Torex Gold Reports Promising Drill Results from Media Luna WestResults support declaration of an inaugural Inferred Resource with the annual updateDecember 01, 2025 6:00 PM EST | Source: Torex Gold Resources Inc.(All amounts expressed in U.S. dollars unless otherwise stated)Toronto, Ontario--(Newsfile Corp. - December 1, 2025) - Torex Gold Resources Inc. (the "Company" or "Torex") (TSX: TXG) (OTCQX: TORXF) is pleased to provide results from the 2025 drilling program at Media Luna West, which s ...

Core Viewpoint - NorthWest Copper Corp. announced positive drill results from its Kwanika project, confirming the presence of higher-grade copper-gold mineralization and enhancing the project's open pit potential [1][2][3]. Group 1: Drill Results - Drill hole K-25-281 reported an intercept of 26 metres grading 0.72% Cu and 1.30 g/t Au, with a copper equivalent (CuEq) of 1.91% [1]. - Drill hole K-25-282 showed 75.7 metres of 0.93% Cu and 0.30 g/t Au, with a CuEq of 1.23% [4][20]. - Both holes demonstrated broad intervals of near-surface mineralization, indicating strong potential for a high-grade starter pit [2][4]. Group 2: Strategic Focus - The company shifted its strategy in 2025 to prioritize higher-grade zones within the existing mineralization at Kwanika, aiming to enhance the economics of a future Preliminary Economic Assessment (PEA) [3][7]. - The exploration program is designed to confirm and expand the understanding of higher-grade copper-gold mineralization, supporting alternative bulk mining methods [7][6]. Group 3: Geological Insights - Hole K-25-281 extended the upper Central Zone by 30 metres to the northeast, confirming higher-grade mineralization over substantial thicknesses [5][16]. - A potential link between the Central Zone and Pit Zone was identified, with increasing gold-to-copper ratios observed [6][19]. - Hole K-25-282 confirmed a separate, copper-dominant high-grade mineralized zone within the Pit Zone, which may extend toward the Central Zone [19][17]. Group 4: Future Plans - The company anticipates announcing initial metallurgical test results by the end of the year, which will support an updated mineral resource estimate [3]. - The objective is to deliver a more capital-efficient and economically robust development plan in the updated PEA compared to the previous assessment [3].

Core Viewpoint - Orecap Invest Corp. has entered into a strategic agreement with Mistango River Resources Inc. to advance the high-grade McGarry Gold Project, allowing Orecap to retain significant ownership while unlocking capital investment for exploration and development [1][2]. Agreement Structure - The agreement allows Stardust to earn up to a 75% interest in the McGarry Project through a two-stage option process [3][6]. - Option 1 requires Stardust to complete $13 million in commitments over four years, including cash payments and work obligations focused on updating mineral resource estimates and aggressive drilling campaigns [3][5]. - Upon completion of Option 1, a 50/50 Joint Venture will be formed with Stardust as the operator [6]. Financial Implications - If Option 2 is exercised, Stardust can acquire an additional 25% interest for a $50 million cash payment, which aligns with previous valuations for similar land packages [6][7]. - The initial $12.5 million work program will be fully funded by Stardust, allowing Orecap to benefit from exploration without diluting its balance sheet [7]. Tailings Reprocessing Opportunity - The McGarry property includes historic tailings from the Kerr Addison operation, which produced 11 million ounces of gold at an average grade of 9 g/t [8]. - The potential for early-stage gold recovery from these tailings could significantly enhance the project's economics [8]. Strategic Positioning - Orecap is a significant shareholder of Mistango, owning 24.7 million shares (13.9%), which strengthens the alignment between the two companies [9][10]. - The McGarry project is strategically located near major operators and active developers, enhancing its district-scale value [10][12]. Governance and Compliance - The transaction is classified as a Non-Arm's Length Transaction under TSXV policies, requiring approval from disinterested shareholders and a formal valuation [13][14]. - Orecap expects to seek disinterested shareholder approval for the transaction, with a special meeting anticipated in early 2026 [14].

Core Insights - Alkane Resources Limited has reported significant drilling results from its Tomingley Gold Operations, indicating potential resource expansion and high-grade gold intercepts [6][7][12] Drilling Results - The McLeans Inferred Resource has shown promising results with notable intercepts such as: - MCLUG013D: 26 metres grading 4.36 g/t Au from 112 metres, including 3.3 metres grading 22.8 g/t Au [13] - MCLUG012D: 10.7 metres grading 2.09 g/t Au from 105 metres [13] - MCLUG011D: 8 metres grading 2.33 g/t Au from 113 metres, including 0.8 metres grading 14.4 g/t Au [13] - Additional significant intercepts from the Eastern Andesite include: - MCLUG010D: 0.5 metres grading 38.9 g/t Au from 332.5 metres [14] - MCLUG007D: 8 metres grading 2.67 g/t Au from 293.2 metres, including 3.1 metres grading 4.52 g/t Au [14] Resource Estimation - The Inferred Resource at McLeans is estimated at 0.87 million tonnes grading 2.51 g/t gold for 70,000 ounces [12] - The drilling program has improved the confidence in the resource estimation by reducing the drilling pattern from 80m x 80m to 40m x 60m [14] Roswell Drilling Program - An intensive underground diamond core drilling program at the Western Monzodiorite domain at Roswell has confirmed multiple high-grade gold intercepts, including: - ROSGT001D: 9.3 metres grading 3.88 g/t Au from 157.9 metres, including 1.1 metres grading 10.5 g/t Au [18] - ROSUG440D: 6.5 metres grading 8.03 g/t Au from 166.5 metres, including 0.9 metres grading 37.3 g/t Au [19] Future Exploration Plans - Further drilling is planned to test both the Eastern and Western Andesite hosts at McLeans and to include the discovered Western Andesite into the resource estimation [15] - Surface exploration drilling is set to commence in November 2025 to explore additional underground potential [20]

Core Insights - Tocvan Ventures Corp. has announced the discovery of two new mineralized targets within the North Block of its Gran Pilar Gold-Silver Project in Sonora, Mexico, which indicates significant potential for high-grade gold and silver resources [1] Company Developments - The new findings expand the mineralized footprint in the North Alteration Zone, highlighting the exploration success and potential for further resource development [1]

Core Viewpoint - Walker River Resources Corp. has announced promising assay results from its ongoing reverse circulation drill program at the Lapon Canyon portion of the Lapon Gold Project, indicating significant gold mineralization and potential for further exploration [1][4][13]. Summary by Sections Drill Results - Drill hole LC-25-150 returned 3.35 g/t Au over 64.0 meters, including 8.01 g/t Au over 19.9 meters, demonstrating robust gold mineralization [4]. - Drill hole LC-25-156 returned 2.17 g/t Au over 86.9 meters, including 21.8 g/t Au over 4.6 meters [4]. - Other notable results include: - LC-25-146: 2.02 g/t Au over 57.9 meters - LC-25-154: 1.38 g/t Au over 68.6 meters, including 2.29 g/t Au over 15.2 meters - LC-25-152: 1.05 g/t Au over 45.7 meters [3][4]. Exploration Focus - The 2025 drill program at Lapon Canyon is focused on exploration and resource definition, with plans to infill the existing Hotspot deposit and explore extensions along strike and downdip [7]. - Drilling has confirmed that gold mineralization extends to the south and east of the Hotspot, indicating the presence of multiple bedrock units beyond the previously interpreted altered granite [9]. Geological Insights - The gold system is largely sub-horizontal to moderately south-dipping, with evidence of steeply dipping, high-grade shoots within broader mineralized zones [8]. - Recent drilling results suggest significant gold mineralization within diorite, monzonite, and granite, expanding the growth potential of the Lapon Canyon Project [9]. Project Overview - The Lapon Gold Project consists of 147 claims covering 2940 acres in Nevada's Walker Lane shear zone, with easy accessibility and proximity to infrastructure [19]. - The project includes various claims with historical mining areas, indicating potential for further exploration and discovery [20]. Future Plans - Ongoing work includes data compilation, interpretation, and resource modeling, with further drill results expected as exploration continues [13][14].

Core Insights - Nevada Canyon Gold Corp. announced additional drill results from the 2025 reverse circulation drill program at the Lapon Canyon Gold Project, indicating significant gold mineralization and potential resource growth [1][4][22] Drill Program Overview - The 2025 drill program at Lapon Canyon focuses on resource definition, with drilling both infill and offset along the Hotspot Zone and exploring a new upper drill road extension [2] - Drilling has confirmed that gold mineralization extends to the south and east of the Hotspot Zone, hosted in multiple bedrock units beyond the previously known altered granite [3] Significant Findings - Recent drill results show substantial gold mineralization in various rock types, including granodiorite, diorite, monzonite, and biotite-granite, with notable copper sulphide (chalcopyrite) observed [3] - The geometry of the gold system is largely sub-horizontal, with steeply dipping high-grade shoots indicating the potential for discovering new mineralized zones [3] Drill Results Highlights - Significant drill results include: - Hole LC-25-149: 2.35 g/t Au over 45.7 m starting at 126.5 m [5][6] - Hole LC-25-142: 1.62 g/t Au over 45.7 m starting at 112.8 m [5][6] - Additional notable results from other drill holes, with various intervals showing gold grades above 1 g/t [6][7] Future Prospects - The ongoing work at Lapon Canyon includes data compilation, interpretation, and resource modeling, aiming to complete an initial NI 43-101 compliant mineral resource [18] - Further drill results are anticipated, with ongoing fieldwork and drilling [18]

Group 1 - Gold Port Corporation has selected Jaisingh's Equipment Rental for the construction of road access to the Groete Gold Copper Project, which involves approximately 13 kilometers of dirt road access along with bridge and drainage construction [1] - The completion of site access will allow the company to deploy its new MP Power track mounted core rig to initiate the drill program [1] - Gold Port Corporation is focused on enhancing the NI 43-101 gold deposit at the Groete Project, aiming for a higher-grade lower tonnage resource [2] Group 2 - The Groete Project was last explored in 2012, resulting in an Inferred Mineral Resource of 1.57 million gold equivalent ounces within 74 million tonnes, at a grade of 0.66 grams per tonne gold equivalent [2] - The calculation of the Inferred Mineral Resource used a cut-off grade of 0.25 gold equivalent grams per tonne, with gold priced at US$1,275 per ounce and copper at US$3.00 per pound [2] - Detailed information regarding the Mineral Resource is available in a National Instrument 43-101 report by P&E Mining Consultants Inc., dated April 16, 2019 [2]

Core Insights - Pacific Ridge Exploration Ltd. has provided a drilling update for its Kliyul and RDP copper-gold projects located in British Columbia's Golden Horseshoe [1] - The drilling program aims to expand resources and confirm mineralization at both projects [1] Drilling Highlights - At Kliyul, two drill holes totaling 1,287 meters were completed, focusing on infill and resource expansion at the Kliyul Main Zone, which has an Inferred Mineral Resource of 334.1 million tonnes grading 0.33% copper equivalent [4][8] - At RDP, five drill holes totaling 2,156 meters were completed, targeting the Day area, which previously returned significant results, including a 107.2-meter interval grading 1.39% CuEq [4][8] Kliyul Project Details - The first drill hole KLI-25-070 tested a 130-meter gap and intersected chalcopyrite and bornite mineralization [9] - The second drill hole KLI-25-071 confirmed extensions of copper-gold mineralization within the resource estimate pit shell [10] RDP Project Details - The 2025 drill program at RDP focused on confirming the geometry of the porphyry Cu-Au-Ag mineralization [17] - Drill hole RDP-25-011 extended mineralization to the north of RDP-22-005 by at least 50 meters, with mineralization still open [19] - RDP-25-012 and RDP-25-013 confirmed the tabular geometry of the mineralization, with copper-sulphide mineralization intersected to a vertical depth of 500 meters [22] Company Overview - Pacific Ridge aims to become a leading copper exploration company in British Columbia, with Kliyul as its flagship project [28] - The company also holds several other copper-gold projects in the region, including RDP, Chuchi, Onjo, and Redton [28]

Core Viewpoint - Canter Resources Corp. has announced a non-brokered private placement to raise up to $1,050,000 through the issuance of units priced at $0.20 each, aimed at advancing its lithium-boron projects in the U.S. [1][3] Group 1: Private Placement Details - The private placement will consist of up to 5,250,000 units, each unit comprising one common share and one-half of a transferable common share purchase warrant [1] - Each whole warrant will be exercisable to purchase one additional share at a price of $0.26 for two years from issuance [1] - The placement is arranged with strategic investors under 12-month lockup agreements [2] Group 2: Use of Proceeds - The net proceeds from the private placement will be utilized to advance the Columbus Lithium-Boron Project and the Railroad Valley Lithium-Boron Project, evaluate additional projects, and for general working capital [3] Group 3: Company Overview - Canter Resources Corp. is focused on lithium-boron exploration in the U.S., specifically advancing its Columbus and Railroad Valley projects in Nevada [4] - The company is employing a phased drilling approach to test brine targets for lithium-boron enrichment [4] - Canter aims to leverage its critical metals targeting database to develop a portfolio of high-quality projects supporting technology and clean energy supply chains in North America [4]