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LAURION Intersects High-Grade Gold and Polymetallic Mineralization in Drill Holes LBX25-101 and LBX25-102 at Ishkoday A-Zone Corridor
Thenewswire· 2026-02-11 10:00
Core Insights - LAURION Mineral Exploration Inc. has reported assay results from drill holes LBX25-101 and LBX25-102, part of a diamond drilling program at the Ishkōday Project, totaling 1,821 meters across 8 drill holes [1][2] Group 1: Drill Program Details - The drill holes LBX25-101 and LBX25-102 were designed to test mineralized horizons and enhance continuity in the northeastern part of the A-Zone [2] - The drilling aimed to validate structural interpretations and increase confidence in areas with previously identified gold mineralization [2] - The results will provide technical data to refine future targeting and improve predictability for subsequent drill campaigns [2] Group 2: Geological Context - Drill hole LBX25-101 is located approximately 265 meters southwest of LBX25-100, while LBX25-102 is an additional 335 meters southwest, extending coverage into a sparsely drilled area [2] - LBX25-101 was established to test projected mineralized horizons and structural continuity beyond the denser drill grid [2] Group 3: Assay Results - Significant assay results from LBX25-101 include: - 1.50 m @ 0.88 g/t Au, 13.60 g/t Ag, 0.24% Cu, 5.61% Zn [3] - 0.50 m @ 2.06 g/t Au, 31.10 g/t Ag, 0.53% Cu, 12.35% Zn [3] - 3.00 m @ 0.97 g/t Au, 4.04 g/t Ag, 0.14% Cu, 2.21% Zn [3] - Significant assay results from LBX25-102 include: - 0.50 m @ 3.89 g/t Au, 38.70 g/t Ag, 0.42% Cu, 5.37% Zn [3] - 2.04 m @ 2.63 g/t Au, 2.38 g/t Ag, 0.02% Cu, 0.17% Zn [3] Group 4: Company Overview - LAURION is a mid-stage junior mineral exploration company focused on the 100%-owned Ishkōday Project, which covers 57 km² and hosts gold-rich polymetallic mineralization [10][11] - The company is advancing its exploration strategy through systematic technical advancement and integrated geological modeling [12] - LAURION aims to build project value before monetization, ensuring future strategic outcomes are supported by technical clarity and reduced execution risk [13]
Questcorp Mining Announces Upsized Private Placement
TMX Newsfile· 2026-02-11 05:22
Core Viewpoint - Questcorp Mining Inc. is increasing its non-brokered private placement to raise up to $3,000,000 through the sale of 15,000,000 units at a price of $0.20 per unit, which will support exploration projects and working capital needs [1][2]. Group 1: Offering Details - The offering consists of units priced at $0.20 each, with each unit comprising one common share and one-half of a share purchase warrant [1]. - Each warrant allows the holder to purchase an additional common share at $0.30 for a period of thirty-six months after the offering closes, with a 60-day exercise restriction post-closing [1]. - The offering is conducted under the Listed Issuer Financing Exemption, making the units immediately "free-trading" under Canadian securities laws, except in Quebec [3]. Group 2: Use of Proceeds - The proceeds from the offering will be allocated for exploration work at the La Union Gold and Silver Project and the North Island Copper Project, as well as for general working capital purposes [2]. Group 3: Company Overview - Questcorp Mining Inc. focuses on acquiring and exploring mineral properties in North America, aiming to develop economic precious and base metals properties [7]. - The company holds options to acquire 100% interests in the North Island Copper Property (1,168.09 hectares) in British Columbia and the La Union Project (2,520.2 hectares) in Sonora, Mexico, both subject to royalty obligations [7].
Lucky Announces Corporate Update
Thenewswire· 2026-02-11 01:00
Core Viewpoint - Lucky Minerals Inc. has announced amendments to its Option Agreement, extending the deadlines for completing the transaction and clarifying terms related to the acquisition of mineral claims [1][2][3]. Group 1: Option Agreement Amendments - The Outside Date for completing the transaction has been extended from April 30, 2025, to June 30, 2025, and subsequently to August 31, 2025, and then to October 31, 2025 [1][2][3]. - The Option Agreement has been clarified through multiple amending agreements to ensure all parties understand their obligations [1][2][3]. Group 2: Mineral Claims Transfer - Fire Gold Resources Inc. transferred approximately 135 mineral claims to Patricia Lafontaine, with 46 claims allowed to lapse as they were not significant to the acquisition [4]. - As of April 28, 2025, Patricia Lafontaine is the sole holder of the transferred claims under the amended Option Agreement [4]. Group 3: Financial Obligations and Payments - The Company has made various cash payments under the Option Agreement, including $20,000 for work expenditures completed prior to June 30, 2025, and additional payments totaling $95,000 for various agreements and fees [5][6][7]. - The Company is required to issue a maximum of 7,500,000 shares at a floor price of $0.10, pay $750,000, and incur $4,000,000 in expenditures to complete the acquisition [8]. Group 4: Regulatory Approvals and Funding - The completion of the transactions is subject to receiving all required regulatory approvals [9]. - The Company is completing a private placement for aggregate gross proceeds of $1,080,000, with estimated allocations of $800,000 for working capital and debt reduction, and $200,000 for property-related expenses [9].
Carlyle Commodities Announces Increase and Final Closing of Current Funding Efforts for Aggregate Private Placement Proceeds of $4,250,000 in Connection with Proposed Transaction with Silver Pony Resources
TMX Newsfile· 2026-02-11 00:06
Core Viewpoint - Carlyle Commodities Corp. has successfully increased its non-brokered private placement to a total of $4,250,000, closing the third and final tranche, which is aimed at facilitating a business combination with Silver Pony Resources Corp. [1][2] Offering Terms - Carlyle issued 55,000,000 subscription receipts at a price of $0.01 each, raising an additional $550,000 in the third tranche [1] - Each subscription receipt will convert into one unit consisting of one common share and one-half of a common share purchase warrant upon satisfaction of the Escrow Release Condition [2] - The exercise price for the warrants is set at $0.015, with a post-consolidation price of $0.30, valid for 18 months [2] Financial Details - Carlyle paid a total cash commission of $184,500 and issued 20,240,000 Finder's Warrants under the private placement [3] - The company clarified previous misstatements regarding the amounts raised in earlier tranches, correcting the first tranche total to $2,655,000 [4] Escrow and Use of Proceeds - The net proceeds from the private placement will be held in escrow and are intended for exploration work on the Silver Pony Resources Trout Lake Projects and general working capital [5]
BCM Resources Closes Financing
TMX Newsfile· 2026-02-10 22:30
Core Viewpoint - BCM Resources Corporation has successfully completed a non-brokered private placement, raising a total of $7,180,000 through the issuance of 35,900,000 units, each priced at $0.20 per share, along with a one-year warrant at $0.30 per share [1]. Financing Details - The financing proceeds will be allocated for general corporate purposes and to support the ongoing drilling program at the Thompson Knolls project, which is a Porphyry Cu-Au-Mo discovery [3]. - An insider of the company purchased 4,675,000 units for a total of $935,000, utilizing exemptions from certain regulatory requirements [3]. Warrant and Fees Information - The warrants issued are subject to an acceleration clause, allowing the issuer to accelerate expiration if the share price reaches $0.45 or higher for 20 consecutive trading days [2]. - Total finder's fees amount to $61,250, and additional non-transferable broker warrants were issued [4]. - The placement is pending final approval from the TSX Venture Exchange [4].
Spark's Maiden Drilling Delivers 78-Meters Rare Earth Intercept Grading 2,430 ppm TREO and 94-Meters Grading 63 g/t Ga2O3
TMX Newsfile· 2026-02-10 19:06
Core Insights - Spark Energy Minerals Inc. has reported strong initial drill results from its maiden Reverse Circulation program at the Arapaima Project in Brazil, indicating significant near-surface rare earth and gallium mineralization [1][4]. Exploration Results and Geological Interpretation - Final laboratory assays confirm extensive and continuous rare earth element (REE) and gallium mineralization from surface, consistent with an ionic-adsorption clay (IAC)-style system, recognized as a critical source of heavy rare earths [2][7]. - The first three drill holes intersected broad, continuous intervals of REE mineralization, with Hole ARA-RC003 returning 78 meters of continuous mineralization grading 2,430 ppm Total Rare Earth Oxides (TREO), including high-grade intervals reaching 6,682 ppm TREO [8][12]. - The mineralization includes a high proportion of magnet rare earth oxides (MREO), which constitutes up to 33% of the total rare earth basket, highlighting the presence of elements used in permanent magnet technologies [9]. Gallium Mineralization - All three drill holes also intersected gallium mineralization, with the longest intercept returning 94 meters grading 63 g/t Ga₂O₃ from surface, indicating a multi-commodity critical minerals system at Arapaima [10]. Project Pipeline and Exploration Upside - Spark has identified four drill-ready lithium-bearing pegmatite targets within its broader land package, prioritized for follow-up diamond drilling as part of a staged exploration strategy [16]. - The company controls over 91,000 hectares in the region, providing substantial potential to expand the mineralized footprint beyond the initial drill areas [15]. Strategic Financing - The company is actively evaluating strategic and non-dilutive financing alternatives to accelerate the advancement of both the REE-gallium discovery and its lithium exploration pipeline [17].
Sitka Gold Strengthens Board with Additional Project Development and Capital Markets Expertise
TMX Newsfile· 2026-02-10 14:00
Core Viewpoint - Sitka Gold Corp. has appointed Louis Archambeault as an independent director to its Board, bringing over 20 years of mining industry experience to support the company's strategic development and project advancement [1][2][3][4]. Company Overview - Sitka Gold Corp. is a well-funded mineral exploration company based in Canada, with over $45 million in its treasury and no debt [6]. - The company focuses on exploring economically viable mineral deposits, primarily emphasizing gold, silver, and copper [6]. Recent Developments - The company is advancing its flagship RC Gold Project, which spans 431 square kilometers and has year-round road access [7]. - Sitka has discovered three gold deposits at the RC Gold Project, with significant resources including 1,291,000 ounces of gold in the indicated category and 1,044,000 ounces in the inferred category at Blackjack, as well as 440,000 ounces in the inferred category at Eiger [7]. - An updated technical report is expected to be announced in Q1 of 2026, which will include an initial Mineral Resource Estimate for the newly discovered Rhosgobel deposit [7]. Appointment of Louis Archambeault - Louis Archambeault's appointment is seen as a strategic move to enhance the company's project development capabilities, particularly as it plans a 60,000-meter exploration program and a Preliminary Economic Assessment [4]. - He holds both bachelor's and master's degrees in mining engineering and has a strong background in capital allocation strategy, project financing, and M&A execution [3][4]. Stock Options - In connection with his appointment, Sitka Gold Corp. has granted Mr. Archambeault 700,000 incentive stock options, exercisable at $0.90 per share for three years [5]. Additional Properties - Besides the RC Gold Project, Sitka Gold Corp. has a portfolio of other mineral properties across North America, including the Alpha Gold Project in Nevada, the Burro Creek Gold and Silver Project in Arizona, and the Coppermine River Project in Nunavut, all of which are 100% owned by the company [8].
Puma Exploration Closes the Sale of the Murray Brook West Project
TMX Newsfile· 2026-02-10 13:48
Rimouski, Quebec--(Newsfile Corp. - February 10, 2026) - Puma Exploration Inc. (TSXV: PUMA) (OTCQB: PUMXF) (the "Company" or "Puma") is pleased to announce that Canadian Copper (CSE: CCI) has agreed to fulfill all obligations outlined in the Option Agreement for the Murray Brook West Project, dated March 1, 2024 (see March 4, 2024 News Release) by issuing 1,179,090 CCI shares to Puma, thereby acquiring 100% interest in the project.The original Option Agreement (the "Agreement") between Puma and Canadian Co ...
Storm Exploration LLC: Invitation to PDAC 2026 Booth 7607N
TMX Newsfile· 2026-02-10 13:30
Phoenix, Arizona and Calgary, Alberta--(Newsfile Corp. - February 10, 2026) - Visit Storm Exploration LLC at Booth #7607N at the Prospectors & Developers Association of Canada’s (PDAC) Convention at the Metro Toronto Convention Centre (MTCC) from Sunday, March 1 to Wednesday, March 4, 2026. About Storm Exploration LLCMeet Storm Exploration LLC – a small exploration services company that was created from an ambitious and passionate geophysicist, David Storm. Through a culmination of survey experience in Nor ...
Metalite Announces Closing of Private Placement and Debt Settlement
TMX Newsfile· 2026-02-10 13:23
Core Viewpoint - Metalite Resources Inc. has successfully closed a non-brokered private placement, raising a total of $735,100 through the sale of 4,900,669 units, which will be used for working capital and general corporate purposes [1][3]. Group 1: Private Placement Details - Each unit was sold at a price of $0.15, consisting of one common share and one-half of a common share purchase warrant, with the warrant exercise price set at $0.25, expiring on February 9, 2028 [2]. - The company paid cash finder's fees totaling $12,960 and issued 86,400 broker warrants as part of the private placement [3]. - The private placement is subject to final acceptance by the Canadian Securities Exchange, and all securities issued are subject to a hold period of four months and one day from the date of issuance [7]. Group 2: Debt Settlement - Concurrently with the private placement, the company issued 2,352,277 common shares at a deemed price of $0.15 to settle $352,842 of indebtedness owed to senior management and other service providers [4]. - Following the completion of the private placement and debt settlement, the total number of common shares issued and outstanding is 10,356,459 [4]. Group 3: Shareholder Approval - The private placement and debt settlement required disinterested shareholder approval due to the issuance exceeding 100% of the currently issued shares, which was obtained through a consent resolution on January 27, 2026 [5]. - Certain insiders participated in the private placement, subscribing for 133,333 units for gross proceeds of $20,000, and were also issued 53,333 common shares as part of the debt settlement [6]. Group 4: Company Overview - Metalite Resources Inc. is a Canadian junior mineral exploration issuer focused on precious metals projects in New South Wales, Australia [8].