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Guardian Stakes Mineral Claims in Kivalliq Region, Nunavut
Thenewswire· 2025-08-20 21:10
Group 1 - Guardian Exploration Inc. has acquired nine claim blocks in the Kivalliq Region, Nunavut, covering 844 claim units and a total area of 16,282.05 hectares, with 100% ownership of these royalty-free claims [1][4] - The acquired land package is part of the "Esker Gold project," which extends from the "Esker" gold mineral occurrence to the "River" gold mineral occurrence [2] - The President and CEO of Guardian expressed excitement about the acquisition, highlighting the significant project area covered by the claims [3] Group 2 - Guardian Exploration Inc. is listed on TSXV and is involved in oil and gas as well as mineral exploration and development, with other prospects including the Mount Cameron Property and the Sundog and Esker gold projects [4]
Galleon Gold Welcomes Strategic Investment by Pan American Silver and Signs an MOU for Toll Processing at the Bell Creek Mill
Newsfile· 2025-08-13 21:00
Galleon Gold Welcomes Strategic Investment by Pan American Silver and Signs an MOU for Toll Processing at the Bell Creek MillAugust 13, 2025 5:00 PM EDT | Source: Galleon Gold Corp.Toronto, Ontario--(Newsfile Corp. - August 13, 2025) - Galleon Gold Corp. (TSXV: GGO) (FSE: 3H90) (the "Company" or "Galleon Gold") is pleased to announce that Pan American Silver Corp. ("Pan American") has entered into a strategic investment agreement on a non-brokered private placement basis for an unsecured conve ...
U.S. GoldMining Applauds State of Alaska's Plans to Advance Critical Road Infrastructure to the Whistler Gold-Copper Project, Alaska
Prnewswire· 2025-07-28 10:00
Core Viewpoint - U.S. GoldMining Inc. commends the State of Alaska's submission of a permit application for the West Susitna Access Project, which will enhance infrastructure connectivity for the Whistler Gold-Copper Project and support economic growth in the region [1][3]. Infrastructure Development - The West Susitna Access Project (WSAP) is a proposed 78.5-mile access road that will connect the Whistler Project to existing transportation infrastructure in the greater Anchorage area [2][5]. - The WSAP will provide year-round public access to remote State and private lands, facilitating resource development opportunities, including the Whistler Project [2][5]. Economic Impact - Alaska Governor Mike Dunleavy highlighted the project's potential to improve access for local residents and create job opportunities in mining, processing, and manufacturing [3]. - The project aligns with the State's policy to invest in critical infrastructure to stimulate economic growth, which was a factor in U.S. GoldMining's decision to launch its initial public offering in 2023 [3]. Resource Development - The Whistler Project consists of several gold-copper porphyry deposits, with a mineral resource estimate of 294 million tons at 0.68 g/t AuEq for 6.48 million ounces AuEq indicated, and 198 million tons at 0.65 g/t AuEq for 4.16 million ounces AuEq inferred [8]. - The project is positioned to contribute to the U.S. clean energy transition, with copper being recognized as a critical mineral [3]. Strategic Positioning - U.S. GoldMining is well-positioned to benefit from strong federal and state government support, as well as high prices for copper, gold, and silver [3]. - The company is committed to advancing its proposed initial economic assessment and upcoming exploration program, while collaborating with government and stakeholders to support the WSAP [3].
CopperCorp Closes Final Tranche of Private Placement Raising $2.5M with Lead Order from Crescat Capital
Newsfile· 2025-07-24 20:27
Core Viewpoint - CopperCorp Resources Inc. has successfully closed the second and final tranche of its private placement, raising a total of $2,500,319 to support its exploration activities in Tasmania, particularly at the Razorback project [1][5]. Group 1: Private Placement Details - The second tranche involved the issuance of 10,882,354 Units, with Crescat Portfolio Management LLC being a significant investor, now holding 9.3% of CopperCorp's issued shares on an undiluted basis [2][4]. - Each Unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of an additional share at $0.13 for two years [4]. Group 2: Use of Proceeds - The funds raised will be allocated for exploration drilling and development of the Hydes and Jukes properties in western Tasmania, as well as for general working capital [5]. Group 3: Strategic Insights - Crescat's CEO expressed confidence in CopperCorp's potential to discover a copper-gold deposit in Tasmania, highlighting the company's strategic land holdings around the Mt Lyell deposit [3]. - The company is set to commence drilling at high-priority targets, including Hydes, which has not been drilled before, indicating a proactive approach to exploration [3][5]. Group 4: Insider Participation - Insiders participated in the Offering, acquiring a total of 352,941 Units, which is classified as a related party transaction under TSX Venture Exchange policies [8].
Adyton Resources Announces Upsized C$20 Million Financing Comprised of $14 Million Private Placement of Units and Concurrent $6 Million Non-Brokered Private Placement of Units
Globenewswire· 2025-07-24 12:20
Core Viewpoint - Adyton Resources Corp. has announced an upsized private placement offering due to strong investor demand, aiming to raise up to $14 million through the sale of 35 million units at $0.40 each, alongside a non-brokered private placement to raise an additional $6 million [1][2]. Group 1: Offering Details - The Offering will consist of up to 35,000,000 units at a price of $0.40 per unit, resulting in gross proceeds of up to $14,000,000 [1]. - Each unit will include one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one share at $0.60 for 24 months [1]. - A concurrent non-brokered private placement aims to raise up to $6,000,000 by issuing up to 15,000,000 units on the same terms as the Offering [2]. Group 2: Regulatory and Closing Information - The Offering is subject to applicable exemptions from prospectus requirements and is expected to close around August 13, 2025, pending regulatory approvals [3]. - Securities issued will be subject to a statutory hold period of four months plus one day from the closing date [3]. Group 3: Company Overview - Adyton Resources Corp. focuses on developing gold and copper resources in Papua New Guinea, with a portfolio of mineral exploration projects [4]. - The company has indicated resources of 173,000 ounces of gold and inferred resources of 2,000,000 ounces of gold across its projects [5]. - The Feni Island Project has an inferred mineral resource of 60.4 million tonnes at an average grade of 0.75 g/t Au, equating to 1,460,000 ounces of contained gold [6].
Silicon Metals Corp. Introduces the Maple-Birch Project
Newsfile· 2025-07-22 15:53
Core Viewpoint - Silicon Metals Corp. has acquired additional mining claims, creating a new project named the 'Maple Birch Project' in the Sudbury Mining District of Ontario, which is highly prospective for high purity quartz-rich pegmatite mineralization [1][2][3] Group 1: Project Details - The Maple Birch Project encompasses a total of 1,848 hectares and is underexplored, with existing high purity quartz-rich pegmatite mineralization already discovered [3] - The project includes an Aggregate Production Permit that allows for the extraction of high purity quartz pegmatite "pods" [3][10] - The company plans to conduct a detailed exploration program to potentially discover more valuable pegmatite pods [3] Group 2: Operational Plans - The company is in discussions with local contract miners and refiners to re-establish old resource roads, prepare the quarry area, and execute drilling and blasting operations [5] - Typical quarrying costs in the area range from $100 to $200 per tonne, which could lead to significant upside for the company and its shareholders if successful [6] - Historical data indicates that prior operators extracted approximately 20 tonnes of bulk samples from the Aggregate Production Permit and sold them for USD $1,000 per ton between 2010 and 2015 [7] Group 3: Future Outlook - The company anticipates significant growth potential in 2026, which could enhance shareholder value while performing exploration [8] - Advanced geochemical and metallurgical testing for the high purity material is being planned to assess its value further [8] - The company aims to position itself as a unique junior mining resource company, with the Maple Birch Project serving as a foundational asset [8]
Silicon Metals Corp. Signs a Definitive Option to Acquire 100% Ownership of Sudbury District Based Aggregate Permit, Acquires Encompassing Mineral Claims and Announces Private Placement of up to $800,000
Newsfile· 2025-07-15 08:30
Core Viewpoint - Silicon Metals Corp. has signed definitive agreements to acquire 100% ownership of an Aggregate Permit and surrounding mineral claims in the Sudbury District of Ontario, along with plans for a private placement to raise up to $800,000 [1][3]. Acquisition Details - The company has entered into two definitive agreements with separate vendors to acquire an Aggregate Permit AP6453 and five mining claims covering quartz-rich pegmatite mineralization [1][5]. - The active Aggregate Permit allows for the extraction of high purity quartz material through quarrying, covering an area of 6.77 hectares with an initial extraction capacity of 3,000 tonnes per year [6]. Financial Aspects - The company plans to complete a private placement of up to 16,000,000 non-flow-through units at a price of $0.05 per unit, aiming for gross proceeds of up to $800,000 [10][11]. - Proceeds from the offering will be used for the advancement and development of the Permit and surrounding claims, as well as for general working capital [11]. Share Issuance Terms - Silicon Metals is required to make several cash payments and issue common shares to the optionor as part of the acquisition agreements, including $25,000 in cash and 500,000 common shares upon CSE approval [7][8]. - Additional share issuances of 1,500,000 common shares are required at specified intervals following CSE approval [7]. Project Updates - The company has received LiDAR data for the Ptarmigan Project and is currently conducting internal analysis and modeling [9]. Company Background - Silicon Metals Corp. is focused on exploration in western Canada, holding interests in multiple silica projects, including the newly acquired Aggregate Permit in Ontario [15].
Evergold Enhances the Copper Potential of its Golden Lion Property in BC’s Toodoggone Region by Acquiring 100% of the Copper King Inlier Prospects, Plans Share Consolidation
Globenewswire· 2025-07-09 11:00
Core Viewpoint - Evergold Corp. has entered into a binding letter of intent to acquire a 100% ownership interest in four claim groups totaling 173 hectares within its Golden Lion property, subject to regulatory approvals and a share consolidation process [1][2]. Acquisition Details - The acquisition involves a staged payment of $80,000 worth of post-Consolidation Evergold Shares over two years, with specific issuance dates and conditions [1]. - Upon exercising the option, Evergold will grant a 2.5% net smelter returns royalty to the Optionor, with the possibility to buy back 1.5 percentage points for $1.5 million [1]. Historical Context - The acquired tenures include the Goat, Chuck, Copper King, and Claw prospects, known collectively as the 'Copper King' property, which has historical references to copper mineralization from drilling in 1975 and rock sampling in 1984 [3]. - Previous reports recommended delaying further exploration until higher metal prices were observed, and no significant exploration has occurred since [3]. Strategic Importance - The acquisition is seen as a strategic move to enhance exploration activities in the Toodoggone camp, particularly following recent discoveries in similar geological settings [4]. - The company plans to focus exploration efforts on the new claims and other target areas within the Golden Lion property [4]. Deferred Commitments - All staged cash payment and work commitments for the DEM property have been deferred for one year at no cost to the company, allowing for future exploration based on financing availability [5]. Company Background - Evergold Corp. is a mineral exploration company listed on TSX-V, with a successful track record in the junior exploration sector, including a notable past project that yielded a significant return on investment [8].
ValOre Reports Results from Successful 87 Hole Trado® Auger Drilling Campaign at Pedra Branca, Including 10.0 m at 12.95 g/t 2PGE+Au from Surface
Globenewswire· 2025-07-02 11:00
Core Viewpoint - ValOre Metals Corp. is advancing its Pedra Branca Platinum Group Elements (PGE) Project in Brazil, focusing on high-quality gold exploration and development opportunities while achieving significant exploration results from recent drilling activities [1][2][4]. Exploration Highlights - The recent Trado auger drilling program at the Esbarro deposit involved 87 holes, with over 560 meters of PGE-bearing rock intercepted, confirming high-grade mineralization [5][6]. - Notable assay results include a standout from hole AD25ES99, which reported 10.0 meters grading 12.95 g/t 2PGE+Au, including 4.0 meters at 29.57 g/t 2PGE+Au [2][11]. - A total of 74 out of 87 holes returned PGE mineralization, with 28 holes exceeding 10 gram-metres in grade-thickness values [5][6]. Regulatory Advancements - Brazil's National Mining Agency (ANM) has approved the Final Exploration Reports for key mineral claims within the Pedra Branca Project, allowing the claims to enter the Mining Concession application phase [12][13]. - This regulatory milestone enhances the project's development readiness and enables intensified technical de-risking and project development work [13]. Metallurgical and Engineering Developments - Ongoing metallurgical testwork is being conducted in collaboration with the University of Cape Town, focusing on optimizing PGE recoveries from various rock domains, with preliminary results expected by the end of July [6][12]. - Preliminary water supply studies are set to begin in the second half of 2025 as part of preparations for a future Preliminary Economic Assessment (PEA) [6]. Resource Potential - The Pedra Branca project hosts a total inferred resource of approximately 2.2 million ounces (Moz) of 2PGE+Au, with significant exploration and resource expansion potential identified [21][12].
Intrepid Metals Secures Additional Mineral Rights Adjacent to Rio Tinto at Corral Copper
Newsfile· 2025-07-02 11:00
Core Insights - Intrepid Metals Corp. has expanded its Corral Copper Property by acquiring additional mineral rights, enhancing its regional footprint in Cochise County, Arizona [1][2] - The new claims add approximately 2,195 acres (888 hectares) to the Corral land package, bringing total holdings to 11,715 acres (4,741 hectares) [2] - The acquisition strategically positions Intrepid alongside major industry player Rio Tinto, following Rio Tinto's recent claims acquisition in the area [1][3] Company Developments - The CEO of Intrepid Metals expressed confidence in the district's potential and commitment to developing a significant copper asset in a tier-one jurisdiction [3] - The Corral Copper Property is located near historical mining areas, with a rich mining history dating back to the late 1800s [4][10] - Intrepid has access to a historical digital drill hole archive database, which aids in exploration targeting and planning [4] Exploration Potential - The district has over 50,000 meters of historical drilling data, primarily focused on the Ringo, Earp, and Holliday Zones, which Intrepid is leveraging for ongoing exploration [4][7] - The company aims to combine modern exploration techniques with historical data to advance the Corral Copper Property towards development studies [7]