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Sixty North Gold Announces Mine Development Update
Newsfile· 2025-08-25 14:08
Core Viewpoint - Sixty North Gold Mining Ltd. is progressing towards operational readiness at the Mon Gold Mine, focusing on financing, development, and production plans while managing costs and operational strategies [1][10]. Expenditures - The company has invested a total of $6.2 million in the development of the Mon Gold Mine since 2017 [1]. - Direct operating costs during 2024 mining operations were $10,000 per day, equating to $143 per tonne of rock extracted [3]. Development - A total of 226 meters of development has been completed, accessing the A-Zone quartz veins, which historically yielded 15,000 tonnes of ore at a grade of 30 grams per tonne [2]. - The company plans to recover approximately 20,000 tonnes of the A-Zone vein using a mechanized rescue method to maximize extraction [5]. Plans - In 2026, the company plans to subdrift on both limbs of the A-Zone for a total of 137 meters, with extraction planned in four stopes [4]. - A 100 tonnes per day mill has been sourced for installation in spring 2026, with capital costs estimated at $1 million [6]. Labor and Operational Costs - Full production will require an increase in labor costs by 50% to around $15,000 per day, with consumables costs rising to nearly $5,000 per day [7]. Historical Context - The Mon Gold Mine previously extracted 15,000 ounces of gold from 15,000 tonnes of ore in the 1990s without a feasibility study [10].
Sirios Files Cheechoo Gold Project MRE Report on SEDAR: 1.3 Moz Indicated at 1.12 g/t Au, 1.7 Moz Inferred at 1.23 g/t Au
Newsfile· 2025-08-25 13:00
Sirios Files Cheechoo Gold Project MRE Report on SEDAR: 1.3 Moz Indicated at 1.12 g/t Au, 1.7 Moz Inferred at 1.23 g/t AuAugust 25, 2025 9:00 AM EDT | Source: Sirios Resources Inc.Montréal, Québec--(Newsfile Corp. - August 25, 2025) - Sirios Resources Inc. (TSXV: SOI) (OTCQB: SIREF) ("Sirios") is pleased to announce that it has filed on SEDAR the "Technical Report on the Cheechoo Project with an Updated Mineral Resource Estimate for the Cheechoo Gold Deposit, Eeyou Istchee James Bay, Quebec, C ...
Japan Gold Announces Closing of Upsized Private Placement
Newsfile· 2025-08-25 12:30
Core Viewpoint - Japan Gold Corp. successfully closed an oversubscribed non-brokered private placement financing, raising gross proceeds of C$2,067,600 to support its initiatives in Japan's resource-rich regions [1][3]. Financing Details - The Company issued a total of 25,845,000 common shares at a price of C$0.08 per share, with a significant portion (17,182,500 shares for C$1,374,600) sold to Equinox Partners Investment Management LLC, a strategic investor and major shareholder [2][3]. - The net proceeds will be allocated for general and administrative expenses, marketing, and advertising [3]. Shareholder Information - As of the closing date, Equinox holds approximately 30% of the issued and outstanding common shares of the Company, totaling 90,133,518 shares [5]. - Equinox's participation in the Offering is classified as a "related party transaction," and the Company will rely on exemptions from formal valuation and minority shareholder approval requirements [6]. Company Overview - Japan Gold Corp. is focused on exploring high-grade epithermal gold deposits across Japan, holding a significant portfolio of tenements in stable and underexplored regions [8]. - The Company has an alliance with Barrick Mining Corporation to explore and develop gold mineral properties in Japan [8].
Asante Announces Receipt of $125M Senior Debt Second Utilization and Completion of $500M Financing Package
Globenewswire· 2025-08-25 12:00
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 ...
Eminent Completes Final Celts Payment - Strengthens Strategic Position in Nevada
Prnewswire· 2025-08-25 11:35
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]
GPAC Expands Wild Dog Drill Program to 5,000m and Initiates LiDAR Survey
Newsfile· 2025-08-25 11:30
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 Estimate
Newsfile· 2025-08-25 11:30
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 East
Newsfile· 2025-08-25 11:30
Core Viewpoint - AbraSilver Resource Corp. has announced significant assay results from its ongoing Phase V exploration program at the Diablillos project in Argentina, indicating an expansion of the gold-bearing zone at Oculto East, which is a key focus area for the company [1][2]. Summary by Sections Drill Results - The latest drill holes have confirmed the continuity of mineralization beyond the current Mineral Resource outline, with notable intercepts including: - DDH 25-060A: 60.0 m at 1.05 g/t gold, including 17.0 m at 2.83 g/t gold [5][8]. - DDH 25-067: 16.0 m at 1.74 g/t gold and 17.3 g/t silver [5][9]. - DDH 25-068: 21.0 m at 1.51 g/t gold and 49.5 g/t silver, followed by 64.0 m at 0.54 g/t gold and 19.8 g/t silver [5][11]. Exploration Program - The ongoing 20,000-metre Phase V drill program is progressing well, with three active rigs focusing on extending the gold zone at Oculto East beyond the existing Mineral Resource boundary [13]. - The results received so far indicate a broad zone of gold-dominant mineralization extending at least 200 metres east of the current open pit boundary, highlighting strong potential for further Mineral Resource expansion [13]. Project Overview - The Diablillos property is located in the Puna region of Argentina and comprises 15 contiguous mineral concessions acquired by AbraSilver in 2016 [17]. - The current Measured and Indicated Mineral Resource estimate for Diablillos consists of 73.1 million tonnes grading 79 g/t silver and 0.66 g/t gold, containing approximately 186 million ounces of silver and 1.6 million ounces of gold [25]. Management Commentary - The President and CEO, John Miniotis, expressed encouragement regarding the drilling results, which demonstrate the continuity of mineralization and strengthen confidence in the growth potential at Diablillos [7]. - Chief Geologist, Dave O'Connor, noted that the latest intercepts indicate that gold mineralization extends further east than previously modeled, emphasizing the focus on determining the full size and continuity of the expanding higher-grade gold zone [7].
Golden Cross Resources Launches First-Ever Drilling at Shepherd's Hill and Welcome Reef Gold Prospects
Newsfile· 2025-08-25 11:00
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, Nevada
Newsfile· 2025-08-25 10:00
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 ...