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Goldshore Announces Name Change to Gold X2 Mining, Appointment of Tom Obradovich to the Board of Directors, Corporate Update and Management Transition
Newsfile· 2025-09-02 16:37
Company Update - Goldshore Resources Inc. has officially changed its name to Gold X2 Mining Inc., with the new ticker symbol "[AUXX]" set to commence trading on the TSX Venture Exchange on September 4, 2025 [2][3] - Tom Obradovich has been appointed to the Board of Directors, bringing over 42 years of experience in mining exploration, development, and financing [4][5] - The company has completed the repurchase of a 1% NSR from Wesdome Gold Mines, enhancing the long-term economics of the Moss Gold Project [12] Project Development - Gold X2 Mining is focused on advancing the Moss Gold Project, aiming to build a top-10 producing gold mine in Canada through holistic de-risking strategies [6][10] - A Preliminary Economic Assessment (PEA) and an updated Mineral Resource Estimate (MRE) are scheduled for release in Q4 2025, incorporating over 21,000 meters of new drilling data [6][10] - The current MRE for the Moss Gold Project includes 1.54 million ounces of Indicated gold resources at 1.23 g/t Au and 5.20 million ounces of Inferred gold resources at 1.11 g/t Au [14] Financial and Operational Strategy - The company is well-funded to execute its corporate objectives through Q1 2026, supporting a 50,000-meter drill program [6][10] - Juciane Gomes Goncalves will assume the role of Interim Chief Financial Officer following the departure of Erica Borgstrom, ensuring continuity in financial strategy [9] - The company is targeting a potential listing on a major U.S. exchange in the second half of 2026 [12]
Hillgrove Resources (HGO) 2025 Earnings Call Presentation
2025-08-04 08:50
Corporate Overview - Hillgrove Resources has a share price of $0.036 and a market capitalization of $94 million [9] - The company possesses $11 million in cash and $282 million in income tax losses [9] - Freepoint Metals & Concentrates is a major shareholder with 18.9% ownership, followed by Ariadne Australia with 10.3% [9] Production and Cost Metrics (June 2025 Half) - Total tonnes processed reached 669kt with a grade of 0.88% [25] - Copper production amounted to 5,545 tonnes, and payable copper sold was 5,481 tonnes at an average realized price of A$14,232 per tonne [25] - C1 Costs were A$4.68/lb, and All-in Cost excluding Nugent was US$4.10/lb [25] Resource and Reserve - The 2024 Kanmantoo Mineral Resource Estimate is 19.3Mt grading 0.77% Cu and 0.14g/t Au, containing 150kt Cu and 82koz Au [30] - The 2024 Maiden Ore Reserve is 2.8Mt grading 0.91% Cu and 0.15g/t Au, containing 26kt Cu and 14koz Au [30] - Compared to the 2022 Mineral Resource Estimate, there was a 96% increase in contained copper and a 138% increase in contained gold [31] Future Plans - The company plans approximately 20 Km of drilling in 2025 targeting resource expansion, with an early focus on Valentines, Kavanagh, and Nugent [32] - Nugent development aims to reduce mining and processing unit costs by approximately 15-20% [23]
Revival Gold Commences 2025 Field Work and Provides Operational Update
Globenewswire· 2025-05-20 11:30
Core Viewpoint - Revival Gold Inc. has commenced field work for its gold development projects in Utah and Idaho, focusing on enhancing project value through various operational activities [1]. Group 1: Mercur Gold Project, Utah - Field work is actively progressing at the Mercur Gold Project, with plans for drilling, metallurgical de-risking, and archaeological data collection to support permitting [4]. - A comprehensive soil sampling program has been completed, involving approximately 1,000 soil samples over 5.7 square kilometers, aimed at establishing geochemical data for resource conversion and expansion drilling [6]. - Archaeological surveys have been conducted to support permitting for planned drilling, with further surveys expected later this year [6]. - Drill permitting and preparations are underway for a proposed program of approximately 13,000 meters of drilling in 2025, with permit applications submitted and approvals anticipated this summer [6]. Group 2: Beartrack-Arnett Gold Project, Idaho - The Beartrack-Arnett project is prioritized for exploration of its high-grade underground potential, with ongoing metallurgical testing and exploration drilling preparations [4]. - Approximately 60 kilograms of drill core samples from the Joss target area have been submitted for metallurgical testing to evaluate the effectiveness of specific gold extraction processes [6]. - A follow-up drilling program of approximately 4,000 meters is proposed for targets along the mineralized strike, with drill permitting already in place [6]. Group 3: Company Overview - Revival Gold is recognized as one of the largest pure gold mine developers in the United States, advancing the Mercur Gold Project and Beartrack-Arnett Gold Project [7]. - The company is listed on the TSX Venture Exchange under the ticker "RVG" and on the OTCQX Market under "RVLGF," with headquarters in Toronto and an exploration office in Salmon, Idaho [7].