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Canuc Drills 5 m of 10.02 g/t Au Near Surface in Gold Lens 1
Newsfile· 2025-12-01 14:00
Canuc Drills 5 m of 10.02 g/t Au Near Surface in Gold Lens 1December 01, 2025 9:00 AM EST | Source: Canuc Resources CorporationToronto, Ontario--(Newsfile Corp. - December 1, 2025) - Canuc Resources Corporation (TSXV: CDA) (OTCQB: CNUCF) (WKN: A14ZX4) ("Canuc" or the "Company") is pleased to announce results for the first 3 holes of a diamond core drilling program testing Gold Lens 1 on the Company's 100% owned East Sudbury Project (ESP).Gold Lens 1 is located directly beside the past producin ...
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].