TORONTO, Jan. 22, 2026 (GLOBE NEWSWIRE) -- Talisker Resources Ltd. (“Talisker” or the “Company”) (TSX:TSK | OTCQX:TSKFF) is pleased to announce results from the first 20 drill holes from late 2025, predominantly targeting dip and strike extensions on the Alhambra, BK, and BK-9870 veins at its currently producing Mustang Mine. Highlights from the first 20 drill holes (all underground) include: UB-2025-001 - 46.50 g/t Au over 0.70 m within 27.38 g/t Au over 1.20 m on the Alhambra VeinUB-2025-002 - 26.00 g/t A ...

Core Insights - New Found Gold Corp. has commenced its 2026 drill program at the Queensway Gold Project, focusing on resource conversion and exploration targets [1][3] - The K2 zone has shown consistent gold mineralization, with results aligning closely with the initial mineral resource block model, indicating potential for resource growth [3][11] 2026 Drill Program and Exploration Update - The 2026 drill program includes four active rigs focusing on infill drilling at the K2 and Cokes zones, aiming to convert inferred resources to indicated [4] - Exploration drilling is set to begin at the newly acquired Bullseye mineral license, targeting a 500 m corridor along the Appleton Fault Zone [4] - Regional exploration efforts are ongoing, with soil sampling programs designed to generate new trenching and drill targets for future advancement [5] K2 Infill Summary and Results - The K2 zone is defined by a mineralized footprint of approximately 490 m in length and 395 m in width, with gold mineralization starting at the surface and extending to a maximum depth of 250 m [6] - Initial 2025 K2 infill results have been released, with additional drilling continuing to demonstrate consistent gold mineralization [10][11] - Notable drill results include intersections of 5.22 g/t Au over 14.90 m and 18.9 g/t Au over 2.40 m, among others [8][12] 2025 Drill Program Summary - The 2025 drill program involved 74,377 m of drilling across 614 diamond drill holes, with 75% focused on the AFZ Core area [16] - Approximately 50% of the results from the 2025 drilling remain outstanding, including results from various zones and ongoing grade-control drilling [17] Future Plans - The 2026 infill drilling will initially target PEA Phase 2 open pit resource conversion, transitioning to Phase 3 underground resource conversion later in the year [18] - Additional grade-control drilling is planned for the Iceberg excavation, with potential expansions at the Keats and Iceberg excavations [19] - Exploration drilling will focus on resource expansion at the AFZ Core and advanced targets at Queensway South, expected to commence in H2/26 [21]

Core Viewpoint - Cygnus Metals Limited is focusing on resource growth at its Chibougamau Copper-Gold Project in Quebec, identifying high-priority gold drilling targets with significant potential for high-grade mineralization [2][4][10]. Exploration and Drilling Targets - The company has identified two high-priority drill targets, Gwillim and Joe Mann, both known for substantial high-grade gold mineralization and limited modern exploration [4][6]. - Gwillim Project, a joint venture with Alamos Gold, is located 12 km from the Chibougamau processing facility and has historical production of 39,000 ounces at a grade of 4.8 g/t [5]. - Joe Mann Project, located 46 km south of the processing facility, produced 1.2 million ounces at a grade of 8.3 g/t before its closure in 2007 and has an inferred resource of 0.7 million tonnes at 6.0 g/t [6][10]. Significant Intersections - Recent drilling at Gwillim has returned notable intersections, including: - 7.6 m at 38.1 g/t Au from 314.9 m [7] - 15.2 m at 9.4 g/t Au from 155.1 m [7] - 16.4 m at 8.3 g/t Au from 168.3 m [7] - At Joe Mann, significant intersections include: - 0.7 m at 480.2 g/t Au from 92.3 m [13] - 3.8 m at 20.8 g/t Au from 287.2 m [13] - 8.4 m at 6.3 g/t Au from 175.6 m [13] Resource Estimates - The current resource at the Chibougamau Project is estimated at 6.4 million tonnes at 3.0% CuEq for 193,000 tonnes CuEq (Measured & Indicated) and 8.5 million tonnes at 3.5% CuEq for 295,000 tonnes CuEq (Inferred) [6][10]. - The Golden Eye deposit has an indicated resource of 0.5 million tonnes at 5.6 g/t AuEq for 91,000 ounces AuEq and an inferred resource of 1.2 million tonnes at 4.6 g/t AuEq for 182,000 ounces AuEq [10]. Infrastructure and Strategic Position - The Chibougamau area has well-established infrastructure, including a processing facility with a capacity of 900,000 tonnes per annum, which is the only facility within a 250 km radius [11]. - This infrastructure provides a significant advantage for the development of copper-gold opportunities in the region [11].

Core Viewpoint - Surge Copper Corp. has successfully completed its 2025 drilling and field program at the Berg Project, advancing towards a Pre-Feasibility Study (PFS) scheduled for H1-2026, with significant findings in resource category conversion and environmental assessments [1][3][4]. Group 1: Drilling Program Highlights - The 2025 program included 4,143 meters of diamond drilling, focusing on resource conversion, acid rock drainage characterization, and geotechnical investigations [6][30]. - Four infill drill holes targeting the outer margins of the deposit intersected continuous porphyry-style mineralization, expected to support the conversion of Inferred resources to Measured and Indicated categories [4][14]. - Resampling of historic core revealed a significant silver component in the northwest portion of the deposit, enhancing copper-equivalent values and indicating potential for resource upgrades [3][4]. Group 2: Resource Conversion and Assay Results - The drilling program successfully upgraded Inferred resources to Measured and Indicated categories, with all holes intersecting continuous mineralization below the PEA pit boundary [14][18]. - Notable assay results include hole BRG25-259, which returned 235 meters grading 0.31% copper equivalent, and hole BRG25-260, which returned 279 meters grading 0.20% copper equivalent [15][20]. - The re-assay program increased the dataset to 26,797 unique assay intervals, with 82.6% now including gold and silver analyses, significantly improving the quality of the dataset for future resource estimation [37][41]. Group 3: Environmental and Geotechnical Studies - Dedicated acid rock drainage and geotechnical drilling programs provided critical data for mine design and permitting, including the characterization of soil and rock properties [4][8]. - Preliminary static test results from the ARD holes indicate a transition to non-acid-generating rock with increasing distance from the deposit center, aiding in future mine planning [30][32]. - Baseline environmental studies continued, including fish habitat assessments and hydrometric station installations for water flow data collection [8].

Core Viewpoint - Liberty Gold Corp. has announced strong oxide gold assay results from nine infill drill holes in the Discovery Zone at its Black Pine Gold Project, indicating significant potential for resource conversion and mine design [1][2][5]. Summary by Sections Drill Results - Drill hole LBP1171 reported 1.53 g/t Au over 85.3 meters, including 5.19 g/t Au over 9.1 meters, marking it as the highest unmined intercept at Black Pine based on grade-thickness [1][7]. - Drill hole LBP1155 showed 1.17 g/t Au over 59.4 meters, with a high-grade section of 3.44 g/t Au over 15.2 meters [1][7]. - Other notable results include 2.44 g/t Au over 10.7 meters in hole LBP1168 and 2.35 g/t Au over 10.7 meters in hole LBP1139, demonstrating excellent continuity of near-surface oxide mineralization [1][7]. Project Development - The ongoing feasibility drill program is approximately 40,000 meters, aimed at supporting resource conversion, metallurgical modeling, geotechnical studies, and mine design [1][3]. - The results from the first nine drill holes are part of a planned 35-40 hole program, reinforcing the continuity of high-grade domains in the Discovery Zone [3][5]. Future Plans - The company is currently utilizing multiple drill rigs for resource conversion and expansion, with additional assays pending [9]. - A geotechnical rig is expected to arrive in early November to complete site soil engineering works, further supporting the project’s development [9]. Company Overview - Liberty Gold focuses on developing open-pit oxide deposits in the Great Basin, a region known for its prolific gold production [11]. - The Black Pine Project is a past-producing, Carlin-style gold system with a growing resource and strong economic potential [11].

Core Insights - Liberty Gold Corp. has reported strong results from its ongoing 40,000 meter feasibility reverse circulation drill program at the Black Pine Gold Project in southeastern Idaho, aimed at resource infill, technical compliance, and resource expansion [2][3] Drilling Results - Recent drilling results from 14 holes totaling 2,979 meters confirm the growth of the Rangefront Zone, expanding the near-surface oxide gold zone to over 150 meters wide (north-south) and over 200 meters wide (east-west) [3][10] - Significant drill results include: - 0.41 g/t Au over 41.1 meters in LBP1145 at 45 meters below surface - 0.92 g/t Au over 35.1 meters in LBP1141 - 0.28 g/t Au over 125 meters in LBP1136 - 0.20 g/t Au over 53.3 meters in LBP1141 - 0.37 g/t Au over 71.6 meters in LBP1144 [10][12] Resource Expansion Potential - The newly expanded near-surface oxide gold zone introduces potential changes to mining economics and sequencing strategy, as previously defined in the 2024 Preliminary Feasibility Study [3][10] - The Rangefront area is emerging as a cornerstone growth area for the Black Pine Project, strategically located adjacent to infrastructure and the proposed leach pad [10][12] Future Plans - Additional metallurgical drilling is planned for Q4 2025 to improve coverage of the expanded resource areas for the Feasibility Study [10] - Approximately 50 additional RC and core holes and 15,000 meters of drilling are planned for 2025 [10][12] Historical Context - The Rangefront Area has seen 14,289 meters of drilling completed in 2025, with another 15,000 meters planned, building on the 14,817 meters drilled in 2024, which were not included in the 2024 Preliminary Feasibility Study [12][13] - The currently defined Rangefront Area is a 1,500 x 1,200 x 300 meters thick zone of continuous oxide gold mineralization, with a resource estimate of 1,619,000 Indicated and 296,000 inferred ounces of gold [13]

Core Viewpoint - Heliostar Metals Ltd. is advancing its drilling program at the Ana Paula project in Mexico, aiming to convert inferred resources into higher confidence classifications and support a feasibility study for future production [3][4]. Drilling Program - The company has initiated a 15,000 metre drill program at the Ana Paula project, with the addition of a third drill rig to accelerate the process [3][5]. - A total of 24 holes have been completed, amounting to 6,529 metres drilled to date, focusing on defining the High Grade Panel [5][14]. - The drilling approach has been modified to enhance the identification of continuous and higher-grade gold mineralization [5]. Drill Results Summary - Significant drill results include hole AP-25-329, which returned an interval of 88.05 metres grading 8.82 grams per tonne (g/t) gold, with notable intercepts of 35.5 metres grading 13.03 g/t gold [7][9]. - Hole AP-25-327 also showed promising results, including 21.7 metres grading 2.75 g/t gold and 14.3 metres grading 4.19 g/t gold [7][9]. - Geotechnical holes AP-25-326 and AP-25-328 returned results in line with expectations, supporting mine development planning [10]. Future Plans - The company plans to make a construction decision for the Ana Paula project based on the feasibility study, targeting production of 100,000 ounces of gold per year by 2028 [4][14]. - Additional drill results are expected to be released in early November, with ongoing drilling focused on the less well-defined western edge of the High Grade Panel [14]. Company Overview - Heliostar Metals Ltd. operates gold mining projects in Mexico, including the La Colorada and San Agustin mines, and has a portfolio of development projects in both Mexico and the USA [20].

Core Viewpoint - Wesdome Gold Mines Ltd. is optimistic about the exploration results at its Eagle River mine, particularly in the 6 Central Zone, which has shown significant potential for resource expansion and high-grade mineralization [2][5][10]. Exploration Activities - The 6 Central Zone has been extended by 300 meters, now totaling over 600 meters down-plunge, with high-grade intercepts reminiscent of earlier drill results in the 300 Zone [2][9]. - Drilling at Falcon 311 is extending mineralization down-plunge and to the west, while early surface drilling at Falcon 720 has returned visible gold and anomalous intercepts [3][16]. - The 300 Zone's structural reinterpretation indicates the presence of discrete mineralized lenses, opening new exploration avenues with high-grade trends continuing down dip and laterally [3][12][13]. Drilling Results - Significant drill results include: - Hole 758-E-580: 115.9 g/t Au over 1.8 m core length - Hole 758-E-570: 49.1 g/t Au over 2.2 m core length - Hole 25-805-12: 47.0 g/t Au over 3.4 m core length [6][7][67]. - The drilling program has confirmed high-grade trends and resource expansion potential across multiple zones, including the 6 Central, 300, and Falcon zones [5][67]. Regional Exploration - Drilling across multiple targets continues to validate the exploration model, with high-grade surface drilling results indicating strong potential for extensions [4][21]. - A total of 176 exploration targets have been identified, with 40 earmarked for short-term exploration work [21][22]. Future Plans - The company plans to continue drilling into 2025 to follow up on promising developments and aims to convert as much material as possible before the year-end drilling cutoff date [5][19]. - A nine-month program has been launched to advance exploration, with four rigs currently drilling the first 40,000 meters [19][23]. Technical Reporting - A global model initiative is underway, targeting both underground and surface material near existing infrastructure, with the potential to upgrade resources to a higher-confidence category [18][19]. - An updated technical report is expected in mid-2026, incorporating results from ongoing drilling programs [19].

Core Viewpoint - Heliostar Metals Ltd. has announced promising initial results from its ongoing 15,000 metre drill program at the Ana Paula project in Guerrero, Mexico, aimed at converting inferred resources to higher confidence classifications and supporting a Feasibility Study [3][4]. Drilling Program - The drilling program involves two rigs and has completed 18 holes with a total of 5,556 metres drilled to date, focusing on defining the High Grade Panel's overall orientation [5]. - The drilling approach has been modified to rotate by approximately 90 degrees from historic intercepts, leading to more continuous and higher-grade gold mineralization [5]. Drill Results Summary - Significant results include Hole AP-25-325, which intercepted 30.2 metres grading 6.29 grams per tonne (g/t) gold from 195.8 metres, and Hole AP-25-323, which returned 12.2 metres grading 8.73 g/t gold from 344.5 metres [7][8]. - Additional intercepts from AP-25-325 include 14.75 metres grading 13.6 g/t gold from 153.5 metres and 4.5 metres grading 12.6 g/t gold from 277.5 metres [9]. Future Plans - The company plans to continue releasing consistent drill results monthly from Ana Paula throughout 2025 and into 2026, with the next results expected in mid- to late September [4][10]. Company Overview - Heliostar Metals Ltd. is a gold mining company with operations in Mexico, including the La Colorada Mine and the San Agustin Mine, and holds several development projects in Mexico and the USA, including the Ana Paula project [20].

Core Viewpoint - Probe Gold Inc. has announced significant results from its 50,000-metre winter infill drill program at the Novador property, confirming strong continuity of mineralization and highlighting expansion potential, which will support the upcoming pre-feasibility study (PFS) [1][2]. Group 1: Drill Program Results - The infill drill program has completed 28 drill holes totaling 9,264 metres, returning significant gold intercepts from near-surface to approximately 200 metres vertical depth, with high-grade gold intercepts found deeper in the Creek deposit areas [1][2]. - Notable drill results include intercepts of 21.8 g/t Au over 2.0 metres and 40.1 g/t Au over 1.0 metre in the New zone, as well as 39.1 g/t Au over 1.0 metre in the Creek 023 zone [3][4]. Group 2: Project Development and Future Plans - The results from the drilling program will enhance 3D models and support resource conversion for the upcoming PFS, which is expected to be completed by year-end 2025 [2][4]. - The company is making progress on permitting, resource growth, and mine plan optimization, with a strong treasury supporting its commitment to developing Novador as a top-tier gold project [2][12]. Group 3: Geological Context - Mineralization along the Courvan trend is characterized by shallow-dipping East-West gold-bearing veins associated with shear zones intersecting the Bourlamaque granodiorite batholith, with gold primarily found in sulphide-bearing quartz-carbonate-tourmaline veins [8]. - The Bussiere deposit remains open laterally and at depth, indicating further exploration potential [8]. Group 4: Company Overview - Probe Gold Inc. is focused on the acquisition, exploration, and development of gold properties, owning 100% of the Novador Gold Project and controlling a large land package of approximately 1,798 square kilometres in Quebec [13]. - The Novador project hosts four past-producing mines and contains 80% of the company's gold resources in Val-d'Or East, with a robust mining plan projecting an average annual gold production of 255,000 ounces over a 12.6-year mine life [12][13].