WHITE SULPHUR SPRINGS, Mont., July 17, 2025 (GLOBE NEWSWIRE) -- Sandfire Resources America Inc. (“Sandfire America” or the “Company”) is pleased to announce that its 2024-2025 drilling program was completed in mid-May 2025. Since the Company’s news release dated December 18, 2024, drilling has focused on further definition of the Johnny Lee Lower Copper Zone. Highlights include: 8.11 meters of 4.66% copper in hole SC24-311,14.99 meters of 7.99% copper in hole SC24-312,10.58 meters of 4.69% Cu in hole SC25-3 ...

Core Viewpoint - Newcore Gold Ltd. has reported significant drill results from its ongoing 35,000-metre drill program at the Enchi Gold Project in Ghana, confirming the continuity of gold mineralization at the Sewum Gold Deposit and indicating potential for resource growth [1][4][14]. Drilling Results - The drilling program has successfully intersected multiple zones of near-surface gold mineralization, with notable results including hole SWRC258 intersecting 0.89 grams per tonne gold over 33.0 metres and hole SWRC269 intersecting 3.98 grams per tonne gold over 6.0 metres, including a higher-grade interval of 22.62 grams per tonne gold over 1.0 metre [1][6][11]. - A total of 47 reverse circulation holes were drilled, totaling 4,493 metres, with 46 holes intersecting gold mineralization [4][9]. Resource Growth Strategy - The primary focus of the drill program is on resource growth and infill drilling aimed at converting Inferred Resources to Indicated Resources, with the first phase targeting completion of drilling for resource conversion ahead of a Pre-Feasibility Study [3][15]. - The Sewum Gold Deposit has an Indicated Mineral Resource of 20.9 million tonnes grading 0.48 grams per tonne gold, containing 323,300 ounces, and an Inferred Mineral Resource of 21.8 million tonnes grading 0.53 grams per tonne gold, containing 373,100 ounces [5][17]. Geological Insights - The Ridge Zone at Sewum is characterized by a series of stacked sub-parallel gold mineralized structures, with consistent gold mineralization defined over a length of 800 metres within the oxide and transition horizons [5][10]. - Approximately 45% of the gold-in-soil anomaly at Sewum remains untested by drilling, indicating further exploration potential [18]. Future Development Plans - Newcore Gold is advancing development work required for the Pre-Feasibility Study, including diamond drilling for metallurgical, geotechnical, and hydrogeological testwork [4][16]. - Additional exploration activities include metallurgical testwork, trenching, hydrogeological testing, and environmental assessments to enhance the confidence level of the Mineral Resource Estimate [16][25].

Core Insights - West Red Lake Gold Mines has released a Preliminary Economic Assessment (PEA) for its Rowan project, indicating strong economic potential due to its high-grade, nearly vertical deposit characteristics [1][2][4]. Project Overview - The Rowan project is located 80 kilometers from the Madsen Mine and mill, with plans to utilize toll milling at existing mills in the Red Lake area to process its mineralization [1][2]. - The PEA highlights an average diluted head grade of 8.0 grams per tonne and an average annual gold production of 35,230 ounces over a 5-year mine life [4][5]. Economic Metrics - The post-tax Net Present Value (NPV) of the project is estimated at $239 million at a gold price of US$3,250 per ounce, with an Internal Rate of Return (IRR) of 81.7% [4][11]. - The all-in sustaining cost (AISC) is projected at US$1,408 per ounce, with a life of mine cash cost of US$963 per ounce [5][4]. Development Plans - The company plans to complete a Pre-Feasibility Study (PFS) by Q3 2026, with new legislation in Ontario aimed at expediting the mine approval process [6]. - There are significant opportunities for resource expansion at Rowan, with ongoing drilling campaigns targeting both depth and strike extensions of the mineralization [6][9]. Exploration Potential - Recent drilling has indicated high-grade gold mineralization, with notable intercepts such as 70.8 g/t gold over 8.3 meters, suggesting potential for further resource definition [9][8]. - The company aims to upgrade approximately 37% of the mine plan tonnes currently classified as inferred resources [11]. Operational Context - The Madsen Mill, with a nameplate capacity of 1,089 tonnes per day, is a potential processing site for Rowan's mineralization, which aligns with the company's toll milling strategy [3][2]. - The ramp-up operations at the Madsen Mine have begun, with consistent mining and milling rates reported [21].

ASM: TSX/NYSE American www.avino.com A Clear Path to Transformational Growth May 2025 A CLEAR PATH TO TRANSFORMATIONAL GROWTH The Avino Mine Property ASM: TSX/NYSE American www.avino.com A Clear Path to Transformational Growth 2 CAUTIONARY DISCLAIMER: FORWARD-LOOKING STATEMENTS This presentation contains "forward-looking information" and "forward-looking statements" (together, the "forward looking statements") within the meaning of applicable securities laws and the United States Private Securities Litigati ...