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Armory Mining Plans Exploration Program at the Ammo Antimony-Gold Project
Thenewswire· 2025-11-20 08:05
Core Insights - Armory Mining Corp. has initiated planning for a phase one exploration program at the Ammo antimony-gold project in Nova Scotia, Canada [1][3] - The Ammo project encompasses over 3,000 hectares and is adjacent to the historical West Gore antimony-gold mine, which produced these minerals prior to World War I [2] - The initial phase will involve prospecting, reconnaissance, sampling, and geophysics, with a budget of up to $500,000 CAD allocated for this exploration [3] Company Overview - Armory Mining Corp. focuses on minerals critical to the energy, security, and defense sectors [6] - The company holds an 80% interest in the Candela II lithium brine project in Argentina and a 100% interest in the Riley Creek antimony-gold project in British Columbia, along with an option to acquire a 100% interest in the Ammo project [6] Strategic Goals - The CEO emphasized the importance of identifying domestic sources of critical minerals and advancing current assets [4]
Collective Metals Announces Letter of Intent to Acquire the Rocas Uranium Project
Globenewswire· 2025-09-18 12:00
Core Viewpoint - Collective Metals Inc. has signed a non-binding Letter of Intent to acquire a 75% interest in the Rocas Uranium Project, located in the eastern Athabasca Basin, which is significant for Canadian uranium exploration and production [1][3]. Project Overview - The Rocas Project spans 4,002 hectares and is situated 75 kilometers southwest of the Key Lake Mine and Mill facilities [7]. - The project features over 7.5 kilometers of exploration strike length along a magnetic low trend, with uranium mineralization identified at the surface [5][7]. - Historical mineralized outcrop grab samples along approximately 900 meters of strike length have been recorded, grading up to 0.50 wt.% U3O8, with no prior drilling conducted [5][7]. Exploration Potential - A high-resolution ground gravity survey completed in 2024 has identified potential alteration halos and high-priority exploration targets along well-defined structural corridors [5][9]. - Four new drill target zones have been established based on the confluence of low gravity anomalies, historical surface mineralization, lakebed geochemical anomalies, EM conductors, and cross-cutting fault zones [12]. Financial Terms of the Option Agreement - The proposed option agreement includes cash payments, share issuances, and exploration expenditures over three years, totaling $225,000 in payments, $725,000 in shares, and $4,500,000 in exploration expenditures [13]. - The Optionors will act as the operator of the project for the first three years, charging a fee that starts at 10% in Year 1 and increases to 12% in Years 2 and 3 [14]. Joint Venture Intent - The parties intend to form an unincorporated joint venture for the further development of the Rocas Project, with the LOI being non-binding and subject to the finalization of definitive documentation [15].
ONGold Initiates Infill Sampling Program to Recover Missing Tungsten and Gold Assays at Monument Bay for Enhanced Resource Modeling and Development
Newsfile· 2025-09-02 11:30
Core Insights - ONGold Resources Ltd. has initiated an infill sampling program at the Monument Bay deposit to recover previously unassayed tungsten and gold intervals, which could significantly enhance future resource estimates [2][4][8] - The current market price for tungsten oxide is reported at US$42,313 per metric tonne, indicating a rising global demand for tungsten [2][22] - Historical drilling has shown significant gold-tungsten intercepts, with many gold assays not previously analyzed for tungsten, highlighting the potential for resource expansion [5][21] Company Developments - The infill sampling program aims to analyze over 13,400 preserved sample pulps for tungsten, which are located within the modeled gold domain of Monument Bay [4][8] - CEO Kyle Stanfield emphasized the importance of this initiative in unlocking the full potential of the Monument Bay deposit, positioning it as a multi-commodity asset [8] - Historical data indicates that previous operators only assayed 10% of the split core for tungsten, suggesting substantial untapped resource potential [2][4] Industry Context - Tungsten is classified as a "High-Demand Critical Mineral" due to its unique properties and applications in various industries, including aerospace and medical [3] - North America currently lacks active primary tungsten mining operations, with China dominating over 80% of global production [22] - The Sisson Tungsten-Molybdenum Project in New Brunswick is one of the most advanced tungsten exploration initiatives in Canada, indicating a growing interest in tungsten resources [23]
Minaurum Accelerates Exploration with Mobilization of Additional Drill Rigs at Alamos Silver Project
Newsfile· 2025-08-25 12:30
Core Insights - Minaurum Gold Inc. has mobilized four drill rigs for its 10,000-meter infill drill program at the Alamos Silver Project in Sonora, Mexico, with over 3,000 meters already drilled targeting key zones [1][2] - The company aims to fast-track exploration and is looking forward to upcoming drill results that will contribute to the maiden resource estimate for the project [2] Company Strategy - The addition of senior resource development experts from SilverCrest and the discovery of a stacked vein system at Promontorio are key components of Minaurum's aggressive exploration strategy [2] - Minaurum emphasizes a socially and environmentally responsible approach to drilling, utilizing mobile, modular, man-portable core-drilling rigs [2] Project Overview - The Alamos Silver Project is a 100% owned, production-permitted high-grade silver project located in southern Sonora, Mexico [6] - The project is part of a broader portfolio of district-scale projects in Mexico, managed by a strong technical and finance team [6]
Belmont Resources Appoints Patrick Brandl as Interim President and CEO
Thenewswire· 2025-07-23 13:20
Core Viewpoint - Belmont Resources Inc. has appointed Patrick Brandl as Interim President and CEO, succeeding George Sookochoff, who will remain on the Board of Directors to ensure leadership continuity during the transition [1][3]. Leadership Transition - Patrick Brandl, a Director since 2023, has over a decade of experience in corporate governance and strategic development in the resource sector [2]. - His role as a representative of HMS Bergbau AG, a major shareholder, indicates a closer alignment between the company's leadership and its financial partners [2]. Strategic Focus - The appointment of Mr. Brandl supports Belmont's commitment to advancing exploration projects, strengthening capital position, and creating long-term shareholder value [3]. Project Portfolio - Belmont has a diverse portfolio including copper, gold, lithium, uranium, and rare earth projects located in British Columbia, Saskatchewan, Washington, and Nevada [5]. Key Projects - **Come By Chance (CBC) Property**: Recently completed a 2,000-meter drilling program with ongoing core logging and regular sample analysis [6]. - **Athelstan-Jackpot (A-J) Gold Project**: Includes two past producing mines with a total yield of 7,600 ounces of gold and 9,000 ounces of silver. A 1,500-meter gold trend with extensive surface mineralization has been identified [7][8]. - **Crackingstone Uranium Project**: Located in Saskatchewan's Athabasca Basin, it has historic grab sample grades of up to 15.6% U₃O₈ and previous mining produced 11 tons at an average grade of 2.3% U₃O₈. A comprehensive drilling program of 10,000 meters is planned [9][10]. - The Crackingstone property benefits from excellent infrastructure and includes evaluations for rare earth element potential [11]. Partnerships and Investments - **Lone Star Copper-Gold Project**: 50% optioned to Marquee Resources, which has invested $2.5 million in drilling and completed a new resource assessment [12]. - **Kibby Basin Lithium Project**: 80% optioned to Marquee Resources, which has also invested $2.5 million in drilling, confirming high levels of lithium-bearing sediments [12].
Makenita Resources Receives Drill Permit for Ontario Silver-Cobalt Project, Set to Commence Maiden Drilling Campaign
Newsfile· 2025-06-02 07:01
Core Insights - Makenita Resources has received final regulatory approval for its drilling permit at the Hector Silver/Cobalt Property in Ontario, allowing the company to commence its maiden drilling campaign [1][2][3] - The Hector Property consists of 126 unpatented mineral claims covering 2,243 hectares, with initial drilling targeting high-priority zones identified through geological assessments [2] - The company has achieved full DTC eligibility for its U.S. trading symbol, KENYF, facilitating easier trading for American investors [3][4] Company Developments - The commencement of drilling is expected to generate significant news flow and market interest, marking a pivotal moment for Makenita Resources [3][4] - The Hector Silver/Cobalt Project is positioned in a mining-friendly jurisdiction with a history of silver and cobalt production, enhancing its strategic value [4] - The company aims to leverage positive commodity fundamentals and a tightly held share structure to establish itself as a compelling exploration story in the North American resource sector [4]