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Onyx Gold Discovers New Gold Zone 250 meters from Argus North
Newsfile· 2025-12-03 12:00
Core Insights - Onyx Gold Corp. has discovered a new near-surface gold mineralization zone located 250 meters southwest of the Argus North Zone, indicating significant potential for further gold exploration and development [1][7][11] Summary by Sections Discovery and Drilling Results - The new gold zone was identified as part of the ongoing 75,000 meters diamond drill program at the Munro-Croesus Project, which is 100% owned by the company [1][7] - Drill hole MC25-213 at Argus West returned 21.2 meters grading 2.1 grams per tonne (g/t) gold, including 14.0 meters grading 3.0 g/t gold and a notable 1.0 meter grading 19.7 g/t gold with visible gold occurrences [3][6][12] - Drill hole MC25-199, located 430 meters from Argus North, intersected 14.0 meters grading 1.0 g/t gold [6][13] Geological Context - The Argus Fault, a key structural feature, is emerging as an important control on gold mineralization, with drilling indicating broad zones of gold mineralization over a total strike length of 900 meters and extending vertically from surface to approximately 400 meters [2][10][11] - The geological setting includes mafic variolitic volcanic rocks and fine-grained metasedimentary rocks, with mineralization characterized by strong albitization, silicification, and the presence of pyritic stringers [10][12] Project Overview - The Munro-Croesus Project is located in the Abitibi greenstone belt, a premier gold mining jurisdiction in Canada, covering 109 square kilometers of highly prospective geology [26][30] - The project includes the historic Croesus Gold Mine, known for yielding some of the highest-grade gold in Ontario, and has seen extensive land consolidation to enhance exploration potential [26][30] Future Exploration Plans - The company plans to continue systematic step-out drilling along the Argus Fault to evaluate the size of the new gold zone and the broader Argus trend, with three rigs currently active [7][16] - Ongoing drilling efforts are focused on defining the extent of mineralization and exploring additional targets within the project area [7][16]
Barrick completes Tongon gold mine divestiture in Côte d’Ivoire
Yahoo Finance· 2025-12-03 11:59
Barrick Mining has finalised the divestiture of its interests in the Tongon gold mine, along with selected exploration assets in Côte d’Ivoire, to Atlantic Group. The transaction, first disclosed on 6 October 2025, carries a total consideration of up to $305m. As part of the agreed transaction, Barrick will receive a cash payment of $192m from Atlantic Group. This sum includes a $23m repayment of a shareholder loan, which is scheduled to be paid within six months of the transaction’s closing. In additi ...
Collective Mining Expands Apollo System's Ramp Zone Along Strike and at Depth with High-Grade Drill Results Including 23.35 Metres @ 8.24 g/t Gold Within 76.10 Metres @ 3.26 g/t Gold
Prnewswire· 2025-12-03 11:30
Core Insights - Collective Mining Ltd. has confirmed broad and continuous intervals of gold mineralization in the Ramp Zone, extending it to 300 meters of strike by 270 meters vertical, remaining open in all directions [1][2] Company Overview - Collective Mining Ltd. is focused on gold, silver, copper, and tungsten exploration, with its flagship project being the Guayabales Project in Caldas, Colombia [2][3] - The company has completed 150,000 meters of diamond drilling across its projects, including 105,000 meters at the Apollo system [2] Recent Drilling Results - Hole APC143-D1 intersected 76.10 meters at 3.26 g/t gold and 4 g/t silver, including 23.35 meters at 8.24 g/t gold and 8 g/t silver, expanding the Ramp Zone's dimensions [1][2] - Hole APC140-D2 extended the Ramp Zone by 50 meters to the northwest, with results of 55.10 meters at 3.06 g/t gold and 7 g/t silver, including 16.40 meters at 8.44 g/t gold and 19 g/t silver [1][2] Future Exploration Plans - The company plans to accelerate exploration efforts with additional rigs on site and pending assays from two holes that have significant visible gold [1][2] - An aggressive drilling program targeting up to 100,000 meters is planned for 2026, supported by US$135 million in cash [2]
Headwater Gold and Centerra Gold Sign US $25 Million Earn-In Agreement to Explore the Crane Creek Gold Project in Idaho
Thenewswire· 2025-12-03 11:30
Core Insights - Headwater Gold Inc. has entered into a definitive earn-in agreement with Centerra Gold Inc. for Centerra to earn up to a 70% interest in Headwater's Crane Creek project in Idaho through staged exploration expenditures totaling up to US$25,000,000 and the completion of a preliminary economic assessment report [1][3][4] Agreement Structure - The earn-in agreement allows Centerra to acquire a 70% interest in the Crane Creek project by making an initial cash payment of US$87,000 and subsequent annual cash payments of US$50,000 starting on the first anniversary of the agreement [5][6] - The agreement consists of three stages: - **Stage 1**: Centerra can earn a 51% interest by funding US$10,000,000 in exploration expenditures within four years, including a minimum commitment of US$2,500,000 in the first three years [6][7] - **Stage 2**: Centerra may earn an additional 9% interest (up to 60%) by funding an additional US$15,000,000 within four years following Stage 1 [7][8] - **Stage 3**: Centerra can earn an additional 10% interest (up to 70%) by completing a preliminary economic assessment report that includes a minimum of 1,000,000 ounces of gold equivalent within two years following Stage 2 [8] Project Overview - The Crane Creek project is located in western Idaho, approximately 18 km northeast of Weiser and 90 km northwest of Boise, and is fully permitted for drilling [9][11] - The project encompasses an array of mineralized epithermal quartz veins and features characteristics of a well-preserved low-sulfidation system [9][12] - Historical drilling from 1984 to 1996 primarily targeted shallow mineralization, with significant potential for high-grade veins at greater depths remaining untested [12][13] Exploration Plans - Headwater and Centerra will work together to finalize an integrated exploration plan that incorporates recent geophysical datasets and historical results, with the goal of initiating Phase 1 drilling as early as spring 2026 [14]
Liberty Gold Reports Consistent Gold Grades from Infill Drilling at Black Pine Gold Project, Idaho
Globenewswire· 2025-12-03 11:00
Core Insights - Liberty Gold Corp. announced positive results from its 2025 resource infill drilling program at the Black Pine Oxide Gold Project in Idaho, confirming the geological model of gold mineralization [1][4][6] Drilling Results - Recent drill results include 0.68 g/t Au over 24.4 meters and 0.81 g/t Au over 22.9 meters at Rangefront, and 0.61 g/t Au over 71.6 meters at Discovery [1][4] - The drilling program is ongoing, with 21 holes reported from Rangefront and approximately 30 additional holes pending results [7] Resource Growth and Feasibility Study - The infill drilling is converting Inferred resources to Indicated and is expected to enhance confidence in the resource model ahead of the Feasibility Study, which is projected to include around 40,000 meters of new drilling [6][8] - The Feasibility resource update is anticipated to be completed in early Q1 2026, with ongoing drilling expected to reach 33,000 meters by mid-December 2025 [6][8] Metallurgical Drilling - In addition to exploration drilling, metallurgical core drilling has been completed, with results expected in early 2026, contributing to the Phase 10 metallurgical program [8] Geological Model Validation - Drilling at both the Rangefront and Discovery zones has validated the resource model and improved confidence in the metallurgical classification, indicating potential for resource expansion [4][12]
Scorpio Gold Announces Receipt of First Deferred Payment from Mineral Ridge Sale
Newsfile· 2025-12-03 11:00
Scorpio Gold Announces Receipt of First Deferred Payment from Mineral Ridge SaleDecember 03, 2025 6:00 AM EST | Source: Scorpio Gold CorpVancouver, British Columbia--(Newsfile Corp. - December 3, 2025) - Scorpio Gold Corp. (TSXV: SGN) (OTCQB: SRCRF) (FSE: RY9) ("Scorpio Gold", or the "Company") announces that it has received the first deferred payment from the previously completed sale of its wholly-owned subsidiary, Mineral Ridge Gold, LLC ("MRG"), to an arm's length purchaser.As disclosed in ...
Endeavour Announces Total Voting Rights
Globenewswire· 2025-12-03 10:19
Core Viewpoint - Endeavour Mining Plc has announced its total voting rights as of November 30, 2025, which stands at 241,331,005 ordinary shares, reflecting the company's transparency in compliance with UK regulations [2][3][4]. Company Information - Endeavour Mining is recognized as one of the world's senior gold producers and the largest in West Africa, with operational assets in Senegal, Côte d'Ivoire, and Burkina Faso [5][6]. - The company is a member of the World Gold Council and is committed to responsible mining practices, aiming to deliver sustainable value to its employees, stakeholders, and local communities [6]. Financial Disclosure - As of the close of business on November 30, 2025, the issued ordinary share capital of Endeavour Mining was 241,331,005 ordinary shares, with no shares held in treasury pending cancellation [3]. - The total number of voting rights can be utilized by shareholders to determine their notification requirements regarding interests in the company under FCA regulations [4].
Endeavour Announces Total Voting Rights
Globenewswire· 2025-12-03 10:19
Core Points - Endeavour Mining Plc has announced its total voting rights as of November 30, 2025, which stands at 241,331,005 ordinary shares [3][4] - The issued ordinary share capital of the company is comprised of shares valued at US$0.01 each, with no shares held in treasury [3] - This total number of voting rights is essential for shareholders to determine their notification requirements under the FCA's Disclosure Guidance and Transparency Rules [4] Company Overview - Endeavour Mining is recognized as one of the world's senior gold producers and the largest in West Africa, with operational assets in Senegal, Côte d'Ivoire, and Burkina Faso [5][6] - The company is a member of the World Gold Council and is committed to responsible mining practices and sustainable value creation for its stakeholders [6] - Endeavour Mining is listed on both the London Stock Exchange and the Toronto Stock Exchange under the symbol EDV [6]
ASX remains positive, continues to see gains for the second consecutive day: Boss Energy emerges as top performer, Megaport Limited drops; check top gainers and losers
The Economic Times· 2025-12-03 07:27
Market Performance - The Australian Stock Market showed a positive trend on December 3, 2025, closing with a gain of 15.50 points or 0.18% to 8,595.20 [6] - The S&P/ASX 200 index gained 5.34% year-to-date, despite being virtually unchanged over the last five days [6] - On December 2, 2025, the S&P/ASX 200 closed with a gain of 14.50 points or 0.17% to 8,579.70, following a decline of 48.90 points or 0.57% on December 1, 2025 [6] Major Indices Performance - As of December 3, 2025, major ASX indices recorded modest gains: - S&P/ASX 20 rose 0.3% from 4668.10 to 4684.10 - S&P/ASX 50 increased 0.3% from 8183.40 to 8204.60 - S&P/ASX 100 saw a 0.2% rise from 7129.60 to 7143.20 - S&P/ASX 300 also rose 0.2% from 8538.30 to 8554.50 [2][6] Top Gainers in S&P/ASX 200 - The top five gainers in the S&P/ASX 200 included: - Boss Energy Ltd (BOE) closed at 1.690, up 0.110 (6.962%) - Bellevue Gold Limited (BGL) closed at 1.425, gaining 0.085 (6.343%) - Paladin Energy Ltd (PDN) finished at 8.480, increasing by 0.420 (5.210%) - Deep Yellow Limited (DYL) ended at 1.680, up 0.075 (4.672%) - Wisetech Global Limited (WTC) rose to 72.580, increasing by 3.130 (4.506%) [4][6] Top Decliners in S&P/ASX 200 - The top five decliners in the S&P/ASX 200 included: - Megaport Limited (MP1) closed at 12.980, down 0.870 (-6.282%) - Block, Inc. (XYZ) at 92.700, with a drop of 5.870 (-5.956%) - HMC Capital Limited (HMC) ended at 3.400, declining by 0.200 (-5.556%) - West African Resources Limited (WAF) closed at 2.820, down 0.150 (-5.051%) - Light & Wonder Inc. (LNW) finished at 147.260, decreasing by 6.010 (-3.922%) [5][6]
Perseus Mining Makes $1.3 Billion Offer to Buy Predictive Discovery
WSJ· 2025-12-03 00:16
Core Viewpoint - Gold producer Perseus Mining has made a binding offer to acquire Predictive Discovery, valuing the explorer at approximately $1.3 billion [1] Company Summary - Perseus Mining is actively pursuing growth through acquisitions, as evidenced by its offer for Predictive Discovery [1] - The acquisition reflects Perseus Mining's strategy to enhance its portfolio and expand its operational capabilities in the gold sector [1] Industry Summary - The gold mining industry is witnessing consolidation, with major players like Perseus Mining seeking to acquire promising exploration companies to bolster their market position [1] - The valuation of $1.3 billion for Predictive Discovery indicates a competitive landscape in the gold exploration sector, highlighting investor interest and potential growth opportunities [1]