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Erdene Enters Agreement to Acquire Tereg Uul Copper-Gold Porphyry Prospect
Globenewswire· 2025-07-03 11:00
Tereg Uul Tereg Uul exploration license location HALIFAX, Nova Scotia, July 03, 2025 (GLOBE NEWSWIRE) -- Erdene Resource Development Corporation (TSX:ERD | MSE:ERDN) (“Erdene” or the “Company”) is pleased to announce the execution of an option agreement to acquire an up to 80% ownership interest in the Tereg Uul copper-gold porphyry prospect, located approximately 10 kilometres southwest of the Oyu Tolgoi deposit. Peter Akerley, Erdene’s President and CEO stated, “We are excited to explore for copper an ...
Antipa Minerals set to unlock gold-copper potential in WA's booming Paterson Province
Proactiveinvestors NA· 2025-06-19 07:01
Core Insights - The Paterson Province in Western Australia is emerging as a global exploration hotspot, attracting major players like Greatland Gold and Rio Tinto, with Antipa Minerals Ltd strategically positioned to capitalize on this trend [1][8]. Company Overview - Antipa Minerals holds over 4,100 square kilometers of exploration tenements and is advancing its flagship Minyari Dome Gold-Copper Development Project, located near significant deposits like Greatland's Telfer mine and Rio Tinto's Winu project [2][9]. - The Minyari Dome project hosts a resource of 2.9 million ounces of gold equivalent, including 2.4 million ounces of gold and 69,000 tonnes of copper, making it a cornerstone of Antipa's growth strategy [9][11]. Exploration and Development - Antipa is expanding its exploration beyond Minyari Dome, focusing on targets like Parklands and Jezabeel, which show large surface gold anomalies [4][20]. - The company is conducting a robust exploration program, including a Phase 1 drilling program with 57 reverse circulation holes and four diamond core holes, aimed at extending known mineralization [15][19]. Financial Position - Antipa has a strong financial position with a cash balance of $40 million and zero debt, allowing for accelerated exploration and development without external funding [23][26]. - The company's market capitalization stands at $437 million, supported by institutional backing from companies like Greatland Gold and IGO [26]. Leadership and Strategy - Antipa is led by an experienced team, including CEO Roger Mason, who has 37 years of experience in exploration and mining operations, providing the company with the necessary expertise to advance its projects [27][32]. - The company is committed to responsible and sustainable development, focusing on building relationships with local communities and stakeholders [31][32]. Future Outlook - Antipa's ongoing drilling campaigns and exploration programs are expected to generate significant news flow throughout 2025, with the potential for new gold and copper discoveries [33].
Callinex Received 2-Year Exploration Permit for Pt. Leamington Project, Newfoundland
Globenewswire· 2025-06-12 12:30
Highlights: Callinex secured a 2-year exploration permit, valid through June 2027, allowing for ground geophysics and drilling at its Pt. Leamington VMS Deposit, which hosts a large gold, copper, zinc and silver rich mineral resource;Streamlined and expedited exploration permitting highlights the strong government and local support for mining in Newfoundland;Work plans underway to advance the Pt. Leamington deposit by expanding the current resource base through exploration and sampling for metallurgical tes ...
More high-grade assays pave way for resource at Golden Eye
Globenewswire· 2025-06-09 23:13
Core Insights - Cygnus Metals Limited has reported high-grade assay results from the Golden Eye prospect within the Chibougamau Copper-Gold Project in Quebec, indicating multiple parallel mineralized zones and significant potential for resource development [2][3][5] Exploration Results - Recent drilling results include: - 4.3m @ 9.8g/t AuEq (7.5g/t Au, 1.6% Cu & 23.9g/t Ag) from LDR-25-10 - 3.3m @ 12.7g/t AuEq (8.4g/t Au, 3.1% Cu & 30.2g/t Ag) from LDR-25-09, including 1.9m @ 21.1g/t AuEq (14.2g/t Au, 4.9% Cu & 47.5g/t Ag) - 2.5m @ 7.3g/t AuEq (5.9g/t Au, 0.9% Cu & 14.9g/t Ag) from LDR-25-10 [3][4][5] Resource Development - The company plans to establish an initial Mineral Resource for Golden Eye, utilizing both recent drilling data and historical data from 77 holes totaling 21,371m [3][5][6] - Significant historic drill intercepts include: - 5.9m @ 34.1g/t AuEq (32.2g/t Au, 1.2% Cu & 27.3g/t Ag) from RD-11 - 4.5m @ 21.6g/t AuEq (14.9g/t Au, 4.7% Cu & 54g/t Ag) from RD-28 [3][9] Infrastructure and Location - Golden Eye is strategically located just 3km from Cygnus' central processing plant, which has a capacity of 900,000tpa, providing significant logistical advantages [2][5][12] - The prospect has existing dual ramp access within 150m of the mineralization, facilitating future development [5][12] Future Plans - Cygnus intends to continue its focus on resource growth through low-risk brownfield exploration, leveraging historical data to identify additional drill targets [6][10] - Exploration drilling is planned at depth to extend mineralization and enhance the pending resource [5][6]
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]
Greenhawk Options Its Greenland Properties and Cancels Outstanding Stock Options
Globenewswire· 2025-05-21 23:35
Core Viewpoint - Greenhawk Resources Inc. has entered into an Option and Joint Venture Agreement with 1531323 BC Ltd. to advance the exploration and development of its Greenland properties, specifically the Storø and Qingaaq mineral exploration licenses [1][2]. Financial Terms - Under the Option Agreement, 1531323 BC is granted an option to acquire an 80% interest in the Properties for an upfront payment of $100,000 and a commitment to incur $1,400,000 in expenditures over 24 months [2]. - The expenditure schedule includes a minimum of $450,000 within 6 months, $350,000 within 12 months, $300,000 within 18 months, and $300,000 within 24 months [3]. Project Details - The Storø project covers an area of 12 km² and has an inferred mineral resource estimated at 885,000 tonnes, grading 3.4 g/t Au, totaling approximately 95,000 ounces of gold [4]. - The mineral resource has a cut-off grade of 0.8 g/t Au for open-pit material and 2.5 g/t Au for underground resources [4]. - The Qingaaq license surrounds the Storø project and covers approximately 540 km² [4]. Management and Future Plans - 1531323 BC will manage the operations of the Properties during the Option Agreement period and intends to enter into a management services contract with Greenhawk for advisory support [5]. - Greenhawk is actively pursuing additional property acquisitions and opportunities in the mineral exploration and resources sector [5]. Stock Options - The company has cancelled a total of 8,600,000 stock options, which include options with exercise prices of $0.27 and $0.20, expiring in 2025 and 2026 respectively [6].
Canterra Minerals Step-Out Drilling Hits High-Grade Zone of 6.77% CuEq over 5.35m Beyond Current Buchans Resource, Newfoundland
Newsfile· 2025-05-20 11:00
Canterra Minerals Step-Out Drilling Hits High- Grade Zone of 6.77% CuEq over 5.35m Beyond Current Buchans Resource, Newfoundland May 20, 2025 7:00 AM EDT | Source: Canterra Minerals Corporation Vancouver, British Columbia--(Newsfile Corp. - May 20, 2025) - Canterra Minerals Corporation (TSXV: CTM) (OTCQB: CTMCF) (FSE: DXZB) ("Canterra" or the "Company") is pleased to announce the first drill hole from its ongoing 10,000 metre ("m") drill program at its 100% owned Buchans Project in the Central Newfoundland ...
Mustang Energy Corp. Acquires Nucleus Uranium Ltd.
Globenewswire· 2025-05-14 21:29
VANCOUVER, British Columbia, May 14, 2025 (GLOBE NEWSWIRE) -- Mustang Energy Corp. (CSE: MEC, OTC:MECPF, FRA:92T) (the “Company” or “Mustang”) is pleased to announce that it has completed the acquisition of Nucleus Uranium Ltd. (“Nucleus”), an arm’s length British Columbia-based uranium company, pursuant to a share exchange agreement dated May 5, 2025 (the “Agreement”) among the Company, Nucleus, and Golden Mile Resources Corp. (the “Shareholder”), the former sole shareholder of Nucleus. Nucleus, now a whol ...
Endeavour Silver(EXK) - 2025 Q1 - Earnings Call Transcript
2025-05-13 18:02
Endeavour Silver (EXK) Q1 2025 Earnings Call May 13, 2025 01:00 PM ET Company Participants Allison Pettit - Director of Investor RelationsDan Dickson - CEO & DirectorDonald Gray - Chief Operating OfficerWayne Lam - Director - Mining ResearchElizabeth Senez - Chief Financial OfficerHeiko Ihle - MD & Equity Research Conference Call Participants Nick Giles - Senior Research Analyst Operator you for standing by. This is the conference operator. Welcome to the Endeavor Silver First Quarter twenty twenty five Fin ...
Endeavour Silver(EXK) - 2025 Q1 - Earnings Call Transcript
2025-05-13 18:00
Financial Data and Key Metrics Changes - In Q1 2025, the company produced 1,200,000 ounces of silver and 8,300 ounces of gold, totaling 1,900,000 silver equivalent ounces [4] - Revenue for the quarter was $64,000,000, consistent with the prior year, benefiting from higher precious metal prices [5] - The company reported a net loss of $32,900,000, primarily due to unrealized noncash impacts from gold hedging and forward swap contracts [5] - Cash costs were $15.89 per ounce of silver, and all-in sustaining costs were $24.48 net of gold credits, both slightly below annual guidance [6] - As of March 31, 2025, the company's cash position was $65,000,000, and working capital was $15,000,000, reflecting a decrease from December 31, 2024 [6] Business Line Data and Key Metrics Changes - Guanacevi and Bolanitos performed in line with expectations, while Terronera is nearing completion and has started producing concentrate [4] - The acquisition of the Copa mine in Peru is expected to enhance the production profile significantly, with an annual production estimate of 5,000,000 silver equivalent ounces [8][10] Market Data and Key Metrics Changes - The company is positioned to achieve annualized production approaching 20,000,000 silver equivalent ounces when combining all producing assets [10] Company Strategy and Development Direction - Terronera is viewed as a transformational asset that will redefine the company's growth trajectory, with a projected mine life of over a decade [7] - The company aims to build a scalable silver-dominant asset base, leveraging technical expertise and development capabilities [9] Management's Comments on Operating Environment and Future Outlook - Management expressed excitement about the commissioning of Terronera and its potential impact on the business [7] - The company is closely monitoring cash balances and working capital requirements during the ramp-up phase, emphasizing the importance of achieving commercial production [29] Other Important Information - The company is validating and updating historical resource estimates for the Copa mine, with a significant exploration budget planned [39][40] Q&A Session Summary Question: What is needed for confidence in the ramp-up guidance for Terronera? - Management indicated that consistent throughput and production are critical before providing formal guidance on costs and production timelines [12][13] Question: What are the near-term priorities for the ramp-up at the plant? - Management noted that the commissioning process involves a systematic approach to check systems and ensure everything is running smoothly [15][18] Question: What is the capital intensity for throughput expansion at Copa? - The estimated capital intensity for expanding capacity from 1,800 tons per day to 2,500 tons per day is between $12 million to $16 million [20] Question: How comfortable is the company with its cash balance and working capital for Terronera? - Management expressed confidence in the cash balance of $65,000,000 and working capital of $15,000,000, while acknowledging the high-stress phase of the project [26][28] Question: Are there still meaningful cash flows going into Terronera in Q2? - Management confirmed that spending continues for commissioning, although they do not have complete data for April yet [33][35] Question: What are the higher priority targets for exploration at Copa? - Management highlighted a significant exploration budget and plans to focus on previously discovered veins and new opportunities [39][40]