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Resource Upgrade Drilling Begins on Challenger Open Pits
Accessnewswire· 2026-02-01 23:05
Core Viewpoint - Barton Gold Holdings Limited has commenced resource upgrade drilling at its Challenger Gold Project, aiming to establish initial 'Stage 1' Ore Reserves and a Definitive Feasibility Study (DFS) by June 30, 2026 [1] Group 1: Drilling and Resource Upgrade - The drilling program will involve up to 8,000 meters of reverse circulation (RC) drilling targeting the Challenger 'Main', 'Challenger West' open pits, and additional targets at 'Challenger South-Southwest' and 'Challenger 3' [1] - The objective of the DFS is to create a viable, simplified 'baseline' Stage 1 operation that will support the restart of the Central Gawler Mill (CGM) and maximize development options for Challenger, Tarcoola, Wudinna, and Tolmer projects [1] Group 2: Financial and Operational Strategy - Discussions are ongoing with credit, minerals trading, and investment groups to finance Stage 1 operations, with a target for JORC (2012) Ore Reserves and DFS completion by June 30, 2026 [1] - The DFS aims to establish a low-risk development plan that utilizes historical higher-grade tailings and near-surface materials, deferring the technical risks and costs associated with underground operations [1] Group 3: Resource Estimates and Future Plans - In September 2025, Barton published a new Challenger JORC (2012) Mineral Resources Estimate of 313,000 ounces of gold (10.6 million tonnes at 0.92 g/t), primarily located near existing serviceable open pit and underground development [1] - The company is also advancing its Tunkillia Gold Project, targeting a Mining Lease application by the end of 2026, which is expected to enhance overall production capabilities [1]
Sage Potash Announces Unit Financing
Newsfile· 2025-12-09 00:37
Core Viewpoint - Sage Potash Corp. is initiating a non-brokered private placement to raise up to $7 million through the sale of 35 million units at a price of $0.20 per unit, which will support key engineering recommendations and operational activities [1][3]. Group 1: Offering Details - The offering consists of units, each comprising one common share and one purchase warrant, with the warrants exercisable at $0.30 for three years [2]. - All securities issued will be subject to a hold period of four months and one day from the issuance date [2][4]. Group 2: Use of Proceeds - Proceeds from the offering will primarily fund the commencement of work recommended by RESPEC LLC, including drilling a stratigraphic hole, drill core analysis, and engineering review [3]. - Additional funds will be allocated for working capital and general administrative expenses [3]. Group 3: Strategic Importance of Drilling - The stratigraphic drillhole aims to provide critical data for mine design and enhance confidence in resource estimates, potentially upgrading resources from inferred to indicated and measured categories [5]. - The drill results will facilitate the initiation of a Bankable Feasibility Study, with high geological confidence based on existing seismic data and nearby well results [5]. Group 4: Company Overview - Sage Potash Corp. is focused on developing its Sage Plain Potash Project in the Paradox Basin, Utah, aiming to establish a sustainable domestic potash production platform [6]. - The company emphasizes its commitment to food security, environmental stewardship, and shareholder value creation [6].
Blue Moon Receives Environmental Permits and Awards Mining Contract for Tunnel Extension at NSG in Nordland County, Norway
Globenewswire· 2025-07-09 10:45
Core Points - Blue Moon Metals Inc. has received environmental permits from the Norwegian Environmental Agency and awarded a contract to Fauskebygg AS for the extension of its Rupsi tunnel at Nye Sulitjelma Gruver AS [1][2] - The tunnel extension will enhance exploration drilling efficiency for the Rupsi/Dypet deposits, with a planned 10,000 m exploration drilling program aimed at upgrading resources and gathering geotechnical and metallurgical data [2][3] - The current Inferred Resource of the Rupsi Deposit is 9.258 million tonnes at 1.19% copper and 0.31% zinc, as per an NI 43-101 Technical Report [2] - The contractor selection process prioritized health & safety, local employment, cost, and performance, with activities expected to commence in late Q3-2025 and complete by Q3-2027 [3] - The exploration program will include geological mapping, soil and core geochemistry analysis, geophysical surveys, and relogging of historical drill core [3] Company Overview - Blue Moon is advancing three brownfield polymetallic projects in Norway and the United States, including the Nussir copper-gold-silver project and the NSG copper-zinc-gold-silver project [5] - The projects are strategically located with existing local infrastructure, and zinc and copper are identified as critical metals for the global economy and national security [5] Contractor Information - Fauskebygg AS, established in 1946, has over 75 years of experience in construction and is focused on local projects in northern Nordland, offering services in civil engineering and construction [6]