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Hemlo Mining Corp. Initiates 130,000 Metre Exploration Drilling Program for 2026
Prnewswire· 2026-01-29 11:30
Core Viewpoint - Hemlo Mining Corp. is launching a significant 130,000 metre exploration drilling program at the Hemlo Gold Mine, aimed at extending mine life, de-risking the near-term mine plan, and exploring broader growth potential in a favorable gold price environment [3][4][5]. Drilling Program Breakdown - The 2026 exploration drilling program consists of three main components: - Resource Conversion Drilling (70,000 metres) to convert Inferred mineral resources to Indicated classification [5][8]. - High-Definition Drilling (30,000 metres) to enhance geological confidence and operational predictability for the short-term mine plan [5][11]. - Growth Drilling (30,000 metres) to test new mineralized zones outside the current resource footprint [5][12]. Mineral Resources and Reserves - The Hemlo Mine has Probable mineral reserves of 2,321 koz of contained gold, with Measured and Indicated mineral resources of 3,626 koz [6][7]. - The after-tax NPV5% of the mine is approximately US$1.1 billion based on a long-term gold price of US$2,610/oz, potentially increasing to US$1.6 billion under higher price assumptions [7][20]. Program Context - The drilling program is positioned as a disciplined investment to support future technical studies and mine life extension, leveraging the current favorable gold price environment [4][3]. Target Areas for Drilling - Key target areas include: - C-Zone and E-Zone for resource conversion drilling [8][17]. - B-Zone Footwall for potential extensions of mineralization [14][15]. - South Rim and Highway Zone for testing continuity and potential resource delineation [16][18]. Future Plans - The results from the 2026 drilling program are expected to form the basis for an updated technical report, anticipated in H2 2027 [5][29].
First Majestic Reports Continued Exploration Success at Santa Elena and Announces Senior Management Update
TMX Newsfile· 2025-12-15 21:30
Core Insights - First Majestic Silver Corp. has announced significant expansions in gold and silver mineralization at the Santo Niño and Navidad discoveries, with new drilling results exceeding the previously declared 2024 Inferred Resources [1][5][7] - The company is initiating scoping-level studies for potential mining strategies at both discoveries, which will guide future development [2][4] - Metallurgical testing indicates excellent recovery rates for gold and silver, exceeding 95%, confirming compatibility with the Santa Elena processing plant [3][16] Exploration and Drilling Highlights - At Santo Niño, 15,307 meters of drilling over 32 holes have defined extensive mineralization, extending over 1,100 meters by 400 meters, with true thickness ranging from 2.5 meters to 5.0 meters [5][13] - At Navidad, 10,161 meters of drilling has been completed, revealing significant intercepts that extend over 1,200 meters by 400 meters, with an average true thickness of 3.0 meters to 4.0 meters [7][19] - The Luna Zone has seen 11,190 meters of infill drilling, enhancing geological understanding and supporting the conversion of Inferred Mineral Resources to Indicated Mineral Resources [8][19] Management and Strategic Developments - Mani Alkhafaji has been promoted to President & Chief Corporate Development Officer, effective January 1, 2026, as part of the company's growth strategy [31][32] - The company plans to increase throughput at the Santa Elena plant from approximately 3,200 tonnes per day to 3,500 tonnes per day by the end of 2026, reflecting confidence in long-term operations [4][11] District Exploration - The Santa Elena District has completed approximately 66,800 meters of exploration drilling in 2025, exceeding the planned 64,000 meters, indicating a proactive approach to exploration success [11][19] - The exploration program continues to yield positive results across multiple targets, reinforcing the district's potential for further mineral resource additions [11][19]
New Found Gold Intersects High-Grade Gold Mineralization in Dome Zone Step-Out Program: 10.4 g/t Au over 20.50m and 7.47 g/t Au over 13.40m
Newsfile· 2025-10-15 21:00
Core Insights - New Found Gold Corp. announced high-grade gold mineralization results from its ongoing 2025 drill program at the Queensway Gold Project in Newfoundland and Labrador, Canada [1][3] - Significant drill results include 10.4 g/t Au over 20.50 m and 7.47 g/t Au over 13.40 m from the Dome zone, indicating potential for resource expansion [7][9] - The 2025 drill program aims to convert inferred mineral resources to indicated resources, with results expected to be included in a mineral resource update scheduled for H1/26 [3][4] Drill Results Summary - The news release includes results from 11,187 m of drilling across 79 diamond drill holes completed in Q3/25, focusing on infill and exploration at the AFZ Core [4][5] - Key highlights from the Dome zone include: - 10.4 g/t Au over 20.50 m (NFGC-25-2299) - 7.47 g/t Au over 13.40 m (NFGC-25-2265) [7][9] - Lotto zone results include: - 40.6 g/t Au over 2.80 m (NFGC-25-2268) - 30.5 g/t Au over 2.05 m (NFGC-25-2263) [7] - Lotto North zone results include: - 33.8 g/t Au over 2.05 m (NFGC-25-2292) - 8.26 g/t Au over 4.40 m (NFGC-25-2331) [7] Future Plans - The 2025 Queensway drill program, which commenced in May 2025, is approximately 70% complete, with a focus on the AFZ Core area [14][15] - Infill drilling is ongoing to convert remaining inferred resources to indicated resources, with completion expected in Q4/25 [15][16] - Additional drilling in 2026 will target the expansion of the newly identified high-grade domain at the Dome zone [10][12]
i-80 Gold Reports Initial Assay Results from Granite Creek Underground and Provides Infill Drilling Update at High-Grade Cove Project
Prnewswire· 2025-09-10 10:00
Core Insights - i-80 Gold Corp. has announced promising initial assay results from its Granite Creek Underground Project and updates on infill drilling at the Cove Underground Project, indicating high-grade resources and significant growth potential across its Nevada portfolio [1][2][3]. Granite Creek Underground - The infill drilling program at Granite Creek Underground has shown robust high-grade mineralization in the South Pacific Zone, suggesting potential for expansion both to the north and at depth [2][3]. - A total of 20 out of 40 planned drill holes have been completed, with the first six holes returning high-grade gold assays, including 33.6 g/t over 2.9 meters and 29.7 g/t over 3.6 meters [4][5]. - The feasibility study for Granite Creek Underground is expected to be completed in the first quarter of 2026, incorporating updated mineral resource estimates based on recent drilling results [5][6]. Cove Underground - Approximately 45,000 meters of infill drilling have been completed at Cove over the past two years, enhancing the geological model and understanding of gold mineralization [7][8]. - The upcoming feasibility study for Cove, planned for the first quarter of 2026, aims to convert inferred and indicated resources into higher confidence categories [8][9]. - The Cove project is characterized by a Carlin-style mineralized system, with 15% of the known mineralization being oxidized, which will be processed at the Lone Tree facility [7][8]. Overall Company Strategy - i-80 Gold Corp. is focused on building a mid-tier gold producer through a strategic development plan that leverages its high-quality asset portfolio in Nevada [14]. - The company aims to maximize efficiency and growth through a hub-and-spoke regional mining and processing strategy, following the refurbishment of its central processing facility [14].