Mining Intelligence Articles & Market Analysis - Page 135
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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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Maple Gold Announces Final Closing of Brokered Private Placement for Total Proceeds of $5.6 Million
Maple Gold Mines Ltd. has closed its previously announced concurrent private placement offering, issuing an additional 9,773,154 non-flow-through units at a price of $0.065 per unit, raising around $635,255. The total gross proceeds from the offering and the concurrent private placement are approximately $5,635,255. The offering was led by Beacon Securities Limited on behalf of a syndicate of agents. The funds will support resource expansion and de-risking of Maple Gold's Douay gold project, testing of the Joutel gold project, and potential new discoveries on their Québec property.
Volt Carbon Technologies Announces Private Placement for Gross Proceeds of up to C$600K
Volt Carbon Technologies Inc. plans to complete a non-brokered private placement, aiming to raise up to C$600,000. This will involve issuing up to 16,666,667 flow-through units at C$0.03 each for gross proceeds of up to C$500,000, and up to 4,000,000 company units at C$0.025 each for potential proceeds of C$100,000. Red Cloud Securities Inc. has been engaged to find investors for the offering. Additionally, Red Cloud will receive a cash finder's fee and an amount of non-transferable finder's warrants, each amounting to 7% of the gross proceeds raised from identified parties.
Intrepid Metals Announces Availability of Annual General and Special Meeting Materials
Intrepid Metals Corp. has announced that due to the Canada postal strike, materials for its upcoming Annual General and Special Meeting on December 19, 2024, are available online. Emails with a proxy, voting control number and voting instructions will be sent by the Company's transfer agent, TSX Trust Company, to registered shareholders. Shareholders who do not receive an email can contact TSX Trust. The company's financial statements will be delivered once the postal strike ends. Intrepid Metals is a Canadian company focused on exploring for copper, silver, and zinc mineral projects in southeastern Arizona, USA.
STLLR Gold Files Final Short Form Prospectus In Connection with Bought Deal Financing
STLLR Gold Inc. has filed for a final short form prospectus for a C$25 million public offering. The offering includes 4,793,000 units issued on a charitable flow-through basis, 3,788,000 units issued on a flow-through basis, and 11,364,000 units of the Company, all at different prices. An amended underwriting agreement has been established with Paradigm Capital Inc. and other underwriters. The company has also granted the underwriters an over-allotment option to purchase additional offered securities, up to 15% of the initial number, within 30 days of the offering's closing.
AJN Resources Inc. Closes $741,700 Private Placement Financing
AJN Resources Inc. has closed a non-brokered private placement of units to raise a total of $741,700 due to increased investor interest. This includes the issuance of 6,180,833 units, each comprising one common share and one share purchase warrant, priced at $0.12 per unit. The warrants can be exercised for an additional common share at a price of $0.15 each within a two-year period. A cash finder's fee of $5,400 and 45,000 warrants were paid to Canaccord Genuity Corp. for their services. The company's board has approved this private placement participation.
E-Power Resources Inc. Announces Closing of a Third and Final Tranche of Oversubscribed Private Placement
E-Power Resources Inc. has closed a third and final tranche of an oversubscribed private placement, raising a total of $526,264, surpassing the original goal of $420,000. In this tranche, 3,150,000 units were issued at $0.05 per unit, generating $157,500. Each unit includes one common share and half a common share purchase warrant, which allows the holder to acquire an additional share at $0.10 for 60 months from the closing date. The net proceeds will be used for general working capital. The securities offered are not registered under the U.S. Securities Act or any state securities laws, thus they cannot be sold in the U.S. without registration or
Emperor Metals Reports Positive Metallurgical Results from Initial Testing on the Duquesne West Gold Deposit
Emperor Metals Inc. has reported positive initial results from metallurgical testing of drill core samples taken from the Duquesne West Project in Quebec, Canada during its 2023 drilling program. The testing, which began in 2024, focused on replacement style mineralization and low-grade bulk tonnage style mineralization within the Quartz-Feldspar Porphyry (QFP). The average gold extraction from the samples tested was 90%, with the range being 90 to 100%. CEO John Florek expressed optimism about the project's future extraction potential and an upcoming mineral resource estimate expected in Q1 of 2025. The results were obtained using a patented cyanide leach process by SGS Laboratory.
Great Atlantic Reports Assays First Two Drill Holes of 2024 Intersects 34.8 G/T Gold over 0.53 Meters and 12.9 G/T Gold over 0.64 Meters at Jaclyn Main Zone, 100% Owned Golden Promise Gold Property - Central Newfoundland
Great Atlantic Resources Corp. has announced that its subsidiary, Golden Promise Mines Inc., has received gold analyses for the initial two holes of the 2024 diamond drilling program at its Golden Promise Gold Property in central Newfoundland. The holes were drilled at the gold-bearing Jaclyn Main Zone. Drill hole GP-24-157 intercepted 34.87 grams per tonne gold over 0.53 meters, while GP-24-158 intersected 12.96 grams per tonne gold over 0.64 meters. These were the first two holes completed during the 2024 fully funded drill program. Eight holes, totaling 716.5 meters, have been drilled to date.
Lion Copper and Gold Corp. Receives Additional Nuton Funding of US$5,000,000 at the Yerington Copper Project
Lion Copper and Gold Corp. and Nuton LLC, a subsidiary of Rio Tinto, have agreed to a Stage 2c Program of Work Amendment, extending the term of Stage 2 to June 30, 2025. The program includes advanced studies at Yerington and completion of the pre-feasibility study using Nuton's technologies. These studies aim to unlock value by producing domestic copper with significant environmental, social, and economic benefits. The project is also being de-risked with additional exploration and geotechnical drilling, pending required permits from the Nevada Department of Environmental Protection. The results will inform Nuton's decision on whether to proceed with a Feasibility Study.
Enertopia Announces Patent Issuance from USPTO
Enertopia Corporation, a company operating in the green technology space, has announced that the United States Patent Trademark Office has issued patent number 12149091 for its Energy Management System. The patent includes features like AI predictive comparative analysis, multi-platform interface solar/energy storage system, and adaptable organic architecture. The company believes this patent will contribute to the growth of not only the solar industry but also the battery management sector, which is projected to grow from $4.43 billion in 2023 to $48.14 billion by 2034.
Lion One Intensifies Roscoelite Focus and Enhances Fiji Gold Team with Addition of Two Ex-newmont Geologists
Lion One Metals Limited has intensified its roscoelite-targeting efforts at Tuvatu and welcomed back Sergio Cattalani to lead the technical team. New additions to the team include Ivan Maldonado and Alexander Valencia as Mine Geology Manager and Senior Mine Geologist respectively. A new mineralized structure associated with roscoelite has returned high-grade gold from a bulk sample. This structure has been continuously mapped for over 100 meters and is expected to extend further.
“Silver Is Ready to Respond to Gold” plus Stock Picks with Analyst Brien Lundin
Brien Lundin discusses gold, silver, mining stocks, and the upcoming New Orleans Investment Conference....
Teako Minerals Concludes Regional Summer Program and Provides Private Placement Update
Teako Minerals Corp. has completed its summer exploration program in Norway, covering 18 projects and involving soil and rock sampling. The company also extended its previous private placement of up to 11,111,111 common shares for up to $1,000,000. The results of the exploration program included soil samples, rock chip samples, and water samples for copper isotope studies. Site visits have been conducted on the Løkken property for the upcoming 2024/2025 drill program. The exploration also identified multiple targets on the Fe-Ti-P-REE projects and potential base-metal targets in the Eiker program.
QIMC Commences Winter Real-Time Monitoring of Dynamic Hydrogen Gas Flow at Identified Hot Spots
Quebec Innovative Materials Corp. (QIMC) has announced the launch of its winter monitoring activities for measuring natural hydrogen gas flow rates in the St-Bruno-de-Guigues area. The company will use probes to monitor zones with high commercial hydrogen flow rates, guided by previous soil sampling results and geophysical analysis. These probes, placed in shallow drilling holes, will provide continuous, real-time flow measurements. Additional probes will be deployed as the company continues to understand the subsurface systems. The generated data will offer insights into flow variability over time, helping QIMC to better understand and predict hydrogen dynamics in the subsurface.
Independence Gold Provides an Update on the Winter Drill Program at the 3Ts Project, BC
Independence Gold Corp. is conducting a winter drilling program at its 100% owned 3Ts Project located in British Columbia. The project, covering 8,840 hectares, includes seventeen mineral claims and is located near Artemis Gold Inc's Blackwater Project. The drilling program includes a minimum of 7,500 meters of diamond drilling with an estimated budget of $3.5 million. Six infill holes have been completed in the Ted-Mint and Tommy Vein Systems, and the samples are being sent for analysis. Future drilling will test more potential targets such as the Ian and Johnny vein systems, with additional drilling to focus on untested targets including Ootsa, Balrog, and Alf veins.
Viscount and Centerra Gold Commences Drilling at Cherry Creek, Nevada
Viscount Mining Corp. and its partner, a subsidiary of Centerra Gold Inc., have initiated their drill program at the Cherry Creek property in Nevada. The first target is a large soil and rock sample molybdenum and gold geochemical anomaly, which may suggest a mineralized porphyry at depth. The second target is to test the continuation of the mineralized Exchequer Fault zone in the southwest part of the property. The plan is to drill approximately seven Reverse Circulation (RC) holes, for a total of 1,500 meters.
Talon Metals Michigan Update: Drilling Hits 110.3 Meters of Copper & Nickel Mineralization at 9.59 Meters
Talon Metals Corp. has reported positive results from its exploration drilling at the Boulderdash target in Michigan's Upper Peninsula. The company's three latest drill holes have intersected significant amounts of copper-nickel sulphide mineralization. Drill holes notably encountered a 110.3-meter interval of mineralized intrusion and intersected multiple mineralized intervals. The company's Chief Exploration and Operations Officer, Brian Goldner, highlighted that the presence of copper-nickel massive sulphide veins in the drilling suggests the system has produced copper-nickel massive sulphides in the past. Further drilling is required to identify the source of the sulphide clasts.
Canadian Gold Corp. Clarification to News Improperly Disseminated by Third Party Wire Services
Canadian Gold Corp. has alerted wire services about unauthorized news releases appearing under its ticker, CGC. These releases pertain to other public companies and have no connection to Canadian Gold. The company has clarified that it has released only three pieces of news in the fall of 2024, pertaining to drilling results and a funding grant. Canadian Gold Corp., based in Toronto, is focused on expanding the high-grade gold resource at the Tartan Mine in Manitoba and holds a 100% interest in exploration properties in Ontario and Quebec.
Thunder Gold Identifies Multiple, New, Gold-In-Soil Anomalies at the Tower Mountain Gold Property, Ontario
Thunder Gold Corp has updated its exploration activity at its 100%-owned Tower Mountain Gold Property in Ontario. The recent soil sampling program identified about 2,500,000 square meters of anomalous gold. Around 80% of the observed anomalies are located in or within 500 meters of the Tower Mountain Intrusive Complex (TMIC). About 66% of the identified gold-in-soil anomalies are new targets with little to no previous sampling or drilling. The survey also identified a total anomalous area 2-3 times larger than what is currently drill-tested. The company's CEO, Wes Hanson, is optimistic about the potential to significantly increase the mineralized footprint in and around the TMIC.
Silver Elephant Delivered 31,693 Tonnes of Paca Minerals Grading 184g/t Silver in October, Set New Monthly Production Record
Silver Elephant Mining Corp. announced that in October 2024, it mined 31,693 tonnes of silver with an average grade of 184 g/t from its Paca project and transported the products to Andean Precious Metals Corp. in Bolivia. Since the operation began in October 2023, the company has mined and shipped 237,377 tonnes of silver, amounting to 1,300,144 oz. The company plans to sell up to 800,000 tonnes of Paca oxide materials to Andean for between US$5 million and US$7 million. It also expects to receive US$2.5 million by January 2025 and remain debt-free. Andean has agreed to cover operating costs. Silver Elephant
Legacy Gold Announces Grant of Stock Options
Legacy Gold Mines Ltd. has announced the grant of incentive stock options to acquire a total of 1,020,000 common shares at a price of $0.58 per share. Half of these options will vest immediately and the remaining half on the first-year anniversary of the grant date. The options will expire five years from the date of grant. 700,000 options were granted to the company's officers and directors, and 320,000 to consultants. Legacy Gold Mines Ltd. is a Canadian-based company involved in gold exploration and development, holding an option to acquire a 100% interest in the Baner gold project in Idaho, USA.
Big Gold Announces Maiden Drill Program at Tabor's East Divide Target, Approved for Ontario Junior Exploration Program Funding
Big Gold Inc. has announced plans for its 2024 fall exploration activities, which will include drilling at the Tabor Property situated in Thunder Bay, Ontario. The maiden drill program will target the East Divide Target Zone, which has shown promising samples in previous explorations. Big Gold will work with Laframboise Drilling to complete the drilling. Furthermore, the company has received approval to participate in the Ontario Junior Exploration Program (OJEP), receiving non-dilutive funding up to CAD$200,000 to aid in 2024/25 exploration activities. The province of Ontario is actively investing in early exploration, with OJEP funding up to 50% of eligible expenses for projects such as Tabor Property.
Compass Announces Fully Subscribed Convertible Debenture Offering
Compass Gold Corp., based in Toronto, Ontario, plans to issue 600 convertible debenture units at $1,000 each in a non-brokered private placement, aiming to raise $600,000. The company has secured full commitments for this offering, which is expected to close by November 30, 2024. The proceeds will be used to fund mineral exploration at Tarabala in Southern Mali and development of a small gold mining operation. Each debenture unit includes a $1,000 unsecured convertible debenture and 5,000 common share purchase warrants, each exercisable to acquire one additional common share at $0.18 for 12 months following the closing date. The debentures, bearing
Endurance Reports Drill Discoveries at the Crown Zone - 147.5 gpt Gold over 1.0 Metre and 7.61 gpt Gold over 5.7 Metres
Endurance Gold Corporation has announced the results from five additional diamond drill holes at the Crown Zone of its Reliance Gold Project. This zone, previously undrilled, is located between the Imperial and Eagle Zones. The 2024 drilling program aims to expand gold zones within the 2-km long Royal Shear structure. The highlights include two drill holes that contain visible gold, with the highest-grade gold sample returned so far on the Reliance property coming from one of these intersections. The five holes were testing the undrilled gap between the Eagle and Imperial Zones and have successfully demonstrated that the host structural setting and gold mineralization continue in this area.
DynaResource Reports October Production Demonstrating Strong Month Over Month Metal Production Growth at the San Jose de Gracia Mine
DynaResource, Inc. announced its October 2024 operating results, revealing a successful month with 2,626 ounces of gold produced and an average of 826 tons of gold processed per day at its San Jose de Gracia Mine in Mexico. This reflects a 26% increase in gold production from September 2024. The company also reported an 11% increase in the amount of tons milled and a 7.3% increase in the average tons processed per day. DynaResource, Inc. attributed these strong results to operational changes and an ongoing optimization program aimed at increasing profitability through cost-cutting measures, improved grade control, increased access to working areas, and better use of existing infrastructure. They are targeting a full year
Hercules Intersects 338 Meters of 0.47% Cu with Mineralization Increasing at Depth and to the North
Hercules Metals reports strong copper mineralization at its Idaho property, indicating promising exploration.
Kirkland Lake Discoveries Commences Drilling at Hargreaves Historical Shaft and Follows-up on Jo Zone Footwall Intercept of 1.22 g/t Au over 74 m on KL West
Kirkland Lake Discoveries has announced the start of drilling at the Kirkland Lake Project on the KL West Property in Toronto, Ontario. The drilling, which will cover approximately 1,500m, is part of the fall 2024 drill program and will test two areas: the Hargreaves Historical Shaft and Area, and the Jo Zone Footwall. The Hargreaves area is notable for its close proximity to the Kirkland Lake Main Break, a geological structure associated with over 28 Moz of gold.
Purepoint Uranium Increases Private Placement to $2,200,000
Purepoint Uranium Group Inc. has increased its non-brokered private placement offering from $2 million to $2.2 million to accommodate new strategic shareholders. The company also announced a 10:1 consolidation of its common shares, effective November 20, 2024, aligning its share structure with its growth strategy. The offering will issue up to 7,333,333 units at $0.30 each, with each unit comprising one post-consolidation share and one share purchase warrant. The company is a leading explorer with advanced projects in Canada's Athabasca Basin, operating in partnerships with industry leaders. The closing of the offering is still subject to regulatory and corporate approvals.
Exploits Commences Drilling at Bullseye Gold Property Targeting West Side of the Appleton Fault Zone in Central Newfoundland
Exploits Discovery Corp. has commenced exploration drilling operations at its Bullseye claims in Central Newfoundland, using Major Drilling Group International Inc. for the exploration drill program. The initial appraisal of the Appleton Fault Zone will begin within the next 48 hours, followed by drilling around the Saddle Zone where previous drilling yielded promising results. Bullseye is a significant exploration property due to its location between New Found Gold Corp.'s Queensway North and Kingsway claims. The current 2500-metre program marks the fourth phase of exploration drilling on Bullseye since its acquisition in September 2022.
K2 Gold Reports Assays of up to 375 g/t Au and 2.91% Cu in Rocks at Mojave Project
K2 Gold Corporation announced the first results of the Fall 2024 rock sampling program at the Mojave Project in Inyo County, California. The program explored the Gold Valley, Soda Valley, and Cerro Gordo target areas. Results revealed high grade gold and copper in Gold and Soda Valley respectively. In Gold Valley, rock grab samples returned up to 375 g/t Au and 142.5 g/t Au, with visible gold observed. In Soda Valley, 9 samples returned >1% Cu, including 2.91, 2.61, and 2.47% Cu. Results for 105 samples from Cerro Gordo are pending. The results demonstrate the scale and intensity of the mineralization system at the Moj
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