Core Insights - Western Exploration Inc. has announced positive results from its 2025 reverse circulation drilling program at the Aura gold-silver project, particularly in the Tomasina target area, indicating significant mineralization potential [1][3]. Program Highlights - The drilling revealed widespread hydrothermal alteration and local quartz-pyrite-marcasite veins, confirming an extensive alteration system extending at least 300 meters below the Saddle Zone resource [2]. - Notable gold and silver intervals were reported, including values exceeding 3.0 g/t Au, with the highest being 10.90 g/t Au and 308.0 g/t Ag, across a 1.5-kilometer trend that remains open in all directions [2]. Drilling Results Summary - The 2025 drilling program focused on the 2.5-kilometer-long Tomasina structural zone, targeting mineralization down dip from known resources [4]. - Four reverse circulation holes (WG468-WG471) were drilled, with significant results including 1.52 meters of 3.24 g/t Au and 71.1 g/t Ag in WG468, and 1.52 meters of 4.68 g/t Au and 10.0 g/t Ag in WG471 [5][7]. Future Exploration Plans - The company plans to prioritize further drilling along the Tomasina Trend, particularly in the GAP zone and Hammer Head target areas, which are considered highly prospective for resource expansion [3][15]. - The exploration strategy will focus on structural zones in contact with the Frost Creek tuff and the Schoonover unconformity, aiming to evaluate the potential of the 2.5-kilometer-long Tomasina structural corridor [15]. Significance of Findings - The 2025 drilling confirmed significant hydrothermal alteration along a 1.5-kilometer strike length of the Tomasina Fault Zone, expanding the alteration zone to approximately 7.0 kilometers long and 2.4 kilometers wide [14]. - The presence of anomalous gold and silver values supports the justification for additional evaluation and drilling in the identified target areas [15]. Company Overview - Western Exploration is advancing the Aura Project, which includes three unique gold and silver deposits: Doby George, Gravel Creek, and Wood Gulch, located approximately 120 kilometers north of Elko, Nevada [19]. - The company aims to establish itself as a leading gold and silver development company in North America, backed by an experienced team of precious metals experts [19].

Core Insights - The company achieved record high-grade gold and silver intercepts through core and RC drilling, indicating significant exploration success [1] - New discoveries in the North and South Blocks have expanded mineralization targets, showcasing the potential for further resource development [1] - Airborne surveys were conducted to identify untapped potential across the 22 km² project area, enhancing exploration strategies [1] Permitting and Development - The company secured critical permits for drilling, extraction, and a 10-year pilot mine facility with a capacity of 50,000 tonnes, facilitating future operations [1] - The permits enable trenching, infrastructure setup, and progression toward near-term production, indicating a strong development pipeline [1]

Core Insights - Sprott Active Gold & Silver Miners ETF (GBUG) began trading on February 20th at approximately $20 per share and has since more than doubled, currently trading at $44 per share, indicating a significant performance increase [1] Performance Summary - The ETF's performance is characterized by a parabolic spike, reflecting strong investor interest and market dynamics in the gold and silver mining sector [1]

Core Viewpoint - Bravada Gold Corporation is increasing its private placement to issue up to 40,000,000 units at a price of $0.04 per unit, aiming for gross proceeds of $1,600,000 to fund a Pre-feasibility Study and other operational costs [1][2]. Group 1: Private Placement Details - The private placement will consist of units, each comprising one common share and one share purchase warrant, with warrants exercisable at $0.05 for three years [1]. - An over-allotment option (Greenshoe) will allow for the purchase of up to 10% additional units beyond the initial offering [1]. - The company may pay finders' fees in cash and non-transferable warrants, subject to TSX Venture Exchange policies [3]. Group 2: Use of Proceeds - Approximately 72% of the net proceeds will be allocated to conduct a Pre-feasibility Study of the Wind Mountain gold/silver deposit [2]. - 11% of the proceeds will cover land-holding fees, while approximately 17% will be used for general working capital, with 14% of that amount payable to non-arm's length parties [2]. Group 3: Company Overview - Bravada Gold Corporation is an established exploration and development company with a portfolio of high-quality properties in Nevada, recognized as a top mining jurisdiction [5]. - The company has a substantial gold and silver resource, supported by a positive Preliminary Economic Assessment (PEA) conducted in 2022 on a portion of the Wind Mountain deposit [5]. - Bravada has signed 33 earn-in joint-venture agreements since 2005 and currently holds eight projects with 756 claims across approximately 5,600 hectares in Nevada [6].

Core Viewpoint - Blue Lagoon Resources Inc. has made its first sale of gold and silver from the Dome Mountain project, marking a significant transition from a pre-revenue to a revenue-generating mining company [5][6]. Group 1: Sales and Financials - The company expects to receive C$970,000 from the initial delivery of approximately 1,000 tonnes of mineralized material to Nicola Mining for processing [2][3]. - This payment is an advance on the first shipment, with final settlement pending processing and subject to adjustments based on assays and metal prices [3]. Group 2: Operations and Development - Underground development, production, and shipments are set to resume in the first week of January following a holiday break [4]. - The company views this sale as a milestone, indicating its focus on advancing development and production activities [6]. Group 3: Strategic Plans - Blue Lagoon plans to reinvest internally generated cash flow into near-mine and regional exploration starting in H1 2026 to expand its resource base [9]. - The company is committed to sustainability and community engagement while aiming to become a profitable gold producer [10]. Group 4: Equity Incentives - The company has granted 3,000,000 restricted share units and 200,000 stock options to directors and management, with stock options exercisable at $0.66 per share [7].

Core Viewpoint - Bravada Gold Corporation plans to issue up to 25,000,000 units in a non-brokered private placement at a price of $0.04 per unit, aiming for gross proceeds of $1,000,000 to fund a Pre-feasibility Study of the Wind Mountain gold/silver deposit and cover other operational costs [1][2]. Group 1: Offering Details - The private placement consists of units, each comprising one common share and one share purchase warrant, with warrants exercisable at $0.05 for three years [1]. - An over-allotment option allows for the purchase of up to 10% additional units beyond the initial offering [1]. - The company may pay finders' fees in cash and non-transferable warrants, subject to TSX Venture Exchange policies [3]. Group 2: Use of Proceeds - Approximately 60% of the net proceeds will be allocated to the Pre-feasibility Study of the Wind Mountain deposit [2]. - 17% of the proceeds will cover land-holding fees, while about 23% will be used for general working capital, with 14% of that amount payable to non-arm's length parties [2]. Group 3: Company Background - Bravada is an established exploration and development company with a portfolio of high-quality properties in Nevada, recognized as a top mining jurisdiction [5]. - The company has a substantial gold and silver resource, supported by a positive Preliminary Economic Assessment (PEA) conducted in 2022 on a portion of the Wind Mountain deposit [5]. - Bravada has signed 33 earn-in joint-venture agreements and has eight projects in its portfolio, covering approximately 5,600 hectares in two prolific gold trends in Nevada [6].

Core Viewpoint - Patagonia Gold Corp. is advancing the construction of its flagship Calcatreu project in Rio Negro, Argentina, with expectations to commence leaching in Q1 2026 [1][3]. Project Overview - The Calcatreu project is located 85 km south of Ingeniero Jacobacci and features a low sulfidation, epithermal gold and silver system with surface mineralization [2]. - The total measured and indicated mineral resources are estimated at 9.84 million tonnes with an average grade of 2.11 g/t Au and 19.8 g/t Ag, yielding approximately 669 thousand ounces of gold and 6.3 million ounces of silver [3]. Construction Progress - Construction began in Q1 2025 after receiving all necessary permits in Q4 2024, with mining activities starting in August 2025 [3]. - The explosives storage magazine was completed in August 2025, capable of storing 75 tonnes of explosives, and blasting services have been outsourced to Enaex [4]. - The first section of the leach pad has been completed, with electric leak location tests scheduled for January 2026 [4]. Chemical and Infrastructure Developments - A chemical storage facility with a capacity of 120 tonnes was completed in December 2025, with 80 tonnes of product already on site [5]. - The carbon in column section of the plant is nearing completion, expected to finish in January 2026, with plans to transport loaded carbon to Santa Cruz temporarily [6]. - Infrastructure includes a camp for 192 people, with half of the facilities commissioned and power sourced from three 1MW diesel generators [7]. Workforce and Community Engagement - The project currently employs 135 individuals, primarily recruited from Ingeniero Jacobacci and the surrounding region [8]. - The company maintains communication with local communities and authorities, who are satisfied with the project's progress [9]. Future Plans - The company has engaged NCL Ingeniera y Construccion to update the mineral resource and reserve estimates, with a new technical report expected in Q2 2026 [10].

Core Viewpoint - Norsemont Mining Inc. has successfully closed the second and final tranche of its non-brokered private placement, raising a total of US$10,929,000 through the issuance of convertible debentures and warrants, which will be utilized for working capital and the advancement of the Choquelimpie project [1][3][4]. Financing Details - The second tranche involved the issuance of US$3,400,000 in convertible debentures and 2,726,800 warrants, contributing to the overall gross proceeds of US$10,929,000 [2]. - Each convertible debenture unit consists of a US$1,000 principal amount convertible debenture and 802 transferable common share purchase warrants, with a conversion price of C$0.86 per share and a warrant exercise price of C$1.00 per share [4]. Project Development - The proceeds from the offering are earmarked for general working capital, mineral exploration, and the development of the Choquelimpie gold-silver-copper project, which has significant existing infrastructure and a substantial mineral resource estimate [3][10]. - The Choquelimpie project has an indicated mineral resource of 1,731,000 gold ounces and 33,233,000 silver ounces, along with an inferred resource of 446,000 gold ounces and 7,219,000 silver ounces [10]. Shareholder Support - The CEO of Norsemont Mining expressed gratitude for Crescat's increased ownership and the support from other strategic shareholders, indicating a positive outlook for collaboration in advancing the Choquelimpie project [3]. Securities Information - All securities issued in connection with the offering are subject to a restricted period of four months and one day from the closing date [6].

Core Viewpoint - Austral Gold Limited has entered into two significant mining service agreements to support mining development activities at its Casposo Mine in Argentina, which is expected to enhance production capabilities in 2026 [2][9]. Group 1: Mining Service Agreements - The company has signed agreements with ADL S.R.L. for drilling and blasting services and DP Minería y Servicios S.R.L. for loading and haulage services at the Julieta and Mercado open pits [3][10]. - The agreements are valued at approximately USD 42 million, plus VAT, and are set to last for 36 months from the commencement date [10]. Group 2: Production Guidance and Operations - Production from the Julieta and Mercado pits, along with existing stockpiles, is projected to be the primary source of ore for Casposo's 2026 production guidance of 11,000-13,000 Gold Equivalent Ounces (GEOs) [4][9]. - The first quarter of production for Casposo, ending December 2025, is on track to meet the guidance of 4,000-6,000 GEOs, with gold recovery rates expected to exceed 90% and cash costs anticipated to remain below USD 1,900 per ounce [6][9]. Group 3: Mineral Reserves - Total Proven and Probable Mineral Reserves for the Julieta and Mercado pits, along with existing stockpiles, are estimated to contain 43,000 recoverable ounces of gold and 1.263 million ounces of silver [5].

TORONTO, Dec. 23, 2025 (GLOBE NEWSWIRE) -- Q-Gold Resources Ltd. (TSXV: QGR; OTCQB: QGLDF; Börse Frankfurt: QX9G) (“QGold” or the “Company”) is pleased to announce that it has closed its previously announced non-brokered private placement financing of common shares issued on a “flow-through” basis (each, a “Common Share”) for proceeds of $1,694,503 (the “FT Offering”). For more information on the FT Offering, please see the Company’s press release dated December 12, 2025, a copy of which is available under ...