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ONGold Intercepts High-Grade Copper, Silver with Gold in Newly Identified Massive Sulphide Zone at Gold Ridge: 11.10% Cu, 218 g/t Ag and 4.45 g/t Au over 0.4 Metres in Hole GR-25-012
TMX Newsfile· 2026-01-19 12:30
Core Insights - ONGold Resources Ltd. has announced final results from a nine-hole diamond drilling program at the Ti-pi-ha-kaa-ning (TPK) project in Northern Ontario, revealing significant copper, silver, and gold mineralization [1][5][25] Group 1: Drilling Results - The drilling program totaled 2,169 meters and confirmed high-grade intersections of gold, copper, and silver in the Gold Ridge area [1][7] - Notable results include drill hole GR-25-012, which intersected 3.06% Cu, 60.3 g/t Ag, and 1.5 g/t Au over 1.5 meters, including 11.1% Cu and 218 g/t Ag over 0.4 meters [6][20] - Drill hole GR-25-011 reported 19.39 g/t Au and 1.0 g/t Ag over 8.2 meters, with a peak of 308 g/t Au over 0.3 meters [3][10] Group 2: Geological Insights - The TPK property is situated in a favorable geological setting, characterized by a complex system of mineralization controlled by shears in intrusive rocks [15][17] - The Gold Ridge area is interpreted to host a large, intrusive-hosted, orogenic copper-gold system, with significant potential for further discoveries across a 1,500-meter gap between the West Discovery Zone and the Discovery Zone [7][25][27] Group 3: Future Plans - The company plans to conduct further geological compilations and permit a wider drilling program for 2026, aiming to explore the identified mineralized systems more extensively [5][29] - Additional work programs include ground electromagnetic and gravity surveys, field exploration, and further drilling in priority areas [36][29] Group 4: Company Overview - ONGold Resources Ltd. holds significant exploration assets in Northern Ontario and Manitoba, including the TPK project, which is part of a strategic footprint in a prolific gold-producing region [33][34]
RUA GOLD Provides Exploration Update and 2026 Outlook for the Auld Creek Gold-Antimony Project, Reefton Goldfield
TMX Newsfile· 2026-01-19 12:00
Core Viewpoint - Rua Gold Inc. is advancing its Auld Creek gold-antimony project in New Zealand, with significant exploration updates and permitting activities aimed at accelerating resource development and production plans for 2026 [1][4][6]. Exploration Update - New mineral intersections confirm the expansion of the Auld Creek system beyond 870 meters, with mineralization remaining open to the north and at depths exceeding 320 meters [3][10]. - A third drill rig is set to commence operations by the end of January 2026, which will enhance resource development and test anomalies along the Fraternal and Bonanza lodes [3][6]. - Highlighted assay results include ACDDH050 with 3.0m at 21.27 g/t AuEq (4.5 g/t Au & 3.9% Sb) from 137m, and ACDDH056 with 5.1m at 7.27 g/t AuEq (5.3 g/t Au & 0.5% Sb) from 240.4m [6][18]. Permitting Activities - The company has made significant progress in permitting activities, targeting the submission of a Fast Track referral application in the first half of 2026 [4][7]. - Engagement with local Maori stakeholders, Te Runanga o Ngāti Waewae, has been ongoing, with strong support for the project and collaboration on cultural impact assessments [8][9]. - The mine concept design was completed in 2025, and community consultations are set to intensify throughout 2026 [9]. Technical Reports and Assessments - RSC Consulting has been engaged to prepare an updated NI 43-101 Reefton Technical Report, scheduled for publication in February 2026, which will incorporate drilling results to date [6][10]. - Tendering is underway for works to support a Preliminary Economic Assessment (PEA) [6][9]. Regional Opportunities - Auld Creek is one of at least six known occurrences of gold-antimony in the Reefton Goldfield, which has a historical production of over 2 million ounces of gold [19][21]. - The company controls over 120,000 hectares of tenements in the Reefton Gold District, positioning it as a dominant landholder in the region [21].
IAMGOLD Reports Preliminary 2025 Operating Results & 2026 Guidance
TMX Newsfile· 2026-01-19 12:00
Core Insights - IAMGOLD Corporation reported strong preliminary operating results for Q4 and full year 2025, with record production across all mines and a positive outlook for 2026 [1][4][5] 2025 Highlights - Attributable gold production for 2025 reached 765,900 ounces, achieving the mid-point of the production guidance range of 735,000 to 820,000 ounces [5][7] - Côté Gold produced 279,900 attributable ounces in 2025, while Westwood and Essakane produced 113,900 and 372,100 ounces respectively [5][12][14] - Record revenues were anticipated with annual gold sales of 817,800 ounces at an average realized price of approximately $3,480 per ounce [5][7] 2026 Outlook - The company expects attributable gold production in 2026 to be between 720,000 and 820,000 ounces, with Côté Gold focusing on sustainable operations [5][17] - Cash costs are projected to average $1,100 to $1,250 per ounce sold, with all-in sustaining costs (AISC) expected to be in the range of $1,425 to $1,575 per ounce sold [5][17] - Sustaining capital expenditures are estimated at approximately $380 million, with expansion capital expenditures of $120 million planned for 2026 [5][17] Côté Gold Operations - Côté Gold achieved full nameplate production capacity in June 2025, with 2026 production expected to be between 270,000 and 310,000 attributable ounces [8][19] - The focus for 2026 will be on stabilization and optimization of operations, with a significant pushback planned to enhance mine efficiency [19][20] - Cash costs at Côté Gold are expected to range from $900 to $1,050 per ounce sold, with AISC projected at $1,775 to $1,925 per ounce sold [21][22] Westwood Complex - Westwood's production is anticipated to be between 110,000 and 130,000 ounces in 2026, with underground mining activities planned for 900 to 1,000 tonnes per day [23][24] - Cash costs are expected to be in the range of $1,500 to $1,650 per ounce sold, with AISC projected at $1,950 to $2,100 per ounce sold [24] Essakane Operations - Essakane's attributable production is expected to be between 340,000 and 380,000 ounces in 2026, focusing on mining activities in Phase 6 and 7 [27][28] - Cash costs are projected to range from $1,150 to $1,300 per ounce sold, with AISC expected to be between $2,000 and $2,150 per ounce sold [28][29] Exploration Initiatives - Exploration expenditures for 2026 are expected to be approximately $54 million, with significant spending planned at the Nelligan Complex [30][31] - The exploration program aims to expand the mineralized footprint of key projects while testing high-priority targets [6]
Endurance Reports Inaugural Mineral Resource Estimate at Reliance, 19.6 Mt at 2.30 gpt Au for 1.45 M oz Gold Inferred
TMX Newsfile· 2026-01-19 12:00
Vancouver, British Columbia--(Newsfile Corp. - January 19, 2026) - Endurance Gold Corporation (TSXV: EDG) (OTCQB: ENDGF) (FSE: 3EG) (the "Company") is pleased to announce an inaugural Inferred Mineral Resource Estimate ("MRE") of 19.6 million tonnes ("Mt") at 2.30 grams per tonne ("gpt") Au for 1.45 million ounces ("Moz") gold at its 100%-owned Reliance Gold Project (the "Project") located in southwest British Columbia, Canada.Highlights:Inferred Mineral Resource: 19.6 Mt grading 2.30 gpt Au, for 1.45 Moz ...
Inflection Resources Intercepts 3 Metres Grading 7.72 g/t Gold in New Zone at Trangie in New South Wales, Australia and Plans Eighty-Three Additional Drill Holes
Globenewswire· 2026-01-19 11:25
Core Insights - Inflection Resources Ltd. has reported a significant discovery of high-grade gold in a new target area within the Trangie district, located approximately 5.5 km south of previously reported mineralization [3][7] - The company is expanding its drilling program in the Trangie area, utilizing air-core drilling, a method proven effective in New South Wales for discovering deposits [3][4] Drilling Updates - Drill hole TRNDH032 returned notable intercepts, including 3.0 meters grading 7.72 g/t Au from 190.0 m to 193.0 m, indicating the presence of high-grade gold [4][10] - A total of 83 air-core drill holes are planned to commence in February, aimed at following up on the recent intercepts and earlier mineralization [7][8] - Recent scout drilling totaled 2,605 meters across six holes in the Trangie, Nyngan, Crooked Creek, and Duck Creek projects [7] Exploration Strategy - The company is systematically exploring for large copper-gold and gold deposits in the northern extension of the Macquarie Arc, which is known for hosting significant deposits [23] - A grid drilling approach is being implemented over an area of approximately 15 km² to map zones of alteration and mineralization [12] Partnership with AngloGold Ashanti - Under the earn-in agreement, AngloGold Ashanti can earn an initial 51% interest in four designated projects by funding AUD$7,000,000 on each project within 36 months [18] - Following Phase II, AngloGold Ashanti may elect to earn an additional 14% interest by funding an additional AUD$20,000,000 on each project within 24 months [19] Technical Details - The drilling program employs air-core drilling, which is a cost-effective method for collecting lithological and geochemical data from the Ordovician basement sequence [13][14] - The company utilizes a combination of mud-rotary and diamond-core drilling techniques to ensure effective exploration [24][26]
Montage Gold continues to rapidly advance its Koné Project with first gold pour expected in late Q4-2026
Globenewswire· 2026-01-19 11:25
Core Insights - Montage Gold Corp. is making rapid construction progress at its Koné project in Côte d'Ivoire, with the first gold pour expected in late Q4-2026 [2][3][6] - The company has committed approximately $545 million, representing 63% of the total upfront capital expenditure, and construction remains on-budget [3][7][28] - Exploration efforts are ongoing, with 115,000 meters drilled in 2025, exceeding the initial budget of 90,000 meters, and a new $16 million drill program launched for 2026 [4][32][31] Construction Progress - Over 7.2 million construction hours have been worked, with key milestones achieved including the erection of all 14 CIL tanks and the delivery of the ball mill shell to the site [3][6][9] - The oxide sizer has been completed approximately four months ahead of schedule, and the hard-rock comminution circuit is on track for completion in Q2-2027 [11][28] - The resettlement village has been completed and is fully occupied, reflecting strong partnerships with local stakeholders [10][24] Exploration Program - The exploration program for 2026 includes 90,000 meters of drilling at the Koné project and 9,000 meters at the newly awarded Wendé advanced greenfield property [4][32][31] - The company expects to publish updated Mineral Resource Estimates in Q1-2026 for several satellite targets, including the Koné and Gbongogo Main deposits [4][31] - The focus of the exploration program is on infill and extension drilling, advancing pre-resource targets, and testing new targets across the project [31][34] Future Outlook - The company aims to consolidate its project pipeline through the acquisition of African Gold, enhancing its exploration capabilities [7][39] - Key upcoming catalysts include the first gold pour in late Q4-2026 and ongoing results from the 2026 exploration program [41][38] - Montage Gold Corp. is positioned to become a premier African gold producer, with a projected mine life of 16 years and annual production of over 300,000 ounces of gold in the first eight years [39]
Cerrado Gold Announces Conclusion of Gold Hedging Program at Its Minera Don Nicolas Mine in Argentina and a Proposed Normal Course Issuer Bid for Its Shares
Globenewswire· 2026-01-19 11:00
Core Viewpoint - Cerrado Gold Inc. has completed its gold hedging program, allowing the company to sell gold at near-spot prices, which is expected to enhance profitability and free cash flow [1][4]. Group 1: Gold Hedging Program - The gold hedging program had a ceiling of $3,250/oz and was concluded with the final shipment on January 15, 2026 [1]. - The company will now sell 100% of its gold production at near-spot prices, improving its financial performance [1][4]. Group 2: Normal Course Issuer Bid (NCIB) - Cerrado has proposed a normal course issuer bid to purchase up to 6,794,790 common shares, representing approximately 5% of the total shares outstanding as of January 16, 2026 [2][3]. - The management believes that the current share price is significantly undervalued compared to the company's asset value [2][3]. Group 3: Financial Strategy and Shareholder Benefits - The use of excess liquidity to buy back shares is expected to be accretive to net asset value per share, benefiting shareholders by increasing their ownership proportion [3]. - The company aims to return capital to shareholders while maintaining a strong cash balance and continuing growth initiatives [4]. Group 4: Company Overview - Cerrado Gold is a Toronto-based gold production, development, and exploration company, owning the Minera Don Nicolás and Las Calandrias mine in Argentina [5]. - The company is also developing the Lagoa Salgada VMS project in Portugal and the Mont Sorcier Iron project in Canada, indicating a diversified portfolio [5][9]. Group 5: Operational Focus - In Argentina, the company is optimizing operations at Minera Don Nicolás and increasing production at the Las Calandrias project [6]. - The Lagoa Salgada project is noted for its high-grade polymetallic potential, with significant exploration opportunities [7][8].
Snowline Gold And First Nation of Na-Cho Nyäk Dun Sign Memorandum of Understanding
Accessnewswire· 2026-01-19 11:00
Core Viewpoint - Snowline Gold Corp. has signed a Memorandum of Understanding (MOU) with the First Nation of Na-Cho Nyäk Dun (FNNND) to establish a governance framework for future mine development on the Rogue Project and ongoing exploration programs in FNNND's Traditional Territory [1][2][3] Group 1: MOU Details - The MOU was signed on January 17, 2026, in Mayo, Yukon, by Scott Berdahl, CEO of Snowline, and Chief Dawna Hope of FNNND [1] - Key aspects of the MOU include the requirement for FNNND's free, prior, and informed consent before mine construction at the Rogue Project [3] - The MOU commits Snowline to comply with the FNNND Mining Policy and to establish a cooperative working relationship with FNNND [3][4] Group 2: Statements from Leadership - Scott Berdahl expressed gratitude for the partnership, emphasizing shared values, environmental stewardship, and economic opportunities [2] - Chief Dawna Hope highlighted the importance of sustainable development that respects FNNND's rights and ways of living, indicating that the community is not opposed to mining but seeks respectful collaboration [2] - The FNNND Council stated that the MOU marks a significant step towards upholding First Nations' governance rights and fostering mutually beneficial mining activities [2][3] Group 3: Company Background - Snowline Gold Corp. is focused on gold exploration and development in the Yukon Territory, particularly advancing its Valley gold deposit located on the Rogue Project [6] - A recent Preliminary Economic Assessment (PEA) indicates the Valley deposit's potential to support a long-life mining operation with a strong production profile and low costs [6]
K2 Gold to Commence Drilling at Si2, Targeting Preserved Epithermal Gold System
TMX Newsfile· 2026-01-19 11:00
Vancouver, British Columbia--(Newsfile Corp. - January 19, 2026) - K2 Gold Corporation (TSXV: KTO) (OTCQB: KTGDF) (FSE: 23K) ("K2" or the "Company") today announced its plan to commence drilling at the Company's Si2 Project, located near Tonopah, Nevada, on or about January 21, 2026.The drill program will test a series of high-priority structural and geochemical targets generated through comprehensive geological studies completed in 2025, along with recently acquired geophysical information, including flui ...
American Lithium acquires 19% stake in Cunningham Mining
Yahoo Finance· 2026-01-19 10:22
Acquisition Details - American Lithium Minerals (AMLM) has acquired a 19% stake in Cunningham Mining, which owns the Nugget Trap Placer Claims in the Golden Triangle region of British Columbia, Canada [1] - The property spans 573.7 acres and includes permits for a 30,000-cubic yard annual mining program authorized by the British Columbia Ministry of Mines [1] Resource Potential - Recent independent assays have shown an average gold content of more than 25.54 grams per cubic meter of pay, alongside significant silver quantities [2] - Seabridge Gold's KSM Project, located near Cunningham Mining's claims, has estimated proven and probable reserves of 38.8 million ounces of gold and 10.2 billion pounds of copper, representing one of the largest undeveloped gold deposits globally [2] Management Changes - Ryan Cunningham has been announced as president and CEO of American Mineral Resources, a subsidiary of American Lithium Minerals, bringing significant experience in mining operations, land development, and resource management [3] Other Projects - American Lithium Minerals is involved in various projects, including La Grande Plata in Chile for silver extraction and Furano, a copper-gold project also in Chile [4] - The company is progressing its Sarcobatus Lithium property in central Nevada and actively seeking additional exploration and acquisition opportunities to expand its mineral holdings worldwide [4] Portfolio Expansion - In December 2025, American Lithium Minerals secured exclusive option rights to three key mineral properties in Quebec, broadening its portfolio focused on critical and precious metals [5] - The assets involved include the Piscau-North polymetallic project, the QC rare earth elements project, and the Couture project [5]