Resource Conversion

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Heliostar Drills 88 m Grading 8.82 g/t Gold in Resource Conversion Drilling and Adds Third Drill Rig at Ana Paula
Newsfile· 2025-10-06 10:30
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].
Wesdome Provides Comprehensive Eagle River Exploration Update; High Grade 6 Central Zone Extended by 300 Metres with Intercepts Including 115.9 g/t Gold (Cut) Over 1.6 Metres (True Width)
Globenewswire· 2025-09-03 21:30
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].
Heliostar Drills 30.2m Grading 6.29g/t Gold in First Resource Conversion Holes at Ana Paula
Newsfile· 2025-08-27 10:30
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].
Probe Gold Announces Infill Drilling Results with Grades Up to 20.4 g/t Au Over 5.5 Metres (cut) at Novador Project, Quebec
Globenewswire· 2025-08-27 10:30
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].
Abcourt Intersects 24.3 g/t Over 1.9 m Including 41.9 g/t Over 0.6 m in the 785N Zone and Provides an Update on Its Sleeping Giant Activities
Globenewswire· 2025-05-08 11:00
Core Viewpoint - Abcourt Mines Inc. has reported new drilling results from the Sleeping Giant mine, indicating promising mineral resource potential and plans for rapid production ramp-up [1][3]. Drilling Results - In 2025, Abcourt completed 36 underground drill holes totaling 5,632 meters, with seven holes targeting the 785N zone for a total of 3,316 meters [2]. - The results from drill holes 78-888 and 78-890 show significant gold grades, including 59.25 g/t over 0.5 meters and 24.3 g/t over 1.9 meters, respectively [3][6]. Operational Updates - The company plans to add a third underground drill rig to accelerate the resource conversion drilling program [6]. - Abcourt has renewed its drilling contract with G4 Drilling to enhance its operational capabilities [8]. Financing Progress - The company is progressing with due diligence for an $8 million loan, which is crucial for mine development and production initiation [9]. Quality Control Measures - Drilling and core description work is supervised by qualified personnel, ensuring adherence to industry standards for quality assurance [10][12]. Future Plans - The company aims to maximize the conversion of inferred resources into indicated resources and update the mineral resource estimate for the Sleeping Giant property [11].