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Scottie Resources Drills 16.1 g/t Gold over 4.6 Metres at Fifi Zone and Discovers New Vein at Bend, Scottie Gold Mine Project, BC
TMX Newsfile· 2026-01-15 12:30
Vancouver, British Columbia--(Newsfile Corp. - January 15, 2026) - Scottie Resources Corp. (TSXV: SCOT) (OTCQB: SCTSF) (FSE: SR80) ("Scottie" or the "Company") is pleased to report new assays from its 2025 drilling of the Road and Blueberry Contact Zone within the Scottie Gold Mine Project ("Scottie Gold Mine" or the "Project"). The road-accessible Scottie Gold Mine Project, which includes the 100%-owned past-producing Scottie Gold Mine and the adjacent Blueberry Contact Zone, is located 35 kilometres nort ...
Au Gold Corp Enters Agreement to Acquire Havelock Gold-Antimony Project in the Heart of the Victorian Gold Fields, Australia
Thenewswire· 2026-01-15 12:30
Core Viewpoint - Au Gold Corp has entered into an agreement to acquire a 100% interest in the Havelock Gold-Antimony Project, which is located in the Victorian gold fields of Australia, highlighting the potential for high-grade gold deposits in the region [1][4]. Acquisition Details - The company will pay C$75,000 and issue 5 million shares for the acquisition, along with future per ounce payments for resource definition [4][17]. - The acquisition is subject to acceptance by the TSX Venture Exchange [4]. Project Highlights - The Havelock Project spans 11,663 hectares and is situated between Bendigo and Ballarat, with good access for year-round exploration [4][5]. - Historical mining in the area has shown high-grade gold-bearing quartz reefs, with significant antimony presence, indicating potential for modern exploration [2][3]. Historical Context - The first discovery in the Maryborough goldfield occurred in 1853, leading to small-scale hard rock mining, with historical workings showing gold grades between 1 to 10 ounces per ton [5][7]. - The Shaw-McFarlane Trend has approximately 9 km of historic workings with minimal modern exploration [5][12]. Exploration Potential - Recent discoveries in nearby projects have underscored the potential of Victoria's epizonal gold-antimony deposits, with plans for exploration at Havelock focusing on high-priority targets [2][3]. - The company aims to commence exploration quickly post-acquisition, with a National Instrument 43-101 Technical Report being prepared [20][21]. Technical Information - Previous drilling by Leviathan in 2021 returned significant gold results, justifying further exploration efforts [11]. - The project area has a history of coarse alluvial gold and excellent access for exploration activities [7][12].
Midland Commences Drilling on Its Jouvex Gold Project Northwest of the Douay Deposit in Abitibi
Globenewswire· 2026-01-15 12:30
Core Viewpoint - Midland Exploration Inc. has initiated a 1,600-meter diamond drilling program on its Jouvex gold property, aiming to explore new gold potential in an area previously overlooked [3][4]. Group 1: Drilling Program Details - The diamond drilling program is set to begin in January 2026, consisting of five drill holes targeting magnetic anomalies and induced polarization (IP) anomalies [5]. - Historical drill hole JOU-1-84 showed promising alteration patterns, indicating favorable conditions for gold mineralization [5]. - The main target for the drilling is a strongly positive magnetic anomaly associated with a chargeability zone, which may suggest the presence of disseminated sulphides [5]. Group 2: Exploration Background - Exploration activities on the Jouvex property resumed in 2024-2025, including drone-supported magnetic surveys and an IP survey totaling 30 line kilometers [4]. - The southern part of the Jouvex property has been identified as the main area for current exploration efforts, with geological modifications indicating potential for VMS mineralization [6]. - The magnetic surveys suggest that major structures in the southern part of the project could be favorable sites for syenitic intrusions, similar to those found in the Douay area [6]. Group 3: Company Overview - Midland Exploration targets the mineral potential of Quebec, focusing on discovering new world-class deposits of gold and critical metals [7]. - The company collaborates with reputable partners, including Rio Tinto Exploration Canada Inc. and BHP Canada Inc., to enhance its exploration efforts [7]. - Midland is actively reviewing additional opportunities to expand its portfolio and generate shareholder value [9].
One Bullion Limited Provides Gold Market Update and Portfolio Progress
Globenewswire· 2026-01-15 12:30
Core Insights - One Bullion Ltd. is advancing its gold exploration projects in Botswana, focusing on the Kraaipan and Vumba Greenstone Belts, which show significant potential for gold production [1][4][17] - The company has reported strong initial exploration results, confirming a continuous gold system with expansion potential [1][10] Industry Overview - Gold prices have reached all-time highs, exceeding $4,600 per ounce, driven by safe-haven demand amid geopolitical and macroeconomic uncertainties [2] - Central bank buying and concerns over currency debasement continue to support gold as a resilient investment asset [3][4] Company Developments - One Bullion controls approximately 65 kilometers of strike along the Kraaipan Greenstone Belt, which includes the Kalgold Mine with proven reserves of 610,864 ounces of gold [5][6] - The company has identified 26 high-sulphide priority targets through an extensive Induced Polarization survey, indicating strong potential for systematic follow-up [7] - The Vumba Greenstone Belt has shown evidence of a large, structurally controlled gold system, with extensive exploration work confirming its mineralization potential [9][10] - The Maitengwe Greenstone Belt is emerging as a new discovery opportunity, with initial sampling returning gold values up to 4.7 g/t [11] Future Plans - One Bullion plans to conduct a detailed magnetic survey and additional drilling in 2026 to further delineate mineralized zones and test undrilled targets [10][12] - The company is focused on disciplined execution and capital efficiency, with multiple projects advancing toward drill-ready status [12]
Golconda Gold Releases Galaxy FY 2025 Production Update
Globenewswire· 2026-01-15 12:30
Core Viewpoint - Golconda Gold Ltd. reported a significant increase in gold production for FY 2025, achieving 13,020 ounces, which represents a 69% increase compared to FY 2024 [1][7]. Mining Performance - The company mined a total of 135,428 tonnes of ore in FY 2025, with an average grade of 3.46 g/t, compared to 87,695 tonnes at 3.18 g/t in FY 2024, marking a 54% increase in ore tonnes mined year on year at a 9% higher grade [6]. - The Princeton Top mining area was established in Q2 2025, contributing 16,477 tonnes of ore at a grade of 3.03 g/t during FY 2025 [6]. - The mining fleet was expanded with the addition of one new drill rig, three LHDs, and two dump trucks during FY 2025 [6]. Processing Performance - Golconda Gold produced 11,289 tonnes of concentrate at an average grade of 35.9 g/t, containing 13,020 ounces of gold in FY 2025, compared to 6,661 tonnes at 36.0 g/t containing 7,712 ounces in FY 2024, reflecting a 69% increase in gold production year on year [6]. - The company reported provisional gold sales of 10,143 ounces of payable gold at an average realized price of $3,458 per ounce in FY 2025, compared to 6,049 ounces at an average price of $2,394 per ounce in FY 2024, indicating a 68% increase in gold sold at a 44% higher realized gold price [6]. Management Commentary - The CEO of Golconda Gold highlighted that 2025 was a transformational year, with significant investments in mining equipment and the re-establishment of historic mining areas leading to increased production [7].
Nations Royalty Announces Bought Deal LIFE Private Placement for Gross Proceeds of C$10 Million
Accessnewswire· 2026-01-15 12:15
Core Viewpoint - Nations Royalty Corp. has announced a private placement offering to raise gross proceeds of C$10,000,000 by selling 6,250,000 units at C$1.60 per unit, with an option for underwriters to purchase an additional 1,250,000 units [1][3]. Group 1: Offering Details - Each unit consists of one common share and one-half of a common share purchase warrant, with the whole warrant allowing the purchase of one common share at C$2.25 within 36 months after the closing date [2]. - The offering is scheduled to close on January 30, 2026, subject to regulatory approvals, and the company will pay a 6.0% cash commission on the gross proceeds to the underwriters [7]. - The underwriters have the option to purchase up to an additional 1,250,000 units for gross proceeds of up to C$2,000,000 [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be used for acquisitions of royalties, income and commodity streams, annual benefit payments, and working capital purposes [4]. Group 3: Regulatory Compliance - The units will be offered to purchasers in all provinces of Canada except Québec, and will also be available in the United States and other jurisdictions under applicable laws [5][8]. Group 4: Company Vision and Mission - Nations Royalty aims to unite First Nations and Indigenous groups across Canada, inviting external investors to participate as shareholders, focusing on economic reconciliation and capacity building for Indigenous Peoples in public companies and capital markets [9]. - The company has established five annual benefit payment entitlements related to various properties in Canada [10][12].
Omai Gold Drills High-Grade Zones at Wenot: 11.48 g/t Au over 10.2m, 23.79 g/t Au over 3.8m and 4.79 g/t Au over 14.5m
TMX Newsfile· 2026-01-15 12:01
Core Insights - Omai Gold Mines Corp. announced positive assay results from eight additional drill holes at its 100% owned Omai Gold Project in Guyana, highlighting significant gold mineralization, particularly in hole 25ODD-150 which intersected 11.48 g/t Au over 10.2m [1][4][21] - The 2025 drilling program included a total of 79 diamond drill holes totaling 35,300 meters, with ongoing drilling aimed at expanding resources and updating the Mineral Resource Estimate (MRE) [2][21] Drilling Results - Hole 25ODD-150 reported multiple high-grade intersections, including 28.54 g/t Au over 4.0m and 10.65 g/t Au over 9.0m, indicating strong mineralization in the volcanic sequence [4][8] - Other notable results include hole 25ODD-145 which intersected 4.79 g/t Au over 14.5m and hole 25ODD-149 with 2.28 g/t Au over 19.7m, showcasing the continuity of gold zones [3][5][7] Future Plans - The company plans to continue drilling at Wenot to further explore high-grade zones and upgrade the large Inferred MRE to Indicated status, with an updated MRE expected in Q1 2026 [2][21] - Additional drilling will focus on known gold occurrences for potential near-surface higher-grade satellite deposits, with a new PEA planned for H1 2026 [21] Resource Estimates - The August 2025 MRE indicated a 96% increase in the Wenot Gold Deposit to 970,000 ounces of gold (Indicated) averaging 1.46 g/t Au, with a total global MRE of 2,121,000 ounces of gold (Indicated) averaging 2.07 g/t Au [21][22]
Amex Advances Bulk Sample and Phase 1 Feasibility Study
TMX Newsfile· 2026-01-15 12:00
Montreal, Quebec--(Newsfile Corp. - January 15, 2026) - Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) ("Amex" or the "Company") is pleased to provide an update on the advancement of its planned bulk sample program and the Phase 1 Feasibility Study ("FS") for its direct shipping ore ("DSO") development strategy.Bulk SampleIn September 2025, Amex submitted the permit application for the bulk sample program. Subject to permitting and regulatory approvals, the Company is targeting the commencemen ...
Kinross proceeds with construction of Phase X, Curlew and Redbird 2
Globenewswire· 2026-01-15 11:45
Core Viewpoint - Kinross Gold Corporation is advancing the construction of three organic growth projects, which are expected to significantly enhance production, extend mine life, and improve long-term cost efficiency within its U.S. portfolio, contributing a total of 3 million ounces of life-of-mine production [1][7]. Group 1: Project Overview - The three projects include Round Mountain Phase X, Bald Mountain Redbird 2, and Kettle River-Curlew, all of which are anticipated to extend mine life and enhance production capabilities [1][7]. - The projects are expected to maintain a production profile of 2 million gold equivalent ounces per year, with specific contributions of 400,000 ounces per year from 2029 to 2031 and a total of 3 million ounces from 2028 to 2038 [5][7]. Group 2: Financial Highlights - The combined internal rate of return (IRR) for the projects is projected at 55%, with a cumulative post-tax net present value (NPV) exceeding $4.1 billion at a gold price of $4,300 per ounce [5][7]. - Capital expenditures for the projects are forecasted at approximately $425 million in 2026, with total attributable capital expenditures for the global portfolio expected to be around $1.5 billion [5][63]. Group 3: Round Mountain Phase X Details - The Phase X project is expected to produce approximately 1.4 million gold equivalent ounces over an initial 11-year mine life, extending production at Round Mountain until 2038, with an average annual production of about 140,000 ounces from 2029 to 2037 [13][15]. - The project will have an all-in sustaining cost (AISC) of $1,680 per gold equivalent ounce, which is expected to lower the cost profile at Round Mountain [13][15]. Group 4: Kettle River-Curlew Highlights - The Curlew project is projected to produce approximately 940,000 ounces over an initial 11-year mine life, averaging about 100,000 ounces per year for the first five years [34][39]. - The average mining grade is expected to be 5.8 g/t, with an AISC of $1,726 per ounce over the life of the mine [34][39]. Group 5: Bald Mountain Redbird 2 Highlights - The Redbird 2 project is expected to yield approximately 640,000 ounces, with first production anticipated in 2028 and an average production of about 155,000 ounces per year from 2028 to 2031 [49][51]. - The project will have an AISC of $1,466 per ounce, benefiting from existing infrastructure and economies of scale [51][53]. Group 6: Exploration and Upside Potential - There is significant potential for resource extensions and further exploration at all three projects, with existing intercepts indicating higher grades and improved mineability [29][45]. - The company is focused on leveraging its existing infrastructure and historical production capabilities to maximize the potential of these projects [33][39].
Minera Alamos Reports Fourth Quarter Gold Production of 9,165 Ounces from the Pan Operating Complex; Cash Balance Increased to US$34 Million
TMX Newsfile· 2026-01-15 11:30
Core Insights - Minera Alamos Inc. reported strong preliminary operational results for Q4 2025, marking its first quarter as a gold producer following the acquisition of the Pan Operating Complex [2][3] - The company produced 9,165 ounces of gold in Q4 2025, exceeding its forecast of 8,500-9,000 ounces, and achieved a full-year production of 35,303 ounces, meeting its annual guidance of 30,000-40,000 ounces [3][7] - The all-in sustaining cost (AISC) for Q4 2025 was reported at US$1,604 per ounce, with preliminary cash costs at US$1,549 per ounce [3][7] - The company's unrestricted cash balance increased to US$34 million as of December 31, 2025, positioning it well for future growth [4][7] Production and Financial Performance - The Pan mine produced 9,165 ounces of gold in Q4 2025 and sold 8,492 ounces, with the remaining 673 ounces sold at the beginning of 2026 [3][7] - The company ended the year with a record cash balance of US$34 million, reflecting strong operational performance and cost discipline [3][4] - Full-year gold production of 35,303 ounces was achieved, aligning with the company's annual guidance [3][7] Strategic Positioning - Minera Alamos aims to become a leading intermediate gold producer focused on the Americas by leveraging the Pan mine as a cash flow engine and developing a pipeline of high-quality, low-capital projects [3][11] - The company is positioned to expand its gold resources across its portfolio, which includes several projects in North America [11]