Mining Intelligence Articles & Market Analysis - Page 143
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Pacific Ridge Announces Initial Mineral Resource Estimate for Kliyul Copper-Gold Project
Pacific Ridge reports a significant initial resource estimate at Kliyul, BC, with 334.1 Mt grading 0.33% CuEq, highlighting a valuable copper-gold deposit in Northcentral BC.
Homerun Collaborates with Igraine PLC to Launch Rapid-Deployment EV Charging and Battery Storage Solutions for UK Auto Sector
Homerun Resources partners with Igraine PLC to develop quick-deploy EV charging and battery storage solutions in the UK, targeting major automakers and accelerating EV adoption.
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Lion Copper and Gold Announces Pre-Feasibility Study Results for Brownfield Yerington Copper Project and Maiden Mineral Reserve
Lion Copper's Yerington project shows strong US copper production potential, with a 12-year mine life, 120M lbs/year, and positive NPV and IRR at $4.30/lb copper.
First Andes Silver Reports Additional Drilling Intersections of the San Jorge Epithermal Vein, Santas Gloria Project, Peru
First Andes reports drilling at Santa Gloria, Peru, revealing sulfide zones and mineralization, supporting a deep silver-polymetallic system with ongoing assays.
Ramp Metals Confirms VMS Discovery at Rush Target
Ramp Metals reports positive drill results indicating a significant copper-zinc VMS system at Rottenstone SW, with new targets identified via geophysics for further exploration.
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Exploits Closes Non-Brokered Charity Flow Through Financing with Strategic Investor and Flow Through Share Private Placement
Exploits Discovery Corp. has closed a non-brokered private placement, raising $346,154 by issuing flow-through common shares at $0.09 each. In addition, the company has closed another private placement, raising $240,000 by selling 3,000,000 flow-through common shares at $0.08 each. The proceeds will be used to fund eligible "Canadian exploration expenses" related to the company's projects in Newfoundland and Labrador, Canada, before December 31, 2025. The issued securities will be subject to a four-month-and-one-day hold period under Canadian securities laws and are not available for sale in the United States.
Northstar Gold Corp. Closes First Tranche of Private Placement; Miller Property Zone 2 Extension Drilling to Commence Late November
Northstar Gold Corp. has successfully closed the first tranche of its non-brokered private placement, raising $818,750 through the sale of 14.9 million Hard Dollar Units and 4.95 million Critical Minerals Eligible Flow Through Units. The company plans to close a second tranche soon. Each unit includes a common share of the company and a share purchase warrant. The company also paid $20,255 in finder fees and issued 560,000 finder warrants. The sale is viewed as an endorsement of the company's exploration and development initiatives and growth potential. Northstar is currently shortlisting bids for drilling up to 1,500 meters targeting copper mineralization.
West High Yield (W.H.Y.) Resources Ltd. Announces Final Closings of Oversubscribed Private Placement and Shares-for-Debt Transactions
West High Yield Resources Ltd. has closed the final tranche of its private placement offering, issuing 3,660,935 units for gross proceeds of CAD$732,187. The company has also completed its shares-for-debt transactions to settle CAD$320,000 in outstanding debt. Each unit issued includes one common share and one share purchase warrant. A trading hold period applies to all securities for four months plus one day from issuance. As part of the closing, the company issued 10,000 non-transferable share purchase warrants to a broker and paid them a $2,000 commission.
Nio Strategic Metals Expands Its Fafnir Project
Nio Strategic Metals Inc., a mining exploration company, has acquired an additional 1,274 hectares over 22 claims next to its Fafnir Project. The claim block is near Rush Rare Earth's Boxy project, known for Niobium assays as high as 26.9%. The Fafnir Project in Quebec now covers around 6,230 hectares and is home to large high-grade niobium and Uranium deposits. Nio's CEO, Hubert Marleau, expressed excitement about the acquisitions due to their high potential for niobium mineralization and plans to perform explorations next summer.
Cleghorn Minerals Reports on Recent Channel Sampling Results from Historical Trenches & Pits on The Meech Lake - Matachewan Prospect
Cleghorn Minerals Ltd. has announced the results of Nickel-Copper-PGE and Gold-Silver-Zinc surface channel sampling on its Meech Lake - Matachewan Prospect in northeastern Ontario. The Phase II exploration program completed in 2023 included detailed mapping and channel sampling over various showings and included eight excavations. The objective was to define and characterize the surface mineralization identified in the 2018 drill program. Results include 4.91% copper, 1.35% nickel, 1.53 ppm platinum, 4.49 ppm palladium over 0.5 metres at the Kell's Showing, and 2.08 ppm gold, 5.2 ppm silver & 1.08%
Homerun Resources Inc. Reports Discovery of HPQ Silica Sand in Multiple Locations on 100% Owned Tenements in Belmonte, Brazil
Homerun Resources Inc. has conducted an exploratory drilling program on its 100% owned silica sand tenements in the Belmonte Silica Sand District. The company identified HPQ silica sand exploration target volumes across multiple areas within the 7930-hectare site. Despite challenges faced with heavy rain during the drilling, average results showed 99.23% Si02, with the best result being 99.80% Si02. An exploration target of over 200 million tonnes is projected within the concessions.
Golden Horse Minerals Australian IPO Offer Closes Early and Oversubscribed
Golden Horse Minerals Limited has closed its Australian initial public offering (IPO) early after raising the maximum target of A$18 million. The funds will be used to explore the company's Southern Cross Project, located in a prolific gold-producing region in Australia. The oversubscribed IPO is a major milestone for the company, indicating strong investor support. The company's CDIs are expected to start trading on the Australian Securities Exchange in early December 2024.
Ximen Mining Corp Completes 2024 Drill Program at Its 100% Owned Brett Epithermal Gold Property - Vernon BC
Ximen Mining Corp. has completed its drill program at the Brett epithermal gold project in southern British Columbia, with the eighth hole drilled to test the extent of the West Zone alteration zone. The drilling intersected volcanic rocks, including basalt and ash, and an oxidized leached zone of argillic alteration was found from 4.5 meters to 8.3 meters depth. Multiple zones of intense clay-silica alteration with clay-gouge faults and silica-pyrite mineralization were also intersected. The findings suggest a highly altered volcanic breccia.
Maple Gold Announces Closing of $5 Million Brokered Private Placement
Maple Gold Mines Ltd. has successfully closed its previously announced brokered private placement offering, issuing 32,695,384 non-flow-through units at $0.065 per unit and 35,935,000 flow-through common shares at $0.08 per share. This raised a total of $5 million in gross proceeds. The offering was led by Beacon Securities Limited, alongside Agentis Capital Markets Limited Partnership and Paradigm Capital Inc. Each non-flow-through unit includes one common share and one-half of one common share purchase warrant, with each warrant entitling the holder to acquire one non-flow-through common share at $0.10 until November 14, 2027.
Nova Pacific Metals Highlights the History and Revitalization Plans for the Lara VMS Deposit
Nova Pacific Metals Corp. has detailed the history and future plans for its Lara Volcanogenic Massive Sulphide (VMS) deposit, located on Vancouver Island, British Columbia. The deposit was discovered in 1984 and explored extensively in the 80s, but activity slowed due to low metal prices in the 90s. Early exploration efforts yielded promising results, including a high-grade trend in the Coronation Zone. The company plans to revitalize the deposit and continue exploration efforts.
Valkea Resources to Commence Trading on the OTCQB Under Symbol "OZBKF"
Valkea Resources Corp. has announced that its common shares will commence trading on the OTCQB® Venture Market under the ticker symbol "OZBKF" from November 14, 2024. The shares will continue to be traded on the TSX Venture Exchange under the symbol "OZ". The move is expected to enhance the company's visibility, improve liquidity, and broaden its shareholder base. This comes as Valkea begins its exploration program on the flagship Paana gold project in Finland's Central Lapland Greenstone Belt.
Military Metals Announces LOI to Acquire Past-Producing Last Chance Antimony-Gold Property, near Round Mountain, Nevada
Military Metals Corp. has announced its intent to acquire the Last Chance antimony-gold property in Nye County, Nevada from Amador Mining LLC. The property, which has a history of antimony and gold mining dating back to the 1870s, is located near the Round Mountain Gold Mine and Tonopah town. Military Metals Corp. plans to conduct detailed surface mapping and sampling, and initiate a drilling program to explore the full potential of the property.
Barksdale Receives Assays Results That Reveal High-Grade Copper-Silver, Lead-Zinc-Silver Veins
Barksdale Resources Corp. has reported initial assay results from its ongoing diamond core drilling program at its Sunnyside project in Arizona. The results indicate high grade copper-silver and lead-zinc-silver veins and broad zones of hypogene chalcocite mineralization. Drill hole SUN24-002 was designed to target deep lead-zinc-silver mineralization and surface potential for copper-silver mineralization. Assay results returned values up to 4.33% copper, 2.45% zinc and 99.7 g/t silver. The company believes the project is a target rich environment that needs further exploration.
RETRANSMISSION: Atomic Minerals Corp. Clarifies the Proposed Drilling Schedule for The Bleasdell Lake Uranium Project
Atomic Minerals Corp. is finalizing permits for the Bleasdell Lake Project in Vancouver, with plans to start drilling in December. The project, located 95 kilometers southwest of Lynn Lake, Manitoba, will focus on three newly identified uranium target zones in addition to the historically drilled Horn and Jackpine zones. The company is working to obtain a multi-year permit for ground-based geophysics and up to 4,000 meters of diamond drilling. However, the company acknowledges that more work needs to be done to classify the historical estimate of 620,700 pounds of triuranium octoxide as a current mineral resource.
Riverside Resources Announces the Launch of Blue Jay Resources and Its Ontario Gold Project Portfolio
Riverside Resources Inc. has transferred its three Ontario gold properties to its wholly-owned subsidiary, Blue Jay Resources Inc., to establish Blue Jay as an independent exploration company. The strategic move is designed to unlock potential value in these assets and provide Riverside shareholders with exposure to possible gains. The company's past strategy with Capitan Silver Corp. saw similar results. The new company is headed by CEO Geordie Mark, who has extensive experience in the mining industry and is planning a targeted drill campaign for the first half of 2025.
Quest Critical Metals Accepted as Associate Partner in a Further EU Grant Funded Project Using Innovative Geochemical Techniques to Identify Deep Mineral Deposits
Quest Critical Metals Inc. has been accepted as an Associate Partner in a €4.8m EU Horizon grant-funded project, Deep exploration BoostEd by Advanced exploration Technologies (DeepBEAT). The project aims to develop technologies for detecting deep-seated land deposits using geochemistry, with the company's Tisova/Klingenthal licences being test sites. The project proposes ten technological developments, including ultra-high resolution analytical chemistry, increasing sampling strategy efficiency, and AI-assisted 3D mineral prospectivity modelling. The project also aims to cultivate acceptance of exploration and mining in local communities. Partners include academic institutions and public and private organizations from various countries.
QIMC Reports Major Advancements in Ville Marie Geophysical Surveys for Natural Hydrogen Discovery and Launches Underwater Hydrogen Exploration and Sampling
Quebec Innovative Materials Corp. (QIMC) has reported significant progress in their geophysical and gravimetric surveys for the Ville Marie Natural Hydrogen discovery. They have conducted over 1,000 gravimetric measurements across an 80-square-kilometer area in the St-Bruno-de-Guigues region, which are essential in evaluating the thickness of sedimentary rock layers that overlay the Archean volcano-plutonic greenstone belt. The data collected will help create a detailed gravimetric model for the region and identify prime locations for hydrogen and helium conduits. The company is also planning an electromagnetic survey (TDEM) for winter 2024 into early 2025. After a successful hydrogen prospecting season in
Palamina Commences Soil Sampling Program After Completing Remote Sensing Study on the Galena Silver Copper Project
Palamina Corp. is advancing its Galena Silver Copper Project located in the Puno region of Peru, which contains high-grade copper-silver bearing quartz veins and multiple copper oxide and lead sulfide occurrences. The company is exploring for Carbonate Replacement Deposits (CRDs), with mineralization at Galena hosted in Tacaza Formation volcanics. The project is in the same structural trend as the Santa Barbara and Berenguela past-producing mines. Palamina is completing a pXRF soil survey to refine the extent of anomalous zones, and a gravity survey is planned to define a potential CRD deposit at depth. Palamina has combined traditional exploration methods with new technologies in 2024.
Snow Lake Energy Announces Positive Preliminary Results from Drill Program at the Engo Valley Uranium Project
Snow Lake Resources Ltd., a uranium exploration company, has announced promising preliminary results from eight initial reverse circulation drill holes at its Engo Valley Uranium Project in Namibia. The company also started a winter drill program at the Snow Lake Lithium Project. The data revealed significant uranium mineralization in five of the drilled holes. The CEO of Snow Lake emphasized the potential of the Engo Valley project given the increasing demand for uranium from major tech companies investing in nuclear power. The ongoing drill program aims to confirm historical mineralization previously identified.
Myriad Uranium's Drilling at Copper Mountain Continues to Validate Historic Drill Results and Return High Grade Intercepts across the Canning Deposit
Myriad Uranium Corp. has announced promising uranium grades from drilling at the Copper Mountain Uranium Project in Wyoming, USA. The spectral gamma ray logging has confirmed high-grade uranium mineralisation at the Canning Deposit area, validating historic work done by Union Pacific. The drilling has returned significant results with several intervals reporting an average grade greater than 1,000 ppm eU3O8 and peak grade reaching up to 3,870 ppm eU3O8 in borehole CAN0021. These findings are yet to be confirmed by chemical assay of core and reverse circulation samples.
Dark Star Announces Definitive Option Agreement for Uranium Assets Located in the Central Mineral Belt of Newfoundland and Labrador
Dark Star Minerals Inc. has entered into a definitive option agreement with Cronin Exploration Inc. to acquire up to 100% of Cronin's right, title, and interest in the Ghost Lake mineral claims in Newfoundland and Labrador. Dark Star's CEO, Marc Branson, expressed excitement over the potential of the property, which is located in the Central Mineral Belt of Labrador, a region known for uranium mineralization. The Ghost Lake Property consists of 28,575 ha of claim blocks and is surrounded by properties held by Atha Energy Corp. and overlaps trends with known deposits such as Paladin Energy Ltd.'s Michelin Uranium Project and Labrador Uranium Inc.'s deposits.
Appia Secures an Additional Mineral Claim at its PCH Ionic Adsorption Clay Project, Goias - Brazil
Appia Rare Earths & Uranium Corp. has secured an additional mining claim on the Eastern border of its existing claims at the PCH project through a public bidding process. This new claim will increase the total project area by 1,969.06 hectares, making the total area 42,932.24 hectares. The expansion allows Appia to potentially increase its rare earth mineralization. The President of the company believes that this new claim will extend the potential of their Eastern targets, Taygeta and Merope, which have shown consistent mineralization and strong results for magnet rare earths.
Xplore Resources Identifies Priority Targets for Upcoming Drill Program at Surge Lithium Project, Ontario
Xplore Resources Corp. has completed its surface exploration program, identifying new drill targets at its Surge Lithium project in northwest Ontario. The project is adjacent to Green Technology Metals' Root Bay Project, which is showing strong results. The Root lithium area is experiencing rapid growth, with encouraging results from a 14,000 m ongoing drilling campaign. Xplore's Surge property is located along 10 km of the Root Bay Lithium Trend. Recent data from an airborne Lidar survey, mapping, and ground prospecting have refined drill targets for an upcoming program.
ZTEM Survey Results Provide Vector to Porphyry Centre and New Targets at Pacific Ridge's Kliyul Copper-Gold Project
Pacific Ridge Exploration Ltd. has announced the results of a Z-Axis Tipper Electromagnetic (ZTEM) survey at its Kliyul copper-gold project in British Columbia. The ZTEM survey covered 85% of Kliyul and the results strengthen the company's belief that the final drill hole of the 2023 exploration program intersected a mineralized area. The survey also indicated a potentially mineralized 700m corridor from KMZ to the southern margin of a large magnetic and resistivity high anomaly. The company plans to utilize the survey results to define targets for future drilling.
TriStar Gold Announces Changes to Board of Directors
Marcus Brewster has accepted an offer to join the Board of Directors of TriStar Gold Inc., and will step down as the company's Chief Operating Officer effective December 4, 2024. Brewster, a geologist and mining engineer, will have his appointment approved following the company's Annual General Meeting on December 2, 2024. Mark Jones III, a significant figure in the founding of the company, has been appointed Chairman Emeritus.
DynaResource Reports Q3 2024 Results Demonstrating Operational Turnaround Progress at the San Jose de Gracia Mine
DynaResource, a Texas-based company, has reported promising results for Q3 2024. The results included an 83% increase in revenue to $11.2 million compared to Q3 2023, and a 27% improvement in milled throughput. The company has made significant advances towards improving profitability at its San Jose de Gracia Mine with a focus on cutting costs and enhancing operational efficiency. The net loss of the company improved from $2.9 million in Q2 2024 to $0.8 million in Q3 2024. DynaResource is planning to resume exploration activities in Q4 2024 with a focus on expanding the mine's known resources.
Canadian Gold Corp. Phase 3 Drilling at Tartan Mine Returns Multiple High-Grade Intercepts over Good Widths Extending Main Zone to the West Well Below Resource; Potential to Expand Resource Remains Excellent
Canadian Gold Corp. has announced positive results from its Phase 3 Drill Program at the Tartan Mine in Manitoba. The results have extended the high-grade mineralization along the western limits of the Main Zone and suggest a separate, longer-term opportunity for lower-grade bulk tonnage. The company is preparing data from over 21,000 meters of drilling since its last resource estimate in 2017. The recent drilling has expanded the Main Zone vertically and westward, demonstrating excellent continuity of both grade and width.
Elemental Altus Royalties Announces Expanded Revolving Credit Facilty
Elemental Altus Royalties Corp. has amended its credit facility, raising its borrowing limit to US$50 million. The company also announced the addition of Royal Bank of Canada as a new lender, joining National Bank of Canada and Canadian Imperial Bank of Commerce. Elemental Altus has made significant efforts to decrease its debt throughout 2024, and plans to continue repaying debt with excess cash. As of now, the company has drawn US$20 million from its US$50 million facility, and has repaid US$10 million in 2024. The maturity date of the facility has been extended to June 2027.
Cabral Gold Identifies Fifth Gold-in-Oxide Blanket and Trenches 18M @ 1.9 g/t Gold on Surface at the Jerimum Cima Target, Cuiú Cuiú Gold District, Brazil
Cabral Gold Inc. has announced the discovery of a fifth gold-in-oxide blanket within the Cuiú Cuiú Gold District in Brazil, following trench results from the Jerimum Cima target. The findings indicate the presence of extensive gold-in-oxide mineralization of a high grade, which is likely to positively impact the recent pre-feasibility study on a starter heap-leach operation. This discovery is expected to provide the potential to upgrade Inferred material at both the MG and Central gold deposits.
Dakota Gold Corp. Announces Resource Expansion Potential with Step-Out Drill Results at Richmond Hill Gold Project
Dakota Gold Corp. has announced positive results from fifteen drilling holes as part of an ongoing program to expand the first resource at the Richmond Hill Gold Project. The results will be included in an updated S-K 1300 Initial Assessment in Q1 2025. The original S-K 1300 resource, announced in April 2024, outlined 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 new drilling results from the Chism Gulch area of the Richmond Hill resource suggest potential for significant expansion
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