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Belmont Resources Receives Drill Permit For Crackingstone Uranium-Ree Project, Saskatchewan
Thenewswire· 2025-12-02 13:00
Core Insights - Belmont Resources Inc. has received a multi-year drill permit for its Crackingstone Uranium–REE Project, allowing for extensive exploration activities [1][3][11] - The project is located near Saskatchewan's uranium-rich Athabasca Basin, benefiting from excellent infrastructure and proximity to Uranium City [7][12] - Historical drilling results from 2008 confirmed uranium mineralization across all 20 holes, indicating significant potential for renewed exploration [4][5] Permit Details - The drill permit, known as Crown Land Work Authorization (CLWA), is valid until November 30, 2028, and covers the Crackingstone Project area [2] - The authorization allows Belmont to conduct various exploration activities, including drilling and geophysical surveys [1][2][8] Historical Context - The 2008 drilling program was successful, with all holes intersecting uranium mineralization, but exploration was halted due to the 2008 financial crisis [4][5] - Modern geophysical data supports the potential for significant mineralized corridors, warranting renewed drilling efforts [5][6] Project Preparation - Belmont is finalizing drill locations and preparing for the 2026 drilling program, including contractor selection and access route optimization [6][15] - Preparatory work involves integrating geological and geophysical data into the final drill layout [6] Mineralization Potential - The Crackingstone property has shown historic grab sample grades of up to 15.6% U₃O₈, with previous mining yielding 11 tons at an average grade of 2.3% U₃O₈ [10] - Three major mineralized corridors have been identified, totaling 10 kilometers in length, associated with high-grade uranium occurrences [10]
South Atlantic Gold Expands Pedra Branca Land Package with Two New Tenement Filings and Advances Magnetic Inversion & Structural Targeting
Thenewswire· 2025-12-02 13:00
Core Insights - South Atlantic Gold Inc. has filed two new mineral exploration tenement applications in Ceará State, Brazil, expanding its Pedra Branca land package to over 52,000 hectares [1][2] - The new applications cover approximately 3,970 hectares and are strategically located along priority magnetic and structural features [1][2] - The company is advancing its technical analysis, including magnetic inversion and structural interpretation, to identify priority drill targets [2][5] Technical Progress - 3D susceptibility models from UAV magnetic surveys have been completed, revealing NE-trending structures consistent with shear-related mineralization models [5] - Reduction-to-pole (RTP) processing has improved source localization, highlighting anomalies in underexplored northern blocks [5] - Initial inversion of government TMI/RTP data has been completed, with higher-resolution inversion pending [5] Regional Context - The new tenements include 1,978 hectares across Pedra Branca, Independência, and Boa Viagem municipalities, and 1,992 hectares in Pedra Branca municipality [5] - Regional structures appear to align with project-scale anomalies, reinforcing the broader exploration potential [5]
Lion Rock Drilling Update for High-Grade Gold-Lithium Project at Volney, South Dakota
Newsfile· 2025-12-02 12:20
Core Insights - Lion Rock Resources Inc. is advancing its inaugural drill program at the Volney Project in South Dakota, which has historically produced high-grade gold, lithium, and tin [1][10]. Financial Position - The company completed a financing round of $5.3 million in Q3 2025, providing sufficient funds to support its multi-phase exploration and drilling program at the Volney Project [2]. Drilling Progress - The drill program is progressing well, with multiple holes intersecting sulphide mineralization and strong alteration consistent with high-grade gold mineralization observed at the surface [4]. - All six drill holes targeting pegmatites have encountered spodumene-bearing zones, indicating potential for high-grade lithium [5]. - A total of ten drill holes have been completed, totaling approximately 2,400 meters, targeting both gold-bearing horizons and lithium-bearing pegmatites [5]. Geological Findings - Drill core samples have shown characteristics similar to surface mapping, with grab samples returning up to 14.0 g/t Au [5]. - Spodumene has been identified in multiple pegmatite intercepts, with drillhole VOL25-009 intersecting two spodumene-bearing zones [5]. Project Overview - The Volney Project is strategically located in the Black Hills, a historically significant mining region, and is home to the Giant Volney pegmatite, which remains untested at depth [10]. - The project is accessible year-round and consists of private claims with surface and mineral rights, facilitating rapid permitting and advancement [10].
NevGold Intercepts Highest-Grade Oxide Antimony At Bullet Zone Discovery: 5.51% Antimony Over 4.6 Meters Within 4.00 g/t AuEq Over 41.1 Meters (0.96% Antimony And 0.29 g/t Au) at Limo Butte, Nevada
Globenewswire· 2025-12-02 12:00
Core Insights - NevGold Corp. announced positive high-grade oxide antimony drill results from the newly discovered "Bullet Zone" at its Limousine Butte Project in Nevada, significantly expanding the gold-antimony mineralization footprint [1][3][4] Exploration and Drilling Results - The highest-grade antimony interval drilled to date was 5.51% Sb over 4.6 meters, with an associated gold equivalent of 21.49 g/t AuEq over the same interval [3][9] - The drilling program has confirmed the new geological model, with holes LB25-009 and LB25-002 intercepting gold-antimony mineralization below the older dolomite unit [3][13] - A total of 18 holes have been completed in the current 2025-2026 drill program, with assays pending [3][6] Historical Context and Geological Model - The Limousine Butte Project is a brownfield mine site with historical gold production, and the current exploration is focusing on the antimony potential in previously mined leach pads [3][4][8] - The updated geological model indicates that the older dolomite unit was thrust over the prospective Pilot Shale unit, preserving favorable mineralization at depth [12][17] Strategic Importance of Antimony - Antimony is classified as a "Critical Mineral" by the U.S. government, essential for national security and various technological applications [26][27] - The U.S. government has issued an Executive Order to strengthen domestic mineral production, highlighting the importance of antimony in the context of supply chain security [23][24][25] Future Plans and Objectives - The company plans to continue drilling the Bullet Zone to rapidly advance the Project towards an initial gold-antimony Mineral Resource Estimate [4][6] - The exploration efforts are aligned with the U.S. critical minerals strategy, aiming to support domestic production and reduce reliance on foreign sources [4][23]
NevGold Intercepts Highest-Grade Oxide Antimony At Bullet Zone Discovery: 5.51% Antimony Over 4.6 Meters Within 4.00 g/t AuEq Over 41.1 Meters (0.96% Antimony And 0.29 g/t Au) at Limo Butte, Nevada
Globenewswire· 2025-12-02 12:00
Core Insights - NevGold Corp. announced positive high-grade oxide antimony drill results from the newly discovered "Bullet Zone" at its Limousine Butte Project in Nevada, significantly expanding the gold-antimony mineralization footprint at the Resurrection Ridge target [1][3][4] Company Developments - The highest-grade antimony interval drilled to date was reported at 5.51% Sb over 4.6 meters, with a gold equivalent of 21.49 g/t AuEq over the same interval [3][9] - The company has completed 18 drill holes in the current 2025-2026 drill program, with assays pending [3][4] - Phase 1 antimony-gold sampling of the historically mined leach pads from the Golden Butte pit has been completed, indicating strong antimony-gold potential [3][4][8] Geological Insights - The new geological model has been confirmed with drill holes LB25-009 and LB25-002, which intercepted gold-antimony mineralization below the older thrusted dolomite unit [3][14] - The updated model outlines multiple Au-Sb target corridors, indicating a significant expansion potential for mineralization at the Project [17][19] Strategic Importance of Antimony - Antimony is classified as a "Critical Mineral" by the U.S. due to its strategic importance in military applications and technology [27][28] - The U.S. government has issued an Executive Order to strengthen domestic mineral production, identifying antimony as essential for national security [24][25][26] Market Context - Approximately 90% of the world's antimony supply is produced by China, Russia, and Tajikistan, with recent restrictions on exports from China exacerbating supply chain concerns [28] - The U.S. Department of Defense has designated antimony as a "Critical Mineral," emphasizing the need for domestic production to mitigate supply chain disruptions [28]
Critical One Energy Geophysical Interpretation Identifies Significant Extension Potential to Howells Lake Antimony-Gold Mineralization
Newsfile· 2025-12-02 11:59
Core Insights - Critical One Energy Inc. has identified significant potential expansions to mineralization at its Howells Lake Antimony-Gold Project through advanced geophysical and geological modeling of a recent VTEM airborne survey [1][2] - The new interpretive results confirm the potential for discovering additional areas of mineralization containing both antimony and gold, extending laterally for at least 2 kilometers [1][3] - The Howells Lake Project is positioned as a cornerstone asset with exceptional exploration and development potential for antimony and gold [2] Geophysical Survey Findings - The recent VTEM geophysical survey and geological modeling revealed characteristics of antimony-gold mineralization extending west, northeast, and at depth from previously discovered areas [2] - Modelled EM conductors indicate a steeply dipping stratigraphy extending to depths greater than 300 meters [1][3] - Historical drilling at Howells Lake West Zone intersected up to 4.7% antimony and 25.5 g/t gold over 1.43 meters, while the East Zone showed up to 75% antimony over 8.35 meters [3] Resource and Exploration Potential - The Howells Lake Project hosts a historical resource of 1.7 million tons at a grade of 1.4% antimony with associated gold mineralization, although this resource is not NI 43-101 compliant [4] - Geological mapping and significant drilling will be required to establish a compliant resource estimate [4] - The project is the only significant new antimony-gold project in Ontario, with North American production currently limited to a few sources [3][4] Strategic Positioning - Critical One Energy Inc. is strategically positioned to meet the rising global demand for critical minerals, focusing on antimony and gold exploration in Canada [10] - The company aims to leverage its technical, managerial, and financial expertise to drive growth and deliver value to shareholders [10]
Group Eleven Drills New Mineralized Zone South of Main Discovery Trend at Ballywire, Returning 7.3m of 5.2% Zn+Pb, 10 g/t Ag (from 326m), Incl. 3.8m of 7.3% Zn+Pb, 14 g/t Ag
Newsfile· 2025-12-02 11:00
Core Insights - Group Eleven Resources Corp. announced positive drilling results from the Ballywire discovery, revealing unexpected robust Zn-Pb-Ag mineralization south of the main discovery trend, which enhances the potential for additional mineralized zones [3][10] - The company is currently conducting an ambitious drilling campaign with four rigs operating in Ireland, aiming to unlock the full potential of the Ballywire project [3][26] Drilling Results - The latest drill hole 25-3552-47 intersected four zones of mineralization, including: - New Mineralized Zone (South) with 20.3m of 2.6% Zn+Pb, including 7.3m of 5.2% Zn+Pb and 10 g/t Ag [4][12] - Deeper Cu-Ag Zone with 11.3m of 0.26% Cu and 8 g/t Ag [4][12] - Drill hole 25-3552-45 also reported significant mineralization along a fault structure, indicating strong exploration potential further along the section [11][15] Exploration Potential - The exploration upside at Ballywire is significant, with the majority of the 6km long prospective trend yet to be drilled, suggesting a robust future for mineral discovery [3][10] - The company has completed or is near completion of thirteen new holes, indicating ongoing exploration efforts [16][17] Company Background - Group Eleven Resources Corp. is recognized for the Ballywire discovery, which is considered the most significant mineral discovery in Ireland in over a decade, with high grades of zinc, lead, silver, and copper [26][27] - The company has a strong treasury and is well-positioned to continue its exploration activities [3][10]
American Critical Minerals Provides Update on Process and Timelines to Launch Confirmation Drill Program Planned for its Green River Potash & Lithium Project
Accessnewswire· 2025-12-02 10:00
Core Viewpoint - American Critical Minerals Corp. is advancing its initial drill program at the Green River Potash and Lithium Project in Utah's Paradox Basin following successful funding efforts [1] Funding and Financials - The company closed a Bought Deal Offering and a Concurrent Non-Brokered Offering, raising approximately $7,451,000 in gross proceeds, which will be used for final bonding and drilling launch [1] Technical Expertise - With the appointment of Dean Pekeski and the existing Technical and Advisory Team, the company has enhanced its in-house expertise and technical capability for drilling and developing the project [1] Project Status - The company has three drill holes within its State of Utah Potash Mineral Leases (SITLA Leases) that are fully permitted and bonded for drilling [1]
District Identifies Large and Robust Targets from Airborne MobileMT Survey at Malgomaj Alum Shale Property in Sweden
Newsfile· 2025-12-02 07:00
Core Insights - District Metals Corp. has reported positive results from the airborne Mobile Magnetotelluric (MobileMT) survey at its Malgomaj mineral licenses in Sweden, indicating significant geophysical anomalies that may represent mineralized Alum Shales [1][5][11] Summary by Sections Survey Results - The MobileMT survey covered approximately 37,132 hectares and identified six low resistivity (highly conductive) anomalies, which are consistent with the signature observed at the Viken Deposit [5][11] - Target A measures 20.4 km long by up to 5.4 km wide, while Target B is 17.7 km long by up to 4.1 km wide, both interpreted to be Alum Shale [9] Strategic Developments - Based on the survey results, the company has applied for a new mineral license adjacent to the existing Malgomaj mineral license to cover potential extensions of the MobileMT anomaly [2] - The Malgomaj property, along with the Österkälen and Tåsjö licenses, forms part of the company's Alum Shale Properties, covering approximately 79,250 hectares [3] Technical Confidence - The clarity of the newly defined MobileMT conductive anomalies, combined with their favorable structural context, provides a high level of technical confidence for the presence of thick, mineralized Alum Shales [11] - The results represent a significant advancement in the company's strategy to delineate drill-ready targets in an underexplored region rich in various critical raw materials [5][11] Regulatory Context - The Swedish Government has approved the proposal to lift the ban on uranium exploration and mining, with legislation expected to be revised on January 1, 2026, which may enhance the exploration potential for the company [12]
Greenridge Exploration Announces Flow-Through Financing
Globenewswire· 2025-12-01 22:00
Core Viewpoint - Greenridge Exploration Inc. is initiating a non-brokered private placement to raise up to C$2,000,000 through the sale of flow-through units, aimed at funding exploration activities on its project portfolio [1][4]. Group 1: Offering Details - The Offering will consist of up to 5,714,286 flow-through units priced at C$0.35 each, with each unit comprising one common share and one purchase warrant [1][2]. - Each warrant allows the holder to purchase one common share at C$0.40 for a period of 24 months from issuance [2]. - The Offering is subject to necessary approvals, including from the Canadian Securities Exchange [5]. Group 2: Use of Proceeds - Proceeds from the Offering will be allocated to eligible Canadian exploration expenses qualifying as flow-through mining expenditures related to the Company's projects [4]. - All qualifying expenditures will be renounced in favor of the subscribers effective December 31, 2025 [4]. Group 3: Company Overview - Greenridge Exploration Inc. is focused on mineral exploration, owning interests in 21 projects covering approximately 281,100 hectares, with a focus on uranium, lithium, nickel, copper, and gold [6][8]. - The Company has one of the largest uranium property portfolios in Canada, with 13 projects covering about 194,350 hectares [7]. - The management team possesses significant expertise in capital raising and advancing mining projects, positioning the Company to attract new investors [8].