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Meridian Drills Copper Dominated Layers of Ore Grading 28.6m @ 3.5 g/t AuEq (2.6% CuEq) at Cabacal
Newsfile· 2025-07-09 10:30
Core Viewpoint - Meridian Mining UK S has reported significant drilling results from its Cabaçal Au-Cu-Ag VMS project, indicating the presence of multiple stacked layers of high-grade Au-Cu-Ag ore, which are expected to enhance the project's overall resource quality and density modeling as the DFS infill drilling program approaches completion [3][5][6]. Group 1: Drilling Results - The recent drilling results include CD-702, which returned 28.6m at 3.5g/t AuEq (2.6% CuEq) from 127.6m, with notable high-grade intervals [3][7][10]. - Additional intersections include multiple high-grade copper zones with peak grades of 11.0% Cu and 10.6% Cu, indicating strong mineralization potential [7][11]. - The ongoing drill program is focused on the first five-year production area, with results expected to improve grade and density modeling for the Cabaçal DFS [6][9]. Group 2: Exploration Licenses and New Targets - The company has been granted two exploration licenses, opening up the Alvorada target for modern exploration, which has shown promising historical copper anomalies [4][13]. - The Alvorada target has a peak copper-in-stream geochemical value of 164ppm Cu, surpassing previous anomalies in the Cabaçal and Santa Helena areas [13]. - The company is mobilizing staff to commence land access agreements for the newly granted areas, indicating a strategic expansion of exploration efforts [13][16]. Group 3: Cabaçal Project Development - The Cabaçal project has a pre-production capital cost of USD 248 million, with an after-tax NPV5 of USD 984 million and an IRR of 61.2%, highlighting its economic viability [27][30]. - The project is expected to produce 141,000 ounces of gold equivalent over its life, driven by high metallurgical recovery and low operating costs [30]. - The company is advancing its DFS program, including shipping diamond core samples to SGS Canada for metallurgical studies, which will aid in refining the project's development strategy [25][26].
NEW GOLD PROVIDES NOTICE OF RELEASE OF SECOND QUARTER 2025 RESULTS AND CONFERENCE CALL
Prnewswire· 2025-07-07 10:30
Core Insights - New Gold Inc. will release its second quarter 2025 operational and financial results on July 28, 2025, before market open [1] - The company will host a conference call and webcast on the same day at 8:30 am Eastern Time [1] Company Overview - New Gold is a Canadian-focused intermediate mining company with two core producing assets: the New Afton copper-gold mine and the Rainy River gold mine [3] - The company's vision is to be the most valued intermediate gold and copper producer through profitable and responsible mining for shareholders and stakeholders [3] Conference Call Details - Participants can listen to the webcast by registering on the company's website or via a provided link [4] - The conference call can be accessed by calling a toll-free number in North America or an international number, with a passcode required [4] - A recorded playback of the conference call will be available until August 28, 2025, along with an archived webcast on the company's website [4]
Troilus Files Environmental and Social Impact Assessment for the Troilus Copper-Gold Project
Globenewswire· 2025-06-25 11:00
Core Viewpoint - Troilus Gold Corp. has filed the Environmental and Social Impact Assessment (ESIA) for its Troilus Copper-Gold Project, marking a significant milestone in the project's development and advancing it towards construction [1][2]. Group 1: Project Development - The ESIA submission is the result of over five years of baseline studies, technical evaluations, and community engagement, positioning Troilus as one of the largest undeveloped gold and copper projects in North America [2]. - The project is now entering the provincial and federal review process, with final decisions expected by the end of 2026 [6]. Group 2: Environmental and Community Engagement - The ESIA was developed in collaboration with leading environmental and engineering firms, which is expected to streamline the permitting timeline [5]. - Extensive community consultations were conducted with local Indigenous groups, shaping project design and mitigation strategies [10]. Group 3: Project Details - Troilus Gold Corp. holds a large land position of 435 km² in the Frôtet-Evans Greenstone Belt and aims for a large-scale 22-year, 50,000 tons per day open-pit mining operation [8]. - Independent studies confirm that the project's waste rock is non-acid-generating, significantly reducing environmental risks [10].
Antipa Minerals set to unlock gold-copper potential in WA's booming Paterson Province
Proactiveinvestors NA· 2025-06-19 07:01
Core Insights - The Paterson Province in Western Australia is emerging as a global exploration hotspot, attracting major players like Greatland Gold and Rio Tinto, with Antipa Minerals Ltd strategically positioned to capitalize on this trend [1][8]. Company Overview - Antipa Minerals holds over 4,100 square kilometers of exploration tenements and is advancing its flagship Minyari Dome Gold-Copper Development Project, located near significant deposits like Greatland's Telfer mine and Rio Tinto's Winu project [2][9]. - The Minyari Dome project hosts a resource of 2.9 million ounces of gold equivalent, including 2.4 million ounces of gold and 69,000 tonnes of copper, making it a cornerstone of Antipa's growth strategy [9][11]. Exploration and Development - Antipa is expanding its exploration beyond Minyari Dome, focusing on targets like Parklands and Jezabeel, which show large surface gold anomalies [4][20]. - The company is conducting a robust exploration program, including a Phase 1 drilling program with 57 reverse circulation holes and four diamond core holes, aimed at extending known mineralization [15][19]. Financial Position - Antipa has a strong financial position with a cash balance of $40 million and zero debt, allowing for accelerated exploration and development without external funding [23][26]. - The company's market capitalization stands at $437 million, supported by institutional backing from companies like Greatland Gold and IGO [26]. Leadership and Strategy - Antipa is led by an experienced team, including CEO Roger Mason, who has 37 years of experience in exploration and mining operations, providing the company with the necessary expertise to advance its projects [27][32]. - The company is committed to responsible and sustainable development, focusing on building relationships with local communities and stakeholders [31][32]. Future Outlook - Antipa's ongoing drilling campaigns and exploration programs are expected to generate significant news flow throughout 2025, with the potential for new gold and copper discoveries [33].
New Gold Announces Redemption of Remaining Outstanding 7.50% Senior Notes
Prnewswire· 2025-06-11 21:00
Group 1 - New Gold Inc. has announced the redemption of the remaining $111 million aggregate principal amount of its 7.50% Senior Notes due 2027, scheduled for July 15, 2025 [1] - The redemption will be financed through the remaining proceeds from the Company's March 2025 senior notes offering and cash on hand [1] Group 2 - New Gold is a Canadian-focused intermediate mining company with two core producing assets: the New Afton copper-gold mine and the Rainy River gold mine [2] - The Company's vision is to be the most valued intermediate gold and copper producer through profitable and responsible mining for shareholders and stakeholders [2]
美国IPO一周回顾及前瞻:上周有2家企业IPO,9家企业递交申请(含SPAC)
Sou Hu Cai Jing· 2025-06-09 07:43
Core Insights - The article highlights the significant performance of recent IPOs, particularly Circle's record-breaking debut, which saw a first-day increase of 168% and ended the week with a 247% rise [1][2]. Group 1: Recent IPO Performance - Circle Internet Group (CRCL) raised $1.1 billion at a market cap of $7.9 billion, with a first-day return of 168% and a total return of 247% by the end of the week [2][3]. - Omada Health (OMDA) raised $150 million at a market cap of $1.2 billion, achieving a first-day return of 21% [2][3]. - The article notes that Circle's USDC stablecoin holds nearly one-third of the market share, positioning the company to benefit from favorable trends in the cryptocurrency sector [2]. Group 2: Upcoming IPOs - Chime (CHYM) plans to raise $800 million with a projected market cap of $10.5 billion, reporting 8.6 million active members as of March 31, 2025 [6]. - Voyager Technologies (VOYG) aims to raise $303 million with a market cap of $1.6 billion, focusing on defense, national security, and space solutions [7]. - Ategrity Specialty Insurance (ASIC) plans to raise $100 million with a market cap of $719 million, specializing in excess and surplus insurance products for small and medium-sized enterprises [8]. Group 3: New Filings - Three IPOs and two SPACs submitted initial applications last week, including Aura Minerals (AUGO) seeking $100 million, CoastalSouth Bancshares (COSO) seeking $80 million, and Gifts International (GINT) seeking $6 million [3][5]. - HCM III Acquisition (HCMAU) and Cantor Equity Partners II (CEPC.RC) are the two SPACs seeking $220 million and $200 million, respectively [4][5].
U.S. GoldMining to Join Russell 3000 Index
Prnewswire· 2025-06-02 10:00
Core Viewpoint - U.S. GoldMining Inc. has been added to the Russell 3000® Index, marking a significant milestone for the company and reflecting its growth and value creation since its IPO in April 2023 [1][4]. Company Summary - U.S. GoldMining Inc. focuses on the exploration and development of the Whistler Gold-Copper Project, which is located 105 miles (170 kilometers) northwest of Anchorage, Alaska. The project encompasses several gold-copper porphyry deposits and exploration targets across approximately 53,700 acres (217.5 square kilometers) of state mining claims [5]. - The Whistler Project's Mineral Resource Estimate includes 294 million tons at 0.68 g/t AuEq, totaling 6.48 million ounces of AuEq indicated resources, and 198 million tons at 0.65 g/t AuEq, totaling 4.16 million ounces of AuEq inferred resources [5]. Industry Context - The Russell 3000® Index includes the 4,000 largest U.S. stocks ranked by total market capitalization as of April 30, and membership in this index ensures automatic inclusion in either the large-cap Russell 1000® Index or the small-cap Russell 2000® Index, along with relevant growth and value style indexes [2]. - Approximately $10.6 trillion in assets are benchmarked against the Russell US indexes, which are widely utilized by investment managers and institutional investors for index funds and as benchmarks for active investment strategies [3].
U.S. GoldMining Highlights Northern Exploration Targets at the Whistler Gold-Copper Project, Alaska
Prnewswire· 2025-05-27 10:00
Core Insights - The Whistler Gold-Copper Project, located in the West Susitna Mineral District of Alaska, has significant established mineral resources and potential for critical metals like antimony and tungsten [1][15] - The project encompasses three known mineral systems with existing gold-copper-silver deposits and over 25 additional exploration targets identified [1][4] - The exploration methodology includes advanced techniques such as magnetic survey data inversion modeling, which aids in identifying high-priority targets for systematic exploration [1][6] Exploration Potential - The geological analysis indicates a strong potential for resource growth based on successful field seasons in 2023 and 2024, with over 25 individual exploration targets identified [2][4] - The Whistler Orbit area is characterized by a porphyry cluster, which is a primary source of copper globally and can also yield significant amounts of gold, silver, and molybdenum [4][15] - Recent drilling results south of the Raintree West deposit revealed 138.0 meters at 0.99 g/t AuEq, indicating promising mineralization in previously unexplored areas [4][10] Geological Features - The Whistler-Raintree mineral system covers an area of approximately 5 x 5 km and includes multiple mapped porphyry intrusions [4][15] - The region's topography and geological cover necessitate the use of remote sensing techniques, such as airborne magnetic surveying, to explore for mineralization [3][5] - High magnetite concentrations in the area can be targeted for on-ground exploration, with 3D subsurface inversion modeling providing insights into the geometry of magnetic anomalies [6][7] Future Exploration Plans - The company is planning future exploration programs to test the highest-ranking targets identified, with potential activities expected to commence in the upcoming summer [4][11] - The exploration strategy aims to not only assess existing resources but also to build a pipeline of future potential resources for larger mining opportunities [11][15] - The Whistler Project encompasses a total land package of 53,700 acres, with existing deposits making up less than 1% of the total area [4][15]
Troilus Intercepts 2.44 g/t AuEq Over 23m Within Broader Zone of 1.79 g/t AuEq Over 36m; Extends High-Grade Zone to Surface in the Southwest Zone
Globenewswire· 2025-05-22 11:00
Core Insights - Troilus Gold Corp. reported additional positive drill results from the Southwest Zone of its Troilus Project in Quebec, Canada, as part of its 2025 drill campaign aimed at identifying higher-grade mineralization and enhancing confidence in the block model [1][2][4] Southwest Highlights - The drill results indicate strong continuity of higher-grade mineralization at surface, which reinforces the potential to optimize and de-risk the Southwest Zone block model, covering the first five years of the mine plan [2][4] - Drill hole SW-25-681 returned 1.79 g/t AuEq over 36 meters, including 2.44 g/t AuEq over 23 meters, while SW-25-709 returned 1.52 g/t AuEq over 21 meters, including 3.09 g/t AuEq over 5 meters [6][8] - The high-grade core of the Southwest is hosted within transitional to tholeiitic brecciated pillow basalts, with significant mineralization signatures indicating Troilus as one of Canada's largest undeveloped gold-copper projects, with 11.21 million gold equivalent ounces in the indicated category and 1.80 million in the inferred category [7][19] Drilling Program - The drilling program at the Southwest Zone focused on defining high-grade zones for the early years of production, with results extending the enriched ore shoot to surface [5][6] - Drilling in the Southwest Zone is now complete, with assays pending for several holes, and the exploration team will shift focus to advancing near-site and regional field targets [8][9] Future Plans - The company plans to release remaining results in the coming weeks, which will further enhance confidence in the block model and help de-risk the early years of production [4][8] - The next phase of drilling is scheduled for the third quarter of 2025, with opportunities to expand on the highest-grade zones of the Southwest [9]
U.S. GoldMining Provides Update on Exploration Targets at the Whistler Gold-Copper Project, Alaska
Prnewswire· 2025-05-15 10:00
Core Viewpoint - U.S. GoldMining Inc. has provided an update on the exploration results for the Whistler Gold-Copper Project, highlighting significant potential for further discoveries and resource development in Alaska [1][4]. Exploration and Resource Potential - The Whistler Project contains three mineral systems: Whistler - Raintree, Island Mountain, and Muddy Creek, with existing deposits and numerous undrilled targets identified [2][5]. - The current mineral resource estimate includes 294 million tonnes (Mt) at 0.68 grams per tonne (g/t) gold equivalent (AuEq) for 6.48 million ounces (Moz) AuEq indicated, and 198 Mt at 0.65 g/t AuEq for 4.16 Moz AuEq inferred [8]. - The existing deposits occupy only approximately 1% of the Company's land holdings, indicating broader exploration potential across the 53,700 acres of State mining claims [3][5]. Infrastructure and Economic Assessment - The Whistler Project is strategically located near major infrastructure and is expected to benefit from the planned West Susitna Access Road, enhancing its economic viability [4]. - An initial economic assessment has been launched for the known gold-copper deposits, with exploration programs designed to run concurrently to maximize the project's potential [5][6]. Geological Analysis and Future Plans - Geological analysis indicates significant potential for further discoveries based on previous drilling campaigns and ongoing exploration efforts [4][6]. - The Company is prioritizing numerous targets across the identified mineral systems and plans to develop phased exploration programs starting in the summer [5][6]. Recent Discoveries - Notable drill results include the longest intercept of consistent mineralization at the Whistler Deposit, measuring 652.5 meters at 0.73 g/t Au, and a new discovery near Raintree West of 138.0 meters at 0.99 g/t AuEq [11].