Workflow
Metal Mining
icon
Search documents
Barksdale Resources Releases Spring 2025 Assays
Newsfile· 2025-11-17 22:00
Barksdale Resources Releases Spring 2025 AssaysProvides Updates on Phase ll Drilling and Company ActivitiesNovember 17, 2025 5:00 PM EST | Source: Barksdale Resources Corp.Vancouver, British Columbia--(Newsfile Corp. - November 17, 2025) - Barksdale Resources Corp. (TSXV: BRO) (OTCQB: BRKCF) (FSE: 2NZ) ("Barksdale" or the "Company") has released assays from the Company's Spring 2025 drill program with encouraging results and copper grades and provides an update on the Phase ll drill plan to br ...
American Tungsten Announces Updates on Its IMA Project and Investor Relations Efforts
Newsfile· 2025-11-12 12:00
American Tungsten Announces Updates on Its IMA Project and Investor Relations EffortsNovember 12, 2025 7:00 AM EST | Source: American Tungsten Corp.Vancouver, British Columbia--(Newsfile Corp. - November 12, 2025) - American Tungsten Corp. (CSE: TUNG) (OTCQB: TUNGF) (FSE: RK90) (The "Company" or "American Tungsten") is pleased to share continued progress on its rehabilitation efforts at the IMA Mine in Patterson, Idaho, and will be giving investors an opportunity to ask questions on current pr ...
Hercules Metals Intersects 273 m of 0.60% Copper, within 379 m of 0.50% Copper, Including 35 m of 1.01% Copper and 6.2 g/t Silver at the Leviathan Porphyry System
Newsfile· 2025-10-22 11:01
Core Insights - Hercules Metals Corp. reported significant drilling results from its 2025 campaign at the Leviathan porphyry copper discovery, indicating long intervals of continuous copper mineralization and notable silver presence [1][2][3] Drilling Results - Drill hole HER-25-05 intersected 273 meters of 0.60% copper, 77 ppm molybdenum, and 1.8 g/t silver, within a broader interval of 379 meters averaging 0.50% copper [3][4] - Drill hole HER-25-03 intersected 256 meters of 0.44% copper, 85 ppm molybdenum, and 0.9 g/t silver within 452 meters averaging 0.37% copper [3][4] - The mineralization begins at a true depth of just 110 meters below the surface in HER-25-05, indicating a shallower depth of significant mineralization [4][5] Exploration Model - A new 3D exploration model is driving positive results, allowing for systematic drilling and identification of high-grade mineralization [4][5] - The company is employing a fence-based drilling strategy to delineate the highest-grade mineralization across 200-meter spaced drill fences [8][5] Silver Potential - Recent increases in silver prices have renewed interest in the potential for the Leviathan project to be viewed as a larger-scale open-pit target, combining deeper porphyry mineralization with widespread low-grade silver in the cover rock [4][8][13] - Historical drilling data indicated extensive silver mineralization within the Hercules Rhyolite unit, which is now considered cover rock above the Leviathan porphyry [13][15] Future Catalysts - Assay results are pending for an additional seven completed drill holes, with ongoing drilling and sample shipments [4][5] - The company plans to evaluate the prospect of initiating a maiden mineral resource estimate by the end of the 2025 campaign after completing six drill fences [8][5] Company Overview - Hercules Metals Corp. is focused on developing the Leviathan porphyry copper system in Idaho, which is considered one of the most significant new discoveries in the region [26][27] - The company is well-positioned for growth, supported by strategic investments and a proven track record in precious metals projects [27][28]
Intrepid Metals Announces Upsize of Private Placement Financing to $6.7 Million
Newsfile· 2025-10-14 11:01
Core Points - Intrepid Metals Corp. has increased its private placement financing to $6.7 million due to strong investor demand, offering up to 19,142,858 units at a price of $0.35 per unit [1][2] - Each unit consists of one common share and one-half of a common share purchase warrant, with full warrants allowing the purchase of additional shares at $0.50 for 24 months [1][2] - The net proceeds will be allocated for exploration expenditures, working capital, property payments, and facilitating a strategic partnership transaction [2] Company Overview - Intrepid Metals Corp. is focused on exploring high-grade essential metals such as copper, silver, and zinc in southeastern Arizona, USA [5] - The company has several drill-ready projects, including the Corral Copper Project and the Tombstone South Project, both located in Cochise County, Arizona [5] - Intrepid is traded on the TSX Venture Exchange under the symbol "INTR" and on the OTCQB Venture Market under "IMTCF" [5]
Scandium International Mining Announces Grant of New Mining Lease at Nyngan Scandium Project
Newsfile· 2025-10-10 11:30
Core Viewpoint - Scandium International Mining Corp. has received a mining license for its Nyngan Scandium Project in New South Wales, marking a significant milestone after a nine-year application process [1][2][3] Group 1: Project Development - The grant of Mining Lease No 1893 provides regulatory certainty for advancing strategic partnerships, offtake contracts, and financing for the project [2] - The mining lease is valid for an initial term of 21 years until October 2046, allowing the operator to apply for renewal [5] - The Nyngan Scandium Project is designed as a small surface mining operation, with an annual recovery of approximately 75,000 tons of limonite ore [7] Group 2: Market Context - There is a growing demand for scandium, classified as a critical mineral by several governments, and the project aims to supply this demand outside of China and Russia [4][6] - The project is positioned to become the world's first primary scandium-mining project, enhancing New South Wales' potential as a leader in sustainable mining of critical minerals [6][8] Group 3: Technical Aspects - The average limonite scandium head grade is 409 ppm, with a projected output of approximately 38,500 kg of scandium oxide per year, grading 98 to 99.9% Sc2O3 [7] - The project development includes a one-year construction period followed by a 24-month ramp-up to reach full capacity [7]
Canadian North Resources Inc. Reports Extraction Rates of 99% Nickel, 98% Cobalt and 90.6% Copper in the Second Set of Bioleaching Tests for the Ferguson Lake Project in Canada
Globenewswire· 2025-10-07 12:00
Core Insights - Canadian North Resources Inc. is advancing its Ferguson Lake Project, focusing on bioleaching technology for the extraction of copper, nickel, cobalt, palladium, and platinum [2][3] - Recent bioleaching tests have shown high extraction rates for metals at low temperatures, indicating a potential for low-cost and low-carbon processing [3][6] Bioleaching Technology Evaluation - The company is collaborating with RPC, a leader in bio-metallurgical technology, to develop a low-cost mineral processing flowsheet [2][3] - Bioleaching tests conducted at temperatures between 52-65°C demonstrated significant improvements in metal extraction rates, with copper extraction reaching 88.8% at 65°C [4][6] - The unique mineralogy of the massive sulphides allows for self-sustaining reactions, reducing the need for external heat and acid [6][7] Test Results - The second set of bioleaching tests confirmed extraction rates of 87.7% for copper, 98.6% for nickel, and 98.2% for cobalt within a 28-day leach time [4][6] - Initial cyanide leach tests on residues indicated recoveries of 82% for palladium and 83% for gold, with further tests planned to evaluate PGM recoveries [8][9] Future Testing Phases - Phase 1 will focus on extensive bio-leaching tests to optimize extraction conditions for nickel, cobalt, and copper [10] - Phase 2 will evaluate various recovery options from the bio-leaching solution, including the extraction of metals and PGE from residual products [10] Company Overview - Canadian North Resources Inc. is focused on critical metals for clean energy and electric vehicle industries, with the Ferguson Lake Project being a key asset [13][14] - The project has a substantial mineral resource estimate, including 66.1 million tonnes of indicated resources containing significant amounts of copper, nickel, cobalt, palladium, and platinum [14]
Canadian investors bet on defense, construction stocks as Carney targets nation-building projects
Reuters· 2025-10-06 10:05
Core Viewpoint - Canadian defense, construction, and metal mining sectors are expected to benefit from increased military spending and accelerated infrastructure projects by the Canadian government [1] Group 1: Defense Sector - Ottawa's commitment to increased military spending is likely to enhance the performance of defense-related companies [1] Group 2: Construction Sector - The acceleration of major infrastructure projects is anticipated to provide a boost to construction companies, contributing positively to the economy [1] Group 3: Metal Mining Sector - Metal mining shares are positioned to gain from the government's focus on infrastructure and defense, which may lead to increased demand for raw materials [1]
Thunder Mountain Gold Clarifies Private Placement Financing
Newsfile· 2025-10-03 04:40
Core Viewpoint - Thunder Mountain Gold, Inc. is conducting a private placement to raise up to US$2,500,000 (CAD$3,500,000) through the issuance of 10,000,000 units at a price of US$0.25 (CAD$0.35) per unit, correcting an earlier misstatement regarding the number of units offered [1][3]. Group 1: Private Placement Details - The private placement consists of units, each comprising one common share and one-half common share purchase warrant, with each whole warrant allowing the purchase of an additional share at US$0.40 (CAD$0.55) for 24 months [2]. - The proceeds from the private placement will be allocated for exploration and general working capital [3]. - The private placement is subject to regulatory approval and may be completed in one or more tranches [2][3]. Group 2: Regulatory and Legal Considerations - The private placement will be conducted exclusively for accredited investors and will not be registered under the U.S. Securities Act, thus restricting its sale within the United States [4]. - Securities issued in the private placement will be classified as "restricted securities" and will be subject to a four-month hold period [4]. Group 3: Company Overview - Thunder Mountain Gold, Inc. is a junior exploration company with interests in base and precious metals projects in the western U.S., primarily focusing on The South Mountain Mine and the Trout Creek Project [6]. - The South Mountain Mine is a polymetallic project with high-grade deposits of zinc, silver, gold, and copper, located approximately 70 miles southwest of Boise, Idaho [7]. - The company has invested approximately US$25 million into the South Mountain Project since acquiring it in 2007, with historical mining yielding significant mineralized material [7][8].
Prismo Metals Receives High Silver and Copper Assays at Silver King
Thenewswire· 2025-09-29 07:30
Core Insights - Prismo Metals Inc. has announced expanded drilling plans at the Silver King project in Arizona following the receipt of final assay results, which indicate high-grade mineralization in both silver and copper [1][2][23]. Summary by Category Assay Results - The final assay results include significant overlimit values: 757 g/t Ag, 1.5% Cu, 6.7% Pb, and 11.5% Zn from a newly discovered polymetallic vein, and 619 g/t Ag and 511 g/t Ag from samples taken at the Silver King shaft area [1][2]. - Overlimit copper assays ranged from 1.11% to 2.43% for three samples from the replacement mineralization area, indicating promising mineralization potential [2]. Geological Insights - The Silver King project features a newly described polymetallic vein and a copper vein, with geological mapping indicating various types of mineralization [4][7]. - The Silver King mine is strategically located 3 km from the Resolution Copper deposit, which is one of the largest unmined copper deposits globally, with an estimated resource of 1.787 billion metric tonnes at an average grade of 1.5% copper [23]. Drilling Plans - Initially, a drill program of about 1,000 meters was planned to test the upper half of the Silver King mineralized body and adjacent areas [8]. - Following recent discoveries, the company plans to add a second phase of drilling for an additional 1,000 meters, focusing on newly identified targets, including the polymetallic and copper veins [9][13]. Historical Context - The Silver King mine has a rich history, having produced nearly 6 million ounces of silver at grades up to 61 oz/t, with recent small-scale production samples returning grades as high as 644 oz/t silver [23]. Company Overview - Prismo Metals Inc. is focused on advancing its Silver King, Ripsey, and Hot Breccia projects in Arizona, as well as its Palos Verdes silver project in Mexico [24].
Magna Mining Announces Closing of Brokered Offering of Common Shares for Gross Proceeds of Approximately $50 Million
Newsfile· 2025-09-19 14:20
Core Viewpoint - Magna Mining Inc. has successfully closed a brokered offering of common shares, raising approximately $50 million in gross proceeds, which will be utilized for advancing its properties and for general expenses [1][4]. Group 1: Offering Details - The offering consisted of 20,833,300 common shares sold at a price of $2.40 per share [1]. - The offering was facilitated by a syndicate of agents led by Canaccord Genuity Corp., Desjardins Capital Markets, and SCP Resource Finance LP, among others [2]. - The net proceeds will be allocated to advance the Company's existing properties in Sudbury, Ontario, and for general administrative expenses [4]. Group 2: Financial Aspects - The Company paid the agents a cash commission totaling $2,037,962.40 and an additional finder's fee of $225,000 [4]. - The offering was completed under the "listed issuer financing" exemption, meaning the shares are not subject to a hold period under Canadian securities laws [3]. Group 3: Company Overview - Magna Mining Inc. operates in the Sudbury mining district of Ontario, focusing on copper, nickel, and platinum group metals [6]. - The primary asset is the McCreedy West Mine, which is currently in production, supported by other past-producing properties [6]. - The Company aims to unlock long-term shareholder value through production and exploration opportunities [8].