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Excellon Increases Indicated Silver Mineral Resource by over 500% for the Mallay Mine
TMX Newsfile· 2026-02-23 14:47
Core Insights - Excellon Resources Inc. has announced its first independent Mineral Resource Estimate (MRE) for the Mallay Silver-Lead-Zinc Mine in Peru, marking a significant milestone for the company [1][3]. Group 1: Mineral Resource Estimate Details - The MRE was prepared by SGS Canada and establishes a higher-confidence inventory to support the staged restart planning of the Mallay Mine [2][3]. - The estimate includes 890,000 tonnes of Indicated resources grading 195 g/t silver, 3.33% lead, and 4.83% zinc, totaling approximately 5.57 million ounces of silver, 65 million pounds of lead, and 95 million pounds of zinc [14]. - Inferred resources are estimated at 362,000 tonnes grading 149 g/t silver, 2.67% lead, and 4.32% zinc, which includes about 1.74 million ounces of silver, 21 million pounds of lead, and 34 million pounds of zinc [14]. Group 2: Technical Aspects and Methodology - The MRE is based on a validated drillhole database comprising 1,595 surface and underground drill holes and 18,150 channel samples, totaling 166,420 meters of drilling and 22,740 meters of channels [7]. - The estimate utilizes modern 3D modeling and geological reinterpretation in accordance with CIM Best Practice Guidelines and NI 43-101 disclosure standards [2][4]. - The resource estimate reflects a conservative silver price of US$30.00 per ounce and assumes a fully utilized mill capacity of approximately 200,000 tonnes per year [3][11]. Group 3: Future Growth and Exploration Potential - Excellon plans to advance new upside targets through ongoing drilling, which is not yet reflected in the current MRE, including the Footwall Zone and Shafra Zone [4][25]. - A 10,000-meter infill and extension drill program is currently underway to improve confidence for mine planning and test near-mine extensions [25][38]. - The company has identified additional mineralization potential in the Footwall Zone, which is adjacent to the principal vein system and not included in the current MRE [25].
Awalé Confirms BBM's Continuity with 2.0 g/t Gold Equivalent over 72 Metres and Looks Toward Underground Potential
TMX Newsfile· 2026-02-23 12:00
HighlightsBBM keeps delivering: Thick and consistent gold-copper mineralization highlighted by 2.0 g/t AuEq. over 72m (OEDD-157, twin hole to OEDD-74 for metallurgy studies).Multiple strong intervals, including 2.0 g/t AuEq. over 32m (including 7.4 g/t AuEq. over 2m) and 1.1 g/t AuEq. over 27m, reinforcing continuity.MRE on track: BBM is emerging as the largest gold-copper discovery in West Africa with strengthening confidence ahead of a Mineral Resource Estimate targeted for Q2 2026.Scale continues to bui ...
Bonterra Reports Significant Mineral Resources Growth at Barry and Gladiator Deposits
TMX Newsfile· 2026-02-23 11:00
Val-D'Or, Quebec--(Newsfile Corp. - February 23, 2026) - Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) (FSE: 9BR2) ("Bonterra" or the "Company") is pleased to announce updated Mineral Resource Estimates (the "2026 MREs") for the Barry and Gladiator deposits (the "Properties"). The 2026 MREs were independently prepared by P&E Mining Consultants Inc. ("P&E") on behalf of the Company in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") and are effecti ...
Scorpio Gold Drills 49.62 Metres Grading 3.14 g/t Gold, from 59.95 Metres Extending Mineralization Along Zanzibar Trend at the Manhattan District, Nevada
TMX Newsfile· 2026-02-19 11:00
HighlightsHole 25MN-044 returned 3.14 g/t gold over 49.62 metres ("m"), including 22.81 g/t gold over 4.24 m.Hole 25MN-045 returned 0.65 g/t gold over 57.64 m, including 1.24 g/t gold over 19.23 m.Vancouver, British Columbia--(Newsfile Corp. - February 19, 2026) - Scorpio Gold Corp. (TSXV: SGN) (OTCQB: SRCRF) (FSE: RY9) ("Scorpio Gold", or the "Company") is pleased to announce results from stepout holes from the Phase Two drill program at the Manhattan District Project ("Manhattan"), Nevada, USA: 25MN-044 ...
Fortuna expands Indicated Mineral Resource by 73% to 1.25 million gold ounces, Diamba Sud Project, Senegal
Globenewswire· 2026-02-19 10:00
Core Viewpoint - Fortuna Mining Corp. has announced a significant increase in the Mineral Resource estimate for the Diamba Sud Gold Project, with indicated resources now totaling 1.25 million ounces of gold, reflecting a 73% increase from the previous estimate, which positions the project favorably for future development and investment decisions [1][2]. Mineral Resource Summary - The updated Mineral Resource estimate includes 26.0 million tonnes of indicated resources averaging 1.50 g/t Au, containing 1,254,000 ounces of gold, and 2.1 million tonnes of inferred resources averaging 1.13 g/t Au, containing 77,000 ounces of gold [7][5]. - The Southern Arc deposit has been identified as the largest gold deposit at Diamba Sud, with a first-time estimation of 6.0 million tonnes averaging 1.91 g/t Au, containing 367,000 ounces of gold [5][4]. Project Development and Feasibility - The updated resource estimate is expected to support a feasibility study targeted for completion by mid-2026, which will advance the project towards a final investment decision [2][9]. - Ongoing exploration drilling continues to intersect mineralization beyond current resource envelopes, indicating further growth potential for the project [5][8]. Technical Advancements - Infill drilling has successfully upgraded inferred resources to indicated resources at several deposits, including Area D, Southern Arc, Moungoundi, and Karakara, enhancing overall resource confidence [11][5]. - The updated estimate incorporates drilling data from July 2025 to January 2026, which has improved geological interpretation and resource modeling [8][11]. Strategic Goals - The Diamba Sud project, along with the expansion of the Séguéla Mine, is central to Fortuna's strategy to grow into a company capable of producing over 500,000 ounces of gold annually from long-life assets [2][1].
Ivanhoe Mines Issues 2025 Fourth Quarter and Annual Financial Results
TMX Newsfile· 2026-02-18 22:27
Ivanhoe Mines reports profit of $228M and adjusted EBITDA of $578M for 2025Kamoa-Kakula generates 2025 revenue of $3.28B and EBITDA of $1.45B, at a margin of 44%, despite lower production and sales since MayKamoa-Kakula cost of sales of $2.82/lb., and cash cost (C1) of $2.16/lb., achieving revised 2025 guidanceKamoa-Kakula cash cost (C1) guidance of $2.20/lb. to $2.50/lb. for 2026, decreasing to $1.90/lb. to $2.30/lb. for 2027Ramp up of Africa's largest and highest-technology copper smelter advancing ahead ...
Renegade Gold Reports Significant New Mineral Resource Estimate at Red Lake Project, Ontario
TMX Newsfile· 2026-02-18 20:19
Core Insights - Renegade Gold Inc. announced a new Mineral Resource Estimate (MRE) for its Rebel Gold Deposit, totaling 370,000 ounces in the Indicated category and 439,000 ounces in the Inferred category, indicating a significant gold asset in the Red Lake Mining District of Ontario [1][5][6] Mineral Resource Estimate - The MRE includes 5,568,000 tonnes at an average grade of 2.07 g/t Au for the Indicated category, and 2,495,000 tonnes at 2.42 g/t Au for the Inferred category in open pit resources [2][6] - For underground resources, the Inferred category includes 1,553,000 tonnes at an average grade of 4.91 g/t Au, contributing 245,000 ounces [5][6] - The total mineral resource comprises 370,000 ounces Indicated and 439,000 ounces Inferred, with substantial expansion potential identified beyond 700 meters depth [5][6][13] Future Plans - The company plans a focused drilling program in 2026 to target resource expansion towards the one-million-ounce benchmark, alongside ongoing metallurgical and environmental studies [15][16] - Improved structural modeling has enhanced the understanding of mineralization controls, providing a clear path for targeted expansion drilling [2][13] Location and Geological Context - The Rebel Gold Deposit is located approximately 26 km west of Evolution Mining's Red Lake operations, within a prolific high-grade gold district, and is accessible via maintained logging roads [11][12] - The deposit is hosted within the Newman Todd Structure, a mineralized corridor that extends over 2 km, indicating multiple styles of gold mineralization [12][13]
Omai Gold Mines Ranks 6th on the TSX Venture Exchange 2026 Top 50
TMX Newsfile· 2026-02-18 13:14
Toronto, Ontario--(Newsfile Corp. - February 18, 2026) - Omai Gold Mines Corp. (TSXV: OMG) (OTCQB: OMGGF) ("Omai Gold" or the "Company") is pleased to announce that it has been recognized by the TSX Venture Exchange ("TSXV") as a 2026 Top 50 Company, ranking in sixth place.The TSX Venture 50 is an annual ranking of the top performing companies from the past year on the TSXV based on three equally weighted criteria: market capitalization growth, share price appreciation and trading value. The TSX Venture 50 ...
Millennial Potash Ranked 3rd on the 2026 TSX Venture 50 List of Top Performing Companies
TMX Newsfile· 2026-02-18 13:00
West Vancouver, British Columbia--(Newsfile Corp. - February 18, 2026) - Millennial Potash Corp. (TSXV: MLP) (OTCQB: MLPNF) (FSE: X0D) ("MLP", "Millennial" or the "Company") is pleased to announce that it has been ranked 3rd overall on the 2026 TSX Venture 50™ list of top performing companies.The TSX Venture 50™ is an annual ranking of the top 50 companies on the TSX Venture Exchange based on three equally weighted criteria: market capitalization growth, share price appreciation, and trading value. The ran ...
QGold Reports Results from Its Drilling Campaigns at Its Mine Centre Gold Project
Globenewswire· 2026-02-18 12:30
Presented are results of the June and November 2025 drilling campaigns, including 36 g/t on the vowel veinTORONTO, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Q-Gold Resources Ltd. (TSXV: QGR; OTCQB: QGLDF; Börse Frankfurt: QX9G) ("QGold" or the "Company") is pleased to announce the results of its first and second diamond drilling campaigns of 2025 at its Mine Centre gold project in northwestern Ontario (Fig. 1). Highlights: Hole Q25_28 intersected 36.7 g/t Au over 0.5 m from 48.0m to 48.5mHole Q25_31 returned 8.1 g/ ...