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Scottie Announces $23.5 Million Non-Brokered Financing
Newsfile· 2025-11-17 12:30
Vancouver, British Columbia--(Newsfile Corp. - November 17, 2025) - Scottie Resources Corp. (TSXV: SCOT) (OTCQB: SCTSF) (FSE: SR80) ("Scottie" or the "Company") is pleased to announce a non-brokered private placement offering of up to 10,981,308 charitable flow-through shares of the Company ("Charity FT Shares") at a price of $2.14 per Charity FT Share for gross proceeds of up to $23,500,000 (the "Offering"). Each Charity FT Share will qualify as a "flow-through share", within the meaning of subsection 66( ...
Revival Gold Intersects 1.4 g/T Oxide Gold Over 44.2 Meters in Shallow Drilling and Extends Mineralization at Mercur
Globenewswire· 2025-11-17 12:30
Core Viewpoint - Revival Gold Inc. is reporting positive results from ongoing drilling at the Mercur Gold Project in Utah, indicating strong exploration potential and alignment with the project's Preliminary Economic Assessment (PEA) results [3][4]. Summary by Sections Company Overview - Revival Gold Inc. is a significant gold mine developer in the United States, focusing on the Mercur Gold Project in Utah and the Beartrack-Arnett Gold Project in Idaho [17]. Drilling Results - The company has completed 100 drill holes totaling approximately 10,000 meters of a planned 13,000-meter drilling program [4][6]. - Recent assay results from eleven drill holes show significant gold intersections, including: - 1.4 g/T gold over 44.2 meters in RM25-117 - 1.0 g/T gold over 24.4 meters in RM25-120 - 1.7 g/T gold over 12.9 meters in RMC25-017 - 0.9 g/T gold over 24.4 meters in RM25-113 [6][8]. - The average intercept depth starts at 45 meters, highlighting the shallow nature of the Mercur gold deposit [6]. Economic Assessment - The PEA estimates for Mercur are based on a gold price of $2,175 per ounce, while the current long-term consensus price is around $3,000 per ounce, suggesting significant upside potential for investors [3]. Resource Expansion Potential - Drilling results confirm the occurrence, grade, and leachability of gold, with a weighted average fire assay gold grade of 0.73 g/T and an AuCN/AuFA ratio of 83%, indicating good recoverability [8][6]. - The RM25-120 intercept shows potential for resource expansion down-dip from the 2025 PEA pit shell [6][4]. Future Plans - Drilling continues with three rigs at Mercur and one at Beartrack-Arnett in Idaho, with additional results pending [6].
Radius Gold Appoints VP Exploration to Lead Growth of Exploration Portfolio
Thenewswire· 2025-11-17 12:00
Core Insights - Radius Gold Inc. has appointed Mr. Alejandro Ly as Vice President of Exploration, bringing over 25 years of experience in mineral discovery across the Americas [1][2] - Mr. Ly has a notable track record, including the discovery of the 15+ million ounces Goldrush deposit in Nevada and contributions to the 30 million ounces Donlin Gold deposit in Alaska [3] - The company is focused on advancing the Tierra Roja copper project and expanding its project pipeline in Peru, Mexico, and the U.S. [4][5] Company Developments - Mr. Ly will lead the technical team and oversee project evaluation and field operations, with an immediate focus on the Tierra Roja project [4] - Radius has completed extensive geological mapping, sampling, and target definition at the Tierra Roja project, preparing for drilling [5][6] - The project area is uninhabited and located on federal land, with all necessary permissions for drilling obtained except for a final administrative access waiver [6][8] Drilling Program Status - Radius has defined initial drill targets, constructed drill pads, engaged drilling contractors, secured water supply, and received the Environmental Permit [7] - The company is ready to commence drilling immediately upon receipt of the final authorization [8] - The team in Peru has worked continuously to complete the required technical, environmental, and logistical steps, expressing frustration over the delay in receiving the final access authorization [8]
Manitoba Mineral Development Fund Grants Canadian Gold Corp. $300,000 to Expand Exploration Program
Newsfile· 2025-11-17 12:00
Manitoba Mineral Development Fund Grants Canadian Gold Corp. $300,000 to Expand Exploration ProgramNovember 17, 2025 7:00 AM EST | Source: Canadian Gold Corp.Flin Flon, Manitoba--(Newsfile Corp. - November 17, 2025) - Canadian Gold Corp. (TSXV: CGC) ("Canadian Gold" or the "Company") is pleased to announce that it has been approved for an additional $300,000 grant from the Manitoba Mineral Development Fund ("MMDF"). In total, the MMDF has granted Canadian Gold $900,000 since 2023, which has be ...
Barrick's Breakup Rumors, North America Versus The World - Barrick Mining (NYSE:B)
Benzinga· 2025-11-17 11:48
Core Viewpoint - Barrick Mining Corporation is reportedly considering a potential breakup into two separate companies, one focused on North America and the other on operations in Africa and Asia [1][3]. Group 1: Company Structure and Strategy - The split is in exploratory stages, with discussions including the possibility of selling African mines and divesting the Reko Diq copper-gold project in Balochistan once financing is secured [3]. - The North America-focused entity would include the Fourmile gold discovery in Nevada, which is expected to begin test production in 2029 [4]. - A potential split could help re-price Barrick's North American assets and protect the company from takeover bids while new leadership determines the best strategic direction [8]. Group 2: Asset Performance and Challenges - Barrick's stock has increased over 138% year-to-date, driven by record gold prices, although the company has underperformed compared to peers like Newmont Corporation and Agnico Eagle Mines Limited in the long term [7]. - The future of key assets is uncertain, particularly in Mali, where the company lost control of the Loulo-Gounkoto complex, which produced 723,000 ounces of gold in 2024 [5]. - The Reko Diq project in Pakistan, despite being one of the largest undeveloped copper-gold deposits, faces challenges due to political instability in Balochistan, complicating financing efforts [6].
AuMEGA Metals Commences Diamond Drilling on Major Electromagnetic Target at Cape Ray
Newsfile· 2025-11-17 11:30
Core Viewpoint - AuMEGA Metals Ltd has initiated a diamond drilling program at its Cape Ray Project in Newfoundland and Labrador, marking a significant advancement in its exploration efforts aimed at discovering new gold resources [2][8]. Exploration Strategy - The company employs a systematic exploration strategy that has identified compelling targets within the Cape Ray Shear Zone (CRSZ), focusing on a newly defined airborne electromagnetic (EM) conductor near the high-grade Central Zone deposits [3][4]. - The EM conductor measures approximately 500 metres by 1,000 metres and is located 500 metres southeast of the Central Zone, which has not been previously drill tested [4][9]. Drilling Program Details - The drill program is fully funded and will commence with one diamond rig, with the potential to scale up to a second rig based on initial results [10]. - The initial drilling will target priority structures within the EM anomaly, which is believed to represent a new gold-bearing trend parallel to the Central Zone [9][10]. Historical Context and Potential - The area has been historically overlooked due to lack of surface exposure but is situated on a structural network similar to that of the Central Zone, which previously yielded a standout gold heavy mineral concentrate sample of 111.5 g/t [7][8]. - The company has identified several drill targets within the EM anomaly and is optimistic about the potential for new discoveries in this underexplored area [8][9]. Additional Exploration Efforts - AuMEGA has recently completed a till geochemical survey over the Isle aux Morts Granite, another high-priority target within the identified multi-kilometre gold corridor, with results expected soon [12][13]. - The company plans to refine drill locations for Cape Ray West based on the upcoming survey results and is prepared to mobilize for additional drilling if conditions allow [13]. Company Overview - AuMEGA Metals Ltd operates on a district-scale land package spanning 110 kilometers along the Cape Ray Shear Zone, recognized as Newfoundland's largest identified gold structure [15]. - The company currently holds a defined gold Mineral Resource of 6.2 million tonnes grading an average of 2.25 g/t, totaling 450,000 ounces of Indicated Resources, and 3.4 million tonnes grading an average of 1.44 g/t, totaling 160,000 ounces in Inferred Resources [17].
NatGold Digital Announces First Gold Resource Submission for Tokenization, a Major Milestone as the Company Prepares for Tokenization Launch
Prnewswire· 2025-11-17 11:01
Accessibility StatementSkip Navigation MIAMI, Nov. 17, 2025 /PRNewswire/ -- NatGold Digital Ltd. ("NatGold" or the "Company") today announced the receipt of its first official supply-side submission for NatGold Tokenization Approval. The application was submitted by NatBridge Resources Ltd. ("NatBridge") (CSE: NATB | OTC: NATBF | FSE: GI80) for the tokenization of the subsurface mineral rights associated with Land Parcels 45 and 46 within the Cahuilla Gold Project, located in Imperial County, California. Th ...
2025 Drilling Program Confirms Robust Mineralized Gold System Offering Significant Growth Potential at Martiniere
Globenewswire· 2025-11-17 10:00
TORONTO, Nov. 17, 2025 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX: WM, OTCQB:WLBMF) (“Wallbridge” or the “Company”) is pleased to announce the final results from the remaining 13 holes of the second phase of its 2025 drilling program (“Phase 2”) at its 100% owned Martiniere gold project (“Martiniere”). These results reinforce the strong expansion potential of the Martiniere gold system, confirming the continuity of the Dragonfly shear corridor as laterally and vertically extensive system of ...
2025 Drilling Program Confirms Robust Mineralized Gold System Offering Significant Growth Potential at Martiniere
Globenewswire· 2025-11-17 10:00
TORONTO, Nov. 17, 2025 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX: WM, OTCQB:WLBMF) (“Wallbridge” or the “Company”) is pleased to announce the final results from the remaining 13 holes of the second phase of its 2025 drilling program (“Phase 2”) at its 100% owned Martiniere gold project (“Martiniere”). These results reinforce the strong expansion potential of the Martiniere gold system, confirming the continuity of the Dragonfly shear corridor as laterally and vertically extensive system of ...
Paul Singer's Elliott Targets Gold, Consumer Staples With New Puts — Bets Big On Tech - VanEck Gold Miners ETF (ARCA:GDX)
Benzinga· 2025-11-17 09:53
Core Viewpoint - Elliott Investment Management has shifted its market strategy by increasing bearish positions against gold miners while establishing bullish positions on the Nasdaq 100, indicating a complex market outlook [1][2][3]. Summary by Category Market Position Changes - Elliott increased its put position on the VanEck Gold Miners ETF (GDX) by adding 7.5 million shares, bringing total holdings to 11.5 million shares valued at $878.6 million, reflecting a strong bearish sentiment towards the mining sector [2][3]. - The firm initiated a bullish position by purchasing call options on the Invesco QQQ Trust (QQQ), valued at $750.4 million, indicating a positive outlook on the Nasdaq 100 [3]. Strategic Exits and New Positions - Elliott closed its largest single position from the previous quarter, a $1.33 billion put option on the SPDR S&P 500 ETF (SPY), suggesting a shift away from a general bearish stance [3][4]. - The firm established a $1.175 billion put position on the Consumer Staples Select Sector SPDR Fund (XLP) and a $714.7 million put option on the Energy Select Sector SPDR Fund (XLE), indicating targeted bearish strategies in specific sectors [5]. Portfolio Value Changes - Elliott's total 13F portfolio value increased from $17.6 billion to $22.7 billion during the quarter, reflecting active management and strategic repositioning [6]. - Significant changes in the portfolio include new put options on Consumer Staples and Energy sectors, increased put options on gold miners, and new call options on the Nasdaq 100 [8].