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Arizona Gold & Silver reports best drill results to date at Philadelphia project - ICYMI
Proactiveinvestors NAยท 2025-09-20 18:18
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive's content includes insights across various sectors such as biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
Silver Bullet Mines Returns 23.6 oz/ton Gold From Concentrate at KT Mine in Arizona
Newsfileยท 2025-09-18 19:07
Core Viewpoint - Silver Bullet Mines Corp. (SBMI) has reported highly successful results from a bulk sample taken from the KT Mine in Arizona, indicating significant gold and silver values that align with historical data from the previous owner [1][4]. Group 1: Acquisition and Sampling - SBMI acquired the KT Mine on July 23, 2025, and processed approximately 50 tons from a 400-ton waste material sample, yielding an average of 0.3 oz/ton gold, with peaks of 1.8 oz/ton [2]. - Additional random samples from the concentrate were sent to Activation Laboratories Ltd. for analysis, revealing gold values as high as 23.6 oz/ton and silver values reaching 28 oz/ton [3]. Group 2: Processing and Operations - The company is currently shipping more material from the KT Mine to the mill for processing to produce a concentrate for sale [4]. - SBMI has improved site access and secured the area, with ongoing efforts to define the vein structure, which has been traced for over 1000 feet [5][6]. Group 3: Future Prospects - The KT property and the Super Champ Mine are believed to have significant potential for high-grade gold and silver production, prompting SBMI to work on increasing mill capacity and adding circuits for mineral recovery [9]. - The company is awaiting results from a third-party multi-element analysis on concentrate from the Super Champ Mine to advance the sales process [10].
Orestone Expands Francisca Gold - Silver Project to Nine Square Kilometres in Salta Argentina
Newsfileยท 2025-09-17 11:56
Core Viewpoint - Orestone Mining Corp. has expanded its Francisca Gold-Silver Project in Salta, Argentina, by adding approximately two square kilometers of land, enhancing its exploration potential for gold deposits [1][2]. Company Developments - The company can acquire up to an 85% interest in the Francisca property through cash payments and exploration expenditures totaling US$4,200,000 over seven years [1]. - An amending agreement has been made with Argentinian vendors to include the additional land in the Option Agreement for a payment of US$10,300 [1]. Exploration Plans - Orestone plans to conduct detailed mapping and trench re-sampling followed by drilling to test the gold system, aiming to define an oxide gold deposit suitable for open-pit mining [2]. - A two-phase exploration program is designed, with Phase 1 involving detailed mapping and sampling of approximately 580 rock chip samples, and Phase 2 consisting of a 1200-meter reverse circulation drill program with 8 drill holes [10]. Geological Insights - Geologic mapping has identified an oxide gold stock-work mineralized trend with a northwest strike length of 1100 meters, indicating potential for a larger intrusive body at depth [3]. - The newly acquired lands cover the potential extension of the mineralizing system, with historic shallow mine workings indicating mineralization measuring approximately 400 meters by 200 meters [6]. Previous Sampling Results - The South Zone, the most prominent target, has shown high-grade gold values ranging from 0.03 to 33 g/t, with an average of 5.78 g/t gold and 29.2 g/t silver [7][8]. - Sampling was conducted under strict quality control measures, with samples analyzed for gold and multi-element analysis [9].
Eskay Expands High-Grade Vein-Hosted Gold-Silver Mineralization at its 100% Controlled and Consolidated Eskay Project in the Golden Triangle
Accessnewswireยท 2025-09-17 11:30
Core Insights - Eskay Mining Corp. has announced initial assay results from its prospecting and sampling program at the Consolidated Eskay Project in British Columbia [1] - The geological team has significantly expanded the area where high-grade gold veins were discovered in 2024 [1] Company Summary - Eskay Mining Corp. is a publicly traded company listed on TSXV, OTC PINK, and Frankfurt exchanges [1] - The company holds 100% control over the Consolidated Eskay Project located in the Golden Triangle region of British Columbia [1]
Tocvan Announces Commencement Of Field Work And Airborne Magnetics Survey At Gran Pilar Gold Silver Project; Drilling And Trenching Prep Accelerate Discovery & Pilot Mine Production
Accessnewswireยท 2025-09-16 06:05
Core Insights - Tocvan Ventures Corp. has initiated field work and an airborne magnetics survey at its Gran Pilar Gold Silver Project, indicating progress in exploration and pilot mine programs [1] - The company is preparing for upcoming drilling and trenching activities, which are set to begin shortly [1] Company Overview - Tocvan Ventures Corp. is focused on gold and silver projects in Sonora, Mexico, positioning itself as a leading exploration and development company in the sector [1]
Plato Gold Announces Results of Drill Program at Lolita Project, Santa Cruz, Argentina
Globenewswireยท 2025-09-12 11:30
Core Viewpoint - Plato Gold Corp. has announced the results of its drilling program at the Lolita Project in Santa Cruz, Argentina, revealing non-economic gold and silver values but significant anomalous pathfinder elements [1][4][11]. Drilling Program Summary - Drilling commenced in May and concluded by mid-June, totaling 1,585 meters across 12 holes, with lengths ranging from 74 to 242 meters [2]. - The program was completed within the projected budget [2]. Sample Results - Results from 299 samples, including quality control samples, have been reviewed and passed by the Qualified Person [3]. - Maximum values recorded in drill core include 15 parts per billion of gold and 5.8 parts per million of silver, with arsenic at 1,059 ppm, antimony at 230 ppm, mercury at 15 ppm, and sulfur at 1.7 percent [4]. Geological Findings - Drill holes at Panza and Corazon intersected silica veinlets and hydrothermal breccias within a specific stratigraphic unit of competent, felsic volcanic rock, possibly an ignimbrite [4]. - Anomalous mineralization appears to be stratigraphically controlled rather than influenced by steep structures, with significant volumes of alteration and mineralization lacking precious metals [6][7]. Anomalous Element Values - Selected anomalous pathfinder element values include: - Panza LO-25-003: 25.35 m interval with 395 ppm arsenic and 0.69% sulfur [8] - Panza LO-25-009: 37.90 m interval with 308 ppm arsenic and 0.66% sulfur [8] - Corazon LO-25-011: 37.30 m interval with 166 ppm arsenic and 0.42% sulfur [8] - Corazon LO-25-012: 45.00 m interval with 237 ppm arsenic and 0.64% sulfur [8] Future Considerations - The geological occurrence of these mineralization zones is atypical for the Deseado Massif, and the significance of these findings will be further studied by the company [11].
Plato Gold Announces Results of Drill Program at Lolita Project, Santa Cruz, Argentina
Globenewswireยท 2025-09-12 11:30
Core Viewpoint - Plato Gold Corp. has announced the results of its drilling program at the Lolita Project in Santa Cruz, Argentina, revealing non-economic gold and silver values but significant anomalous pathfinder elements. Drilling Program Summary - Drilling commenced in May and was completed by mid-June, totaling 1,585 meters drilled across 12 holes, with lengths ranging from 74 to 242 meters [2] - The program was completed within the projected budget [2] Sample Results - Results from 299 samples, including quality control samples, have been reviewed and passed by the Qualified Person [3] - Maximum values recorded in drill core include 15 parts per billion of gold and 5.8 parts per million of silver, with arsenic at 1,059 ppm, antimony at 230 ppm, mercury at 15 ppm, and sulfur at 1.7 percent [4] Geological Findings - Drill holes at Panza and Corazon intersected silica veinlets and hydrothermal breccias within a specific stratigraphic unit of competent, felsic volcanic rock [4] - Anomalous mineralization appears to be stratigraphically controlled rather than by steep structures, with significant volumes of alteration and mineralization lacking precious metals [6][7] Anomalous Element Values - Selected anomalous pathfinder element values include: - Panza LO-25-003: 25.35m interval with 395 ppm arsenic and 0.69% sulfur [9] - Panza LO-25-009: 37.90m interval with 308 ppm arsenic and 0.66% sulfur [9] - Corazon LO-25-011: 37.30m interval with 166 ppm arsenic and 0.42% sulfur [9] - Corazon LO-25-012: 45.00m interval with 237 ppm arsenic and 0.64% sulfur [9] Future Considerations - The geological occurrence of mineralization zones with anomalous pathfinder elements is atypical for the Deseado Massif, and the significance of these findings will be further studied by the company [12]
Arizona Gold & Silver Announces Closing Of Oversubscribed Non-Brokered Private Placement
Thenewswireยท 2025-09-12 11:00
Core Points - Arizona Gold & Silver Inc. has successfully closed a non-brokered private placement, raising total gross proceeds of CDN$1,999,924.80 by issuing 6,666,416 units at a price of $0.30 per unit [1][3] - Each unit consists of one common share and one transferable common share purchase warrant, with each warrant exercisable at a price of $0.40 per share for three years [2] - The proceeds from the private placement will be utilized for further exploration of the Philadelphia Property in Mohave County and for general working capital purposes [3] Financial Details - The company paid finder's fees totaling $26,451 in cash, along with 266,667 shares and 26,667 common share purchase warrants, each warrant allowing the holder to acquire one common share at $0.40 for three years [4] - All securities issued are subject to a four-month hold period [5] Regulatory Information - The private placement and finder's fees are subject to the approval of regulatory authorities [4] - The securities have not been registered under the United States Securities Act of 1933 and cannot be offered or sold within the United States without registration or an applicable exemption [7][8]
Hycroft completes $60m private placement for mine development
Yahoo Financeยท 2025-09-12 09:43
Core Viewpoint - Hycroft Mining has successfully closed a $60 million non-brokered private placement aimed at mine development, led by investor Eric Sprott [1][4]. Funding and Use of Proceeds - The funds raised will be allocated for the development of the Hycroft gold-silver mine and for the company's working capital, including general corporate activities [2]. - The private placement consisted of over 14 million units priced at $4.2805 each, with each unit comprising one common share and a one-half common warrant [1]. Mine Infrastructure and Operations - The Hycroft mine, located in Nevada's Sulfur Mining District, is equipped for both heap leach and milling operations and has significant existing infrastructure [2]. - The project includes facilities for three-stage crushing, leach pads, and Merrill Crowe plants, along with a refinery [3]. Ownership and Investment Details - Following the placement, Eric Sprott acquired 9,344,704 units, resulting in approximately 33% ownership of Hycroft Mining's common shares and 10,188,176 warrants [4]. - Tribeca Global Natural Resources holds an approximate 8% stake after purchasing 4,438,734 units, while other investors contributed $1 million by acquiring 233,618 units [4]. Financial Position - After the completion of the private placement, Hycroft Mining's unrestricted cash reserves are approximately $129 million [3].
T2 Metals Secures Option to Acquire Shanghai Gold-Silver Project in Yukon's Tombstone Gold Belt and Appoints Shawn Ryan to Advisory Board
Newsfileยท 2025-09-10 12:00
Core Viewpoint - T2 Metals Corp has secured an option to acquire the Shanghai gold-silver project in Yukon's Tombstone Gold Belt, a region known for its rich mineral potential and proximity to advanced mining projects [1][4]. Company Summary - T2 Metals Corp signed an Option Agreement to earn a 100% interest in the 27.4 sq km Shanghai project located in the Mayo Mining District, Yukon Territory [1]. - The project is strategically positioned 12 km west of Hecla Mining's Keno Hill silver mine and near several resource-stage gold projects [1][6]. - The company aims to enhance its portfolio by acquiring high-potential gold projects, with the Shanghai project being held by renowned explorer Shawn Ryan for over 20 years [5][6]. - T2 Metals plans to conduct additional surface sampling and local geophysics, followed by drilling in 2026 [13]. Industry Summary - The Tombstone Gold Belt is recognized as one of North America's most active and gold-rich mining districts, with significant exploration activity from various companies [4][28]. - Recent exploration efforts in the region have indicated the potential for major new gold discoveries, with T2 Metals joining the search supported by Shawn Ryan, a successful explorer in the Yukon [6][20]. - The geological setting of the Shanghai project is similar to major discoveries in the area, which enhances its exploration potential [7][9]. - The project has a Class 3 permit that allows for drilling, road construction, and camp installation, facilitating immediate exploration activities [2][13]. Financial Terms - T2 Metals will acquire the Shanghai project for a total consideration of $500,000 in cash and 3,000,000 common shares, with payments made over a seven-year period [14]. - The company is required to incur a minimum of $1,800,000 in exploration expenditures over six years, including an initial $100,000 by November 15, 2026 [18].