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Abcourt Mines announces the Appointment of Dany Cenac Robert as Vice-President, Communications and Corporate Development
Globenewswire· 2026-02-03 12:00
ROUYN-NORANDA, Quebec, Feb. 03, 2026 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) (OTCQB: ABMBF) is very pleased to announce the appointment of Mr. Dany Cenac Robert to the position of Vice-President, Communications and Corporate Development. A strategic partner of the Corporation since 2018, Mr. Cenac Robert possesses in-depth knowledge of Abcourt's assets and vision. With over 20 years of experience in strategic communications and financial markets, he notably ...
Bellavista signs agreement to acquire stake in Pickle Crow Project, Canada
Yahoo Finance· 2026-02-03 11:41
Bellavista Resources has signed a binding share sale and purchase agreement to acquire a 70% stake in the Pickle Crow Gold Project from FireFly Metals, along with additional exploration assets in Ontario, Canada. The acquisition, which includes an option to increase Bellavista's interest to 80%, is contingent upon shareholder approvals. The Pickle Crow site has an inferred mineral resource of 2.8 million ounces (moz) at 7.2 grams per tonne (g/t) gold, as reported under the JORC Code 2012. Under the agr ...
NEVADA KING EXPANDS SILVER PARK EAST MINERALIZATION WITH 350M STEP-OUT, INTERCEPTS 0.93 G/T AUEQ OVER 14.6M STARTING AT SURFACE
Prnewswire· 2026-02-03 11:30
Core Insights - Nevada King Gold Corp. has announced positive assay results from the Silver Park East target, indicating significant mineralization in the Atlanta Gold Mine Project [1][5] Exploration Results - The assay results include a highlight of 0.93 g/t AuEq over 14.6m from hole B25-101, located 350m south of the main SPE zone, confirming surface oxide gold-silver mineralization [2][3] - Additional drilling has extended the main SPE zone by 50m west, confirming a mineralized footprint of 300m by 500m at SPE [3][5] - The ongoing Phase 4 drilling program has completed 2,100m of a fully funded 20,000m exploration initiative, with further assay results expected later this month [10] Mineralization Characteristics - Mineralization at SPE is primarily hosted along an unconformity within silicified breccia, similar to the Atlanta Resource Zone, indicating a large-scale system [5][14] - The RAB drilling has confirmed the presence of mineralization at shallow depths, with notable results from holes B25-100 and B25-101, which bottomed in mineralization [4][14] Historical Context - The decision to drill 350m south of the main SPE zone was influenced by a historic drill hole from 2005 that encountered 0.45 g/t AuEq over 38.1m, demonstrating structural continuity within the mineralized zones [14] 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, along with an inferred resource of 99,000 ounces [13][16]
Harvest Gold Meets 2025 Mosseau Exploration Expenditure Obligation Pursuant To Its Mosseau Mineral Agreement With Vior Gold Corporation Inc.
Thenewswire· 2026-02-03 11:30
Vancouver, British Columbia - February 3, 2026 ‑ TheNewswire – Harvest Gold Corporation (TSXV: HVG) (“Harvest Gold” or the “Company”) announces that it has met the required exploration expenditure obligation of $1,250,000 through its 2025 exploration program in the Northern and Central portion of the Mosseau property, its flagship property in the Urban Barry Belt in Quebec’s Abitibi region.Harvest Gold President and CEO, Rick Mark, states: “We have come a long way in the last 18 months and are now in an exc ...
K92 Mining Announces 2025 Fourth Quarter Financial Results Conference Call Details
Globenewswire· 2026-02-03 11:00
VANCOUVER, British Columbia, Feb. 03, 2026 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQX: KNTNF) announces that it will release its 2025 fourth quarter financial results before the North American trading markets open on Monday, March 2, 2026. Conference Call and Webcast to Present Results K92 will host a conference call and webcast to present the 2025 fourth quarter financial results at 8:30 am (EST) on Monday, March 2, 2026. Listeners may access the conference call by dialin ...
Wesdome Secures Regulatory Approval for Kiena's Presqu'ile Zone; Production to Commence Ahead of 2026 Schedule
TMX Newsfile· 2026-02-03 10:30
Core Viewpoint - Wesdome Gold Mines Ltd. has received an updated Certificate of Authorization and a mine lease for the Presqu'île Zone at its Kiena Mine, which is expected to enhance production ahead of schedule [1][2]. Group 1: Production and Operations - Production from the Presqu'île Zone is anticipated to commence ahead of the original schedule, contributing significantly to Kiena's 2026 production guidance [2][5]. - The new zone is projected to deliver between 250 and 400 tonnes per day of additional ore to Kiena's mill once fully ramped up [2][5]. - The incremental ore from Presqu'île is a crucial element in achieving the company's fill-the-mill strategy [2][5]. Group 2: Company Overview - Wesdome is a Canadian-focused gold producer with two high-grade underground assets: Eagle River in Northern Ontario and Kiena in Val-d'Or, Québec [3]. - The company's primary objective is to leverage its operating platform and exploration pipeline to establish itself as a value-driven mid-tier gold producer [3]. Group 3: Management Commentary - Anthea Bath, President and CEO, expressed satisfaction with the progress at the Presqu'île Zone and acknowledged the team's efforts in securing the mining lease [2]. - Kevin Weston, General Manager of Kiena, highlighted the dedication and teamwork that contributed to the successful preparation for upcoming mining activities [2].
X @Bloomberg
Bloomberg· 2026-02-03 10:06
Investors could appeal Indonesia’s decision to take over a lucrative private gold mine in Sumatra, according to the country’s finance minister https://t.co/VOgzPfoEvh ...
Foran Mining to Be Acquired by Eldorado Gold in CAD 3.8B All-Share Deal, Closing Q2 2026
Yahoo Finance· 2026-02-03 09:13
Core Viewpoint - Eldorado Gold is set to acquire Foran Mining in an all-share transaction valued at approximately CAD 3.8 billion, aiming to create a larger and more geographically diversified gold and copper producer with two major projects expected to commence production in 2026 [4][7]. Company Overview - Foran Mining is a zinc-copper exploration and development company with projects located along the Flin Flon Greenstone Belt, including McIlvenna Bay, Bigstone, and others [18]. Transaction Details - Foran shareholders will receive 0.1128 Eldorado shares per Foran share, resulting in an expected post-transaction ownership of approximately 76% for Eldorado shareholders and 24% for Foran shareholders [2][7]. - The transaction is anticipated to close in Q2 2026, with shareholder meetings scheduled around April 14, 2026 [2][7]. Production and Financial Expectations - The combined company is projected to achieve annual production of over 900,000 gold equivalent ounces by 2027, representing an approximate 80% increase [5][9]. - Free cash flow is expected to reach around CAD 1.5 billion and EBITDA is forecasted to exceed CAD 2 billion in 2027 [5][8]. Project Details - The Skouries project in Greece is expected to produce 140,000 ounces of gold and 67 million pounds of copper annually over a 20-year mine life [1][6]. - The McIlvenna Bay project in Saskatchewan is approximately 85% complete and is targeting commercial production by mid-2026 [6][7]. Strategic Rationale - The acquisition is intended to enhance Eldorado's competitive position in the gold and copper markets, with a focus on long-life assets and industry-leading growth [3][4]. - The addition of McIlvenna Bay diversifies Eldorado's portfolio by increasing copper exposure and establishing a second operating footprint in Canada, with copper expected to contribute roughly 15% of revenue in 2027 [9][10]. Risk Management and Execution Readiness - Executives emphasized that key risks related to permitting, financing, and execution have been largely addressed, with the combined company expected to maintain pro forma liquidity of approximately CAD 1.5 billion and minimal net debt of around CAD 90 million [5][11][19]. - The Skouries project is fully permitted and financed, with construction progress and commissioning activities underway [19]. Future Catalysts - 2026 is described as a catalyst-rich year, with significant milestones including the commercial production of Skouries and McIlvenna Bay, as well as the expected maiden resource for the Tesla Zone [15][14].
Golden Cariboo Resources Intersects 0.42 g/t Gold over 47.01m (154.2 ft) From Surface and 0.76 g/t Au over 20.45m at Depth
Thenewswire· 2026-02-03 08:05
Core Viewpoint - Golden Cariboo Resources Ltd. has reported promising results from its Quesnelle Gold Quartz Mine property, indicating significant gold mineralization, which may enhance the company's exploration potential and overall value [1][3]. Group 1: Exploration Results - The diamond drill hole QGQ25-25 intersected 0.42 g/t gold over 47.01m from surface, within a broader interval of 0.26 g/t Au over 190.2m [1][2]. - Additional mineralization was found deeper in the hole, including 0.76 g/t gold over 20.45m from 324.88m, with the hole ending in mineralization yielding 1.00 g/t gold over 1.91m [1][2]. - The drill hole is a step out in the Halo zone, located 96m north-northeast of a previous hole QGQ24-20, which returned 0.99 g/t Au and 9.77 g/t Ag over 236.88m [2]. Group 2: Technical and Analytical Details - Drill core samples were analyzed at the accredited MSALABS laboratory, employing methods such as aqua regia digest and PhotonAssay™ for a thorough assessment of gold distribution [4]. - QA/QC samples constituted 5% of the total samples, ensuring the reliability of the reported results [3]. Group 3: Company Overview and Strategic Position - Golden Cariboo Resources Ltd. is focused on rediscovering the Cariboo Gold Rush through targeted drilling and trenching programs on its Quesnelle Gold Quartz Mine property, which spans 94,899 hectares [8][9]. - The property is strategically located near Hixon, British Columbia, and is adjacent to significant geological features, enhancing its exploration potential [9].
Update on Recent Incidents at Palito Complex and Coringa Mine
Globenewswire· 2026-02-03 06:00
Update on Recent Incidents at Palito Complex and Coringa Mine Serabi Gold plc (“Serabi” or the “Company”) (AIM:SRB, TSX:SBI, OTCQX:SRBIF), the Brazilian focused gold mining and development company, provided the following update regarding last week’s incidents at Palito Complex and Coringa mine. The Company confirms that mining and milling operations were at no point interrupted and continue to progress according to budget. The Company has complied with protocols of all relevant agencies and authorities rega ...