry Vein, potentially extending exploration by at least another 500 meters [14] - Continued exploration drilling is planned, with three additional holes to test further expansion of the vein [4]
Element79 Gold Engages Rangefront Mining Services to Prepare NI 43-101 Technical Report on Gold Mountain Project; Site Visit Completed
Thenewswire· 2025-08-06 13:00
Core Insights - Element79 Gold Corp has engaged Rangefront Mining Services to prepare a National Instrument 43-101 Technical Report for its Gold Mountain Project in Nevada [1][10] - The site visit conducted by Rangefront's Principal Geologist, Mr. Steven L. McMillin, included inspections of historic adits, surface sampling zones, and geological structures [2] - The Gold Mountain Project consists of 34 unpatented lode claims covering approximately 702 acres, located 13 kilometers southwest of Battle Mountain, Nevada [9][13] Engagement and Site Visit - Rangefront Mining Services will validate data integrity and support the development of the NI 43-101 Property of Merit report [2] - The site visit included comprehensive fieldwork to assess the geological potential of the Gold Mountain property [2][3] - Photos from the site visit highlight key geological features that demonstrate the property's potential [3] Project Details - The Gold Mountain Project was acquired by Element79 Gold Corp on August 1, 2025, and is situated in an area known for high-grade gold-silver mineralization [9][13] - The company aims to compile and digitize historical exploration data alongside 2023 surface sampling results as part of ongoing technical work [9] - The completed NI 43-101 Technical Report is expected to be filed during Q3 2025 [10] Company Overview - Element79 Gold Corp focuses on gold and silver exploration, with assets in Nevada and Peru [13] - The company is advancing its Elephant project in the Battle Mountain trend and has acquired the drill-ready Gold Mountain project [13] - Element79 Gold is listed on the Canadian Securities Exchange, Frankfurt Stock Exchange, and OTC QB market [13]
Element79 Gold Corp Announces Execution of Definitive Agreement to Acquire Gold Mountain Project in Nevada
Thenewswire· 2025-08-01 13:00
Core Viewpoint - Element79 Gold Corp. has executed a definitive Asset Purchase Agreement to acquire a 100% interest in the Gold Mountain Project located in Lander County, Nevada, marking a strategic advancement in its operations in a prolific gold region [1][5]. Acquisition Details - The Gold Mountain Project consists of 34 unpatented mining claims in Nevada's Battle Mountain trend [2]. - Element79 Gold will acquire the Gold Mountain assets by issuing 100,000,000 common shares at a deemed price of C$0.02 per share and making a cash payment of US$137,485.85 after the next equity financing [2]. - The Vendor will retain a 3% Net Smelter Return (NSR) royalty on all future mineral production from the project [3]. Strategic Importance - The acquisition is seen as a significant step for the company, providing a drill-ready opportunity with strong geological fundamentals [5]. - The technical team is preparing an exploration program for later this year to unlock the asset's value [5]. Company Overview - Element79 Gold Corp. focuses on gold and silver exploration, with assets in Nevada and Peru [5]. - The company is advancing its Elephant project in the Battle Mountain trend and holds an option to purchase the high-grade Lucero mine in southern Peru [5]. - Element79 Gold is listed on the Canadian Securities Exchange, Frankfurt Stock Exchange, and OTC Markets [5].