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Tower Hits High-Grade 23.63 g/t Gold over 6.02 m Near Surface in Hole 060 at Blue Sky, 70 m NE of Hole 055, Underscoring the Potential of the Durand Diorite to Host a Substantial Gold Deposit
Newsfile· 2025-07-10 20:19
Core Insights - Tower Resources Ltd. reported significant gold assay results from its Rabbit North property, with Hole 060 intersecting 23.63 g/t Au over 6.02 meters, indicating the potential for a substantial gold deposit in the Durand Diorite [1][2][4] - The drilling campaign aimed to determine the strike and dip of the Blue Sky gold trend, successfully extending the gold zone 70 meters along strike and 90 meters upward to within 55 meters of the surface [2][13] Drilling Results - Hole 060, drilled 70 meters northeast of Hole 055, returned an exceptional gold grade of 23.63 g/t Au, including a high-grade interval of 51.30 g/t Au over 1.95 meters [1][4][12] - Hole 059 intersected 7.6 meters of 3.28 g/t Au, including a notable 0.97 meters of 16.20 g/t Au, suggesting the presence of a mineralized volcanic-hosted shear zone [8][12] Geological Context - The Blue Sky gold zone is hosted within the Durand Diorite, with the recent drilling indicating a northeast strike extending towards historical gold intersections [2][4] - The presence of magnetite in Hole 060's diorite may influence gold mineralization, as it can scavenge gold from hydrothermal fluids [6][12] Future Plans - The successful intersection of the Blue Sky gold zone provides orientation data for future drilling, with plans for deeper and longer holes to follow the gold structure [13] - Additional assays from Hole 061 and Hole 062 are anticipated to provide further insights into the gold mineralization in the area [13]
Metals Creek Returns 1.36% Cu and 3.10 g/t Ag over 36.30m at the Tillex Copper Project
Newsfile· 2025-07-10 11:00
Higher Grade Copper Mineralization within Broader Mineralized ZoneNew Interpretation of Mineralized Horizon to the South Indicates a Significant Flattening of Stratigraphy Enhancing Exploration PotentialThunder Bay, Ontario--(Newsfile Corp. - July 10, 2025) - Metals Creek Resources Corp. (TSXV: MEK) (FSE: M1C1) (the "Company" or Metals Creek) is pleased to announce final drill results from the recently completed (See News Release: March 20, 2025) diamond drill program at the Tillex Copper Project located i ...
Canterra Minerals Drills 4.07% CuEq over 4.20 m 800 m Northeast of the Buchans Lundberg Deposit and Begins Phase 2 Drill Program
Newsfile· 2025-07-09 11:00
Canterra Minerals Drills 4.07% CuEq over 4.20 m 800 m Northeast of the Buchans Lundberg Deposit and Begins Phase 2 Drill Program July 09, 2025 7:00 AM EDT | Source: Canterra Minerals Corporation Vancouver, British Columbia--(Newsfile Corp. - July 9, 2025) - Canterra Minerals Corporation (TSXV: CTM) (OTCQB: CTMCF) (FSE: DXZB) ("Canterra" or the "Company") is pleased to report three additional drill holes which returned high-grade drill results from its flagship Buchans Project in Newfoundland's Central Minin ...
Meridian Drills Copper Dominated Layers of Ore Grading 28.6m @ 3.5 g/t AuEq (2.6% CuEq) at Cabacal
Newsfile· 2025-07-09 10:30
Highlights:Meridian drills more multiple stacked layers of shallow high-grade Au-Cu-Ag ore at Cabaçal;— CD-702: 28.6m @ 3.5g/t AuEq (2.6% CuEq) from 127.6m; including:3.9m @ 6.1g/t AuEq (4.5% CuEq) from 136.7m;2.8m @ 9.4g/t AuEq (6.9% CuEq) from 143.8;1.8m @ 5.7g/t AuEq (4.3% CuEq) from 149.1m;2.8m @ 9.0g/t AuEq (6.7% CuEq) from 155.9m;Multiple zones of high-grade copper with peak grades assaying 10.6% Cu and 11.0% Cu;— CD-693: 14.3m @ 2.9g/t AuEq (2.1% CuEq) from 77.3m; including:2.3m @ 9.4g/t AuEq (7.0% ...
Ridgeline Minerals Provides Assay Results and Drill Program Updates for the Big Blue and Atlas Projects
Newsfile· 2025-07-03 12:00
Ridgeline Minerals Provides Assay Results and Drill Program Updates for the Big Blue and Atlas ProjectsBig Blue highlights: 0.6 meters grading 0.7% Cu, 3,194 g/t Ag and 2.6% W (or 35.3% CuEq)July 03, 2025 8:00 AM EDT | Source: Ridgeline Minerals Corp.To view a summary of today's press release by Ridgeline CEO Chad Peters, click HERE Vancouver, British Columbia--(Newsfile Corp. - July 3, 2025) - Ridgeline Minerals Corp. (TSXV: RDG) (OTCQB: RDGMF) (FSE: 0GC0) ("Ridgeline" or the "Company")  is p ...
Kenorland Minerals and Auranova Resources Report Drill Results at the South Uchi Project, Ontario; Auranova Completes Initial Earn-In
Newsfile· 2025-07-02 11:30
Kenorland Minerals and Auranova Resources Report Drill Results at the South Uchi Project, Ontario; Auranova Completes Initial Earn-In July 02, 2025 7:30 AM EDT | Source: Auranova Resources Inc. Discussion of Results Vancouver, British Columbia--(Newsfile Corp. - July 2, 2025) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("Kenorland" or the "Company") and Auranova Resources Inc. ("Auranova") are pleased to announce complete assay results from the 2025 Winter drill program at the South Uch ...
Refined Energy Corp Files 43-101 Report, Drill Program Recommended
Globenewswire· 2025-06-30 12:00
VANCOUVER, British Columbia, June 30, 2025 (GLOBE NEWSWIRE) -- Refined Energy Corp. (CSE: RUU | OTC: RRUUF | FRA: CWA0) ("Refined" or the "Company") has filed a National Instrument 43-101, Standards of Disclosure for Mineral Projects, technical report for the Dufferin Project in the Athabasca Basin. A drill program consisting of a minimum of four holes and 1,250 metres is recommended for the Dufferin West targets at a budget of $2,062,500. The technical report is available under the Company's Sedar+ profile ...
Dryden Gold Extends the Elora Gold System to One Kilometer Strike and Discovers Multiple Stacked Gold-Bearing Structures
Newsfile· 2025-06-19 10:00
Dryden Gold Extends the Elora Gold System to One Kilometer Strike and Discovers Multiple Stacked Gold-Bearing StructuresJune 19, 2025 6:00 AM EDT | Source: Dryden Gold Corp.Vancouver, British Columbia--(Newsfile Corp. - June 19, 2025) - Dryden Gold Corp. (TSXV: DRY) (OTCQB: DRYGF) ("Dryden Gold" or the "Company") is pleased to announce new results from its initial drill campaigns at the new Pearl Target, previously the Intersection Target, ("Pearl") and the historical Laurentian Mine Target (" ...
Second Drill Hole at Potro SE Extends Polymetallic Mineralization at Mirasol’s Flagship Sobek Gold-Silver-Copper Project in the Vicuña District, Chile
Globenewswire· 2025-06-16 10:30
Core Viewpoint - Mirasol Resources Ltd. has announced positive results from the second drill hole at the Potro SE target, indicating the extension of a mineralized hydrothermal breccia system containing gold, silver, zinc, lead, and indications of copper at the Sobek Copper-Gold Project in Chile [1][2]. Group 1: Drill Results - The second drill hole (PSE-DDH-002) confirmed the continuity of mineralization, showing a well-mineralized intermediate sulfidation system potentially linked to a deeper porphyry center [2][6]. - The second drill hole reached a depth of 918 meters, approximately 80 meters deeper than the first hole, and exhibited slightly higher grades over narrower widths [4][6]. - Significant intercepts included 0.90 meters at 15.02 g/t gold equivalent and 17.65 meters at 0.22 g/t gold equivalent, with high values of silver, lead, and zinc [5][7][10]. Group 2: Geological Context - The mineralized breccias are interpreted to be controlled by the Ventana Fault System, which is associated with high-grade discoveries at nearby Lunahuasi [2][6]. - The hydrothermal breccia system is hosted along the Ventana Fault, indicating a potentially larger mineralized system [10][12]. - Future drilling will focus on the southern extension of the Potro SE mineralization along the Ventana Fault, targeting areas with stronger mineralization signals [11][12]. Group 3: Project Background - The Sobek Project is strategically located within a mineral-rich geological environment, approximately 3 kilometers from significant discoveries such as the Filo del Sol deposit and NGEx's Lunahuasi [13][14]. - Mirasol has been actively exploring the Sobek Project since 2016, capitalizing on the favorable structural architecture of the region [13][22]. Group 4: Financial and Corporate Updates - Mirasol has terminated its option agreement on the Inca Copper-Gold Project, having fulfilled all exploration obligations [16]. - The company announced an increase in a shareholder loan to $3 million, which will be used for general working capital and to pay creditors [17][18].
Inflection Resources to Acquire Portfolio of Australian Copper-Gold Projects from Newmont Corporation
Globenewswire· 2025-06-16 10:30
Core Viewpoint - Inflection Resources Ltd. has entered into a definitive agreement to acquire a 100% interest in a portfolio of Australian copper-gold exploration projects from Newmont Corporation, which includes the Tennant East and Bell River projects, indicating a strategic expansion in high-potential mineral exploration [1][3][8]. Group 1: Project Details - The Bell River project, covering approximately 115 km², is located in New South Wales and is situated near significant mining operations, including Newmont's Cadia mine [5][8]. - The geological composition of the Bell River tenement includes calc-alkaline Mid-Ordovician Fairbridge Volcanics, which host advanced argillic alteration zones interpreted as relic porphyry-related lithocaps [6][10]. - The Tennant East project consists of twelve exploration licenses totaling around 4,200 km² in the Northern Territory, which are considered highly prospective for Iron Oxide Copper Gold (IOCG) targets [12][8]. Group 2: Exploration Potential - Inflection's systematic exploration strategy will leverage previous exploration data and geological interpretations to identify potential copper-gold mineralization at depth, particularly in areas with minimal prior drilling [10][19]. - The Bell River project is noted for its significant zones of advanced argillic alteration and outcropping lithocaps, which are indicative of preserved porphyry systems [9][10]. - The Tennant East project has shown promising early results from cursory exploration, including geochemical footprints consistent with IOCG mineralization [15][12]. Group 3: Agreement Terms - For the Bell River project, Inflection will issue 1,000,000 common shares to Newmont and make a one-time payment of AUD$2.5 million upon completion of a compliant Pre-Feasibility Study, along with a AUD$5 million payment upon the start of commercial production [20]. - The Tennant East project acquisition involves issuing 250,000 common shares and reimbursing Newmont for tenement renewal fees, with Newmont retaining a 1.5% net smelter return (NSR) royalty [21]. - The transactions are expected to close in several weeks, pending the transfer of exploration licenses and share issuance [22].