Mining Intelligence Articles & Market Analysis - Page 131
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Argyle Announces Renewal with Euro Digital Media
Argyle Resources extends a marketing deal with Euro Digital Media for one month, paying $500K, to promote its mineral exploration projects in North America.
Vizsla Royalties Announces Completion of Payment of Acquisition and Amendment to Compensation Plan
Vizsla Royalties completes a royalty acquisition in Mexico and amends its equity plan, doubling potential issuances, and grants stock options and RSUs to align staff with growth.
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ONGold Announces Filing of NI 43-101 Technical Report for the Monument Bay Gold Project and Provides Corporate Update
ONGold filed a NI 43-101 technical report on Monument Bay Gold Project, detailing historical mineral resources, extensive drilling, and exploration potential in Manitoba.
District Files NI 43-101 Technical Report for the Viken Deposit Mineral Resource Estimate in Sweden
District Metals filed a NI 43-101 report updating mineral resources at its Viken Project in Sweden, highlighting indicated and inferred resources for various minerals.
Kenorland Closes Atlantic Project Acquisition and Receives Notice of Exercise of Top-Up Right from Sumitomo and Centerra
Kenorland Minerals acquired 31,052 hectares of mineral claims in New Brunswick's Atlantic Project, enhancing its exploration portfolio for gold, polymetallic deposits, and other minerals.
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Unigold Accelerates the Project Timelime for the Candelones Gold Project
Unigold Inc. has announced that the Dominican Republic government has outlined procedures for the Environmental and Social Impact Assessment (ESIA) process for the Candelones gold project. These changes to environmental regulations mean Unigold can proceed directly to the ESIA, including community consultations and finalizing design parameters. This comes after the appointment of a progressive Mines Minister in 2024, which helped to accelerate the project timeline. The ESIA process completion, before granting a 75-year Exploitation Licence, ensures mining projects are designed and executed sustainably and allows local community input. Unigold submitted an application in 2022 for the conversion of the Neita area into an Exploitation Concession, and delivered a full feasibility study for the
Heliostar Announces First Results from 2024 Drilling Program at La Colorada Mine
Heliostar Metals Ltd. is evaluating the potential to restart gold mining at the La Colorada Mine in Sonora, Mexico in 2025, following a successful 12,500m drilling program aimed at expanding mineral reserves. The company has released the first results from the program, with various grading levels of gold found. The findings suggest the opportunity to turn what was previously considered waste into ore, potentially reducing capital costs and increasing cash flow. The production decision for El Creston is expected by mid-2025. Mining operations at La Colorada ceased in 2023.
Dakota Gold Reports Further Resource Expansion at Richmond Hill with Step-Out Drilling Results
Dakota Gold Corp. has announced the results of thirteen drill holes from an ongoing program at the Richmond Hill Gold Project. This information will be incorporated into an updated S-K 1300 Initial Assessment in Q1 2025. The maiden S-K 1300 resource had an Indicated Resource of 51.83 million tonnes at 0.80 grams per tonne gold for 1.33 million ounces and an Inferred Resource of 58.06 million tonnes at 0.61 grams per tonne gold for 1.13 million ounces. The drill results show areas of mineralization where the grade and width are higher than those reported in the maiden resource. The resource shell is still open in all directions and has potential for
Purepoint Uranium and Cameco Approve 2025 Drill Program for Smart Lake Joint Venture
Purepoint Uranium Group Inc. has announced the approval of a $1.2 million drilling program at the Smart Lake Joint Venture (JV) Project, which is co-owned by Cameco Corporation (73%) and Purepoint (27%). The project is located in the southwestern Athabasca Basin, Saskatchewan, Canada. The drilling program is indicative of Purepoint's return to the highly prospective project, and their strategic approach of advancing high-potential projects through partnerships with industry leaders. The 2025 drilling program will build on the results of Purepoint's initial drill campaign at Smart Lake in 2008, during which uranium mineralization was first identified.
Forum Drilling Extends Uranium Mineralization at the Tatiggaq Deposit, Aberdeen Uranium Project, Nunavut
Forum Energy Metals Corp. has announced the first results from its summer drilling program at the Aberdeen Uranium Project. The project is located 5km west of the Kiggavik uranium project. The results from 11 holes drilled show significant mineralization in seven holes. The Main and West zones showed significant uranium mineralization, with some areas showing high percentages of U3O8. The total strike extent of uranium mineralization drilled at the Main and West zones has increased from 200m to over 310 metres.
Copper Fox Updates Sombrero Butte Copper Project
Copper Fox Metals Inc. and its subsidiary, Desert Fox Sombrero Butte Co., have updated on their exploration activities at the Sombrero Butte project in Calgary, Alberta. The 2024 program aims to obtain a comprehensive chargeability/resistivity model for the project along with an updated geology, alteration, and mineralization models to transition the project to the drilling stage. The program also includes mapping, sampling, petrographic studies, and geochemistry. Preliminary results have expanded their knowledge base and support the belief that a large Laramide age porphyry copper-molybdenum system is located within the project.
Manganese X Energy Corp. Announces Private Placement Financing
Manganese X Energy Corp. has arranged a non-brokered private placement offering of up to 11,428,571 common shares at a price of $0.035 per share for proceeds of up to $400,000. The proceeds will be used for Canadian Exploration Expenses and "flow-through mining expenditures" as defined in the Income Tax Act (Canada). The offering will close in mid-December 2024, subject to necessary regulatory approvals. The securities offered will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States.
Empress Royalty (TSXV:EMPR) - Bullish on Potential to Deliver Significant Growth
Interview with David Rhodes highlights Empress Royalty's growth potential and undervalued market position....
Geopolitics and Uranium: Scott Melbye on Russia’s Supply Ban and U.S. Response
Russia's uranium export ban stresses U.S. energy security, prompting calls for domestic uranium production....
Myriad Uranium (CSE:M) - Exceeding Expectations at Wyoming's High-Grade Copper Mountain Project
Myriad Uranium Corp targets high-grade uranium at Copper Mountain, leveraging historic data for exploration success....
Targa Discovers Anomalous Gold in Boulders Across a 7km Gold Till Trend explains CEO Cameron Tymstra
Targa Exploration reports significant gold findings in Opinaca, planning further exploration in 2025....
Transition Metals Corp. Closes Previously Announced Private Placement
Transition Metals Corp. closed a $299,999 private placement for critical minerals exploration.
Southern Silver Announces Non-Brokered Private Placement
Southern Silver Exploration Corp. intends to conduct a non-brokered private placement of 10 million units at $0.22 each, aiming to raise $2.2 million. Each unit includes one common share and a half of one share purchase warrant, which allows the holder to buy one common share at $0.32 for two years. Proceeds will be used to progress the Cerro Las Minitas project in Durango, Mexico, and for general corporate and working capital purposes. The Offering and any finders' fees are still subject to regulatory approval.
Equity Metals Announces Non-Brokered Charity/Premium Flow-through Private Placement
Equity Metals Corporation plans a non-brokered flow-through private placement of 8 million units at $0.27, raising $2.16 million for exploration at the Silver Queen and Arlington projects. Drilling continues at Silver Queen, with assays pending, while Arlington has identified three priority targets for future exploration.
Besra Gold Announces: Jugan Project: Metallurgical Test Work - Incorporating New Mining Strategy
Besra Gold Inc. has announced the start of a drilling programme involving deep diamond drill holes, in preparation for metallurgical test work set to begin in early 2025. This comes after a review of the Jugan Project, which has prompted a new mining strategy involving a smaller open pit, potentially followed by a 400 metre deep underground development. The revised strategy will result in less surface disturbance, lower tailings storage, a reduced environmental impact, and less land acquisition. The completion of the project will help showcase the company's gold mining ambitions.
Nexus Announces Non-Brokered Financing of FT Units
Nexus Uranium Corp. has announced a non-brokered private placement of up to 5,000,000 units at a price of $0.30 per unit to raise up to $1,500,000. Each unit includes one common share and one share purchase warrant, which can be used to acquire another share for 18 months at a price of $0.40. The proceeds will be used for Canadian exploration expenses and mining expenditures at the Cree East uranium project in the Athabasca Basin. The completion of the offering is subject to various approvals, including from the Canadian Securities Exchange.
Sitka Drills 119.0 Metres of 1.05 g/t Gold, Including 37.9 Metres of 2.05 g/t Gold and 11.5 Metres of 4.32 g/t Gold in Initial Diamond Drilling at the Rhosgobel Intrusion at Its Flagship RC Gold Project in Yukon
Sitka Gold Corp. has announced promising assay results from its first diamond drill at the Rhosgobel intrusion in Yukon, Canada. The drill hole returned 164.8 metres of 0.82 g/t gold starting 9 metres from the surface, with segments showing even higher gold levels. Drilling confirmed strong gold mineralization from the surface to at least 300 metres deep. The results indicate that Rhosgobel has the potential to host a significant multi-million ounce intrusion-related gold deposit. Results for six additional diamond drill holes are currently pending.
Red Metal Resources Closes First Tranche of Financing
Red Metal Resources Ltd. has completed the first stage of a non-brokered private placement, issuing 3 million flow-through units at a price of $0.10 per unit, resulting in gross proceeds of $300,000. The company also issued 915,000 non-flow-through units at $0.08 per unit, generating an additional $73,200. Each unit consists of one common share and half a common share purchase warrant, with each warrant exercisable to acquire one common share at $0.12 per share until May 2026. The company paid $30,000 in finder's fees and issued 300,000 share purchase warrants in connection with subscriptions introduced by Castlewood Capital Corporation.
Northstar Commences Diamond Drilling at Miller Copper-Gold Property
Northstar Gold Corp. has begun diamond drilling at its 100%-owned Miller Copper-Gold Property in Ontario. The company has hired Wiijiiwaagan Drilling Limited Partnership to complete a 1,500 metre drill program by the end of the year. The drilling targets copper-gold-silver sulphide mineralization along a recently defined conductor anomaly. Northstar has already intersected high-grade copper horizons at the site. This drilling was made possible by strategic investor support and a recent private placement that raised over $800,000. The company is planning to close a second tranche soon.
Debt Crisis to Trigger 'Serious' Economic Breakdown in 2 Yrs, Big Fed 'Print' Coming | Larry Lepard
Lawrence Lepard warns of a U.S. debt crisis impacting the economy and predicts gold's price surge....
South Pacific Metals' President Cathy Fitzgerald Recognized in the 2024 "100 Global Inspirational Women in Mining (WIM100)"
South Pacific Metals Corp's President, Cathy Fitzgerald, has been recognized as one of the "100 Global Inspirational Women in Mining" for her contributions to the global mining industry. With over 20 years of experience, Fitzgerald has driven strategy and development projects across key commodities. This recognition reflects her commitment to innovation and excellence in the mining industry. The Women in Mining UK initiative awards women who advocate for positive change and demonstrate resilience. South Pacific Metals Corp is an emerging gold-copper exploration company operating in Papua New Guinea.
Battery Mineral Resources Announces up to C$7 Million in Royalty Financing
Battery Mineral Resources Corp. has signed an agreement with Electric Royalties Ltd. to sell a 0.75% Gross Revenue Royalty on its Punitaqui copper mine in Chile for C$3.5 million. The company has also received interest for an additional C$3.5 million in royalty financing, potentially bringing total proceeds to C$7 million. This additional capital will enable Battery to increase production and accelerate mining activities at the Punitaqui project. The deal is expected to close before December 31, 2024.
US Copper Corp Reports Updated Mineral Resource Estimate for Moonlight-Superior Project
US Copper Corp has announced an updated Mineral Resource Estimate for its Moonlight-Superior Copper Project in Northeast California. The indicated resources include 402 million tons with 2.5 billion pounds of copper, a 99% increase from the 2018 estimate. The company also reported an inferred resource of 64 million tons with 394 million pounds of copper. The data will be used to develop a Preliminary Economic Assessment, expected to be released in January 2025. The CEO of US Copper believes the project could become a significant part of the US's critical mineral development strategy.
Big Gold Commences Maiden Drilling on the East Divide at Tabor Property in the Shebandown Greenstone Belt in Northwestern Ontario
Big Gold Inc. has begun drilling on the East Divide at the Tabor Property in Northwestern Ontario, located on the Shebandowan Greenstone Belt. So far, over 100m have been drilled and the second drill hole is in progress. The maiden drill program is focusing on the East Divide Target Zone, which previously showed promising gold, silver, copper, and zinc samples. The Tabor Project is next to Goldshore's Moss Lake gold deposit, which has 6.73 million ounces of gold resources.
Tartisan Nickel Corp. Closes $1,500,000 Flow-Through Financing at $0.24 per Share with a Thirteen Month Escrow Period
Tartisan Nickel Corp., a Canadian mineral exploration and development company, has secured $1.5 million in flow-through financing with a 13-month escrow period. This financing resulted in the issuance of 6,250,000 shares at $0.24 each. The funding will mainly be used for the exploration, development, and advancement of Tartisan's Kenbridge Nickel Project in Ontario. A 5% commission was paid to agents involved in the deal.
Fuerte Metals Hits at Step-out Holes at the Los Ingleses Vein, Intercepts 12.1 g/t AuEq over 1.1 m, 8.9 g/t AuEq over 1.2 m and 6.0 g/t AuEq over 2.8 m at its Cristina Project in Chihuahua, Mexico
Fuerte Metals Corporation has released results from five more holes as part of a diamond drilling program at its Cristina precious metals project in Mexico. This brings the total to 25 holes, totalling 6,976.5 metres, as part of a 40-50 hole, 21,000 metre program. The latest results come from the Los Ingleses vein system. Among the highlights are 12.1 g/t AuEq over 1.1 m estimated true width in hole ACD24-245 and 8.9 g/t AuEq over 1.2 m estimated true width in hole ACD24-242.
Seabridge's KSM Project Substantially Started Determination Challenged by Tsetsaut Skii km Lax Ha
Seabridge Gold Inc. announced that the Tsetsaut Skii km Lax Ha (TSKLH), an Indigenous group, has filed a petition against the British Columbia province and relevant ministries. The petition seeks a judicial review of the decision by the British Columbia Environmental Assessment Office that Seabridge's KSM Project has been "substantially started". The TSKLH contests the rights of the Nisga'a Nation and Tahltan Nation over the area of the project. They seek a declaration that the province failed in its duty to consult TSKLH regarding the project's commencement and request an order quashing the project's "substantially started" status due to the province's failure to consult and procedural fairness.
Atlas Lithium Outlines Regional Growth Strategy
Atlas Lithium Corporation, the owner of the Neves Project, is set to become the next lithium concentrate producer in Brazil's Lithium Valley. The company's medium to long-term growth strategy includes holding three key projects in major lithium-mineralized zones in the valley. The Neves Project is advancing towards production while exploration activities at the Salinas and Clear Projects have shown significant progress. Atlas Lithium has assembled Brazil's largest portfolio of lithium mineral rights among publicly listed companies.
Ongold Announces Agreement to Acquire the Monument Bay and Domain Projects in Manitoba
ONGold Resources Ltd. has announced its agreement to buy 100% stakes in both the Monument Bay Gold Project and the Domain Project, which are located in Manitoba, Canada, from Agnico Eagle Mines Limited and Capella Minerals Ltd. After the deal closes, Agnico Eagle will hold a 15% stake in ONGold. The acquisition of Monument Bay, which has significant gold and tungsten mineralization, will enhance ONGold's portfolio and complement its exploration activities in Northern Ontario.
Benton Resources Inc. to Seek Shareholders Approval to Spin-out Shares of Vinland Lithium Inc.
Benton Resources Inc. has announced plans for a special shareholder meeting, likely to be held January 8, 2025, to approve a reorganization of the company's share capital. The plan includes a spin-out of approximately 2 million of Benton's 4 million shares of Vinland Lithium Inc. to shareholders. The TSX Venture Exchange has conditionally agreed to list the issued shares of Vinland following the spin-out. The exact ratio of Vinland shares per Benton shares will be determined prior to completion, with accounts holding less than 5,000 Benton shares not receiving Vinland shares due to high administrative and compliance costs.
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