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Sitka Drills 156.9 Metres of 1.00 g/t Gold, Including 94.0 Metres of 1.41 g/t Gold and 38.0 Metres of 2.03 g/t Gold, Significantly Expanding Known Mineralization at the Rhosgobel Discovery, RC Gold Project, Yukon
TMX Newsfile· 2026-01-06 13:30
Core Insights - Sitka Gold Corp. has reported strong gold results from diamond drilling at the Rhosgobel discovery within its RC Gold Project, significantly expanding the known mineralized zone [1][3][20] - The drilling results indicate a large zone of higher-grade gold mineralization, with visible gold observed in sheeted quartz veins across a strike length of 1.1 km [2][3][20] - The company plans to continue its drilling efforts with up to 60,000 meters of fully-funded drilling planned for the year, focusing on expanding known deposits and discovering new ones [3][20] Summary by Category Drilling Results - Analytical results from drill holes DDRCRG-25-018 to DDRCRG-25-028 have shown significant gold intercepts, including 156.9 m of 1.00 g/t gold in DDRCRG-25-027 and 146.7 m of 1.05 g/t gold in DDRCRG-25-024 [1][2][3] - The mineralized zone at Rhosgobel begins at surface and remains open in all directions, with drilling confirming gold mineralization over a strike length of approximately 975 m [2][20] Mineralization Characteristics - The mineralization is typical of Reduced-Intrusion Related Gold Systems (RIRGS), consisting of sheeted quartz veining, and has been observed to a depth of over 400 meters [1][20] - Tungsten mineralization has also been noted at Rhosgobel, suggesting potential economic by-products from future production [20] Future Plans - Sitka Gold Corp. is preparing to release results from an additional 15 drill holes and has outlined plans for extensive drilling across the RC Gold Project, which includes multiple high-priority targets [3][20] - The company is well-funded with over $45 million in treasury and no debt, positioning it to advance its exploration efforts effectively [48]
Eminent Intercepts 9.2m @ 3.2 g/t Au and Appoints Dan McCoy as President and CEO
Prnewswire· 2026-01-06 12:30
Core Insights - The latest intercept indicates that HSRP is developing as a Carlin-type gold trend, similar to the Getchell Trend, known for high-grade gold deposits [1] - The company has appointed Dan McCoy, Ph.D., as President and CEO, who has extensive experience in gold exploration and development [2] - The fourth hole (HSC005) has shown significant high-grade oxide gold mineralization, marking a breakthrough for the project [3] Exploration and Drilling Results - HSC005 intersected 9.2 meters of gold mineralization at an average grade of 3.2 g/t, with higher grades of 5.4 g/t over 0.9 meters [4] - The geological interpretation of HSC005 reveals it penetrated the Little Humboldt fault, encountering intense hydrothermal alteration [5] - All four completed core holes have intersected oxide-hosted gold mineralization, supporting the potential of the 10 km structural corridor [8] Geological and Alteration Insights - The alteration process involved two main stages: ductile deformation and brittle events associated with gold mineralization [6] - The presence of significant alteration in the footwall of the Little Humboldt fault indicates a robust hydrothermal fluid system [7] Future Plans - The company plans to transition to faster, lower-cost reverse-circulation drilling in 2026 to explore open targets at the Otis prospect and other high-priority targets [8] - The geological model has been validated, allowing for more aggressive exploration strategies moving forward [8] Company Overview - Eminent Gold is focused on gold exploration in Nevada, aiming to create shareholder value through the discovery of world-class gold deposits [12]
Centerra Gold Provides Notice of Fourth Quarter 2025 Results and Conference Call
Globenewswire· 2026-01-06 12:30
Core Insights - Centerra Gold Inc. will release its fourth quarter 2025 operating and financial results, along with 2026 guidance and 2025 year-end estimates for mineral reserves and resources, after market close on February 19, 2026 [1] - A conference call and webcast to discuss the results will take place on February 20, 2026, at 9:00 a.m. Eastern Time [1] Company Overview - Centerra Gold Inc. is a Canadian-based gold mining company focused on operating, developing, exploring, and acquiring gold and copper properties in North America, Türkiye, and other global markets [3] - The company operates two mines: the Mount Milligan Mine in British Columbia, Canada, and the Öksüt Mine in Türkiye [3] - Centerra also owns the Kemess Project in British Columbia, the Goldfield Project in Nevada, and operates a Molybdenum Business Unit in the United States and Canada [3] - The company's shares are traded on the Toronto Stock Exchange (TSX) under the symbol CG and on the New York Stock Exchange (NYSE) under the symbol CGAU [3]
Onyx Gold Discovers New High-Grade Vein Zone at the C Zone, Munro-Croesus Project
TMX Newsfile· 2026-01-06 12:00
Core Insights - Onyx Gold Corp. has reported new surface assay results from its Munro-Croesus Project, indicating significant potential for high-grade gold discoveries [1][2][3] Group 1: Project Overview - The Munro-Croesus Project is located 75 km east of Timmins, Ontario, and encompasses a large land package that includes the historic Croesus Gold Mine [1][21] - The project covers 109 km² of highly prospective geology within a major gold-bearing structural area, enhancing its exploration potential [21][22] Group 2: C Zone Discovery - The C Zone, a new high-grade gold target, has returned assay results of up to 124 grams per tonne gold over 0.62 meters, highlighting its potential for further exploration [2][5][7] - The C Zone is characterized by quartz vein and stockwork mineralization within a broader zone of alteration, indicating a significant new target for follow-up drilling [6][7][12] Group 3: Exploration Strategy - The company is implementing modern geological techniques to systematically explore historically underexplored areas of the Munro-Croesus Project, which were previously evaluated sporadically [5][3] - A fully funded 75,000-meter drill program is underway, aimed at advancing discoveries and testing high-impact regional targets, including the C Zone [5][20][18] Group 4: Financial Position - Onyx Gold Corp. has approximately $30 million in treasury, positioning the company well to continue its exploration efforts and advance its projects [5][20]
OTC Markets Group Welcomes Maple Gold Mines Ltd. to OTCQX
Globenewswire· 2026-01-06 12:00
NEW YORK, Jan. 06, 2026 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Maple Gold Mines Ltd. (TSX-V: MGM; OTCQX: MGMLF), a Canadian gold exploration company, has qualified to trade on the OTCQX® Best Market. Maple Gold Mines Ltd. upgraded to OTCQX from the OTCQB® Venture Market. Maple Gold Mines Ltd. begins trading today on OTCQX under the symbol “MGMLF.” U.S. investors can find current financial d ...
Toogood Gold Completes Phase 2 Fieldwork at Toogood Gold Project, Newfoundland
TMX Newsfile· 2026-01-06 12:00
Core Viewpoint - Toogood Gold Corp. has completed its Phase 2 fieldwork program at the Toogood Gold Project, aiming to expand its discovery footprint and prepare for future drilling activities in 2026 [1][3]. Phase 2 Fieldwork - The Phase 2 exploration campaign included geological mapping, structural analysis, soil geochemistry, and rock sampling across high-priority areas [4][5]. - Key components of the program involved: 1. Detailed geological mapping at the Golden Nugget Property, which has a high-grade outcrop trend of 8.5 kilometers with historical rock samples averaging approximately 7 g/t Au [6][7]. 2. Systematic soil sampling in the underexplored northeastern block to identify new anomalies and delineate a 1-km-long soil anomaly from Phase 1 [6][7]. 3. Ground-truthing of geophysical targets from the 2025 Deep Ground Penetrating Radar survey at the Quinlan Zone [6][7]. Management Commentary - The CEO of Toogood Gold Corp. emphasized the successful 2025 exploration season and the potential for multiple near-term catalysts as the company builds momentum into 2026 [3]. Project Overview - Toogood Gold Corp. holds a 100% interest in the Toogood Gold Project, which spans 164 km² in Newfoundland, a region known for high-grade gold discoveries [17]. - The project benefits from excellent infrastructure, including paved highway access and proximity to deep water ports, facilitating efficient exploration and development [19]. Historical Context - The inaugural drill program in 2022 resulted in a high-grade gold discovery, with visible gold found in 15 of 19 holes, and follow-up drilling in 2025 confirmed open-ended mineralization [18].
Mako Mining Intersects 18.34 g/t Au over 4.2 m Estimated True Width, 48 m Below Surface, Extending El Golfo Strike Length to 630 m and Announces Receipt of Underground Mining Permit at Las Conchitas
Accessnewswire· 2026-01-06 11:45
VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / January 6, 2026 / Mako Mining Corp. (TSXV:MKO)(OTCQX:MAKOF) ("Mako" or the "Company") is pleased to report additional results from the 2025 reverse circulation ("RC") and diamond drill program at the El Golfo area, located immediately south of the Company's 100%-owned Las Conchitas and San Albino gold deposits and mining operations in Nicaragua (Figure 1).In 2025, the Company completed 137 drill holes totalling 17,885 m. The objective of the most recent dri ...
Radisson Announces Additional High-Grade Drill Results and Further Extends New Mineralization Beneath the Historic O'Brien Gold Mine
TMX Newsfile· 2026-01-06 11:30
Core Insights - Radisson Mining Resources Inc. announced assay results from six new drill holes at its 100%-owned O'Brien Gold Project, indicating continued high-grade gold mineralization beneath the historic mine [1][2][3] - The ongoing drill program, which aims to explore a total of 140,000 metres, has achieved an 82% success rate, with 61 out of 74 completed holes intersecting mineralization consistent with existing resources [2][3] - The latest results include significant gold intercepts, such as 90.60 grams per tonne (g/t) over 1.0 metre and 30.59 g/t over 3.0 metres, showcasing the potential for further resource expansion [3][6][7] Company Overview - Radisson Mining is focused on the O'Brien Gold Project located in the Bousquet-Cadillac mining camp along the Larder-Lake-Cadillac Break in Abitibi, Québec [22] - The project has indicated mineral resources estimated at 0.58 million ounces at 8.2 g/t Au and inferred resources of 0.93 million ounces at 4.4 g/t Au [22] Drill Program Details - The current drill program includes deep step-out drilling beneath the historic O'Brien mine, with pilot holes followed by wedges to maximize efficiency [13][14] - The program has delineated up to six gold-bearing veins over an area of approximately 250 metres by 500 metres, with further drilling planned to explore down to 2 kilometres depth [14][19] Assay Results Highlights - Significant assay results from the new drill holes include: - OB-25-337W13: 90.60 g/t Au over 1.0 metre, averaging 30.59 g/t Au over 3.0 metres [3][6] - OB-25-337W12: 25.10 g/t Au over 1.5 metres and 14.20 g/t Au over 1.5 metres [3][6] - OB-25-322W2: 3.11 g/t Au over 8.0 metres, including 5.93 g/t Au over 1.5 metres [3][6] Future Plans - The company plans to operate seven drill rigs on-site, with an eighth rig being added, and has completed twelve additional step-out drill holes awaiting assays [2][19] - Future drilling will focus on areas identified as having significant potential for resource delineation, particularly in the gap between mineralizing trends [19]
Aura Announces Receipt of the Construction License and Commencement of Early Works at the Era Dorada Project
Globenewswire· 2026-01-06 11:10
Core Viewpoint - Aura Minerals Inc. has received the construction license for the Era Dorada Project and has commenced early works, marking a significant milestone in the project's development [1][3]. Group 1: Project Development - The early works include environmental programs, controlled vegetal suppression, road detours, internal road access opening, mine dewatering, and preparation of platforms for equipment and temporary facilities [2]. - The Era Dorada Project is located in Jutiapa, Guatemala, approximately 160 km from Guatemala City and 9 km from the El Salvador border, covering an area of 15.25 km [5]. - The project site is accessible year-round via the Pan-American Highway and is situated in a tropical dry forest climate with elevations between 450–560 meters above sea level [6]. Group 2: Community Engagement - The company has engaged in over 853 hours of dialogue with local communities to ensure transparency and inclusion, demonstrating its commitment to responsible mining and positive community impacts [4]. Group 3: Company Overview - Aura Minerals focuses on the development and operation of gold and base metal projects in the Americas, with operating assets including mines in Honduras, Brazil, and Mexico, as well as the Era Dorada project in Guatemala [9].
McEwen Inc. and Canadian Gold Corp. Announce Closing of Arrangement
Globenewswire· 2026-01-06 11:00
Core Viewpoint - McEwen Inc. and Canadian Gold Corp. have successfully completed a business combination, enhancing McEwen's position in the gold mining sector and providing Canadian Gold shareholders with McEwen shares as part of the arrangement [1][2]. Business Combination Details - The business combination was approved by Canadian Gold shareholders on December 5, 2025, and received final court approval on December 10, 2025 [1]. - The arrangement became effective on January 5, 2026, with Canadian Gold shareholders receiving 0.0225 McEwen shares for each Canadian Gold share held [2]. Delisting and Reporting Changes - Canadian Gold shares are set to be delisted from the TSX Venture Exchange after market close on January 7, 2026, and the company will apply to cease being a reporting issuer [3]. Management Statements - Rob McEwen, Chairman and Chief Owner, expressed optimism about the exploration and development potential of the Tartan project, aiming to enhance shareholder value through accelerated exploration and mine planning [4]. Amending Agreement - An amending agreement was established to address New York Stock Exchange requirements, allowing Rob McEwen to exchange his Canadian Gold shares for subscription receipts instead of McEwen shares [5][6]. - The amendments specifically apply to Mr. McEwen and do not alter the consideration for other Canadian Gold shareholders [7]. Shareholder Information - Canadian Gold shareholders must deposit their share certificates to receive McEwen shares, with instructions provided in the information circular dated October 30, 2025 [9][10]. Company Overview - McEwen operates in the Americas, focusing on gold and silver production, and has a significant interest in the Los Azules copper development project in Argentina, valued at approximately US$456 million [12][13]. - The Los Azules project aims to be a regenerative copper mine and achieve carbon neutrality by 2038 [14].