Highlights: Callinex secured a 2-year exploration permit, valid through June 2027, allowing for ground geophysics and drilling at its Pt. Leamington VMS Deposit, which hosts a large gold, copper, zinc and silver rich mineral resource;Streamlined and expedited exploration permitting highlights the strong government and local support for mining in Newfoundland;Work plans underway to advance the Pt. Leamington deposit by expanding the current resource base through exploration and sampling for metallurgical tes ...

Core Insights - Cygnus Metals Limited has reported high-grade assay results from the Golden Eye prospect within the Chibougamau Copper-Gold Project in Quebec, indicating multiple parallel mineralized zones and significant potential for resource development [2][3][5] Exploration Results - Recent drilling results include: - 4.3m @ 9.8g/t AuEq (7.5g/t Au, 1.6% Cu & 23.9g/t Ag) from LDR-25-10 - 3.3m @ 12.7g/t AuEq (8.4g/t Au, 3.1% Cu & 30.2g/t Ag) from LDR-25-09, including 1.9m @ 21.1g/t AuEq (14.2g/t Au, 4.9% Cu & 47.5g/t Ag) - 2.5m @ 7.3g/t AuEq (5.9g/t Au, 0.9% Cu & 14.9g/t Ag) from LDR-25-10 [3][4][5] Resource Development - The company plans to establish an initial Mineral Resource for Golden Eye, utilizing both recent drilling data and historical data from 77 holes totaling 21,371m [3][5][6] - Significant historic drill intercepts include: - 5.9m @ 34.1g/t AuEq (32.2g/t Au, 1.2% Cu & 27.3g/t Ag) from RD-11 - 4.5m @ 21.6g/t AuEq (14.9g/t Au, 4.7% Cu & 54g/t Ag) from RD-28 [3][9] Infrastructure and Location - Golden Eye is strategically located just 3km from Cygnus' central processing plant, which has a capacity of 900,000tpa, providing significant logistical advantages [2][5][12] - The prospect has existing dual ramp access within 150m of the mineralization, facilitating future development [5][12] Future Plans - Cygnus intends to continue its focus on resource growth through low-risk brownfield exploration, leveraging historical data to identify additional drill targets [6][10] - Exploration drilling is planned at depth to extend mineralization and enhance the pending resource [5][6]

Core Viewpoint - Greenhawk Resources Inc. has entered into an Option and Joint Venture Agreement with 1531323 BC Ltd. to advance the exploration and development of its Greenland properties, specifically the Storø and Qingaaq mineral exploration licenses [1][2]. Financial Terms - Under the Option Agreement, 1531323 BC is granted an option to acquire an 80% interest in the Properties for an upfront payment of $100,000 and a commitment to incur $1,400,000 in expenditures over 24 months [2]. - The expenditure schedule includes a minimum of $450,000 within 6 months, $350,000 within 12 months, $300,000 within 18 months, and $300,000 within 24 months [3]. Project Details - The Storø project covers an area of 12 km² and has an inferred mineral resource estimated at 885,000 tonnes, grading 3.4 g/t Au, totaling approximately 95,000 ounces of gold [4]. - The mineral resource has a cut-off grade of 0.8 g/t Au for open-pit material and 2.5 g/t Au for underground resources [4]. - The Qingaaq license surrounds the Storø project and covers approximately 540 km² [4]. Management and Future Plans - 1531323 BC will manage the operations of the Properties during the Option Agreement period and intends to enter into a management services contract with Greenhawk for advisory support [5]. - Greenhawk is actively pursuing additional property acquisitions and opportunities in the mineral exploration and resources sector [5]. Stock Options - The company has cancelled a total of 8,600,000 stock options, which include options with exercise prices of $0.27 and $0.20, expiring in 2025 and 2026 respectively [6].

Canterra Minerals Step-Out Drilling Hits High- Grade Zone of 6.77% CuEq over 5.35m Beyond Current Buchans Resource, Newfoundland May 20, 2025 7:00 AM EDT | Source: Canterra Minerals Corporation Vancouver, British Columbia--(Newsfile Corp. - May 20, 2025) - Canterra Minerals Corporation (TSXV: CTM) (OTCQB: CTMCF) (FSE: DXZB) ("Canterra" or the "Company") is pleased to announce the first drill hole from its ongoing 10,000 metre ("m") drill program at its 100% owned Buchans Project in the Central Newfoundland ...

Core Insights - Spark Energy Minerals Inc. has reported promising rare earth element (REE) surface sampling results from its Caladão Target within the Arapaima Project in Brazil, indicating significant potential for critical mineral resource exploration [1][4][22] Exploration Highlights - The Caladão Target encompasses approximately 4,000 hectares of exploration tenements, adjacent to Axel REE Limited's project, which is advancing its REE-Gallium discovery [4][10] - Surface sampling results include a peak value of 6,417 ppm Total Rare Earth Oxides (TREO) from 30 stream sediment samples, with 11 samples exceeding 1,000 ppm TREO [4][16] - Soil sampling results show a peak value of 3,041 ppm TREO from 36 samples, with 4 samples reporting values greater than 2,000 ppm TREO and 14 samples exceeding 1,000 ppm TREO [12][13] - Anomalous Gallium values were also reported, with a peak of 94.07 ppm Ga2O3 [13] Geological Context - The geological profile in the Caladão region includes a regolith profile up to 50 meters thick, comprising a ferruginous lateritic horizon rich in Aluminum and Gallium, and a clay-rich saprolite horizon enriched in REE [11][13] - The exploration results from Spark are comparable to those reported by Axel REE during their early exploration phases, reinforcing the potential of the Caladão Granite region as a hub for rare earth mineralization [4][22] Future Plans - Following the encouraging results, the company plans to accelerate its REE exploration activities and advance its lithium targets towards drill testing later in 2025 [18][19] - The company is evaluating follow-up exploration strategies, including auger and air core drilling to further delineate the REE and Gallium potential across the tenement package [19][21] Financial Position - The recent funding arrangement with Sorbie Capital enhances the company's financial position, supporting its dual focus on advancing lithium and REE exploration programs in Brazil [19][22]

New Results Continue to Build on Resource Size12.4 g/t gold over 10.7 m including 27.9 g/t gold over 4.5 m Discovery of a New Exploration Corridor at Depth6.2 g/t gold over 7.8 m CW and 4.4 g/t gold over 16.0 m CW Exploration Driving Production Growth for the Future TORONTO, May 07, 2025 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) is pleased to announce an update on activity at the Fox Complex’s Grey Fox Project. Included in this press release are some of the best drill results we have see ...