VANCOUVER, British Columbia, Aug. 25, 2025 (GLOBE NEWSWIRE) -- Asante Gold Corporation (CSE: ASE | GSE: ASG | FRANKFURT:1A9 | OTCQX: ASGOF) (“Asante” or the “Company”) is pleased to announce that, further to its news release dated August 11, 2025 announcing the execution of definitive agreements relating to an approximately $500 million (“M”) financing package (the “Financing Package”), the Company has completed and received the net proceeds from a $125M second utilization under its $150M senior debt facili ...

Core Insights - Barrick Gold has staked land adjacent to the Celts Project, emphasizing the strategic importance of the area [1] - Eminent Gold is focused on advancing the Celts Project, which is now recognized as a high-potential asset within its Nevada portfolio [2] - The company holds three 100%-owned, drill-ready projects in Nevada, with Celts being a priority target due to its geological similarities to other successful gold systems [2][3] Company Strategy - Eminent Gold aims to maintain majority ownership across its portfolio, positioning itself in a region with world-class gold systems [1] - The company is preparing to resume drilling at its flagship project, Hot Springs Range, and plans to explore multiple discovery-driven projects in Nevada [4] Project Highlights - Celts Project is characterized by geological features indicative of high-sulfidation epithermal systems, with surface samples showing up to 33 grams per tonne (g/t) gold [7] - Recent Induced Polarization surveys have identified a northeast-trending structure beneath the steam cap, suggesting potential for mineralization [7] - The company has completed a final payment under a Purchase Agreement with Orogen Royalties Inc. and Altius Resources Inc., issuing shares valued at US$325,000 [7]

Core Viewpoint - Great Pacific Gold Corp. has expanded its Phase 1 diamond drill program at the Wild Dog Project from 2,500 meters to 5,000 meters due to successful initial results and the identification of new geophysical targets [1][6]. Group 1: Drilling Program Details - The Phase 1 program began in May 2025 and aims to test high-priority targets over a 1.5 km strike length within the Wild Dog epithermal vein structural corridor [2]. - The expanded program now includes 28 diamond drill holes and is expected to continue into early 2026, with drilling having only tested a small portion of the mineralized corridor [3]. - The final hole in the Sinivit program is designed as a major step-out to the north towards Kavasuki, targeting an area with no historical data but strong geophysical continuity [5]. Group 2: High-Grade Intercepts - Significant high-grade intercepts have been reported, including: - WDG-02: 7.0 meters at 11.2 g/t AuEq from 65 meters - WDG-04: 6.0 meters at 8.6 g/t AuEq from 62 meters - WDG-06: 3.5 meters at 13.1 g/t AuEq from 12 meters - WDG-07: 10.0 meters at 4.0 g/t AuEq from 153 meters [6][9][10]. Group 3: Future Plans and Surveys - The company has initiated a high-precision airborne LiDAR and large-format imagery survey across the Wild Dog district, covering approximately 200 km², to enhance geological mapping and drill collar definition [11][12]. - The survey is set to commence in August 2025, with processed datasets to inform Phase 2 drill planning and regional target generation [12]. Group 4: Project Overview - The Wild Dog Project is the flagship project of Great Pacific Gold, located in the East New Britain province of Papua New Guinea, featuring a large-scale epithermal target with a structural corridor extending 15 km in strike length and potentially over 1,000 meters deep [19]. - The company also holds other exploration-stage projects in Papua New Guinea, including the Kesar and Arau Projects, which have shown promising results in initial exploration activities [19].

Kenorland Reports High-Grade Intercept of 26.33 g/t Au over 12.15m on R6 Vein Set at Frotet Project, Quebec and Initiation of a Mineral Resource EstimateAugust 25, 2025 7:30 AM EDT | Source: Kenorland Minerals Ltd.Vancouver, British Columbia--(Newsfile Corp. - August 25, 2025) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("Kenorland" or the "Company") is pleased to announce the remaining results from the 2025 winter drill program at the Frotet Project (the "Project"), locat ...

AbraSilver Extends Gold Zone at Diablillos Project with Additional Broad Intercepts at Oculto EastLatest Results Include 60 m at 1.05 g/t Gold Including 17 m at 2.83 g/t GoldAugust 25, 2025 7:30 AM EDT | Source: AbraSilver Resource Corp.Toronto, Ontario--(Newsfile Corp. - August 25, 2025) - AbraSilver Resource Corp. (TSX: ABRA) (OTCQX: ABBRF) ("AbraSilver" or the "Company") is pleased to announce assay results from three new drill holes from the ongoing Phase V exploration program at its wholl ...

First-ever drilling at Shepherd's Hill and Welcome Reef – historically producing goldfields worked only by artisanal miners in the past.Welcome Reef legacy: Produced 9,000+ oz @ 25 g/t Au1, with widths and grades improving at depth – Golden Cross plans to drill beneath where artisanal miners previously explored.Historic wealth creation: Legendary prospector Louis Ah Mouy's success at Welcome Reef helped establish Westpac Bank, now Australia's oldest and one of its largest banks.Vancouver, British Columbia- ...

Scorpio Gold Drills 1.24 Grams per Tonne Gold over 92.81 Metres at the Manhattan District, NevadaAugust 25, 2025 6:00 AM EDT | Source: Scorpio Gold CorpHighlightsHole 25MN-011 returned:1.24 grams per metric tonne ("g/t") Au over 92.81 metres ("m"), including 19.01 g/t Au over 3.05 m.1.79 g/t Au over 11.89 m, including 3.96 g/t Au over 4.06 m.1.50 g/t Au over 25.15 m, including 3.62 g/t Au over 9.60 m.Vancouver, British Columbia--(Newsfile Corp. - August 25, 2025) - Scorpio Gold Corp. (TSXV: SG ...

Core Viewpoint - QcX Gold Corp. is initiating a non-brokered private placement financing to raise up to $750,000 through the issuance of units priced at $0.10 each, aimed at funding exploration and general working capital [1][3]. Financing Details - The private placement will consist of up to 7,500,000 units, each unit comprising one common share and one warrant [1][2]. - Each warrant allows the holder to purchase one common share at a price of $0.15 for a period of 24 months from issuance [2]. Use of Proceeds - The net proceeds from the offering will be allocated for continued exploration and evaluation of the Golden Giant and Fernet properties, as well as for general working capital [3]. Regulatory Compliance - The closing of the offering is contingent upon receiving all necessary corporate and regulatory approvals, including from the TSX Venture Exchange [3]. Company Overview - QcX Gold is focused on gold and VMS style mineralization exploration in Québec, Canada, with significant projects located near major discoveries [5]. - The Golden Giant Project is situated 2.9 km from Azimut Exploration Inc.'s Patwon discovery, while the Fernet Project is adjacent to Wallbridge Mining Company's Fenelon/Martinière property [5].

Financial Data and Key Metrics Changes - The company reported a 24% increase in gold production compared to the same period last year, leading to a 256% improvement in cash flow from operations [7][27] - Adjusted free cash flow reached $952 million, a significant turnaround from an outflow of $58 million in the prior period [28] - The all-in cost decreased by $100 from $2,060 per ounce to $1,957 per ounce, despite an increase in operating costs [12][27] Business Line Data and Key Metrics Changes - Salares Norte showed a 46% improvement quarter on quarter, with commercial production expected in Q3 and steady state planned for Q4 [7][19] - South Deep experienced a 31% improvement in attributable production half on half, driven by improved underground mining and stope turnover [13] - St. Ives saw a 33% improvement in attributable production due to enhanced open pit volumes and grades [14] Market Data and Key Metrics Changes - The company benefited from a 40% increase in realized gold prices, which significantly contributed to the improved financial performance [7][27] - The company generated $2.1 billion from operations before taxes, with $463 million paid in taxes to various governments [28] Company Strategy and Development Direction - The company's strategy focuses on delivering safe, reliable, and cost-effective operations while enhancing the quality of its portfolio through exploration and M&A activities [2][3] - The company aims to grow cash flow per share, allowing for a balance between returning funds to shareholders and investing in business growth [3][5] - The acquisition of Gold Road is expected to enhance the company's growth prospects and consolidate ownership of Gruyere [39][40] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving production and cost guidance for 2025, despite slightly elevated unit costs in H1 [4][8] - The company is focused on improving safety performance and cultural changes within the organization [6][45] - Management anticipates continued strong performance in the second half of the year, driven by ongoing operational improvements and strategic investments [46] Other Important Information - The company declared an interim dividend of $0.70 per share, a 133% increase from the equivalent period last year [5][27] - Significant progress has been made in ESG commitments, including a 14% reduction in carbon emissions since 2016 and improvements in gender diversity [9][10] Q&A Session Summary Question: How does the company approach building and sustaining leadership strength? - The company has invested heavily in leadership development and has made organizational changes to enhance culture and capability [49][50] Question: What are the expectations for grade and recoveries at Salares Norte in the second half? - Management indicated that improvements in recovery rates are expected due to the commissioning of a larger capacity furnace, with a target to align with long-term grade profiles [56][58][59] Question: What is the status of the Gold Road acquisition and the Northern Star share position? - The value of the offer for Gold Road will float with Northern Star's share price, and the company plans to offload the position to avoid unnecessary risk [61][64] Question: What is the company's position on capital expenditure and the CapEx cycle? - The company is prioritizing capital allocation to ensure the most value-accretive options are pursued while balancing investments, debt reduction, and shareholder returns [67][68] Question: What updates can be provided on the Windfall project and permitting? - The company is on track with the EIA process and expects to go to public consultation in October, aiming for approval in 2026 [98]

Financial Data and Key Metrics Changes - The company reported a 24% improvement in gold production compared to the same period last year, leading to a 256% improvement in cash flow from operations [7][27] - Adjusted free cash flow reached $952 million, a significant increase from an outflow of $58 million in the prior period [28] - The interim dividend was announced at $0.70 per share, representing a 133% increase from the equivalent period last year [5][27] Business Line Data and Key Metrics Changes - Salares Norte showed a 46% improvement quarter on quarter, with commercial production expected in Q3 and steady state planned for Q4 [7][19] - South Deep experienced a 31% improvement in attributable production half on half, driven by improved underground mining and stope turnover [14] - St. Ives saw a 33% improvement in attributable production due to enhanced open pit volumes and grades [15] Market Data and Key Metrics Changes - The company benefited from a 40% increase in realized gold prices, which significantly contributed to the overall financial performance [7][27] - The all-in cost decreased from $2,060 per ounce to $1,957 per ounce, attributed to strong production and operational efficiencies [12] Company Strategy and Development Direction - The company's strategy focuses on safe, reliable, and cost-effective operations while enhancing the quality of its portfolio through exploration and M&A activities [2][3] - The acquisition of Gold Road is expected to conclude in October, consolidating ownership of Gruyere and enhancing growth prospects [5][39] - The company is committed to improving its ESG commitments, including gender diversity and decarbonization efforts [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving production and cost guidance for 2025, with ongoing improvements in safety performance [4][43] - The company is focused on delivering predictable results and improving safety culture while ramping up production at Salares Norte [43][44] - Future capital allocation will prioritize investments that enhance long-term value while maintaining returns to shareholders [67] Other Important Information - The company has made significant progress in its ESG initiatives, including a 14% reduction in carbon emissions since 2016 [9] - The company is actively exploring brownfield and greenfield opportunities to extend the life of its assets and enhance portfolio quality [35][41] Q&A Session Summary Question: How does the company approach building and sustaining leadership strength? - The company has invested heavily in leadership development and has made organizational changes to enhance its culture and capability [47][48] Question: What is the outlook for Salares Norte's grade and recoveries in the second half? - The company has implemented a larger capacity furnace to improve recoveries and aims to align processing with long-term grade profiles [55][56] Question: What is the status of the Gold Road acquisition and Northern Star share position? - The value of the offer for Gold Road will float with Northern Star's share price, and the company plans to manage this position carefully [60][62] Question: What is the expected CapEx for Salares Norte and other projects? - Salares Norte's CapEx is expected to decrease significantly in the second half, with adjustments made to group capital guidance to reflect this [85][86] Question: What is the status of the Windfall project and permitting process? - The company is on track with the EIA process and expects to go to public consultation in October, aiming for approval in 2026 [96]