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Riverside Resources and Questcorp Launch Phase 2 Exploration Program at La Union Project, Sonora, Mexico
TMX Newsfile· 2026-04-01 07:05
Core Viewpoint - Riverside Resources Inc. has initiated the Phase 2 exploration program at the La Union Project in Sonora, Mexico, building on the success of the previous Phase 1 drill program which discovered sediment-hosted gold [1][2]. Exploration Program Details - The Phase 2 program is fully funded by Questcorp and involves geological mapping, geochemistry, geophysics, and structural analysis across four main target areas [1][2]. - An expanded aeromagnetic drone survey will be conducted concurrently to enhance the Phase 1 geophysical dataset, aiding in drill targeting for a planned drilling program in early summer 2026 [3]. Target Areas and Mineralization Styles - The Union Project features multiple district-scale target areas, focusing on three distinct mineralization styles: carbonate replacement deposit (CRD), sediment-hosted gold in calcareous siltstones, and structurally controlled gold mineralization within quartzite [6]. - Follow-up work will include further investigation of sediment-hosted gold targets identified during Phase 1, particularly at the Union Mine and Famosa North area [7]. Recent Developments - The Famosa area mineral concessions have been consolidated into Riverside's land package, enhancing the foundation for the Phase 2 work program [5]. - The company has secured permits, site access, and selected both a drill contractor and geophysical service provider, ensuring logistics are in place for the summer 2026 drilling program [8]. Company Overview - Riverside Resources Inc. is a well-funded exploration company with over C$5,000,000 in cash, no debt, and a strong portfolio of gold-silver, copper, and REE assets in North America [11].
Questcorp Mining and Riverside Resources Commence Phase 2 Exploration Program at the La Union Project, Sonora, Mexico
TMX Newsfile· 2026-04-01 07:05
Core Viewpoint - Questcorp Mining Inc. and Riverside Resources Inc. have initiated the Phase 2 exploration program at the La Union Project in Sonora, Mexico, building on the success of the previous Phase 1 drill program [1][2]. Group 1: Phase 2 Exploration Program - The Phase 2 program aims to refine existing drill targets and generate new ones through geological mapping, geochemistry, geophysics, and structural analysis [3][8]. - An expanded aeromagnetic drone survey will run concurrently to enhance geological interpretation and refine drill targets ahead of the planned drilling in early summer 2026 [3]. Group 2: Results from Phase 1 - The Phase 1 drill program included a high-grade 30-meter chip-channel interval at the Union Mine grading 20.2 g/t gold and 226 g/t silver, and a new sediment-hosted gold discovery at Luis Hill returning 42 meters grading 0.3 g/t gold [7][8]. - The results from Phase 1 have established multiple well-defined targets for further exploration [4]. Group 3: Project Details and Partnerships - The La Union Project is a district-scale exploration project with historical mining areas and multiple targets associated with gold, silver, zinc, and lead mineralization [11]. - Questcorp holds an option to earn a 100% interest in the project, while Riverside holds approximately 9.9% equity interest in Questcorp, which may increase to 19.9% upon completion of the earn-in [11]. Group 4: Future Plans and Positioning - With permits secured, site access established, and contractors engaged, the company is well-positioned to advance to the next fully funded drilling phase [9]. - The combination of CRD-style mineralization and emerging sediment-hosted gold potential at Luis Hill indicates the project's scale and versatility [2].
Adelayde Exploration to Commence Operations on the George Lake South Antimony Project in New Brunswick
TMX Newsfile· 2026-04-01 07:01
Core Viewpoint - Adelayde Exploration Inc. is advancing its critical mineral portfolio by engaging New-Sense Geophysics Ltd. for the George Lake South Antimony Project and is also initiating work on the Sisson North Tungsten Project, indicating a proactive approach in a tightening supply environment for strategic commodities [1][2]. Group 1: Project Developments - The company has engaged New-Sense Geophysics Ltd. to assist with the planned work program on the George Lake South Antimony Project, which is 100% owned by Adelayde [1]. - Work on the George Lake South Antimony Project is expected to commence shortly, marking a significant step in the company's development of critical mineral assets [1][2]. - The Sisson North Tungsten Project is also set to begin work, with the company well-financed for both projects, indicating a robust operational strategy for the year [2]. Group 2: Strategic Importance of Antimony - Antimony is highlighted as an increasingly strategic commodity, gaining global attention due to tightening supply dynamics, which positions Adelayde's projects favorably in the market [2]. - The company is optimistic about leveraging relationships established through its membership in defense associations in Canada (CADSI) and the USA (NDIA) to advance its critical minerals projects [4][5]. Group 3: Project Portfolio Overview - Adelayde's project portfolio includes the 9,780-acre Sisson North Tungsten Project, the 4,722-acre George Lake South Antimony Project, and the 1,136-acre McGee lithium clay deposit, which has a mineral resource estimate of 320 million tonnes at 803 ppm lithium for 1,369,000 indicated tonnes of lithium carbonate equivalent (LCE) [5][8]. - The McGee lithium clay deposit also has an inferred resource of 157 million tonnes at 865 ppm lithium for 723,000 tonnes of LCE, indicating significant potential in lithium resources [5][8].
Earthwise Minerals Closes Private Placement
Accessnewswire· 2026-03-31 21:15
Core Viewpoint - Earthwise Minerals Corp. has successfully completed a non-brokered private placement financing, raising gross proceeds of $703,500 through the issuance of units at a price of $0.05 each [2]. Group 1: Financing Details - The company issued a total of 2,400,000 non-flow through units (NFT Units) and 11,670,000 flow through units (FT Units) [2]. - Each NFT Unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of one common share at an exercise price of $0.08 for 24 months [3]. - Each FT Unit consists of one common share and one-half of one common share purchase warrant, with a total of 5,835,000 FT Warrants issued [4]. Group 2: Use of Proceeds - Proceeds from the FT Offering will be allocated to advance exploration activities at the Iron Range Gold Property in British Columbia [6]. - The proceeds from the NFT Offering will be used for general working capital [6]. Group 3: Regulatory and Compliance - Completion of the Offering is subject to customary conditions, including regulatory approvals, and all securities issued will be subject to a statutory hold period of four months and one day [5]. - The securities issued in connection with the Offering will not be registered under the United States Securities Act of 1933 and cannot be offered or sold in the United States without registration or an applicable exemption [7]. Group 4: Company Overview - Earthwise Minerals Corp. is a Canadian junior exploration company focused on the Iron Range Gold Project in southeastern British Columbia, holding an option to earn up to an 80% interest in the project [9]. - The project is located within a mineralized corridor and covers an area of 10 km x 32 km along the Iron Range Fault System, hosting multiple high-grade gold showings [9].
Portofino Announces South of Otter East & West Extension Property Agreement
TMX Newsfile· 2026-03-31 20:30
Core Viewpoint - Portofino Resources Inc. has reported the expiration of approximately 173 claim cells associated with the South of Otter Project due to insufficient capital for exploration activities, but has subsequently entered into a Property Option Agreement to acquire these and additional cells [1][2]. Group 1: Project and Claims - The expired claim cells were part of the South of Otter Project and expired on March 4, 2026, due to the company's lack of capital for required exploration activities [1]. - Following the expiration, the company entered into an agreement with an arms-length party to stake the expired cells along with approximately 180 additional contiguous cells [2]. Group 2: Transaction Details - To earn a 100% interest in the project, Portofino will issue 6,000,000 common shares upon approval from the TSX Venture Exchange and make cash payments totaling $90,000 over a 3-year period [3]. - The payment schedule includes an initial cash payment of $15,000, followed by $18,000 by the first anniversary, $25,000 by the second anniversary, and $32,000 by the third anniversary of the agreement's effective date [7]. Group 3: Company Overview - Portofino Resources Inc. is based in Vancouver, Canada, and focuses on exploring and developing mineral resource projects in the Americas [4]. - The company holds a 100% interest in the Yergo Lithium Project in Argentina and two gold exploration projects in northwestern Ontario, including the South of Otter Project [4].
Grizzly Closes Final Tranche of Private Placement
TMX Newsfile· 2026-03-31 20:15
Core Viewpoint - Grizzly Discoveries Inc. has successfully completed a non-brokered private placement, raising a total of $741,100 through the sale of FT Units and Units, aimed at funding mineral exploration and working capital needs [1][4]. Group 1: Offering Details - The company closed the sale of an additional 5,714,286 FT Units at a price of $0.035 per unit, generating gross proceeds of $200,000 as part of the final tranche of the Offering [1]. - In total, Grizzly sold 19,144,286 FT Units and 2,030,000 Units at the same price, resulting in aggregate gross proceeds of $741,100 [1]. - Each Unit consists of one common share and one warrant, allowing the purchase of an additional common share at $0.055, with specific expiration conditions [2]. Group 2: Use of Proceeds - The proceeds from the Offering will be allocated as follows: $670,050 for mineral property exploration, $29,600 for mineral rights and exploration permits, and $41,450 for working capital [4]. Group 3: Company Overview - Grizzly Discoveries Inc. is a diversified Canadian mineral exploration company, primarily listed on the TSX Venture Exchange, focusing on approximately 72,700 hectares of precious and base metals properties in southeastern British Columbia [4]. - The company is managed by a highly experienced team with a proven track record in advancing exploration projects from early stages to feasibility [4].
Casa Minerals Inc. Engages Independent Trading Group as Market Maker
TMX Newsfile· 2026-03-31 19:41
Core Viewpoint - Casa Minerals Inc. has engaged Independent Trading Group (ITG) for market-making services to enhance liquidity and maintain a reasonable market for its shares, pending regulatory approval [1]. Group 1: Market-Making Agreement - ITG will receive a compensation of CAD$6,000 per month, paid in advance, for an initial term of one month, with automatic renewals unless terminated [2]. - The agreement allows either party to terminate with 30 days' notice and does not include performance factors or compensation in shares or options [2]. Group 2: About Independent Trading Group - ITG is a Toronto-based CIRO dealer-member specializing in market making, liquidity provision, and algorithmic trading solutions, established in 1992 [3]. - The firm utilizes proprietary technology to provide high-quality liquidity and execution services to public issuers and institutional investors [3]. Group 3: About Casa Minerals Inc. - Casa Minerals Inc. focuses on mineral exploration for gold, copper, and strategic minerals in North America, holding a 90% interest in the historic Congress Gold Mine in Arizona [4]. - The company is advancing multiple projects in British Columbia, including the Arsenault copper-gold-silver project, with a commitment to creating shareholder value through the discovery and development of economic mineral deposits [4].
Red Canyon Completes Private Placement Financings
Thenewswire· 2026-03-31 18:10
Core Viewpoint - Red Canyon Resources Ltd. has successfully closed a non-brokered private placement, raising a total of $2,492,000 through two offerings, which will be used for exploration and advancement of its copper and copper-gold projects in North America [1][4]. Group 1: Private Placement Details - The Company issued a total of 9,285,000 units at a price of $0.20 per unit, resulting in gross proceeds of $1,857,000 [1]. - The initial tranche of 7,560,000 units closed on March 25, 2026, generating $1,512,000, while the final tranche of 1,725,000 units closed on March 31, 2026, adding $345,000 [2]. - Teck Resources Limited participated in the final tranche, maintaining a 9.9% equity interest in Red Canyon on a partially diluted basis [2]. Group 2: Use of Proceeds - The net proceeds from the offerings will be allocated towards the exploration and advancement of the Company's copper and copper-gold projects, as well as for working capital and general corporate purposes [4]. Group 3: Company Overview - Red Canyon Resources Ltd. is a geoscience-driven mineral exploration company focused on copper projects in North America, with a portfolio of 100% owned copper and copper-gold porphyry exploration projects [4]. - The Company's technical team comprises experienced geoscientists with backgrounds in capital markets and major mining companies [4].
Angkor Resources Undertakes IP Survey Over Copper/Iron Skarn Adjacent to Canada Wall Copper Porphyry Target, Andong Meas License, Cambodia
Thenewswire· 2026-03-31 13:00
Core Viewpoint - Angkor Resources Corp. has initiated a 20 line-kilometre Induced Polarization (IP) geophysical survey at the Gossan Hills target in Cambodia, aimed at detecting sulphide mineralization and advancing towards a drilling decision [1][2]. Survey Details - The IP survey utilizes a dipole-dipole configuration to measure chargeability, which helps distinguish sulphide minerals from barren rock [2]. - The survey will cover 20 line-kilometres with 2,500-metre lines, producing 2-D cross-sectional images of the subsurface to visualize sulphide-bearing zones [2]. Geological Context - Gossan Hills features calcareous metasediments that are highly reactive to mineralizing fluids, forming a skarn system indicative of potential economic mineralization [5][6]. - The geological interpretation suggests a systematic geochemical zonation from iron oxides to copper-rich zones, supporting the potential for a well-developed skarn system [6][8]. Independent Support - Recent research from ITC researchers indicates that the mineral presence at Gossan Hills suggests a potential association with skarn-type or sulfide-related mineralization, marking it as a promising exploration target [10]. Local Engagement and Education - The IP survey crew includes a team from the Institute of Technology of Cambodia (ITC), contributing to local capacity building in applied geophysics [11]. - The collaboration with ITC also extends to Angkor's energy subsidiary, EnerCam, enhancing hands-on training for students in seismic interpretation [12].
Mink Ventures Receives OJEP Grant of $93,365
Globenewswire· 2026-03-31 12:45
Core Insights - Mink Ventures Corporation has received a grant of $93,365.81 from the Government of Ontario to support critical minerals exploration at its Warren nickel, copper, and cobalt project [1][2] - The Warren property spans 1,130 hectares and is located approximately 35 km west of Timmins, Ontario, near Mink's Montcalm project [1][4] - The recent drill program at Warren successfully intersected mineralization in all drill holes, with notable results including a massive sulphide zone returning 0.44% nickel, 0.28% copper, and 0.06% cobalt over 7.1 meters [2][4] Company Overview - Mink Ventures Corporation is focused on exploring critical minerals such as nickel, copper, and cobalt at its Warren and Montcalm projects in the Timmins area [4] - The Montcalm Project is adjacent to Glencore's former Montcalm Mine, which historically produced 3.93 million tonnes of ore with grades of 1.25% nickel, 0.67% copper, and 0.051% cobalt [4] - Both projects are drill-ready, permitted, and have good access to infrastructure, including an all-weather access road and power [4] Exploration Plans - The company plans to purchase a historical VTEM survey conducted on the Warren property and perform Maxwell plate analysis to prioritize VTEM anomalies [3] - This data will complement existing ground induced polarization and magnetic surveys, aiding in preparation for a major drilling campaign [3]