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Omai Gold Engages SLR Consulting to Deliver an Updated Mineral Resource Estimate and Updated Preliminary Economic Assessment
TMX Newsfile· 2026-01-22 13:23
Core Viewpoint - Omai Gold Mines Corp. is advancing its Omai Gold Project in Guyana by engaging SLR Consulting for an updated Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA), with significant expansions planned for the Wenot open pit and Gilt Creek underground deposits [1][3]. Company Overview - Omai Gold Mines Corp. is a Canadian gold exploration and development company focused on expanding its 100%-owned Omai Gold Project in Guyana, recognized as one of the fastest-growing gold camps in the Guiana Shield [4]. - The company reported a 96% increase in the Wenot Gold Deposit's MRE to 970,000 ounces of gold (Indicated) at an average grade of 1.46 g/t Au, and 3,717,000 ounces of gold (Inferred) at an average grade of 1.82 g/t Au [4]. Project Developments - The updated MRE is expected in Q1 2026, followed by the PEA in Q2 2026, which will include the expanded Wenot open pit and Gilt Creek underground deposits [1][4]. - The Omai Gold Mine previously produced over 3.7 million ounces of gold from 1993 to 2005, benefiting from existing infrastructure and proximity to major cities in Guyana [4]. Consulting Engagement - SLR Consulting, with over 35 years of experience in mining advisory and technical services, has been engaged to provide support for the updated MRE and PEA, leveraging its multidisciplinary expertise [2].
NOVAGOLD Files 2025 Year-End Report Landmark Transaction Positions Donlin Gold as the Next Generational Project Primed for Development
Globenewswire· 2026-01-22 13:10
Core Viewpoint - NOVAGOLD Resources Inc. has reported significant advancements in its Donlin Gold project, including a transformative acquisition and progress towards a Bankable Feasibility Study (BFS), positioning the project as a potential leader in the U.S. gold mining sector [7][12][38] Financial Results - As of November 30, 2025, NOVAGOLD held approximately $115.1 million in cash and term deposits, with net annual cash expenditures of $36.5 million, primarily for the Donlin Gold project and corporate costs [3][39] - The company reported a net loss of $94.7 million for the fiscal year 2025, largely due to a non-cash charge related to warrants and increased field expenses at Donlin Gold [4][39] - Cash generated from financing activities increased by $259.7 million, primarily due to proceeds from a public equity offering and private placement [41] Project Development - NOVAGOLD completed a $1 billion acquisition of Barrick Mining's 50% interest in Donlin Gold, increasing its ownership to 60% [5][12] - The company has initiated a BFS for Donlin Gold, with proposals received from engineering firms and a prime contractor expected to be selected in early 2026 [17][18] - An 18,454-meter drill program was completed, yielding high-grade gold intercepts, further supporting the project's potential [22] Resource and Exploration - Donlin Gold has approximately 40 million ounces of Measured and Indicated Mineral Resources at an average grade of 2.22 grams per tonne, significantly higher than the industry average [16][56] - The project is recognized for its scale, high-grade mineralization, and potential for resource expansion, with less than 5% of the land package explored to date [16][22] Community and Stakeholder Engagement - Extensive engagement with local communities and stakeholders has been conducted, reinforcing relationships and supporting project development [23][24] - The company has actively participated in community initiatives and environmental stewardship programs, enhancing its social license to operate [28][30] Regulatory and Permitting Progress - The Alaska Supreme Court affirmed the issuance of water rights permits for the Donlin Gold project, validating the state's review process [32] - Ongoing efforts to maintain and secure permits are in place, with a focus on regulatory compliance and stakeholder collaboration [31][35] 2026 Outlook - The board approved a 2026 budget of $131.4 million, focusing on advancing the BFS, maintaining permits, and enhancing community relations [36][42] - Anticipated expenditures include $78.8 million for the Donlin Gold project and $19.7 million for corporate costs [42]
Magna Terra Acquires Large, Prospective Prospect Or's Dream Epithermal Gold Project in North-Central New Brunswick
TMX Newsfile· 2026-01-22 13:00
Core Insights - Magna Terra Minerals Inc. has acquired the Prospect Or's Dream Epithermal Gold Project in New Brunswick, comprising 29 mineral claims over 15,923 hectares along a 30-kilometre section of the Moose Lake Fault [1][5][13] Project Highlights - The project is in an emerging gold district, with early-stage prospecting revealing a minimum strike length of 7.2 kilometres of gold-bearing epithermal quartz veins [4][8] - Initial sampling has shown gold assays ranging from 1 ppb to 735 ppb, with 28 samples exceeding 100 ppb [7][8] - The geological setting includes volcanic and sedimentary rocks, with potential for significant precious metals deposits [10][11] Acquisition Details - The option agreement allows the company to earn a 100% interest by paying $10,000 in cash and issuing 141,000 common shares upon signing, with additional payments totaling $380,000 over four years [13][14] - The optionor retains a 2% net smelter royalty, with the company having the right to purchase 1% of the NSR for $1,000,000 [13] Future Plans - The technical team will compile historic data and plan a field program for spring/summer 2026 [6]
Early Drilling Extends Gold Mineralization
Globenewswire· 2026-01-22 12:35
Core Insights - McFarlane Lake Mining Limited has reported early success in its exploration campaign at the Juby Gold Project, indicating promising gold mineralization [1][12] Exploration Results - The "826 Zone" gold mineralization has been extended by 80 meters, with unsampled previously drilled core returning 7.2 g/t gold over 1.2 meters [3][4] - Drill hole JU826-142 logged 20 occurrences of visible gold over an 11-meter interval starting at 33 meters below the surface, with assays pending [4] - Drill hole JU826-141 intersected near-surface gold mineralization, returning 2.09 g/t Au over 4.17 meters within a broader interval of 0.70 g/t Au over 28.17 meters [4][9] Additional Drilling Plans - In response to early drilling results, the company has approved an additional 500 to 600 meters of drilling to further define the 826 Zone [4][12] - The next phase of drilling will focus on the Golden Lake and Juby zones, targeting mineralization expansion at depth [13] Historical Data Utilization - The company is assaying previously unsampled drill core from 2003 to 2011, with key results including 0.65 g/t Au over 4.75 meters and 0.77 g/t Au over 3.69 meters [4][10] Resource Estimates - The Juby Gold Project hosts a current NI 43-101 compliant Mineral Resource Estimate of 1.01 million ounces of gold in the Indicated category at an average grade of 0.98 g/t gold, and an additional 3.17 million ounces in the Inferred category at an average grade of 0.89 g/t gold [19][20] - A sensitivity analysis at a higher gold price of US$3,750 per ounce resulted in an Indicated Mineral Resource of 1.20 million ounces grading 0.94 g/t gold [20]
Precipitate Completes Pueblo Grande Project Data Review and Follow Up IP Survey that Identifies Untested & Drill Ready Chargeability Anomalies
TMX Newsfile· 2026-01-22 12:30
Core Viewpoint - Precipitate Gold Corp. has completed a comprehensive technical review and evaluation of exploration data from Barrick Mining Corporation, leading to the identification of significant high chargeability anomalies at the Pueblo Grande Project, which is adjacent to the Pueblo Viejo mine in the Dominican Republic [1][4]. Group 1: Technical Review and Survey Findings - The technical review incorporated US$7.2 million in exploration expenditures by Barrick over five years, identifying previously untested IP chargeability features in the Pueblo Grande Norte zone [4][9]. - A focused 3-line deep-penetrating 2D IP survey confirmed the presence of a cluster of high chargeability anomalies measuring approximately 800 meters north-south and over 450 meters east-west, at depths ranging from 100 to 330 meters [4][9]. - The chargeability anomalies suggest an epithermal alteration system with a shallow south-dipping alteration blanket, potentially containing strong internal lobes and underlying vertical feeder structures [4][9]. Group 2: CEO Commentary and Future Plans - The CEO expressed excitement over the new drill targets identified from the data review and IP survey, emphasizing the ease of access and existing drill permits for rapid advancement to the drill stage [3]. - The emergence of these new anomalies at Pueblo Grande adds to the company's near-term drill plans, alongside ongoing priorities at the Juan de Herrera project [3]. Group 3: Historical Context and Exploration Strategy - Historical exploration by Barrick included 3D induced polarization surveys and nine drill holes, but none tested the newly identified high chargeability anomalies [9]. - The new IP survey utilized advanced methodologies to validate and refine the chargeability features, indicating a strategic approach to exploration that leverages both historical data and new technologies [9][11].
Founders Metals Intersects 90.0 m of 1.02 g/t Gold at Lower Antino
TMX Newsfile· 2026-01-22 12:30
Core Viewpoint - Founders Metals Inc. has reported significant drill results from the Lower Antino Target at the Antino Gold Project in Suriname, indicating a large-scale gold system with potential for both bulk tonnage and high-grade gold zones [1][3]. Drill Results - Hole LA041 returned 90.0 metres of 1.02 grams per tonne (g/t) gold, including a high-grade interval of 1.0 m at 28.44 g/t Au, marking the highest-grade single drill intercept at Lower Antino to date [1][3][7]. - The mineralization at Lower Antino is characterized by multiple sub-parallel gold zones along approximately 1.9 kilometres of strike, with widths ranging from 15 to over 90 metres [1][4]. Geological Insights - Gold mineralization occurs within altered and sheared tonalite, associated with disseminated pyrite and quartz veining, suggesting a consistent distribution of gold across broad intercepts [4][6]. - The drill-defined system aligns with a geophysical anomaly over 2 km, indicating the potential for further expansion beyond current drilling [4][7]. Expansion Potential - Mineralized intervals appear to be increasing in width as drilling progresses southward, with trenching results showing 29.0 m of 0.51 g/t Au and 10.0 m of 0.68 g/t Au [5][7]. - The system remains open for expansion in all directions, with additional drilling confirming further mineralization 100 m south of the current body [5][7]. High-Grade Zones - Historical sampling has reported grades up to 340 g/t Au in grab samples and 21 g/t Au in channel samples, indicating the presence of high-grade targets within the broader mineralized system [6][7]. - The average saprolite thickness of 50 m across the target area presents a significant opportunity for near-surface oxide gold extraction [6][7]. Company Overview - Founders Metals Inc. is focused on advancing the Antino Gold Project, which spans 56,000 hectares and has produced over 500,000 ounces of gold from historical mining [13]. - The company is committed to responsible exploration and aims to deliver long-term value to shareholders through strategic growth in the Guiana Shield [13].
Scottie Resources Drills 14.8 g/t Gold over 9.8 Metres and 17.6 g/t Gold over 4.40 Metres at M-Zone at Scottie Gold Mine Project
TMX Newsfile· 2026-01-22 12:30
Vancouver, British Columbia--(Newsfile Corp. - January 22, 2026) - Scottie Resources Corp. (TSXV: SCOT) (OTCQB: SCTSF) (FSE: SR80) ("Scottie" or the "Company") is pleased to report new assays from its 2025 drilling of various zones within and around the historic Scottie Gold Mine, part of the the Scottie Gold Mine Project ("Scottie Gold Mine" or the "Project"). The road-accessible Scottie Gold Mine Project, which includes the 100%-owned past-producing Scottie Gold Mine and the adjacent Blueberry Contact Zo ...
Revival Gold Provides Exploration Drilling Update on Beartrack-Arnett Gold Project in Idaho
Accessnewswire· 2026-01-22 12:30
TORONTO, ON / ACCESS Newswire / January 22, 2026 / Revival Gold Inc. (TSXV:RVG)(OTCQX:RVLGF) ("Revival Gold" or the "Company") is pleased to provide an update on exploration drilling at the Company's Beartrack-Arnett Gold Project ("Beartrack-Arnett" or the "Project") located in Idaho, U.S.A. Highlights Drilling contractor, Drilcor Ltd. ...
Renegade Gold Provides Exploration Update for Red Lake Gold Project, Ontario
TMX Newsfile· 2026-01-22 12:20
Vancouver, British Columbia--(Newsfile Corp. - January 22, 2026) - Renegade Gold Inc. (TSXV: RAGE) (OTCQB: RENGF) (FSE: 070) ("Renegade" or the "Company") is pleased to provide and exploration update on its district-scale greenfield discovery program at its Gullrock and Confederation Properties and advances in geological modeling at its flagship Newman Todd Project, located in the Red Lake Mining District, Ontario.HighlightsAdvanced Geological Modeling at Newman Todd: A comprehensive review of all recent a ...
Miata Intersects 4.3 m at 12.49 g/t Gold and 22.7 m at 2.23 g/t Gold at Jons Trend at the Sela Creek Gold Project, Suriname
Globenewswire· 2026-01-22 12:08
Core Insights - Miata Metals Corp. has announced final assays from its 2025 drill program, revealing high-grade gold intercepts at the Jons Trend zone and promising results from the Big Berg target [1][2]. Jons Trend - The assays from Jons Trend indicate an expansion of the known mineralization zone, with significant results including 57 m at 1.01 g/t gold and high-grade intervals such as 4.3 m at 12.49 g/t gold [3][5]. - The drilling program at Jons Trend has confirmed continuous gold mineralization across a previously untested corridor of 750 m by 250 m, extending to depths of 200 m [5][8]. - All but one hole in the Jons Trend drilling program yielded multiple mineralized intercepts, enhancing the size and grade of the mineralization [5][8]. Big Berg - Exploration drilling at the Big Berg target has produced results including 8.1 m at 2.21 g/t gold, with mineralization associated with a brittle-ductile fault [4][9]. - The Big Berg target is located approximately 500 meters southeast of Jons Trend and is expected to be a focus for further exploration in 2026 [4][9]. Future Plans - Miata plans to aggressively follow up on the discoveries in 2026 with a drill program targeting 25,000 m, which will include discovery drilling on multiple targets [2][4]. - The company aims to identify the full extent of the Jons Trend's mineralization in terms of strike, width, and depth throughout 2026 [3][4]. Company Overview - Miata Metals Corp. is a Canadian mineral exploration company focused on the acquisition, exploration, and development of mineral properties, holding a 70% interest in the Sela Creek Gold Project and a 70% beneficial interest in the Nassau Gold Project [20].