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Galway Metals Reports High-Grade Drilling at North Deposit Intersects 18.0 g/t Gold Over 3.0m from 53m Depth
Accessnewswire· 2025-11-25 12:00
TORONTO, ON / ACCESS Newswire / November 25, 2025 / Galway Metals Inc. (TSXV:GWM)(OTCQB:GAYMF) (the "Company" or "Galway") is pleased to report drill results for ten diamond drill holes from the North Deposit within its 100%-owned flagship Clarence Stream gold project in New Brunswick, Canada. Clarence Stream hosts district-scale potential along a 65-kilometre strike length of highly prospective gold showings, anomalies and a 2022 MRE of 12.4 Mt @ 2.3 g/t Au Indicated for 922,000 oz. ...
West Point Gold Drills 36.6 m of 7.35 g/t Au from 161.5 m to 198.1 m, Including 25.9 m of 9.95 g/t Au from 167.6 m to 193.5 m, Extending High-Grade Zone at Northeast Tyro
Newsfile· 2025-11-25 12:00
West Point Gold Drills 36.6 m of 7.35 g/t Au from 161.5 m to 198.1 m, Including 25.9 m of 9.95 g/t Au from 167.6 m to 193.5 m, Extending High-Grade Zone at Northeast TyroNovember 25, 2025 7:00 AM EST | Source: West Point Gold Corp.Vancouver, British Columbia--(Newsfile Corp. - November 25, 2025) - West Point Gold Corp. (TSXV: WPG) (OTCQB: WPGCF) (FSE: LRA0) ("West Point Gold" or the "Company") is pleased to announce the results from the initial two holes of the Tyro Northeast (NE) drilling cam ...
Barrick, Mali strike deal to resolve Loulo-Gounkoto mining disputes
Yahoo Finance· 2025-11-25 11:41
Barrick Mining has signed an agreement with the Government of the Republic of Mali to resolve all disputes related to the Loulo and Gounkoto mines, marking a significant development in the Barrick-Mali mining dispute resolution. Under the agreement, all charges against Barrick, its affiliates and its employees will be dropped, and legal steps for the release of four detained Barrick employees will be initiated. The provisional administration of the Loulo-Gounkoto complex will be terminated, and operation ...
AuMEGA Metals Expands Drill Program
Newsfile· 2025-11-25 11:30
Edmonton, Alberta--(Newsfile Corp. - November 25, 2025) - AuMEGA Metals Ltd (ASX: AAM) (TSXV: AUM) (OTCQB: AUMMF) ("AuMEGA" or "the Company") is pleased to announce that it has mobilised a second diamond drill rig to expand the diamond drilling program on the Major Electromagnetic ("EM") anomaly at the Cape Ray Gold Project in Newfoundland and Labrador, Canada (Figure 1).The current diamond drill program is progressing well and is currently focused on a large, newly defined airborne electromagnetic ("EM") ...
Harvest Gold Discovers New Mineralized Horizon At The Trench 1B Target: Provides Results From The First Six Holes Of Its Mosseau Drill Program
Thenewswire· 2025-11-25 11:30
Core Insights - Harvest Gold Corporation has announced the first series of assay results from its maiden drill program at the Mosseau property in Quebec's Abitibi region, indicating positive exploration progress [1][2]. Drilling Program Highlights - The drill program has completed 14 holes totaling 3,030 meters, with assay results published for the first six holes, representing 20% of the planned 5,000-meter program [3][6]. - Significant assay results include 1.90 g/t gold over 5.4 meters, with a higher-grade section of 8.67 g/t gold over 0.6 meters in hole MO-25-15 [4][9]. - Hole SW-25-14 intersected widespread gold mineralization, including 1.10 g/t Au over 6.0 meters, highlighting the potential to expand historical mineralization at the Mosseau Project [5][9]. Geological Insights - The discovery of a mineralized horizon approximately 100 meters east of Trench 1B is associated with a moderate Induced Polarization (IP) anomaly that can be traced for 600 meters along strike [4][9]. - The mineralized zones contain semi-massive sulphides, primarily pyrite and chalcopyrite, with notable silver and base metal values, including 203 g/t silver, 2.26% copper, 0.16% zinc, and 0.05% lead [4][9]. Company Overview - Harvest Gold is focused on exploring near-surface gold deposits and copper-gold porphyry deposits in stable mining jurisdictions, with a management team that has over 400 years of collective geological and financing experience [8][10]. - The company has three active gold projects in the Urban Barry area, covering a total of 20,016.87 hectares [10][11].
STLLR Gold's Hollinger Tailings Project Maiden Mineral Resource Estimate Provides A Strong Foundation for Exploring Future Short-Term Development Under Ontario's New Recovery of Minerals Regime
Newsfile· 2025-11-25 11:00
Core Insights - STLLR Gold Inc. has announced a maiden Mineral Resource Estimate (MRE) for its Hollinger Tailings Project, indicating a significant step towards potential cash flows and environmental remediation [2][3][4] Mineral Resource Estimate Summary - The Hollinger MRE includes a total of 412,000 ounces of gold in the Indicated category and 93,000 ounces in the Inferred category, with an average grade of 0.35 g/t Au [5][6] - Phase 1 of the project has an estimated 16.1 million tonnes at a grade of 0.41 g/t Au, containing 212,000 ounces of gold [5][6] - The resource estimate is based on 11,230 meters of sonic drilling from 423 holes, with 82% of the mineralization classified as Indicated [15][20] Business and Development Strategy - The company aims to generate near-term cash flow with minimal capital intensity due to existing infrastructure and high metallurgical recoveries from tailings [3][4] - STLLR has initiated permitting under Ontario's new Recovery of Minerals Regime, designed to expedite the development of such projects [3][18] - The company is exploring mining sequence analysis and operating scenarios tailored to Phase 1 to position it as the starting point for future production [3][4] Community and Environmental Impact - The Hollinger project is expected to provide environmental rehabilitation by reprocessing a century-old tailings facility, benefiting the local community and shareholders [4][22] - The Mayor of Timmins highlighted the project's potential for sustainable development through the remediation of historic mine tailings [4][22]
Dryden Gold Expands the Gold Rock Camp with High-Grade Discoveries at Mud Lake
Newsfile· 2025-11-25 11:00
Core Insights - Dryden Gold Corp. has successfully expanded the Gold Rock Camp with high-grade gold discoveries at the Mud Lake Target Area, confirming the geological potential for multiple gold-bearing structures [1][3][5] - The exploration program aims to validate the theory of periodicity of deposits in the Gold Rock Camp, with initial results indicating a promising geological setting [3][5] - The company plans to continue developing additional targets in the Gold Rock Camp following the successful step-out drilling at Mud Lake [1][3] Exploration Results - The first pass 3-hole exploration program at Mud Lake revealed significant gold grades, including a quartz vein intersecting as high as 43.10 g/t gold over 0.50 meters [5][8] - Surface sampling indicated a high-grade shear zone with 93.00 g/t gold, suggesting a potential 1-kilometer mineralized footprint similar to the Gold Rock target area [5][9] - The geological interpretation of the Mud Lake footprint is ongoing, with initial findings confirming a flexure in the mineralized trend, which is common in shear zone systems [6][10] Future Plans - The company will analyze data collected from the summer Mud Lake program to plan for permitting and further testing [6][12] - A webinar is scheduled for December 4, 2025, to provide an overview of the 2025 exploration program and details about upcoming initiatives for the 2026 drill program [12] - Dryden Gold aims to leverage its strategic land position in the Dryden District of Northwestern Ontario, which includes historic gold mines and significant exploration potential [16]
B2Gold: Mali Fear Dominates The Narrative, While Goose Mine Shows Its True Potential
Seeking Alpha· 2025-11-25 10:38
Core Viewpoint - B2Gold (BTG) is highlighted as an intriguing gold mining company with a distressed valuation despite gold prices being near all-time highs [1] Company Analysis - B2Gold is currently experiencing a valuation that is considered distressed, which may present potential investment opportunities [1] Industry Context - The gold mining sector is characterized by high gold prices, which are near historical peaks, suggesting a favorable environment for gold miners [1]
Desert Gold Delivers PEA Update for SMSZ Project with USD $61 Million After-Tax NPV (10%) and 57% IRR at USD $2,850/oz Gold for Barani and Gourbassi Deposits in West Mali
Newsfile· 2025-11-25 10:30
Core Insights - Desert Gold Ventures Inc. has released an updated Preliminary Economic Assessment (PEA) for its SMSZ Gold Project in Mali, indicating a robust economic outlook with an after-tax NPV of USD $61 million and an IRR of 57% at a gold price of USD $2,850 per ounce [2][4][10] Project Overview - The PEA includes the Barani and Gourbassi deposits, projecting an increase in production capacity from 18,000 tonnes per month to approximately 36,000 tonnes per month over a mine life of 10 years [3][6] - The total gold production is estimated at 130,700 ounces, with 113,100 ounces expected to be recoverable through a gravity and CIL processing method [4][25] Financial Metrics - At a gold price of USD $2,850 per ounce, the project shows an after-tax NPV of USD $61 million and an IRR of 57%, with a payback period of 2.5 years [4][10] - If the gold price rises to USD $4,070, the after-tax NPV increases to USD $124 million, with an IRR of 101% and a payback period of 2.1 years [5][10] Production and Cost Estimates - The average all-in sustaining cost (AISC) is estimated at USD $1,137 per ounce, with total cash costs at USD $29.70 per tonne processed [7][22] - The project anticipates a cumulative cash flow of USD $126 million after tax over the 10-year mine life [11] Mining and Processing Strategy - The mining plan is structured in two phases, starting with Barani East and transitioning to Gourbassi, utilizing a modular processing plant to minimize initial capital costs [6][58] - The average strip ratio for the combined operations is estimated at 2.60:1, with a total of approximately 11 million tonnes of waste rock and 4.24 million tonnes of ore planned to be mined [9][37] Mineral Resource Estimate - The current PEA focuses on oxide and transitional mineralization, with total Measured and Indicated Resources at 11.12 million tonnes grading 0.94 g/t Au for 336,800 ounces [27][30] - The study excludes deeper sulfide mineralization, which may provide additional resources for future evaluations [28][33] Exploration and Future Plans - The company plans to continue exploration across Barani, Gourbassi, and Gourbassi East, with multiple near-mine targets identified for potential resource expansion [8][60] - Advanced discussions are underway with potential partners for funding to commence construction at Barani East [60]
Harmony approves development of Eva Copper Project in Queensland
Yahoo Finance· 2025-11-25 10:10
Harmony Gold Mining has approved the development of the Eva Copper Project in Northwest Queensland, Australia, following the completion of an updated feasibility study and the final investment decision (FID) by its board. The Eva Copper Project is a 100%-owned, high-margin, long-life asset that is expected to significantly expand Harmony’s copper portfolio. The proposed open-pit mine will have a low strip ratio and is forecast to produce approximately 65,000 tonnes per annum (tpa) of copper in concentrat ...