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Trident Intersects 5.73 g/t Au over 15.0m including 9.35 g/t Au over 7.0m and 15.05 g/t Au over 2.0m Below Historical Mining Infrastructure at the Contact Lake Gold Project in Northern Saskatchewan
Globenewswire· 2026-01-20 08:30
Core Viewpoint - Trident Resources Corp. has reported successful results from the final six diamond drill holes of its 2025 drill program at the Contact Lake Project, indicating substantial gold mineralization and the potential for significant depth expansion of the gold system [1][3][5]. Summary of Drilling Results - The final six drill holes intersected substantial gold mineralization within, above, and below the Bakos Shear Zone, demonstrating the depth potential of the orogenic gold system at Contact Lake [3][5]. - Hole CL25017 returned 5.73 g/t gold over 15.0m, including 9.35 g/t over 7.0m and 15.05 g/t over 2.0m [4]. - Hole CL25016 returned 2.62 g/t gold over 37.44m, including 5.70 g/t over 9.0m and 11.53 g/t over 2.3m [4]. - A winter 2026 drill program of approximately 10,000 metres in up to 40 drill holes has commenced [4]. Project Overview - The Contact Lake Gold Project covers approximately 22,790 hectares and includes the past-producing Contact Lake gold mine, which produced around 190,000 ounces of gold at an average head grade of 6.16 g/t Au from 1994 to 1998 [21]. - The project is located in the La Ronge Gold Belt of Saskatchewan, which is known for its gold potential [21]. - Trident Resources aims to explore and drill systematically to expand and discover additional high-grade gold zones [8][21]. Future Exploration Plans - The 2026 winter drill program will focus on extending recently discovered and historically identified gold zones along strike to the northeast in the BK3 Zone [8]. - The company believes that the gold system at Contact Lake has excellent potential to extend well below the limits of historical mining, where there has been minimal drill testing [6][21].
Tiger Drills 139.6 m @ 0.9 g/t Au and Returns Higher-Than-Modelled Grades and Adds Ounces at Tesorito
TMX Newsfile· 2026-01-20 08:01
Core Insights - Tiger Gold Corp. has reported positive assay results from the first two drill holes of its ongoing campaign at the Tesorito deposit within the Quinchía Gold Project in Colombia, indicating strong potential for resource growth and improved confidence in mineralization [5][6][8]. Drill Results - The drill hole TSDH-68 returned 0.9 g/t Au over 139.6 m from 0.8 m downhole, including 30 m at 1.3 g/t Au, and TSDH-67 returned 0.7 g/t Au over 68 m from surface, including 1.7 g/t Au over 16 m [5][10][11]. - Both holes intersected strongly mineralized porphyry-hosted mineralization, with TSDH-68 showing higher-than-modelled grades in a sparsely drilled zone [9][11]. Drilling Campaign Details - The ongoing drill program consists of a 10,000-metre Phase 1 campaign aimed at expanding known mineralization and upgrading Inferred Mineral Resources to Indicated status [6][8]. - Two drill rigs are currently operational, with a third rig expected to arrive soon to enhance drilling efforts across high-impact targets [5][8]. Financial and Project Development - The company recently secured $16.3 million in financing to support its drilling activities and advance the Quinchía Gold Project towards pre-feasibility or feasibility-level studies [5][7]. - The Preliminary Economic Assessment (PEA) for the Quinchía Gold Project indicates a post-tax NPV (5%) of $534 million and an IRR of 21.3% based on a gold price of $2,650/oz [22]. Mineral Resource Estimates - The Quinchía Gold Project includes Mineral Resource estimates for the Miraflores and Tesorito deposits, with Inferred resources of 104 million tonnes at 0.47 g/t Au for 1.57 million ounces of gold [21][20].
Grande Portage Resources Receives Approval for 2026 Plan of Operations (Drill Permit) from the US Forest Service
Accessnewswire· 2026-01-20 07:00
Core Viewpoint - Grande Portage Resources Ltd. has received approval for its 2026 Plan of Operations, allowing for drilling and fieldwork at the New Amalga Gold property in Southeast Alaska [1] Company Summary - The approval was granted by the US Forest Service, indicating regulatory support for the company's upcoming activities [1] - The New Amalga Gold property is positioned in a region with potential for gold exploration, which may enhance the company's resource portfolio [1]
Kalo Gold Announces Closing of Second and Final Tranche of Life Offering and Concurrent Private Placement for Total Gross Proceeds of $12.45 Million to Advance the Vatu Aurum Project
Accessnewswire· 2026-01-20 00:10
Core Viewpoint - Kalo Gold Corp. is making a significant announcement regarding its operations and future plans, which may impact its market position and investor interest [1] Group 1 - The announcement is dated January 19, 2026, indicating a strategic move by Kalo Gold Corp. [1] - The company is based in Vancouver, BC, suggesting a focus on the North American market [1] - The communication is restricted from distribution to United States newswire services, highlighting potential regulatory considerations [1]
Cygnus cible deux nouveaux prospects aurifères minéralisés pour accroître ses ressources
Globenewswire· 2026-01-19 23:51
Core Insights - Cygnus Metals Limited has identified two high-priority gold drilling targets within its Chibougamau copper-gold project in Quebec, which are expected to significantly enhance resource growth by 2026 [2][4][10] Exploration and Resource Growth - The company is focused on intensive exploration at the Chibougamau project, with two high-priority gold targets identified that have significant high-grade gold mineralization and limited modern exploration [4][6] - The Gwillim project, a joint venture with Alamos Gold, is located 12 km northwest of the Chibougamau processing plant and has historical production of 39,000 ounces of gold at a grade of 4.8 g/t [5][8] - The Joe Mann project, a historical high-grade gold mine, has produced 1.2 million ounces at a grade of 8.3 g/t and contains inferred resources of 0.7 million tonnes at 6.0 g/t for 143,000 ounces [6][8][9] Drilling Results and Targets - Significant drilling intersections at the Gwillim project include 7.6 m at 38.1 g/t Au, 15.2 m at 9.4 g/t Au, and 16.4 m at 8.3 g/t Au [6][7] - At the Joe Mann project, notable intersections include 0.7 m at 480.2 g/t Au, 3.8 m at 20.8 g/t Au, and 8.4 m at 6.3 g/t Au [6][13] - The company plans to conduct a drilling program in Q2 2026, pending permit approvals, to further explore these high-potential targets [6][10] Current Resource Estimates - Current resources at the Chibougamau project are estimated at 6.4 million tonnes at 3.0% Cu equivalent for 193,000 tonnes Cu equivalent (measured and indicated) and 8.5 million tonnes at 3.5% Cu equivalent for 295,000 tonnes Cu equivalent (inferred) [6][27] - The Golden Eye deposit has indicated resources of 0.5 million tonnes at 5.6 g/t Au for 91,000 ounces Au equivalent and inferred resources of 1.2 million tonnes at 4.6 g/t Au equivalent for 182,000 ounces Au equivalent [10][27] Infrastructure and Strategic Position - The Chibougamau region is well-equipped with established infrastructure, including a processing plant with a capacity of 900,000 tonnes per annum, a local mining town, paved highways, an airport, regional rail infrastructure, and a hydroelectric power station [11] - The processing plant is the only one within a 250 km radius, providing a strategic advantage for the development of copper and gold resources in the area [11][14]
Cygnus eyes two new mineralised gold prospects for resource growth
Globenewswire· 2026-01-19 23:51
Core Insights - Cygnus Metals Limited is advancing its exploration strategy focused on resource growth at the Chibougamau Copper-Gold Project in Quebec, with significant high-grade gold drilling targets identified [2][4][10] Group 1: Project Overview - The Chibougamau Project has a current resource of 6.4 million tonnes (Mt) at 3.0% CuEq for 193,000 tonnes (kt) CuEq (Measured & Indicated) and 8.5 Mt at 3.5% CuEq for 295 kt CuEq (Inferred) [4][10] - The project benefits from established infrastructure, including a processing facility with a capacity of 900,000 tonnes per annum (tpa), a local mining town, and regional rail infrastructure [11] Group 2: Drilling Targets - Two high-priority drill targets have been identified: the Gwillim Project and the Joe Mann Project, both known for significant high-grade gold mineralization [4][5] - The Gwillim Project has returned intersections such as 7.6m at 38.1g/t Au, 15.2m at 9.4g/t Au, and 16.4m at 8.3g/t Au, indicating strong potential for resource growth [5][6][10] - The Joe Mann Project has an Inferred Resource of 0.7 Mt at 6.0g/t Au for 143,000 ounces (koz) Au, with high-grade intersections including 0.7m at 480.2g/t Au [8][13] Group 3: Upcoming Activities - Drilling at the Golden Eye deposit is set to resume later this month to test extensions below the current resource, which includes an Indicated Resource of 0.5 Mt at 5.6g/t AuEq for 91 koz AuEq and an Inferred Resource of 1.2 Mt at 4.6g/t AuEq for 182 koz AuEq [10][11] - Assays are pending from follow-up drilling at Cedar Bay, which previously returned 28.9m at 2.5g/t AuEq [10] Group 4: Strategic Importance - The identified targets align with the company's strategy for resource growth by 2026, emphasizing high-grade mineralization and the potential for significant extensions [2][4] - The proximity of the Joe Mann Project to recent acquisitions in the area, such as IAMGOLD's acquisition of Northern Superior Resources for C$267.4 million, highlights the strategic importance of the region [9]
Cygnus eyes two new mineralised gold prospects for resource growth
Globenewswire· 2026-01-19 23:51
Core Viewpoint - Cygnus Metals Limited is focusing on resource growth at its Chibougamau Copper-Gold Project in Quebec, identifying high-priority gold drilling targets with significant potential for high-grade mineralization [2][4][10]. Exploration and Drilling Targets - The company has identified two high-priority drill targets, Gwillim and Joe Mann, both known for substantial high-grade gold mineralization and limited modern exploration [4][6]. - Gwillim Project, a joint venture with Alamos Gold, is located 12 km from the Chibougamau processing facility and has historical production of 39,000 ounces at a grade of 4.8 g/t [5]. - Joe Mann Project, located 46 km south of the processing facility, produced 1.2 million ounces at a grade of 8.3 g/t before its closure in 2007 and has an inferred resource of 0.7 million tonnes at 6.0 g/t [6][10]. Significant Intersections - Recent drilling at Gwillim has returned notable intersections, including: - 7.6 m at 38.1 g/t Au from 314.9 m [7] - 15.2 m at 9.4 g/t Au from 155.1 m [7] - 16.4 m at 8.3 g/t Au from 168.3 m [7] - At Joe Mann, significant intersections include: - 0.7 m at 480.2 g/t Au from 92.3 m [13] - 3.8 m at 20.8 g/t Au from 287.2 m [13] - 8.4 m at 6.3 g/t Au from 175.6 m [13] Resource Estimates - The current resource at the Chibougamau Project is estimated at 6.4 million tonnes at 3.0% CuEq for 193,000 tonnes CuEq (Measured & Indicated) and 8.5 million tonnes at 3.5% CuEq for 295,000 tonnes CuEq (Inferred) [6][10]. - The Golden Eye deposit has an indicated resource of 0.5 million tonnes at 5.6 g/t AuEq for 91,000 ounces AuEq and an inferred resource of 1.2 million tonnes at 4.6 g/t AuEq for 182,000 ounces AuEq [10]. Infrastructure and Strategic Position - The Chibougamau area has well-established infrastructure, including a processing facility with a capacity of 900,000 tonnes per annum, which is the only facility within a 250 km radius [11]. - This infrastructure provides a significant advantage for the development of copper-gold opportunities in the region [11].
Centerra Gold's Kemess Preliminary Economic Assessment Highlights Strong Economics that Support the Company's Long-Term Growth Pipeline
Globenewswire· 2026-01-19 22:00
Expanded mineral resource and strong exploration upside support long-term production potential Streamlined project execution driven by integrated open pit and underground mining strategy Existing infrastructure and staged capital investment result in lowered execution risk This news release contains forward-looking information about expected future events that is subject to risks and assumptions set out in the “Cautionary Statement on Forward-Looking Information” below. All figures are in United States doll ...
Centerra Gold’s Kemess Preliminary Economic Assessment Highlights Strong Economics that Support the Company’s Long-Term Growth Pipeline
Globenewswire· 2026-01-19 22:00
Core Insights - Centerra Gold Inc. has announced an updated mineral resource and a Preliminary Economic Assessment (PEA) for its Kemess project, indicating strong economic potential with an after-tax NPV5% of $1.1 billion and an IRR of 16% based on long-term metal prices of $3,000 per ounce of gold and $4.50 per pound of copper [3][4][36]. Mineral Resource and Economic Highlights - The updated mineral resource includes 3.3 million ounces of gold and 1.1 billion pounds of copper in the indicated category, and 3.6 million ounces of gold and 1.2 billion pounds of copper in the inferred category [7][23]. - The PEA outlines a 15-year mine life with average annual production of 171,000 ounces of gold and 61 million pounds of copper, at an all-in sustaining cost (AISC) of $971 per ounce [4][10][36]. - At spot prices of $4,500 per ounce of gold and $6.00 per pound of copper, the after-tax NPV5% increases to $2.8 billion, with an IRR of 29% [7][36]. Project Execution Strategy - The project will utilize an integrated mining strategy, starting with open pit operations followed by underground mining approximately two years later, optimizing the use of existing infrastructure [4][10][36]. - Initial non-sustaining capital expenditures are estimated at $771 million, with an additional $277 million planned for expansionary capital to support underground operations [17][18]. Exploration Potential - Significant exploration upside exists, with 28 kilometers of drilling completed in 2025, confirming mineralization continuity and identifying further resource growth opportunities [27][28]. - Future exploration will focus on infill drilling at the Kemess Main zone and resource extension at the Kemess Offset zone, with potential targets identified along the eastern extensions [28][29]. Community and Economic Impact - The Kemess project is expected to create over 700 jobs and generate substantial economic benefits for local communities and First Nations, reinforcing its role as a significant economic driver in British Columbia [34][32].
Elemental Royalty to Participate in Renmark's Virtual Non-Deal Roadshow Series on Monday, January 26, 2026
TMX Newsfile· 2026-01-19 21:30
Core Viewpoint - Elemental Royalty Corporation is participating in a live Virtual Non-Deal Roadshow on January 26, 2026, to discuss its latest investor presentation and engage with stakeholders and investors [1][2]. Group 1: Event Details - The event will feature David M. Cole, CEO, and Frederick Bell, President & COO, covering the latest investor presentation followed by a live Q&A session [2]. - Registration for the live event is required, and while attendance may be limited, a replay will be available on the Company's Investor website [2]. Group 2: Company Overview - Elemental Royalty Corporation is a mid-tier, gold-focused streaming and royalty company with a diversified portfolio of 16 producing assets and over 200 royalties [3]. - The Company was formed through the merger of Elemental Altus and EMX, combining strengths in royalty acquisitions and generation, aimed at delivering immediate cash flow and long-term value creation [3]. - Elemental Royalty trades on the TSX Venture Exchange and NASDAQ under the ticker symbol "ELE" [4].