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ESGold Unlocks District-Scale Discovery Potential at Montauban with Geological Structures Extending to 1,200m
Newsfile· 2025-07-11 12:30
Core Insights - ESGold Corp. has announced significant findings from its Ambient Noise Tomography (ANT) survey at the Montauban Gold-Silver Project, revealing a vertically continuous mineral system extending to 1,200 meters, which redefines the exploration model for the site [1][2][8] - The survey suggests that Montauban may represent a district-scale Volcanogenic Massive Sulphide (VMS) environment, indicating potential for multiple mineralized lenses rather than a singular deposit [2][5][11] Geological Findings - The ANT survey, originally intended to map structures to 400 meters, successfully imaged to depths of 1,200 meters, uncovering a complex geological system [2][5] - The results indicate a strong contrast between high-velocity basement rocks in the north and structurally complex southern domains, presenting multiple potential discovery targets [5][10] - The survey integrated over 950 historic drill holes and 2015 VTEM survey data, contributing to an advanced 3D geological model [5][8] Historical Context - Montauban has a history of shallow, high-grade production with over 2.6 million short tons mined, but its deeper potential has remained largely unexplored until now [6][15] - The region has seen minimal modern exploration, with most geological data derived from tailings and shallow boreholes, limiting understanding of the mineralization extent [13][20] Strategic Implications - ESGold is positioned to capitalize on both operational and geological momentum, with permits secured and infrastructure installation underway [18][24] - The dual-track strategy of cash flow from tailings reprocessing alongside modern exploration efforts is expected to drive long-term growth for the company [11][18]
McEwen (MUX) is on the Move, Here's Why the Trend Could be Sustainable
ZACKS· 2025-07-09 13:51
Core Viewpoint - The article emphasizes the importance of confirming the sustainability of stock trends for successful short-term investing, highlighting that price movements should be supported by strong fundamentals and positive earnings estimates [1][2]. Group 1: Stock Performance - McEwen Mining Inc. (MUX) has shown a solid price increase of 31% over the past 12 weeks, indicating strong investor interest [4]. - The stock has also increased by 15.9% in the last four weeks, suggesting that the upward trend is still intact [5]. - MUX is currently trading at 85.8% of its 52-week high-low range, indicating a potential breakout [5]. Group 2: Fundamental Strength - MUX holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [6]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [7]. Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for identifying stocks like MUX that are on an uptrend with strong fundamentals [3]. - The article suggests that investors should consider other stocks that meet similar criteria for potential investment opportunities [8].
Triumph Gold's Executive Chairman Discusses Utah Silver-Gold Acquisition and Exploration Strategy in New INN CEO Insights Interview
Newsfile· 2025-07-08 16:43
Core Insights - Triumph Gold has acquired the Coyote Knoll silver-gold project in Utah, aiming to diversify exploration efforts outside of Canada [1][2] - The acquisition is positioned to provide year-round operational capabilities, low dilution for shareholders, and proximity to major mining companies like Rio Tinto and Osisko Development [2][3] Company Strategy - The company emphasizes the strategic importance of operating in a mining-friendly jurisdiction like Utah, which allows for year-round work and access to high-grade silver [3] - Triumph Gold's portfolio includes other significant projects such as Freegold Mountain in Yukon and Andalusite Peak in British Columbia, indicating a broad exploration strategy across North America [3][6] Acquisition Details - The structure of the Coyote Knoll acquisition includes share issuance and milestone payments, which are designed to enhance shareholder value [6] - The ongoing strategic value of the Freegold Mountain project is highlighted, along with exploration potential at the underexplored Andalusite Peak copper-gold property [6]
Masivo Highlights Wide Historic High-Grade Results from Cerro Colorado and Announces Equity Raise
Newsfile· 2025-06-27 15:30
Core Insights - Masivo Silver Corp. reported historic high-grade results from the Cerro Colorado Gold-Silver Project in Sonora, Mexico, as it advances due diligence for a proposed acquisition [1][10] - The company announced a non-brokered private placement of up to $1,000,000 to fund exploration at both Cerro Colorado and the Boston Mine in Nevada [2][12] Historic Drill Highlights - Two drill holes from 2015 returned multiple broad, near-surface, high-grade polymetallic intercepts, indicating significant mineralization potential [3][10] - Key intercepts from Hole ETCC-15-01 include: - 29.65 m @ 50.74 g/t Ag, 0.607% Zn, 0.131% Pb, 0.053% Cu, 0.062 g/t Au [8] - Notable sub-intervals include: - 5.05 m @ 254 g/t Ag, 0.80% Zn, 0.365% Pb, 0.266% Cu, 0.262 g/t Au - 2.95 m @ 384 g/t Ag, 0.939% Zn, 0.544% Pb, 0.399% Cu, 0.395 g/t Au - 2.45 m @ 430 g/t Ag, 0.771% Zn, 0.444% Pb, 0.591% Cu, 0.432 g/t Au [8] - Key intercepts from Hole ETCC-15-04 include: - 35.80 m @ 23.44 g/t Ag, 0.406% Zn [8] - Notable sub-intervals include: - 3.15 m @ 159.06 g/t Ag, 0.513% Zn, 0.338% Pb, 0.141% Cu, 0.188 g/t Au - 0.60 m @ 577 g/t Ag, 0.907% Zn, 0.790% Pb, 0.516% Cu, 0.705 g/t Au [8] Geological Interpretation & Exploration Plans - The geological and geochemical signatures suggest that Cerro Colorado may host a sub-epithermal polymetallic system, potentially linked to breccia structures associated with a deeper porphyry system [9] - The company plans to apply modern exploration tools and initiate a focused drill campaign following the completion of due diligence [10] Private Placement Financing - The private placement will consist of units priced at $0.06 per unit, with gross proceeds of up to $1,000,000 [11] - Each unit will include one common share and one-half common share purchase warrant, allowing the holder to acquire one additional common share at an exercise price of $0.10 for 12 months [11] Use of Proceeds - Proceeds from the private placement will be allocated to exploration at the Cerro Colorado Project and the Boston Mine, as well as for general working capital [12]
Prime Announces Completion of June Warrant Exercise
Globenewswire· 2025-06-17 10:00
Core Viewpoint - Prime Mining Corp. has successfully exercised 97% of its $1.10 warrants, increasing its cash balance to approximately $33 million, which will support the advancement of the Los Reyes gold-silver project in Mexico [1][2]. Financial Position - The company's cash position is now approximately $32.9 million, enabling it to deliver a Preliminary Economic Assessment (PEA) in Q3 2025 and advance technical programs through the end of 2026 [2]. Exploration Plans - The company plans to continue its exploration efforts to identify new targets, expand existing resources, and conduct infill drilling, including geological mapping and geochemical sampling [3]. Drilling and Security Situation - Drilling was paused due to security concerns in Sinaloa, but the company expects to resume a minimum 40,000 meters of drilling within 12 months once conditions improve [4]. Project Activities - Planned activities for fiscal 2025 include extending high-grade mineralization in various areas, completing the PEA, and engaging with local communities through educational and infrastructure programs [6][8]. Resource Estimates - The Los Reyes project has a significant resource base, with over 49 million tonnes indicated at an average gold grade of 0.95 g/t and silver grade of 34.2 g/t, based on a $1,950/oz gold price and $25.24/oz silver price [9][10]. Historical Context - Historically, the Los Reyes area has produced an estimated 1 million ounces of gold and 60 million ounces of silver from previous operations between 1770 and 1990 [11]. Technical and QA/QC Procedures - The company employs rigorous QA/QC protocols for sampling and analysis, ensuring the integrity of its geological data and resource estimates [12][13][14].
HYCROFT ANNOUNCES PRICING AND UPSIZING OF PUBLIC OFFERING OF UNITS
Prnewswire· 2025-06-12 13:04
Core Viewpoint - Hycroft Mining Holding Corporation has announced an underwritten offering of 12,500,000 units at a price of $3.50 per unit, aiming to raise approximately $43.75 million for exploration and working capital [1][2]. Group 1: Offering Details - Each unit consists of one share of common stock and one-half of a common stock purchase warrant, with each whole warrant exercisable at $4.20 per share for 36 months [1]. - The offering is expected to close on June 13, 2025, subject to customary closing conditions [2]. - The underwriters have a 30-day option to purchase an additional 1,875,000 units at their discretion [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for further exploration, working capital, and general corporate purposes [2]. Group 3: Company Background - Hycroft Mining Holding Corporation is focused on developing the Hycroft Mine, one of the largest precious metals deposits in northern Nevada, transitioning to commercial operations for processing sulfide ore [5]. - The company is also engaged in a robust exploration drill program to expand high-grade silver systems and unlock the full potential of its assets [5].
Hycroft Announces Public Offering of Units
Prnewswire· 2025-06-11 20:23
Core Viewpoint - Hycroft Mining Holding Corporation is proposing a public underwritten offering of units for gross proceeds of approximately $40 million, which will consist of common stock and warrants [1][3]. Group 1: Offering Details - The offering will include units comprised of one share of common stock and one-half of a common stock purchase warrant, with each whole warrant exercisable for one share of common stock [1]. - The net proceeds from the offering will be utilized for further exploration, working capital, and general corporate purposes [2]. - The offering will be priced based on market conditions, with a 30-day option for underwriters to purchase an additional 15% of the base offering [3]. Group 2: Regulatory and Procedural Aspects - The offering is being conducted under an effective shelf registration statement filed with the U.S. Securities and Exchange Commission (SEC) [4]. - A preliminary prospectus supplement will be filed with the SEC, detailing the terms of the offering [4]. Group 3: Company Overview - Hycroft Mining Holding Corporation is focused on developing the Hycroft Mine, one of the largest precious metals deposits in northern Nevada, transitioning to commercial operations for processing sulfide ore [6]. - The company is engaged in exploration drilling to expand high-grade silver systems and unlock the full potential of its mining assets [6].
Triumph Gold Announces the Acquisition of the Coyote Knoll Silver-Gold Mineral Property - Located in Central Utah
Newsfile· 2025-06-04 08:00
Core Viewpoint - Triumph Gold Corp. has announced the acquisition of the Coyote Knoll Silver-Gold property in central Utah, which is expected to enhance its portfolio due to the property's high-grade mineralization and favorable geological features [1][4]. Acquisition Details - The acquisition cost is $150,000 USD along with the issuance of three million common shares over a period of three years, with an additional payment of three million dollars due before four years from the purchase date [2]. Geological and Mineralization Highlights - Coyote Knoll is located approximately 40 km southwest of the Tintic Mining District, known for its historical significance in mining [10]. - The property has demonstrated high-grade silver mineralization, with drilling results showing 1,350.36 g/t Ag and 3.86 g/t Au over 3.00 meters [6]. - Historical rock samples have returned values up to 6,730.00 g/t Ag and 23.30 g/t Au [6][16]. - Recent surface sampling confirmed mineralization with grab samples returning up to 795 g/t Ag and 1.58 g/t Au [6][20]. Exploration and Historical Context - Coyote Knoll was discovered in 1988, with extensive exploration activities including mapping, trenching, and drilling totaling approximately 2,606.96 meters across 33 drill holes [11]. - The geological setting exhibits similarities to the Tintic Mining District, with potential for both epithermal and carbonate replacement mineralization [19]. - The property has a history of production, including a 12-ton bulk sample in 2012 that returned an average grade of 43.60 oz/ton silver and 0.13 oz/ton gold [6][11]. Future Exploration Plans - The company plans to advance exploration at Coyote Knoll, leveraging the confirmed epithermal silver-gold mineralization and the potential for further discoveries [4].
Austral Gold Announces 2025 Annual General Meeting Results
Newsfile· 2025-05-29 13:58
Sydney, Australia--(Newsfile Corp. - May 29, 2025) - Established gold producer Austral Gold Limited (ASX: AGD) (TSXV: AGLD) (OTCQB: AGLDF) ("Austral" or the "Company") advises that shareholders of the Company passed all resolutions in the Notice of Meeting dated 28 April 2025 at the General Meeting held today at 9:00am (AEST) by way of poll.As previously announced to the market on 14 April 2025, the Board resolved to appoint BDO Audit Pty Ltd as the Company's auditor, subject to shareholder approval at the ...
IBN Initiates Coverage of Lahontan Gold Corp.
GlobeNewswire News Room· 2025-05-28 12:30
Core Insights - Lahontan Gold Corp. is advancing a portfolio of gold and silver assets in Nevada's Walker Lane, focusing on unlocking value from past-producing projects with a clear path to production [2][3] - The company aims to responsibly develop its oxide resources while maximizing economic returns and minimizing capital intensity [3] - Lahontan's flagship property, the Santa Fe Mine, has a significant historical production record and substantial indicated and inferred mineral resources [5] Company Overview - Lahontan Gold Corp. is a Canadian mine development and exploration company with four gold and silver properties in Nevada, three of which are 100%-owned [2][5] - The Santa Fe Mine project covers 26.4 km² and has produced 359,202 ounces of gold and 702,067 ounces of silver from 1988 to 1995 [5] - The company plans to advance the Santa Fe Mine project toward production and update its Preliminary Economic Assessment in 2025 [5] Strategic Partnerships - Lahontan has selected IBN to lead its corporate communications efforts, leveraging IBN's extensive distribution network to enhance investor awareness [1][4] - IBN has over 19 years of experience and a collective audience of millions, positioning it to effectively reach investors and the general public [5][7] - The partnership will utilize various outreach tools, including newsletters, social media, and wire services, to maximize impact [4][8]