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Captivision Announces Positive Results from Independent Mining Assessment Ahead of Planned Acquisition
Globenewswire· 2026-02-10 13:00
Core Insights - Captivision Inc. announced positive results from an independent assessment by Hard Rock Consulting, reaffirming the gold and precious metals resources of Montana Tunnels Mining Inc. and its Montana Tunnels Mine [1][2] - The assessment identified significant opportunities to expand mining output through exploration and technology, potentially extending the mining life of Montana Tunnels Mining Inc. beyond the current estimate of 10 years [2][3] - Captivision plans to acquire Montana Tunnels Mining Inc., with the transaction expected to close in the first quarter of 2026, and intends to reposition as a diversified gold mining and related services business, renaming itself Montana Gold Inc. [3] Company Developments - The HRC report confirms substantial reserves of gold, silver, and other precious metals, indicating significant growth potential for the mining life of the asset [3][6] - Captivision has executed a letter of intent to acquire Montana Tunnels Mining Inc., with ongoing negotiations for an extension of the LOI's mutual exclusivity [3] - The company plans to disclose mineral resources and reserves through a Regulation SK-1300 filing following the acquisition [2] Market Position - The findings from the HRC report position Montana Gold Inc. as an early-stage diversified mining growth company with a clear operational plan [3] - The planned restart of mining operations is anticipated within the year, reflecting the company's strategic direction towards mining [3]
Majestic Gold Temporarily Suspends Operations
Thenewswire· 2026-02-10 13:00
Core Viewpoint - Majestic Gold Corp. has temporarily suspended operations at its Songjiagou Gold Project and Mujin Gold Project due to a directive from the Yantai Emergency Management Bureau following a serious accident at a third-party mining operation in the region [1][2]. Group 1: Operational Impact - The suspension affects all gold mining operations in Yantai, including those of Majestic Gold's subsidiaries, Yantai Zhongjia Mining Co., Ltd. and Yantai Mujin Mining Co., Ltd., which have complied with the order [2]. - The company is awaiting an official written notice from the Emergency Management Bureau that will outline the next steps regarding the suspension [2][3]. Group 2: Future Plans and Initiatives - Despite the operational suspension, the company continues to seek additional gold property acquisitions and joint venture opportunities [4]. - Management is currently attending the Mining Indaba 2026 and 121 Mining Investment Conferences in South Africa to meet potential partners and advance strategic growth initiatives [4]. Group 3: Company Overview - Majestic Gold Corp. is a low-cost junior gold producer based in British Columbia, engaged in commercial gold production in eastern Shandong Province, China, with its flagship project being the Songjiagou Gold Mines [5].
IAMGOLD (IAG) Soars 11% Ahead of Earnings
Yahoo Finance· 2026-02-10 12:41
Core Viewpoint - IAMGOLD Corp. is experiencing significant share price growth ahead of its earnings report, with expectations of record-breaking revenues and strong gold production figures for 2025 [1][2]. Group 1: Financial Performance - IAMGOLD's share price increased by 11.30% to close at $21.28 on Monday, as investors prepared for the upcoming earnings announcement [1]. - The company anticipates reporting record revenues with final sales expected to reach 817,800 ounces of gold [2]. - In the fourth quarter, gold sales reached 259,000 ounces at an average price of $4,190 per ounce, supported by a 65% increase in spot gold prices over the year [4]. Group 2: Production Guidance - Attributable gold production for IAMGOLD stood at 765,900 ounces, achieving the midpoint of its 2025 guidance, driven by strong operations at mining sites like Cote Gold [2]. - For the current year, IAMGOLD aims for attributable gold production between 720,000 to 820,000 ounces, focusing on achieving nameplate operating rates at Cote Gold [5].
Revival Gold Intercepts 1.0 g/t Gold Over 30 Meters and Extends Mineralization at Mercur Project in Utah
Accessnewswire· 2026-02-10 12:30
TORONTO, ON / ACCESS Newswire / February 10, 2026 / Revival Gold Inc. (TSXV:RVG)(OTCQX:RVLGF) ("Revival Gold" or the "Company") is pleased to provide the latest drilling results from the 2025 drilling program at the Company's Mercur Gold Project ("Mercur") located in Utah. Drilling Highlights Assay results have been received from an additional twenty drill holes with the following highlight intersections in near-surface oxide gold mineralization at Mercur: 1.0 g/T gold over 30.5 meters width at 25.9 meters ...
Legacy Gold Reports 1.2 g/t Gold over 80ft (24.4m) and 0.79 g/t Gold over 65ft (19.8m), on New Holes from the 2025 Baner Gold Mine Property Drilling Campaign in Idaho
TMX Newsfile· 2026-02-10 12:30
Core Insights - Legacy Gold Mines Ltd. has reported assay results from three new Reverse Circulation drill holes from its 2025 surface exploration program at the Baner Gold Mine Property in Idaho County, USA, indicating multiple intersections in the northern portion of the Main Zone [1][2][3] Exploration Program Overview - A total of 16 RC drill holes were completed, totaling 2,748 meters (9,068 feet), targeting the Orogrande shear structure, with assays reported from eleven holes showing a large near-surface gold plumbing system [2][5] - The drilling program aimed to test for continuity of high-grade and wide low-grade zones of gold mineralization, reflecting a new interpretation of flatter, east-dipping zones [4][5] Drilling Results - Significant intersections include: - LG25-011: 0.79 g/t Au over 19.8 meters (65 feet), including 1.59 g/t Au over 7.6 meters (25 feet) [8][9] - LG25-012: 1.18 g/t Au over 24.4 meters (80 feet), including 4.64 g/t Au over 3.0 meters (10 feet) [8][9] - LG25-013: 1.1 g/t Au over 9.1 meters (30 feet), including 3.7 g/t Au over 1.5 meters (5 feet) [8][9] Geological Context - The Orogrande Shear Zone, where the property is located, is estimated to be 100-200 meters wide and hosts numerous gold mineralization prospects along Riedel shear structures [12] - The predominant host rock is quartzite, with some biotite gneiss present, and historical mining focused on narrow zones of strong alteration and quartz veins [12] Company Background - Legacy Gold Mines Ltd. is a Canadian-based gold exploration and development company listed on the TSX Venture Exchange under the symbol "LEGY" [18] - The company holds an option to acquire a 100% interest in the mineral claims comprising the Baner Gold Mine Property [18]
Scottie Resources Continues to Hit High-Grade Gold at Blueberry Contact Zone Including 30.42 g/t Gold over 5.60 Metres and 9.67 g/t Gold over 8.85 Metres
TMX Newsfile· 2026-02-10 12:30
Vancouver, British Columbia--(Newsfile Corp. - February 10, 2026) - Scottie Resources Corp. (TSXV: SCOT) (OTCQB: SCTSF) (FSE: SR80) ("Scottie" or the "Company") is pleased to report new assays from its 2025 drilling of various zones within the Blueberry Contact Zone, at the Scottie Gold Mine Project ("Scottie Gold Mine" or the "Project"). The road-accessible Project is located 35 kilometres north of Stewart, BC, and is the subject of a newly released Preliminary Economic Assessment ("PEA") entitled Scottie ...
Sranan Gold Acquires Lawantino Gold Project Situated Along the Prolific Antino-Sela Creek Trend, Suriname
TMX Newsfile· 2026-02-10 12:20
Core Viewpoint - Sranan Gold Corp. has entered into an option agreement to acquire up to a 100% interest in the Lawantino Gold Property in Suriname, enhancing its exploration portfolio in a region known for gold mineralization [1][4]. Acquisition Details - The Lawantino Gold Property spans 18,468 hectares and is located in southeastern Suriname, an area with extensive artisanal alluvial mining [1][2]. - The acquisition strengthens Sranan's position in the Guiana Shield, where the company now controls a total of 47,500 hectares for exploration [1]. Geological and Mining Insights - The property is situated along the Central Guiana Shear Zone (CGSZ), which is home to other active gold exploration projects [2]. - Initial sampling from the property returned significant gold grades of 4.24 and 1.88 grams per tonne, indicating potential for further exploration [3]. Strategic Importance - The acquisition is viewed as a strategic addition to Sranan's portfolio, complementing ongoing projects and benefiting from favorable geology and proximity to other active projects [4][6]. - The company plans to integrate artisanal mining areas with advanced geological techniques to prioritize future exploration targets [4]. Agreement Terms - Sranan can earn a 100% interest in the property through cash payments totaling US$1,900,000, issuance of 1,800,000 common shares, and exploration expenditures of US$1,700,000 over five years [6][8]. - The vendor will retain a 10% interest and a 2% net smelter return royalty on all metals produced from the property [6]. Exploration Plans - The initial exploration program will focus on integrating artisanal mining data with satellite interpretation and geological mapping to identify targets for trenching and drilling [4]. - Auracle Geospatial Science Inc. has been contracted to analyze the structural complexity of the property, revealing increased fracture density associated with artisanal mining [5]. Company Overview - Sranan Gold Corp. is engaged in mineral exploration and acquisition of mineral property assets in Suriname, with its flagship Tapanahony Project covering 29,000 hectares in a prolific gold mining district [16].
1911 Gold Delivers Positive PEA for True North Highlighting Robust Economics with Low Capital Intensity and High Returns
Prnewswire· 2026-02-10 12:01
Core Viewpoint - 1911 Gold Corporation announced positive results from the Preliminary Economic Assessment (PEA) for the True North Gold Project, highlighting robust economics, low capital intensity, and high returns [1][2]. Group 1: PEA Highlights - The PEA indicates a steady-state production target of 58,114 ounces per annum over an 11-year mine life, with initial production expected to start in H1 2027 and test mining in H2 2026 [1][2]. - Estimated cash costs are US$1,390 per ounce, with an all-in sustaining cost (AISC) of US$1,897 per ounce [1][2]. - The project has an initial capital expenditure of $59.2 million, with additional capital of $46.7 million during the first two years and sustaining capital of $367.2 million over the life of mine (LOM) [1][2]. Group 2: Economic Metrics - The PEA shows a net present value (NPV) of $391 million at a 5% discount rate, an internal rate of return (IRR) of 105%, and a payback period of 2.2 years at a long-term gold price of US$3,000 per ounce [1][2]. - At a constant gold price of US$4,800 per ounce, the NPV increases to $998 million, with an almost immediate payback period of 1.0 year [1][2]. - The project is expected to generate $545 million in undiscounted after-tax free cash flow over its life, supporting approximately 326 full-time jobs [1][2]. Group 3: Mining and Processing - The True North Gold Project will utilize underground mining methods with a total mill feed of 4,066,000 tonnes at an average diluted grade of 4.32 grams per tonne gold, resulting in total payable gold production of 527,100 ounces [1][2]. - The processing facility has historically produced 1.93 million ounces of gold and is expected to achieve an average recovery rate of 93.5% over the LOM [1][2]. - The project includes a Tailings Management Facility (TMF) with sufficient capacity for approximately 775,000 tonnes, allowing for over two years of production under the PEA mine plan [2]. Group 4: Future Opportunities - The PEA results suggest potential for production growth by developing newly discovered zones adjacent to existing infrastructure, such as San Antonio Southeast, San Antonio West, and Shore [1][2]. - The company plans to explore additional resource opportunities within the Rice Lake Greenstone Belt, which includes the Ogama-Rockland gold deposit [2]. - Initiatives to enhance project economics include optimizing processing capacity, implementing advanced backfill solutions, and utilizing sensor-based ore sorting technology [2].
Kalo Gold Advances 2026 Target Development at Vatu Aurum; Lidar and Orthophotography Completed; Airborne Geophysics Planned for February
Accessnewswire· 2026-02-10 12:00
VANCOUVER, BC / ACCESS Newswire / February 10, 2026 / Kalo Gold Corp. (TSXV:KALO) (the "Company" or "Kalo") is pleased to report that it has commenced 2026 field operations in Fiji, advancing exploration activities across its 100%-owned Vatu Aurum Project. The current program integrates geophysical datasets with systematic core relogging, field mapping, and soil geochemistry to refine, rank, and sequence priority drill targets across the project. ...
Lahontan Drills More Shallow Oxide Gold at West Santa Fe: 41m Grading 1.94 g/t Au Eq Including 9.1m Grading 4.14 g/t Au Eq
Accessnewswire· 2026-02-10 12:00
TORONTO, ON / ACCESS Newswire / February 10, 2026 / Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF)(FSE:Y2F) (the "Company" or "Lahontan") is pleased to announce more analytical results from our 2025 maiden drilling program at the Company's satellite West Santa Fe project, located only 13 km from Lahontan's flagship asset, the Santa Fe Mine project, in Nevada's prolific Walker Lane. These assay results are from two additional reverse-circulation rotary ("RC") drill holes at West Santa Fe and are summarized below ...