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CORRECTION: Quartz Drilling Intersects 123 m of 0.79 g/t AuEQ and 315 m of 0.73 g/t AuEQ Discovering Gold-Rich Porphyry System and Significantly Expanding Prodigy Mineralization
Accessnewswire· 2025-11-03 16:05
Updating Previous Release which had same tables at bottom of Press Release VANCOUVER, BC / ACCESS Newswire / November 3, 2025 / Quartz Mountain Resources Ltd. (TSXV:QZM)(OTC Pink:QZMRF) ("Quartz" or the "Company") is pleased to announce assay results from the Phase 3 drill program conducted on its Maestro property located 15 km north of Houston, British Columbia ("BC"). ...
Axcap Ventures Confirms Converse Growth Potential With High-Grade Oxide Gold Discovery And Broad Bulk-Tonnage Intersections
Accessnewswire· 2025-11-03 14:45
VANCOUVER, BC / ACCESS Newswire / November 3, 2025 / Axcap Ventures Inc. (CSE:AXCP) ("Axcap" or the "Company") is pleased to provide an update on new drill results from its flagship Converse Gold Project ("Converse"), located in Battle Mountain Trend in Nevada, USA. Results from holes CV25-003C and CV25-005C discovered a new zone of shallow, high-grade oxide gold 170 metres from the nearest known mineralization, as well as extensive bulk-tonnage mineralization. ...
Forrestania Resources extends option agreement for Hyden Project acquisition
Yahoo Finance· 2025-11-03 14:28
Core Points - Forrestania Resources has extended its option agreement with Hyden Resources to acquire 100% of Hyden Project Holdings, which includes the Lady Ada and Lady Magdalene gold deposits in Western Australia [1][4] - The revised agreement allows Forrestania to extend the option for additional one-month periods by providing written notice at least five business days before the current expiry date, with an extension fee of $60,000 for each month [2] - Half of any option extension fee paid prior to exercising the option will be deducted from the cash consideration upon completion, and Forrestania will also cover minimum expenditure commitments on the Hyden Project during the option period [3] Company Strategy - Forrestania Resources is focused on building a portfolio of high-quality gold projects across Western Australia's mining districts and is expanding its presence in the Southern Cross, Eastern Goldfields, and Forrestania regions through exploration and selective acquisitions [4] - The company has also announced a conditional scrip takeover bid for Kula Gold, proposing an exchange of one Forrestania share for every 5.6 shares of Kula Gold, valuing Kula at a 41% premium to its ten-day volume-weighted average price as of October 10 [5]
Colibri Announces Closing of First Tranche of Its Over-subscribed Non-Brokered Offering and Engages CANMEX for Drilling at EP Gold Project
Newsfile· 2025-11-03 14:09
Core Points - Colibri Resource Corporation has successfully closed the first tranche of its non-brokered private placement, raising gross proceeds of $1,350,722 [1][2] - The company issued 9,004,816 units at a price of $0.15 per unit, with each unit consisting of one common share and one warrant [2] - The net proceeds will be utilized for advancing exploration at Colibri's gold projects in Mexico and for general working capital [5] Financing Details - The company will pay finder's fees totaling $71,504 and issue 476,693 Finder's Warrants, each exercisable at $0.25 for 24 months [3] - A related party transaction occurred as Mr. Ian McGavney, Director and CEO, purchased 269,000 units for proceeds of $40,350 [4] Exploration and Drilling Plans - Colibri has engaged CANMEX for the next phase of drilling at the EP Gold Project, focusing on the San Perfecto and Banco de Oro target areas [6][8] - Drill targets have been defined through surface sampling, geological mapping, and geophysical surveys, indicating potential extensions of known mineralized systems [7] Company Overview - Colibri Resource Corporation is a Canadian junior mining company focused on the acquisition, exploration, and development of precious metal properties in Sonora, Mexico [9] - The company holds a 100% interest in the EP Gold Project and a 49% joint venture interest in the Pilar Gold & Silver Project [9]
San Lorenzo Provides Drilling Update from Cerro Blanco Target, Salvadora Project, Chile
Thenewswire· 2025-11-03 14:00
Core Insights - San Lorenzo Gold Corp. is advancing its drilling operations at the Cerro Blanco porphyry target located on its Salvadora property in Chile [1] - The first HQ diamond drill hole (SAL 04-25) reached a depth of 485 meters and intersected mineralization correlating with a previously identified IP chargeability anomaly [2][3] - The mineralization observed in the first hole is comparable to previous drilling results, which included 153.5 meters grading 1.04 g/t gold, 1.0 g/t silver, and 0.05% copper [3] Drilling Operations - The initial drill hole completed on October 29, 2025, tested a strong chargeability feature identified in a May 2025 IP geophysical survey [2] - The setup for drilling at a second location within the Cerro Blanco target has been completed, with assay results from the first hole expected to be reported soon [5] Exploration Strategy - The VP of Exploration, Terence Walker, expressed satisfaction with the effectiveness of IP geophysics in delineating drill targets at Cerro Blanco and the broader Salvadora property [4] - The company is looking forward to testing additional high chargeability IP anomalies identified across various target areas within the Salvadora property [4] Company Overview - San Lorenzo is focused on its flagship Salvadora property, which is situated in Chile's mega-porphyry belt, and has identified several significant gold and copper enriched systems through prior drilling programs [6]
Gold price today, Wednesday, November 5: Gold opens at lowest since Oct. 28
Yahoo Finance· 2025-11-03 13:34
Core Insights - Gold futures opened at $3,939.50 per ounce, marking a 0.5% decrease from the previous day's close of $3,960.50, which is the lowest opening since October 28 [1] - The price of gold has fluctuated around $4,000 after a recent pullback from all-time highs, influenced by economic uncertainties, a weakening dollar, and a trade agreement with China [2] - Stock prices have declined recently, which may increase demand for gold as a safe-haven asset [3] Current Price of Gold - The current opening price of gold futures is down 0.5% from the previous close, with a notable increase of 62.4% from one year ago as of October 17 [4][8] - The price changes over the past week, month, and year are as follows: -1.1% (week), +0.8% (month), and +43.6% (year) [8] Investment Options in Gold - Various methods to invest in gold include physical gold, gold mining stocks, gold ETFs, and gold futures [9] - Physical gold encompasses jewelry, bars, and coins, appealing to those who prefer tangible assets [6] - Gold mining stocks are subject to volatility due to their dependence on gold prices and geopolitical risks [11] - Gold ETFs track gold prices and can invest in physical gold, mining stocks, or futures, with SPDR Gold Shares being the largest [15] Advantages and Disadvantages of Investment Options - Physical gold offers easy accessibility and no ongoing fees but has risks of theft and lower liquidity [16] - Gold mining stocks provide greater liquidity and no storage requirements but come with higher volatility and no utility as a medium of exchange [17] - Gold ETFs have advantages like easy storage and liquidity but incur fund fees that can dilute returns [20] - Gold futures allow for leverage and convenience but carry high risk and complexity [21]
Gold price today, Wednesday, November 5: Gold opens at lowest price since Oct. 28
Yahoo Finance· 2025-11-03 13:34
Core Insights - Gold futures opened at $3,939.50 per ounce, down 0.5% from the previous close of $3,960.50, marking the lowest opening since October 28 [1][4] - The price of gold has fluctuated around $4,000 after a recent pullback from all-time highs, influenced by economic uncertainties, a weakening dollar, and a trade agreement with China [2] - Stock prices have declined, potentially increasing demand for gold as a safe-haven asset [3] Current Price Trends - The current opening price of gold futures reflects a decrease of 0.5% from the previous day, with a notable increase of 62.4% from one year ago as of October 17 [1][4][8] - Weekly change shows a decline of 1.1%, while the monthly change indicates a slight increase of 0.8% [8] Investment Options in Gold - Various methods to invest in gold include physical gold, gold mining stocks, gold ETFs, and gold futures [9] - Physical gold is tangible and easily accessible, but it has risks such as theft and lower liquidity [10][16] - Gold mining stocks can be volatile due to their dependence on gold prices and geopolitical risks, leading many investors to prefer diversified funds [11][17] - Gold ETFs track gold prices and offer greater liquidity, but they come with fund fees that can dilute returns [15][20] - Gold futures allow for leverage and convenience but carry high risks and complexity [19][21]
Drilling at North Peak's Industry Targets Underway. Follow-up Channel Sampling at Dean Cave Complex Stopes Yielded Further High-Grade Gold up to 90.4 g/t
Newsfile· 2025-11-03 13:21
Core Insights - North Peak Resources Ltd. has commenced drilling at the Industry tunnel target area, completing nearly 1,000 feet in the Wabash/Williams area and obtaining further results from the Dean Cave complex at their Prospect Mountain property in Eureka, Nevada [1][4] Drilling and Sampling Results - Drilling at the Industry target is focused on a 10,000 m² area with a soil anomaly of >0.1 g/t Au, located in the Eldorado dolomite between the Eureka and Industry tunnel systems [2] - Grab samples from the Industry tunnels have shown high values, with results up to 22.8 g/t Au and 87 g/t Ag, although these samples are selective and not indicative of the area's overall economic potential [2] - Historical production records from the Industry tunnel (1873-1888) indicate valuable ores, with a gold equivalence value of 3.83 oz/short ton based on 1888 prices [2] Dean Cave Complex Insights - Channel sampling across the Dean Cave complex has yielded high-grade results, particularly in the eastern area, which is identified as a high-priority zone for oxide ore [3] - Notable assay results include 90.4 g/t Au and 660 g/t Ag over 0.6m, indicating significant mineralization potential [5] - The Dean Cave complex has a history of high-grade production, with average historical grades of 0.229 oz/t (7.8 g/t) Au and 5.83 oz/t (200 g/t) Ag from previous mining activities [9] Geological Context - The Dean Cave area is characterized by a network of old stopes and is situated at the intersection of significant fault systems, which may enhance mineralization potential [3][11] - The property is located in the Southern Eureka Gold Belt, where various styles of mineralization have been identified, including gold, silver, and lead-zinc mineralization [19] Company Overview - North Peak Resources Ltd. is a Canadian gold exploration and development company listed on the TSX Venture Exchange and OTCQB, with a strong track record in acquiring mining assets and applying modern exploration techniques [22]
Here’s Why Alamos Gold (AGI) Surged in Q3
Yahoo Finance· 2025-11-03 13:07
Core Insights - The third-quarter 2025 investor letter from Aristotle Capital Boston, LLC indicates that U.S. small/mid-cap equities performed well, with the strategy returning 2.57% net of fees, underperforming the Russell 2500 Index's 9.00% total return [1] Company Overview - Alamos Gold Inc. (NYSE:AGI) is a gold producer focused on exploring and developing gold deposits [2][3] - The company reported a one-month return of -11.37% but a significant 53.11% increase in share value over the past 52 weeks, closing at $30.79 per share with a market capitalization of $13.01 billion on October 31, 2025 [2] Financial Performance - In the third quarter, Alamos Gold Inc. sold approximately 136,500 ounces of gold at an average realized price of $3,359 per ounce, resulting in record revenues of $462 million [4] - The company is expected to increase its production from 600,000 ounces to 1 million ounces per year over the next five years, supported by rising gold prices as an inflation hedge [3] Investment Perspective - The investment strategy maintains a position in Alamos Gold Inc. due to its lower geopolitical risk profile and strong operational track record [3] - Despite the potential of Alamos Gold Inc., there are suggestions that certain AI stocks may offer greater upside potential and less downside risk [4]
Rio2 Announces Receipt of US$50 Million From Wheaton Precious Metals
Globenewswire· 2025-11-03 13:00
VANCOUVER, British Columbia, Nov. 03, 2025 (GLOBE NEWSWIRE) -- Rio2 Limited (“Rio2” or “the Company”) (TSX: RIO; OTCQX: RIOFF; BVL: RIO) announces that, further to its news releases dated November 16, 2021, March 29, 2022, October 21, 2024, March 24, 2025, and July 25, 2025, it has received a fourth and final deposit payment of US$50,000,000 (the “Fourth Deposit”) from Wheaton Precious Metals International Ltd. (“WPMI”) in connection with the previously announced amended and restated precious metals purchas ...