Workflow
Gold Mining
icon
Search documents
Eskay Receives High-Grade Gold Results from the Final Batch of Surface Samples from its 2025 Exploration Campaign at its 100% Controlled Consolidated Eskay Project, Golden Triangle, BC
Accessnewswire· 2025-11-07 12:30
Core Insights - Eskay Mining Corp. has announced additional assay results from its prospecting and sampling program at the Consolidated Eskay Project in British Columbia [1] Group 1: Project Overview - The Consolidated Eskay Project is 100% controlled by Eskay Mining Corp. and is located in the Golden Triangle region of British Columbia [1] - The geological team conducted systematic prospecting and sampling in the Vermillion, TM, Red Lightning, and Big Red zones surrounding Unuk Finger Mountain [1] Group 2: Historical Context - High-grade gold veins were initially discovered in the Consolidated Eskay Project in 2024, prompting further exploration efforts in 2025 [1]
Altamira Gold Receives $6.3 Million Through Exercise of Warrants
Newsfile· 2025-11-07 12:30
Vancouver, British Columbia--(Newsfile Corp. - November 7, 2025) - Altamira Gold Corp. (TSXV: ALTA) (FSE: T6UP) (OTCQB: EQTRF) ("Altamira" or the "Company"), is pleased to announce that the Company has raised $6,284,820 since September 1, 2025 as a result of the exercise of 31,292,400 share purchase warrants and 131,700 broker's warrants (the "Warrants"). The Warrants each had an exercise price of $0.20, and were issued on November 6, 2023 in connection with the Company's non-brokered private placement. Th ...
Gold X2 Provides an Update to the Environmental Baseline Studies at the Moss Gold Project and Issues Equity Grant
Newsfile· 2025-11-07 12:00
Core Viewpoint - Gold X2 Mining Inc. has provided a significant update on the environmental baseline studies at the Moss Gold Project, emphasizing the expansion of the assessment scope to align with the company's development plans and the importance of de-risking the project from an environmental permitting perspective [1][14]. Environmental Baseline Studies - The environmental baseline work commenced in 2021 and has advanced significantly through 2025, with key studies including long-term water quantity and quality assessments, and a Stage 2 Archaeological Assessment, which found no significant archaeological artifacts to date [2][3]. - A Waste Geochemical Assessment initiated in 2025 indicates that most waste material is non-acid generating with negligible metal leaching [3]. - Enhanced Fisheries Assessments were conducted in 2025, with further studies planned for spring 2026 to focus on suitable habitat lakes [4]. - The Advanced Hydrogeological Field Assessment achieved two milestones in 2025, including a deep bedrock packer hole assessment and the installation of a baseline monitoring well network [5]. - A Geophysical Assessment was conducted in 2025, including a seismic survey to map overburden and develop a bedrock surface model [6]. - The hydrological study expanded in 2025, adding 15 hydrometric stations, with detailed modeling planned for 2026 [7]. - An aerial lidar survey covering over 80 km² was commissioned in fall 2025 to support hydrological and bedrock model calibration [8][9]. - Ongoing terrestrial biological assessments have focused on Species at Risk (SAR) and will continue into 2026, with no significant SAR identified to date [10]. Future Plans - In 2026, the company plans to conduct air quality monitoring, noise assessments, and socio-economic evaluations, including collaboration with Indigenous Communities [11][12]. - Mine closure planning will begin, focusing on developing conceptual site closure options [12]. - The company aims to complete ongoing studies by the end of 2026, positioning itself to enter the formal permitting process alongside a feasibility study in 2027 [13][14]. Equity Grant - The board of directors approved the grant of 11,770,000 incentive stock options and 3,870,000 restricted share units to management, directors, and consultants, with options exercisable at $0.51 per share for five years [14]. Company Overview - Gold X2 is focused on delivering long-term shareholder value through the acquisition and advancement of primary gold assets, with the Moss Gold Project being a key asset [19]. The project has seen over $75 million in investment and approximately 100,000 meters of drilling, with a mineral resource estimate of 1.54 million ounces of Indicated gold resources at 1.23 g/t Au [19].
Star Royalties Highlights Copperstone Development Progress and Exploration Potential
Thenewswire· 2025-11-07 12:00
Core Insights - Star Royalties Ltd. is optimistic about the development progress of Minera Alamos' Copperstone Gold Mine, highlighting significant cash flow generation potential that is not currently reflected in its share price [3][5] - An updated technical study is being prepared to support the restart of Copperstone, with expected approvals for the Mine Plan of Operations by the end of 2025 [1][5] Copperstone Exploration Potential - Minera Alamos has confirmed that gold and copper mineralization at Copperstone is hosted by a northeast-dipping fault zone, suggesting a larger vertical extent of mineralization than previously thought [4] - The current mine plan incorporates only half of the high-grade resource, indicating potential for resource expansion through upcoming exploration programs [3][5] Robust Copperstone Economics - The latest Preliminary Economic Assessment (PEA) estimates that Copperstone will generate over $297 million in after-tax net cash flow, with an after-tax NPV5% of $227 million and an after-tax IRR of 171% based on a gold price of $3,000/oz [5] - Minera Alamos is on track to receive final MPO approvals by year-end 2025, positioning Copperstone for a restart in 2026 [5] Fast-Track Restart Strategy - Engineering activities are being accelerated to optimize the mine restart and processing plant installation, with site development activities expected to begin in parallel with pending MPO amendments [5] - The refurbishment of existing processing equipment is anticipated to be largely complete by the end of 2025 [5] High-Grade Resource and Future Exploration - Copperstone hosts 300,000 oz of Measured and Indicated resources and 197,000 oz of Inferred resources, with exploration suggesting potential for deeper mineralization and extensions near the historic pit [5][6] - A Phase 1 drill program is set to begin in early 2026 to assess near-surface material and further delineate underground resources [7] Enhanced Stream Valuation - The company's 4% gold stream on Copperstone is projected to generate approximately $5.3 million in pre-tax cash flow during the first year of production and $24 million in life-of-mine pre-tax cash flow, assuming a gold price of $3,500/oz [5] Equity Ownership of Minera Alamos - Star Royalties owns approximately 7.8 million shares of Minera Alamos, valued at C$2.9 million, with expectations of positive catalysts in 2026 from production and operating cash flows from its Pan gold mine [5]
Prospector Announces Additional Non-Brokered Private Placements
Newsfile· 2025-11-07 12:00
Core Viewpoint - Prospector Metals Corp. has announced a non-brokered private placement to raise gross proceeds of up to $27,658,351 through the issuance of flow-through and non-flow-through common shares, aimed at financing its exploration program at the ML project in Yukon [1][5]. Group 1: Offering Details - The offering includes 5,500,000 flow-through common shares at a price of $1.00 per share and 22,843,661 non-flow-through common shares at a price of $0.97 per share [1]. - Alpayana S.A.C. has agreed to subscribe for 14,631,283 non-flow-through shares, resulting in approximately 9.9% ownership of the company upon completion of the offering [2]. - B2Gold Corp., the largest shareholder, will exercise 2,133,636 outstanding warrants and subscribe for an additional 7,181,451 non-flow-through shares, increasing its total ownership to 19.9% [3]. Group 2: Use of Proceeds - Proceeds from the flow-through shares will be used for eligible resource exploration expenses, including up to 5,000 meters of diamond drilling at the ML project [4][5]. - Proceeds from the non-flow-through shares will fund additional exploration at the ML project and general working capital [5]. Group 3: Company Background - Prospector Metals Corp. focuses on early-stage exploration of gold and base metal prospects, primarily in Yukon and Ontario, Canada [8]. - The company aims to create shareholder value through new discoveries in underexplored mineral districts [8].
New Found Gold Files Third Quarter 2025 Financial Statements; Grants Stock Options and Restricted Share Units
Newsfile· 2025-11-07 11:00
Core Viewpoint - New Found Gold Corp. has filed its quarterly financial statements for Q3 2025, highlighting its ongoing growth and strategic initiatives in the gold exploration sector [1][2]. Financial Statements - The Q3 financial statements and Management's Discussion and Analysis are available on SEDAR+ and the SEC's EDGAR system, as well as the company's website [2]. Stock Options and Share Units - The company granted 66,944 incentive stock options to officers and employees at an exercise price of $2.70, with a five-year term expiring on November 6, 2030 [3]. - Additionally, 41,348 restricted share units were granted to certain officers, with a vesting schedule of 1/3 per year over three years [4]. Company Overview - New Found Gold holds a 100% interest in the Queensway Gold Project in Newfoundland and Labrador, a Tier 1 jurisdiction known for its excellent infrastructure and skilled workforce [5]. - The company has completed a Preliminary Economic Assessment (PEA) at Queensway, with ongoing drilling revealing new discoveries, indicating significant district-scale potential [6]. Recent Developments - On September 5, 2025, the company announced a definitive arrangement agreement with Maritime Resources Corp. to acquire outstanding shares, which was overwhelmingly approved on November 5, 2025 [7]. - A property purchase agreement with Exploits Discovery Corp. was announced on September 8, 2025, which would increase the size of the Queensway project by up to 33%, totaling 234,050 hectares [8]. Management and Strategy - The company has a new management team, a strong treasury, and a solid shareholder base, including cornerstone investor Eric Sprott, focusing on growth and value creation [9].
Resolution Minerals hits 253m of gold at Horse Heaven - ICYMI
Proactiveinvestors NA· 2025-11-07 07:13
Core Insights - Resolution Minerals Ltd has reported a significant drill intercept at the Golden Gate target, part of its Horse Heaven gold project in the United States, indicating promising gold mineralization [1][2] Drill Results - The latest drill hole returned 253 metres at 1.5 grams per tonne (g/t) gold, with a higher-grade zone of 120 metres at 2.3 g/t [2] - This intercept is mineralized from surface to end-of-hole and remains open-ended at the bottom, marking the third result from an ongoing ten-hole drilling program [3][7] - Previous intercepts included 189 metres at 1.3 g/t and 250 metres at 0.6 g/t gold [3][8] Drilling Program Expansion - In response to the positive results, the company has mobilized a second drill rig to the site, planning to target an additional five holes, equivalent to 5,000 feet of extra drilling [3][9] - The company is fully funded for this expanded drilling program, having recently raised USD 25 million, followed by an additional USD 2 million placement [4][10] Market Position and Future Plans - Resolution Minerals is advancing plans to list on Nasdaq, with increasing liquidity on the OTCQB market in the United States, which is expected to attract more US-based investors [4][11] - The company has received positive feedback and strong liquidity, indicating a growing interest in its operations [11]
Far East Gold clears environmental hurdle at Idenburg - ICYMI
Proactiveinvestors NA· 2025-11-07 07:13
Core Viewpoint - Far East Gold Ltd has secured PIPPIB approval for 9,000 hectares at its Idenburg project in Indonesia, which allows the company to proceed with environmental permitting, operational licensing, and mine development, effectively removing major regulatory barriers for the project [1][5][6]. Regulatory Approval - The PIPPIB approval reclassifies the area from forestry to production forestry, providing regulatory certainty and a clear development pathway for the Idenburg project [2][5][6]. - This approval transforms Idenburg from an exploration asset into a project ready for development, following a successful model used at the Woyla project [2][6]. Drilling Activities - The company is continuing drilling at both North Anak Perak and Anak Perak, with North Anak Perak already returning high-grade intercepts and more results expected soon [3][7]. - Nearly 300,000 ounces of the total 540,000-ounce resource are located in the Anak Perak area, and the company is gathering new assay data, anticipating a steady flow of positive news [3][8].
Aura Minerals Announces Exercise of Warrants in Altamira Gold Corp.
Globenewswire· 2025-11-07 01:50
Core Viewpoint - Aura Minerals Inc. has exercised 24,000,000 common share purchase warrants of Altamira Gold Corp. at an exercise price of CAD$0.20 per Warrant, increasing its stake in Altamira significantly [1][2]. Group 1: Acquisition Details - Prior to the acquisition, Aura owned 30,000,000 Shares and 27,000,000 Warrants, representing approximately 11.3% of the issued and outstanding Shares on a non-diluted basis and approximately 19.5% on a fully diluted basis [2]. - Following the transaction, Aura now owns 54,000,000 Shares and 3,000,000 Warrants, representing approximately 18.22% of the issued and outstanding Shares on a non-diluted basis and approximately 19.04% on a fully diluted basis [2]. Group 2: Investment Rationale - Aura acquired the securities of Altamira for investment purposes, citing the exploration potential of Altamira as a key factor [3]. - The company may consider acquiring additional securities or disposing of existing holdings based on market conditions and other relevant factors [3]. Group 3: Company Overview - Aura is focused on the development and operation of gold and base metal projects in the Americas, with five operating assets including gold and copper mines in Honduras, Brazil, and Mexico [7]. - The company emphasizes a holistic approach to mining, considering the impacts and benefits to all stakeholders involved [6].
Discovery Announces Positive Drilling Results from All Operations at Porcupine Complex
Globenewswire· 2025-11-07 00:18
Core Insights - Discovery Silver Corp. reported initial results from four key exploration projects at the Porcupine Complex, including Hoyle Pond Mine, Borden Mine, Pamour Mine, and Owl Creek, with a total of 85 holes drilled over 27,640 meters [1][2] - The drilling programs at Dome Mine and TVZ Zone were also initiated, which are expected to significantly enhance production from the Porcupine Complex [1] Exploration Results - Multiple high-grade intersections were reported at Owl Creek, with significant results including 4.08 gpt over 16.3m and 5.58 gpt over 5.2m [3][31] - At Hoyle Pond, notable intercepts included 23.95 gpt over 7.1m and 86.09 gpt over 2.1m, indicating substantial gold presence [4][12] - Borden Mine drilling revealed high-grade intersections such as 11.48 gpt over 5.2m and 9.41 gpt over 12.6m, showcasing the potential for resource expansion [15][18] - Pamour Mine results included 1.44 gpt over 104.6m and 3.42 gpt over 19.9m, highlighting the opportunity for resource conversion and expansion [21][24] Project Development - The Dome Mine redevelopment is seen as a game changer, with plans for 7,500 meters of drilling to update the existing 11.0 million ounce inferred mineral resource [8][34] - The TVZ Project is targeting a minimum of 25,000 meters of new drilling by early 2026, aiming for an initial NI 43-101 resource estimate [42][43] Company Strategy - The company aims to convert and expand inferred resources at its various sites, with ongoing drilling programs designed to identify new mineralization [7][19] - The exploration strategy includes evaluating attractive targets and extending drilling to greater depths, particularly at the Hoyle Pond and Borden sites [14][20]