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Aurania Directors Receive Stock Options in Lieu of Fees
Newsfile· 2025-10-01 11:00
Toronto, Ontario--(Newsfile Corp. - October 1, 2025) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) ("Aurania" or the "Company") announces that its Board of Directors have agreed to receive their quarterly director fees in the form of stock options in lieu of cash for the third quarter of 2025. For more information, see press releases dated March 31, 2025, and July 1, 2025. On September 30, 2025, each director was granted 42,000 stock options at an exercise price of $0.145 in lieu of their ...
Silver47 Completes Successful Red Mountain Drill Program and Intersects Massive Sulfides in Multiple Holes
Newsfile· 2025-10-01 10:00
Silver47 Completes Successful Red Mountain Drill Program and Intersects Massive Sulfides in Multiple HolesThe Red Mountain Deposit Remains Open to Expansion in Multiple Directions with Assays PendingOctober 01, 2025 6:00 AM EDT | Source: Silver47 Exploration Corp.Vancouver, British Columbia--(Newsfile Corp. - October 1, 2025) - Silver47 Exploration Corp. (TSXV: AGA) (OTCQB: AAGAF) ("Silver47" or the "Company") is pleased to announce the completion of its summer 2025 drill program at its wholly ...
Trident Resources Initiates Exploration Program at Greywacke and Hailstone Properties in Saskatchewan
Globenewswire· 2025-10-01 07:05
Core Insights - Trident Resources Corp. is launching a geological mapping and geochemical sampling program at its Greywacke and Hailstone properties in Saskatchewan to identify and expand known gold showings for future drill targeting [1][2] - The La Ronge Gold Belt is highlighted as an underexplored area with significant potential for multi-million-ounce gold deposits, particularly at the Greywacke property [3][10] Exploration Program - The upcoming field program will primarily focus on the Greywacke Property, which contains a historical mineral resource estimate from 2021 [2] - The Greywacke Gold Deposit extends several kilometers and includes known showings such as Lyons Zone, Hoover Lake, Wasp Lake, and Closure Lake [2][4] - Initial work will also commence at the Hailstone Property, for which the company has signed an option agreement to acquire a 100% interest [2] Geological Details - The Greywacke Lake Gold Project is located approximately 88 km northeast of La Ronge and covers 16,078 hectares [4] - The project area consists of three sub-parallel zones along a 7 km mineralization trend, with the Greywacke North Gold Deposit located in the North Zone [4] - Significant mineralized targets along the Wacke trend include Closure Lake and Lyons Zone Showings, which are hosted by the same geological unit as the Greywacke North Deposit [4][5] Resource Estimates - The Greywacke North Deposit has a historical mineral resource estimate of 101,000 ounces of gold at 4.90 g/t (Indicated) and 54,000 ounces at 4.24 g/t (Inferred) [7][8] - Other showings such as the Hoover Gold Showing and Wasp Lake Showing also contain visible gold and are geologically similar to the Greywacke North Deposit [5][6] Company Position - The company has expanded its initial drill program at the Contact Lake Gold Project from 5,000 meters to over 6,500 meters due to promising early visuals of mineralization [3] - Trident Resources is fully funded with over C$12.5 million in its treasury, indicating strong financial backing for its exploration activities [3]
Mirasol Signs Agreement for the Sale of the Sascha-Marcelina Projects in Argentina for US$1.5 Million Plus Royalty
Globenewswire· 2025-10-01 01:02
Core Viewpoint - Mirasol Resources Ltd has signed a binding agreement with Andara Mining Pty Ltd, granting exclusive rights to acquire mineral rights for the Sascha Project and assigning the option to purchase the Marcelina Project, aiming to unlock value from non-core assets and strengthen its balance sheet with a payment of US$1.5 million [1][3][9] Agreement Terms - The total consideration for the Sascha-Marcelina Projects Agreement is US$1,500,000, with conditions to be met on or before November 30, 2025 [3][5] - Upon completion, Andara Mining will earn a 100% interest in the Sascha Project and assume rights related to the Marcelina option [4] - Mirasol will retain a 1.5% Net Smelter Return (NSR) royalty, with Andara Mining having a right of first refusal for any potential sale and options to buy back portions of the NSR royalty [4][9] Project Overview - The Sascha Project was staked in 2003, covering a 5 km-long vein zone, and the Marcelina Project was added in 2019, consolidating the two properties [6][8] - Mirasol has conducted extensive exploration activities, including geological mapping and drilling, which have defined a significant alteration footprint indicative of a large-scale gold-silver system [10][12] Financial Implications - The US$1.5 million payment will enhance Mirasol's financial position and support its exploration plans [3][9] - Mirasol has staged option payments totaling US$3.75 million for the Marcelina claims, with specific payment deadlines set for 2025, 2026, and 2027 [7]
Mirasol Signs Agreement for the Sale of the Sascha-Marcelina Projects in Argentina for US$1.5 Million Plus Royalty
Globenewswire· 2025-10-01 01:02
Core Viewpoint - Mirasol Resources Ltd has signed a binding agreement with Andara Mining Pty Ltd, granting exclusive rights to acquire mineral rights for the Sascha Project and assigning the option to purchase the Marcelina Project, aiming to unlock value from non-core assets and strengthen its balance sheet with a payment of US$1.5 million [1][3][9] Agreement Terms - The total consideration for the Sascha-Marcelina Projects is US$1,500,000, with conditions to be met on or before November 30, 2025 [3][5] - Upon completion, Andara Mining will earn a 100% interest in the Sascha Project and assume rights related to the Marcelina option [4] - Mirasol will retain a 1.5% Net Smelter Return (NSR) royalty, with Andara Mining having a right of first refusal for any potential sale and options to buy back portions of the NSR royalty [4][9] Project Overview - The Sascha Project was staked in 2003, covering a 5 km-long vein zone, and the Marcelina Project was added in 2019 through an option-to-purchase agreement [6][8] - Mirasol has conducted extensive exploration activities, including geological mapping and drilling, which have defined significant mineralization zones and a large alteration footprint [10][12] Financial Implications - The US$1.5 million payment will enhance Mirasol's financial position and support future exploration plans [3][9] - Mirasol has staged option payments totaling US$3.75 million for the Marcelina claims, with specific payment deadlines set for 2025, 2026, and 2027 [7]
Vortex Metals Upsizes Non-Brokered Private Placement
Newsfile· 2025-09-30 21:00
Vancouver, British Columbia--(Newsfile Corp. - September 30, 2025) - Vortex Metals Inc. (TSXV: VMS) (FSE: DM8) (OTCQB: VMSSF) ("Vortex" or the" Company ") announces that further to its news release dated September 11, 2025, due to strong interest from investors, it has increased the size of its previously announced non-brokered private placement of securities (the "Offering") from up to 15,000,000 units (the "Units") to up to 17,500,000 Units at a price of $0.04 per Unit. Each Unit will be comprised of one ...
SAGA Metals Announces Non-Brokered Private Placement
Globenewswire· 2025-09-30 20:30
Core Viewpoint - SAGA Metals Corp. is initiating a non-brokered private placement financing to raise up to C$2,988,000, aimed at advancing exploration activities at its Radar Ti-V-Fe Project in Labrador, Canada, which is critical for the global energy transition [1][9]. Financing Overview - The financing consists of two components: 7,100,000 flow-through common share units (FT Units) priced at C$0.28 each, expected to generate C$1,988,000, and 4,000,000 hard dollar common share units (HD Units) priced at C$0.25 each, expected to generate C$1,000,000 [1][2]. - Each FT Unit includes one flow-through common share and one transferable common share purchase warrant, allowing the purchase of one-half of a common share at C$0.50 for 24 months [2]. - Each HD Unit consists of one common share and one-half of a warrant, with similar terms for the warrant [3]. Use of Proceeds - Proceeds from the FT Units will be allocated to Canadian exploration expenses related to critical mineral mining on the company's properties, while net proceeds from the HD Units will support administrative and general working capital, including investor relations activities [6]. Project Development - SAGA's field team is preparing for a 15,000-meter drill program at the Radar Ti-V-Fe Project, focusing on the Trapper Zone, which has a 3+ km strike length of oxide mineralization [9][10]. - The preparation phase includes trench mapping, surveying, and establishing camp infrastructure to optimize drilling execution [9][10][13]. - The Radar Property benefits from excellent infrastructure, including all-season road access and proximity to a deep-water port, covering 24,175 hectares [14][27]. Geological Insights - The Radar Project is located in a significant titanium–vanadium–iron resource province, with geological features comparable to major global deposits [15]. - Early geological mapping has identified oxide layering over more than 20 km, with mineralized zones open for expansion [16]. Previous Drilling Results - SAGA's maiden drill program in early 2025 confirmed broad zones of titanomagnetite-rich oxide layering, with promising grades of titanium dioxide, vanadium pentoxide, and iron [18]. - The highest vanadium pentoxide assays were found in the lower 100-200 meters of the Lower Cumulate Layer, indicating a strong potential for further exploration [18].
Forge Resources Intersects Additional Visible Gold in First Hole of Phase II Alotta Drill Program, Yukon
Newsfile· 2025-09-30 12:30
Core Insights - Forge Resources Corp. has announced the initial findings from the first diamond drill hole of the Phase II drill program at the Alotta gold-copper porphyry property, indicating the presence of visible gold in polymetallic veins [1][2][5] - The drilling at the Payoff Zone has successfully intersected gold-bearing mineralization, expanding the known strike length to 500 meters, with ongoing drilling at the Alimony Target [5][8][9] Drilling Results - The first hole, ALT-25-012, encountered numerous occurrences of visible gold from a sulphide-rich quartz vein, with significant veining and alteration observed throughout the hole [5][6][13] - The Payoff Zone has shown consistent mineralization across all tested holes, with widespread quartz-sulphide veining and a notable discovery interval of 219 meters grading 0.46 g/t Au from a previous drill [8][20] - The Alimony Target, a new area being drilled, is characterized by a 300 x 500 meter gold and molybdenum soil anomaly that has not been previously tested [5][9] Geological Context - The Alotta property consists of 230 mineral claims covering approximately 4,723 hectares, situated in a geological setting similar to the Casino deposit, one of the largest undeveloped copper-gold porphyry projects globally [20][22] - The mineralization at the Payoff Zone is thought to be peripheral to a large porphyry center, with significant near-surface alteration and veining observed [8][16] Future Plans - The company plans to complete an additional 3-4 drill holes during the current program, with ongoing analysis of drill core from ALT-25-012 [1][9][19] - The CEO expressed optimism regarding the potential for significant mineralization throughout the Alotta property as drilling continues [10][21]
PTX Metals Inc. Announces First Closing of Private Placement
Newsfile· 2025-09-30 12:30
Toronto, Ontario--(Newsfile Corp. - September 30, 2025) - PTX Metals Inc. (TSXV: PTX) ("PTX" or the "Company") is pleased to announce the closing of the first tranche (with additional closing anticipated to be completed this week) of its previously disclosed non-brokered private placement of hard dollar and charity flow-through units (see news releases dated September 8, 2025, September 16, 2025 and September 28, 2025). Under the first closing the Company issued a total of 5,333,333 charity flow-through un ...
Western Star Resources Grants Stock Options
Thenewswire· 2025-09-30 12:05
 Vancouver, British Columbia – TheNewswire - September 30, 2025 - Western Star Resources Inc. (CSE: WSR; OTCQB:WSRIF) (the “Company” or “Western Star”) announces that it has granted an aggregate of 400,000 stock options to certain directors, officers, employees, and consultants of the Company.Each option is exercisable to purchase one common share of the Company at a price of $0.20 per share for a period of three (3) years from the date of grant. The options are subject to the terms of the Company’s stock ...