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Tocvan Announces Commencement Of Field Work And Airborne Magnetics Survey At Gran Pilar Gold Silver Project; Drilling And Trenching Prep Accelerate Discovery & Pilot Mine Production
Accessnewswire· 2025-09-16 06:05
Core Insights - Tocvan Ventures Corp. has initiated field work and an airborne magnetics survey at its Gran Pilar Gold Silver Project, indicating progress in exploration and pilot mine programs [1] - The company is preparing for upcoming drilling and trenching activities, which are set to begin shortly [1] Company Overview - Tocvan Ventures Corp. is focused on gold and silver projects in Sonora, Mexico, positioning itself as a leading exploration and development company in the sector [1]
Plato Gold Announces Results of Drill Program at Lolita Project, Santa Cruz, Argentina
Globenewswire· 2025-09-12 11:30
Core Viewpoint - Plato Gold Corp. has announced the results of its drilling program at the Lolita Project in Santa Cruz, Argentina, revealing non-economic gold and silver values but significant anomalous pathfinder elements [1][4][11]. Drilling Program Summary - Drilling commenced in May and concluded by mid-June, totaling 1,585 meters across 12 holes, with lengths ranging from 74 to 242 meters [2]. - The program was completed within the projected budget [2]. Sample Results - Results from 299 samples, including quality control samples, have been reviewed and passed by the Qualified Person [3]. - Maximum values recorded in drill core include 15 parts per billion of gold and 5.8 parts per million of silver, with arsenic at 1,059 ppm, antimony at 230 ppm, mercury at 15 ppm, and sulfur at 1.7 percent [4]. Geological Findings - Drill holes at Panza and Corazon intersected silica veinlets and hydrothermal breccias within a specific stratigraphic unit of competent, felsic volcanic rock, possibly an ignimbrite [4]. - Anomalous mineralization appears to be stratigraphically controlled rather than influenced by steep structures, with significant volumes of alteration and mineralization lacking precious metals [6][7]. Anomalous Element Values - Selected anomalous pathfinder element values include: - Panza LO-25-003: 25.35 m interval with 395 ppm arsenic and 0.69% sulfur [8] - Panza LO-25-009: 37.90 m interval with 308 ppm arsenic and 0.66% sulfur [8] - Corazon LO-25-011: 37.30 m interval with 166 ppm arsenic and 0.42% sulfur [8] - Corazon LO-25-012: 45.00 m interval with 237 ppm arsenic and 0.64% sulfur [8] Future Considerations - The geological occurrence of these mineralization zones is atypical for the Deseado Massif, and the significance of these findings will be further studied by the company [11].
Plato Gold Announces Results of Drill Program at Lolita Project, Santa Cruz, Argentina
Globenewswire· 2025-09-12 11:30
Core Viewpoint - Plato Gold Corp. has announced the results of its drilling program at the Lolita Project in Santa Cruz, Argentina, revealing non-economic gold and silver values but significant anomalous pathfinder elements. Drilling Program Summary - Drilling commenced in May and was completed by mid-June, totaling 1,585 meters drilled across 12 holes, with lengths ranging from 74 to 242 meters [2] - The program was completed within the projected budget [2] Sample Results - Results from 299 samples, including quality control samples, have been reviewed and passed by the Qualified Person [3] - Maximum values recorded in drill core include 15 parts per billion of gold and 5.8 parts per million of silver, with arsenic at 1,059 ppm, antimony at 230 ppm, mercury at 15 ppm, and sulfur at 1.7 percent [4] Geological Findings - Drill holes at Panza and Corazon intersected silica veinlets and hydrothermal breccias within a specific stratigraphic unit of competent, felsic volcanic rock [4] - Anomalous mineralization appears to be stratigraphically controlled rather than by steep structures, with significant volumes of alteration and mineralization lacking precious metals [6][7] Anomalous Element Values - Selected anomalous pathfinder element values include: - Panza LO-25-003: 25.35m interval with 395 ppm arsenic and 0.69% sulfur [9] - Panza LO-25-009: 37.90m interval with 308 ppm arsenic and 0.66% sulfur [9] - Corazon LO-25-011: 37.30m interval with 166 ppm arsenic and 0.42% sulfur [9] - Corazon LO-25-012: 45.00m interval with 237 ppm arsenic and 0.64% sulfur [9] Future Considerations - The geological occurrence of mineralization zones with anomalous pathfinder elements is atypical for the Deseado Massif, and the significance of these findings will be further studied by the company [12]
Arizona Gold & Silver Announces Closing Of Oversubscribed Non-Brokered Private Placement
Thenewswire· 2025-09-12 11:00
Core Points - Arizona Gold & Silver Inc. has successfully closed a non-brokered private placement, raising total gross proceeds of CDN$1,999,924.80 by issuing 6,666,416 units at a price of $0.30 per unit [1][3] - Each unit consists of one common share and one transferable common share purchase warrant, with each warrant exercisable at a price of $0.40 per share for three years [2] - The proceeds from the private placement will be utilized for further exploration of the Philadelphia Property in Mohave County and for general working capital purposes [3] Financial Details - The company paid finder's fees totaling $26,451 in cash, along with 266,667 shares and 26,667 common share purchase warrants, each warrant allowing the holder to acquire one common share at $0.40 for three years [4] - All securities issued are subject to a four-month hold period [5] Regulatory Information - The private placement and finder's fees are subject to the approval of regulatory authorities [4] - The securities have not been registered under the United States Securities Act of 1933 and cannot be offered or sold within the United States without registration or an applicable exemption [7][8]
Hycroft completes $60m private placement for mine development
Yahoo Finance· 2025-09-12 09:43
Core Viewpoint - Hycroft Mining has successfully closed a $60 million non-brokered private placement aimed at mine development, led by investor Eric Sprott [1][4]. Funding and Use of Proceeds - The funds raised will be allocated for the development of the Hycroft gold-silver mine and for the company's working capital, including general corporate activities [2]. - The private placement consisted of over 14 million units priced at $4.2805 each, with each unit comprising one common share and a one-half common warrant [1]. Mine Infrastructure and Operations - The Hycroft mine, located in Nevada's Sulfur Mining District, is equipped for both heap leach and milling operations and has significant existing infrastructure [2]. - The project includes facilities for three-stage crushing, leach pads, and Merrill Crowe plants, along with a refinery [3]. Ownership and Investment Details - Following the placement, Eric Sprott acquired 9,344,704 units, resulting in approximately 33% ownership of Hycroft Mining's common shares and 10,188,176 warrants [4]. - Tribeca Global Natural Resources holds an approximate 8% stake after purchasing 4,438,734 units, while other investors contributed $1 million by acquiring 233,618 units [4]. Financial Position - After the completion of the private placement, Hycroft Mining's unrestricted cash reserves are approximately $129 million [3].
T2 Metals Secures Option to Acquire Shanghai Gold-Silver Project in Yukon's Tombstone Gold Belt and Appoints Shawn Ryan to Advisory Board
Newsfile· 2025-09-10 12:00
Core Viewpoint - T2 Metals Corp has secured an option to acquire the Shanghai gold-silver project in Yukon's Tombstone Gold Belt, a region known for its rich mineral potential and proximity to advanced mining projects [1][4]. Company Summary - T2 Metals Corp signed an Option Agreement to earn a 100% interest in the 27.4 sq km Shanghai project located in the Mayo Mining District, Yukon Territory [1]. - The project is strategically positioned 12 km west of Hecla Mining's Keno Hill silver mine and near several resource-stage gold projects [1][6]. - The company aims to enhance its portfolio by acquiring high-potential gold projects, with the Shanghai project being held by renowned explorer Shawn Ryan for over 20 years [5][6]. - T2 Metals plans to conduct additional surface sampling and local geophysics, followed by drilling in 2026 [13]. Industry Summary - The Tombstone Gold Belt is recognized as one of North America's most active and gold-rich mining districts, with significant exploration activity from various companies [4][28]. - Recent exploration efforts in the region have indicated the potential for major new gold discoveries, with T2 Metals joining the search supported by Shawn Ryan, a successful explorer in the Yukon [6][20]. - The geological setting of the Shanghai project is similar to major discoveries in the area, which enhances its exploration potential [7][9]. - The project has a Class 3 permit that allows for drilling, road construction, and camp installation, facilitating immediate exploration activities [2][13]. Financial Terms - T2 Metals will acquire the Shanghai project for a total consideration of $500,000 in cash and 3,000,000 common shares, with payments made over a seven-year period [14]. - The company is required to incur a minimum of $1,800,000 in exploration expenditures over six years, including an initial $100,000 by November 15, 2026 [18].
Aya Gold & Silver (OTCPK:AYAS.F) 2025 Conference Transcript
2025-09-09 22:30
Summary of Aya Gold & Silver Conference Call Company Overview - **Company**: Aya Gold & Silver (OTCPK:AYAS.F) - **Focus**: Solely focused on mining operations in Morocco, recognized as one of the best jurisdictions for mining globally [2][6] Key Points and Arguments - **Market Position**: Aya Gold & Silver is one of the few companies operating in Morocco, with expectations of rapid changes in the market due to positive results from ongoing operations [2][4] - **Production Capacity**: Currently producing approximately 500,000 ounces of silver per month, with a projected run rate of 6,000,000 ounces for the next year [7] - **Financial Health**: The company has about 140 million shares outstanding and approximately $260 million in cash on the balance sheet, with expectations of significant cash flow generation in the coming quarters [10][19] - **Debt Management**: The company has $100 million in project debt, which is manageable and expected to be financed through cash flow [11] - **Exploration Potential**: The company owns a 1,500-kilometer belt with significant exploration potential, including the flagship Zugander project and the Boumediene project, which is expected to generate substantial cash flow [23][24] Future Outlook - **Growth Projections**: Boumediene is projected to generate $150 million in cash flow annually for the next ten years, with potential net profits of $500 million to $600 million per year in the next four years [24] - **Production Transition**: The company is transitioning from being a primary silver producer to incorporating gold production, with Boumediene expected to be 70% gold [15] - **Cost Structure**: Anticipated all-in sustaining cash costs are projected to be between $13 and $15 per ounce, providing a significant margin at current silver prices [18] Additional Insights - **Regulatory Environment**: The permitting process in Morocco is efficient, allowing for quick approvals, which is advantageous for the company's operations [6] - **Exploration Strategy**: The company is actively adding permits and consolidating its holdings to enhance its production capabilities [23] - **Market Perception**: There is a noted discrepancy between the company's market valuation and its growth potential, suggesting an opportunity for investors [24][25] Conclusion Aya Gold & Silver is positioned for significant growth in the coming years, driven by its strong production capabilities, efficient operations in Morocco, and promising exploration projects. The company is expected to deliver substantial cash flow and profitability, making it an attractive investment opportunity in the mining sector.
Austral Gold Announces Repayment of Related Party Loan
Newsfile· 2025-09-08 01:24
Core Points - Austral Gold Limited has fully repaid a US$2,000,000 loan along with accrued interest of US$133,000 to Inversiones Financieras del Sur SA (IFISA) [1][8] - The repayment was made through the transfer of 6,797,843 shares of Unico Silver Limited at a price of A$0.48 per share [4][8] - Shareholder approval for the transaction was obtained at the Annual General Meeting held on May 29, 2025, in accordance with ASX Listing Rule 10.1 [3][8] Company Overview - Austral Gold is a growing gold and silver mining producer focused on building a portfolio of quality assets in the Americas, emphasizing production, exploration, and equity investments [5]
Fury Intercepts 59 Metres of 1.59 g/t Gold and 1.5 Metres of 546 g/t Silver at the Sakami Gold Project in Quebec
Globenewswire· 2025-09-04 11:00
Core Viewpoint - Fury Gold Mines Limited has announced promising results from its inaugural drill campaign at the Sakami gold project, indicating strong growth and discovery potential in the region [1][3]. Drilling Results - A total of 3,685 meters of drilling was completed in seven holes, targeting extensions of historical gold mineralization and exploring the Juliette geophysical anomaly [1][7]. - Drill hole 25SK-002 reported 49.5 meters of 0.6 g/t gold and 22.7 meters at 1.47 g/t gold, while drill hole 25SK-003 intercepted 59 meters of 1.59 g/t gold and 9.1 meters of 0.92 g/t gold [2][4]. - High-grade cores of gold mineralization were identified, including 27.7 meters of 2.02 g/t gold and 3.0 meters of 9.32 g/t gold from drill hole 25SK-003 [3][5]. Mineralization Characteristics - Gold mineralization remains open to the west, with significant intercepts indicating a robust mineralizing system characterized by intense silicification [5][6]. - The project covers approximately 14,250 hectares and is located along a 23 km long gold mineralized structure, with historical drilling showing gold mineralization over a distance of more than 23 km [6][7]. Future Prospects - The company anticipates receiving results from the remaining four drill holes in the coming weeks, which may further enhance the understanding of the mineralization at Sakami [3][8]. - The Juliette target, which has a similar geophysical signature to La Pointe, represents an opportunity for discovering additional gold mineralization [8][13]. Company Overview - Fury Gold Mines Limited is a Canadian-focused exploration company with a strong management team and a commitment to high standards in corporate governance and sustainable mining practices [18].
Top-Performing ETF Areas of August That Are Up At Least 20%
ZACKS· 2025-09-01 13:01
Market Performance - The S&P 500 recorded a 1.5% gain in August, marking its fourth consecutive month of increases, with a record high achieved during the month [1] - The Dow Jones rose by 3.2% in August, also reflecting its fourth successive monthly increase [1] - The Nasdaq experienced a 1.6% gain, achieving its fifth consecutive monthly rise, the longest winning streak in nearly a year and a half [2] - Small-cap stocks, represented by the Russell 2000, surged approximately 7% in August, marking its fourth consecutive monthly gain and the strongest streak in over four years [2] Economic Indicators - Core inflation in the U.S. was reported at 2.9% seasonally adjusted in July, meeting estimates but higher than June, raising concerns as it remains above the Fed's 2% target [3] - Consumer sentiment fell to a three-month low in August, driven by tariff-related concerns and inflation expectations [4] - Despite the inflation data, there is an 86.4% chance of a quarter-point rate cut in September, indicating market confidence in a potential easing of monetary policy [5] Sector Analysis - The tech sector faced volatility in late August, with fears of an AI bubble impacting market sentiment [6] - Major tech stocks experienced declines on the last day of August, with NVIDIA down over 3.3%, Tesla down 3.5%, Meta down 1.7%, and Amazon down over 1.1% [7] Investment Opportunities - The Roundhill Cannabis ETF (WEED) surged 91.3% in August, while the Amplify Seymour Cannabis ETF (CNBS) rose 83.2%, driven by speculation of potential reclassification of marijuana [9] - The KraneShares SSE STAR Market 50 Index ETF (KSTR) increased by 29.7%, focusing on the largest companies on the SSE Science and Technology Innovation Board [11] - The Sprott Active Gold & Silver Miners ETF (GBUG) rose 25.5%, targeting investments in gold and silver mining companies [12] - The VanEck ChiNext ETF (CNXT) gained 25%, tracking the performance of major China A-share stocks [13] - The CoinShares Bitcoin Mining ETF (WGMI) increased by 23.9%, providing exposure to companies involved in bitcoin mining operations [14]