Omai Increases Indicated Mineral Resources to 2.1 Moz Au (2.07 g/t Au, 31.9mt) and Inferred Mineral Resources to 4.4 Moz Au (1.95 g/t Au, 69.6Mt) With Expansion of Wenot DepositAugust 25, 2025 11:41 AM EDT | Source: Omai Gold Mines Corp.Toronto, Ontario--(Newsfile Corp. - August 25, 2025) - Omai Gold Mines Corp. (TSXV: OMG) (OTCQB: OMGGF) ("Omai Gold" or the "Company") is pleased to report an updated Mineral Resource Estimate ("MRE") on its 100%-owned Omai Gold Property in Guyana. The MRE incl ...

XXIX Announces Fully Funded Drilling and Development Plans for Opemiska and ThierryAugust 25, 2025 7:19 AM EDT | Source: XXIX Metal Corp.Highlights:15,000-metre drill program at K1 (Thierry Copper Project) scheduled for Winter 2025 5,000-metre drill program at Cooke (Opemiska) planned for Fall 2025.Preliminary Economic Assessment (PEA) for Opemiska targeted for October 2025, led by Ausenco, the first economic study since the mine's closure in 1991.XXIX is funded for 2025/2026 exploration follo ...

Radisson Files Technical Report for O'Brien Gold Project Preliminary Economic AssessmentAugust 21, 2025 6:30 AM EDT | Source: Radisson Mining ResourcesRouyn-Noranda, Quebec--(Newsfile Corp. - August 21, 2025) - Radisson Mining Resources Inc. (TSXV: RDS) (OTCQB: RMRDF) ("Radisson" or the "Company") is pleased to announce that it has filed a technical report prepared in accordance with National Instrument 43-101 — Standards of Disclosure for Mineral Projects for the O'Brien Gold Project ("O'Brie ...

Core Viewpoint - West Red Lake Gold Mines Ltd. has filed an independent preliminary economic assessment (PEA) technical report for its Rowan project, indicating positive results and supporting previous disclosures made by the company [1][2]. Company Overview - West Red Lake Gold Mines Ltd. is a publicly traded gold development and mining company focused on the Madsen Gold Mine and a 47 km land package in the Red Lake district of Ontario, which has produced over 30 million ounces of gold [5]. - The company also owns the Rowan Property, covering 31 km and including three past-producing gold mines: Rowan, Mount Jamie, and Red Summit [5]. Technical Information - The PEA Technical Report was prepared by Fuse Advisors Inc. in accordance with NI 43-101 standards and confirms the information disclosed in the company's July 8, 2025 news release [2][3]. - The full PEA Technical Report is available on SEDAR+ and the company's website, encouraging readers to review it in its entirety [3]. Qualified Persons - The technical content of the press release has been prepared and approved by qualified persons, Mr. Will Robinson and Mr. Maurice Mostert, ensuring compliance with industry standards [4].

Core Viewpoint - Surge Battery Metals Inc. has filed an independent National Instrument 43-101 Technical Report for its 2025 Preliminary Economic Assessment Study on the Nevada North Lithium Project, indicating strong economic potential for lithium production [1][2]. Project Highlights - The Preliminary Economic Assessment (PEA) confirms robust economics for a low-cost, large-scale, and long-life conventional open pit and dry-stack tailings operation producing battery-grade lithium carbonate through on-site treatment [3]. - The PEA envisions two phases over an initial 42-year mine life, with Phase 1 processing throughput of 2.58 million tonnes per annum (Mtpa) and doubling to 5.15 Mtpa in Phase 2, starting in Year 4 [3]. - The project aims for a peak production of 109,100 tonnes of lithium carbonate equivalent (LCE) in Year 6, averaging 86,300 tonnes/year LCE for a total of 3.63 million tonnes LCE over the life of mine, with a lithium recovery rate of 82.8% [3][8]. Economic Metrics - The after-tax Net Present Value (NPV) at an 8% discount rate is estimated at US$9.17 billion, with an Internal Rate of Return (IRR) of 22.8% based on a lithium carbonate equivalent price of US$24,000 per tonne [8]. - Operating costs are projected at US$5,243 per tonne LCE, with a total capital expenditure (CAPEX) of US$5.32 billion for both phases and sustaining capital of US$1.51 billion [8]. - The average annual after-tax cash flow is estimated at US$1.06 billion, with a payback period of 4.6 years [8]. Resource Estimates - The Nevada North Lithium Project has a pit-constrained Inferred Resource containing an estimated 8.65 million tonnes of LCE, grading 2,956 ppm lithium at a 1,250 ppm cutoff [10]. Strategic Development - The company plans to enhance the project through strategic drilling to upgrade resource categories and produce a bulk sample for detailed metallurgical testing [7]. - The project is positioned to support the growing demand for lithium in the domestic battery manufacturing industry as the lithium market rebounds [7]. Location and Infrastructure - The Nevada North Lithium Project is located in Elko County, approximately 73 kilometers north-northeast of Wells, Nevada, with good access via paved highways and county-maintained gravel roads [8][9]. - Northern Nevada is recognized as a major hub for open pit mining operations, providing a skilled labor force and established regulatory frameworks for mine permitting [9]. Company Overview - Surge Battery Metals Inc. is focused on securing domestic lithium supply through its engagement in the Nevada North Lithium Project, contributing to the sustainable future of the electric vehicle industry [16].

Core Viewpoint - DLP Resources Inc. has commenced drilling on the Aurora porphyry copper-molybdenum-silver project in southern Peru, marking a significant step in the exploration and potential economic evaluation of the project [1][9]. Group 1: Aurora Project Overview - The Aurora Project is an advanced stage porphyry copper-molybdenum exploration project located in the Province of Calca, southeastern Peru [9]. - A National Instrument 43-101 Technical Report was released on February 27, 2025, detailing the maiden Mineral Resources effective January 31, 2025, prepared by independent AMC Consultants Pty Ltd [2][11]. Group 2: Mineral Resource Highlights - The Aurora Project contains an Inferred Resource of over 1 billion tonnes, with 4,650 million pounds of copper, 1,110 million pounds of molybdenum, and 80 million ounces of silver [5]. - The Inferred Resource is pit-constrained, with a total of 1,050 million tonnes grading 0.20% copper, 0.05% molybdenum, and 2.4 g/t silver, equating to 0.44% CuEq [4][5]. Group 3: Drilling Program and Economic Assessment - The 2025 drilling program will involve 6,000 to 7,000 meters across seven drill holes, focusing on both extension and infill drilling [7]. - A preliminary economic assessment (PEA) is scheduled to begin in August 2025, with an expected completion date in December 2025 [8][9]. Group 4: Historical Context - Historical drilling at the Aurora Project included thirteen holes drilled between 2001 and 2005, totaling 3,900 meters, which encountered significant copper and molybdenum mineralization [9][10]. - The current mineral resource is based on 24 diamond drill holes conducted by DLP, with a total drill meterage of 18,400 meters [11].

Core Viewpoint - New Found Gold Corp. announced the results of a Preliminary Economic Assessment (PEA) for the Queensway Gold Project, indicating potential economic viability for gold mineralization on the 175,450 hectare project [1][3][18]. Project Overview - The Queensway project is located near Gander, Newfoundland and Labrador, Canada, and is 100% owned by New Found Gold [1][19]. - The PEA outlines a phased approach to development, starting with a small high-grade open pit mine followed by a larger on-site operation [4][12]. Economic Assessment Highlights - The PEA envisions a 15-year life of mine (LOM) producing 1.5 million ounces of recoverable gold with an average head grade of 1.85 g/t Au [6][12]. - Initial capital costs for Phase 1 are estimated at $155 million, with average annual gold production of 69.3 thousand ounces (koz) at an all-in sustaining cost (AISC) of US$1,282/oz Au [7][8]. - Phase 2 requires growth capital of $442 million, expected to produce 172.2 koz Au at an AISC of US$1,090/oz Au [7][8]. Financial Metrics - At a base case gold price of US$2,500/oz, the project generates an after-tax net present value (NPV) of $743 million and an internal rate of return (IRR) of 56.3% [49]. - The after-tax NPV increases to $1.45 billion and IRR to 197% if the gold price rises to US$3,300/oz [7][49]. Production and Cost Details - Total operating costs over the LOM are projected at $1.977 billion, with a total cash cost of US$1,085/oz Au and an AISC of US$1,256/oz Au [8][44]. - The project includes a phased mine plan that allows for early revenue generation and prioritizes processing of higher-grade material [17][12]. Mineral Resource Estimate - The initial mineral resource estimate includes 18.0 million tonnes at an average gold grade of 2.40 g/t Au, containing 1.39 million ounces of gold [21][22]. - The inferred mineral resources total 10.7 million tonnes at an average grade of 1.77 g/t Au, containing 0.61 million ounces of gold [21][22]. Next Steps - The company plans to conduct a 70,000-meter drill campaign, complete environmental studies, and submit an Environmental Assessment in H1 2026 [53][56]. - Construction for Phase 1 is planned to commence in 2027, with first production targeted for Q3 2027 [56].

Core Insights - Radisson Mining Resources Inc. reported high-grade gold drill intercepts from its O'Brien Gold Project, including 89.36 g/t Au over 3.7 metres and 60.75 g/t Au over 2.1 metres, marking the highest grades achieved to date beneath the historic mine [1][4][6] Group 1: Drill Results - Four new wedge drill holes (OB-25-337W4 to W7) were completed from the pilot hole OB-24-337, which is the deepest hole drilled at the project, revealing multiple high-grade gold intercepts [2][6] - Notable intercepts include: - OB-25-337W7: 89.36 g/t Au over 3.7 metres, including 293.0 g/t Au over 1.1 metres [4] - OB-25-337W5: 47.70 g/t Au over 1.0 metre and 5.25 g/t Au over 4.0 metres [4] - OB-25-337W6: 6.45 g/t Au over 3.5 metres, including 18.80 g/t Au over 1.0 metre [4] - OB-25-370: 4.32 g/t Au over 6.5 metres, including 10.49 g/t Au over 2.1 metres [4] - OB-25-372: 7.05 g/t Au over 2.5 metres, including 15.95 g/t Au over 1.0 metre [4] Group 2: Project Development - The ongoing drilling program aims to delineate high-grade gold-bearing veins over a large area, with up to six mineralized zones identified at depths of 500 metres below the historic mine [6][12] - The project has estimated Indicated Mineral Resources of 0.58 million ounces at 8.2 g/t Au and Inferred Mineral Resources of 0.93 million ounces at 4.4 g/t Au [14][18] - The Preliminary Economic Assessment indicates a low-cost, high-value project with an 11-year mine life and significant upside potential [18] Group 3: Geological Context - Gold mineralization at the O'Brien project occurs within quartz-sulphide veins associated with mafic volcanic rocks and conglomerates, typically linked to shearing and biotite alteration [9][10] - The historic O'Brien mine produced over half a million ounces of gold at an average grade exceeding 15 g/t Au, indicating the potential for high-grade mineralization in the current exploration [11][12]

Core Insights - New Found Gold Corp. announced the first drill results from its 2025 Work Program at the Queensway Gold Project, confirming high-grade gold mineralization at the Keats West zone and indicating potential for in-pit and near-pit expansion [2][3][12] Drilling Results - The drilling program included 2,691 meters across 22 diamond drill holes, focusing on infill drilling at Keats West to enhance resource classification and confidence in high-grade domains [3][5] - Significant intercepts included 55.0 g/t Au over 35.05 m, 20.7 g/t Au over 18.05 m, and 15.4 g/t Au over 16.70 m, confirming continuity of high-grade gold mineralization [5][6][14] - The mineralization at Keats West starts at surface and extends to a vertical depth of 150 meters, indicating a shallowly positioned gold system [14] Future Plans - The company plans to continue infill drilling in H2/25, targeting lower-grade material and expanding drilling in new mineralization areas within the open pit [9][11] - Excavation of the Lotto Zone is underway to enhance geological model certainty and assess grade continuity, followed by detailed mapping and additional drilling [11][12] Project Development - An initial Mineral Resource Estimate (MRE) was released in March 2025, with a preliminary economic assessment (PEA) ongoing, expected to be completed by early Q3/25 [12][33] - The Queensway project covers a 175,450-hectare area with significant potential for new discoveries along known gold zones [34]

Core Points - Sonoro Gold Corp. has submitted a revised Environmental Impact Statement (MIA) for its Cerro Caliche gold project in Sonora, Mexico, to optimize the project's footprint and enhance social and environmental stewardship [1][2] - The revised MIA reflects the company's commitment to meet high social and environmental standards while bringing the Cerro Caliche project into production [2][3] - The company holds 100% of the concession rights and surface rights for the Cerro Caliche project, which is essential for mining construction and operational activities in Mexico [4] Project Details - The Cerro Caliche project covers a 1,400-hectare property with a broadly mineralized low-sulphidation epithermal vein structure and over 25 gold mineralized zones identified [5] - An updated Mineral Resource Estimate (MRE) was filed in March 2023 based on 55,360 meters of drilled data, including 498 drill holes and 17 trenches [5] - A new Preliminary Economic Assessment (PEA) filed in October 2023 indicates a potential 9-year open pit, heap leach mining operation with an after-tax net present value (NPV5) of US $47.7 million at a gold price of US $1,800 per ounce, and US $77 million at US $2,000 per ounce, with internal rates of return (IRR) of 45% and 63% respectively [6][7] Management Commentary - Kenneth MacLeod, President and CEO of Sonoro, emphasized the extensive technical and environmental studies involved in the MIA permitting process, highlighting the company's commitment to the local community and compliance with Mexico's environmental requirements [3]