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Copper Quest Signs Auxer Gold Property Option Agreement To Expand US Operations
Globenewswire· 2026-02-11 12:00
Core Viewpoint - Copper Quest Exploration Inc. has entered into an Option to Purchase Agreement to acquire 100% of the AUXER Gold Property in Idaho, enhancing its exposure to gold and copper assets in North America [1]. Group 1: AUXER Gold Property Overview - The AUXER Gold Project is located in Bonner County, Idaho, approximately 4 miles northeast of Hope, covering 2,687 acres with 130 unpatented lode claims [3]. - The project is situated in a significant structural corridor within the Hope Fault system, indicating a strong geological potential for orogenic gold deposits [4]. - Historical exploration has shown exceptional gold grades, with surface samples reporting up to 21.0 g/t Au and underground workings averaging 9.42 g/t Au at an 18-meter depth [5]. Group 2: Exploration Potential - The AUXER Gold Project has not undergone historical drilling, with previous exploration limited to underground workings from the early 20th century, presenting a unique opportunity for modern exploration techniques [6]. - The project features a 7-kilometer strike length of mineralization and has multiple high-grade ore shoots, indicating potential for substantial underground mining operations [7]. - The property is permitted for drilling and re-establishing underground access, allowing for immediate exploration activities [7]. Group 3: Transaction Details - Under the Agreement, Copper Quest will pay a non-refundable fee of USD$30,000 and issue 2,000,000 common shares at a deemed price of $0.15 per share to acquire the property [11]. - The common shares will be escrowed with staged releases over 12 months, and the transaction is subject to a 30-day due diligence period and exchange approval [11]. Group 4: Market Context - Global demand for gold remains strong due to geopolitical uncertainty and inflation, while supply growth is limited, highlighting the strategic value of advancing new gold projects in secure jurisdictions [12]. - Copper Quest is positioned to contribute to significant gold discoveries with its acquisitions, including the AUXER Gold Project and the past-producing Alpine Gold mine [9][12].
Aben Gold Appoints VP Exploration and Qualified Person
Globenewswire· 2026-02-11 12:00
Core Viewpoint - Aben Gold Corp. has appointed Mr. Milosz Mielniczuk as Vice President of Exploration, bringing over a decade of experience in mineral exploration and mining to lead the company's exploration efforts [1][4]. Group 1: Appointment Details - Mr. Mielniczuk holds a Bachelor of Science in Geology from the University of British Columbia and is a registered Professional Geoscientist (P.Geo.) with expertise in grassroots exploration, underground mining, and production geology [2]. - His career includes significant roles in various mining positions, demonstrating proficiency in prospecting, property evaluation, and discovery initiatives [2][3]. - He has previously worked as a Production Geologist at Hudbay's Copper Mountain Mine and has experience in independent prospecting and property ownership [3]. Group 2: Company Strategy and Leadership - President and CEO Riley Trimble expressed enthusiasm about Mr. Mielniczuk's alignment with the company's corporate strategy, particularly in progressing the Justin Project and exploring new opportunities in Western Canada [4]. - Cornell McDowell, the former VP Exploration, is stepping down, and the company acknowledges his contributions since 2016, including the Forrest Kerr discovery and field programs on the Justin Project [5]. Group 3: Company Overview - Aben Gold Corp. is a Canadian gold exploration company with projects in the Yukon Territory and British Columbia, including the 7,400-hectare Justin Gold Project [5]. - The company's goal is to increase shareholder value through new discoveries and developing exploration projects in geopolitically favorable jurisdictions [6]. - Aben Gold Corp. has 28.2 million shares outstanding [6].
Mayfair Gold Presents the Initial Results from the 2025 Grade Control Drilling Program at the Fenn-Gib Project
Prnewswire· 2026-02-11 12:00
Mayfair Gold Presents the Initial Results from the 2025 Grade Control Drilling Program at the Fenn-Gib Project [Accessibility Statement] Skip NavigationVANCOUVER, BC, Feb. 11, 2026 /PRNewswire/ - Mayfair Gold Corp. ("Mayfair", "Mayfair Gold", or the "Company") (TSXV: MFG) (NSYE: MINE) is pleased to announce the initial results from the tight-spaced, grade control drilling program ("Grade Control Program" or "Program") at the Fenn-Gib Project in Northern Ontario.Continue ReadingFigure 1: Plan View of Open Pi ...
Scorpio Gold Drills 36.82 Metres Grading 5.22 g/t Gold, from 127.01 Metres Along the Reliance Trend at the Manhattan District, Nevada
TMX Newsfile· 2026-02-11 11:00
Core Insights - Scorpio Gold Corp. has announced positive results from its 2025 drilling program at the Manhattan District Project in Nevada, reinforcing the presence of strong gold grades along the main mineralized trend [1][2] Drilling Program Overview - The company has completed 44 drill holes in its Phase Two diamond drilling program, totaling 14,324 meters, with assays reported for 33 holes covering 10,406 meters, while results from 11 holes totaling 3,924 meters are still pending [1][10] - The current drilling program aims to add Inferred category resource blocks in areas previously categorized as insufficiently dense for resource estimation [3][10] Drill Hole Results - Hole 25MN-041 (Gap Zone) reported multiple intervals with grades of 0.32 g/t, 0.77 g/t, 0.28 g/t, and 0.58 g/t gold over various lengths [5][7] - Hole 25MN-042 (Reliance Trend) returned significant results, including 5.22 g/t gold over 36.82 meters, with a notable interval of 19.86 g/t gold over 4.88 meters [5][10] - Hole 25MN-043 (East Pit) showed grades of 0.36 g/t gold over 32.16 meters and 9.03 g/t gold over 7.01 meters, including a peak of 41.21 g/t gold over 1.37 meters [5][10] Future Exploration Plans - The company plans to continue stepping out along the Reliance Trend and has designed aggressive step-outs to test broader strike potential, including new areas like Black Mammoth [2][10] Historical Context - The Manhattan District has historically produced approximately 700,000 ounces of gold, with a maiden mineral resource estimate indicating 740,000 ounces of gold in the inferred category [24][34] - The district is situated in a geologically favorable area, adjacent to the Round Mountain Gold Mine, which has produced over 15 million ounces of gold [24][34]
G2 Announces New Gold Discoveries Outside Existing Mineral Resources and Provides Corporate Update
Globenewswire· 2026-02-11 11:00
Core Insights - G2 Goldfields Inc. is advancing its high-grade OKO Gold Project in Guyana, with a 100,000-meter drilling campaign and new gold discoveries outside existing mineral resources [1][2][11] Project Overview - A Preliminary Economic Assessment (PEA) indicates the potential for a 10,000 tonne-per-day gold mining operation, projecting total production of 3.2 million ounces of gold at all-in sustaining costs of US$1,232 per ounce over a 14-year mine life [2][30] - The project is actively expanding through drilling extensions along the +15km OKO trend and new greenfields discoveries along the 20km Aremu gold trend [3][11] Exploration and Drilling Activities - The company has two drilling contractors on site with six operational drill rigs, with plans to add two more to expedite the drilling programs [5] - The current drilling program includes resource expansion and upgrading Inferred mineral resources to Indicated resources for the upcoming Feasibility Study [5][32] - Significant drill intercepts have been reported, including 66m at 0.9 g/t Au and 6m at 4.1 g/t Au from the OMZ resource area, and new discoveries at the "Sands" target area with intercepts of 24m at 2.5 g/t Au and 5m at 4.8 g/t Au [8][11][17] Future Plans - Exploration campaigns will run alongside early works programs and environmental studies, aiming for a Feasibility Study and construction decision by mid-2027 [4][32] - The company is focusing on the Oko NW area, which has shown significant potential based on previous drilling results [26]
Snowline Gold Intersects Strong Intervals in Geotechnical Drilling at Valley and Discovers New Mineralized Target
Accessnewswire· 2026-02-11 11:00
Core Insights - The article highlights consistent high-grade near-surface intervals at the Valley, including a significant interval of 347.6 meters at 1.0 g/t Au in geotechnical drilling, indicating potential for further mineralization outside the current mine plan [1] - A broad zone of lower-grade mineralization has been expanded along the eastern margin of the Valley intrusion, suggesting the possibility of discovering additional higher-grade areas in untested regions [1] - The discovery of a new mineralized zone named "Crossroad" on the Cynthia Project has been reported, with selective grab samples showing values up to 14.1 g/t Au and 3.5 kg/t Ag along a 5 km structural corridor [1] - Five regional drill targets have been tested, providing essential geological data that will support focused drill programs and exploration efforts in the upcoming 2026 field program [1]
G2 Announces New Gold Discoveries Outside Existing Mineral Resources and Provides Corporate Update
Globenewswire· 2026-02-11 11:00
Core Insights - G2 Goldfields Inc. is advancing its high-grade OKO Gold Project in Guyana, with a 100,000-meter drilling campaign and new gold discoveries outside existing mineral resources [1][2][11] Project Overview - A Preliminary Economic Assessment (PEA) indicates the potential for a 10,000 tonne-per-day gold mining operation, projecting total production of 3.2 million ounces of gold at all-in sustaining costs of US$1,232 per ounce over a 14-year mine life [2][30] - The project is actively expanding through drilling extensions along the +15km OKO trend and new greenfields discoveries along the 20km Aremu gold trend [3][11] Exploration and Drilling Activities - The company has two drilling contractors on site with six operational drill rigs, with plans to add two more to expedite the drilling programs [5] - The current drilling program includes resource expansion and upgrading Inferred mineral resources to Indicated resources for the upcoming Feasibility Study [5][11] - Significant drill intercepts have been reported, including 66m at 0.9 g/t Au and 6m at 4.1 g/t Au from the OMZ resource area, and new discoveries at the "Sands" target area with intercepts of 24m at 2.5 g/t Au and 5m at 4.8 g/t Au [8][11][18] Future Plans - Exploration campaigns will run alongside early works programs and environmental studies, aiming for a Feasibility Study and construction decision by mid-2027 [4][32] - The company is focusing on the Oko NW area, which has shown significant potential based on previous drilling results [26]
Desert Gold Provides Update on Barani East Gold Project Site Development Activities
TMX Newsfile· 2026-02-11 10:30
Core Viewpoint - Desert Gold Ventures Inc. is advancing its Barani East gold project in Mali through a phased approach focused on infrastructure readiness, risk reduction, and disciplined capital deployment [2][14]. Site Preparations and Infrastructure Activities - The company has initiated site preparations and infrastructure works, including civil works, upgrading access roads, and constructing internal roads to support future plant installation [3][7]. - Activities also include the preparation of the ROM pad, construction of plant foundations, and development of water supply infrastructure [7]. - The goal of these activities is to reduce future construction timelines and support efficient execution of subsequent development phases [4]. Processing Equipment Procurement - A modular, gravity-based gold processing plant is being procured, designed for a nominal throughput capacity of approximately 10 tonnes per hour, with potential expansion to 50 tonnes per hour [5][8]. - The processing equipment is currently under manufacture and is expected to be delivered after factory acceptance testing [9]. Metallurgical Recovery and Processing Strategy - Initial metallurgical test work indicates gravity gold recoveries of approximately 68%, with potential for up to 92% recovery using carbon-in-leach (CIL) processing [10][11][13]. - Material not recovered during gravity processing will be stockpiled for potential future processing, with CIL processing considered for long-term development [11]. Development Strategy - The phased development approach is intended to maintain capital efficiency while progressing key development activities as technical work advances and funding options are evaluated [14]. - The company plans to provide updates to the market as material milestones are achieved [14].
KEFI Gold and Copper, Pan African Resources, Seeing Machines, accesso, Imaging Biometrics, Tooru
Yahoo Finance· 2026-02-11 09:43
Group 1: KEFI Gold and Copper PLC - KEFI Gold and Copper PLC has secured a US$20 million equity-ranking royalty to finance its Tulu Kapi gold project in Ethiopia, completing a US$340 million funding package with contractors mobilized and ground broken [1] Group 2: Pan African Resources PLC - Pan African Resources PLC anticipates a significant increase in half-year earnings, with earnings per share (EPS) projected to exceed 7 US cents, driven by higher gold prices and a 51% increase in production [1] Group 3: Seeing Machines Ltd - Seeing Machines Ltd reported the production of nearly 580,000 vehicles equipped with its driver-monitoring systems in the second quarter of its 2026 financial year, indicating growing demand ahead of new EU safety regulations set to take effect in July 2026 [1] Group 4: Imaging Biometrics Ltd - Imaging Biometrics Ltd plans to refocus on its core clinical products following a strategic review, expecting a small profit in 2026 and indicating that no new funding will be required this year [1] Group 5: accesso Technology Group PLC - accesso Technology Group PLC intends to return up to £14.5 million through a £3 per share tender, citing strong cash reserves and projecting approximately $155 million in revenue for 2025 [1] Group 6: Tooru PLC - Tooru PLC has raised £180,000 through a retail offer and share placing, bringing the total for its latest investment round to £980,000, which will be used to enhance stock levels and support future acquisitions [1]
B2Gold (BTG) Projected to Post Quarterly Earnings on Wednesday
Defense World· 2026-02-11 08:40
Core Viewpoint - B2Gold Corp. is a significant player in the gold production industry, with a diversified portfolio and strong institutional interest, as evidenced by recent share transactions and analyst ratings. Financial Performance - B2Gold shares opened at $5.62, with a market capitalization of $7.53 billion and a price-to-earnings ratio of 40.14. The stock has a beta of 0.58, indicating lower volatility compared to the market [1] - The company has a quick ratio of 0.46, a current ratio of 1.03, and a debt-to-equity ratio of 0.18. The 50-day simple moving average is $4.79, while the 200-day simple moving average is $4.53. The stock's 52-week low is $2.50, and the 52-week high is $5.94 [1] Institutional Inflows and Outflows - Goldman Sachs Group Inc. increased its stake in B2Gold by 32.0% in the fourth quarter, now owning 9,569,165 shares valued at $43.16 million after acquiring an additional 2,319,482 shares [2] - Northwestern Mutual Wealth Management Co. purchased a new position in B2Gold valued at approximately $45,000 during the fourth quarter [2] - Geode Capital Management LLC raised its position in B2Gold by 12.5%, now owning 1,631,425 shares worth $7.92 million after buying an additional 180,666 shares [2] - Institutional investors hold 61.40% of the company's stock [2] Analyst Ratings - Scotiabank reissued a "sector perform" rating for B2Gold on January 26, while Canadian Imperial Bank of Commerce restated a "neutral" rating on February 4 [3][4] - Two analysts have rated the stock with a Hold rating, leading to an average rating of "Hold" according to MarketBeat data [3][4] Company Overview - B2Gold Corp. is a Canadian-based intermediate gold producer with a diversified portfolio of operating mines and advanced-stage development projects, founded in 2007 through the merger of Bema Gold and CGA Mining [5] - The company has become one of the world's largest new gold producers, focusing on efficient, low-cost operations across several continents [5] - Key assets include the Fekola mine in Mali, which began production in 2017, the Otjikoto mine in Namibia, and the Masbate mine in the Philippines [6] Upcoming Earnings - B2Gold is expected to release its Q4 2025 results on February 18, 2026, with analysts predicting earnings of $0.22 per share and revenue of $1.148 billion for the quarter [8]