Mineral Resource Growth
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Fortuna Extends High Grade Gold Mineralization at Sunbird, Including 6.1 g/t Au over 18.9 meters, Séguéla Mine, Côte d’Ivoire
Globenewswire· 2026-02-12 10:00
Core Insights - Fortuna Mining Corp. has reported successful exploration drilling results at the Sunbird deposit, located at the Séguéla Mine in Côte d'Ivoire, indicating extended mineralization at depth and the expansion of a second high-grade mineralized shoot [1][2]. Drilling Highlights - Significant drill results include: - SGRD2473: 15.4 g/t Au over an estimated true width of 4.2 meters from 478 meters, with a high of 26.2 g/t Au over 2.1 meters from 480 meters [2] - SGRD2475: 4.1 g/t Au over 13.3 meters from 504 meters, including 13.6 g/t Au over 0.7 meters [2] - SGRD2477: 10.9 g/t Au over 2.1 meters from 483 meters, with a peak of 27.5 g/t Au over 2.1 meters from 492 meters [2] - SGDD148: 73.5 g/t Au over 0.7 meters from 530 meters, and 6.1 g/t Au over 18.9 meters from 564 meters [2] - SGDD149: 13.0 g/t Au over 4.2 meters from 686 meters, including 31.1 g/t Au over 1.4 meters [2] Exploration Program - A total of 22 drill holes, amounting to 9,816 meters, have been completed as part of the underground resource confidence infill and extension drilling program, successfully delineating high-grade gold mineralization approximately 400 meters beyond existing Mineral Resource and Mineral Reserves envelopes [2][3]. Future Plans - Mineralization at the Sunbird deposit remains open at depth and along strike, with drilling expected to continue throughout 2026 [3].
Fortuna Extends High Grade Gold Mineralization at Sunbird, Including 6.1 g/t Au over 18.9 meters, Séguéla Mine, Côte d'Ivoire
Globenewswire· 2026-02-12 10:00
Core Viewpoint - Fortuna Mining Corp. has reported successful exploration drilling results at the Sunbird deposit in Côte d'Ivoire, indicating significant potential for resource growth due to high-grade mineralization being extended at depth and the discovery of a second high-grade mineralized shoot [1][2]. Drilling Highlights - Recent drill results include: - SGRD2473: 15.4 g/t Au over an estimated true width of 4.2 meters from 478 meters, with a peak of 26.2 g/t Au over 2.1 meters from 480 meters [2] - SGRD2475: 4.1 g/t Au over 13.3 meters from 504 meters, including 13.6 g/t Au over 0.7 meters [2] - SGRD2477: 10.9 g/t Au over 2.1 meters from 483 meters, with a peak of 23.5 g/t Au over 0.7 meters [2] - SGDD148: 73.5 g/t Au over 0.7 meters from 530 meters [2] - SGDD149: 13.0 g/t Au over 4.2 meters from 686 meters, including 31.1 g/t Au over 1.4 meters [2] Exploration Program - A total of 22 drill holes, amounting to 9,816 meters, have been completed as part of the underground resource confidence infill and extension drilling program [2][3] - Drilling has successfully delineated high-grade gold mineralization approximately 400 meters beyond the existing Mineral Resource and Mineral Reserves envelopes [2] Future Plans - Mineralization at the Sunbird deposit remains open at depth and along strike, with drilling expected to continue throughout 2026 [3]
Guanajuato Silver Sees Significant Growth in Resources at Valenciana
Accessnewswire· 2026-02-05 12:20
Core Insights - The inferred mineral resources of Guanajuato Silver Company Ltd. have increased by 630% to 20.3 million silver equivalent ounces [1] - This increase is attributed to 2.27 million tonnes at a grade of 142.2 grams per tonne silver and 1.55 grams per tonne gold, containing 10.4 million ounces of silver and 113 thousand ounces of gold [1] Company Information - The news release serves as a designated news release for the company's prospectus supplement dated November 28, 2024, related to its short form base shelf prospectus dated August 21, 2024 [1] - The announcement was made from Vancouver, BC, indicating the company's operational base [1]
AbraSilver Reports Final Phase V Drill Results, Highlighted by High-Grade Silver-Gold Intercepts at JAC
TMX Newsfile· 2026-01-27 12:30
Core Insights - AbraSilver Resource Corp. announced the final assay results from the Phase V diamond drilling program at its Diablillos project in Argentina, which will be included in the upcoming Mineral Resource estimate and Definitive Feasibility Study [1][2][3] Drill Results - The final Phase V drill results indicate high-grade silver-gold intercepts, particularly in holes DDH 25-099 and DDH 25-104, suggesting potential for incremental Mineral Resource growth [3][5] - Hole DDH 25-104 intersected 17.0 meters grading 432.1 g/t silver and 1.10 g/t gold, including a high-grade interval of 6.0 meters grading 1,093.0 g/t silver and 2.42 g/t gold [5][8] - Additional drilling at JAC confirmed broad zones of oxide silver mineralization, with notable results including 13.0 meters at 476.6 g/t silver in DDH 25-099 and 57.0 meters at 51.4 g/t silver in DDH 25-096 [6][8] Geological Context - The results from Phase V drilling provide important geological context for future exploration, confirming the continuity of silver-gold mineralization beyond the current resource envelope [3][4] - The potential to expand both gold and silver Mineral Resources highlights the scale of the Diablillos project and supports ongoing exploration and development strategies [3][4] Environmental and Regulatory Updates - The Environmental Impact Assessment (EIA) process for the Diablillos project is progressing well, with final community consultations expected to be completed in February [16] - The application under Argentina's Large Investment Incentive Regime (RIGI) framework is on track for approval by the end of Q1/2026 [17] Project Overview - The Diablillos property is located in the Puna region of Argentina, comprising 15 contiguous mineral concessions with excellent year-round access [19] - Exploration has outlined multiple occurrences of silver-gold oxide mineralization, with over 150,000 meters drilled to date, demonstrating strong growth potential [20][27]
Hemlo Mining Corp. Extends Gold Mineralization 300 Metres to the East with Multiple High-Grade Intercepts
Prnewswire· 2026-01-26 11:30
Core Viewpoint - Hemlo Mining Corp. has reported promising assay results from its 2025 E-Zone exploration drilling program at the Hemlo Gold Mine, indicating potential for increased mineral resources and reserves in the E-Zone, which is located near existing infrastructure [1][2]. Exploration Results - The 2025 E-Zone exploration program included six drill holes totaling approximately 4,240 meters, successfully identifying gold mineralization and suggesting future resource growth [2][6]. - Significant gold intercepts include 19.11 g/t Au over 5.0 m in hole 6702501, 15.79 g/t Au over 5.0 m in hole 6702503, and 7.08 g/t Au over 12.1 m in hole 6702505 [6][10]. Geological Interpretation - The E-Zone is interpreted to extend approximately 1,000 meters vertically and 500 meters east-west, remaining open at depth, which enhances the potential for continued mineralization [3][6]. - The E-Zone may serve as an analogue to the C-Zone mineralized system, which has historically supported over two decades of gold production [4][10]. Future Development Plans - In 2026, the company plans to advance development by driving an exploration drift of approximately 300 meters to access the E-Zone and conduct further drilling to test mineralization continuity [7][20]. - The E-Zone's proximity to existing infrastructure is expected to simplify mining sequences and provide options for increased mining rates in the future [2][6]. Historical Context - The C-Zone mineralized system has produced approximately 3.7 million ounces of gold, with a vertical extent of about 1.8 kilometers, highlighting the scale and longevity of the Hemlo mineralized system [4][6]. Company Background - Hemlo Mining Corp. recently acquired the Hemlo Gold Mine from Barrick Mining Corp. for up to US$1.1 billion and aims to establish itself as a leading Canadian mid-tier gold producer [16].
Abitibi Metals Delivers 12.83% CuEq at B26 as High-Grade Zone Continues to Grow
Prnewswire· 2026-01-24 07:42
Core Viewpoint - Abitibi Metals Corp. has reported a new high-grade copper-gold intercept from its Phase 3 drilling campaign at the B26 Polymetallic Deposit in Québec, indicating strong results and momentum in the Western Down-Plunge High-Grade Zone [1][2]. Group 1: Drilling Results - The standout intercept from hole 1274-17-269W6 returned 12.83% copper equivalent (CuEq) (6.15% copper, 7.93 g/t gold) over 5 metres, confirming exceptional grade continuity in the B26 system [2][4]. - The interval equates to 18.15% CuEq over 5 metres based on current spot pricing, emphasizing the significant contribution of gold to the project's economics [3]. - Additional drilling has expanded the mineralized system, with holes 1274-25-374W1 and 1274-25-374W2 intersecting the B26 copper-gold horizon, extending resource-grade mineralization by 250 metres down plunge [5][6]. Group 2: Phase 3 Program Overview - The Phase 3 drill program, completed in December 2025, totaled 24,544 metres across 40 drill holes, with results exceeding expectations and defining a continuous high-grade zone approximately 250 metres vertically and 500 metres laterally [7][9]. - The current B26 resource stands at 11.3 million tonnes (Mt) at 2.13% CuEq indicated and 7.2 Mt at 2.21% CuEq inferred, with mineralization open along strike and at depth [14][15]. Group 3: Project Potential and Infrastructure - The B26 Deposit is strategically located 7 kilometres southeast of the former Selbaie mine, benefiting from established regional infrastructure, positioning it as a compelling copper-gold asset in Québec's Abitibi mining district [10][12]. - The company holds a 50% interest in the B26 Project and has the option to earn an additional 30% interest from SOQUEM Inc., a subsidiary of Investissement Québec [8].
Alamos Gold Extends High-Grade Mineralization Across Multiple Targets within Mulatos District Including PDA, Cerro Pelon, and New Discovery at Halcon
Globenewswire· 2026-01-21 11:55
Core Viewpoint - Alamos Gold Inc. is advancing its exploration efforts in the Mulatos District, with significant new drilling results indicating the extension of high-grade gold mineralization at Puerto Del Aire (PDA) and new discoveries at Cerro Pelon and Halcon, which are expected to enhance the company's mineral resources and production potential by mid-2027 [1][2][3]. Exploration and Drilling Results - Ongoing surface exploration drilling has successfully extended high-grade gold mineralization beyond existing Mineral Reserves at PDA and Mineral Resources at Cerro Pelon [1][5]. - Significant sulphide-hosted gold mineralization has been intersected at Halcon, representing a new area of focus for potential higher-grade ore [1][6]. - The 2025 exploration program involved a total expenditure of $20 million, with 56,117 meters drilled across 170 holes, including 21,394 meters focused on Cerro Pelon [8][10]. Mineral Resource Growth - The company has defined over one million ounces of Mineral Reserves at PDA and an initial Mineral Resource at Cerro Pelon, with ongoing success expected to drive further resource growth [3][10]. - Cerro Pelon has an initial Measured and Indicated Mineral Resource totaling 104,000 ounces, grading 4.49 g/t Au, and remains open in multiple directions for further expansion [10][11]. Project Development Timeline - The PDA project is on track for initial production by mid-2027, with construction activities ramping up following the receipt of an amended environmental permit [2][9]. - The planned addition of a mill to process higher-grade sulphide ore from PDA is anticipated to create new growth opportunities within the Mulatos District [2][10]. Significant Drilling Highlights - New drilling results at PDA include notable intercepts such as 5.60 g/t Au over 23.85 m and 12.95 g/t Au over 4.25 m, indicating robust mineralization [5][19]. - At Halcon, significant intercepts include 3.04 g/t Au over 47.60 m, showcasing the potential for additional high-grade sulphide mineralization [22][19].
Lithium Ionic: 2025 Year in Review – Advancing Toward Construction in Brazil's Lithium Valley
Globenewswire· 2026-01-14 12:00
Core Insights - Lithium Ionic Corp. has made significant progress in 2025, focusing on advancing its flagship Bandeira Lithium Project towards construction in 2026 [2][3][20] Group 1: 2025 Highlights - The company achieved meaningful mineral resource growth, establishing itself as one of the largest hard-rock lithium developers in Brazil's Lithium Valley [4] - Consolidated global mineral resources now total 36.76 million tonnes grading 1.31% Li₂O in the Measured & Indicated category, and an additional 31.87 million tonnes grading 1.19% Li₂O in the Inferred category [5] - The Bandeira Project's updated mineral resource estimate includes 27.27 million tonnes Measured & Indicated at 1.34% Li₂O and 18.55 million tonnes Inferred at 1.34% Li₂O, representing a 30% increase in Measured & Indicated tonnage compared to the previous feasibility study [6][7] Group 2: Technical Advancements - The optimized feasibility study delivered in September 2025 extended the mine life to 18.5 years and improved project economics, with a post-tax NPV(8%) of US$1.45 billion and a post-tax IRR of 61% [18] - The company engaged RTEK International DMCC as a strategic advisor to enhance construction readiness and operational execution at the Bandeira Project [11] - By year-end 2025, approximately 38% of all engineering activities were completed, further strengthening execution readiness [12] Group 3: ESG and Permitting - The appointment of Flávia Veronese as Director of ESG aims to strengthen the company's environmental, social, and governance initiatives, particularly in the permitting process for the Bandeira Project [14] - The company views recent environmental permitting discussions as constructive, enhancing clarity and confidence in the permitting framework [15] Group 4: Financial Position - In late 2025, Lithium Ionic closed an oversubscribed private placement totaling $18.3 million, significantly strengthening its balance sheet for advancing key pre-development activities [16] - The company is focused on finalizing project financing and advancing permitting processes as it prepares for construction readiness [19] Group 5: Strategic Decisions - The company terminated the K2 Option Agreement to prioritize its most advanced and value-accretive assets, including the Bandeira Project [21][23] - A total of 9,800,000 restricted share units were issued to certain directors and officers, subject to TSX Venture Exchange approval [24]
Luca Intersects 2.4 Metres of 12.2 g/t Gold at Santiago Deposit
Prnewswire· 2025-12-19 13:00
Recent drilling at the Santiago Deposit has successfully extended high-grade gold mineralization by more than 100 metres along strike toward the west, in the direction of the producing Perdido vein, located approximately 600 metres away (See Figure 1). These results, together with ongoing underground drilling at Perdido, support Luca's interpretation that the Santiago and Perdido veins may represent a single, continuous mineralized structure. Current drilling is designed to test the projected strike extensi ...
XXIX Expands Drill Program at Cooke and Saddle Zones Following Encouraging Early Results at Opemiska
Newsfile· 2025-12-08 11:00
Core Insights - XXIX Metal Corp. is expanding its 2025 drill program at the Opemiska Project due to stronger-than-expected results from the Cooke Zone and increased confidence in the Saddle Zone [1][5] Cooke Zone: Outperforming Early Expectations - Drilling at the Cooke Zone has confirmed a more extensive mineralized horizon than previously modeled, leading to a doubling of the drill budget and meter count [2][7] - The focus will be on the near-surface crown pillar of the former Cooke Gold Mine and step-outs along a newly identified horizon, representing a significant opportunity for resource addition [2][7] Saddle Zone: Advancing Toward Resource Definition - The Saddle Zone has shown strong copper-gold intercepts in past campaigns, but drill density has not been sufficient for resource inclusion [3] - The expanded drilling program aims to connect and upgrade known high-grade areas, similar to the Cooke Zone, and offers substantial upside potential [3][7] Driving Growth Beyond the October PEA - The expanded drill program is intended to build on the recently announced Preliminary Economic Assessment (PEA), which demonstrated strong economics and rapid payback [4] - Resource additions from both Cooke and Saddle, along with other near-pit targets, could enhance project scale and improve the upcoming Pre-Feasibility Study [4] Operational Updates - The total drill program has been increased to 10,000 meters, split between the Cooke and Saddle Zones [7] - A second drill rig was mobilized at the end of November to accelerate progress across priority targets [12]