Identifies additional potential resources of 15 million to 30 million tonnes of mineralization at an estimated range of 0.9 to 1.1 gram per tonne gold1Launches largest single drill program in Juby’s history TORONTO, Dec. 11, 2025 (GLOBE NEWSWIRE) -- McFarlane Lake Mining Limited (“McFarlane” or the “Company”) (CSE: MLM, OTC: MLMLF) is pleased to announce the 2025–2026 Diamond Drilling Exploration Program of 12,000 to 13,000 metres at its 100%-owned Juby Gold Project, located west of Gowganda, Ontario, with ...

Core Insights - New Found Gold Corp. announced infill drill results from the Monte Carlo zone in the AFZ Core as part of its ongoing 2025 drill program on the Queensway Gold Project in Newfoundland and Labrador, Canada [1][3] Drill Results - The infill drilling aimed to upgrade mineral resources from inferred to indicated categories within the Phase 1 and Phase 2 open pits, with 2,306 meters drilled across 28 diamond drill holes [4][5] - Notable drill results include: - 22.4 g/t Au over 4.75 m from 102.25 m (NFGC-25-2462) - 6.59 g/t Au over 12.20 m from 33.00 m (NFGC-25-2450) - 25.5 g/t Au over 2.70 m from 29.00 m (NFGC-25-2447) [7][19] Geological Context - Gold mineralization at Monte Carlo extends approximately 235 m in strike length and to a depth of 160 m, situated within a fault zone on the western side of the Appleton Fault Zone [6] Future Plans - The company plans to integrate the new drill results into an updated mineral resource estimate scheduled for H1 2026 [3] - Future drill programs will focus on upgrading and expanding the underground portion of the Monte Carlo zone [3][4] Ongoing Drilling Programs - The 2025 Queensway drill program, which commenced in May 2025, is over 95% complete and is expected to conclude in Q4 2025 [13] - Additional drilling includes geotechnical, condemnation, and hydrogeological drilling, all aimed at supporting the Phase 1 mine plan [14] Exploration Activities - Exploration drilling continues in the vicinity of the Dropkick zone, where a new zone of gold mineralization is being outlined [15] - An excavation program has been completed at the Lotto zone, with results pending from the analysis of samples collected [16] Company Overview - New Found Gold is focused on advancing the Queensway Gold Project and bringing the Hammerdown Operation into steady-state production [38] - The company holds a 100% interest in Queensway and has a solid shareholder base, including cornerstone investor Eric Sprott [38]

Core Viewpoint - Nevada King Gold Corp. has launched a fully-funded Phase 4 regional exploration program at its 100% owned Atlanta Gold Mine Project, following the successful completion of a 30,000m Phase 3 drilling program that identified new regional oxide mineralization and potential satellite deposit targets [1][4]. Phase 4 Exploration Program - Phase 4 will consist of an initial 20,000m of drilling, focusing on the most prospective targets, particularly Silver Park East, while also conducting systematic reconnaissance across the broader land package [2][5]. - The program aims to define the scale of the newly discovered mineralized zone at Silver Park East, located 2 km from the existing resource, and to maintain a strong pipeline of high-priority targets [4][5]. Target Areas - **Silver Park East**: 5,000m allocated to tighten spacing across the current mineralized footprint and test a 270m gap to the southeast [6][7]. - **Atlanta South**: Drilling targets the West Atlanta Fault corridor, with mineralization hosted in Pogonip Limestone, aiming to refine vectors toward stronger mineralization [8]. - **Atlanta North**: Extends 4km north from the Atlanta Resource Zone, with Phase 4 drilling testing a gap for additional near-surface oxide mineralization [9]. - **Western Rim**: Represents a large-scale early-stage opportunity with multidirectional quartz veins, with plans for additional geophysical surveys and a modification to the Plan of Operations for better access [10]. Advanced Targeting Techniques - The company is utilizing multiple layers of geoscientific data, including machine learning analysis, to generate a ranked pipeline of early-stage targets for Phase 4 drilling [11]. Resource Estimates - The Atlanta Gold Mine project hosts an NI 43-101 compliant pit-constrained oxide resource of 1,020,000 ounces of gold in the measured and indicated category, plus an inferred resource of 99,000 ounces [16].

Core Insights - Heliostar Metals Ltd. announced a positive Prefeasibility Study (PFS) for its Cerro del Gallo project, highlighting strong economic metrics and significant expansion potential [1][2] Project Overview - The Cerro del Gallo project has a reserve base of 2.27 million gold equivalent ounces (GEOs) of probable mineral reserves as of July 31, 2025 [3] - The project is designed as a 6 million tonne-per-year open-pit mining operation utilizing conventional methods [6] Economic Analysis - The base case scenario shows a post-tax NPV of US$424 million, an IRR of 33.1%, and a payback period of 2.3 years at a gold price of US$2,300/oz [4][5] - The upside case indicates a post-tax NPV of US$972 million, an IRR of 59.3%, and a payback period of 1.4 years at a gold price of US$3,900/oz [4][12] - Average annual free cash flow is projected at US$47.6 million at a gold price of US$2,300/oz, increasing to US$104.5 million at US$3,900/oz [4][25] Production Metrics - The mine life is estimated at 15.3 years, with an average annual production of approximately 85,700 GEOs [5][8] - The average total cash cost is projected at US$1,252 per GEO, with an all-in sustaining cost (AISC) of US$1,390 per GEO [9][18] Resource Estimates - Indicated resources total 240 million tonnes grading 0.63 g/t AuEq for 4.9 million GEOs, while inferred resources are 24 million tonnes grading 0.52 g/t AuEq for 0.4 million GEOs [4][40] Capital Expenditure - Initial capital expenditure is estimated at US$195.3 million, which includes costs for a heap leach mine and SART plant [4][20] - Total life-of-mine capital costs are projected at US$355.6 million, including US$132 million allocated for reclamation at the end of the mine life [10][21] Next Steps - The company plans to continue technical work, permitting, and community engagement to advance the project to a feasibility level [2][38] - Future drilling will focus on increasing mineral resources and reserves, particularly in areas with high potential for growth [37][36]

Core Insights - The company has intercepted significant mineralized sections in drill holes N2-25-006, N2-25-009, and N2-25-011 within the "A" zone, indicating potential for a multi-million ounce conceptual open-pit resource [1] - The maiden drill program is focused on assessing the first three hundred meters vertically [1] Drill Results - Drill hole N2-25-006 intercepted 102.6 meters of target mineralization starting at 15.3 meters downhole, with multiple intervals exceeding 10 meters in width, including a notable interval of up to 23.4 meters [1]

Core Points - Robex Resources Inc. has entered into an Amending Agreement with Predictive Discovery Limited and 9548-5991 Québec Inc. to amend the previously announced arrangement agreement for the acquisition of Robex Shares [2][4] - Under the Amended Agreement, Robex Shareholders will receive 7.862 Predictive Shares for each Robex Share, resulting in a post-transaction ownership of approximately 46.5% for former Robex Shareholders in the combined company [3][6] - The merger aims to create one of West Africa's leading gold producers, combining two significant projects with projected production exceeding 400,000 ounces annually by 2029 and combined resources of approximately 9.5 million ounces of gold [13][25] Amended Arrangement Agreement - The Amended Agreement was reached following a competing superior proposal received by Predictive, which was subsequently deemed not superior under the terms of the original Arrangement Agreement [4] - The transaction is expected to be accretive to shareholders, providing exposure to high-quality assets and potential index inclusion [6][13] - The deadline for Robex Shareholders to vote has been revised to December 29, 2025, with no further action required for those who have already voted [11][14] Shareholder Support - Major shareholders representing approximately 23.8% of outstanding Robex Shares have entered into amended voting agreements in support of the transaction [6][10] - The Robex Board has unanimously recommended that shareholders vote in favor of the Arrangement Resolution, supported by updated fairness opinions from financial advisors [9][8] Strategic Benefits - The merger combines two low-cost, advanced projects, Kiniero and Bankan, optimizing development and exploration efforts [13][6] - The combined company is positioned for enhanced market profile and liquidity, with potential inclusion in major indices such as ASX 200 and GDXJ [13][6] - Experienced leadership with proven expertise in the region will drive effective execution of the combined company's strategy [13][6]

Core Viewpoint - Kinross Gold Corporation is positioned as a strong player in the gold mining industry, focusing on sustainable practices and strategic growth initiatives to enhance its market position [1]. Performance Summary - KGC's stock has increased by approximately 7.85% over the past month, indicating strong market performance despite a minor dip of 0.36% in the last 10 days, which may present a buying opportunity for investors [2][6]. Growth Potential - The growth potential for KGC is estimated at 12.47%, suggesting significant room for stock appreciation, making it an attractive option for growth-seeking investors in the gold mining sector [3][6]. Financial Health - KGC has a Piotroski Score of 8, reflecting strong operational efficiency and financial stability, appealing to value investors [4][6]. Target Price - The target price for KGC is set at $30.75, indicating potential for the stock to reach this level based on current market conditions and future growth prospects, reinforcing its attractiveness for investors [5].

Currency Trading - Long euro versus US dollar, currently at 117, expected to reach 1223 quarters (approximately 12275) [1] Commodity Investments - Copper miners are suggested as a potential investment, mirroring the rally of gold miners with the gold move [1] Energy Sector - XLE (Energy Select Sector SPDR Fund) is identified as a breakout candidate [1] - XOM (Exxon Mobil Corporation) is also mentioned, staying within the X theme [1]

Company Overview - Royal Gold is experiencing significant growth and has assets that are contributing revenue, indicating a strong operational performance [1][2] - The company is expected to have $3 million per day available for investment to return to shareholders in the March quarter, highlighting its financial strength and commitment to shareholder returns [1] Presentation Insights - The Senior Vice President of Investor Relations and Corporate Development, Alistair Baker, emphasized the exciting developments within the company over the past year, suggesting a positive outlook for future discussions [2] - The presentation will include forward-looking statements, and stakeholders are encouraged to review the associated risk factors disclosed in the company's 10-K filings with the SEC [3]

Core Viewpoint - Northern Superior Resources Inc. has received shareholder approval for a statutory plan of arrangement to facilitate the acquisition of its common shares by IAMGOLD Corporation, involving a share and cash exchange [1] Group 1: Arrangement Details - The arrangement involves IAMGOLD acquiring all issued and outstanding common shares of Northern Superior in exchange for 0.0991 of an IAMGOLD common share and $0.19 in cash for each Northern Superior share [1] - The arrangement also includes the distribution of all common shares of ONGold Resources Ltd. [1]