Mineral Resource Development
Search documents
Dakota Gold intersects 3.14 g/t gold and 10.57 g/t silver over 13.4 meters in expansion drilling at Richmond Hill
TMX Newsfile· 2026-03-17 10:30
Core Insights - Dakota Gold Corp. has reported positive results from the 2025 drill campaign at the Richmond Hill Oxide Heap Leach Gold Project, indicating significant gold and silver resources and potential for expansion [1][3][4]. Resource Summary - The Richmond Hill Project contains 3.65 million ounces of measured and indicated gold and 2.61 million ounces of inferred gold, along with 38.1 million ounces of measured and indicated silver and 22.8 million ounces of inferred silver [1]. - The results from the 2025 and 2026 drill campaigns will be included in a Pre-Feasibility Study (PFS) expected to be published in the second half of 2026, which will help the company report reserves [1][3]. Drill Campaign Details - The 2025 drill campaign consisted of 242 drill holes totaling 29,524 meters, aimed at advancing the project towards completing a PFS [4]. - The campaign included various types of drilling such as infill, expansion, metallurgical, and site infrastructure testing [4]. Production Potential - The company anticipates an average annual gold production of 150,000 ounces based on an average gold grade of 0.55 g/t Au and a base case gold price of $2,350 per ounce [5]. - The Internal Rate of Revenue (IRR) for the mine plan is calculated at 59% [5]. Higher-Grade Gold Intersections - Notable drill results include intersections of 5.0 g/t Au over 24.9 meters and 3.14 g/t Au over 13.4 meters, indicating higher-grade gold opportunities [8][9]. - The 2025 campaign returned multiple gold assays exceeding the average gold grade of 0.566 g/t Au [5][9]. Ongoing Drilling Efforts - The 2026 drill campaign commenced in January and has already completed 7,565 meters in 48 infill drill holes, with a total of 15,481 meters planned for the year [3][8]. - The campaign aims to convert inferred resources to indicated resources in preparation for the upcoming PFS [3]. Future Outlook - Dakota Gold aims to advance the Richmond Hill Project to commercial production by 2029, building on the legacy of the Homestake Gold Mining District [15].
West Red Lake Gold Further De-Risks Fork Satellite Deposit with Successful Infill Drilling
Globenewswire· 2026-03-17 09:30
Core Viewpoint - West Red Lake Gold Mines Ltd. has successfully completed an infill drilling program at its Fork Deposit, which is located near the Madsen Mine in Northwestern Ontario, indicating promising results that support efficient mine planning and future extraction scenarios [1][2]. Drilling Highlights - Hole WRL26-047 intersected 1 meter at 41.25 g/t Au, including 0.5 meters at 77.8 g/t Au, with visible gold associated with quartz veining and pyrite + pyrrhotite mineralization [3][5]. - Hole WRL25-037 intersected 4.5 meters at 5.8 g/t Au, including 1 meter at 7.68 g/t Au and 2.5 meters at 6.97 g/t Au [7]. - Hole WRL25-036 intersected 3.3 meters at 4.22 g/t Au, including 1 meter at 6.83 g/t Au and another 1 meter at 5.7 g/t Au [7]. Resource Overview - The Fork deposit currently contains an Indicated mineral resource of 20,900 ounces grading 5.3 g/t Au within 123,800 tonnes, and an Inferred resource of 49,500 ounces grading 5.2 g/t Au within 298,200 tonnes [14]. - The drilling program consisted of 3,204 meters of NQ diameter diamond drilling in 17 holes, aimed at informing a construction decision for near-term production at Madsen [16]. Geological Context - The Fork deposit lies within two concordant shear zones spaced 100-150 meters apart, with gold distribution controlled by the intersection of these shear zones with ultramafic sills and iron formation units [23][24]. - The mineralized body is curvilinear and weakly folded, with gold predominantly associated with deformed quartz veins within altered rock controlled by shear zones [26]. Future Development - The engineering team at Madsen is already working on the initial mine design for the Fork area, which is only 250 meters from existing underground infrastructure, indicating significant potential for future exploration and development [2][16]. Marketing Agreement - The company has entered into a marketing agreement with Euro Pacific Asset Management LLC to enhance investor awareness and promotional services related to its commercial production activities, with a total campaign budget not exceeding USD $900,000 [42][43]. Company Background - West Red Lake Gold Mines Ltd. is focused on advancing its flagship Madsen Gold Mine and holds a highly prospective land package in the Red Lake district of Ontario, which has historically produced over 30 million ounces of gold [44].
Abitibi Metals Achieves Early Exercise of B26 Option, Securing 80% Ownership of the High-Grade Copper-Gold Project in Quebec
TMX Newsfile· 2026-03-12 11:00
HighlightsEarly exercise of the B26 option secures 80% ownership, positioning Abitibi Metals as majority owner and operator of the high-grade copper-gold polymetallic projectMineral Resource Estimate has grown 124% in less than three years, highlighting the expanding scale and growth potential of the B26 systemFully funded 40,000-metre drill program underway in 2026, the largest in the Company's history, targeting resource expansion, infill drilling and regional exploration upsideLondon, Ontario--(Newsfile ...
Hycroft Files 2025 10-K and Provides Corporate Update
Prnewswire· 2026-03-03 11:15
Core Insights - Hycroft Mining Holding Corporation has reported significant progress in 2025, including a total shareholder return exceeding 950% for the year and the elimination of all debt from its balance sheet [1] Financial Performance - The company reported cash and cash equivalents of US$181.7 million, which increased to US$194.1 million as of February 28, 2026, following warrant exercises and expenditures in 2026 [1] - The company eliminated the Crofoot net profits royalty for $2.5 million and acquired Crofoot sulfur and other mineral rights for $1.5 million [1] Mineral Resource Development - Hycroft established an initial high-grade silver resource with underground potential of 90.2 million ounces of measured and indicated silver, along with 299 thousand ounces of measured and indicated gold [1] - The measured and indicated gold and silver mineral resources increased by approximately 55% to 16.4 million ounces of gold and 562.6 million ounces of silver [1] Exploration and Drilling Programs - The company initiated the 2025-2026 Drill Program, the largest under current management, estimated at 26,000 meters of core drilling and 8,200 meters of RC drilling targeting heap leach material [1] - Initial drill results at the Vortex silver system demonstrated higher grades and expansion, with the system expanding approximately 70 meters to the northwest and 90 meters down-dip to the west [1] Safety and Operational Achievements - The company maintained a continued injury-free safety record for the third consecutive year, achieving a total recordable injury frequency rate (TRIFR) of 0.00 and 1.4 million work hours without a lost time incident [1] Future Outlook - In 2026, the company plans to advance activities for future development, complete in-fill RC drilling for potential heap leach operation restart, and accelerate exploration drilling to expand the two high-grade silver systems [1] - The company is also finalizing a Preliminary Economic Assessment (PEA) technical report, which has been delayed due to the substantial increase in mineral resources [1]
TRX Gold Reports Record Q2 2026 Production and Company Update
Globenewswire· 2026-03-02 11:15
Core Insights - TRX Gold Corporation reported preliminary results for Q2 2026, highlighting record gold production and a significantly improved capital structure following the exercise of share purchase warrants [1][2]. Production and Financial Performance - The company achieved record quarterly production of 7,453 ounces of gold in Q2 2026, representing a 13% increase over Q1 2026, and sold approximately 7,400 ounces of gold, also a record for the company [2]. - The average market price for gold reached approximately $4,682 per ounce, a 21% increase over the Q1 2026 average realized price [2]. - Revenue for Q2 2026 is expected to be significantly higher than in Q1 2026 due to increased production and higher gold prices [2]. Capital Structure and Working Capital - All outstanding warrants were exercised or expired during Q2 2026, resulting in a clean capital structure with no remaining warrants [2]. - The company received approximately $21.0 million in gross proceeds from warrant exercises, including $12.9 million from 16,075,386 warrants at an exercise price of $0.80 and $8.2 million from 18,576,923 warrants at an exercise price of $0.44 [2]. - The working capital ratio improved from approximately 1.7 at November 30, 2025, to approximately 2.5 at February 28, 2026, with a cash balance of approximately $25 million [2]. Process Plant Expansion - The company is advancing upgrades to its processing plant, expanding from 2,000 tonnes per day (tpd) to a larger 3,000+ tpd capacity [2]. - Key components for the plant expansion are being procured, with several already delivered and installation expected to be completed in Q3 2026 [3]. Exploration and Development Strategy - A second geophysical survey commenced in Q2 2026, following up on targets identified in a previous magnetic survey [6]. - The company has mobilized its first exploration drill rig for resource upgrade and grade control drilling at the Eastern Porphyry pit [6]. - Strategic mine planning is underway to potentially expand operations in light of rising gold prices, with a focus on revising the life-of-mine plan [6]. Environmental and Governance Standards - TRX Gold is committed to high environmental, social, and corporate governance (ESG) standards, as evidenced by its relationships and programs developed in the Geita Region, Tanzania [4].
Fieldwork Resumes at Renforth's Parbec Gold Deposit in Malartic, Quebec
Thenewswire· 2026-02-09 13:00
Core Insights - Renforth Resources Inc. has made significant progress in its Parbec Gold Deposit and Victoria polymetallic deposit, confirming the presence of platinum and palladium in the Victoria deposit [2][5]. Group 1: Parbec Gold Deposit - The company has resumed its chipping and stripping program at the Parbec Gold Deposit, which had been paused in November 2025, focusing on a permitted area within the open pit footprint [2][9]. - Formal exchanges with regulatory bodies have been initiated to confirm the permitting pathway for the bulk sample project, with positive feedback received regarding its regulatory feasibility [3][4]. Group 2: Victoria Polymetallic Deposit - Recent testwork results have confirmed the presence of platinum and palladium in the mineralized ultramafic package at the Victoria deposit, indicating these metals will be included in future resource statements [5][6]. - An initial NI 43-101 inferred resource for the Victoria deposit has been declared, amounting to 125 million tonnes grading 0.15% NiEq, utilizing trailing average metal prices [15]. Group 3: Financing and Corporate Matters - The company has completed a previously announced financing, raising an additional $30,000 in common share units and $15,000 in flow-through shares for 2026 [7]. - A total of 8,850,000 options have been issued to certain officers, directors, and consultants, exercisable at $0.05 for a period of five years [8]. Group 4: Resource Details - The Parbec Gold Deposit currently hosts 265,800 ounces of gold in the Measured and Indicated categories, with a total tonnage of 9.61 million tonnes grading 0.86 g/t Au [12][13]. - The inferred category includes 97,000 ounces of gold within 2.55 million tonnes grading 1.18 g/t Au, with a cut-off grade based on a value of US$ 2,100 per ounce of gold as of April 2025 [12]. Group 5: Strategic Positioning - Renforth Resources is strategically positioned with road access, hydro-electric power, and proximity to established mining infrastructure, which enhances its potential to create shareholder value [16].
Zephyr Announces Increase in Private Placement
TMX Newsfile· 2026-01-27 12:50
Core Viewpoint - Zephyr Minerals Ltd. has announced an increase in its non-brokered private placement to 5,200,000 units at a price of $0.05 per unit, aiming for gross proceeds of up to $260,000, which will be used for working capital and advancing the Dawson Gold project [1][2]. Group 1: Private Placement Details - The private placement consists of units, each comprising one common share and one common share purchase warrant, with warrants allowing the purchase of additional shares at $0.10 for two years [1]. - The expected closing date for the private placement is around February 3, 2026, subject to customary closing conditions and TSX Venture Exchange approval [3]. Group 2: Dawson Gold Project - The Dawson Gold Deposit has an inferred mineral resource of 343,000 tonnes grading 12.11 g/t for 133,500 ounces of gold, with potential for resource expansion at depth and along strike [5]. - A Preliminary Economic Assessment (PEA) from March 21, 2017, indicated robust economics with an all-in sustaining cost of $692 per ounce, utilizing a gold price of $1,250/oz [5]. - The project benefits from a small footprint for the proposed underground mine, ownership of necessary lands, a favorable climate for year-round operations, and nearby infrastructure [5]. Group 3: Company Overview - Zephyr Minerals is focused on obtaining a mining permit for its 100% owned Dawson Gold property in Colorado and is awaiting the Zimbabwean Government's decision on two Exclusive Prospecting Orders covering 124,000 hectares [6].
Apex Mobilizes First Drill Rig to The Rift Rare Earth Project in Nebraska, U.S.A.
Accessnewswire· 2026-01-26 08:01
Core Viewpoint - Apex Critical Metals Corp. has commenced its inaugural drill program at the Rift Rare Earth Project in Nebraska, marking a significant milestone in the company's exploration efforts for critical and strategic metals [1][4]. Group 1: Drill Program Details - The first drill rig has arrived and is being assembled at the Rift Rare Earth Project, with site preparation activities ongoing to support drilling operations [2][3]. - The Phase I drill program aims to verify and expand on previously defined rare earth mineralization, covering 850 meters in the southeastern portion of the project [3]. - The drilling strategy is supported by a modern 3D geological model incorporating geophysical, geochemical, and historical drilling data [3]. Group 2: Company Developments - CEO Sean Charland emphasized that the arrival of the drill rig will significantly raise awareness of the Rift Rare Earth Project and accelerate the path towards establishing a maiden mineral resource [4]. - A second drill rig is expected to arrive soon, with the company planning to provide periodic updates on the drilling program's progress [4]. Group 3: Share Units Grant - The company has granted 750,000 restricted share units (RSUs) to a director, with vesting scheduled over two years [5][6]. - Each vested RSU entitles the holder to receive one common share, subject to a four-month hold period from the issuance date [6]. Group 4: Company Background - Apex Critical Metals is focused on advancing rare earth element and niobium projects to meet the growing demand for critical metals in North America [8][11]. - The flagship Rift Project is located within the Elk Creek Carbonatite Complex, known for its high-grade rare earth mineralization, with historical drilling reporting significant intercepts [8][10].
Kutcho Copper Corporate Update
TMX Newsfile· 2026-01-22 22:00
Core Viewpoint - Kutcho Copper Corp. is advancing its high-grade copper-zinc development project in British Columbia, emphasizing its feasibility stage and potential for significant exploration upside amid rising copper prices and increasing demand for electrification and decarbonization [2][12]. Corporate/Project Highlights - The project is located in a Tier 1 jurisdiction with existing infrastructure, including a field camp, airstrip, and access roads, which will facilitate development and operations [5][6]. - The feasibility study indicates strong economic metrics, with an after-tax Net Present Value (NPV 7%) ranging from C$536 million at US$4.00/lb copper to C$1.14 billion at US$6.00/lb copper, and Internal Rates of Return (IRR) from 30.5% to 53.4% [5]. - The mineral resource estimate includes 22.8 million tonnes grading 2.26% Copper equivalent, equating to 1.1 billion pounds of contained copper equivalent, with additional inferred resources [5][6]. - The company has identified over 10 near-resource and regional exploration targets that could expand the current mineral resource [5][19]. Significant Milestones - The company has reduced initial capital costs by approximately $57 million by deferring the underground mining portion of the project, which will now commence in the first year of operation [6]. - Optimization efforts in the flotation flowsheet are ongoing, aiming to enhance economic efficiency by reducing reagent usage, which will lower operating costs and environmental management risks [7][8]. Future Plans - Kutcho Copper plans to engage in marketing campaigns to showcase the project's potential, including a partnership with Machai Capital Inc. for digital marketing services [9]. - The company is also continuing to evaluate strategic opportunities and aims to finalize the cleaning circuit to optimize mineral processing operations [12][13].
MineralRite Corporation (RITE) Reports on Key Developments for the 4th Quarter of 2025
TMX Newsfile· 2026-01-15 14:30
Core Viewpoint - MineralRite Corporation is advancing its projects and strategic plans, focusing on mineral recovery and asset monetization, as highlighted in its quarterly shareholder update for Q4 2025 [1]. Capital Structure and Financing - The company is conducting a comprehensive review of its capital structure, including legacy share issuances, to support future financing and strategic transactions [2]. - Engagement with broker-dealers and investment banking firms has occurred on a non-exclusive basis for potential financing transactions, though completion on acceptable terms is uncertain [3]. Strategic Planning and Acquisitions - Management has begun evaluating potential acquisition targets and conducting due diligence, while also engaging with institutional investors and family offices under confidentiality arrangements [4]. Technical Evaluation and Compliance - An independent Qualified Person (QP) has been engaged to conduct a multi-phase technical evaluation of the Skull Valley tailings, which is a step towards compliance with SEC mining disclosure requirements [5]. - The company has not yet completed the technical evaluation required under SEC Regulation S-K Subpart 1300, and cannot provide estimates of mineral resources or reserves at this time [12]. Lease Progress and Regulatory Compliance - The company resubmitted its updated Mining Development Report for the Skull Valley lease, which was accepted by the Arizona State Land Department, including the proposed Minimum Annual Guarantee [7]. - Required insurance coverage and reclamation bonds have been obtained, satisfying the state's bonding and financial assurance requirements [8]. - The lease renewal application is in the final administrative processing stage, and the company cannot conduct mining operations without this lease [9][10]. Operational Focus and Future Strategies - The current operational focus is on the Skull Valley mine-tailings project, with ongoing reviews of engineering, permitting, and regulatory work [12]. - Management is evaluating strategic opportunities, including acquisitions and joint ventures, to support near- and intermediate-term revenue opportunities [13]. - The CEO emphasized the transformative changes and progress made during Q4, highlighting a disciplined plan focused on compliance and technical readiness [14].