Resource Estimation
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Pulsar Helium Reports Completion of Jetstream #7 and Commencement of Down-Hole Logging at the Topaz Helium Project, USA
Globenewswire· 2026-03-18 06:00
Core Viewpoint - Pulsar Helium Inc. has successfully completed drilling at the Jetstream 7 appraisal well, confirming a 100% success rate in encountering pressurized gas across all seven appraisal wells drilled at the Topaz Helium Project in Minnesota, USA, which is expected to enhance the company's commercial potential in helium supply [3][4][11]. Drilling and Testing Updates - The Jetstream 7 well reached a total depth of 2,979 feet (908 meters) on March 10, 2026, and encountered gas at approximately 2,107 feet (642 meters) with a preliminary bottom-hole pressure of about 953 psi [4][6]. - Down-hole logging of Jetstream 7 was completed on March 17, 2026, using a full suite of logging tools to gather detailed geological data [7]. - Flow and pressure build-up testing across the Jetstream wells is anticipated to commence in late March or early April 2026, following standard well preparation [9]. Geological Insights - The processing of 2D active seismic data acquired in February 2026 has been completed, confirming good quality data that will be interpreted to enhance the understanding of the Topaz helium system [10]. - The Topaz Helium Project has identified potentially saleable concentrations of helium, helium-3, and carbon dioxide, with helium-3 being noted for its strategic applications [11]. Company Strategy and Market Position - The company aims to become a leading supplier of primary helium to high-value industrial and specialty gas markets, leveraging the successful drilling campaign and the strategic importance of helium supply from stable jurisdictions [12].
Mithril Lidar Study Reveals 1.5 Km Trend And Historic Mines At La Dura Gold-Silver Project, Durango, Mexico
Thenewswire· 2026-02-25 12:30
Core Insights - Mithril Silver and Gold Limited has made significant progress in exploration at its Copalquin and La Dura properties in Durango State, Mexico, highlighted by the completion of a LiDAR survey over a 21 km² area [1][2][3] Exploration Progress - The LiDAR survey has revealed a structural corridor approximately 1.5 km long and 300 m wide, indicating high-priority drill targets, including the historic La Dura mine [2][3] - The company is advancing its Phase IV drilling at Target 1 in the Copalquin District, with ongoing drilling at Target 3 showing promising intersections of mineralized quartz veins [3][4] Drilling Plans - Mithril plans to conduct an aggressive exploration program in 2026, targeting up to 25,000 meters of drilling in the first eight months, focusing on expanding known mineralized zones and testing new high-priority targets [4][5] - The Copalquin District features over 100 historic underground workings, indicating a large epithermal silver-gold system with multiple target areas for potential resource growth [4][5] Historical Context - The La Dura property has a history of significant mining activity, including the four-level high-grade La Dura mine, and has been integrated into Mithril's portfolio [6][21] - The Copalquin mining district is recognized as a major epithermal center for gold and silver, with multiple mineralization events and extensive historic mine workings [21][22] Resource Estimates - The maiden resource estimate for Target 1 includes 28.6% classified as indicated, with a total of 691,000 tonnes at 5.43 g/t gold and 114.2 g/t silver, equating to approximately 121,000 ounces of gold and 2,538,000 ounces of silver [23][27] - The resource estimation is based on a cut-off grade of 2.0 g/t AuEq, with significant potential for both gold and silver extraction [24][25] Future Development - The company is focused on refining and prioritizing district-scale feeder targets at both properties, with ongoing aerial magnetic surveys and detailed mapping to support future drilling plans [3][7] - Mithril has an exclusive option to purchase 100% interest in the Copalquin mining concessions by paying USD 10 million by August 2028, indicating a strong commitment to the region [30]
Exxon working to determine gas resource at Stabroek Block, Guyana minister says
Reuters· 2026-02-19 17:28
Core Viewpoint - Exxon Mobil is actively working to assess the total natural gas resources at the Stabroek Block in Guyana, with the government emphasizing the need for further evaluation to understand the resource split between crude oil and gas [1]. Group 1: Company Actions - Exxon Mobil is leading the consortium operating the Stabroek Block and is in the process of estimating the resources available, which includes both crude oil and associated and non-associated gas [1]. - The last update from Exxon on the total resource estimate for the Stabroek Block was in 2022, reporting approximately 11 billion barrels of oil equivalent [1]. Group 2: Government Priorities - The Guyanese government, represented by the Minister of Natural Resources, Vickram Bharrat, is focused on developing onshore industrial projects that utilize gas, such as data centers and fertilizer plants [1]. - The government plans to explore export opportunities only after confirming that there is excess gas beyond domestic needs [1].
Canuc Drills 5 m of 10.02 g/t Au Near Surface in Gold Lens 1
Newsfile· 2025-12-01 14:00
Core Insights - Canuc Resources Corporation has announced positive results from its diamond core drilling program at Gold Lens 1, part of the East Sudbury Project, indicating high-grade gold mineralization [1][5]. Group 1: Drilling Results - The first three drill holes have been completed, with the third hole intersecting the main zone from 14.5 to 24.5 meters, assaying 5.11 g/t Au over a 10-meter interval, including a lower 5-meter section that assayed 10.02 g/t Au [5]. - A notable 1-meter interval within this lower section assayed 40.9 g/t Au, suggesting significant gold presence in the area [5]. - The drilling program aims to define the boundaries of Gold Lens 1 and assess the continuity of mineralization, with the zone identified over a strike length of 80 meters and widths ranging from 3 to 5 meters [3][4]. Group 2: Project Background - Gold Lens 1 is located adjacent to the historical North Pit Gold Mine, which has a history of gold production, and is estimated to have around 147 historical drill holes [2]. - The East Sudbury Project spans 19,710 hectares and is situated approximately 20 kilometers northeast of the Sudbury Mining Camp, an area known for its mineral wealth [11]. Group 3: Future Plans - The company plans to calculate a maiden resource for Gold Lens 1, which could lead to evaluating extractive opportunities in the area [9]. - There is an expectation of discovering additional gold lenses across the property, enhancing the potential for significant mineral endowment [9].
Aya Gold & Silver Categorically Rejects the Erroneous and Misleading Allegations Made Against the Company
Globenewswire· 2025-09-25 23:22
Core Viewpoint - Aya Gold & Silver Inc. strongly refutes the claims made in a short-seller report, asserting that the allegations are misleading and intended to benefit the short seller at the expense of shareholders [1][2]. Group 1: Resource and Operations - Aya has produced over 10 million ounces of silver since 2020, with production aligning with reserve estimates, reinforcing the reliability of its resource base [7]. - The resource model for Zgounder has been supported by extensive drilling, with a total of 121,500 meters completed by December 2021 and an additional 231,000 meters from December 2021 to June 2025, enhancing confidence in the resource base [7]. - The mineral resource estimate for Zgounder has been independently verified by P&E Mining Consultants Inc. in compliance with National Instrument 43-101 [4][7]. Group 2: Financial Strength - Aya maintains a robust balance sheet with approximately US$115 million in cash, allowing the company to self-fund growth initiatives and invest in the Boumadine project [6][7]. - The company generates operating cash flow from Zgounder, which supports its financial stability and growth plans [6][8]. Group 3: Future Developments - An updated technical report for Zgounder is expected to be published before the end of 2025, which will include a new mine plan incorporating both open-pit and underground operations [5][8]. - A Preliminary Economic Assessment (PEA) for Boumadine is also on track for release before year-end, indicating ongoing development and exploration efforts [7]. Group 4: Management and Governance - Aya's management is focused on maximizing shareholder value through sustainable operations and rigorous governance practices [12]. - The company emphasizes transparency and alignment with shareholders, rejecting irresponsible speculation and standing by its operational integrity [8][9].