Core Viewpoint - Zephyr Minerals Ltd. is initiating a non-brokered private placement financing to raise up to $200,000 by issuing up to 4,000,000 units at a price of $0.05 per unit, which will support its operations and advance permitting for the Dawson Gold project [1][3]. Group 1: Private Placement Details - The private placement will consist of units, each comprising one common share and one common share purchase warrant, with warrants allowing the purchase of additional shares at $0.10 for two years [1]. - Proceeds from the private placement will be allocated for general working capital and to advance permitting on the Dawson Gold project [3]. - Certain insiders of the company are expected to participate in the private placement [3]. Group 2: Dawson Gold Project Updates - Zephyr has completed the first quarter of a groundwater monitoring and analytical program at the Dawson Gold deposit, with the full program expected to conclude by the end of 2026 [2]. - The company plans to resubmit a mining permit application to the Colorado Division of Reclamation, Mining and Safety for its 100%-controlled Dawson Gold property upon receiving all analytical data [2]. - The Dawson Gold Deposit has an inferred mineral resource of 343,000 tonnes grading 12.11 g/t for 133,500 ounces of gold, with significant exploration potential remaining [6]. Group 3: Regulatory and Market Context - The Zimbabwean Government has appointed a new Minister of Mines, which is viewed positively regarding the granting of two Exclusive Prospecting Orders covering 124,000 hectares applied for in 2021 [3][7]. - The private placement is subject to customary closing conditions, including approval from the TSX Venture Exchange [4].

Edmonton, Alberta--(Newsfile Corp. - January 21, 2026) - Peruvian Metals Corp - (TSX: PER) (OTC Pink: DUVNF) ("Peruvian Metals" or the "Company") is pleased to announce updated metallurgical results on both oxide and sulphide Au-Ag material on its 100% owned Palta Dorada Gold-Silver property ("Property") located in the Ancash department in Northern Peru. New metallurgical work on gold recoveries in both the oxide and sulphide material shows recoveries exceeding 80%. The new metallurgical work was conducted ...

Core Viewpoint - Seabridge Gold Inc. is planning to spin out its 100% interest in the Courageous Lake gold project into a new entity called Valor Gold Corp, with the intention to distribute shares to existing shareholders [1][2]. Spin-Out Structure - The spin-out will be executed through a court-approved plan of arrangement under the Canada Business Corporations Act, with a shareholder meeting expected in June 2026 to approve the plan [2]. - Valor Gold will seek listings on the Toronto Stock Exchange and the OTCQB Venture Market, with potential plans for a NYSE listing in the future [3]. Financial Aspects - Valor Gold will have C$10 million in cash at the time of the spin-out to fund work programs and corporate general and administrative expenses [4]. Leadership - Mark J. Ashley has been appointed as the CEO and director of Valor, bringing over 40 years of experience in the mining industry and a proven track record in project development and operational execution [5][6]. Project Overview - Courageous Lake is one of Canada's largest undeveloped gold projects, with total contained gold inventory of 11.0 million ounces in Measured and Indicated Resources and an additional 3.3 million ounces in the inferred category [6]. - The project includes 2.8 million ounces of proven and probable reserves, making it one of the highest-grade open-pit gold projects in Canada [6]. Exploration Potential - Post-spin-out, Valor Gold plans to initiate a targeted drill program to explore for satellite deposits similar to Walsh Lake, which could enhance project economics [7].

Core Viewpoint - Kenorland Minerals Ltd. has announced a significant grassroots gold discovery at the Opinaca Project in Quebec, marking the first drilling campaign in the area after two years of exploration [1][3][8]. Summary by Sections Drill Program Overview - The 2025 fall drill program consisted of eight diamond drill holes totaling 3,665 meters, targeting a 4-km-wide area with no prior drilling or documented gold occurrences [3][4]. - The program aimed to test a gold-in-till anomaly and anomalous rock samples with values up to 6.67 g/t Au [3][4]. Mineralization Findings - Widespread gold mineralization was found in 7 of the 8 drill holes across three separate drill fences, indicating a significant intrusion-related gold system [7][8]. - High-grade intercepts included 3.65 meters at 13.88 g/t Au in hole 25OPDD007, with a notable 0.30 meters at 166.14 g/t Au containing visible gold [7][10]. - Other significant results included 4.79 meters at 2.39 g/t Au in hole 25OPDD006 and broad zones of mineralization across multiple holes [7][10]. Geological Context - The mineralization is associated with various lithologies, including tonalitic intrusives and meta-wacke, with similarities to the Cheechoo gold deposit in the region [5][8]. - The spatial association of gold with altered tonalites and quartz-feldspar veins suggests a potential for a significant gold system at the Opinaca Project [8][5]. Project Background - The Opinaca Project is located in the James Bay region of Quebec, covering a consolidated land position of 85,267 hectares [16][18]. - Initially evaluated for lithium, the project shifted focus to gold after discovering significant geochemical anomalies in 2023 [17][18]. Future Exploration Potential - The results from the maiden drill program underscore the potential for further exploration and development of the gold system at the Opinaca Project [8][7].

Core Viewpoint - Eminent Gold Corp. has appointed Ivan Bebek as Strategic Advisor for Corporate Development and Finance, leveraging his extensive experience in the junior mining sector to advance the company's gold exploration efforts in Nevada [1][2][3]. Group 1: Appointment and Experience - Ivan Bebek brings over 25 years of experience in the junior mining sector, with a notable track record in discovery, strategic leadership, and financing [2]. - He co-founded Keegan Resources Inc., contributing to the discovery of approximately 5 million ounces of gold at the Esaase gold deposit in Ghana [2]. - Bebek also co-founded Cayden Resources Inc., which was acquired by Agnico Eagle Mines Limited for C$205 million in 2014, showcasing his ability to monetize exploration success [2]. Group 2: Strategic Importance - Bebek's appointment is seen as timely, coinciding with Eminent's early-stage exploration of a potential major gold discovery at the Hot Springs Range property in Nevada [4][6]. - The company has garnered attention from Kinross, which purchased a 9.9% stake in Eminent, indicating confidence in the potential of the Hot Springs Range project [5]. Group 3: Exploration Progress - Initial drilling at the Hot Springs Range has intercepted gold on two of multiple faults, with significant results including a recent hole showing 9.2 meters grading 3.2 g/t Au [5][7]. - The drilling results indicate strong continuity of gold mineralization, representing the first drilling on these specific targets [7].

Core Viewpoint - Borealis Mining Company Limited has commenced mobilization of mining equipment at the Borealis Gold Mine in Nevada, marking a significant step towards restarting gold mining operations [1] Group 1: Operational Developments - Heavy mining equipment, production drill rigs, and support equipment are arriving on site as the company prepares for initial mining activities [1] - Borealis has engaged Ledcor CMI Inc. as its mining contractor, responsible for mine development, production drilling, blasting, material movement, and ongoing operational support [2] - Confirmatory drilling has begun to validate historical data and support short-term mine planning ahead of initial mining activities [3] Group 2: Safety and Performance - In 2025, Borealis personnel and contractors worked a total of 37,461 hours without a lost-time injury, reflecting the company's commitment to safety [2] - The mobilization of equipment is seen as a clear indication of Borealis moving into execution, with a focus on safety and operational readiness [4] Group 3: Project Details - The Borealis Mine is a fully permitted, past-producing open-pit gold mine with existing infrastructure and a staged approach to production ramp-up [4] - The property has historically produced over 600,000 ounces of gold and possesses high-grade expansion potential with robust historical drilling results [6] - The project holds existing federal and state permits for mining and processing operations, although modifications may be required for expanded production [7] Group 4: Future Prospects - Borealis is also advancing its Sandman project in Nevada, which has a recently completed NI 43-101 compliant resource and a Preliminary Economic Assessment indicating compelling economics [9] - The company is led by a strong management team with a history of founding and managing successful mining and exploration companies [9]

Core Insights - GFG Resources Inc. has reported significant progress in its Phase 2-2025 drill program at the Aljo Gold Project, confirming and expanding mineralization across multiple zones [1][2][4] Exploration Program - The Phase 2-2025 drill program consisted of 12 holes totaling 2,650 meters, aimed at confirming and expanding mineralization in the Main, Hangingwall (HW), and Footwall (FW) Zones [1][2] - Infill drilling confirmed continuity of high-grade gold mineralization in the Main and HW Zones, while deeper drilling expanded the FW system and discovered a new FW zone, FW4 [2][4] Results Highlights - Notable drill results include: - ALJ-25-036: 1.01 grams of gold per tonne (g/t Au) over 51.5 meters, including 6.36 g/t Au over 5.0 meters, indicating strong continuity below historical mine workings [6][20] - ALJ-25-035: 10.45 g/t Au over 2.1 meters, including 22.90 g/t Au over 0.9 meters, confirming the HW system remains open to the west [6][19] - ALJ-25-032: 3.68 g/t Au over 4.5 meters, including 17.40 g/t Au over 0.5 meters, with visible gold [6][15] Future Plans - The company is well-financed and plans to advance an aggressive exploration program in 2026, focusing on both the Aljo Gold Project and broader Goldarm Property [5][12] - The exploration strategy includes systematic diamond drilling, step-out testing, and a regional exploration program across priority corridors [5][8] Geological Insights - The drilling results indicate strong structural and grade continuity within the HW and Main Zones, with multiple intercepts associated with visible gold [13][26] - The FW system has been shown to be more extensive than previously recognized, with mineralization traced over a strike length approaching 200 meters [22][25] Regional Exploration - GFG is conducting a district-scale regional exploration program, including a 90-hole sonic drilling initiative focused on systematic base-of-till and top-of-bedrock sampling [8][9] - The regional exploration aims to evaluate gold potential across a ~15 km strike length of the Pipestone Fault and associated corridors [8][10]

Core Insights - Endurance Gold Corporation has announced positive results from its exploration activities at the Reliance Gold Project, indicating potential for significant undiscovered gold resources [1][4]. Exploration Results - The company reported an Inferred Mineral Resource Estimate of 19.6 million tonnes at an average grade of 2.30 grams per tonne (gpt) gold, equating to 1.45 million ounces of contained gold [2]. - The 2025 exploration program included systematic geochemical surveys, resulting in high-priority drill targets and the identification of new geochemical anomalies [4][10]. New Anomalies - The Eagle Offset Anomaly, measuring 1,300 meters in length and 500 meters wide, was identified 500 meters south of the current Mineral Resource Estimate, with significant gold values detected [5][6]. - The Olympic Claims also revealed new geochemical anomalies, including the Whisky Jack anomaly, which returned a chip sample of 8.58 gpt gold over 1.6 meters [12][6]. Sampling and Analysis - Over 1,500 soil samples and 190 rock samples were collected and analyzed during the 2025 season, leading to the recognition of new significant geochemical anomalies [4][11]. - The Eagle Offset anomaly's soil samples returned an average arsenic value of 123 ppm, with a maximum of 2,835 ppm, indicating a strong correlation with gold mineralization [7][8]. Future Plans - The company plans to conduct a comprehensive drilling and trenching program to test the bedrock source of the Eagle Offset anomaly [5][4]. - A multi-year exploration permit application has been submitted to enable substantial drilling programs on the Olympic Claims [14].

Core Insights - New Found Gold Corp. has commenced its 2026 drill program at the Queensway Gold Project, focusing on resource conversion and exploration targets [1][3] - The K2 zone has shown consistent gold mineralization, with results aligning closely with the initial mineral resource block model, indicating potential for resource growth [3][11] 2026 Drill Program and Exploration Update - The 2026 drill program includes four active rigs focusing on infill drilling at the K2 and Cokes zones, aiming to convert inferred resources to indicated [4] - Exploration drilling is set to begin at the newly acquired Bullseye mineral license, targeting a 500 m corridor along the Appleton Fault Zone [4] - Regional exploration efforts are ongoing, with soil sampling programs designed to generate new trenching and drill targets for future advancement [5] K2 Infill Summary and Results - The K2 zone is defined by a mineralized footprint of approximately 490 m in length and 395 m in width, with gold mineralization starting at the surface and extending to a maximum depth of 250 m [6] - Initial 2025 K2 infill results have been released, with additional drilling continuing to demonstrate consistent gold mineralization [10][11] - Notable drill results include intersections of 5.22 g/t Au over 14.90 m and 18.9 g/t Au over 2.40 m, among others [8][12] 2025 Drill Program Summary - The 2025 drill program involved 74,377 m of drilling across 614 diamond drill holes, with 75% focused on the AFZ Core area [16] - Approximately 50% of the results from the 2025 drilling remain outstanding, including results from various zones and ongoing grade-control drilling [17] Future Plans - The 2026 infill drilling will initially target PEA Phase 2 open pit resource conversion, transitioning to Phase 3 underground resource conversion later in the year [18] - Additional grade-control drilling is planned for the Iceberg excavation, with potential expansions at the Keats and Iceberg excavations [19] - Exploration drilling will focus on resource expansion at the AFZ Core and advanced targets at Queensway South, expected to commence in H2/26 [21]

Core Viewpoint - Alamos Gold Inc. is advancing its exploration efforts in the Mulatos District, with significant new drilling results indicating the extension of high-grade gold mineralization at Puerto Del Aire (PDA) and new discoveries at Cerro Pelon and Halcon, which are expected to enhance the company's mineral resources and production potential by mid-2027 [1][2][3]. Exploration and Drilling Results - Ongoing surface exploration drilling has successfully extended high-grade gold mineralization beyond existing Mineral Reserves at PDA and Mineral Resources at Cerro Pelon [1][5]. - Significant sulphide-hosted gold mineralization has been intersected at Halcon, representing a new area of focus for potential higher-grade ore [1][6]. - The 2025 exploration program involved a total expenditure of $20 million, with 56,117 meters drilled across 170 holes, including 21,394 meters focused on Cerro Pelon [8][10]. Mineral Resource Growth - The company has defined over one million ounces of Mineral Reserves at PDA and an initial Mineral Resource at Cerro Pelon, with ongoing success expected to drive further resource growth [3][10]. - Cerro Pelon has an initial Measured and Indicated Mineral Resource totaling 104,000 ounces, grading 4.49 g/t Au, and remains open in multiple directions for further expansion [10][11]. Project Development Timeline - The PDA project is on track for initial production by mid-2027, with construction activities ramping up following the receipt of an amended environmental permit [2][9]. - The planned addition of a mill to process higher-grade sulphide ore from PDA is anticipated to create new growth opportunities within the Mulatos District [2][10]. Significant Drilling Highlights - New drilling results at PDA include notable intercepts such as 5.60 g/t Au over 23.85 m and 12.95 g/t Au over 4.25 m, indicating robust mineralization [5][19]. - At Halcon, significant intercepts include 3.04 g/t Au over 47.60 m, showcasing the potential for additional high-grade sulphide mineralization [22][19].