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CDN Maverick Expands Strategic Holdings Along Interpreted Greenstone Belt Extensions
Newsfile· 2025-08-20 15:14
Vancouver, British Columbia--(Newsfile Corp. - August 20, 2025) - CDN Maverick Capital Corp. (CSE: CDN) (OTCQB: AXVEF) (FSE: 338B) ("Maverick" or the "Company") is pleased to announce the expansion of its land packages in James Bay, Quebec with the addition of 170 new mineral claims, comprising 98 claims at Chabinoche and 72 at Poncheville, totaling 9,222 hectares (Figure 1). Including the Nottaway claims, Maverick has now secured over 14,782 hectares (~147.8 km²) through staking. These claims are primaril ...
Dreadnought Resources (DRE) Earnings Call Presentation
2025-07-25 02:45
Company Overview - Dreadnought Resources Ltd (ASX:DRE) has a market capitalization of approximately $55.2 million [3] - The company has approximately $10 million in cash as of June 30, 2025 [3] - Top 20 shareholders hold approximately 32% of the company's shares [5] - The company's strategy includes developing the high-grade Star of Mangaroon to generate cash flow and finding more gold faster [7] Mangaroon Gold Project - The Star of Mangaroon has a maiden resource of 23,300 ounces of gold at 12.8 g/t Au, with 84% classified as Indicated [14] - A scoping study indicates a potential free cash flow of approximately A$50 million at A$4,600/oz gold [14] - Metallurgical testing shows an average total gold recovery of 96.7%, with 74.4% from gravity recovery [19] Exploration and Discovery - The company has defined five camp-scale prospects at Mangaroon through stream sediments [30] - Illaara Gold Project is one of the most underexplored greenstone belts in the Yilgarn region [38] - The Yin Ironstone Complex has a total resource of 29.98 million tonnes at 1.04% TREO at a 0.20% TREO cut-off [54, 67] - The Gifford Creek Carbonatite Complex has an inferred resource of 10.84 million tonnes at 1.00% TREO and 0.22% Nb2O5 at C3 [54] Partnerships and Commercialization - Teck is farm-in to Money Intrusion Ni-Cu-PGE project with A$15 million expenditure to earn 75% interest [47, 50]
New Age Metals Completes Phase 1 Antimony-Gold Field Reconnaissance Exploration
Thenewswire· 2025-07-17 12:00
Core Insights - New Age Metals Inc. (NAM) has completed its Phase 1 field reconnaissance exploration program on its Sb-Au properties in Newfoundland, confirming the region's potential for mineralization [1][3][4] - The antimony market has experienced a significant supply shock due to China's export restrictions, leading to a price surge above $60,000 per metric tonne, which has quadrupled over the past year [2][23] - Gold prices have also risen sharply, reaching up to $3,500 per ounce, driven by global uncertainties and increased demand from central banks and retail investors [24][25] Company Developments - The Phase 1 program involved the collection of 286 rock samples and mapping of 63 geopoints, documenting various geological features across NAM's properties [3][5] - Initial field results indicate the presence of high-grade antimony-quartz veins and widespread sulfide-bearing quartz systems, validating NAM's exploration strategy [3][4] - The company is currently awaiting assay results from the Phase 1 samples to guide the next phase of exploration [5] Market Context - China's antimony export ban has created a critical supply shortage, as approximately 70% of the world's antimony is produced or refined in China [2][23] - Central banks have significantly increased their gold purchases, adding 244 tonnes to global reserves in Q1 2025, indicating strong demand for gold as a strategic asset [24] - The convergence of high gold and antimony prices highlights the strategic importance of these metals in the current economic landscape [25] Strategic Positioning - NAM's properties cover approximately 19,800 hectares across 11 non-contiguous sites, strategically located near the Beaver Brook Antimony Mine and New Found Gold's Queensway South Gold Project [26] - The company is actively seeking to expand its mineral acquisition opportunities and is focused on developing its critical metal projects in North America [29][33]
Melkior Announces Promising Grassroots Gold-Base Metal Discovery at Beschefer East
Thenewswire· 2025-07-17 11:00
Core Insights - Melkior Resources Inc. has announced positive results from its winter drilling program at the Beschefer East Project, indicating significant exploration potential in a previously unexplored area [3][4] - The company has entered into an option agreement with SOQUEM Inc. to earn 100% ownership of the Beschefer East Project over three years [1][6] Drilling Program Details - The winter drilling program consisted of six holes totaling 1,050 meters, targeting previously untested areas of the property with each hole having a nominal depth of 175 meters [3][4] - Drilling intersected altered felsic intrusions, felsic volcanics, and minor tuffs, with mineralized intersections localized at or near the contact of mafic and felsic volcanics along the Beschefer Trend [4] Anomaly Identification - A bio-geochemical sampling program collected 1,780 samples, identifying five distinct gold-polymetallic anomaly targets with elevated concentrations of copper, lead, and zinc [5] - The recent drilling represents one of these anomaly areas, which will be reviewed for follow-up work due to its coincidence with geophysical ground IP-EM conductors [5] Project Background - The Beschefer East Project covers 2,906 hectares and contains significant gold and polymetallic potential, with geological similarities to Abitibi Metals' B26 deposit [6] - Historical drilling in the adjacent Beschefer Project has identified high-grade gold zones, indicating the area's potential [7] Initial Drill Results - The initial drill results include significant intercepts such as 5.1 g/t gold, 0.96% copper, and 0.68% zinc over 0.9 meters, confirming an 800-meter copper-gold mineralized horizon [9] - These results suggest the need for more targeted drilling to evaluate the expansion potential of this new target [9] Technical Information - All drill cores were analyzed using standard fire assay procedures, with quality assurance measures in place [16] - The technical information has been reviewed and approved by a qualified person, ensuring compliance with industry standards [17]
Harfang Announces Summer Exploration Plans
Globenewswire· 2025-07-17 11:00
Core Viewpoint - Harfang Exploration Inc. is advancing its exploration plans for gold and critical strategic mineral projects in Québec and Ontario, following a successful winter drilling program at Sky Lake and ongoing stakeholder consultations [1][2]. Group 1: Exploration Plans - The company has paused field activities at Sky Lake until mid-August due to an ongoing election with the local First Nations community, aiming to finalize a mutually beneficial exploration agreement post-election [1]. - A three-week surface exploration program is planned at Sky Lake, focusing on stripping, channel sampling, prospecting, and geological mapping to enhance understanding of the gold system [2]. - At Menarik West, the summer exploration program will involve prospecting and geological mapping to evaluate the potential for an intrusion-related gold system [3][4]. Group 2: Specific Project Details - The Menarik East program will focus on high-priority areas within the Menarik Ultramafic Complex to assess mineral potential associated with the geological context [5][6]. - The Blakelock project will see a limited surface field program scheduled for late summer 2025, marking the first field exploration at this site [7][8]. - At Egan, a focused surface exploration program will be conducted to confirm historical results and refine the geological model [9]. Group 3: Historical Resource Estimates - The Menarik project has a historical resource estimate of 6.34 million tonnes grading 7.73% Cr₂O₃, 398 ppb Pd, and 105 ppb Pt, along with additional occurrences of gold, silver, lead, and zinc [6][11].
Omega Pacific Outlines 2025 Exploration Program in the Revitalized Toodoggone District
Newsfile· 2025-06-04 13:10
Core Insights - Omega Pacific Resources Ltd. has announced its 2025 exploration strategy for the Williams Property in British Columbia's Toodoggone District, which is becoming a significant gold and copper-gold area with recent mineral discoveries [1] - The 2025 exploration program aims to build on the success of the 2024 gold discovery at the GIC Target, with an expected investment of over $50 million in exploration and development across the district [1][2] - The company plans to conduct drilling, mapping, and sampling to expand the GIC Target over a 12 km area, focusing on a specific 1,400 x 400 m target area [4][12] 2024 Exploration Highlights - The 2024 exploration program at Williams yielded positive results, with two out of four drill holes returning bulk tonnage gold intercepts and high-grade intervals [2] - All four drill holes intersected gold mineralization in multiple zones, indicating a robust epithermal gold system at GIC [2][6] 2025 Exploration Plans - The 2025 program will focus on expanding mineralization in the immediate east-west target area, which is bordered by known mineralization [4] - Historical drilling and surface sampling have indicated significant gold grades, with results such as 4.64 g/t Au over 8 m and surface samples returning 4-12 g/t Au [4][12] - The initial phase will involve 2,500 meters of diamond core drilling, with potential expansion to 5,000 meters depending on financing [12] Company Overview - Omega Pacific Resources is a Canadian mineral exploration company focused on discovering and developing precious metal projects in British Columbia [13] - The company emphasizes responsible exploration practices and aims to deliver long-term value to shareholders and stakeholders [13]
Kenorland Expands Exploration Portfolio in Ontario and into New Brunswick
Newsfile· 2025-05-27 11:30
Core Viewpoint - Kenorland Minerals Ltd. has expanded its exploration portfolio by acquiring significant mineral claims in Ontario and New Brunswick, indicating a strategic move into underexplored regions with high potential for mineral discoveries [1][2]. Group 1: Acquisition Details - Kenorland has staked 125,430 hectares in the Kowkash Project located in Northern Ontario and 119,779 hectares in the Atlantic Project in Central New Brunswick, totaling 150,831 hectares [1][4]. - The company has also entered a purchase agreement to acquire a 100% interest in an additional 31,052 hectares adjacent to the Atlantic Project, valued at $174,440.76 [9][11]. Group 2: Project Descriptions - The Kowkash Project is situated in the Onaman-Tashota Greenstone Belt, characterized by low exploration maturity and potential for orogenic and volcanic hosted massive sulphide mineralization, including high-grade Au, Ag, Cu, and Zn [2][4]. - The Atlantic Project encompasses a segment of the Gander and Dunnage zones, known for various gold and polymetallic deposits, and is prospective for epithermal and VHMS mineralization styles [4][7]. Group 3: Exploration Strategy - Kenorland aims to apply a systematic approach to exploration, with plans for a regional geochemical sampling program during the 2025 summer field season at the Kowkash Project [2][4]. - The Atlantic Project area has seen limited historical exploration, presenting a unique opportunity for modern exploration techniques to uncover new mineral deposits [7].
Ground Magnetic Survey Commences at Electrum's Timok East Copper-Gold Project in Eastern Serbia
Thenewswire· 2025-04-29 06:00
Core Viewpoint - Electrum Discovery Corp. has initiated a ground magnetic survey at the Timok East Copper-Gold Project in eastern Serbia, aimed at refining exploration targets and enhancing understanding of geological systems in the area [1][2]. Project Overview - The Timok East Project encompasses three mineral permits: Bukova Glava, Luka, and Makovište, covering a total area of 123 square kilometers [1]. - The ground magnetic survey will cover 59 square kilometers across the Makovište and Luka licenses, involving 280 line kilometers of data collection [2]. Survey Objectives - The primary goal of the survey is to identify magnetic responses associated with porphyry deposit alteration and magnetite-rich zones within skarn systems [4]. - The survey will help refine the exploration strategy and drill targeting by detecting magnetic signatures of alteration and mineralization [6][7]. - It aims to delineate the shape and extent of intrusive bodies, which are critical for understanding mineralization sources [8]. Data Integration - Magnetic data will be integrated with geological, geochemical, and other geophysical data to enhance exploration targeting [10]. - The survey will also assist in mapping structural features that may influence mineralizing fluid pathways [9]. Company Background - Electrum Discovery Corp. is focused on mineral exploration and development in the Western Tethyan Belt, with two main projects covering 645 square kilometers in Serbia [12]. - The company aims to maximize the value of its mineral projects for stakeholders, including shareholders and the local community [13].