Mining Intelligence Articles & Market Analysis - Page 140
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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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Two New Reduced Intrusive (RIRGS) Targets, Totalling Four, Identified at Tombstone Belt, Yukon - Gold Orogen, New Spin Co of Lode Gold
Toronto-based Lode Gold Resources Inc. has announced the identification of two additional RIRGS targets, "Stingray" and "Camp," on the Golden Culvert property. The discovery was made through the interpretation of data from the 2024 QMAGT survey, and these new targets add to the four previously identified targets on the property. Field verification is scheduled for the next season to confirm the presence of targeted geological features. The Golden Culvert property has a significant 15 km long geochemical anomaly, of which only an 800 m section has been drilled. The identification of these new targets enhances the overall potential of the Golden Culvert property.
Strikepoint Announces Extension of Private Placement
StrikePoint Gold Inc. has been granted an extension by the TSX Venture Exchange to complete its non-brokered private placement of company units, initially announced in October 2024, by November 27, 2024. Each unit, priced at CAD $0.20, consists of one common share and a warrant exercisable into one common share at an exercise price of $0.30 for a 24-month period. The financing could generate up to $3 million in gross proceeds, which StrikePoint plans to use for exploration at its two Nevada-based projects and for general working capital. Completion of the financing's second tranche is subject to TSXV approval.
Sailfish Reports Q3 2024 Results
Sailfish Royalty Corp. has released its Q3 2024 financial results. The company saw an increase in gold ounces earned, with 215 and 671 ounces for the three and nine months respectively, compared to 207 and 835 in 2023. The company's royalty revenue also increased to $211,942 and $541,773 for the three and nine months respectively, a significant increase from $14,661 in 2023. Total revenues were $730,024 and $2,114,221 for the three and nine months respectively, compared to $413,978 and $1,620,104 in 2023. The company reported a gross profit of $454,040 and $1,267,
Nickel 28 Responds to Meritless Litigation by Former Executive
Nickel 28 Capital Corp., a nickel-cobalt producer, is facing a legal action filed by its former president, Justin Cochrane. The lawsuit includes allegations of wrongful termination, breach of contract, and unjust enrichment. Cochrane was dismissed on May 3, 2024, due to claims of serious misconduct and non-compliance with company policies. The company denies the allegations and plans to defend itself vigorously, asserting that it may seek to recover losses and gains related to Cochrane's alleged misconduct. Nickel 28 holds an 8.56% interest in the Ramu Nickel-Cobalt Operation in Papua New Guinea and manages a portfolio of 10 nickel and cobalt royalties on projects in Canada, Australia, and Papua
Canadian Critical Minerals Closes $950,000 Flow-Through Financing
Canadian Critical Minerals Inc. (CCMI) has secured $950,000 through a flow-through financing initiative, issuing 19 million shares at $0.05 each. The funds will be utilized for exploration and development activities at the Bull River Mine project near Cranbrook, B.C. In relation to the financing, CCMI paid $66,500 in cash commissions and issued 1.33 million non-transferable broker warrants. Each warrant allows the holder to acquire a common share of the company at $0.05 per share for a 24-month period.
Platinum Group Files Final Base Shelf Prospectus
Platinum Group Metals Ltd. has filed a final short form base shelf prospectus with the securities regulatory authorities in Canada and a corresponding registration statement with the United States Securities and Exchange Commission. This will allow the company to make offerings of up to US$250 million of common shares, debt securities, warrants, subscription receipts or a combination thereof. The proceeds from any sale of securities will be used for business advancement and general corporate purposes. This replaces the company's previous registration statement filed in 2022, which expired in July 2024, to enhance financial flexibility. Future offering specifics will be established in a prospectus supplement.
Confronting Mining CEOs: What Are They Doing With YOUR Money?
Interviewing 10 Mining CEOs at the Precious Metals Summit in Zurich about their financial strategies....
Road to $23,000 GOLD, 'It Will Get There' Says James Rickards
James Rickards predicts gold could reach $23,000 an ounce, discusses silver, Trump, and his book....
Mina Guanaca Drilling Returns 0.91% Cu Over 56 Metres Including 20 Metres Grading 1.88% Cu
Cascada Silver Corp. has announced the successful completion of its Phase I drill program at the Mina Guanaca Copper Project, with significant copper mineralization found in 3 out of 4 holes. The drill hole GAS-04 revealed a 56m interval grading 0.91% Cu, including a 20m interval grading 1.88% Cu. Two drill holes indicated a new zone of copper oxide mineralization extending to depths of 80 to 100m below the surface, which is still open along strike and depth. The findings suggest that the copper mineralization is related to breccias extending from a depth of 75m to the surface.
Phenom Reports Dobbin Gold Footprint Update, Nevada
Phenom Resources Corp. has provided an update on the developments of the Dobbin gold soil anomaly. The company has identified a 600 metre long by 200 metre wide trend with similar alteration, which is interpreted as an extension of the gold anomaly. Preliminary soil results from this new segment are promising, though they only partially define the extension. Crews have been dispatched to expand the soil grid to cover a suspected remaining part of the anomaly. The gold soil anomaly is at least 1.3 kilometres in length and has the potential to be extended. The anomaly is believed to be controlled by northeast-trending structures. Phenom owns the Carlin Gold-Vanadium Project, located in Nevada, and also has options on three other gold projects
Valkea Resources to Commence Drilling at the Paana Project, Central Lapland, Finland
Valkea Resources Corp. has announced it will begin exploration at its 100% owned Paana project in Central Lapland, Finland. The Phase 1 exploration program will aim to discover high-grade gold mineralization at the Aarnivalkea West discovery. The program involves a 2,000 metre drill program and systematic core re-logging efforts. The Aarnivalkea West target, defined by S2 Resources, is located approximately 24 km northwest of Agnico's Kittilä mine and was initially identified through geochemical surveys and drilling from 2018 to 2019. The discovery was further investigated with deeper diamond drilling in 2020 and 2021.
Sonoran Desert Copper Corporation Announces New Brazilian Subsidiary and Application for New Copper Concessions in Pernambuco Brazil
Sonoran Desert Copper Corporation has begun its Brazilian asset strategy by incorporating a new Brazilian subsidiary and applying for new copper exploration concessions in Pernambuco, Brazil. The application includes seven new concessions in Afrânio/Pernambuco and Casa Nova/Bahia, covering over 10,000 hectares. The company's technical team in Brazil is preparing a preliminary report on the area as part of an initial mineral prospecting program for copper.
QC Copper: Thierry Drill Core Resampling Program on Bulk Tonnage K1 Deposit Now Completed
QC Copper has completed a core sampling program at Cuprum's Thierry Copper Project to further understand the K1 bulk-tonnage resource. The program, which was highly cost-effective, involved resampling previously unsampled areas from existing drilled cores. Around 1,100 metres of historical core, or 690 samples across 34 drill holes, were identified for this. The resampling could help identify more mineralization around K1, potentially increasing resources and improving the geological model. A business merger between Cuprum and QC Copper is expected in December.
Bullion Prepares $1M Financing and Presents Summary of Its Gold and Polymetallic Projects
Bullion Gold Resources Corp. plans to conduct a non-brokered private placement to raise a minimum of $1 million for its Bodo Project and other corporate needs. They will issue units of the company and flow-through (FT) units to raise this capital. Each unit will consist of a common share and a common share purchase warrant, while each FT unit will consist of a flow-through common share and a warrant. The Bodo project, located near Lake Mistassini, is a potential polymetallic system with indications of gold, silver, copper, lead, zinc, and molybdenum.
Premium Nickel Intersects Significant Lengths of Mineralization at Selebi North: 28.70 Metres of 3.45% CuEq or 1.67% NiEq
Premium Nickel Resources Ltd. has announced high-grade assay results for ten additional holes at its Selebi North underground mine in Botswana. These results, part of a series of in-fill drilling results at the Selebi North deposit, continue to demonstrate favorable grades and widths. The results are pending for around 14,000 meters of in-fill and expansion drilling. The details of the assay results for specific holes and their locations relative to the Mineral Resource Estimate and underground infrastructure can be found on the company's website.
T2 Metals Receives Drill Permit Valid Until July 2027 for the Sherridon Copper-Gold-Zinc Project, Manitoba
T2 Metals Corp., a mining company, has obtained a new drill permit for the Sherridon copper-gold-zinc project in Manitoba. The permit, granted by the Manitoba Permit Office, allows for drilling over a larger area than the previous permit issued in 2023, and will be valid until July 2027. The Sherridon project is situated in a well-known volcanogenic massive sulphide camp in Manitoba, with a notable history of mining and exploration. The new permit will allow for the exploration of many targets at Sherridon, including areas not previously drilled.
Millennial Potash Provides Update on Port and Power Plant Construction at Its Banio Potash Project
Millennial Potash Corp. has updated on the infrastructure development at its Banio Potash Project in Gabon, including progress at the Mengali Port and a new thermal electricity plant. The company noted that these developments are critical for the project's advancement and economic viability. The construction of the port and power plant will also mitigate future operational risks. The Mengali Port is part of the Grande Mayumba Programme, a sustainable development venture between Gabon and the African Conservation Development Group.
South Pacific Metals Taps K92 Exploration Veteran to Lead Anga and Osena Project Drilling in PNG's Kainantu Gold District
Dean Williamson, an experienced exploration operator, has joined South Pacific Metals Corp. (SPMC) as Exploration Manager in Papua New Guinea. Williamson will use his extensive knowledge of the Kainantu area to advance the upcoming Anga and Osena Project drill programs. The company is near completion of drill planning for both projects, anticipating new discoveries due to their proximity to K92's active exploration and infrastructure. SPMC also noted the discovery of a new Anga anomaly near K92 Mining's Plant Site, and the similarities of the Irinke Prospect Assays with K92's Arakompa Discovery.
“This Is Just the Beginning” says Coppernico Metals’ Ivan Bebek - Initial Sombrero Project Results
Coppernico Metals is progressing on a 30-hole drill program, showing promising early results....
Pasofino Gold Provides Corporate Update on Potential Acquisition
Pasofino Gold Limited has updated on a potential transaction process, following the expiration of an exclusivity period with a potential acquirer. The company is now working with the counterparty on a non-exclusive basis to facilitate financing for the acquisition. Furthermore, the data room has been opened to more potential counterparties and early-stage site visits will be organized. The company will keep the market updated on any new developments regarding the potential acquisition. The Dugbe Gold Project in southern Liberia, hosted by Pasofino, has been identified with two significant deposits.
Borealis Drills 4.06 g/t Gold over 21.3 Metres Within 2.25 g/t Gold over 99.1 Metres at Historical Graben Deposit in Nevada
Borealis Mining Company has announced positive assay results from several drillholes at the Graben target, part of its 3,500 metre drill program at its Borealis Gold Project in Nevada. The drilling has shown large widths of consistent gold mineralization. CEO Kelly Malcolm expressed satisfaction at the results, which confirm a large body of near-surface gold mineralization at the Graben historical gold deposit. The company plans to return to the site for further testing in 2025. Borealis is also planning to conduct a 55,000 tonne underground bulk sample, and is engaged in other projects, including drilling, geological mapping and sampling, and planning for crushing a large stockpile of oxide mineralization.
Atomic Minerals Corp. Provides 2024 Corporate Update on Lead Projects in CDN and USA
Atomic Minerals Corp., a Vancouver-based company, has reported significant progress in its uranium exploration projects across North America. The company has made strides in Northern Saskatchewan and other projects such as Bleasdell Lake, Harts Point, Dolores Anticline, and 10 Mile Anticline. CEO Clive Massey highlighted the growth and strategic advancements the company has made in 2024, particularly in Canada and the United States. He also noted potential regulatory reforms under the incoming Republican Administration in the US that could help accelerate their exploration and development timelines. The company holds six uranium projects in Northern Saskatchewan, with initial groundwork showing positive signs for further exploration in 2025.
Kenorland Announces Follow-Up Drill Program and Commencement of Phase 2 Earn-In by Newmont Corporation at the Chebistuan Project
Kenorland Minerals Ltd. has announced plans for a winter 2025 drilling program at the Deux Orignaux prospect. The drill program, which has been approved by Newmont Corporation, will include up to 3,500m of drilling and is expected to begin in Q1 2025. This announcement comes as Newmont has provided notice to enter Phase 2 of the earn-in agreement with Kenorland, potentially earning an additional 29% participating interest in the Chebistuan project in Quebec. The Deux Orignaux target area is a prospect under an earn-in agreement with Newmont, and Kenorland will remain the operator of the project.
Orecap Portfolio Company Awalé Resources Hits 14.7 g/t Gold Over 59 Metres
Awalé Resources reported high-grade gold results from its Odienné Project, including 14.7 g/t Au over 59m, confirming a 200-metre gold corridor. Orecap holds 8.5% of Awale shares. The company plans to continue drilling with a 4000m program at the Charger target.
Aurania Announces Non-Brokered Private Placement of up to C$4.0 Million and Debt Settlement
Aurania Resources Ltd. announced its plan to complete a non-brokered private placement financing of up to 7,272,728 units at a price of C$0.55 per unit, aiming to raise a total of C$4,000,000. They also hold the right to increase the offering size by up to 25%, potentially raising an additional C$1,000,000. The proceeds will be used for exploration in France, exploration programs in Ecuador, and for general working capital. The company may also pay finder's fees of up to 7% in cash or finder's warrants.
Thesis Gold Makes New Near-Surface Discovery at the Ring Zone
Thesis Gold Inc. has announced a new discovery at the Ring Zone within its Lawyers-Ranch Project in northern British Columbia. The company gained valuable technical insights through drilling two new exploration zones in the 2024 field season. The discovery supports the potential for new, high-grade deposits and can contribute to resource growth, extend mine life and enhance project economics. Initial drilling has intersected high-grade mineralization near the surface. The project has an after-tax NPV 5% of C$1.28 billion, an IRR of 35.2%, and a 2.0-year payback period.
Bonterra Resources Inc. Engages ICP Securities Inc. for Automated Market Making Services
Bonterra Resources Inc., a company based in Val-d'Or, Quebec, has announced it is hiring ICP Securities Inc. to provide automated market making services using its proprietary algorithm, ICP Premium™. The agreement is set to begin on November 11, 2024 and will last for an initial term of four months, with automatic renewals for one month periods unless terminated by either party. ICP will be paid a monthly fee of C$7,500, plus applicable taxes. There are no performance-related factors or stock options involved in the agreement. ICP's main role will be to correct temporary supply and demand imbalances of Bonterra's shares. ICP does not currently own any Bonterra securities.
RETRANSMISSION: AMEX Exploration Delivers Exceptional PEA on Perron Gold Project
Amex Exploration Inc. announced the results of the Preliminary Economic Assessment for its Perron gold project, showing a pre-tax IRR of 59.5% and a NPV of C$948 M at a gold price of US$2,000/oz. The project anticipates an average annual production of 124,000 oz gold for the first 5 years of a 10-year lifespan. The project's initial capital expenditure is estimated at $229 million, with sustaining capital expenditure at $230 million. The assessment also predicts all-in sustaining cash costs of US$807/oz gold for the lifespan of the mine.
Canterra Minerals Drills 60 metres of 2.25% CuEq, Including 26 metres of 3.17% CuEq from Surface at the Buchans Project, Newfoundland
Canterra Minerals Corporation has reported initial results from its maiden drilling program at its 100% owned Buchans Project in the Central Newfoundland Mining District. The company holds Newfoundland's second-largest combined critical minerals inventory with seven resource-stage deposits. The Buchans Project hosts the Lundberg Copper-Zinc-Lead deposit, the most advanced critical minerals deposit in the district. The results for the first six drill holes are intended to expand the Lundberg deposit and provide initial testing of the Two Level target area. Assays are still pending for the remaining two holes. The results will be incorporated into future VRIFY AI predictive modelling to identify and target mineralization elsewhere on the property.
Orecap Portfolio Company Awalé Resources Hits 14.7 g/t Gold Over 59 Metres
Awalé Resources reported high-grade gold results from the Charger target at the Odienné Project, highlighting 14.7 g/t Au over 59m. The findings confirm a 200m gold corridor with strong continuity. Orecap holds 8.5% of Awalé shares and is optimistic about future drilling.
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