Workflow
Mineral Exploration
icon
Search documents
Silver Elephant Receives Favorable Arbitration Award in Dispute with Andean Precious Metals
TMX Newsfile· 2026-01-28 14:18
Core Viewpoint - Silver Elephant Mining Corp. has received a favorable arbitration award against Andean Precious Metals Corp. regarding a contractual dispute, resulting in a financial recovery for the company [1][2]. Group 1: Arbitration Outcome - The arbitrator ruled that Andean breached the Master Services Agreement (MSA) by failing to pay an additional consideration of USD 1.0 million to Silver Elephant, along with pre-judgment interest of approximately USD 36,077.37 [2]. - All counterclaims made by Andean were rejected, including allegations of wrongful termination of the MSA and illegal mining activities [3]. Group 2: Financial Recovery - A security deposit of USD 274,553.55 paid by Andean in 2024 will be set off against the additional consideration owed to Silver Elephant, leading to a substantial net recovery for the company [4]. Group 3: Ongoing Disputes - Silver Elephant is evaluating further claims against Andean related to ongoing mining activities in the Paca area, which is part of a Mining Production Contract (MPC) that has been in dispute since December 31, 2024 [5]. - The MPC grants Silver Elephant exclusive rights to mine and develop the Pulacayo and Paca projects since 2019, and the company is pursuing various administrative and judicial avenues to reinstate the MPC [5].
Silver Elephant Announces Favorable Tax Tribunal Ruling in Mongolia
TMX Newsfile· 2026-01-28 14:05
Core Viewpoint - Silver Elephant Mining Corp. has successfully dismissed a supplementary tax assessment from the Mongolian tax authorities, which alleged a total of MNT 63.8 billion (approximately CAD 24.6 million) in taxes and penalties against its subsidiary, Redhill Mongolian LLC [2][3]. Group 1: Tax Assessment Details - The supplementary tax assessment was issued on September 11, 2024, and was related to corporate income tax, value-added tax, and associated penalties stemming from the company's internal restructuring of its Mongolian subsidiaries in 2021 [2]. - Following a hearing on January 23, 2026, the Mongolian Tax Tribunal ruled in favor of Redhill, dismissing the tax assessment entirely [3]. Group 2: Tribunal Decision - The Tribunal's decision is final, and the official written decision is expected to be delivered in February 2026 [3]. - The cancellation of the tax assessment is a significant outcome for Silver Elephant, alleviating potential financial burdens related to the alleged tax liabilities [3]. Group 3: Company Overview - Silver Elephant Mining Corp. is focused on mineral exploration, particularly developing its silver-lead-zinc project in Bolivia [4]. - Further information about the company can be accessed through its official website [4].
Sendero Resources Secures Updated Permits
Thenewswire· 2026-01-28 13:50
Core Viewpoint - Sendero Resources Corp. has received updated permits for its Peñas Negras property in Argentina, indicating strong local and provincial support for mineral exploration activities [1][2][3] Company Overview - Sendero Resources Corp. is focused on copper-gold exploration at its 100% owned Peñas Negras Project, which is located in the Vicuña Copper-Gold Belt in Argentina [3] - The Peñas Negras Project has geological characteristics similar to other deposits in the Vicuña Belt, with multiple porphyry and high-sulfidation epithermal targets identified [3] - The total project area of Peñas Negras comprises 211.77 km², with the center located approximately 18 km southeast of the Caserones mine, 24 km northeast of NGEx Minerals' Lunahuasi project, and 32 km north-northeast of BHP-Lundin Mining's Filo del Sol project [3] Permits and Exploration - The renewed permits supplement previously granted permits, allowing for complete exploration and advancement to development of significant exploration targets across extensive land holdings [2] - The renewed approvals reflect the recognition of economic opportunities that sustainable exploration and development can bring to the region [3]
Peloton Announces Successful Maiden Drilling Results at the North Elko Lithium Project, Nevada
Thenewswire· 2026-01-28 13:10
Core Viewpoint - Peloton Minerals Corporation has successfully completed its maiden drilling program at the North Elko Lithium Project, confirming the presence of significant lithium and critical minerals in the basin, which warrants further exploration [1][5]. Drilling Program Overview - The drilling program consisted of four vertical exploration holes, reaching a maximum depth of 500 feet (152 meters), marking the first lithium-focused drilling on the NELP property [2]. - The holes were strategically positioned across a 37 square kilometer claim block to assess basin geometry, stratigraphy, and the extent of lithium and clay-bearing sediments [4]. Drilling Highlights - Lithium mineralization was found in all four holes, with 89% of the 352 five-foot samples showing anomalous to strongly anomalous lithium levels [7]. - The best interval recorded was 155 feet averaging 618 ppm lithium, with peaks reaching up to 1,155 ppm [7]. - The presence of cesium and rubidium was noted in all holes, indicating a chemically evolved, alkali-rich volcanic system [7]. Geological Insights - The drilling confirmed lithium-bearing claystones to depths of at least 500 feet over a 7 kilometer by 3.5-kilometer area [8]. - The NELP basin is deemed fertile for lithium and critical metals, including cesium and rubidium, which are also found in other advanced Nevada lithium claystone deposits [8]. Relationship with Adjacent Resources - NELP is located adjacent to Surge Battery Metals' Nevada North lithium project, which has a defined lithium resource with high average grades [6]. - The initial results from NELP, while not yet comparable in grade, are considered a positive outcome for early-stage exploration [9]. Future Exploration Plans - The company plans to conduct further drilling focused on step-outs and tighter spacing in the most promising lithium and critical mineral zones identified [13]. - Additional work will include detailed stratigraphic interpretation, expanded mineralogical and metallurgical testing, and integration of various geological data sets to refine future drill targeting [13].
Fathom Announces Upsizing of Previously Announced Placement to $3.75 Million and Planned 3,000-4,000 Meter Drill Program at the Gochager Lake Project
TMX Newsfile· 2026-01-28 12:48
Core Viewpoint - Fathom Nickel Inc. has announced an upsized private placement financing of up to C$3,750,000 due to strong demand, alongside a planned drilling program at the Gochager Lake project to explore favorable geological conditions [1][2]. Financing Details - The upsized offering will consist of charity flow-through units priced at C$0.048 and hard dollar units at C$0.031 [1]. - Crescat Capital LLC has committed to invest at least 10% of the upsized offering [1]. Drilling Program - A 3,000-4,000 meter diamond drilling program is set to commence in mid to late February 2026 at the Gochager Lake project [1][6]. - The program aims to drill a minimum of 10 holes to test areas with favorable geology and geochemistry along the historic Gochager Lake deposit [2][6]. Geological Insights - Recent surface work has expanded the geological footprint of the Gochager Lake deposit, with mineralized gabbro identified up to 3.5 km northeast of the historic deposit [2]. - The exploration will focus on areas with robust multi-element soil geochemical anomalies to understand the underlying geology [2][11]. Ni-tenor and Mineralization - Ni-tenor values at the Gochager Lake deposit range from 2% to 5%, with outcrop samples showing values between 4.23% and 4.79% [5][6]. - The drilling will target high-grade Ni-Cu-Co sulphide mineralization zones, particularly in areas where Ni-tenor exceeds 3% [6][20]. Exploration Strategy - The company will utilize borehole electromagnetic (BHEM) surveys to identify zones of conductivity off the drillhole trace, which have previously indicated high-grade mineralization [6][11]. - Existing BHEM and historical survey results will inform the drillhole design and targeting process [11]. Company Overview - Fathom Nickel Inc. is focused on magmatic nickel sulphide discoveries to support North American critical mineral supply and the global green energy transition [14]. - The company has three exploration projects in the Trans Hudson Corridor, including the Gochager Lake project, which hosts the historic Gochager Lake deposit [14][15].
Sable Advances Discovery Strategy: 2025 Milestones and 2026 Corporate Outlook
Globenewswire· 2026-01-28 12:00
Core Insights - Sable Resources Ltd. has outlined its 2026 corporate outlook, emphasizing a strengthened project portfolio, strategic partnerships, and improved financial position achieved in 2025 [1] 2025 Highlights - The company advanced its Greenfields exploration strategy through various technical, strategic, and financial milestones [2] Strategic Partnerships - Sable entered into agreements with Moxico Resources plc for the El Fierro and Cerro Negro projects in Argentina, allowing Moxico to earn up to a 51% interest by funding exploration programs, thereby reducing Sable's funding risk [3] Strengthened Balance Sheet - In 2025, Sable completed strategic financing, including a private placement with Moxico, resulting in a treasury of approximately C$17 million, enhancing flexibility for project advancement [4] Advancement of Pyros Porphyry System - Drilling at the Pyros Cu–Au–Mo system improved geological models and grades, supporting further exploration and drilling in 2026 [5] Portfolio Growth and Project Generation - Sable consolidated the Zorro Project and advanced its British Columbia portfolio through various exploration activities [6] Strengthened Board of Directors - Guy Desharnais joined the Board of Directors in January 2026, bringing technical and strategic expertise to enhance oversight and decision-making [7] 2026 Corporate Outlook - The company will continue its discovery-driven strategy focused on large porphyry and related mineral systems in the Americas, emphasizing exploration, capital discipline, and value creation [8] Exploration Work Programs - Exploration will continue in San Juan Province, leveraging Sable's regional database and local expertise [9] El Fierro Project - Focus will remain on the Pyros Miocene porphyry system, with ongoing drilling confirming a large mineralized system and supporting further exploration [10][11][12] Zorro Project - The Zorro Project is a newly consolidated Greenfields project with identified priority targets, with first-pass drilling planned for late Q2 2026 [13] Cerro Negro Project - The Cerro Negro project is advancing towards initial drilling tests, benefiting from excellent access and year-round operating conditions [14] Don Julio Project - The Don Julio project will remain on care and maintenance while discussions with potential strategic partners for funding large-scale drilling continue [15] Canada – British Columbia - The Copper Queen Project will undergo permitting and technical preparation for a 3,000-meter drill program targeting Cu–Au-Ag mineralization [16] - A ~1,500-meter drill program is planned at the Copper Prince Project to test a large Cu–Mo soil anomaly [17] Outlook - With a strong cash position and active project generation pipeline, Sable is well-positioned for meaningful exploration catalysts in 2026 [18] Option Grant - The company granted 1,000,000 options to purchase common shares at a price of $0.10 per share for five years [19] Company Overview - Sable is focused on discovering new precious metal and copper projects through systematic exploration in established mining jurisdictions, actively exploring multiple projects in Argentina and British Columbia [21]
ORVANA REPORTS GEOPHYSICAL SURVEY RESULTS AND COMMENCES INITIAL DEEP DRILLING PROGRAM AT TAGUAS, ARGENTINA
Prnewswire· 2026-01-28 10:30
Core Insights - Orvana Minerals Corp. has initiated a deep drilling program at its Taguas project in Argentina following a successful geophysical survey that identified a north-south corridor with elevated chargeability and low resistivity, potentially indicating sulfide-bearing systems [1][5][10] Geophysical Survey Results - The geophysical survey utilized Induced Polarization (IP) and Magnetotelluric (MT) methods, covering a 4 km² area and reaching depths of approximately 1,500 meters for MT and 800 to 1,000 meters for IP [10] - The survey results revealed a significant anomaly that is interpreted as consistent with the presence of sulfide mineralization at depth, although further drilling is required to confirm this [10][6] Drilling Program - The initial deep drilling program commenced in January 2026, targeting a planned depth of 1,500 meters, with an estimated total of 4,500 meters to be drilled by April 2026 [10][8] - The first drill hole aims to explore the core of the identified low resistivity anomaly between Cerro Taguas Norte and Cerro Campamento [10][8] Geological Modeling and Exploration Framework - An updated geological model for the Taguas project has been developed, focusing on deeper sulfide mineralization and potential porphyry copper-gold systems, extending beyond the previously identified near-surface resources [5][10] - The integration of alteration vectoring, veining styles, and multielement geochemistry has established a coherent exploration framework across the project area [10][6] Strategic Context - The repositioning of the Taguas project aims to evaluate its broader potential, including the underlying sulfide mineralization and the potential for a deep porphyry copper-gold system [5][10] - The combination of geophysical data and historical exploration data has prioritized key targets for the ongoing drilling campaign [5][10]
Inspiration Energy Re-Engages Plutus Invest & Consulting GmbH to Provide Certain Marketing and Investor Awareness Services
TMX Newsfile· 2026-01-28 08:01
Core Viewpoint - Inspiration Energy Corp. has re-engaged Plutus Invest & Consulting GmbH for marketing and investor awareness services, with a contract valued at up to €250,000 for one year, amidst favorable commodity prices and plans for a spring drill program [1][3]. Group 1: Company Engagement and Services - The re-engagement of Plutus is aimed at enhancing marketing and investor awareness in compliance with Canadian Securities Exchange policies [1]. - The terms of the engagement were initially announced on May 16, 2025, and the contract will last for one year [1]. Group 2: Company Overview and Future Plans - Inspiration Energy is focused on acquiring and developing gold and base metal properties, with its flagship assets being Rottenstone North and Rottenstone West [5]. - The company has over 40 million shares outstanding and is preparing for a drill program on the Rottenstone North property, which has defined drill targets [3]. - The management anticipates exciting developments for shareholders in the coming months, particularly due to strong investor interest in junior mining stocks [3].
CANADA CARBON COMPLETES THIRD DRILLING CAMPAIGN ON ASBURY GRAPHITE PROPERTY
Globenewswire· 2026-01-28 03:23
Core Insights - Canada Carbon Inc. has completed a third drilling campaign at its Asbury Graphite Property, enhancing its resource evaluation and de-risking efforts [1][4] - The drilling program, which took place from November 4 to December 10, 2025, achieved 2,517 meters of drilling out of a planned 5,200 meters, contributing to a total of over 7,500 meters of core samples from previous campaigns [2][4] - The company aims to update its NI 43-101 resource report and complete a pre-feasibility study by June 30, 2026, following its maiden resource estimate of 4.14 million tons with an average grade of 3.05% Cg [4] Drilling Campaign Details - The recent drilling campaign focused on the Northeast and Southwest portions of the Asbury property, which is located near Notre-Dame-du-Laus, Quebec [1] - Historical data indicates that Asbury was an operational graphite mine from 1974 to 1988, producing high-quality concentrate [4] - The results from the Fall 2023 drilling campaign included significant graphite grades, such as 12.25% Cg over 22.50 meters [8] Future Plans and Expectations - The company is optimistic about the commercial potential of the Asbury project and its contribution to the local economy and Quebec's strategic mineral development efforts [4] - Canada Carbon is committed to maintaining high standards of social and environmental responsibility while developing its graphite deposits [13]
Rockland Resources Closes Final Private Placement Tranche
Thenewswire· 2026-01-28 00:00
Vancouver, British Columbia, January 27, 2026 – TheNewswire - Rockland Resources Ltd. (the “Company” or "Rockland") (CSE: RKL), is pleased to announce that further to its press releases dated January 9, 2026 and January 21, 2026, the Company has closed the final tranche of the non-brokered private placement. The Company issued 1,120,000 units (the "Units") at a price of $0.10 per Unit for aggregate gross proceeds of $112,000. Each Unit is comprised of one common share ("Share") and one transferable common ...