Mineral Resource Expansion

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ATEX Drills New Highest-Grade Intercept in First Phase VI Drill Hole Hitting 164 Metres of 2.72% CuEq Including 40 Metres of 4.73% CuEq in the B2B Zone
Newsfile· 2025-10-21 11:00
Core Insights - ATEX Resources Inc. has reported exceptional initial results from its Phase VI drill campaign at the Valeriano Copper-Gold Project, with drill hole ATXD25C intersecting 164 meters of 2.72% copper equivalent (CuEq), including 40 meters of 4.73% CuEq, marking the highest-grade intercept to date in the B2B Zone [1][2][3] Drill Results - Drill hole ATXD25C intersected 164 meters of 2.72% CuEq, comprising 1.69% copper and 0.97 g/t gold, with notable intervals of 86 meters at 3.77% CuEq and 40 meters at 4.73% CuEq starting from 1,558 meters downhole [3][4] - The results indicate a broader intercept of 528 meters at 1.32% CuEq from 1,302 meters downhole, suggesting potential for increased grade in the B2B Zone [3][4] - The B2B Zone remains open in all directions, highlighting the potential for further mineral resource expansion [3][4] Phase VI Drill Program - The Phase VI drill program is fully operational with six rigs targeting approximately 25,000 meters of exploration, which commenced six weeks earlier than the previous Phase V program, reflecting improved operational efficiency [9] - The primary objective is to further define the high-grade B2B Zone, which has shown record initial results, potentially enhancing the overall grade profile of the Valeriano Project [9] Future Exploration - Additional drill holes, including ATXD26B, ATXD23A, and ATXD30, are currently in progress, targeting high-grade mineralization and new discovery areas, with assay results pending [10][12] - The ongoing exploration aims to confirm high-grade mineralization along strike and test untested geophysical anomalies, indicating a strategic focus on expanding the resource base [10][12] Company Overview - ATEX is exploring the Valeriano Copper-Gold Project located in the Atacama Region, Chile, which is part of an emerging copper-gold porphyry mineral belt [14] - The project hosts a significant mineral resource, with an indicated resource of 475 million tonnes at 0.88% CuEq and an inferred resource of 1,511 million tonnes at 0.75% CuEq, as reported on September 23, 2025 [14]
Abitibi Metals Expands B26 Mineralization: 150m Step-Out Confirms Continued Growth in the Western Down-Plunge
Newsfile· 2025-10-17 11:00
Abitibi Metals Expands B26 Mineralization: 150m Step-Out Confirms Continued Growth in the Western Down-PlungeOctober 17, 2025 7:00 AM EDT | Source: Abitibi Metals Corp.Highlights: 150m Step-Out Confirms Expansion Potential: Drill hole 1274-25-373-W1 intersected approximately 27 metres of mineralization, including a visually identified potential high-grade core of 7.3 metres of strong copper-gold stringer-style mineralization. This intersection extends well beyond the current resource boundary ...
Eloro Resources Ltd. Intersects the Longest Zinc Interval to Date at its Iska Iska Project, Potosí Department, Bolivia with 456 Metres Grading 1.72% Zn including 190.5m grading 2.35% Zn in Hole DSB-88
Globenewswire· 2025-10-09 11:00
Core Viewpoint - Eloro Resources Ltd. has announced promising assay results from its ongoing diamond drilling program at the Santa Barbara zone of the Iska Iska project, indicating significant mineralization and potential for resource expansion [2][4][32]. Summary by Sections Drilling Results - The company reported assay results from two step-out drill holes, DSB-88 and DSB-89, which are part of the second phase of the definition drilling program. A total of 6,756 meters of diamond drilling has been completed in fourteen holes, with significant results indicating the deposit is open to the east [2][4]. - DSB-88 intersected 1.72% Zn over 456 meters, marking the longest zinc interval discovered to date at Iska Iska, while DSB-89 showed multiple higher-grade intervals, including 74.64 g/t Ag and 0.81% Pb over 13.50 meters [5][8]. Mineral Resource Expansion - The recent drilling results are expected to contribute to both the expansion and upgrading of the mineral resource for the upcoming Preliminary Economic Assessment (PEA). The definition drill program has successfully extended the footprint of both the higher-grade Sn-Ag domain to the west and the Ag-Zn-Polymetallic domain to the east [4][32]. - The company has identified two giant near-surface mineral deposits that can potentially be mined from one large starter pit with a relatively low stripping ratio [4][32]. Technical Insights - The assay results from DSB-88 and DSB-89 are among the most robust mineralized intersections to date in the definition drill program at the Santa Barbara zone, reinforcing the exploration strategy of the Eloro technical team [4][32]. - The mineralization at Iska Iska is associated with a Miocene caldera and is similar in age to other major deposits in the region, indicating a significant geological potential [20][24]. Project Overview - The Iska Iska project is a road-accessible, royalty-free property located in southern Bolivia, with Eloro having an option to earn a 100% interest in the property [18][19]. - The project is characterized as a polymetallic epithermal-porphyry complex, which is a significant mineral deposit type in the Potosi Department [33].
INTEGRA ANNOUNCES RESULTS FROM NEAR-MINE OXIDE GOLD DRILLING AT FLORIDA CANYON; INITIAL DUMP VOLUME AND GRADE ESTIMATES UNDERSCORE NEAR-TERM GROWTH POTENTIAL
Prnewswire· 2025-10-09 10:30
Core Viewpoint - Integra Resources Corp. has announced positive results from its 2025 growth drilling program at the Florida Canyon Mine in Nevada, aimed at expanding mineral resources and reserves, extending mine life, and enhancing overall value [1][5]. Group 1: Drilling Program Overview - The 2025 growth drilling program includes 16,000 meters of reverse circulation and sonic drilling, focusing on three main areas: near-surface oxide potential, expanding in-situ resources between existing pits, and testing lateral extensions [2][4]. - Approximately 13,000 meters of drilling has been completed to date [2]. Group 2: Near-Surface Oxide Potential - The drilling targets historical low-grade gold-mineralized waste material, which was previously uneconomic at lower gold prices, presenting a significant opportunity to increase mineral resources and potentially extend mine life [4][7]. - Initial results from the South Mine Dump show consistent gold grades, with top intercepts including 0.21 g/t Au over 73.2 meters and 0.20 g/t Au over 68.6 meters [4][17]. - Preliminary estimates suggest a combined potential volume of 34 to 56 million tonnes from the North and South Dumps, with grades ranging from 0.11 to 0.25 g/t Au [5][14]. Group 3: In-Situ Resource Expansion - The program also targets "saddle" and "ridge" areas between existing open pits, which have been sparsely drilled and show potential for significant resource growth [14][15]. - Notable intercepts from these areas include 0.48 g/t Au over 76.2 meters and 0.81 g/t Au over 76.2 meters [17][18]. - Approximately 16% of drill intercepts within the Radio Tower Pit exceed the current cut-off grade of 0.14 g/t Au, indicating strong grade continuity [17]. Group 4: Future Plans and Expectations - The results from the 2025 drill program are expected to support an updated mineral resource and reserve estimate, along with a revised life-of-mine plan in the first half of 2026 [5][14]. - The company aims to demonstrate growth potential formally in 2026, highlighting the opportunity for meaningful returns for shareholders [5][19].
Thesis Gold Drills 89.3 Metres of 1.10 Grams per Tonne Gold to Extend Mineralization at the Bingo Zone
Prnewswire· 2025-10-06 10:30
Core Viewpoint - Thesis Gold Inc. has announced promising drill results for the 2025 season and the completion of an 86 line-kilometer Induced Polarization (IP) geophysical survey at its Lawyers-Ranch Project, indicating significant exploration potential and resource expansion opportunities [1][3][4]. Exploration and Drilling Results - The company focused on resource expansion at the Bingo zone, with drilling results indicating high-sulfidation mineralization and the potential for further growth in the resource base [2][5][7]. - Drillhole 25BNGDD001 intersected 0.73 grams per tonne gold, 2.17 grams per tonne silver, and 0.35% copper over 13.61 meters, with a deeper interval showing 80.02 grams per tonne silver and 0.47% copper [5][9]. - Drillhole 25BNGDD002 revealed 89.30 meters of 1.10 grams per tonne gold from surface, including a 12.00-meter interval of 2.31 grams per tonne gold, indicating mineralization extending beyond current resource models [5][9]. Economic Assessment - The 2024 Preliminary Economic Assessment (PEA) highlighted strong project economics, with an after-tax NPV (5%) of C$1.28 billion and an IRR of 35.2%, suggesting significant value creation potential [2][4][14]. - The company plans to update project economics in Q4 2025 with the results of a Prefeasibility Study (PFS) [3][4]. Geophysical Survey Insights - The recent IP survey has identified several new targets, enhancing the understanding of previously untested areas within the project [5][6]. - The survey covered 86.1 line-kilometers and is expected to provide important context for future exploration efforts [5][6]. Management Commentary - The President and CEO emphasized the project's potential beyond the 2024 PEA, highlighting the ongoing exploration efforts and the promising results from the Bingo zone [4][14].
AbraSilver Drilling at Diablillos Intercepts Wide Gold Intervals at Oculto East and Broad Silver Intercepts at JAC
Newsfile· 2025-09-30 11:30
Core Insights - AbraSilver Resource Corp. announced new assay results from its ongoing Phase V exploration program at the Diablillos project in Argentina, indicating significant gold and silver mineralization potential [1][3][11] Drill Results Summary - At Oculto East, notable drill results include: - DDH 25-072: 140 m at 0.57 g/t gold, including 8 m at 2.60 g/t gold [5][8] - DDH 25-066: 1 m at 108.9 g/t gold and 18 m at 0.97 g/t gold [5][8] - DDH 25-069: 24 m at 1.02 g/t gold [5][8] - At the JAC zone, significant silver mineralization was reported: - DDH 25-053: 29 m at 65 g/t silver, including 7 m at 108 g/t silver [5][11] - DDH 25-058: 32 m at 100 g/t silver, including 2 m at 400 g/t silver [5][11] Exploration Potential - The results from Oculto East and JAC highlight the potential for expanding both gold and silver resources beyond the current conceptual open pit boundaries, indicating strong continuity and scale of mineralization [3][11][9] - The ongoing exploration efforts have outlined multiple occurrences of silver-gold oxide mineralization, demonstrating the growth potential of shallow, oxide-hosted resources [17][25] Project Overview - The Diablillos property is located in the Puna region of Argentina, comprising 15 contiguous mineral concessions with excellent year-round access [16][25] - The current Measured and Indicated Mineral Resource estimate for Diablillos includes approximately 73.1 million tonnes grading 79 g/t silver and 0.66 g/t gold, with significant upside potential based on recent drilling [25][18]
CEO.CA's Inside the Boardroom: Cascadia Gets 10-Year Exploration Permit, Starts 4,000m Diamond Drill Program at Carmacks Project
Newsfile· 2025-09-26 16:54
Core Insights - Cascadia Minerals Ltd. has received a 10-year exploration permit for its Carmacks copper-gold project, allowing for an aggressive expansion strategy [4] - The company aims to double its copper resource to over 1 billion pounds and target between 500,000 to 1 million ounces of gold [4] Company Overview - Cascadia Minerals Ltd. is actively involved in the mining sector, particularly focusing on copper and gold exploration [4] - The acquisition of Granite Creek Copper has provided the company with 100% control of the road-accessible Carmacks project [4] Industry Context - The mining industry is witnessing increased interest in exploration activities, particularly for copper and gold, driven by rising demand and potential resource discoveries [4]
Signature Resources Refines 2025 Fall Drilling Targets Using 3D IP Survey, Announces Equity Raise
Newsfile· 2025-09-25 12:26
Core Viewpoint - Signature Resources Ltd. is advancing its exploration efforts at the Lingman Lake Property with a proposed diamond drill hole program for fall 2025, aiming to expand its mineral resource base and raise equity financing to support these initiatives [1][2][3]. Drilling Program - The company plans to drill six diamond drill holes totaling approximately 3,000 meters, targeting areas identified through historical drilling and geophysical surveys [1][2]. - The 3D IP survey has revealed anomalies that correlate with known mineralized zones, particularly focusing on the West Zone, which is 590 meters west of previous drill holes [2][4]. - The fall drilling program aims to extend the resource along the east-west strike and test the depth of mineralization below the currently defined resource [8]. Equity Financing - Signature Resources is undertaking a non-brokered private placement of flow-through units and non-flow-through units for gross proceeds of up to C$3,000,000, with insiders expected to subscribe for at least 20% of the offering [3][20]. - Each flow-through unit is priced at C$0.06 and includes one common share and one half of a common share purchase warrant, while non-flow-through units are priced at C$0.055 [21]. - Proceeds from the offering will primarily fund the 2025 fall drilling program, with additional funds allocated for loan repayment and general working capital [22]. Geophysical Surveys - A geophysical interpretation report from a 3D Alpha IP survey identified numerous anomalies, indicating potential mineralization in areas previously untested by drilling [4][7]. - The survey covered an area of 3 km by 1.6 km to a depth of 600 meters, mapping chargeability, resistivity, and magnetic field intensity responses associated with gold mineralization [4][8]. Related Party Loan - The company has amended a loan agreement with a related party, extending the maturity date to October 30, 2025, with the loan provided on a non-cost basis [23][24]. - The company anticipates repaying the loan through future equity financings, ensuring compliance with TSXV Policy 5.9 and MI61-101 [24]. Company Background - The Lingman Lake gold property encompasses approximately 24,821 hectares and includes historical mining infrastructure, with over 43,222 meters of drilling conducted on the property [29].
Aftermath Silver Outlines Drill Plan for Challacollo Silver-Gold Project, Chile
Newsfile· 2025-09-23 12:30
Core Viewpoint - Aftermath Silver Ltd. is initiating a drilling program at the Challacollo Ag-Au project in northern Chile, aiming to expand its silver resource and enhance its exploration portfolio [1][3]. Planned Drilling - The company plans to conduct an initial 7 to 10-hole diamond core drilling program in Q4 2025, totaling up to 2,000 meters [2]. - The main objectives include expanding the existing resource by extending known veins, testing previously untested veins, and obtaining supplementary geological and metallurgical information [3]. Project Overview - The Challacollo project is located in Region I, northern Chile, approximately 130 km southeast of Iquique and 50 km south of Pica, with access via Teck Resources' Quebrada Blanca Copper Mine road [4]. - The project includes water rights and is serviced by high voltage power transmission lines located 15-30 km away [4]. Mineral Resource Estimate - The mineral resource estimate for the Challacollo project includes: - Total of 6,640 Kt with 165 g/t silver and 0.27 g/t gold, equating to 35,150 Koz silver and 58 Koz gold in the indicated category [5]. - Inferred resources total 2,803 Kt with 124 g/t silver and 0.17 g/t gold, equating to 11,144 Koz silver and 15 Koz gold [5]. Exploration Targets - Specific drilling targets include: - Lolón North: targeting the main vein at a vertical depth of 60 meters [6]. - Lucy North: targeting silver-bearing veins west of the main vein [6]. - Palermo North: targeting a replacement breccia with significant silver values [6]. - Millsite vein: testing for a structurally downthrown vein offset to the east of Lolón [6]. Company Background - Aftermath Silver Ltd. is a Canadian junior exploration company focused on silver and critical metals, aiming to deliver shareholder value through the discovery and development of quality mineral projects [8][11]. - The company also holds a 100% interest in the Berenguela Silver-Copper-Manganese Project in Peru, which is currently undergoing engineering studies [9][10].
Osisko Gaspé Expansion Hole Intersects 133.7 Metres Averaging 1.04% Cu
Globenewswire· 2025-09-18 10:00
Core Viewpoint - Osisko Metals Incorporated has announced new high-grade drill results from the Gaspé Copper Project, indicating significant growth potential in the deposit, particularly around the E Zone horizon [2][12]. Summary by Relevant Sections Drill Results - The latest drilling program has revealed 26 mineralized intercepts from six new drill holes, with infill intercepts aimed at upgrading inferred mineral resources to measured or indicated categories, while expansion intercepts may lead to additional resources [4][5]. - Notable drill holes include: - **30-1106**: 39.0 meters averaging 0.40% Cu and 3.58 g/t Ag [6][10]. - **30-1109**: 133.7 meters averaging 1.04% Cu and 6.48 g/t Ag [6][11]. - **30-1110**: 1091.5 meters averaging 0.20% Cu, confirming continuity of mineralization [13]. - **30-1111**: 304.5 meters averaging 0.17% Cu, extending mineralization to a vertical depth of 936 meters [14]. Mineralization Characteristics - The Gaspé Copper mineralization is characterized as porphyry copper/skarn type, with significant occurrences of chalcopyrite, pyrite, and molybdenite [15]. - Historical mining terms such as "porcellanite" are used to describe the altered host rock, which contains the bulk of the disseminated copper mineralization [15]. Resource Expansion Plans - The current drill program aims to convert the November 2024 Mineral Resource Estimate (MRE) to Measured and Indicated categories and to explore deeper and lateral expansions towards Needle East and Needle Mountain [17]. - The November 2024 MRE indicated 824 million tonnes averaging 0.34% CuEq and inferred resources of 670 million tonnes averaging 0.38% CuEq [25]. Company Overview - Osisko Metals is focused on the critical metals sector, particularly copper and zinc, and has acquired a 100% interest in the Gaspé Copper mine, which is strategically located near existing infrastructure in Québec [25][26].