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Nanoq drilling results confirm significant gold copper mineralisation
Globenewswire· 2025-12-10 07:00
Core Insights - Amaroq Ltd. has confirmed significant gold and copper mineralization at the Nanoq gold project in South Greenland, with drilling results exceeding pre-drill expectations and indicating the potential for a material gold deposit [2][3][4] Exploration Results - The 2025 exploration program included 4,807 meters of diamond drilling across 27 holes, successfully testing approximately 600 meters of strike length within the Nanoq Central Zone, with mineralized intervals averaging about 3.3 meters thickness at a grade of 9.98 g/t Au at depths of up to 70 meters [5][11] - High-grade intersections were reported, including 187.4 g/t Au over 1.5 meters and 19.6 g/t Au over 4.9 meters, all at shallow depths, with 63% of holes intersecting mineralization [5][19] - The geological mapping has extended the interpreted strike of the Central Zone to 1.5 kilometers and identified previously unrecognized mineralized structures with surface grades of up to 9.5 g/t Au [5][16] Geological Insights - The Nanoq project hosts gold-bearing quartz veins within a folded volcano-sedimentary sequence, with mineralization concentrated in fold hinges and steeply dipping sheared fold limbs, indicating a complex geological structure typical of significant orogenic gold deposits [15][19] - The presence of copper was also confirmed, with intersections showing up to 1.12% Cu over 0.5 meters, suggesting a potential for copper alongside gold [5][20] Future Development Plans - The company aims to fast-track resource drilling to establish a maiden resource in the near term, leveraging the confidence gained from the recent results [4][11] - Infrastructure solutions are being explored, including a short 3 km access road to facilitate efficient transport of material to the Nalunaq processing facility [12][13] Historical Context - The Nanoq project, first identified in the 1990s, has not been systematically explored until now, making the 2025 drilling program the first comprehensive exploration campaign since 1997 [9][11] - The project is emerging as a distinct geological system compared to the Nalunaq mine, with multiple gold-bearing veins and greater combined thickness near the surface, indicating its potential as a standalone project [8][11]
Nanoq drilling results confirm significant gold copper mineralisation
Globenewswire· 2025-12-10 07:00
Core Insights - Amaroq Ltd. has confirmed significant gold and copper mineralization at the Nanoq gold project in South Greenland, with drilling results exceeding pre-drill expectations [2][3][4] Exploration Results - The 2025 exploration program included 4,807 meters of diamond drilling across 27 holes, successfully testing approximately 600 meters of strike length within the Nanoq Central Zone [5][9] - High-grade intersections were reported, including 187.4 g/t Au over 1.5 meters and 1.1% Cu over 0.5 meters at shallow depths [2][5] - 63% of the drilled holes intersected mineralization, with an average mineralized interval thickness of approximately 3.3 meters at a grade of 9.98 g/t Au [5][19] Geological Insights - The geological model has been strengthened, confirming the presence of multiple stacked mineralized zones and suggesting that mineralization remains open at depth and along strike [5][19] - Detailed mapping has extended the interpreted strike of the Central Zone to 1.5 kilometers, identifying previously unrecognized mineralized structures with high surface grades of up to 9.5 g/t Au [5][16] Future Development Plans - The company aims to fast-track resource drilling with the target of a maiden resource estimate in the near term, supported by existing camp infrastructure and strong liquidity [4][5] - A follow-up drilling program is planned for 2026, leveraging the insights gained from the 2025 exploration campaign [5][18] Metallurgical and Environmental Studies - Initial environmental baseline surveys have been launched to support future feasibility and permitting studies [21] - The company is engaging in metallurgical test work to assess how Nanoq material may perform within the existing Nalunaq processing flowsheet [22]
港股异动丨灵宝黄金一度大涨超11% 将收购Simberi矿主50%+1股股权 加强海外发展
Ge Long Hui· 2025-12-10 05:58
Core Viewpoint - Lingbao Gold (3330.HK) experienced a significant intraday increase of over 11%, reaching a new two-month high of HKD 18.32, with a total market capitalization of HKD 23.54 billion [1] Group 1: Acquisition Announcement - Lingbao Gold announced a share placement agreement with St Barbara Limited, under which the buyer conditionally agrees to acquire and the seller conditionally agrees to place 50% + 1 share of the target company, for a total consideration of AUD 370 million, equivalent to approximately RMB 1.735 billion based on an exchange rate of 1 AUD to RMB 4.6880 [1] - The key asset of St Barbara Mining is the Simberi gold mine located in Papua New Guinea, which, according to JORC standards, has gold resources of 153 tons and reserves of 81.2 tons, along with an operating processing plant with an annual capacity of 3.5 million tons [1] - The acquisition is expected to expand Lingbao Gold's resource base, enhance its competitiveness, and strengthen its overseas development [1]
X @Bloomberg
Bloomberg· 2025-12-10 03:10
Australian gold miner Ravenswood has secured a $650 million private credit loan from investment firm RRJ for refinancing purposes, according to sources https://t.co/v9iaRXyIzJ ...
Tiernan Gold Corp. and Railtown Capital Corp. Advance TSXV Tier 1 Listing with Filing of Filing Statement and Amended and Restated NI 43-101 Technical Report on the Volcan Gold Project
Newsfile· 2025-12-10 01:59
Core Viewpoint - Tiernan Gold Corp. and Railtown Capital Corp. are advancing towards a TSXV Tier 1 listing through a qualifying transaction involving the Volcan Gold Project in Chile, aiming to create a well-capitalized public mining company [2][5][11] Group 1: Proposed Transaction Details - Railtown has received conditional approval from the TSX Venture Exchange for its qualifying transaction with Tiernan, which will result in the creation of "Tiernan Gold Corp." as a Tier 1 mining company [2][5] - The proposed transaction involves a reverse take-over of Railtown by Tiernan through a three-cornered amalgamation, where Railtown will acquire all issued and outstanding common shares of Tiernan [5] - Railtown plans to consolidate its common shares on a 7.0916667 to 1 basis prior to closing the proposed transaction, which is expected to finalize around December 16, 2025 [6] Group 2: Technical Reports and Filings - Railtown has filed a filing statement on SEDAR+ in connection with the proposed transaction, dated December 8, 2025 [3] - An amended and restated technical report titled "Volcan Project - NI 43-101 Technical Report and Preliminary Economic Assessment" has also been filed, supporting Tiernan's strategy for project de-risking and advancement [4] - The technical report was prepared by Ausenco Chile Limitada and is effective as of July 15, 2025, with a summary included in the filing statement [4] Group 3: Future Steps and Conditions - Final approval for the listing is contingent upon the resulting issuer meeting specific conditions set by the TSXV by March 8, 2026, including the completion of the proposed transaction [7] - Trading of the common shares of the resulting issuer will resume under the symbol "TNGD" upon receipt of final approval from the TSXV [2]
5 Worst Performing ETFs of 2025 So Far
The Motley Fool· 2025-12-10 01:08
Core Insights - U.S. stocks are experiencing strong performance in 2025, with the S&P 500 up 16.8% and the Nasdaq-100 up 22.3% year to date [1][2] - Conversely, leveraged ETFs that bet against stocks or sectors have performed poorly, with significant losses reported [2] Group 1: Poor Performing ETFs - Direxion Daily Junior Gold Miners Index Bear 2x Shares ETF has seen a year-to-date performance decline of 89.2%, as gold prices have surged approximately 60% [4][5] - Direxion Daily Gold Miners Index Bear 2x Shares ETF is down 87% year to date, mirroring the performance of junior gold miners but focusing on larger gold mining stocks [7] - Direxion Daily Semiconductor Bear 3x Shares ETF has dropped 85.8% year to date, as the AI boom has significantly increased demand for semiconductor stocks [11][12] Group 2: Cryptocurrency-Related ETFs - Defiance Daily Target 2x Long MSTR ETF is down 82.8% year to date, as its performance is tied to the declining value of MicroStrategy, which has fallen over 45% [14] - T-Rex 2x Long MSTR Daily Target ETF has a similar performance, down 82.7% year to date, with a slightly lower expense ratio providing minimal relief to shareholders [15]
Blue Star Gold Announces Non-Brokered Private Placement
Newsfile· 2025-12-10 01:00
Core Viewpoint - Blue Star Gold Corp. plans to complete a non-brokered private placement of up to $600,000 through the issuance of up to 3,000,000 flow-through common shares at a price of $0.20 per share, pending approval from the TSX Venture Exchange [1][2]. Group 1: Private Placement Details - The flow-through shares will qualify under the Income Tax Act (Canada), with expenditures renounced to investors for the taxation year ending December 31, 2025 [2]. - All securities issued will be subject to a four-month and one-day hold period in accordance with Canadian securities laws [2]. - The net proceeds from the private placement will be used for Canadian exploration expenses on projects in Nunavut and for general working capital purposes [3]. Group 2: Company Overview - Blue Star Gold Corp. is focused on mineral exploration and development in Nunavut, Canada, with landholdings exceeding 300 square kilometers in the High Lake Greenstone Belt [4]. - The company owns the Ulu Gold Project and the Roma Project, with a significant high-grade gold resource at the Flood Zone deposit and numerous exploration targets for gold and critical minerals [4]. - The proximity of the future deep-water port at Grays Bay and the proposed Grays Bay Road corridor enhances the potential for resource growth [4].
Aero Energy Announces Definitive Agreement to Sell Chilean Gold Projects
Newsfile· 2025-12-10 00:30
Core Viewpoint - Aero Energy Limited has announced a definitive agreement to sell its Chilean gold projects to Batik Resources Ltd for a total consideration of $3,600,000, which includes cash and shares [1][8]. Transaction Details - The transaction involves the sale of 100% of the issued and outstanding shares of RIO Explorations SpA, which holds the Dorado and Cordillera gold projects in Chile's Atacama Region [1]. - The payment structure includes $700,000 in cash payable on closing, expected around December 17, 2025, and $2,900,000 in common shares of Batik, to be issued upon Batik's public listing [8]. Listing Requirements - Batik is required to complete a public listing by October 31, 2026. If this is not achieved, Aero retains the right to reclaim the RIO Shares at no cost [2]. Share Consolidation - The company plans to consolidate its outstanding common shares on a basis of one post-consolidation share for every ten pre-consolidation shares, pending Exchange approval [3]. Corporate Update - On the same date, Aero Energy issued 295,750 warrants to an eligible finder related to a previous non-brokered private placement, with an exercise price of $0.11 until November 14, 2026 [4]. Company Background - Following a merger with Kraken Energy Corp, Aero Energy has developed a significant portfolio of uranium assets in North America, including a 250,000-acre land package in Saskatchewan's Athabasca Basin [5]. - The company aims to capitalize on the growing global demand for uranium through its strategic assets and experienced technical team [5].
IAMGOLD Completes Term Loan Repayment and Receives Approval for Normal Course Issuer Bid
Newsfile· 2025-12-09 22:00
Core Points - IAMGOLD Corporation has successfully completed the repayment of its $130 million 2nd Lien Term Loan, marking a significant step in its debt reduction strategy [1][2] - The Toronto Stock Exchange has approved IAMGOLD's normal course issuer bid to repurchase up to 57 million common shares, representing approximately 9.92% of its public float as of November 30, 2025 [1][2] - The share buyback program reflects management's confidence in the company's long-term value and aims to enhance financial flexibility [2][5] Financial Strategy - The repayment of the term loan is part of IAMGOLD's broader strategy to strengthen its balance sheet and improve financial flexibility [2][5] - The company plans to fund the share repurchases from its operating cash flows, with acquired shares either being canceled or held in trust for future obligations [5][4] - As of November 30, 2025, IAMGOLD had 575,475,425 issued and outstanding shares, with a maximum daily purchase limit of 585,822 shares under the bid [3][4] Operational Outlook - IAMGOLD is optimistic about its growth opportunities in 2026, particularly regarding the expansion potential of its Côté Gold project and other operations like Westwood, Essakane, and Nelligan Mining Complex [2][8] - The company emphasizes disciplined capital allocation and believes that the market may undervalue its shares, making the buyback an attractive investment [2][5]
Alma Gold Announces Private Placement
Newsfile· 2025-12-09 21:58
Group 1 - Alma Gold Inc. intends to complete a non-brokered private placement of up to 15,000,000 units at a price of $0.08 per unit, aiming for gross proceeds of up to $1,200,000 [1][2] - Each unit will consist of one common share and one transferable common share purchase warrant, with the warrant allowing the holder to acquire an additional share at a price of $0.15 for five years from closing [1][2] - Proceeds from the private placement will be utilized for general working capital and potential strategic initiatives [2] Group 2 - All securities issued will be subject to a statutory hold period of four months and one day from issuance, and the company does not plan to pay any finder's fees [2] - Alma Gold Inc. is a gold-focused exploration company based in Bedford, Nova Scotia, with projects in Guinea and New Brunswick [4]