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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]
Trident Resources Intersects 7.28 g/t Au over 15.0m including 16.69 g/t Au over 6.0m as well as 4.43 g/t Au over 39.5m at the Contact Lake Gold Project in Northern Saskatchewan; Large Winter Drill Program Forthcoming
Globenewswire· 2026-01-13 08:30
Core Viewpoint - Trident Resources Corp. has reported positive results from its diamond drill program at the Contact Lake Project, indicating substantial gold mineralization and the potential for further resource expansion [1][2]. Summary of Drilling Results - The first thirteen holes of the drilling program intersected significant gold mineralization, with all holes showing broad zones of shearing and alteration at relatively shallow depths [2][4]. - Notable results include: - Hole CL25006: 7.28 g/t gold over 15.0m, including 16.69 g/t over 6.0m [2][14]. - Hole CL25007: 4.43 g/t gold over 39.5m, including 5.76 g/t over 15.5m [2][14]. - Hole CL25005: 5.66 g/t gold over 5.94m, including 42.95 g/t over 2.55m [2][14]. - Hole CL25008: 7.41 g/t gold over 6.0m [2][14]. - The drilling has confirmed the continuity of mineralization outside the historical mine footprint, suggesting a larger untapped gold system [2][3][4]. Future Plans - The company is preparing for a fully-funded winter drill program, with over $12 million in cash and marketable securities to support ongoing exploration and corporate growth [2][3]. - The CEO emphasized the potential of the Contact Lake Project as a transformative asset, with significant resource estimates expected to be updated following the recent drilling success [2][3]. Project Overview - The Contact Lake Gold Project spans approximately 22,790 hectares and includes the past-producing Contact Lake mine, which yielded around 190,000 ounces of gold at an average grade of 6.16 g/t Au from 1994 to 1998 [16]. - The project is located in the La Ronge Gold Belt of Saskatchewan, an area known for its gold potential, and includes several other gold deposits owned by Trident Resources [16][22].
Trident Resources Intersects 7.28 g/t Au over 15.0m including 16.69 g/t Au over 6.0m as well as 4.43 g/t Au over 39.5m at the Contact Lake Gold Project in Northern Saskatchewan; Large Winter Drill Program Forthcoming
Globenewswire· 2026-01-13 08:30
Core Viewpoint - Trident Resources Corp. has reported positive results from its diamond drill program at the Contact Lake Project, indicating substantial gold mineralization and plans for a follow-up winter drill program [1][2]. Summary of Drilling Results - The first thirteen holes of the drill program intersected significant gold mineralization, with all holes showing broad zones of shearing and alteration at shallow depths [2][4]. - Notable results include: - Hole CL25006: 7.28 g/t gold over 15.0m, including 16.69 g/t over 6.0m [2][14]. - Hole CL25007: 4.43 g/t gold over 39.5m, including 5.76 g/t over 15.5m [2][14]. - Hole CL25005: 5.66 g/t gold over 5.94m, including 42.95 g/t over 2.55m [2][14]. - Hole CL25008: 7.41 g/t gold over 6.0m [2][14]. - The drilling has confirmed the continuity of mineralization outside the historical mine footprint, suggesting significant untapped potential [2][3]. Financial Position and Future Plans - Trident is fully funded for the upcoming winter drill program with over $12 million in cash and marketable securities [2][3]. - The company aims to aggressively follow up on the initial drilling success to expand the resource estimate, particularly in areas not included in previous assessments [2][3]. Project Overview - The Contact Lake Gold Project spans approximately 22,790 hectares and includes the past-producing Contact Lake mine, which produced around 190,000 ounces of gold at an average grade of 6.16 g/t from 1994 to 1998 [16]. - The project is located in the La Ronge Gold Belt of Saskatchewan, a region known for its gold potential [16].
Golden Cariboo Commences 2026 Mineral Exploration at the Quesnelle Gold Quartz Mine Property
Thenewswire· 2026-01-13 08:05
Core Viewpoint - Golden Cariboo Resources Ltd. has commenced its 2026 exploration program at the Quesnelle Gold Quartz Mine Property, focusing on expanding previous exploration successes and enhancing drilling operations [1][2][4]. Exploration Program Details - The 2026 mineral exploration program aims to build on past technical successes, with field activities including opening access roads and preparing water lines for drilling [2]. - The initial drilling will focus on QGQ25-28, which has been drilled to a depth of 354.19 meters (1,162 feet) and is located in the Halo zone [2]. - Previous drilling at QGQ24-20 encountered significant gold grades, returning 137.17 meters (450.0 feet) of 1.55 g/t gold and 16.05 g/t silver, including high-grade intervals [2]. Drilling and Exploration Activities - The company plans a 7,500-meter (24,600 feet) surface diamond drilling program targeting priority zones identified through geological studies [3]. - The transition from NQ to HQ-sized core is anticipated to improve core recovery and geological insights [3]. - Additional exploration activities will include over 1 kilometer of trenching, mapping, prospecting, geochemical sampling, and geophysical studies [3]. Company Background - Golden Cariboo Resources Ltd. is focused on targeted drilling and trenching programs at its Quesnelle Gold Quartz Mine property, which is strategically located near Osisko Development [6]. - The property is part of a historically rich gold mining area, with over 101 placer gold creeks recorded along a 90-kilometer (56 miles) trend [7][8].
Thor Explorations Announces Strong Q4 2025 Gold Production of 23,604 Ounces, 2026 Operating Guidance and Bonus Q4 Dividend
TMX Newsfile· 2026-01-13 07:00
Core Viewpoint - Thor Explorations Ltd. reported strong operational results for Q4 and FY 2025, highlighting significant gold production and revenue growth, alongside a commitment to returning value to shareholders through dividends [1][8][9]. Q4 2025 Operational Highlights - The company poured 23,719 ounces of gold in Q4 2025, contributing to a total of 91,910 ounces for the full year [7][8]. - Gold sales in Q4 reached 25,830 ounces at an average realized price of US$4,189 per ounce, resulting in record quarterly revenue of US$108 million [7][8]. - The cash balance at the end of Q4 was US$137 million, with a bullion inventory of 3,188 ounces [7][9]. - The average grade of gold processed was 3.31 grams per tonne, with a recovery rate of 94.8% [7][17]. Dividend Information - A standard Q4 dividend of C$0.0125 per share will be supplemented by a bonus dividend of C$0.015 per share, totaling C$0.0275 per share for Q4 [4]. - For 2026, dividends will be paid quarterly at C$0.0125 per share, totaling C$0.05 for the year, with potential increases based on cash reserves [5]. FY 2026 Outlook and Production Guidance - Production guidance for FY 2026 is set between 75,000 to 85,000 ounces of gold [6]. - The All-in Sustaining Cost (AISC) guidance for FY 2026 is projected to be between US$1,000 to US$1,200 per ounce [14]. Exploration and Development Activities - Near mine exploration in Nigeria is ongoing, with positive results justifying the continuation of deeper drilling programs [10][12]. - In Senegal, the Preliminary Feasibility Study (PFS) for the Douta project is expected to be released on January 26, 2026 [11][14]. - Drilling activities have resumed in Cote d'Ivoire, with initial programs starting on the Marahui Licence [11][16].
Questcorp and Riverside Make New Gold Discovery in Initial Drill Results from Luis Hill and Famosa Targets at Union Project, Sonora, Mexico
TMX Newsfile· 2026-01-13 05:01
Core Insights - Questcorp Mining Inc. and Riverside Resources Inc. announced a new discovery of Carlin-like gold mineralization at the Luis Hill target within the La Union Project in Sonora, Mexico [1][4] - Initial drilling at Luis Hill returned a significant intersection of 42 meters at 0.3 g/t gold, indicating a new style of mineralization not previously recognized at the project [2][5] Drill Program Highlights - The initial drill program included 12 core holes totaling over 1,600 meters across six targets, including the past-producing Union, Union Norte, and Famosa Mine [5] - Assays are pending for over 700 half-core samples from various targets, including Union, Union North, and Cobre [5] - The drilling strategy focused on angled and near-vertical holes to intersect typical Carbonate Replacement Deposit (CRD) systems, targeting depths generally less than 150 meters [5] Discovery Details - The discovery at Luis Hill included 23 assay intervals ranging from 0.005 g/t to 1.31 g/t gold, with 15 intervals exceeding 0.1 g/t and three exceeding 0.5 g/t [10] - The mineralization type found at Luis Hill is aligned with a carbonate-hosted metal system, which is significant for the region's geological context [5][9] Future Plans - The companies plan to organize a Phase 2 exploration program for H1 2026, which will build on the results from Phase 1 and include follow-up drilling, geophysics, geochemistry, and mapping [26][27] - The next set of drill results will be released following a QA/QC review [27] Strategic Orientation - The sediment-hosted gold style found at Luis Hill is comparable to Nevada's carbonate platform geology, indicating potential for further exploration in the Sonora Gold Belt [23] - The companies are optimistic about the potential for Luis Hill to become a major new discovery in Mexico, with plans for continued exploration in the area [9][26]
业绩大幅预喜,紫金矿业股价创历史新高,黄金股ETF(159562)半日大涨3.68%
Sou Hu Cai Jing· 2026-01-13 04:08
Group 1 - Gold prices experienced a slight drop before rebounding, with COMEX gold futures trading around $4605 per ounce [1] - Gold-related ETFs showed strong performance, with 华夏 ETF up 0.32%, 有色金属 ETF up 2.73%, and 黄金股 ETF up 3.68% [1] - Notable stock performances included 明牌珠宝 hitting the daily limit, 湖南白银 nearing the daily limit, and several companies like 紫金矿业 and 招金矿业 reaching historical price highs [1] Group 2 - Earnings forecasts for 2025 are being released, with significant positive expectations from companies in the gold sector [1] - 赤峰黄金 expects a net profit of 3 billion to 3.2 billion yuan, a year-on-year increase of 70% to 81% [1] - 紫金矿业 anticipates a net profit of 51 billion to 52 billion yuan, a year-on-year increase of 59% to 62% [1] - 潮宏基 projects a net profit of approximately 436 million to 533 million yuan, a year-on-year increase of 125% to 175% [1] Group 3 - Geopolitical risks are driving increased demand for safe-haven assets, benefiting precious metals [1] - News regarding the criminal investigation of Federal Reserve Chairman Powell has implications for the perceived independence of the Federal Reserve and adds uncertainty to monetary policy, further supporting precious metal prices [1] Group 4 - 东方证券 expresses optimism about the gradual increase in average gold prices, anticipating strong performance from mining companies in gold and silver sectors [2] - Companies with good earnings releases are expected to outperform the commodity price increases [2]
Newmont Corporation (NYSE:NEM): A Leading Gold Mining Company with a Bright Future
Financial Modeling Prep· 2026-01-13 03:00
Core Viewpoint - Newmont Corporation is recognized as a leading gold mining company with significant operational efficiency and scale, positioning it favorably in the competitive landscape against other mining giants [1] Group 1: Investment Ratings and Price Targets - Citigroup has maintained a "Buy" rating for Newmont, raising its price target from $104 to $118, reflecting confidence in the company's growth potential [2][6] - Newmont is identified as a top gold pick for 2026, trading at a 20-25% discount compared to its peers, indicating its undervaluation despite strong growth prospects [3][6] Group 2: Market Performance and Financial Metrics - As of the latest data, Newmont's stock price is $112.96, showing an increase of approximately 3.64% or $3.97, with a market capitalization of approximately $123.27 billion [5] - The projected price-to-earnings ratio for Newmont in 2026 is 14.1x, with a price/earnings to growth ratio of 0.30x, suggesting it is well-positioned to outperform the sector [4][6] Group 3: Market Outlook - The bullish outlook for gold, driven by demand from central banks and geopolitical uncertainty, is expected to support Newmont's earnings growth [4]
Blue Lagoon Engages Hillside Media for Corporate Awareness Digital Marketing
Thenewswire· 2026-01-13 01:20
Core Viewpoint - Blue Lagoon Resources Inc. is transitioning from an exploration-stage company to a gold producer and has engaged Hillside Consulting and Media Inc. for marketing and distribution services to enhance market visibility and corporate awareness [1][2]. Group 1: Company Overview - Blue Lagoon Resources Inc. is a Canadian-based mining company focused on growth, operating the 100% owned Dome Mountain Gold Mine near Smithers, British Columbia [4]. - The company is led by a team with extensive mining and finance experience and operates in a favorable mining jurisdiction [4]. Group 2: Recent Developments - In February 2025, Blue Lagoon received a full mining permit, one of only nine issued in British Columbia since 2015, and has commenced underground mining operations [5]. - The company processes mineralized material from Dome Mountain under a long-term toll milling agreement with Nicola Mining [5]. - Starting in the first half of 2026, Blue Lagoon plans to reinvest internally generated cash flow into near-mine and regional exploration to expand its resource base [5]. Group 3: Marketing Engagement - Under the agreement with Hillside, the company will pay a cash fee of $200,000 plus applicable taxes for digital marketing services, which include SEO, PPC, email marketing, YouTube, and social media [2]. - The engagement with Hillside is for a six-month term from January 13, 2026, to July 13, 2026, and all media will be based on publicly available information [2]. Group 4: Sustainability and Community Engagement - Blue Lagoon is committed to sustainability, community, and First Nation engagement, aiming to be a profitable, cash-flowing gold producer while creating lasting value for shareholders and stakeholders [6]. Group 5: Production Decision - The company's production decision at Dome Mountain is not based on a feasibility study but on existing mining infrastructure, past bulk sampling, and established mineral resources [7]. - There is an acknowledgment of increased uncertainty and higher risk of failure when production is undertaken prior to a feasibility study [7].