Vancouver, British Columbia--(Newsfile Corp. - January 21, 2026) - Lancaster Resources Inc. (CSE: LCR) (OTC Pink: LANRF) (FSE: 6UF0) ("Lancaster" or the "Company") is pleased to report results from recent field work at its 100% owned Lake Cargelligo Gold Project in New South Wales, Australia. Field work undertaken in December 2025 included meetings with landowners to advance access agreements, and geological mapping and rock chip sampling of new prospect areas that were guided by interpretation of LiDAR da ...

Core Viewpoint - Xali Gold Corp. has successfully closed the first tranche of a non-brokered private placement, raising gross proceeds of C$1.5 million, which will facilitate the acquisition of the Pico Machay Gold Property and support exploration and working capital needs [1][2][3]. Group 1: Private Placement Details - The first tranche of the private placement raised C$1.5 million, with a second tranche of up to C$0.5 million expected to close in early January 2026 [1][2]. - A total of 15,000,000 units were issued at a price of $0.10 per unit, each consisting of one common share and one-half of a common share purchase warrant [3]. - Each warrant is exercisable for one additional share at a price of C$0.20 for 18 months, with an accelerated expiry provision if the share price exceeds C$0.30 for 10 consecutive trading days [3]. Group 2: Use of Proceeds - The net proceeds from the private placement will cover a US$500,000 payment to Pan American Silver Corp. for the acquisition of the Pico Machay Gold Property [2]. - Additional proceeds will be allocated to the exploration of Pico Machay and for general corporate purposes [2]. Group 3: Acquisition of Pico Machay - The acquisition of Pico Machay involves purchasing Minera Calipuy S.A.C., which wholly owns the property, from Pan American and its subsidiary [7]. - The acquisition is expected to close shortly and is subject to final approval from the TSX Venture Exchange [7]. Group 4: Related Party Transactions - Two directors of the company participated in the private placement, which is classified as a related party transaction [5]. - The issuance of units to the directors is exempt from certain valuation and minority shareholder approval requirements under Canadian regulations [5]. Group 5: Company Overview - Xali Gold is focused on gold and silver exploration in the Americas, with a particular emphasis on the Pico Machay project, which is in the advanced exploration stage and has a near-term production goal [8][9]. - The company also holds two royalty agreements related to gold and silver production from the El Oro project in Mexico [9].

Core Insights - Hycroft Mining's shares experienced a nearly 50% increase following the announcement of promising drill results from its Nevada mining site [1] Group 1: Exploration Results - The highest grades to date were identified in Hycroft's Vortex silver system, which extends approximately 70 meters to the northwest and 90 meters down-dip to the west based on two exploration drill holes [3] - Vortex is returning longer intercepts of very high grades, and the system remains open in all directions and at depth, indicating significant potential for further exploration [3] Group 2: Management's Future Plans - Hycroft plans to explore further at Vortex and its nearby Brimstone system, which are emerging as two high-grade silver systems of considerable size and consistency [4] - CEO Diane Garrett stated that the results are reshaping Hycroft's value proposition and that the company is at the beginning of a pivotal growth phase [4] Group 3: Market Context - The announcement coincides with a surge in silver prices, currently trading above $69 per ounce, with a remarkable increase of 130% in 2025, suggesting potential for continued gains in 2026 [4]

Core Viewpoint - Xali Gold Corp. is initiating a non-brokered private placement to raise approximately C$1,500,000 to support the acquisition and development of the Pico Machay Gold Project in Peru, which is at an advanced exploration stage with a near-term production goal [1][6]. Group 1: Private Placement Details - The private placement will involve the sale of approximately 15,000,000 units at a price of C$0.10 per unit, aiming to raise gross proceeds of about C$1,500,000 [2]. - Each unit will consist of one common share and one-half share purchase warrant, with the warrants exercisable for one additional share at a price of C$0.20 for 18 months [2]. - Approximately 75% of the proceeds will be allocated to the acquisition and exploration of Pico Machay, while the remaining funds will be used for working capital and general corporate purposes [3]. Group 2: Closing and Approval - The company intends to close the private placement around December 15, 2025, pending approval from the TSX Venture Exchange [3]. - If subscriptions exceed the maximum number of units, the company may increase the size of the placement or accept subscriptions on a first-come, first-served basis [4]. Group 3: Company Overview - Xali Gold is focused on gold and silver exploration in the Americas, particularly advancing the Pico Machay project, which has a near-term production goal [6]. - The company also holds two royalty agreements related to gold and silver production from specific areas of the El Oro gold-silver Project in Mexico [6].

Core Points - Xali Gold Corp. has granted incentive stock options for 2,200,000 common shares at an exercise price of $0.05 per share, with a term expiring on October 30, 2030 [1] - The acquisition of the Pico Machay Gold Project in Peru is deemed fundamental for Xali Gold and is pending approval from the TSX Venture Exchange [2] - Pico Machay has a history of exploration since 1997, with previous engineering studies indicating potential for a low-cost open-pit heap-leach operation [3] - Xali Gold is focused on advancing gold and silver exploration opportunities in the Americas, with a near-term production goal for the Pico Machay project [4] - The company also holds exploration potential and two royalty agreements related to the El Oro gold-silver Project in Mexico [5] Company Overview - Xali Gold is a gold and silver exploration company with a focus on projects in the Americas [4] - The company is committed to being a responsible community partner [5] - Joanne C. Freeze serves as the Qualified Person for the discussed projects, ensuring compliance with National Instrument 43-101 [6]

Company Overview - Xali Gold Corp. is a gold and silver exploration company focused on advancing opportunities in the Americas [2] - The company aims to acquire an advanced-stage gold project in South America with a near-term production goal [2] - Xali Gold holds exploration potential and has two royalty agreements for gold and silver production from the El Oro gold-silver Project in Mexico [2] Recent Developments - Xali Gold will resume trading following a Reinstatement Review by the TSX Venture Exchange [1] - The company expresses satisfaction in returning to normal business operations and is focusing on a new acquisition in South America while maintaining its interests in Mexico [1]

Core Insights - Element79 Gold Corp. has filed an independent NI 43-101 Technical Report for its Gold Mountain Project in Nevada, marking a significant milestone for the company [1][3] - The Gold Mountain Project is located in a historically productive mining district, covering 702 acres with 34 unpatented lode mining claims [2][3] Project Overview - The Gold Mountain Project is situated 13 km southwest of Battle Mountain, Nevada, near major operations like Nevada Gold Mines' Phoenix-Fortitude mine complex and SSR Mining's Marigold mine [2] - The project is within a Tier 1 mining jurisdiction, attracting substantial institutional investment [2] Technical Highlights - Historic drilling by Placer Dome in 2005 yielded intercepts of 7.62m grading 0.48 g/t Au and 10.67m grading 0.99 g/t Au [5] - Recent surface sampling in 2023 confirmed high-grade Au-Ag-Pb mineralization, with a fully costed exploration program recommended at US$800,000 [5] Exploration Plans - The Bureau of Land Management has approved a Notice of Intent, allowing for up to 21 drill pads and associated roads [5] - The exploration program includes detailed mapping, geophysics, and 8,000 feet of RC drilling to test high-priority targets [5] Company Background - Element79 Gold Corp. focuses on gold and silver exploration, with assets in Nevada and Peru, including the Elephant project and the newly acquired Gold Mountain project [6] - The company is listed on the Canadian Securities Exchange, Frankfurt Stock Exchange, and OTC QB market [6]

Core Viewpoint - Lodestar Metals Corp. has identified five new undrilled, high-priority IP targets at its Goldrun Project in Nevada, supported by significant gold and high-grade silver intersections, indicating strong potential for mineralization [1][3]. Exploration Program - The company has initiated a multi-layered exploration program, including a 395-sample soil geochemistry survey, a high-resolution ground magnetic survey scheduled for September, and newly processed LiDAR mapping to refine targets and advance towards potential discovery [2][17]. Technical Insights - The integration of historical Deep Dipole Induced Polarization (DDIP) data into 3D models has revealed several breakthrough targets, with strong chargeability anomalies likely indicating disseminated sulphide mineralization associated with gold and silver deposits [3][6]. - Significant nearby gold intersections include 13.7 meters at 1.3 g/t Au and exceptional silver results, such as over 100 g/t Ag in drilling and up to 3,307 g/t Ag in surface samples, enhancing the prospectivity of the new drill targets [3][10]. Target Areas - Five promising IP targets have been identified across two areas: Gomes and Independence, with chargeability anomalies observed over considerable strike lengths of at least 140 meters at Gomes and 650 meters at Independence [6][8]. - The historical drilling results and recent rock sampling have confirmed the presence of high-grade silver and gold, further supporting the scale potential of these prospect areas [6][12]. Soil Geochemistry and Analysis - The soil geochemistry program focuses on the southern half of the Goldrun claims, where historical drilling and known mineralization are concentrated [12][14]. - A total of 395 soil samples were collected, with analysis aimed at enhancing drill targeting accuracy and defining the deposit style, crucial for understanding the multiple deposit styles present [14][13]. Structural Targeting Tools - A high-resolution ground magnetic survey is set to cover the entire Goldrun claims, designed to enhance the identification of key gold-silver-bearing structures [17][19]. - The recent acquisition of high-resolution LiDAR data will provide valuable insights for structural analysis, reinforcing the potential for further exploration and discovery [19].

Core Insights - Element79 Gold Corp has engaged Rangefront Mining Services to prepare a National Instrument 43-101 Technical Report for its Gold Mountain Project in Nevada [1][10] - The site visit conducted by Rangefront's Principal Geologist, Mr. Steven L. McMillin, included inspections of historic adits, surface sampling zones, and geological structures [2] - The Gold Mountain Project consists of 34 unpatented lode claims covering approximately 702 acres, located 13 kilometers southwest of Battle Mountain, Nevada [9][13] Engagement and Site Visit - Rangefront Mining Services will validate data integrity and support the development of the NI 43-101 Property of Merit report [2] - The site visit included comprehensive fieldwork to assess the geological potential of the Gold Mountain property [2][3] - Photos from the site visit highlight key geological features that demonstrate the property's potential [3] Project Details - The Gold Mountain Project was acquired by Element79 Gold Corp on August 1, 2025, and is situated in an area known for high-grade gold-silver mineralization [9][13] - The company aims to compile and digitize historical exploration data alongside 2023 surface sampling results as part of ongoing technical work [9] - The completed NI 43-101 Technical Report is expected to be filed during Q3 2025 [10] Company Overview - Element79 Gold Corp focuses on gold and silver exploration, with assets in Nevada and Peru [13] - The company is advancing its Elephant project in the Battle Mountain trend and has acquired the drill-ready Gold Mountain project [13] - Element79 Gold is listed on the Canadian Securities Exchange, Frankfurt Stock Exchange, and OTC QB market [13]

Company Overview - Element79 Gold Corp. is a mining company focused on gold and silver exploration, with assets in Nevada and Peru [5] - The company is advancing its Elephant project in Nevada, acquiring the drill-ready Gold Mountain project, and holds an option to purchase the high-grade Lucero mine in Peru [5] - Element79 Gold is listed on the Canadian Securities Exchange (CSE: ELEM), the Frankfurt Stock Exchange (FSE: 7YS0), and the OTC Markets (OTC: ELMGF) [5] Leadership Appointment - Michael Smith has been appointed as Vice President, Corporate Development, to support the company's growth and capital markets initiatives [1] - Smith brings over 15 years of experience in business development, capital raising, public company operations, and investor relations [2] - His previous roles include executive and board-level positions with CSE-listed companies and founding Lions Bridge Capital, a boutique advisory firm [2] Strategic Focus - The company aims to accelerate exploration and development across its Nevada portfolio, particularly the Gold Mountain and Elephant projects [2] - CEO James Tworek emphasized that Smith's market perspective and capital markets experience will be crucial for unlocking the value of core projects in Nevada [3] - Smith expressed excitement about leveraging his network and experience to shape the next chapter of the company's journey [3]