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Glenstar Receives Drill Permit for Phase 2 Program at Green Monster Project
Newsfile· 2025-11-24 13:29
Core Viewpoint - Glenstar Minerals Inc. has received a drilling permit from the Bureau of Land Management for its Phase 2 drill program at the Green Monster Project in Nevada, allowing for further exploration of mineral resources [1][2]. Drilling Program Details - The permit allows for the drilling of nine holes across four locations, covering approximately 300 meters of strike length exploration [2]. - The drilling plan includes two holes in the primary drilling area from Phase 1, three holes in the "discovery" zone 150 meters west of the primary site, and two holes each at two additional sites further west along a mineralized belt [2]. Survey and Data Analysis - The precise locations for the drill holes will be determined based on data from a recently completed Hybrid-Source Audio-Magnetotellurics Survey conducted by Hasbrouck Geophysics and Advantage Geophysics [3]. - The survey data was collected at 50-meter intervals along 13 lines and is currently being analyzed to create detailed geological models [4]. Project Background - The Green Monster Property consists of 35 federal lode claims covering approximately 700 acres in Clark County, Nevada, located about 40 miles southwest of Las Vegas [5]. - Prior to the recent drill program in May 2025, no drilling had been conducted on the property, although previous sampling in 2022 indicated the presence of robust nickel-copper with anomalous cobalt [5][6]. Mineralization Findings - Initial channel sampling returned significant results, including 1.18 meters of 3.77% copper, 3.06% nickel, 0.21% cobalt, and 6.83% zinc, indicating in-place vein style mineralization [6][7]. - Additional sampling confirmed high levels of zinc (>10%) and silver (>200 ppm), along with copper, uranium, and lead [7]. Company Overview - Glenstar Minerals Inc. focuses on the exploration of polymetallic minerals, which are critical for manufacturing electronics and energy technologies [8]. - The company's shares are traded on multiple exchanges, including the Canadian Securities Exchange and the Frankfurt Stock Exchange [9].
Quantum Joins 47G Institute to Support Critical Mineral Initiatives
Thenewswire· 2025-09-12 13:00
Core Insights - Quantum Critical Metals Corp. has joined the 47G Institute to enhance North American critical materials supply chains in response to new U.S. defense sourcing regulations [1] - The partnership aligns with the U.S. law banning Chinese-sourced rare earth magnets in defense systems, effective January 1, 2027, prompting a shift in supply chain dynamics [1] - CEO Marcy Kiesman emphasizes the importance of collaboration and strategic partnerships to secure critical mineral resources for energy and security [1] Company Overview - Quantum Critical Metals Corp. is a Canadian mineral exploration company focused on advancing critical metals projects essential for next-generation technologies [2] - The company has a diverse portfolio, including projects in Québec and British Columbia, aimed at supporting a secure and sustainable critical metals supply for the West [2]
Quantum Closes Private Placement
Thenewswire· 2025-07-18 13:00
Core Viewpoint - Quantum Critical Metals Corp. has successfully closed its final tranche of a non-brokered private placement financing, raising gross proceeds of $580,000.30 through the sale of 5,800,003 units at a price of $0.10 per unit [1][4]. Group 1: Offering Details - The total gross proceeds from the entire offering amounted to $2,009,100.30, with 20,091,003 units sold [4]. - The company paid finder's fees totaling $54,217 in cash and issued 541,170 broker warrants for subscriptions introduced by certain persons [4]. - The offering included participation from certain insiders, amounting to $165,000.30 from the issuance of 1,650,003 units [5]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to fund ongoing exploration activities on the company's properties in British Columbia and Quebec, as well as for general corporate purposes [2]. Group 3: Regulatory and Compliance - The closing of the offering is subject to final approval from the TSX Venture Exchange and customary conditions for private placements [3]. - All securities issued are subject to a statutory hold period of four months and one day, expiring on November 18, 2025 [3]. Group 4: Company Overview - Quantum Critical Metals Corp. is a Canadian mineral exploration company focused on advancing critical metals projects that support next-generation technologies, with a portfolio that includes various promising assets [8].
Melkior Announces Promising Grassroots Gold-Base Metal Discovery at Beschefer East
Thenewswire· 2025-07-17 11:00
Core Insights - Melkior Resources Inc. has announced positive results from its winter drilling program at the Beschefer East Project, indicating significant exploration potential in a previously unexplored area [3][4] - The company has entered into an option agreement with SOQUEM Inc. to earn 100% ownership of the Beschefer East Project over three years [1][6] Drilling Program Details - The winter drilling program consisted of six holes totaling 1,050 meters, targeting previously untested areas of the property with each hole having a nominal depth of 175 meters [3][4] - Drilling intersected altered felsic intrusions, felsic volcanics, and minor tuffs, with mineralized intersections localized at or near the contact of mafic and felsic volcanics along the Beschefer Trend [4] Anomaly Identification - A bio-geochemical sampling program collected 1,780 samples, identifying five distinct gold-polymetallic anomaly targets with elevated concentrations of copper, lead, and zinc [5] - The recent drilling represents one of these anomaly areas, which will be reviewed for follow-up work due to its coincidence with geophysical ground IP-EM conductors [5] Project Background - The Beschefer East Project covers 2,906 hectares and contains significant gold and polymetallic potential, with geological similarities to Abitibi Metals' B26 deposit [6] - Historical drilling in the adjacent Beschefer Project has identified high-grade gold zones, indicating the area's potential [7] Initial Drill Results - The initial drill results include significant intercepts such as 5.1 g/t gold, 0.96% copper, and 0.68% zinc over 0.9 meters, confirming an 800-meter copper-gold mineralized horizon [9] - These results suggest the need for more targeted drilling to evaluate the expansion potential of this new target [9] Technical Information - All drill cores were analyzed using standard fire assay procedures, with quality assurance measures in place [16] - The technical information has been reviewed and approved by a qualified person, ensuring compliance with industry standards [17]