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Recent announcement from Aura Mines is a positive step for Mining in Guatemala
Thenewswire· 2026-01-13 12:00
Core Viewpoint - The announcement of a construction license for the Era Dorado Project by Aura Minerals Inc. represents a significant milestone for mining development in Guatemala, with an expected production of over 1.6 million ounces of gold annually [1][2]. Group 1: Project Development - Aura Minerals Inc. has commenced early works on the Era Dorado Project, which aims to produce 100-120 thousand ounces of gold per year [1]. - The Era Dorado mine is expected to significantly boost the local and national economy [1]. - The Holly project, located 40 km north of the Era Dorado project, has an inferred mineral resource of 1.32 million tonnes at 6.46 g/t Au and 256 g/t Ag, equating to 270,000 ounces of contained gold and 11 million ounces of contained silver [2][6]. Group 2: Community and Environmental Considerations - Some local and municipal councils oppose the Holly project, but the development of the Era Dorado mine in a socially responsible manner may alleviate these concerns [2]. - The company has been working with the local community since 2022 to promote the benefits of responsible mining and the potential for job creation [3]. Group 3: Future Opportunities - The company continues to explore additional opportunities within Guatemala and other parts of Central America [3].
Toogood Gold Reports Final Drilling Assays, with All Holes Reporting Gold, Including First 3 of 3 Holes at Mélange Contact
TMX Newsfile· 2026-01-13 12:00
Core Insights - Toogood Gold Corp. has reported significant advancements in its drilling program at the Toogood Gold Project, confirming the presence of a district-scale gold-bearing trend [3][4][6] - The 2025 drilling program has expanded the mineralized felsic dyke at Quinlan by 75% along strike and 100% down-dip, with all 30 drill holes intersecting gold [5][8] - The Mélange Contact has been validated as a new target corridor, with a 100% hit rate of gold-bearing mineralization in the initial three drill holes [6][8] Management Commentary - CEO Colin Smith emphasized the importance of the 2025 drilling results, which confirm the Mélange Contact as a significant gold-bearing trend extending over 15 km [3] 2025 Drill Program Overview - The program consisted of 1,999 meters drilled across 33 diamond drill holes from July to September 2025, aimed at expanding the Quinlan gold system and testing the Mélange Contact for the first time [4] - At Quinlan, all 30 holes reported gold, with visible gold found in 10 holes, indicating a continuous mineralized system [5][8] Results from Quinlan - The drill-confirmed scale of the Quinlan dyke has increased to approximately 350 meters in strike length and 240 meters down-dip, with mineralization remaining open in all directions [5][8] - The strongest intercept at Quinlan was 29.31 meters at 2.20 g/t Au, establishing a high-priority trend for future drilling [8] Mélange Contact Findings - The initial drilling at the Mélange Contact returned gold in all three holes, supporting the hypothesis of a previously untapped, district-scale target [6][8] - The results from the Mélange Contact open up over 15 km of largely undrilled prospective trend for systematic follow-up exploration [6][8] Future Exploration Plans - The company plans extensive systematic exploration throughout the Mélange trend, including soil sampling and detailed structural mapping to refine future drill targets [8]
Delta Reports Multiple Gold Intercepts (4.25 g/t Gold over 11.8 Metres and 1.37 g/t over 10.5 Metres) at New Shabaqua Target 1.3 Kilometres West of Eureka Gold Deposit
TMX Newsfile· 2026-01-13 12:00
Core Viewpoint - Delta Resources Limited continues to expand the mineralized footprint at the Eureka Gold Deposit through step-out drilling, indicating strong potential for higher-grade mineralization beyond the currently defined area [3][8]. Drill Program Overview - The recent diamond drill program consisted of 26 holes totaling 5,237 meters, with assay results reported for 22 of these holes [4][7]. - Notable drill results include multiple gold intercepts at the Shabaqua Target and continued mineralization at the Eureka Gold Deposit [5][8]. Shabaqua Target - The Shabaqua Target, located 1.3 kilometers west of the Eureka Gold Deposit, has shown promising results with multiple higher-grade intervals, including 4.25 g/t Au over 11.8 meters in hole D1-25-150 [5][10]. - The initial phase of drilling indicates potential for higher-grade gold mineralization beyond the Eureka footprint [10]. Eureka Gold Deposit - Step-out drilling at the Eureka Gold Deposit has yielded significant results, including 1.32 g/t Au over 7.0 meters in D1-25-136 (Eureka South) and 3.83 g/t Au over 3.0 meters in D1-25-142 (Eureka West) [5][8]. - The mineralization at Eureka has been defined over approximately 2.5 kilometers of strike length and remains open for expansion [9][23]. Wedge Target - The Wedge Target, located about 4 kilometers west of the Eureka Gold Deposit, has also shown encouraging mineralization, with assay results pending for two completed holes [4][11]. Future Exploration Activities - Delta has completed a high-resolution drone-based magnetic survey over the Shabaqua and Wedge target areas and is awaiting results from a regional till-sampling program to guide further exploration [15][16]. - The I-Zone sector, located approximately 18 kilometers southwest of the Eureka Gold Deposit, hosts several high-grade gold showings, with historical drill intercepts indicating strong potential [16].
Mako Mining Announces Q4 2025 Production Results Generating Record Gold Revenue of Approximately US$ 50 million, Year End Cash Balance of US$ 78.1 million and Full Repayment of Debt
Accessnewswire· 2026-01-13 11:50
VANCOUVER, BC / ACCESS Newswire / January 13, 2026 / Mako Mining Corp. (TSX-V:MKO)(OTCQX:MAKOF) ("Mako" or the "Company") is pleased to provide fourth quarter 2025 ("Q4 2025") production results for the Company's San Albino gold mine ("San Albino") in northern Nicaragua, the Moss Mine in Arizona and an update on the Eagle Mountain gold project in Guyana. Certain amounts shown in this news release may not total to exact amounts due to rounding differences. ...
Vista Gold Sets Target for Start of Detailed Engineering and Design
Businesswire· 2026-01-13 11:45
Core Viewpoint - Vista Gold Corp. is making significant progress at its Mt Todd gold project, with plans to initiate detailed engineering and design by early 2027, leading to a 27-month design, construction, and commissioning process [1] Group 1: Project Development - The Mt Todd Feasibility Study, completed in July 2025, indicates the potential for near-term development of a smaller initial project by focusing on higher-priority areas [1]
Nova’s RPM Valley Drilling Confirms Continuity of Mineralized System with High-Grade Intercepts and Remains Wide Open in Multiple Directions
Globenewswire· 2026-01-13 11:30
Core Insights - Nova Minerals Limited announced significant drill results from the RPM Valley deposit, highlighting multiple broad intercepts greater than 1 g/t Au, including a record intercept of 0.5 m at 364 g/t Au [1][4][7] Drill Results - The highest-grade intercept to date at RPM Valley is 0.5 m at 364 g/t Au from 101 m, with visible gold observed [7][9] - Broad gold intersections include: - 65 m at 3.6 g/t Au from 83 m, including 36 m at 5.5 g/t Au from 91 m - 155 m at 0.9 g/t Au from 71 m, including 94 m at 1.3 g/t Au from 126 m - 172 m at 0.8 g/t Au from 352 m, including 60 m at 1.2 g/t Au from 424 m [7][12][27] Mineralization Continuity - The results confirm the continuity of mineralization at RPM Valley, with mineralization remaining open in multiple directions and at depth [5][9] - The glacial till mineralized zone is at least 30 m thick, with a surface anomaly of approximately 1.7 km long and 200 m wide, indicating a priority target for further exploration [6][31] Future Plans - Nova plans to conduct follow-up work with improved sampling methods to better assess the glacial till and its potential for heap leach recovery [6][31] - Ongoing pre-feasibility studies include metallurgical test work and mining studies, with an updated Mineral Resource Estimate expected to incorporate results from the 2023-2025 drill programs [5][47] Project Overview - The Estelle Project, located in the Tintina Gold Belt, encompasses 514 km of mining claims and contains multiple advanced gold and antimony prospects, with significant historical gold endowment [48]
Heliostar Provides 2026 Guidance and Growth Plan
TMX Newsfile· 2026-01-13 11:30
Core Viewpoint - Heliostar Metals Ltd. has announced its production and cost guidance for 2026, projecting gold production of 50,000-55,000 ounces with by-product cash costs of $1,850-$1,950 per ounce and consolidated All-In Sustaining Costs (AISC) of $2,025-$2,125 per ounce. The company plans to reinvest cash generated from operations into exploration and growth initiatives, particularly focusing on the Ana Paula development project [1][5]. Production Guidance - La Colorada Mine is expected to produce 20,000-22,300 ounces of gold and 130,000-145,000 ounces of silver, with cash costs of $1,650-$1,750 per gold ounce and AISC of $1,775-$1,875 per gold ounce [2][4]. - San Agustin Mine is projected to produce 30,000-32,700 ounces of gold and 160,000-175,000 ounces of silver, with cash costs of $2,000-$2,100 per gold ounce and AISC of $2,150-$2,250 per gold ounce [2][9]. - Consolidated production for Heliostar is anticipated to include 290,000-320,000 ounces of silver sold [2]. Growth Initiatives - The company plans to commence pre-stripping of 11 million tonnes of waste at the Veta Madre open pit expansion project in early Q3 2026, aiming to access 43,000 ounces of in-situ gold [4][5]. - A $27 million exploration program will be funded from operating cash flow, focusing on resource development and exploration activities [5][8]. - The Ana Paula project will continue with a 20,000-meter infill and expansion drill program, with an additional 6,500 meters approved to upgrade inferred material [11][13]. Exploration and Development - Heliostar has budgeted $5.8 million for resource development and exploration activities at La Colorada in 2026, including drilling to investigate underground potential [8][10]. - The company plans to invest $6.6 million in resource development and regional exploration at Ana Paula, alongside $15 million for extending the decline [13]. - At Cerro del Gallo, permitting discussions and community engagement are ongoing, with a workplan to update the geologic model and conduct further metallurgical tests [14][15].
Dakota Gold Announces 2026 Plans for Richmond Hill and Maitland Gold Projects Following Successful Drill Programs
TMX Newsfile· 2026-01-13 11:30
Core Insights - Dakota Gold Corp. is advancing its Richmond Hill Oxide Heap Leach Gold Project and plans to conduct a drilling program to support a Pre-Feasibility Study (PFS) in the second half of 2026 while also targeting a maiden resource at the Maitland Gold Project by year-end 2026 [1][3][12] 2026 Richmond Hill Program - The company aims to complete studies for a PFS in the second half of 2026, followed by a Feasibility Study in the first half of 2027, which will include processing design and throughput trade-off studies [4][5] - The PFS will optimize processing tons per day from an initial assessment of 30,000 TPD up to 60,000 TPD, incorporating high-grade opportunities and updated metallurgical testing [4][5] - The 2026 drill campaign will consist of 15,481 meters (50,790 feet) across 109 holes, focusing on infill drilling to convert inferred resources to measured and indicated resources [6][12] 2025 Drilling Campaign Results - The 2025 drilling campaign included 242 drill holes totaling 29,279 meters (~96,000 feet), with 181 assay results released to date [5][6] - Significant gold intercepts were reported, including RH25C-323, which intersected 2.19 g/t Au over 31.1 meters, and RH25C-319, which intersected 1.18 g/t Au over 47.6 meters [6][10] 2026 Maitland Program - The 2026 Maitland drill campaign will focus on infill drilling to define a maiden resource for the Unionville Zone, which has a confirmed strike length of at least 2,000 meters (6,562 feet) [12][13] - The JB Gold Zone, a high-grade underground discovery, has an average grade of 10.76 g/t Au from 47 drill holes, providing long-term high-grade optionality [13][12] Company Overview - Dakota Gold is working to advance the Richmond Hill project to commercial production by 2029 and is also outlining a maiden resource at the Maitland Gold Project, both located in South Dakota [17]
Step-Out Drilling At McEwen’s Newly Acquired Tartan Mine Project Returns Meaningful Results Along Western Flank: 7.5 gpt Gold Over 18.9 Metres
Globenewswire· 2026-01-13 11:00
Core Insights - McEwen Inc. has announced final drill results for the Tartan Mine Project, which will be included in an upcoming Mineral Resource Estimate, expected by the end of February 2026, as the company aims to double production by 2030 [1][6] Exploration Results - Recent drill results from the Western Flank of the Tartan Mine Project include an intercept of 7.5 grams per tonne (gpt) gold over 18.9 metres, expanding gold mineralization beyond previous results [1][2] - Notable previous intercepts include 12.3 gpt gold over 14.0 metres and 8.2 gpt gold over 9.9 metres, indicating strong potential for further resource expansion [2][3] - The ongoing drilling aims to increase the number of ounces per vertical metre, which could enhance annual gold production and reduce costs [3] Resource Expansion - The strike length of the Main Zone has expanded from 100 metres near surface to approximately 150 metres at depth, with additional drill results showing 6.6 gpt gold over 7.0 metres and 4.9 gpt gold over 7.9 metres [3][4] - The company has budgeted $3 million for exploration at Tartan in 2026, with plans to increase this budget if strong results continue [4] Historical Context - The Tartan Mine, located in the Flin Flon Greenstone Belt, has a history of production starting in 1987, yielding approximately 47,000 ounces of gold before shutting down due to market conditions [5] - The last resource estimate in 2017 indicated 240,000 ounces of indicated resources at 6.32 gpt gold and 37,000 ounces of inferred resources at 4.89 gpt gold [5] Strategic Importance - Tartan is viewed as a high-grade gold project with significant growth potential, contributing to the company's goal of doubling production by 2030 [6] - The company aims to leverage existing mine infrastructure to keep capital costs low and develop the mine in phases [6]
Step-Out Drilling At McEwen's Newly Acquired Tartan Mine Project Returns Meaningful Results Along Western Flank: 7.5 gpt Gold Over 18.9 Metres
Globenewswire· 2026-01-13 11:00
Core Insights - McEwen Inc. has announced final drill results for the Tartan Mine Project, which will be included in an upcoming Mineral Resource Estimate, expected by the end of February 2026, as the company aims to double production by 2030 [1][6] Drill Results - Recent drill results include an intercept of 7.5 grams per tonne (gpt) gold over 18.9 metres, expanding gold mineralization along the Western Flank [1][2] - Previous notable results from late 2025 include 12.3 gpt gold over 14.0 metres and 8.2 gpt gold over 9.9 metres [2] - Additional drill results along the Western Flank returned 6.6 gpt gold over 7.0 metres and 4.9 gpt gold over 7.9 metres, expanding mineralization approximately 30 metres further to the west [3] Exploration and Investment - The company is budgeting $3 million for exploration at Tartan in 2026, with plans to increase this budget if strong results continue [4] - Exploration targets include the Eastern Flank of the Main Zone, depth within the Main Zone, the South Zone, and regionally along the Tartan Lake Shear Zone [4] - Since drilling resumed in 2023, 35 of the 39 drill holes (approximately 90%) have intersected potentially economic mineralization at the Main Zone [4] Historical Context - The Tartan Mine, located in the Flin Flon Greenstone Belt, began production in 1987 and produced approximately 47,000 ounces of gold before shutting down [5] - The last NI 43-101 resource estimate in 2017 indicated 240,000 ounces of indicated resources at 6.32 gpt gold and 37,000 ounces of inferred resources at 4.89 gpt gold [5] Strategic Importance - Tartan is viewed as a rare high-grade gold project in Canada with limited exploration from 1989 to 2023, and recent results are expected to drive growth [6] - The updated Mineral Resource Estimate and advancements in engineering and permitting are crucial for moving towards a production decision [6] - The company aims to leverage existing mine infrastructure and high-grade gold to keep capital costs low and develop the mine in phases [6]