Mineral resource exploration
Search documents
Clara signs binding agreement for Hodgkinson Basin gold project acquisition
Yahoo Finance· 2025-12-19 16:16
Core Insights - Clara Resources Australia has signed a binding agreement for the 100% acquisition of the Hodgkinson Basin gold project in Far North Queensland, Australia, which includes three granted exploration permits covering a total area of 265 km² [1][3] Group 1: Project Details - The Hodgkinson Basin is located approximately 90 km west of Cairns and is situated within a historically productive gold region that has yielded over 1.6 million ounces of gold from the Palmer River and Hodgkinson goldfields [2] - The tenement spans more than 13 km of a major regional shear zone and contains over 130 historical exploration drill-holes, providing a solid foundation for further geological evaluation [2] Group 2: Acquisition Terms - To complete the acquisition, Clara will issue 533,333,333 shares and make staged cash payments totaling A$1.25 million (approximately $820,000) [3] - The completion of the deal is contingent upon shareholder approval and other standard conditions [3] Group 3: Future Plans - Clara plans to implement a two-stage exploration program in 2026, aiming for an initial Joint Ore Reserves Committee-compliant mineral resource estimate while evaluating areas with strong exploration potential [4] - The managing director of Clara stated that this acquisition is transformational and that the company has a clear strategy to unlock the project's potential through systematic exploration in 2026 [5][6]
OTC Markets Group Welcomes Cabral Gold Inc. to OTCQX
Globenewswire· 2025-12-17 12:00
Group 1 - Cabral Gold Inc. has qualified to trade on the OTCQX Best Market, upgrading from the OTCQB Venture Market, which is a significant milestone for the company [1][3] - The company will begin trading under the symbol "CBGZF" and U.S. investors can access its financial disclosures and real-time quotes on the OTC Markets website [2] - The OTCQX Market is designed for established companies that meet high financial standards and corporate governance practices, enhancing visibility among U.S. investors [3] Group 2 - Cabral Gold Inc. is focused on the exploration and development of gold properties in Brazil, particularly in the Cuiú Cuiú gold district, where it holds a 100% interest [4] - The Cuiú Cuiú gold district has defined Indicated resources of 12.29 million tonnes at 1.14 g/t gold (450,200 ounces) and 13.56 million tonnes at 0.50 g/t gold (216,182 ounces), along with Inferred resources of 13.63 million tonnes at 1.04 g/t gold (455,100 ounces) and 6.4 million tonnes at 0.34 g/t gold (70,569 ounces) [4] - The resource estimates are based on various NI 43-101 technical reports dated from October 2022 to September 2025, ensuring compliance with industry standards [4]
Osisko Development Launches Fully-Funded 70,000-Meter Exploration Drilling Campaign Targeting New Discoveries at Cariboo Gold Project
Globenewswire· 2025-12-08 13:00
Core Insights - Osisko Development Corp. has initiated a fully-funded 70,000-meter exploration drilling campaign at the Cariboo Gold Project, aiming for new discoveries in British Columbia, Canada [2][4]. Exploration Program Details - The exploration program will utilize multiple drill rigs, starting with two and ramping up to six by the end of 2026, focusing on key targets such as Cariboo Deep, Proserpine Mountain, and Barkerville Mountain [3][4]. - The Cariboo Deep target will involve approximately 10,000 meters of drilling in 11 holes, aiming to explore areas beneath the existing deposit to a depth of 800 meters [5][9]. - Proserpine Mountain will see around 20,000 meters of drilling across more than 30 holes, targeting a potential open-pit area southeast of the Cariboo deposit [4][5]. - Barkerville Mountain will have initial drilling planned in the Lowhee-KL Gap Zone and Williams Creek, focusing on new discoveries adjacent to the existing mineral resources [5][15]. Mineral Resource Estimates - The Cariboo Gold Project currently hosts probable mineral reserves of 2.071 million ounces of gold, with measured and indicated resources totaling 1.604 million ounces and inferred resources of 1.864 million ounces [21][27]. - The existing mineral resources are primarily defined to an average depth of 350 meters, with the new drilling program aimed at extending this depth by at least 300 meters [9][21]. Future Updates - A preliminary exploration progress update is expected in Q2 2026, providing insights into the outcomes of the ongoing drilling efforts [4].
Tsodilo Resources Continues Its Collaboration with Botswana International University of Science and Technology
Newsfile· 2025-12-01 05:01
Core Insights - Tsodilo Resources Limited is continuing its collaboration with Botswana International University of Science and Technology (BIUST) to advance the Xaudum Iron Project (XIF) [1][24] - The collaboration aims to explore the high-value utilization of Botswana's natural resources, particularly iron ore, limestone, dolomite, and coal [2][5] Project Overview - The Xaudum Iron Project has defined a CIM compliant Inferred Mineral Resource Estimate of 441 million tonnes (Mt) with an average grade of 29.4% Fe [15] - An extrapolated exploration target suggests the potential for 5 to 7 billion tonnes at 15-40% Fe [15] - The project is strategically located near transport infrastructure, including the planned Trans-Zambezi Railway [16] Research and Development - BIUST received a research grant to investigate the use of a novel metallurgical coke blend in pig iron production using local resources [2][3] - Tsodilo provided BIUST with 18 meters of iron ore for testing, which has an average Fe magnetite content of 45% [4] - The project will focus on optimizing product quality through systematic changes in operational parameters [4] Environmental and Market Context - The steel industry is undergoing a shift towards lower carbon emissions, with steel production contributing approximately 11% of global CO2 emissions [7][9] - High-grade magnetite products from the XIF project are expected to be in demand due to their lower greenhouse gas emissions compared to standard iron ores [11][12] - The collaboration aims to produce pig iron, which can be further processed into steel, addressing the growing market for low-emission steel production [6][10] Economic Implications - The project is expected to enhance Botswana's export value and reduce its import bill by utilizing local resources [5] - The development of the XIF project could significantly impact Botswana's economy by diversifying it away from diamond revenue [17]
TSX-V: TT Announces Updated Offering Terms
Thenewswire· 2025-10-08 20:05
Core Viewpoint - Total Metals Corp. has revised the terms of its non-brokered private placement to raise up to $10 million through the issuance of units priced at $0.60 each [1][2]. Group 1: Offering Details - The Offering will consist of up to 16,666,666 units, each unit comprising one common share and one common share purchase warrant [2]. - Each warrant will allow the purchase of an additional common share at a price of $0.90 per share for a period of 36 months from issuance [2]. - The Offering will be available to accredited investors under National Instrument 45-106 and other applicable exemptions [3]. Group 2: Company Overview - Total Metals Corp. focuses on the acquisition, exploration, and development of mineral properties in the Red Lake mining district of Northern Ontario, Canada [4]. - The company owns 100% of the Electrolode Project, which covers 3,000 contiguous hectares and has significant historical drilling and modern airborne geophysics [4]. - The Electrolode Project targets high-potential mineral resources in three favorable geologic trends and is strategically located near major mines [4]. - The project is fully permitted for exploration drilling and contains 10 historic mineralized zones with significant expansion potential [4].
XXIX to Begin 6,000-Metre Drill Program at High-Grade Cooke Gold Zone at Opemiska
Newsfile· 2025-09-30 10:00
Core Viewpoint - XXIX Metal Corp. is set to initiate a 6,000-metre drill program at the Cooke Gold Zone within its Opemiska copper project, aiming to expand its gold inventory and enhance the project's overall resource base [1][6]. Company Overview - XXIX Metal Corp. operates the Opemiska and Thierry Copper projects, which are significant assets in the Canadian copper sector, with the Opemiska project being one of Canada's highest-grade open-pitable copper deposits [6][7]. - The Cooke Gold Zone was historically a gold mine with copper by-product credits, producing 1.97 million tonnes at a grade of 5.04 g/t gold and 0.66% copper [5][6]. Drill Program Details - The upcoming drill program will consist of up to 34 holes, with approximately 23 holes (4,500 metres) planned specifically for the Cooke Gold Zone, while the remaining holes will target the Chibougamau Copper Zone [1][4]. - This drill campaign marks the first systematic exploration at Cooke since its closure, leveraging the extensive geological database inherited from Falconbridge [3][6]. Resource Potential - The current resource at Opemiska includes 62,706 kt at 0.31 g/t Au (634 Koz, Indicated Resources) and 78,485 kt at 0.17 g/t Au (419 Koz, Inferred Resources) [2][6]. - The primary goal of the drill program is to define near-surface gold and copper resources that could be beneficial to the broader Opemiska project, particularly focusing on mineralization from the crown pillar [3][5].