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Golden Cariboo Summarizes 2025 Mineral Exploration at the Quesnelle Gold Quartz Mine Property
Thenewswire· 2026-01-07 08:05
Core Viewpoint - Golden Cariboo Resources Ltd. is advancing its exploration efforts at the Quesnelle Gold Quartz Mine Property, with a focus on expanding gold mineralization and preparing for an ambitious exploration strategy in 2026 [1][4]. Exploration Program Summary - The 2025 exploration program included a two-phase drill program that commenced in April 2025, focusing on the Halo zone and testing geochemical and structural targets [2]. - A total of 1,729.79 meters (5,675 feet) were drilled in eight NQ-sized surface diamond drill holes, with drilling suspended on December 18, 2025, to resume in early 2026 [2]. - Key highlights from the drilling include ongoing sample analysis and logging of drill holes, with plans to continue drilling in January 2026 [3]. Future Plans - The company is preparing a robust exploration strategy for 2026, intending to significantly scale up drilling and trenching activities across its 94,899 hectare (234,501 acre) mineral land package [4]. - The exploration strategy aims to enhance the understanding of the district-scale geology and further investigate the northern extension of the Halo zone and down dip mineralization [2][4]. Technological Implementation - PhotonAssay™ technology was utilized in the assay protocol, resulting in a verified increase in gold grades by 5.9% compared to traditional fire assay methods [6]. - The company has engaged MSALABS in Prince George, B.C. to expedite assay results using PhotonAssay™ technology for gold and silver [6]. Geological Context - The Quesnelle Gold Quartz Mine property is located in a historically rich gold mining area, with over 101 placer gold creeks recorded along a 90-kilometer (56-mile) trend [7]. - The geological setting of the property shows strong similarities to the Spanish Mountain gold deposit, which is part of a significant subclass of gold deposits [8].
Grande Portage Receives US Forest Service Special Use Permit for Environmental Infrastructure at the New Amalga Gold Project
Accessnewswire· 2026-01-07 07:00
Core Viewpoint - Grande Portage Resources Ltd. has provided an update on the permitting process for its New Amalga Gold property located in Southeast Alaska [1] Group 1 - The company is focused on advancing its New Amalga Gold property [1] - The update indicates progress in the permitting process, which is crucial for the development of the property [1]
Galantas Gold Announces Definitive Agreement to Acquire the Andacollo Oro Gold Project, Chile
Globenewswire· 2026-01-07 01:02
Core Viewpoint - Galantas Gold Corporation has entered into a share purchase agreement to acquire a 100% ownership interest in the Andacollo Oro Gold Project in Chile, marking a significant strategic move for the company and expected to be classified as a Fundamental Acquisition under TSX Venture Exchange policies [1] Project Overview - The Andacollo Oro Gold Project is located in the Coquimbo Region of Chile, approximately 55 kilometers southeast of La Serena, at an elevation of 1,100 meters, featuring a substantial permitted footprint with mining concessions, land title, and water rights [2] - The project includes existing infrastructure, extensive earthworks, and three leach pads, providing excellent access to services and a skilled workforce [2] Historical Resource Estimates - The historical mineral resource estimate indicates measured and indicated resources of 2.02 million ounces of gold from 130 million tonnes at a grade of 0.48 grams per tonne, with inferred resources of 5.06 million ounces from 358 million tonnes at a grade of 0.45 grams per tonne [3] - The project has a historical production record of 1.12 million ounces of gold from 1998 to 2018, with peak annual production of approximately 135,000 ounces [4] Geological and Technical Aspects - The project features a low-sulphidation epithermal, manto-style gold system, supported by a robust technical database from 1,600 drill holes totaling approximately 190,000 meters [5] - The project is adjacent to the Carmen del Andacollo porphyry copper mine, which produces about 45,000 tonnes of copper per year [6] Strategic Importance - The acquisition is seen as a transformative step for Galantas, enhancing its profile and scale by adding a large-scale, past-producing gold asset with existing infrastructure and a deep technical database [7] - The project offers multiple development pathways and significant exploration potential for additional gold and copper mineralization [8] Transaction Structure - The total cash consideration for the acquisition is structured at US$32 million, with staged payments over four years, reflecting a commitment to capital discipline [12] - The transaction includes the issuance of 91,313,890 common shares to the controlling shareholder of Dragones, representing 19.9% of Galantas' outstanding shares, subject to approvals [12][13] Financial Overview - As of December 31, 2025, Sol, the entity acquiring the project, reported total assets of approximately US$4.28 million and total liabilities of approximately US$4.34 million, resulting in a loss of US$67,521 [10] Exploration Opportunities - The project has significant exploration upside, with potential for grade enhancement through angle-drilling and opportunities to increase resources along strike and down-dip of known mineralization [25] - There are indications of high-grade copper targets and numerous unexplored gold-copper occurrences on the project [26] Conditions to Closing - The completion of the transaction is subject to board approval, regulatory requirements, and shareholder approvals, including minority approval requirements [31][28]
Galantas Gold Announces Definitive Agreement to Acquire the Andacollo Oro Gold Project, Chile
Globenewswire· 2026-01-07 01:02
Core Viewpoint - Galantas Gold Corporation has entered into a share purchase agreement to acquire a 100% ownership interest in the Andacollo Oro Gold Project in Chile, marking a significant strategic move for the company and expected to be classified as a Fundamental Acquisition under TSX Venture Exchange policies [1] Project Overview - The Andacollo Oro Gold Project is located in the Coquimbo Region of Chile, approximately 55 kilometers southeast of La Serena, at an elevation of 1,100 meters, featuring a substantial permitted footprint with mining concessions, land title, and water rights [2] - The project includes existing infrastructure, extensive earthworks, and three leach pads, with excellent access to services and a skilled workforce [2] Historical Resource Estimates - The historical mineral resource estimate for the project indicates measured and indicated resources of 2.02 million ounces of gold from 130 million tonnes at a grade of 0.48 grams per tonne, and inferred resources of 5.06 million ounces from 358 million tonnes at a grade of 0.45 grams per tonne [3][22] - The project has a history of production, having operated as a 20,000 tonne per day open pit heap leach operation, producing a cumulative 1.12 million ounces of gold between 1998 and 2018, with peak annual production of approximately 135,000 ounces [4] Geological and Technical Aspects - The project features a low-sulphidation epithermal, manto-style gold system, with extensive evaluation conducted by past operators, including 1,600 drill holes totaling approximately 190,000 meters [5] - The project is adjacent to the Carmen del Andacollo porphyry copper mine, which produces about 45,000 tonnes of copper per year, indicating potential synergies [6] Strategic Importance - The acquisition is seen as a transformative step for Galantas, enhancing its profile and scale by adding a large-scale, past-producing gold asset with existing infrastructure and a deep technical database [7] - The project offers multiple development pathways and significant exploration potential for both gold and copper mineralization [8] Transaction Structure - The total cash consideration for the acquisition is structured at US$32 million, with staged payments over four years, reflecting a commitment to capital discipline [12] - The transaction involves the issuance of 91,313,890 common shares to the controlling shareholder of Dragones, representing 19.9% of Galantas' outstanding shares, subject to regulatory approvals [12][13] Financial Overview - As of December 31, 2025, the financial information for Sol, the entity acquiring the project, shows total assets of approximately US$4.28 million and total liabilities of approximately US$4.34 million, indicating a loss of US$67,521 [10] Exploration Opportunities - The project has significant exploration upside, with potential for grade enhancement through angle drilling and opportunities to increase resources along strike and down-dip of known mineralization [25] - There are indications of a chalcocite enriched copper blanket and numerous unexplored gold-copper occurrences on the project [26] Conditions to Closing - The completion of the transaction is subject to board approval, regulatory requirements, and shareholder approvals, including minority approval requirements [28][32]
News Release for Early Warning Report Regarding Galantas Gold Corporation
Globenewswire· 2026-01-06 23:03
BERKSHIRE, England, Jan. 06, 2026 (GLOBE NEWSWIRE) -- Ocean Partners Holdings Limited (“Ocean Partners”), a company with a head office of The Pearce Building, Third Floor, West Street, Maidenhead, Berkshire, SL6 1RL, United Kingdom, announced that on December 31, 2025, Ocean Partners acquired, through Ocean Partners UK Ltd., a wholly-owned subsidiary, 35,937,500 units of securities (each, a “Unit”) of Galantas Gold Corporation (“Galantas”), a company with a head office of 82 Richmond Street East, Suite 201, ...
High-Grade Gold up to 12.2 g/t Intersected in Multiple Structures at Bousquet
TMX Newsfile· 2026-01-06 22:07
Montreal, Quebec--(Newsfile Corp. - January 6, 2026) - Bullion Gold Resources Corp. (TSXV: BGD) ("Bullion Gold" or the "Corporation") is pleased to announce further assay results for the Bousquet Gold Project, with assays received for the final six drillholes from its partner Olympio Metals ("Olympio") first drilling program. Results for the CB-1 target returned a high-grade gold intercept of 1.3m @ 12.2 g/t Au from 218.2m (BO-25-53). This intercept represents a third fertile structure, separate to the one ...
Fortitude Gold Declares January 2026 Monthly Dividend
Accessnewswire· 2026-01-06 22:00
COLORADO SPRINGS, COLORADO / ACCESS Newswire / January 6, 2026 / Fortitude Gold Corp. (OTCQB:FTCO) (the "Company") declares its monthly dividend of $0.01 per common share payable on January 30, 2026 to shareholders of record as of January 20, 2026. Fortitude Gold is a gold producer, developer, and explorer with operations in Nevada, U.S.A. ...
These 2 Stocks Are Up 100%+ in 2025-and the Momentum Isn't Over
ZACKS· 2026-01-06 21:00
Key Takeaways The "buy high, sell higher" strategy targets stocks in uptrends, focusing on momentum. Kinross Gold is positioned to benefit from rising gold prices and strong cash flows.WLDN is leveraging AI-focused infrastructure acquisitions to lift profits.As 2026 gets underway, astute investors should apply Richard Driehaus’ famous “buy high and sell higher” theory to identify stocks with further upside potential. This is because the investment approach aims to capture the strongest momentum players, and ...
Gold Stock Keeps Digging After 212% Annual Spike
Investors· 2026-01-06 18:33
*Real-time prices by Nasdaq Last Sale. Real-time quote and/or trade prices are not sourced from all markets. Ownership data provided by LSEG and Estimate data provided by FactSet. IBD, IBD Digital, IBD Live, IBD Weekly, Investor's Business Daily, Leaderboard, MarketDiem, MarketSurge and other marks are trademarks owned by Investor's Business Daily, LLC. ©2026 Investor's Business Daily, LLC. All Rights Reserved. Information in Investor's Business Daily is for informational and educational purposes only and s ...
Aurwest Resources Executes LOI on Weaver Lake Gold Project
Accessnewswire· 2026-01-06 17:10
CALGARY, AB / ACCESS Newswire / January 6, 2026 / Aurwest Resources Corporation ("Aurwest" or the "Company") (CSE:AWR) is pleased to announce that the Company has entered into a non-binding Letter of Intent with Pacific Bay Minerals Ltd. (TSXV:PBM) whereby Aurwest can earn a 50% interest in Pacific Bay's 100% owned Weaver Gold Project over three years (the "LOI"). ...