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Inventus Secures $1.47 Million Gold Pre-Payment from 007 North Bulk Sample at the Pardo Gold Project
Globenewswire· 2025-09-02 11:00
Core Viewpoint - Inventus Mining Corp. has received a pre-payment of CAD 1.47 million from McEwen Inc. for a portion of estimated recoverable gold from its 007 North bulk sample at the Pardo Gold Project, indicating strong validation of the project's gold content and progress towards a scalable mining operation [1][5][7]. Bulk Sample Update - The Trench 1 bulk sample has approximately 10,000 tonnes identified and is currently 90% extracted, with 3,812 tonnes (38% complete) already hauled to McEwen Inc.'s Stock Mill for processing [3][7]. - Results from the bulk sample are expected in November, with updates to be provided as they become available [3]. Drilling Update - The company anticipates releasing results from further grade-control drilling at the Trench 1 North and South bulk sample sites, along with four Phase 2 resource drill holes [4]. - Plans for additional Phase 2 resource drilling are underway, aimed at extending gold mineralization and progressing towards a maiden resource estimate for the project [4]. Financial Details - The pre-payment of CAD 1,466,249 represents a portion of the estimated recoverable gold from the 4,816-tonne 007 North Bulk Sample, which is expected to be processed shortly [7]. - The grade-control drilling across 30 holes at the site returned a weighted average of 4.10 grams per tonne (gpt) gold over 1.78 meters within 6 meters of the surface [7]. Company Overview - Inventus Mining Corp. is focused on mineral exploration and development in the Sudbury mining district of Ontario, holding a 100% interest in the Pardo Paleoplacer Gold Project and the Sudbury 2.0 Critical Mineral Project [6]. - The Pardo Gold Project is noted as the first significant paleoplacer gold discovery in North America, with approximately 205 million common shares outstanding [6].
SILVER ONE COMMISSIONS GROUND GEOPHYSICAL SURVEY ON ITS PHOENIX SILVER PROJECT, ARIZONA
Prnewswire· 2025-07-14 05:01
Core Viewpoint - Silver One Resources Inc. has engaged Zonge International, Inc. to conduct a ground geophysical Induced Polarization (IP) and Magnetotelluric (MT) survey on its Phoenix Silver project in Arizona, aiming to detect underground metallic minerals and structures indicative of mineralization [1] Survey Details - The planned survey will cover 50-line kilometers of ground IP and MT over identified copper targets, which have not been drill tested before [4] - The IP survey will target vertical depths of 600 meters, while the MT survey will reach depths of 1,500 meters, assisting in defining and prioritizing targets for future drilling [5] Project Significance - The copper targets are located along the northeastern portion of the Miami-Inspiration copper belt, which is known for significant deposits, including Rio Tinto-BHP's Resolution deposit and BHP's Ocelot discovery [4] - Previous magnetic and ZTEM surveys, along with high-grade copper and silver samples, suggest the presence of a copper-silver system at depth in the southern part of the property [1] Silver Exploration Plans - The company plans to evaluate silver targets, particularly in the 417 area, and conduct a detailed gravity survey to locate massive silver bodies [6] - Additional work in the Nuggets North area will include mapping, sampling, and trenching, pending Forest Service permitting [6] Candelaria Project Update - Work at the Candelaria project is on schedule, focusing on metallurgical investigations to optimize silver and gold recoveries, with a Preliminary Economic Assessment (PEA) expected by year-end [7] Company Overview - Silver One is focused on exploring and developing quality silver projects, holding a 100% interest in the Candelaria Mine in Nevada, which offers potential for near-term production through reprocessing historic leach pads [9] - The company also owns multiple claims in the Cherokee project, which hosts silver-copper-gold vein systems, and the Silver Phoenix Project, a high-grade native silver prospect in Arizona [10]
First of Two Drill Rigs Arrives at the Mercur Gold Project
Globenewswire· 2025-07-09 21:00
Core Insights - Revival Gold Inc. has commenced its 2025 drilling program at the Mercur Gold Project in Utah, which includes 3,000 meters of core drilling and 10,000 meters of RC drilling aimed at upgrading and potentially expanding the Project's Mineral Resources [2][4] - The first core drilling rig has arrived on site, with plans to complete drilling over the next three to four months, focusing on gold and multi-element geochemistry analysis [3] - A second RC drill rig is expected to arrive later this month, with plans for 60-75 drill holes to support a Preliminary Feasibility Study in 2026 [4] Drilling Program Details - The core drilling will collect samples for metallurgical testing and geotechnical property analysis, with the goal of augmenting existing metallurgical test data [3] - The RC drilling will target historical waste rock fill material, which may contain recoverable gold, contrary to its current classification as waste in the Preliminary Economic Assessment [4] - Recent drilling data has indicated potential gold values in previously assumed waste rock, highlighting it as a potential value catalyst for the Mercur Project [4] Company Outlook - The President & CEO of Revival Gold anticipates a productive field season in 2025, with two drilling rigs secured for Mercur and a third planned for the Beartrack-Arnett project later this year [5] - The company has extended its marketing services agreement with Resource Stock Digest, committing to pay US$100,000 per quarter for marketing and advertising services [6] - Revival Gold is advancing the development of the Mercur Gold Project and preparing for mine permitting at the Beartrack-Arnett Gold Project in Idaho [8]
GFG Receives C$200,000 Grant from the Ontario Junior Exploration Program
Globenewswire· 2025-07-09 10:30
Core Points - GFG Resources Inc. has been awarded C$200,000 in funding from the Ontario Junior Exploration Program to support its exploration activities in the Timmins Gold District [2][3] - The funding will be used for eligible exploration expenditures, including drilling, geophysical surveys, and base-of-till sampling [2] - The Ontario government emphasizes the importance of a thriving exploration industry for mineral development and economic growth [3] Company Overview - GFG Resources Inc. is a publicly traded precious metals exploration company focused on district-scale gold projects in tier one mining jurisdictions [4] - The company operates three gold projects covering over 800 square kilometers in the Timmins Gold District, which has produced over 70 million ounces of gold [4]