Core Insights - Cygnus Metals Limited is mobilizing an additional drill rig to explore new high-potential targets adjacent to a historic high-grade mine in the Chibougamau Copper-Gold Project, with a resource update expected next month [1][5][10] - The company is leveraging historical drilling data and innovative AI solutions to identify new drilling targets, which have already shown promising results in previous explorations [2][9] - The Chibougamau area has a rich history of high-grade gold and copper production, with significant unmined resources remaining at the Cedar Bay mine, which could be expanded through systematic exploration [4][8][11] Company Developments - Cygnus is actively processing over 100,000 historical documents to enhance its exploration strategy, which has already yielded successful results at the Golden Eye project [9][10] - The company aims to increase the remaining unmined high-grade resource at Cedar Bay, currently estimated at 130,000 tonnes at 8.9% CuEq indicated and 230,000 tonnes at 8.5% CuEq inferred [8][29] - Recent drilling results from Corner Bay will be incorporated into the upcoming resource update, showcasing significant intersections that highlight the potential for resource growth [10][14] Industry Context - The Chibougamau region is noted for its well-established infrastructure, including a processing facility capable of handling 900,000 tonnes per annum, which positions the project favorably for copper-gold development [11] - The historical production record of the Chibougamau area includes nearly 1 million tonnes of copper and 3.5 million ounces of gold, indicating a strong mining legacy [6][11] - The Cedar Bay mine, which closed in 1990, produced 400,000 ounces of gold and 61,000 tonnes of copper, demonstrating the area's potential for high-grade mineralization [7][8]

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES TORONTO, Aug. 11, 2025 (GLOBE NEWSWIRE) -- Critical One Energy Inc. (formerly Madison Metals Inc.) (“Critical One” or the “Company”) (CSE: CRTL) (OTCQB: MMTLF) (FSE: 4EF0) is pleased to announce that it has arranged a private placement financing consisting of the sale of up to 3,400,000 units (the “Units”) in the capital of the Company at a price of CDN$0.60 per Unit for aggregate gross proceeds of up to CDN$2,040,000 (the ...

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES TORONTO, Aug. 11, 2025 (GLOBE NEWSWIRE) -- Critical One Energy Inc. (formerly Madison Metals Inc.) (“Critical One” or the “Company”) (CSE: CRTL) (OTCQB: MMTLF) (FSE: 4EF0) is pleased to announce that it has arranged a private placement financing consisting of the sale of up to 3,400,000 units (the “Units”) in the capital of the Company at a price of CDN$0.60 per Unit for aggregate gross proceeds of up to CDN$2,040,000 (the ...

Key Takeaways ASM's Q2 revenues are estimated at $18.3M, up 23.7% from last year.EPS is projected at $0.03, matching the prior-year quarters result.Q2 silver-equivalent output rose 5% to 645,602 ounces on record mill throughput.Avino Silver & Gold Mines Ltd. (ASM) is anticipated to deliver a year-over-year decline in its bottom line despite higher revenues when it reports second-quarter 2025 results on Aug. 13, after market close.The Zacks Consensus Estimate for Avino Silver’s second-quarter revenues is $18 ...

Gold Imports Will Not Face Tariffs, Trump Says https://t.co/7RBmpBBYYe ...

ToplineGold imports will not face tariffs, President Donald announced in a brief post on Truth Social Monday afternoon, easing fears from U.S. importers after Customs and Border Patrol initially informed businesses that one-kilo and 100-ounce gold bars would face the president’s reciprocal tariffs.The White House previously said they would issue an executive order clarifying tariff levels on the precious metal this week.Getty Images ...

Gold Imports Will Not Face Tariffs, Trump Sayshttps://t.co/Rp4ay03qRu https://t.co/I3RyrEh3MQ ...

🇺🇸BREAKING: President Trump declare on Truth Social that Gold will not be tariffed. https://t.co/AHSYw969Io ...

Key Takeaways HBM's Q2 revenue projection is at $495.3M, up 16.4% year over year on stronger commodity prices.Higher gold and copper prices likely offset weaker production from Pampacancha in Peru.Manitoba Q1 gold output rose 6%, copper 10% and silver 30%, hinting at sustained momentum into Q2.Hudbay Minerals (HBM) is slated to report second-quarter 2025 results on Aug. 13, before market open. HBM is expected to deliver a year-over-year improvement in both its top and bottom lines in the quarter, aided by h ...

💥BREAKING:🇺🇸 TRUMP SAYS GOLD WILL NOT NOT BE TARIFFED. https://t.co/POEJf1ZK0M ...