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GoldMining Updates Mineral Resource Estimate with Inclusion of Antimony at its Crucero Gold Project, Peru
Prnewswire· 2026-02-17 11:30
Core Viewpoint - GoldMining Inc. has released an updated Mineral Resource Estimate (MRE) for its Crucero Project in Peru, highlighting a significant increase in gold equivalent ounces and the inclusion of antimony for the first time, which is expected to enhance the project's value [1]. Group 1: Mineral Resource Estimate Highlights - The updated MRE indicates a 75% increase in estimated gold equivalent ounces in the Indicated category compared to the previous MRE from 2017 [1]. - The Indicated Mineral Resource is now 42.7 million tonnes at 1.26 grams per tonne (g/t) gold equivalent, totaling 1.74 million ounces (Moz) AuEq [1]. - The Inferred Mineral Resource is reported as 34.9 million tonnes at 0.93 g/t AuEq, equating to 1.04 Moz AuEq [1]. Group 2: Antimony Contribution - Antimony is now modeled in the MRE, contributing approximately 25% of the Indicated AuEq ounces and 29% of the Inferred AuEq ounces [1]. - The inclusion of antimony is noted as a strategic enhancement, given its global importance as a critical metal [1]. Group 3: Economic Assumptions - The MRE is based on long-term average prices of US$3,110 per ounce for gold and US$28,700 per tonne for antimony [1]. - The report emphasizes that the current spot prices for gold are near US$5,000 per ounce, indicating potential for further value realization [1]. Group 4: Project Background and Exploration - The Crucero Project is located in Carabaya Province, Peru, and has undergone extensive exploration from 1996 to 2012, including geological mapping and diamond drilling [1]. - The project consists of eight mining concessions covering an area of 4,600 hectares, and is wholly owned by GoldMining through its subsidiary Blue Rock Mining S.A.C. [1].
GT Resources Adds Greenstone Hosted Gold and Nickel to Finland Portfolio
TMX Newsfile· 2026-02-17 11:30
Core Insights - GT Resources Inc. has acquired the Kuhmo Gold Project in central Finland, covering 12,300 hectares in a highly prospective area [1] - The project is strategically located 130 km southeast of the company's flagship Läntinen Koillismaa ("LK") Project [1] Acquisition Details - The acquisition was made through staking, indicating a proactive approach to securing valuable mineral exploration opportunities [1] - The Kuhmo greenstone belt is noted for its potential in orogenic and intrusion-related gold, with historical focus on nickel [4][6] Geological Context - The Kuhmo greenstone belt is a 220 km long complex with geological features similar to Canada's Abitibi Subprovince, known for prolific gold deposits [4][5] - The presence of significant geological formations and structural settings enhances the potential for gold exploration [5][6] Mineralization Potential - The project exhibits characteristics of a major orogenic gold system, including belt-scale faults and diverse lithologies [6] - Historical drill results indicate promising gold grades, with notable intercepts such as 11.4 g/t Au over 0.9m and 2.3 g/t Au over 4.7m [10][12] Exploration Strategy - GT Resources plans to initiate an exploration program to unlock the gold potential of the Kuhmo Project, including re-logging historical core and conducting detailed surveys [14][16] - The exploration strategy aims to leverage existing data and infrastructure to maximize efficiency and discovery potential [12][16] Infrastructure and Operational Synergies - The project benefits from excellent year-round access and proximity to local infrastructure, including roads and rail [12] - The strategic land position and operational synergies with the LK Project are expected to enhance exploration efficiency [12][16] Historical Context and Competitive Advantage - The historical focus on nickel exploration in the region has left many gold-in-till anomalies largely untested, presenting a unique opportunity for GT Resources [12][26] - The company's disciplined, science-based methodology aims to create shareholder value by advancing high-potential properties [26][27]
Volta Initiates Gallium Recovery Study with Laurentian University, Sudbury, Canada
TMX Newsfile· 2026-02-17 11:00
Core Insights - Volta Metals Ltd. has initiated laboratory-scale bioleaching recovery tests targeting gallium and rare earth elements (REEs) at Laurentian University, a recognized institution for applied research in mining and mineral processing [1][2] Group 1: Test Program Objectives - The primary goal of the test program is to assess the use of bacteria and non-invasive reagents for extracting gallium from the Springer Rare Earth and Gallium Deposit located in Sturgeon Falls, Ontario [2] - Initial tests have shown promising results, with recoveries of up to 75% for gallium and between 56% to 100% for various REEs [8] Group 2: Bioleaching Technology - The bioleaching process, which has been successfully implemented in Chile's copper industry, utilizes specialized microbial groups and environmentally friendly chemical media for metal recovery [3][8] - Dr. Vasu Appanna, an expert in gallium recovery and bioleaching technologies, is leading the research at Laurentian University [3][11] Group 3: Future Phases and Expectations - Ongoing phase-two benchwork studies aim to identify optimal conditions for the efficient liberation of gallium and REEs from mineralized materials, with results anticipated in Q3 2026 [9][10] - Positive outcomes from the current tests could lead to bulk leach validation studies, advancing the process towards potential scale-up for domestic supply of critical elements [10] Group 4: Springer Rare Earth Deposit Overview - The historical mineral resource estimate for the Springer Rare Earth Project indicates an Indicated Resource of 4.2 million tonnes at 1.14% Total Rare Earth Oxides (TREO) and an Inferred Resource of 12.7 million tonnes at 1.17% TREO [15][17] - The 2012 estimate, based on 22 diamond boreholes, is not compliant with current CIM Definition Standards and will be updated following further drilling in 2025 [17][19] Group 5: Company Profile - Volta Metals Ltd. focuses on the exploration of critical minerals, including rare earths, gallium, lithium, cesium, and tantalum, in Ontario, a significant region for hard-rock critical minerals [21]
LAURION Strengthens Team with Appointment of Capital Markets and Mining Specialist Sean Ghosal as Strategic Advisor
Thenewswire· 2026-02-17 10:00
Toronto, Ontario – February 17, 2026 – TheNewswire – LAURION Mineral Exploration Inc. (TSX-V: LME | OTCQB: LMEFF | FSE: 5YD) (“LAURION” or the “Company”) is pleased to announce the appointment of Sankarsan (“Sean”) Ghosal as a strategic advisor. His addition further strengthens the Company’s governance, capital markets expertise, and strategic capabilities as LAURION advances its Ishkōday Gold-Polymetallic Project in Ontario.   Mr. Ghosal brings a highly complementary blend of mining engineering, capital m ...
Clarity Metals Selects Drill Contractor and Prepares to Mobilize at Fecteau Gold Project
TMX Newsfile· 2026-02-17 09:30
Core Viewpoint - Clarity Metals Corp. has secured Technominex as the drilling contractor and project manager for its upcoming drill program at the Fecteau Gold Project, aiming to explore gold and base metal mineralization in the Abitibi region of Quebec [1][3]. Company Overview - Clarity Metals Corp. is a Canadian mineral exploration company focused on acquiring, exploring, and developing precious and base metals projects, with a global exploration mandate [16]. Drilling Program Details - The planned drill program will consist of approximately 3,650 meters of NQ-size diamond core drilling across five target areas [2][4]. - The program includes access road and drill pad preparation, execution of the drilling program, geological logging, core sampling, and coordination of sample analysis through an independent certified assay laboratory [2]. Target Areas - **Fecteau Est**: Follow-up drilling to investigate additional high-grade structures, building on previous results such as 14.91 g/t Au over 1.0m and 5.98 g/t Au with 0.87% Cu over 0.6m [4]. - **SW Target Area**: Testing the southern limb of the Fecteau syncline at the main reverse fault, representing a structurally complex zone with significant exploration potential [5]. - **North Central Target**: Targeting northern-most conductors identified through historical VTEM EM data, aiming to correct previous drilling misalignments [6]. - **Syncline Drill Area**: Focusing on second-order structures interpreted from magnetic data, designed to test downdip continuity of promising structures [7]. - **Buteux-Marceau**: Testing a ~1.2 km conductor and magnetic high, where previous work returned 4.11 g/t Au from a grab sample [8]. Historical Context - The Fecteau Property is located in the Abitibi Greenstone Belt, near significant mining projects, with a total of 17,815 meters drilled since the mid-1970s, averaging only 207 meters in depth, indicating substantial untested potential [9].
Nexcel Acquires an Additional 42% Interest in the Burnt Hill Tungsten Project
TMX Newsfile· 2026-02-17 08:45
Core Viewpoint - Nexcel Metals Corp. has successfully acquired an additional 42% interest in the Burnt Hill Tungsten Project, increasing its total ownership to 71.58% [1][4]. Acquisition Details - The acquisition was executed under a Purchase Agreement with Wyloo Ring of Fire Ltd., where Nexcel issued 3,931,094 common shares and 6,250,000 non-transferrable common share purchase warrants, each exercisable at $0.90 until February 17, 2029 [2]. - The Consideration Warrants include a blocker term preventing the Vendor from holding more than 19.99% of the issued common shares without shareholder approval [2]. Securities and Restrictions - All securities issued in the acquisition are subject to a four-month and one-day hold period, with specific voluntary resale restrictions on the Consideration Shares [3]. - 15% of the Consideration Shares will be restricted for six, twelve, eighteen, twenty-four, and thirty months post-acquisition, while 10% will remain unrestricted [3]. Project Overview - The Burnt Hill Tungsten Project spans approximately 1,540 hectares and contains an indicated resource of 1,761,000 tonnes averaging 0.292% WO3, alongside an inferred resource of 1,520,000 tonnes averaging 0.263% WO3 [8]. - The project also includes additional areas of identified mineralization not yet at the resource stage [8]. Future Opportunities - Nexcel holds the option to acquire the remaining 28.42% interest in the Burnt Hill Project from Cadillac Ventures Inc. under a separate Option Agreement [4].
Inspiration Energy Plans Name Change to Inspiration Mining Corp.
TMX Newsfile· 2026-02-17 08:01
Core Viewpoint - Inspiration Energy Corp. plans to change its name to Inspiration Mining Corp. to better reflect its focus on copper and gold exploration, enhancing clarity for shareholders and potential investors [1][2]. Company Focus and Strategy - The name change aligns with the company's 100% ownership of over 85,000 acres in the Rottenstone gold/copper camp, strategically positioned near recent discoveries [2]. - The company has identified multiple gold-copper targets using advanced satellite data and plans to commence drilling shortly [2][9]. Project Details - The Rottenstone North project covers 4,512 hectares, and the acquisition of the Rottenstone West project adds 31,011 hectares, bringing total coverage to over 35,500 hectares (86,487 acres) [4]. - The projects are located near Ramp Metals Inc.'s discoveries, which include significant copper-gold sulphide targets [5]. Exploration Potential - Inspiration has a tight capital structure with just over 40 million shares outstanding, providing strong upside leverage to exploration success [6]. - The Rottenstone projects are situated along geological structures that host high-grade showings, including 73.55 grams per tonne Au and 1.61% Cu [7]. - Historical work on the Rottenstone West project has identified multiple massive sulphide occurrences, which remain untested by modern methods, presenting new discovery opportunities [8]. Upcoming Activities - An advanced atomic mineral resonance tomography (AMRT) satellite survey at the Rottenstone North project has identified high-priority targets, with a drilling program scheduled for early 2026 [9].
Antimony Resources Corp. (ATMY) (ATMYF) (K8J0) Continues to Expose New Massive Antimony-Bearing Stibnite Mineralization in the Marcus Zone
TMX Newsfile· 2026-02-17 08:00
Core Viewpoint - Antimony Resources Corp. has successfully expanded and outlined significant antimony stibnite mineralization at the Marcus (West) Zone, with further mineralization exposed through trenching [1][2]. Group 1: Mineralization Discovery - Continued trenching in the Marcus (West) Zone has effectively expanded the area of mineralization, leading to the discovery of new mineralized zones [2]. - The newly discovered mineralization can be easily tested by shallow drilling, with the potential to change drilling direction to optimize results [3][5]. Group 2: Exploration Program - The exploration program for 2026 includes a 10,000-meter definition drilling on the Main Zone, along with soil sampling and prospecting [7]. - Drilling is set to commence immediately on the Marcus (West) Zone, with plans to complete up to six shallow drill holes at depths of 30 to 50 meters [8]. Group 3: Historical Data and Potential - The Central Zone previously returned significant results, including 2.90% Sb over 8.18 meters, with higher grades of 5.79% Sb over 1.75 meters and 8.47% over 1.53 meters [8]. - The Bald Hill project is recognized as a high-grade antimony deposit, with drilling outlining a deposit over 700 meters long and to a depth of at least 350 meters, with average grades of 3% to 4% antimony [14]. Group 4: Company Overview - Antimony Resources Corp. is focused exclusively on antimony exploration and development, aiming to become a significant North American producer [12]. - The management team has extensive experience in financing, exploration, development, and mining, positioning the company for growth in the antimony sector [12].
Empire Metals Limited Announces Major Drilling Campaign to Commence at Pitfield
Accessnewswire· 2026-02-17 07:15
Core Viewpoint - Empire Metals Limited has initiated a significant drilling campaign at the Pitfield Project in Western Australia to assess the TiO2 mineral system and improve the Mineral Resource Estimate [1] Group 1: Company Developments - The drilling campaign aims to evaluate the extent of the giant TiO2 mineral system at Pitfield [1] - The program is intended to expand the Cosgrove Mineral Resource Estimate (MRE) [1] - The initiative will enhance the confidence levels associated with the MRE at Thomas [1]
Surface Metals Inc Engages Danayi Capital Corp. to Provide Digital Marketing Services
TMX Newsfile· 2026-02-16 13:30
Group 1 - Surface Metals Inc. has engaged Danayi Capital Corp. for digital marketing services for a 6-month term starting February 16, 2026, with a payment of 150,000 USD [1] - Danayi Capital Corp. is a marketing firm based in Vancouver, specializing in the mining and metals sector, and is owned by Mehran Bagherzadeh [1] - The company does not plan to compensate Danayi with securities, and Danayi does not own any securities of Surface Metals [1] Group 2 - Surface Metals Inc. is focused on advancing a diversified portfolio of gold and lithium projects in Nevada, USA [2] - The Cimarron Gold Project is located in a historically productive gold district in Nye County, Nevada [2] - The Clayton Valley Lithium Brine Project has an inferred resource of approximately 302,900 tonnes LCE, located adjacent to Albemarle's Silver Peak Mine [2] - The company is also advancing a sedimentary claystone lithium project in Fish Lake Valley, Nevada [2]