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Kingsmen Reports High Grade Gold Samples on South Block of Its Gold/Silver Almoloya Project in the Parral Mining District, Chihuahua
TMX Newsfile· 2025-12-15 13:30
Core Insights - Kingsmen Resources Ltd. has reported initial results from its surface sampling program at the Almoloya gold-silver project, indicating significant gold mineralization and exploration potential [1][5]. Project Overview - The Almoloya project is a 100% owned gold-silver project located 30 km west of the Las Coloradas silver project in Parral, Chihuahua, Mexico, consolidating claims into a contiguous land package [1][11]. - The project includes historically significant mines, Cigarrero and Las Juliettas, and has not seen systematic exploration since the early 2000s, leaving substantial potential untapped [11]. Sampling Results - A total of 527 samples were collected from historic underground workings and surface samples, revealing two long N-trending structures and local NW-trending structures, with lengths ranging from 50m to 400m and widths up to 1.2m [2]. - Significant gold values were reported over approximately 500 meters, with 28 samples exceeding 6.16 g/t gold, and 82 samples ranging from 1.14 to 5.9 g/t gold [4][9]. Notable Findings - The highest gold assay recorded was over 34.1 g/t gold over a 0.5m interval, confirming the expansive mineralization system at Almoloya [5]. - The presence of structurally controlled high-grade gold mineralization at the Juliettas prospect indicates high exploration potential, with ongoing sampling planned for the South Block [5]. Company Background - Kingsmen Resources is focused on exploring its two 100%-owned precious-metal districts, Las Coloradas and Almoloya, both located in a historically productive silver belt in Mexico [14]. - Recent drilling at Las Coloradas has confirmed new zones of high-grade mineralization, highlighting the potential for multiple parallel structures across a 4.5-kilometer trend [14].
Orosur reports major advances at Anzá, El Pantano gold exploration projects
Yahoo Finance· 2025-12-15 09:42
Core Insights - Orosur Mining has made significant progress in its drilling activities at the Anzá gold exploration project in Colombia and the El Pantano gold/silver exploration project in Argentina, with a focus on advancing towards a NI43-101-compliant mineral resource estimate (MRE) for the Pepas prospect by January 2026 [1][3]. Group 1: Anzá Project - The Anzá project covers approximately 330km² in the Mid-Cauca gold belt, following the acquisition of Minera Monte Aguila in November 2024 [2]. - The company is focusing on three main targets: Pepas, APTA, and El Cedro, with Pepas being a shallow, high-grade gold zone [3]. - Infill drilling at Pepas commenced in July 2025, and external geological consultants visited the site in November 2025 for quality assurance and to support the development of a new NI43-101 technical report [3][4]. - The final stages of the Pepas MRE drill-out program were extended to include additional holes, with notable results including hole PEP-067 reporting 83.7m at 4.29 grams per tonne (g/t) gold from surface [4]. Group 2: El Pantano Project - Orosur holds 51% ownership of the El Pantano project under a joint venture agreement with Deseado Dorado, with the project spanning roughly 550km² [5]. - The company is currently in phase two of the joint venture and may earn up to 100% ownership by investing $2 million (C$2.75 million) in exploration by February 2027 [5]. - Seven holes have been drilled at El Pantano, with samples from the first five submitted for fire assay gold analysis, and drilling is progressing ahead of schedule, expected to finish by the end of January 2026 [6].
Irving Resources Updates Progress on its Extensive Epithermal Gold-Silver Holdings, Noto Peninsula, Honshu, Japan
Accessnewswire· 2025-12-11 12:00
VANCOUVER, BC / ACCESS Newswire / December 11, 2025 / Irving Resources Inc. (CSE:IRV)(OTCQX:IRVRF)(FSE:1IR) ("Irving" or the "Company") is pleased to provide an update on its epithermal gold-silver holdings on the Noto Peninsula, Honshu, Japan (Figure 1). The Company's 99 Noto prospecting licenses (337.37 sq km) cover four discrete potential target areas displaying stream sediment gold, silver, arsenic, antimony, mercury and/or copper anomalism and, once granted, would make Irving the largest holder of pros ...
Austral Gold Releases Updated Corporate Presentation
Newsfile· 2025-12-10 17:21
Core Viewpoint - Austral Gold Limited has released an updated corporate presentation outlining its operations, growth strategy, and outlook for 2026 and beyond [1] Group 1: Company Overview - Austral Gold is a growing gold and silver mining producer focused on building a portfolio of quality assets in the Americas [2] - The company's growth strategy is based on three strategic pillars: production, exploration, and equity investments [2] Group 2: Strategic Focus - Austral Gold is advancing its portfolio of producing and exploration assets to lay the foundation for its growth strategy [2] - Under its equity investments pillar, Austral holds shares and options in ASX-listed Unico Silver, as disclosed in the September 2025 Quarterly Report [2]
Tolmer Diamond Assays Enhance Local Structural Model
Accessnewswire· 2025-12-09 00:20
Core Insights - The article highlights significant new diamond drilling assay results from Barton Gold Holdings Limited at the Tolmer gold and silver prospect, indicating high-grade mineralization and structural similarities to the historical Tarcoola goldfield [1] Group 1: Drilling Results - Recent diamond drilling at the Tolmer prospect confirmed a local structural model similar to the eastern portion of the historical Tarcoola goldfield, which includes the Perseverance Mine [1] - Notable assay results include: - Hole TBM255D: 0.4m @ 414 g/t Ag and 2.2m @ 4.65 g/t Au from 60.8m [1] - Hole TBM256D: 1.44m @ 221 g/t Ag, 0.6m @ 465 g/t Ag, and 15.25m @ 4.84 g/t Au from 139.75m [1] - Hole TBM257D: 2m @ 119 g/t Ag and 3m @ 4.11 g/t Au from 101m [1] Group 2: Future Plans - The company plans follow-up drilling in the 'western silver zone' anticipated for the first half of 2026, alongside other major exploration programs [1] - The drilling program aimed to identify structural controls and guide future targeting within the eastern gold zone [1]
Contango Ore (NYSEAM:CTGO) Earnings Call Presentation
2025-12-08 18:00
NYSE-A:CTGO TSX-V:DV | NYSE-A:DVS MERGER TO CREATE A NEW NORTH AMERICAN HIGH-GRADE, MID-TIER SILVER & GOLD PRODUCER AND DEVELOPER I N V E S T O R P R E S E N TAT I O N D E C E M B E R 2 0 2 5 W W W . C O N T A N G O O R E . C O M W W W . D O L L Y V A R D E N S I L V E R . C O M DISCLAIMER LEGAL DISCLAIMER The information contained in this presentation furnished by or on behalf of Dolly Varden Silver Corporation ("Dolly Varden") or Contango ORE, Inc. ("Contango") has been prepared in respect of the proposed ...
Contango ORE and Dolly Varden Silver Announce Merger to Create a New North American High-Grade, Mid-Tier Silver & Gold Producer and Developer
Newsfile· 2025-12-08 12:30
Core Viewpoint - Contango ORE and Dolly Varden Silver have announced a merger to create a new North American high-grade, mid-tier silver and gold producer, referred to as MergeCo, which will leverage their complementary asset portfolios and enhance shareholder value [2][4]. Transaction Overview - The merger will be executed on a merger-of-equals basis, with existing shareholders of both companies owning approximately 50% of MergeCo on a fully diluted basis [3][15]. - MergeCo is expected to be renamed Contango Silver & Gold Inc. and will be led by a combined management team from both companies [3][11]. Strategic Rationale - The merger aims to create a well-funded North American asset portfolio, including the cash-flowing Manh Choh gold mine in Alaska and several high-grade silver and gold projects in British Columbia and Alaska [2][4]. - The combined entity will focus on low-capex Direct Shipping Ore (DSO) projects, leveraging existing infrastructure for development [10]. Financial Position - MergeCo will have over US$100 million in cash on hand, only US$15 million in debt, and significant annual cash flow from the Manh Choh gold mine [10]. - The combined market capitalization is expected to be approximately US$812 million (C$1.1 billion), enhancing trading liquidity and institutional ownership [10]. Asset Highlights - Key assets include the Manh Choh Mine, Lucky Shot Mine, Johnson Tract, and Kitsault Valley, all strategically located to support high-grade development [6][7][9]. - The Manh Choh Mine is noted for its high-grade reserves, with gold reserves estimated at approximately 8 grams per tonne and production of 173,400 gold ounces in the first nine months of 2025 [10][19]. Governance and Leadership - The board of directors for MergeCo will include members from both Contango and Dolly Varden, ensuring a diverse governance structure [3][11]. - Leadership will be provided by Rick Van Nieuwenhuyse as CEO, Shawn Khunkhun as President, and Mike Clark as Executive Vice President and CFO [3][11]. Regulatory and Approval Process - The transaction is subject to court approval and requires the affirmative vote of shareholders from both companies at special meetings expected in February 2026 [16][18]. - Major shareholders from both companies, holding approximately 22% of the outstanding shares, have entered into voting support agreements in favor of the merger [17].
Mithril advances La Dura gold-silver property acquisition in Durango, Mexico
Yahoo Finance· 2025-12-08 09:54
Core Insights - Mithril Silver and Gold has executed a purchase option agreement to acquire the La Dura gold-silver property in Durango State, Mexico, which consists of five contiguous mining concessions covering 2,052 hectares [1][3] - The La Dura property is known for its historic mines, including a four-level gold-silver mine with a processing facility capable of handling 60 tonnes per day [2] - The company has secured an exclusive option to acquire a 100% interest in the La Dura concessions for $4 million (A$6.03 million) within a four-year term [3] Acquisition Details - The agreement requires Mithril to maintain the mining concessions in good standing and conduct LiDAR and aerial magnetic surveys within the first year, with the LiDAR survey scheduled for this month and the aerial magnetic survey planned for early 2026 [3][4] - Mithril has committed to a minimum exploration expenditure of $200,000 in the second year, with no additional exploration expenditure requirements beyond this [4] Strategic Importance - The acquisition enhances Mithril's land position near its Copalquin District property, where drilling is currently underway at targets 1 and 5, with target 3 drilling set to begin in January 2026 [4] - The local geology of La Dura is believed to have potential for gold and silver mineralization, and it lies within the same geological locality as the flagship Copalquin property [5][6] - Upcoming surveys will provide an initial assessment of the prospectivity across the 20km² concession area, supporting future detailed mapping, sampling, and drill testing [6]
AMC Entertainment Holdings, Inc. Transfers the Majority of its Equity Investment in Hycroft Mining Holding Corporation to Sprott Mining for a Net Consideration of $24.1 million
Businesswire· 2025-12-05 23:21
Core Viewpoint - AMC Entertainment Holdings, Inc. has completed a transaction to transfer the majority of its equity investment in Hycroft Mining Holding Corporation to Sprott Mining, a private Canadian corporation led by Eric Sprott [1] Group 1: Transaction Details - AMC sold approximately 2.34 million shares of Hycroft common stock as part of the private transaction [1]
Austral Gold Provides 2026 Production Guidance
Newsfile· 2025-12-05 16:59
Core Viewpoint - Austral Gold Limited has provided consolidated production guidance for the fiscal year ending December 31, 2026, for its two wholly owned producing mines in Argentina and Chile, indicating a positive outlook for production levels [2][5]. Production Guidance - The Guanaco Mine in Chile is forecasted to produce between 15,000 and 17,000 gold-equivalent ounces (GEOs) in FY2026, primarily from mineralized material sourced from a heap-reprocessing project [3][8]. - The Casposo Mine in Argentina, which resumed operations in October 2025, is expected to produce 11,000 to 13,000 GEOs in FY2026, based on six months of operations using Casposo-owned ore. The plant will also process Hualilan material under a toll-processing agreement with Challenger Gold during Q1 and Q3 2026 [4][8]. Overall Production Outlook - The consolidated production guidance for Austral Gold for FY2026 is projected to be between 26,000 and 30,000 GEOs, combining the outputs from both mines [8].