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King Global Drilling Encounters High-Grade Polymetallic Veins of Silver, Gold, Lead, Zinc and Antimony
Thenewswire· 2025-12-02 14:05
Core Insights - King Global Ventures Inc. has announced positive results from its recent diamond drill program at the Silver Cord Project, indicating the presence of a polymetallic vein system with significant mineralization [1][8][12] Drilling Program Details - The drill program consisted of eight holes totaling 9,000 feet, targeting induced polarization anomalies beneath the historic Silver Cord Mine [1][6] - Significant intersections included high-grade silver, lead, zinc, and antimony mineralization, with notable results from holes SC-25-004 and SC-25-007 [6][8] Mineralization Findings - The drilling confirmed a polyphase Ag-Pb-Zn-Sb vein system within the Spud Mountain stratigraphy, with multiple polymetallic intervals identified [2][8] - High-grade intervals included 619.6 grams (21.8 ounces) per tonne silver and 1,175.0 grams per tonne antimony [6][8] Geological Insights - The results suggest a model for multiple mineralizing pulses and stacked mineralized zones, with the Silver Cord structural corridor acting as a hydrothermal pathway [8][10] - Observed metal zonation indicates a transition from early Zn-Pb-Cu veinlets to broader Ag-Pb-Zn veins, consistent with multi-phase mineralizing systems [9][10] Future Plans - The company plans to initiate the next phase of drilling in Q1 2026 to further explore the high-grade intervals and test the structural corridor [13][12] - The ongoing exploration aims to better understand the geometry and continuity of the mineralized zones [12][13]
Doubleview Provides Cobalt Resource Summary for the Hat Polymetallic Deposit in Advance of Updated MRE and PEA
Newsfile· 2025-12-02 13:45
Core Viewpoint - Doubleview Gold Corp. is preparing to release an updated Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA) for the Hat Polymetallic Deposit, highlighting its significant cobalt resource as a key component of the project [1][4]. Cobalt Resource Summary - The Hat Deposit is noted to potentially contain one of the largest undeveloped cobalt inventories in Canada, with cobalt occurring as a by-product associated with copper and pyrite mineralization [2][4]. - The indicated resource includes 150 million tonnes with 28 million pounds (approximately 12,700 tonnes) of cobalt at a grade of 0.008% Co, while the inferred resource consists of 477 million tonnes with 91 million pounds (approximately 41,300 tonnes) of cobalt at a grade of 0.009% Co [6][11]. Metallurgical Insights - Cobalt is consistently distributed throughout the alkalic porphyry system alongside other metals, and metallurgical tests indicate efficient liberation of cobalt into a clean pyrite concentrate suitable for conventional processing [3][4]. Strategic Importance of Cobalt - Cobalt is classified as a critical mineral by several countries, including Canada and the United States, and is essential for high-performance lithium-ion batteries, superalloys, and clean-energy technologies [5][7]. - The Hat Deposit's location in a Tier-1 jurisdiction and its substantial cobalt endowment enhance its long-term relevance as demand for responsibly sourced battery metals increases [4][8]. Project Development Context - The Hat Deposit has undergone multiple exploration campaigns and is expected to advance through necessary evaluation and development stages, potentially contributing to future domestic cobalt supply [8][10].
Glenstar Hires Alloy Drilling for Phase 2 Drill Program at Green Monster Project
Newsfile· 2025-12-02 13:29
Core Viewpoint - Glenstar Minerals Inc. has engaged Alloy Drilling to conduct a Phase 2 drill program at the Green Monster Project following the approval of a permit by the Bureau of Land Management [1][2]. Drilling Program Details - Alloy Drilling will use a track-mounted reverse circulation drill to execute a plan that includes drilling nine holes across four locations, covering approximately 300 meters of strike length exploration [2]. - The drilling will focus on two holes in the area of primary drilling from Phase 1, three holes in the "discovery" zone 150 meters west of the Phase 1 site, and two holes each at two additional sites further west along a mineralized belt [2]. Survey and Planning - The final determination of drill hole locations will be made in consultation with Hasbrouck Geophysics, Inc., based on a report from a Hybrid-Source Audio-Magnetotellurics Survey conducted in mid-November [3]. - The HSAMT survey data was collected at 50-meter intervals along 13 lines over the target zone, which will aid in optimizing drill hole locations, angles, and depths for potential high-grade mineralization [3]. Company Statements and Engagements - Glenstar's CEO, Dave Ryan, expressed anticipation for the HSAMT survey results, which will inform the final drill location plan, with drilling expected to commence in mid-December and conclude before the Christmas holiday [4]. - The company has extended its engagement with Altura Media Co Inc. for an additional CDN$250,000 to provide marketing and investor awareness services, focusing on enhancing Glenstar's visibility in both domestic and foreign markets [4]. Project Background - The Green Monster Property consists of 35 federal lode claims covering approximately 700 acres in Clark County, Nevada, located about 40 miles southwest of Las Vegas [7]. - Prior to the recent drill program in May 2025, no drilling had been conducted on the property, but previous sampling in 2022 indicated robust nickel-copper with anomalous cobalt, suggesting several targets suitable for shallow drilling [7][8]. Mineralization Findings - Initial groundwork in 2022 included geological mapping and sampling, revealing significant mineralization with channel samples returning 1.18 meters of 3.77% copper, 3.06% nickel, 0.21% cobalt, and 6.83% zinc [8]. - Additional sampling confirmed the presence of high levels of zinc (>10%) and silver (>200 ppm), along with copper, uranium, and lead [8]. Company Overview - Glenstar Minerals Inc. focuses on exploring and developing critical mineral and energy metal properties essential for advanced electronics and energy technologies [9]. - The company's shares are traded on multiple exchanges, including the Canadian Securities Exchange under the symbol "GSTR" [10].
Silver Elephant Announces a $375,000 Non-Brokered Private Placement
Newsfile· 2025-12-02 13:02
Vancouver, British Columbia--(Newsfile Corp. - December 2, 2025) - Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE: 1P2) ("Silver Elephant" or the "Company") is pleased to announce a non-brokered private placement (the "Private Placement") to raise gross proceeds of $375,000 through the sale of 1,500,000 units (the "Units") at a price of $0.25 per unit. Each Unit consists of one common share of the Company (each, a "Share") and one share purchase warrant with each warrant (each, a "Warrant") e ...
Belmont Resources Receives Drill Permit For Crackingstone Uranium-Ree Project, Saskatchewan
Thenewswire· 2025-12-02 13:00
Core Insights - Belmont Resources Inc. has received a multi-year drill permit for its Crackingstone Uranium–REE Project, allowing for extensive exploration activities [1][3][11] - The project is located near Saskatchewan's uranium-rich Athabasca Basin, benefiting from excellent infrastructure and proximity to Uranium City [7][12] - Historical drilling results from 2008 confirmed uranium mineralization across all 20 holes, indicating significant potential for renewed exploration [4][5] Permit Details - The drill permit, known as Crown Land Work Authorization (CLWA), is valid until November 30, 2028, and covers the Crackingstone Project area [2] - The authorization allows Belmont to conduct various exploration activities, including drilling and geophysical surveys [1][2][8] Historical Context - The 2008 drilling program was successful, with all holes intersecting uranium mineralization, but exploration was halted due to the 2008 financial crisis [4][5] - Modern geophysical data supports the potential for significant mineralized corridors, warranting renewed drilling efforts [5][6] Project Preparation - Belmont is finalizing drill locations and preparing for the 2026 drilling program, including contractor selection and access route optimization [6][15] - Preparatory work involves integrating geological and geophysical data into the final drill layout [6] Mineralization Potential - The Crackingstone property has shown historic grab sample grades of up to 15.6% U₃O₈, with previous mining yielding 11 tons at an average grade of 2.3% U₃O₈ [10] - Three major mineralized corridors have been identified, totaling 10 kilometers in length, associated with high-grade uranium occurrences [10]
South Atlantic Gold Expands Pedra Branca Land Package with Two New Tenement Filings and Advances Magnetic Inversion & Structural Targeting
Thenewswire· 2025-12-02 13:00
Core Insights - South Atlantic Gold Inc. has filed two new mineral exploration tenement applications in Ceará State, Brazil, expanding its Pedra Branca land package to over 52,000 hectares [1][2] - The new applications cover approximately 3,970 hectares and are strategically located along priority magnetic and structural features [1][2] - The company is advancing its technical analysis, including magnetic inversion and structural interpretation, to identify priority drill targets [2][5] Technical Progress - 3D susceptibility models from UAV magnetic surveys have been completed, revealing NE-trending structures consistent with shear-related mineralization models [5] - Reduction-to-pole (RTP) processing has improved source localization, highlighting anomalies in underexplored northern blocks [5] - Initial inversion of government TMI/RTP data has been completed, with higher-resolution inversion pending [5] Regional Context - The new tenements include 1,978 hectares across Pedra Branca, Independência, and Boa Viagem municipalities, and 1,992 hectares in Pedra Branca municipality [5] - Regional structures appear to align with project-scale anomalies, reinforcing the broader exploration potential [5]
Lion Rock Drilling Update for High-Grade Gold-Lithium Project at Volney, South Dakota
Newsfile· 2025-12-02 12:20
Core Insights - Lion Rock Resources Inc. is advancing its inaugural drill program at the Volney Project in South Dakota, which has historically produced high-grade gold, lithium, and tin [1][10]. Financial Position - The company completed a financing round of $5.3 million in Q3 2025, providing sufficient funds to support its multi-phase exploration and drilling program at the Volney Project [2]. Drilling Progress - The drill program is progressing well, with multiple holes intersecting sulphide mineralization and strong alteration consistent with high-grade gold mineralization observed at the surface [4]. - All six drill holes targeting pegmatites have encountered spodumene-bearing zones, indicating potential for high-grade lithium [5]. - A total of ten drill holes have been completed, totaling approximately 2,400 meters, targeting both gold-bearing horizons and lithium-bearing pegmatites [5]. Geological Findings - Drill core samples have shown characteristics similar to surface mapping, with grab samples returning up to 14.0 g/t Au [5]. - Spodumene has been identified in multiple pegmatite intercepts, with drillhole VOL25-009 intersecting two spodumene-bearing zones [5]. Project Overview - The Volney Project is strategically located in the Black Hills, a historically significant mining region, and is home to the Giant Volney pegmatite, which remains untested at depth [10]. - The project is accessible year-round and consists of private claims with surface and mineral rights, facilitating rapid permitting and advancement [10].
NevGold Intercepts Highest-Grade Oxide Antimony At Bullet Zone Discovery: 5.51% Antimony Over 4.6 Meters Within 4.00 g/t AuEq Over 41.1 Meters (0.96% Antimony And 0.29 g/t Au) at Limo Butte, Nevada
Globenewswire· 2025-12-02 12:00
Core Insights - NevGold Corp. announced positive high-grade oxide antimony drill results from the newly discovered "Bullet Zone" at its Limousine Butte Project in Nevada, significantly expanding the gold-antimony mineralization footprint [1][3][4] Exploration and Drilling Results - The highest-grade antimony interval drilled to date was 5.51% Sb over 4.6 meters, with an associated gold equivalent of 21.49 g/t AuEq over the same interval [3][9] - The drilling program has confirmed the new geological model, with holes LB25-009 and LB25-002 intercepting gold-antimony mineralization below the older dolomite unit [3][13] - A total of 18 holes have been completed in the current 2025-2026 drill program, with assays pending [3][6] Historical Context and Geological Model - The Limousine Butte Project is a brownfield mine site with historical gold production, and the current exploration is focusing on the antimony potential in previously mined leach pads [3][4][8] - The updated geological model indicates that the older dolomite unit was thrust over the prospective Pilot Shale unit, preserving favorable mineralization at depth [12][17] Strategic Importance of Antimony - Antimony is classified as a "Critical Mineral" by the U.S. government, essential for national security and various technological applications [26][27] - The U.S. government has issued an Executive Order to strengthen domestic mineral production, highlighting the importance of antimony in the context of supply chain security [23][24][25] Future Plans and Objectives - The company plans to continue drilling the Bullet Zone to rapidly advance the Project towards an initial gold-antimony Mineral Resource Estimate [4][6] - The exploration efforts are aligned with the U.S. critical minerals strategy, aiming to support domestic production and reduce reliance on foreign sources [4][23]
NevGold Intercepts Highest-Grade Oxide Antimony At Bullet Zone Discovery: 5.51% Antimony Over 4.6 Meters Within 4.00 g/t AuEq Over 41.1 Meters (0.96% Antimony And 0.29 g/t Au) at Limo Butte, Nevada
Globenewswire· 2025-12-02 12:00
Core Insights - NevGold Corp. announced positive high-grade oxide antimony drill results from the newly discovered "Bullet Zone" at its Limousine Butte Project in Nevada, significantly expanding the gold-antimony mineralization footprint at the Resurrection Ridge target [1][3][4] Company Developments - The highest-grade antimony interval drilled to date was reported at 5.51% Sb over 4.6 meters, with a gold equivalent of 21.49 g/t AuEq over the same interval [3][9] - The company has completed 18 drill holes in the current 2025-2026 drill program, with assays pending [3][4] - Phase 1 antimony-gold sampling of the historically mined leach pads from the Golden Butte pit has been completed, indicating strong antimony-gold potential [3][4][8] Geological Insights - The new geological model has been confirmed with drill holes LB25-009 and LB25-002, which intercepted gold-antimony mineralization below the older thrusted dolomite unit [3][14] - The updated model outlines multiple Au-Sb target corridors, indicating a significant expansion potential for mineralization at the Project [17][19] Strategic Importance of Antimony - Antimony is classified as a "Critical Mineral" by the U.S. due to its strategic importance in military applications and technology [27][28] - The U.S. government has issued an Executive Order to strengthen domestic mineral production, identifying antimony as essential for national security [24][25][26] Market Context - Approximately 90% of the world's antimony supply is produced by China, Russia, and Tajikistan, with recent restrictions on exports from China exacerbating supply chain concerns [28] - The U.S. Department of Defense has designated antimony as a "Critical Mineral," emphasizing the need for domestic production to mitigate supply chain disruptions [28]
Critical One Energy Geophysical Interpretation Identifies Significant Extension Potential to Howells Lake Antimony-Gold Mineralization
Newsfile· 2025-12-02 11:59
Core Insights - Critical One Energy Inc. has identified significant potential expansions to mineralization at its Howells Lake Antimony-Gold Project through advanced geophysical and geological modeling of a recent VTEM airborne survey [1][2] - The new interpretive results confirm the potential for discovering additional areas of mineralization containing both antimony and gold, extending laterally for at least 2 kilometers [1][3] - The Howells Lake Project is positioned as a cornerstone asset with exceptional exploration and development potential for antimony and gold [2] Geophysical Survey Findings - The recent VTEM geophysical survey and geological modeling revealed characteristics of antimony-gold mineralization extending west, northeast, and at depth from previously discovered areas [2] - Modelled EM conductors indicate a steeply dipping stratigraphy extending to depths greater than 300 meters [1][3] - Historical drilling at Howells Lake West Zone intersected up to 4.7% antimony and 25.5 g/t gold over 1.43 meters, while the East Zone showed up to 75% antimony over 8.35 meters [3] Resource and Exploration Potential - The Howells Lake Project hosts a historical resource of 1.7 million tons at a grade of 1.4% antimony with associated gold mineralization, although this resource is not NI 43-101 compliant [4] - Geological mapping and significant drilling will be required to establish a compliant resource estimate [4] - The project is the only significant new antimony-gold project in Ontario, with North American production currently limited to a few sources [3][4] Strategic Positioning - Critical One Energy Inc. is strategically positioned to meet the rising global demand for critical minerals, focusing on antimony and gold exploration in Canada [10] - The company aims to leverage its technical, managerial, and financial expertise to drive growth and deliver value to shareholders [10]