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Miata Adds Additional Drill Rig and Increases Discovery Potential with Fully Funded 25,000 m Drill Program at the Sela Creek Gold Project
Globenewswire· 2025-12-18 13:38
Core Viewpoint - Miata Metals Corp. has announced the arrival of an additional drill rig at its Sela Creek Gold Project, enabling a fully funded 25,000 m drill program planned for 2026, building on a successful 2025 campaign with a 100% hit rate at the Jons Trend Zone [1][3][4] Drilling Program - The company completed 10,061 m of drilling in 2025, achieving a 100% hit rate at the Jons Trend Zone and identifying multiple new mineralized zones [1][5] - The newly arrived Sandvik 710 drill rig allows for two rigs to operate continuously throughout 2026, with the capacity to drill 25,000 m [4][5] - Approximately 50% of the 2026 drilling will focus on the Jons Trend, while the other 50% will target six high-priority discovery targets, including Puma East, Puma West, and Big Berg [5][6] Operational Efficiency - The operational efficiency has significantly increased, with 3,000 m drilled in the last two months of 2025, indicating a trend that the company intends to continue [8] - On-site optimization efforts include the construction of a prep lab, improved wet-season access, and expanded fuel storage, which will further reduce the cost per meter drilled [5] Exploration Strategy - The company is advancing six prospects to drill-ready status for the first half of 2026, based on extensive surface programs and reinterpretation of historical datasets [5][7] - The Jons Trend zone is emerging as a significant mineralized area, measuring 750 x 250 m, and remains open in all directions, presenting further expansion potential [7] Financial and Management Actions - Miata has exercised 1,300,000 incentive stock options at an exercise price of $0.23 per share, with insiders maintaining a substantial net share position, indicating confidence in the company's prospects [9]
Omai Gold Drills 708m Averaging 1.06 g/t Au from 365m at Gilt Creek Deposit Including Multiple Higher Grade Intervals
TMX Newsfile· 2025-12-18 13:24
Toronto, Ontario--(Newsfile Corp. - December 18, 2025) - Omai Gold Mines Corp. (TSXV: OMG) (OTCQB: OMGGF) ("Omai Gold" or the "Company") is pleased to announce assay results from the Company's second hole drilled on the Gilt Creek gold deposit. The Gilt Creek deposit is one of two orogenic gold deposits at its 100%-owned Omai Gold Project in Guyana. Hole 25ODD-122(w) drilled 708m of the Omai Stock, an intrusive rock unit that produced 2.4 million ounces of gold between 1993-20052 from the upper portion fro ...
Lake Victoria Gold Reports High-Grade Artisanal Sampling Results (Up to 35.45 g/t Au) and Advances Development Planning at Tembo
TMX Newsfile· 2025-12-18 12:51
Vancouver, British Columbia--(Newsfile Corp. - December 18, 2025) - Lake Victoria Gold Ltd. (TSXV: LVG) (OTCQB: LVGLF) (the "Company" or "LVG") reports results from a recent grab sampling program conducted at multiple active artisanal mining sites within its 100%-owned Tembo Project in northwestern Tanzania. The presence of ongoing artisanal activity across the licence area has highlighted several priority targets, with grab samples returning high-grade gold values of up to 35.45 g/t Au.The sampling progra ...
McFarlane Commences Exploration Drilling at Juby Gold Project
Globenewswire· 2025-12-18 12:35
Core Viewpoint - McFarlane Lake Mining Limited has commenced exploration drilling at its 100%-owned Juby Gold Project, marking a significant milestone in its exploration program aimed at expanding known mineralization and testing the project's potential [2][3]. Company Overview - McFarlane Lake Mining Limited is a Canadian gold exploration company focused on the Juby Gold Project located in the Abitibi Greenstone Belt, Ontario [10]. - The Juby Gold Project has a current NI 43-101 compliant Mineral Resource Estimate of 1.01 million ounces of gold in the Indicated category at an average grade of 0.98 g/t gold and an additional 3.17 million ounces in the Inferred category at an average grade of 0.89 g/t gold [10][11]. Drilling Program Details - The drilling program at the Juby Gold Project includes plans for 12,000 to 13,000 metres of drilling, expected to be completed by May 2026 [4]. - The drilling will primarily target the Golden Lake and Juby zones, focusing on exploring new gold mineralization at depth [3][4]. - The first hole drilled is a follow-up to a previous hole from 2013 in the "826" zone area, with two additional holes planned in this area to expand upon previously intersected gold mineralization [2][3]. Mineral Resource Sensitivity - A sensitivity analysis at a higher gold price of US$3,750 per ounce indicates an Indicated Mineral Resource of 1.20 million ounces grading 0.94 g/t gold and an Inferred Mineral Resource of 4.23 million ounces grading 0.85 g/t gold [11].
Seabridge Gold Provides Year End Update
TMX Newsfile· 2025-12-18 12:30
Toronto, Ontario--(Newsfile Corp. - December 18, 2025) - Seabridge Gold Inc. (TSX: SEA) (NYSE: SA) ("Seabridge" or the "Company") provided today a year end update to shareholders on 2025 activities. KSM PartnershipIn 2025, management focused on completing due diligence exercises with a number of high-quality potential partners. In Q3, final site visits were completed by three selected joint venture finalists. Although we will miss our self-imposed year-end target for an announcement, we are advancing towar ...
Nevada Sunrise Completes Fall 2025 Surface Exploration at the Griffon Gold Mine Project, Nevada
TMX Newsfile· 2025-12-18 12:30
Core Insights - Nevada Sunrise Metals Corporation has completed surface geophysical and geochemical exploration surveys at its Griffon Gold Mine Project in Nevada, which is located within the Battle Mountain-Eureka Gold Belt, a significant gold mining region [1][8]. Exploration Program Highlights - The Fall 2025 exploration program was based on AI-generated analysis from VRIFY Technology Inc., utilizing historical geological and geophysical data [2]. - Over 700 soil samples were collected for geochemical analysis using Ionic Leach and Soil Gas Hydrocarbon methods, which can detect subtle indications of buried mineralization [5]. - A "walking mag" survey provided high-resolution magnetic data for the first time at Griffon, revealing important structural information about past-producing deposits [5]. - 3D induced polarization/resistivity and audiomagnetotellurics surveys were conducted, marking the first time these methods have been used at Griffon since gold discovery in 1986 [5]. Anticipated Outcomes - The company expects to receive geochemical analyses and geophysical modeling results from the ground surveys in January 2026, which will enhance drill targeting [6]. - Ongoing re-sampling and multi-element geochemical analysis of historical drill cuttings are in progress, aiming to include pathfinder elements that could improve drill targeting [6]. Permitting and Regulatory Updates - In September 2025, the company submitted a Plan of Operations to the United States Forest Service for proposed surface disturbance and drilling plans for 2026, with confirmation of receipt in October 2025 [7]. Project Background - The Griffon Gold Mine Project consists of 89 unpatented mineral claims covering approximately 1,780 acres (720 hectares) and is located about 50 kilometers (33 miles) southwest of Ely, Nevada [8]. - Historical production at Griffon occurred from 1998 to 1999, yielding 62,661 ounces of oxide gold before its closure [9].
Equinox Gold Clears Clogged Gold Veins To Achieve Free Cash Flow
Seeking Alpha· 2025-12-18 12:30
Core Insights - The article emphasizes a versatile investment strategy suitable for various investor profiles, including dividend investors, value seekers, and those looking for growth opportunities [1] Summary by Categories Investment Strategy - The investment strategy described is adaptable, catering to different types of investors, whether they focus on dividends, value propositions, or growth opportunities [1]
MAYFAIR CONFIRMS COMPLETION OF SHARE CONSOLIDATION
Prnewswire· 2025-12-18 12:00
About Mayfair Gold The Company now has 66,797,608 common shares issued and outstanding and all outstanding warrants and incentive stock options have been adjusted to increase their exercise price by a factor of two and to reduce the number of common shares issued upon exercise by dividing by two. 1 VANCOUVER, BC, Dec. 18, 2025 /PRNewswire/ - Mayfair Gold Corp. ("Mayfair", "Mayfair Gold" or the "Company") (TSXV: MFG) (OTCQX: MFGCF) is pleased to confirm that, pursuant to its news release dated December 15, 2 ...
GoldQuest Announces Upsizing of Private Placement
TMX Newsfile· 2025-12-18 12:00
Vancouver, British Columbia--(Newsfile Corp. - December 18, 2025) - GoldQuest Mining Corp. (TSXV: GQC) (OTCQX: GDQMF) ("GoldQuest" or the "Company") is pleased to announce that due to significant interest, the Company intends to increase the size of its previously announced non-brokered private placement (the "Private Placement"). The Private Placement will now be comprised of an aggregate of up to 34,710,743 units of the Company (the "Units") at a price of $1.21 per Unit, for aggregate gross proceeds of u ...
OTC Markets Group Welcomes Quartz Mountain Resources Ltd. to OTCQX
Globenewswire· 2025-12-18 12:00
NEW YORK, Dec. 18, 2025 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Quartz Mountain Resources Ltd. (TSX-V: QZM; OTCQX: QZMRF), a company focused on discovering and transacting important-scale gold, silver and copper projects in British Columbia, has qualified to trade on the OTCQX® Best Market. Quartz Mountain Resources Ltd. upgraded to OTCQX from the OTCQB® Venture Market. Quartz Mountain Resou ...