Mineral Exploration

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Spark Energy Minerals Reports New Lithium and Gallium-REE Assay Results from Flagship Brazil Project
Newsfile· 2025-10-17 07:10
Core Insights - Spark Energy Minerals Inc. has reported new assay results from its Arapaima Project in Brazil's Lithium Valley, highlighting significant lithium and gallium-rare earth element (REE) anomalies [1][4] Group 1: Lithium Anomalies - Three lithium anomalies exceeding 1,000 ppm Li have been defined from surface rock samples at the Cruzeta target [8] - The ongoing exploration work includes mapping, geochemical analysis, and sampling to support the definition of high-priority critical-mineral drill targets [1][3] Group 2: Gallium and REE Expansion - The total rare earth oxide (TREO) values from stream-sediment samples at the Caladão target returned above 10,000 ppm (1%), extending the anomalous footprint southward [8] - The company is finalizing logistics and permitting for drilling at the gallium-REE Caladão target, adjacent to recent ionic-clay gallium and REE discoveries [3] Group 3: Drilling Plans - Initial drilling will test the subsurface continuity of lithium-bearing pegmatites and gallium-REE mineralization zones identified through surface sampling and mapping [3] - The exploration team is preparing to advance its first subsurface testing program within the district, guided by ongoing geochemical interpretation and field mapping [3][4]
Nevada Sunrise Announces Increase to Private Placement
Newsfile· 2025-10-16 22:24
Vancouver, British Columbia--(Newsfile Corp. - October 16, 2025) - Nevada Sunrise Metals Corporation (TSXV: NEV) (OTC Pink: NVSGF) ("Nevada Sunrise" or the "Company") is pleased to announce an increase to the size of the non-brokered private placement announced earlier today of up to 7,000,000 units, to a new total of up to 12,000,000 units (the "Offering") at a price of $0.05 per unit (the "Units") for gross proceeds of up to $600,000, due to investor demand. The Units will be issued on the same terms as ...
Benton Closes $1.9 Million Financing
Newsfile· 2025-10-16 21:50
Core Viewpoint - Benton Resources Inc. has successfully closed a private placement financing of $1,980,010 at a price of $0.055 per Unit, which will be used to advance its Newfoundland projects and for general working capital purposes [1][2]. Financing Details - The financing involved the issuance of 36,000,182 Units, each consisting of one common share and one common share purchase warrant, with the warrants allowing the purchase of additional shares at $0.10 for five years [2]. - No finders' fees were paid in connection with this financing [2]. - All securities issued are subject to a four-month hold from the date of issue [3]. Company Overview - Benton Resources is a well-financed mineral exploration company listed on the TSX Venture Exchange under the symbol BEX, with a diversified property portfolio and significant equity positions in other mining companies [5]. - The company retains net smelter return (NSR) royalties whenever possible, providing potential long-term cash flow [5]. Project Focus - Benton is advancing its high-grade Copper-Gold Great Burnt Project in central Newfoundland, which has a Mineral Resource estimate of 667,000 tonnes at 3.21% Cu Indicated and 482,000 tonnes at 2.35% Cu Inferred [6]. - The project covers 25 km of strike and features six known Cu-Au-Ag zones over 15 km, all open for expansion [6]. - Recent drilling results include 25.42 m of 5.51% Cu, with notable intervals of 9.78 m at 8.31% Cu and 1.00 m at 12.70% Cu [6]. - The South Pond Gold Zone, located approximately 7.5 km north of the Great Burnt Copper-Gold Zone, has confirmed a robust gold-mineralized system with results of 74.20 m at 1.43 g/t Au and 43.75 m at 1.62 g/t Au, also open for expansion [6].
Collective Metals Confirms Strong Radioactivity at Surface During Successful Exploration Program at the Rocas Uranium Project
Globenewswire· 2025-10-16 21:00
Core Insights - Collective Metals Inc. announced preliminary results from its 2025 exploration program at the Rocas Uranium Project, confirming strong radioactivity at multiple historical uranium showings and identifying new radioactive anomalies [1][2][3] Exploration Program Overview - The Rocas project spans 4,002 hectares, located 75 kilometers southwest of the Key Lake Mine and Mill facilities, and approximately 72 kilometers south of the Athabasca Basin margin [2][18] - A detailed mapping and sampling program was conducted from September 30 to October 8, 2025, to validate historical uranium showings [2][3] Radioactivity Findings - Strong radioactivity was verified at multiple historical uranium showings, with several scintillometer measurements exceeding 10,000 counts per second (cps) at the surface [3][4] - New radioactive anomalies were discovered, indicating previously undocumented radioactive showings within favorable lithologies for uranium and Rare Earth Element (REE) mineralization [3][4] Geological Insights - Geological mapping confirmed the presence of deformed and hydrothermally altered basement lithologies along over 7.5 kilometers of exploration strike length south of Key Lake [3][10] - A high-resolution ground gravity survey completed in 2024 highlighted potential alteration halos and high-priority exploration targets along well-defined structural corridors [3][10] Sampling and Analysis - A total of 16 outcrop and boulder grab samples were submitted for geochemical analysis, with notable findings including a peak radioactivity of over 33,000 cps at SMDI showing 5781 [4][8] - The prospecting confirmed several uraniferous outcrops and boulders, with readings of anomalous radioactivity recorded, including 73 readings above 300 cps [4][14] Future Plans - The company plans to initiate its first-ever drill program in 2026 to test high-priority zones along the main 7.5-kilometer magnetic low/EM conductive corridor, which has not been drill-tested to date [10][11] - The Rocas Project is considered highly prospective for shallow, high-grade basement-hosted uranium mineralization, with historical grab samples showing values up to 0.498 wt.% U3O8 [11][18]
Mink Ventures Closes $731,518 in First Tranche of Non-Brokered Private Placement
Globenewswire· 2025-10-16 20:40
Core Viewpoint - Mink Ventures Corporation has successfully closed the first tranche of its non-brokered private placement, raising gross proceeds of $731,518 for its mineral exploration projects [1][6]. Group 1: Private Placement Details - The first tranche included the issuance of 4,810,000 hard dollar units at $0.10 each and 1,927,061 flow-through units at $0.13 each [1]. - Each hard dollar unit consists of one common share and one common share purchase warrant, allowing the holder to acquire one common share at an exercise price of $0.20 for 36 months [2]. - Each flow-through unit consists of one common share and one common share purchase warrant with the same terms as the hard dollar units [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be used for the exploration and advancement of the Montcalm nickel copper cobalt project and the Warren copper nickel project, as well as for general working capital purposes [5]. Group 3: Company Overview - Mink Ventures Corporation is focused on exploring critical minerals such as nickel, copper, and cobalt in the Timmins, Ontario area [6]. - The Montcalm Project covers 100 km adjacent to Glencore's former Montcalm Mine, which had historical production of 3.93 million tonnes of ore grading 1.25% Ni, 0.67% Cu, and 0.051% Co [6]. - The Warren Ni Cu Co Project covers 1,130 hectares and is located 35 km away from Montcalm, both projects benefiting from excellent access and infrastructure [6].
American Critical Minerals Announces Upsize of Bought Deal Offering to $4.74 Million and Fully-Allocated Non-Brokered Offering
Newsfile· 2025-10-16 13:50
Core Viewpoint - American Critical Minerals Corp. has entered into an amendment agreement with Research Capital Corporation for a bought deal offering, aiming to raise a total of approximately $6.74 million through the sale of units at $0.35 each [1][2]. Financing Details - The company will issue 13,543,000 units at a price of $0.35 per unit, resulting in gross proceeds of $4,740,050 from the offering [1]. - A concurrent non-brokered private placement of up to 5,714,286 units at the same price is expected to raise up to $2,000,000, fully allocated [2]. - If the Underwriter's Option is fully exercised, the total gross proceeds could increase to $5,451,057.50, with a total of 15,574,450 units issued [5]. Unit Composition - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at an exercise price of $0.45 for 36 months post-closing [3]. Use of Proceeds - The net proceeds from the offering will be allocated to an initial drill program targeting potash, lithium, and bromine at the Green River Project, as well as for working capital and general corporate purposes [4]. Regulatory and Market Context - The offering will be conducted under the listed issuer financing exemption, making the units immediately "free-trading" under applicable Canadian securities laws [6]. - The closing of the offering and private placement is anticipated around the week of November 3, 2025, pending necessary regulatory approvals [8]. Market Potential - The U.S. currently imports approximately 96.5% of its annual potash requirements, indicating a significant market opportunity for domestic production [17]. - The global potash market is valued at over $50 billion annually, with a compound annual growth rate (CAGR) of nearly 5%, while annual lithium demand is projected to exceed 1 million tonnes [17]. Project Overview - The Green River Project is located in Utah's Paradox Basin, which has logistical advantages and historical data supporting the potential for high-grade potash and lithium [12][13]. - The company holds a 100% interest in various mineral leases and claims covering approximately 32,530 acres, authorized to drill a total of 7 holes [15].
Colibri Announces Increase in Equity Offering Due to Strong Investor Demand; Progress Toward Selection of Drilling Contractor for EP Gold Project
Newsfile· 2025-10-16 13:19
Core Insights - Colibri Resource Corporation has announced an increase in its equity offering due to strong investor demand, raising the offering size from 8,666,666 units to 11,500,000 units at a price of $0.15 per unit [2][3] - The company is in the final stages of selecting a drilling contractor for its EP Gold Project, which is fully permitted and drill-ready, with plans to expand known mineralized zones and test additional high-priority targets [3][5] - Management expresses confidence in the financing response, indicating that the funds will support exploration at the EP Gold Project and strengthen the company's balance sheet [5][6] Equity Offering Details - The equity units consist of one share and one common share purchase warrant, with each warrant allowing the holder to acquire one common share at a price of $0.25 for a period of 24 months [2][3] - The company anticipates closing the book to new subscriptions soon, with the closing of the offering subject to the acceptance of the TSX Venture Exchange [4][6] Drilling Program Update - The EP Gold Project is ready for drilling, and the upcoming program is expected to be fully financed through the equity offering [3][5] - The company has narrowed its selection to two drilling contractors and expects to finalize an agreement shortly [3][5] Company Overview - Colibri Resource Corporation is focused on acquiring, exploring, and developing gold and silver properties in Mexico, holding four high-potential projects including the EP Gold Project and the Pilar Gold & Silver Project [7]
Zeb Nickel Commences Ground Geophysics & Contractor Appointment
Globenewswire· 2025-10-16 13:00
Core Insights - Zeb Nickel Corp has appointed GF International (Pty) Ltd to conduct a combined ground gravity and frequency-domain electromagnetic survey at the Zeb Nickel Project in South Africa, aimed at refining conductor geometry and generating drill targets [1] - The company is also implementing an environmental rehabilitation guarantee as part of the requirements for obtaining the mining right [2] - The exploration team is transitioning from airborne targeting to ground geophysics to enhance the identification of high-priority conductors [3] Geophysics Programme Highlights - The survey will cover two grids totaling approximately 117.4 hectares, with gravity measurements taken at around 475 stations on a 50 m grid and ground EM over 22.45 line-km [9] - Mobilization for the survey is scheduled for late October 2025, with an expected completion within 30 field days, depending on weather and site conditions [5] Company and Project Overview - Zeb Nickel Corp focuses on exploring and developing critical mineral deposits, particularly those essential for rechargeable batteries, including nickel, graphite, lithium, cobalt, manganese, copper, and aluminum [7] - The Zeb Nickel Project is a Class 1 nickel sulfide project located in the Bushveld Complex, South Africa, which is strategically significant for the company's development efforts [7]
Hi-View Resources Completes Comprehensive Analysis Confirming Gold-Silver Potenital At Saunders Property
Thenewswire· 2025-10-16 12:30
Core Insights - Hi-View Resources Inc. has completed a comprehensive analysis of the Saunders Property, confirming its potential as a low-sulphidation epithermal gold-silver system [1][2] - The analysis highlights significant geological features, including quartz chalcedony veining with adularia and strong silicification, situated within a structural corridor that hosts major deposits [1][4] Company Overview - Hi-View Resources Inc. is a publicly listed mineral exploration company on the Canadian Securities Exchange, focusing on gold, silver, and copper assets in the Toodoggone region of northern British Columbia [7] - The company’s portfolio includes over 27,791 hectares of projects, with key properties such as the Golden Stranger Project, Lawyers claims, and Borealis Project designated as high-priority targets [7] Exploration Potential - The Saunders Property comprises 209.6 hectares and includes two noncontiguous claim blocks covering four known occurrences, with historical sampling at Saunders North returning up to 1.42 g/t Au and 11.7 g/t Ag [4] - The analysis aims to refine the exploration model and identify areas with the highest potential for mineralization, guiding the next phase of exploration [5]
Clarity Metals Outlines Drill Targets for Forthcoming Program
Newsfile· 2025-10-16 12:00
Core Insights - Clarity Metals Corp. has received all necessary permits to commence drilling at its 100% owned Fecteau Gold Project in Quebec, indicating a commitment to explore the area's mineral potential [1][29] - The Fecteau Property has shown promising mineralization from previous drilling campaigns, with notable high-grade results including 14.91 g/t Au and 5.98 g/t Au & 0.87% Cu [3][4] - The company plans to execute a drilling campaign of 5,000 meters targeting both gold and base metal mineralization, with the possibility of expanding based on initial results [4][5] Exploration and Drilling Plans - Clarity intends to drill approximately 25 holes across high-priority targets, focusing on both known mineralized trends and previously untested geological targets [4][5] - The Fecteau stratigraphy is conducive to VMS-style mineralization, with previous drilling revealing semi-massive and massive sulphide intercepts containing copper and zinc [5][6] - The 2022 fieldwork has enhanced the understanding of the Fecteau Property, with significant gold intercepts and structural features identified [6][8] Target Areas and Geological Insights - The upcoming drilling will focus on several target areas, including the southern limb of the syncline and the northern contact target area, which have not been previously drilled [18][19][21] - The Buteux-Marceau area is identified as a target with historical gold values of 4.11 g/t Au, indicating potential for further exploration [25][27] - A total of 17,815 meters have been drilled on the property and surrounding areas since the mid-1970s, with an average depth of only 207 meters, suggesting significant exploration potential remains [27]