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Electrum Discovery Updates Shareholders on Operations, Strategy, and Grants Options
Thenewswire· 2025-08-25 06:00
Core Insights - Electrum Discovery Corp. is shifting its focus towards advancing its gold-silver portfolio, particularly the Novo Tlamino project, while maintaining its commitment to copper exploration at the Timok East project [2][4][6] Group 1: Key Assets and Positioning - Electrum fully owns two projects: Timok East (copper-gold) and Novo Tlamino (gold-silver), both located in the Western Tethyan Belt in Serbia [1][26] - The Novo Tlamino project hosts the Barje gold-silver deposit with an inferred resource of 7.1 million tonnes grading 2.5 g/t Au and 38 g/t Ag, equating to approximately 670,000 ounces of AuEq [5][10] Group 2: Strategic Focus and Exploration Plans - The company plans to conduct approximately 3,200 meters of infill drilling and 1,000 meters of step-out drilling at the Barje deposit to support a resource update and test potential extensions [6][12] - Upcoming geophysical surveys at Timok East will refine high-priority drill targets, while the company continues systematic exploration [4][18] Group 3: Market Conditions and Growth Potential - With the strengthening of precious metals markets, the company believes advancing its gold-silver portfolio will yield more immediate returns for shareholders [2][4] - The Barje deposit's mineralization is suitable for conventional open-pit mining, and previous drilling has shown high-grade gold intercepts [6][7][8] Group 4: Future Catalysts - Near-term catalysts include the commencement of Barje infill and step-out drilling, additional metallurgical test-work, and a revised mineral resource estimate for Barje [23] - The company is also advancing target exploration across its 400 km² land package in the Novo Tlamino area, focusing on prospects like Karamanica and Jube Jube [14][15] Group 5: Corporate Developments - Electrum has granted 1,000,000 incentive stock options to its new directors, which are exercisable at $0.13 per common share [24]
Beacon Minerals (BCN) Earnings Call Presentation
2025-08-21 22:00
Corporate Presentation ASX:BCN 22 August 2025 For personal use only ASX:BCN For personal use only Corporate Snapshot | 1 Capital Structure | | | | | --- | --- | --- | --- | | ASX Code | | BCN | | | 1 Share Price | | $2.16 | | | Shares on Issue | | 105.7 M | | | Listed Options on | Issue (Ex . $ 1 .20 Ex . 5 Nov 2029 ) | 13.3 M | | | 1 Market Cap (AUD) | | $ 229.2 M | | | ¹ On the 21 August 2025 | | | | | 2 Financial | | | | | Cash on Hand (AUD) | 2 | $14.38 M | | | Gold Bullion Perth | 2 Mint | 2,744 ozs | ...
Pelangio Exploration Inc. Announces an Updated Mineral Resource Estimate for Its Manfo Gold Project, Ghana
Newsfile· 2025-08-20 22:00
Core Viewpoint - Pelangio Exploration Inc. has announced an updated Mineral Resource Estimate for its Manfo Gold Project in Ghana, reflecting significant increases in both tonnage and contained gold, driven by higher gold prices and new drilling data [1][4][20]. Resource Estimate Details - The updated Resource, effective July 31, 2025, includes four gold deposits and is based on a gold price of US$2,600 per ounce, compared to US$1,450 per ounce used in the 2013 estimate [2][18]. - The updated Resource shows a total Indicated Mineral Resource of 441,000 ounces of gold at an average grade of 1.16 g/t Au, and a total Inferred Mineral Resource of 396,000 ounces of gold at an average grade of 0.77 g/t Au [7][20]. - The updated Resource represents a 126% increase in Indicated gold ounces and a 395% increase in Inferred gold ounces compared to the 2013 estimate [7][20]. Drilling and Resource Expansion - The updated estimate incorporates drilling conducted by Pelangio since 2013, including the addition of the Nkansu deposit, which was largely drilled after the 2013 Maiden Resource [2][12]. - The company plans to conduct targeted infill drilling and exploration to further define and expand the resource base [4][25]. Economic and Technical Considerations - The updated Resource reflects lower average gold grades due to decreased cut-off grades, with cut-off grades set at 0.25 g/t Au for oxides and 0.35 g/t Au for transitional and fresh material [12][20]. - The resource estimation utilized standard geostatistical techniques and was prepared by independent Qualified Persons from SEMS Technical Services Ltd. [9][12]. Future Exploration Potential - There is significant exploration potential in the Manfo project, with many mineralization areas remaining open-ended and untested exploration targets identified [26][27]. - The recent addition of the Nkosuo Mining Permit is expected to enhance exploration opportunities, with ongoing exploration work planned [27].
Nova Pacific Reports Strong Intercepts Including 2.5 g/t AuEq Over 10 m, 4.0 g/t AuEq Over 6.05 m, and 1.7 g/t AuEq Over 12 m at Lara VMS Project on Vancouver Island, B.C.
Newsfile· 2025-08-14 12:30
Core Viewpoint - Nova Pacific Metals Corp. has reported strong assay results from its Phase 1 exploration drilling campaign at the Lara VMS Project, indicating potential for significant mineralization and supporting the historical drilling data [1][3][6]. Summary by Sections Exploration Results - The company completed 41 drill holes totaling 8,660 meters, with results from 23 holes reported and assays pending from 16 holes [6][19]. - Notable intercepts include: - NP25-029: 10 m grading 2.5 g/t AuEq from 100 m downhole [5]. - NP25-027: 6.05 m grading 4.0 g/t AuEq from 45.45 m downhole [5]. - NP25-022: 12 m grading 1.7 g/t AuEq from 166 m downhole [5]. - The results validate the company's exploration model and provide geological insights for further mineralization opportunities [7][19]. Future Plans - The company anticipates strong news flow as it progresses towards a mineral resource estimate targeted for Q4 2025 [3][19]. - Assays from 16 additional drill holes are pending, including step-out holes designed to test extensions beyond known mineralization [4][16]. Geological Context - The Lara Project is located within a 17-km belt of the McLaughlin Ridge Formation, which is associated with the past-producing Myra Falls VMS Mine [1][20]. - The exploration program aims to verify historical drilling data across 39,092 m of drilling to support a current mineral resource estimate [19][20]. Community Engagement - The company is committed to early and meaningful engagement with Indigenous communities, recognizing their rights and aiming for mutually beneficial partnerships [26][27]. Company Overview - Nova Pacific Metals Corp. is focused on advancing the Lara VMS Project, which hosts a significant historical mineral resource enriched with critical and precious metals [28].
Focus Graphite Advances ESIA Reporting at Lac Knife and Accelerates Mineral Resource Expansion at Lac Tetepisca and Announces the Grant of Options and RSUs
Newsfile· 2025-08-13 22:49
Core Insights - Focus Graphite Inc. is advancing its Environmental and Social Impact Assessment (ESIA) for the Lac Knife graphite project and accelerating mineral resource expansion at Lac Tétépisca [2][3][4] Group 1: ESIA Progress - The company has re-engaged IOS Geosciences Inc. to complete 16 technical reports necessary for submission to Québec's environmental authorities, marking a significant step towards permitting and mine construction [3][4] - The ESIA program, initially launched in 2020, faced delays due to funding constraints but is now back on track, with report completion expected by early 2026 [4][5] Group 2: Mineral Resource Expansion - Focus Graphite has initiated geochemical analysis of over 1,000 drill core samples from its 2022 exploration program at Lac Tétépisca, which will support an updated NI 43-101 Mineral Resource Estimate anticipated in Fall 2025 [6][8] - The updated resource estimate will further define the development potential of Tétépisca alongside Lac Knife [8] Group 3: Incentives and Future Plans - The company has granted stock options to purchase up to 4,215,000 common shares at an exercise price of $0.14 per share, expiring on August 13, 2030, and has also issued 1,350,000 restricted stock units to its directors and consultants [9] - The CEO emphasized that resuming the ESIA is a pivotal milestone towards full permitting and mine development at Lac Knife, reflecting the company's commitment to building value across its asset base in Québec [9]
Montage Gold Reports on Its Q2 and H1-2025 Activities
Globenewswire· 2025-08-12 21:26
Construction Activities - The Koné project is progressing on-budget and on-schedule, with the first gold pour expected in Q2-2027 [9][14][32] - Over 3.0 million hours have been worked without a Lost Time Injury, with more than 2,500 employees and contractors on-site [6][14][17] - As of June 30, 2025, a total of $339.2 million has been committed to the project, with $158.8 million disbursed, representing approximately 44% of the total estimated capital expenditure of $835 million [9][41] Exploration Activities - The exploration program for 2025 has been increased from 90,000 meters to 120,000 meters, with 83,280 meters already drilled in H1-2025 [12][43] - The focus is on delineating higher-grade resources, with a target of discovering at least 1 million ounces of Measured and Indicated Resources at a grade 50% higher than the Koné deposit before production begins [15][42] - An updated Mineral Resource Estimate was published on July 21, 2025, for the Gbongogo South and Koban North deposits, with further updates expected throughout the year [45][46] Financial Position - As of June 30, 2025, the company had a consolidated cash balance of $99.9 million, up from $42.7 million at the end of Q1-2025 [38] - Total liquidity and available financing amounted to $734.8 million, including $593.8 million of undrawn financing [39] - Cash flows generated from financing activities increased significantly to $150.5 million in Q2-2025, driven by the partial drawdown of the Wheaton Stream [37]
Goldshore Intersects 25.3m of 0.92 g/t Au, Including 3.15m of 5.15 g/t Au from 391.85m, Proving Continuity of Shears Between the Main and Southwest Zones
Newsfile· 2025-08-08 11:00
Core Viewpoint - Goldshore Resources Inc. has announced significant assay results from its winter drill program at the Moss Gold Project, confirming the continuity of mineralized shears between the Main and Southwest Zones, which may enhance the project's resource estimate [2][3][6]. Group 1: Drill Program Results - The winter drill program consisted of 20,000 meters, with 1,380 meters drilled in the previously undrilled Golden Gate Zone [2][5]. - Significant intercepts include: - 25.3 meters of 0.92 g/t Au from 390 meters, including 3.15 meters of 5.15 g/t Au [6][16]. - 20 meters of 0.92 g/t Au from 154 meters, including 4 meters of 3.01 g/t Au [6][17]. - 2.75 meters of 3.08 g/t Au from 119.25 meters [6][17]. - 12 meters of 0.90 g/t Au from 157 meters, including 10 meters of 1.00 g/t Au [6][17]. Group 2: Geological Insights - The drilling confirmed the presence of medium-grade marginal shears, indicating continuity of mineralization between the Main and Southwest Zones [3][12]. - The geological characteristics of the intercepts suggest a more significant connection between the two zones than previously modeled, potentially allowing for a single proposed pit [3][13]. Group 3: Company Overview - Goldshore is focused on advancing its primary gold assets, particularly the Moss Gold Project, which has seen over $75 million in investment and approximately 100,000 meters of drilling [26]. - The updated mineral resource estimate for the Moss Gold Project includes 1.54 million ounces of Indicated gold resources at 1.23 g/t Au and 5.20 million ounces of Inferred gold resources at 1.11 g/t Au [26].
Encounter Resources (E6H) 2025 Earnings Call Presentation
2025-08-06 05:55
4-6 AUGUST 2025 Exploring Australia's Great Mineral Provinces… Diggers and Dealers Mining Forum Encounter Resources Investor Update Disclaimer and Compliance Statement This presentation has been prepared by Encounter Resources Limited ("Encounter"). The information contained in this presentation is a professional opinion only and is given in good faith. Certain information in this document has been derived from third parties and though Encounter has no reason to believe that it is not accurate, reliable or ...
Westgold Resources (WGXR.F) 2025 Earnings Call Presentation
2025-08-05 09:00
Financial Performance & Growth - Westgold achieved a record Q4 FY25 and FY25, closing with $364 million in cash, bullion, and liquid investments[33, 34] - In Q4 FY25, Westgold produced 88,022 ounces of gold at an AISC (All-In Sustaining Cost) of $2,688/oz and sold 71,500 ounces at an average price of A$5,174/oz, generating revenue of A$370 million[36] - Westgold reported a record quarterly treasury build of $132 million in Q4 FY25[27, 36] Operational Highlights & Future Plans - Westgold is transitioning to predominantly longitudinal open stoping at the South-Junction mine, expecting paste fill to commence in late Q1 FY26, enabling 100% orebody extraction[41] - Great Fingall virgin stopes are expected to bring higher grade ore, with first ore to the Bluebird mill in Q2 FY26, displacing low-grade stockpiles[44] - Westgold plans to expand Beta Hunt to >2Mtpa with infrastructure projects progressing, including clean water supply and primary vent upgrades[50] - The company aims to expand Bluebird-South Junction to 1.2Mtpa and grow the Fletcher Zone[69] Resource & Reserve Updates - The Fletcher Zone Maiden Mineral Resource was reported as 31 million tonnes @ 2.3g/t for 2.3 million ounces of gold at the end of Q4 FY25[56, 85] - At the end of Q1 FY25, the Bluebird-South Junction Mineral Resource was reported as 14.969 million tonnes @ 2.9g/t for 1.37 million ounces of gold[85] - At the end of Q1 FY25, the Starlight Open Pit & Underground Mineral Resource was reported as 12.9 million tonnes @ 2.7g/t for 1.13 million ounces of gold[85]
Fortuna Advances Diamba Sud Gold Project in Senegal with Updated Mineral Resources; PEA Completion Targeted for Q4 2025
Globenewswire· 2025-08-05 09:00
Core Viewpoint - Fortuna Mining Corp. has released an updated Mineral Resource estimate for the Diamba Sud Gold Project in Senegal, indicating significant increases in both Indicated and Inferred Mineral Resources as of July 7, 2025 [1][8]. Summary by Category Mineral Resource Estimates - The Diamba Sud Gold Project contains an Indicated Mineral Resource of 14.2 million tonnes (Mt) at an average gold grade of 1.59 grams per tonne (g/t), equating to 724,000 ounces of gold [3][6]. - The Inferred Mineral Resource is estimated at 6.2 Mt with an average gold grade of 1.44 g/t, containing 285,000 ounces of gold [3][10]. - The Indicated Mineral Resource has increased by 53% since year-end 2024, while the Inferred Mineral Resource has seen a 93% increase over the same period [8]. Drilling and Resource Expansion - The updated estimate is based on new drilling conducted from July 2024 to July 2025, involving 243 holes and totaling 31,652 meters [4]. - New resource estimates for the Southern Arc and Moungoundi deposits have been introduced, with initial Inferred Mineral Resource estimates of 194,000 ounces and 31,000 ounces of gold, respectively [8][10]. Economic Analysis and Future Plans - A Preliminary Economic Analysis (PEA) is currently underway, with completion expected in the fourth quarter of 2025 [8]. - Exploration drilling at Southern Arc is ongoing, focusing on infilling and expansion drilling to upgrade Inferred Resources and explore open mineralization [9]. Geological Interpretation and Methodology - Infill drilling has improved geological interpretation and supported the conversion of Inferred Resources to Indicated Resources [9]. - The resource estimate incorporates data from 1,178 diamond and reverse circulation drill holes, totaling 154,814 meters, completed since 2019 [11]. Price Assumptions and Cost Refinements - The long-term gold price assumption has been increased to $2,600 per ounce, which, along with refinements to mining and processing costs, has contributed to updated pit shell optimization [9][26].