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BMC Minerals mobilises first drill rig to Canada’s Kudz Ze Kayah project
Yahoo Finance· 2026-02-18 11:53
Core Viewpoint - BMC Minerals has initiated its 2026 exploration programme at the Kudz Ze Kayah project in Yukon, Canada, aiming to expand the resource base of the proposed ABM mine through extensive drilling and geophysical surveys [1][5]. Group 1: Exploration Programme Details - The exploration programme includes 20,000 meters of diamond drilling and geophysical surveys to investigate additional targets within a 5km radius of the planned mine site [1]. - The project area spans 372 square kilometers and will utilize both ground-based and aerial geophysics, including gravity and unmanned aerial vehicle magnetics, along with surface geochemical surveys [2]. - Drilling operations are scheduled to continue until September 2026, employing heli-supported access and trail construction for deep-drill holes ranging from approximately 300 meters to 900 meters [2]. Group 2: Focus Areas and Techniques - Initial drilling efforts will concentrate on previously identified high-potential areas near the ABM mine, with down hole time domain electromagnetics used post-drilling to detect mineralization not intersected by the drill holes [3]. - The programme will also feature airborne magnetic surveys covering 2,500 line-kilometers, detailed ground gravity mapping up to 20 square kilometers, and expanded soil geochemical analysis [3]. Group 3: Strategic Importance - Prospective zones near the ABM deposit are being examined for potential stratiform polymetallic massive sulphide deposits, located both downdip of the existing deposit and northeast beneath the Wind Lake formation [4]. - The managing director and CEO of BMC Minerals expressed excitement about the commencement of the drilling programme, highlighting it as the company's largest exploration investment to date [4]. - Following a successful IPO in December, the company is positioned to execute its growth strategy and advance the KZK project systematically, focusing on unlocking the project's scale potential and enhancing geological confidence [5].
LUCA DRILLS 37 METRES OF 6 G/T GOLD, 370 G/T SILVER AND 6% ZINC AT CAMPO MORADO
Prnewswire· 2025-08-27 13:00
Core Insights - Luca Mining Corp. has reported significant high-grade mineralization results from its drilling activities at the Campo Morado mine, indicating strong potential for gold, silver, copper, zinc, and lead deposits [4][6][21] - The ongoing exploration programs, both underground and surface, aim to expand the existing mineral resources and confirm the potential of the Reforma and El Rey deposits [12][15][21] Exploration Results - Surface drillhole CMRF-25-07 intersected 37.2 meters of 13.85 g/t AuEq, including 6.2 meters of 43.77 g/t AuEq [4][7] - Underground drillhole CMUG-25-022 returned assays of 5.5 meters of 15.2 g/t AuEq from an unmined area within 20 meters of current underground workings [3][4] - A total of 24 underground drillholes have been completed, totaling 5,070 meters, as part of the Phase 1 exploration program [4][9] Project Development - The Campo Morado mine covers a land package of over 121 square kilometers and hosts several polymetallic massive sulphide deposits [5][22] - The current exploration campaign is the first substantive exploration since 2014, focusing on defining mineable resources and testing new zones [15][16] - A Phase 2 drilling program is anticipated to follow up on positive results and target additional high-grade gold areas [6][9] Historical Context - Previous exploration efforts at Campo Morado have produced a comprehensive geological database, including over 600,000 meters of drilling and various geophysical surveys [17] - The exploration results have exceeded historical grades and widths, indicating a potential for significant resource expansion [2][6] Market Potential - The rising prices of gold and silver present an attractive opportunity for the company to enhance its asset base through the exploration of the Reforma and El Rey deposits [14][21] - The company aims to systematically explore over 38 identified priority targets within the Campo Morado concession [13]
Prime Announces Completion of June Warrant Exercise
Globenewswire· 2025-06-17 10:00
Core Viewpoint - Prime Mining Corp. has successfully exercised 97% of its $1.10 warrants, increasing its cash balance to approximately $33 million, which will support the advancement of the Los Reyes gold-silver project in Mexico [1][2]. Financial Position - The company's cash position is now approximately $32.9 million, enabling it to deliver a Preliminary Economic Assessment (PEA) in Q3 2025 and advance technical programs through the end of 2026 [2]. Exploration Plans - The company plans to continue its exploration efforts to identify new targets, expand existing resources, and conduct infill drilling, including geological mapping and geochemical sampling [3]. Drilling and Security Situation - Drilling was paused due to security concerns in Sinaloa, but the company expects to resume a minimum 40,000 meters of drilling within 12 months once conditions improve [4]. Project Activities - Planned activities for fiscal 2025 include extending high-grade mineralization in various areas, completing the PEA, and engaging with local communities through educational and infrastructure programs [6][8]. Resource Estimates - The Los Reyes project has a significant resource base, with over 49 million tonnes indicated at an average gold grade of 0.95 g/t and silver grade of 34.2 g/t, based on a $1,950/oz gold price and $25.24/oz silver price [9][10]. Historical Context - Historically, the Los Reyes area has produced an estimated 1 million ounces of gold and 60 million ounces of silver from previous operations between 1770 and 1990 [11]. Technical and QA/QC Procedures - The company employs rigorous QA/QC protocols for sampling and analysis, ensuring the integrity of its geological data and resource estimates [12][13][14].