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Magna Terra Expands Land Position in Northern New Brunswick; Acquires the Oxford Project
TMX Newsfile· 2026-01-29 13:00
Core Viewpoint - Magna Terra Minerals Inc. has acquired the Oxford Project in northern New Brunswick, which consists of 5 mineral claims totaling 3,400 hectares, enhancing its presence in an emerging gold district [1][3]. Acquisition Details - The acquisition was made through an option agreement, allowing the company to earn a 100% interest by making payments totaling $100,000 over four years, starting with an initial payment of $5,000 [12]. - The Optionor retains a 1.5% net smelter royalty on the sales of metals and minerals mined from the property, with the company having the option to purchase 0.5% of the NSR for $500,000 [12][13]. Project Highlights - The Oxford Project is located 7 kilometers from the Puma Exploration - Kinross Williams Brook gold project and is situated along a 14-kilometer section of the Rocky Brook-Millstream Fault [2][9]. - Previous exploration has revealed high-grade polymetallic mineralization, with grab samples showing up to 59.1 g/t Ag, 8.9% Zn, 5.16% Pb, and 2.71 g/t Au [2][9]. Geological Context - The project is centered on mid-Ordovician felsic volcanic rocks, known to host orogenic gold mineralization, and has seen exploration efforts since 2013 [6][11]. - Historical exploration has identified multiple targets, with significant mineralization discovered through trenching and sampling [7][8]. Future Plans - The technical team will compile historic data and plan a field program for spring/summer 2026 to further explore the project [4]. - The company aims to enhance shareholder value by acquiring early-stage precious and critical metal projects in under-explored regions [3]. Company Overview - Magna Terra Minerals Inc. focuses on precious and critical metals exploration, with projects in Atlantic Canada and Argentina, and aims to minimize shareholder dilution through strategic partnerships [18].
North American Niobium and Critical Minerals Corp. Plans High-Resolution Magnetic Drone Survey at Bardy and Blanchette Properties, Québec
Globenewswire· 2026-01-29 12:30
Core Viewpoint - North American Niobium and Critical Minerals Corp. is planning a high-resolution magnetic drone survey over its Bardy and Blanchette properties to enhance its exploration strategy for rare earth elements and niobium mineralization [1][7]. Planned UAV Magnetic Survey Overview - The UAV magnetic survey will cover approximately 191 line-kilometers with flight lines spaced 50 meters apart at an altitude of 20-30 meters above ground level, utilizing a Scintrex Cs-VL magnetometer [3][8]. - The survey aims to generate detailed magnetic data to assist in identifying structural and lithological trends associated with prospective REE-Nb-bearing granitic pegmatites [4][8]. Exploration Rationale and Next Steps - The properties have shown areas of interest based on recent positive grab sample results, which support further systematic follow-up targeting [5]. - After the survey, the company plans to integrate the magnetic data with existing geological observations to refine priority areas for follow-up mapping and sampling [6]. Company Background - North American Niobium and Critical Minerals Corp. focuses on the acquisition and development of precious, base, and critical mineral assets, including properties in British Columbia and Quebec that are strategically important for energy and defense applications [9].
Golden Spike Soil Sampling Outlines Gold-Zinc-Copper-Arsenic Anomalies at Gregory River
TMX Newsfile· 2026-01-29 12:30
Core Insights - Golden Spike Resources Corp. announced positive results from soil sampling surveys at its Gregory River Copper-Gold Property in Newfoundland, particularly highlighting the Lower Mitchell, Steep Brook North, and Vein Zone East target areas [1][4]. Lower Mitchell Soil Sampling Highlights - A 600 m strike length of coincident gold-zinc-copper and arsenic soil anomalies was identified, indicating significant exploration potential [4][7]. - Soil sampling covered an area of approximately 550 m by 560 m, with 225 samples collected along twelve lines spaced 50 m apart [5][6]. - Individual soil grades reached up to 885 ppb gold, 1,520 ppm zinc, 1,797 ppm copper, and >10,000 ppm arsenic, with the majority of the target remaining unexplored [7][10]. Steep Brook North Soil Sampling Highlights - A grid of soil samples was collected over an area of approximately 2.6 km by 2.0 km, with 623 samples taken [20]. - Anomalies for copper and gold were identified along a northeast trend, potentially representing the continuation of the Steep Brook Zone [22]. - Significant previous drill results in the area included 1.29% copper and 0.19 g/t gold over 1.5 m, indicating the potential for further exploration [22]. Vein Zone East Soil Results - Soil sampling at the Vein Zone East target yielded low analytical results, with no significant anomaly trends identified [29][30]. - A small amount of regional prospecting was conducted, resulting in weakly anomalous values of copper and gold in two samples collected north of the Camp Brook prospect [30][31]. Next Steps - The technical team will integrate soil results with data from previous drilling and geophysical surveys to plan further exploration, including diamond drilling at Lower Mitchell [36]. - The Lower Mitchell target is noted for its accessibility, which will facilitate exploration efforts [36].
SAGA Metals Commences 2026 MRE Drill Program at Radar Critical Minerals Project in Labrador
Globenewswire· 2026-01-29 12:30
Core Insights - SAGA Metals Corp. has commenced the 2026 phase of its maiden Mineral Resource Estimate drill program at the Trapper Zone within the Radar Titanium-Vanadium-Iron Project in Labrador, Canada [1][2] Drilling Program Details - The current drilling phase aims to expand and confirm extensive oxide zones identified in previous drilling, with the first hole, R-0016, initiated on Section S8 [2] - A total of 30 drill holes are planned, with the initial 10 expected to be completed within approximately five weeks, transitioning to the central portion of Trapper South thereafter [2][3] - All drill holes are designed with a -45° dip and 38° N-NE azimuth, targeting a prospective zone of rhythmic banding expected to range from 125 to 200 meters in width [3] Previous Drilling Results - Previous drilling in Q4 2025 demonstrated consistent high-grade titanium-vanadium-iron mineralization, with significant oxide concentrations across multiple zones [3] - Confirmed mineralization in 15 out of 15 drill holes completed in two primary zones, with notable intercepts including: - R-0010: 135.50 m grading 50.03% Fe₂O₃, 7.87% TiO₂, and 0.352% V₂O₅ - R-0011: 95.15 m grading 39.49% Fe₂O₃, 6.49% TiO₂, and 0.220% V₂O₅ - R-0009: 87.20 m grading 50.67% Fe₂O₃, 10.15% TiO₂, 0.339% V₂O₅ - R-0008: 67.60 m grading 46.15% Fe₂O₃, 9.21% TiO₂, 0.311% V₂O₅ - R-0007: 57.70 m grading 27.09% Fe₂O₃, 5.31% TiO₂, 0.365% V₂O₅ [11] Project Highlights - The Radar Property spans 24,175 hectares and hosts the entire Dykes River intrusive complex, with geological mapping confirming oxide layering across more than 20 km of strike length [10] - The project is positioned as a potential strategic supplier of titanium, vanadium, and iron to North American markets, comparable to global Fe–Ti–V systems [12] Infrastructure and Accessibility - The Radar Project is well-serviced by road access, a deep-water port, nearby hydro-electric power, and an airstrip, enhancing its operational viability [11] Investor Relations and Marketing - The company has engaged multiple firms for investor relations and marketing services, including GMN for European marketing at a fee of $6,800 per month, and i2i Marketing Group with an increased budget of US$250,000 for corporate marketing services [16][17]
Total Metals commences Exploration Drilling on its Critical Minerals Electrolode Project - Red Lake, Ontario
Thenewswire· 2026-01-29 12:05
Core Viewpoint - Total Metals Corp. has initiated diamond drilling at its Electrolode critical minerals exploration project in Red Lake, Ontario, targeting high-potential mineral resources, including copper and gold [1][9]. Group 1: Exploration Program - The drill program will consist of a minimum of 5,500 meters aimed at confirming and expanding historic results, testing electromagnetic conductors, and assessing metal ratios for higher value copper-gold mineralization [2]. - The first phase targets the Arrow Zone and adjacent Garnet Zone, with plans to explore a 6-kilometer trend of discontinuous EM conductors [3]. - A complex fold pattern in the southwest area of the property, identified through 3D inversion modeling, suggests potential for higher copper grades and exploration opportunities [4]. Group 2: Resource and Target Assessment - The company considers historic resources as indicative of potential higher copper grades, with exploration focusing on structurally modified areas such as fold hinges [4]. - High-grade gold values have been documented in the D zone, with ongoing testing to determine the nature of these gold occurrences [4]. - The results from the current drill program will be crucial for prioritizing future exploration efforts aimed at resource expansion [4]. Group 3: Marketing and Financial Engagement - Total Metals has engaged i2i Marketing Group LLC for a one-month media services agreement, with a total consideration of US$250,000 for marketing services [5]. - The agreement can be extended on a month-to-month basis for the same amount, subject to TSX Venture Exchange approval [5]. - The company has granted 1,162,000 Restricted Stock Units (RSUs) to directors, officers, and consultants, which will vest in 12 months [8]. Group 4: Company Overview - Total Metals Corp. owns the Electrolode Project, covering over 3,300 hectares in northwestern Ontario, targeting critical minerals and gold resources near major mining operations [9]. - The project is fully permitted for exploration drilling and includes 10 historic mineralized zones with significant expansion potential [9]. - The company also owns the High Lake and West Hawk Lake Projects, covering 958 hectares along the Manitoba/Ontario border, with significant exploration potential in the Purex Zone [9].
Silver Valley Metals Announces $2 Million Private Placement Financing
TMX Newsfile· 2026-01-29 12:00
Core Viewpoint - Silver Valley Metals Corp. is seeking conditional approval for a non-brokered private placement to raise $2 million through the issuance of units, which will support the development of its business and asset portfolio [1][2]. Financing Details - The company plans to issue 16,666,667 units at a price of $0.12 per unit, with each unit consisting of one common share and one common share purchase warrant, exercisable at $0.25 for 24 months [2]. - Four insiders are participating in the financing, contributing $504,000, which qualifies as a related party transaction under MI 61-101, but the company is exempt from formal valuation and minority shareholder approval requirements [3]. Use of Proceeds - The net proceeds from the financing will be allocated to advance the development of Silver Valley's business and asset portfolio, including the Mexi-Can Lithium-Potash Project and maintaining equity in Silver Dollar Resources Inc. [4][5]. Company Overview - Silver Valley Metals Corp. is a Canadian exploration company focused on acquiring and advancing high-quality mineral assets, including a 100% interest in the Mexi-Can Lithium-Potash Project in Mexico [5][6]. - The Mexi-Can Project encompasses 4,056 hectares and contains an inferred mineral resource of 12.3 million tonnes of Sulfate of Potash and 243,000 tonnes of lithium carbonate equivalent [6]. Strategic Goals - The company aims to evaluate and advance high-quality mineral opportunities, strengthen its technical capabilities, broaden its shareholder base, and maintain disciplined advancement of the Mexi-Can Project [7].
Kirkstone Metals Initiates Permitting Process On Gorilla Lake Uranium Project
Thenewswire· 2026-01-29 12:00
Core Viewpoint - Kirkstone Metals Corp. has initiated the permitting process for a multiphase exploration program at its Gorilla Lake project, aiming to advance the project systematically through various exploration techniques and targeted drilling [1][2]. Exploration Program Details - The exploration program consists of three phases: - Phase one involves a comprehensive airborne survey using time domain electromagnetic (EM) and magnetic techniques to confirm historical structural interpretations and identify subsurface conductive targets [2]. - Phase two includes ground-based follow-up activities such as detailed prospecting and robust geophysical surveys to refine priority targets [2]. - Phase three plans to permit up to 7,000 metres of diamond drilling on qualified targets identified in earlier phases [2]. Indigenous Engagement - As part of the permitting process, the company will engage with Indigenous stakeholders to ensure open communication and incorporate local knowledge into the exploration program [3]. Environmental Commitment - The company emphasizes maintaining high environmental standards throughout exploration, working closely with local Nations and regulatory authorities to minimize environmental impact [4]. Market Context - The company highlights the current favorable market conditions for uranium, with prices recently trading over $98.00, indicating a promising time for exploration and investment in uranium assets [4]. Company Overview - Kirkstone Metals Corp. is focused on uranium assets that support the transition to clean energy, with its flagship project located in Saskatchewan's Athabasca Basin, a leading uranium district [6].
GPM Metals Announces up to C$500,000 Non-Brokered Private Placement
TMX Newsfile· 2026-01-29 12:00
Core Viewpoint - GPM Metals Inc. is conducting a non-brokered private placement to raise up to approximately C$500,000 through the issuance of 6,666,666 units, each consisting of one common share and one warrant, with the proceeds aimed at exploration and corporate purposes [1][2]. Group 1: Offering Details - The private placement will be priced at C$0.075 per unit, with each warrant allowing the purchase of a common share at C$0.10 for 36 months [1]. - The offering is subject to regulatory approvals, including from the TSX Venture Exchange, and is expected to close around February 13, 2026 [2]. Group 2: Use of Proceeds - Proceeds from the offering will be allocated to exploration efforts at the Walker Gossan Project in Australia, as well as for general corporate purposes and working capital [2]. Group 3: Insider Participation - Insiders are expected to subscribe for up to 1,666,666 units, which qualifies as a related party transaction but is exempt from formal valuation and minority shareholder approval requirements due to the transaction's size relative to the company's market capitalization [3]. Group 4: Company Overview - GPM Metals Inc. is focused on mineral exploration, particularly for large base metals deposits in Australia, with its primary asset being the Walker Gossan Project, a significant zinc-silver-lead project covering 190,000 hectares [5].
West Mining Announces Financing
Thenewswire· 2026-01-29 10:00
Core Viewpoint - West Mining Corp. is initiating a non-brokered private placement to raise up to $600,000 through the issuance of units priced at $0.0525 each, with proceeds aimed at general working capital and mineral property costs [1] Financing Details - The financing will involve the issuance of up to 11,428,571 units, each consisting of one common share and one transferable share purchase warrant [1] - Each warrant allows the holder to purchase one common share at a price of $0.07 for two years from issuance [1] - The company may pay finder's fees related to the financing, and securities issued will be subject to a four-month hold period under Canadian securities laws [1] Company Overview - West Mining Corp. is focused on mineral exploration for copper, gold, and silver on its 100% owned properties, including the Junkers Property and the Spanish Mountain West Property in British Columbia [3] - The company also holds a 100% interest in the Kena Property, which has been optioned to Upside Gold Corp [3]
Linear Minerals Corp Announces Exploration Program at Lac Marion Property
Accessnewswire· 2026-01-29 09:00
Core Viewpoint - Linear Minerals Corp. has announced a follow-up exploration program at the Lac Marion Property in Quebec, having received the necessary exploration work permit from the relevant authorities [1] Group 1 - The exploration program is part of the company's ongoing efforts to develop the Lac Marion Property [1] - The Authorization de travaux d'intervention (ATI) permit was granted by the Ministère des Ressources naturelles et des Forêts (MRNF) [1]