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Banyan Gold Intersects Multiple High-Grade Mineralization Occurrences in Powerline and Airstrip Deposits, AurMac, Yukon, Canada
Accessnewswire· 2026-01-08 11:00
Core Insights - Banyan Gold Corp. has reported new high-grade gold intersections in the Powerline and Airstrip deposits at its AurMac Project in Yukon, Canada, indicating significant exploration potential and continuity of mineralization [1][2][3] Exploration Results - The recent drilling results confirm the extension of high-grade mineralization at the Powerline deposit and the continuity between Powerline and Airstrip deposits, with a notable 400 m mineralized gap between them [2][3] - High-grade mineralization was identified in the Airstrip deposit, with significant intersections such as 1.10 g/t Au over 66.6 m and 0.95 g/t Au over 29.6 m, indicating potential for further depth extension [3][6] - The Powerline deposit also showed high-grade intervals, including 2.02 g/t Au over 16.3 m and 5.60 g/t Au over 4.4 m, reinforcing the continuity of high-grade domains [7][8] Mineral Resource Estimates - The current Mineral Resource Estimate (MRE) for the AurMac Project includes an Indicated Resource of 2.274 million ounces of gold at an average grade of 0.63 g/t and an Inferred Resource of 5.453 million ounces at 0.60 g/t [20][21] - The MRE is based on a cut-off grade of 0.30 g/t gold, with the estimates constrained within an open pit shell optimized using specific economic parameters [23] Upcoming Events - Banyan Gold Corp. will participate in several upcoming industry conferences, including the BMO 35 Global Metals, Mining & Critical Minerals Conference and the Metals Investor Forum, providing opportunities for further engagement with investors [22][20]
Galantas Gold Announces Definitive Agreement to Acquire the Andacollo Oro Gold Project, Chile
Globenewswire· 2026-01-07 01:02
Core Viewpoint - Galantas Gold Corporation has entered into a share purchase agreement to acquire a 100% ownership interest in the Andacollo Oro Gold Project in Chile, marking a significant strategic move for the company and expected to be classified as a Fundamental Acquisition under TSX Venture Exchange policies [1] Project Overview - The Andacollo Oro Gold Project is located in the Coquimbo Region of Chile, approximately 55 kilometers southeast of La Serena, at an elevation of 1,100 meters, featuring a substantial permitted footprint with mining concessions, land title, and water rights [2] - The project includes existing infrastructure, extensive earthworks, and three leach pads, providing excellent access to services and a skilled workforce [2] Historical Resource Estimates - The historical mineral resource estimate indicates measured and indicated resources of 2.02 million ounces of gold from 130 million tonnes at a grade of 0.48 grams per tonne, with inferred resources of 5.06 million ounces from 358 million tonnes at a grade of 0.45 grams per tonne [3] - The project has a historical production record of 1.12 million ounces of gold from 1998 to 2018, with peak annual production of approximately 135,000 ounces [4] Geological and Technical Aspects - The project features a low-sulphidation epithermal, manto-style gold system, supported by a robust technical database from 1,600 drill holes totaling approximately 190,000 meters [5] - The project is adjacent to the Carmen del Andacollo porphyry copper mine, which produces about 45,000 tonnes of copper per year [6] Strategic Importance - The acquisition is seen as a transformative step for Galantas, enhancing its profile and scale by adding a large-scale, past-producing gold asset with existing infrastructure and a deep technical database [7] - The project offers multiple development pathways and significant exploration potential for additional gold and copper mineralization [8] Transaction Structure - The total cash consideration for the acquisition is structured at US$32 million, with staged payments over four years, reflecting a commitment to capital discipline [12] - The transaction includes the issuance of 91,313,890 common shares to the controlling shareholder of Dragones, representing 19.9% of Galantas' outstanding shares, subject to approvals [12][13] Financial Overview - As of December 31, 2025, Sol, the entity acquiring the project, reported total assets of approximately US$4.28 million and total liabilities of approximately US$4.34 million, resulting in a loss of US$67,521 [10] Exploration Opportunities - The project has significant exploration upside, with potential for grade enhancement through angle-drilling and opportunities to increase resources along strike and down-dip of known mineralization [25] - There are indications of high-grade copper targets and numerous unexplored gold-copper occurrences on the project [26] Conditions to Closing - The completion of the transaction is subject to board approval, regulatory requirements, and shareholder approvals, including minority approval requirements [31][28]
TSXV Gold Miner West Point Gold Corp. (TSXV: WPG) (OTCQB: WPGCF) Summary of Transformative 2025 and 2026 Outlook
Investorideas.com· 2026-01-06 16:37
TSXV Gold Miner West Point Gold Corp. (TSXV: WPG) (OTCQB: WPGCF) Summary of Transformative 2025 and 2026 Outlook (Investorideas.com Newswire) Breaking Gold Stock News – Investorideas.com issues a news and trading alert for West Point Gold Corp.(TSXV: WPG) (OTCQB: WPGCF). West Point Gold Corp. (TSXV: WPG) (OTCQB: WPGCF) (FSE: LRA0) reports the highlights from what was a transformative 2025 and an update on its 2026 plans. "2025 was a transformative year for West Point Gold. Our team delivered signi ...
Tiger Gold Commences Trading on the Frankfurt Stock Exchange
TMX Newsfile· 2026-01-06 09:00
Core Viewpoint - Tiger Gold Corp. has commenced trading on the Frankfurt Stock Exchange, marking a significant step in expanding its visibility and international presence, particularly among European investors [1][2][3] Company Developments - The company has entered into several market awareness and investor relations agreements to enhance its market presence over the next 12 months [13][16][20] - Tiger Gold's Phase I drill program at the Quinchía Gold Project is ongoing, with two active rigs and a third scheduled for delivery in January [3][4] Project Details - The Phase I drilling program is planned for 10,000 meters, with 6,000 meters focused on infill and extension drilling at Tesorito to upgrade and expand the Mineral Resource [4] - The Quinchía Gold Project is located approximately 20 kilometers south of notable mining projects and benefits from excellent access to infrastructure and renewable energy [5][22] Mineral Resource Estimates - Current Mineral Resource estimates for the Miraflores and Tesorito deposits include inferred resources of 104 million tonnes at 0.47 g/t Au for 1.57 million ounces of gold [10] - The historical estimate for the Dos Quebradas deposit is 20.2 million tonnes at 0.71 g/t Au, equating to 459,000 ounces of gold, but this estimate has not been verified by Tiger Gold [11] Investor Relations Agreements - Tiger Gold has engaged ICP Securities Inc. for automated market-making services at a monthly fee of CAD $7,500 [13] - The company has also contracted Emerging Markets Consulting, LLC for a 12-month marketing campaign with an upfront fee of USD $200,000 [16] - Plutus Invest and Consulting GmbH will provide marketing and communications services for CAD $80,000 over 12 months [17]
NEVADA KING REVIEWS 2025 ACHIEVEMENTS AND 2026 EXPLORATION STRATEGY
Prnewswire· 2025-12-29 11:30
Core Insights - Nevada King Gold Corp. achieved significant milestones in 2025, enhancing its Atlanta Gold Mine Project and positioning for growth in 2026 [1][5] Group 1: 2025 Highlights - The updated NI 43-101 mineral resource estimate for Atlanta showed a 122% increase in measured and indicated resources, totaling over 1 million ounces of oxide gold within 27.7 million tonnes at a grade of 1.14 g/t Au [4][8] - Phase 2 metallurgical testing confirmed strong oxide recoveries and supported a simplified processing flowsheet, utilizing run-of-mine heap leaching and two-stage crushing [4] - A 30,000m Phase 3 drilling program identified multiple new oxide gold targets, establishing a pipeline of exploration opportunities [4] Group 2: Exploration Success - Silver Park East emerged as the most advanced new discovery, with drilling confirming a broad zone of near-surface oxide gold and silver mineralization over an area of approximately 450m x 300m [4] - Drilling at Atlanta South and Atlanta North, along with the identification of the Western Rim target, revealed extensive quartz veining with rock chip samples grading up to 20.8 g/t Au [4] Group 3: Leadership Team Strengthening - John Sclodnick was appointed CEO, bringing extensive capital markets experience [4] - Jeff Stieber joined as CFO, enhancing financial oversight with experience from precious metals companies [4] - Justin Daley was appointed VP of Exploration, contributing deep technical expertise [4] Group 4: Outlook for 2026 - Nevada King enters 2026 with a fully funded Phase 4 exploration program, including an initial 20,000m of drilling focused on advancing regional targets [4] - The company aims to continue expanding its resource base while minimizing costs [5]
Xali Gold Closes Acquisition of Pico Machay Gold Project
Globenewswire· 2025-12-24 21:20
Core Viewpoint - Xali Gold Corp. has successfully closed the acquisition of the Pico Machay Gold Project in Peru, which is at an advanced exploration stage and aims for near-term production [1][2]. Acquisition Details - The acquisition involved purchasing Minera Calipuy S.A.C., the owner of Pico Machay, from Pan American Silver Corp. and its subsidiary Aquiline Resources Inc. [1] - An initial cash payment of US$500,000 was made to finalize the acquisition, with total cash payments potentially reaching US$17 million over the next five years [2][4]. Payment Structure - The payment schedule includes: - US$1.5 million due on December 24, 2026 - US$1.5 million due on December 24, 2027 - US$4 million due on December 24, 2028 - US$3 million due on December 24, 2029 - US$4.5 million due upon the earlier of December 24, 2030, or the commencement of commercial production - An additional US$2.5 million contingent payment if mineral reserves exceed 1.25 million ounces [2][3][4]. Security and Guarantees - Payments are secured by Promissory Notes, a Share Pledge Agreement over Calipuy's shares, and a Mortgage Agreement over both Pico Machay and the Las Brujas II property [3]. - The Promissory Notes are guaranteed by Calipuy and Candente Gold Peru S.A.C., and do not accrue interest before maturity [3]. Project Potential - The historical resource estimate for Pico Machay was based on a long-term gold price of US$700 per ounce, indicating significant upside potential in the current gold price environment [2]. - The company plans to update the historical resource estimate and optimize previous engineering studies to advance the project towards production [2]. Mining Rights and Regulations - Calipuy holds 100% interest in 17 mining rights associated with the Pico Machay Project, all of which are in good standing and valid until 2039 if production has not commenced [5]. - There is a 1% Net Smelter Return royalty on the El Alcatraz 4 concession, which is perpetual and covers all metals [6]. Community Engagement - Xali Gold aims to engage with the local Santa Ana community to advance the Pico Machay Project under a mutually beneficial framework [10].
Panoro Minerals Ltd. Announces Closing of Final Tranche of Brokered LIFE Offering for Gross Proceeds of C$520,000
Globenewswire· 2025-12-23 14:29
Core Viewpoint - Panoro Minerals Ltd. has successfully closed the second tranche of its private placement, raising a total of C$3,438,200 to fund its Cotabambas Copper-Gold-Silver project and for general corporate purposes [1][3]. Group 1: Offering Details - The second tranche of the offering generated gross proceeds of C$520,000 from the sale of 1,300,000 units at a price of C$0.40 per unit [1]. - The total amount raised from the offering was C$3,438,200 from the sale of 8,595,500 units [1]. - Each unit consists of one common share and one common share purchase warrant, with warrants allowing the purchase of shares at C$0.60 until November 21, 2028 [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for infill drilling, metallurgical testing, pre-feasibility engineering, and an updated preliminary economic assessment for the Cotabambas Project [3]. - Additional funds will be used for working capital and general corporate purposes [3]. Group 3: Regulatory and Agent Information - The offering was conducted under the listed issuer financing exemption, allowing the units to be issued to Canadian purchasers [4]. - Red Cloud Securities Inc. acted as the lead agent, with Cormark Securities Inc. as co-agent, receiving a 6.0% cash commission on the gross proceeds [5]. Group 4: Company Objectives - Panoro is focused on completing technical objectives, including project optimization studies that will contribute to a preliminary economic assessment for the Cotabambas Project [8]. - The company is also engaged in discussions regarding potential strategic alternatives to advance the project into construction and operation [8].
TomaGold Intercepts 6.68% ZnEq (1.57 g/t AuEq) over 48.05 Metres, including 39.03% ZnEq (9.15 g/t AuEq) over 2.90 Metres at Berrigan Mine and Identifies a Major Hydrothermal Footprint
Businesswire· 2025-12-22 10:00
Core Insights - TomaGold Corporation announced initial assay results from drill holes TOM-25-009 and TOM-25-010 at the Berrigan Mine project, confirming high-grade gold-bearing polymetallic vein systems within an extensive mineralized envelope [1][2] - The drilling campaign aims to test historical mineralized structures and explore new potential mineralization at depth, with a total of seven holes planned for 3,098 meters [1][2] Company Developments - CEO David Grondin highlighted a significant 39% ZnEq intersection in hole TOM-25-009, reinforcing geological understanding of the Berrigan Mine project [2] - The company is advancing a comprehensive litho-structural and geophysical compilation for its Chibougamau mining camp projects, utilizing AI modeling to refine targeting for upcoming exploration campaigns [2] - Additional geophysical work has been completed to enhance gold and polymetallic targeting for the winter 2026 exploration campaign [2] Drilling Results - The mineralization at Berrigan Mine is primarily associated with carbonatized ultramafic rocks, with low-grade halos identified in visually non-mineralized samples, increasing the potential volume of the mineralized envelope [2] - A borehole EM survey is being conducted to guide future deep drilling, ensuring comprehensive analysis of previously unsampled sections [2] Future Plans - Next steps include receiving assay results in January 2026 for five additional holes, integrating EM and core assay data into the resource model, and planning a field exploration program [3] - Phase 2 drilling will be planned following the compilation of Phase 1 drilling and geophysical data [3] Project Background - The Berrigan Mine property consists of 16 claims totaling 483 hectares, located 4 km north-northwest of Chibougamau, with TomaGold having an option to acquire 100% of the property [7] - Historical estimates indicate 1,388,915 tonnes of material grading 3.17% Zn and 1.77 g/t Au on the main Berrigan Mine zone, although these estimates are not classified as current mineral resources [8][9]
Galantas Gold Provides Update on Acquisition of RDL Mining Corp. and Brokered Financing
Globenewswire· 2025-12-19 19:53
Core Viewpoint - Galantas Gold Corporation is progressing with the acquisition of RDL Mining Corp and a private placement offering, with both expected to be completed in 2025 [2][3]. Acquisition and Transaction Details - The acquisition involves all issued and outstanding shares of RDL Mining Corp, with the company working to satisfy closing conditions, including TSX Venture Exchange approval [2][3]. - The private placement offering is priced at $0.08 per unit, led by Canaccord Genuity Corp and Haywood Securities Inc [2]. Indiana Project Option - Upon completion of the transaction, Galantas will hold an option to acquire a 100% interest in the Indiana gold/copper project in Chile, requiring total payments of US$15 million over five years [4]. - The first payment of US$500,000 is due in Q4 2025, followed by payments of US$1 million in the first two years, US$2 million in years three and four, and a final payment of US$8.5 million in year five [4]. Lease Agreement - Until the option is exercised, RDL will lease the Indiana Project from the current owner, Indiana Limitada, with payments not credited as option payments [5]. Historical Mineral Resources - The Indiana Project has a historical inferred mineral resource estimate of approximately 714,600 ounces of gold equivalent, based on 4,546,300 tonnes averaging 4.89 parts per million AuEq [7]. - The estimate is supported by a technical report prepared in accordance with NI 43-101 standards [7]. Offering Update - The company plans to utilize the "part and parcel pricing exception" for gross proceeds of $10 million specifically allocated for the transaction [13]. - Adjustments to the offering price may occur after the common shares resume trading, requiring TSXV approval [13]. Additional Exploration - Since the 2013 Technical Report, approximately 1,500 meters of exploration drifts have been excavated, and 960 meters of core were drilled in 2020 [12]. Company Overview - Galantas Gold Corporation is a Canadian public company trading on the TSX Venture Exchange and the London Stock Exchange AIM market, focusing on expanding gold production and resources [19].
INTEGRA DELIVERS ROBUST FEASIBILITY STUDY FOR DELAMAR GOLD-SILVER HEAP LEACH PROJECT HIGHLIGHTING IMPROVED ECONOMICS AND REDUCED DEVELOPMENT RISK
Prnewswire· 2025-12-17 23:33
Core Insights - Integra Resources Corp. announced the results of its Feasibility Study for the DeLamar Gold and Silver Heap Leach Project, highlighting robust project returns and a strong economic profile [1][3][4] Feasibility Study Highlights - The project has an after-tax net present value (NPV) of $774 million at base case metal prices and $1.7 billion at spot prices, with internal rates of return (IRR) of 46% and 89% respectively [3][6] - The mine life is extended to 10 years with total life-of-mine production of 1.1 million ounces of gold equivalent [3][6] - Average production is projected at 119 thousand ounces of gold equivalent per year during the first five years, with cash costs below industry averages [3][6] Project Economics - Initial capital costs are estimated at $389 million, with sustaining capital of $305 million over the life of the mine [3][6] - The project has a base case NPV-to-capex ratio of 2.0 and a payback period of 1.8 years, improving to 4.4 and 1.1 years at spot prices [3][6] - Average after-tax free cash flow is projected at $165 million during the first five years [3][6] Community and Environmental Impact - The project is expected to create approximately 300 direct permanent jobs and has garnered local support through engagement with community stakeholders [3][4][5] - A simplified project layout and enhanced water management strategy are anticipated to facilitate permitting advantages [3][5] Mining and Processing Details - The operation will utilize conventional open-pit mining methods with a low strip ratio of 0.54:1, focusing on high-grade ore from the Florida Mountain deposit initially [3][26] - The updated two heap leach configuration aims to improve constructability and operational flexibility while managing environmental impacts [3][29] Infrastructure and Capital Costs - The project will leverage existing infrastructure from the historical DeLamar mine, minimizing new construction needs [36][37] - Capital cost estimates are based on vendor-supported pricing and recent costs from Integra's Florida Canyon mine [46][48]