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West Red Lake Gold Hits New High-Grade Gold Lens in Lower Main Austin with 139.45 g/t Au over 7.8m, 74.70 g/t Au over 8.7m and 18.31 g/t Au over 7.5m
Globenewswire· 2025-10-09 07:30
Core Insights - West Red Lake Gold Mines Ltd. has reported promising drill results from its Madsen Mine, indicating high-grade gold mineralization in the Austin Zone, with significant potential for further discoveries [1][2][3] Summary by Sections Drill Results - The recent drilling at the Madsen Mine has revealed high-grade gold intercepts, particularly in the Austin Zone, which has an Indicated mineral resource of 914,200 ounces at a grade of 6.9 grams per tonne and an Inferred resource of 104,900 ounces at 6.5 grams per tonne [2][3][29] - Notable drill results include Hole MM25D-12-4860-004, which intersected 7.75 meters at 139.45 grams per tonne gold, including a remarkable 2 meters at 532.25 grams per tonne [5][9] Mining Potential - The company is focusing on the lower portions of the Austin Zone, where historical mining occurred in the 1950s and 60s, suggesting significant untapped potential for gold recovery [2][3] - The ongoing drilling program aims to define near-term mining inventory and expand the current mineral resource, particularly in the Austin, South Austin, North Austin, and McVeigh Zones [16][29] Geological Context - The mineralization at the Madsen Mine is associated with broad alteration corridors and has been subjected to high temperatures during metamorphism, which has influenced the mineral assemblage [11][13] - The Austin structures are characterized by complex geological features, including folding and structural dismemberment, which may enhance the potential for high-grade gold deposits [11][14] Resource Estimates - The Madsen Mine currently hosts a total Indicated resource of 1.65 million ounces of gold at a grade of 7.4 grams per tonne, with an Inferred resource of 0.37 million ounces at 6.3 grams per tonne [29] - The mine also contains Probable reserves of 478,000 ounces at a grade of 8.16 grams per tonne, based on a gold price of US$1,680 per ounce [29]
Eloro Resources Reports the Longest and Highest-Grade Tin Intersection Obtained thus far in Drilling at its Iska Iska Project, Potosí Department, Bolivia with 213.00 Metres Grading 0.51% Tin (Sn)
Globenewswire· 2025-09-16 11:00
Core Insights - Eloro Resources Ltd. has reported further assay results from its definition drill program at the Iska Iska project, indicating an expansion of the hydrothermal system's footprint to approximately 800m by 500m by 500m deep, with dimensions increased by 100m along and across strike compared to previous reports [3][5][6] - The drilling program has completed a total of 6,242m in twelve holes, with significant results from five holes reported, including high-grade intersections of tin and silver [3][5][6] - The Santa Barbara Zone remains open laterally and downdip, presenting opportunities for further drilling to expand and upgrade mineral resources for the planned Preliminary Economic Assessment (PEA) [5][6] Drill Results - Hole DSB-87 intersected 213.00m grading 0.51% tin and 25.46 g/t silver, marking the longest and highest-grade tin intersection obtained so far at Iska Iska [6][10] - Hole DSB-86 intersected a long interval of zinc and lead grading 0.81% Zn and 0.80% Pb over 241.50m, including a higher section grading 1.56% Zn and 0.98% Pb over 100.50m [9][10] - DSB-80 and DSB-84 also reported several higher-grade intervals of silver, tin, and zinc, with notable grades such as 53.10 g/t Ag over 15.00m and 31.62 g/t Ag over 16.50m respectively [6][9][10] Geological Context - The Iska Iska project is characterized as a major silver-tin polymetallic porphyry-epithermal complex, associated with a Miocene caldera, and is located in a region known for significant mineral deposits [22][23] - The hydrothermal system at Iska Iska shows strong scale and complexity, with indications of significant tin-polymetallic endowment based on the dynamic nature of hydrothermal events observed in drill cores [5][6][23] Future Prospects - The ongoing drilling program aims to further delineate the mineralized zones and confirm larger extensions of both tin and polymetallic systems at Iska Iska, with the potential for significant resource upgrades [5][6][10] - The results from the current drilling phase are expected to unlock additional value for shareholders and enhance the project's viability for future development [5][6]
Gunnison Copper Corp. Presents in Red Cloud's Virtual Webinar Series
Newsfile· 2025-09-12 10:30
Phoenix, Arizona--(Newsfile Corp. - September 12, 2025) - Gunnison Copper Corp. (TSX: GCU) (OTCQB: GCUMF) (FSE: 3XS0) is pleased to announce that the company is presenting a live virtual corporate update hosted by Red Cloud Financial Services on September 15th, 2025 at 2:00 PM ET. We invite our shareholders, and all interested parties to register for the webinar and participate in the live Q&A session at the end of the presentation moderated by Red Cloud. The replay will be emailed out to all webinar regis ...
Q2 Metals Clarifies Technical Disclosure on Initial Exploration Target at the Cisco Lithium Project in James Bay, Quebec, Canada
Globenewswire· 2025-09-10 22:55
Core Viewpoint - Q2 Metals Corp. clarifies its technical disclosure regarding the Exploration Target on the Cisco Lithium Project following a review by the British Columbia Securities Commission, emphasizing that the potential quantity and grade are conceptual and not yet defined as a Mineral Resource [1][2][4]. Exploration Target Details - The inaugural Exploration Target estimates a potential mineralization range of 215 to 329 million tonnes at a grade of 1.0 to 1.38% Li2O, based on drilling data from 40 holes [4][18]. - The Exploration Target is conceptual and does not constitute a Mineral Resource as defined by NI 43-101, with insufficient exploration conducted to confirm the target [4][6][18]. Methodology and Data - BBA Inc. prepared the Exploration Target based on a comprehensive review of exploration and drilling data, including 40 drill holes totaling 16,167.8 meters [5][9]. - The methodology involved 3D modeling of pegmatite domains and applying specific gravity measurements to estimate tonnage and grade, with adjustments made for confidence factors [9][12]. Ongoing Exploration Efforts - The company is continuing its drill campaign to define and prepare an inferred Mineral Resource estimate at the Cisco Project, with mineralization remaining open at depth and along strike [2][19]. - The 2025 Exploration Program is ongoing, with rolling assay results expected in the coming weeks [19]. Company Overview - Q2 Metals Corp. is focused on the Cisco Lithium Project located in the Eeyou Istchee James Bay region of Quebec, Canada, covering 41,253 hectares with significant district-scale potential [17].
Callinex Changes Name to Visionary Copper and Gold Mines Inc.
Globenewswire· 2025-08-26 12:30
Core Viewpoint - Callinex Mines Inc. has changed its name to Visionary Copper and Gold Mines Inc. to better reflect its focus on copper and gold projects in Canada, with trading under the new name starting on August 28, 2025 [1][2]. Company Overview - Callinex Mines Inc. is advancing a portfolio of base and precious metals deposits located in established Canadian mining jurisdictions, with a focus on the 100% owned Point Leamington Deposit in Newfoundland, which has an Indicated Mineral Resource of 5.0 million tonnes grading 2.5 g/t AuEq for 402,000 ounces AuEq [3]. - The company also has an Inferred Mineral Resource of 13.7 million tonnes grading 2.24 g/t AuEq for 986,500 ounces AuEq at the Point Leamington Deposit, and an out-of-pit Inferred Mineral Resource of 1.7 million tonnes grading 3.06 g/t AuEq for 168,500 ounces AuEq [3]. - Additionally, the Rainbow deposit at the Pine Bay Project has an indicated mineral resource of 3.44 million tonnes grading 3.59% CuEq for 272.4 million pounds CuEq, and an inferred mineral resource of 1.28 million tonnes grading 2.95% CuEq containing 83.4 million pounds CuEq [3]. - The Nash Creek Project in the Bathurst Mining District has a 2018 Preliminary Economic Assessment (PEA) indicating a pre-tax Internal Rate of Return (IRR) of 34.1% and a Net Present Value (NPV) of $230 million at $1.25 Zinc [3].
Tudor Gold Files for Underground Exploration Permit at Treaty Creek and Provides Update on the American Creek Acquisition
Newsfile· 2025-08-14 23:00
Core Viewpoint - Tudor Gold Corp. has filed for an underground exploration permit for the Treaty Creek Project, aiming to enhance access to the high-grade gold SC-1 Zone and improve drilling efficiency [1][2]. Group 1: Underground Exploration Permit - The permit application includes the development of an underground ramp to access the SC-1 Zone and other zones, facilitating definition drilling and expansion drilling [2]. - Underground drilling is expected to reduce time and costs associated with delineating the SC-1 Zone, allowing for year-round drilling operations [2]. Group 2: SC-1 Zone Discovery - The SC-1 Zone was identified in early 2024, with the discovery hole (GS-22-134) intersecting 25.5 meters grading 9.66 g/t gold, 1.23 g/t silver, and 0.24% copper [3]. Group 3: American Creek Acquisition - Tudor Gold plans to acquire all outstanding shares of American Creek, with a shareholder meeting scheduled for August 28, 2025, to approve the transaction [7]. - Upon completion of the acquisition, Tudor Gold's interest in the Treaty Creek Project will increase from 60% to 80% [8]. Group 4: Mineral Resources - The Treaty Creek Project hosts an Indicated Mineral Resource of 21.66 million ounces of gold grading 0.92 g/t, 2.87 billion pounds of copper grading 0.18%, and 128.73 million ounces of silver grading 5.48 g/t [8]. - Additionally, it has an Inferred Mineral Resource of 4.88 million ounces of gold grading 1.01 g/t, 503.2 million pounds of copper grading 0.15%, and 28.97 million ounces of silver grading 6.02 g/t [8]. Group 5: Company Overview - Tudor Gold Corp. is focused on precious and base metals exploration and development in the Golden Triangle of British Columbia, an area known for its significant mineral deposits [10].
Astral Resources NL (AAR) Earnings Call Presentation
2025-07-25 01:45
Project Overview - Astral Resources is advancing the Mandilla project towards a multi-decade gold mining development with a target of 100,000 ounces per annum (kozpa)[1] - The project is located in the Kalgoorlie goldfields of Western Australia[23] - The company has a Mineral Resource inventory of 1.8 million ounces (Moz) and a Probable Reserve of 1.1 Moz[23] Financial Highlights (Pre-Feasibility Study - PFS) - The PFS demonstrates positive financial outcomes at a gold price of A$4,250/oz, including a pre-tax Net Present Value (NPV8) of A$1.4 billion and pre-tax free cash flow of A$2.8 billion[29] - The PFS indicates a payback period of approximately 12 months at a gold price of A$4,250/oz[29] - At a higher gold price of A$5,000/oz, the pre-tax NPV8 increases to A$2.0 billion and pre-tax free cash flow to A$3.9 billion, with a payback period of approximately 9 months[29] - The All-in Sustaining Cost (AISC) is projected to be A$2,085/oz over the Life of Mine (LOM) at a gold price of A$4,250/oz[34] Resources and Reserves - The Theia deposit represents 81% of the Mandilla Mineral Resource Estimate (MRE), containing 1.2 Moz of gold[44] - 95% of the Mandilla MRE converted into the PFS production target[40] - 86% of the Feysville MRE converted into the PFS production target (excluding Think Big fresh)[40] - The total Ore Reserve is estimated at 36.6 million tonnes (Mt) at 0.9 g/t Au for 1.082 Moz[64]
Catalyst Metals (CYL) Earnings Call Presentation
2025-07-24 01:15
Company Overview - Catalyst Metals Limited (ASX:CYL) has a market capitalization of A$1.3 billion as of June 30, 2025 [54] - The company holds A$230 million in cash and bullion [54] - The pro-forma enterprise value is A$1.0 billion [54] Production and Operations - Group production is approximately 108koz pa (FY25) at an AISC of A$2,317/oz [4] - The company aims to increase Plutonic production from approximately 85koz pa to approximately 200koz pa while lowering costs to approximately A$2,000/oz [4] - Plutonic Gold Belt reserves are 861koz as of June 30, 2024 [4] - Plutonic Gold Belt resources are 3.0Moz as of June 30, 2024 [4] Growth Strategy - Catalyst completed the acquisition of Old Highway for A$32.5 million in cash [8] - The company plans to increase production by developing three new mines [27] - The company is undertaking a 39,000m drill program targeting an exploration target of approximately 420koz to 610koz at approximately 4.2 to 5.1 g/t Au at Plutonic Main – Baltic Extension [36] Bendigo Gold Project - The Four Eagles project has a high-grade Iris Resource of 70koz at 26g/t [48] - The company secured a processing solution for the Bendigo Gold Project [45]
DLP Resources Announces Commencement of 2025 Drilling on the Aurora Porphyry Copper-Molybdenum-Silver Project in Southern Peru
Newsfile· 2025-07-22 10:00
Core Viewpoint - DLP Resources Inc. has commenced drilling on the Aurora porphyry copper-molybdenum-silver project in southern Peru, marking a significant step in the exploration and potential economic evaluation of the project [1][9]. Group 1: Aurora Project Overview - The Aurora Project is an advanced stage porphyry copper-molybdenum exploration project located in the Province of Calca, southeastern Peru [9]. - A National Instrument 43-101 Technical Report was released on February 27, 2025, detailing the maiden Mineral Resources effective January 31, 2025, prepared by independent AMC Consultants Pty Ltd [2][11]. Group 2: Mineral Resource Highlights - The Aurora Project contains an Inferred Resource of over 1 billion tonnes, with 4,650 million pounds of copper, 1,110 million pounds of molybdenum, and 80 million ounces of silver [5]. - The Inferred Resource is pit-constrained, with a total of 1,050 million tonnes grading 0.20% copper, 0.05% molybdenum, and 2.4 g/t silver, equating to 0.44% CuEq [4][5]. Group 3: Drilling Program and Economic Assessment - The 2025 drilling program will involve 6,000 to 7,000 meters across seven drill holes, focusing on both extension and infill drilling [7]. - A preliminary economic assessment (PEA) is scheduled to begin in August 2025, with an expected completion date in December 2025 [8][9]. Group 4: Historical Context - Historical drilling at the Aurora Project included thirteen holes drilled between 2001 and 2005, totaling 3,900 meters, which encountered significant copper and molybdenum mineralization [9][10]. - The current mineral resource is based on 24 diamond drill holes conducted by DLP, with a total drill meterage of 18,400 meters [11].
Centerra Gold Reports First Quarter 2025 Results; Approved up to $75 Million to Repurchase Shares in 2025; Announces Updated Mineral Resource at Kemess and Advancing Studies on the Project
GlobeNewswire News Room· 2025-05-06 10:01
Core Viewpoint - Centerra Gold Inc. reported its first quarter 2025 operating and financial results, highlighting positive free cash flow, unchanged production guidance, and ongoing project advancements, particularly at the Kemess project [2][3]. Operations - Consolidated gold production for Q1 2025 was 59,379 ounces, with 35,880 ounces from Mount Milligan and 23,499 ounces from Öksüt [6][11]. - Copper production in the quarter was 11.6 million pounds [6]. - Mount Milligan produced 35,880 ounces of gold and 11.6 million pounds of copper, lower than planned due to lower gold grades [23]. - Öksüt produced 23,499 ounces of gold, also lower than planned due to lower grades and unfavorable weather conditions [27]. Financial - First quarter 2025 revenue was $299.5 million, a decrease of 2% from $305.8 million in Q1 2024 [9]. - Net earnings for Q1 2025 were $30.5 million, or $0.15 per share, down 54% from $66.4 million in Q1 2024 [11]. - Cash provided by operating activities was $58.6 million, with free cash flow of $10.0 million [11]. - The company maintained a strong cash position of $608 million, ensuring financial flexibility for ongoing projects [3][10]. Growth Initiatives - The company is advancing a Preliminary Economic Assessment on the Kemess project, expected to be completed by the end of 2025 [3]. - The updated mineral resource at Kemess includes 2.7 million ounces of indicated gold resources and 971 million pounds of indicated copper resources [8]. - Exploration guidance for Kemess has been doubled to between $10 million and $12 million for 2025, focusing on infill drilling and high-grade mineralization [3][8]. Capital Expenditures - Total capital expenditures in Q1 2025 were $46.9 million, with $68.1 million in additions to property, plant, and equipment [11]. - Non-sustaining capital expenditures were $25.8 million, primarily related to the restart of Thompson Creek [11][33]. Guidance - The company maintains its 2025 production guidance of 270,000 to 310,000 ounces of gold and 50 to 60 million pounds of copper [15][16]. - Gold production costs for Q1 2025 were $1,271 per ounce, with all-in sustaining costs of $1,491 per ounce [11][16].