Gold Mining
Search documents
Scorpio Gold Drills 24.67 Metres Grading 1.85 g/t Gold, from 98.76 Metres, in New Zone of Mineralization at the Manhattan District, Nevada
Newsfile· 2025-11-24 11:00
Scorpio Gold Drills 24.67 Metres Grading 1.85 g/t Gold, from 98.76 Metres, in New Zone of Mineralization at the Manhattan District, NevadaNovember 24, 2025 6:00 AM EST | Source: Scorpio Gold CorpHighlightsHole 26MN-026 returned 1.85 g/t gold over 24.67 metres from 98.76 mHole 25MN-021 returned 1.52 g/t gold over 18.14 metres from 176.78 mHole 25MN-020 returned 0.94 g/t gold over 36.97 metres from 162.95 mHole 25MN-022 returned 21.82 g/t gold over 3.23 metres from 168.86 m incl. 0.43 m grading ...
Westhaven Advances Exploration and Development Programs at Shovelnose Gold Project, Southern British Columbia
Globenewswire· 2025-11-24 09:00
Core Insights - Westhaven Gold Corp. has successfully completed an upsized summer drilling program at its 100%-owned Shovelnose Gold Project, confirming the resource model and validating a new exploration model for potential gold mineralization [1][3][6]. Drilling Program Overview - The 2025 summer drilling program consisted of 13 drill holes totaling 6,202 meters, which is more than double the initially planned 3,000 meters [4][6]. - Drilling focused on structural and geochemical targets, confirming significant structural offsets and the presence of epithermal mineralization [3][6]. Resource Confirmation - Drill holes SN25-432 and SN25-442 confirmed the resource model by intersecting expected intervals of epithermal mineralization, including notable grades of gold and silver [7][8]. - The South Zone resource model has been validated, indicating strong potential for additional epithermal gold systems [6][14]. Economic Assessment - The March 2025 Preliminary Economic Assessment (PEA) outlines an 11-year underground mining opportunity with an after-tax NPV of CAD$454 million and an IRR of 43.2% at a gold price of US$2,400 per ounce [6][19]. - Initial capital costs are projected at CAD$184 million, with a payback period of 2.1 years [19]. Strategic Location - The Shovelnose project is strategically located 2.5 hours from Vancouver, providing direct road and power access, which significantly reduces exploration and development costs compared to more remote projects [6][19]. Exploration Potential - The exploration program has identified a 100 km strike extent of the Spences Bridge Gold Belt, with over 1,800 geochemical samples collected, indicating substantial regional exploration potential [6][19]. - The company aims to continue systematic exploration drilling to unlock new discoveries and prepare for integrated engineering and environmental studies for project development [14][19]. Technical Leadership - Westhaven's technical team has been strengthened with new appointments, including CEO Ken Armstrong and other key positions, bringing world-class expertise to the exploration and development strategy [6][19].
Trident Resources Corp. Announces Updated Mineral Resource Estimates for Four La Ronge Gold Belt Deposits in Northern Saskatchewan, Canada
Globenewswire· 2025-11-24 08:15
Core Insights - Trident Resources Corp. has announced significant updates to its Mineral Resource Estimates for its gold deposits, showing an 18% increase in Indicated gold ounces and a 190% increase in Inferred gold ounces compared to previous estimates [1][5][30] Mineral Resource Estimates - The updated Indicated gold ounces total 896,500, while Inferred gold ounces total 1,129,600 across four deposits: Preview SW, Preview North, North Lake, and Greywacke [1][5] - The effective date of the updated Mineral Resource Estimate is November 6, 2025 [1][9] - The estimates reflect a higher gold price assumption of US$2,600 per ounce, compared to previous estimates which were based on US$1,500 to US$1,700 per ounce [5][9] CEO Commentary - The CEO emphasized the company's vision to create a significant gold exploration entity in Saskatchewan, highlighting the updated estimates as a confirmation of the quality and potential of the deposits [3][30] - The company is positioned for further growth with strong funding and an ambitious exploration program planned [3][30] Exploration Potential - Trident is actively exploring the Contact Lake project, which was a former producing gold mine, and recent drilling results suggest the presence of a robust gold-mineralized system [3][5] - The company aims to expand its resource totals through ongoing exploration efforts [3][5] Detailed Resource Breakdown - The Indicated resources for each deposit are as follows: - North Lake: 469,700 ounces at 0.890 g/t - Preview SW: 314,700 ounces at 1.537 g/t - Preview North: 40,800 ounces at 1.359 g/t - Greywacke: 71,400 ounces at 2.174 g/t [6][12][14] - The Inferred resources for each deposit are as follows: - North Lake: 481,300 ounces at 0.724 g/t - Preview SW: 531,900 ounces at 1.115 g/t - Preview North: 7,400 ounces at 0.628 g/t - Greywacke: 109,100 ounces at 1.242 g/t [6][12][14] Company Overview - Trident Resources Corp. is a Canadian public mineral exploration company focused on gold and copper projects in Saskatchewan [30]
Snowline Gold Drills 534.5 Metres of 0.62 Grams Per Tonne Gold Along Northern Edge of Its Valley Deposit and Intersects RIRGS Mineralization at Gracie Target, Rogue Project, Yukon
Accessnewswire· 2025-11-24 08:10
Core Insights - The article highlights significant mineralization at Valley, with notable drill results including V-25-139 reporting 534.5 m at 0.62 g/t Au, which includes a higher grade interval of 42.5 m at 2.10 g/t Au [1] - A new Eastern zone has been identified at Valley, located approximately 500 m northeast of the current Mineral Resource Estimate (MRE) boundary, indicating potential for resource expansion [1] - Initial drill results from multiple regional targets have shown promising gold intersections, with the longest mineralized interval recorded at the Gracie target, located 4 km east of Valley [1] - Additional results are pending from over 13,700 m of drilling across Valley and five other regional targets: Aurelius, Charlotte, Cujo, Gracie, and Ramsey [1]
Lake Victoria Gold Announces Q3-2025 Exploration Update from Barrick on Tembo Area Licenses
Newsfile· 2025-11-24 08:01
Core Insights - Lake Victoria Gold Ltd. (LVG) provided an update on Q3 2025 exploration activities conducted on licenses sold to Bulyanhulu Gold Mine Limited, a joint venture between Barrick Mining Corporation and the Government of Tanzania [1][2] Exploration Activities - Bulyanhulu advanced its exploration program to refine geological models and evaluate the potential for discovering new mineralized systems within the Tembo Inlier portfolio [2] - Key activities included the completion of a GAIP geophysical survey and the initiation of aircore drilling [3] Financial Overview - As of September 30, 2025, cumulative project expenditures reached US$6,659,397 out of a proposed US$9,000,000 under the Asset Purchase Agreement (APA) [4] Drilling Progress - Bulyanhulu completed 94 line-km of GAIP surveying, with results being integrated into updated structural interpretations [5] - A geochemical aircore drilling program commenced at the Enze target, with 19 holes totaling 419m completed out of a planned 945-hole, 30,750m program [5] - Planning for diamond and RC drilling along the Itetemia trend is underway, focusing on identifying potential repetitions of the Reef 1 and Reef 2 horizons [5] Strategic Context - Under the APA, LVG may receive up to US$45 million in contingent payments from Barrick, contingent on future discoveries or resource thresholds on the licenses [6] Management Insights - Management expressed confidence in the systematic approach taken by Barrick to unlock the Tembo geology, highlighting the potential for significant discoveries [7] - The ongoing progress at Tembo is seen as reinforcing the long-term potential of this strategic asset [7] Future Plans - Bulyanhulu plans to continue aircore drilling through Q4 2025, with diamond and RC drilling programs expected to be completed in the same quarter [10]
New LiDAR Survey Validates & Supports Grande Portage Resources' Development Plans at the New Amalga Gold Project - Updated Project Summary
Accessnewswire· 2025-11-24 07:00
Core Insights - Grande Portage Resources Ltd. has received survey data from an aerial LiDAR scan at the New Amalga Gold property in Southeast Alaska, which is essential for advancing engineering and environmental work at the project [1] Company Developments - The aerial LiDAR scan represents a critical input for the ongoing development of the New Amalga Gold property, indicating progress in the company's project pipeline [1] - The company is focused on enhancing its engineering and environmental assessments, which are vital for the project's advancement [1] Industry Context - The use of aerial LiDAR technology in mining projects is becoming increasingly important for accurate data collection and analysis, reflecting a trend towards more advanced surveying methods in the industry [1] - The New Amalga Gold property is located in Southeast Alaska, an area known for its mineral potential, which may attract further interest from investors and stakeholders [1]
International Tower Hill Mines Attractive Gold Resources Not Enough To Make Buy (NYSE:THM)
Seeking Alpha· 2025-11-23 04:33
Canadian development stage miner, International Tower Hill Mines Ltd. ( THM ) possesses a key asset, the Livengood Gold Project. With no revenues and years away from commercialization, investors do not have any cash flows to reward themAn economics graduate with a passion for financial history; I apply my knowledge to markets in an effort to hopelessly predict trends and spot value. All opinions are my own and should not be taken seriously.Analyst’s Disclosure:I/we have no stock, option or similar derivativ ...
TONGGUAN GOLD GROUP(00340.HK):CONTINUING TO EXPLORE AND INCREASE GOLD RESERVES STRONG MOMENTUM OF ORGANIC GROWTH AND EXTERNAL EXPANSION
Ge Long Hui· 2025-11-22 08:22
Core Viewpoint - Tongguan Gold Group is initiated with an OUTPERFORM rating and a target price of HK$3.52, driven by its strong gold exploration expertise and organic growth momentum [1] Investment Positives - The company has a total of 55.0 tons of gold reserves with an average ore grade of 8.26g/t, and expects gold sales volume to reach 2.8 tons in 2025 and 3.4 tons in 2026 [1] - Tongguan Gold's acquisition of Xi'an Hongshang is expected to reduce production costs through value chain consolidation [1] - Zijin Mining's acquisition of a 3.82% stake in Tongguan Gold for US$25 million indicates confidence in the company's asset quality and strategic direction [2] - The anticipated continuation of gold purchases by the People's Bank of China (PBoC) is expected to support gold price increases [3][4] Financials and Valuation - Forecasted EPS is HK$0.16 in 2025 and HK$0.23 in 2026, representing a CAGR of 121% from 2024 to 2026 [5] - The stock is currently trading at 17.3x 2025 estimated P/E and 11.6x 2026 estimated P/E, with a target price implying a 30% upside [5]
Valkea Cancels Non-Brokered Private Placement
Newsfile· 2025-11-22 00:30
Core Viewpoint - Valkea Resources Corp. has announced the cancellation of its previously planned non-brokered private placement under the Listed Issuer Financing exemption [1] Company Overview - Valkea Resources is focused on gold exploration in Finland's Central Lapland Greenstone Belt, with a strong portfolio of high-potential projects, including the flagship Paana project [2]
Amex Announces Grant of Stock Options and Restricted Share Units
Newsfile· 2025-11-21 22:30
Core Points - Amex Exploration Inc. has announced the grant of 3,250,000 incentive stock options and 2,026,000 restricted share units to directors, officers, employees, and consultants [1] - Each stock option is exercisable at a price of $2.85 per share for a period of five years, while the restricted share units will vest in three equal tranches over three years [2] Company Overview - Amex Exploration Inc. has made significant high-grade gold discoveries and has copper-rich volcanogenic massive sulphide zones at its 100%-owned Perron Gold Project, located approximately 110 kilometers north of Rouyn-Noranda, Quebec [4] - The Perron Gold Project consists of 117 contiguous claims covering an area of 45.18 square kilometers and hosts both bulk-tonnage and high-grade gold mineralization styles [4] - When combined with the adjacent Perron West Project, the total land package spans 197.52 square kilometers, which is favorable for high-grade gold and VMS mineralization [5] - The project benefits from excellent infrastructure, being accessible by a year-round road and located near an airport and several processing plants owned by major gold producers [6]