How Mine Expansion to 55,000 Tonnes Per Month Targeting H2 2026 Operational DateEnabling Works Commenced at Redwing; 8-Month Dewatering Program to BeginCompany Outlines $300-400 Million Capital Plan with Non-Dilutive Funding StrategyManagement to Host Business Update Conference Call at 8:00 a.m. Eastern Time NEW YORK, Nov. 24, 2025 (GLOBE NEWSWIRE) -- Namib Minerals (“Namib Minerals” or “the Company”), (Nasdaq: NAMM), an established African gold producer with a portfolio of mining and exploration assets in ...

Core Viewpoint - Fury Gold Mines Limited has announced positive assay results from its inaugural drill campaign at the Sakami gold project, indicating significant gold mineralization and potential for future resource estimation [1][4]. Drilling Results - The 2025 diamond drill program completed 3,685 meters in seven holes, with six holes targeting extensions at La Pointe Extension and one hole at Juliette [1][9]. - Drill hole 25SK-005 intercepted 26.0 meters of 0.71 grams per tonne (g/t) gold, including 6.5 meters of 1.76 g/t gold [2][7]. - Drill hole 25SK-007 intercepted 22.2 meters of 0.83 g/t gold, including 2.9 meters of 1.71 g/t gold and 1 meter of 8.62 g/t gold [7]. Geological Insights - Drilling confirmed that mineralization at La Pointe Extension is open at depth and along strike to the west, improving continuity within previously identified gold mineralization [3][11]. - The mineralization occurs along a regional scale suture zone with numerous undrilled gold occurrences along 23.5 kilometers of strike within the Sakami property [7][8]. Future Exploration Potential - The drilling program has laid a foundation for future work, including potential mineral resource estimation [4][11]. - Regional soil sampling identified six structurally controlled gold anomalies for potential follow-up work, indicating further exploration opportunities [12]. Project Overview - The Sakami project covers approximately 14,250 hectares and is located in a prospective structural corridor between the Opinaca and La Grande Geological sub-provinces [8]. - Historical drilling has shown gold mineralization across widths of up to 75 meters and depths of up to 500 meters below the surface [9].

Core Viewpoint - Heliostar Metals Ltd. is advancing its drilling program at the Ana Paula project in Guerrero, Mexico, aiming to convert inferred resources to higher confidence classifications and support an ongoing Feasibility Study [2][3]. Drilling Program - The company has completed 44 drill holes totaling 12,615 meters, with a focus on defining the High Grade Panel's east-west orientation [4]. - A change in drilling direction by approximately 90 degrees from historic intercepts has led to the discovery of more continuous and higher-grade gold mineralization [4]. Drill Results Summary - Significant drill results include: - Hole AP-25-334: 92.05 meters grading 4.33 grams per tonne (g/t) gold [6]. - Hole AP-25-336: intervals of 3.2 meters at 15.58 g/t, 65.15 meters at 5.39 g/t, and 43.55 meters at 4.66 g/t gold, with a notable 3.05 meters at 24.64 g/t gold [6]. - Hole AP-25-333: 83.2 meters grading 17.35 g/t gold, including 46.65 meters at 27.35 g/t gold [7]. Future Plans - The drilling program will be expanded by 33% to a total of 20,000 meters to allow for more infill and exploration drilling at Ana Paula [3]. - Additional studies, including a Prefeasibility Study for Cerro del Gallo, are planned for the current quarter [3]. Quality Assurance - Drill core samples are sent for analysis to certified laboratories, ensuring quality control through systematic insertion of control samples [18][19].

Scorpio Gold Drills 24.67 Metres Grading 1.85 g/t Gold, from 98.76 Metres, in New Zone of Mineralization at the Manhattan District, NevadaNovember 24, 2025 6:00 AM EST | Source: Scorpio Gold CorpHighlightsHole 26MN-026 returned 1.85 g/t gold over 24.67 metres from 98.76 mHole 25MN-021 returned 1.52 g/t gold over 18.14 metres from 176.78 mHole 25MN-020 returned 0.94 g/t gold over 36.97 metres from 162.95 mHole 25MN-022 returned 21.82 g/t gold over 3.23 metres from 168.86 m incl. 0.43 m grading ...

Core Insights - Westhaven Gold Corp. has successfully completed an upsized summer drilling program at its 100%-owned Shovelnose Gold Project, confirming the resource model and validating a new exploration model for potential gold mineralization [1][3][6]. Drilling Program Overview - The 2025 summer drilling program consisted of 13 drill holes totaling 6,202 meters, which is more than double the initially planned 3,000 meters [4][6]. - Drilling focused on structural and geochemical targets, confirming significant structural offsets and the presence of epithermal mineralization [3][6]. Resource Confirmation - Drill holes SN25-432 and SN25-442 confirmed the resource model by intersecting expected intervals of epithermal mineralization, including notable grades of gold and silver [7][8]. - The South Zone resource model has been validated, indicating strong potential for additional epithermal gold systems [6][14]. Economic Assessment - The March 2025 Preliminary Economic Assessment (PEA) outlines an 11-year underground mining opportunity with an after-tax NPV of CAD$454 million and an IRR of 43.2% at a gold price of US$2,400 per ounce [6][19]. - Initial capital costs are projected at CAD$184 million, with a payback period of 2.1 years [19]. Strategic Location - The Shovelnose project is strategically located 2.5 hours from Vancouver, providing direct road and power access, which significantly reduces exploration and development costs compared to more remote projects [6][19]. Exploration Potential - The exploration program has identified a 100 km strike extent of the Spences Bridge Gold Belt, with over 1,800 geochemical samples collected, indicating substantial regional exploration potential [6][19]. - The company aims to continue systematic exploration drilling to unlock new discoveries and prepare for integrated engineering and environmental studies for project development [14][19]. Technical Leadership - Westhaven's technical team has been strengthened with new appointments, including CEO Ken Armstrong and other key positions, bringing world-class expertise to the exploration and development strategy [6][19].

Core Insights - Trident Resources Corp. has announced significant updates to its Mineral Resource Estimates for its gold deposits, showing an 18% increase in Indicated gold ounces and a 190% increase in Inferred gold ounces compared to previous estimates [1][5][30] Mineral Resource Estimates - The updated Indicated gold ounces total 896,500, while Inferred gold ounces total 1,129,600 across four deposits: Preview SW, Preview North, North Lake, and Greywacke [1][5] - The effective date of the updated Mineral Resource Estimate is November 6, 2025 [1][9] - The estimates reflect a higher gold price assumption of US$2,600 per ounce, compared to previous estimates which were based on US$1,500 to US$1,700 per ounce [5][9] CEO Commentary - The CEO emphasized the company's vision to create a significant gold exploration entity in Saskatchewan, highlighting the updated estimates as a confirmation of the quality and potential of the deposits [3][30] - The company is positioned for further growth with strong funding and an ambitious exploration program planned [3][30] Exploration Potential - Trident is actively exploring the Contact Lake project, which was a former producing gold mine, and recent drilling results suggest the presence of a robust gold-mineralized system [3][5] - The company aims to expand its resource totals through ongoing exploration efforts [3][5] Detailed Resource Breakdown - The Indicated resources for each deposit are as follows: - North Lake: 469,700 ounces at 0.890 g/t - Preview SW: 314,700 ounces at 1.537 g/t - Preview North: 40,800 ounces at 1.359 g/t - Greywacke: 71,400 ounces at 2.174 g/t [6][12][14] - The Inferred resources for each deposit are as follows: - North Lake: 481,300 ounces at 0.724 g/t - Preview SW: 531,900 ounces at 1.115 g/t - Preview North: 7,400 ounces at 0.628 g/t - Greywacke: 109,100 ounces at 1.242 g/t [6][12][14] Company Overview - Trident Resources Corp. is a Canadian public mineral exploration company focused on gold and copper projects in Saskatchewan [30]

Core Insights - The article highlights significant mineralization at Valley, with notable drill results including V-25-139 reporting 534.5 m at 0.62 g/t Au, which includes a higher grade interval of 42.5 m at 2.10 g/t Au [1] - A new Eastern zone has been identified at Valley, located approximately 500 m northeast of the current Mineral Resource Estimate (MRE) boundary, indicating potential for resource expansion [1] - Initial drill results from multiple regional targets have shown promising gold intersections, with the longest mineralized interval recorded at the Gracie target, located 4 km east of Valley [1] - Additional results are pending from over 13,700 m of drilling across Valley and five other regional targets: Aurelius, Charlotte, Cujo, Gracie, and Ramsey [1]

Core Insights - Lake Victoria Gold Ltd. (LVG) provided an update on Q3 2025 exploration activities conducted on licenses sold to Bulyanhulu Gold Mine Limited, a joint venture between Barrick Mining Corporation and the Government of Tanzania [1][2] Exploration Activities - Bulyanhulu advanced its exploration program to refine geological models and evaluate the potential for discovering new mineralized systems within the Tembo Inlier portfolio [2] - Key activities included the completion of a GAIP geophysical survey and the initiation of aircore drilling [3] Financial Overview - As of September 30, 2025, cumulative project expenditures reached US$6,659,397 out of a proposed US$9,000,000 under the Asset Purchase Agreement (APA) [4] Drilling Progress - Bulyanhulu completed 94 line-km of GAIP surveying, with results being integrated into updated structural interpretations [5] - A geochemical aircore drilling program commenced at the Enze target, with 19 holes totaling 419m completed out of a planned 945-hole, 30,750m program [5] - Planning for diamond and RC drilling along the Itetemia trend is underway, focusing on identifying potential repetitions of the Reef 1 and Reef 2 horizons [5] Strategic Context - Under the APA, LVG may receive up to US$45 million in contingent payments from Barrick, contingent on future discoveries or resource thresholds on the licenses [6] Management Insights - Management expressed confidence in the systematic approach taken by Barrick to unlock the Tembo geology, highlighting the potential for significant discoveries [7] - The ongoing progress at Tembo is seen as reinforcing the long-term potential of this strategic asset [7] Future Plans - Bulyanhulu plans to continue aircore drilling through Q4 2025, with diamond and RC drilling programs expected to be completed in the same quarter [10]

Core Insights - Grande Portage Resources Ltd. has received survey data from an aerial LiDAR scan at the New Amalga Gold property in Southeast Alaska, which is essential for advancing engineering and environmental work at the project [1] Company Developments - The aerial LiDAR scan represents a critical input for the ongoing development of the New Amalga Gold property, indicating progress in the company's project pipeline [1] - The company is focused on enhancing its engineering and environmental assessments, which are vital for the project's advancement [1] Industry Context - The use of aerial LiDAR technology in mining projects is becoming increasingly important for accurate data collection and analysis, reflecting a trend towards more advanced surveying methods in the industry [1] - The New Amalga Gold property is located in Southeast Alaska, an area known for its mineral potential, which may attract further interest from investors and stakeholders [1]

Group 1 - International Tower Hill Mines Ltd. (THM) is a Canadian development stage miner with a significant asset, the Livengood Gold Project [1] - The company currently has no revenues and is years away from commercialization, meaning investors do not have any cash flows to reward them [1]