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Zephyr Closes Private Placement
TMX Newsfile· 2026-02-05 13:40
Core Viewpoint - Zephyr Minerals Ltd. has successfully closed a non-brokered private placement, raising $260,000 through the issuance of 5,200,000 units, which will be utilized for various project-related activities and general working capital [1][2]. Group 1: Private Placement Details - The private placement consists of units, each comprising one common share and one common share purchase warrant, with warrants priced at $0.10 for a period of 24 months [1]. - The company paid finders' fees of $9,450 in cash and issued 189,000 finders' warrants, which also allow the acquisition of shares under the same terms [3]. - Insiders acquired 900,000 units for $45,000, qualifying as a related party transaction, and the company relied on exemptions from formal valuation and minority shareholder approval requirements [4]. Group 2: Dawson Gold Project Information - The Dawson Gold Deposit has an inferred mineral resource of 343,000 tonnes grading 12.11 g/t, equating to 133,500 ounces of gold at a 5 g/t cut-off [5]. - A Preliminary Economic Assessment (PEA) indicated robust economics with an all-in sustaining cost of $692 per ounce, based on a gold price of $1,250/oz [5]. - The project has significant exploration potential, particularly at depth and along the 700-meter-long Sentinel zone, which remains untested [5]. Group 3: Company Overview - Zephyr Minerals is focused on obtaining a mining permit for its 100% owned Dawson Gold property in Colorado and is awaiting the Zimbabwean Government's decision on two Exclusive Prospecting Orders [6]. - The company has not updated the resource estimate to include results from drilling programs conducted between 2017 and 2020, which may enhance the attractiveness of the Dawson project given the increase in gold prices [5][6].
Cameo to Drill 10-15 High Priority Gold Targets at Katoro, Undertake Private Placement
Thenewswire· 2026-02-05 13:30
Core Viewpoint - Cameo Resources Inc. has initiated its first drilling campaign on the Katoro Gold Property in Tanzania, marking a significant step in its exploration efforts [1][3]. Company Overview - Cameo Resources Inc. is a mineral exploration company focused on discovering and developing valuable mineral deposits, with its Katoro property covering 19.58 square kilometers in the Lake Victoria Goldfield [12]. Drilling Campaign Details - The company has signed a Drilling Services Agreement with HETAMIS Mineral Services Ltd. to conduct the drilling campaign [2]. - The drilling will evaluate 80 targets identified from recent geophysical exploration, with the first phase involving 10-15 drill holes targeting magnetic anomalies [3][4]. - The first phase is set to commence in early February 2026, focusing on areas with high prospectivity for gold mineralization [3][4]. Technical Insights - The Technical Report indicates a strong potential for gold mineralization at the Katoro property, with similarities noted to nearby gold mines [4]. - Drill targets will focus on magnetic anomalies and intersections of geological structures that may indicate mineralized zones [4]. Financial Activities - The company is undertaking a non-brokered private placement of up to $3,000,000, consisting of 10,000,000 units priced at $0.30 each [5]. - Proceeds from the placement will be allocated for exploration expenses and general working capital [7]. Option Grant - The company has granted 2,000,000 stock options to directors, officers, and consultants, exercisable at $0.30 for two years [8].
Tectonic Metals Drills 272 Metres of 0.50 g/t Au and 277 Metres of 0.49 g/t Au; Confirms Bulk-Tonnage Potential at Heap-Leachable Chicken Mountain, Flat Gold Project, Alaska
Accessnewswire· 2026-02-05 13:00
Unconstrained Growth Potential: 3.3 km Drilled Mineralized Strike x 700 m Width x 300 m Vertical Depth and Remaining Open in All Directions 100% Drill Success Continues: 191 of 191 Drill Holes Intersecting Gold Mineralization VANCOUVER, BC / ACCESS Newswire / February 5, 2026 / Tectonic Metals Inc. ("Tectonic" or the "Company") (TSXV:TECT)(OTCQB:TETOF) today announced final assay results from the 2025 drill program at Chicken Mountain. Today's results delivered thick, at or near-surface intercepts that rein ...
Ridgeline Minerals Announces Drill Results and Provides Permitting Updates at the Swift Project, Nevada
TMX Newsfile· 2026-02-05 13:00
Core Insights - Ridgeline Minerals Corp. announced final assay results for core hole SW25-008 at the Swift gold project, indicating significant gold mineralization [1][2] - The exploration drill permit for the Swift Plan of Operations has been approved, allowing for advanced exploration activities [2][6] Exploration Results - Drillhole SW25-008 reached a total depth of 1,249.7 meters and intersected 115 meters of gold mineralization ranging from 0.2 to 1.5 grams per tonne (g/t), with a highlight intercept of 5.8 meters grading 1.5 g/t Au within a broader 33.7 meters grading 0.5 g/t Au [2][3] - The results expand the gold footprint at Swift and demonstrate the scale of the target, which is located in a region with multiple existing mines [2][6] Project Development - The approval of the Swift Plan of Operations permit is a significant milestone, allowing for up to 200 acres of exploration disturbance and optimized drill hole locations [2][6] - Nevada Gold Mines (NGM) has committed to a total of US $20 million in qualifying work expenditures for the project, with US $14.48 million already incurred through December 31, 2025, and an additional US $5.52 million planned through December 31, 2026 [2][9] Future Plans - Drilling is expected to begin in late Q1 2026, focusing on testing down-dip and along strike of the known mineralized corridor to target a higher-grade gold zone [6][8] - The 2025 exploration budget has been set at US $5.52 million to satisfy Phase 1 earn-in requirements and drill up to five deep core holes at Swift [6][8]
ARIS MINING APPROVED FOR NYSE UPLISTING
Prnewswire· 2026-02-05 13:00
Core Viewpoint - Aris Mining Corporation has received approval to uplist its common shares from the NYSE American to the New York Stock Exchange (NYSE), changing its U.S. trading symbol from "ARMN" to "ARIS" to align with its Canadian trading symbol [1][2][3]. Company Overview - Aris Mining was founded in September 2022 with a focus on building a gold mining company in South America, combining current production with growth through expansions and development projects [5]. - The company operates two underground gold mines in Colombia, Segovia and Marmato, which produced approximately 257,000 ounces of gold in 2025, with plans to increase annual production to 500,000 ounces [6]. Production and Development Plans - Aris Mining aims to achieve an annual production of approximately 1.0 million ounces of gold, supported by its development pipeline, including the Toroparu gold project in Guyana and the Soto Norte project in Colombia [7]. - The company has completed a Preliminary Economic Assessment for the Toroparu project and is progressing with a Prefeasibility Study, while the Soto Norte project has also completed a Prefeasibility Study balancing scale and strong economics [7]. Management Insights - Neil Woodyer, Chair and CEO of Aris Mining, stated that the uplisting to the NYSE will enhance visibility among U.S. and global institutional investors and reflect the growing scale and quality of the company's portfolio [4].
Japan Gold Announces Extension to Investment Agreement with OR Royalties for the Option to Purchase an Additional Net Smelter Return Royalty for US$3 million
TMX Newsfile· 2026-02-05 12:30
Core Viewpoint - Japan Gold Corp. has granted a 9-month extension to OR Royalties Inc. for acquiring an additional 0.5% royalty in exchange for US$3 million, extending the deadline to November 4, 2026 [1][2]. Group 1: Agreement Details - The Amending Agreement allows OR Royalties to increase their royalty interest from 1.5% to 2% by paying US$3 million [1]. - Japan Gold can accelerate the deadline if it enters into a joint venture requiring a minimum investment of C$5 million within six months [2]. - The original agreement involved OR Royalties acquiring a 1.5% net smelter return royalty for US$5 million [3]. Group 2: Company Overview - Japan Gold Corp. is focused on exploring high-grade epithermal gold deposits across Japan, holding a significant portfolio of tenements in areas with known gold occurrences [4]. - The company is recognized for its experienced leadership and operational team, which has a track record of discoveries globally [4]. - Significant shareholders include Equinox Partners Investment Management LLC and Newmont Corporation [4].
ESGold Expands Montauban Land Position Following 3D Geological Model Identifying Potential District-Scale Mineralized Corridor
Accessnewswire· 2026-02-05 12:30
Core Insights - The company has staked an additional 144 mining claims, totaling approximately 7,668 hectares, around its Montauban project in Québec, significantly increasing its land position [1] - With the new claims, the company now controls 417 mining claims covering approximately 20,618 hectares or 206 square kilometers, making it the largest contiguous mineral tenure held by a single company in the Montauban region [1] Company Developments - The company is preparing for an expanded ANT survey and a step-out drilling program, indicating a proactive approach to exploration and resource assessment [1]
Ero Delivers Record Q4 Production and Strong Year-End Liquidity; Gold Concentrate Sales to Continue Through Mid-2027, Positioning for Next Phase of Step-Change Growth
Globenewswire· 2026-02-05 12:30
(all amounts in US dollars, unless otherwise noted) VANCOUVER, British Columbia, Feb. 05, 2026 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX: ERO, NYSE: ERO) ("Ero" or the “Company”) is pleased to announce record 2025 copper production and provide 2026 guidance and an updated three-year production outlook. HIGHLIGHTS Fourth Quarter and Full Year 2025 Results Optimization initiatives across the Company's operating portfolio in 2025 contributed to record quarterly copper production of 19,706 tonnes and quarterly ...
Abcourt Resumes Drilling on its Flordin Property with a 20,000-metre Campaign
Globenewswire· 2026-02-05 12:00
ROUYN-NORANDA, Quebec, Feb. 05, 2026 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. ("Abcourt" or the "Company") (TSX Venture: ABI) (OTCQB: ABMBF) is pleased to announce that it is undertaking a 20,000-metre drilling program on the Flordin Property. This drilling campaign (Phase 2) will be divided between the Cartwright sector and the South Zone sector, which were the subject of a first phase of drilling of approximately 4,000 metres last year. The ultimate objective of this campaign is to extend the various gold-b ...
Gold Terra Provides Update on Drilling Program Along the Campbell Shear South of the Con Mine, Yellowknife, NWT
Accessnewswire· 2026-02-05 12:00
VANCOUVER, BC / ACCESS Newswire / February 5, 2026 / Gold Terra Resource Corp. (TSXV:YGT)(Frankfurt:TX0)(OTCQB:YGTFF) ("Gold Terra" or the "Company") is pleased to announce the completion of eight (8) holes as the 2026 Winter Drill Program continues targeting the past producing Campbell Shear (CS), two kilometers south of the historic Con Mine. An additional two (2) holes were completed in the Northbelt area, 20 kilometres north of Yellowknife. ...