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NOVAGOLD Provides Update on Donlin Gold Infrastructure and Energy Supply With Initial Glenfarne Letter of Intent
Globenewswire· 2026-01-09 06:18
Core Viewpoint - NOVAGOLD Resources Inc. has signed a non-binding Letter of Intent with Glenfarne Alaska LNG for natural gas supply to the Donlin Gold project, which is expected to enhance the project's economic viability and operational efficiency [1][2][3]. Company Overview - NOVAGOLD is focused on developing the Donlin Gold project in Alaska, which is one of the largest and highest-grade undeveloped gold deposits globally, with approximately 39 million ounces of gold in the Measured and Indicated Mineral Resource categories [6][7]. Natural Gas Supply Agreement - The LOI outlines a potential natural gas sales agreement for up to 50 million cubic feet of natural gas per day, aimed at powering the proposed mine and optimizing logistics and costs [2][3]. - Glenfarne's experience in global energy solutions is expected to provide a long-term energy solution for the Donlin Gold project, potentially lowering energy costs for Alaskan consumers [3]. Pipeline Development - The proposed natural gas pipeline will extend 316 miles from an existing pipeline near Beluga, Alaska, to the Donlin Gold mine site, with key federal and state permits already issued [4]. - The Alaska Department of Natural Resources' issuance of the pipeline right-of-way lease has been upheld by the State of Alaska Supreme Court, facilitating the ongoing environmental review process [4]. Feasibility Study Progress - Donlin Gold is advancing the selection of a prime contractor for the Bankable Feasibility Study (BFS), with proposals received from leading engineering firms [5]. - A prime contractor is expected to be selected in the first quarter of 2026, with a detailed timeline and budget for the BFS to be established thereafter [5]. Mineral Resource and Reserve Estimates - The Donlin Gold project is estimated to produce over one million ounces of gold annually over a 27-year mine life once in production, with Proven and Probable Reserves of approximately 8 million tonnes grading 2.32 grams per tonne and 497 million tonnes grading 2.08 grams per tonne, respectively [7][11].
Fortitude Gold starts County Line mine operations, gets permits for Scarlet South
MINING.COM· 2026-01-09 00:29
Haul trucks deliver first mineralization to Isabella Pearl for processing. Image: Fortitude Gold. Fortitude Gold (OTCQB: FTCO) said on Wednesday it commenced operations at its County Line mine and made its first shipment of mineralization to its Isabella Pearl gold processing facility in Nevada. The Colorado-based company owns 100% interest in the Isabella Pearl mine located along a historic mining trend within the Walker Lane Mineral Belt. The property position covers approximately 9,000 acres. County Line ...
Torex Gold Delivers a Strong Close to an Exceptional 2025
TMX Newsfile· 2026-01-08 23:00
(All amounts expressed in U.S. dollars unless otherwise stated)Toronto, Ontario--(Newsfile Corp. - January 8, 2026) - Torex Gold Resources Inc. (the "Company" or "Torex") (TSX: TXG) (OTCQX: TORXF) reports fourth quarter 2025 gold equivalent ("AuEq") payable production of 115,066 ounces ("oz") and AuEq sold of 105,946 oz.1 On a full-year basis, payable production totalled 376,586 oz AuEq1 based on average market prices (390,079 oz AuEq at guidance metal prices of $2,500/oz gold ("Au"), $28/oz silver ("Ag"), ...
ARIS MINING EXPANDS HIGH-GRADE SEGOVIA RESERVE AND RESOURCE ESTIMATES
Prnewswire· 2026-01-08 22:18
Neil Woodyer, CEO of Aris Mining, commented "The updated Segovia reserve and resource estimates underscore the strength and durability of this exceptional high-grade asset. Compared to our prior estimates in 2024, measured and indicated resources increased by 7%, inferred resources grew by 12%, and proven and probable reserves increased by 12% or 160,000 ounces, net of mined depletion, reinforcing Segovia's long mine life and supporting higher production rates following the mill expansion. Segovia continues ...
Forty Pillars To Option Drill-Ready Golden Link Project In Newfoundland Gold Belt
Thenewswire· 2026-01-08 21:10
Vancouver, B.C. – Jan 8, 2026 ‐ TheNewswire - Forty Pillars Mining Corp. (CSE: PLLR) (the “Company” or “Forty Pillars”) is pleased to announce that it has entered into an agreement (the “Agreement”) giving it the right to acquire 100% of the Golden Link Project (the “Project” or “GLP”) located in the prolific Central Newfoundland Gold Belt.The Golden Link Project consists of two contiguous mineral licenses encompassing a total land area of ~36.25 km2 located approximately 21 km north of the town of Gander, ...
Northern Lights Resources Highlights Gold and Silver United States Portfolio
Thenewswire· 2026-01-08 21:05
Not for distribution to United States Newswire Services or for dissemination in the United States Vancouver, British Columbia - (January 8, 2026) – TheNewswire - Northern Lights Resources Corp. (“Northern Lights” or the “Company”) (CSE: NLR) (OTC: NLRCF), is pleased to provide an update on its United States Assets portfolio, highlighting a strategic royalty interest in Nevada and its 100%-owned flagship gold project in Arizona.Medicine Springs Project – 1% Net Smelter Return (NSR) RoyaltyNorthern Lights ho ...
US Gold Corp (USAU): Funding Round, Analyst Upgrade, and Exploration Momentum
Yahoo Finance· 2026-01-08 19:00
US Gold Corp (NASDAQ:USAU) is one of the best performing micro cap stocks in 2025. On December 23, US Gold Corp (NASDAQ:USAU) closed a private placement that netted it about $31.2 million in gross proceeds. The deal involved selling 1,922,159 shares of common stock at $16.25 each, along with warrants for 961,077 more shares at an exercise price of $23.00. The warrants can be used right away and last for two years. US Gold Corp (NASDAQ:USAU): Funding Round, Analyst Upgrade, and Exploration Momentum Photo ...
Corporate Update: Rockland Resources Advances Gold Strategy, Repositions Utah Beryllium Assets
Thenewswire· 2026-01-08 17:20
Core Viewpoint - Rockland Resources Ltd. is focusing its efforts on the Cole Gold Mines project in Red Lake, Ontario, while seeking partners for its beryllium projects in Utah [9]. Group 1: Cole Gold Mines Project - Rockland is engaging a driller to start drilling at its 100% owned Cole Gold Mines project in Red Lake, Ontario [2]. - The Cole Gold Mines property has over thirty gold-bearing veins and over one hundred visible gold counts recorded on the surface, with recent samples returning high grades of 111 g/t Au and 145 g/t Au [3]. - A 3D model of veins at the Cole Gold mine has been created, showing gold mineralization extending to a vertical depth of 320 meters, with a planned 2,500m drill program focusing on high-grade shoots [4]. - Historic drill hole 12 intersected 3.7 meters of high-grade gold mineralization, which will be a focus area for drilling [6]. - Mineralization is associated with shear-zone hosted quartz veins, with widths ranging from ten centimeters to two meters and strike lengths of up to 300 meters [7]. Group 2: Utah Beryllium Portfolio - Rockland is seeking earn-in partners for its beryllium projects, Claybank and Meteor, while deciding to no longer pursue the Beryllium Butte claims due to ineligibility for mining activities [8][9]. - The company expects to receive a refund of all yearly fees paid for the Beryllium Butte claims and the return of the bond posted [9]. Group 3: Company Strategy and Management - The CEO of Rockland Resources stated that focusing on the Cole Gold Mines project is in the best interest of shareholders due to its success and interest [9]. - Rockland Resources aims to unlock value through focused mineral exploration and discovery, leveraging geological expertise and strategic project development [12].
Granada Gold Mine Structural Interpretation Supports Additional Drill Targets
Thenewswire· 2026-01-08 15:10
Rouyn Noranda, Q.C. – TheNewswire - January 8, 2026 - Granada Gold Mine Inc. (TSXV: GGM) (OTC: GBBFF) (Frankfurt: B6D) (the "Company" or "Granada") is pleased to provide a structural interpretation provided by our geological consultants. Historically, the Granada Gold Mine was mined through two shafts with an average gold grade of 9.7 grams per tonne from veins 1 and 2 with 3 additional veins (#2a, #3, and #5) identified. The Company has completed 126,000 meters of drilling in 538 holes to date. With onl ...
Stakeholder Announces OTCQB Listing
TMX Newsfile· 2026-01-08 15:00
Toronto, Ontario--(Newsfile Corp. - January 8, 2026) - Stakeholder Gold Corp. (TSXV: SRC) (OTCQB: SKHRF) (WKN: A2QEP1) ("Stakeholder" or the "Company") is pleased to announce that the Company has received approval to trade on the OTCQB Venture Market (OTCQB) in the United States and that its common shares are now actively trading under the symbol SKHRF.The OTCQB Venture Market is recognized as a premier marketplace for early-stage and developing companies that meet high financial reporting standards and pr ...