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Mustang Energy Corp. Completes Sampling Program at Surprise Creek Project, Saskatchewan and Provides Update on the Acquisition of the Ford Lake Project
Globenewswire· 2025-08-22 22:57
Core Insights - Mustang Energy Corp. has completed the first phase of field exploration activities on the Surprise Creek Uranium-Copper Project, acquiring an 80% interest through an option agreement with Thunderbird Resources Ltd. [1][2] Exploration Activities - The field program included surface prospecting and detailed rock sampling to refine target areas and outline mineralization [2] - Surface samples were collected from nine locations where previous uranium and copper mineralization was observed, with structural data collected from the Surprise Creek Fault area [2] Project Location and Historical Context - The Surprise Creek Project is located 25 km northwest of the Beaverlodge Uranium District, known for historical uranium mines [3] - A high-resolution airborne survey completed in September 2024 identified multiple new uranium targets in the area [4] Mineralization Findings - A strong uranium radiometric anomaly was identified at the Surprise Creek Fault drill target, with historical drilling returning results of up to 2.1m of 4.37% U3O8 from 57m [5] - Surface sampling returned assays up to 7.98% U3O8, with mineralization extending over a strike length of up to 500 m [5] Copper Prospects - The Project also contains historical copper prospects, with drilling results including 9.1m at 2.07% Cu and 27.3g/t Ag from surface at Bob Lake [7] - Rock chip sampling returned assays of up to 61.7% Cu, 27.6% Cu, and 9% Cu from historical copper occurrences [7] Regulatory Approvals - A work permit application for exploration, including drilling at the Surprise Creek Fault prospect, has been approved by the Saskatchewan Government [8] Company Overview - Mustang Energy is focused on discovering and developing high-potential uranium and critical mineral assets, holding a portfolio of 147,153 hectares in Saskatchewan's Athabasca Basin [17]
InZinc Intersects 19.1 m grading 3.3% Zn, 0.7% Pb and 7.4 g/t Ag from 30 m downhole, including 8.5% Zn, 2.1% Pb and 21.3 g/t Ag over 2.0 m - Further Expanding Shallow Mineralization at Indy Sedex Project, Central BC
Newsfile· 2025-08-21 12:50
InZinc Intersects 19.1 m grading 3.3% Zn, 0.7% Pb and 7.4 g/t Ag from 30 m downhole, including 8.5% Zn, 2.1% Pb and 21.3 g/t Ag over 2.0 m - Further Expanding Shallow Mineralization at Indy Sedex Project, Central BCAugust 21, 2025 8:51 AM EDT | Source: InZinc Mining Ltd.Vancouver, British Columbia--(Newsfile Corp. - August 21, 2025) - InZinc Mining Ltd. (TSXV: IZN) ("InZinc" or the "Company") is pleased to report an additional four drill holes from 2025 exploration diamond drilling at its 100% ...
Silver Bullet Mines Updates on Washington Mine in Idaho and Updates Financing
Newsfile· 2025-08-21 12:05
Core Viewpoint - Silver Bullet Mines Corp. (SBMI) is optimistic about the potential of the Washington Mine in Idaho, believing it could become a significant mining operation again based on recent exploration results and historical data [1]. Group 1: Exploration and Findings - The geological team has identified historical workings at the Washington Mine, particularly the original high-grade gold discovery area, with samples showing a red hue associated with gold [2]. - Down dip portions of the gold shoot are documented and may serve as high-priority drill targets to outline the extension of the original high-grade gold discovery from the early 1890s, which was purported to be 1 oz/ton [3]. - Historical reports indicate that the Subrosa Adit at the Washington Mine had silver grades of 32 oz/ton and gold grades of 0.13 oz/ton over 65 feet, with current efforts focused on safely opening this adit for sampling [4]. Group 2: Current Operations and Future Plans - The company has engaged a contract miner to expose the Berger Vein at surface, with ongoing detailed mapping and soil sampling indicating the presence of fine gold [5]. - A plan for underground mining is being developed, targeting a significant bulk sample for processing in the coming weeks, which may lead to a resource report compliant with NI 43-101 standards [6]. Group 3: Financing and Use of Proceeds - SBMI has closed a strategic financing round, issuing 6,782,143 units at $0.21 per unit, raising gross proceeds of $1,424,250, with cash commissions of $43,379 and additional finders warrants [7]. - Proceeds from the financing will be allocated to further site work at the Super Champ, expand the King Tut Gold Mine footprint, advance the Washington Mine, and for general working capital [8].
Morocco Strategic Minerals Reports Initial Sampling Results from the Tifernine Property
Globenewswire· 2025-08-21 11:50
MONTRÉAL, Aug. 21, 2025 (GLOBE NEWSWIRE) -- Morocco Strategic Minerals Corporation (TSXV: MCC) (“Morocco Strategic Minerals” or the “Corporation”) is pleased to announce results from its July 2025 channel and grab sampling program on the Tifernine Property, located southeast of Ouarzazate in the Kingdom of Morocco, where the Corporation holds an option to acquire a 100% interest. Sampling Program Overview The Tifernine property covers approximately 16 km² and hosts several significant sub-vertical mineraliz ...
Trident Resources Commences 5,000 Metre Inaugural Drilling Program at Contact Lake Gold Project, La Ronge Gold Belt, Saskatchewan
Globenewswire· 2025-08-21 07:05
Core Viewpoint - Trident Resources Corp. has initiated its first diamond drilling program at the Contact Lake Gold Project, marking a significant milestone in exploring the potential of this underexplored gold project in the La Ronge Gold Belt of Saskatchewan [1][3][7]. Drilling Program Overview - The inaugural drill program will consist of 5,000 metres, focusing on high-priority zones and confirming historical mineralization data [4][8]. - This is the first drilling campaign at Contact Lake in nearly 30 years, aimed at validating historical results and expanding known gold zones [3][7]. Expansion Potential - The Contact Lake Gold Project has a history of gold exploration but remains largely underexplored using modern methods. The La Ronge Gold Belt is known for several past-producing mines, indicating strong potential for Contact Lake to evolve into a significant asset with district-scale growth opportunities [6][10]. Historical Drill Intercepts - Historical high-grade intercepts from the Contact Lake Mine include: - Hole TU89-125: 20.5m at 12.81 g/t Au - Hole TU89-127: 18.3m at 10.41 g/t Au - Hole TU90-146: 0.6m at 2,616.00 g/t Au - Hole TU92-316: 0.5m at 94.06 g/t Au - These results highlight the potential for significant gold mineralization at the site [8]. Next Steps - Drilling is expected to continue through fall 2025, with the first assay results anticipated later this year. The company will provide updates as results become available [8].
Almadex Provides Review of Spences Bridge Gold Belt Projects in Southern British Columbia
Globenewswire· 2025-08-20 19:31
Core Insights - Almadex Minerals Ltd. is focusing on its wholly owned Nicoamen and Merit Projects located in the Spences Bridge Gold Belt, which is gaining attention due to recent high-grade gold discoveries [1][2] Industry Overview - The Spences Bridge Gold Belt is a 110 km northwest-trending area in southern British Columbia, known for its potential for low-sulphidation epithermal gold-silver mineralization [2] - Approximately CA$55 million has been invested in exploration at the Shovelnose Property, which has led to a robust Preliminary Economic Assessment (PEA) for a low-cost, high-margin underground gold mining operation with an estimated mine life of 11.1 years [2] Nicoamen Project Highlights - The Nicoamen Project consists of 9 claims totaling 3,332 hectares, located near Lytton, British Columbia [3] - Previous exploration included stream sediment, rock, and soil sampling, trenching, and geophysical surveys, with the most recent work conducted by Independence Gold Corp. [4][6] - A magnetic survey identified a "magnetic low" structural corridor associated with mineralized chalcedonic quartz veins, yielding gold values up to 4.46 g/t [4][6] Merit Project Highlights - The Merit Project comprises four mineral claims covering approximately 1,900 hectares, located near Merritt, British Columbia [7] - Previous exploration has revealed multiple zones of alteration and mineralization, particularly at Sullivan Ridge, where trenching returned gold values of 7.24 g/t over 1.8 meters [7] - Independence Gold Corp. also conducted work on the Merit Property, with sampling returning assays of up to 9.5 g/t gold and 341 g/t silver [8] Future Plans - The company intends to seek a qualified partner to further develop the Nicoamen and Merit projects while currently focusing on advancing its U.S.-based exploration projects [9]
Silver Dollar Exercises Option on Government Gulch Portion of Ranger-Page Project
Newsfile· 2025-08-20 12:00
Core Viewpoint - Silver Dollar Resources Inc. has successfully exercised its option to acquire a 75% interest in the Government Gulch portion of the Ranger-Page Project, a significant mining area in the Coeur d'Alene Mining District, known for its high production of silver, lead, and zinc [2][4]. Company Summary - Silver Dollar Resources Inc. is focused on mineral exploration in North America's prominent mining regions, particularly Idaho's Silver Valley and the Durango-Zacatecas silver-gold belt [8]. - The company has a portfolio that includes advanced-stage projects like Ranger-Page and La Joya, as well as the early-stage Nora project [8]. - Silver Dollar's largest shareholder is renowned mining investor Eric Sprott, indicating strong financial backing [8]. Project Details - The Ranger-Page Project encompasses six historic mines and is strategically located near Interstate 90, providing year-round access to essential resources and infrastructure [7]. - The company has incurred over US$1,210,000 in exploration expenditures on the Government Gulch property, in addition to a payment of US$250,000 to the optionor [2][3]. - Silver Dollar has the option to acquire the remaining 25% interest in the Government Gulch property through negotiations or predetermined payment options [3]. Future Plans - If the company does not exercise the Second Option by December 31, 2025, a joint venture will be formed, with Silver Dollar acting as the operator [4]. - The Government Gulch Agreement includes provisions for dilution of interests if a joint venture participant does not contribute its proportionate share of expenses [4][6].
Midnight Sun Puts Second Drill To Work at Dumbwa
Newsfile· 2025-08-20 10:30
Core Insights - Midnight Sun Mining Corp. has initiated the use of a second diamond drill at the Dumbwa Target within the Solwezi Project in Zambia to accelerate exploration efforts [1][2] - The exploration program aims to correlate previous drilling data with new induced polarization (IP) data and a significant 20-kilometre soil anomaly indicative of copper mineralization [2] Company Overview - Midnight Sun is focused on the Solwezi Project, located in the Zambia-Congo Copperbelt, which is the second largest copper-producing region globally [6] - The project is adjacent to major copper mines, including First Quantum's Kansanshi Mine, enhancing its potential for discovery [6] Exploration Details - The Dumbwa Target is characterized as a near-surface, low-strip, bulk-tonnage exploration site, with geological features similar to Barrick's Lumwana Mine, located approximately 60 kilometres to the west [3] - A high-grade copper-in-soil anomaly extends about 20 kilometres along strike and over 1 kilometre wide, with peak copper values reaching 0.73% [3] - Recent IP surveys have revealed the structural framework of the Dumbwa target, indicating a correlation between mineralized intervals from previous drilling and the interpreted target horizon [4]
Collective Mining Drills 183.70 Metres at 3.01 g/t Gold Equivalent Commencing from 37.30 Metres Downhole at the Apollo System
Prnewswire· 2025-08-20 10:30
High-grade gold, copper, silver and tungsten assay results have been received for four holes from its ongoing shallow drilling program designed to outline and expand the near surface zone of mineralization at the Apollo system with highlighted results as follows: 183.70 metres @ 3.01 g/t gold equivalent (0.86 g/t gold, 44 g/t silver, 0.83% copper and 0.14% WO3) from 37.30 metres downhole (APC-134) 37.15 metres @ 7.05 g/t gold equivalent (2.19 g/t gold, 89 g/t silver, 0.92% copper, and 0.73% WO3) from 118. ...
Fitzroy Minerals Reports Multiple Step-Out Copper Intercepts at Buen Retiro, Chile
Thenewswire· 2025-08-19 13:15
Core Insights - Fitzroy Minerals Inc. is advancing its exploration efforts at the Buen Retiro Copper Project in Copiapó, Chile, with ongoing Phase 2 drilling totaling 8,000 meters [1][4]. Exploration Update - Recent assay results from diamond drill holes 23 to 27 indicate copper mineralization in all holes, expanding the known mineralization strike length to 985 meters [2][10]. - The average distance between drill holes along the strike has been reduced to approximately 100 meters, improving the continuity of mineralization [2]. - Significant shallow mineralization zones have been identified, particularly between holes 21 and 24, covering a lateral extent of 360 meters [2][8]. Drilling Details - Drill hole 27 intersected multiple mineralized zones, including 119 meters at 0.53% Cu from a depth of 49 meters, confirming the presence of oxide and transition copper minerals down to about 150 meters [10][17]. - Hole 25 returned 32 meters at 0.90% Cu, including 11 meters at 2.28% Cu, indicating strong mineralization at the northwestern edge of the Southwest Area [10][18]. - The ongoing diamond drilling aims to further test the extensions and limits of known mineralization in the Southwest Area, with assays for holes 28 to 33 pending [25][26]. Future Plans - The company plans to initiate Reverse Circulation (RC) drilling in the North Area, targeting shallow hanging-wall copper mineralization related to a multi-kilometer geophysical anomaly [3][26]. - Fitzroy aims to accelerate resource delineation and technical de-risking work to advance towards production at Buen Retiro [6][25]. Infrastructure and Economic Considerations - The Buen Retiro site benefits from excellent infrastructure, being close to the Pan-American highway and existing mining facilities, which may enhance capital efficiencies for future development [6].