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Azimut Resumes Drilling to Expand the Antimony-Gold Zone on the Wabamisk Property, James Bay Region, Québec, Canada
Globenewswire· 2025-07-09 10:30
Core Viewpoint - Azimut Exploration Inc. is advancing its systematic diamond drilling program to delineate the Fortin antimony-gold Zone on its Wabamisk Property in Québec, Canada, following promising previous results and aiming to enhance the understanding of the mineralization potential in the area [1][2][3]. Company Summary - Azimut Exploration Inc. is a leading mineral exploration company with a strong reputation for target generation and partnership development, holding the largest mineral exploration portfolio in Québec [18]. - The Wabamisk Property is a wholly owned project covering 662 claims over an area of 350.5 km², strategically located near other significant mineral deposits and infrastructure [11]. - The company is also advancing other projects, including the Elmer Gold Project, which has indicated and inferred resources of 311,200 ounces and 513,900 ounces of gold, respectively [19]. Drilling Program Details - The current drilling program aims to define the Fortin Zone over a 1.5-kilometre strike and down to 200 metres vertically, with a minimum of 5,000 metres planned for completion by August [6]. - A second phase of 5,000 metres will follow to infill and expand the mineralized zone, focusing on high-grade gold potential at depth [6]. - Preliminary results from channel sampling have shown significant antimony and gold grades, with peak values of 36.5 g/t Au and 13.4% Sb [5][6]. Mineralization Insights - The Fortin Zone is characterized by a multi-kilometre-long antimony-gold-bearing feldspar porphyry sill hosted in sheared metasediments, with continuity of antimony mineralization confirmed over a strike length of at least 1.5 kilometres [2][3]. - The mineralized system is primarily hosted in an east-west striking, subvertical feldspar porphyry intrusive sill, with antimony-rich systems being unusual in the Archean settings of Québec [13]. Market Context - The price of antimony has surged to US$60,000 per tonne due to supply shortages, with China accounting for 60% of global production, highlighting the strategic importance of antimony as a critical mineral [10]. - The ongoing supply constraints and trade disputes have increased the risk of supply disruptions, potentially leading to further price appreciation [10].
First Atlantic Nickel Expands RPM Zone Awaruite Nickel-Alloy (Ni₃Fe) Discovery: 400-Meter Northern Extension Yields 1.47% Nickel Concentrate Over 351 Meters in DTR Metallurgical Recovery Testing
Globenewswire· 2025-07-09 10:00
Core Insights - First Atlantic Nickel Corp. announced positive metallurgical test results from drill hole AN-24-05, confirming the extension of awaruite mineralization in the RPM Zone of the Atlantic Nickel Project [1][5][6] - The Phase 1 drilling program has defined a mineralized area of approximately 400 meters by 500 meters, with all four holes intersecting significant awaruite nickel mineralization [2][5][7] - Phase 2 drilling is currently underway to expand the mineralized footprint and further define the extent of awaruite nickel mineralization [14][15] Phase 1 Drilling Results - Drill hole AN-24-05 returned a continuous interval of 351 meters averaging 1.47% nickel and 1.53% chromium in magnetic concentrate, with a mass pull of 8.21% [4][5][6] - The total nickel recovery from AN-24-05 was 50.26%, highlighting the effectiveness of magnetic separation for upgrading awaruite nickel mineralization [5][6] - All four holes in Phase 1 returned consistent nickel grades ranging from 1.32% to 1.47% and mass pulls between 8.21% and 9.53% [2][7] Awaruite Mineralization Potential - The RPM Zone is located within a 30 km long ultramafic nickel belt, indicating significant district-scale potential for awaruite mineralization [5][16] - Awaruite's properties allow for smelter-free processing, which aligns with the U.S. Inflation Reduction Act's requirements for critical minerals [16][27] - The U.S. Geological Survey highlighted the potential of awaruite deposits to alleviate nickel concentrate shortages and provide a cleaner processing alternative compared to conventional nickel sources [17][19] Phase 2 Exploration - The Phase 2 drilling campaign aims to systematically expand the RPM Zone's mineralized area, with strategic step-out drilling in multiple directions [14][15] - Enhanced project infrastructure and equipment optimizations support deeper drilling capabilities, positioning the Phase 2 campaign for meaningful growth [15][27] - The findings from Phase 1 provide a solid foundation for the ongoing exploration efforts, with all holes ending in mineralization and remaining open in all directions [7][14]
Collective Metals Announces Termination of Princeton Option Agreement
Globenewswire· 2025-07-08 21:44
Core Viewpoint - Collective Metals Inc. has terminated its option to acquire a 70% interest in the Princeton Project due to a detailed review of the property and current market conditions [1][2]. Company Overview - Collective Metals Inc. is a resource exploration company focused on precious metals exploration in North America [3]. Option Agreement Details - The terms of the Option Agreement were initially announced on May 10, 2023, and the decision to terminate was made after considering the current market conditions and commodity prices [2]. Future Plans - The company is currently conducting due diligence investigations on additional prospective mineral properties [2].
Atomic Minerals Announces Share Consolidation & Debt Settlement
Newsfile· 2025-07-08 18:20
Core Viewpoint - Atomic Minerals Corporation is recommending a consolidation of its common shares at a ratio of two pre-consolidated shares for one new post-consolidated share to enhance flexibility and position the company for long-term growth [1][4]. Share Consolidation - The company currently has 58,331,591 common shares issued and outstanding, which will reduce to approximately 29,165,795 shares post-consolidation [2]. - The company's name and stock symbol will remain unchanged, but the CUSIP and ISIN numbers will be updated. Fractional shares will be rounded up or cancelled based on specific thresholds [2]. Debt Settlement - The company plans to settle up to $350,000 of outstanding debts by issuing up to 7,000,000 common shares at a price of $0.05 per share on a post-consolidated basis [3]. - After the consolidation and debt settlement, the total number of common shares is expected to be approximately 36,165,795 [3]. Company Strategy - The CEO of Atomic Minerals Corporation emphasized the importance of share consolidation in negotiating favorable terms for potential acquisitions and funding for future projects [4]. - The company is focused on exploring underappreciated regions with geological similarities to areas with previous uranium discoveries, aiming to capitalize on these opportunities [5][6].
SAGA Metals Confirms Significant Oxide Layering in the Northwest of the 100% owned Radar Titanium Project in Labrador, Canada
Globenewswire· 2025-07-08 13:00
Core Insights - SAGA Metals Corp. has confirmed significant oxide mineralization in the northwest section of its 100% owned Radar Titanium Property, building on historical drilling data from 1996 [1][3][20] Exploration and Geophysical Survey - The northwest zone of the Radar Property has shown promising results from a recent magnetic survey, indicating exceptional oxide layering with magnetic highs up to 55,000 nT [7][11] - Historical drilling in the area revealed high concentrations of iron oxide (Fe2O3) and titanium dioxide (TiO2), with notable samples showing 40.27% Fe2O3 and 7.73% TiO2 [2] - The geophysical results suggest that the oxide layering could extend significantly beyond the current 20 km inferred strike length [3][8] Project Overview - The Radar Property spans 24,175 hectares and is strategically located 10 km from Cartwright, Labrador, benefiting from robust infrastructure including road access and a deep-water port [4][20] - The Dykes River intrusive complex, which the Radar Property encloses, is recognized for its titanium-vanadium-iron rich layers, drawing comparisons to large AMCG-type intrusions [5][20] Drilling and Mineralization - The 2025 winter drill program has confirmed the presence of vanadiferous titanomagnetite with significant grades, including notable intercepts such as 20.2 meters grading 31.35% Fe, 6.32% TiO2, and 0.435% V2O5 [25] - Current drilling has only tested a fraction (1/40th) of the identified oxide layering zone, indicating substantial potential for further exploration [25] Infrastructure and Access - SAGA's ground crews have successfully cleared access trails to enhance logistical efficiency for exploration activities across the property [13][14] - The ongoing road maintenance and access trail construction aim to facilitate direct access to key exploration zones, improving overall exploration capacity [14]
Sitka Commences the First Drill Program Ever to Be Conducted at Its Coppermine River Project in Nunavut Where up to 41.54% Copper and 13.45% Copper Have Been Identified in Volcanic-Hosted and Sediment-Hosted Target Areas
Newsfile· 2025-07-08 12:30
Sitka Commences the First Drill Program Ever to Be Conducted at Its Coppermine River Project in Nunavut Where up to 41.54% Copper and 13.45% Copper Have Been Identified in Volcanic-Hosted and Sediment-Hosted Target AreasJuly 08, 2025 8:30 AM EDT | Source: Sitka Gold Corp.Drilling to target a new sediment-hosted copper discovery at the Copper Leaf showing where surface grab samples have returned copper and silver assays as high as 13.45% Cu and 65.0 g/t Ag; two separate geophysical surveys comp ...
Aventis Energy Announces Mobilization of Exploration Crews to the Corvo Uranium Project in Northern Saskatchewan
Globenewswire· 2025-07-08 12:00
VANCOUVER, British Columbia, July 08, 2025 (GLOBE NEWSWIRE) -- Aventis Energy. (“Aventis” or the “Company”) (CSE: AVE | FRA: C0O0 | OTC: VBAMF), is pleased to announce that its 2025 exploration program (the “Program”) has begun on its Corvo Uranium Project (the “Corvo Property”, or the “Project”). The Company mobilized to the site on July 4, 2025, to begin a detailed mapping and sampling program across historical uranium showings and zones of interest. Highlights: High-grade* Uranium at Surface: A prospecti ...
Maxus Mining Announces Appointment of Morgan Verge as Technical Advisor
Globenewswire· 2025-07-08 12:00
Company Overview - Maxus Mining Inc. is a mineral exploration company focused on locating, acquiring, and developing economic mineral properties in premier jurisdictions, with a diverse portfolio of exploration properties covering approximately 7,244 hectares [4] - The portfolio includes four antimony projects covering 3,700 hectares, the Penny Copper Project covering 3,120 hectares, and the Lotto Tungsten Project covering 422 hectares [4] Appointment of Technical Advisor - Morgan Verge has been appointed as a Technical Advisor to the Company, bringing over a decade of experience in leading exploration programs and developing geological databases [1][2] - Verge is the President and CEO of Verge Geological Consulting Ltd., where she has secured over $1 million in government funding for exploration and has held senior roles at various mining companies [2] Exploration Projects - The Penny Copper Project has seen over 100 years of exploration activity, with recent work returning copper values up to 2,388 ppm Cu [5] - The Quarry Antimony Project has historical samples showing significant mineralization, including 0.89% g/t Au and 20% Sb [6] - The Lotto Tungsten Project has a historical sample with 10.97% Wo3, while the Altura and Hurley Antimony projects are strategically positioned near recent high-grade discoveries [6] Leadership Comments - Morgan Verge expressed excitement about contributing her experience in critical metals to advance exploration strategies at Maxus [3] - Scott Walters, CEO of Maxus, highlighted the importance of Verge's experience and leadership skills in driving the successful advancement of the Company's projects [3]
CANADA CARBON ANNOUNCES RECEIPT OF NECESSARY PERMITS FOR ITS THIRD DRILLING CAMPAIGN ON ASBURY GRAPHITE PROPERTY
Globenewswire· 2025-07-08 11:15
Core Viewpoint - Canada Carbon Inc. has received all necessary permits to initiate its third drilling campaign at the Asbury Graphite Property, which is expected to enhance its resource estimates and support a pre-feasibility study by the end of 2025 [1][4][6]. Group 1: Drilling Campaign Details - The upcoming drilling campaign aims to complete up to 5,200 meters of core drilling across a 5-kilometer mineralization trend at Asbury [2]. - This campaign will add to previous drilling efforts from 2022 and 2023, bringing the total core samples to over 10,000 meters, which will aid in de-risking the project [2][4]. - The company plans to utilize the data from this campaign to update its NI 43-101 resource report and complete a pre-feasibility study by December 31, 2025 [4]. Group 2: Resource Estimates and Historical Context - The maiden resource estimate reported an inferred resource of 4.14 million tons (Mt) with an average grade of 3.05% carbon grade (Cg), using a cut-off grade of 1.0% Cg [4]. - Asbury was previously an operational graphite mining project from 1974 to 1988, producing high-quality concentrate [7]. Group 3: Stakeholder Engagement - The company has engaged with local stakeholders, including the municipality of Notre-Dame-du-Laus and the Kitigan Zibi Anishinaabeg community, to discuss the project and incorporate feedback [5]. Group 4: Management Commentary - The CEO of Canada Carbon expressed confidence in the drilling campaign, stating it will validate assumptions regarding mineralization at Asbury and contribute positively to the local economy [6][7].
Churchill Reports High-Grade Zinc Results on Polymetallic Veins at the Black Raven Property, Central Newfoundland
Globenewswire· 2025-07-08 11:00
TORONTO, July 08, 2025 (GLOBE NEWSWIRE) -- Churchill Resources Inc. (“Churchill” or the “Company”) (TSXV: CRI) is pleased to announce the final due-diligence sample results on its Black Raven property with three over-limit zinc assays of 5.25%, 11.03% and 12.11% from grab samples 305, 315 and 321 respectively. These samples returned high-grade gold, silver, lead and zinc, emphasizing the polymetallic metal assemblage of critical minerals present in the Black Raven vein system, per the summary table and figu ...