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[Video Enhanced] Dolly Varden Silver Proposes Merger with Alaska Gold Producer
Thenewswire· 2025-12-10 13:30
Core Viewpoint - Dolly Varden Silver announced a proposed merger with Contango ORE, aiming to create a new high-grade silver and gold producer named Contango Silver & Gold, which will have a 20-year development pipeline across Alaska and British Columbia [6][10]. Company Overview - Dolly Varden Silver has expanded its valuation from $20 million to approximately C$560 million over the last five years, supported by aggressive drilling programs and strategic acquisitions [1][2]. - Contango ORE, listed on NYSE American, focuses on gold exploration and production in Alaska, holding a 30% interest in the Manh Choh Gold Project, which produced 173,400 gold ounces in the first nine months of 2025 [3][4]. Merger Details - Upon completion of the merger, existing shareholders of both companies will own approximately 50% of the new entity, MergeCo, which will be renamed Contango Silver & Gold Inc. [10]. - The merger is expected to enhance the combined company's market capitalization to approximately US$812 million (C$1.1 billion) and improve trading liquidity and institutional ownership [14][16]. Strategic Rationale - The merger aims to create a North American-focused multi-stage silver and gold company with a diverse asset portfolio, including advanced-stage exploration and current production [11][12]. - The combined entity will leverage high-grade projects such as the Lucky Shot and Johnson Tract in Alaska, and the Kitsault Valley project in British Columbia, all strategically located near existing infrastructure [12][13]. Financial Position - The combined companies will have over US$100 million in cash and only US$15 million in debt, with annual cash flow from the Manh Choh gold mine [12][14]. - The merger is expected to provide a solid financial foundation for growth and long-term value creation for shareholders [11][17]. Leadership and Management - The new company will be led by Rick Van Nieuwenhuyse as CEO, Shawn Khunkhun as President, and Mike Clark as Executive Vice President and CFO [10]. - The leadership team is expected to bring operational expertise to transition projects from exploration to production effectively [7][11]. Exploration Potential - The merger is anticipated to enhance exploration capabilities, with a strong focus on high-grade mineral inventory and a track record of successful exploration across the combined portfolio [12][13]. - The integration of Dolly Varden's exploration team with Contango's operational expertise is expected to drive resource expansion and discovery opportunities [7][11].
AbraSilver Intercepts 274 Metres Grading 0.60 g/t Gold from 251 Metres Depth at Oculto East, Highlighting Potential for an Underlying Porphyry System
Newsfile· 2025-12-10 12:30
Core Insights - AbraSilver Resource Corp. announced significant assay results from its Diablillos project in Argentina, highlighting a 274-meter interval grading 0.60 g/t gold, including a high-grade section of 23 meters at 2.83 g/t gold, indicating strong potential for an underlying porphyry system [1][2][4] Exploration Results - The drill hole DDH 25-085 at Oculto East confirmed a broad mineralized corridor, with the high-grade interval reinforcing the continuity of gold mineralization in the area [5][9] - Additional drill holes, DDH 25-083 and DDH 25-082, also reported gold mineralization, with 26 meters at 0.74 g/t gold and 12 meters at 0.44 g/t gold, respectively [5][6] Geological Implications - The results from DDH 25-085 suggest a vertically extensive mineralization system, characteristic of fertile porphyry environments, with significant copper and molybdenum values indicating a potential porphyry center [4][5] - The geological features observed, such as silicification and advanced argillic-silicic alteration, are consistent with the upper levels of well-developed porphyry systems [5][12] Future Plans - The Phase V drill program is on track for completion by year-end, with plans for a Phase VI drill program in January 2026, focusing on resource expansion and deeper porphyry-related targets [16] - An updated Mineral Resource estimate is scheduled for H1 2026, which will inform an updated Mineral Reserve and mine plan [16] Company Overview - AbraSilver is focused on advancing its 100%-owned Diablillos silver-gold project, which has shown strong growth potential based on recent exploration drilling [25] - The current Measured and Indicated Mineral Resource estimate for Diablillos consists of 73.1 million tonnes grading 79 g/t silver and 0.66 g/t gold, with significant upside potential [25]
Sailfish Royalty Declares Q4 2025 Dividend
Newsfile· 2025-12-10 12:00
Core Viewpoint - Sailfish Royalty Corp. has declared a quarterly cash dividend of US$0.0125 per common share for the fourth quarter of 2025, payable on July 15, 2026, to shareholders of record as of December 31, 2025 [1]. Group 1: Dividend Declaration - The dividend amount is set at US$0.0125 per common share [1]. - The payment date for the dividend is July 15, 2026 [1]. - Shareholders must be on record by the close of business on December 31, 2025, to receive the dividend [1]. Group 2: Future Dividend Policy - Future dividends will be subject to the discretion and approval of the Board of Directors [2]. - The Company will continuously review its dividend policy based on financial position, capital allocation, profitability, cash flow, and legal requirements [2]. - There are no guarantees that future dividends will be declared or paid [2]. Group 3: Company Overview - Sailfish is a precious metals royalty and streaming company with key assets in the Americas [3]. - The portfolio includes a 3% NSR on the San Albino gold mine and a 2% NSR on the surrounding area in Nicaragua, a 3% NSR on the Spring Valley gold mine project in Nevada, and a 2% NSR on the Gavilanes Silver Project in Mexico [3]. - The Company is listed on the TSX Venture Exchange under the symbol "FISH" and on the OTCQB under "SROYF" [4].
Pinnacle Provides Further Details for El Potrero Finder's Fee
Thenewswire· 2025-12-09 19:35
VANCOUVER, BRITISH COLUMBIA, December 9, 2025 – TheNewswire - (TSXV: PINN, OTC: PSGCF, Frankfurt: P9J) – Pinnacle Silver and Gold Corp. ("Pinnacle" or the “Company") is pleased to announce that it has received conditional TSX Venture Exchange (“TSXV” or “the Exchange”) approval for all Finder’s Fee shares associated with the staged option of the high-grade El Potrero gold-silver project in Durango, Mexico. Further to Pinnacle news release of February 24, 2025, a Finder’s Fee of 4% of the measurable benefi ...
Q Precious & Battery Metals Corp. Announces Closing of Oversubscribed Final Tranche of Private Placement
Newsfile· 2025-12-09 12:00
Core Points - Q Precious & Battery Metals Corp. has successfully closed the fourth and final tranche of its private placement offering, which was oversubscribed [1][2]. Group 1: Offering Details - In the fourth tranche, the company issued 2,947,000 flow-through units at a price of $0.09 per unit, generating gross proceeds of $265,230 [2]. - Additionally, the company issued 2,222,222 flow-through shares at the same price, resulting in gross proceeds of $199,999.98 [3]. - The total gross amount received from this tranche is $465,229.98, with finder's fees amounting to $42,293 in cash, along with 234,961 finder's warrants and 187,969 compensation shares [3]. Group 2: Use of Proceeds - The proceeds from the offerings will be allocated to fund mineral exploration activities [4]. - The offering is subject to approval from the Canadian Securities Exchange, and the securities issued will have a statutory hold period of four months and one day from the issuance date [4].
Electric Metals Confirms Non-Binding MOU Regarding Corcoran Canyon Property
Accessnewswire· 2025-12-08 23:00
Core Viewpoint - Electric Metals (USA) Limited has confirmed the existence of a memorandum of understanding (MOU) regarding the potential sale of its Corcoran Canyon silver-gold property in Nevada, which was announced by an unrelated third party and not previously disclosed by the Company [1] Group 1 - The MOU is dated December 4 and was executed on December 5, 2025 [1] - The agreement is non-binding, non-exclusive, and can be cancelled by either party at any time [1] - The MOU is preliminary and subject to negotiation and execution of a definitive agreement [1]
Paramount Gold Nevada Receives Draft Consolidated Permit Package From the State of Oregon for the Grassy Mountain Gold Project
Globenewswire· 2025-12-08 21:06
Core Viewpoint - Paramount Gold Nevada Corp. has achieved a significant milestone with the Oregon Department of Geology and Mineral Industries publishing the draft consolidated permit package for the Grassy Mountain Gold Project, marking the first time a mining project has advanced through Oregon's consolidated mining permitting framework [2][3]. Group 1: Project Details - The Grassy Mountain Gold Project is designed as a small footprint underground gold mining operation, which aims to create high-quality local jobs, support regional economic activity, and contribute to local and state revenues over the mine's lifespan [5]. - The draft permit package release includes a scheduled public hearing on January 29, 2026, allowing for public comments until February 6, 2026, after which DOGAMI will revise the package before issuing the final permits [4]. Group 2: Company Overview - Paramount Gold Nevada Corp. is a U.S.-based precious metals exploration and development company focused on creating shareholder value through exploring and developing mineral properties [7]. - The company holds 100% interest in three projects: Grassy Mountain, Sleeper, and Bald Peak, with the Grassy Mountain project covering approximately 8,200 acres and containing a gold-silver deposit [8].
PPX Mining Closes Strategic Investment and Precious Metals Concentrate Offtake with Glencore
Accessnewswire· 2025-12-08 15:30
Core Viewpoint - PPX Mining Corp. has successfully closed a strategic transaction with Glencore plc, marking a significant advancement for the Igor Project in La Libertad, Peru [1] Group 1: Transaction Details - The transaction includes a cornerstone equity investment from Glencore, a life-of-mine precious-metals concentrate offtake agreement, and access to Glencore's expertise and technology [1]
Colibri Resource Commences Drilling at EP Gold Project, Sonora, Mexico
Newsfile· 2025-12-08 14:19
Core Insights - Colibri Resource Corporation has commenced drilling at its EP Gold Project, a 4,766-hectare land package located in the Caborca Gold Belt, Sonora, Mexico, marking a new phase of exploration for the company [1][6] Company Overview - Colibri Resource Corporation is a Canadian junior mining company focused on the acquisition, exploration, and development of precious metal properties in Sonora, Mexico, holding a 100% interest in the EP Gold Project and a 49% joint venture interest in the Pilar Gold & Silver Project [7][8] Strategic Positioning - The EP Gold Project is strategically located within and adjacent to the extensive concession holdings of Fresnillo plc, the world's largest primary silver producer and Mexico's leading gold producer, highlighting the geological significance of the region [2][5] Regional Mining Environment - The Caborca Gold Belt is recognized for its robust mineral endowment and has a long history of gold and silver production, supported by well-developed infrastructure and active exploration projects from major companies like Fresnillo plc, Southern Copper Corporation, and Alamos Gold Inc. [4][5] Management Commentary - The commencement of drilling is viewed as a significant catalyst for the company, with management expressing confidence in advancing the EP Gold Project and appreciating the support from shareholders and community partners [6]
Arizona Gold & Silver Drills Multiple Higher Grade Gold Intervals within Significantly Wider Mineralized Structure - 76.5 Metres at 2.36 gpt Gold and 16.24 gpt Silver Beginning at 265.8 Metres on the Philadelphia Project, Arizona
Thenewswire· 2025-12-08 12:30
Core Insights - Arizona Gold & Silver Inc. has reported positive assay results from core hole PC25-157, indicating a wider mineralized structure with significant gold and silver presence [1][2] - The ongoing drilling with core hole PC25-158 is expected to further enhance the understanding of the mineralization along the corridor [1][5] Summary of Core Hole PC25-157 - Core hole PC25-157 intersected stockwork quartz-calcite mineralization in various rock types, starting at a depth of 265.85m and continuing to 342.38m, with an average gold grade of 2.36 grams per tonne (gpt) and silver grade of 16.24 gpt [2][3] - High-grade intervals were noted, including 6.28m at 7.02 gpt gold and 13.93 gpt silver, and 1.52m at 13.80 gpt gold and 39.70 gpt silver [3][4] - The mineralization in this hole is located approximately 200m east of previous drill holes, which encountered mineralization in granite rather than andesite [2][4] Summary of Core Hole PC25-158 - Core hole PC25-158 is designed to intersect the Perry Vein and has encountered abundant stockwork quartz-calcite veining, with visual indications of thicker mineralized zones compared to PC25-157 [5] - The hole penetrated the Perry Vein at depths of 335.5m to 339.9m before entering barren andesite, and was terminated at 374.08m [5] Company Overview - Arizona Gold & Silver Inc. is focused on exploring precious metal resources in Arizona and Nevada, with a commitment to sustainable practices and innovative exploration techniques [10]