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Lahontan Receives BLM Approval for West Santa Fe Drill Program, Grants Options
Accessnewswire· 2025-11-26 12:30
TORONTO, ON / ACCESS Newswire / November 26, 2025 / Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF)(FSE:Y2F) (the "Company" or "Lahontan") is pleased to announce that the Company has received approval from the Federal Bureau of Land Management ("BLM") for its maiden drill program at the West Santa Fe project, located only 13 km from Lahontan's flagship Santa Fe Mine project in Nevada's prolific Walker Lane. The BLM approved Lahontan's Notice of Intent ("NOI") for drill sites on unpatented lode mining claims loca ...
Bullion Gold Acquires the Transterre, Transterre-Ouest, and Candore Gold Projects (Forming the Terragold Project)
Newsfile· 2025-11-26 12:15
Core Viewpoint - Bullion Gold Resources Corp. has signed an acquisition agreement to obtain 100% rights to the Transterre, Transterre-Ouest, and Candore gold properties, now known as the Terragold Project, located in Abitibi, Quebec, which is expected to enhance the company's gold project portfolio in a region known for its gold potential [1][3]. Project Overview - The Terragold Project encompasses 36 mining cells over an area of 2,060 hectares, situated in a volcanic geological environment with significant gold and silver mineralization [2]. - Historical drilling has revealed gold zones over approximately 2,500 meters in length and to a depth exceeding 450 meters, indicating the mineralized zone remains open for potential extension [2]. Historical Context and Economic Potential - Historical exploration occurred when gold prices were around US$35-40 per ounce, limiting economic viability; however, with current gold prices exceeding CA$5,600 per ounce, the project now holds significant economic potential [3][10]. - The project is expected to undergo a complete reassessment due to the modernized economic context and higher gold prices [10]. Geological and Structural Insights - Mineralization is associated with a system of felsic dikes and quartz veins, with significant gold grades found in altered and quartz-veined zones [4]. - The mineralization is linked to the Uniacke Deformation Corridor, which is interpreted as an extension of major gold deposit zones, providing an excellent environment for gold precipitation [5][6]. Work Program and Future Plans - A comprehensive compilation of historical drilling data and 3D geological modeling will guide future exploration campaigns, allowing for precise visualization and analysis of mineralization [9][14]. - An initial drilling program is planned for winter 2026, focusing on reassessing the Terragold Project's potential according to modern exploration standards [9]. Financial Commitments and Agreements - The acquisition agreement includes specific cash payments, share issuances, and work expenditures over a three-year period to acquire full interest in the Transterre property [11]. - A 2% NSR royalty is granted to the prospectors, with a provision for the corporation to repurchase 50% of this royalty for CA$750,000 [11][15]. Additional Projects - The corporation has also obtained permits for drilling and trenching on the Cadillac-Extension project, with plans to establish a drilling program following laboratory results from a recent basal till survey [17]. Company Background - Bullion Gold Resources is a junior exploration company focused on gold and polymetallic projects in Quebec, holding interests in several projects including Bousquet, Cadillac-Extension, Terragold, and Bodo [19].
Prospector Continues to Expand Multiple High-Grade Gold Trends: TESS Zone Hole #32 Yields 7.29 g/t Au, 0.91% Cu over 14m and Skarn Ridge Zone Hole #24 Yields 2.04 g/t Au, 0.42% Cu over 27m Plus 4.33 g/t Au, 0.5% Cu over 19m
Newsfile· 2025-11-26 12:00
Prospector Continues to Expand Multiple High-Grade Gold Trends: TESS Zone Hole #32 Yields 7.29 g/t Au, 0.91% Cu over 14m and Skarn Ridge Zone Hole #24 Yields 2.04 g/t Au, 0.42% Cu over 27m Plus 4.33 g/t Au, 0.5% Cu over 19mNovember 26, 2025 7:00 AM EST | Source: Prospector Metals Corp.Vancouver, British Columbia--(Newsfile Corp. - November 26, 2025) - Prospector Metals Corp. (TSXV: PPP) (OTCQB: PMCOF) (FSE: 1ET) ("Prospector" or the "Company") today announced final assay results for 15 drill ...
Eldorado Gold Releases Updated Mineral Reserve and Mineral Resource Statement; Offsetting Depletion and Increasing Mineral Reserves at Key Operations
Globenewswire· 2025-11-26 12:00
Core Insights - Eldorado Gold Corporation has reported an increase in its Mineral Reserves and Resources as of September 30, 2025, with a 5% rise in Mineral Reserves and a 21% increase in Inferred Mineral Resources, reflecting successful exploration efforts and resource conversion [2][6][12]. Mineral Reserves Summary - The total Proven and Probable gold Mineral Reserves reached 12.5 million ounces, up from 11.9 million ounces in the previous year, marking a 5% increase [6][9]. - The Lamaque Complex saw a significant 25% increase in Mineral Reserves, contributing to the overall growth [2][8]. - The average mine life across operations is projected to be 13 years, with specific mine life estimates as follows: Kisladag Mine (13 years), Olympias Mine (16 years), and Skouries Project (20 years) [5]. Mineral Resources Update - Measured and Indicated Mineral Resources totaled 17.4 million ounces, reflecting a 5% decrease from the previous year, primarily due to depletion at Kisladag and Perama Hill [11]. - Inferred Mineral Resources increased to 8.2 million ounces, a 21% rise, driven by new resources identified at Bonnefond and Perama Hill [12][14]. Exploration and Growth Strategy - The company plans to continue investing in organic growth through exploration, focusing on extending mine life at existing operations and pursuing new discoveries in Canada and Turkiye [5][17]. - Successful resource conversion at the Lamaque Complex, particularly in the Ormaque and Triangle zones, has positioned the complex for long-term growth [4][13]. Detailed Changes in Mineral Reserves - The following changes in Mineral Reserves were noted: - Lamaque Complex increased from 1.3 million ounces to 1.6 million ounces, a change of 314, with significant contributions from Ormaque and Triangle zones [9][13]. - Kisladag increased by 11% to 3.9 million ounces, while Olympias saw a slight increase to 1.8 million ounces [8][9]. Financial Assumptions - The updated Mineral Reserves reflect a conservative gold price assumption of $1,700 per ounce, up from $1,450 per ounce in the previous year, indicating a resilient portfolio [2][6].
Cabral Gold Announces Closing of US$45.1 Million Gold Loan and Draw Down to Fully Fund Heap Leach Starter Operation
Newsfile· 2025-11-26 11:30
Cabral Gold Announces Closing of US$45.1 Million Gold Loan and Draw Down to Fully Fund Heap Leach Starter OperationNovember 26, 2025 6:30 AM EST | Source: Cabral Gold Inc.Vancouver, British Columbia--(Newsfile Corp. - November 26, 2025) - Cabral Gold Inc. (TSXV: CBR) (OTCQB: CBGZF) ("Cabral" or the "Company") is pleased to announce the completion of all transaction documents for the previously announced arm's length gold loan agreement and the receipt of the entire US$45.1M principal amount (t ...
West Red Lake Gold Commences 3,000 Metre Drill Program at Fork Deposit
Globenewswire· 2025-11-26 08:30
Core Viewpoint - West Red Lake Gold Mines Ltd. has announced a fully funded infill drilling program at its Fork Deposit, which is positioned as a high-grade near-mine resource expansion target, aiming to integrate it into the production pipeline at the Madsen Mine [1][2]. Summary by Sections Company Overview - West Red Lake Gold Mines Ltd. is focused on advancing its flagship Madsen Gold Mine and holds a highly prospective land package in the Red Lake district of Ontario, which has historically produced over 30 million ounces of gold [23]. Drilling Program - The infill drilling program at the Fork Deposit will consist of approximately 3,000 meters of NQ diameter diamond drilling from the surface, targeting a shallow, high-grade zone of gold mineralization [6]. - The Fork deposit currently contains an Indicated mineral resource of 20,900 ounces grading 5.3 grams per tonne gold, with an additional Inferred resource of 49,500 ounces grading 5.2 grams per tonne [4]. Resource Potential - The Madsen Mine has a 1.5-million-ounce indicated resource that is open for expansion at depth, with several satellite deposits and untested exploration targets [2]. - The Fork Deposit is located just 250 meters from the Madsen Mine, offering a non-remnant zone of mineralization that could be accessed within a few months of development [2]. Historical Drilling Highlights - Significant historical drill results include Hole RUM-08-49, which intersected 13.05 meters at 13.97 grams per tonne gold, and Hole PDM04-318, which intersected 9.3 meters at 8.14 grams per tonne gold [7][10]. - The average thickness of the high-grade zone is conservatively estimated at approximately 2 meters based on existing core length intercepts [6]. Geological Context - The Fork deposit lies within two concordant shear zones, with gold distribution controlled by the intersection with ultramafic sills and iron formation units [14]. - The mineralized body is characterized by deformed quartz veins and is associated with hydrothermally altered rock controlled by shear zones [17]. Future Development Plans - The company is ready to pursue a hub-and-spoke growth model at Madsen, with simultaneous surface drilling programs at Fork and Rowan [2]. - The extension of underground development towards Fork will open significant exploration potential along the main structural trend from Madsen [6].
West Red Lake Gold Commences 3,000 Metre Drill Program at Fork Deposit
Globenewswire· 2025-11-26 08:30
Core Viewpoint - West Red Lake Gold Mines Ltd. has announced a fully funded infill drilling program at its Fork Deposit, which is positioned as a high-grade near-mine resource expansion target, aiming to integrate it into the production pipeline at the Madsen Mine [1][2]. Summary by Sections Company Overview - West Red Lake Gold Mines Ltd. is focused on advancing its flagship Madsen Gold Mine and holds a highly prospective land package in the Red Lake district of Ontario, which has historically produced over 30 million ounces of gold [23]. Drilling Program - The infill drilling program at the Fork Deposit will consist of approximately 3,000 meters of diamond drilling from the surface, targeting a shallow, high-grade zone of gold mineralization [6]. - The Fork deposit currently contains an Indicated mineral resource of 20,900 ounces grading 5.3 grams per tonne gold, with an additional Inferred resource of 49,500 ounces grading 5.2 grams per tonne [4]. Resource Potential - The Madsen Mine has a significant indicated resource of 1.65 million ounces of gold grading 7.4 grams per tonne, with additional inferred resources [21]. - The Fork Deposit is located approximately 250 meters from the Madsen Mine, providing a strategic opportunity for near-term production integration [2][21]. Historical Drilling Highlights - Historical drilling at Fork has shown significant intercepts, including hole RUM-08-49, which intersected 13.05 meters at 13.97 grams per tonne gold [7]. - The drilling results indicate a high-grade core within the Fork resource, which has been prioritized for immediate advancement [2][4]. Geological Context - The Fork deposit lies within two shear zones, with gold distribution controlled by structural intersections with ultramafic sills and iron formation units [14][15]. - The mineralized zones at Fork have been drill tested over a 600-meter strike length and to a vertical depth of 375 meters, with thicknesses typically ranging from 1 to 5 meters [17].
Formation Metals Intercepts Strong Mineralization Including Visible Gold at the Advanced N2 Gold Project
Accessnewswire· 2025-11-26 08:01
Core Insights - Visible gold has been observed in two of the first thirteen drill holes, including a significant 30.8 metre interval drilled in the "A" and "RJ" zones [1] - The company is currently undertaking its first drill campaign at N2 since 2008, when Agnico drilled the "RJ" Zone, which previously identified high-grade intercepts as high as 51 g/t Au over 0.8 metres [1]
Lake Victoria Gold Extends Mineralization Below Pit Shell at Imwelo; First Results Confirm Continuity to >250 m Depth
Newsfile· 2025-11-26 08:01
Core Insights - Lake Victoria Gold Ltd. has reported positive initial results from its ongoing 4,000 m drill program at the Imwelo Gold Project, confirming mineralization continuity to over 250 m depth [1][4][10] - The results indicate potential for extending the open-pit shell and evaluating future underground options beyond the planned shallow open-pit operation [5][7][10] Drilling Program Details - The drilling program utilizes a combination of reverse-circulation pre-collars and diamond-core tails, aimed at reducing costs and cycle time while ensuring high-quality geological data [2] - Five out of the planned twenty-four drill holes have been completed, with assay results received from the MSA Laboratory in Geita [5][10] Assay Results Highlights - The first five holes show consistent grades and widths comparable to the existing resource, confirming the depth extension of mineralization [4][7] - Additional mineralization has been identified in both the footwall and hanging wall, indicating potential for future resource expansion [4][7] Management Commentary - The President & CEO expressed optimism regarding the results, noting that mineralization continues beyond the current pit design and that additional lodes are emerging [10][11] - The Exploration Manager highlighted strong geological indicators aligning with expectations, including quartz veining and structural continuity [10] Future Objectives - The program aims to support continuous updates with additional assays pending from ongoing drilling [12] - Objectives include refining final pit design, improving resource confidence, and testing down-dip extensions to enhance resource estimates [19]
Royal Gold: Upgrading To Buy As Gold's Fundamentals Strengthen And Growth Accelerates
Seeking Alpha· 2025-11-26 02:36
Core Insights - Royal Gold, Inc. (RGLD) has strong fundamentals, record financials, and attractive jurisdictional diversification, but its current stock price reflects much of its growth potential [1] Group 1: Company Overview - Royal Gold, Inc. is highlighted for its strong fundamentals and record financials [1] - The company benefits from attractive jurisdictional diversification, which enhances its investment appeal [1] Group 2: Analyst Background - The analyst has over 10 years of experience researching companies across various sectors, including commodities and technology [1] - The analyst has researched over 1000 companies, providing a broad perspective on investment opportunities [1] - The analyst has transitioned from writing a blog to a value investing-focused YouTube channel, covering hundreds of companies [1]