Mineral Resource Growth

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Blue Star Announces Completion of Non-Brokered Private Placement
Newsfile· 2025-08-25 23:00
Group 1 - Blue Star Gold Corp. has completed a Private Placement, raising gross proceeds of $1,739,999.90 through the issuance of 1,600,000 flow-through units at $0.15 each and 10,714,285 units at $0.14 each [1] - The company focuses on mineral exploration and development in Nunavut, Canada, with landholdings totaling 300 square kilometers in the High Lake Greenstone Belt [2] - Blue Star owns the Ulu Gold Project and the Roma Project, with a significant high-grade gold resource at the Flood Zone deposit and numerous high-potential exploration targets [2] Group 2 - The company is listed on the TSX Venture Exchange under the symbol BAU, on the U.S. OTCQB under BAUFF, and on the Frankfurt Exchange under 5WP0 [3] - The future deep-water port at Grays Bay is located 40 - 100 km north of the properties, with a proposed route corridor for the all-weather Grays Bay Road passing close to the Roma and Ulu Gold Projects [2]
AbraSilver Extends Gold Zone at Diablillos Project with Additional Broad Intercepts at Oculto East
Newsfile· 2025-08-25 11:30
AbraSilver Extends Gold Zone at Diablillos Project with Additional Broad Intercepts at Oculto EastLatest Results Include 60 m at 1.05 g/t Gold Including 17 m at 2.83 g/t GoldAugust 25, 2025 7:30 AM EDT | Source: AbraSilver Resource Corp.Toronto, Ontario--(Newsfile Corp. - August 25, 2025) - AbraSilver Resource Corp. (TSX: ABRA) (OTCQX: ABBRF) ("AbraSilver" or the "Company") is pleased to announce assay results from three new drill holes from the ongoing Phase V exploration program at its wholl ...
West Red Lake Gold Expands High-Grade Zone in South Austin with 36.85 g/t Au over 6.9m, 92.39 g/t Au over 2m and 8.79 g/t Au over 15.5m
Globenewswire· 2025-08-12 13:07
Core Insights - West Red Lake Gold Mines Ltd. has reported significant drill results from its 100% owned Madsen Mine in the Red Lake Gold District, Ontario, Canada, highlighting the potential for high-grade gold mineralization [1][2][44]. Summary by Sections Drill Results - The South Austin Zone has an Indicated mineral resource of 474,600 ounces grading 8.7 grams per tonne gold, with an additional Inferred resource of 31,800 ounces at the same grade [2][44]. - Recent drilling has confirmed high-grade mineralization, with notable intercepts including 6.9 meters at 36.85 g/t Au and 2 meters at 92.39 g/t Au [7][9][22]. Historical Context - The Madsen Mine's mineral resources are estimated at a cut-off grade of 3.38 g/t Au, based on a gold price of US$1,800 per ounce [5][44]. - The mine currently hosts a National Instrument 43-101 Indicated resource of 1.65 million ounces grading 7.4 g/t Au and an Inferred resource of 0.37 million ounces grading 6.3 g/t Au [44][45]. Geological Insights - The South Austin Zone is characterized by a complex geological structure, with mineralization occurring within broad alteration corridors that have been reactivated during gold mineralization events [26][27]. - High-grade zones are visually identifiable by fine grains of free gold and are associated with strong alteration and veining [29][30]. Future Plans - The ongoing underground drilling program aims to further define near-term mining inventory and expand the current mineral resource, focusing on higher-grade portions of the Austin, South Austin, North Austin, and McVeigh Zones [30][44].
Strong drilling targets identified next to high-grade gold-copper mine
Globenewswire· 2025-08-11 22:48
Core Insights - Cygnus Metals Limited is mobilizing an additional drill rig to explore new high-potential targets adjacent to a historic high-grade mine in the Chibougamau Copper-Gold Project, with a resource update expected next month [1][5][10] - The company is leveraging historical drilling data and innovative AI solutions to identify new drilling targets, which have already shown promising results in previous explorations [2][9] - The Chibougamau area has a rich history of high-grade gold and copper production, with significant unmined resources remaining at the Cedar Bay mine, which could be expanded through systematic exploration [4][8][11] Company Developments - Cygnus is actively processing over 100,000 historical documents to enhance its exploration strategy, which has already yielded successful results at the Golden Eye project [9][10] - The company aims to increase the remaining unmined high-grade resource at Cedar Bay, currently estimated at 130,000 tonnes at 8.9% CuEq indicated and 230,000 tonnes at 8.5% CuEq inferred [8][29] - Recent drilling results from Corner Bay will be incorporated into the upcoming resource update, showcasing significant intersections that highlight the potential for resource growth [10][14] Industry Context - The Chibougamau region is noted for its well-established infrastructure, including a processing facility capable of handling 900,000 tonnes per annum, which positions the project favorably for copper-gold development [11] - The historical production record of the Chibougamau area includes nearly 1 million tonnes of copper and 3.5 million ounces of gold, indicating a strong mining legacy [6][11] - The Cedar Bay mine, which closed in 1990, produced 400,000 ounces of gold and 61,000 tonnes of copper, demonstrating the area's potential for high-grade mineralization [7][8]
Antipa Minerals (AZY) 2025 Earnings Call Presentation
2025-08-05 08:45
Project Overview - Antipa Minerals holds a 100% ownership of the Paterson Province landholding, featuring the Minyari Dome gold-copper development project[1] - The project has a pre-tax NPV7% of A$834 million at a gold price of A$3,000 per ounce[16, 21] - The project has a gold equivalent resource of 2.9 million ounces[21] - The project has a contained gold only resource of 2.4 million ounces[21] Financials and Operations - The initial gold output is projected at 1.3 million ounces, averaging 130,000 ounces per year for the first 10 years[21] - The initial capital cost is estimated at A$306 million, including A$90 million for pre-production mining[21] - The project anticipates a 3 Mtpa throughput for a 10+ year initial processing life[21] - The project has an IRR of 52% pre-tax at a gold price of A$3,000 per ounce[21] Exploration and Resources - The company has A$71 million cash position[16] - The company has a land package of over 4,100km2[16] - The company has a mineral resource of 2.5 Moz of gold, 84,000 t of copper, and 666 koz of silver[16]
Newcore Gold Drilling Intersects 4.41 g/t Gold over 24.0 Metres, including 9.08 g/t Gold over 10.0 Metres, at the Enchi Gold Project, Ghana
Globenewswire· 2025-05-20 10:32
Core Viewpoint - Newcore Gold Ltd. has reported significant drill results from its ongoing 35,000-metre drill program at the Enchi Gold Project in Ghana, highlighting wide zones of higher-grade gold mineralization at the Boin Gold Deposit, indicating strong continuity and potential for resource growth [1][4][15]. Drilling Results - The recent drilling at the Boin Gold Deposit included hole KBRC357, which intersected 4.41 grams per tonne gold over 24.0 metres, with a higher-grade interval of 9.08 g/t Au over 10.0 m [1][5][7]. - Hole KBRC360 intersected 1.58 g/t Au over 52.0 m, including a higher-grade interval of 3.04 g/t Au over 16.0 m [1][5][11]. - A total of 11 RC holes were reported, totaling 2,042 m, with all holes intersecting gold mineralization [4][10][13]. Resource Growth Strategy - The drill program aims to convert Inferred Resources to Indicated, with the first phase focused on resource conversion ahead of a Pre-Feasibility Study [2][15]. - The second phase will target discovery and resource growth, including deeper exploration and earlier-stage targets [2][15]. Project Potential - The company believes that the current drilling has only begun to define the potential of the Enchi Gold Project, comparing it to other multi-million-ounce gold mines in the region [4][17]. - Approximately 40% of the gold-in-soil anomaly at Boin remains untested, with the average depth of drilling only reaching 100 metres [17][21]. Mineral Resource Estimate - The Boin Gold Deposit has an Indicated Mineral Resource of 13.0 million tonnes grading 0.62 g/t Au, containing 258,200 ounces, and an Inferred Mineral Resource of 15.9 million tonnes grading 0.68 g/t Au, containing 349,600 ounces [17][21]. - The overall Enchi Gold Project hosts an Indicated Mineral Resource of 41.7 million tonnes grading 0.55 g/t Au, containing 743,500 ounces, and an Inferred Mineral Resource of 46.6 million tonnes grading 0.65 g/t Au, containing 972,000 ounces [21]. Ongoing Exploration and Development - Additional exploration activities include metallurgical testwork, trenching, hydrogeological testing, and soil sampling to further define early-stage targets [16][24]. - Drone surveys have been completed to enhance topographic information for improving the confidence level of the Mineral Resource Estimate [16].
Cygnus intersects new high-grade gold, plus visible gold* identified in subsequent holes
GlobeNewswire News Room· 2025-04-16 22:39
Core Insights - Cygnus Metals Limited is advancing its Chibougamau Copper-Gold Project in Quebec, focusing on high-grade gold targets, particularly the Golden Eye area, which has not been drilled since the early 1990s [8][9][22] - Recent drilling has confirmed high-grade gold mineralization, with assays showing up to 9.1g/t Au and significant historical intersections indicating strong potential for resource growth [5][11][12] Company Overview - Cygnus Metals Limited is a diversified critical minerals exploration and development company with projects in Quebec and Western Australia, aiming to create shareholder value through resource growth and development [22] - The company is utilizing a cost-effective approach by digitizing over 100,000 documents, including historic drill logs, to generate new drill targets and consolidate geological data [6][15] Drilling Campaign and Results - A recent drilling campaign at Golden Eye involved six holes totaling 1,954 meters, aimed at confirming historic results and extending mineralization at depth [6][11] - Initial assays from the drilling have confirmed high-grade gold intersections, including 3.3m at 6.6g/t Au and 2.3m at 9.1g/t Au [11][12] - The drilling has extended mineralization down to 400 meters below the surface, with visible gold intersected in drill hole LDR-25-08 [11][17] Historical Context - The Chibougamau district has a rich history of gold and copper production, with over 3.5 million ounces of gold produced at an average grade of 2.1g/t Au [6][12] - Golden Eye was identified as a priority target due to its higher gold content compared to copper, making it a unique drilling opportunity within the district [7][9] Future Plans - Cygnus plans to complete an initial Mineral Resource estimate for Golden Eye using both recent drilling data and historic data from 77 holes totaling 21,371 meters [6][13] - The company is focused on resource growth and conversion drilling, employing two rigs on site to expedite exploration efforts [9][15]