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].

TORONTO, June 18, 2025 (GLOBE NEWSWIRE) -- Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF) ("Red Pine" or the "Company") is pleased to announce further results from the ongoing drilling program at the Wawa Gold Project, Ontario. Near surface drilling completed since May 2025 was conducted as part of the Company's assessment of the open pit potential. (See PR dated May 8, 2025). Highlights of the Open-Pit Evaluation Drilling Michael Michaud, President and CEO of Red Pine commented: "We are excited about ...

Metallurgical Testwork Progress Highlights VANCOUVER, British Columbia, June 17, 2025 (GLOBE NEWSWIRE) -- Koryx Copper Inc. ("Koryx" or the "Company") (TSX-V: KRY, NSX: KYX) is pleased to announce significant project progress for its wholly- owned Haib Copper Project ("Haib" or the "Project") in southern Namibia. Haib is an advanced-stage copper/molybdenum project that is envisaged to produce clean copper concentrate via conventional crushing/milling/flotation, with the potential for additional copper produ ...

TORONTO, May 27, 2025 (GLOBE NEWSWIRE) -- RX Gold Corporation (TSX: TRX) (NYSE American: TRX) (the “Company” or “TRX Gold”) has filed on SEDAR+ a Technical Report prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) on the Buckreef Gold Project (“Buckreef Gold”), titled Preliminary Economic Assessment and Updated Mineral Resource Estimate of the Buckreef Gold Mine Project, Tanzania (“PEA”). The PEA supports disclosure made by the Company in its ...

TORONTO, May 21, 2025 (GLOBE NEWSWIRE) -- Tintina Mines Limited ("Tintina" or the "Company") (TSXV: TTS) is pleased to announce the commencement of its 2025 drilling campaign at the Domeyko Sulfuros Project, located in the Atacama Region of Chile. The campaign is primarily aimed at supporting the development of a Preliminary Economic Assessment (PEA) under NI 43-101, reinforcing the Company's commitment to the technical and strategic advancement of this asset. Details of the 2025 Work Plan As part of the on ...

TORONTO, May 05, 2025 (GLOBE NEWSWIRE) -- Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold” or the “Company”) has filed on SEDAR+ a technical report prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) on the Mercur Project (“Mercur” or the “Project”), titled “Preliminary Economic Assessment NI 43-101 Technical Report on the Mercur Gold Project, Tooele & Utah Counties, Utah, USA” (the “Technical Report”). The Technical Report supports ...

Pre-tax NPV5% of US$701M at US$2,296/ozIncreasing to US$1.2Bn at US$3,000/oz TORONTO, April 22, 2025 (GLOBE NEWSWIRE) -- TRX Gold Corporation (TSX: TRX) (NYSE American: TRX) (the “Company” or “TRX Gold”) is pleased to announce positive results of a Preliminary Economic Assessment (the “PEA”) on the expansion of its Buckreef Gold Project (“Buckreef Gold”) in Tanzania. The PEA evaluated the following scenario: (i) an expansion and upgrade of the existing process plant at Buckreef Gold to 3,000 tonnes per day ...