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Court Approval Received and Effective Date Set for Walhalla 1:1 Spinout
Newsfile· 2025-12-08 12:30
Vancouver, British Columbia--(Newsfile Corp. - December 8, 2025) - Great Pacific Gold Corp. (TSXV: GPAC) (OTCQX: GPGCF) (FSE: V3H) ("Great Pacific Gold," "GPAC," or the "Company") announces that on December 5, 2025, the Company received final court approval for the Arrangement and Plan of Arrangement previously approved by shareholders of Great Pacific Gold for the spin out (the "Spin Out") of Walhalla Gold Corp. ("Walhalla"), whereby the Company will distribute the shares of Walhalla to the shareholders o ...
Gold Royalty to buy Pedra Branca mine royalty, launches bought deal financing (GROY:NYSE)
Seeking Alpha· 2025-12-08 12:19
Gold Royalty (GROY) -5.6% pre-market Monday after saying it agreed to acquire an existing royalty on the Pedra Branca mine in Brazil from BlackRock World Mining Trust for $70 million in cash. Pedra Branca is currently owned and operated by ...
AuMEGA Metals Announces Capital Market Changes
Newsfile· 2025-12-08 12:15
Core Points - AuMEGA Metals Ltd is changing its registry and transfer agent to Computershare Investor Services effective December 15, 2025, for both the Australian Stock Exchange and TSX Venture Exchange [1][2] - The company has a strong shareholder base, including B2Gold Corp, which owns 10% of its outstanding shares, and approximately 50% of shares held by major global institutions [3][6] - AuMEGA has engaged Renmark Financial Communications Inc. to enhance its investor relations and support growth in North America, with a monthly fee of up to C$9,000 for seven months starting December 1, 2025 [4] Company Overview - AuMEGA Metals Ltd is focused on exploring a 110-kilometer land package along the Cape Ray Shear Zone in Newfoundland, Canada, which is recognized as the largest identified gold structure in the region [5][6] - The company has defined a gold Mineral Resource of 6.2 million tonnes at an average grade of 2.25 g/t, totaling 450,000 ounces of Indicated Resources, and 3.4 million tonnes at an average grade of 1.44 g/t, totaling 160,000 ounces in Inferred Resources [7] - AuMEGA also holds a 27-kilometer stretch of the Hermitage Flexure and has secured an Option Agreement for the Blue Cove Copper Project, indicating strong potential for copper and other base metals [6]
Asante Gold Announces Intention to Dual List on ASX
Globenewswire· 2025-12-08 12:01
Core Viewpoint - Asante Gold Corporation is initiating the process to dual list its securities on the Australian Securities Exchange (ASX) to enhance its shareholder base and trading liquidity, aiming for a listing in early 2026 [1][2]. Company Overview - Asante Gold Corporation is a gold exploration, development, and operating company with a portfolio of projects and mines in Ghana, including the Bibiani and Chirano Gold Mines [3]. - The company is also conducting technical studies at its Kubi Gold Project and exploring additional projects such as Keyhole, Fahiakoba, and Betenase, all located in Ghana's Golden Triangle [3]. Listing Strategy - The dual listing on the ASX is intended to broaden Asante's investor base and increase visibility among Australian and Asia-Pacific investors, leveraging the strong mining-sector expertise in that market [2][3]. - The company has filed a Suitability Application with the ASX and is collaborating with Australian advisors to prepare the necessary listing materials [2]. Leadership Perspective - The President and CEO of Asante, Dave Anthony, emphasized that the ASX listing will align Asante with peer African and global gold producers, aiming to expand the institutional shareholder base in Australia [3].
Xali Gold Files Technical Report on the Pico Machay Gold Project in Peru
Globenewswire· 2025-12-08 12:00
VANCOUVER, British Columbia, Dec. 08, 2025 (GLOBE NEWSWIRE) -- Xali Gold Corp. (TSXV:XGC) ("Xali Gold” or the “Company”) is pleased to announce that it has filed the National Instrument 43-101 (“NI 43-101”) compliant report titled “Technical Report Pico Machay Gold Deposit, Huancavelica Province, Peru” effective November 18th, 2025 and dated December 4th, 2025 (the “Technical Report”) on SEDAR+. This Report was prepared by David Thomas, P.Geo., of DKT Geosolutions Inc., on behalf of Xali Gold to comply with ...
Fury Announces Initial Mineral Resource Estimate for the Sakami Gold Project in Quebec
Globenewswire· 2025-12-08 11:59
Core Viewpoint - Fury Gold Mines Limited has announced an initial inferred mineral resource estimate for the La Pointe Extension target at its Sakami gold project, indicating significant potential for resource expansion and low discovery costs [1][3][4]. Summary by Sections Initial Mineral Resource Estimate - The initial mineral resource estimate (MRE) for the La Pointe Extension is 23.9 million tonnes grading 1.07 grams per tonne (g/t) gold, containing 825,000 ounces of gold [6][7]. - The resource is located near the surface, with all ounces projected to be within 400 meters of the surface [6]. Exploration Potential - There is considerable upside to expand beyond the existing in-pit resources, with an initial mineral exploration target ranging from 8.1 million tonnes to 14.7 million tonnes, grading between 1.57 g/t and 1.11 g/t gold [3][13]. - The current resource remains open in all directions, with immediate opportunities to expand to the northeast and southwest, as well as below the current open pit [11][19]. Discovery Cost and Project Development - The discovery cost for the La Pointe Extension is reported to be less than C$9 per ounce, which includes acquisition costs and drilling expenses [3]. - The summer 2025 drilling program confirmed the continuity and grades of historical drilling, leading to the release of the initial resource estimate [3][19]. Technical Details - The MRE was prepared by an independent geologist in accordance with Canadian standards, ensuring the credibility of the estimates [4][22]. - The estimates are based on a validated database that includes data from 54 surface diamond drill holes totaling 18,233.72 meters [7][21]. Project Overview - The Sakami project covers approximately 14,250 hectares and is strategically located in a region with established gold mineralization [18]. - The project is positioned along a structural corridor where gold mineralization has been identified over a distance of more than 23 kilometers [18].
Omai Gold Drills High-Grade Zone at East Wenot, Intersecting 11.07 g/t Au over 14.7m, Including 34.31 g/t Au over 4.3m
Newsfile· 2025-12-08 11:35
Core Insights - Omai Gold Mines Corp. has reported significant assay results from its drilling program at the Omai Gold Project in Guyana, highlighting new high-grade gold zones at East Wenot and Central Wenot [1][4][5] Drilling Program Overview - A total of 79 drill holes (35,300 meters) have been completed in 2025, with 30 holes (13,250 meters) on the Wenot deposit not included in the August 2025 Mineral Resource Estimate (MRE) [2][29] - The company aims to update the MRE in early 2026, ahead of a Preliminary Economic Assessment (PEA) expected in H1 2026 [2][4] Significant Drill Results - Notable intersections include: - Hole 25ODD-142 at East Wenot: 11.07 g/t Au over 14.7 meters, including 34.31 g/t Au over 4.3 meters - Hole 25ODD-145W at Central Wenot: 13.54 g/t Au over 13.3 meters, including 27.82 g/t Au over 6.2 meters and 63.17 g/t Au over 2.2 meters [7][8][30] Exploration Focus - The drilling program is focused on expanding the resource at Wenot and optimizing the upcoming PEA by exploring less drilled areas within the southern sedimentary sequence and the Dike Corridor [5][16] - The company has exceeded its goal of completing an additional 10,000 meters of drilling by year-end [4][5] Camp Zone and BBH Target Updates - At the Camp Zone, seven diamond drill holes (2,931 meters) have been completed, with significant results including 2.72 g/t Au over 16.3 meters in hole 25ODD-135 [25][26] - The BBH target has also seen recent drilling, with results indicating widespread near-surface gold mineralization, although some holes returned lower grade results [20][21][22] Corporate Developments - Omai Gold has entered into an investor relations agreement with TB Investor Relations to enhance its communication strategy, effective December 1, 2025 [33]
Wesdome's Surface Exploration Program at Kiena Confirms High-Grade Growth Potential
Globenewswire· 2025-12-08 11:30
Core Insights - Wesdome Gold Mines Ltd. has reported promising high-grade results from its Kiena Mine Complex in Val-d'Or, Québec, particularly from the Dubuisson North Zone, which returned two distinct thick, high-grade intercepts within the same drillhole [1][2] Dubuisson Zone - The Dubuisson North Zone has shown exceptional grade and thickness with significant intercepts, indicating strong potential for growth and resource upgrade [2][12] - A total of 10,500 meters of drilling was completed in 2025, primarily as an infill campaign, with a focus on near-deposit exploration targets [11] - Notable intercepts include 8.1 g/t Au over 9.3 meters and 10.7 g/t Au over another 9.3 meters, highlighting the opportunity to enhance resource estimates [12][14] Northwest Zone - The Northwest Zone drilling program completed approximately 7,300 meters, revealing a high-grade intercept of 203.0 g/t Au over 1.2 meters, suggesting the potential for a new lens of mineralization [4][15] - The mineralization remains open to the west and at depth, with plans for further exploration in 2026 to expand the known extent of the zone [16][17] 134 Zone - The 134 Zone, which has not been explored since 2010, returned a highlight intercept of 56.8 g/t Au over 1.8 meters, indicating significant potential for future resource growth [5][18] - The 2026 drilling campaign will focus on advancing understanding of this underexplored area [19] Wesdome Zone - The Wesdome Zone underwent its first drilling campaign since 2010, confirming the geological model and identifying new mineralized envelopes [20][21] - The zone is classified as inferred, with a resource of 1.3 million tonnes grading 4.9 g/t Au, indicating substantial growth potential if the resource base is expanded [21][22] Future Exploration Plans - The company plans to dedicate approximately 55,000 meters to drilling in 2026, focusing on advancing existing targets and testing new ones identified from a recent drone magnetic survey [2][14] - The Dubuisson Zone will be a key focus for systematic drilling in 2026, particularly at depth, to refine geological interpretations and assess the potential for resource growth [14][19]
XXIX Expands Drill Program at Cooke and Saddle Zones Following Encouraging Early Results at Opemiska
Newsfile· 2025-12-08 11:00
Core Insights - XXIX Metal Corp. is expanding its 2025 drill program at the Opemiska Project due to stronger-than-expected results from the Cooke Zone and increased confidence in the Saddle Zone [1][5] Cooke Zone: Outperforming Early Expectations - Drilling at the Cooke Zone has confirmed a more extensive mineralized horizon than previously modeled, leading to a doubling of the drill budget and meter count [2][7] - The focus will be on the near-surface crown pillar of the former Cooke Gold Mine and step-outs along a newly identified horizon, representing a significant opportunity for resource addition [2][7] Saddle Zone: Advancing Toward Resource Definition - The Saddle Zone has shown strong copper-gold intercepts in past campaigns, but drill density has not been sufficient for resource inclusion [3] - The expanded drilling program aims to connect and upgrade known high-grade areas, similar to the Cooke Zone, and offers substantial upside potential [3][7] Driving Growth Beyond the October PEA - The expanded drill program is intended to build on the recently announced Preliminary Economic Assessment (PEA), which demonstrated strong economics and rapid payback [4] - Resource additions from both Cooke and Saddle, along with other near-pit targets, could enhance project scale and improve the upcoming Pre-Feasibility Study [4] Operational Updates - The total drill program has been increased to 10,000 meters, split between the Cooke and Saddle Zones [7] - A second drill rig was mobilized at the end of November to accelerate progress across priority targets [12]
K2 Gold Strengthens Si2 Model - New Studies Define High-Priority Targets
Newsfile· 2025-12-08 11:00
K2 Gold Strengthens Si2 Model - New Studies Define High-Priority TargetsDecember 08, 2025 6:00 AM EST | Source: K2 Gold CorporationVancouver, British Columbia--(Newsfile Corp. - December 8, 2025) - K2 Gold Corporation (TSXV: KTO) (OTCQB: KTGDF) (FSE: 23K) ("K2" or the "Company") today announced the results of comprehensive geological studies that further reinforce the Company's Si2 Project as a compelling analogue to other significant low-sulphidation epithermal gold deposits, including AngloG ...