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Tocvan Discovers New Gold-Silver Zone 1,600 Meters From Main Zone at South Block Gran Pilar; First Aggressive Step-Out Drilling Intersects Mineralization From Surface
Accessnewswire· 2026-04-01 06:05
Core Insights - Tocvan Ventures Corp. has announced a significant new drill discovery at the Gran Pilar Gold-Silver Project in Sonora, Mexico, with the first aggressive step-out drilling intersecting mineralization from surface [2][4][8] - The new discovery is located 1,600 meters northeast of the Main Zone, confirming the potential for district-scale mineralization and expanding the known footprint of the Gran Pilar system [4][6][8] Exploration Highlights - The drill hole JES-26-135 intersected 22.9 meters of 0.6 g/t Au from surface, including 6.1 meters of 1.6 g/t Au and 13 g/t Ag, and an additional 10.7 meters of 0.4 g/t Au at a depth of 122 meters [2][3] - The mineralization is situated within a 1,200-meter-long magnetic anomaly, which is surrounded by elevated gold values in rock and soil samples, indicating a strong geochemical signature [3][5][12] - The ongoing drilling program is fully funded for 20,000 meters, with over 2,400 meters completed to date [3][8] Strategic Implications - The discovery validates the targeting strategy that combines geophysics, surface geochemistry, and geological mapping, demonstrating effective tools for new discoveries [5][6] - The South Block now shows an independent mineralized zone at surface, separate from the Main Zone, which increases the overall size and scale potential of the project [6][7] - Early success in the drilling program de-risks future growth and accelerates resource expansion and exploration momentum [6][8] Project Viability - The larger mineralized system at surface supports the potential for open-pit resources, enhancing the pathway toward near-term production and long-term value creation [7][8] - The company is well-positioned to continue expanding this new discovery and testing additional high-priority targets, with drilling currently active 300 meters east of the new discovery [8][29]
Drilling Resumes on Berrigan Zinc, Gold, Silver Property under Option from Chibougamau Independent Mines
Globenewswire· 2026-03-31 17:20
Core Insights - Chibougamau Independent Mines Inc. announces that TomaGold Corporation has initiated a drill program to extend five recent drill holes to explore a newly discovered zinc/gold/silver zone beneath the Berrigan mineralized zone [1][2] Drilling Program Details - The drill hole extensions aim to intersect the horizon where previous drill hole TOM-25-015 reported 5.08% Zn Eq (1.19 g/t Au Eq) over 98.50 meters, including 23.20% Zn Eq (5.44 g/t Au Eq) over 4.90 meters [2][4] - The Phase 2 drilling program is set to cover 1,500 meters targeting the newly discovered Berrigan Deep Zone [9][10] Previous Drilling Results - Significant mineralized intersections from previous drilling phases include: - Hole TOM-25-009: 5.82% Zn Eq over 48.05 meters, with notable intervals such as 33.97% Zn Eq over 2.90 meters [3] - Hole TOM-25-010: 8.03% Zn Eq over 4.35 meters, including 11.43% Zn Eq over 6.25 meters [3] - Hole TOM-25-011: 1.81% Zn Eq over 18.50 meters, with a peak of 16.12% Zn Eq over 2.00 meters [3] Summary of Mineralization - The Berrigan property is part of a larger land package under option from Chibougamau Independent Mines, with previous drill results indicating substantial mineralization potential [2][4]
American Lithium Minerals, Inc. (OTC: AMLM) Announces the Acquisition of the Higginsville Gold Project in Western Australia
Prnewswire· 2026-03-31 12:00
Core Insights - American Lithium Minerals Inc. has completed the acquisition of the Higginsville Gold Project in Western Australia, which includes four prospecting licenses in a historically significant gold-producing region [1][2]. Group 1: Project Details - The Higginsville Project consists of prospecting licenses P15/6723, P15/6724, P15/6725, and P15/6726, located just 9 km from the Higginsville Mine, which has produced approximately 1.1 million ounces of gold historically [2]. - The project is situated within the Southern Norseman–Wiluna greenstone belt, known for its productivity in gold mining, and is near the Zuleika Shear Zone, associated with high-grade gold deposits [3]. - The area offers both primary Archaean quartz-vein/shear-hosted gold and secondary Tertiary palaeochannel gold, presenting multiple exploration targets [3]. Group 2: Exploration Potential - Previous exploration efforts included 12 RAB holes and 152 aircore holes, yielding significant results that highlight the potential for both bedrock-hosted and palaeo channel gold [4]. - Notable findings from aircore drilling include 1 meter at 8.69 g/t Au from 40 meters, rock chips up to 8.26 g/t Au at Rainbow Waters, and surface nuggets up to 27 ounces [7]. Group 3: Strategic Plans - The CEO of American Lithium Minerals, Frank Kristan, emphasized that the Higginsville Project is a transformational acquisition, providing a unique opportunity to advance exploration rapidly due to its location and existing infrastructure [5]. - The company plans to establish an office in Perth, Australia, to integrate historical datasets and prepare for a comprehensive exploration program, with drilling expected in the second half of 2026 [5].
Sun Peak Metals Awarded 100% Ownership of Seven New Exploration Licenses Totaling 632 km2 in Saudi Arabia
Accessnewswire· 2026-03-31 11:00
Core Insights - Sun Peak Metals Corp. has been awarded 100% ownership of seven new exploration licenses totaling 632 km² in Saudi Arabia, significantly expanding its footprint in the region [2][3] - The company now holds a total of 1,072 km² across 13 exploration licenses in Saudi Arabia, with an additional ~200 km² under application [5][9] Licensing Details - The licenses were acquired through the Saudi Arabian Ministry of Industry and Mineral Resources' Round 9 licensing auction, finalized on March 26, 2026 [3] - The new licenses are strategically located near the Bulghah and Sukhaybarat gold mines and the Nuqrah volcanogenic massive sulfide (VMS) deposit, all owned by the Saudi Arabian Mining Company (Ma'aden) [3][7] Exploration Plans - Initial exploration activities on the new licenses have commenced, including geological mapping, geochemical sampling, trenching, and geophysical surveys [4][6] - The selected license areas are believed to have high potential for both VMS and orogenic gold mineralization [6] Company Background - Sun Peak Metals holds district-scale VMS base metal and gold projects in Saudi Arabia and Ethiopia, with a focus on the Arabian-Nubian Shield [8] - The company's Shire Project in Ethiopia encompasses six exploration licenses totaling approximately 1,450 km² [9]
Thunder Gold Acknowledges $215,000 in Funding from Ontario Junior Exploration Program (OJEP)
TMX Newsfile· 2026-03-30 11:30
Core Insights - Thunder Gold Corp. has received $215,000 in funding from the Ontario Government's Junior Exploration Program (OJEP) to support its exploration activities [1][7] - The OJEP has allocated a total of $10 million to 68 early exploration mining companies, aimed at catalyzing private sector investment in Ontario's mining sector [2][3] Company Overview - Thunder Gold Corp. is focused on advancing the Tower Mountain Gold Property, which is 100% owned and located approximately 40 kilometers west of Thunder Bay, Ontario [3][9] - The Tower Mountain project is characterized by excellent infrastructure access, low exploration costs, and significant gold potential, making it a key focus for the company's exploration and development efforts [4][10] Exploration and Resource Estimates - The funding will be utilized for geophysical and geochemical programs to enhance the understanding of the Tower Mountain project and support ongoing exploration [3][4] - A recent mineral resource estimate for Tower Mountain indicates an Indicated resource of 514,000 ounces of gold at a grade of 0.46 g/t and an Inferred resource of 3,053,000 ounces at a grade of 0.45 g/t [5][10] Strategic Importance - The OJEP is designed to support early-stage mineral exploration projects, thereby encouraging continued investment in Ontario's mining sector [7] - The Ontario government emphasizes the importance of securing minerals to strengthen the economy and enhance sovereignty, with a focus on creating jobs and advancing local projects [2][3]
Radius Gold Reports Surface Sampling Results at the Jonco Silver Project, Including Anomalous Gallium Values
Thenewswire· 2026-03-30 11:00
Core Viewpoint - Radius Gold Inc. is advancing its Jonco Silver Project in Peru, reporting significant anomalous gallium values associated with silver mineralization and making progress in community engagement for formal access agreements [1][10]. Exploration Results - Initial field visit and reconnaissance sampling returned notable results, including silver values of 13.24 g/t Ag and gallium values of 23.96 ppm Ga, among others [2][3]. - These samples are the first to report significant gallium values from the property, suggesting gallium may be an important component of the polymetallic system at Jonco [3]. Project Context - The Jonco Silver Project is located in the Miocene volcanic belt of northern Peru, with historical drilling indicating polymetallic mineralization from surface to significant depths [4]. - Historical drilling includes 11 diamond drill holes totaling approximately 3,195 meters, although not all methods and data have been independently verified [4]. Current Technical Work - The company is relogging historical drill holes and conducting selective core re-sampling using modern analytical methods to improve understanding of the mineralization [5][6]. - A systematic geological mapping and surface sampling program is being implemented to integrate various geological factors across the project area [6]. Community Engagement - Radius has engaged with local communities to present the exploration program and address environmental and employment concerns [9]. - The General Assembly of the community approved negotiations for a surface access agreement, marking a significant milestone for the project [10]. Permitting and Future Steps - Before drilling can commence, the company must finalize community access agreements, obtain environmental permits, and receive authorization from the Ministry of Energy and Mines [11]. - The company is advancing these workstreams alongside its technical program [11]. Management Commentary - The Vice President of Exploration highlighted that recent sampling and relogging efforts are enhancing the understanding of the Jonco system and supporting community relations for permitting [15].
Research backs Royal Road Minerals strategy as Colombia drilling restarts ahead of pivotal election
Yahoo Finance· 2026-03-27 15:42
Group 1 - Royal Road Minerals Ltd has resumed drilling in Colombia, focusing on its Güíntar gold-copper-silver project, which shows a large and growing mineralised system [2][4] - SCP Resource Finance maintains a buy rating for Royal Road with a price target of C$0.60, significantly higher than the current share price of C$0.19 [3] - The initial results from a 2,500-metre diamond drilling program at the GAM project indicate broad intervals typical of a porphyry-skarn system, with notable intersections of 418 metres at 0.6 grams per tonne gold equivalent and 176 metres at 1.2 grams per tonne gold equivalent [4][5] Group 2 - Royal Road controls approximately 1,840 square kilometres in Colombia, acquired from AngloGold Ashanti for around $38 million, including multiple undrilled targets [6] - The political landscape in Colombia is shifting as the current administration, which has tightened permitting, is set to exit before the May 2026 election, potentially allowing for increased exploration investment [7] - Dr Tim Coughlin, CEO of Royal Road, has a strong background as a former chief geologist for AngloGold Ashanti, which enhances the investment case for the company [8]
Daura Gold Announces Uplisting to the OTCQB Venture Market in the United States
TMX Newsfile· 2026-03-27 12:30
Company Overview - Daura Gold Corp. has uplisted its common shares to the OTCQB Venture Market under the trading symbol "DGCOF", while continuing to trade on the TSX Venture Exchange under the symbol "DGC" [1] - The company is engaged in exploration activities in Peru and Argentina, holding a 100% interest in over 16,900 hectares of exploration concessions in Peru's Ancash region [3] Exploration Projects - In Peru, Daura is focusing on high-impact exploration projects, particularly the 900-hectare Antonella target and the 2,900-hectare contiguous concessions at Libelulas [3] - In Argentina, Daura has a binding Letter Agreement with Latin Metals Inc. to earn up to an 80% interest in the Cerro Bayo / La Flora Project, located in the Deseado Massif, which is known for hosting over 30 mines and advanced exploration projects [4] - Current exploration activities at Cerro Bayo include drilling and gradient array IP geophysical surveys [4] Market Presence and Strategy - The CEO of Daura Gold Corp. emphasized that the listing on the OTCQB is expected to enhance liquidity, attract a broader range of investors, and expand the company's presence in the U.S. capital markets [2] - The OTCQB is recognized as a platform for emerging and growth-oriented companies, requiring adherence to strict reporting standards to ensure a transparent trading environment [2]
Buscar Company Provides Updated Permitting Status for Treasure Canyon Mine
Prnewswire· 2026-03-27 00:08
Core Viewpoint - Buscar Company is providing an updated and accurate account of the permitting status for its Treasure Canyon property, correcting previous inaccuracies in its March 16, 2026 press release [1]. Permitting Process - The Company has engaged a Qualified Person under SEC Regulation S-K 1300 and submitted an initial Plan of Operations to the U.S. Forest Service on February 6, 2026 [2][3]. - The U.S. Forest Service has indicated that the Plan of Operations is currently incomplete and requires revisions before processing can continue [2][4]. - No permits have been approved to date, and environmental review has not commenced [2][10]. Qualified Person - Martin L. Gallon of Lumwana LLC has been engaged as the Qualified Person, bringing over 55 years of mining industry experience and expertise in regulatory compliance [3]. Plan of Operations Status - The U.S. Forest Service notified the Company on February 27, 2026, that the submitted Plan of Operations is incomplete under 36 CFR 228, Subpart A [4][5]. - The Company is preparing a revised Plan of Operations to address the Forest Service's comments, which include a full description of operations and required permits [5][6]. Multi-Agency Coordination - The Company is coordinating with multiple regulatory agencies, including the California State Water Resources Control Board and the California Department of Fish & Wildlife, to obtain necessary permits [7][14]. - A temporary bridge permit has been received but will expire in 2026, necessitating an extension [8]. Engineering Design Work - Required engineering design work for access roads, bridge crossings, and water retention systems is nearing completion, with final drawings expected to be submitted within 14 days [9]. Permit Timeline Expectations - The commencement of the environmental review by the Forest Service is contingent upon the submission of a complete Plan of Operations [10]. - Estimated review periods for various permits range from 30 to 60 days, depending on the agency [15]. Management Commentary - The CEO of Buscar Company expressed commitment to transparency and acknowledged the deficiencies in the initial submission, emphasizing the focus on advancing the project responsibly [12]. Exploration Stage Property - The Treasure Canyon property is classified as an exploration-stage property with no mineral reserves, and the Company is entirely dependent on external financing for its activities [13][16].
Kenorland Minerals Expands Exploration Portfolio in Northern Ontario
TMX Newsfile· 2026-03-26 11:30
Core Viewpoint - Kenorland Minerals Ltd. has entered into purchase agreements to acquire a 100% interest in two significant mineral claim areas in Ontario, expanding its Lang Lake and Muskrat Dam Projects, which are both 100%-owned by the company [1]. Group 1: Lang Lake Project - The Lang Lake Project encompasses 84,000 hectares within the Birch-Uchi Subprovince and includes the newly acquired McVicar Agreement Area, which is adjacent to known gold deposits [2]. - Historical data compilation has identified a 2 km trend of anomalous gold in bedrock, marking it as a priority target for further exploration [3]. - A systematic exploration program is planned, including Phase 1 LiDAR surveys and a Phase 2 program with approximately 2,000 soil samples to enhance target generation [3]. Group 2: Muskrat Dam Project - The Muskrat Dam Project covers 142,500 hectares and is located within the Muskrat Dam greenstone belt, with potential for orogenic-style gold mineralization [5]. - Historical exploration has focused on VMS and Ni-Cu potential, but the project also shows promise for gold mineralization due to its geological features [5]. - Multiple prospective target areas have been identified, particularly within the Rottenfish Agreement Area, which has historical samples showing values up to 139.2 g/t Au [6]. Group 3: Terms of the Agreements - For the McVicar Agreement, the company will pay $100,000 in cash, issue $250,000 in common shares, and make a $1,000,000 milestone payment upon delineating a compliant mineral resource exceeding two million ounces of gold [9]. - The Rottenfish Agreement involves a $150,000 cash payment, milestone payments totaling up to $1,000,000, and a 1.0% net smelter return royalty, with options for share issuance to satisfy up to 75% of milestone payments [11][12]. - Both agreements are subject to the approval of the TSX Venture Exchange, and the shares issued will have a resale restriction of four months and one day [13].