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North Peak Commences Drilling at Prospect Mountain Gold Property
Newsfile· 2025-10-15 11:01
Calgary, Alberta--(Newsfile Corp. - October 15, 2025) - North Peak Resources Ltd. (TSXV: NPR) (OTCQB: NPRLF) (the "Company" or "North Peak") announces that it has begun its Autumn drilling campaign at its Prospect Mountain Mine complex (the "Property"). The Property lies in the heart of the Eureka, Nevada mining camp along the famous Battle Mountain/Eureka gold trend. The Eureka camp has produced more than 3.1 Moz's in gold to date.1 Historical mines and current mineral deposits in the area are located at ...
Lake Victoria Gold Announces Imwelo Area C Drilling Underway: 4,000 m to Finalize Pit Design & Grow Ounces
Newsfile· 2025-10-09 07:00
Lake Victoria Gold Announces Imwelo Area C Drilling Underway: 4,000 m to Finalize Pit Design & Grow OuncesOctober 09, 2025 3:00 AM EDT | Source: Lake Victoria Gold Ltd.Vancouver, British Columbia--(Newsfile Corp. - October 9, 2025) - Lake Victoria Gold Ltd. (TSXV: LVG) (OTCQB: LVGLF) (FSE: E1K) ("LVG" or the "Company") is pleased to announce that drilling is underway on a 4,000-metre, multi-purpose program at the fully permitted Imwelo Gold Project in northwestern Tanzania. The first of approx ...
Cabral Gold (OTCPK:CBGZ.F) 2025 Conference Transcript
2025-10-08 15:42
Summary of Cabral Gold Conference Call Company Overview - **Company**: Cabral Gold Inc. (OTCPK:CBGZ.F) - **Industry**: Junior mining, specifically gold mining - **Location**: Brazil, specifically southeastern Pará State - **Market Cap**: Approximately $120 million with 273 million shares issued [6][6] Key Points and Arguments - **Gold Project**: Cabral Gold has a gold deposit of 1.2 million ounces, with potential to grow to 5 to 10 million ounces based on geological assessments [4][25] - **Historical Context**: The Tapajós region is known for the largest gold rush in history during the 1980s, with significant placer gold recovery [7][7] - **Development Strategy**: The company plans a two-stage development strategy, starting with mining saprolite material, which is expected to generate approximately $75 million annually at current gold prices [5][17] - **Drilling and Discoveries**: In the last three years, four new gold discoveries have been made, with ongoing drilling expected to yield significant results [10][27] - **High-Grade Results**: Recent drilling results include 11 meters at 33 grams per ton and 12 meters at 27 grams per ton, indicating high-grade gold deposits [10][14] - **Resource Update**: A resource update is anticipated within the next 12 months, with an additional 20,000 meters of drilling planned [27][27] Financial Aspects - **Funding Needs**: The initial capital cost for the starter operation is estimated at $37 million, with a construction decision expected soon [22][22] - **Profitability Metrics**: The internal rate of return (IRR) is projected at 78% at a gold price of $2,500 and 151% at $3,500, with an all-in sustaining cost of $1,200 per ounce [20][20] Management and Investment - **Management Commitment**: The CEO has invested $2 million of personal funds into the company, highlighting management's commitment to the project [6][28] - **Market Position**: The company is positioned next to G Mining Ventures, which operates Brazil's third-largest gold mine, providing a strategic advantage [8][29] Additional Insights - **Exploration Potential**: There are 50 other targets identified within the district, indicating a rich exploration potential beyond the current deposits [15][15] - **Community and Environmental Considerations**: The company does not foresee significant risks from small-scale miners due to the location of their deposits on hilltops [24][24] Conclusion Cabral Gold Inc. presents a compelling investment opportunity in the gold mining sector, with significant growth potential, strong management commitment, and a strategic location adjacent to established gold operations. The upcoming resource update and financing efforts are key catalysts to watch in the next 12 months [26][26]
Building the Starter Pit: Lake Victoria Gold Mobilizes Drill Rig at Imwelo's Area C
Newsfile· 2025-10-01 10:00
Vancouver, British Columbia--(Newsfile Corp. - October 1, 2025) - Lake Victoria Gold Ltd. (TSXV: LVG) (OTCQB: LVGLF) (FSE: E1K) ("LVG" or the "Company") is pleased to announce the commencement of a 4,000-metre, multi-purpose drilling campaign at the Area C zone of its fully permitted Imwelo Gold Project in northwestern Tanzania. The program is designed to support short-term production readiness, resource expansion and conversion, and final pit design optimization. This campaign forms a key component of LVG ...
Blue Jay Gold Corp. Completes Acquisition of the Skukum Gold Project from Tincorp Metals
Globenewswire· 2025-09-30 17:00
~Acquisition adds substantial Yukon gold project to Company’s portfolio~ VANCOUVER, British Columbia, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Blue Jay Gold Corp. (“Blue Jay” or the “Company”) is pleased to announce that it has completed the previously announced acquisition (the “Transaction”) of Tincorp Metals Inc.’s (TSXV: “TIN”; OTCQX: “TINFF”, “Tincorp”) wholly-owned subsidiary, Whitehorse Gold (Yukon) Corp. (“Whitehorse Gold”), effective September 29, 2025. Whitehorse Gold holds a 100% interest in the Skukum ...
Japan Gold Announces the Conclusion of the Barrick Alliance and Reports Ebino Drill Results
Newsfile· 2025-09-29 12:45
Japan Gold Announces the Conclusion of the Barrick Alliance and Reports Ebino Drill ResultsSeptember 29, 2025 8:45 AM EDT | Source: Japan Gold Corp.Vancouver, British Columbia--(Newsfile Corp. - September 29, 2025) - Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) ("Japan Gold" or the "Company") announces that Barrick Mining Corporation ("Barrick") and the Company have mutually agreed to terminate the strategic alliance agreement dated February 23, 2020, as amended (the "Barrick Alliance") in accor ...
Newcore Gold Announces Proceeds of $3.8 Million from Warrant Exercises
Globenewswire· 2025-09-29 10:30
Core Insights - Newcore Gold Ltd. has raised approximately $3.8 million from the exercise of 9,558,578 common share purchase warrants, which expired on September 26, 2025, with an exercise price of $0.40 [1][2] - The company has a cash balance of approximately $10.1 million, which will support a 35,000-metre drill program and development work for the Enchi Gold Project, aiming for a Pre-Feasibility Study in H1 2026 [2][3] - Newcore Gold's leadership is aligned with shareholders, holding approximately 15% equity ownership, and is focused on advancing the Enchi Gold Project located in Ghana [2][3] Financial Overview - The exercise of the warrants has resulted in a total of 262,986,096 common shares issued and outstanding, with additional dilutive securities including 9,475,000 stock options and 20,423,000 common share purchase warrants at an exercise price of $0.50, expiring on February 27, 2026 [2] - If the additional tranche of warrants is fully exercised, it could provide approximately $10.2 million in funding for ongoing drilling and development at the Enchi Gold Project [2] Project Development - The Enchi Gold Project is located in Ghana, which is Africa's largest gold producer, and covers a 248 km land package along the Bibiani Shear Zone, known for hosting several multi-million-ounce gold deposits [3] - The company is currently conducting a drill program that includes exploration drilling to depth and development work to support a Pre-Feasibility Study scheduled for next year [2][3]
Altamira Gold Receives Environmental Permit for Two Trial Mining Licences Within the Central Mineral Resource Area of the Cajueiro District, Brazil
Newsfile· 2025-09-24 12:30
Core Viewpoint - Altamira Gold Corp. has received an Environmental Installation License for trial mining at the Cajueiro Project in Brazil, marking a significant milestone for the company and potentially paving the way for future mining activities [1][2]. Cajueiro Project Overview - The Cajueiro project is located approximately 75 km NW of Alta Floresta in Mato Grosso, Brazil, and is accessible by road, situated on open farmland with grid power and local water supply [3]. - The project is the most advanced among Altamira's key projects in the region [3]. Environmental License Details - The Environmental Installation License (LI No. 3651/2025) is valid for two years until September 22, 2027, covering the northern part of the Central Resource Area [4][13]. - The license allows for the construction of a plant to process up to 100,000 tonnes of material per year across two mineral rights [4][13]. Resource Estimates - The Cajueiro Central area has an open pit resource of 5.66 million tonnes at 1.02 g/t gold, totaling 185,000 ounces in the Indicated Resource category, and 12.66 million tonnes at 1.26 g/t gold, totaling 515,000 ounces in the Inferred Resource category [6]. - The Maria Bonita open-pit resource consists of Indicated Resources of 24.19 million tonnes at 0.46 g/t gold (357,800 ounces) and Inferred Resources of 25.64 million tonnes at 0.44 g/t gold (362,400 ounces) [7]. Potential Benefits of Trial Mining - Trial mining could provide near-term cash flow, generate valuable geological information, and enhance understanding of gold mineralization at the Cajueiro Central deposit [2][4]. - The Baldo and Matrincha targets are identified as potential sources of feed for the trial mining operation [4][13]. Exploration and Development Potential - Ongoing exploration indicates the presence of multiple porphyry gold systems, reinforcing the potential for district-scale development [18]. - The region has a historical record of significant gold production, highlighting its exceptional gold endowment and scalability potential [18].
B2Gold Increases Position in Founders Metals
Newsfile· 2025-08-20 11:30
Core Viewpoint - B2Gold Corp. has completed its obligations under the Shareholder Agreement by purchasing 1,170,000 common shares of Founders Metals Inc., increasing its ownership to approximately 6% of the company's issued and outstanding shares, demonstrating confidence in the Antino Gold Project [1][2]. Company Overview - Founders Metals Inc. is a Canadian exploration company focused on the Antino Gold Project located in Suriname, covering an area of 20,000 hectares and having produced over 500,000 ounces of gold from historical mining [2]. - The company aims to advance one of Suriname's most promising gold exploration opportunities, emphasizing responsible exploration and community engagement [2]. Investment Implications - B2Gold's increased investment is seen as a reinforcement of the belief in the Antino Gold Project as a Tier 1 discovery, which may unlock significant value for shareholders [2].
Trident Resources To Commence 5,000m Diamond Drilling Program on Contact Lake High-Grade Gold Project, Saskatchewan
Globenewswire· 2025-08-14 07:05
Core Viewpoint - Trident Resources Corp. is set to commence its inaugural drill program at the Contact Lake Gold Project in Saskatchewan, with over CAD $11 million in cash and marketable securities to fully fund the initiative, aiming to enhance its exploration portfolio in the La Ronge Gold Belt [1][3]. Company Overview - Trident Resources Corp. is a Canadian public mineral exploration company focused on gold and copper projects in Saskatchewan, including the Contact Lake and Greywacke Lake projects, which have significant historical gold resources [13]. Drill Program Details - The drill program will consist of 5,000 metres across 16 holes, targeting the confirmation and extension of gold mineralization from historically defined resources [4]. - The Contact Lake mine previously operated by Cameco processed 1,006,673 tonnes of ore at a head grade of 6.16 grams per tonne (g/t) Au, recovering 188,185 ounces of gold with a life of mill recovery rate of 95% [4]. - The drilling will focus on extending gold mineralization between the underground development and unmined resources of the BK3 zone, located northeast of the former mine site [6][9]. Historical Context - The Bakos shear zone, which hosts the Contact Lake deposit, has been drill-defined at widths of 15 to 40 metres over a strike length exceeding 2 km, indicating strong discovery potential [6]. - Historical high-grade intercepts from previous drilling include significant results such as 2,616.00 g/t Au over 0.6 metres [11]. Operational Aspects - Cyr Drilling from Winnipeg has been contracted for the drilling operations, with a comprehensive QA/QC program in place to ensure data integrity [7]. - The initial phase of drilling will focus on shallow gold mineralization northeast of the Contact Lake Main Zone, followed by moderate depth targets and down-plunge extensions of gold mineralization [9].