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Galiano Gold Expands Abore High-Grade Footprint with Multiple Intercepts in Latest Drilling Including 14.2 g/t Au over 15m and 4.7 g/t Au over 24m
TMX Newsfile· 2026-01-29 12:30
Core Insights - Galiano Gold Inc. has reported successful results from the 2025 Abore drilling program at the Asanko Gold Mine in Ghana, indicating continuity of high-grade mineralization and new discoveries at depths of up to 200 meters [1][2][4] Drilling Program Results - The 2025 Abore drilling program consisted of 11,000 meters and was completed in December 2025, with results to be included in the upcoming maiden underground Mineral Resource estimate expected in February 2026 [2][4] - Significant drill highlights include: - Hole ABDD25-431: 14.2 grams per tonne (g/t) gold over 15 meters from 231 meters - Hole ABDD25-444: 4.4 g/t Au over 30 meters from 306 meters - Hole ABDD25-453: 30.4 g/t Au over 4 meters from 500 meters [6][16] High-Grade Continuity - Infill drilling at the Abore South pit confirmed multiple high-grade intercepts, enhancing the vertical extent of the Main pit ore shoot by at least 50 meters [7][8] - Notable intercepts include: - Hole ABDD25-444: 30 meters at 4.4 g/t Au from 306 meters - Hole ABDD25-448: 11 meters at 3.0 g/t Au from 480 meters and 15 meters at 3.4 g/t Au from 496 meters [7][9] Step Out Drilling - Four step-out holes were drilled to test extensions of the Abore mineralizing system, all intersecting mineralization, with significant results from holes ABDD25-448 and ABDD25-453 [9][10] - These results indicate that the Abore system remains open at depth across the entire 1.8 kilometers of strike length [11] Future Exploration Plans - Galiano plans to allocate an initial exploration budget of $17 million for 2026, focusing on Mineral Resource and Reserve growth [12][13] - An aggressive drilling program of 30,000 meters is planned at Abore in 2026, with additional infill drilling at Esaase to convert existing resources [17][18] Geological Context - The Abore deposit is located approximately 13 kilometers north of the AGM's processing plant and has current Measured and Indicated Mineral Resources of 638,000 ounces at 1.24 g/t Au [18][19]
Awalé Hits 52.8 g/t Gold over 9 Metres from Charger 1 Step-Down Drilling
TMX Newsfile· 2026-01-29 12:00
Core Viewpoint - Awalé Resources Limited has announced promising step-down drilling results from the Charger target at its Odienné Project in Côte d'Ivoire, indicating strong continuity of high-grade gold mineralization and potential for further discoveries [2][4]. Drilling Results - The latest drilling results include a significant intercept of 52.8 g/t gold over 9 metres in hole CHDD-03, which remains open to the northeast, suggesting the possibility of a new high-grade hinge zone [3][8]. - Other notable intercepts include 10.6 g/t gold over 7 metres from CHDD-02 and 17.6 g/t gold over 4 metres from CHDD-04, reinforcing the high-grade potential of the Charger target [8]. Exploration Program - The current drilling program is part of a larger 100,000-metre resource development campaign, with six holes reported as part of a 17-hole phase aimed at supporting an initial mineral resource estimate for the Charger target [4][5]. - Drilling has confirmed the continuity of a steep, southwest-plunging high-grade gold breccia and vein system, with results from additional holes still pending [6][7]. Project Overview - The Odienné Project covers 2,346 km² across seven permits, with ongoing exploration activities in underexplored regions of Côte d'Ivoire [8][9]. - The project has multiple pipeline prospects with substantial upside potential, characterized by geochemical signatures similar to Iron Oxide Copper Gold (IOCG) systems [10]. Company Background - Awalé Resources is focused on discovering large high-grade gold and copper-gold deposits, currently managing exploration activities under a joint venture with Newmont Ventures Limited [9][10]. - The company benefits from a skilled technical team and operates in a pro-mining jurisdiction, enhancing its potential for district-scale discoveries [10].
Borealis Mining Announces First Production Blast at Borealis Gold Mine, Nevada
TMX Newsfile· 2026-01-29 12:00
Core Viewpoint - Borealis Mining Company has successfully completed its first production blast at the Borealis Gold Mine, marking a significant milestone in the mine's restart and transition to sustained operations [1][2][3]. Group 1: Production Milestone - The inaugural production blast occurred on January 28, 2026, within the permitted East Ridge open pit, successfully fragmenting approximately 40,000 short tons of material [2]. - This blast is the first large-scale production shot since the initiation of the mine restart program, confirming operational readiness after site preparation and contractor mobilization [2][3]. Group 2: Operational Strategy - The company is focused on advancing toward consistent and sustained mining operations while prioritizing safety and operational discipline [3][8]. - Following the blast, material will be excavated and transported to the heap leach pad, with initial stacking activities expected to commence as mining progresses [4]. Group 3: Infrastructure and Location - The Borealis Gold Mine benefits from substantial existing infrastructure, including multiple permitted open pits and an on-site ADR plant, which reduces restart risk and capital intensity compared to greenfield developments [5][10]. - The mine is situated in a well-established Nevada mining jurisdiction, providing access to skilled labor and experienced service providers [6]. Group 4: Future Prospects - The Borealis Gold Mine has historically produced over 600,000 ounces of gold and possesses high-grade expansion potential with robust historical drilling results [10]. - The company is also evaluating regional exploration opportunities and operational synergies within its broader Nevada asset portfolio [8][12].
Hemlo Mining Corp. Initiates 130,000 Metre Exploration Drilling Program for 2026
Prnewswire· 2026-01-29 11:30
Core Viewpoint - Hemlo Mining Corp. is launching a significant 130,000 metre exploration drilling program at the Hemlo Gold Mine, aimed at extending mine life, de-risking the near-term mine plan, and exploring broader growth potential in a favorable gold price environment [3][4][5]. Drilling Program Breakdown - The 2026 exploration drilling program consists of three main components: - Resource Conversion Drilling (70,000 metres) to convert Inferred mineral resources to Indicated classification [5][8]. - High-Definition Drilling (30,000 metres) to enhance geological confidence and operational predictability for the short-term mine plan [5][11]. - Growth Drilling (30,000 metres) to test new mineralized zones outside the current resource footprint [5][12]. Mineral Resources and Reserves - The Hemlo Mine has Probable mineral reserves of 2,321 koz of contained gold, with Measured and Indicated mineral resources of 3,626 koz [6][7]. - The after-tax NPV5% of the mine is approximately US$1.1 billion based on a long-term gold price of US$2,610/oz, potentially increasing to US$1.6 billion under higher price assumptions [7][20]. Program Context - The drilling program is positioned as a disciplined investment to support future technical studies and mine life extension, leveraging the current favorable gold price environment [4][3]. Target Areas for Drilling - Key target areas include: - C-Zone and E-Zone for resource conversion drilling [8][17]. - B-Zone Footwall for potential extensions of mineralization [14][15]. - South Rim and Highway Zone for testing continuity and potential resource delineation [16][18]. Future Plans - The results from the 2026 drilling program are expected to form the basis for an updated technical report, anticipated in H2 2027 [5][29].
AngloGold Ashanti: 'Gold Is The Money Of Kings,' Be A King (NYSE:AU)
Seeking Alpha· 2026-01-29 10:57
Core Insights - The recent rally in gold has led to increased investor interest, with a suggestion that gold is a favorable investment option [1] Investment Strategy - A well-diversified portfolio should be constructed with a core foundation of a high-quality low-cost S&P 500 fund [1] - For those who can tolerate short-term risks, an overweight position in the technology sector is recommended, as it is believed to be in the early stages of a long-term bull market [1] - Large oil and gas companies that provide strong dividend income and growth are suggested for dividend income [1] - A top-down capital allocation approach is recommended, tailored to individual investor situations, including factors such as age, risk tolerance, and financial goals [1]
CGN Resources to acquire Desdemona Project in Western Australia
Yahoo Finance· 2026-01-29 10:42
CGN Resources has finalised a binding agreement to acquire the Desdemona Project from Patronus Resources, significantly expanding its landholding in the Leonora Gold Province in Western Australia. The acquisition includes three mining licences, eight exploration licences and nine prospecting licences, totalling 142km², and places CGN alongside major players like Genesis Minerals and Vault Minerals with a total land package of 386km². The newly acquired land lies directly along strike from several major ...
McEwen to acquire British Columbia’s Golden Lake Exploration
Yahoo Finance· 2026-01-29 10:09
Core Viewpoint - McEwen has signed a definitive agreement to acquire all shares of Golden Lake Exploration, which will become a wholly owned subsidiary, with the transaction value undisclosed [1] Group 1: Transaction Details - Each Golden Lake share will be exchanged for 0.003876 McEwen shares, resulting in an offer price of C$0.12 per share, representing a 60% premium on the 20-day volume-weighted average price as of January 26, 2026 [2][5] - Golden Lake shareholders are expected to hold approximately 0.5% of the combined entity post-transaction [2] Group 2: Asset Integration and Benefits - The incorporation of Golden Lake's projects is anticipated to enhance the Gold Bar Mine Complex, facilitating long-term operations through exploration investments and existing infrastructure [3] - Historical drilling data from the Jewel Ridge project shows significant gold grades, including 2.20 grams per tonne over 28.96 meters [3] Group 3: Shareholder Implications - Golden Lake shareholders will benefit from integration with McEwen's Gold Bar Mine Complex and access to McEwen's technical team, which specializes in gold exploration and mining operations [4] - McEwen shareholders are expected to gain from improved drill results and progress towards a sustainable operation at the Gold Bar Mine Complex [4] Group 4: Approval and Conditions - Approval from nearly 67% of votes cast by Golden Lake stakeholders is required at a special meeting anticipated in March 2026 [5] - The agreement includes standard closing conditions, regulatory approvals, and a C$250,000 break fee for termination under specific conditions [5]
West Red Lake Gold Confirms High-Grade Continuity at Rowan with First Round of Infill Drilling Results
Globenewswire· 2026-01-29 09:00
Core Insights - West Red Lake Gold Mines Ltd. has announced positive drill results from its infill and conversion drilling program at the Rowan Project, indicating strong potential for gold mineralization in the Red Lake Mining District of Ontario, Canada [1][24]. Drilling Program Overview - The current drilling program at Rowan consists of thirty-eight holes totaling approximately 6,000 meters, with thirty-three holes completed and results received for seven holes [2]. - The program aims to convert Inferred resources to Indicated and to provide data for potential mine design considerations [25][28]. Significant Drill Results - Notable intercepts include: - Hole RLG-25-192b: 1m @ 141.5 grams per tonne gold from 76.1m to 77.1m, and 1m @ 17.55 g/t Au from 27.6m to 28.6m [3]. - Hole RLG-25-190: 1m @ 55.8 g/t Au from 109.5m to 110.5m, and 1m @ 12.5 g/t Au from 75m to 76m [4]. - Hole RLG-25-187: 1m @ 28.5 g/t Au from 116.25m to 117.25m [5]. Exploration Strategy - The exploration strategy includes focusing on Veins 001, 004, 006b, and 013, with the goal of updating the Mineral Resource Estimate planned for Q2 2026 [8][29]. - The use of larger diameter HQ drill core is expected to provide better grade representation and larger volume samples [8]. Economic Assessment - A Preliminary Economic Assessment (PEA) for the Rowan Project indicates the potential for an underground mine producing an average of 35,230 ounces of gold per year over a five-year mine life at an average grade of 8.0 g/t Au [24]. Resource Estimates - The Rowan deposit currently hosts an Indicated resource of 478,707 tonnes containing 196,747 ounces of gold grading 12.78 g/t Au, and an Inferred resource of 421,181 tonnes containing 118,155 ounces of gold grading 8.73 g/t Au [39]. Future Plans - The company plans to conduct further geotechnical, metallurgical, and engineering studies to support the combined Pre-Feasibility Study (PFS) for the Madsen Mine and Rowan projects [30]. - The Advanced Exploration permit is targeted for approval in 2027, which is expected to facilitate bulk sample extraction [31].
West Red Lake Gold Confirms High-Grade Continuity at Rowan with First Round of Infill Drilling Results
Globenewswire· 2026-01-29 09:00
Core Viewpoint - West Red Lake Gold Mines Ltd. has announced promising drill results from its infill and conversion drilling program at the Rowan Project, indicating high-grade gold intercepts and potential for resource upgrades [1][7][23]. Drilling Program Overview - The current drilling program at the Rowan Project involves a total of thirty-eight holes, approximately 6,000 meters in length, with thirty-three holes completed and results received for seven holes [2][24]. - The drilling aims to support the upgrade of Inferred resources to Indicated and to provide data for a combined Pre-Feasibility Study (PFS) for the Madsen Mine and Rowan projects [24][28]. Significant Drill Results - Notable high-grade intercepts include: - Hole RLG-25-192b: 1m @ 141.5 grams per tonne gold from 76.1m to 77.1m [3]. - Hole RLG-25-190: 1m @ 55.8 g/t Au from 109.5m to 110.5m [4]. - Hole RLG-25-187: 1m @ 28.5 g/t Au from 116.25m to 117.25m [5]. - The presence of visible gold was noted in several holes, indicating strong mineralization [3][4][5]. Resource and Economic Assessment - The Rowan Project currently hosts an Indicated resource of 478,707 tonnes containing 196,747 ounces of gold at a grade of 12.78 g/t Au, and an Inferred resource of 421,181 tonnes containing 118,155 ounces at 8.73 g/t Au [39]. - A Preliminary Economic Assessment (PEA) indicates robust preliminary economics for an underground mine at Rowan, producing an average of 35,230 ounces per year over a 5-year mine life at an average grade of 8.0 g/t Au [23]. Future Plans and Opportunities - The company plans to extend the drilling program by an additional 1,000 meters to further explore the Vein 001 zone [7]. - Further geotechnical, metallurgical, and engineering studies are underway to inform the planned PFS, with the goal of advancing Rowan towards Advanced Exploration status by 2027 [29][30]. - There are opportunities to expand and upgrade the resource and mine plan, particularly with veins 006b and 013, which may demonstrate similar resource upgrade potential [32][34].
黄金股去年大赚,6家矿企合计入账600亿+
Di Yi Cai Jing· 2026-01-29 08:37
截至1月29日,已披露2025年业绩预告的6家金矿公司,净利润合计602亿元~625亿元。其中净利润增速 平均值至少达到84%。 随着金价的连续上涨,"家中有矿"的黄金股业绩继续大幅预增。 截至1月29日,已披露2025年业绩预告的6家金矿公司,净利润合计602亿元~625亿元。其中净利润增速 平均值至少达到84%。 今年以来,黄金价格继续"狂飙",29日先冲上5400美元/盎司,不到半小时再突破5500美元/盎司, COMEX黄金盘中一度突破5600美元,最高触及5626.8美元/盎司,伦敦金现逼近5600美元,再创历史新 高。 紫金矿业是黄金公司中,拥有黄金储量最多的公司。该公司预计2025全年净利润区间为510亿元~520亿 元,在6家公司中净利润额占比约八成。净利润同比增幅达59%~62%。 中金黄金紧随其后,预计报告期内净利润为48亿元~54亿元,同比增长41.76%~59.48%;赤峰黄金预 计全年净利润30亿元~32亿元,同比增幅达70%~81%。 净利润增速方面,招金黄金净利同比增长率最高达到242%。该公司称,业绩变动原因为主营业务扭 亏,预计为1.22亿元~1.82亿元,上年同期亏损1.2 ...